M&P

Mumbai, India Founded: 1917 • Age: 109 yrs Listed
Distribution and marketing services are provided by MP in India.

About M&P

M&P is a publicly listed company based in Mumbai (India) founded in 1917. Distribution and marketing services are provided by MP in India. The company has 1 employees. Its Indian entity Muller And Phipps (India) Limited reported revenue of ₹6.91 Cr. M&P offers products and services including Industrial Supplies and Network Services.

Company details

MP was founded in 1917 and is headquartered in Mumbai, India. Distribution and marketing services are offered within the logistics and promotional sectors. Operations encompass product supply chain management, market outreach, and client support across domestic markets. The companys domain, mulphico.co.in, facilitates digital interactions. Focus is placed on efficient service delivery to various industries in the region.

  • Headquarters Mumbai, India
  • Employees 1
  • Stage Public
  • Phone
    •••• ••••
  • Website mulphico.co.in
  • Legal Name Muller & Phipps (India) Ltd.
Key Metrics
  • Market Cap
    ₹12.11 Cr

    MULLER · BSE

  • Share Price
    ₹190.00

    -1.96% today

  • Revenue
    ₹5.63 Cr

    FY 2025-26 · -4.9% YoY

  • EBITDA
    −₹1.23 Cr

    Margin -21.9%

  • Net Profit
    −₹0.04 Cr

    FY 2025-26 · +94.7% YoY

  • Employee Count
    1

Products & Services of M&P

M&P offers a comprehensive portfolio of products and services, including Industrial Supplies and Network Services.

Industrial Supplies
Manufacturing Products

Industrial supplies are distributed by Muller & Phipps India Ltd. for various business uses.

Network Services
Operational Services

Network services are provided by Muller & Phipps India Ltd. across multiple Indian cities for supply chain support.

Board of directors of Muller And Phipps (India) Limited (M&P)

Muller And Phipps (India) Limited is the primary company behind M&P. The board of Muller And Phipps (India) Limited currently have 6 directors; the longest-serving is Raymond Simkins, appointed in 1982. 6 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Raymond Simkins
DIN 01573312
Director18 Jul 198244 yrs 3 moMuller And Phipps (India) Limited
Milan Bhupendra Dalal
DIN 00062453
Director31 Jul 200620 yrs 3 moMuller And Phipps (India) Limited
Venu Krishnan
DIN 00006592
Director11 Mar 20197 yrs 8 moMuller And Phipps (India) Limited
Mohan Pallavur Vathukkat
DIN 00195051
Whole-time director10 May 20197 yrs 6 moMuller And Phipps (India) Limited
Adityapuram Venkatraman Seshadrinathan
DIN 00854359
Director appointed in casual vacancy25 Jan 20206 yrs 9 moMuller And Phipps (India) Limited
Hinal Manthan Shah
DIN 10742741
Director12 Aug 20251 yr 2 moMuller And Phipps (India) Limited

IPO & Listings of M&P

M&P is a publicly listed company on the BSE with ticker symbol MULLER in India, operating in the Distribution services 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 date01 Jul 2002
  • Listed onBSE: 501477
  • Listed entityMuller & Phipps (India) Ltd.
  • Exchange sectorDistribution services
  • ISININE003F01015
  • Share price₹204.00 (+4.72% on the day) · 2026-10-14
  • Market capitalisation₹12.2 Cr
  • Price to earnings198.9
  • EPS (diluted, trailing year)₹-10.11
  • Volume (last session)4

