MSME (Udyam registered) Ministry of MSME
- Category
- Small (2021-22)
- Udyam number
- UDYAM-GJ-01-0125476
Market Cap
₹30.82 Cr
MAHIP · BSE
Share Price
₹16.02
0.00% today
Revenue
₹2.82 Cr
FY 2021-22 · -60.3% YoY
EBITDA
−₹20.76 Cr
Margin -736.2%
Net Profit
−₹20.59 Cr
FY 2021-22 · -11.7% YoY
Debt / Equity
8.16
Interest cover 0.0x
Authorised capital
₹21 Cr
Registered with MCA
Paid-up capital
₹19.24 Cr
Issued & subscribed
About Mahip Industries Limited
Data last updated:
Mahip Industries Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the paper segment of the packaging sector. It was incorporated on 14 November 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L15549GJ1995PLC028116. Its GSTIN is 24AAACC7720L1ZQ (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 542503.
The company has an authorised share capital of ₹21 Cr and a paid-up capital of ₹19.24 Cr. It was formerly known as Care Corupack Limited. It is led by directors including Rajiv Govindram Agrawal (Whole-Time Director) and Praveen Singh.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Survey No. 127 Jalalpur – Godhneshwar Dholka – Bagodara Highway, Ahmedabad, Gujarat, India – 387810.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹9.1 Cr, a growth of 46.1% compared to the previous year. For the same year it recorded a net profit of ₹1.47 Cr (net margin 16.2%) and EBITDA of ₹1.79 Cr (EBITDA margin 19.7%). Total assets are valued at ₹5.76 Cr (up 98.6% YoY).
The company has about 14 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mahip Industries. As per MCA filings, the company has satisfied charges of ₹92.56 Cr on record. Court records list 43 cases involving the company, including 7 filed by the company and 36 filed against it; 11 cases are pending. The company has 1 deal on record (1 ipo); the latest was in March 2019. Its 9 peer companies in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 4 larger and 5 smaller; the largest is Colourkart Packaging Private Limited with revenue of ₹6.56 Cr.
Mahip Industries Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0125476). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahipindustriesltd.in.
Company details
CIN L15549GJ1995PLC028116
Registration Number 028116
Incorporation Date 14 November 1995
ROC Ahmedabad
Listing Status Listed - Listed on BSE (542503)
Company Status Active
Date of Last AGM 23 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0125476
CIN history
Mahip Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L15549GJ1995PLC028116, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15549GJ1995PLC028116 | Current |
| U15549GJ1995PLC028116 | Previous |
| U15549GJ1995PTC028116 | Previous |
Key People
Rajiv Govindram Agrawal Whole-Time Director Praveen Singh Director Ronakbhai Amratbhai Patel Director Recognitions & Rankings of Mahip Industries
Contact details
Mahip Industries Limited's registered office is in Ahmedabad, Gujarat. Its website is mahipindustriesltd.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSurvey No. 127 Jalalpur – Godhneshwar Dholka – Bagodara Highway, Ahmedabad, Gujarat, India – 387810
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
To see the full contact details of Mahip Industries Limited, buy the company report.
Comprehensive company report
Mahip Industries 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
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Brands
Mahip Industries operates one associated brand: Mahip Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Corrugated boxes are manufactured by Mahip Industries in India. | mahipindustriesltd.in |
Business activity
The main business activity of Mahip Industries is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Mahip Industries Limited, buy the company report.
Financials of Mahip Industries Limited
FY 2025-26 filings availableMahip Industries Limited reported revenue of ₹9.1 Cr (up 46.1% YoY) for FY 2025-26.
