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Mrugesh Trading Ltd (MRUTR) · mywealthgrid

About

Mrugesh Trading Ltd is a Non-Banking Financial Company operating in India's NBFC sector. The company operates at micro-cap scale, with recent quarterly revenues ranging from ₹1.56 to ₹10.9 crores and a market capitalization of ₹6,552 crores. It carries zero debt (D/E = 0) and has an unusual capital structure with minimal promoter holding of 0.25%, with the remainder held by public shareholders.

Face value: ₹1

Market cap

₹5,477 Cr

P/E

—

P/B

75.9×

Dividend yield

ROE

-0.5%

ROCE

-0.5%

Debt / equity

0.03

OPM

-11.7%

EPS (TTM)

₹-0.0

Book value

₹1.0

52-week high

₹115.3

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme earnings volatility: EPS swung from -28.43 to +28.43 within 18 months; operating margins from -5.91% (Mar 2025) to +8.35% (Sep 2024); no sustainable trend evident
Persistent recent losses: Mar 2025 recorded -₹0.31 Cr loss with -5.91% OPM; most quarters since 2022 show losses or breakeven results despite ₹6,552 Cr market cap
Institutional absence combined with minimal founder involvement: zero FII/DII holdings and 0.25% promoter stake suggest limited confidence; verify market liquidity and analyst coverage
Revenue trajectory unclear: quarterly data missing for multiple periods; when available ranges ₹1.56–₹10.9 Cr with no identifiable trend or growth pattern

Generated analysis · source review pending

Growth drivers

Sep 2024 demonstrated ₹10.9 Cr revenue with 8.35% operating margin and ₹0.7 Cr profit; scaling and sustaining this performance level is foundational to profitability
Zero debt (D/E = 0) removes financial distress risk and retains balance-sheet capacity for growth deployment if credit opportunities materialize
NBFC sector expansion drivers in credit lending could improve if demand accelerates; verify this company's specific lending vertical, customer base, and competitive positioning versus larger peers

Generated analysis · source review pending

₹75.8+11,933.3%1Y

Volatility (1y)

27.9%

Annualised, daily returns

RSI (14)

Oversold territory

Rel. strength (1y)

12,526.2%

Ahead of the market

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Outperformed the universe by 12526.2% over 1 year

Cons

−Low return on equity of -25.6% (3-yr avg)
−Trading at 75.9× book value
−Low promoter holding of 0.3%
−Promoter holding fell 74.1 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

44/100

Business quality: 25
Growth: 0
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Shriram Finance LimitedSHRIRAMFINSHRIRAMFIN	₹1,77,811 Cr	₹4,28,503 Cr	₹49,997 Cr	₹36,981 Cr	73.7%	₹11,318 Cr	20.8%	—	16.4%	—
Tata Capital LimitedTATACAPTATACAP	₹1,35,540 Cr	₹3,71,517 Cr	₹32,695 Cr	₹24,219 Cr	73.2%	₹5,404 Cr	15.5%	—	13.3%	—
Cholamandalam Investment And Finance Company LimitedCHOLAFINCHOLAFIN	₹1,33,352 Cr	₹3,45,452 Cr	₹32,663 Cr	₹22,399 Cr	68.2%	₹5,751 Cr	16.8%	—	19.3%	—
Muthoot Finance LimitedMUTHOOTFINMUTHOOTFIN	₹1,08,289 Cr	₹2,60,075 Cr	₹33,431 Cr	₹27,558 Cr	81.4%	₹11,373 Cr	34%	—	30.9%	—
L&T Finance LimitedLTFLTF	₹66,238 Cr	₹1,76,126 Cr	₹18,928 Cr	₹11,603 Cr	61.1%	₹3,226 Cr	16.7%	—	11.2%	—
Sbi Cards And Payment Services LimitedSBICARDSBICARD	₹53,594 Cr	₹97,658 Cr	₹20,063 Cr	₹5,374 Cr	26.7%	₹2,275 Cr	10.9%	—	14.7%	—
Hdb Financial Services LimitedHDBFSHDBFS	₹51,335 Cr	₹1,38,733 Cr	₹16,300 Cr	₹9,318 Cr	57.2%	₹2,176 Cr	13.4%	—	14.7%	—
Sundaram Finance LimitedSUNDARMFINSUNDARMFIN	₹48,838 Cr	₹1,18,475 Cr	₹10,104 Cr	₹7,957 Cr	78.3%	₹2,220 Cr	21%	—	14.7%	—
Piramal Finance LimitedPIRAMALFINPIRAMALFIN	₹45,868 Cr	₹1,25,857 Cr	₹11,852 Cr	₹7,051 Cr	59.5%	₹1,504 Cr	12.7%	—	5.3%	—
Authum Investment & Infrastructure LimitedAIILAIIL	₹45,797 Cr	₹49,133 Cr	₹2,863 Cr	₹2,451 Cr	88.2%	₹3,582 Cr	74%	—	13.1%	—
Mahindra & Mahindra Financial Services LimitedM&MFINM&MFIN	₹44,445 Cr	₹1,72,816 Cr	₹21,733 Cr	₹13,785 Cr	62.5%	₹3,253 Cr	13.6%	—	11.9%	—
Poonawalla Fincorp LimitedPOONAWALLAPOONAWALLA	₹38,161 Cr	₹86,259 Cr	₹7,813 Cr	₹4,291 Cr	52.7%	₹787 Cr	8%	—	5.9%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	—	—	—	—	—	0	0	0	0	20	11
Interest	—	—	0	0	0	0	0	0	0	0	0
Expenses	0	0	0	0	0	0	0	0	0	20	13
Financing profit	—	—	—	—	—	-0	-0	-0	-0	0	-1
Financing margin %	—	—	—	—	—	0%	0%	0%	0%	2%	-11.7%
Other income	—	0	0	0	—	0	0	0	0	0	1
Depreciation	—	—	—	—	—	0	0	0	0	0	0
Profit before tax	-0	0	-0	-0	-0	-0	-0	-0	-0	0	-0
Tax	—	—	—	—	—	0	0	0	0	0	0
Tax %	—	—	—	—	—	7.7%	0%	0%	0%	14.6%	0%
PAT	-0	0	-0	-0	-0	-0	-0	-0	-0	0	-0
EPS (₹)	-2.1	2	-2.5	-2.3	-4.7	-5.7	-2.3	-0.3	-0.7	1.4	0
EPS adjusted (₹)	—	—	—	—	—	-0.6	-0.1	-0	-0.1	1.4	-0
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	0	0	0	0	0	72
Reserves	-0	-0	-0	-0	18	-0
	0	0	0	0	0	3
	0	0	0	0	0	0
Total equity & liabilities	0	0	0	0	19	75
	0	0	0	0	0	0
CWIP	—	—	—	—	—	0
Investments	0	0	0	0	0	0
	0	0	0	0	19	75
Total assets	0	0	0	0	19	75

