Mayur Leather Products Ltd
₹ 25.5
6.56%
21 Aug
10:20 a.m.
About
Incorporated in 1987, Mayur Leather Products Limited is engaged in manufacturing and export of leather shoe and shoe uppers.
Key Points
- Market Cap ₹ 12.3 Cr.
- Current Price ₹ 25.5
- High / Low ₹ 29.6 / 12.8
- Stock P/E 28.0
- Book Value ₹ 6.37
- Dividend Yield 0.00 %
- ROCE 7.49 %
- ROE 17.2 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.76 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 -1.12% 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.
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 24.00 | 18.78 | 12.61 | 9.66 | 8.23 | 9.27 | 3.46 | 0.24 | 0.00 | 0.00 | 0.00 | |
| 27.34 | 32.32 | 26.90 | 21.73 | 15.29 | 13.46 | 9.66 | 9.83 | 7.82 | 0.41 | 1.25 | 0.36 | 0.40 | |
| Operating Profit | 0.73 | -0.20 | -2.90 | -2.95 | -2.68 | -3.80 | -1.43 | -0.56 | -4.36 | -0.17 | -1.25 | -0.36 | -0.40 |
| OPM % | 2.60% | -0.62% | -12.08% | -15.71% | -21.25% | -39.34% | -17.38% | -6.04% | -126.01% | -70.83% | |||
| 1.13 | 1.52 | 1.61 | 1.53 | 1.56 | 3.04 | 1.06 | 0.93 | 1.72 | 0.04 | 1.65 | 1.65 | 1.65 | |
| Interest | 0.53 | 0.64 | 0.53 | 0.84 | 0.82 | 0.84 | 0.40 | 0.50 | 0.55 | 0.51 | 0.15 | 0.02 | 0.02 |
| Depreciation | 0.60 | 0.40 | 0.40 | 0.55 | 0.45 | 0.41 | 0.34 | 0.35 | 0.31 | 0.23 | 0.22 | 0.15 | 0.11 |
| Profit before tax | 0.73 | 0.28 | -2.22 | -2.81 | -2.39 | -2.01 | -1.11 | -0.48 | -3.50 | -0.87 | 0.03 | 1.12 | 1.12 |
| Tax % | 26.03% | 7.14% | -2.25% | 1.42% | -0.42% | 6.47% | 7.21% | 6.25% | 0.00% | 0.00% | 0.00% | 0.00% | |
| 0.53 | 0.27 | -2.17 | -2.84 | -2.38 | -2.13 | -1.20 | -0.51 | -3.49 | -0.87 | 0.03 | 1.12 | 1.12 | |
| EPS in Rs | 1.10 | 0.56 | -4.49 | -5.87 | -4.92 | -4.41 | -2.48 | -1.05 | -7.22 | -1.80 | 0.06 | 2.32 | 2.31 |
| Dividend Payout % | 93.96% | 184.44% | 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: | 4% |
| 5 Years: | 18% |
| 3 Years: | 30% |
| TTM: | 780% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 20% |
| 3 Years: | 58% |
| 1 Year: | 49% |
| Return on Equity | |
|---|---|
| 10 Years: | -27% |
| 5 Years: | -26% |
| 3 Years: | -1% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 4.26 | 4.26 | 4.26 | 4.26 | 4.26 | 4.26 | 4.26 | 4.26 | 4.26 |
| Reserves | 11.20 | 10.90 | 8.39 | 4.75 | 2.65 | 2.15 | 0.37 | -0.33 | -2.97 | -2.22 | -2.30 | -1.10 |
| 6.85 | 6.99 | 5.82 | 8.95 | 7.50 | 6.80 | 7.15 | 3.41 | 4.32 | 4.19 | 3.93 | 3.88 | |
| 6.62 | 6.41 | 6.40 | 9.90 | 8.78 | 6.87 | 5.45 | 10.97 | 8.57 | 6.52 | 6.74 | 6.89 | |
| Total Liabilities | 29.65 | 29.28 | 25.59 | 27.86 | 23.19 | 20.08 | 17.23 | 18.31 | 14.18 | 12.75 | 12.63 | 13.93 |
| 3.52 | 3.29 | 2.61 | 4.37 | 3.99 | 2.84 | 2.58 | 3.51 | 3.10 | 2.31 | 2.21 | 2.87 | |
| CWIP | 0.25 | 0.25 | 0.08 | 0.08 | 0.08 | 0.22 | 1.34 | 0.00 | 0.00 | 0.17 | 0.17 | 0.00 |
| Investments | 1.06 | 1.34 | 1.20 | 0.32 | 0.33 | 0.03 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 24.82 | 24.40 | 21.70 | 23.09 | 18.79 | 16.99 | 13.27 | 14.80 | 11.08 | 10.27 | 10.25 | 11.06 | |
| Total Assets | 29.65 | 29.28 | 25.59 | 27.86 | 23.19 | 20.08 | 17.23 | 18.31 | 14.18 | 12.75 | 12.63 | 13.93 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| 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 | -0.99 | 2.21 | 0.32 | -3.65 | 0.90 | 3.09 | -0.21 | -0.16 | -0.75 | -0.57 | |
| 0.43 | 0.70 | 0.84 | -2.63 | 0.82 | 4.55 | -0.87 | 1.02 | -0.11 | 0.29 | 0.75 | 1.41 | |
| 1.14 | -0.91 | -0.54 | -0.04 | -0.99 | -0.72 | -0.22 | -4.25 | 0.48 | -0.33 | -0.01 | -0.08 | |
| Net Cash Flow | 1.10 | -0.45 | -0.69 | -0.46 | 0.16 | 0.18 | -0.19 | -0.13 | 0.17 | -0.21 | -0.01 | 0.76 |
| Free Cash Flow | -1.05 | -0.47 | -1.02 | -0.11 | 0.25 | -0.34 | -0.30 | 3.45 | -0.78 | -0.14 | -0.54 | 0.84 |
| CFO/OP | -4% | 35% | 34% | -75% | -12% | 96% | -63% | -552% | 5% | 94% | 60% | 158% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 65.09 | 86.29 | 49.50 | 40.05 | 57.65 | 72.06 | 50.64 | 623.54 | ||
| Inventory Days | 108.54 | 114.86 | 71.07 | 94.93 | 134.58 | 127.46 | 130.48 | 89.75 | 67.85 | 1,063.26 | ||
| Days Payable | 70.24 | 74.48 | 61.76 | 21.32 | 27.08 | 118.77 | 88.16 | 94.67 | 358.13 | 6,347.83 | ||
| Cash Conversion Cycle | 97.85 | 100.61 | 74.39 | 159.90 | 157.00 | 48.74 | 99.97 | 67.13 | -239.65 | -4,661.02 | ||
| Working Capital Days | 125.61 | 109.66 | 124.56 | 97.18 | 81.92 | 115.62 | 46.57 | 25.20 | -144.52 | -2,448.54 | ||
| ROCE % | 4.27% | -8.46% | -10.07% | -7.84% | -17.09% | -8.44% | -3.90% | -23.45% | -1.75% | 4.66% | 7.49% |
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 ・Standalone data |
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| Total Employees (incl. Contractual) Number ・Standalone data |
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| Total Sales Volume (Pairs) Pairs ・Standalone data |
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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.
-
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.
-
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
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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]