About MCON Rasayan
MCON Rasayan is a publicly listed company based in Mumbai (India) founded in 2016. Manufacturer of construction chemicals. The company has 44 employees. Its Indian entity Mcon Rasayan India Limited reported revenue of ₹65.37 Cr. MCON Rasayan offers products and services including Concrete Admixtures, Tile Adhesives, Waterproofing Coatings, Anti-Corrosive Coating, and Ready Mix Mortar. Its focus areas include Real Estate and Construction, Building Materials, Construction Materials and Chemicals. Similar companies include Asian Paints, Kansai Nerolac and Pidilite.
Company details
MCON Rasayan, led by Mahesh Bhanushali as Managing Director, specializes in real estate and construction, supplying building materials, construction materials, and chemicals. Manufacturer of construction chemicals. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
- Headquarters Mumbai, India
- Employees 44
- Stage Public
- SectorsReal Estate & Construction
- Website mconrasayan.com
- Social LinkedIn Facebook Instagram
- Legal Name Mcon Rasayan India Ltd.
- Market Cap₹28.24 Cr
MCON-SM · NSE
- Share Price₹38.50
0.00% today
- Revenue₹65.24 Cr
FY 2025-26 · +28.6% YoY
- EBITDA₹7.64 Cr
Margin 11.7%
- Net Profit₹3.04 Cr
FY 2025-26 · +32.8% YoY
- P/E (TTM)9.7x
P/B 0.8x
- ROE8.8%
ROCE 11.0%
- Debt / Equity0.54
Interest cover 30.6x
- Employee Count44
Associated legal entities of MCON Rasayan
MCON Rasayan is associated with 2 registered companies on The Company Check; the primary company is Mcon Rasayan India Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mcon Rasayan India Limited Listed CIN L24304MH2016PLC286140 | Active | 22 Sep 2016 | Mumbai, Maharashtra | ₹65.4 Cr | 44 | 10 | View details |
| Mcon Rasayan India Limited CIN U24304MH2016PLC286140 | 22 Sep 2016 | View details |
Products & Services of MCON Rasayan
MCON Rasayan offers a comprehensive portfolio of products and services, including Concrete Admixtures, Tile Adhesives, Waterproofing Coatings, Anti-Corrosive Coating, and Ready Mix Mortar.
Chemicals to enhance concrete properties for waterproofing and durability
Ready-to-use products for tile installation in construction
Systems to protect structures from water infiltration
Products for corrosion resistance in industrial applications
Pre-mixed materials for wall finishing and repairs
Board of directors of Mcon Rasayan India Limited (MCON Rasayan)
Mcon Rasayan India Limited is the primary company behind MCON Rasayan. The board of Mcon Rasayan India Limited currently have 8 directors; the longest-serving is Mahesh Ravji Bhanushali, appointed in 2022. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mahesh Ravji Bhanushali DIN 07585072 | Managing Director | 19 Dec 2022 | 3 yrs 10 mo | Mcon Rasayan India Limited |
| Puja Mahesh Bhanushali DIN 07586657 | Director | 19 Dec 2022 | 3 yrs 10 mo | Mcon Rasayan India Limited |
| Chetan Ravji Bhanushali DIN 09341600 | Whole-time director | 19 Dec 2022 | 3 yrs 10 mo | Mcon Rasayan India Limited |
| Nandan Dilip Pradhan DIN 09828134 | Whole-time director | 19 Dec 2022 | 3 yrs 10 mo | Mcon Rasayan India Limited |
| Tapas Bimal Majumdar DIN 07609937 | Director | 19 Dec 2022 | 3 yrs 10 mo | Mcon Rasayan India Limited |
| Sonal Alok Doshi DIN 03434461 | Director | 19 Dec 2022 | 3 yrs 10 mo | Mcon Rasayan India Limited |
| Dilip Mangilal Jain DIN 03569547 | Director | 19 Dec 2022 | 3 yrs 10 mo | Mcon Rasayan India Limited |
| Dhara Haresh Thakkar DIN 09785362 | Director | 19 Dec 2022 | 3 yrs 10 mo | Mcon Rasayan India Limited |
People of MCON Rasayan
1 people are tracked at MCON Rasayan (1 in leadership); the tracked headcount is 44.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership |
Complete people profiles for MCON Rasayan
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- Full employee list
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IPO & Listings of MCON Rasayan
MCON Rasayan is a publicly listed company on the NSE with ticker symbol MCON in India, operating in the Non-energy minerals 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 date20 Mar 2023
- Listed onNSE: MCON
- Listed entityMCON Rasayan India Ltd.
