Madhuveer Com 18 Network Limited - art in Ahmedabad, Gujarat, India. FY 2026 financials and compliance.
CIN L93000GJ1995PLC026244 Incorporated 07 June 1995 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - BSE: 531910 Public Limited Company art
Data last updated
Revenue · FY 2026
₹24.01 Cr
▲ 446.73% YoY
EBITDA · FY 2026
₹10.72 Cr
▲ 1401.41% YoY
Net profit · FY 2026
₹5.62 Cr
▲ 438.42% YoY
Authorised capital
₹36 Cr
Registered with MCA
Paid-up capital
₹25.48 Cr
Issued & subscribed
Open charges
None
Secured borrowings
Company age
31 yrs
Est. 1995
Last financials
Mar 2025
Balance sheet date

About Madhuveer Com 18 Network Limited

Data last updated: 07 March 2026

Madhuveer Com 18 Network Limited is a public limited company based in Ahmedabad, Gujarat, India. It specialises in creative, a part of the broader art and creative services sector. Incorporated on 07 June 1995, the company has been in operation for over 31 years.

Registered with ROC Ahmedabad under CIN L93000GJ1995PLC026244. Listed on BSE: 531910.

Capital: an authorised share capital of ₹36 Cr and a paid-up capital of ₹25.48 Cr. It is led by directors including Sonal Deepalbhai Gandhi and Dipankar Bhuvneshwar Mahto.

Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: Office No. 812 Anand Mangal – 3 Opp Core House Nr. Hirabag Nr. Rajnagar Club Ambavadi, Ahmedabad, Gujarat, India – 380015.

As per the financials filed for FY 2025, the company reported a revenue of ₹5.92 Cr, a decline of 15% compared to the previous year.

Its group structure includes 1 subsidiary.

The company is associated with 1 brand - Toheal Pharmachem.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tohealpharmachem.com.

Company Details of Madhuveer Com 18 Network Limited
CIN L93000GJ1995PLC026244
Registration Number 026244
Incorporation Date 07 June 1995
ROC Ahmedabad
Listing Status Listed (BSE: 531910)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Social Media
    **************
  • Registered Address
    Office No. 812 Anand Mangal – 3 Opp Core House Nr. Hirabag Nr. Rajnagar Club Ambavadi, Ahmedabad, Gujarat, India – 380015
  • Industry
    Art, Creative, Arts And Entertainment Activities
Company report
Madhuveer Com 18 Network Limited - full intelligence report
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Financials, compliance, directors, charges, ownership and filings for Madhuveer Com 18 Network Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Madhuveer Com 18 Network Limited

Madhuveer Com 18 Network Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L93000GJ1995PLC026244, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L93000GJ1995PLC026244 Current
U24230GJ1995PLC026244 Previous
L24230GJ1995PLC026244 Previous

Associated Brands with Madhuveer Com 18 Network Limited

Madhuveer Com 18 Network Limited operates one associated brand: Toheal Pharmachem. These brands represent Madhuveer Com 18 Network Limited's diversified market presence and brand portfolio.

Brand Description Website
Active pharmaceutical ingredients, intermediates, and formulations are marketed across India. tohealpharmachem.com

Competitors & Alternatives of Madhuveer Com 18 Network Limited

Brands and companies operating in the same space as Madhuveer Com 18 Network Limited include Concord Biotech, BDR Pharmaceuticals Internationals, Almac Group and 7 more.

Competitor Description Location Founded
Concord Biotech Concord Biotech APIs and enzymes are manufactured through fermentation by the CDMO. Ahmedabad, India, India 2000
BDR Pharmaceuticals Internationals BDR Pharmaceuticals Internationals APIs and finished products are developed and manufactured. Mumbai, India, India 2003
Almac Group Almac Group Integrated CDMO services for biopharma R&D and manufacturing are offered. Craigavon, United Kingdom, United Kingdom 2001
Indoco Remedies Indoco Remedies APIs manufacturing and formulation services are provided in therapeutic segments. Mumbai, India, India 1947
Pharmaceutics International Pharmaceutics International Pharmaceutical dosage forms are manufactured by this CDMO. Hunt Valley, United States, United States 1994
Aurobindo Pharma Aurobindo Pharma Generic biocatalytic solutions are provided for pharmaceutical applications. Hyderabad, India, India 1986
Seqens Seqens Contract manufacturing services for small molecules and peptides are provided. Ecully, France, France 2003
Asymchem Asymchem APIs and peptides are developed and manufactured by Asymchem. Morrisville, United States, United States 1995
Aptuit Aptuit Contract research and development services for small molecules are offered. Greenwich, United States, United States 2004
Continuus Pharma Continuus Pharma MIT-Novartis spinoff offering continuous manufacturing solutions to remove the proverbial wall between API and FDF manufacturing in small molecule development Woburn, United States, United States 2012

