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Mahalaxmi Fabric Mills Limited (MFML)

₹20.11 +1.82% last close, 16 Oct

📊 NSE: MFML 🏢 Textiles - Products 📢 Latest filing: 08 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Mahalaxmi Fabric's revenue was ₹30.8 Cr (-8.1% year on year, -19.8% on the previous quarter), and net profit ₹0.0 Cr (-98.5% year on year); the operating margin was 8.8%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹30.8	-8.1%	-19.8%
Operating profit	₹2.7	-2.9%	+63.6%
Net profit	₹0.0	-98.5%	-97.5%
EPS (₹)	0.04	-98.4%	-97.3%
Operating margin	8.8%	—	—

Full quarterly financials → Results calendar →

MFML delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 60.62% of the MFML shares traded on NSE were taken to delivery, against the stock's own 20-session average of 74.8%. That is close to its usual level. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was 0.5 times its average, well below normal.

60.62%Delivery, 16 Oct

74.8%Own 20-session average

0.5×Volume vs its average

₹20.11NSE close · +1.82%

Delivery in the last 5 sessions: 77.0% · 88.9% · 75.4% · 48.0% · 60.6%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Mahalaxmi Fabric Mills Submits Reg 74(5) Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 08 Oct 2026, 11:23 AM

Mahalaxmi Fabric Mills Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, on October 03, 2026. It confirms that securities received for dematerialisation during the quarter were processed and listed on the respective stock exchanges. This is a routine quarterly compliance update with no financial or operational impact.

Compliance certificate submitted under Regulation 74(5) for the quarter ended September 30, 2026
Issued by RTA MUFG Intime India Private Limited (SEBI Reg No. INR000004058)
Certificate dated October 03, 2026 and filed with exchanges on October 08, 2026

💡 Track the company's upcoming Q2 FY27 financial results announcement for updates on core operational and financial performance.

Mahalaxmi Fabric Mills Shareholders Approve All 3 Resolutions at 35th AGM with 100% Majority

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Oct 2026, 03:40 PM

Mahalaxmi Fabric Mills Limited announced the voting results and Scrutinizer's Report for its 35th Annual General Meeting held on September 30, 2026. All three ordinary resolutions—adopting FY26 audited financial statements, re-appointing director Shri Anand J. Parekh, and appointing M/s. Rohit Periwal & Associates as Secretarial Auditor—were passed with requisite majority. Out of 6,991,087 votes polled (representing 65.83% of total paid-up share capital), 6,991,082 votes (100.00%) were cast in favor, with only 5 votes cast against across all resolutions.

All 3 ordinary resolutions approved with ~100.00% favorable votes (6,991,082 shares in favor vs 5 against)
Total shares voted amounted to 6,991,087, accounting for 65.83% of the total paid-up share capital
Adoption of FY26 financial statements and Board/Auditors reports passed
Re-appointment of retiring director Shri Anand Jeetmal Parekh approved
Appointment of M/s. Rohit Periwal & Associates as Secretarial Auditor cleared

💡 Track the upcoming Q2 FY27 operational and financial results to gauge underlying business recovery following the FY25 fire impact and textile margin volatility.

Mahalaxmi Fabric Mills to Hold 35th AGM on September 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Sep 2026, 01:07 PM

Mahalaxmi Fabric Mills Limited has issued the notice for its 35th Annual General Meeting (AGM) scheduled for September 30, 2026, via Video Conferencing. Key agenda items include adopting the audited standalone and consolidated financial statements for FY26 and re-appointing Managing Director Anand Jeetmal Parekh, who retires by rotation. Additionally, the company proposes appointing M/s. Rohit Periwal & Associates as Secretarial Auditor for a 3-year term from FY27 to FY29. The register of members and share transfer books will remain closed from September 24 to September 30, 2026.

35th AGM scheduled for September 30, 2026, at 02:30 p.m. IST via VC/OAVM
Book closure period set from September 24, 2026, to September 30, 2026
Ordinary business includes adoption of FY26 financial statements and director re-appointment
Special business proposes appointment of secretarial auditor for a 3-year term (FY27 to FY29)

💡 Track voting outcomes post-AGM and monitor subsequent quarterly operational performance following subdued FY26 earnings.

