About Muller and Phipps (India) Limited
Data last updated:
Muller and Phipps (India) Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the health and beauty retail and distribution segment of the consumer goods sector. It was incorporated on 12 October 1917 and has been in existence for over 109 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L63090MH1917PLC007897. Its GSTIN is 27AAACM3247N1Z8 (Maharashtra). The company holds 14 GST registrations, of which 5 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 501477.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹62.5 Lakh. It is led by directors including Mohan Pallavur Vathukkat (Whole-Time Director) and Milan Bhupendra Dalal.
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 204 Madhava Commercial Premises C – 4 Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹5.63 Cr, a decline of 4.9% compared to the previous year. For the same year it recorded a net loss of ₹4 Lakh (net margin -0.7%) and EBITDA of -₹1.23 Cr (EBITDA margin -21.8%). Total assets are valued at ₹1.75 Cr (down 7.9% YoY).
Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: M&P. As per MCA filings, the company has satisfied charges of ₹6.25 Cr on record. Court records list 17 cases involving the company, including 5 filed by the company and 12 filed against it; 2 cases are pending. The company has 11 deals on record (11 market trades); the latest was in May 2015.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mulphico.co.in.
Company details
CIN history
Muller and Phipps (India) has one previous CIN (Corporate Identification Number): L63090MH1917PTC007897. The current CIN is L63090MH1917PLC007897, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L63090MH1917PLC007897 | Current |
| L63090MH1917PTC007897 | Previous |
Contact details
Muller and Phipps (India) Limited's registered office is in Mumbai, Maharashtra. Its website is mulphico.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address204 Madhava Commercial Premises C – 4 Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051
- IndustryConsumer Goods, Health & Beauty Retail & Distribution
To see the full contact details of Muller and Phipps (India) Limited, buy the company report.
- 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
Brands
Muller and Phipps (India) operates one associated brand: M&P. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Distribution and marketing services are provided by M&P in India. | mulphico.co.in |
Business activity
The main business activity of Muller and Phipps (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Muller and Phipps (India) Limited, buy the company report.
Financials of Muller and Phipps (India) Limited
FY 2025-26 filings availableMuller and Phipps (India) Limited reported revenue of ₹5.63 Cr (down 4.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue 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 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5.63 | 5.92 | 4.14 | 3.91 | 3.67 | 3.97 | 3.62 |
| Revenue growth | -4.9% | +43.0% | +5.9% | +6.5% | -7.6% | +9.7% | - |
| EBITDA | (1.23) | (0.96) | (0.03) | 0.05 | 0.17 | 0.25 | 0.11 |
| EBITDA margin | -21.9% | -16.2% | -0.7% | +1.3% | +4.6% | +6.3% | +3.0% |
| Profit before tax | (0.04) | (0.75) | 0.73 | 0.22 | 0.44 | 1.73 | 0.36 |
| Net profit | (0.04) | (0.75) | 0.33 | 0.22 | 0.44 | 0.39 | 0.36 |
| Net profit margin | -0.7% | -12.7% | +8.0% | +5.6% | +12.0% | +9.8% | +9.9% |
