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Last Updated: March 17, 2026, 5:23 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 505797 | NSE: MPCOSEMB

Mipco Seamless Rings (Gujarat) Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹437.76Undervalued by 1,527.36%vs CMP ₹26.90

P/E (964.0) × ROE (15.0%) × BV (₹3.71) × DY (2.00%)

Defaults: ROE=15%

₹215.51Undervalued by 701.15%vs CMP ₹26.90
MoS: +87.5% (Strong)Confidence: 38/100 (Low)Models: 1 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹462.0547%Under (+1617.7%)
Graham NumberEarnings₹1.5835%Over (-94.1%)
Earnings YieldEarnings₹0.3019%Over (-98.9%)
Consensus (3 models)₹215.51100%Undervalued
Key Drivers: P/E of 964 makes PE-ROE unreliable — asset/earnings models are better benchmarks. | Wide model spread (₹0–₹462) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 5.5% · Defaults: ROE=15%

*Investments are subject to market risks

Investment Snapshot

44
Mipco Seamless Rings (Gujarat) Ltd scores 44/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health26/100 · Weak
ROCE 0.0% WeakROE 0.0% WeakD/E -0.28 Low debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent
Smart Money60/100 · Moderate
FII holding up 0.06% (6mo) Slight increasePromoter holding at 0.0% Stable
Earnings Quality50/100 · Moderate
OPM stable around 0% Steady
Quarterly Momentum60/100 · Moderate
OPM: 5.0% (up 5.0% YoY) Margin expansion
Industry Rank40/100 · Moderate
P/E 964.0 vs industry 271.4 Premium to peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: March 17, 2026, 5:23 am

Market Cap 9.64 Cr.
Current Price 26.9
Intrinsic Value₹215.51
High / Low 37.4/22.0
Stock P/E964
Book Value 3.71
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0
PEG Ratio173.72

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Mipco Seamless Rings (Gujarat) Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Mipco Seamless Rings (Gujarat) Ltd 9.64 Cr. 26.9 37.4/22.0964 3.710.00 %%% 10.0
FGP Ltd 12.4 Cr. 10.4 13.7/7.3259.0 3.090.00 %0.00 %0.89 % 10.0
Syngene International Ltd 15,973 Cr. 396 761/38139.0 1180.32 %13.5 %10.5 % 10.0
Logica Infoway Ltd 322 Cr. 181 267/16323.5 53.00.00 %14.3 %14.1 % 10.0
MPIL Corporation Ltd 22.9 Cr. 402 691/325 2420.11 %12.8 %15.5 % 10.0
Industry Average5,630.50 Cr219.61271.38103.340.05%48.42%7.44%9.00

All Competitor Stocks of Mipco Seamless Rings (Gujarat) Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 0.000.000.000.000.000.000.000.000.000.000.000.550.60
Expenses 0.010.010.160.100.030.030.070.040.020.040.080.510.57
Operating Profit -0.01-0.01-0.16-0.10-0.03-0.03-0.07-0.04-0.02-0.04-0.080.040.03
OPM % 7.27%5.00%
Other Income 0.000.000.000.000.000.000.000.000.000.060.000.000.00
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax -0.01-0.01-0.16-0.10-0.03-0.03-0.07-0.04-0.020.02-0.080.040.03
Tax % 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%
Net Profit -0.01-0.01-0.16-0.10-0.03-0.03-0.07-0.04-0.020.02-0.080.040.03
EPS in Rs -0.03-0.03-0.45-0.28-0.08-0.08-0.20-0.11-0.060.06-0.220.110.08

Last Updated: March 3, 2026, 6:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 17, 2026, 12:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 0.000.000.000.000.000.000.000.000.000.000.000.001.15
Expenses 0.080.120.200.100.110.100.100.070.100.030.310.161.20
Operating Profit -0.08-0.12-0.20-0.10-0.11-0.10-0.10-0.07-0.10-0.03-0.31-0.16-0.05
OPM % -4.35%
Other Income 0.000.090.000.000.000.000.000.000.000.000.000.060.06
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax -0.08-0.03-0.20-0.10-0.11-0.10-0.10-0.07-0.10-0.03-0.31-0.100.01
Tax % 0.00%100.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit -0.08-0.06-0.20-0.10-0.11-0.10-0.10-0.07-0.10-0.03-0.31-0.100.01
EPS in Rs -0.22-0.17-0.56-0.28-0.31-0.28-0.28-0.20-0.28-0.08-0.86-0.280.03
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%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)25.00%-233.33%50.00%-10.00%9.09%0.00%30.00%-42.86%70.00%-933.33%67.74%
Change in YoY Net Profit Growth (%)0.00%-258.33%283.33%-60.00%19.09%-9.09%30.00%-72.86%112.86%-1003.33%1001.08%

Mipco Seamless Rings (Gujarat) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Last Updated: September 5, 2025, 3:55 pm

Balance Sheet

Last Updated: December 4, 2025, 3:09 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3.583.583.583.583.583.583.583.583.583.583.583.585.58
Reserves -5.59-5.65-5.85-5.95-6.06-6.16-6.26-6.33-6.43-6.46-6.76-6.87-6.91
Borrowings 2.262.412.552.612.672.702.712.792.842.842.713.431.44
Other Liabilities 0.130.020.070.110.160.230.320.310.360.390.620.020.28
Total Liabilities 0.380.360.350.350.350.350.350.350.350.350.150.160.39
Fixed Assets 0.000.000.000.000.000.000.000.000.000.000.000.000.00
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets 0.380.360.350.350.350.350.350.350.350.350.150.160.39
Total Assets 0.380.360.350.350.350.350.350.350.350.350.150.160.39

