MOS Utility Ltd.

•

₹ 11.85-3.27%

2026-08-21

mos-world.comBSE: -NSE: MOS

Market Cap₹ 301 Cr.

Current Price₹ 16

High / Low₹ 29 / 9

Stock P/E16.7

Book Value₹ 5

Price to Book7.54

Dividend Yield0.00 %

ROCE22.5 %

ROE16.7 %

Face Value₹ 2

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ABOUT

KEY POINTS

PROS

Company has a healthy return on capital (ROCE) of 24.9%
Company has a good return on equity (ROE) track record: 3 Years ROE 20.7%
Working capital cycle has improved - days down from 81 to 31
Company comfortably covers its interest (14.0x coverage)
Company maintains a comfortable, low leverage position

CONS

Promoter holding has decreased over last 2 years: -9.0pp
Total debt has risen sharply - up 269.7% year on year
Stock is trading at 7.5x its book value
Though reporting repeated profits, the company pays out little dividend (0.0%)
Rich enterprise valuation - EV/EBITDA of 26.4x

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Financial ServicesITFintech

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	GROWW	194.20	49.94	121833.25	0.00	7350.40	—	15014.20	1560.13	37.54	64.60
2.	PAYTM	1585.20	156.36	101632.42	0.00	220.00	79.59	2448.00	27.67	-4.43	8.29
3.	POLICYBZR	1780.00	110.07	82359.69	0.00	1629.10	1824.51	18882.80	1300.81	6.85	7.24
4.	PINELABS	157.65	142.91	18190.57	0.00	195.70	3985.59	7369.20	1096.47	-1.37	12.88
5.	STYL	379.55	23.28	6141.34	0.66	60.34	63.78	376.47	21.10	37.71	23.21
6.	CCAVENUE	14.89	17.71	5206.17	0.00	84.77	45.08	2680.40	109.37	8.63	3.80
7.	TURTLEMINT	139.00	0.00	4093.26	0.00	-377.80	—	2940.80	—	-38.38	-11.20
8.	MOBIKWIK	195.90	0.00	1542.65	0.00	7.62	118.17	281.48	3.73	-8.65	2.88
9.	MOS	11.70	16.65	301.21	0.00	43.61	961.07	1510.93	845.26	22.52	4.35
10.	SUVIDHAA	2.39	0.00	50.14	0.00	-1.91	55.58	2.40	135.29	-32.85	-70.42

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	133	175	160	156	166	153	151
	127	167	156	148	159	146	147
Operating Profit	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—
Other Income	0	2	1	2	1	1	2
Interest	1	1	0	2	1	1	1
Depreciation	1	2	1	1	1	1	1
	4	7	5	6	6	7	6
Tax %	28.74%	35.79%	18.64%	19.25%	25.89%	28.11%	24.99%
Net Profit	0	0	4	5	4	5	4
	0	0	0	0	0	0	0
Equity Capital	25	25	25	26	51	51	51
Reserves	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	25	25	25	26	51	51	51
Reserves	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Dec 2024

: 133
: 127
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 4
Tax %: 28.74%
Net Profit: 0
: 0
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 175
: 167
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 2
: 7
Tax %: 35.79%
Net Profit: 0
: 0
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 160
: 156
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 1
: 5
Tax %: 18.64%
Net Profit: 4
: 0
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 25
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 156
: 148
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 2
Depreciation: 1
: 6
Tax %: 19.25%
Net Profit: 5
: 0
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 26
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 166
: 159
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 1
: 6
Tax %: 25.89%
Net Profit: 4
: 0
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 153
: 146
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 1
: 7
Tax %: 28.11%
Net Profit: 5
: 0
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 151
: 147
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 1
: 6
Tax %: 24.99%
Net Profit: 4
: 0
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 51
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	TTM
	106	187	616	1,986
	99	175	596	1,922
Operating Profit	11	18	24	—
OPM %	10	10	4	—
Other Income	4	6	4	21
Interest	1	1	1	18
Depreciation	2	2	4	13
	7	15	19	77
Tax %	22	19	29	25
Net Profit	6	12	14	58
EPS	4	5	5	—
Dividend Payout %	0	0	0	—
Minority Interest	0	-1	-1	2
Share of Associates	0	0	0	0
Adjusted EPS	0	0	1	—
Minority Interest	0	-1	-1	2
Share of Associates	0	0	0	0
Adjusted EPS	0	0	1	—

