Mahip Industries Limited — reporting period: half year and year ended 31 March 2026
The document includes audited standalone financial results, statement of assets & liabilities, cash flow statement, and audit qualification impact statements.
| Description | As at 31.03.2026 Audited | As at 31.03.2025 Audited |
|---|---|---|
| I. Equity and Liabilities | ||
| 1. Shareholder’s Fund | ||
| (a) Equity Share capital | 1,924.00 | 1,924.00 |
| (b) Reserve & Surplus | -2,658.44 | -2,938.75 |
| (c) Money received against share warrants | – | – |
| Total Shareholder’s Fund | -734.44 | -1,014.75 |
| 2. Share application money pending allotment | – | – |
| 3. Non-Current Liabilities | ||
| (a) Long term borrowings | 706.20 | 704.03 |
| (b) Deferred tax liabilities (net) | 22.47 | 22.47 |
| (c) Other long-term liabilities | – | – |
| (d) Long-term provisions | 603.56 | 600.01 |
| Total Non Current Liabilities | 1,332.23 | 1,326.51 |
| 4. Current Liabilities | ||
| (a) Short-Term Borrowings | 0.89 | 0.85 |
| (b) Trade Payables | ||
| (b.1) total outstanding dues of micro enterprises and small enterprises | 36.82 | 31.88 |
| (b.2) total outstanding dues of Creditors other than micro enterprises and small enterprises | 285.71 | 251.70 |
| (c) Other Current Liabilities | 88.26 | 299.28 |
| (d) Short-Term Provisions | 37.75 | 13.62 |
| Total Current Liabilities | 449.42 | 597.32 |
| TOTAL Liabilities | 1,047.20 | 909.08 |
| II. ASSETS | ||
|---|---|---|
| 1. Non-current assets | ||
| Property, Plant and Equipment and Intangible assets | ||
| Property, Plant and Equipment | 140.43 | 152.69 |
| Intangible assets | – | – |
| Capital work-in-progress | – | – |
| Intangible assets under development | – | – |
| Total Property, Plant & Equipment and Intangible Assets | 140.43 | 152.69 |
| Non-current assets | ||
| (a) Deferred tax assets (net) | – | – |
| (b) Long-term loans and advances | 133.57 | 136.42 |
| (c) Other non-current assets | – | – |
| Total Non-Current Assets | 133.57 | 136.42 |
| (2) Current Assets | ||
| (a) Current investments | – | – |
| (b) Inventories | 14.81 | 48.99 |
| (c) Trade receivables | 552.89 | 409.94 |
| (d) Cash and cash equivalents | 2.79 | 6.17 |
| (e) Short-term loans and advances | – | – |
| (f) Other current assets | 202.71 | 154.87 |
| Total Current Assets | 773.20 | 619.97 |
| Total Assets | 1,047.20 | 909.08 |
| Sr. No. | Particulars | Half year Ended 31.03.2026 Audited | Half year Ended 30.09.2025 UnAudited | Half year Ended 31.03.2025 Audited | Year Ended 31.03.2026 Audited | Year Ended 31.03.2025 Audited |
|---|---|---|---|---|---|---|
| 1 | Income from operations | |||||
| a) | Revenue from Operations | 192.90 | 717.56 | 603.03 | 910.47 | 622.81 |
| b) | Other Income | 0.02 | 0.60 | -75.98 | 0.63 | 21.78 |
| 1. Total Income from operations (a+b) | 192.93 | 718.17 | 527.04 | 911.09 | 644.58 | |
| 2 | Expenses | |||||
| a) | Purchase of Stock – in -Trade | 120.40 | 488.06 | 541.60 | 608.46 | 566.33 |
| b) | Changes in Inventories of Finished goods, Stock-in-Trade and Work in Progress | – | – | 12.57 | – | – |
| c) | Operating Expenses | 14.56 | 5.98 | 10.75 | 20.55 | 14.58 |
| d) | Employees Benefit Expenses | 23.42 | 24.83 | 20.53 | 48.25 | 33.95 |
| e) | Depreciation and amortization expenses | 14.17 | 13.03 | 15.73 | 27.19 | 27.60 |
| f) | Finance Costs | 4.74 | 0.16 | 12.71 | 4.90 | 12.81 |
| g) | Other Expenses | 28.24 | 25.82 | 66.07 | 54.05 | 103.66 |
| 2. Total Expenses (a+b+c+d+e+f+g) | 205.52 | 557.87 | 679.95 | 763.40 | 758.92 | |
| 3 | Profit / (Loss) from ordinary activities before exceptional & extraordinary items and Tax (1 – 2) | -12.60 | 160.29 | -152.90 | 147.70 | -114.33 |
| 4 | Exceptional Items & Prior Period Items | -38.42 | -94.20 | -122.43 | -132.61 | -122.43 |
| 5 | Profit / (Loss) from ordinary activities before extraordinary items & tax (3 – 4) | 25.82 | 254.49 | -30.47 | 280.31 | 8.10 |
| 6 | Extraordinary items | – | – | – | – | – |
| 7 | Profit / (Loss) before tax (5-6) | 25.82 | 254.49 | -30.47 | 280.31 | 8.10 |
| 8 | Tax Expenses | – | – | – | – | – |
| 9 | Net Profit / (Loss) after Tax from continuing operations (7-8) | 25.82 | 254.49 | -30.47 | 280.31 | 8.10 |
| 10 | Net Profit / (Loss) after Tax from discontinuing operations | – | – | – | – | – |
| 11 | Total Net Profit / (Loss) after Tax for the Period (9+10) | 25.82 | 254.49 | -30.47 | 280.31 | 8.10 |
| Sr. No. | Particulars | Value |
|---|---|---|
| 12 | Paid-up Equity Share Capital (Face Value : 10 Rs Per share) | 1,924.00 |
| 13 | No. of Equity Shares | 192.40 |
| 14 | Earnings per Equity Share of Rs. 10/- each (Basic) | 0.13 / 1.32 / -0.16 / 1.46 / 0.04 |
| 14 | Earnings per Equity Share of Rs. 10/- each (Diluted) | 0.13 / 1.32 / -0.16 / 1.46 / 0.04 |
| Particulars | Current Year 2025-26 | Previous Year 2024-25 |
|---|---|---|
