Small cap stock in which Mukul Agarwal has reduced his stake in December Qtr

Synopsis: Mukul Mahavir Agrawal, a prominent Indian equity investor with stakes in over 70 listed firms worth over Rs. 6,784.7 crore, recently trimmed his holding in Monolithisch India Limited.

This Small-cap stock, engaged in manufacturing high-quality premixed ramming mass for heat insulation and lining in induction furnaces serving steel and foundry industries, is in focus after Mukul Agarwal reduced his stake in December 2025.

With a market capitalization of Rs. 1,093.32 crore, the shares of Monolithisch India Limited closed at Rs. 503 per equity share, rising nearly 7.82 percent from its previous day’s close price of Rs. 466.50. 

Mukul Mahavir Agrawal is a well-known equity investor in the Indian stock market. As per the latest corporate shareholding disclosures, he publicly holds stakes in around 70 listed companies, with a total portfolio value of over Rs. 6,784.7 crore, highlighting his strong presence across multiple sectors.

In a recent update, Mukul Mahavir Agrawal reduced his holding in Monolithisch India Limited from 3.00 percent in September 2025 to 2.76 percent in December 2025, marking a 0.24 percentage-point decline in his stake.

In December 2025, Monolithisch India Limited had a majority stake held by the promoters at 74.24 percent, foreign institutional investors at 1.33 percent, domestic institutional investors at 2.37 percent, and the public at 22.06 percent.

Management Guidance

Monolithisch India Limited has set strong growth targets for FY25-FY28, aiming for nearly 60 percent revenue CAGR, 70 percent EBITDA CAGR, and around 74 percent PAT CAGR. These ambitions reflect confidence in business expansion, operating leverage, and improving profitability over the medium term.

For FY26, Management has provided clear near-term guidance for revenue of Rs. 140-160 crore and PAT of Rs. 22-24 crore. These targets indicate steady execution, improving profitability, and confidence in demand momentum and cost discipline over the coming year.

IPO Details

Monolithisch India Limited came for an Initial Public Offering (IPO) scheduled from June 12 to 16, 2025. The IPO aimed to raise approximately Rs. 82.02 crores by offering 57.36 lakh equity shares at an issue price band of Rs. 135-143 per share. This fresh issue funded capital expenditures, expansion, and working capital needs for its ramming mass manufacturing operations.

About and Financials

Monolithisch India Limited was incorporated in August 2018 and is an ISO-certified manufacturer of high-quality premixed ramming mass. The company specializes in refractory solutions used as heat insulation and lining in induction furnaces for iron, steel, and foundry industries.

Coming into financial highlights, Monolithisch India Limited’s revenue has increased from Rs. 41 crore in H1 FY25 to Rs. 57 crore in H1 FY26, which has grown by 39.02 percent. The net profit has also grown by 50 percent from Rs. 6 crore in H1 FY25 to Rs. 9 crore in H1 FY26.

Monolithic India Limited reported a revenue of Rs. 97 crore in FY25 and a net profit of Rs. 14 crore. In terms of return ratios, the company’s ROCE and ROE stand at 20.19 percent and 15.1 percent, respectively. Monolithisch India Limited has an earnings per share (EPS) of Rs. 9.54, and it’s a debt-free company.

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