Mewar Hi-Tech Engineering Ltd

MHEL

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Market Cap

₹ 29 Cr

P/E

10.02

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Investment Checklist

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Performance

MARKET LEADER

Valuation

REASONABLE

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bullish

Risk

HIGH RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Mewar Hi-Tech Engineering Limited, founded in Rajasthan in 2006, specializes in manufacturing heavy machinery and industrial material handling equipment, including crushers and batch mixing plants.

The company has evolved from being a private firm to becoming a public limited entity, reflecting its strategic growth and diversification ambitions.

In March 2016, Mewar Hi-Tech raised Rs 2.33 Crore through a public issue, indicating strategic capital mobilization for business growth.

Despite its manufacturing focus, the company has ventured into KPO, BPO, and IT services, showing an intention to diversify its service offerings.

The strategic changes in the MOA highlight Mewar Hi-Tech's ambition to expand beyond traditional manufacturing into technology-driven sectors.

Sector

Engineering

Industry

Engineering - Heavy - General - Medium / Small

Market Cap

29 Cr

Volatility

Low Risk

P/E Ratio

10.0

Industry P/E

64.1

PEG Ratio

0.2

P/B Ratio

2.5

52W High

171.00

52W Low

53.20

Sales CAGR

-14.88%

-1.51%

-5.97%

10Y

-0.02%

Profit CAGR

4.17%

43.47%

71.66%

10Y

30.11%

ROE

TTM

26.07%

-12.21%

-4.69%

10Y

-0.25%

ROCE

TTM

18.74%

10.38%

13.28%

10Y

15.70%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
MANUGRAPH	16.17	49 Cr	—	0.50	0.00	-17.67	-13.40	-6.41
MHEL	73.27	29 Cr	10.02	2.46	0.00	26.07	18.74	6.79
MIVENMACH	78.51	24 Cr	—	0.00	0.00	10.59	25.13	-331.58
LIPPISYS	24.75	18 Cr	—	0.88	0.00	-4.86	-6.34	-4.26
ISHAN	0.75	16 Cr	25.00	0.68	0.00	3.82	6.58	1.09
ARROWHEAD	76.50	14 Cr	34.62	0.86	0.00	-0.62	2.64	-0.35
INCON	14.60	6 Cr	—	0.00	0.00	64.58	-73.15	-57.63

Financial Statements

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Standalone Half Yearly Results (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Sales	29	16	17	21	31	19	25	17	33	16
Expenses	27	15	17	20	27	18	22	15	28	14
Interest	1.65	0.86	1.24	1.16	1.49	1.22	1.37	1.31	1.02	1.09
Operating Profit	2.43	1.13	0.85	0.37	4.59	1.27	3.98	2.11	5.15	1.95
OPM %	8.33	7.16	4.89	1.78	14.72	6.75	15.61	12.36	15.39	12.36
Other Income	0.09	0.50	0.00	0.33	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.47	0.63	0.95	1.00	0.68	0.48	0.96	0.79	0.69	0.61
Profit Before Tax	0.39	0.15	-1.34	-1.46	2.42	-0.43	1.66	0.01	3.44	0.25
Tax %	25.64	66.67	-11.94	0.00	6.20	-37.21	3.61	0.00	17.44	0.00
Net Profit	0.29	0.05	-1.51	-1.46	2.27	-0.59	1.59	0.01	2.84	0.25
EPS in Rs	—	—	—	—	—	—	—	—	—	—

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	44	31	43	64	60	53	46	32	52	44
Expenses	37	22	33	57	57	49	42	34	47	39
Operating Profit	6.89	9.66	10	6.74	3.65	4.04	4.03	-1.72	4.95	5.22
OPM %	15.54	30.76	24.02	10.60	6.05	7.66	8.70	-5.42	9.51	11.80
Other Income	0.44	0.42	0.46	0.39	0.16	0.50	0.59	1.07	0.34	0.03
Interest	1.70	2.23	2.57	2.23	2.08	2.89	3.05	2.42	2.65	2.59
Depreciation	1.35	1.31	1.18	1.15	1.27	1.02	1.04	1.58	1.68	1.43
Profit Before Tax	0.33	0.08	0.92	2.24	0.46	0.63	0.53	-4.65	0.96	1.23
Tax %	71.92	25.12	47.19	44.63	85.28	45.89	36.59	-3.50	0.00	18.33
Net Profit	0.09	0.06	0.49	1.24	0.07	0.34	0.34	-4.81	0.96	1.00
EPS in Rs	—	—	—	—	—	—	—	—	—	—
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.63	2.84	3.90	3.90	3.90	3.90	3.90	3.90	3.90	3.90
Reserves	5.64	3.90	5.66	6.90	6.97	7.39	7.73	2.91	3.87	4.87
Borrowings	13	18	17	18	20	22	22	23	24	20
Other Liabilities	15	16	25	22	17	17	21	23	18	17
Total Liabilities	34	40	52	51	48	51	55	52	50	46
Fixed Assets	8.17	7.43	7.38	7.86	7.70	7.03	9.00	11	9.67	8.08
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.11	0.11	0.16	0.17	0.17	0.11	0.11	0.11	0.11	0.11
Other Assets	26	33	44	43	40	44	46	42	40	38
Total Assets	34	40	52	51	48	51	55	52	50	46

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	2.19	2.30	4.44	9.33	-1.38	5.86
Cash from Investing Activity	-1.11	-1.47	-1.52	-6.92	2.44	1.24
Cash from Financing Activity	-1.26	-0.55	-2.94	-2.13	-1.27	-7.10
Net Cash Flow	-0.17	0.28	-0.03	0.27	-0.21	0.00

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025
Promoters	56.01%	56.01%	56.01%	56.01%	56.01%	56.01%	56.01%	56.01%	56.01%	56.01%	56.01%	56.05%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	43.99%	43.99%	43.99%	43.99%	43.99%	43.99%	43.99%	43.99%	43.99%	43.99%	43.99%	43.95%
Total Shareholders	59	55	52	52	54	54	54	54	54	54	60	84

Projection

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Oscillators

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Overall

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Moving Averages

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Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
MANUGRAPH	16.17	49 Cr	—	0.50	0.00	-17.67	-13.40	-6.41
MHEL	73.27	29 Cr	10.02	2.46	0.00	26.07	18.74	6.79
MIVENMACH	78.51	24 Cr	—	0.00	0.00	10.59	25.13	-331.58
LIPPISYS	24.75	18 Cr	—	0.88	0.00	-4.86	-6.34	-4.26
ISHAN	0.75	16 Cr	25.00	0.68	0.00	3.82	6.58	1.09
ARROWHEAD	76.50	14 Cr	34.62	0.86	0.00	-0.62	2.64	-0.35
INCON	14.60	6 Cr	—	0.00	0.00	64.58	-73.15	-57.63

Overview

Detailed Summary

Mewar Hi-Tech Engineering Limited, founded in Rajasthan in 2006, specializes in manufacturing heavy machinery and industrial material handling equipment, including crushers and batch mixing plants.

The company has evolved from being a private firm to becoming a public limited entity, reflecting its strategic growth and diversification ambitions.

In March 2016, Mewar Hi-Tech raised Rs 2.33 Crore through a public issue, indicating strategic capital mobilization for business growth.

Despite its manufacturing focus, the company has ventured into KPO, BPO, and IT services, showing an intention to diversify its service offerings.

The strategic changes in the MOA highlight Mewar Hi-Tech's ambition to expand beyond traditional manufacturing into technology-driven sectors.

Sector

Engineering

Industry

Engineering - Heavy - General - Medium / Small

Market Cap

29 Cr

Volatility

Low Risk

P/E Ratio

10.0

Industry P/E

64.1

PEG Ratio

0.2

P/B Ratio

2.5

52W High

171.00

52W Low

53.20

Sales CAGR

-14.88%

-1.51%

-5.97%

10Y

-0.02%

Profit CAGR

4.17%

43.47%

71.66%

10Y

30.11%

ROE

TTM

26.07%

-12.21%

-4.69%

10Y

-0.25%

ROCE

TTM

18.74%

10.38%

13.28%

10Y

15.70%