Mohit Industries Limited (MOHITIND)
₹21.92 -0.14% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Mohit Industries' revenue was ₹24.8 Cr (-23.0% year on year, -32.6% on the previous quarter), and net profit ₹-0.3 Cr (a smaller loss than a year earlier); the operating margin was -2.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹24.8 | -23.0% | -32.6% |
| Operating profit | ₹-0.6 | to loss | to loss |
| Net profit | ₹-0.3 | loss narrowed | to loss |
| EPS (₹) | -0.21 | loss narrowed | to loss |
| Operating margin | -2.4% | — | — |
MOHITIND delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 81.52% of the MOHITIND shares traded on NSE were taken to delivery, against the stock's own 20-session average of 75.83%. That is close to its usual level. Turnover was only ₹1 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 62.3% · 91.8% · 90.5% · 65.4% · 81.5%
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
Mohit Industries Limited has submitted its confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The certificate from Registrar and Share Transfer Agent Adroit Corporate Services confirms that dematerialisation requests received during the period were processed, verified, and cancelled/mutilated within 15 days. Depositories have been substituted in the register of members as the registered owners. This is a purely procedural regulatory compliance filing with no impact on operations or financials.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018.
- Covers dematerialisation activities for the quarter ended September 30, 2026.
- RTA Adroit Corporate Services confirmed physical share certificates were mutilated and cancelled within 15 days.
- Filing signed on October 06, 2026, following the RTA letter dated October 03, 2026.
Mohit Industries Limited has issued the notice for its 36th Annual General Meeting (AGM) scheduled for September 30, 2026. Key agenda items include the adoption of FY26 financials and shareholder approval for material related party transactions involving up to ₹15 Cr (₹1,500 Lakhs) in unsecured borrowings from promoters/directors. The proposed borrowing represents 10.72% of FY26 consolidated turnover (and ~45% of current market cap of ₹33 Cr) to support operational cash flows.
- 36th AGM scheduled for September 30, 2026 at 12:00 Noon IST via Video Conferencing.
- Seeking approval for unsecured borrowings up to ₹1,500 Lakhs (₹15 Cr) from promoter-directors for FY 2026-27.
- Proposed related party transaction equals 10.72% of the company's preceding financial year turnover.
- Cut-off date for remote e-voting set for September 23, 2026; e-voting window open from September 26 to September 29, 2026.
Mohit Industries Limited has informed the exchanges that Zinal Modi has tendered her resignation from the position of Company Secretary and Compliance Officer (ACS No: A70660). The resignation is effective from the close of business hours on August 12, 2026, citing personal reasons and to pursue outside professional opportunities. The small-cap textile company (market cap ₹33 Cr) will need to appoint a successor to manage corporate compliance.
- Zinal Modi resigned as Company Secretary and Compliance Officer effective August 12, 2026
- Resignation cited personal reasons and pursuit of professional growth opportunities
- Filing confirms necessary statutory filings with the Registrar of Companies will follow
- Company trades at a market cap of ₹33 Cr with TTM revenue of ₹132 Cr
Mohit Industries held a board meeting on August 12, 2026, to approve Q1 FY27 results and manage key leadership transitions. The company appointed Mr. Jatin Kharwa as Company Secretary and Compliance Officer, succeeding Ms. Zinal Modi. Notably, the statutory auditor issued a qualified opinion due to the company's failure to provide for post-employment benefits as per Ind AS 19, a recurring accounting deviation. The company continues to operate with high leverage (Debt/Equity of 2.07) and thin margins (TTM OPM 1.7%).
- Appointment of Mr. Jatin Kharwa as Company Secretary and Compliance Officer effective August 12, 2026.
- Statutory auditor issued a qualified report for the quarter ended June 30, 2026, regarding non-provision of employee benefits.
- 36th Annual General Meeting (AGM) scheduled for September 30, 2026, at 12:00 Noon.
- Management cited solar power generation as a strategic cost-optimization measure to support operating performance.
- Company maintains significant associate holdings: 49.25% in Mohit Overseas Limited and 49.48% in Mohit Yarns Limited.