Mar 2023

: 106
: 99
Operating Profit: 11
OPM %: 10
Other Income: 4
Interest: 1
Depreciation: 2
: 7
Tax %: 22
Net Profit: 6
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2024

: 187
: 175
Operating Profit: 18
OPM %: 10
Other Income: 6
Interest: 1
Depreciation: 2
: 15
Tax %: 19
Net Profit: 12
EPS: 5
Dividend Payout %: 0
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 0

Mar 2025

: 616
: 596
Operating Profit: 24
OPM %: 4
Other Income: 4
Interest: 1
Depreciation: 4
: 19
Tax %: 29
Net Profit: 14
EPS: 5
Dividend Payout %: 0
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: 1

TTM

: 1,986
: 1,922
Operating Profit: —
OPM %: —
Other Income: 21
Interest: 18
Depreciation: 13
: 77
Tax %: 25
Net Profit: 58
EPS: —
Dividend Payout %: —
Minority Interest: 2
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 2
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 20%
1 Year:: -40%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 21%
Last Year:: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-
Equity Capital	19	25	25
	7	50	61
	2	3	15
Trade Payables	5	11	16
	19	16	34
Total Liabilities	52	105	151
ASSETS	-	-	-
	9	19	31
	12	14	6
	0	9	14
	0	9	5
Cash & Bank	1	7	28
	30	47	67
Total Assets	52	105	151
Total Debt	8	5	17
Net Working Capital	15	41	52
Contingent Liabilities	0	1	4
Book Value per Share	13.77	30.10	34.66
Face Value	10.00	10.00	10.00
Total Debt	8	5	17
Net Working Capital	15	41	52
Contingent Liabilities	0	1	4
Book Value per Share	13.77	30.10	34.66
Face Value	10.00	10.00	10.00

Mar 2023

Equity Capital: 19
: 7
: 2
Trade Payables: 5
: 19
Total Liabilities: 52
: 9
: 12
: 0
: 0
Cash & Bank: 1
: 30
Total Assets: 52
Total Debt: 8
Net Working Capital: 15
Contingent Liabilities: 0
Book Value per Share: 13.77
Face Value: 10.00
Total Debt: 8
Net Working Capital: 15
Contingent Liabilities: 0
Book Value per Share: 13.77
Face Value: 10.00

Mar 2024

Equity Capital: 25
: 50
: 3
Trade Payables: 11
: 16
Total Liabilities: 105
: 19
: 14
: 9
: 9
Cash & Bank: 7
: 47
Total Assets: 105
Total Debt: 5
Net Working Capital: 41
Contingent Liabilities: 1
Book Value per Share: 30.10
Face Value: 10.00
Total Debt: 5
Net Working Capital: 41
Contingent Liabilities: 1
Book Value per Share: 30.10
Face Value: 10.00

Mar 2025

Equity Capital: 25
: 61
: 15
Trade Payables: 16
: 34
Total Liabilities: 151
: 31
: 6
: 14
: 5
Cash & Bank: 28
: 67
Total Assets: 151
Total Debt: 17
Net Working Capital: 52
Contingent Liabilities: 4
Book Value per Share: 34.66
Face Value: 10.00
Total Debt: 17
Net Working Capital: 52
Contingent Liabilities: 4
Book Value per Share: 34.66
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
	4	-14	37
Cash from Investing	-9	-14	-29
Cash from Financing	5	34	13
	1	6	21
Free Cash Flow	4	-26	23
OCF / Net Profit	0.68	-1.13	2.73
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	0.68	-1.13	2.73
Cumulative 5-Year FCF	0	0	0

Mar 2023

: 4
Cash from Investing: -9
Cash from Financing: 5
: 1
Free Cash Flow: 4
OCF / Net Profit: 0.68
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.68
Cumulative 5-Year FCF: 0

Mar 2024

: -14
Cash from Investing: -14
Cash from Financing: 34
: 6
Free Cash Flow: -26
OCF / Net Profit: -1.13
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.13
Cumulative 5-Year FCF: 0

