Mcon Rasayan India Limited - manufacturing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L24304MH2016PLC286140 Incorporated 22 September 2016 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: MCON Public Limited Company manufacturing MSME · Small
Data last updated
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
ROE
8.8%
ROCE 11.0%
Debt / Equity
0.54
Interest cover 30.6x

About Mcon Rasayan India Limited

Data last updated:

Mcon Rasayan India Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 22 September 2016 and has been in existence for over 10 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L24304MH2016PLC286140. Its GSTIN is 27AAKCM6040M1Z3 (Maharashtra). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on NSE: MCON.

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.34 Cr. It was formerly known as Mcon Rasayan Private Limited and Mcon Rasayan India Private Limited. It is led by directors including Mahesh Ravji Bhanushali (Managing Director) and Chetan Ravji Bhanushali (Whole-Time Director).

Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹65.24 Cr, a growth of 28.6% compared to the previous year. For the same year it recorded a net profit of ₹3.04 Cr (net margin 4.7%) and EBITDA of ₹7.64 Cr (EBITDA margin 11.7%). The net worth stands at ₹36.25 Cr (up 9.3% YoY). Total assets are valued at ₹54.49 Cr (up 3.2% YoY).

The company has about 44 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: MCON Rasayan. As per MCA filings, the company has open charges of ₹24.65 Cr and satisfied charges of ₹49.97 Cr on record. Court records list 10 cases involving the company, including 9 filed by the company and 1 filed against it; 8 cases are pending. The company has 4 deals on record (2 funding rounds, 1 ipo, 1 rights issue), with disclosed funding of ₹3 Cr; the latest was in March 2023. Its 3 peer companies in the Manufacturing industry (Construction Materials, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 1 smaller; the largest is K. A. Malle Pharmaceuticals Limited with revenue of ₹51.47 Cr.

Mcon Rasayan India Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-25-0009787). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mconrasayan.com.

Company details

CIN L24304MH2016PLC286140
Registration Number 286140
Incorporation Date 22 September 2016
ROC Mumbai
Listing Status Listed (NSE: MCON)
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-25-0009787

Name history

Mcon Rasayan India has undergone 2 name changes throughout its history. The company was previously known as Mcon Rasayan Private Limited, and Mcon Rasayan India Private Limited. The current legal name is Mcon Rasayan India Limited.

Company NameStatus
Mcon Rasayan India LimitedCurrent
Mcon Rasayan Private LimitedPrevious
Mcon Rasayan India Private LimitedPrevious

CIN history

Mcon Rasayan India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L24304MH2016PLC286140, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L24304MH2016PLC286140Current
U24304MH2016PLC286140Previous
U24304MH2016PTC286140Previous

Recognitions & Rankings of Mcon Rasayan India

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-25-0009787

Contact details

Mcon Rasayan India Limited's registered office is in Mumbai, Maharashtra.

  • Social Media
  • Registered Address
    101/A 1st Floor Maxheal House Plot – 169 Cts – 104 Bangur Nagar Goregaon West Near Ayyapp, A Temple, Mumbai, Maharashtra, India – 400090
  • Industry
    Manufacturing, Construction Materials
Comprehensive company report
Mcon Rasayan India Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Mcon Rasayan India operates one associated brand: MCON Rasayan. Each brand links to its own profile.

BrandDescriptionWebsite
Manufacturer of construction chemicalsmconrasayan.com

Business activity

The main business activity of Mcon Rasayan India is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC6Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products

To see the full business activity and turnover split of Mcon Rasayan India Limited, buy the company report.

Financials of Mcon Rasayan India Limited

FY 2025-26 filings available

Mcon Rasayan India Limited reported revenue of ₹65.24 Cr (up 28.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹65.24 Cr
+28.6% YoY
EBITDA
₹7.64 Cr
+30.4% YoY
Profit After Tax
₹3.04 Cr
+32.8% YoY
Net Worth
₹36.25 Cr
+9.3% YoY
Total Assets
₹54.49 Cr
+3.2% YoY
Total Debt
₹18.17 Cr
-7.5% 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
Revenue65.2450.7542.1331.0519.228.988.97
Revenue growth+28.6%+20.5%+35.7%+61.6%+114.0%+0.1%-
EBITDA7.645.865.302.671.430.930.74
EBITDA margin+11.7%+11.6%+12.6%+8.6%+7.4%+10.4%+8.3%
Profit before tax4.152.703.131.520.690.270.12
Net profit3.042.292.231.120.500.200.09
Net profit margin+4.7%+4.5%+5.3%+3.6%+2.6%+2.2%+1.0%
EPS (₹)4.153.103.561.803.301.250.89
Balance sheet
Total assets54.4952.8232.0222.159.815.394.43
Net worth36.2533.1815.6513.372.401.781.21
Total debt18.1719.6415.968.477.403.473.22
Cash & bank0.481.400.700.280.090.050.06
Net working capital38.4936.6816.3413.097.153.922.98
Cash flow
Cash from operations4.09(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)16.855.9710.123.500.340.13
ParticularsSep 2022Jun 2022
Revenue6.506.54
Other income0.000.00
Total expenses5.675.99
EBITDA0.830.55
EBITDA margin+12.8%+8.4%
Depreciation0.130.08
Interest0.120.16
Profit before tax0.580.31
Tax0.150.09

