Mafatlal Industries Ltd

Mafatlal Industries Ltd

₹ 148 1.02%
22 Feb 12:24 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 1,059 Cr.
  • Current Price 148
  • High / Low 173 / 37.0
  • Stock P/E 13.7
  • Book Value 101
  • Dividend Yield 0.00 %
  • ROCE 5.25 %
  • ROE 3.13 %
  • 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 100.0 to 76.1 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -0.58%
  • The company has delivered a poor sales growth of 3.27% over past five years.
  • Company has a low return on equity of -3.72% 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

Consolidated Figures in Rs. Crores / View Standalone

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
185 207 116 292 197 393 383 355 292 338 586 309 420
193 216 122 294 194 378 374 349 287 331 573 301 415
Operating Profit -8 -9 -6 -2 4 16 9 6 6 7 12 7 6
OPM % -4% -4% -5% -1% 2% 4% 2% 2% 2% 2% 2% 2% 1%
-10 12 -1 40 5 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% -42% -5% 5% 0% 3% 15% 0% 0% 0% 0% 0% 0%
-28 -9 -16 27 1 17 16 9 1 12 27 21 17
EPS in Rs -4.08 -1.28 -2.35 3.83 0.17 2.44 2.25 1.23 0.13 1.66 3.89 2.96 2.39
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
157 797 920 1,013 1,323 1,238 1,168 1,024 1,006 603 1,003 1,372 1,653
256 750 892 995 1,283 1,223 1,175 1,085 1,012 650 991 1,343 1,621
Operating Profit -98 47 28 19 40 15 -8 -61 -7 -47 12 28 32
OPM % -63% 6% 3% 2% 3% 1% -1% -6% -1% -8% 1% 2% 2%
-4 50 25 40 21 43 33 -53 42 -5 54 45 76
Interest 4 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 -108 51 20 25 19 -1 -42 -180 -13 -91 32 40 77
Tax % 12% 26% -18% 5% 9% 908% 0% 0% -3% -3% 9% 7%
-84 37 23 24 17 4 -42 -180 -14 -94 29 37 77
EPS in Rs -17.10 7.57 3.24 3.43 2.46 0.59 -6.00 -25.87 -1.97 -13.50 4.09 5.26 10.90
Dividend Payout % 0% 13% 19% 18% 24% 68% -7% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 3%
3 Years: 11%
TTM: 16%
Compounded Profit Growth
10 Years: -4%
5 Years: 19%
3 Years: 43%
TTM: 80%
Stock Price CAGR
10 Years: 20%
5 Years: 47%
3 Years: 98%
1 Year: 202%
Return on Equity
10 Years: -4%
5 Years: -7%
3 Years: -4%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 283 315 332 350 362 576 785 493 271 453 672 600 704
Preference Capital 30 30 0 0 0 0 0 0 0 0 0 0
48 105 122 148 224 250 234 207 150 148 113 94 77
89 204 186 251 331 358 360 292 381 330 424 466 592
Total Liabilities 430 633 655 762 932 1,198 1,392 1,006 816 944 1,223 1,175 1,386
47 93 158 165 213 318 298 139 138 122 98 95 89
CWIP 4 63 15 36 9 8 7 1 0 0 0 0 0
Investments 89 48 47 46 46 284 502 374 168 444 633 523 577
291 428 435 515 663 588 585 493 510 378 493 557 720
Total Assets 430 633 655 762 932 1,198 1,392 1,006 816 944 1,223 1,175 1,386

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-308 16 12 7 -35 88 12 8 24 7 10 -7
536 6 -51 -7 -21 -73 49 40 84 31 61 36
-179 -25 -38 4 52 -11 -52 -57 -91 -29 -52 -34
Net Cash Flow 48 -3 -78 4 -5 4 9 -9 17 8 18 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 47 56 55 72 86 85 89 70 92 131 93 76
Inventory Days 178 82 78 69 65 76 76 52 49 17 33 36
Days Payable 185 78 81 108 115 111 125 106 146 173 159 126
Cash Conversion Cycle 40 60 53 33 35 50 40 15 -4 -24 -34 -14
Working Capital Days -53 35 38 32 44 42 43 42 17 -16 -12 3
ROCE % 18% 6% 3% 6% 1% -2% -8% 2% -9% 2% 5%

Shareholding Pattern

Numbers in percentages

17 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
71.85% 71.85% 71.49% 71.29% 71.10% 71.03% 70.97% 70.97% 70.85% 70.85% 70.74% 70.16%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.90% 0.85%
2.58% 2.58% 2.56% 2.52% 2.45% 2.45% 2.46% 2.45% 2.44% 2.44% 2.16% 1.70%
25.57% 25.57% 25.95% 26.19% 26.45% 26.52% 26.59% 26.59% 26.71% 26.71% 26.20% 27.30%
No. of Shareholders 70,60370,12669,67265,53065,58365,38365,86264,87563,93963,39965,11458,792

* 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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