| EPS (₹) | (0.76) | (12.11) | 11.65 | 3.40 | 6.96 | 27.63 | 5.63 |
| Balance sheet | |||||||
| Total assets | 1.75 | 1.90 | 2.56 | 2.09 | 2.16 | 2.02 | 0.59 |
| Net worth | (2.07) | (2.07) | (1.29) | (2.02) | (2.23) | (2.66) | (4.35) |
| Total debt | 0.75 | 0.82 | 0.77 | 1.04 | 1.31 | 1.59 | 1.86 |
| Cash & bank | 0.13 | 0.12 | 0.50 | 0.11 | 0.25 | 0.52 | 0.13 |
| Net working capital | (1.91) | (1.76) | (1.08) | (1.52) | (1.49) | (1.51) | (3.70) |
| Cash flow | |||||||
| Cash from operations | 0.12 | (0.42) | 0.72 | 0.21 | 0.11 | 2.16 | 0.15 |
| Cash from investing | 0.00 | (0.01) | (0.02) | 0.00 | 0.00 | (0.01) | (0.03) |
| Cash from financing | (0.11) | 0.05 | (0.32) | (0.34) | (0.38) | (1.76) | (0.26) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.48 | 1.50 | 1.39 | 1.82 | 0.92 | 1.70 | 1.51 | 1.21 |
| Revenue growth (YoY) | +60.9% | -11.8% | -8.0% | +50.4% | -38.3% | - | - | - |
| Other income | 0.32 | 0.08 | 0.06 | 0.06 | 1.07 | 0.07 | 0.09 | 0.06 |
| 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% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Profit before tax | 0.13 | (0.33) | (0.39) | (0.03) | 0.70 | (0.47) | (0.12) | (0.23) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 0.13 | (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) |
| 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 | 5.63 | 5.92 | 4.14 | 3.91 | 3.67 | 3.97 | 3.62 |
| Revenue growth | -4.9% | +43.0% | +5.9% | +6.5% | -7.6% | +9.7% | - |
| EBITDA | (1.21) | (0.95) | (0.02) | 0.05 | 0.18 | 0.25 | 0.11 |
| EBITDA margin | -21.5% | -16.1% | -0.5% | +1.3% | +4.9% | +6.3% | +3.0% |
| Profit before tax | (0.02) | (0.74) | 0.73 | 0.21 | 0.45 | 1.73 | 0.34 |
| Net profit | (0.02) | (0.74) | 0.33 | 0.21 | 0.45 | 0.39 | 0.34 |
| Net profit margin | -0.4% | -12.5% | +8.0% | +5.4% | +12.3% | +9.8% | +9.4% |
| EPS (₹) | (0.50) | (11.97) | 11.68 | 3.43 | 6.98 | 27.65 | 5.43 |
| Balance sheet | |||||||
| Total assets | 1.78 | 1.91 | 2.57 | 2.10 | 2.17 | 2.04 | 0.61 |
| Net worth | (2.06) | (2.07) | (1.30) | (2.03) | (2.24) | (2.67) | (4.37) |
| Total debt | 0.76 | 0.84 | 0.79 | 1.06 | 1.34 | 1.62 | 1.90 |
| Cash & bank | 0.13 | 0.12 | 0.50 | 0.11 | 0.24 | 0.51 | 0.12 |
| Net working capital | (1.89) | (1.75) | (1.08) | (1.51) | (1.49) | (1.51) | (3.70) |
| Cash flow | |||||||
| Cash from operations | 0.13 | (0.42) | 0.73 | 0.21 | 0.11 | 2.16 | 0.15 |
| Cash from investing | 0.00 | (0.01) | (0.02) | 0.00 | 0.00 | (0.01) | (0.03) |
| Cash from financing | (0.12) | 0.05 | (0.32) | (0.34) | (0.38) | (1.76) | (0.26) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.48 | 1.50 | 1.39 | 1.82 | 0.92 | 1.70 | 1.51 | 1.21 |
| Revenue growth (YoY) | +60.9% | -11.8% | -8.0% | +50.4% | -38.3% | - | - | - |
| Other income | 0.31 | 0.08 | 0.06 | 0.06 | 1.07 | 0.07 | 0.09 | 0.06 |
| Total expenses | 1.65 | 1.89 | 1.82 | 1.88 | 1.27 | 2.22 | 1.70 | 1.48 |
| 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% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Profit before tax | 0.12 | (0.33) | (0.39) | (0.02) | 0.70 | (0.47) | (0.12) | (0.22) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.48 | 1.50 | 1.39 | 1.82 | 0.92 | 1.70 | 1.51 | 1.21 |
| Revenue growth (YoY) | +60.9% | -11.8% | -8.0% | +50.4% | -38.3% | - | - | - |
| Other income | 0.32 | 0.08 | 0.06 | 0.06 | 1.07 | 0.07 | 0.09 | 0.06 |
