New Risk • 19h
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₹15m (US$154k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Revenue is less than US$1m (₹15m revenue, or US$154k). Market cap is less than US$10m (₹103.4m market cap, or US$1.08m). Announcement • Jul 20
Mihika Industries Limited, Annual General Meeting, Sep 01, 2026 Mihika Industries Limited, Annual General Meeting, Sep 01, 2026, at 15:00 Indian Standard Time. Board Change • Jul 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Additional Non-Executive & Independent Director Reema Magotra was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 18
Mihika Industries Limited to Report Q1, 2027 Results on Jul 23, 2026 Mihika Industries Limited announced that they will report Q1, 2027 results on Jul 23, 2026 Announcement • Jul 17
Mihika Industries Limited Announces Executive Changes, Effective July 17, 2026 Mihika Industries Limited held a board meeting on July 17, 2026. Mr. Saurabh (DIN: 10790325) resigned from the post of Additional Non-Executive Independent Director of the Company with effect from July 17, 2026 due to pre-occupancy. He holds directorships in Esquire Money Guarantees Ltd, Rajnish Retail Limited, S G N Telecoms Limited, Goyal Aluminiums Limited, and SC Agrotech Limited. Ms. Reema Magotra (DIN: 09804839) resigned from the post of Additional Non-Executive Independent Director of the Company with effect from July 17, 2026 due to pre-occupancy. She holds directorships in Alstone Textiles (India) Limited, AVI Polymers Limited, Kaizen Agro Infrabuild Limited, Quasar India Limited, and Consecutive Commodities Limited. The company reconstituted the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee of the Company with effect from July 17, 2026. Announcement • May 14
Mihika Industries Limited to Report Q4, 2026 Results on May 27, 2026 Mihika Industries Limited announced that they will report Q4, 2026 results on May 27, 2026 New Risk • Mar 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$10m (₹85.0m market cap, or US$896.6k). Minor Risk Revenue is less than US$5m (₹300m revenue, or US$3.2m). Board Change • Mar 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Non-Executive & Non-Independent Chairperson Aakash Shah is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Feb 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹127.9m market cap, or US$1.41m). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (₹296m revenue, or US$3.3m). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹0.01 (vs ₹0.21 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.01 (down from ₹0.21 in 3Q 2025). Revenue: ₹3.60m (down 34% from 3Q 2025). Net income: ₹142.0k (down 93% from 3Q 2025). Profit margin: 3.9% (down from 39% in 3Q 2025). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Feb 03
Mihika Industries Limited to Report Q3, 2026 Results on Feb 13, 2026 Mihika Industries Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: ₹0.04 (vs ₹0.44 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.04 (down from ₹0.44 in 2Q 2025). Revenue: ₹4.95m (down 92% from 2Q 2025). Net income: ₹434.0k (down 90% from 2Q 2025). Profit margin: 8.8% (up from 6.9% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Nov 03
Mihika Industries Limited to Report Q2, 2026 Results on Nov 12, 2025 Mihika Industries Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 12, 2025 Announcement • Sep 09
Mihika Industries Limited, Annual General Meeting, Sep 29, 2025 Mihika Industries Limited, Annual General Meeting, Sep 29, 2025, at 15:00 Indian Standard Time. New Risk • Aug 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.7% per year over the past 5 years. Market cap is less than US$10m (₹192.3m market cap, or US$2.20m). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Revenue is less than US$5m (₹363m revenue, or US$4.2m). Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: ₹0.01 (vs ₹0.14 in 1Q 2025) First quarter 2026 results: EPS: ₹0.01 (down from ₹0.14 in 1Q 2025). Revenue: ₹18.2m (up ₹17.4m from 1Q 2025). Net income: ₹142.0k (down 90% from 1Q 2025). Profit margin: 0.8% (down from 173% in 1Q 2025). New Risk • Aug 15
New major risk - Revenue and earnings growth Earnings have declined by 0.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.7% per year over the past 5 years. Market cap is less than US$10m (₹192.3m market cap, or US$2.20m). Minor Risk Revenue is less than US$5m (₹362m revenue, or US$4.1m). Announcement • Aug 09
Mihika Industries Limited to Report Q1, 2026 Results on Aug 13, 2025 Mihika Industries Limited announced that they will report Q1, 2026 results on Aug 13, 2025 New Risk • Jul 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹219.7m market cap, or US$2.56m). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin). Revenue is less than US$5m (₹347m revenue, or US$4.1m). New Risk • May 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.2% Last year net profit margin: 2.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹239.4m market cap, or US$2.80m). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (0.2% net profit margin). Revenue is less than US$5m (₹353m revenue, or US$4.1m). Announcement • May 19
Mihika Industries Limited to Report Q4, 2025 Results on May 23, 2025 Mihika Industries Limited announced that they will report Q4, 2025 results on May 23, 2025 New Risk • Apr 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹214.0m market cap, or US$2.50m). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Revenue is less than US$5m (₹132m revenue, or US$1.5m). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹24.70, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 26x in the Retail Distributors industry in India. Total loss to shareholders of 9.8% over the past year. Announcement • Feb 10
Mihika Industries Limited to Report Q3, 2025 Results on Feb 14, 2025 Mihika Industries Limited announced that they will report Q3, 2025 results at 3:30 PM, Indian Standard Time on Feb 14, 2025 New Risk • Dec 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$10m (₹222.8m market cap, or US$2.62m). Minor Risk Revenue is less than US$5m (₹126m revenue, or US$1.5m). Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹24.99, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 36x in the Retail Distributors industry in India. Total returns to shareholders of 6.3% over the past year. New Risk • Nov 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (₹63m revenue, or US$747k). Market cap is less than US$10m (₹298.9m market cap, or US$3.55m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Announcement • Oct 31
