M M Rubber Co Ltd

M M Rubber Co Ltd

₹ 93.8 -2.24%
28 Mar - close price
About

Incorporated in 1964, M M Rubber Co Ltd manufactures mattresses, cushions and pillows[1]

Key Points

Product Profile:[1]
a) Mattresses:[2]
100% Organic Natural Latex Mattresses, Latex Hybrid Mattress, Foam Mattress
b) Pillows:[3]
100% Natural Latex Pillows, Latex Hybrid Pillows, Poly fiber Pillows
c) Accessories:[4]
Mattress Protector, Mattress Topper, Travel Pillow, Coccyx Cushion, Hemorrhoid Cushion

  • Market Cap 58.5 Cr.
  • Current Price 93.8
  • High / Low 155 / 88.4
  • Stock P/E 122
  • Book Value 31.7
  • Dividend Yield 0.00 %
  • ROCE 18.0 %
  • ROE 15.7 %
  • Face Value 2.00

Pros

  • Debtor days have improved from 25.0 to 16.2 days.

Cons

  • Stock is trading at 2.96 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 9.26% over past five years.
  • Promoter holding is low: 3.30%
  • Company has a low return on equity of 0.62% over last 3 years.

* 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.

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Quarterly Results

Figures in Rs. Crores

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
9.37 8.97 5.66 5.66 10.94 10.69 10.35 10.29 10.98 9.83 10.52 10.34 10.88
11.40 9.65 5.78 5.78 10.22 9.70 9.55 9.10 9.89 8.76 10.01 10.02 10.75
Operating Profit -2.03 -0.68 -0.12 -0.12 0.72 0.99 0.80 1.19 1.09 1.07 0.51 0.32 0.13
OPM % -21.66% -7.58% -2.12% -2.12% 6.58% 9.26% 7.73% 11.56% 9.93% 10.89% 4.85% 3.09% 1.19%
0.01 0.01 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.01 0.01 0.02
Interest 0.04 0.11 0.07 0.07 0.07 0.06 0.06 0.09 0.09 0.10 0.08 0.14 0.15
Depreciation 0.09 0.20 0.12 0.12 0.10 0.25 0.12 0.15 0.16 0.30 0.12 0.17 0.14
Profit before tax -2.15 -0.98 -0.31 -0.31 0.56 0.69 0.62 0.96 0.85 0.68 0.32 0.02 -0.14
Tax % 0.00% -3.06% 0.00% 0.00% 0.00% 28.99% 16.13% 20.83% 0.00% 38.24% 46.88% 0.00% 0.00%
-2.15 -1.00 -0.31 -0.31 0.56 0.50 0.52 0.76 0.85 0.43 0.17 0.02 -0.14
EPS in Rs -3.45 -1.60 -0.50 -0.50 0.90 0.80 0.83 1.22 1.36 0.69 0.27 0.03 -0.22
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
17.72 16.28 16.75 16.84 17.76 19.40 25.14 28.14 29.81 26.35 34.98 39.14 41.57
17.29 15.81 16.88 15.92 16.84 18.38 23.80 26.56 30.36 29.40 32.45 34.95 39.54
Operating Profit 0.43 0.47 -0.13 0.92 0.92 1.02 1.34 1.58 -0.55 -3.05 2.53 4.19 2.03
OPM % 2.43% 2.89% -0.78% 5.46% 5.18% 5.26% 5.33% 5.61% -1.85% -11.57% 7.23% 10.71% 4.88%
0.23 0.01 0.05 0.11 0.13 0.17 0.05 0.02 1.92 0.02 0.02 0.03 0.05
Interest 0.70 0.69 0.65 0.71 0.71 0.65 0.66 0.66 0.45 0.22 0.36 0.38 0.47
Depreciation 0.15 0.13 0.13 0.08 0.08 0.17 0.29 0.34 0.37 0.47 0.54 0.73 0.73
Profit before tax -0.19 -0.34 -0.86 0.24 0.26 0.37 0.44 0.60 0.55 -3.72 1.65 3.11 0.88
Tax % -336.84% 0.00% 0.00% 0.00% 0.00% 18.92% 31.82% 20.00% 60.00% -0.81% 12.12% 18.01%
-0.83 -0.34 -0.85 0.24 0.26 0.31 0.30 0.48 0.22 -3.75 1.45 2.56 0.48
EPS in Rs -1.67 -0.68 -1.71 0.48 0.52 0.62 0.60 0.96 0.35 -6.02 2.33 4.11 0.77
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 9%
5 Years: 9%
3 Years: 10%
TTM: -2%
Compounded Profit Growth
10 Years: 25%
5 Years: 55%
3 Years: 57%
TTM: -82%
Stock Price CAGR
10 Years: 27%
5 Years: 2%
3 Years: 20%
1 Year: -5%
Return on Equity
10 Years: -1%
5 Years: -1%
3 Years: 1%
Last Year: 16%