Business Activity of Madhuveer Com 18 Network Limited

Madhuveer Com 18 Network Limited is engaged in the principal business activity of arts, entertainment and recreation, with detailed activities including creative, arts and entertainment activities.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
R Arts, entertainment and recreation R1 Creative, arts and entertainment activities *********

Auditor Details of Madhuveer Com 18 Network Limited

Madhuveer Com 18 Network Limited is audited by Maak and Associates for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.

Name Status Appointment Date Cessation Date
Maak and Associates blur-value blur-value blur-value

Board of Directors of Madhuveer Com 18 Network Limited

Madhuveer Com 18 Network Limited is currently managed by 9 directors, with 20 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Sonal Deepalbhai Gandhi Director 26 Feb 2025 1 Years 4 Months Current
Dipankar Bhuvneshwar Mahto Director 21 Mar 2020 6 Years 3 Months Current
Raj Jagrut Shah Whole-Time Director 26 Feb 2025 1 Years 4 Months Current
Dhruvin Shah Managing Director 26 Apr 2024 2 Years 2 Months Current
Sarjeevan Singh Director 26 Feb 2025 1 Years 4 Months Current
Sagar Samir Shah Director 26 Apr 2024 2 Years 2 Months Current
Showing 6 of 9 current directors. View all directors

