Synopsis:
Mukul Agarwal-backed recently listed company is in focus after announcing their H1 results.

A recently listed company that is a manufacturer of pre-mixed high-quality ramming mass is in the spotlight today after posting H1 FY26 results. Read the article below for detailed insights into its performance.

With a market capitalization of Rs. 1,005.29 crore, the shares of Monolithisch India Limited were trading at Rs. 462.50, down by 4.05 percent from its previous closing price of Rs. 482 per equity share. As of June, 2025 the ace investor Mukul Mahavir Agrawal holds 2.30 percent stake in the company.

H1 FY26 Results

Monolithisch India Limited reported Rs. 57.28 crore in revenue for the H1 FY26, an 39.7 percent increase over the Rs. 41 crore for the same period in FY25. It increased by 1.67 percent as compared to Rs. 56.35 crore in H2 FY25.

The company’s EBITDA for H1 FY26 stood at Rs. 11.99 crore, up by 37.5 percent from Rs. 8.72 crore in H1 FY25, and declined by 2.6 percent from Rs. 12.31 crore in H2 FY25.

The consolidated net profit for the H1 FY26 was Rs. 8.82 crore, which was 57.22 percent higher than the Rs. 5.61 crore reported in H1 FY25 and increased by 0.68 percent from Rs. 8.76 in H2 FY25. Profit growth was also reflected in earnings per share (EPS), which increased to approximately Rs. 4.33 in H1 FY26 from Rs. 3.50 in H1 FY25. 

Capex and Capacity Expansion

The company is progressing on its post-IPO capital expenditure plans to meet rising demand and future growth requirements. Monolithisch India is undertaking a threefold increase in production capacity within the next 12 months.

In Q2 of H1, the company operated at 156,000 MTPA with 96 percent capacity utilization. Capex 1 has largely been completed, while Capex 2 is expected to finish in Q1 FY27, bringing total capacity to 574,000 MTPA.

Growth Outlook

Monolithisch India aims to achieve a fourfold growth in overall business performance over the next three years. This expansion will be driven by innovation, digital transformation, and market penetration, supported by both organic growth and strategic acquisitions. The company is also exploring opportunities to acquire businesses in similar sectors across India to increase market share and secure long-term growth.

Also Read: Microcap stock jumps 5% after company’s net profit increases by 700% QoQ

Acquisition

Monolithisch India Limited has proposed acquiring its group company, Mineral India Global Private Limited, subject to shareholder approval at the upcoming EOGM. Mineral India, which manufactures ramming mass, currently operates at a capacity of 57,600 MTPA, expected to increase to 72,600 MTPA through debottlenecking.

The transaction valuation is based on fair market value, using Net Asset Value (NAV) as of 30th September 2025. This move aims to consolidate group operations and achieve positive synergies.

According to Prabhat Tekriwal, Chairman WTD & CFO of Monolithisch India, the company is entering a transformative phase. Strong financial performance reflects the resilience of its business model and team.

With aggressive growth and capacity expansion plans, Monolithisch India aims for fourfold business growth over the next three years, driven by strategic investments, digital acceleration, and deeper customer engagement.

The company plans a threefold increase in production capacity within a year to meet rising demand and enter new markets, focusing on inclusive growth, purposeful innovation, and visionary leadership.

Monolithisch India Limited, founded in 2018 under the Mineral Group, is a leading producer of high-quality premixed ramming mass in India, used in induction furnaces for secondary steel manufacturing.

The company supplies over 80 percent of integrated steel plants, playing a key role in efficient steel production and supporting some of India’s fastest-growing and most profitable steel enterprises.

Written By Akshay Sanghavi

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