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Mahickra Chemicals LimitedMAHICKRACorporate

Dyes And Pigments Latest results: Mar 2026 13 quarters of data
Consolidated Standalone
₹286.00
MCap ₹280 Cr · P/E 57.0
Mahickra Chemicals Limited — Stock analysis & AI research Mahickra Chemicals Limited — Seasonality — best & worst months Mahickra Chemicals Limited — Live exchange announcements
🏭 Chemicals sector
AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹57 Cr
Sales · Mar 2026
+31.4% YoY
₹6 Cr
Operating Profit · Mar 2026
+2980.1% YoY
10.5%
OPM % · Mar 2026
+2525.0% YoY
₹4 Cr
Net Profit · Mar 2026
+237.0% YoY
₹4.35
EPS · Mar 2026
+197.9% YoY

📝 Mahickra Chemicals Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Mahickra Chemicals Limited reported revenue of ₹57 crore for the quarter ended March 2026 (Q4 FY26), up 31.4% from ₹43 crore in the same quarter last year.

Net profit rose 237.0% year-on-year to ₹4 crore, from ₹1 crore. Earnings per share (EPS) came in at ₹4.35.

Operating profit stood at ₹6 crore — an operating margin (OPM) of 10.5%, compared with 0.4% in the year-ago quarter.

Full year and trailing twelve months

On a trailing-twelve-month (TTM) basis, revenue stands at ₹106 crore with a net profit of ₹5 crore.

Valuation snapshot

At the current price of ₹286.00, MAHICKRA has a market capitalisation of ₹280 crore and a trailing P/E of about 57.0.

Within the Dyes And Pigments industry, it is the 15th-largest of the 18 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 40.10%, foreign institutional investors (FIIs) 0.00%, domestic institutional investors (DIIs) 0.00%, public shareholders 59.90% of Mahickra Chemicals Limited.

Promoter holding slipped from 48.27% to 40.10% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹280 Cr
Current Price ?
₹286.0
P/E ?
56.96above ind
Industry P/E ?
22.60
P/B ?
4.17
P/S ?
2.64
P/FCF ?
-34.95
Enterprise Value ?
₹296 Cr
EV/EBITDA ?
39.60
PEG ?
3.80
Earnings Yield ?
2.5%
Dividend Yield ?
0.07%
Profitability & Returns
Sales (TTM) ?
₹106 Cr
OPM ?
7.0%
Profit after tax (TTM) ?
₹5 Cr
EPS (TTM) ?
₹5.02
ROCE ?
13.0%
ROE ?
7.3%
ROA ?
5.1%
Growth
Sales — latest qtr ?
₹57 Cr
PAT — latest qtr ?
₹4 Cr
YoY qtr sales growth ?
31.4%
YoY qtr profit growth ?
237.0%
Sales growth (3y) ?
1%
Sales growth (5y) ?
4%
Profit growth (3y) ?
15%
Profit growth (5y) ?
11%
Financial Health
Debt ?
₹16 Cr
Debt to Equity ?
0.24
Interest Coverage ?
N/A
Current Ratio ?
N/A
Ownership
Promoter holding ?
40.10%
Change in promoter holding ?
-11.71%
Pledged percentage ?
N/A
Market
Return 3 months ?
15.0%
Return 6 months ?
27.1%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026 YoY % QoQ %
Sales 45345342605449363545434957 +31.4% —
Operating Profit 01120021-02016 +2980.1% —
Other Income 2121321110210 -100.0% —
Interest 0000000111111 +62.9% —
Depreciation 00000000-00000 -100.0% —
Profit Before Tax 1232222112216 +249.5% —
Net Profit 1122222011114 +237.0% —
EPS 1.541.292.532.052.071.962.090.600.721.661.461.124.35 +197.9% —
OPM % 0.0% 2.9% 2.1% 3.6% 0.3% 0.0% 3.7% 2.1% -0.3% 5.1% 0.4% 3.0% 10.5% +2525.0% —

📆 Annual results (₹ Cr, FY = Apr–Mar)

Annual rollup not yet available We need at least 3 quarters of a fiscal year to compute annual figures. This symbol does not yet have a complete fiscal year in our database.

