Michpal Technologies Ltd Stock Price Today (NSE: MCPL)

Michpal Technologies Ltd

110.10+0.10 (+0.09%)
Market Open

Fundamental Score

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Michpal Technologies Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Michpal Technologies Ltd share price today is 110.10, up +0.09% on NSE/BSE as of 17 June 2026. Michpal Technologies Ltd (MCPL) is a Small-cap company in the Ceramics sector with a market capitalisation of 148.04 (Cr). The 52-week high for MCPL share price is 213.00 and the 52-week low is 60.00. At a P/E ratio of 12.11x, MCPL is currently trading below its industry average P/E of 44.75x. The company has a Return on Equity (ROE) of 16.23% and a debt-to-equity ratio of 0.45.

Michpal Technologies Ltd Share Price Chart — NSE/BSE Historical Performance

No data
High
110.10
Low
64.56
Volume
7.5K
Change
-6.25%

Michpal Technologies Ltd share price chart: -6.25% return over the past month. 52-week high ₹213.00, 52-week low ₹60.00.

Michpal Technologies Ltd — Last 10 Trading Days

DateOpenHighLowCloseVolume
66.8273.8466.8273.8417.00K (Cr)
67.7071.0067.7070.336.00K (Cr)
71.2571.2571.2571.253.00K (Cr)
67.9375.0067.9375.0022.00K (Cr)
67.6071.5066.5071.5026.00K (Cr)
66.1071.3464.5670.0017.00K (Cr)
67.9567.9567.9567.951.00K (Cr)
70.0070.0068.0068.002.00K (Cr)
68.5968.6068.5968.602.00K (Cr)
74.0074.0072.2072.202.00K (Cr)

Michpal Technologies Ltd — Last 12 Months Price History

MonthOpenHighLowCloseChange
67.7073.8466.8273.84+9.07%
76.0076.0064.5671.25-6.25%
61.1086.5061.0180.00+30.93%
78.0081.0060.0061.00-21.79%
86.9090.0075.3078.00-10.24%
95.00103.0080.0086.95-8.47%
108.00110.0086.0595.20-11.85%
106.95110.0093.10108.00+0.98%
110.40118.5090.05106.95-3.13%
112.15126.20102.50110.40-1.56%
134.45146.40108.35112.25-16.51%
185.30185.30131.75136.75-26.20%

AI Research Briefing

Powered by Gemini · 2026-04-15

Micro-cap ceramic play, promoter buying only saving grace, but negative FCF and gas price risk make it uninvestable.

Research Confidence
5.0/10Moderate
MICRO-CAP DARK HORSEBreakdown, 1M: 0.98%, 3M: -5.18%, 6M: -48.45%.Cheap, P/E of 12.11x vs industry P/E of 44.75x.

WHAT'S HAPPENING NOW (last 2-4 weeks)

MCPL's share price 27% increase. Michpal Technologies Ltd announced an annual dividend payable on April 14, 2026.

CORE STORY (THE REAL GAME)

Michpal is being priced as a deep value play in the ceramics sector, with potential for growth driven by efficient capital allocation and strong ROCE. The market is overlooking the micro-cap risks and negative FCF.

Why Now
  • Undervaluation relative to peers
  • Recent profit growth
  • Promoter buying
Potential Catalysts
  • Sector recovery
  • Gas price stabilization
  • Order wins
Key Risks
  • Micro-cap illiquidity
  • Negative free cash flow
  • Reliance on volatile gas prices
Institutional Activity

Promoter increased stake by 4.92%, a positive signal. No DII or significant FII activity.

Macro Context

Ceramics India 2026 trade fair indicates continued industry activity. Gas crisis fuels consolidation, favoring larger players.

Order Book / Expansion

No major news found after live search.

Cash Flow Quality

No, Free Cash Flow 5Y: ₹-59.65 Cr.

3–6 Month Outlook

Next 3-6 months hinge on gas prices and sector demand. Promoter buying provides a floor, but negative FCF limits upside.

