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Muller & Phipps (India) Ltd (501477)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 501477 NSE: Trading | Small Cap | Muller & Phipps (I) Share Price

₹199.80 -0.10 (-0.05%)

As on 10-Jun'26 16:59

Muller & Phipps (India) Ltd (501477)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 501477 NSE: Trading | Small Cap | Muller & Phipps (I) Share Price

₹199.80 -0.10 (-0.05%)

As on 10-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹12 Cr.
Current Price
₹199.8
52-Week Low / High
₹188 / 377
TTM EPS
₹-0.5
TTM Sales
₹5.6 Cr.
Book Value per Share
₹-33.9
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
35.7
Price to Book (P/B)
-5.89
Higher than its 5-year historical median
Price to Sales (P/S)
2.22
Lower than its 5-year historical median
EV/EBITDA
222.38
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
0.00%
Underperforms industry median
Return on Assets (ROA)
-13.62%
Operating Profit Margin
-16.2%
Net Profit Margin
-12.65%
Gross Profit Margin
-12.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
43%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-202.74%
Asset Quality
Promoter Holding
51.63%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-3 Cr.
Equity
₹0.6 Cr.
Face Value
₹10
All Time Low / High
₹21.60 / 726.20

Muller & Phipps (India) stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Muller & Phipps (India) Ltd a good quality company?
Muller & Phipps (India) Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Muller & Phipps (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Muller & Phipps (India) Ltd vs industry peers?
Muller & Phipps (India) Ltd revenue CAGR is 10.34%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Muller & Phipps (India) Ltd?
Promoters hold 51.63% of the Muller & Phipps (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Muller & Phipps (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 8.2% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Muller & Phipps (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 0%0%0%0%0%0%0%0%0%0%-
Value Creation
Index
NANANANANANANANANANA-

Growth Parameters

Sales 3.53.43.13.73.643.73.94.15.96
Sales YoY Gr.--2%-8.5%19.1%-3.2%9.7%-7.6%6.5%5.9%43%-
Adj EPS -10.7-0.63.15.412.773.47.2-11.9-0.5
YoY Gr.-NA-192.4%NA78%133.2%-44.9%-50.9%109.9%-265.6%-
BVPS (₹) -79.3-78.4-78.8-75.6-70-42.8-35.9-32.5-20.9-33.3-33.9
Adj Net
Profit
-0.10-00.20.30.80.40.20.5-0.7-0
Cash Flow from Ops. 00.10.2-00.22.20.10.20.7-0.4-
Debt/CF from Ops. 54.427.611.7-229.912.30.8125.11.1-2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6%10.3%17.3%43%
Adj EPS NA-217%-219.5%-265.6%
BVPSNANANANA
Share Price 8.8% 20.7% 6.4% -21.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.3-0.80.8-4-7.5-22.4-17.8-10-26.9441.5
Op. Profit
Mgn %
-3.40110.136.44.91.2-0.7-16.2-21.8
Net Profit
Mgn %
-1.81.2-1.25.19.419.911.95.510.9-12.6-0.6
Debt to
Equity
-0.4-0.4-0.4-0.4-0.4-0.6-0.6-0.5-0.6-0.4-
Working Cap
Days
46146750542646440342943641931666
Cash Conv.
Cycle
-292-278-307-276-253-221-184-160-4852-41

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3.503.433.143.743.623.973.673.914.145.92
Operating Expenses + 3.623.443.113.363.513.723.493.874.176.88
Manufacturing Costs0.030.020.020.010.020.010.010.010.010.01
Material Costs1.781.721.361.581.491.651.541.721.822.26
Employee Cost 0.780.740.860.871.011.0811.011.122.38
Other Costs 1.030.960.870.900.980.980.941.121.212.22
Operating Profit -0.12-0.010.030.380.110.250.180.05-0.03-0.96
Operating Profit Margin (%) -3.4%-0.3%1.0%10.0%3.0%6.4%4.9%1.2%-0.7%-16.3%
Other Income + 0.380.310.180.080.380.270.380.260.430.28
Exceptional Items 000001.34000.400
Interest 0.310.240.240.210.140.120.100.090.070.06
Depreciation 0.010.010.010.010.010.010.010.010.010.01
Profit Before Tax -0.060.05-0.040.240.341.730.440.210.73-0.75
Tax 00.0100.05000000
Profit After Tax -0.060.03-0.040.190.341.730.440.210.73-0.75
PAT Margin (%) -1.8%1.0%-1.2%5.1%9.4%43.5%11.9%5.5%17.6%-12.7%
Adjusted EPS (₹)-1.00.6-0.63.15.427.77.03.411.7-12.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Muller & Phipps (I) - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + -4.96-4.90-4.92-4.72-4.38-2.68-2.24-2.03-1.31-2.08
Share Capital 0.630.630.630.630.630.630.630.630.630.63
Reserves -5.58-5.52-5.55-5.35-5-3.30-2.87-2.66-1.93-2.70
Debt +1.891.891.892.041.901.621.341.060.790.84
Long Term Debt01.891.892.041.901.621.341.060.790.84
Short Term Debt1.89000000000
Minority Interest0000000000
Trade Payables2.552.492.392.352.352.062.122.270.300.75
Others Liabilities 55.115.125.155.013.683.623.685.496.21
Total Liabilities 4.494.604.484.814.894.684.844.985.265.72