| 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% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Profit before tax | 0.13 | (0.33) | (0.39) | (0.03) | 0.70 | (0.47) | (0.12) | (0.23) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 0.13 | (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) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5.63 | 5.92 | 4.14 | 3.91 | 3.67 | 3.97 | 3.62 |
| Revenue growth | -4.9% | +43.0% | +5.9% | +6.5% | -7.6% | +9.7% | - |
| Other income | 1.28 | 0.28 | 0.83 | 0.26 | 0.38 | 1.61 | 0.40 |
| Total expenses | 6.86 | 6.88 | 4.17 | 3.86 | 3.50 | 3.72 | 3.51 |
| Employee cost | 2.51 | 2.38 | 1.12 | 1.01 | 1.00 | 1.08 | 1.01 |
| EBITDA | (1.23) | (0.96) | (0.03) | 0.05 | 0.17 | 0.25 | 0.11 |
| EBITDA margin | -21.9% | -16.2% | -0.7% | +1.3% | +4.6% | +6.3% | +3.0% |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest | 0.08 | 0.06 | 0.06 | 0.08 | 0.10 | 0.12 | 0.14 |
| Profit before tax | (0.04) | (0.75) | 0.73 | 0.22 | 0.44 | 1.73 | 0.36 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (0.04) | (0.75) | 0.33 | 0.22 | 0.44 | 0.39 | 0.36 |
| Net profit margin | -0.7% | -12.7% | +8.0% | +5.6% | +12.0% | +9.8% | +9.9% |
| EPS (₹) | (0.76) | (12.11) | 11.65 | 3.40 | 6.96 | 27.63 | 5.63 |
| 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 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 |
| 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 interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.75 | 0.82 | 0.77 | 1.04 | 1.31 | 1.59 | 1.86 |
| Total debt | 0.75 | 0.82 | 0.77 | 1.04 | 1.31 | 1.59 | 1.86 |
| Total liabilities | 1.75 | 1.90 | 2.56 | 2.09 | 2.16 | 2.02 | 0.59 |
| Assets | |||||||
| Gross block | 0.97 | 0.97 | 0.97 | 0.95 | 0.95 | 0.95 | 0.94 |
| Net block | 0.05 | 0.06 | 0.06 | 0.05 | 0.06 | 0.07 | 0.06 |
| 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 | 0.00 | 0.00 |
| Inventories | 0.16 | 0.10 | 0.16 | 0.17 | 0.19 | 0.12 | 0.14 |
| Sundry debtors | 1.78 | 1.76 | 0.83 | 0.95 | 0.72 | 0.49 | 0.30 |
| Cash & bank balances | 0.13 | 0.12 | 0.50 | 0.11 | 0.25 | 0.52 | 0.13 |
| Loans & advances | 0.16 | 0.08 | 0.12 | 0.13 | 0.02 | 0.02 | 0.02 |
| Total current assets | 2.23 | 2.06 | 1.61 | 1.36 | 1.18 | 1.15 | 0.59 |
| Total current liabilities | 4.14 | 3.82 | 2.69 | 2.88 | 2.67 | 2.66 | 4.29 |
| Net working capital | (1.91) | (1.76) | (1.08) | (1.52) | (1.49) | (1.51) | (3.70) |
| Total assets | 1.75 | 1.90 | 2.56 | 2.09 | 2.16 | 2.02 | 0.59 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.12 | 0.50 | 0.11 | 0.25 | 0.52 | 0.13 | 0.27 |
| Net cash from operating activities | 0.12 | (0.42) | 0.72 | 0.21 | 0.11 | 2.16 | 0.15 |
| Net cash from investing activities | 0.00 | (0.01) | (0.02) | 0.00 | 0.00 | (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 cash | 0.01 | (0.38) | 0.39 | (0.13) | (0.27) | 0.39 | (0.14) |
| Closing cash | 0.13 | 0.12 | 0.50 | 0.11 | 0.25 | 0.52 | 0.13 |
| 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 | -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 employed | 0.0% | 0.0% | +5.7% | +4.1% | +7.2% | +6.6% | +12.0% |
| Return on net worth | 0.0% | 0.0% | +11.5% | +7.3% | +15.0% | +13.5% | -38.8% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -6.45 | -6.19 | -150.00 | 200.00 | 62.50 | 50.00 | 140.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.80 | 6.10 | 4.31 | 4.12 | 3.86 | 4.20 | 3.91 |
| Inventory turnover | 43.31 | 45.54 | 25.09 | 21.72 | 23.68 | 30.54 | 34.48 |
| Debtors turnover | 3.18 | 4.57 | 4.65 | 4.68 | 6.07 | 10.05 | 10.20 |