Financial Highlights
FY 2021-22 · ConsolidatedRevenue
₹2.82 Cr
-60.3% YoY
EBITDA
−₹20.76 Cr
-15.7% YoY
Profit After Tax
−₹20.59 Cr
-11.7% YoY
Net Worth
−₹5.17 Cr
-138.2% YoY
Total Assets
₹28.88 Cr
-39.5% YoY
Total Debt
₹34.05 Cr
-0.4% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2.82 | 7.10 | 20.81 | 136 | 140 | 107 | 92.71 |
| Revenue growth | -60.3% | -65.9% | -84.7% | -3.4% | +30.6% | - | - |
| EBITDA | (20.76) | (17.95) | (6.18) | 6.65 | 11.26 | 7.25 | 6.35 |
| EBITDA margin | -736.2% | -252.8% | -29.7% | +4.9% | +8.0% | +6.8% | +6.9% |
| Profit before tax | (18.69) | (18.43) | (8.14) | 0.49 | 7.30 | 1.83 | 1.38 |
| Net profit | (20.59) | (18.43) | (8.14) | 0.51 | 5.60 | 1.22 | 0.92 |
| Net profit margin | -730.1% | -259.6% | -39.1% | +0.4% | +4.0% | +1.1% | +1.0% |
| EPS (₹) | (9.72) | (9.58) | (4.23) | 0.26 | 7.98 | 11.08 | 8.53 |
| Balance sheet | |||||||
| Total assets | 28.88 | 47.72 | 70.37 | 78.79 | 59.47 | 48.59 | 48.04 |
| Net worth | (5.17) | 13.53 | 32.08 | 40.22 | 23.05 | 15.77 | 13.38 |
| Total debt | 34.05 | 34.19 | 38.29 | 38.58 | 36.42 | 32.82 | 34.51 |
| Cash & bank | 0.18 | 0.05 | 0.42 | 1.27 | 1.46 | 0.07 | 0.04 |
| Net working capital | 0.56 | 18.84 | 46.77 | 58.02 | 38.93 | 33.18 | 32.03 |
| Cash flow | |||||||
| Cash from operations | (2.05) | 10.83 | 6.45 | (10.00) | 5.71 | 3.75 | - |
| Cash from investing | 2.30 | (6.91) | (4.23) | (1.78) | (7.36) | 2.21 | - |
| Cash from financing | (0.10) | (4.29) | (3.08) | 11.57 | 2.50 | (6.13) | - |
| Particulars | Dec 2021 |
|---|---|
| Revenue | 0.00 |
| Other income | 0.00 |
| EBITDA | 0.00 |
| Depreciation | 0.00 |
| Interest | 0.00 |
| Profit before tax | 0.00 |
| Tax | 0.00 |
| Net profit | 0.00 |
| EPS (₹) | 0.00 |
| 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 | 9.10 | 6.23 | 3.64 | (2.07) | 2.82 | 7.10 | 20.81 |
| Revenue growth | +46.1% | +71.2% | +275.9% | -173.4% | -60.3% | -65.9% | - |
| EBITDA | 1.79 | (1.46) | (3.28) | (3.27) | (20.77) | (17.95) | (6.18) |
| EBITDA margin | +19.7% | -23.4% | -90.1% | +158.0% | -736.5% | -252.8% | -29.7% |
| Profit before tax | 2.80 | 0.07 | (2.21) | (3.05) | (18.70) | (18.43) | (8.15) |
| Net profit | 1.47 | (1.15) | (4.27) | (3.17) | (20.60) | (18.43) | (8.15) |
| Net profit margin | +16.2% | -18.5% | -117.3% | +153.1% | -730.5% | -259.6% | -39.2% |
| EPS (₹) | 1.46 | 0.04 | (1.15) | (1.58) | (9.72) | (9.58) | (4.23) |
| Balance sheet | |||||||
| Total assets | 5.76 | 2.90 | 3.09 | 24.26 | 28.88 | 47.72 | 70.36 |
| Net worth | (7.34) | (10.15) | (10.23) | (8.21) | (5.17) | 13.53 | 32.07 |
| Total debt | 7.07 | 7.05 | 8.78 | 32.47 | 34.05 | 34.19 | 38.29 |
| Cash & bank | 0.03 | 0.06 | 0.29 | 0.18 | 0.17 | 0.05 | 0.42 |
| Net working capital | 3.25 | 0.23 | (1.67) | (4.54) | 0.56 | 18.84 | 46.77 |
| Cash flow | |||||||
| Cash from operations | (0.88) | (0.20) | (21.16) | 2.12 | (2.05) | 10.83 | 6.45 |
| Cash from investing | 0.88 | 1.83 | 23.86 | (0.50) | 2.30 | (6.91) | (4.22) |
| Cash from financing | (0.03) | (1.86) | (2.60) | (1.62) | (0.10) | (4.29) | (3.08) |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
