Mehta Integrated Finance Limited

Financial Services — Capital Markets · BSE

₹30.87₹0.00 (0.00%)

DalalBaazaar Score

45 / 100

🟡 Moderate

Verdict

CAUTION

Risk

High

Driven by the company is currently loss-making, micro-cap size, which brings thin liquidity, falling profits.

In simple words: The company is currently losing money, but sales are shrinking. The direction of profits is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 8:27 pm

Understanding the Business

Company site ↗

The 60-second version of Mehta Integrated Finance Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Mehta Integrated Finance Limited engages in capital market investment and consulting business in India.

IndustryCapital Markets

SectorFinancial Services

Employees5

Annual revenue₹1 Cr

How does it make money?

Turns over ₹1 Cr a year. Of every ₹100 of sales, about ₹17 reaches shareholders as profit, with ₹19 left at the operating level before interest, tax and depreciation. Each of its 5 employees supports ₹10.2 lakh of revenue a year, the signature of a people-led business.

Revenue / employee₹10.2 lakh

Who are its competitors?

The closest listed comparisons in its industry are BAJAJ FINANCE LIMITED, HDFC LIFE INS CO LTD, SBI LIFE INSURANCE CO LTD. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Not assessable from these ratios

For a lender, returns on capital are shaped by leverage and funding cost rather than by pricing power, so the usual financial signature of an advantage does not apply. Judge this one on deposit franchise, cost of funds and asset quality — none of which are in this data.

Peer median ROE13.7%

What has been driving growth?

Profit has moved mainly because margins changed, not because the business sold much more. Over 3 years revenue moved -31% while net margin moved -76% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect-31%

Margin effect-76%

DalalBaazaar Score

45/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ Revenue has contracted at 11.6% a year
✗ Profit has declined at 45.0% a year
✗ Latest-year revenue growth of -70.3% is below the longer-term trend — momentum is fading
✗ Profit fell 78.4% in the latest year

Quality vs. Valuation

Company Quality

44/ 100

Weak

How good the business is, ignoring the share price entirely.

Valuation

30/ 100

Expensive

What you are being asked to pay, ignoring how good the business is.

Weak on business quality and not cheap enough to compensate.

vs. its own history

Not enough price and earnings history

vs. sector peers

Not enough peers with a usable P/E

vs. generic bands

N/A

No P/E — the company is lossmaking

EV/EBITDA

165.6x

PEG

—

What's Good / What's Bad

🟢 What's Going Well1

Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention1

Return on equity is falling
ROE has dropped from 3.7% to 0.5% — each rupee of shareholder capital earns less than it did.

Red Flags

2 items require attention · 2 watch

🟡Profit is decliningFinancial
Net profit is down 83% over 3 years.
🟡Margins are compressingFinancial
EBITDA margin is down 4.5 points over 3 years.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Earnings have proved durable
Profitable in every one of the last 4 reported years. Consistency lowers the risk that any single bad year is structural rather than cyclical.

🔴 Bear CaseWhat could go wrong?

Margins are being competed away
EBITDA margin has fallen from 23.8% to 19.2%. If the trend continues, profit falls even on flat sales — and margin decline rarely reverses quickly.
Returns on shareholder capital are falling
ROE has dropped from 3.7% to 0.5%. Each rupee of equity earns less than it did, so profit growth increasingly depends on raising more capital rather than on the existing base working harder.
Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1EBITDA margin holds above 17%✓ 19.2%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Return on equity stays above 8%✗ 0.5%
For a lender this is the cleanest single read on whether the book is being grown profitably.

Investment Checklist

5 / 11 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✗ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✗ Manageable leverage (Debt/Equity < 1.0)
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✗ Revenue growing year-over-year
✗ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✓ Short-term technical trend isn't bearish

Price history

Quick Metrics

2 good · 2 neutral · 7 weak

Market Cap

₹15 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not meaningful

Loss-making

Earnings are negative, so a P/E multiple can't be read here

P/B Ratio

0.98x

Reasonable

Reasonable against the company's book value

EPS (TTM)

₹-0.13

Loss-making

Negative earnings per share — the business is losing money

ROE

0.5%

Weak

Weak capital efficiency

ROCE

0.4%

Weak

Low return on total capital employed

Debt/Equity

5.43x

High

High leverage

Revenue Growth (YoY)

-70.3%

Shrinking

Sales are contracting

Profit Growth (YoY)

-78.4%

Falling

Profits are shrinking

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹2 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