Mohit Industries (Mcap ‡36 Cr) announced the appointment of Mr. Jatin Kharwa as Company Secretary and Compliance Officer effective August 12, 2026, following the resignation of Ms. Zinal Modi. The Board approved Q1 FY27 results, which notably carry a statutory auditor qualification regarding the non-provisioning of post-employment benefits, a deviation from Ind AS 19. Management maintains these liabilities are negligible and will be handled on a cash basis. The company also scheduled its 36th Annual General Meeting for September 30, 2026.
- Appointment of Mr. Jatin Kharwa as CS and Compliance Officer with over 5 years of post-qualification experience.
- Statutory auditor qualification issued for non-compliance with Ind AS 19 regarding employee benefit accruals.
- 36th Annual General Meeting (AGM) scheduled for September 30, 2026, at 12:00 Noon.
- Company holds significant stakes in two associates: Mohit Overseas (49.25%) and Mohit Yarns (49.48%).
- Management highlighted cost-optimization through solar power generation as a support for operating performance.
Mohit Industries approved its Q1 FY27 financial results for the period ended June 30, 2026, alongside a change in its Company Secretary. The statutory auditor issued a qualified opinion due to the company's failure to provide for post-employment benefits on an accrual basis, a deviation from Ind AS 19. Management highlighted that increased solar power generation is helping optimize energy costs, though the company remains in a tight financial position with a TTM PAT of Rs -1 Cr and a high Debt-to-Equity ratio of 2.07. The 36th Annual General Meeting is scheduled for September 30, 2026.
- Statutory auditor issued a qualified opinion regarding non-provisioning for Post-Employment Benefits under Ind AS 19.
- Mr. Jatin Kharwa appointed as Company Secretary and Compliance Officer effective August 12, 2026, bringing 5+ years of experience.
- 36th Annual General Meeting (AGM) scheduled for September 30, 2026, via video conferencing.
- Management reported improved utilization of solar power capacity to support operating performance.
- TTM Revenue of Rs 140 Cr is significant relative to the small market capitalization of Rs 36 Cr.
Mohit Industries reported a standalone net profit of ₹0.11 Cr for Q1 FY27, marking a turnaround from a loss of ₹0.43 Cr in the same quarter last year. Revenue grew 16.4% YoY to ₹37.52 Cr, supported by cost-optimization through solar power generation. The company also announced a change in its Key Managerial Personnel, with Jatin Kharwa taking over as Company Secretary. However, auditors have qualified the report due to non-compliance with Ind AS 19 regarding employee benefit provisions.
- Revenue increased 16.4% YoY to ₹37.52 Cr from ₹32.24 Cr in the June 2025 quarter.
- Net Profit turned positive at ₹0.11 Cr compared to a net loss of ₹0.43 Cr in Q1 FY26.
- Operating performance was supported by increased solar power generation, reducing energy costs.
- Auditors flagged a deviation from Ind AS 19 for not providing post-employment benefits on an accrual basis.
- Appointed Jatin Kharwa as Company Secretary and Compliance Officer effective August 12, 2026.
Mohit Industries approved its Q1 FY27 financial results and announced a change in its Key Managerial Personnel. Mr. Jatin Kharwa has been appointed as the Company Secretary and Compliance Officer, effective August 12, 2026, following the resignation of Ms. Zinal Modi. The statutory auditor issued a qualified opinion regarding the company's failure to provide for post-employment benefits on an accrual basis, a deviation from Ind AS 19. Management continues to focus on cost-optimization through solar power generation to support its thin operating margins (TTM OPM 1.7%).
- Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
- Mr. Jatin Kharwa appointed as CS and Compliance Officer with over 5 years of post-qualification experience.
- Statutory auditor raised a qualification regarding non-compliance with Ind AS 19 for employee benefit accounting.
- The 36th Annual General Meeting (AGM) is scheduled for September 30, 2026.
- Management highlighted solar power generation as a key driver for energy cost savings during the quarter.
Mohit Industries has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that all physical share certificates received for dematerialization during the quarter ended June 30, 2026, were processed and cancelled. The company's Registrar and Share Transfer Agent, Adroit Corporate Services Private Limited, verified that the depository names were updated in the register of members within the required 15-day period. This is a standard administrative procedure with no impact on the company's financial performance or business strategy.