| Particulars | Dec 2021 |
|---|---|
| Revenue | 0.00 |
| Other income | 0.00 |
| EBITDA | 0.00 |
| Depreciation | 0.00 |
| Interest | 0.00 |
| Profit before tax | 0.00 |
| Tax | 0.00 |
| Net profit | 0.00 |
| EPS (₹) | 0.00 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Revenue | 2.82 | 7.10 | 20.81 | 136 | 140 | 107 | 92.71 |
| Revenue growth | -60.3% | -65.9% | -84.7% | -3.4% | +30.6% | - | - |
| Other income | 2.56 | 1.26 | 2.98 | 0.29 | 0.52 | 0.42 | 0.38 |
| Total expenses | 23.58 | 25.05 | 26.99 | 129 | 129 | 100 | 86.36 |
| Employee cost | 0.13 | 0.33 | 0.71 | 1.12 | 0.98 | 0.72 | 0.39 |
| EBITDA | (20.76) | (17.95) | (6.18) | 6.65 | 11.26 | 7.25 | 6.35 |
| EBITDA margin | -736.2% | -252.8% | -29.7% | +4.9% | +8.0% | +6.8% | +6.9% |
| Depreciation | 0.49 | 1.62 | 1.66 | 1.66 | 0.05 | 1.62 | 1.41 |
| Interest | 0.00 | 0.12 | 3.28 | 4.79 | 4.43 | 4.22 | 3.94 |
| Profit before tax | (18.69) | (18.43) | (8.14) | 0.49 | 7.30 | 1.83 | 1.38 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 1.70 | 0.61 | 0.44 |
| Net profit | (20.59) | (18.43) | (8.14) | 0.51 | 5.60 | 1.22 | 0.92 |
| Net profit margin | -730.1% | -259.6% | -39.1% | +0.4% | +4.0% | +1.1% | +1.0% |
| EPS (₹) | (9.72) | (9.58) | (4.23) | 0.26 | 7.98 | 11.08 | 8.53 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 19.24 | 19.24 | 19.24 | 19.24 | 7.02 | 1.10 | 1.10 |
| Reserves & surplus | (24.41) | (5.71) | 12.84 | 20.98 | 16.03 | 14.67 | 12.28 |
| Shareholders' funds (net worth) | (5.17) | 13.53 | 32.08 | 40.22 | 23.05 | 15.77 | 13.38 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.14 |
| Secured loans | 29.05 | 29.41 | 29.56 | 31.35 | 30.40 | 27.63 | 28.97 |
| Unsecured loans | 5.00 | 4.78 | 8.73 | 7.23 | 6.02 | 5.19 | 5.54 |
| Total debt | 34.05 | 34.19 | 38.29 | 38.58 | 36.42 | 32.82 | 34.51 |
| Total liabilities | 28.88 | 47.72 | 70.37 | 78.79 | 59.47 | 48.59 | 48.04 |
| Assets | |||||||
| Gross block | 3.65 | 27.79 | 27.77 | 27.94 | 27.91 | 20.28 | 19.56 |
| Net block | 1.78 | 15.90 | 17.28 | 18.80 | 20.19 | 12.16 | 14.67 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.19 | 0.19 | 0.44 | 0.41 | 0.40 | 0.65 | 0.24 |
| Inventories | 0.25 | 4.75 | 20.15 | 24.14 | 12.94 | 14.62 | 14.10 |
| Sundry debtors | 3.35 | 23.52 | 36.70 | 35.55 | 27.47 | 22.33 | 19.09 |
| Cash & bank balances | 0.18 | 0.05 | 0.42 | 1.27 | 1.46 | 0.07 | 0.04 |
| Loans & advances | 1.39 | 3.44 | 16.26 | 3.64 | 3.64 | 0.69 | 1.31 |
| Total current assets | 5.17 | 31.76 | 73.53 | 64.60 | 45.51 | 37.71 | 34.54 |
| Total current liabilities | 4.61 | 12.92 | 26.76 | 6.58 | 6.58 | 4.53 | 2.51 |
| Net working capital | 0.56 | 18.84 | 46.77 | 58.02 | 38.93 | 33.18 | 32.03 |
| Total assets | 28.88 | 47.72 | 70.37 | 78.79 | 59.47 | 48.59 | 48.04 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.04 | 0.42 | 1.27 | 1.46 | 0.61 | 0.24 | - |
| Net cash from operating activities | (2.05) | 10.83 | 6.45 | (10.00) | 5.71 | 3.75 | - |
| Net cash from investing activities | 2.30 | (6.91) | (4.23) | (1.78) | (7.36) | 2.21 | - |