| Cash flow from/(used in) operating activities | ||
| Profit before tax | 280.31 | 8.10 |
| Adjustment for: | ||
| Finance Charges | 4.90 | 12.81 |
| Transfer to reserve | – | – |
| Interest income on deposits and dividend income | (0.63) | – |
| Depreciation and amortization | 27.19 | 27.60 |
| Profit on Sale of Fixed Asset | (99.20) | – |
| Operating profit before working capital changes | 212.58 | 48.50 |
| Movement in working capital: | ||
| (Increase)/decrease in trade receivables | (142.95) | 886.60 |
| (Increase)/decrease in inventories | 34.18 | (48.99) |
| (Increase)/decrease in Other Current Assets | (47.84) | (42.25) |
| Increase/(decrease) in trade payables | 38.96 | 198.20 |
| Increase/(decrease) in other current liability | (211.02) | 205.82 |
| Increase/(decrease) in provision | 24.13 | (1,267.59) |
| Increase/(decrease) in Other Long-term Liabilities | 3.55 | – |
| Cash generated/(used) in operations | (88.42) | (19.71) |
| Income taxes paid | – | – |
| Net Cash flow from operating activities (A) | (88.42) | (19.71) |
| Cash flow from/(used) investing activities | ||
| Purchase of Fixed Assets | (15.74) | (47.81) |
| Interest received | 0.63 | – |
| Proceeds from sale of Property, plant and equipment | 100.00 | 2.64 |
| Increase/(decrease) in Other Non Current Assets | – | 21.67 |
| (Increase)/decrease in Trade Advances given | – | – |
| (Increase)/decrease in Loans / Deposit | 2.85 | 206.48 |
| Sale of Investment | – | – |
| Cash generated/(used) in investing activities (B) | 87.74 | 182.98 |
| Cash flow from/(used in) financing activities | ||
| Repayment of Long-term Borrowings | 2.17 | (172.93) |
| Repayment of Short-term Borrowings | 0.03 | 0.02 |
| Interest Expense | (4.90) | (12.81) |
| Cash generated/(used) in financing activities (C ) | (2.70) | (185.71) |
| Net increase/(decrease) in cash and cash equivalents (A+B+C) | (3.38) | (22.44) |
| Cash and cash equivalent at beginning of year | 6.17 | 28.61 |
| Total Cash and cash equivalent at beginning of year | 6.17 | 28.61 |
| Cash and cash equivalent at end of year | 2.79 | 6.17 |
| I Sl. No. | Particulars | Audited Figures (as reported for qualifications) (Rs. In Lakh) | Adjusted Figures (audited figures before adjusting for qualifications) (Rs. In Lakh) |
|---|---|---|---|
| 1 | Turnover/Total income | 910.47 | Not Determinable |
| 2 | Total Expenditure | 763.40 | -Do- |
| 3 | Net Profit/(Loss) | 280.31 | -Do- |
| 4 | Earnings Per Share | 1.46 | -Do- |
| 5 | Total Assets | 1,047.20 | -Do- |
| 6 | Total Liabilities | 1,047.20 | -Do- |
| 7 | Net Worth | (734.44) | -Do- |
| 8 | Any other financial item(s) (as felt appropriate by the management) |
| Sr. No. | Audit Qualification | Type of Audit Qualification | Frequency of Audit Qualification | Management’s view where impact is quantified by the Auditor | Impact not quantified by Auditor, Management’s estimation on the impact of audit qualification | If Management is unable to estimate the impact, reasons for the same | Auditor’s Comment on (i) and (ii) |
|---|---|---|---|---|---|---|---|
| 1 | Balance confirmation statements from parties in respect of Trade Receivables, Trade Payables, Loans and Advances (given or received), and Other Advances have not been obtained and made available for our verification. Consequently, we are unable to comment upon the accuracy and completeness of these balances as appearing in the financial statements. | Qualified Opinion | Sixth time | NA. Not quantified | The Management is in opinion that the Company has recorded all statements balances outstanding in the financial statements relating to trade receivable/trade payable/loans and other advances given or taken. | Audit report is self explanatory | |
| 2 | The Company has accepted loans/deposits in contravention of the provisions of Section 73 of the Companies Act, 2013, read with the Companies (Acceptance of Deposits) Rules, 2014. Necessary compliance including filing of returns and maintenance of required records has not been made. | Qualified Opinion | Sixth time | NA. Not quantified | The Management is in opinion that Currently, the company is repaying loan taken from any other person and which is considered as deposit under the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014. | Audit report is self explanatory | |
| 3 | The Company has not undertaken any revaluation of its fixed assets at the end of the reporting period, which is in contravention of the requirements prescribed under Accounting Standard (AS) 10 – Property, Plant and Equipment. | Qualified Opinion | Fifth time | NA. Not quantified | The Management has assessed that the Company faces some difficulties for carrying on business so the company was not able to comply with Accounting Standard-10. However, the Management is giving assurance to comply the same in future. | NIL |