Mahalaxmi Fabric Mills Sets Book Closure (Sep 24–30, 2026) for 35th AGM

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Sep 2026, 05:42 PM

Mahalaxmi Fabric Mills Limited has announced the closure of its Register of Members and Share Transfer Books from September 24, 2026, to September 30, 2026. The record date is fixed as September 23, 2026, for determining eligible shareholders for the 35th Annual General Meeting (AGM). The AGM is scheduled to take place on Wednesday, September 30, 2026. This is a standard annual compliance and statutory notification.

Book closure scheduled from September 24, 2026, to September 30, 2026 (both days inclusive)
Record date set for September 23, 2026
35th Annual General Meeting scheduled for September 30, 2026

💡 Track the upcoming AGM proceedings and disclosures regarding FY27 operational recovery and margin trends.

MFML Q1 FY27 Results: Consolidated Revenue at ₹30.81 Cr, Net Profit Drops to ₹0.04 Cr

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 06:49 PM

Mahalaxmi Fabric Mills (MFML) reported a consolidated revenue of ₹30.81 Cr for Q1 FY27, representing a 19.8% decline from the previous quarter (₹38.43 Cr) and an 8.1% decline YoY. The company barely achieved break-even on a consolidated basis with a net profit of just ₹0.04 Cr, down from ₹1.55 Cr in the preceding quarter. The results highlight a sharp divergence between the standalone business, which posted a loss of ₹1.78 Cr, and its subsidiary, Mahalaxmi Exports, which contributed a profit of ₹1.81 Cr.

Consolidated revenue from operations stood at ₹30.81 Cr for the quarter ended June 30, 2026.
Standalone operations reported a net loss of ₹1.78 Cr on revenue of ₹13.88 Cr.
Wholly-owned subsidiary Mahalaxmi Exports Private Limited contributed ₹16.92 Cr to revenue and ₹1.81 Cr to net profit.
Consolidated net profit fell sharply to ₹0.04 Cr from ₹2.59 Cr in the same quarter last year (June 2025).
Total consolidated expenditure for the quarter was ₹31.11 Cr, slightly exceeding revenue from operations.

💡 Investors should monitor the standalone business's ability to return to profitability, as it is currently a drag on the group. Watch for updates on manufacturing throughput efficiency, which has been historically impacted by a major fire incident in 2024.

MFML Appoints Secretarial Auditor for 3-Year Term (FY 2026-27 to FY 2028-29)

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Jul 2026, 06:57 PM

Mahalaxmi Fabric Mills Limited (MFML) has appointed M/s. Rohit Periwal & Associates as its Secretarial Auditor for a three-year period. The appointment, approved by the Board on July 28, 2026, covers Financial Years 2026-27 through 2028-29. This is a standard regulatory compliance move under SEBI (LODR) Regulations. The company currently operates with a small market capitalization of ₹19 Cr and is recovering from operational disruptions caused by a fire in April 2024.

Appointment of M/s. Rohit Periwal & Associates for a fixed 3-year tenure.
The term spans from Financial Year 2026-27 to 2028-2029.
The Board meeting for approval was conducted within 30 minutes (17:15 to 17:45 IST).
The appointed firm is a Peer Reviewed Firm of Company Secretaries (FRN: S2019GJ677700).
Appointment is subject to shareholder approval at the upcoming Annual General Meeting.

💡 Investors should treat this as a routine governance update; focus should remain on the company's ability to improve its -3.0% ROCE and manage its ₹40 Cr debt.

Mahalaxmi Fabric Mills Announces Resignation of Secretarial Auditor

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 27 Jul 2026, 06:24 PM

Mahalaxmi Fabric Mills Limited (MFML) informed the exchanges on July 27, 2026, that its Secretarial Auditor, M/s. Malay Desai & Associates, has resigned with immediate effect. The auditor cited 'pre-occupation with other assignments' and 'personal career goals' as the primary reasons for the cessation. This is a procedural governance update for the micro-cap company, which has a market capitalization of ₹19 crore and TTM revenue of ₹135 crore. The company is expected to appoint a replacement to ensure ongoing regulatory compliance.