| EPS (₹) | (0.76) | (12.11) | 11.65 | 3.40 | 6.96 | 27.63 | 5.63 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (33.26) | (33.24) | (20.78) | (32.35) | (35.68) | (42.56) | (69.76) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.48 | 1.50 | 1.39 | 1.82 | 0.92 | 1.70 | 1.51 | 1.21 |
| Revenue growth (YoY) | +60.9% | -11.8% | -8.0% | +50.4% | -38.3% | - | - | - |
| Other income | 0.31 | 0.08 | 0.06 | 0.06 | 1.07 | 0.07 | 0.09 | 0.06 |
| Total expenses | 1.65 | 1.89 | 1.82 | 1.88 | 1.27 | 2.22 | 1.70 | 1.48 |
| 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% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Profit before tax | 0.12 | (0.33) | (0.39) | (0.02) | 0.70 | (0.47) | (0.12) | (0.22) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5.63 | 5.92 | 4.14 | 3.91 | 3.67 | 3.97 | 3.62 |
| Revenue growth | -4.9% | +43.0% | +5.9% | +6.5% | -7.6% | +9.7% | - |
| Other income | 1.28 | 0.28 | 0.83 | 0.26 | 0.38 | 1.61 | 0.38 |
| Total expenses | 6.84 | 6.87 | 4.16 | 3.86 | 3.49 | 3.72 | 3.51 |
| Employee cost | 2.51 | 2.38 | 1.12 | 1.01 | 1.00 | 1.08 | 1.01 |
| EBITDA | (1.21) | (0.95) | (0.02) | 0.05 | 0.18 | 0.25 | 0.11 |
| EBITDA margin | -21.5% | -16.1% | -0.5% | +1.3% | +4.9% | +6.3% | +3.0% |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest | 0.08 | 0.06 | 0.07 | 0.09 | 0.10 | 0.12 | 0.14 |
| Profit before tax | (0.02) | (0.74) | 0.73 | 0.21 | 0.45 | 1.73 | 0.34 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | (0.02) | (0.74) | 0.33 | 0.21 | 0.45 | 0.39 | 0.34 |
| Net profit margin | -0.4% | -12.5% | +8.0% | +5.4% | +12.3% | +9.8% | +9.4% |
| EPS (₹) | (0.50) | (11.97) | 11.68 | 3.43 | 6.98 | 27.65 | 5.43 |
| 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 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 |
| 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 loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.76 | 0.84 | 0.79 | 1.06 | 1.34 | 1.62 | 1.90 |
| Total debt | 0.76 | 0.84 | 0.79 | 1.06 | 1.34 | 1.62 | 1.90 |
| Total liabilities | - | - | 2.57 | 2.10 | 2.17 | 2.04 | 0.61 |
| Assets | |||||||
| Gross block | 0.97 | 0.97 | 0.97 | 0.95 | 0.95 | 0.95 | 0.94 |
| Net block | 0.05 | 0.06 | 0.06 | 0.05 | 0.06 | 0.07 | 0.07 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventories | 0.16 | 0.10 | 0.16 | 0.17 | 0.19 | 0.12 | 0.14 |
| Sundry debtors | 1.78 | 1.76 | 0.83 | 0.95 | 0.72 | 0.49 | 0.30 |
| Cash & bank balances | 0.13 | 0.12 | 0.50 | 0.11 | 0.24 | 0.51 | 0.12 |
| Loans & advances | 0.16 | 0.08 | 0.12 | 0.13 | 0.02 | 0.01 | 0.02 |
| Total current assets | 2.23 | 2.06 | 1.61 | 1.36 | 1.17 | 1.13 | 0.58 |
| Total current liabilities | 4.12 | 3.81 | 2.69 | 2.87 | 2.66 | 2.64 | 4.28 |
| Net working capital | (1.89) | (1.75) | (1.08) | (1.51) | (1.49) | (1.51) | (3.70) |
| Total assets | 1.78 | 1.91 | 2.57 | 2.10 | 2.17 | 2.04 | 0.61 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.12 | 0.50 | 0.11 | 0.24 | 0.51 | 0.12 | 0.26 |
| Net cash from operating activities | 0.13 | (0.42) | 0.73 | 0.21 | 0.11 | 2.16 | 0.15 |
| Net cash from investing activities | 0.00 | (0.01) | (0.02) | 0.00 | 0.00 | (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 cash | 0.01 | (0.38) | 0.39 | (0.13) | (0.27) | 0.39 | (0.14) |
| Closing cash | 0.13 | 0.12 | 0.50 | 0.11 | 0.24 | 0.51 | 0.12 |
| 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 | -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 employed | 0.0% | 0.0% | +5.8% | +4.2% | +11.6% | +38.4% | +11.6% |
