Mahalaxmi Rubtech Ltd

Mahalaxmi Rubtech Ltd

₹ 291 1.94%
28 Mar - close price
About

Incorporated in 1991, Mahalaxmi Rubtech Ltd does manufacturing and marketing of Traditional Textiles and Polymer based Technical Textiles & Rubber products[1]

Key Points

Business Overview:[1][2]
MRTL is a part of the Mahalaxmi Group. It is an ISO 9001:2000 certified research-based, technology-driven company that manufactures Offset printing Blankets, niche textile and Rubber products. Company is the only Indian manufacturer with inhouse facility from Yan to offset printing blanket. Company does weaving and processing of fabric (own and job work) and manufacturing of technical textiles (rubber offset printing blankets)

  • Market Cap 309 Cr.
  • Current Price 291
  • High / Low 335 / 143
  • Stock P/E 53.5
  • Book Value 81.4
  • Dividend Yield 0.00 %
  • ROCE 7.68 %
  • ROE 5.55 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.58 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 -2.55% over past five years.
  • Company has a low return on equity of 6.10% over last 3 years.
  • Promoter holding has decreased over last 3 years: -7.60%

* 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 - Processing

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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
38.60 55.68 35.01 43.74 45.76 45.14 48.82 48.54 46.84 55.77 50.13 53.32 49.27
33.58 50.04 31.44 39.92 42.05 41.29 46.34 44.14 42.10 52.94 46.45 49.18 44.91
Operating Profit 5.02 5.64 3.57 3.82 3.71 3.85 2.48 4.40 4.74 2.83 3.68 4.14 4.36
OPM % 13.01% 10.13% 10.20% 8.73% 8.11% 8.53% 5.08% 9.06% 10.12% 5.07% 7.34% 7.76% 8.85%
0.13 2.21 0.74 0.73 1.04 1.99 2.67 0.92 0.71 1.28 0.89 1.65 0.50
Interest 0.30 2.09 0.72 0.87 1.18 0.99 1.00 1.06 1.14 1.16 0.83 0.89 0.73
Depreciation 2.37 2.44 1.91 1.91 2.00 2.68 2.05 2.08 2.11 2.12 1.96 1.98 2.06
Profit before tax 2.48 3.32 1.68 1.77 1.57 2.17 2.10 2.18 2.20 0.83 1.78 2.92 2.07
Tax % 25.00% 22.59% 14.29% 29.38% 24.20% 28.57% 25.24% 19.72% 19.09% 12.05% 29.21% 25.00% 23.19%
1.86 2.57 1.44 1.25 1.19 1.55 1.57 1.75 1.77 0.73 1.26 2.20 1.59
EPS in Rs 1.40 1.93 1.08 0.94 1.12 1.46 1.48 1.65 1.67 0.69 1.19 2.07 1.50
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
106 122 149 144 168 202 228 185 180 137 170 200 208
97 113 137 132 155 188 214 169 163 119 155 186 193
Operating Profit 9 9 12 12 13 14 13 15 16 18 15 14 15
OPM % 8% 7% 8% 8% 8% 7% 6% 8% 9% 13% 9% 7% 7%
1 1 0 1 1 0 2 2 3 3 4 6 4
Interest 2 2 3 2 2 2 2 2 3 3 4 4 4
Depreciation 4 5 6 7 7 8 8 9 10 9 8 8 8
Profit before tax 3 3 3 4 5 5 6 6 6 8 7 7 8
Tax % 31% 31% 31% 33% 35% 33% 33% 20% 23% 22% 25% 20%
2 2 2 3 3 3 4 5 5 6 5 6 6
EPS in Rs 2.67 2.51 2.60 3.31 3.49 3.41 3.32 3.70 3.62 4.58 5.10 5.48 5.45
Dividend Payout % 19% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: -3%
3 Years: 4%
TTM: 10%
Compounded Profit Growth
10 Years: 9%
5 Years: 6%
3 Years: -1%
TTM: -13%
Stock Price CAGR
10 Years: 27%
5 Years: 48%
3 Years: 94%
1 Year: 6%
Return on Equity
10 Years: 6%
5 Years: 6%
3 Years: 6%
Last Year: 6%

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 9 9 9 9 9 10 11 13 13 13 11 11 11
Reserves 32 34 36 39 42 49 58 70 75 81 66 72 76
45 48 50 43 44 36 37 35 33 38 51 44 40
28 31 25 29 42 53 60 54 54 41 53 61 61
Total Liabilities 113 122 120 120 136 148 168 172 175 173 180 188 187
42 65 68 62 65 61 68 68 62 66 64 61 59
CWIP 21 4 1 2 0 1 4 2 11 1 1 0 1
Investments 1 0 0 0 0 0 0 0 0 0 3 3 3
49 52 51 55 72 86 95 102 103 105 112 124 124
Total Assets 113 122 120 120 136 148 168 172 175 173 180 188 187

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
4 0 0 12 15 5 13 11 23 14 16 7
-19 0 0 -2 -8 -5 -18 -6 -15 -15 -12 13
15 0 0 -9 -0 3 5 2 -8 1 -10 -11
Net Cash Flow 0 0 0 2 7 2 0 8 0 0 -6 10

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 48 51 52 71 66 68 66 74 72 81 63 71
Inventory Days 174 139 94 86 103 91 84 129 125 145 146 148
Days Payable 124 115 72 103 134 117 113 154 158 160 186 175
Cash Conversion Cycle 98 74 73 54 36 42 36 49 39 67 23 43
Working Capital Days 79 55 55 54 41 45 47 63 49 86 58 62
ROCE % 7% 5% 7% 7% 7% 7% 6% 7% 7% 9% 8% 8%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
72.40% 72.40% 72.40% 66.71% 66.71% 66.71% 66.68% 66.68% 64.80% 64.80% 64.80% 64.80%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.53% 0.58% 0.00% 0.00% 0.00%
0.06% 0.06% 0.06% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
27.54% 27.54% 27.54% 33.22% 33.22% 33.22% 33.20% 32.72% 34.54% 35.12% 35.13% 35.11%
No. of Shareholders 3,8433,9043,9493,8525,6615,1135,1684,8434,9025,3425,0794,584

* 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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