-70.0%

Weak

Thin margins leave little room for error

Net Margin

-11.0%

Weak

Very little revenue reaches the bottom line

Current Ratio

25306.00

Comfortable

Healthy short-term liquidity

Beta (vs Nifty)

0.45

Defensive

Steadier than the market

52W Range Position

53%

Mid-range

Technical Snapshot

SMA 20 / SMA 50

29.0 / 28.8

Bullish alignment (short > long)

Price vs SMA 200

Above

Long-term uptrend

RSI (14)

100.0

Overbought zone

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹1 Cr	₹2 Cr	₹1 Cr	₹1 Cr	-11.6%
EBITDA	₹0 Cr	₹2 Cr	₹0 Cr	₹0 Cr	-17.7%
EBITDA Margin	23.8%	77.5%	56.7%	19.2%	—
PAT (Net Profit)	₹1 Cr	₹2 Cr	₹0 Cr	₹0 Cr	-45.0%
EPS	₹1.07	₹3.09	₹0.83	₹0.18	-44.8%
ROE	3.7%	9.4%	2.4%	0.5%	—
ROCE	1.9%	8.6%	2.3%	0.4%	—
Total Debt	₹2 Cr	₹1 Cr	₹1 Cr	₹1 Cr	-17.7%
Free Cash Flow	-₹1 Cr	₹1 Cr	₹1 Cr	₹2 Cr	—

🔴 Revenue has shrunk at 11.6% a year over 3 years.

🔴 EBITDA has shrunk at 17.7% a year over 3 years.

🔴 EBITDA Margin has fallen from 23.8% to 19.2% over 3 years (-4.5 pts).

🔴 PAT (Net Profit) has shrunk at 45.0% a year over 3 years.

🔴 EPS has shrunk at 44.8% a year over 3 years.

🔴 ROE has fallen from 3.7% to 0.5% over 3 years (-3.2 pts).

🔴 ROCE has fallen from 1.9% to 0.4% over 3 years (-1.5 pts).

🟢 Total Debt has shrunk at 17.7% a year over 3 years.

🟢 Free Cash Flow has turned positive, from -₹1 Cr to ₹2 Cr.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹21 Cr

Total Liabilities

₹4 Cr

Cash & Equivalents

₹0 Cr

Operating Cash Flow

₹2 Cr

Capex

-₹0 Cr

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

53.6%

Peer Comparison

Company	P/E	ROE
BAJAJ FINANCE LIMITED	30.2x	17.8%
HDFC LIFE INS CO LTD	58.4x	11.3%
SBI LIFE INSURANCE CO LTD	63.9x	13.7%

Recent News

2 positive1 mixed3 general

Mehta Integrated Finance authorises MD for legal settlements

scanx.trade, 13 Oct

Mehta Securities Ltd. Shareholding Pattern – Promoters, FIIs & DIIs

Value Research, 04 Sept

Mehta Integrated Finance Q1 Results: Net loss widens to ₹8.46 lakh

scanx.trade, 17 AugResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

Refex Industries secures contract worth Rs 40.83 cr

Business Standard, 14 AugOrder win

🟢Potentially positiveAn order or contract win, which adds to future revenue. How much depends on its size against annual sales and on when it is executed.

MEHTA INTEGRATED FINANCE LTD. Share Price - Live MEHIF Stock Price & Chart

Upstox, 26 Jul

Danlaw Technologies India standalone net profit rises 46.32% in the March 2026 quarter

Business Standard, 28 MayResults

🟢Potentially positiveReported improvement. Check whether it came from volume, price or a one-off item before treating it as a trend.

Watch Items

Revenue growth is negative (-70.3%) on the latest reported period — check if this is one-off or a trend.
This is a financial-sector business: borrowing is its raw material, not leverage in the usual sense. Debt/Equity and ROCE here aren't comparable to a manufacturer's — read them alongside NIM, GNPA and capital adequacy from the company's own disclosures.
Cross-check against the company's latest quarterly filing / investor presentation before acting.
RSI is in overbought territory — momentum entries here carry more short-term pullback risk.

DalalBaazaar Thesis

StrongFinancial Health

MiddlingValuation

WeakBusiness Quality · Growth · Profitability · Risk

Points for each in the Score ↑

Weak on the fundamentals

Poor scores on business quality without a price low enough to compensate. There is no obvious argument for owning this over a stronger company at a similar valuation.

1 of 2 tripwires tripped — Return on equity stays above 8% · see Key things to watch ↑