| Return on net worth | 0.0% | 0.0% | +11.5% | +7.3% | +419.1% | -11.1% | -37.6% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -6.56 | -6.25 | -233.33 | 225.00 | 58.82 | 50.00 | 140.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.80 | 6.10 | 4.31 | 4.12 | 3.86 | 4.20 | 3.91 |
| Inventory turnover | 43.31 | 45.54 | 25.09 | 21.72 | 23.68 | 30.54 | 34.48 |
| Debtors turnover | 3.18 | 4.57 | 4.65 | 4.68 | 6.07 | 10.05 | 10.20 |
| EPS (₹) | (0.50) | (11.97) | 11.68 | 3.43 | 6.98 | 27.65 | 5.43 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (33.03) | (33.26) | (20.94) | (32.54) | (35.90) | (42.81) | (70.02) |
To see the full year-wise statements and ratios of Muller and Phipps (India) Limited, buy the company report.
Board of directors of Muller and Phipps (India) Limited
Muller and Phipps (India) has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohan Pallavur Vathukkat | Whole-Time Director | 10 May 2019 | 7 Years 6 Months | Current |
| Milan Bhupendra Dalal Also directs: Foods and Inns Limited, Mpil Corporation Ltd, Gateway International Private Limited and 5 more | Director | 31 Jul 2006 | 20 Years 3 Months | Current |
| Raymond Simkins Also directs: Foods and Inns Limited, Getz Bros Private Limited | Director | 18 Jul 1982 | 44 Years 3 Months | Current |
| Adityapuram Venkatraman Seshadrinathan | Director Appointed In Casual Vacancy | 25 Jan 2020 | 6 Years 9 Months | Current |
| Venu Krishnan | Director | 11 Mar 2019 | 7 Years 7 Months | Current |
| Hinal Manthan Shah | Director | 12 Aug 2025 | 1 Years 2 Months | Current |
Auditor
Muller and Phipps (India) Limited is audited by K. F. Jetsey & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. F. Jetsey & Co. | FY 2023 | 104209W |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 51.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 48.40%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 51.60% | 51.60% | 51.60% | 51.60% |
| Public | 48.40% | 48.40% | 48.40% | 48.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Apr 2005 | 80064334 | State Bank of India | ₹6.25 Cr | Satisfied |
To see the full charge records of Muller and Phipps (India) Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Muller and Phipps (India) Limited has 11 deals on record (11 market trades); the latest was in May 2015.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2015 | Market trade | ₹10.5 Lakh | Buyer: Pursarth Trading Company Private Limited Seller: Ornate Talcum Private Limited |
| Aug 2010 | Market trade | ₹10.4 Lakh | Buyer: an individual Seller: 2 individuals |
| Aug 2010 | Market trade | ₹21.8 Lakh | Buyer: 2 individuals Seller: Ornate Talcum Private Limited , an individual |
| Feb 2008 | Market trade | ₹22.7 Lakh | Buyer: Varun Finstock Private Limited , an individual Seller: Varun Finstock Private Limited , an individual |
| Feb 2008 | Market trade | ₹18.2 Lakh | Buyer: Varun Finstock Private Limited , an individual Seller: Varun Finstock Private Limited , an individual |
To see the full deal history of Muller and Phipps (India) Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Muller and Phipps (India) Limited has 17 court cases on record: 5 filed by Muller and Phipps (India), 12 filed against it. 2 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 1 |
| High courts | 5 | 2 | 1 |
| Supreme Court | 4 | 2 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Interim or miscellaneous application | Filed against the company by Carbons Pvt Ltd Power House Road Distt Raipur | Disposed |
| District court, Nashik, Maharashtra | Civil suit | Filed against the company by Tanay Pharma THR Prop Laxmikant Ratanlal Goud | Pending |