Mihika Industries Limited to Report Q2, 2025 Results on Nov 11, 2024 Mihika Industries Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Announcement • Oct 09
Mihika Industries Limited Announces Resignation of Pawansut Swami as Company Secretary Mihika Industries Limited announced that Mr. Pawansut Swami, Company Secretary and Key Managerial Personnel of the Company, has been relieved from the post of Company Secretary cum compliance officer and tendered his resignation due to personal reasons. Date of cessation is October 9, 2024. Announcement • Sep 09
Mihika Industries Limited, Annual General Meeting, Sep 30, 2024 Mihika Industries Limited, Annual General Meeting, Sep 30, 2024, at 13:00 Indian Standard Time. Announcement • Aug 08
Mihika Industries Limited to Report Q1, 2025 Results on Aug 14, 2024 Mihika Industries Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Board Change • Aug 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Sweta Panchal is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Jul 01
Now 25% undervalued The stock has been flat over the last 90 days, currently trading at ₹26.52. The fair value is estimated to be ₹35.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.8% over the last 3 years. Meanwhile, the company has become profitable. Board Change • Jul 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Sweta Panchal is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Jun 27
Now 20% undervalued Over the last 90 days, the stock has risen 8.1% to ₹27.99. The fair value is estimated to be ₹35.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.8% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jun 06
Mihika Industries Limited Announces Managing Director Changes Mihika Industries Limited announced at the Board Meeting of the Company held as on June 5, 2024. The Company approved Appointment of Mr. Aakash Prakash Shah as a Managing Director of the company with effect from June 5, 2024. The Company approved Resignation of Mr. Pranav K. Trivedi from the Post of Managing Director of the Company with effect from June 5, 2024. Reason for change viz resignation: Due to personal and unavoidable circumstances, It is confirmed by the Director that there is no any reason for resignation except mentioned in the Resignation Letter due to personal and unavoidable circumstances. Mr. Aakash Prakash Shah is appointed by the Board as a Managing Director of the Company. He has an Experience of More than 10 years in the Field of Administrative Work and Marketing of the various Commodity Products. Buy Or Sell Opportunity • May 31
Now 23% undervalued Over the last 90 days, the stock has risen 1.2% to ₹26.62. The fair value is estimated to be ₹34.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Announcement • May 19
Mihika Industries Limited to Report Q4, 2024 Results on May 24, 2024 Mihika Industries Limited announced that they will report Q4, 2024 results on May 24, 2024 New Risk • May 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 64% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹262.0m market cap, or US$3.14m). New Risk • Mar 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 64% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹262.6m market cap, or US$3.15m). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Announcement • Feb 07
Mihika Industries Limited to Report Q3, 2023 Results on Feb 14, 2024 Mihika Industries Limited announced that they will report Q3, 2023 results on Feb 14, 2024 Announcement • Jan 23
Mihika Industries Limited Announces Resignation of Manoj Sethia as Non-Executive Director Mihika Industries Limited announced that Mr. Manoj Sethia, vide his letter dated January 23, 2024 has tendered his resignation as Non-Executive Director of the Company with effect from January 23, 2024 due to change in the control of the company. Board Change • Sep 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Non-Executive Director Manoj Sethia is the most experienced director on the board, commencing their role in 2018. Independent Director Sweta Panchal was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Aug 30
Mihika Industries Limited to Report Fiscal Year 2023 Results on Sep 05, 2023 Mihika Industries Limited announced that they will report fiscal year 2023 results at 3:30 PM, Indian Standard Time on Sep 05, 2023 Announcement • Jul 28
Mihika Industries Limited to Report Q1, 2024 Results on Aug 04, 2023 Mihika Industries Limited announced that they will report Q1, 2024 results at 3:30 PM, Indian Standard Time on Aug 04, 2023 New Risk • Jun 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹269.4m market cap, or US$3.28m). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Announcement • May 20
Mihika Industries Limited to Report Q4, 2023 Results on May 26, 2023 Mihika Industries Limited announced that they will report Q4, 2023 results at 3:30 PM, Indian Standard Time on May 26, 2023 Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹0.05 (vs ₹0.05 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.05 (in line with 3Q 2022). Net income: ₹529.0k (up 11% from 3Q 2022). Announcement • Feb 05
Mihika Industries Limited to Report Q3, 2023 Results on Feb 13, 2023 Mihika Industries Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Buying Opportunity • Jan 10
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₹31.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.9% over the last 3 years. Earnings per share has declined by 11%. Reported Earnings • Nov 16
Second quarter 2023 earnings released: ₹0.18 loss per share (vs ₹0.014 profit in 2Q 2022) Second quarter 2023 results: ₹0.18 loss per share (down from ₹0.014 profit in 2Q 2022). Net loss: ₹1.84m (down ₹1.98m from profit in 2Q 2022). Announcement • Nov 04
Mihika Industries Limited to Report Q2, 2023 Results on Nov 11, 2022 Mihika Industries Limited announced that they will report Q2, 2023 results on Nov 11, 2022