Resignation of M/s. Malay Desai & Associates effective from July 27, 2026
Auditor cited pre-occupation with other assignments as the reason for leaving
Company market capitalization stands at approximately ₹19 crore
TTM revenue for the period is ₹135 crore with a debt of ₹40 crore
Auditor provided a 'no objection' for the appointment of a replacement

💡 Investors should monitor the company's next filing for the appointment of a new Secretarial Auditor to ensure there are no gaps in regulatory compliance reporting.

MFML Clarifies Typographical Errors in XBRL Filing for March 2026 Financial Results

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 27 Jul 2026, 03:57 PM

Mahalaxmi Fabric Mills Limited (MFML) has responded to a clarification sought by the National Stock Exchange (NSE) regarding discrepancies in its financial results for the quarter ended March 31, 2026. The company stated that the errors were purely typographical and clerical, occurring specifically within the XBRL filing format. MFML confirmed that the figures in the PDF version of the results, which reported a revenue of ₹38.43 Cr and a net profit of ₹1.55 Cr for the quarter, are accurate and valid. This is a routine administrative correction and does not impact the company's actual financial performance.

Clarification issued on July 03, 2026, in response to an NSE query dated July 02, 2026.
Discrepancies were confined solely to the XBRL submission and do not affect the PDF financial results.
The company maintained its reported March 2026 quarterly revenue of ₹38.43 Cr.
Reported net profit for the March 2026 quarter remains at ₹1.55 Cr.
The company requested the Exchange to treat the matter as duly complied with.

💡 Investors should rely on the PDF versions of the company's financial filings for the most accurate data when XBRL discrepancies are reported. No change in fundamental value is represented by this filing.

MFML Submits Routine Regulation 74(5) Compliance Certificate for Q1 FY2026-27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jul 2026, 04:06 PM

Mahalaxmi Fabric Mills Limited (MFML) has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by its Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, covers the quarter ended June 30, 2026. It confirms that securities received for dematerialization were processed and that the security certificates have been listed on the stock exchanges. This is a standard administrative filing with no impact on the company's financial performance or operations.

Compliance certificate issued for the 1st Quarter ended June 30, 2026
Certificate received from RTA MUFG Intime India Private Limited dated July 01, 2026
Confirms that dematerialized securities are listed on the stock exchanges where earlier securities were listed

💡 No action is required from investors as this is a routine regulatory filing confirming the integrity of the share dematerialization process.

MFML Trading Window to Close from July 1, 2026, for Q1 FY27 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Jun 2026, 03:10 PM

Mahalaxmi Fabric Mills Limited (MFML) has announced the closure of its trading window for designated persons and their immediate relatives starting July 1, 2026. This is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the Q1 FY27 results are made public. The company, which has a TTM revenue of Rs 135 Cr, will announce the specific board meeting date for the results separately.

Trading window closure begins on Wednesday, July 1, 2026
Closure applies to the Q1 financial results for the period ending June 30, 2026
Trading window will re-open 48 hours after the results are declared
Company reported a TTM revenue of Rs 135 Cr and a net worth of Rs 77 Cr
Follows SEBI (Prohibition of Insider Trading) Regulations, 2015

💡 Investors should watch for the upcoming board meeting date announcement to assess the company's Q1 FY27 performance, particularly following the operational impact of the April 2024 fire incident mentioned in historical filings.

Mahalaxmi Fabric Mills Re-appoints Internal and Tax Auditors for FY 2026-27

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 May 2026, 11:55 PM

Mahalaxmi Fabric Mills Limited (MFML) has re-appointed M/s. D. Trivedi & Associates as its Internal Auditor for the financial year 2026-27. Additionally, M/s. Bhanwar Jain & Co. has been re-appointed as the Tax Auditor for the same period. Both firms are established practitioners, with D. Trivedi & Associates having over 30 years of experience and Bhanwar Jain & Co. practicing since 1998. These appointments ensure continuity in the company's internal control and tax compliance frameworks.

