Management Or Ownership Change
Expected: April 2026MEDIUM confidence
What: MD Appointment: Babubhai Makwana
Mrugesh Trading Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +204.5%Weak12w Streak
In , Mrugesh Trading Ltd (NBFC - Others) is outperforming Nifty 500 with +204.5% relative strength. Fundamentals: Weak. On a 12-week streak.
Mrugesh Trading Ltd Key Facts
- Market Cap
- ₹2,024 Cr
- PAT Growth YoY
- +2500%
- Revenue Growth YoY
- +146%
- RS vs Nifty 500
- +204.5%
Avoid
What's Happening
🚫No earnings growth, no valuation discount — limited upside
💰Trading 100% above estimated fair value — significant premium
Earnings Acceleration Triggers
1. Management Or Ownership Change
April 2026MEDIUM
2. Asset Quality Improvement
FY 2025-26MEDIUM
Key Risks
1. Increasing reliance on digital platforms makes the NBFC vulnerable to cyberattac
MEDIUM2. Dual oversight from RBI and SEBI increases compliance burden and risk of failure
MEDIUMSector-Specific Signals
Total AssetsINR 18.64 Cr12326%
Return on Equity182.78%Not Given
Promoter Holding0.25%-74.12%
Key Numbers
PAT Growth YoY
+2500%
Stable
Revenue YoY
+146%
Insufficient Data
Price to Book
29.8
Current Price
₹28
Fundamental Score
24/100
Weak
3Y PAT CAGR
+67%
Market Cap
2.0K Cr
Valuation
Significantly Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
Why Are Mrugesh Trading Ltd's Earnings Accelerating?
Based on Q3 FY26 (web) earnings • Updated Apr 18, 2026
Asset Quality Improvement
Expected: FY 2025-26MEDIUM confidence
What: Underwriting Standards: Strengthening
What Are the Key Risks for Mrugesh Trading Ltd?
Earnings deceleration risks from management commentary
Increasing reliance on digital platforms makes the NBFC vulnerable to cyberattac
MEDIUMTrigger: Increasing reliance on digital platforms makes the NBFC vulnerable to cyberattacks and data breaches.
Management view: Focusing on strengthening digital processes.
Monitor: cyber
Dual oversight from RBI and SEBI increases compliance burden and risk of failure
MEDIUMTrigger: Dual oversight from RBI and SEBI increases compliance burden and risk of failure.
Management view: Maintaining 'Zero Tolerance' for bribery and corruption.
Monitor: regulatory
What Did Mrugesh Trading Ltd Report This Quarter?
Headline numbers from the latest earnings call
Revenue
INR 3.84 Cr
YoY +146.15%QoQ +291.84%
Revenue surged sequentially from INR 0.98 Cr in Sep 2025 to INR 3.84 Cr in Dec 2025.
EBITDA
INR 0.34 Cr
YoY +3300%Margin 8.85%
Operating profit (PBDIT) turned positive at INR 0.34 Cr compared to a loss of INR 0.03 Cr in the previous quarter.
PAT
INR 0.26 Cr
YoY +2500%QoQ +966.67%
Net profit zoomed 2500% year-on-year, reflecting a significant turnaround from the marginal profit of INR 0.01 Cr in Dec 2024.
Other Highlights
• Promoter shareholding remains extremely low at 0.25% as of Dec 2025.
• Company converted 720 million warrants to equity shares in Nov 2025.
• Statutory auditor M/s. J Singh & Associates resigned in Jan 2026.
What Sector Metrics Matter for Mrugesh Trading Ltd?
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Total Assets
INR 18.64 Cr
YoY 12326%
Why: Significant increase from INR 0.15 Cr in FY24 to INR 18.64 Cr in FY25.
Return on Equity
182.78%
YoY Not Given
Why: Reflects the sharp turnaround in profitability from a low base.
Promoter Holding
0.25%
YoY -74.12%QoQ -74.12%
Why: Promoter holding dropped from 74.37% in Sep 2025 to 0.25% in Dec 2025.
What Is Mrugesh Trading Ltd's Management Guidance?
Forward-looking targets from management for FY 2025-26
Revenue Outlook
Management aims to enhance the loan book cautiously and target a return to profitability.
Management Tone: CAUTIOUS
How Fast Is Mrugesh Trading Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +146% | — | Insufficient Data |
| PAT (Net Profit) | +2500% | +67% | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
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Frequently Asked Questions: Mrugesh Trading Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Mrugesh Trading Ltd's latest quarterly results?
Mrugesh Trading Ltd's latest quarterly results (Dec 2025) show
- PAT Growth YoY: +2500.0% (stable)
- Revenue Growth YoY: +146.2%
- Net Interest Margin: 9.11%
Is Mrugesh Trading Ltd's profit growing or declining?
Mrugesh Trading Ltd's profit is growing with an stable trend.
- PAT Growth YoY: +2500.0% (latest quarter)
- PAT Growth QoQ: +966.7% (sequential)
- 3-Year PAT CAGR: +66.7%
- Trend: Stable — consistent growth pattern
What is Mrugesh Trading Ltd's revenue growth trend?
Mrugesh Trading Ltd's revenue growth trend is insufficient_data.
- Revenue Growth YoY: +146.2%
- Revenue Growth QoQ: +291.8% (sequential)
What is Mrugesh Trading Ltd's asset quality trend?
Mrugesh Trading Ltd's asset quality trend is insufficient_data.
What is Mrugesh Trading Ltd's 3-year profit and revenue CAGR?
Mrugesh Trading Ltd's long-term compounding rates
- 3-Year Profit CAGR: +66.7%
Is Mrugesh Trading Ltd's growth accelerating or decelerating?
