Mahip Industries

Ahmedabad, India Founded: 1995 • Age: 31 yrs Listed
Corrugated boxes are manufactured by Mahip Industries in India.

About Mahip Industries

Mahip Industries is a publicly listed company based in Ahmedabad (India) founded in 1995. Corrugated boxes are manufactured by Mahip Industries in India. The company has 14 employees. Its Indian entity Mahip Industries Limited reported revenue of ₹10.43 Cr. Mahip Industries offers products and services including Folding Cartons and Corrugated Rolls.

Company details

Mahip Industries was established in 1995 in Ahmedabad, India, focusing on the production of corrugated boxes within the packaging sector. Operations involve the creation of standard and customized boxes for industrial applications. The company is led by Managing Director and Chairman Rajeev Agrawal. Its online presence is maintained through the domain mahipindustriesltd.in, supporting distribution across regional markets.

  • Headquarters Ahmedabad, India
  • Employees 14
  • Stage Public
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website mahipindustriesltd.in
  • Social X Facebook
  • Legal Name Mahip Industries Ltd.
Key Metrics
  • Market Cap
    ₹30.82 Cr

    MAHIP · BSE

  • Share Price
    ₹16.02

    0.00% today

  • Revenue
    ₹2.82 Cr

    FY 2021-22 · -60.3% YoY

  • EBITDA
    −₹20.76 Cr

    Margin -736.2%

  • Net Profit
    −₹20.59 Cr

    FY 2021-22 · -11.7% YoY

  • Debt / Equity
    8.16

    Interest cover 0.0x

  • Employee Count
    14

Products & Services of Mahip Industries

Mahip Industries offers a comprehensive portfolio of products and services, including Folding Cartons and Corrugated Rolls.

Folding Cartons
Packaging Products

These are manufactured for customized packaging requirements across industries.

Corrugated Rolls
Packaging Materials

These are produced for various applications in industrial and commercial settings.

Board of directors of Mahip Industries Limited (Mahip Industries)

Mahip Industries Limited is the primary company behind Mahip Industries. The board of Mahip Industries Limited currently have 4 directors; the longest-serving is Rajiv Govindram Agrawal, appointed in 1995. 11 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rajiv Govindram Agrawal
DIN 01922581
Whole-time director14 Nov 199530 yrs 11 moMahip Industries Limited
Praveen Singh
DIN 09660852
Director04 Jul 20224 yrs 3 moMahip Industries Limited
Kinjal Parmar
DIN 10831250
Director12 Nov 20241 yr 11 moMahip Industries Limited
Ronakbhai Amratbhai Patel
DIN 11269822
Director30 Aug 20251 yr 2 moMahip Industries Limited

People of Mahip Industries

1 people are tracked at Mahip Industries (1 in leadership); the tracked headcount is 14.

NameRoleGroup
Rajeev Agrawal
Managing Director & ChairmanLeadership
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Complete people profiles for Mahip Industries

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  • Team structure
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IPO & Listings of Mahip Industries

Mahip Industries is a publicly listed company on the BSE with ticker symbol MAHIP in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date12 Mar 2019
  • Listed onBSE: 542503
  • Listed entityMahip Industries Ltd.
  • Exchange sectorProcess industries
  • ISININE00CX01017
  • Share price₹16.02 (-4.98% on the day) · 2026-10-08
  • Volume (last session)40,000

Financials of Mahip Industries

Exchange-reported figures of Mahip Industries Limited, the listed company behind Mahip Industries (BSE: MAHIP).

