Mipco Seamless Rings (Gujarat) Ltd

MPCOSEMB

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Market Cap

₹ 10 Cr

P/E

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Neutral

Risk

LOW RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Mipco Seamless Rings (Gujarat) Ltd transitioned from manufacturing rolled rings for bearings to being an IT and ITES services provider.

Initially established in 1980, the company embarked on forging lines and wind turbines early on but halted manufacturing activities for a period.

In 2020-21, Mipco shifted its focus to IT services and related media and entertainment activities, marking a significant pivot in its business model.

The company's historical emphasis on engineering and manufacturing infrastructure may offer competitive advantages as it navigates the IT sector.

Sector

IT - Software

Industry

Computers - Software - Medium / Small

Market Cap

10 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

38.4

PEG Ratio

—

P/B Ratio

—

52W High

37.38

52W Low

22.00

Sales CAGR

—

10Y

—

Profit CAGR

67.74%

—

10Y

—

ROE

TTM

2.79%

13.20%

12.30%

10Y

16.75%

ROCE

TTM

-31.63%

36.69%

21.67%

10Y

23.67%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
3CIT	16.50	10 Cr	—	0.78	0.00	1.93	2.22	1.06
PATANGPP	9.20	10 Cr	—	0.97	0.00	—	—	0.00
MPCOSEMB	27.28	10 Cr	—	0.00	0.00	2.79	-31.63	-10.26
GATECHDVR	0.50	9 Cr	2.27	0.00	0.00	14.20	13.95	5.36
WITS	239.90	9 Cr	—	0.00	0.00	-22.70	-22.65	-17.96
OTCO	6.72	9 Cr	—	3.71	0.00	-8.74	-2.32	-2.48
OONE	8.39	9 Cr	4.32	0.52	0.00	11.34	15.68	5.07

Financial Statements

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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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.55
Expenses	0.16	0.10	0.03	0.03	0.07	0.04	0.02	0.04	0.08	0.50
Operating Profit	-0.16	-0.10	-0.03	-0.03	-0.07	-0.04	-0.02	-0.04	-0.08	0.05
OPM %	—	—	—	—	—	—	—	—	—	9.09
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.06	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	-0.16	-0.10	-0.03	-0.03	-0.07	-0.04	-0.02	0.02	-0.08	0.04
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	-0.16	-0.10	-0.03	-0.03	-0.07	-0.04	-0.02	0.02	-0.08	0.04
EPS in Rs	-0.44	-0.28	-0.07	-0.08	-0.20	-0.10	-0.05	0.03	-0.23	—

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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.10	0.11	0.10	0.10	0.07	0.10	0.03	0.31	0.16	0.18
Operating Profit	-0.10	-0.11	-0.10	-0.10	-0.07	-0.10	-0.03	-0.31	-0.16	-0.18
OPM %	—	—	—	—	—	—	—	—	—	—
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.06	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	-0.10	-0.11	-0.10	-0.10	-0.07	-0.10	-0.03	-0.31	-0.10	-0.12
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	-0.10	-0.11	-0.10	-0.10	-0.07	-0.10	-0.03	-0.31	-0.10	-0.12
EPS in Rs	-0.63	-0.41	-0.74	-0.61	-0.35	-0.01	-0.06	-0.87	—	-0.35
Dividend Payout %	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 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.58	3.58	3.58	3.58	3.58	3.58	3.58	3.58	3.58	3.58
Reserves	-5.85	-5.95	-6.06	-6.16	-6.26	-6.33	-6.43	-6.46	-6.76	-6.87
Borrowings	2.55	2.61	2.67	2.70	2.71	2.79	2.84	2.84	2.71	3.43
Other Liabilities	0.06	0.10	0.16	0.23	0.32	0.31	0.35	0.38	0.62	0.01
Total Liabilities	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.14	0.16
Fixed Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.14	0.16
Total Assets	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.14	0.16

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.00	0.00	0.00	0.00	0.00	0.16	-0.72
Cash from Investing Activity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing Activity	0.00	0.00	0.00	0.00	0.00	-0.14	0.73
Net Cash Flow	0.00	0.00	0.00	0.00	0.00	0.02	0.01

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	43.62%	43.62%	43.62%	43.62%	29.67%	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	0.50%	0.50%	0.50%	0.50%	0.50%	0.50%	0.50%	0.50%	0.50%	0.50%	0.50%	0.50%
Public	55.88%	55.88%	55.88%	55.88%	69.83%	99.50%	99.50%	99.50%	99.50%	99.50%	99.50%	99.50%
Total Shareholders	18,607	18,622	18,584	18,592	18,603	18,573	18,477	18,550	18,507	18,472	18,399	18,395