Financials of M&P

Exchange-reported figures of Muller And Phipps (India) Limited, the listed company behind M&P (BSE: MULLER).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹5.63 Cr
-4.9% YoY
EBITDA
−₹1.23 Cr
-28.1% YoY
Profit After Tax
−₹0.04 Cr
+94.7% YoY
Net Worth
−₹2.07 Cr
0.0% YoY
Total Assets
₹1.75 Cr
-7.9% YoY
Total Debt
₹0.75 Cr
-8.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue5.635.924.143.913.673.973.62
Revenue growth-4.9%+43.0%+5.9%+6.5%-7.6%+9.7%-
EBITDA(1.23)(0.96)(0.03)0.050.170.250.11
EBITDA margin-21.9%-16.2%-0.7%+1.3%+4.6%+6.3%+3.0%
Profit before tax(0.04)(0.75)0.730.220.441.730.36
Net profit(0.04)(0.75)0.330.220.440.390.36
Net profit margin-0.7%-12.7%+8.0%+5.6%+12.0%+9.8%+9.9%
EPS (₹)(0.76)(12.11)11.653.406.9627.635.63
Balance sheet
Total assets1.751.902.562.092.162.020.59
Net worth(2.07)(2.07)(1.29)(2.02)(2.23)(2.66)(4.35)
Total debt0.750.820.771.041.311.591.86
Cash & bank0.130.120.500.110.250.520.13
Net working capital(1.91)(1.76)(1.08)(1.52)(1.49)(1.51)(3.70)
Cash flow
Cash from operations0.12(0.42)0.720.210.112.160.15
Cash from investing0.00(0.01)(0.02)0.000.00(0.01)(0.03)
Cash from financing(0.11)0.05(0.32)(0.34)(0.38)(1.76)(0.26)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1.481.501.391.820.921.701.511.21
Revenue growth (YoY)+60.9%-11.8%-8.0%+50.4%-38.3%---
Other income0.320.080.060.061.070.070.090.06
EBITDA(0.17)(0.39)(0.43)(0.07)(0.35)(0.52)(0.19)(0.28)
EBITDA margin-11.5%-26.0%-30.9%-3.8%-38.0%-30.6%-12.6%-23.1%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.020.020.020.020.020.020.020.01
Profit before tax0.13(0.33)(0.39)(0.03)0.70(0.47)(0.12)(0.23)
Tax0.000.000.000.000.000.000.000.00
Net profit0.13(0.33)(0.39)(0.03)0.70(0.47)(0.12)(0.23)
EPS (₹)1.83(5.25)(6.18)(0.50)11.16(7.47)(1.92)(3.71)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue5.635.924.143.913.673.973.62
Revenue growth-4.9%+43.0%+5.9%+6.5%-7.6%+9.7%-
EBITDA(1.21)(0.95)(0.02)0.050.180.250.11
EBITDA margin-21.5%-16.1%-0.5%+1.3%+4.9%+6.3%+3.0%
Profit before tax(0.02)(0.74)0.730.210.451.730.34
Net profit(0.02)(0.74)0.330.210.450.390.34
Net profit margin-0.4%-12.5%+8.0%+5.4%+12.3%+9.8%+9.4%
EPS (₹)(0.50)(11.97)11.683.436.9827.655.43
Balance sheet
Total assets1.781.912.572.102.172.040.61
Net worth(2.06)(2.07)(1.30)(2.03)(2.24)(2.67)(4.37)
Total debt0.760.840.791.061.341.621.90
Cash & bank0.130.120.500.110.240.510.12
Net working capital(1.89)(1.75)(1.08)(1.51)(1.49)(1.51)(3.70)
Cash flow
Cash from operations0.13(0.42)0.730.210.112.160.15
Cash from investing0.00(0.01)(0.02)0.000.00(0.01)(0.03)
Cash from financing(0.12)0.05(0.32)(0.34)(0.38)(1.76)(0.26)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1.481.501.391.820.921.701.511.21
Revenue growth (YoY)+60.9%-11.8%-8.0%+50.4%-38.3%---
Other income0.310.080.060.061.070.070.090.06
Total expenses1.651.891.821.881.272.221.701.48
EBITDA(0.17)(0.39)(0.43)(0.06)(0.35)(0.52)(0.19)(0.27)
EBITDA margin-11.5%-26.0%-30.9%-3.3%-38.0%-30.6%-12.6%-22.3%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.020.020.020.020.020.020.020.01
Profit before tax0.12(0.33)(0.39)(0.02)0.70(0.47)(0.12)(0.22)
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1.481.501.391.820.921.701.511.21
Revenue growth (YoY)+60.9%-11.8%-8.0%+50.4%-38.3%---
Other income0.320.080.060.061.070.070.090.06
EBITDA(0.17)(0.39)(0.43)(0.07)(0.35)(0.52)(0.19)(0.28)
EBITDA margin-11.5%-26.0%-30.9%-3.8%-38.0%-30.6%-12.6%-23.1%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.020.020.020.020.020.020.020.01
Profit before tax0.13(0.33)(0.39)(0.03)0.70(0.47)(0.12)(0.23)
Tax0.000.000.000.000.000.000.000.00
Net profit0.13(0.33)(0.39)(0.03)0.70(0.47)(0.12)(0.23)
EPS (₹)1.83(5.25)(6.18)(0.50)11.16(7.47)(1.92)(3.71)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue5.635.924.143.913.673.973.62
Revenue growth-4.9%+43.0%+5.9%+6.5%-7.6%+9.7%-
Other income1.280.280.830.260.381.610.40
Total expenses6.866.884.173.863.503.723.51
Employee cost2.512.381.121.011.001.081.01
EBITDA(1.23)(0.96)(0.03)0.050.170.250.11
EBITDA margin-21.9%-16.2%-0.7%+1.3%+4.6%+6.3%+3.0%
Depreciation0.010.010.010.010.010.010.01
Interest0.080.060.060.080.100.120.14
Profit before tax(0.04)(0.75)0.730.220.441.730.36
Tax0.000.000.000.000.000.000.00
Net profit(0.04)(0.75)0.330.220.440.390.36
Net profit margin-0.7%-12.7%+8.0%+5.6%+12.0%+9.8%+9.9%
EPS (₹)(0.76)(12.11)11.653.406.9627.635.63
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital0.630.630.630.630.630.630.63
Reserves & surplus(2.70)(2.70)(1.92)(2.65)(2.86)(3.29)(4.98)
Shareholders' funds (net worth)(2.07)(2.07)(1.29)(2.02)(2.23)(2.66)(4.35)
Minority interest0.000.000.000.000.000.000.00
Secured loans0.000.000.000.000.000.000.00
Unsecured loans0.750.820.771.041.311.591.86
Total debt0.750.820.771.041.311.591.86
Total liabilities1.751.902.562.092.162.020.59
Assets
Gross block0.970.970.970.950.950.950.94
Net block0.050.060.060.050.060.070.06
Capital work in progress0.000.000.000.000.000.000.00
Investments0.000.000.000.000.000.000.00
Inventories0.160.100.160.170.190.120.14
Sundry debtors1.781.760.830.950.720.490.30
Cash & bank balances0.130.120.500.110.250.520.13
Loans & advances0.160.080.120.130.020.020.02
Total current assets2.232.061.611.361.181.150.59
Total current liabilities4.143.822.692.882.672.664.29
Net working capital(1.91)(1.76)(1.08)(1.52)(1.49)(1.51)(3.70)
Total assets1.751.902.562.092.162.020.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.120.500.110.250.520.130.27
Net cash from operating activities0.12(0.42)0.720.210.112.160.15
Net cash from investing activities0.00(0.01)(0.02)0.000.00(0.01)(0.03)
Net cash from financing activities(0.11)0.05(0.32)(0.34)(0.38)(1.76)(0.26)
Net change in cash0.01(0.38)0.39(0.13)(0.27)0.39(0.14)
Closing cash0.130.120.500.110.250.520.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-4.9%+43.0%+5.9%+6.5%-7.6%+9.7%-
EBITDA growth-28.1%-3100.0%-160.0%-70.6%-32.0%+127.3%-
PBT growth+94.7%-+231.8%-50.0%-74.6%+380.6%+50.0%
Net income growth+94.7%-327.3%+50.0%-50.0%+12.8%+8.3%-
Revenue CAGR (3Y)+12.9%+17.3%+1.4%+2.6%-0.6%+8.1%+1.8%
EBITDA CAGR (3Y)----23.1%-22.8%+132.1%-
Profitability & leverage
Net income margin-0.7%-12.7%+17.6%+5.6%+12.0%+43.6%+9.9%
Return on capital employed0.0%0.0%+5.7%+4.1%+7.2%+6.6%+12.0%
Return on net worth0.0%0.0%+11.5%+7.3%+15.0%+13.5%-38.8%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover-6.45-6.19-150.00200.0062.5050.00140.00
Efficiency & per share
Fixed asset turnover5.806.104.314.123.864.203.91
Inventory turnover43.3145.5425.0921.7223.6830.5434.48
Debtors turnover3.184.574.654.686.0710.0510.20
EPS (₹)(0.76)(12.11)11.653.406.9627.635.63
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)(33.26)(33.24)(20.78)(32.35)(35.68)(42.56)(69.76)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1.481.501.391.820.921.701.511.21
Revenue growth (YoY)+60.9%-11.8%-8.0%+50.4%-38.3%---
Other income0.310.080.060.061.070.070.090.06
Total expenses1.651.891.821.881.272.221.701.48
EBITDA(0.17)(0.39)(0.43)(0.06)(0.35)(0.52)(0.19)(0.27)
EBITDA margin-11.5%-26.0%-30.9%-3.3%-38.0%-30.6%-12.6%-22.3%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.020.020.020.020.020.020.020.01
Profit before tax0.12(0.33)(0.39)(0.02)0.70(0.47)(0.12)(0.22)
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue5.635.924.143.913.673.973.62
Revenue growth-4.9%+43.0%+5.9%+6.5%-7.6%+9.7%-
Other income1.280.280.830.260.381.610.38
Total expenses6.846.874.163.863.493.723.51
Employee cost2.512.381.121.011.001.081.01
EBITDA(1.21)(0.95)(0.02)0.050.180.250.11
EBITDA margin-21.5%-16.1%-0.5%+1.3%+4.9%+6.3%+3.0%
Depreciation0.010.010.010.010.010.010.01
Interest0.080.060.070.090.100.120.14
Profit before tax(0.02)(0.74)0.730.210.451.730.34
Tax0.000.000.000.000.000.000.00
Net profit(0.02)(0.74)0.330.210.450.390.34
Net profit margin-0.4%-12.5%+8.0%+5.4%+12.3%+9.8%+9.4%
EPS (₹)(0.50)(11.97)11.683.436.9827.655.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital0.630.630.630.630.630.630.63
Reserves & surplus(2.69)(2.70)(1.93)(2.66)(2.87)(3.30)(5.00)
Shareholders' funds (net worth)(2.06)(2.07)(1.30)(2.03)(2.24)(2.67)(4.37)
Secured loans0.000.000.000.000.000.000.00
Unsecured loans0.760.840.791.061.341.621.90
Total debt0.760.840.791.061.341.621.90
Total liabilities--2.572.102.172.040.61
Assets
Gross block0.970.970.970.950.950.950.94
Net block0.050.060.060.050.060.070.07
Capital work in progress0.000.000.000.000.000.000.00
Investments0.010.010.010.010.010.010.01
Inventories0.160.100.160.170.190.120.14
Sundry debtors1.781.760.830.950.720.490.30
Cash & bank balances0.130.120.500.110.240.510.12
Loans & advances0.160.080.120.130.020.010.02
Total current assets2.232.061.611.361.171.130.58
Total current liabilities4.123.812.692.872.662.644.28
Net working capital(1.89)(1.75)(1.08)(1.51)(1.49)(1.51)(3.70)
Total assets1.781.912.572.102.172.040.61
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.120.500.110.240.510.120.26
Net cash from operating activities0.13(0.42)0.730.210.112.160.15
Net cash from investing activities0.00(0.01)(0.02)0.000.00(0.01)(0.03)
Net cash from financing activities(0.12)0.05(0.32)(0.34)(0.38)(1.76)(0.26)
Net change in cash0.01(0.38)0.39(0.13)(0.27)0.39(0.14)
Closing cash0.130.120.500.110.240.510.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-4.9%+43.0%+5.9%+6.5%-7.6%+9.7%-
EBITDA growth-27.4%-4650.0%-140.0%-72.2%-28.0%+127.3%-
PBT growth+97.3%-+247.6%-53.3%-74.0%+408.8%+36.0%
Net income growth+97.3%-324.2%+57.1%-53.3%+15.4%+14.7%-
Revenue CAGR (3Y)+12.9%+17.3%+1.4%+2.6%-0.6%+8.1%+1.8%
EBITDA CAGR (3Y)----23.1%-22.7%+102.7%-
Profitability & leverage
Net income margin-0.4%-12.5%+17.6%+5.4%+12.3%+43.6%+9.4%
Return on capital employed0.0%0.0%+5.8%+4.2%+11.6%+38.4%+11.6%
Return on net worth0.0%0.0%+11.5%+7.3%+419.1%-11.1%-37.6%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover-6.56-6.25-233.33225.0058.8250.00140.00
Efficiency & per share
Fixed asset turnover5.806.104.314.123.864.203.91
Inventory turnover43.3145.5425.0921.7223.6830.5434.48
Debtors turnover3.184.574.654.686.0710.0510.20
EPS (₹)(0.50)(11.97)11.683.436.9827.655.43
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)(33.03)(33.26)(20.94)(32.54)(35.90)(42.81)(70.02)
Upgrade to premium

Unlock complete access to The Company Check

Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.

Upgrade to Premium No viewing limits. Your plan controls exports and screening usage.
Included in your Premium account
  • ✓
    Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
  • ✓
    Full access to every database India & global coverage, advanced filters and rich profile details
  • ✓
    Always-on access from your team account Single premium plan for everything you see on the portal

Related news about M&P

Premium access

Complete news archive for MP

Full article history, source details, and older brand coverage require an active premium plan.

  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

Verified entity values are shown only after access is granted.

Frequently Asked Questions about M&P

M&P was founded in 1917.

M&P is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

The primary company behind M&P, Muller And Phipps (India) Limited, reported revenue of ₹6.91 Cr for FY 2026, down 5% year on year.

MP was founded in 1917 and is headquartered in Mumbai, India. Distribution and marketing services are offered within the logistics and promotional sectors. Operations encompass product supply chain management, market outreach, and client support across domestic markets. The companys domain, mulphico.co.in, facilitates digital interactions. Focus is placed on efficient service delivery to various industries in the region.

M&P offers Industrial Supplies and Network Services.

Yes, M&P is publicly traded on BSE under the ticker symbol MULLER.

M&P operates through Muller And Phipps (India) Limited.

The legal entities of M&P currently have 8 directors, including Mohan Pallavur Vathukkat, Milan Bhupendra Dalal, Raymond Simkins and others.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available