Financials of Madhuveer Com 18 Network Limited FY 2026 filings available

Madhuveer Com 18 Network Limited reported revenue of ₹24.01 Cr (up 446.73% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹24.01 Cr ▲ 446.73%
Profit · FY 2026
₹5.62 Cr ▲ 438.42%
EBITDA · FY 2026
₹10.72 Cr ▲ 1401.41%
Revenue₹ Cr · Consolidated0102030FY 2019: ₹0 Cr0FY 2019FY 2020: ₹0 Cr · -100% YoY0-100%FY 2020FY 2021: ₹0 Cr0FY 2021FY 2022: ₹0 Cr0.2FY 2022FY 2023: ₹0 Cr · -50.4% YoY0.1-50.4%FY 2023FY 2024: ₹5 Cr · +4849.5% YoY4.9+4849.5%FY 2024FY 2025: ₹4 Cr · -9.4% YoY4.4-9.4%FY 2025FY 2026: ₹24 Cr · +446.7% YoY24+446.7%FY 2026
Net Profit₹ Cr · Consolidated-20246FY 2019: ₹0 Cr0FY 2019FY 2020: ₹0 Cr (loss) · -1155.6% YoY-0.1FY 2020FY 2021: ₹0 Cr · +101.2% YoY0+101.2%FY 2021FY 2022: ₹0 Cr · +12684.6% YoY0.2+12684.6%FY 2022FY 2023: ₹0 Cr · -93.3% YoY0-93.3%FY 2023FY 2024: ₹2 Cr · +20764.3% YoY2.3+20764.3%FY 2024FY 2025: ₹2 Cr (loss) · -171% YoY-1.7FY 2025FY 2026: ₹6 Cr · +438.4% YoY5.6+438.4%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year051015Q1'25: ₹0 Cr0Q1'25Q2'25: ₹1 Cr0.6Q2'25Q3'25: ₹2 Cr2.3Q3'25Q4'25: ₹1 Cr1.4Q4'25Q1'26: ₹2 Cr1.8Q1'26Q2'26: ₹1 Cr · +129.6% YoY1.5+129.6%Q2'26Q3'26: ₹8 Cr · +257.7% YoY8.2+257.7%Q3'26Q4'26: ₹13 Cr · +779.1% YoY12.6+779.1%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Revenue from Operations ₹24.01 Cr ₹4.39 Cr ₹4.85 Cr ₹9.8 Lakh ₹19.77 Lakh ₹0 ₹0 ₹1.05 Lakh
Other Income ₹47.29 Lakh ₹1.52 Cr ₹2.07 Cr ₹5.1 Lakh ₹12.84 Lakh ₹13.71 Lakh ₹82,000 ₹11.65 Lakh
Total Income ₹24.49 Cr ₹5.92 Cr ₹6.92 Cr ₹14.9 Lakh ₹32.61 Lakh ₹13.71 Lakh ₹82,000 ₹12.7 Lakh
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹78,000
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹2.66 Cr ₹1.71 Cr ₹1.11 Cr ₹4.01 Lakh ₹3.61 Lakh ₹3.94 Lakh ₹1.33 Lakh ₹1.54 Lakh
Finance Costs ₹0 ₹4.78 Lakh ₹3.89 Lakh ₹0 ₹0 ₹0 ₹0 ₹15,000
Depreciation & Amortisation ₹1.65 Cr ₹1.23 Cr ₹93.64 Lakh ₹44,000 ₹88,000 ₹88,000 ₹88,000 ₹88,000
Other Expenses ₹11.1 Cr ₹3.49 Cr ₹1.87 Cr ₹8.95 Lakh ₹7.84 Lakh ₹8.71 Lakh ₹9.14 Lakh ₹8.13 Lakh
Total Expenses ₹15.41 Cr ₹6.48 Cr ₹3.95 Cr ₹13.4 Lakh ₹12.33 Lakh ₹13.53 Lakh ₹11.35 Lakh ₹11.48 Lakh
Profit Before Exceptional Items & Tax ₹9.08 Cr -₹56.29 Lakh ₹2.97 Cr ₹1.5 Lakh ₹20.28 Lakh ₹18,000 -₹10.53 Lakh ₹1.22 Lakh
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹10,000 ₹0
Profit Before Tax ₹9.08 Cr -₹56.29 Lakh ₹2.97 Cr ₹1.5 Lakh ₹20.28 Lakh ₹18,000 -₹10.43 Lakh ₹1.22 Lakh
Total Tax Expense ₹3.46 Cr ₹1.1 Cr ₹63.29 Lakh ₹38,000 ₹3.66 Lakh ₹5,000 ₹2,000 ₹23,000