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Nov 24, 2025	Arpita naskar	Bulk	Buy	26.05	0.07 Cr	25,000	0.69
Nov 24, 2025	Sandeep sharma	Bulk	Sell	26.05	0.06 Cr	24,500	0.68
Nov 17, 2025	Sandeep sharma	Bulk	Sell	26.07	0.14 Cr	52,119	1.45
Nov 17, 2025	Suresh dey	Bulk	Buy	26.07	0.08 Cr	29,500	0.82
Nov 17, 2025	Arif hussain	Bulk	Buy	26.07	0.05 Cr	19,000	0.53
Nov 03, 2025	Neha khemka	Bulk	Sell	24.95	0.06 Cr	26,000	0.72
Oct 20, 2025	Vivek kanda	Bulk	Buy	24.54	0.04 Cr	18,271	0.50
Mar 28, 2024	Sachendra tummala	Insider - Promoter & Director	Disposal	0.00	0.00 Cr	10,63,722	29.67
Dec 21, 2023	Sachendra tummala	Insider - Promoter & Director	Disposal	0.00	0.00 Cr	5,00,000	13.9

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

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Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overview

Detailed Summary

Mipco Seamless Rings (Gujarat) Ltd transitioned from manufacturing rolled rings for bearings to being an IT and ITES services provider.

Initially established in 1980, the company embarked on forging lines and wind turbines early on but halted manufacturing activities for a period.

In 2020-21, Mipco shifted its focus to IT services and related media and entertainment activities, marking a significant pivot in its business model.

The company's historical emphasis on engineering and manufacturing infrastructure may offer competitive advantages as it navigates the IT sector.

Sector

IT - Software

Industry

Computers - Software - Medium / Small

Market Cap

10 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

38.4

PEG Ratio

—

P/B Ratio

—

52W High

37.38

52W Low

22.00

Sales CAGR

—

10Y

—

Profit CAGR

67.74%

—

10Y

—

ROE

TTM

2.79%

13.20%

12.30%

10Y

16.75%

ROCE

TTM

-31.63%

36.69%

21.67%

10Y

23.67%

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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.55
Expenses	0.16	0.10	0.03	0.03	0.07	0.04	0.02	0.04	0.08	0.50
Operating Profit	-0.16	-0.10	-0.03	-0.03	-0.07	-0.04	-0.02	-0.04	-0.08	0.05
OPM %	—	—	—	—	—	—	—	—	—	9.09
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.06	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	-0.16	-0.10	-0.03	-0.03	-0.07	-0.04	-0.02	0.02	-0.08	0.04
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	-0.16	-0.10	-0.03	-0.03	-0.07	-0.04	-0.02	0.02	-0.08	0.04
EPS in Rs	-0.44	-0.28	-0.07	-0.08	-0.20	-0.10	-0.05	0.03	-0.23	—

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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.10	0.11	0.10	0.10	0.07	0.10	0.03	0.31	0.16	0.18
Operating Profit	-0.10	-0.11	-0.10	-0.10	-0.07	-0.10	-0.03	-0.31	-0.16	-0.18
OPM %	—	—	—	—	—	—	—	—	—	—
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.06	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	-0.10	-0.11	-0.10	-0.10	-0.07	-0.10	-0.03	-0.31	-0.10	-0.12
Tax %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	-0.10	-0.11	-0.10	-0.10	-0.07	-0.10	-0.03	-0.31	-0.10	-0.12
EPS in Rs	-0.63	-0.41	-0.74	-0.61	-0.35	-0.01	-0.06	-0.87	—	-0.35
Dividend Payout %	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 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.58	3.58	3.58	3.58	3.58	3.58	3.58	3.58	3.58	3.58
Reserves	-5.85	-5.95	-6.06	-6.16	-6.26	-6.33	-6.43	-6.46	-6.76	-6.87
Borrowings	2.55	2.61	2.67	2.70	2.71	2.79	2.84	2.84	2.71	3.43
Other Liabilities	0.06	0.10	0.16	0.23	0.32	0.31	0.35	0.38	0.62	0.01
Total Liabilities	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.14	0.16
Fixed Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.14	0.16
Total Assets	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.35	0.14	0.16

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.00	0.00	0.00	0.00	0.00	0.16	-0.72
Cash from Investing Activity	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing Activity	0.00	0.00	0.00	0.00	0.00	-0.14	0.73
Net Cash Flow	0.00	0.00	0.00	0.00	0.00	0.02	0.01

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
3CIT	16.50	10 Cr	—	0.78	0.00	1.93	2.22	1.06
PATANGPP	9.20	10 Cr	—	0.97	0.00	—	—	0.00
MPCOSEMB	27.28	10 Cr	—	0.00	0.00	2.79	-31.63	-10.26
GATECHDVR	0.50	9 Cr	2.27	0.00	0.00	14.20	13.95	5.36
WITS	239.90	9 Cr	—	0.00	0.00	-22.70	-22.65	-17.96
OTCO	6.72	9 Cr	—	3.71	0.00	-8.74	-2.32	-2.48
OONE	8.39	9 Cr	4.32	0.52	0.00	11.34	15.68	5.07