Primary Thesis Risk

Negative free cash flow and volatile gas prices will crush this stock.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Average

Return on Equity (ROE)

16.23%

Profit generated per ₹1 of shareholder equity

Good

Return on Capital (ROCE)

17.73%

Returns generated on total capital deployed

Excellent

Oper. Profit Margin (5Y Avg)

13.06%

Average operating profit margin over 5 years

Dividend Yield

0.00%

Annual dividend as % of current share price

Michpal Technologies Ltd Valuation Check

Excellent

Price to Earnings (P/E)

12.11x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

44.75x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

53.06%

% shares held by company founders/management

Poor

FII Holding

2.82%

% shares held by foreign institutional investors

Poor

DII Holding

0.00%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

34.88%

Net profit growth vs same quarter last year

Excellent

Revenue Growth (Quarterly YoY)

23.28%

Revenue growth vs same quarter last year

Revenue Growth (5-Year CAGR)

N/A

Compounded annual revenue growth over 5 years

EPS Growth (5-Year CAGR)

N/A

Earnings per share growth over 5 years

Net Profit Growth (5-Year CAGR)

N/A

Compounded annual net profit growth over 5 years

Balance Sheet Health

Good

Debt to Equity Ratio

0.45x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

3.39x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

-59.65 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Michpal Technologies Ltd Fundamental Analysis & Valuation Benchmarking

Educational evaluation of MCPL across key market metrics for learning purposes.

Positive Indicators

7 factors identified

Strong Return on Equity (16.23%)

Observation: Efficient use of shareholders' capital generating superior returns.

Analysis: ROE >15% indicates strong profitability and effective management. This metric suggests the company can generate substantial returns on invested capital.

Excellent ROCE Performance (17.73%)

Observation: Superior returns on capital employed across business operations.

Analysis: ROCE >15% demonstrates efficient capital deployment and strong operational performance.

Attractive Valuation (P/E: 12.11 vs Industry: 44.75)

Observation: Trading at discount to industry peers.

Analysis: P/E below industry average may present value opportunity.

Robust Profit Growth (34.88%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Strong Revenue Growth (23.28%)

Observation: Healthy sales growth indicates market demand and execution capability.

Analysis: Revenue growth >15% suggests strong market position and growth potential.

Balanced Promoter Holding (53.06%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

3 factors identified

Negative Free Cash Flow (₹-59.65 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Limited Institutional Interest (FII+DII: 2.82%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

Michpal Technologies Ltd vs Ceramics Peers

Peer Comparison - Ceramics

Compare Michpal Technologies Ltd with 9 other companies in the same sector

10 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
50/100
110
₹148.04
12.1
Average
16.23%
Good
17.73%
Good
0.5
Excellent
0.00%
50.2/100
1081
₹17101.85
42.6
Average
11.22%
Average
17.13%
Good
0.1
Excellent
3.31%
Average
10.54%
Good
0.84%
Nitco Ltd...
NITCO532722
0/100
95
₹1946.58
-42.87%
Poor
1.0
Average
-7.35%
Poor
0.00%
41.9/100
510
₹1732.18
30.4
Average
8.17%
Poor
11.51%
Average
0.4
Excellent
13.87%
Good
10.55%
Good
0.71%
19.4/100
62
₹1493.63
46.9
Average
2.10%
Poor
2.17%
Poor
0.2
Excellent
-8.05%
Poor
4.94%
Average
0.00%
31.5/100
352
₹432.00
66.0
Average
0.90%
Poor
2.38%
Poor
0.1
Excellent
-16.88%
Poor
6.35%
Good
0.17%
30.8/100
7
₹362.85
53.7
Average
0.09%
Poor
3.85%
Poor
0.3
Excellent
0.00%
53/100
35
₹217.48
20.9
Average
2.70%
Poor
5.24%
Poor
0.3
Excellent
42.14%
Excellent
14.40%
Good
1.39%
32/100
41
₹122.96
85.4
Average
-43.47%
Poor
18.95%
Excellent
0.00%
36.2/100
7
₹69.68
-12.98%
Poor
13.13%
Good
-7.22%
Poor
0.00%

Michpal Technologies Ltd PE Ratio History

Historical price-to-earnings ratio for MCPL — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 202412.15₹195.2016.1x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Michpal Technologies Ltd Quarterly Performance

Latest quarterly metrics for MCPL — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

23.28%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

34.88%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

N/A

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

N/A

Compounded annual net profit growth over 5 years

Michpal Technologies Ltd Technical Indicators

SMA 50, SMA 200, RSI and volume signals for MCPL — calculated from daily price history

35RSI 14
Neutral — RSI 35

Momentum is balanced — neither overbought nor oversold.

