About Mehul Colours
Mehul Colours is a publicly listed company based in India. Colour Masterbatch - Black Masterbatch - White Masterbatch - Additive Masterbatch - Masterbatch Manufacturers Exporters Mumbai India. The company has 20 employees. Its Indian entity Mehul Colours Limited reported revenue of ₹31.81 Cr. Its focus areas include Chemicals and Materials and Materials Distributors.
Company details
Masterbatches including colour, black, white, and additive variants are produced by Mehul Colours in the plastics industry. Operations are based in Mumbai, India, with exports handled to international markets. Focus is placed on providing these materials for polymer applications. The companys website at mehulcolours.com is maintained to outline its profile and product offerings. No founding year is specified in available records.
- Headquarters India
- Employees 20
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Website mehulcolours.com
- Legal Name Mehul Colours Ltd.
- Market Cap₹47.58 Cr
MEHUL · BSE
- Share Price₹42.60
-5.54% today
- Revenue₹30.40 Cr
FY 2025-26 · +33.2% YoY
- EBITDA₹6.03 Cr
Margin 19.8%
- Net Profit₹5.23 Cr
FY 2025-26 · -4.6% YoY
- P/E (TTM)10.1x
P/B 1.2x
- Employee Count20
Associated legal entities of Mehul Colours
Mehul Colours is associated with 2 registered companies on The Company Check; the primary company is Mehul Colours 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 |
|---|---|---|---|---|---|---|---|
| Mehul Colours Limited Listed CIN L25209MH1995PLC095225 | Active | 12 Dec 1995 | Mumbai, Maharashtra | ₹31.8 Cr | 20 | 8 | View details |
| Mehul Colours And Masterbatches Private Limited CIN U25209MH1995PTC095225 | 12 Dec 1995 | Mumbai, Maharashtra, India | View details |
Board of directors of Mehul Colours Limited (Mehul Colours)
Mehul Colours Limited is the primary company behind Mehul Colours. The board of Mehul Colours Limited currently have 6 directors; the longest-serving is Mehul Pravinchandra Joshi, appointed in 2001. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mehul Pravinchandra Joshi DIN 00178766 | Managing Director | 01 Feb 2001 | 25 yrs 9 mo | Mehul Colours Limited |
| Bhakti Mehul Joshi DIN 02376755 | Whole-time director | 01 Apr 2009 | 17 yrs 7 mo | Mehul Colours Limited |
| Khyati Chetan Gandhi DIN 02781483 | Director | 12 Mar 2025 | 1 yr 8 mo | Mehul Colours Limited |
| Jyoti Abhay Jain DIN 07921550 | Director | 12 Mar 2025 | 1 yr 8 mo | Mehul Colours Limited |
| Hiral Rasikbhai Joshi DIN 10998386 | Director | 12 Mar 2025 | 1 yr 8 mo | Mehul Colours Limited |
| Tejas Harish Joshi DIN 11917872 | Additional Director | 05 Sep 2026 | 2 mo | Mehul Colours Limited |
IPO & Listings of Mehul Colours
Mehul Colours is a publicly listed company on the BSE with ticker symbol MEHUL 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 date06 Aug 2025
- Listed onBSE: 544472
- Listed entityMehul Colours Ltd.
- Exchange sectorProcess industries
- ISININE1KH601014
- Share price₹49.61 (-0.52% on the day) · 2026-10-14
- Market capitalisation₹52.6 Cr
- Price to earnings10.0
- EPS (diluted, trailing year)₹4.95
- Volume (last session)4,800
Financials of Mehul Colours
Exchange-reported figures of Mehul Colours Limited, the listed company behind Mehul Colours (BSE: MEHUL).
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 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 30.40 | 22.82 | 21.94 | 21.18 | 20.26 |
| Revenue growth | +33.2% | +4.0% | +3.6% | +4.5% | - |
| EBITDA | 6.03 | 6.91 | 4.01 | 4.19 | 2.15 |
| EBITDA margin | +19.8% | +30.3% | +18.3% | +19.8% | +10.6% |
| Profit before tax | 7.04 | 7.40 | 4.35 | 4.09 | 1.96 |
| Net profit | 5.23 | 5.48 | 3.17 | 2.95 | 1.47 |
| Net profit margin | +17.2% | +24.0% | +14.5% | +13.9% | +7.3% |
| EPS (₹) | 4.95 | 7.30 | 110.97 | 101.37 | 49.85 |
| Balance sheet | |||||
| Total assets | 43.66 | 17.41 | 12.23 | 8.64 | 6.09 |
| Net worth | 41.27 | 17.06 | 11.56 | 8.36 | 5.42 |
| Total debt | 1.96 | 0.00 | 0.36 | 0.00 | 0.37 |
| Cash & bank | 14.33 | 1.29 | 2.07 | 1.06 | 0.07 |
| Net working capital | 23.78 | 7.78 | 6.01 | 4.15 | 4.84 |
| Cash flow | |||||
| Cash from operations | 0.19 | 1.91 | 2.09 | 4.69 | 0.07 |
| Cash from investing | (8.08) | (2.30) | (1.42) | (3.29) | (0.07) |
| Cash from financing | 20.93 | (0.39) | 0.33 | (0.41) | 0.02 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 30.40 | 22.82 | 21.94 | 21.18 | 20.26 |
| Revenue growth | +33.2% | +4.0% | +3.6% | +4.5% | - |
| Other income | 1.41 | 0.89 | 0.72 | 0.19 | 0.11 |
| Total expenses | 24.37 | 15.91 | 17.93 | 16.99 | 18.11 |