- Exchange sectorNon-energy minerals
- ISININE0O4M01019
- Share price₹40.45 (+1.63% on the day) · 2026-10-14
- Market capitalisation₹29.2 Cr
- Price to earnings9.7
- EPS (diluted, trailing year)₹4.15
- Volume (last session)2,000
Financials of MCON Rasayan
Exchange-reported figures of Mcon Rasayan India Limited, the listed company behind MCON Rasayan (NSE: MCON-SM).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 65.24 | 50.75 | 42.13 | 31.05 | 19.22 | 8.98 | 8.97 |
| Revenue growth | +28.6% | +20.5% | +35.7% | +61.6% | +114.0% | +0.1% | - |
| EBITDA | 7.64 | 5.86 | 5.30 | 2.67 | 1.43 | 0.93 | 0.74 |
| EBITDA margin | +11.7% | +11.6% | +12.6% | +8.6% | +7.4% | +10.4% | +8.3% |
| Profit before tax | 4.15 | 2.70 | 3.13 | 1.52 | 0.69 | 0.27 | 0.12 |
| Net profit | 3.04 | 2.29 | 2.23 | 1.12 | 0.50 | 0.20 | 0.09 |
| Net profit margin | +4.7% | +4.5% | +5.3% | +3.6% | +2.6% | +2.2% | +1.0% |
| EPS (₹) | 4.15 | 3.10 | 3.56 | 1.80 | 3.30 | 1.25 | 0.89 |
| Balance sheet | |||||||
| Total assets | 54.49 | 52.82 | 32.02 | 22.15 | 9.81 | 5.39 | 4.43 |
| Net worth | 36.25 | 33.18 | 15.65 | 13.37 | 2.40 | 1.78 | 1.21 |
| Total debt | 18.17 | 19.64 | 15.96 | 8.47 | 7.40 | 3.47 | 3.22 |
| Cash & bank | 0.48 | 1.40 | 0.70 | 0.28 | 0.09 | 0.05 | 0.06 |
| Net working capital | 38.49 | 36.68 | 16.34 | 13.09 | 7.15 | 3.92 | 2.98 |
| Cash flow | |||||||
| Cash from operations | 4.09 | (14.12) | 3.93 | (5.26) | (1.97) | (0.02) | (0.04) |
| Cash from investing | (1.79) | (2.04) | (9.47) | (4.68) | (1.49) | (0.29) | (0.11) |
| Cash from financing | (3.23) | 16.85 | 5.97 | 10.12 | 3.50 | 0.34 | 0.13 |
| Particulars | Sep 2022 | Jun 2022 |
|---|---|---|
| Revenue | 6.50 | 6.54 |
| Other income | 0.00 | 0.00 |
| Total expenses | 5.67 | 5.99 |
| EBITDA | 0.83 | 0.55 |
| EBITDA margin | +12.8% | +8.4% |
| Depreciation | 0.13 | 0.08 |
| Interest | 0.12 | 0.16 |
| Profit before tax | 0.58 | 0.31 |
| Tax | 0.15 | 0.09 |
Financial Statements
| Particulars | Sep 2022 | Jun 2022 |
|---|---|---|
| Revenue | 6.50 | 6.54 |
| Other income | 0.00 | 0.00 |
| Total expenses | 5.67 | 5.99 |
| EBITDA | 0.83 | 0.55 |
| EBITDA margin | +12.8% | +8.4% |
| Depreciation | 0.13 | 0.08 |
| Interest | 0.12 | 0.16 |
| Profit before tax | 0.58 | 0.31 |
| Tax | 0.15 | 0.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 65.24 | 50.75 | 42.13 | 31.05 | 19.22 | 8.98 | 8.97 |
| Revenue growth | +28.6% | +20.5% | +35.7% | +61.6% | +114.0% | +0.1% | - |
| Other income | 0.13 | 0.69 | 0.42 | 0.01 | 0.01 | 0.02 | 0.00 |
| Total expenses | 57.60 | 44.89 | 36.83 | 28.38 | 17.79 | 8.05 | 8.23 |
| Employee cost | 9.31 | 7.93 | 4.49 | 3.20 | 1.94 | 1.34 | 1.61 |
| EBITDA | 7.64 | 5.86 | 5.30 | 2.67 | 1.43 | 0.93 | 0.74 |
| EBITDA margin | +11.7% | +11.6% | +12.6% | +8.6% | +7.4% | +10.4% | +8.3% |
| Depreciation | 1.85 | 1.85 | 1.07 | 0.38 | 0.32 | 0.28 | 0.30 |
| Interest | 1.77 | 2.00 | 1.52 | 0.78 | 0.43 | 0.40 | 0.32 |
| Profit before tax | 4.15 | 2.70 | 3.13 | 1.52 | 0.69 | 0.27 | 0.12 |
| Tax | 1.11 | 0.41 | 0.89 | 0.40 | 0.19 | 0.07 | 0.03 |