SMA 50
76
▲ Price above SMA 50 — Short-term bullish
SMA 200
113
▼ Price below SMA 200 — Long-term downtrend
30-Day Avg Volume
15K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Michpal Technologies Ltd Financial Statements

Annual income statement, balance sheet and cash flow for Michpal Technologies Ltd (MCPL) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Michpal Technologies Ltd

About MCPL (Michpal Technologies Ltd)

Michpal Technologies Ltd is a vanguard in the world of advanced ceramics, specializing in the design, development, and manufacture of high-performance ceramic components for divers...e industrial applications. MCPL's expertise lies in engineering ceramics with exceptional properties, including high temperature resistance, wear resistance, and chemical inertness. Our focus encompasses a broad spectrum of ceramic materials, from alumina and zirconia to silicon carbide and boron nitride, allowing us to tailor solutions to meet the specific demands of each client. Our commitment to innovation drives us to continually explore new ceramic formulations and processing techniques, pushing the boundaries of what is possible in material science. MCPL leverages state-of-the-art manufacturing processes to create intricate and precise ceramic parts that consistently exceed expectations. MCPL caters to a range of industries including aerospace, automotive, electronics, and medical. We provide critical components for demanding applications such as high-speed bearings, cutting tools, electronic substrates, and bio-compatible implants. We work closely with our customers, offering comprehensive design support, prototyping services, and rigorous quality control throughout the entire manufacturing process. Our team of experienced engineers and material scientists ensures that every component we produce adheres to the highest industry standards, guaranteeing optimal performance and reliability. MCPL prides itself on its ability to translate complex technical requirements into tangible solutions that drive innovation and efficiency for our clients. Our unwavering dedication to excellence and customer satisfaction has solidified MCPL's reputation as a trusted partner in the advanced ceramics industry. We are committed to sustainable practices, minimizing our environmental footprint through responsible sourcing of raw materials and efficient manufacturing processes. MCPL invests heavily in research and development to stay at the forefront of ceramic technology and to anticipate the evolving needs of our customers. We strive to be more than just a supplier; we aim to be a collaborative partner, contributing to the success of our clients by providing them with the highest quality ceramic solutions available.

Company Details

Symbol:MCPL
Industry:Ceramics
Sector:Ceramics

Key Leadership

Mr. Dhruv Manoj Rakhasiya
Chairman & MD
Mr. Pankaj Shantilal Rakhasiya
Chief Financial Officer
Mr. Manoj Dharamshi Rakhasiya
Executive Director

MCPL Share Price: Frequently Asked Questions

What is the current share price of Michpal Technologies Ltd?

Michpal Technologies Ltd (MCPL) trades at ₹110.10 on NSE and BSE. Market cap ₹148.04 (Cr). Educational data only.

What is the P/E ratio of Michpal Technologies Ltd?

Michpal Technologies Ltd has a P/E of 12.11x vs industry average 44.75x.

What is the Bull Run score for Michpal Technologies Ltd?

Michpal Technologies Ltd has a Bull Run score of 50/100 based on 25+ financial parameters.

Does Michpal Technologies Ltd pay dividends?

Michpal Technologies Ltd has a dividend yield of 0.00%. Past dividends don't guarantee future payments.

What is the ROE of Michpal Technologies Ltd?

Michpal Technologies Ltd has ROE of 16.23%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Michpal Technologies Ltd?

Michpal Technologies Ltd has debt-to-equity of 0.45.

Is Michpal Technologies Ltd a good investment?

Bull Run gives Michpal Technologies Ltd a score of 50/100. This is not investment advice — consult a SEBI-registered advisor.