Mayur Leather Products Ltd

Mayur Leather Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mayur Leather Products Ltd

₹ 5.00 -4.40%
03 Oct - close price
mayurgroups.com BSE: 531680
About

Incorporated in 1987, Mayur Leather Products Limited is engaged in manufacturing and export of leather shoe and shoe uppers.

Key Points

Product Profile:[1]
Army Long Boots, Low Ankle Safety Shoes, High Ankle Safety Shoes, High Ankle Rubber Sole Safety Shoes, PU High Ankle Safety Shoes, PU Low Ankle Safety Shoes, Police and Army Oxfords, Rubber Sole Safety Boots, Low Ankle Rubber Sole Safety Shoes, PU Female Safety Shoes, Safety Shoe With Tongue Cover, Police and Army High Ankle Shoes, Women's Safety Shoes, School Shoes

Website BSE
  • Market Cap ₹ 2.42 Cr.
  • Current Price ₹ 5.00
  • High / Low ₹ 10.7 / 4.90
  • Stock P/E
  • Book Value ₹ 8.13
  • Dividend Yield 0.00 %
  • ROCE -3.90 %
  • ROE -22.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.62 times its book value
  • Company's working capital requirements have reduced from 264 days to 129 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -17.3% over past five years.
  • Company has a low return on equity of -37.7% over last 3 years.
  • Debtor days have increased from 56.6 to 72.1 days.

* 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: Leather Industry: Leather / Leather Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
2.49 2.85 2.31 2.01 0.77 1.96 1.90 3.60 1.94 1.47 2.49 3.37 0.91
2.60 3.82 2.95 4.40 1.85 2.48 2.26 3.12 1.87 2.05 2.96 2.96 1.68
Operating Profit -0.11 -0.97 -0.64 -2.39 -1.08 -0.52 -0.36 0.48 0.07 -0.58 -0.47 0.41 -0.77
OPM % -4.42% -34.04% -27.71% -118.91% -140.26% -26.53% -18.95% 13.33% 3.61% -39.46% -18.88% 12.17% -84.62%
0.35 0.35 3.01 -0.36 0.24 0.29 0.18 0.37 0.11 0.26 0.41 0.15 0.17
Interest 0.18 0.16 0.38 0.11 0.07 0.10 0.10 0.12 0.10 0.10 0.13 0.17 0.14
Depreciation 0.11 0.11 0.10 0.09 0.09 0.09 0.09 0.08 0.08 0.08 0.12 0.08 0.08
Profit before tax -0.05 -0.89 1.89 -2.95 -1.00 -0.42 -0.37 0.65 0.00 -0.50 -0.31 0.31 -0.82
Tax % -100.00% -1.12% 0.53% -1.69% -2.00% -4.76% -8.11% 1.54% -2.00% -6.45% 0.00% -6.10%
-0.10 -0.90 1.88 -3.00 -1.03 -0.43 -0.40 0.63 0.00 -0.50 -0.33 0.32 -0.87
EPS in Rs -0.21 -1.86 3.89 -6.21 -2.13 -0.89 -0.83 1.30 0.00 -1.03 -0.68 0.66 -1.80
Raw PDF

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 TTM
28.07 32.12 24.00 18.78 12.61 9.66 8.23 9.27 8.24
27.34 32.32 26.90 21.73 15.29 13.46 9.66 9.83 9.65
Operating Profit 0.73 -0.20 -2.90 -2.95 -2.68 -3.80 -1.43 -0.56 -1.41
OPM % 2.60% -0.62% -12.08% -15.71% -21.25% -39.34% -17.38% -6.04% -17.11%
1.13 1.52 1.61 1.53 1.56 3.04 1.06 0.93 0.99
Interest 0.53 0.64 0.53 0.84 0.82 0.84 0.40 0.50 0.54
Depreciation 0.60 0.40 0.40 0.55 0.45 0.41 0.34 0.35 0.36
Profit before tax 0.73 0.28 -2.22 -2.81 -2.39 -2.01 -1.11 -0.48 -1.32
Tax % 26.03% 7.14% 2.25% -1.42% 0.42% -6.47% -7.21% -6.25%
0.53 0.27 -2.17 -2.84 -2.38 -2.13 -1.20 -0.51 -1.38
EPS in Rs 1.10 0.56 -4.49 -5.87 -4.92 -4.41 -2.48 -1.05 -2.85
Dividend Payout % 93.96% 184.44% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -17%
3 Years: -10%
TTM: -12%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 16%
TTM: -147%
Stock Price CAGR
10 Years: -12%
5 Years: -16%
3 Years: -2%
1 Year: -51%
Return on Equity
10 Years: %
5 Years: -32%
3 Years: -38%
Last Year: -22%

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
4.98 4.98 4.98 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
6.85 6.99 5.82 8.95 7.50 6.80 7.15 3.41
6.62 6.41 6.40 9.90 8.78 6.87 5.45 10.97
Total Liabilities 29.65 29.28 25.59 27.86 23.19 20.08 17.23 18.31
3.52 3.29 2.61 4.37 3.99 2.84 2.58 3.51
CWIP 0.25 0.25 0.08 0.08 0.08 0.22 1.34 0.00
Investments 1.06 1.34 1.20 0.32 0.33 0.03 0.04 0.00
24.82 24.40 21.70 23.09 18.79 16.99 13.27 14.80
Total Assets 29.65 29.28 25.59 27.86 23.19 20.08 17.23 18.31

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
-0.47 -0.24 -0.99 2.21 0.32 -3.65 0.90 3.09
0.43 0.70 0.84 -2.63 0.82 4.55 -0.87 1.02
1.14 -0.91 -0.54 -0.04 -0.99 -0.72 -0.22 -4.25
Net Cash Flow 1.10 -0.45 -0.69 -0.46 0.16 0.18 -0.19 -0.13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 59.55 60.23 65.09 86.29 49.50 40.05 57.65 72.06
Inventory Days 108.54 114.86 71.07 94.93 134.58 127.46 130.48 89.75
Days Payable 70.24 74.48 61.76 21.32 27.08 118.77 88.16 94.67
Cash Conversion Cycle 97.85 100.61 74.39 159.90 157.00 48.74 99.97 67.13
Working Capital Days 214.16 189.09 213.07 256.16 284.24 349.51 312.67 128.75
ROCE % 4.27% -8.46% -10.07% -7.84% -17.09% -8.44% -3.90%

Shareholding Pattern

Numbers in percentages

Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022
64.02% 64.02% 64.02% 64.02% 64.02% 64.02% 64.02% 64.02% 64.02% 64.02% 64.02% 64.02%
0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49% 0.49%
35.49% 35.49% 35.49% 35.49% 35.49% 35.49% 35.49% 35.49% 35.49% 35.49% 35.49% 35.48%
No. of Shareholders 1,3371,3351,3681,3691,3701,3531,3731,4051,6521,6941,6791,799

* 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.

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