Mipco Seamless Rings Gujarat Ltd (505797)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Mipco Seamless' revenue was ₹1.3 Cr, and net profit ₹0.1 Cr (against a loss a year earlier); the operating margin was 4.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1.3 | — | -58.8% |
| Operating profit | ₹0.1 | from loss | -47.0% |
| Net profit | ₹0.1 | from loss | -47.0% |
| EPS (₹) | 0.18 | from loss | -45.5% |
| Operating margin | 4.9% | — | — |
📢 Recent Corporate Announcements
Mipco Seamless Rings (Gujarat) Limited announced that its Board of Directors approved the appointment of M/s. Prity Bishwakaram & Co., Practicing Company Secretaries, as the Secretarial Auditor for FY 2025-26. The approval was granted at the Board meeting held on August 14, 2026, based on the recommendation of the Audit Committee. This filing represents a routine statutory compliance matter under SEBI LODR Regulations and entails no direct financial or operational impact.
- Appointment of M/s. Prity Bishwakaram & Co. as Secretarial Auditor approved on August 14, 2026
- Audit appointment covers the Financial Year 2025-26
- Executed pursuant to Regulation 30 of SEBI LODR Regulations
Mipco Seamless Rings (Gujarat) Limited announced that its Board of Directors approved the appointment of M/s. Prity Bishwakaram & Co., Practicing Company Secretaries, as the Secretarial Auditor for the financial year 2025-26. The appointment was approved at the Board meeting held on August 14, 2026, based on the recommendation of the Audit Committee. This is a mandatory corporate compliance update under SEBI LODR Regulations. The micro-cap company currently operates with a market cap of approximately Rs 8 Cr and TTM revenue of Rs 6 Cr.
- Board approved appointment of M/s. Prity Bishwakaram & Co. as Secretarial Auditor
- Appointment approved at the Board meeting held on August 14, 2026
- Appointed for the Financial Year 2025-26 pursuant to SEBI LODR Regulation 30
Mipco Seamless Rings (Gujarat) reported revenue from operations of ₹1.31 Cr (₹130.58 lakh) for the quarter ended June 30, 2026, compared to nil revenue in Q1 FY26 and ₹3.17 Cr in Q4 FY26. Cost of materials consumed stood at ₹1.25 Cr for the quarter. Paid-up equity capital stood unchanged at ₹3.58 Cr. In addition, the Board approved the appointment of M/s. S.L. Prasad & Co. as Internal Auditor for FY 2026-27 and M/s. Prity Bishwakaram & Co. as Secretarial Auditor for FY 2025-26.
- Revenue from operations reported at ₹130.58 lakh (₹1.31 Cr) vs ₹0.00 in Q1 FY26 and ₹316.66 lakh in Q4 FY26
- Cost of materials consumed recorded at ₹125.00 lakh with inventory change of ₹(8.51) lakh
- Paid-up equity share capital remained constant at ₹358.48 lakh (₹3.58 Cr)
- Appointed M/s. S.L. Prasad & Co., CAs, as Internal Auditor for FY 2026-27
Mipco Seamless Rings Gujarat reported revenue from operations of Rs 130.58 lakh (Rs 1.31 cr) for Q1 ended June 30, 2026, marking a turnaround from Rs Nil in Q1 FY26, but declining 58.8% sequentially from Rs 316.66 lakh in Q4 FY26. Net profit stood at Rs 3.03 lakh compared to a net loss of Rs 8.34 lakh in Q1 FY26 and Rs 11.13 lakh in Q4 FY26. Total expenses for the quarter were Rs 127.55 lakh, driven primarily by raw material costs of Rs 125.00 lakh. Additionally, the board approved the appointments of S.L. Prasad & Co. as Internal Auditor for FY27 and Prity Bishwakaram & Co. as Secretarial Auditor for FY26.
- Q1 FY27 revenue from operations reported at Rs 130.58 lakh vs Rs Nil in Q1 FY26 and Rs 316.66 lakh in Q4 FY26
- Net profit came in at Rs 3.03 lakh compared to a net loss of Rs 8.34 lakh in the corresponding year-ago period
- Cost of materials consumed formed the bulk of expenditure at Rs 125.00 lakh against total expenses of Rs 127.55 lakh
- Paid-up equity share capital stood unchanged at Rs 358.48 lakh with face value of Rs 10 per share
Mipco Seamless Rings Gujarat Ltd has scheduled a board meeting on August 14, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company is a micro-cap with a market capitalization of just Rs 8 Cr and reported a TTM revenue of Rs 4 Cr. Investors will be monitoring if the revenue momentum from the March 2026 quarter (Rs 3.17 Cr) is sustained. The company currently operates with a negative net worth of Rs -1 Cr and zero promoter holding.
- Board meeting scheduled for August 14, 2026, to approve Q1 results
- Results pertain to the three-month period ended June 30, 2026
- Company reported a significant revenue jump to Rs 3.17 Cr in the previous quarter (Mar 2026)
- TTM revenue of Rs 4 Cr represents approximately 50% of the current market cap
- Financial position remains stressed with a negative net worth of Rs -1 Cr
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