Mehta Integrated Finance Ltd (511377)
🎯 Key Takeaways
- Mehta Integrated Finance Ltd appears to be in a dormant or transitional phase, with no meaningful revenue generation and persistent negative returns. The company's financials show no operational activity, and its negative ROE and ROCE suggest it is not currently generating sustainable earnings.
- Revenue declined 56.3% QoQ to ₹0 in Q1FY27.
- ⚠️ 1) The company has reported zero revenue for multiple consecutive quarters, indicating a complete halt in core business operations. 2) Persistent nega
📖 The Story
Mehta Integrated Finance Ltd appears to be in a dormant or transitional phase, with no meaningful revenue generation and persistent negative returns. The company's financials show no operational activity, and its negative ROE and ROCE suggest it is not currently generating sustainable earnings. Management continuity is stable with the MD reappointed, but there is no indication of active business revival or strategic transformation.
📰 What's Happening
The board reappointed Vishwesh D. Mehta as Managing Director for three years effective 01.06.2026, ratified at the upcoming 41st AGM on 25.09.2026 (Filing: BOARD MEETING | 2026-09-01). Sanjay Dayalji Kukadia was appointed as e-voting scrutineer, and the record date for register closure was set from 19.09.2026 to 25.09.2026. This reappointment signals continuity in leadership but does not imply immediate operational revival. Shareholders must formally approve the reappointment at the AGM.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | -0 | -0 | -0 | 0 | -0 |
| OPM % | — | -1500.0% | -280.0% | 6.3% | -114.3% |
| Net Profit | 0 | 0 | -0 | 0 | -0 |
| EPS | ₹0.14 | ₹0.31 | ₹-0.28 | ₹0.01 | ₹-0.17 |
The company reported zero revenue in all recent quarters (Jun 2026 to Jun 2025), with operating performance swinging between minor positives and significant negatives. Margins have been volatile, including extreme negative OPMs in Dec 2025 (-280%) and Sep 2025 (-1500%), though a slight improvement was seen in Mar 2026 with a 6.3% OPM. Net losses persist, and EPS remains negative in most periods, indicating no earnings recovery. The financial trajectory reflects a business with no active operations or revenue stream, despite stable equity and reserves.
🔮 Management Outlook & What's Next
Management has not provided forward guidance on revenue generation, profitability, or business revival in the available filings. The only disclosed forward-looking item is the reappointment of the Managing Director and the scheduling of the 41st AGM on 25.09.2026. No strategic roadmap, new business initiatives, or performance targets were outlined in the reviewed documents.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 |
| Reserves | 12 | 12 | 12 | 12 |
| Borrowings | 1 | 1 | 1 | 1 |
| Total Liabilities | 18 | 18 | 18 | 21 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 12 | 12 | 13 | 15 |
| Total Assets | 18 | 18 | 18 | 21 |
The balance sheet remains extremely thin, with total assets of just ₹21 crore as of Mar 2026 and ₹18 crore in prior periods, showing no asset growth. Equity remains fixed at ₹5 crore, reserves at ₹12 crore, and borrowings minimal at ₹1 crore. There is no evidence of capital investment or expansion; the capital structure is static, suggesting limited reinvestment or operational scaling. The company appears asset-light but inactive, with no signs of balance sheet utilization for growth.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | +1 |
| Investing | +0 |
| Financing | -0 |
| Net Cash Flow | +0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 56.6% | 56.7% | 56.7% | 57.1% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 41.8% | 41.7% | 41.7% | 41.3% |
| # Shareholders | 9,447 | 9,400 | 9,383 | 9,371 |
Promoter holding has slightly increased from 56.59% in Q2FY26 to 57.08% in Q1FY27, indicating no dilution or exit. Public shareholding remains around 41.3%, with 9,371 shareholders. FII and DII holdings remain at 0%, suggesting no institutional interest or participation. The shareholder base is stable but highly concentrated among promoters and a large number of small public shareholders, with no signs of foreign or DII accumulation.
⚖️ Peer Comparison — Finance
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| BAJFINANCE | 6.56 L Cr | 32.2 | 10.4% | 18.1% | 3.82 |
| BAJAJFINSV | 3.15 L Cr | 31.0 | 11.4% | 26.5% | 5.50 |
| SHRIRAMFIN | 2.49 L Cr | 18.7 | 11.5% | 17.1% | 3.80 |
| TATACAP | 1.56 L Cr | 28.6 | 8.4% | 12.3% | 5.28 |
| JIOFIN | 1.56 L Cr | 73.3 | 2.3% | 1.6% | 0.17 |
| CHOLAFIN | 1.55 L Cr | 26.7 | 9.3% | 18.9% | 6.93 |
| ICICIAMC | 1.50 L Cr | 30.0 | 111.5% | 83.6% | 0.00 |
| BAJAJHLDNG | 1.26 L Cr | 14.3 | 12.4% | 12.3% | 0.00 |
| MUTHOOTFIN | 1.17 L Cr | 10.3 | 14.4% | 29.3% | 3.88 |
| SBIFUNDS | 1.16 L Cr | — | — | — | 0.00 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) The company has reported zero revenue for multiple consecutive quarters, indicating a complete halt in core business operations. 2) Persistent negative ROE and ROCE (-0.4% and -0.3%) reflect no profitability and potential capital erosion. 3) Volatile and extreme negative operating margins suggest deteriorating or unsustainable cost structures, if any operations existed. 4) No forward-looking guidance or strategic initiatives have been disclosed, raising concerns about long-term viability.
🧠 Analyst's Read
Mehta Integrated Finance Ltd appears to be a financially stagnant entity with no active business operations or growth trajectory. Investors should monitor shareholder approval of the MD reappointment at the upcoming AGM and any future disclosures for signs of operational revival or strategic direction. Until then, the company lacks the fundamentals of an active financial services business.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-02.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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