Mafatlal Industries Ltd

About [ edit ]

Mafatlal Industries is engaged in textile manufacturing and trading, having its manufacturing units at Nadiad and Navsari.(Source : 201903 Annual Report Page No: 63)

  • Market Cap 158 Cr.
  • Current Price 113
  • High / Low 134 / 74.0
  • Stock P/E
  • Book Value 335
  • Dividend Yield 0.00 %
  • ROCE -5.55 %
  • ROE -14.5 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.34 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -14.55% over past five years.
  • Company has a low return on equity of -12.24% for last 3 years.
  • Contingent liabilities of Rs.63.57 Cr.
  • Promoters have pledged 69.87% of their holding.
  • Debtor days have increased from 97.80 to 131.21 days.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Textiles Industry: Textiles - Composite

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
312.71 233.75 230.58 246.81 272.10 280.10 244.54 208.79 40.84 170.18 184.53 207.32
315.15 255.98 247.50 266.42 269.57 281.07 249.97 211.84 58.60 182.21 192.80 216.24
Operating Profit -2.44 -22.23 -16.92 -19.61 2.53 -0.97 -5.43 -3.05 -17.76 -12.03 -8.27 -8.92
OPM % -0.78% -9.51% -7.34% -7.95% 0.93% -0.35% -2.22% -1.46% -43.49% -7.07% -4.48% -4.30%
Other Income 6.71 3.77 5.39 -68.59 4.71 4.00 22.95 10.53 -9.84 2.75 -9.78 11.69
Interest 7.22 7.74 7.65 7.58 8.29 8.59 7.89 6.67 5.47 5.42 6.06 5.15
Depreciation 8.95 9.00 8.99 9.01 4.15 4.19 4.31 4.54 4.52 4.39 4.25 3.89
Profit before tax -11.90 -35.20 -28.17 -104.79 -5.20 -9.75 5.32 -3.73 -37.59 -19.09 -28.36 -6.27
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -9.38% 0.00% 0.00% 0.00% -42.26%
Net Profit -11.91 -35.21 -28.17 -104.78 -5.20 -9.75 5.32 -4.07 -37.59 -19.09 -28.37 -8.92
EPS in Rs -8.56 -25.31 -20.25 -75.31 -3.74 -7.01 3.82 -2.93 -27.02 -13.72 -20.39 -6.41

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

May 2010 Jun 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
133 683 157 797 920 1,013 1,323 1,238 1,168 1,024 1,006 603
236 345 258 751 892 995 1,284 1,228 1,175 1,087 1,027 650
Operating Profit -103 338 -100 47 28 19 39 11 -8 -63 -22 -47
OPM % -78% 49% -64% 6% 3% 2% 3% 1% -1% -6% -2% -8%
Other Income 178 189 -2 50 25 40 22 48 33 -51 57 -5
Interest 8 13 4 32 15 17 21 27 31 30 31 22
Depreciation 3 3 2 14 18 17 21 32 36 36 17 17
Profit before tax 64 512 -108 51 20 25 19 -1 -42 -180 -13 -91
Tax % 17% 25% 12% 26% -18% 5% 9% 908% 0% 0% -3% -3%
Net Profit 53 374 -84 37 23 24 17 4 -42 -180 -14 -94
EPS in Rs 53.91 381.45 -85.53 37.89 16.19 17.14 12.31 2.96 -30.03 -129.43 -9.85 -67.49
Dividend Payout % 0% 0% 0% 13% 19% 18% 24% 68% -7% 0% 0% 0%
Compounded Sales Growth
10 Years:16%
5 Years:-15%
3 Years:-20%
TTM:-40%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-5%
TTM:-147%
Stock Price CAGR
10 Years:-6%
5 Years:-18%
3 Years:-21%
1 Year:33%
Return on Equity
10 Years:-6%
5 Years:-9%
3 Years:-12%
Last Year:-14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

May 2010 Jun 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
70 70 40 44 14 14 14 14 14 14 14 14
Reserves -16 367 283 315 332 350 362 576 785 493 271 453
Borrowings 94 81 48 105 122 148 224 250 234 207 150 122
243 414 89 204 186 251 331 358 360 292 381 356
Total Liabilities 332 872 430 633 655 762 932 1,198 1,392 1,006 816 944
52 46 47 93 158 165 213 318 298 139 138 122
CWIP 0 0 4 63 15 36 9 8 7 1 0 0
Investments 50 39 89 48 47 46 46 284 502 374 168 444
230 787 291 428 435 515 663 588 585 493 510 378
Total Assets 332 872 430 633 655 762 932 1,198 1,392 1,006 816 944

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

May 2010 Jun 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-41 459 -308 16 12 7 -35 88 12 8 24 7
82 137 536 6 -51 -7 -21 -73 49 40 84 31
-22 -2 -179 -25 -38 4 52 -11 -52 -57 -91 -29
Net Cash Flow 19 594 48 -3 -78 4 -5 4 9 -9 17 8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

May 2010 Jun 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 2% 115% -20% 18% 6% 3% 6% 1% -2% -8% 2% -6%
Debtor Days 283 34 47 56 55 72 86 85 89 70 92 131
Inventory Turnover 6.26 5.86 4.19 7.81 5.60 5.91 6.92 5.64 5.24 6.10 7.86 8.09

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.86 74.86 72.08 72.08 72.08 72.08 72.08 72.08 72.08 72.08 72.08 71.85
2.59 2.59 2.59 2.59 2.59 2.59 2.59 2.59 2.59 2.58 2.58 2.58
22.55 22.55 25.33 25.33 25.33 25.33 25.32 25.33 25.33 25.34 25.34 25.57

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