Fixed Assets

Net Fixed Assets +2.952.922.932.922.940.070.060.050.060.06
Gross Block4.854.774.794.794.820.950.950.950.970.97
Accumulated Depreciation1.901.851.861.871.880.880.890.900.910.91
CWIP 0000000000
Investments 0.010.010.010.010.010.010.010.010.010.01
Inventories0.010.040.050.070.140.120.190.170.160.10
Trade Receivables0.480.550.350.410.300.490.720.950.831.76
Cash Equivalents 0.060.100.170.260.120.510.240.110.500.12
Others Assets 0.970.970.961.141.363.483.623.693.713.67
Total Assets 4.494.604.484.814.894.684.844.985.265.72

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0.030.070.16-0.010.152.160.110.210.73-0.42
PBT -0.060.05-0.040.240.341.730.440.210.73-0.75
Adjustment 0.320.270.250.220.150.130.120.090.070.07
Changes in Working Capital -0.22-0.23-0.03-0.43-0.06-0.36-0.31-0.07-0.040.26
Tax Paid -0-0.01-0.01-0.04-0.270.66-0.13-0.03-0.030
Cash Flow From Investing Activity + 00.01-0.02-0-0.03-0.01-0-0-0.02-0.01
Capex 00.01-0.02-0-0.03-0.01-0-0-0.02-0.01
Net Investments 0000000000
Others 0000000000
Cash Flow From Financing Activity + -0.05-0.04-0.070.10-0.26-1.76-0.38-0.34-0.320.05
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000-0.28-0.28-0.28-0.280.05
Interest Paid -0.05-0.04-0.07-0.05-0.12-1.48-0.10-0.07-0.05-0.01
Dividend Paid 0000000000
Others 0000.15-0.1400000
Net Cash Flow -0.010.040.070.09-0.140.39-0.27-0.130.39-0.38

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.760.760.690.810.750.830.770.80.811.08
PAT to CFO Conversion(x)N/A2.33N/A-0.050.441.250.2511N/A
Working Capital Days
Receivable Days58.1054.7052.1037.1036.1036.5060.4078.3078.6079.90
Inventory Days1.302.905.806.3010.8012.1015.7016.9014.408
Payable Days560.60534656.90546.20575.60488.80495.70466.40257.3084.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Muller & Phipps (India) Ltd FAQs

The current trading price of Muller & Phipps (I) on 10-Jun-2026 16:59 is ₹199.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Jun-2026 the market cap of Muller & Phipps (I) stood at ₹12.49 Cr

The latest P/E ratio of Muller & Phipps (I) as of 09-Jun-2026 is 0.00.

The latest P/B ratio of Muller & Phipps (I) as of 09-Jun-2026 is -5.89.

The 52-week high of Muller & Phipps (I) is ₹377.0 and the 52-week low is ₹188.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Muller & Phipps (I) is ₹5.63 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Muller & Phipps (India) Ltd is a average quality company.

The key valuation ratios of Muller & Phipps (India) Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Muller & Phipps (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Muller & Phipps (India) Ltd

Muller & Phipps India was incorporated in Kolkotta(Calcutta) on  October 12, 1917 as a fully owned subsidiary of Muller & Phipps International, New York, USA. Muller & Phipps (I) acted as indenting agents for many well-known American and continental manufactures of consumer and industrial products. Some of the brands that were brought to Indian subcontinent by Muller & Phipps include Gillette Blades and shaving accessories, Quaker Oats, etc.

Muller & Phipps India is one of the largest company with highly efficient distribution network & quality marketing services in India from past 90 years.Company came into existence in 1917 as a fully owned subsidairy of Muller & Phipps International New York, USA, operating through its diverse portfolio of consumer/pharmacy products.

The Industrial products handled by Muller & Phipps include bearings, Automobile parts, crank shafts, power engines, tools and accesseries. M&P operated through its two division (Merchandising and Industrial) and with branches and warehouses at all major cities of India.

The post independence era of 1950's outlined India's policy of self-reliance & consequently, restrictions were imposed on import of consumer products. Moving with times and consistent with the company's philosophy of being of service to Indian consumers, Muller & Phipps march towards becoming a marketing organisation with strong foundation for efficient and extensive distribution of a wide range of products.

With the sucess of these products, Muller & Phipps grew steadily to be regarded as the leading and most progressive distribution company in the country. The fall in line with the Governement's policy on dilution of foreign equity holdings, Muller & Phipps Internatonal maintained their equity participation at 24%.

When the restrictions on foreign holding were removed, Getz Corporation acquired majority of holdings in Muller & Phipps (I) Ltd. They cover around 40,100 chemists,C 65700 General Stores, 82450 Provisional/Kirana stores and around 2345 Super Markets. This huge amount of points across the network, they use sofisticated and highly effective tools to manage these distribution network. 

From Consumer Products to Health Products, M&P caters all the different types of products.

Product range of the company includes:

The company has a history of pioneering large number of consumer products in the country. Some of the brands promoted includes Vicks, Helene Curtis, Chandrika, Ujala etc. Currently the company deals with Color Mate and other products.

  • Color Mate Active Plus
  • Color Mate Hair Color
  • Nixoderm Ointment
  • Cavisan
  • Cavidine
  • Dentocine
  • Vicks
  • Helene Curtis
  • Chandrika
  • Ujala
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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