Financial Highlights

FY 2021-22 · Consolidated
Revenue
₹2.82 Cr
-60.3% YoY
EBITDA
−₹20.76 Cr
-15.7% YoY
Profit After Tax
−₹20.59 Cr
-11.7% YoY
Net Worth
−₹5.17 Cr
-138.2% YoY
Total Assets
₹28.88 Cr
-39.5% YoY
Total Debt
₹34.05 Cr
-0.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2014-15
Income statement
Revenue2.827.1020.8113614010792.71
Revenue growth-60.3%-65.9%-84.7%-3.4%+30.6%--
EBITDA(20.76)(17.95)(6.18)6.6511.267.256.35
EBITDA margin-736.2%-252.8%-29.7%+4.9%+8.0%+6.8%+6.9%
Profit before tax(18.69)(18.43)(8.14)0.497.301.831.38
Net profit(20.59)(18.43)(8.14)0.515.601.220.92
Net profit margin-730.1%-259.6%-39.1%+0.4%+4.0%+1.1%+1.0%
EPS (₹)(9.72)(9.58)(4.23)0.267.9811.088.53
Balance sheet
Total assets28.8847.7270.3778.7959.4748.5948.04
Net worth(5.17)13.5332.0840.2223.0515.7713.38
Total debt34.0534.1938.2938.5836.4232.8234.51
Cash & bank0.180.050.421.271.460.070.04
Net working capital0.5618.8446.7758.0238.9333.1832.03
Cash flow
Cash from operations(2.05)10.836.45(10.00)5.713.75-
Cash from investing2.30(6.91)(4.23)(1.78)(7.36)2.21-
Cash from financing(0.10)(4.29)(3.08)11.572.50(6.13)-
ParticularsDec 2021
Revenue0.00
Other income0.00
EBITDA0.00
Depreciation0.00
Interest0.00
Profit before tax0.00
Tax0.00
Net profit0.00
EPS (₹)0.00
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue9.106.233.64(2.07)2.827.1020.81
Revenue growth+46.1%+71.2%+275.9%-173.4%-60.3%-65.9%-
EBITDA1.79(1.46)(3.28)(3.27)(20.77)(17.95)(6.18)
EBITDA margin+19.7%-23.4%-90.1%+158.0%-736.5%-252.8%-29.7%
Profit before tax2.800.07(2.21)(3.05)(18.70)(18.43)(8.15)
Net profit1.47(1.15)(4.27)(3.17)(20.60)(18.43)(8.15)
Net profit margin+16.2%-18.5%-117.3%+153.1%-730.5%-259.6%-39.2%
EPS (₹)1.460.04(1.15)(1.58)(9.72)(9.58)(4.23)
Balance sheet
Total assets5.762.903.0924.2628.8847.7270.36
Net worth(7.34)(10.15)(10.23)(8.21)(5.17)13.5332.07
Total debt7.077.058.7832.4734.0534.1938.29
Cash & bank0.030.060.290.180.170.050.42
Net working capital3.250.23(1.67)(4.54)0.5618.8446.77
Cash flow
Cash from operations(0.88)(0.20)(21.16)2.12(2.05)10.836.45
Cash from investing0.881.8323.86(0.50)2.30(6.91)(4.22)
Cash from financing(0.03)(1.86)(2.60)(1.62)(0.10)(4.29)(3.08)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
ParticularsDec 2021
Revenue0.00
Other income0.00
EBITDA0.00
Depreciation0.00
Interest0.00
Profit before tax0.00
Tax0.00
Net profit0.00
EPS (₹)0.00
ParticularsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2014-15
Revenue2.827.1020.8113614010792.71
Revenue growth-60.3%-65.9%-84.7%-3.4%+30.6%--
Other income2.561.262.980.290.520.420.38
Total expenses23.5825.0526.9912912910086.36
Employee cost0.130.330.711.120.980.720.39
EBITDA(20.76)(17.95)(6.18)6.6511.267.256.35
EBITDA margin-736.2%-252.8%-29.7%+4.9%+8.0%+6.8%+6.9%
Depreciation0.491.621.661.660.051.621.41
Interest0.000.123.284.794.434.223.94
Profit before tax(18.69)(18.43)(8.14)0.497.301.831.38
Tax0.000.000.000.001.700.610.44
Net profit(20.59)(18.43)(8.14)0.515.601.220.92
Net profit margin-730.1%-259.6%-39.1%+0.4%+4.0%+1.1%+1.0%
EPS (₹)(9.72)(9.58)(4.23)0.267.9811.088.53
ParticularsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2014-15
Equity & liabilities
Share capital19.2419.2419.2419.247.021.101.10
Reserves & surplus(24.41)(5.71)12.8420.9816.0314.6712.28