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 27 Oct 2026
ParticularsSep 2022Jun 2022
Revenue6.506.54
Other income0.000.00
Total expenses5.675.99
EBITDA0.830.55
EBITDA margin+12.8%+8.4%
Depreciation0.130.08
Interest0.120.16
Profit before tax0.580.31
Tax0.150.09
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue65.2450.7542.1331.0519.228.988.97
Revenue growth+28.6%+20.5%+35.7%+61.6%+114.0%+0.1%-
Other income0.130.690.420.010.010.020.00
Total expenses57.6044.8936.8328.3817.798.058.23
Employee cost9.317.934.493.201.941.341.61
EBITDA7.645.865.302.671.430.930.74
EBITDA margin+11.7%+11.6%+12.6%+8.6%+7.4%+10.4%+8.3%
Depreciation1.851.851.070.380.320.280.30
Interest1.772.001.520.780.430.400.32
Profit before tax4.152.703.131.520.690.270.12
Tax1.110.410.890.400.190.070.03
Net profit3.042.292.231.120.500.200.09
Net profit margin+4.7%+4.5%+5.3%+3.6%+2.6%+2.2%+1.0%
EPS (₹)4.153.103.561.803.301.250.89
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital7.347.336.306.301.501.501.01
Reserves & surplus28.9125.859.357.070.900.280.20
Shareholders' funds (net worth)36.2533.1815.6513.372.401.781.21
Secured loans17.5219.3715.396.815.522.991.40
Unsecured loans0.650.270.571.661.880.481.82
Total debt18.1719.6415.968.477.403.473.22
Total liabilities54.4952.8232.0222.159.815.394.43
Assets
Gross block21.6519.5112.468.422.582.251.95
Net block15.2714.989.781.121.351.291.31
Capital work in progress0.070.425.435.691.170.000.00
Investments0.000.000.000.000.000.000.00
Inventories29.9228.9611.216.564.332.411.37
Sundry debtors29.4822.5917.0410.275.163.613.15
Cash & bank balances0.481.400.700.280.090.050.06
Loans & advances0.841.810.974.142.200.781.75
Total current assets60.7254.7629.9221.2511.786.856.33
Total current liabilities22.2318.0813.588.164.632.933.35
Net working capital38.4936.6816.3413.097.153.922.98
Total assets54.4952.8232.0222.159.815.394.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.400.700.280.090.050.030.08
Net cash from operating activities4.09(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)16.855.9710.123.500.340.13
Net change in cash(0.92)0.700.420.190.030.03(0.02)
Closing cash0.481.400.700.280.090.050.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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 / equity0.540.730.841.012.602.313.30
Long-term debt / equity0.150.230.300.360.850.971.58
Interest cover30.5749.8835.9334.0638.7461.5472.73
Efficiency & per share
Fixed asset turnover3.173.174.045.657.964.284.73
Inventory turnover2.222.534.745.705.704.757.87
Debtors turnover2.512.563.094.024.382.661.92
EPS (₹)4.153.103.561.803.301.250.89
Dividend per share (₹)0.000.000.000.000.000.100.00
Book value per share (₹)49.4145.2724.8421.2216.0011.8911.98

To see the full year-wise statements and ratios of Mcon Rasayan India Limited, buy the company report.

Board of directors of Mcon Rasayan India Limited

Mcon Rasayan India has 8 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Mahesh Ravji BhanushaliManaging Director19 Dec 20223 Years 10 MonthsCurrent
Puja Mahesh BhanushaliDirector19 Dec 20223 Years 10 MonthsCurrent
Chetan Ravji BhanushaliWhole-Time Director19 Dec 20223 Years 10 MonthsCurrent
Nandan Dilip PradhanWhole-Time Director19 Dec 20223 Years 10 MonthsCurrent
Tapas Bimal MajumdarDirector19 Dec 20223 Years 10 MonthsCurrent
Sonal Alok DoshiDirector19 Dec 20223 Years 10 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Peer comparison

Mcon Rasayan India Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Construction Materials, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Mcon Rasayan India Limitedthis company₹65.24 Cr (FY 2026)₹3.04 Cr4.7%28.6%Mumbai, Maharashtra, India
K. A. Malle Pharmaceuticals Limited₹51.47 Cr (FY 2025)3.0%Mumbai, Maharashtra, India
Aranthaangi Chemical Products Limited₹51.44 Cr (FY 2025)10.0%Aliyanilai, Tamil Nadu, India
Aims Impex Private Limited₹51.15 Cr (FY 2018)9.0%Mumbai, Maharashtra, India

To see the full peer comparison of Mcon Rasayan India Limited, buy the company report.