| Bombay High Court | Writ petition | Filed by the company against State of Maharashtra | Pending |
| District court, Jabalpur, Madhya Pradesh | Court case (UN CR) | Filed against the company by National Ins. Co. Ltd. | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-2 | Disposed |
To see the full case history of Muller and Phipps (India) 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Muller and Phipps (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Muller and Phipps (India) has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Muller and Phipps Agencies Limited | U51900MH1981PLC025416 | |
| Muller and Phipps (Industrial Services) Limited | U74140MH1988PLC047489 |
To see the full group structure of Muller and Phipps (India) Limited, buy the company report.
Employees & EPFO
Muller and Phipps (India) Limited has 1 active EPFO establishment as of Apr 04, 2024.
GST
Muller and Phipps (India) has 14 GST registrations: 5 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM3247N1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 07AAACM3247N1ZA | Delhi | Active | 01 Jul 2017 |
| 09AAACM3247N1Z6 | Uttar Pradesh | Active | 01 Jul 2017 |
| 19AAACM3247N1Z5 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Muller and Phipps (India) Limited, buy the company report.
Recent activity
Muller and Phipps (India) Limited has 16 board changes on record since 1982: 11 appointments and 5 cessations. The latest: Kamlini Chaitan Maniar ceased to be Director on 23 Sep 2025.
9 earlier events are in the company report.
Frequently asked questions
Muller and Phipps (India) is an active public limited company based in Mumbai, Maharashtra, India. The company works in health and beauty retail and distribution, within the consumer goods industry. It was incorporated on 12 October 1917 (109+ years old) and is registered under CIN L63090MH1917PLC007897. Listed on BSE: 501477.
Muller and Phipps (India) reported revenue of ₹5.63 Cr for FY 2025-26 (down 4.9% YoY) based on consolidated financials.
Muller and Phipps (India) has 6 current directors:
- Mohan Pallavur Vathukkat - Whole-Time Director
- Milan Bhupendra Dalal - Director
- Raymond Simkins - Director
- Adityapuram Venkatraman Seshadrinathan - Director Appointed In Casual Vacancy
- Venu Krishnan - Director
- Hinal Manthan Shah - Director
The latest financial statements of Muller and Phipps (India) 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 Muller and Phipps (India) is 27AAACM3247N1Z8, registered in Maharashtra. The company has 14 GST registrations in all, of which 5 are active and 9 are cancelled or inactive. Other active GSTINs include 07AAACM3247N1ZA (Delhi), 09AAACM3247N1Z6 (Uttar Pradesh), 19AAACM3247N1Z5 (West Bengal).
The CIN (Corporate Identification Number) of Muller and Phipps (India) is L63090MH1917PLC007897. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Muller and Phipps (India) is a listed company as per MCA records. Its shares are listed on BSE (code: 501477).
Muller and Phipps (India) has 17 court cases on record: 5 filed by the company and 12 filed against it. 2 are pending. Most are in the district courts.
Muller and Phipps (India) was incorporated on 12 October 1917, making it 109+ years old. It is registered with the Registrar of Companies, Mumbai.
Muller and Phipps (India) has 11 deals on record (11 market trades); the latest was in May 2015.
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