Shareholders' funds (net worth)(5.17)13.5332.0840.2223.0515.7713.38
Minority interest0.000.000.000.000.000.000.14
Secured loans29.0529.4129.5631.3530.4027.6328.97
Unsecured loans5.004.788.737.236.025.195.54
Total debt34.0534.1938.2938.5836.4232.8234.51
Total liabilities28.8847.7270.3778.7959.4748.5948.04
Assets
Gross block3.6527.7927.7727.9427.9120.2819.56
Net block1.7815.9017.2818.8020.1912.1614.67
Capital work in progress0.000.000.000.000.000.000.00
Investments0.190.190.440.410.400.650.24
Inventories0.254.7520.1524.1412.9414.6214.10
Sundry debtors3.3523.5236.7035.5527.4722.3319.09
Cash & bank balances0.180.050.421.271.460.070.04
Loans & advances1.393.4416.263.643.640.691.31
Total current assets5.1731.7673.5364.6045.5137.7134.54
Total current liabilities4.6112.9226.766.586.584.532.51
Net working capital0.5618.8446.7758.0238.9333.1832.03
Total assets28.8847.7270.3778.7959.4748.5948.04
ParticularsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2014-15
Opening cash0.040.421.271.460.610.24-
Net cash from operating activities(2.05)10.836.45(10.00)5.713.75-
Net cash from investing activities2.30(6.91)(4.23)(1.78)(7.36)2.21-
Net cash from financing activities(0.10)(4.29)(3.08)11.572.50(6.13)-
Net change in cash0.14(0.38)(0.85)(0.20)0.85(0.17)-
Closing cash0.180.050.421.271.460.07-
ParticularsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17FY 2014-15
Growth
Sales growth-60.3%-65.9%-84.7%-3.4%+30.6%--
EBITDA growth-15.7%-190.5%-192.9%-40.9%+55.3%--
PBT growth-1.4%-126.4%--93.3%+298.9%+32.6%-8.0%
Net income growth-11.7%-126.4%-1696.1%-90.9%+359.0%--
Revenue CAGR (3Y)-72.5%-63.0%-42.1%+13.5%+14.8%--
EBITDA CAGR (3Y)---+1.6%+26.3%--
Profitability & leverage
Net income margin-662.8%-259.6%-39.1%+0.4%+4.0%+1.1%+1.0%
Return on capital employed0.0%0.0%-6.5%+7.7%+21.7%+12.4%+12.1%
Return on net worth0.0%0.0%-22.5%+1.6%+28.9%+8.1%+7.7%
Debt / equity8.161.591.061.191.782.222.62
Long-term debt / equity2.720.500.370.490.610.590.80
Interest cover0.00-0.61-41.8495.9939.5274.9679.76
Efficiency & per share
Fixed asset turnover0.180.260.754.855.825.425.87
Inventory turnover1.130.570.947.3110.187.445.67
Debtors turnover0.210.240.584.305.635.215.94
EPS (₹)(9.72)(9.58)(4.23)0.267.9811.088.53
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)(2.69)7.0316.6820.9032.83143.12121.49
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue9.106.233.64(2.07)2.827.1020.81
Revenue growth+46.1%+71.2%+275.9%-173.4%-60.3%-65.9%-
Other income1.331.942.680.722.561.262.97
Total expenses7.317.696.921.2023.5925.0526.99
Employee cost0.000.290.140.100.130.330.71
EBITDA1.79(1.46)(3.28)(3.27)(20.77)(17.95)(6.18)
EBITDA margin+19.7%-23.4%-90.1%+158.0%-736.5%-252.8%-29.7%
Depreciation0.270.280.250.200.251.621.66
Interest0.050.131.360.300.240.123.28
Profit before tax2.800.07(2.21)(3.05)(18.70)(18.43)(8.15)
Tax0.000.000.000.000.000.000.00
Net profit1.47(1.15)(4.27)(3.17)(20.60)(18.43)(8.15)
Net profit margin+16.2%-18.5%-117.3%+153.1%-730.5%-259.6%-39.2%
EPS (₹)1.460.04(1.15)(1.58)(9.72)(9.58)(4.23)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital19.2419.2419.2419.2419.2419.2419.24
Reserves & surplus(26.58)(29.39)(29.47)(27.45)(24.41)(5.71)12.83
Shareholders' funds (net worth)(7.34)(10.15)(10.23)(8.21)(5.17)13.5332.07
Secured loans0.010.001.4828.7929.0529.4129.56
