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Mahaveer Infoway Ltd (539383)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539383 NSE: IT - Software | Small Cap | Mahaveer Infoway Share Price

₹13.02 0.00 (0.00%)

As on 01-Jun'26 16:59

Mahaveer Infoway Ltd (539383)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539383 NSE: IT - Software | Small Cap | Mahaveer Infoway Share Price

₹13.02 0.00 (0.00%)

As on 01-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹7 Cr.
Current Price
₹13
52-Week Low / High
₹6 / 16
TTM EPS
₹1.2
TTM Sales
₹2.6 Cr.
Book Value per Share
₹8.5
P/E Ratio
11.19
Higher than its 5-year historical median
Industry PE
22.2
Price to Book (P/B)
1.54
Higher than its 5-year historical median
Price to Sales (P/S)
2.74
Higher than its 5-year historical median
EV/EBITDA
7.03
In line with its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
2.00%
Underperforms industry median
Return on Capital Employed (ROCE)
5.55%
Underperforms industry median
Return on Assets (ROA)
1.10%
Operating Profit Margin
5.4%
Net Profit Margin
2.93%
Gross Profit Margin
10.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-49.54%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
47.07%
Pledged shares (%) of Promoter's holding (%)
17.64%
Reserves
₹-1 Cr.
Equity
₹5.5 Cr.
Face Value
₹10
All Time Low / High
₹0.91 / 50.00

Mahaveer Infoway stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Mahaveer Infoway Ltd a good quality company?
Mahaveer Infoway 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 Mahaveer Infoway Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Mahaveer Infoway Ltd vs industry peers?
Mahaveer Infoway Ltd revenue CAGR is 4.41%, compared to the industry median CAGR of 2.48%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Mahaveer Infoway Ltd?
Promoters hold 47.07% of the Mahaveer Infoway Ltd, with 17.64% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Mahaveer Infoway Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.8% 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.
Mahaveer Infoway Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 5.2%1.8%-0.7%-2.9%-2.8%-2.9%5.7%-1.3%-4.5%5.6%-
Value Creation
Index
-0.6-0.9-1.1-1.2-1.2-1.2-0.6-1.1-1.3-0.6-

Growth Parameters

Sales 25.8112.31.72.21.234.15.42.73
Sales YoY Gr.--57.2%-79.4%-26.3%31%-43.6%145.2%35.2%31.6%-49.5%-
Adj EPS 0.1-0.8-1.1-1.2-0.9-0.70.40.3-0.80.21.2
YoY Gr.--781.8%NANANANANA-34.2%-400%NA-
BVPS (₹) 12.812119.88.98.18.57.97.27.38.5
Adj Net
Profit
0.1-0.4-0.6-0.6-0.5-0.40.20.1-0.40.11
Cash Flow from Ops. 0.80.32-00.3-0.41.10.7-0.3-0.1-
Debt/CF from Ops. 7.622.12.1-1018.411.5-6.71.81.9-6.2-14.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -22.1%4.4%-3.5%-49.5%
Adj EPS 3.5%NA-26.6%NA
BVPS-6%-3.9%-4.7%2.1%
Share Price 8.2% 21.4% 16.2% 54.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0.9-6.1-9.2-11.3-9.4-7.84.63-10214.7
Op. Profit
Mgn %
-15.2-30.3-7.6-36.1-6.9-1.815.313.1-8.15.4-8.5
Net Profit
Mgn %
0.2-3.8-25.6-38.3-22-29.46.93.3-7.72.924.4
Debt to
Equity
0.80.80.70.60.70.70.40.30.40.40
Working Cap
Days
1423211,4091,4741,0061,601661536405762823
Cash Conv.
Cycle
8417430182757695236322390125407

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales25.8111.042.281.682.201.243.044.115.412.73
Operating Expenses > + 29.7314.402.452.292.351.412.573.575.852.58
Manufacturing Costs0.070.020.030.01000000
Material Costs24.9110.381.802.101.701.131.751.161.130.36
Employee Cost 0.430.280.030.020.050.030.301.823.041.38
Other Costs > 4.313.720.600.160.600.240.520.591.670.85
Operating Profit > -3.92-3.36-0.17-0.61-0.15-0.170.470.54-0.440.15
Operating Profit Margin (%) -15.2%-30.4%-7.6%-36.4%-6.9%-13.9%15.3%13.1%-8.1%5.4%
Other Income > + 4.673.630.200.4200.0100.090.290.28
Exceptional Items > 0000000-0.6400
Interest > 0.610.640.490.360.320.230.160.160.130.14
Depreciation > 0.080.060.100.090.090.070.070.060.110.12
Profit Before Tax > 0.05-0.42-0.56-0.64-0.55-0.460.23-0.23-0.390.18
Tax > -0.010.010.010.01-0.070.010.020.0800.10
Profit After Tax 0.06-0.42-0.57-0.65-0.48-0.470.21-0.31-0.390.08
PAT Margin (%) 0.2%-3.8%-24.9%-38.5%-22.0%-37.8%6.9%-7.7%-7.2%2.9%
Adjusted EPS (₹)0.1-0.8-1.0-1.2-0.9-0.90.4-0.6-0.70.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Mahaveer Infoway - Standalone

