Mihika Industries Ltd. · CashKonnect

About

Mihika Industries Limited engages in the trading and distribution of commodities and fabrics in India. It also trades in agriculture goods and materials, as well as involved in the commission agents and investment businesses. The company was formerly known as Ashish Vanijya Pratishthan Limited and changed its name to Mihika Industries Limited on May 05, 1995. Mihika Industries Limited was incorporated in 1983 and is based in Ahmedabad, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	0.45	0.45	0.22	0.35	1.66	27.77	0.55	6.34	0.08	6.20	0.00	0.00	0.00
Expenses	0.58	0.60	0.34	0.44	1.79	28.52	0.53	6.01	0.15	6.18	0.16	0.34	0.20
Operating Profit	-0.13	-0.15	-0.12	-0.09	-0.13	-0.75	0.02	0.33	-0.07	0.02	-0.16	-0.34	-0.20
OPM %	-28.89	-33.33	-54.55	-25.71	-7.83	-2.70	3.64	5.21	-87.50	0.32	—	—	—
Other Income	0.14	0.14	0.14	0.15	0.15	-0.20	0.27	0.26	0.26	0.27	0.13	0.25	0.23
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.01	-0.01	0.02	0.06	0.02	-0.95	0.29	0.59	0.19	0.29	-0.03	-0.09	0.03
Tax %	0.00	-300.00	50.00	33.33	50.00	-23.16	24.14	25.42	26.32	0.00	0.00	0.00	33.33
Net Profit	0.01	0.01	0.01	0.04	0.01	-0.73	0.21	0.44	0.14	0.29	-0.03	-0.09	0.03
EPS in Rs	0.01	0.01	0.01	0.04	0.01	-0.73	0.21	0.44	0.14	0.29	-0.03	-0.09	0.03

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	2.68	34.74	6.20	0.00	1.76	1.78	2.04	1.77	1.83	1.77	1.23	1.11
Expenses	3.17	35.23	6.89	4.45	3.20	3.21	3.45	3.42	3.26	3.14	1.90	1.66
Operating Profit	-0.49	-0.49	-0.69	-4.45	-1.44	-1.43	-1.41	-1.65	-1.43	-1.37	-0.67	-0.55
OPM %	-18.28	-1.41	-11.13	—	-81.82	-80.34	-69.12	-93.22	-78.14	-77.40	-54.47	-49.55
Other Income	0.58	0.60	0.88	1.21	1.42	1.21	1.34	1.21	1.30	1.50	0.69	0.57
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.00	0.00	0.00
Profit before tax	0.09	0.11	0.19	-3.24	-0.02	-0.22	-0.07	-0.45	-0.14	0.13	0.02	0.02
Tax %	0.00	54.55	10.53	-25.62	0.00	-27.27	-28.57	-22.22	-28.57	15.38	50.00	0.00
Net Profit	0.09	0.05	0.18	-2.42	-0.02	-0.16	-0.05	-0.35	-0.09	0.11	0.01	0.02
EPS in Rs	0.09	0.05	0.18	-2.42	-0.02	-0.16	-0.05	-0.35	-0.09	0.11	0.01	0.02
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Reserves	11.97	11.88	11.83	11.65	14.07	14.09	14.25	14.29	14.64	14.74	14.75	14.74
Borrowings	0.16	0.16	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	0.03	0.02	0.18	0.43	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00
Total Liabilities	22.16	22.06	22.02	22.08	24.07	24.09	24.25	24.29	24.64	24.74	24.76	24.74
Fixed Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.33	0.12	0.04	0.04	0.81	0.93	0.43	0.92	1.29
Other Assets	22.16	22.06	22.02	21.75	23.95	24.05	24.21	23.48	23.70	24.30	23.83	23.45
Total Assets	22.16	22.06	22.02	22.08	24.07	24.09	24.25	24.29	24.64	24.74	24.76	24.74

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	-2.88	19.89	-0.86	0.48	0.20	-1.51	-2.49	-2.37	0.70	-2.19	0.60	3.76
Cash from Investing Activity	2.89	-20.07	0.33	-0.27	-0.03	1.52	2.11	1.33	0.79	1.85	-2.15	-5.17
Cash from Financing Activity	0.00	0.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.92	0.49
Net Cash Flow	0.01	-0.02	-0.53	0.21	0.17	0.02	-0.38	-1.04	1.49	-0.35	-0.63	-0.92
Free Cash Flow	-2.88	19.89	-0.86	0.48	0.20	-1.51	-2.49	-2.37	0.70	-2.20	0.60	3.76
CFO/OP %	588.00	-4,065.00	123.00	-13.00	-14.00	106.00	177.00	144.00	-51.00	158.00	-90.00	-684.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	213.82	9.46	365.00	—	0.00	34.86	12.52	0.00	0.00	41.24	59.35	65.77
Inventory Days	290.74	0.00	0.00	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	6.46
Days Payable	3.78	—	—	—	—	—	—	—	—	—	—	0.00
Cash Conversion Cycle	500.79	9.46	365.00	—	0.00	34.86	12.52	0.00	0.00	41.24	59.35	72.23
Working Capital Days	528.43	7.99	1,219.81	—	4,838.32	4,841.38	4,267.28	4,693.45	4,395.96	4,990.40	6,935.00	7,352.61
ROCE %	0.41	0.50	0.55	-13.91	-0.42	-1.41	-0.33	-1.14	-0.73	-1.66	0.00	-0.65

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	47.14	47.14	47.14	47.14	47.14	47.14	47.14	47.14	47.14	47.14	47.14	47.14
Public	52.85	52.85	52.87	52.87	52.86	52.86	52.86	52.86	52.86	52.85	52.86	52.86
No. of Shareholders	981	969	961	967	948	953	945	859	795	594	526	439