Re-appointment of M/s. D. Trivedi & Associates (FRN: 0128309W) as Internal Auditor for FY 2026-27.
Re-appointment of M/s. Bhanwar Jain & Co. (FRN: 117340W) as Tax Auditor for FY 2026-27.
Internal Auditor firm D. Trivedi & Associates brings over 30 years of experience in taxation and audit.
Tax Auditor firm Bhanwar Jain & Co. has been in practice since 1998.
The appointments were approved by the Board of Directors in a meeting held on May 27, 2026.

💡 No action is required as these are routine re-appointments of existing auditors, indicating stability in the company's administrative and compliance processes.

Mahalaxmi Fabric Mills Reports FY26 Net Loss of ₹10.17 Cr; Revenue Declines to ₹52.94 Cr

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 27 May 2026, 11:54 PM

Mahalaxmi Fabric Mills Limited (MFML) reported a weak financial performance for the fiscal year ended March 31, 2026, swinging to a standalone net loss of ₹1016.94 lakhs from a profit of ₹361.59 lakhs in FY25. Annual revenue from operations declined by approximately 16.5% to ₹5293.92 lakhs. Despite a sharp year-on-year increase in Q4 revenue to ₹1455.97 lakhs compared to ₹478.91 lakhs in the previous year's quarter, the company remained loss-making in Q4 with a net loss of ₹82.65 lakhs. The bottom line was significantly pressured by an exceptional loss of ₹741.16 lakhs during the year.

Standalone annual net loss of ₹1016.94 lakhs in FY26 vs a profit of ₹361.59 lakhs in FY25.
Annual revenue from operations dropped to ₹5293.92 lakhs from ₹6345.38 lakhs in the previous year.
Q4 FY26 revenue showed recovery at ₹1455.97 lakhs, up from ₹478.91 lakhs in Q4 FY25.
Exceptional items resulted in a loss of ₹741.16 lakhs for the full year FY26.
Total Standalone Assets decreased to ₹13718.26 lakhs as of March 31, 2026, compared to ₹14889.73 lakhs in the previous year.

💡 Investors should exercise caution as the company has transitioned from a profitable state to a significant net loss on an annual basis. It is advisable to wait for management commentary regarding the nature of the exceptional losses and the strategy for restoring annual profitability.

MFML Confirms Non-Large Corporate Status for FY 2025-26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 15 May 2026, 07:07 PM

Mahalaxmi Fabric Mills Limited (MFML) has submitted its annual disclosure confirming that it does not meet the SEBI criteria to be classified as a 'Large Corporate' for the financial year 2025-26. As a result, the company is not mandated to raise 25% of its incremental borrowings through debt securities. This filing is a routine regulatory requirement under SEBI's framework for debt fund raising. The disclosure indicates that there were no mandatory borrowing requirements or shortfalls for the current or previous block periods.

Confirmed non-applicability of 'Large Corporate' framework for FY 2025-26.
No incremental borrowing was required to be done through debt securities for the block period.
Zero penalty or fine reported for the previous block period of 2024-25 and 2025-26.
The filing complies with SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 and subsequent updates.

💡 This is a routine regulatory disclosure with no impact on business operations or financial health. Investors should continue to track the company's quarterly earnings and core textile business performance.

Mahalaxmi Fabric Mills Appoints Hilery Mashrani as Company Secretary and Compliance Officer

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 14 May 2026, 07:07 PM

Mahalaxmi Fabric Mills Limited (MFML) has officially appointed CS Hilery Hiteshbhai Mashrani as the Company Secretary and Compliance Officer, effective May 14, 2026. This appointment, categorized as a Key Managerial Person (KMP) role, was approved during a Board of Directors meeting held on the same day. Ms. Mashrani holds professional qualifications in CS, LLB, and B.Com, bringing expertise in corporate governance and legal due diligence. The move ensures the company's continued adherence to SEBI (LODR) Regulations and the Companies Act, 2013.