Net Profit ₹5.62 Cr -₹1.66 Cr ₹2.34 Cr ₹1.12 Lakh ₹16.62 Lakh ₹13,000 -₹10.45 Lakh ₹99,000
  attributable to Owners - ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 -
  attributable to NCI - ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 -
Other Comprehensive Income ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Total Comprehensive Income ₹5.62 Cr -₹1.66 Cr ₹2.34 Cr ₹1.12 Lakh ₹16.62 Lakh ₹13,000 -₹10.45 Lakh ₹99,000
EBITDA (computed) ₹10.72 Cr ₹71.42 Lakh ₹3.95 Cr ₹1.94 Lakh ₹21.16 Lakh ₹1.06 Lakh -₹9.65 Lakh ₹2.25 Lakh
Basic EPS ₹2.20 ₹-0.68 ₹2.46 ₹0.01 ₹0.17 ₹0.00 ₹-0.11 ₹0.01
Diluted EPS ₹2.20 ₹-0.68 ₹1.49 ₹0.01 ₹0.17 ₹0.00 ₹-0.11 ₹0.01
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Total Assets ₹79.78 Cr ₹52.76 Cr ₹40.05 Cr ₹6.81 Cr ₹7.05 Cr ₹6.94 Cr ₹6.95 Cr ₹7.55 Cr
Non-current Assets ₹38.75 Cr ₹36.23 Cr ₹20.57 Cr ₹98.53 Lakh ₹1.1 Cr ₹1.1 Cr ₹6.43 Cr ₹6.7 Cr
Current Assets ₹41.03 Cr ₹16.53 Cr ₹19.48 Cr ₹5.82 Cr ₹5.95 Cr ₹5.84 Cr ₹51.23 Lakh ₹85.33 Lakh
Property, Plant & Equipment ₹37.47 Lakh ₹45.42 Lakh ₹47.86 Lakh ₹9.13 Lakh ₹9.59 Lakh ₹10.48 Lakh ₹11.36 Lakh ₹12.26 Lakh
Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Trade Receivables ₹23.98 Cr ₹8 Cr ₹0 ₹7.26 Lakh ₹10.92 Lakh ₹6.99 Lakh ₹16.79 Lakh ₹16.87 Lakh
Cash & Equivalents ₹7.91 Cr ₹38.93 Lakh ₹1.45 Cr ₹20.34 Lakh ₹28.9 Lakh ₹48.51 Lakh ₹34.44 Lakh ₹21.32 Lakh
Equity (Net Worth) ₹54.23 Cr ₹42.48 Cr ₹31.44 Cr ₹6.78 Cr ₹6.88 Cr ₹6.71 Cr ₹6.71 Cr ₹6.82 Cr
Equity Share Capital ₹25.48 Cr ₹24.48 Cr ₹9.48 Cr ₹9.48 Cr ₹9.48 Cr ₹9.48 Cr ₹9.48 Cr ₹9.48 Cr
Borrowings (Non-current) ₹3.2 Cr ₹6.51 Cr ₹6.57 Cr ₹0 ₹0 ₹0 ₹45,000 ₹0
Borrowings (Current) ₹0 ₹0 ₹0 ₹0 ₹0 ₹9 Lakh ₹9 Lakh ₹9 Lakh
Total Debt (computed) ₹3.2 Cr ₹6.51 Cr ₹6.57 Cr ₹0 ₹0 ₹9 Lakh ₹9.45 Lakh ₹9 Lakh
Current Liabilities ₹21.27 Cr ₹3.78 Cr ₹2.04 Cr ₹1.48 Lakh ₹15.95 Lakh ₹22.61 Lakh ₹23.17 Lakh ₹73.14 Lakh
Total Liabilities ₹25.55 Cr ₹10.28 Cr ₹8.61 Cr ₹2.87 Lakh ₹17.34 Lakh ₹22.61 Lakh ₹23.62 Lakh ₹73.14 Lakh
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹10.54 Cr -₹12.94 Cr ₹90.66 Lakh -₹8.56 Lakh -₹9.88 Lakh
Investing Cash Flow -₹13.91 Cr -₹70.96 Lakh -₹19.38 Cr ₹0 -₹73,000
Financing Cash Flow ₹10.89 Cr ₹12.58 Cr ₹19.72 Cr ₹0 -₹9 Lakh
Capital Expenditure ₹13.94 Cr ₹7.1 Cr ₹10.31 Cr ₹0 ₹0
Free Cash Flow (computed) -₹3.4 Cr -₹20.04 Cr -₹9.4 Cr -₹8.56 Lakh -₹9.88 Lakh
Dividends Paid ₹12.24 Lakh ₹0 ₹0 ₹0 ₹0
Net Change in Cash ₹7.52 Cr -₹1.06 Cr ₹1.25 Cr -₹8.56 Lakh -₹19.61 Lakh