Balance Sheet

Figures in Rs. Crores

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 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.25 1.25 1.25 1.25 1.25
Reserves 0.37 0.03 -0.82 -0.64 -0.43 6.37 5.18 5.66 14.08 10.33 11.78 18.31 18.50
4.29 4.55 4.61 4.60 4.45 4.79 5.60 5.29 1.04 3.74 3.59 2.54 5.24
2.35 2.44 3.71 3.58 3.20 4.28 5.12 4.77 4.79 5.03 5.62 7.70 6.86
Total Liabilities 8.01 8.02 8.50 8.54 8.22 16.44 16.90 16.72 21.16 20.35 22.24 29.80 31.85
0.51 0.51 0.51 0.65 0.69 9.01 8.61 8.59 10.20 11.73 12.63 19.50 19.62
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7.50 7.51 7.99 7.89 7.53 7.43 8.29 8.13 10.96 8.62 9.61 10.30 12.23
Total Assets 8.01 8.02 8.50 8.54 8.22 16.44 16.90 16.72 21.16 20.35 22.24 29.80 31.85

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-1.70 0.21 1.20 0.36 0.52 0.37 1.76 1.46 -0.63 -2.06 1.92 3.11
0.15 -0.11 -0.07 -0.17 0.02 -0.01 -1.84 -0.30 -1.01 -1.98 -1.42 -2.20
1.49 -0.34 -1.03 -0.21 -0.64 -0.45 0.14 -1.00 3.41 2.19 -0.51 -1.02
Net Cash Flow -0.06 -0.24 0.10 -0.03 -0.10 -0.08 0.06 0.16 1.76 -1.85 -0.01 -0.11

Ratios

Figures in Rs. Crores

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 39.34 33.41 39.22 30.56 32.88 33.68 41.52 26.72 22.04 30.47 28.38 16.23
Inventory Days 218.32 183.15 201.38 190.08 175.66 119.41 134.27 99.53 145.08
Days Payable 67.29 100.49 86.70 68.41 47.44 78.48 44.31 43.95 57.28
Cash Conversion Cycle 39.34 184.44 121.88 145.24 154.55 161.90 82.46 26.72 22.04 120.44 83.96 104.03
Working Capital Days 86.31 94.84 70.39 74.99 71.93 67.17 44.72 38.65 66.49 61.09 48.52 44.58
ROCE % 10.41% 6.23% -4.05% 19.49% 19.44% 11.87% 9.11% 10.62% -6.43% -22.09% 12.59% 18.03%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
3.30% 3.30% 3.30% 3.30% 3.30% 3.30% 3.30% 3.30% 3.30% 3.30% 3.30% 3.30%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
96.69% 96.69% 96.69% 96.69% 96.69% 96.69% 96.69% 96.68% 96.69% 96.68% 96.69% 96.68%
No. of Shareholders 10,65810,57110,50210,45810,43110,30810,39310,36910,28510,42610,26610,181

* 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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