Mayur Leather Products Ltd

About [ edit ]

Mayur Leather Products Limited is an India-based safety footwear manufacturer.

  • Market Cap 3.96 Cr.
  • Current Price 8.20
  • High / Low 8.65 / 2.80
  • Stock P/E
  • Book Value 9.87
  • Dividend Yield 0.00 %
  • ROCE -19.0 %
  • ROE -53.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.83 times its book value
  • Debtor days have improved from 58.61 to 40.05 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -19.21% over past five years.
  • Company has a low return on equity of -33.55% for last 3 years.
  • Company's cost of borrowing seems high
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
2.82 3.50 2.49 2.85 2.31 2.01 0.77 1.96 1.90
2.98 5.09 2.60 3.82 2.95 4.40 1.85 2.48 2.26
Operating Profit -0.16 -1.59 -0.11 -0.97 -0.64 -2.39 -1.08 -0.52 -0.36
OPM % -5.67% -45.43% -4.42% -34.04% -27.71% -118.91% -140.26% -26.53% -18.95%
Other Income 0.42 0.66 0.35 0.35 3.01 -0.36 0.24 0.29 0.18
Interest -0.05 0.46 0.18 0.16 0.38 0.11 0.07 0.10 0.10
Depreciation 0.11 0.11 0.11 0.11 0.10 0.09 0.09 0.09 0.09
Profit before tax 0.20 -1.50 -0.05 -0.89 1.89 -2.95 -1.00 -0.42 -0.37
Tax % 0.00% 4.00% -100.00% -1.12% 0.53% -1.69% -2.00% -4.76% -8.11%
Net Profit 0.20 -1.43 -0.10 -0.90 1.88 -3.00 -1.03 -0.43 -0.40
EPS in Rs 0.41 -2.96 -0.21 -1.86 3.89 -6.21 -2.13 -0.89 -0.83

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
28.07 32.12 24.00 18.78 12.61 9.66 6.64
27.34 32.32 26.91 21.73 15.31 14.71 10.99
Operating Profit 0.73 -0.20 -2.91 -2.95 -2.70 -5.05 -4.35
OPM % 2.60% -0.62% -12.12% -15.71% -21.41% -52.28% -65.51%
Other Income 1.13 1.52 1.62 1.53 1.58 4.29 0.35
Interest 0.53 0.64 0.53 0.84 0.82 0.84 0.38
Depreciation 0.60 0.40 0.40 0.55 0.45 0.41 0.36
Profit before tax 0.73 0.28 -2.22 -2.81 -2.39 -2.01 -4.74
Tax % 26.03% 7.14% 2.25% -1.42% 0.42% -6.47%
Net Profit 0.53 0.27 -2.17 -2.84 -2.38 -2.13 -4.86
EPS in Rs 1.10 0.56 -4.49 -5.87 -4.92 -4.41 -10.06
Dividend Payout % 93.96% 184.44% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:%
5 Years:-19%
3 Years:-26%
TTM:-40%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-26%
TTM:-25%
Stock Price CAGR
10 Years:-12%
5 Years:-17%
3 Years:-27%
1 Year:165%
Return on Equity
10 Years:%
5 Years:-19%
3 Years:-34%
Last Year:-54%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
4.98 4.98 4.98 4.26 4.26 4.26 4.26
Reserves 11.20 10.90 8.39 4.75 2.65 2.15 0.51
Borrowings 6.85 6.99 5.82 8.95 7.50 6.81 4.25
6.62 6.41 6.40 9.90 8.78 6.86 10.28
Total Liabilities 29.65 29.28 25.59 27.86 23.19 20.08 19.30
3.52 3.29 2.61 4.37 3.99 2.84 2.89
CWIP 0.25 0.25 0.08 0.08 0.08 0.22 0.00
Investments 1.06 1.34 1.20 0.32 0.33 0.03 0.04
24.82 24.40 21.70 23.09 18.79 16.99 16.37
Total Assets 29.65 29.28 25.59 27.86 23.19 20.08 19.30

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-0.47 -0.24 -0.99 2.21 0.32
0.43 0.70 0.84 -2.63 0.82
1.14 -0.91 -0.54 -0.04 -0.99
Net Cash Flow 1.10 -0.45 -0.69 -0.46 0.16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 4.27% -8.46% -10.61% -8.77% -19.04%
Debtor Days 59.55 60.23 65.09 86.29 49.50 40.05
Inventory Turnover 3.54 3.59 3.95 2.65 2.76

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
64.02 64.02 64.02 64.02 64.02 64.02 64.02 64.02 64.02 64.02 64.02 64.02
0.00 0.00 0.00 0.00 0.00 0.00 0.49 0.49 0.49 0.49 0.49 0.49
35.98 35.98 35.98 35.98 35.98 35.98 35.49 35.49 35.49 35.49 35.49 35.49

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