Appointment of CS Hilery Hiteshbhai Mashrani (ICSI Membership No. A79803) as Company Secretary & Compliance Officer.
The appointment was finalized during the Board meeting held on May 14, 2026.
The appointee is a qualified professional with CS, LLB, and B.Com degrees.
The role is designated as a Key Managerial Person (KMP) under Section 203 of the Companies Act, 2013.

💡 This is a routine administrative appointment to fulfill regulatory requirements. No immediate action is required as it does not impact the company's fundamentals or financial outlook.

MFML Revises FY25 Cash Flow Statement to Correct ₹1,803.53 Lakhs Non-Cash Item Classification

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 14 Apr 2026, 06:30 PM

Mahalaxmi Fabric Mills Limited (MFML) has issued a revised Cash Flow Statement for FY 2024-25 following a query from the National Stock Exchange. The correction involves reclassifying ₹1,803.53 lakhs of insurance claim receivables, which were inadvertently treated as cash movements in both operating and investing activities. The company confirmed that this adjustment is purely for presentation purposes to nullify the effect of non-cash items. Crucially, there is no impact on the reported Profit After Tax (PAT), Net Worth, or total net cash flow for the period.

Reclassification of ₹1,803.53 lakhs in the FY25 Cash Flow Statement for both standalone and consolidated accounts.
Correction addresses an insurance claim receivable previously misreported as a cash inflow/outflow due to clerical oversight.
Zero impact on core financial metrics including PAT, EPS, Net Worth, and total net cash flow.
The revision was prompted by a regulatory communication from the NSE dated April 7, 2026.

💡 This is a technical accounting adjustment with no impact on business fundamentals or liquidity. Investors should note the company's compliance with regulatory queries but no change in investment strategy is required.

View All MFML Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue from operations fell 8.9% YoY to INR 155.19 Cr in FY25. Standalone revenue fell 28.1% YoY to INR 64.89 Cr. The Traditional Textiles Processing Division and Wind Power Division are the primary segments.

Geographic Revenue Split

The company caters to both Domestic and Global Markets, though specific percentage splits by region are not disclosed in available documents.

Profitability Margins

Net Profit Margin improved from 0.85% to 5.19% in FY25, largely due to an exceptional item of INR 12.85 Cr. Operating Profit Margin declined from 2.41% to -0.18% due to global textile market volatility.

EBITDA Margin

Operating Profit Margin was -0.18% in FY25, representing a 2.59% decline YoY, reflecting core profitability challenges from market volatility and operational disruptions.

Capital Expenditure

The company invested INR 6.18 Cr in property, plant, and equipment during the first half of FY26 (ended September 30, 2025).

Credit Rating & Borrowing

The Interest Coverage Ratio stood at 4.50 times in FY25, a 32.30% decrease from the previous year. Consolidated interest costs for H1 FY26 were INR 1.59 Cr.

⚙️ Operational Drivers

Raw Materials

High-quality cotton fabric is the primary raw material, though its specific percentage of total cost is not disclosed.

Manufacturing Efficiency

Inventory turnover was 92.04 times in FY25, representing a 31.36% decrease YoY, indicating reduced manufacturing throughput efficiency.

📈 Strategic Growth

Growth Strategy

Growth is targeted through infrastructure upgrades, continuous sourcing of high-quality cotton fabric, and leveraging the Traditional Textiles Processing Division's capabilities in bleaching, dyeing, and printing for global markets.

Products & Services

Bleached, dyed, printed, and finished fabrics used for apparels and home textiles.

Brand Portfolio

Mahalaxmi Fabric Mills.

Market Expansion

The company is focusing on strengthening business relationships and catering to both Domestic and Global Markets.

🌍 External Factors

Industry Trends

The textile industry is experiencing global volatility; the company is positioning itself by focusing on sustainable practices and high-quality fabric processing.

Competitive Moat

Moat is derived from integrated processing capabilities (bleaching to finishing) and a captive wind power division, providing some cost and operational stability.