| Net cash from financing activities | (0.10) | (4.29) | (3.08) | 11.57 | 2.50 | (6.13) | - |
| Net change in cash | 0.14 | (0.38) | (0.85) | (0.20) | 0.85 | (0.17) | - |
| Closing cash | 0.18 | 0.05 | 0.42 | 1.27 | 1.46 | 0.07 | - |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -60.3% | -65.9% | -84.7% | -3.4% | +30.6% | - | - |
| EBITDA growth | -15.7% | -190.5% | -192.9% | -40.9% | +55.3% | - | - |
| PBT growth | -1.4% | -126.4% | - | -93.3% | +298.9% | +32.6% | -8.0% |
| Net income growth | -11.7% | -126.4% | -1696.1% | -90.9% | +359.0% | - | - |
| Revenue CAGR (3Y) | -72.5% | -63.0% | -42.1% | +13.5% | +14.8% | - | - |
| EBITDA CAGR (3Y) | - | - | - | +1.6% | +26.3% | - | - |
| Profitability & leverage | |||||||
| Net income margin | -662.8% | -259.6% | -39.1% | +0.4% | +4.0% | +1.1% | +1.0% |
| Return on capital employed | 0.0% | 0.0% | -6.5% | +7.7% | +21.7% | +12.4% | +12.1% |
| Return on net worth | 0.0% | 0.0% | -22.5% | +1.6% | +28.9% | +8.1% | +7.7% |
| Debt / equity | 8.16 | 1.59 | 1.06 | 1.19 | 1.78 | 2.22 | 2.62 |
| Long-term debt / equity | 2.72 | 0.50 | 0.37 | 0.49 | 0.61 | 0.59 | 0.80 |
| Interest cover | 0.00 | -0.61 | -41.84 | 95.99 | 39.52 | 74.96 | 79.76 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.18 | 0.26 | 0.75 | 4.85 | 5.82 | 5.42 | 5.87 |
| Inventory turnover | 1.13 | 0.57 | 0.94 | 7.31 | 10.18 | 7.44 | 5.67 |
| Debtors turnover | 0.21 | 0.24 | 0.58 | 4.30 | 5.63 | 5.21 | 5.94 |
| EPS (₹) | (9.72) | (9.58) | (4.23) | 0.26 | 7.98 | 11.08 | 8.53 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (2.69) | 7.03 | 16.68 | 20.90 | 32.83 | 143.12 | 121.49 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 9.10 | 6.23 | 3.64 | (2.07) | 2.82 | 7.10 | 20.81 |
| Revenue growth | +46.1% | +71.2% | +275.9% | -173.4% | -60.3% | -65.9% | - |
| Other income | 1.33 | 1.94 | 2.68 | 0.72 | 2.56 | 1.26 | 2.97 |
| Total expenses | 7.31 | 7.69 | 6.92 | 1.20 | 23.59 | 25.05 | 26.99 |
| Employee cost | 0.00 | 0.29 | 0.14 | 0.10 | 0.13 | 0.33 | 0.71 |
| EBITDA | 1.79 | (1.46) | (3.28) | (3.27) | (20.77) | (17.95) | (6.18) |
| EBITDA margin | +19.7% | -23.4% | -90.1% | +158.0% | -736.5% | -252.8% | -29.7% |
| Depreciation | 0.27 | 0.28 | 0.25 | 0.20 | 0.25 | 1.62 | 1.66 |
| Interest | 0.05 | 0.13 | 1.36 | 0.30 | 0.24 | 0.12 | 3.28 |
| Profit before tax | 2.80 | 0.07 | (2.21) | (3.05) | (18.70) | (18.43) | (8.15) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 1.47 | (1.15) | (4.27) | (3.17) | (20.60) | (18.43) | (8.15) |
| Net profit margin | +16.2% | -18.5% | -117.3% | +153.1% | -730.5% | -259.6% | -39.2% |
| EPS (₹) | 1.46 | 0.04 | (1.15) | (1.58) | (9.72) | (9.58) | (4.23) |
| 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 | 19.24 | 19.24 | 19.24 | 19.24 | 19.24 | 19.24 | 19.24 |
| Reserves & surplus | (26.58) | (29.39) | (29.47) | (27.45) | (24.41) | (5.71) | 12.83 |
| Shareholders' funds (net worth) | (7.34) | (10.15) | (10.23) | (8.21) | (5.17) | 13.53 | 32.07 |
| Secured loans | 0.01 | 0.00 | 1.48 | 28.79 | 29.05 | 29.41 | 29.56 |