- Compliance certificate submitted for the quarter ended June 30, 2026
- Dematerialization requests processed and confirmed within the mandated 15 days
- Registrar and Share Transfer Agent confirmed as Adroit Corporate Services Private Limited
- Verification includes the mutilation and cancellation of physical security certificates
Mohit Industries Limited has announced the closure of its trading window for all designated persons and their relatives effective July 01, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, preceding the announcement of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are declared. Investors should note that the company is currently navigating a period of financial stress, with a TTM PAT of Rs -1 Cr and a high Debt-to-Equity ratio of 2.07.
- Trading window closure effective from July 01, 2026, for the Q1 FY27 results cycle.
- Window to remain closed until 48 hours after the declaration of Unaudited Financial Results.
- Company reported TTM revenue of Rs 140 Cr with a thin OPM of 1.7%.
- Board meeting date for the results declaration to be intimated in due course.
Mohit Industries Limited has submitted machine-readable copies of its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditor, Rajendra Sharma & Associates, issued a qualified opinion because the company failed to account for post-employment benefits on an accrual basis, violating Ind AS-19. Consequently, the company's reported profit may be overstated as the quantum of these unrecorded liabilities is currently unknown. Additionally, the board approved the appointment of new Internal and Cost Auditors for the 2026-27 financial year.
- Audited financial results for FY26 submitted following an NSE request for legible, machine-readable formats.
- Statutory auditors issued a qualified opinion due to non-compliance with Ind AS-19 regarding employee benefits.
- The company records post-employment benefits on a cash basis rather than an accrual basis, potentially overstating net profit.
- Mr. Hemal Kahar appointed as Internal Auditor for FY 2026-27.
- M/s. Nainesh Kantliwala & Co. appointed as Cost Auditors for FY 2026-27.
Mohit Industries reported its audited financial results for FY26, which were marked by a net loss and a significant qualified audit opinion. The statutory auditors highlighted a departure from Ind AS-19, noting that the company failed to provide for post-employment benefits on an accrual basis. This accounting discrepancy implies that employee benefit expenses are likely understated, potentially masking the true extent of the reported losses. Additionally, the board has appointed new internal and cost auditors for the 2026-27 fiscal year.
- Auditors issued a qualified opinion due to non-provisioning of post-employment benefits on an accrual basis, violating Ind AS-19.
- The company reported a net loss for both the quarter and the full financial year ended March 31, 2026.
- Mr. Hemal Kahar has been appointed as the Internal Auditor for the financial year 2026-27.
- M/s. Nainesh Kantliwala & Co. was appointed as the Cost Auditor for the 2026-27 fiscal period.
- The quantum of deviation in profit/loss due to the accounting departure could not be ascertained by the auditors.
Narayan Sitaram Saboo, representing the promoter group of Mohit Industries Limited, has filed a mandatory disclosure under Regulation 31(4) of SEBI (SAST) Regulations. The declaration confirms that the promoter group has not created any new encumbrances or pledges on their shareholding during the financial year 2025-2026, other than those previously disclosed. This filing covers 13 distinct entities and individuals within the promoter group, including Mask Investments Limited and Mohit Yarns Limited. Such disclosures are standard annual compliance procedures to maintain transparency regarding promoter shareholding stability.
- Annual declaration submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Promoter group confirms zero new direct or indirect encumbrances on shares for the financial year 2025-26.
- Disclosure encompasses 13 promoter entities, including key individuals and associated private companies.
- Entities involved include Narayan Sitaram Saboo, Mask Investments Limited, and Mohit Overseas Limited.
Mohit Industries Limited has announced the closure of its trading window for all designated persons starting April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of audited financial results for the quarter and financial year ending March 31, 2026. The window will remain closed until 48 hours after the results are officially disclosed to the stock exchanges. The company will announce the specific date for the board meeting to approve these results in due course.
- Trading window closure to take effect from April 1, 2026.
- Closure is related to the Audited Financial Results for the quarter and year ending March 31, 2026.
- Trading restriction applies to designated persons and their immediate relatives.
- Window will reopen 48 hours after the financial results are declared.