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0	0	0	0	-18	-56
	0	0	0	0	-0	0
	-0	0	0	0	18	57
Net cash flow	0	0	0	0	0	0
Free cash flow	—	—	0	0	-18	-56
CFO / Operating profit %	—	—	—	—	—	—

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	2.9%	-9.1%
EBITDA margin %	—	—	—	—	—	—	2%	-11.7%
EBIT margin %	—	—	—	—	—	—	2%	-11.7%
PAT margin %	—	—	—	—	—	—	1.7%	-2.1%
Working capital
Receivable days	—	—	—	—	—	—	124	255
Inventory days	—	—	—	—	—	—	212	390
Payable days	—	—	—	—	—	—	1	2
NWC days	—	—	—	—	—	—	335	643
Leverage
Current ratio	—	—	1.23	1.08	14	5	66.04	12.71
Debt to EBITDA	—	—	—	—	—	—	0	—
Debt to equity	—	—	0	0	3.33	5	0	0.03
Interest coverage	0.5	0	-13	—	—	—	—	—
Asset turnover	—	—	0	0	0	0	1.09	0.15
Return ratios
Return on assets %	—	—	-50%	-10.3%	-7.1%	-13.3%	1.9%	-0.3%
Return on capital employed %	—	—	-216.7%	-66.7%	-12.5%	-16%	4.3%	-0.5%
Return on equity %	—	—	-233.3%	-75%	-33.3%	-100%	1.9%	-0.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.37%	74.37%	74.37%	74.37%	74.37%	74.37%	74.37%	74.37%	74.37%	0.25%	0.25%	0.25%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	25.63%	25.63%	25.63%	25.63%	25.63%	25.63%	25.63%	25.63%	25.63%	99.75%	99.75%	99.75%
No. of shareholders	—	—	—	—	—	—	—	—	65	86	94	122

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Mrugesh Trading Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results14 Aug 2026

1

Face value ₹10 → ₹116 May 2025 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

65 announcementsExport CSV

30 Sept 2026, 8:13 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

30 Sept 2026, 8:11 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

8 Sept 2026, 9:20 pmCompany Update

Appointment Of Secretarial Auditor

General PDF

8 Sept 2026, 9:18 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Registered Office Address

Change in Registered Office Address PDF

8 Sept 2026, 9:16 pmCompany Update

Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

Appointment of Statutory Auditor/s PDF

8 Sept 2026, 9:13 pmOthers

Board Meeting Outcome for Outcome Of Board Meeting Held Today I.E. Tuesday, 8Th September, 2026

Outcome without intimation PDF

15 Aug 2026, 3:21 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

14 Aug 2026, 7:48 pmCompany Update

Integrated Filing (Finance) For The Quarter Ended On 30Th June, 2026

General PDF

Date	Category	Subject	Filing
30 Sept 2026, 8:13 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
30 Sept 2026, 8:11 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF

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Mrugesh Trading Ltd

Mrugesh Trading Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

1

Announcements

Announcements

Annual reports

1

1

Not in the F&O segment

No fund holdings on record

Compounded sales growth

Stock price CAGR

Return on equity

Mrugesh Trading Ltd

Mrugesh Trading Ltd

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Stock splits1

Announcements

Announcements

Annual reports

Board meetings1

Stock splits1

Not in the F&O segment

Ratio timeline

Quarterly record

Board and management

No fund holdings on record

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Stock price CAGR

Return on equity

1

1

1

1