| Net profit | 3.04 | 2.29 | 2.23 | 1.12 | 0.50 | 0.20 | 0.09 |
| Net profit margin | +4.7% | +4.5% | +5.3% | +3.6% | +2.6% | +2.2% | +1.0% |
| EPS (₹) | 4.15 | 3.10 | 3.56 | 1.80 | 3.30 | 1.25 | 0.89 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 7.34 | 7.33 | 6.30 | 6.30 | 1.50 | 1.50 | 1.01 |
| Reserves & surplus | 28.91 | 25.85 | 9.35 | 7.07 | 0.90 | 0.28 | 0.20 |
| Shareholders' funds (net worth) | 36.25 | 33.18 | 15.65 | 13.37 | 2.40 | 1.78 | 1.21 |
| Secured loans | 17.52 | 19.37 | 15.39 | 6.81 | 5.52 | 2.99 | 1.40 |
| Unsecured loans | 0.65 | 0.27 | 0.57 | 1.66 | 1.88 | 0.48 | 1.82 |
| Total debt | 18.17 | 19.64 | 15.96 | 8.47 | 7.40 | 3.47 | 3.22 |
| Total liabilities | 54.49 | 52.82 | 32.02 | 22.15 | 9.81 | 5.39 | 4.43 |
| Assets | |||||||
| Gross block | 21.65 | 19.51 | 12.46 | 8.42 | 2.58 | 2.25 | 1.95 |
| Net block | 15.27 | 14.98 | 9.78 | 1.12 | 1.35 | 1.29 | 1.31 |
| Capital work in progress | 0.07 | 0.42 | 5.43 | 5.69 | 1.17 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 29.92 | 28.96 | 11.21 | 6.56 | 4.33 | 2.41 | 1.37 |
| Sundry debtors | 29.48 | 22.59 | 17.04 | 10.27 | 5.16 | 3.61 | 3.15 |
| Cash & bank balances | 0.48 | 1.40 | 0.70 | 0.28 | 0.09 | 0.05 | 0.06 |
| Loans & advances | 0.84 | 1.81 | 0.97 | 4.14 | 2.20 | 0.78 | 1.75 |
| Total current assets | 60.72 | 54.76 | 29.92 | 21.25 | 11.78 | 6.85 | 6.33 |
| Total current liabilities | 22.23 | 18.08 | 13.58 | 8.16 | 4.63 | 2.93 | 3.35 |
| Net working capital | 38.49 | 36.68 | 16.34 | 13.09 | 7.15 | 3.92 | 2.98 |
| Total assets | 54.49 | 52.82 | 32.02 | 22.15 | 9.81 | 5.39 | 4.43 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.40 | 0.70 | 0.28 | 0.09 | 0.05 | 0.03 | 0.08 |
| Net cash from operating activities | 4.09 | (14.12) | 3.93 | (5.26) | (1.97) | (0.02) | (0.04) |
| Net cash from investing activities | (1.79) | (2.04) | (9.47) | (4.68) | (1.49) | (0.29) | (0.11) |
| Net cash from financing activities | (3.23) | 16.85 | 5.97 | 10.12 | 3.50 | 0.34 | 0.13 |
| Net change in cash | (0.92) | 0.70 | 0.42 | 0.19 | 0.03 | 0.03 | (0.02) |
| Closing cash | 0.48 | 1.40 | 0.70 | 0.28 | 0.09 | 0.05 | 0.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +28.6% | +20.5% | +35.7% | +61.6% | +114.0% | +0.1% | - |
| EBITDA growth | +30.4% | +10.6% | +98.5% | +86.7% | +53.8% | +25.7% | - |
| PBT growth | +53.7% | -13.7% | +105.9% | +120.3% | +155.6% | +125.0% | -7.7% |
| Net income growth | +32.8% | +2.7% | +99.1% | +124.0% | +150.0% | +122.2% | - |
| Revenue CAGR (3Y) | +28.1% | +38.2% | +67.4% | +51.3% | +40.2% | - | - |
| EBITDA CAGR (3Y) | +42.0% | +60.0% | +78.6% | +53.4% | +37.5% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +4.7% | +4.5% | +5.3% | +3.6% | +2.6% | +2.2% | +1.0% |
| Return on capital employed | +11.0% | +11.0% | +17.2% | +14.5% | +14.9% | +13.5% | +11.2% |
| Return on net worth | +8.8% | +9.3% | +15.4% | +14.5% | +23.9% | +13.2% | +9.9% |
| Debt / equity | 0.54 | 0.73 | 0.84 | 1.01 | 2.60 | 2.31 | 3.30 |
| Long-term debt / equity | 0.15 | 0.23 | 0.30 | 0.36 | 0.85 | 0.97 | 1.58 |