| Unsecured loans | 7.06 | 7.05 | 7.30 | 3.68 | 5.00 | 4.78 | 8.73 |
| Total debt | 7.07 | 7.05 | 8.78 | 32.47 | 34.05 | 34.19 | 38.29 |
| Total liabilities | 5.76 | 2.90 | 3.09 | 24.26 | 28.88 | 47.72 | 70.36 |
| Assets | |||||||
| Gross block | 3.03 | 2.88 | 2.97 | 3.50 | 3.84 | 27.79 | 27.77 |
| Net block | 1.40 | 1.52 | 1.35 | 1.68 | 1.97 | 15.90 | 17.28 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.19 | 0.42 |
| Inventories | 0.15 | 0.49 | 0.00 | 2.12 | 0.25 | 4.75 | 20.15 |
| Sundry debtors | 5.53 | 4.10 | 12.97 | 1.30 | 3.35 | 23.52 | 36.70 |
| Cash & bank balances | 0.03 | 0.06 | 0.29 | 0.18 | 0.17 | 0.05 | 0.42 |
| Loans & advances | 2.03 | 1.55 | 1.13 | 0.65 | 1.40 | 3.44 | 16.26 |
| Total current assets | 7.74 | 6.20 | 14.39 | 4.25 | 5.17 | 31.76 | 73.53 |
| Total current liabilities | 4.49 | 5.97 | 16.06 | 8.79 | 4.61 | 12.92 | 26.76 |
| Net working capital | 3.25 | 0.23 | (1.67) | (4.54) | 0.56 | 18.84 | 46.77 |
| Total assets | 5.76 | 2.90 | 3.09 | 24.26 | 28.88 | 47.72 | 70.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.06 | 0.29 | 0.18 | 0.17 | 0.04 | 0.42 | 1.27 |
| Net cash from operating activities | (0.88) | (0.20) | (21.16) | 2.12 | (2.05) | 10.83 | 6.45 |
| Net cash from investing activities | 0.88 | 1.83 | 23.86 | (0.50) | 2.30 | (6.91) | (4.22) |
| Net cash from financing activities | (0.03) | (1.86) | (2.60) | (1.62) | (0.10) | (4.29) | (3.08) |
| Net change in cash | (0.03) | (0.22) | 0.10 | 0.01 | 0.14 | (0.38) | (0.85) |
| Closing cash | 0.03 | 0.06 | 0.29 | 0.18 | 0.17 | 0.05 | 0.42 |
| 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 | +46.1% | +71.2% | +275.9% | -173.4% | -60.3% | -65.9% | - |
| EBITDA growth | +222.6% | +55.5% | -0.3% | +84.3% | -15.7% | -190.5% | - |
| PBT growth | +3900.0% | +9998.0% | +27.5% | +83.7% | -1.5% | -126.1% | - |
| Net income growth | +227.8% | +73.1% | -34.7% | +84.6% | -11.8% | -126.1% | - |
| Revenue CAGR (3Y) | - | +30.2% | -20.0% | - | -72.5% | -63.0% | -42.1% |
| EBITDA CAGR (3Y) | - | -58.7% | -43.3% | -19.1% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +30.8% | +1.1% | -60.7% | +147.3% | -663.1% | -259.6% | -39.2% |
| Return on capital employed | - | -4.5% | 0.0% | 0.0% | 0.0% | 0.0% | -6.5% |
| Return on net worth | - | -11.2% | 0.0% | 0.0% | 0.0% | 0.0% | -22.5% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 8.16 | 1.59 | 1.06 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 2.72 | 0.50 | 0.37 |
| Interest cover | 3.29 | -7.47 | -38.53 | -8.65 | -1.14 | -0.61 | -41.84 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 1.95 | 1.13 | 0.00 | 0.18 | 0.26 | 0.75 |
| Inventory turnover | - | 25.43 | 3.43 | 0.00 | 1.13 | 0.57 | 0.94 |
| Debtors turnover | - | 0.73 | 0.51 | 0.00 | 0.21 | 0.24 | 0.58 |
| EPS (₹) | 1.46 | 0.04 | (1.15) | (1.58) | (9.72) | (9.58) | (4.23) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (5.27) | (5.32) | (4.27) | (2.69) | 7.03 | 16.67 |
To see the full year-wise statements and ratios of Mahip Industries Limited, buy the company report.