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 88810 +25.0%
Reserves 24252857 +103.6%
Borrowings 10131516 +6.7%
Other Liabilities 21141714 -17.6%
Total Liabilities 63616897 +42.6%
Fixed Assets 4555 +0.0%
CWIP 0100 —
Investments 0000 —
Other Assets 59556392 +46.0%
Total Assets 63616897 +42.6%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 2-1-0-8 —
Cash from Investing Activity -1-1-0-7 —
Cash from Financing Activity -12025 —
Net Cash Flow 0-009 —
Free Cash Flow 1-2-0-8 —
CFO/OP 149%-75%21%-84% -500.0%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 130119106115 +8.5%
Inventory Days 78143150145 -3.3%
Days Payable 77727351 -30.1%
Cash Conversion Cycle 132190182210 +15.4%
Working Capital Days 100140121152 +25.6%
ROCE % 14%6%10%13% +30.0%

👥 Shareholding (latest 4 periods)

Metric Sep 2024Mar 2025Sep 2025Mar 2026 % Chg
Promoters 51.81%48.57%48.27%40.10% -16.9%
FIIs 0.59%0.59%0.00%0.00% —
DIIs 0.00%0.00%0.00%0.00% —
Public 47.60%50.84%51.73%59.90% +15.8%
No. of Shareholders 351374355485 +36.6%

⚖️ Peer comparison

Industry: Dyes And Pigments · 18 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 SUDARSCHEM Sudarshan Chemical ₹1,155.80 9,202 118.8 9,922 88 6.6% 0.9% 192.6% -33.3% 5.4% 88.0%
2 KIRIINDUS Kiri Industries ₹537.75 3,504 0.6 949 5,847 -19.9% 616.2% -8.9% 2123.4% 54.5% 2768.1%
3 BODALCHEM Bodal Chemicals ₹173.46 2,185 33.4 2,228 66 8.4% 3.0% 14.6% 142.8% 57.0% 178.3%
4 VIDHIING Vidhi Specialty ₹342.35 1,710 32.1 438 53 19.2% 12.1% -0.8% 12.8% 66.2% 31.7%
5 SHREEPUSHK Shree Pushkar ₹487.45 1,576 21.9 1,002 72 10.2% 7.2% 21.1% 19.6% 10.0% 9.4%
6 BHAGERIA Bhageria Industries ₹303.70 1,325 19.2 1,003 68 11.5% 6.7% 47.2% 17.6% 81.3% 208.3%
7 506685 Ultramarine & Pigments ₹398.65 1,164 12.6 831 92 16.5% 11.0% 11.4% 5.3% 30.4% 58.0%
8 SUDARCOLOR Sudarshan Colorants ₹360.90 833 17.4 792 47 7.4% 5.9% — — 5.2% 17.6%
9 ASAHISONG Asahi Songwon ₹367.90 434 12.5 575 34 12.5% 6.0% -4.9% 9.0% 26.0% 633.3%
10 AKSHARCHEM AksharChem India ₹406.70 327 23.2 416 14 8.1% 3.3% 7.6% -109.2% 45.4% 2012.7%
11 PODDARMENT Poddar Pigments ₹279.70 297 19.5 374 15 6.0% 4.1% 1.7% -35.3% -1.2% 11.4%
12 DYNPRO Dynemic Products ₹230.47 286 14.1 371 20 14.0% 5.5% 3.0% 32.9% -8.5% 7.8%
13 DUCOL Ducol Organics ₹123.70 202 51.1 84 4 11.7% 4.8% — — 10.3% 11.8%
14 HPIL Hindprakash Industries ₹118.80 136 38.8 111 4 -2.1% 3.1% 13.0% 66.7% -11.9% 780.3%
15 MAHICKRA Mahickra Chemicals ₹108.85 106 20.4 106 5 7.0% 4.6% — — 31.4% 237.0%
16 PROLIFE Prolife Indust. ₹210.00 86 20.2 55 4 7.5% 7.8% — — -10.5% 200.0%
17 UCL Ushanti Colour ₹59.65 83 — 139 -5 0.7% -3.6% — — 265.2% 66.7%
18 YCCL Yasons Chemex ₹25.00 48 51.0 97 1 -0.6% 1.0% — — 0.8% 68.0%
❓ Frequently asked questions
What was Mahickra Chemicals Limited's revenue in Q4 FY26?
Mahickra Chemicals Limited reported revenue of ₹57 crore for the quarter ended March 2026 (Q4 FY26), up 31.4% from ₹43 crore in the same quarter last year.
What was Mahickra Chemicals Limited's net profit in Q4 FY26?
Net profit rose 237.0% year-on-year to ₹4 crore, from ₹1 crore. Earnings per share (EPS) came in at ₹4.35.
What is MAHICKRA's market capitalisation and P/E ratio?
At the current price of ₹286.00, MAHICKRA has a market capitalisation of ₹280 crore and a trailing P/E of about 57.0.
Who owns Mahickra Chemicals Limited? (shareholding pattern)
As of Mar 2026, promoters held 40.10%, foreign institutional investors (FIIs) 0.00%, domestic institutional investors (DIIs) 0.00%, public shareholders 59.90% of Mahickra Chemicals Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI