MFS Intercorp Ltd

MFSINTRCRP

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Market Cap

₹ 6 Cr

P/E

—

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Bullish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

MFS Intercorp Ltd., formerly Muskan Ferro Silicons Limited, primarily manufactures silicon manganese, a critical component in steel production.

Originally set up to produce ferro silicon, the company pivoted to silicon manganese due to changing market demands, increasing its capacity from 5 MT to 13 MT per day.

In 1994, MFS Intercorp Ltd. went public with a significant equity offering to finance the establishment of its ferro alloys unit.

Despite starting as a small private entity, the company has sustained growth by adapting product lines to meet industrial requirements.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

6 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

35.9

PEG Ratio

—

P/B Ratio

6.8

52W High

22.41

52W Low

10.71

Sales CAGR

—

-69.80%

—

10Y

—

Profit CAGR

50.00%

—

10Y

—

ROE

TTM

-21.47%

8.98%

17.84%

10Y

10.75%

ROCE

TTM

-9.71%

11.80%

21.75%

10Y

5.45%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
RICHUNV	8.93	6 Cr	—	0.92	0.00	-3.92	-3.13	-1.66
MCLTD	6.69	6 Cr	—	0.57	0.00	-2.22	0.25	-0.25
MFSINTRCRP	14.92	6 Cr	—	6.78	0.00	-21.47	-9.71	-3.17
HEMORGANIC	18.53	6 Cr	50.08	0.00	0.00	-48.36	-3.48	2.25
STRAEXPO	—	6 Cr	—	1.56	0.00	-4.89	-4.61	-4.51
AMBIT	11.05	6 Cr	52.62	0.00	0.00	-20.28	50.07	13.79
PROMACT	9.86	6 Cr	140.86	0.00	0.00	-2.30	24.28	0.57

Financial Statements

AI Powered Summary

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	0.00	0.09	0.00	0.00	0.10	0.06	0.06	0.07	0.00	0.00
Expenses	0.02	0.11	0.01	0.01	0.08	0.06	0.07	0.08	0.12	0.07
Operating Profit	-0.02	-0.02	-0.01	-0.01	0.02	0.00	-0.01	-0.01	-0.12	-0.07
OPM %	—	-22.22	—	—	20.00	0.00	-16.67	-14.29	—	—
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	-0.02	-0.02	-0.01	-0.01	0.02	0.00	-0.01	-0.01	-0.12	-0.07
Tax %	0.00	0.00	0.00	0.00	0.00	—	0.00	0.00	0.00	0.00
Net Profit	-0.02	-0.02	-0.01	-0.01	0.01	0.00	-0.01	-0.01	-0.12	-0.07
EPS in Rs	-0.04	-0.05	-0.03	-0.01	0.03	-0.01	-0.02	-0.03	-0.26	-0.16

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.23	0.00	0.03	0.00	0.00	11	2.20	0.00	0.29	0.19
Expenses	0.22	0.01	0.02	0.10	0.01	10	1.77	0.02	0.30	0.33
Operating Profit	0.00	-0.01	0.01	-0.10	-0.01	0.59	0.43	-0.02	-0.01	-0.14
OPM %	0.70	—	24.38	—	—	5.56	19.46	—	-2.18	-73.68
Other Income	0.00	0.01	0.00	0.00	0.00	0.03	0.02	0.00	0.00	NaN
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	0.00	0.00	0.01	-0.10	-0.01	0.62	0.45	-0.02	-0.01	-0.14
Tax %	0.00	0.00	0.00	0.00	0.00	15.33	24.99	0.00	0.00	—
Net Profit	0.00	0.00	0.01	-0.10	-0.01	0.52	0.34	-0.02	-0.01	NaN
EPS in Rs	0.01	0.00	0.05	-0.23	-0.04	1.17	0.75	-0.12	-0.03	-0.47
Dividend Payout %	—	—	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 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	4.32	4.32	4.32	4.32	4.32	4.32	4.32	4.32	4.32	4.32
Reserves	-3.91	-3.91	-3.91	-3.90	-4.01	-4.02	-3.48	-3.16	-3.18	-3.19
Borrowings	0.14	0.14	0.17	9.41	0.22	0.00	0.00	0.00	0.00	0.00
Other Liabilities	0.07	0.07	0.03	0.03	0.09	0.32	5.65	4.43	4.43	4.63
Total Liabilities	0.62	0.62	0.62	9.86	0.62	0.62	6.49	5.60	5.58	5.77
Fixed Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.50	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	0.62	0.62	0.62	9.36	0.62	0.62	6.49	5.60	5.58	5.74
Total Assets	0.62	0.62	0.62	9.86	0.62	0.62	6.49	5.60	5.58	5.77

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.01	-0.01	-0.04	0.01	-0.05	0.00	0.07	0.06	-0.02	0.07
Cash from Investing Activity	0.00	0.00	0.00	-9.23	0.04	0.00	0.00	0.00	0.00	-0.03
Cash from Financing Activity	0.00	0.00	0.04	9.24	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	0.01	-0.01	0.00	0.01	-0.01	0.00	0.07	0.06	-0.02	0.04

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	0.00%	0.00%	0.00%	0.00%	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%	0.00%	0.00%	0.00%
DIIs	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.07%
Public	99.92%	99.92%	99.92%	99.92%	99.92%	99.92%	99.92%	99.92%	99.92%	99.92%	99.92%	99.93%
Total Shareholders	4,940	4,839	4,914	4,458	4,323	4,456	4,354	4,343	4,147	4,070	4,329	3,913

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Nov 13, 2025	Shivani a	Bulk	Sell	16.00	0.06 Cr	36,000	0.80
Nov 13, 2025	Parichay	Bulk	Buy	16.00	0.04 Cr	22,000	0.48
Nov 12, 2025	Rashmikant mukeshkumar patel	Bulk	Buy	16.53	0.08 Cr	48,000	1.06
Aug 07, 2025	Hemant patel	Bulk	Sell	16.10	0.04 Cr	25,039	0.57
Aug 06, 2025	Preet dilipbhai patel	Bulk	Buy	14.64	0.04 Cr	24,973	0.57
Jun 16, 2025	Patel preet dilipbhai	Bulk	Buy	17.00	0.04 Cr	23,594	0.54
Jun 13, 2025	Rutul vijaykumar patel	Bulk	Buy	16.89	0.05 Cr	29,600	0.68
May 12, 2025	Patel preet dilipbhai	Bulk	Buy	17.04	0.05 Cr	29,380	0.67
Apr 25, 2025	Patel preet dilipbhai	Bulk	Buy	17.00	0.10 Cr	57,625	1.33
Apr 23, 2025	Hardik rasiklal nayak	Bulk	Buy	17.10	0.07 Cr	40,112	0.92

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Moving Averages

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Bearish

Neutral

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Overall

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Bearish

Neutral

Bullish

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	0.00	0.09	0.00	0.00	0.10	0.06	0.06	0.07	0.00	0.00
Expenses	0.02	0.11	0.01	0.01	0.08	0.06	0.07	0.08	0.12	0.07
Operating Profit	-0.02	-0.02	-0.01	-0.01	0.02	0.00	-0.01	-0.01	-0.12	-0.07
OPM %	—	-22.22	—	—	20.00	0.00	-16.67	-14.29	—	—
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	-0.02	-0.02	-0.01	-0.01	0.02	0.00	-0.01	-0.01	-0.12	-0.07
Tax %	0.00	0.00	0.00	0.00	0.00	—	0.00	0.00	0.00	0.00
Net Profit	-0.02	-0.02	-0.01	-0.01	0.01	0.00	-0.01	-0.01	-0.12	-0.07
EPS in Rs	-0.04	-0.05	-0.03	-0.01	0.03	-0.01	-0.02	-0.03	-0.26	-0.16