YTD 1Y 3Y 5Y 10Y Max
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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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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 + 7.036.616.055.404.914.454.654.343.954.03
Share Capital 5.515.515.515.515.515.515.515.515.515.51
Reserves 1.521.100.54-0.11-0.59-1.06-0.85-1.17-1.56-1.48
Debt +5.865.5243.363.632.931.981.351.721.51
Long Term Debt0.09000000000
Short Term Debt5.785.5243.363.632.931.981.351.721.51
Minority Interest0000000000
Trade Payables0.281.800.390.390.180.2500.050.070.01
Others Liabilities 0.280.460.370.540.060.091.542.861.601.65
Total Liabilities 13.4514.3910.819.698.787.718.178.617.347.21

Fixed Assets

Net Fixed Assets +0.310.251.301.361.331.341.291.201.281.16
Gross Block1.101.101.531.591.572.312.332.312.092.09
Accumulated Depreciation0.790.850.230.240.240.981.051.110.810.93
CWIP 1.141.1400000000
Investments 2.032.032.391.781.781.071.070.580.320.32
Inventories2.493.662.101.931.861.861.770.970.360.36
Trade Receivables3.113.222.032.161.711.441.341.040.470.77
Cash Equivalents 1.040.470.070.030.060.060.070.520.010.06
Others Assets 3.333.632.932.432.041.942.644.284.894.54
Total Assets 13.4514.3910.819.698.787.718.178.617.347.21

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0.770.251.95-00.31-0.441.120.70-0.28-0.10
PBT 0.06-0.42-0.57-0.64-0.49-0.480.20-0.23-0.390.18
Adjustment 0.610.550.570.320.440.280.650.83-0.02-0.03
Changes in Working Capital 0.10.121.950.320.43-0.240.710.850.17-0.17
Tax Paid 0000000-0.10-0.05-0.08
Cash Flow From Investing Activity + -00.12-0.360.5500.72-0.020.500.340.28
Capex 0.250-0.01-0.1700-0.020-0.180
Net Investments -0.280-0.360.6100.7100.490.260
Others 0.030.1200.1100.0100.020.260.28
Cash Flow From Financing Activity + -0.53-0.95-1.99-0.58-0.29-0.28-1.09-0.74-0.57-0.13
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.12-0.09-1.91-0.20-0.7700000
Interest Paid -0.59-0.60-0.47-0.35-0.29-0.21-0.15-0.12-0.13-0.13
Dividend Paid 0000000000
Others 0.18-0.250.39-0.030.77-0.07-0.94-0.63-0.440
Net Cash Flow 0.24-0.58-0.40-0.030.02-00.010.46-0.510.05

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)0.9-6.23-8.95-11.32-9.4-10.014.6-6.98-9.382
ROCE (%)5.21.76-0.65-2.93-2.76-2.915.66-1.26-4.485.55
Asset Turnover Ratio1.790.790.180.160.240.150.380.490.680.38
PAT to CFO Conversion(x)12.83N/AN/AN/AN/AN/A5.33N/AN/A-1.25
Working Capital Days
Receivable Days62.60104.60421.30454.30320.40464.90167105.8051.1082.80
Inventory Days35.50101.60462437.80314.40548.90218.20121.9044.9048.30
Payable Days14.9036.60222.606861.3068.30017.2019.3037.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *17.6417.6417.6417.6417.6417.6417.6417.6417.6417.64
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

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Announcements

Mahaveer Infoway Ltd FAQs

The current trading price of Mahaveer Infoway on 01-Jun-2026 16:59 is ₹13.02.

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 31-May-2026 the market cap of Mahaveer Infoway stood at ₹7.17 Cr

The latest P/E ratio of Mahaveer Infoway as of 31-May-2026 is 11.19.

The latest P/B ratio of Mahaveer Infoway as of 31-May-2026 is 1.54.

The 52-week high of Mahaveer Infoway is ₹15.88 and the 52-week low is ₹6.44.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mahaveer Infoway is ₹2.62 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mahaveer Infoway Ltd is a below average quality company.

The key valuation ratios of Mahaveer Infoway Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

About Mahaveer Infoway Ltd

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About MoneyWorks4Me

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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