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.000.10-0.010.000.000.000.000.000.000.000.16-0.72
Cash from Investing Activity + 0.00-0.090.000.000.000.000.000.000.000.000.000.00
Cash from Financing Activity + 0.000.000.000.000.000.000.000.000.000.00-0.140.73
Net Cash Flow 0.000.01-0.010.000.000.000.000.000.000.000.020.01
Free Cash Flow 0.000.10-0.010.000.000.000.000.000.000.000.16-0.72
CFO/OP 0%-83%5%0%0%0%0%0%0%0%-52%450%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-2.34-2.53-2.75-2.71-2.78-2.80-2.81-2.86-2.94-2.87-3.02-3.59

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
Inventory Days
Days Payable
Cash Conversion Cycle
Working Capital Days
ROCE %-31.37%-10.17%-64.52%-38.46%-51.16%-64.52%-133.33%-200.00%-666.67%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 43.62%43.62%43.62%29.67%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.00%0.06%
DIIs 0.50%0.50%0.50%0.50%0.50%0.50%0.50%0.50%0.50%0.44%0.50%0.44%
Public 55.89%55.88%55.87%69.83%99.50%99.49%99.50%99.49%99.50%99.50%99.50%99.49%
No. of Shareholders 18,62218,58418,59218,60318,57318,47718,55018,50718,47218,39918,39518,385

Shareholding Pattern Chart

No. of Shareholders

Mipco Seamless Rings (Gujarat) Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -0.29-0.86-0.07-0.27-0.45
Diluted EPS (Rs.) -0.29-0.86-0.07-0.27-0.45
Cash EPS (Rs.) -0.29-0.86-0.07-0.26-0.19
Book Value[Excl.RevalReserv]/Share (Rs.) -9.16-8.87-8.01-7.93-7.67
Book Value[Incl.RevalReserv]/Share (Rs.) -9.16-8.87-8.01-7.93-7.67
PBDIT / Share (Rs.) -0.28-0.86-0.07-0.26-0.19
PBIT / Share (Rs.) -0.28-0.86-0.07-0.26-0.19
PBT / Share (Rs.) -0.29-0.86-0.07-0.26-0.19
Net Profit / Share (Rs.) -0.29-0.86-0.07-0.26-0.19
Return on Capital Employeed (%) -68.6426.232.9411.349.36
Return On Assets (%) -63.81-214.61-7.31-27.36-20.03
Long Term Debt / Equity (X) -0.430.000.000.000.00
Total Debt / Equity (X) -0.43-0.22-0.29-0.29-0.28
Current Ratio (X) 5.830.040.140.150.16
Quick Ratio (X) 5.830.040.140.150.16
Interest Coverage Ratio (X) -54.05-1032.000.000.000.00
Interest Coverage Ratio (Post Tax) (X) -54.05-1032.000.000.000.00
Enterprise Value (Cr.) 16.8114.115.435.465.56
EV / EBITDA (X) -163.63-45.59-211.93-56.98-79.30
Price / BV (X) -4.08-3.59-0.90-0.91-1.01
EarningsYield -0.01-0.02-0.01-0.03-0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Mipco Seamless Rings (Gujarat) Ltd. is a Public Limited Listed company incorporated on 29/01/1980 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L72900KA1980PLC080581 and registration number is 080581. Currently company belongs to the Industry of Miscellaneous. Company's Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 3.58 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Miscellaneous23-88/7-1 RK Nagar, Anandbagh, Malkajgiri Hyderabad Telangana 500047Contact not found
Management
NamePosition Held
Mr. Venkata Rao SadhanalaNon Exe.Non Ind.Director
Mr. Raji Reddy PulakamdlaNon Exe.Non Ind.Director
Mr. Vikky JainAdditional Whole Time Director
Mrs. Nikitha SardaAddnl.Non Exe.Independent Director
Mr. Somnath DasguptaAddnl.Non Exe.Independent Director

FAQ

What is the intrinsic value of Mipco Seamless Rings (Gujarat) Ltd and is it undervalued?

As of 13 April 2026, Mipco Seamless Rings (Gujarat) Ltd's intrinsic value is ₹215.51, which is 701.15% higher than the current market price of ₹26.90, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹3.71), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Mipco Seamless Rings (Gujarat) Ltd?

Mipco Seamless Rings (Gujarat) Ltd is trading at ₹26.90 as of 13 April 2026, with a FY2026-2027 high of ₹37.4 and low of ₹22.0. The stock is currently in the middle of its 52-week range. Market cap stands at ₹9.64 Cr..

How does Mipco Seamless Rings (Gujarat) Ltd's P/E ratio compare to its industry?

Mipco Seamless Rings (Gujarat) Ltd has a P/E ratio of 964, which is above the industry average of 271.38. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Mipco Seamless Rings (Gujarat) Ltd financially healthy?

Key indicators for Mipco Seamless Rings (Gujarat) Ltd: ROCE of % is on the lower side compared to the industry average of 48.42%; ROE of % is below ideal levels (industry average: 7.44%). Dividend yield is 0.00 %.

Is Mipco Seamless Rings (Gujarat) Ltd profitable and how is the profit trend?

Mipco Seamless Rings (Gujarat) Ltd reported a net profit of ₹0 Cr in Mar 2025. Compared to ₹0 Cr in Mar 2022, the net profit shows a mixed trend.

Does Mipco Seamless Rings (Gujarat) Ltd pay dividends?

Mipco Seamless Rings (Gujarat) Ltd has a dividend yield of 0.00 % at the current price of ₹26.90. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mipco Seamless Rings (Gujarat) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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