| Interest cover | 30.57 | 49.88 | 35.93 | 34.06 | 38.74 | 61.54 | 72.73 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.17 | 3.17 | 4.04 | 5.65 | 7.96 | 4.28 | 4.73 |
| Inventory turnover | 2.22 | 2.53 | 4.74 | 5.70 | 5.70 | 4.75 | 7.87 |
| Debtors turnover | 2.51 | 2.56 | 3.09 | 4.02 | 4.38 | 2.66 | 1.92 |
| EPS (₹) | 4.15 | 3.10 | 3.56 | 1.80 | 3.30 | 1.25 | 0.89 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.00 |
| Book value per share (₹) | 49.41 | 45.27 | 24.84 | 21.22 | 16.00 | 11.89 | 11.98 |
Similar companies to MCON Rasayan
MCON Rasayan has 3 listed similar companies in our database. They include Asian Paints, Kansai Nerolac and Pidilite.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| asianpaints.com | 1942 | Mumbai, India | 9,482 | Industrial and decorative paints are manufactured along with related solutions. | ||
| nerolac.com | 1920 | Mumbai, India | 4,107 | Industrial and decorative paints are manufactured by Kansai Nerolac. | ||
| pidilite.com | 1959 | Mumbai, India | 58 | Adhesives and sealants are manufactured by Pidilite in India. |
Detailed similar companies of MCON Rasayan
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Web traffic of MCON Rasayan
The website of MCON Rasayan (mconrasayan.com) receives about 8.4K visits a month.
- Monthly visits8.4K
▲ 271.3% vs previous month
Top companies in Building Materials
3 companies that operate in the same segment as MCON Rasayan (Building Materials) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of cement, gypsum plaster, tile adhesives, and wood finishing products | 1975 | Kanpur, Uttar Pradesh, India | USD 1.44 B | 11,790 | ||
Industrial and decorative paints are manufactured along with related solutions. | 1942 | Mumbai, Maharashtra, India | USD 3.79 B | 33,600 | ||
Specializes in designing and manufacturing aesthetically pleasing bathroom solutions | 1960 | Gurugram, Haryana, India |
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Frequently Asked Questions about MCON Rasayan
MCON Rasayan was founded in 2016.
MCON Rasayan is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
MCON Rasayan has 44 employees.
The primary company behind MCON Rasayan, Mcon Rasayan India Limited, reported revenue of ₹65.37 Cr for FY 2026, up 29% year on year.
MCON Rasayan, led by Mahesh Bhanushali as Managing Director, specializes in real estate and construction, supplying building materials, construction materials, and chemicals. Manufacturer of construction chemicals. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
MCON Rasayan's top competitors include Asian Paints, Kansai Nerolac and Pidilite.
MCON Rasayan offers Concrete Admixtures, Tile Adhesives, Waterproofing Coatings, Anti-Corrosive Coating, and Ready Mix Mortar.
Yes, MCON Rasayan is publicly traded on NSE under the ticker symbol MCON.
MCON Rasayan operates through Mcon Rasayan India Limited.
The legal entities of MCON Rasayan currently have 10 directors, including Mahesh Ravji Bhanushali, Puja Mahesh Bhanushali, Chetan Ravji Bhanushali and others.