| Employee cost | 0.00 | 1.31 | 1.05 | 0.95 | 0.74 |
| EBITDA | 6.03 | 6.91 | 4.01 | 4.19 | 2.15 |
| EBITDA margin | +19.8% | +30.3% | +18.3% | +19.8% | +10.6% |
| Depreciation | 0.38 | 0.35 | 0.32 | 0.23 | 0.24 |
| Interest | 0.02 | 0.05 | 0.06 | 0.06 | 0.06 |
| Profit before tax | 7.04 | 7.40 | 4.35 | 4.09 | 1.96 |
| Tax | 1.81 | 1.90 | 1.13 | 1.16 | 0.49 |
| Net profit | 5.23 | 5.48 | 3.17 | 2.95 | 1.47 |
| Net profit margin | +17.2% | +24.0% | +14.5% | +13.9% | +7.3% |
| EPS (₹) | 4.95 | 7.30 | 110.97 | 101.37 | 49.85 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 10.55 | 7.54 | 0.29 | 0.29 | 0.29 |
| Reserves & surplus | 30.72 | 9.52 | 11.27 | 8.07 | 5.13 |
| Shareholders' funds (net worth) | 41.27 | 17.06 | 11.56 | 8.36 | 5.42 |
| Secured loans | 1.96 | 0.00 | 0.36 | 0.00 | 0.37 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 1.96 | 0.00 | 0.36 | 0.00 | 0.37 |
| Total liabilities | 43.66 | 17.41 | 12.23 | 8.64 | 6.09 |
| Assets | |||||
| Gross block | 6.58 | 4.57 | 3.64 | 3.15 | 2.80 |
| Net block | 3.96 | 2.03 | 1.31 | 0.93 | 0.81 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 12.47 | 6.39 | 4.43 | 3.09 | 0.00 |
| Inventories | 2.34 | 2.08 | 1.84 | 1.46 | 1.05 |
| Sundry debtors | 7.96 | 5.55 | 3.39 | 3.88 | 6.79 |
| Cash & bank balances | 14.33 | 1.29 | 2.07 | 1.06 | 0.07 |
| Loans & advances | 0.70 | 0.41 | 0.36 | 0.24 | 0.36 |
| Total current assets | 25.33 | 9.33 | 7.66 | 6.64 | 8.27 |
| Total current liabilities | 1.55 | 1.55 | 1.65 | 2.49 | 3.43 |
| Net working capital | 23.78 | 7.78 | 6.01 | 4.15 | 4.84 |
| Total assets | 43.66 | 17.41 | 12.23 | 8.64 | 6.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 1.29 | 2.07 | 1.06 | 0.07 | 0.05 |
| Net cash from operating activities | 0.19 | 1.91 | 2.09 | 4.69 | 0.07 |
| Net cash from investing activities | (8.08) | (2.30) | (1.42) | (3.29) | (0.07) |
| Net cash from financing activities | 20.93 | (0.39) | 0.33 | (0.41) | 0.02 |
| Net change in cash | 13.04 | (0.78) | 1.01 | 0.99 | 0.02 |
| Closing cash | 14.33 | 1.29 | 2.07 | 1.06 | 0.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +33.2% | +4.0% | +3.6% | +4.5% | - |
| EBITDA growth | -12.7% | +72.3% | -4.3% | +94.9% | - |
| PBT growth | -4.9% | +70.1% | +6.4% | +108.7% | +9997.0% |
| Net income growth | -4.6% | +72.9% | +7.5% | +100.7% | - |
| Revenue CAGR (3Y) | +12.8% | +4.1% | - | - | - |
| EBITDA CAGR (3Y) | +12.9% | +47.6% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +17.2% | +24.1% | +14.7% | +13.8% | +7.3% |
| Return on capital employed | - | +50.3% | +42.3% | +56.5% | +32.8% |
| Return on net worth | - | +38.4% | +32.3% | +42.7% | +26.8% |
| Debt / equity | - | 0.01 | 0.02 | 0.03 | 0.07 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.35 | 0.76 | 1.63 | 1.52 | 3.14 |
| Efficiency & per share | |||||
| Fixed asset turnover | - | 5.56 | 6.46 | 7.12 | 7.24 |
| Inventory turnover | - | 11.64 | 13.30 | 16.88 | 19.30 |
| Debtors turnover | - | 5.11 | 6.04 | 3.97 | 2.98 |
| EPS (₹) | 4.95 | 7.30 | 110.97 | 101.37 | 49.85 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 22.62 | 398.52 | 288.19 | 186.83 |
Top companies in Materials Distribution & Associations
2 companies that operate in the same segment as Mehul Colours (Materials Distribution & Associations) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
International trader and distributor of chemicals, petrochemicals, polymers, and paper products | 1985 | Mumbai, Maharashtra, India | USD 331.79 M | 9 | ||
Plastic raw materials are distributed to automobile manufacturers. | 2003 | Gurugram, Haryana, India | USD 47.07 M |
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Frequently Asked Questions about Mehul Colours
Mehul Colours is headquartered in India.
Mehul Colours has 20 employees.
The primary company behind Mehul Colours, Mehul Colours Limited, reported revenue of ₹31.81 Cr for FY 2026, up 33% year on year.
Masterbatches including colour, black, white, and additive variants are produced by Mehul Colours in the plastics industry. Operations are based in Mumbai, India, with exports handled to international markets. Focus is placed on providing these materials for polymer applications. The companys website at mehulcolours.com is maintained to outline its profile and product offerings. No founding year is specified in available records.
Yes, Mehul Colours is publicly traded on BSE under the ticker symbol MEHUL.
Mehul Colours operates through Mehul Colours Limited.
The legal entities of Mehul Colours currently have 8 directors, including Mehul Pravinchandra Joshi, Bhakti Mehul Joshi, Shilpa Karan Mehta and others.