Mihika Industrie

BSE: MIHIKA · Trading & Distributors

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Snapshot

Unlock Mihika Industrie's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Mihika Industries Limited is an Indian public company primarily engaged in the wholesale trading and distribution of commodities, including chemicals, fabrics, and industrial raw materials. The firm operates as a supply chain intermediary, sourcing products from manufacturers to serve a diverse industrial client base.

Business Model

The company employs a lean merchant trading model, generating revenue by acting as an intermediary between manufacturers and industrial end-users. It focuses on domestic trading activities within India, avoiding the capital-intensive requirements of direct manufacturing.

Growth Outlook

Growth is primarily driven by the company's ability to scale its merchant trading volumes within the domestic Indian market. As a small-cap entity, its performance remains tied to broader industrial demand and supply chain efficiency.

Key Risks

  • Commodity Price Volatility. Fluctuations in the market prices of chemicals and raw materials can significantly impact trading margins.
  • Supply Chain Dependency. The company's reliance on third-party manufacturers for product sourcing exposes it to potential supply disruptions.
  • Market Competition. The trading and distribution sector is highly fragmented, leading to intense price competition that may compress profitability.
  • Economic Sensitivity. As an intermediary for industrial raw materials, the company is vulnerable to cyclical downturns in the broader Indian industrial sector.

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Peers · Trading & Distributors

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Mihika IndustrieMIHIKA
₹10 Cr-18.3%-46.2%
Veritas (India)VERITAS
₹445 Cr8.637.06-24.1%3.9%1.9%2.7%-55.4%
Kothari ProductsKOTHARIPRO
₹407 Cr179.58-12.12-18.3%-5.1%-0.2%-2.3%-9.8%
Rotographics (India) LimitedRGIL
₹404 Cr94.62326.544987.7%3.0%12.6%17.2%
Polo Queen Industrial and Fintech LimitedPQIF
₹333 Cr141.7164.71-5.7%7.0%1.3%2.5%-79.1%
Constronics Infra Ltd.CONSTRONIC
₹61 Cr5.5%-24.7%

As of Mar 2026

Financials