Board of directors of Mahip Industries Limited
Mahip Industries has 4 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Govindram Agrawal | Whole-Time Director | 14 Nov 1995 | 30 Years 11 Months | Current |
| Praveen Singh | Director | 04 Jul 2022 | 4 Years 3 Months | Current |
| Ronakbhai Amratbhai Patel | Director | 30 Aug 2025 | 1 Years 1 Months | Current |
| Kinjal Parmar Also directs: Goblin India Limited | Director | 12 Nov 2024 | 1 Years 11 Months | Current |
Peer comparison
Mahip Industries Limited is compared with the 9 companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mahip Industries Limitedthis company | ₹9.1 Cr (FY 2026) | ₹1.47 Cr | 16.2% | 46.1% | 14 | Ahmedabad, Gujarat, India |
| Colourkart Packaging Private Limited | ₹6.56 Cr (FY 2024) | -8.0% | Chandigarh, India | |||
| Shukra Packaging Private Limited | ₹6.55 Cr (FY 2024) | -22.0% | Mysore, Karnataka, India | |||
| Visipak Private Limited | ₹6.51 Cr (FY 2024) | 55.0% | Hyderabad, Telangana, India | |||
| Siyaram Packagers Private Limited | ₹6.48 Cr (FY 2024) | -35.0% | Uttar Pradesh, India | |||
| Amarnath Manufacturer Private Limited | ₹6.43 Cr (FY 2025) | 63.0% | Kotda Sanghani, Gujarat, India | |||
| Uttrakhand Ethyl Chem Private Limited | ₹6.37 Cr (FY 2025) | -3.0% | Muzaffarnagar, Uttar Pradesh, India | |||
| Usaka Electrotech Private Limited | ₹6.37 Cr (FY 2025) | 3.0% | Uttar Pradesh, India | |||
| Shel Tubing Private Limited | ₹6.33 Cr (FY 2025) | 5.0% | Uttar Pradesh, India | |||
| M K B Print & Pack Solutions Private Limited | ₹6.31 Cr (FY 2024) | -9.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Mahip Industries Limited, buy the company report.
Auditor
Mahip Industries Limited is audited by JIGAR SHAH & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JIGAR SHAH & ASSOCIATES | FY 2021 | 128263W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 64.30%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 35.70%.
Sep 2026
QUARTER
64.30% Promoters
35.70% Retail & Others
Promoter holding - history
Now 64.30% · Sep 2026High 65.40% · Dec 2025Low 64.30% · Jun 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 64.30% | 64.30% | 64.40% | 65.40% |
| Public | 35.70% | 35.70% | 35.60% | 34.60% |
Charges & borrowings
Open charges
None
Satisfied charges
₹92.56 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Dec 2017 | 100148755 | Others | ₹29.54 Cr | Satisfied | |
| 12 Oct 2017 | 100143275 | Others | ₹27.83 Cr | Satisfied | |
| 31 Aug 2017 | 100131314 | Others | ₹4 Cr | Satisfied | |
| 01 Oct 2009 | 10186221 | Canara Bank | ₹5.5 Lakh | Satisfied | |
| 28 Aug 2006 | 10049268 | Canara Bank | ₹30.82 Cr | Satisfied |
To see the full charge records of Mahip Industries Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Mahip Industries Limited has 1 deal on record (1 ipo); the latest was in March 2019.