Mar 2025

: 37
Cash from Investing: -29
Cash from Financing: 13
: 21
Free Cash Flow: 23
OCF / Net Profit: 2.73
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.73
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-
EPS (₹)	2.96	4.51	5.02
Book Value (₹)	13.77	30.10	34.66
Dividend per Share (₹)	0.00	0.00	0.00
Cash EPS (₹)	0.41	0.58	0.69
PROFITABILITY	-	-	-
Operating Margin %	10.01%	6.18%	3.31%
Net Margin %	5.35%	6.50%	2.19%
ROE %	21.53%	23.93%	16.73%
ROCE %	24.83%	27.31%	22.52%
	10.83%	15.37%	10.55%
EFFICIENCY	-	-	-
Debtor Days	14	13	4
Inventory Days	2	10	7
Payable Days	3460	-6802	-1047
	-3444	6824	1058
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	0.30x	0.06x	0.20x
Interest Coverage (x)	7.29x	28.16x	13.95x
	2.35x	2.65x	1.98x
GROWTH	-	-	-
Revenue Growth %	0.00%	75.96%	230.06%
Operating Profit Growth %	0.00%	68.01%	36.29%
Net Profit Growth %	0.00%	113.62%	11.33%
	0.00%	52.07%	11.25%
VALUATION	-	-	-
P/E (x)	0.00x	2.83x	5.21x
P/B (x)	0.00x	4.23x	7.54x
Dividend Yield %	0.00%	0.00%	0.00%
	0.00x	17.66x	26.37x

Mar 2023

EPS (₹): 2.96
Book Value (₹): 13.77
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.41
Operating Margin %: 10.01%
Net Margin %: 5.35%
ROE %: 21.53%
ROCE %: 24.83%
: 10.83%
Debtor Days: 14
Inventory Days: 2
Payable Days: 3460
: -3444
Debt to Equity (x): 0.30x
Interest Coverage (x): 7.29x
: 2.35x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 4.51
Book Value (₹): 30.10
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.58
Operating Margin %: 6.18%
Net Margin %: 6.50%
ROE %: 23.93%
ROCE %: 27.31%
: 15.37%
Debtor Days: 13
Inventory Days: 10
Payable Days: -6802
: 6824
Debt to Equity (x): 0.06x
Interest Coverage (x): 28.16x
: 2.65x
Revenue Growth %: 75.96%
Operating Profit Growth %: 68.01%
Net Profit Growth %: 113.62%
: 52.07%
P/E (x): 2.83x
P/B (x): 4.23x
Dividend Yield %: 0.00%
: 17.66x

Mar 2025

EPS (₹): 5.02
Book Value (₹): 34.66
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.69
Operating Margin %: 3.31%
Net Margin %: 2.19%
ROE %: 16.73%
ROCE %: 22.52%
: 10.55%
Debtor Days: 4
Inventory Days: 7
Payable Days: -1047
: 1058
Debt to Equity (x): 0.20x
Interest Coverage (x): 13.95x
: 1.98x
Revenue Growth %: 230.06%
Operating Profit Growth %: 36.29%
Net Profit Growth %: 11.33%
: 11.25%
P/E (x): 5.21x
P/B (x): 7.54x
Dividend Yield %: 0.00%
: 26.37x

Shareholding Pattern

Numbers in percentages

TRADES

	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	64.67	64.67	64.67	53.07	49.52	49.52	47.97	51.11	55.69
	8.10	4.73	1.05	19.05	16.01	14.15	12.31	12.07	8.10
	1.34	1.34	0.00	0.03	0.01	0.02	0.42	0.43	0.44
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.89	29.25	34.28	27.85	34.45	36.31	39.29	36.39	35.77

Mar 2023

: 64.67
: 8.10
: 1.34
Government: 0.00
: 25.89

Sep 2023

: 64.67
: 4.73
: 1.34
Government: 0.00
: 29.25

Mar 2024

: 64.67
: 1.05
: 0.00
Government: 0.00
: 34.28

Sep 2024

: 53.07
: 19.05
: 0.03
Government: 0.00
: 27.85

Mar 2025

: 49.52
: 16.01
: 0.01
Government: 0.00
: 34.45

Sep 2025

: 49.52
: 14.15
: 0.02
Government: 0.00
: 36.31

Dec 2025

: 47.97
: 12.31
: 0.42
Government: 0.00
: 39.29

Mar 2026

: 51.11
: 12.07
: 0.43
Government: 0.00
: 36.39

Jun 2026

: 55.69
: 8.10
: 0.44
Government: 0.00
: 35.77

Documents

Announcements

Nothing filed yet.

Annual Reports

Credit Ratings

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Concalls

Jun 2024
TranscriptPPTREC
May 2023
TranscriptPPTREC