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25
Revenue from Operations ₹12.6 Cr ₹8.15 Cr ₹1.47 Cr ₹1.79 Cr ₹1.43 Cr ₹2.28 Cr ₹64.06 Lakh ₹0
Other Income -₹41.86 Lakh ₹18.44 Lakh ₹65.48 Lakh ₹5.23 Lakh -₹16,000 ₹96.82 Lakh ₹27.05 Lakh ₹28.64 Lakh
Total Income ₹12.19 Cr ₹8.33 Cr ₹2.13 Cr ₹1.84 Cr ₹1.43 Cr ₹3.25 Cr ₹91.11 Lakh ₹28.64 Lakh
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 -₹7,000 ₹7,000 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹58.22 Lakh ₹78.37 Lakh ₹68.55 Lakh ₹61.18 Lakh ₹47.26 Lakh ₹47.22 Lakh ₹40.47 Lakh ₹35.85 Lakh
Finance Costs ₹0 -₹39,000 ₹0 ₹39,000 ₹1.89 Lakh ₹62,000 ₹1.47 Lakh ₹80,000
Depreciation & Amortisation ₹51.61 Lakh ₹43.68 Lakh ₹35.01 Lakh ₹34.47 Lakh -₹1.11 Cr ₹83.4 Lakh ₹78.84 Lakh ₹71.39 Lakh
Other Expenses ₹5.97 Cr ₹1.7 Cr ₹2.1 Cr ₹1.32 Cr ₹1.93 Cr ₹63.85 Lakh ₹56.62 Lakh ₹36.27 Lakh
Total Expenses ₹7.06 Cr ₹2.92 Cr ₹3.14 Cr ₹2.28 Cr ₹1.31 Cr ₹1.95 Cr ₹1.77 Cr ₹1.44 Cr
Profit Before Exceptional Items & Tax ₹5.12 Cr ₹5.42 Cr -₹1.01 Cr -₹44.23 Lakh ₹12.21 Lakh ₹1.3 Cr -₹86.29 Lakh -₹1.16 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹5.12 Cr ₹5.42 Cr -₹1.01 Cr -₹44.23 Lakh ₹12.21 Lakh ₹1.3 Cr -₹86.29 Lakh -₹1.16 Cr
Total Tax Expense ₹32.62 Lakh ₹4.4 Cr -₹1.32 Cr ₹6.47 Lakh ₹6.38 Lakh ₹30.09 Lakh -₹21.64 Lakh ₹94.82 Lakh
Net Profit ₹4.79 Cr ₹1.02 Cr ₹30.93 Lakh -₹50.7 Lakh ₹5.83 Lakh ₹99.41 Lakh -₹64.65 Lakh -₹2.1 Cr
  attributable to Owners - - - ₹0 ₹0 ₹0 - ₹0
  attributable to NCI - - - ₹0 ₹0 ₹0 - ₹0
Other Comprehensive Income ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Total Comprehensive Income ₹4.79 Cr ₹1.02 Cr ₹30.93 Lakh -₹50.7 Lakh ₹5.83 Lakh ₹99.41 Lakh -₹64.65 Lakh -₹2.1 Cr
EBITDA (computed) ₹5.64 Cr ₹5.85 Cr -₹66.35 Lakh -₹9.37 Lakh -₹96.6 Lakh ₹2.14 Cr -₹5.98 Lakh -₹43.48 Lakh
Basic EPS ₹1.88 ₹0.42 ₹0.13 ₹0.21 ₹0.02 ₹0.41 ₹-0.26 ₹-2.22
Diluted EPS ₹1.88 ₹0.42 ₹0.13 ₹0.21 ₹0.02 ₹0.41 ₹-0.26 ₹-2.22
Latest 8 quarters shown.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Revenue from Operations ₹22.53 Cr ₹1.79 Cr ₹2.22 Cr ₹9.8 Lakh ₹19.77 Lakh ₹0 ₹0 ₹1.05 Lakh
Other Income ₹6.4 Lakh ₹53.54 Lakh ₹2.02 Cr ₹3.52 Lakh ₹11.33 Lakh ₹13.06 Lakh ₹0 ₹10.89 Lakh
Total Income ₹22.59 Cr ₹2.33 Cr ₹4.23 Cr ₹13.32 Lakh ₹31.1 Lakh ₹13.06 Lakh ₹0 ₹11.94 Lakh
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹78,000
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹2.54 Cr ₹42.83 Lakh ₹4.04 Lakh ₹3.77 Lakh ₹3.36 Lakh ₹3.64 Lakh ₹1.03 Lakh ₹1.24 Lakh