Total deals
1
IPO
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | IPO | ₹16.63 Cr | Investors: Public Investors |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mahip Industries Limited has 43 court cases on record: 7 filed by Mahip Industries, 36 filed against it. 11 cases are pending and 32 are disposed.
Total cases
43
Filed by the company
7
Filed against the company
36
Pending
11
Disposed
32
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 33 | 31 | 10 |
| High courts | 6 | 3 | 0 |
| NCLT | 4 | 2 | 1 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Dhani Loans and Services Ltd | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Sintex-Bapl Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by Reliance Commercial Finance Limited Power Holder Dhiraj Parmar | Disposed |
| District court, GANDHINAGAR, Gujarat | Criminal miscellaneous application | Filed against the company by Reliance Commercial Finance Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Smrva Infrastructure Projects Pvt Ltd and 1 other | Disposed |
To see the full case history of Mahip Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Mahip Industries Limited was last rated by Care on 10 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 10 Aug 2022 |
To see the full credit ratings and regulatory alerts of Mahip Industries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mahip Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Mahip Industries has 1 associated company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Mahip Industries Limited has a workforce of 14 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
14
Active EPFO establishments
1
Employee growth
-44%
GST
Mahip Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACC7720L1ZQ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahip Industries Limited, buy the company report.
Recent activity
Mahip Industries Limited has 24 board changes on record since 1995: 14 appointments and 10 cessations. The latest: Omkar Patel ceased to be Director on 30 Aug 2025.
Filing
Mahip Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Mahip Industries Limited last Annual general meeting of members was held on 23 Sep 2025 as per latest MCA records.
Ceased
Omkar Patel ceased to be Director.
Appointed
Ronakbhai Amratbhai Patel was appointed as Director.
Charges
A charge registered on 31 Aug 2017 via Charge ID 100131314 with Others was fully satisfied on 30 Apr 2025.
Appointed
Kinjal Parmar was appointed as Director.
Ceased
Dhwani Jaspalsinh Solanki ceased to be Additional Director.
Appointed
Dhwani Jaspalsinh Solanki was appointed as Additional Director.
Ceased
Riddhi Rajendra Kumar ceased to be Director.
Charges
A charge registered on 12 Dec 2017 via Charge ID 100148755 with Others was fully satisfied on 30 Sep 2023.
Charges
A charge registered on 12 Oct 2017 via Charge ID 100143275 with Others was fully satisfied on 30 Sep 2023.
Appointed
Praveen Singh was appointed as Director.
33 earlier events are in the company report.
Frequently asked questions
Mahip Industries is an active public limited company based in Ahmedabad, Gujarat, India. The company works in paper, within the packaging industry. It was incorporated on 14 November 1995 (31+ years old) and is registered under CIN L15549GJ1995PLC028116. Listed on BSE: 542503.
Mahip Industries reported revenue of ₹9.1 Cr for FY 2025-26 (up 46.1% YoY) based on standalone financials.
Mahip Industries has 4 current directors:
- Rajiv Govindram Agrawal - Whole-Time Director
- Praveen Singh - Director
- Ronakbhai Amratbhai Patel - Director
- Kinjal Parmar - Director
The latest financial statements of Mahip Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahip Industries is 24AAACC7720L1ZQ, registered in Gujarat.
The CIN (Corporate Identification Number) of Mahip Industries is L15549GJ1995PLC028116. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Mahip Industries is a listed company as per MCA records. Its shares are listed on BSE (code: 542503).
Mahip Industries has 43 court cases on record: 7 filed by the company and 36 filed against it. 11 are pending. Most are in the district courts.
Mahip Industries was incorporated on 14 November 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mahip Industries has 1 deal on record (1 ipo); the latest was in March 2019.
The peers of Mahip Industries by revenue are Colourkart Packaging Private Limited, Shukra Packaging Private Limited, Visipak Private Limited, Siyaram Packagers Private Limited, Amarnath Manufacturer Private Limited and 4 more, all in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).