Mcon Rasayan India LimitedMCONCorporate

Paints / Varnishes Latest results: Mar 2026 9 quarters of data

₹40.45

MCap ₹30 Cr · P/E 9.7

Mcon Rasayan India Limited — Stock analysis & AI research Mcon Rasayan India Limited — Seasonality — best & worst months Mcon Rasayan India Limited — Live exchange announcements

🏭 Consumer Durables 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.

₹37 Cr

Sales · Mar 2026

+26.3% YoY

₹4 Cr

Operating Profit · Mar 2026

+80.8% YoY

11.7%

OPM % · Mar 2026

+42.7% YoY

₹2 Cr

Net Profit · Mar 2026

+76.5% YoY

₹2.46

EPS · Mar 2026

+77.0% YoY

📝 Mcon Rasayan India Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Mcon Rasayan India Limited reported revenue of ₹37 crore for the quarter ended March 2026 (Q4 FY26), up 26.3% from ₹29 crore in the same quarter last year.

Net profit rose 76.5% year-on-year to ₹2 crore, from ₹1 crore. Earnings per share (EPS) came in at ₹2.46.

Operating profit stood at ₹4 crore — an operating margin (OPM) of 11.7%, compared with 8.2% in the year-ago quarter.

Full year and trailing twelve months

On a trailing-twelve-month (TTM) basis, revenue stands at ₹65 crore with a net profit of ₹3 crore.

Valuation snapshot

At the current price of ₹40.45, MCON has a market capitalisation of ₹30 crore and a trailing P/E of about 9.7.

Within the Paints / Varnishes industry, it is the 3rd-largest of the 3 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 57.41%, foreign institutional investors (FIIs) 0.00%, domestic institutional investors (DIIs) 3.48%, public shareholders 39.11% of Mcon Rasayan India Limited.

Promoter holding rose from 57.32% to 57.41% 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 ?

₹30 Cr

Current Price ?

₹40.5

P/E ?

9.73below ind

Industry P/E ?

20.20

P/B ?

0.82

P/S ?

0.45

P/FCF ?

12.90

Enterprise Value ?

₹48 Cr

EV/EBITDA ?

6.25

PEG ?

0.25

Earnings Yield ?

12.1%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹65 Cr

OPM ?

11.7%

Profit after tax (TTM) ?

₹3 Cr

EPS (TTM) ?

₹4.16

ROCE ?

11.1%

ROE ?

8.4%

ROA ?

4.0%

Growth

Sales — latest qtr ?

₹37 Cr

PAT — latest qtr ?

₹2 Cr

YoY qtr sales growth ?

26.3%

YoY qtr profit growth ?

76.5%

Sales growth (3y) ?

28%

Sales growth (5y) ?

49%

Profit growth (3y) ?

39%

Profit growth (5y) ?

74%

Financial Health

Debt ?

₹18 Cr

Debt to Equity ?

0.50

Interest Coverage ?

N/A

Current Ratio ?

N/A

Ownership

Promoter holding ?

57.41%

Change in promoter holding ?

-9.24%

Pledged percentage ?

N/A

Market

Return 3 months ?

-9.7%

Return 6 months ?

-23.7%

🗓️ Quarterly results (9 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026	YoY %	QoQ %
Sales	12	13	18	17	25	22	29	28	37	+26.3%	—
Operating Profit	1	1	1	2	3	3	2	3	4	+80.8%	—
Other Income	0	0	0	0	0	0	1	0	0	-88.2%	—
Interest	0	0	0	0	1	1	1	1	1	+3.0%	—
Depreciation	0	0	0	0	1	1	1	1	1	-7.2%	—
Profit Before Tax	0	1	1	1	2	2	1	2	2	+124.5%	—
Net Profit	0	1	0	1	1	1	1	1	2	+76.5%	—
EPS	2.13	3.57	0.75	1.73	1.84	2.00	1.39	1.71	2.46	+77.0%	—
OPM %	6.8%	10.7%	7.2%	11.7%	13.2%	16.0%	8.2%	11.8%	11.7%	+42.7%	—

📆 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 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	6.30	6.30	7.33	7.34	+0.1%
Reserves	7.07	9.35	25.85	28.91	+11.8%
Borrowings	8.47	15.96	19.64	18.17	-7.5%
Other Liabilities	8.47	14.01	18.08	22.30	+23.3%
Total Liabilities	30.31	45.62	70.90	76.72	+8.2%
Fixed Assets	1.13	9.78	14.99	15.27	+1.9%
CWIP	5.69	5.43	0.42	0.07	-83.3%
Investments	0.00	0.00	0.00	0.00	—
Other Assets	23.49	30.41	55.49	61.38	+10.6%
Total Assets	30.31	45.62	70.90	76.72	+8.2%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	-5.26	3.93	-14.12	4.09	+129.0%
Cash from Investing Activity	-4.68	-9.47	-2.04	-1.79	+12.3%
Cash from Financing Activity	10.12	5.97	16.85	-3.23	-119.2%
Net Cash Flow	0.19	0.42	0.70	-0.92	-231.4%
Free Cash Flow	-9.94	-5.55	-16.19	2.30	+114.2%
CFO/OP	-188%	81%	-221%	56%	+125.3%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	121.00	148.76	163.02	164.93	+1.2%
Inventory Days	150.31	198.62	483.11	326.68	-32.4%
Days Payable	160.39	212.44	276.09	203.74	-26.2%
Cash Conversion Cycle	110.92	134.94	370.04	287.87	-22.2%
Working Capital Days	92.96	41.38	157.17	135.95	-13.5%
ROCE %	14.60%	17.32%	11.11%	11.06%	-0.5%

👥 Shareholding (latest 4 periods)

Metric	Sep 2024	Mar 2025	Sep 2025	Mar 2026	% Chg
Promoters	66.65%	57.32%	57.32%	57.41%	+0.2%
FIIs	1.51%	4.12%	1.73%	0.00%	-100.0%
DIIs	0.00%	2.62%	3.48%	3.48%	+0.0%
Public	31.85%	35.94%	37.47%	39.11%	+4.4%
No. of Shareholders	486	638	684	636	-7.0%

⚖️ Peer comparison

Industry: Paints / Varnishes · 3 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	INDIGOPNTS Indigo Paints	₹1,098.90	5,245	32.6	1,466	163	18.6%	11.1%	4.7%	3.8%	19.6%	60.4%
2	SHALPAINTS Shalimar Paints	₹79.00	661	—	559	-69	-4.8%	-12.4%	-4.1%	19.7%	-10.1%	-26.0%
3	MCON MCON Rasayan	₹186.35	137	44.7	65	3	11.7%	4.7%	—	—	26.3%	76.5%

❓ Frequently asked questions

What was Mcon Rasayan India Limited's revenue in Q4 FY26?