Finance Costs ₹0 ₹3.33 Lakh ₹1.37 Lakh ₹0 ₹0 ₹0 ₹0 ₹1,000
Depreciation & Amortisation ₹66.92 Lakh ₹10.64 Lakh ₹1.1 Lakh ₹44,000 ₹88,000 ₹88,000 ₹88,000 ₹88,000
Other Expenses ₹10.48 Cr ₹46.46 Lakh ₹48.85 Lakh ₹7.76 Lakh ₹6.66 Lakh ₹8.39 Lakh ₹8.7 Lakh ₹8.07 Lakh
Total Expenses ₹13.69 Cr ₹1.03 Cr ₹55.36 Lakh ₹11.97 Lakh ₹10.9 Lakh ₹12.91 Lakh ₹10.61 Lakh ₹10.98 Lakh
Profit Before Exceptional Items & Tax ₹8.9 Cr ₹1.3 Cr ₹3.68 Cr ₹1.35 Lakh ₹20.2 Lakh ₹15,000 -₹10.61 Lakh ₹96,000
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹8.9 Cr ₹1.3 Cr ₹3.68 Cr ₹1.35 Lakh ₹20.2 Lakh ₹15,000 -₹10.61 Lakh ₹96,000
Total Tax Expense ₹3.02 Cr ₹29.92 Lakh ₹92.65 Lakh ₹34,000 ₹3.65 Lakh ₹4,000 ₹0 ₹15,000
Net Profit ₹5.89 Cr ₹99.66 Lakh ₹2.75 Cr ₹1.01 Lakh ₹16.55 Lakh ₹11,000 -₹10.61 Lakh ₹81,000
Other Comprehensive Income ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Total Comprehensive Income ₹5.89 Cr ₹99.66 Lakh ₹2.75 Cr ₹1.01 Lakh ₹16.55 Lakh ₹11,000 -₹10.61 Lakh ₹81,000
EBITDA (computed) ₹9.57 Cr ₹1.44 Cr ₹3.7 Cr ₹1.79 Lakh ₹21.08 Lakh ₹1.03 Lakh -₹9.73 Lakh ₹1.85 Lakh
Basic EPS ₹2.31 ₹0.41 ₹2.90 ₹0.01 ₹0.17 ₹0.00 ₹-0.11 ₹0.01
Diluted EPS ₹2.31 ₹0.41 ₹1.75 ₹0.01 ₹0.17 ₹0.00 ₹-0.11 ₹0.01
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Total Assets ₹76.84 Cr ₹38.4 Cr ₹25.35 Cr ₹6.78 Cr ₹7.03 Cr ₹6.91 Cr ₹6.92 Cr ₹7.53 Cr
Non-current Assets ₹33.23 Cr ₹7.32 Cr ₹6.52 Cr ₹6.52 Cr ₹6.63 Cr ₹6.64 Cr ₹6.65 Cr ₹6.73 Cr
Current Assets ₹43.61 Cr ₹31.09 Cr ₹18.83 Cr ₹26.06 Lakh ₹39.11 Lakh ₹26.93 Lakh ₹26.64 Lakh ₹79.79 Lakh
Property, Plant & Equipment ₹33.99 Lakh ₹79.86 Lakh ₹8.03 Lakh ₹9.13 Lakh ₹9.59 Lakh ₹11.03 Lakh ₹11.36 Lakh ₹12.26 Lakh
Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Trade Receivables ₹23.74 Cr ₹3.65 Cr ₹2.61 Cr ₹7.27 Lakh ₹10.92 Lakh ₹6.99 Lakh ₹16.79 Lakh ₹16.87 Lakh
Cash & Equivalents ₹7.28 Cr ₹7.77 Lakh ₹29.15 Lakh ₹18.67 Lakh ₹25.85 Lakh ₹19.53 Lakh ₹9.95 Lakh ₹15.78 Lakh
Equity (Net Worth) ₹53.35 Cr ₹36.35 Cr ₹22.66 Cr ₹6.75 Cr ₹6.85 Cr ₹6.69 Cr ₹6.69 Cr ₹6.8 Cr
Equity Share Capital ₹25.48 Cr ₹24.48 Cr ₹9.48 Cr ₹9.48 Cr ₹9.48 Cr ₹9.48 Cr ₹9.48 Cr ₹9.48 Cr
Borrowings (Non-current) ₹42.52 Lakh ₹1.19 Cr ₹1.37 Cr ₹0 ₹0 ₹0 ₹0 ₹0
Borrowings (Current) ₹0 ₹0 ₹98,000 ₹0 ₹0 ₹9 Lakh ₹9 Lakh ₹9 Lakh
Total Debt (computed) ₹42.52 Lakh ₹1.19 Cr ₹1.38 Cr ₹0 ₹0 ₹9 Lakh ₹9 Lakh ₹9 Lakh
Current Liabilities ₹21.98 Cr ₹77.09 Lakh ₹1.31 Cr ₹1.29 Lakh ₹15.8 Lakh ₹22.46 Lakh ₹22.93 Lakh ₹72.91 Lakh
Total Liabilities ₹23.49 Cr ₹2.05 Cr ₹2.69 Cr ₹2.68 Lakh ₹17.19 Lakh ₹22.46 Lakh ₹22.93 Lakh ₹72.91 Lakh
