Mayur Leather Products Ltd
Incorporated in 1987, Mayur Leather Products Limited is engaged in manufacturing and export of leather shoe and shoe uppers.
- Market Cap ₹ 11.7 Cr.
- Current Price ₹ 24.2
- High / Low ₹ 29.6 / 12.8
- Stock P/E 19.8
- Book Value ₹ 4.22
- Dividend Yield 0.00 %
- ROCE 10.6 %
- ROE 39.7 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 5.67 times its book value
- Promoter holding has decreased over last quarter: -14.2%
- Promoter holding is low: 26.5%
- Company has a low return on equity of 3.59% over last 3 years.
- Company might be capitalizing the interest cost
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28.07 | 32.12 | 24.01 | 18.06 | 12.61 | 9.66 | 8.23 | 9.27 | 3.46 | 0.24 | 0.00 | 0.00 | 0.00 | |
| 27.34 | 32.32 | 26.93 | 21.03 | 15.67 | 13.72 | 10.00 | 9.86 | 7.78 | 0.45 | 1.21 | 0.24 | 0.28 | |
| Operating Profit | 0.73 | -0.20 | -2.92 | -2.97 | -3.06 | -4.06 | -1.77 | -0.59 | -4.32 | -0.21 | -1.21 | -0.24 | -0.28 |
| OPM % | 2.60% | -0.62% | -12.16% | -16.45% | -24.27% | -42.03% | -21.51% | -6.36% | -124.86% | -87.50% | |||
| 1.09 | 1.40 | 1.55 | 1.30 | 1.75 | 4.13 | 0.64 | 0.72 | 2.15 | 0.35 | 1.65 | 1.65 | 1.65 | |
| Interest | 0.53 | 0.64 | 0.53 | 0.81 | 0.82 | 0.83 | 0.40 | 0.50 | 0.55 | 0.53 | 0.16 | 0.02 | 0.02 |
| Depreciation | 0.60 | 0.40 | 0.40 | 0.40 | 0.38 | 0.34 | 0.29 | 0.30 | 0.26 | 0.20 | 0.19 | 0.12 | 0.08 |
| Profit before tax | 0.69 | 0.16 | -2.30 | -2.88 | -2.51 | -1.10 | -1.82 | -0.67 | -2.98 | -0.59 | 0.09 | 1.27 | 1.27 |
| Tax % | 27.54% | 12.50% | -2.17% | 1.04% | 0.40% | 6.36% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| 0.49 | 0.15 | -2.24 | -2.91 | -2.52 | -1.17 | -1.84 | -0.67 | -2.98 | -0.59 | 0.09 | 1.27 | 1.27 | |
| EPS in Rs | 1.01 | 0.31 | -4.63 | -6.02 | -5.21 | -2.42 | -3.81 | -1.39 | -6.16 | -1.22 | 0.19 | 2.63 | 2.62 |
| Dividend Payout % | 101.63% | 332.00% | 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: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 18% |
| 3 Years: | 31% |
| TTM: | 490% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 20% |
| 3 Years: | 58% |
| 1 Year: | 49% |
| Return on Equity | |
|---|---|
| 10 Years: | -28% |
| 5 Years: | -31% |
| 3 Years: | 4% |
| Last Year: | 40% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 | 4.98 |
| Reserves | 11.14 | 10.71 | 8.47 | 5.56 | 3.04 | 1.86 | 0.02 | -0.65 | -3.63 | -4.22 | -4.13 | -2.86 |
| 6.85 | 6.99 | 5.82 | 8.93 | 7.50 | 6.80 | 7.14 | 3.41 | 4.53 | 4.11 | 4.25 | 4.34 | |
| 6.63 | 6.41 | 6.39 | 7.38 | 7.11 | 5.54 | 3.70 | 9.24 | 7.65 | 7.84 | 7.00 | 7.21 | |
| Total Liabilities | 29.60 | 29.09 | 25.66 | 26.85 | 22.63 | 19.18 | 15.84 | 16.98 | 13.53 | 12.71 | 12.10 | 13.67 |
| 3.52 | 3.29 | 2.44 | 3.54 | 3.22 | 2.15 | 1.92 | 2.89 | 2.52 | 2.28 | 1.83 | 1.55 | |
| CWIP | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.38 | 1.51 | 0.17 | 0.17 | 0.17 | 0.17 | 0.00 |
| Investments | 1.00 | 1.15 | 1.27 | 1.67 | 1.69 | 1.39 | 1.39 | 1.36 | 1.36 | 1.36 | 1.36 | 1.36 |
| 24.83 | 24.40 | 21.70 | 21.39 | 17.47 | 15.26 | 11.02 | 12.56 | 9.48 | 8.90 | 8.74 | 10.76 | |