Mrugesh Trading Ltd's earnings growth is stable with positive momentum on a sequential basis.
- YoY Acceleration: +180.0% bps
- Sequential Acceleration: +10.0% bps
What is Mrugesh Trading Ltd's trailing twelve month (TTM) performance?
Mrugesh Trading Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹0 Cr
- TTM PAT Growth: -80.0% YoY
- TTM Revenue: ₹13 Cr
- TTM Revenue Growth: +1.1% YoY
Is Mrugesh Trading Ltd overvalued or undervalued?
Mrugesh Trading Ltd appears significantly overvalued based on our fair value analysis.
- Valuation Signal: Significantly Overvalued
- Price-to-Book: 29.8x
What is Mrugesh Trading Ltd's price-to-book ratio?
Mrugesh Trading Ltd's price-to-book ratio is 29.8x.
- Price-to-Book (P/B): 29.8x
- Book Value per Share: ₹1
- Current Price: ₹28
Is Mrugesh Trading Ltd a fundamentally strong company?
Mrugesh Trading Ltd is rated Weak with a fundamental score of 24/100. This score is calculated from objective financial metrics
- PAT Growth YoY: +2500.0% (20% weight)
- PAT Growth QoQ: +966.7% (15% weight)
- Earnings trend: stable (5% weight)
Is Mrugesh Trading Ltd debt free?
Mrugesh Trading Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹0 Cr
What is Mrugesh Trading Ltd's return on equity (ROE) and ROCE?
Mrugesh Trading Ltd's return ratios over recent years
- FY2023: ROE -28.6%
- FY2024: ROE -80.0%
- FY2025: ROE 3.8%
Is Mrugesh Trading Ltd's cash flow positive?
Mrugesh Trading Ltd's operating cash flow is negative (FY2025).
- Cash from Operations (CFO): ₹-18 Cr
- Free Cash Flow (FCF): ₹-18 Cr
- CFO/PAT Ratio: -5100% (weak cash conversion)
What is Mrugesh Trading Ltd's dividend yield?
Mrugesh Trading Ltd currently does not pay a significant dividend (yield 0.00%).
- Dividend Yield: 0.00%
- Current Price: ₹28
Who holds Mrugesh Trading Ltd shares — promoters, FII, DII?
Mrugesh Trading Ltd's shareholding pattern (Mar 2026)
- Promoters: 0.3%
- Public: 99.8%
Is promoter holding increasing or decreasing in Mrugesh Trading Ltd?
Mrugesh Trading Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 0.3% (Mar 2026)
- Previous Quarter: 0.3% (Dec 2025)
- Change: 0.00% (stable)
How long has Mrugesh Trading Ltd been outperforming Nifty 500?
Mrugesh Trading Ltd has been outperforming Nifty 500 for 12 consecutive weeks, indicating strong sustained outperformance.
Is Mrugesh Trading Ltd a new momentum entry or an established outperformer?
Mrugesh Trading Ltd is an established outperformer with 12 weeks of consecutive Nifty 500 outperformance.
What are the growth catalysts for Mrugesh Trading Ltd?
Mrugesh Trading Ltd has 2 key growth catalysts identified from recent earnings analysis
- Management Or Ownership Change — New leadership may signal a shift in operational focus or business strategy.
- Asset Quality Improvement — Focus on asset quality is critical for a turnaround in the NBFC sector.
What are the key risks in Mrugesh Trading Ltd?
Mrugesh Trading Ltd has 2 key risks worth monitoring
- [MEDIUM] Increasing reliance on digital platforms makes the NBFC vulnerable to cyberattac — Increasing reliance on digital platforms makes the NBFC vulnerable to cyberattacks and data breaches.
- [MEDIUM] Dual oversight from RBI and SEBI increases compliance burden and risk of failure — Dual oversight from RBI and SEBI increases compliance burden and risk of failure.
What is Mrugesh Trading Ltd's management guidance for growth?
Mrugesh Trading Ltd's management has provided the following forward guidance for FY 2025-26
- Revenue outlook: Management aims to enhance the loan book cautiously and target a return to profitability.
- Margin outlook: Not Given
- Management tone: cautious
What sector-specific metrics matter most for Mrugesh Trading Ltd?
Mrugesh Trading Ltd's most important sub-sector-specific KPIs from the latest concall
- Total Assets: INR 18.64 Cr (YoY 12326%) — Significant increase from INR 0.15 Cr in FY24 to INR 18.64 Cr in FY25.
- Return on Equity: 182.78% (YoY Not Given) — Reflects the sharp turnaround in profitability from a low base.
- Promoter Holding: 0.25% (YoY -74.12%) (QoQ -74.12%) — Promoter holding dropped from 74.37% in Sep 2025 to 0.25% in Dec 2025.
Is Mrugesh Trading Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Mrugesh Trading Ltd may be worth studying
- Earnings growing at +2500.0% YoY
What is the investment thesis for Mrugesh Trading Ltd?
Mrugesh Trading Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +146.2% YoY
- Growth catalyst: Management Or Ownership Change
Risk Factors (Bear Case)
- Appears significantly overvalued
- Key risk: Increasing reliance on digital platforms makes the NBFC vulnerable to cyberattac
What is the future outlook for Mrugesh Trading Ltd?
Mrugesh Trading Ltd's forward outlook based on current data signals
- Earnings Trend: stable
- Revenue Trend: insufficient_data
- Valuation: Significantly Overvalued
- Key Catalyst: Management Or Ownership Change
- Key Risk: Increasing reliance on digital platforms makes the NBFC vulnerable to cyberattac
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.