Unsecured loans7.067.057.303.685.004.788.73
Total debt7.077.058.7832.4734.0534.1938.29
Total liabilities5.762.903.0924.2628.8847.7270.36
Assets
Gross block3.032.882.973.503.8427.7927.77
Net block1.401.521.351.681.9715.9017.28
Capital work in progress0.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.190.42
Inventories0.150.490.002.120.254.7520.15
Sundry debtors5.534.1012.971.303.3523.5236.70
Cash & bank balances0.030.060.290.180.170.050.42
Loans & advances2.031.551.130.651.403.4416.26
Total current assets7.746.2014.394.255.1731.7673.53
Total current liabilities4.495.9716.068.794.6112.9226.76
Net working capital3.250.23(1.67)(4.54)0.5618.8446.77
Total assets5.762.903.0924.2628.8847.7270.36
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.060.290.180.170.040.421.27
Net cash from operating activities(0.88)(0.20)(21.16)2.12(2.05)10.836.45
Net cash from investing activities0.881.8323.86(0.50)2.30(6.91)(4.22)
Net cash from financing activities(0.03)(1.86)(2.60)(1.62)(0.10)(4.29)(3.08)
Net change in cash(0.03)(0.22)0.100.010.14(0.38)(0.85)
Closing cash0.030.060.290.180.170.050.42
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+46.1%+71.2%+275.9%-173.4%-60.3%-65.9%-
EBITDA growth+222.6%+55.5%-0.3%+84.3%-15.7%-190.5%-
PBT growth+3900.0%+9998.0%+27.5%+83.7%-1.5%-126.1%-
Net income growth+227.8%+73.1%-34.7%+84.6%-11.8%-126.1%-
Revenue CAGR (3Y)-+30.2%-20.0%--72.5%-63.0%-42.1%
EBITDA CAGR (3Y)--58.7%-43.3%-19.1%---
Profitability & leverage
Net income margin+30.8%+1.1%-60.7%+147.3%-663.1%-259.6%-39.2%
Return on capital employed--4.5%0.0%0.0%0.0%0.0%-6.5%
Return on net worth--11.2%0.0%0.0%0.0%0.0%-22.5%
Debt / equity-0.000.000.008.161.591.06
Long-term debt / equity-0.000.000.002.720.500.37
Interest cover3.29-7.47-38.53-8.65-1.14-0.61-41.84
Efficiency & per share
Fixed asset turnover-1.951.130.000.180.260.75
Inventory turnover-25.433.430.001.130.570.94
Debtors turnover-0.730.510.000.210.240.58
EPS (₹)1.460.04(1.15)(1.58)(9.72)(9.58)(4.23)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.00(5.27)(5.32)(4.27)(2.69)7.0316.67
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Frequently Asked Questions about Mahip Industries

Mahip Industries was founded in 1995.

Mahip Industries is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

Mahip Industries has 14 employees.

The primary company behind Mahip Industries, Mahip Industries Limited, reported revenue of ₹10.43 Cr for FY 2026, up 46% year on year.

Mahip Industries was established in 1995 in Ahmedabad, India, focusing on the production of corrugated boxes within the packaging sector. Operations involve the creation of standard and customized boxes for industrial applications. The company is led by Managing Director and Chairman Rajeev Agrawal. Its online presence is maintained through the domain mahipindustriesltd.in, supporting distribution across regional markets.

Mahip Industries offers Folding Cartons and Corrugated Rolls.

Yes, Mahip Industries is publicly traded on BSE under the ticker symbol MAHIP.

Mahip Industries operates through Mahip Industries Limited.

The legal entities of Mahip Industries currently have 5 directors, including Rajiv Govindram Agrawal, Praveen Singh, Shivani Jain and others.

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