| Total Assets | 29.60 | 29.09 | 25.66 | 26.85 | 22.63 | 19.18 | 15.84 | 16.98 | 13.53 | 12.71 | 12.10 | 13.67 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.47 | -0.24 | 0.04 | -2.05 | 1.72 | -3.64 | 10.80 | 2.93 | -0.15 | -0.76 | -0.75 | -0.72 | |
| 0.43 | 0.70 | 0.85 | -0.96 | 0.57 | 4.55 | -10.76 | 0.86 | -0.13 | 0.28 | 0.75 | 1.41 | |
| 1.14 | -0.91 | -1.58 | 2.52 | -2.17 | -0.72 | -0.22 | -4.22 | 0.48 | 0.19 | -0.01 | 0.06 | |
| Net Cash Flow | 1.10 | -0.45 | -0.69 | -0.48 | 0.12 | 0.19 | -0.18 | -0.43 | 0.20 | -0.30 | -0.01 | 0.75 |
| Free Cash Flow | -1.05 | -0.47 | 0.01 | -3.55 | 1.67 | -0.34 | 10.95 | 3.30 | -0.71 | -0.73 | -0.54 | 0.69 |
| CFO/OP | -4% | 35% | -2% | 69% | -56% | 90% | -610% | -497% | 3% | 362% | 62% | 300% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 59.55 | 60.23 | 65.06 | 94.58 | 47.76 | 37.78 | 54.99 | 70.09 | 44.31 | 532.29 | ||
| Inventory Days | 108.54 | 114.86 | 71.07 | 99.06 | 134.58 | 127.46 | 130.48 | 89.75 | 67.85 | 1,063.26 | ||
| Days Payable | 70.24 | 74.48 | 61.76 | 24.37 | 42.92 | 124.08 | 88.75 | 93.03 | 383.89 | 1,920.22 | ||
| Cash Conversion Cycle | 97.85 | 100.61 | 74.37 | 169.28 | 139.43 | 41.16 | 96.73 | 66.80 | -271.74 | -324.66 | ||
| Working Capital Days | 125.61 | 109.66 | 114.17 | 102.06 | 71.21 | 93.33 | 7.10 | -11.81 | -214.15 | 136.88 | ||
| ROCE % | 5.57% | 3.77% | -8.53% | -10.79% | -9.77% | -19.20% | -11.64% | -4.63% | -28.49% | -2.23% | 6.82% | 10.55% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Export FOB Value Rs. Lakhs |
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| Total Employees (incl. Contractual) Number |
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| Total Sales Volume (Pairs) Pairs |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
- Board approved Q1 FY27 results, AGM notice, director changes, and auditor resignation/appointment.
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Announcement under Regulation 30 (LODR)-Change in Directorate
- Board approved Q1 FY27 results, auditor resignation/replacement, AGM on September 25, 2026, and director appointments.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
- Board approved Q1 FY27 results, AGM notice, director appointments; auditor resigned and YG & Associates recommended.
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Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors
- Board approved Q1 FY27 results; no revenue, Rs 7.65 lakh standalone loss, auditor resigned and replaced.
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Results - Financial Results For The Quarter Ended 30.06.2026
- Board approved Q1 FY27 results; auditor resigned, new auditor recommended; AGM set for Sept. 25, 2026.
Annual reports
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Annual Report 2011
from bse
Business Profile: [1]
Mayur Leather historically manufactured
safety leather footwear for domestic and
export markets. The FY25 annual report
describes the company as operating in a
single safety-leather-footwear segment,
while Mayur Global Private Limited remains
its sole subsidiary.[2]