Mehai Technology - Mehai Technology

📊 BSE: 540730 🏢 Trading & Distributors 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

Total income grew 521.94% YoY from INR 16.09 Cr to INR 100.07 Cr. Segment contributions: Sale of Services and allied activities (INR 52.42 Cr, 52.38%), Sale of Products (INR 44.92 Cr, 44.89%), and Job Processing Fees (INR 2.61 Cr, 2.61%).

Geographic Revenue Split

The company focuses on the Bihar market for premium appliance brands. Registered office is in Jaipur, Rajasthan, and corporate office is in Kolkata, West Bengal. Specific percentage split by region is not disclosed.

Profitability Margins

Net Profit Ratio improved from 4.11% in FY24 to 7.04% in FY25, an increase of 293 basis points. Return on Net Worth increased due to achieving higher profits during the current year.

Credit Rating & Borrowing

Debt-Equity Ratio increased from 0.09 in FY24 to 0.24 in FY25, reflecting higher leverage to support the 521.94% revenue growth.

⚙️ Operational Drivers

Raw Materials

Electronic components and sub-components used for assembly and trading of electronic goods.

Import Sources

Global supply chain sourcing that touches three or more continents before reaching the end-consumer.

Raw Material Costs

Not disclosed as a specific percentage of revenue, but identified as a key risk factor due to cost volatility in the global electronics market.

Manufacturing Efficiency

Inventory turnover ratio improved by 173.7% from 5.48 to 15.00, indicating higher manufacturing efficiency and better alignment of inventory with demand spikes.

📈 Strategic Growth

Expected Growth Rate

Not disclosed

Growth Strategy

Focusing on technologically advanced and more profitable product segments, aggressive productivity and efficiency improvements, and cost reduction. Leveraging premium appliance brands in the Bihar market to bolster profitability.

Products & Services

Electronic goods, premium appliance brands, and job processing services.

Brand Portfolio

Premium appliance brands (specific names not disclosed).

New Products/Services

Successful launch and scale of premium appliance brands in markets across Bihar.

Market Expansion

Targeting growth in the Bihar market for premium appliances and leveraging the 'Make in India' initiative for domestic manufacturing expansion.

🌍 External Factors

Industry Trends

Indigenization of component manufacture through regulatory support (Make in India, National Policy of Electronics); shift toward Net Zero Imports and Zero Defect Zero Effect manufacturing.

Competitive Landscape

Tough competition from global players in China, Japan, Taiwan, South Korea, and low-cost manufacturing destinations like Vietnam.

Competitive Moat

Moat is built on leveraging superior technologies and regional brand strength in the Bihar market; sustainability depends on upgrading the value chain to adapt to disruptive innovation.

Macro Economic Sensitivity

Highly sensitive to Indian GDP growth and economic volatility which causes fluctuations in production and cyclical demand.

Consumer Behavior

Consumer preference spikes can cause demand fluctuations for individual products, requiring efficient lean capabilities to keep inventory aligned.

Geopolitical Risks

Global political and economical environment exerts influence on performance; competition from established manufacturing ecosystems in China, Japan, Taiwan, and South Korea.

⚖️ Regulatory & Governance

Industry Regulations

Make in India, National Policy of Electronics, Net Zero Imports in Electronics, and Phased Manufacturing Plans for electronic categories.

Environmental Compliance

ESG compliance focused on 'Zero Defect Zero Effect' and accountability for manufacturing processes and recycling under emerging cleaner technology standards.