Mafatlal Industries Ltd

Mafatlal Industries Ltd

₹ 125 0.12%
24 Apr 2:56 p.m.
About

The Company is engaged in textile manufacturing and trading, having its manufacturing units at Nadiad and Navsari.[1]

Key Points

History
The co. is a 118+ years old textile manufacturing player in India and part of Arvind Mafatlal Group founded by Mr. Mafatlal Gagalbhai. The company is a part of promoter group of NOCIL Ltd with ~15.16% stake.
[1]

  • Market Cap 897 Cr.
  • Current Price 125
  • High / Low 173 / 49.5
  • Stock P/E 11.6
  • Book Value 101
  • Dividend Yield 0.00 %
  • ROCE 5.31 %
  • ROE 3.19 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 19.5% CAGR over last 5 years
  • Debtor days have improved from 100 to 76.1 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 3.26% over past five years.
  • Company has a low return on equity of -3.63% over last 3 years.
  • Earnings include an other income of Rs.76.0 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Composite

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
184 207 115 292 195 392 382 357 292 338 586 309 420
193 216 121 292 193 376 372 352 287 331 573 301 415
Operating Profit -8 -9 -6 0 2 16 10 6 6 7 12 7 6
OPM % -4% -4% -5% 0% 1% 4% 3% 2% 2% 2% 2% 2% 1%
-10 12 -1 38 6 10 17 11 3 13 23 21 20
Interest 6 5 5 6 3 4 4 5 4 5 3 3 5
Depreciation 4 4 4 4 4 4 4 4 4 4 4 4 4
Profit before tax -28 -6 -16 28 1 18 19 9 1 12 27 21 17
Tax % 0% -43% -5% 5% 0% 4% 15% 0% 0% 0% 0% 0% 0%
-28 -9 -16 27 1 18 16 9 1 12 27 21 17
EPS in Rs -4.07 -1.27 -2.36 3.83 0.18 2.51 2.30 1.23 0.13 1.66 3.89 2.96 2.39
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
144 797 918 1,014 1,323 1,239 1,168 1,024 1,005 602 999 1,371 1,653
193 750 889 994 1,283 1,224 1,175 1,085 1,012 649 987 1,342 1,620
Operating Profit -49 47 28 19 40 15 -8 -61 -7 -47 12 29 32
OPM % -34% 6% 3% 2% 3% 1% -1% -6% -1% -8% 1% 2% 2%
-12 50 25 40 21 43 33 -53 42 -5 54 45 76
Interest 2 32 15 17 21 27 31 30 31 22 19 18 16
Depreciation 2 14 18 17 21 32 36 36 17 17 16 15 15
Profit before tax -66 51 20 26 19 -1 -42 -180 -13 -91 32 40 77
Tax % 21% 26% -18% 5% 9% 908% 0% 0% -3% -3% 9% 7%
-52 37 24 24 17 4 -42 -180 -14 -94 29 37 77
EPS in Rs -10.56 7.57 3.44 3.50 2.46 0.59 -6.00 -25.87 -1.97 -13.47 4.16 5.30 10.90
Dividend Payout % 0% 13% 17% 17% 24% 68% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 3%
3 Years: 11%
TTM: 16%
Compounded Profit Growth
10 Years: -3%
5 Years: 20%
3 Years: 43%
TTM: 76%
Stock Price CAGR
10 Years: 17%
5 Years: 42%
3 Years: 96%
1 Year: 138%
Return on Equity
10 Years: -4%
5 Years: -7%
3 Years: -4%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 14 14 14 14 14 14 14 14 14 14 14
Reserves 295 314 333 352 364 576 784 493 271 453 672 601 704
Preference Capital 30 30 0 0 0 0 0 0 0 0 0 0
6 105 122 148 224 250 234 207 150 148 112 94 77
80 203 186 251 331 358 359 292 381 329 423 466 592
Total Liabilities 390 632 655 764 933 1,198 1,391 1,006 816 944 1,221 1,175 1,386
16 93 158 165 213 318 298 139 138 122 97 95 89
CWIP 4 63 15 36 9 8 7 1 0 0 0 0 0
Investments 50 49 49 48 48 284 502 374 169 445 634 523 578
320 427 434 515 662 588 585 492 509 377 491 557 720
Total Assets 390 632 655 764 933 1,198 1,391 1,006 816 944 1,221 1,175 1,386

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-372 21 12 7 -35 88 12 8 24 7 10 -6
521 25 -51 -7 -21 -73 49 40 84 30 61 36
-91 -48 -38 4 52 -11 -52 -57 -91 -29 -53 -34
Net Cash Flow 58 -2 -78 4 -5 4 9 -9 17 8 18 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 132 56 55 72 86 85 89 70 92 131 93 76
Inventory Days 172 82 79 69 65 76 76 52 49 17 33 36
Days Payable 157 78 81 108 115 111 125 106 146 173 160 126
Cash Conversion Cycle 146 60 53 33 35 50 40 15 -4 -24 -34 -14
Working Capital Days 162 35 38 32 44 42 43 42 17 -16 -12 3
ROCE % 18% 6% 4% 6% 1% -2% -8% 2% -9% 2% 5%

Shareholding Pattern

Numbers in percentages

31 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.85% 71.49% 71.29% 71.10% 71.03% 70.97% 70.97% 70.85% 70.85% 70.74% 70.16% 69.96%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.90% 0.85% 0.85%
2.58% 2.56% 2.52% 2.45% 2.45% 2.46% 2.45% 2.44% 2.44% 2.16% 1.70% 0.94%
25.57% 25.95% 26.19% 26.45% 26.52% 26.59% 26.59% 26.71% 26.71% 26.20% 27.30% 28.26%
No. of Shareholders 70,12669,67265,53065,58365,38365,86264,87563,93963,39965,11458,79260,676

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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