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹11.36 Cr -₹11.79 Cr -₹14.41 Cr -₹7.18 Lakh ₹14.91 Lakh
Investing Cash Flow -₹11.37 Cr -₹90.46 Lakh -₹1 Lakh ₹0 ₹0
Financing Cash Flow ₹7.22 Cr ₹12.48 Cr ₹14.52 Cr ₹0 -₹9 Lakh
Capital Expenditure ₹11.37 Cr ₹88.46 Lakh ₹0 ₹0 ₹0
Free Cash Flow (computed) -₹1.47 Lakh -₹12.68 Cr -₹14.41 Cr -₹7.18 Lakh ₹14.91 Lakh
Dividends Paid ₹12.24 Lakh ₹0 ₹0 ₹0 ₹0
Net Change in Cash ₹7.21 Cr -₹21.38 Lakh ₹10.47 Lakh -₹7.18 Lakh ₹5.91 Lakh
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25
Revenue from Operations ₹12.27 Cr ₹7.82 Cr ₹1.08 Cr ₹1.36 Cr ₹1.08 Cr ₹71.8 Lakh ₹0 ₹0
Other Income ₹4.32 Lakh ₹1.68 Lakh -₹12,000 ₹52,000 ₹69,000 ₹0 ₹26.85 Lakh ₹26 Lakh
Total Income ₹12.32 Cr ₹7.84 Cr ₹1.08 Cr ₹1.36 Cr ₹1.08 Cr ₹71.8 Lakh ₹26.85 Lakh ₹26 Lakh
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹5,000 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹72.53 Lakh ₹68.27 Lakh ₹60.5 Lakh ₹52.78 Lakh ₹38.14 Lakh ₹90,000 ₹1.79 Lakh ₹2 Lakh
Finance Costs ₹0 ₹0 ₹0 ₹0 ₹86,000 ₹1.81 Lakh ₹0 ₹67,000
Depreciation & Amortisation ₹51.33 Lakh ₹5.54 Lakh ₹5.33 Lakh ₹4.72 Lakh ₹9.33 Lakh ₹97,000 ₹17,000 ₹18,000
Other Expenses ₹8.41 Cr ₹98.76 Lakh ₹55.71 Lakh ₹51.44 Lakh ₹28.95 Lakh ₹2.96 Lakh ₹7.21 Lakh ₹7.35 Lakh
Total Expenses ₹9.65 Cr ₹1.73 Cr ₹1.22 Cr ₹1.09 Cr ₹77.28 Lakh ₹6.69 Lakh ₹9.17 Lakh ₹10.2 Lakh
Profit Before Exceptional Items & Tax ₹2.66 Cr ₹6.11 Cr -₹13.51 Lakh ₹27.34 Lakh ₹30.91 Lakh ₹65.11 Lakh ₹17.68 Lakh ₹15.8 Lakh
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹2.66 Cr ₹6.11 Cr -₹13.51 Lakh ₹27.34 Lakh ₹30.91 Lakh ₹65.11 Lakh ₹17.68 Lakh ₹15.8 Lakh
Total Tax Expense ₹1.5 Cr ₹1.65 Cr -₹20.02 Lakh ₹7.76 Lakh ₹6.47 Lakh ₹15.02 Lakh ₹4.47 Lakh ₹3.95 Lakh
Net Profit ₹1.16 Cr ₹4.46 Cr ₹6.51 Lakh ₹19.58 Lakh ₹24.44 Lakh ₹50.09 Lakh ₹13.21 Lakh ₹11.85 Lakh
Other Comprehensive Income ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Total Comprehensive Income ₹1.16 Cr ₹4.46 Cr ₹6.51 Lakh ₹19.58 Lakh ₹24.44 Lakh ₹50.09 Lakh ₹13.21 Lakh ₹11.85 Lakh
EBITDA (computed) ₹3.18 Cr ₹6.16 Cr -₹8.18 Lakh ₹32.06 Lakh ₹41.1 Lakh ₹67.89 Lakh ₹17.85 Lakh ₹16.65 Lakh
Basic EPS ₹0.46 ₹1.82 ₹0.03 ₹0.08 ₹0.10 ₹0.20 ₹0.05 ₹0.12
Diluted EPS ₹0.46 ₹1.82 ₹0.03 ₹0.08 ₹0.10 ₹0.20 ₹0.05 ₹0.12
Latest 8 quarters shown.
Want more history and ratios?
You're viewing the latest exchange-filed financials for Madhuveer Com 18 Network Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Madhuveer Com 18 Network Limited