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.23	0.00	0.03	0.00	0.00	11	2.20	0.00	0.29	0.19
Expenses	0.22	0.01	0.02	0.10	0.01	10	1.77	0.02	0.30	0.33
Operating Profit	0.00	-0.01	0.01	-0.10	-0.01	0.59	0.43	-0.02	-0.01	-0.14
OPM %	0.70	—	24.38	—	—	5.56	19.46	—	-2.18	-73.68
Other Income	0.00	0.01	0.00	0.00	0.00	0.03	0.02	0.00	0.00	NaN
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	0.00	0.00	0.01	-0.10	-0.01	0.62	0.45	-0.02	-0.01	-0.14
Tax %	0.00	0.00	0.00	0.00	0.00	15.33	24.99	0.00	0.00	—
Net Profit	0.00	0.00	0.01	-0.10	-0.01	0.52	0.34	-0.02	-0.01	NaN
EPS in Rs	0.01	0.00	0.05	-0.23	-0.04	1.17	0.75	-0.12	-0.03	-0.47
Dividend Payout %	—	—	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 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	4.32	4.32	4.32	4.32	4.32	4.32	4.32	4.32	4.32	4.32
Reserves	-3.91	-3.91	-3.91	-3.90	-4.01	-4.02	-3.48	-3.16	-3.18	-3.19
Borrowings	0.14	0.14	0.17	9.41	0.22	0.00	0.00	0.00	0.00	0.00
Other Liabilities	0.07	0.07	0.03	0.03	0.09	0.32	5.65	4.43	4.43	4.63
Total Liabilities	0.62	0.62	0.62	9.86	0.62	0.62	6.49	5.60	5.58	5.77
Fixed Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.50	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	0.62	0.62	0.62	9.36	0.62	0.62	6.49	5.60	5.58	5.74
Total Assets	0.62	0.62	0.62	9.86	0.62	0.62	6.49	5.60	5.58	5.77

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.01	-0.01	-0.04	0.01	-0.05	0.00	0.07	0.06	-0.02	0.07
Cash from Investing Activity	0.00	0.00	0.00	-9.23	0.04	0.00	0.00	0.00	0.00	-0.03
Cash from Financing Activity	0.00	0.00	0.04	9.24	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	0.01	-0.01	0.00	0.01	-0.01	0.00	0.07	0.06	-0.02	0.04

Overview

Detailed Summary

MFS Intercorp Ltd., formerly Muskan Ferro Silicons Limited, primarily manufactures silicon manganese, a critical component in steel production.

Originally set up to produce ferro silicon, the company pivoted to silicon manganese due to changing market demands, increasing its capacity from 5 MT to 13 MT per day.

In 1994, MFS Intercorp Ltd. went public with a significant equity offering to finance the establishment of its ferro alloys unit.

Despite starting as a small private entity, the company has sustained growth by adapting product lines to meet industrial requirements.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

6 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

35.9

PEG Ratio

—

P/B Ratio

6.8

52W High

22.41

52W Low

10.71

Sales CAGR

—

-69.80%

—

10Y

—

Profit CAGR

50.00%

—

10Y

—

ROE

TTM

-21.47%

8.98%

17.84%

10Y

10.75%

ROCE

TTM

-9.71%

11.80%

21.75%

10Y

5.45%

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
RICHUNV	8.93	6 Cr	—	0.92	0.00	-3.92	-3.13	-1.66
MCLTD	6.69	6 Cr	—	0.57	0.00	-2.22	0.25	-0.25
MFSINTRCRP	14.92	6 Cr	—	6.78	0.00	-21.47	-9.71	-3.17
HEMORGANIC	18.53	6 Cr	50.08	0.00	0.00	-48.36	-3.48	2.25
STRAEXPO	—	6 Cr	—	1.56	0.00	-4.89	-4.61	-4.51
AMBIT	11.05	6 Cr	52.62	0.00	0.00	-20.28	50.07	13.79
PROMACT	9.86	6 Cr	140.86	0.00	0.00	-2.30	24.28	0.57