Mohit Industries reported a 22.7% YoY increase in standalone revenue to ₹3628.86 Lacs for the quarter ended December 31, 2025. While the company remains in a net loss position of ₹29.58 Lacs, this is an improvement from the ₹57.17 Lacs loss in the same quarter last year. On a consolidated basis, Total Comprehensive Income surged to ₹4315.08 Lacs, primarily driven by a significant ₹3793.23 Lacs gain in other comprehensive income from associates. Management expects future profitability to improve due to relaxed BIS guidelines allowing for cheaper raw material imports and normalized solar power generation.
- Standalone revenue from operations grew 22.7% YoY to ₹3628.86 Lacs from ₹2957.89 Lacs.
- Standalone net loss narrowed to ₹29.58 Lacs in Q3 FY26 compared to a loss of ₹57.17 Lacs in Q3 FY25.
- Consolidated Total Comprehensive Income reached ₹4315.08 Lacs, boosted by ₹3793.23 Lacs in OCI from associate companies.
- Auditor issued a qualified opinion regarding non-provisioning for post-employment benefits on an accrual basis (Ind AS 19 deviation).
- Management noted that BIS guideline changes have removed certain raw materials from mandatory compliance, enabling more competitive import pricing.
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents; however, the company reported a Net Loss before tax of INR 0.78 Cr (77.92 Lakhs) for the half-year ended September 30, 2025.
Geographic Revenue Split
Not disclosed in available documents; the company is headquartered in Surat, Gujarat.
Profitability Margins
Net profitability is negative for H1 FY26 with a Total Comprehensive Loss of INR 1.37 Cr (136.58 Lakhs), a significant decline from the FY25 full-year profit of INR 3.23 Cr (323.12 Lakhs).
EBITDA Margin
Operating Profit before working capital changes was negative INR 0.06 Cr (5.91 Lakhs) for H1 FY26, indicating core operations are currently under pressure.
Capital Expenditure
The company made payments for Property, Plant & Equipment totaling INR 0.27 Cr (26.90 Lakhs) during the half-year ended September 30, 2025.
Credit Rating & Borrowing
Finance costs for H1 FY26 were INR 2.02 Cr (202.19 Lakhs). Non-current liabilities increased by 144% from INR 4.57 Cr in March 2025 to INR 11.15 Cr in September 2025.
Operational Drivers
Raw Materials
Specific raw material names are not listed, but the company identifies raw material costs as a primary focus for reduction to support improved profitability.
Capacity Expansion
Not disclosed in available documents; however, Capital Work-in-Progress was recorded at INR 18.20 Cr as of September 30, 2025.
Raw Material Costs
Management is implementing strategies to further reduce raw material costs to support improved profitability in coming periods; specific cost percentages are not disclosed.
Strategic Growth
Growth Strategy
The company is pursuing growth through capital raising, with the Board considering fund infusion via equity shares, rights issues, or QIPs as of October 2025. Additionally, management is focusing on raw material cost reduction to restore margins.
Products & Services
Textile products and yarn (implied by Surat location and industry context), though specific product names are not listed in the snippets.
Market Expansion
The company is exploring fundraising to potentially support expansion or working capital needs.
External Factors
Industry Trends
The industry is facing pressure from raw material costs; the company is positioning itself by seeking to reduce input expenses and potentially raising fresh capital to strengthen its balance sheet.
Competitive Moat
The company maintains a long-standing presence (established 1991) and a Board with deep industry knowledge in the Surat textile hub, though a specific durable moat is not detailed.
Macro Economic Sensitivity
Operations are sensitive to changes in Governmental regulations, tax laws, and general economic development within India.
Geopolitical Risks
The company monitors overseas market conditions, indicating exposure to international trade dynamics.
Regulatory & Governance
Industry Regulations
Operations are subject to Companies Act 2013, SEBI Listing Regulations, and various labor and tax statutes.
Environmental Compliance
The company provides orientation to directors on safety, health, and environment initiatives.
Taxation Policy Impact
The company reported a tax expense/credit resulting in a Total Comprehensive Loss of INR 1.37 Cr; specific tax rate % is not disclosed.
Risk Analysis
Key Uncertainties
Volatility in raw material prices and the ability to successfully raise planned funds are primary uncertainties.
Geographic Concentration Risk
The company's registered office and primary operations are concentrated in Surat, Gujarat.
Credit & Counterparty Risk
Trade receivables stood at INR 11.95 Cr as of September 30, 2025, a slight decrease from INR 12.22 Cr in March 2025.