Charges & borrowings

Open charges
₹24.65 Cr
Satisfied charges
₹49.97 Cr
Breakdown by lending institutions
Yes Bank Limited₹24.65 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
31 Aug 2026101391394Yes Bank Limited₹24.65 CrOpen
29 Apr 2026101287568Axis Bank Limited₹2.5 CrSatisfied
20 Oct 2024101015659Axis Bank Limited₹1 CrSatisfied
12 Jul 2024100946340Axis Bank Limited₹23.86 CrSatisfied
29 Dec 2022100672186Others₹4.99 CrSatisfied

To see the full charge records of Mcon Rasayan India Limited, buy the company report.

Total charge records: 16 View all charges

Deals & funding

Mcon Rasayan India Limited has 4 deals on record (2 funding rounds, 1 ipo, 1 rights issue), with disclosed funding of ₹3 Cr; the latest was in March 2023.

Total deals
4
Funding rounds
2
IPO
1
Rights issue
1
Disclosed funding
₹3 Cr

Deals on record (4 of 4)

WhenDealAmountParties
Mar 2023IPO₹6.84 CrInvestors: Public Market Investors
Oct 2022Funding round₹1.5 CrInvestors: Europlus One Reality Private Limited
Aug 2022Funding round₹1.5 CrInvestors: an individual
Mar 2019Rights issue₹1.49 CrInvestors: 4 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Mcon Rasayan India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Mcon Rasayan India has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27AAKCM6040M1Z3MaharashtraActive01 Jul 2017
24AAKCM6040M1Z9GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Mcon Rasayan India Limited, buy the company report.

Recent activity

Mcon Rasayan India Limited has 9 board changes on record since 2022: 9 appointments. The latest: Chetan Ravji Bhanushali was appointed as Whole-Time Director on 19 Dec 2022.

Charges
A charge with Yes Bank Limited of Rs. 24.65 Cr registered on 31 Aug 2026 with Charge ID 101391394 was modified on 07 Oct 2026.
Charges
A charge registered on 12 Jul 2024 via Charge ID 100946340 with Axis Bank Limited was fully satisfied on 23 Sep 2026.
Charges
A charge with Yes Bank Limited amounted to Rs. 24.65 Cr with Charge ID 101391394 was registered on 31 Aug 2026.
Charges
A charge registered on 29 Apr 2026 via Charge ID 101287568 with Axis Bank Limited was fully satisfied on 20 Aug 2026.
Charges
A charge with Axis Bank Limited of Rs. 23.86 Cr registered on 12 Jul 2024 with Charge ID 100946340 was modified on 25 Jun 2026.
Charges
A charge with Axis Bank Limited amounted to Rs. 2.50 Cr with Charge ID 101287568 was registered on 29 Apr 2026.
Filing
Mcon Rasayan India Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Mcon Rasayan India Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Charges
A charge registered on 20 Oct 2024 via Charge ID 101015659 with Axis Bank Limited was fully satisfied on 30 Jan 2025.
Charges
A charge registered on 04 May 2021 via Charge ID 100444925 with Others was fully satisfied on 20 Jan 2025.
Charges
A charge registered on 04 May 2021 via Charge ID 100444930 with Others was fully satisfied on 20 Jan 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.00 Cr with Charge ID 101015659 was registered on 20 Oct 2024.

41 earlier events are in the company report.

Frequently asked questions

Mcon Rasayan India is an active public limited company based in Mumbai, Maharashtra, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 22 September 2016 (10+ years old) and is registered under CIN L24304MH2016PLC286140. Listed on NSE: MCON.

Mcon Rasayan India reported revenue of ₹65.24 Cr for FY 2025-26 (up 28.6% YoY) based on standalone financials.

Mcon Rasayan India has 8 current directors:

The latest financial statements of Mcon Rasayan India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from FY 2017 are in the company report.

The GSTIN of Mcon Rasayan India is 27AAKCM6040M1Z3, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAKCM6040M1Z9 (Gujarat).

The CIN (Corporate Identification Number) of Mcon Rasayan India is L24304MH2016PLC286140. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Mcon Rasayan India is a listed company as per MCA records. Its shares are listed on NSE (symbol: MCON).

Mcon Rasayan India has 10 court cases on record: 9 filed by the company and 1 filed against it. 8 are pending.

Mcon Rasayan India was incorporated on 22 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.

Mcon Rasayan India has 4 deals on record (2 funding rounds, 1 ipo, 1 rights issue), with disclosed funding of ₹3 Cr; the latest was in March 2023.

The peers of Mcon Rasayan India by revenue are K. A. Malle Pharmaceuticals Limited, Aranthaangi Chemical Products Limited, Aims Impex Private Limited, all in the Manufacturing industry (Construction Materials, Specialty Chemicals), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).