As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 67.80%, retail and other public shareholders hold 32.20% of Madhuveer Com 18 Network Limited. The company had 1,517 shareholders on record.

Promoters: 67.80%Retail & Others: 32.20%
Mar 2026
QUARTER
67.80% Promoters
32.20% Retail & Others
Promoter holding - history
Now 67.80% · Mar 2026High 67.80% · Dec 2025Low 3.91% · Jun 2023
2%18.8%35.5%52.3%69%Jun 2023Dec 2023Jun 2024Dec 2024Jun 2025Dec 2025Jun 2023: 3.91%Sep 2023: 3.91%Dec 2023: 3.91%Mar 2024: 3.91%Jun 2024: 65.08%Sep 2024: 66.49%Dec 2024: 66.49%Mar 2025: 66.49%Jun 2025: 66.49%Sep 2025: 66.49%Dec 2025: 67.80%Mar 2026: 67.80%67.80%3.91%67.80%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters67.80%67.80%66.49%66.49%66.49%66.49%
Public32.20%32.20%33.51%33.51%33.51%33.51%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024
Promoters67.80%66.49%3.91%
Public32.20%33.51%96.09%
Promoter change (YoY, %pts)+1.31+62.58-

Group Structure of Madhuveer Com 18 Network Limited

Madhuveer Com 18 Network Limited has 1 subsidiary company. This group structure data is as of FY 2023. The corporate group structure reflects Madhuveer Com 18 Network Limited's business expansion strategy and organizational complexity.

1
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Sakshi Barter Private Limited U51909GJ2011PTC077317 -

Showing major subsidiaries. Total: 1.

Charges & Borrowings Madhuveer Com 18 Network Limited

Madhuveer Com 18 Network Limited does not have any charges (loans) registered with the Registrar of Companies.

Employees and EPFO Compliance at Madhuveer Com 18 Network Limited

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2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Madhuveer Com 18 Network Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
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GST Compliance of Madhuveer Com 18 Network Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Madhuveer Com 18 Network Limited

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GSTIN registrations & state-wise presence
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HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Madhuveer Com 18 Network Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Madhuveer Com 18 Network Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
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Group company & common directorship litigation
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MSME Payment Delays by Madhuveer Com 18 Network Limited

MSME Payment Delays by Madhuveer Com 18 Network Limited

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Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Madhuveer Com 18 Network Limited

Subsidiaries & Group Companies of Madhuveer Com 18 Network Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Madhuveer Com 18 Network Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Madhuveer Com 18 Network Limited

MCA Filings & Documents of Madhuveer Com 18 Network Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Madhuveer Com 18 Network Limited

Directors
26 Feb 2026
Pushti Tanmay Rajani was appointed as a Company Secretary on 26 Feb 2026 & has been associated with this company since 4 months 12 days.
Activity
29 Sep 2025
Madhuveer Com 18 Network Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Activity
31 Mar 2025
Madhuveer Com 18 Network Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Directors
26 Feb 2025
Sonal Deepalbhai Gandhi was appointed as a Director on 26 Feb 2025 & has been associated with this company since 1 year 4 months.
Directors
26 Feb 2025
Raj Jagrut Shah was appointed as a Whole-time director on 26 Feb 2025 & has been associated with this company since 1 year 4 months.
Directors
26 Feb 2025
Sarjeevan Singh was appointed as a Director on 26 Feb 2025 & has been associated with this company since 1 year 4 months.

Frequently Asked Questions about Madhuveer Com 18 Network Limited

Madhuveer Com 18 Network Limited is an active public limited company in the art sector based in Ahmedabad, Gujarat, India. It was incorporated on 07 June 1995 (31+ years old) and is registered under CIN L93000GJ1995PLC026244. Listed on BSE: 531910.

Madhuveer Com 18 Network Limited reported revenue of ₹5.92 Cr for FY 2025 (down 15.00% YoY).

The current directors of Madhuveer Com 18 Network Limited are:

The primary industry of Madhuveer Com 18 Network Limited is art. The company specifically operates in creative. The company is currently active in this sector.

Yes. Madhuveer Com 18 Network Limited is listed on BSE with code 531910.

Madhuveer Com 18 Network Limited can be reached at the registered office: Office No. 812 Anand Mangal – 3 Opp Core House Nr. Hirabag Nr. Rajnagar Club Ambavadi, Ahmedabad, Gujarat, India – 380015, or through the website tohealpharmachem.com.

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