Mohite Industries Ltd

₹ 20.0 -5.65%
27 Jan - close price
About

Incorporated in 1990, Mohite Industries Ltd manufactures and sells Cotton Yarn and generates Electricity through Hydro Power Project

Key Points

Business Overview:[1][2]
Company procures raw cotton from the brokers situated in Maharashtra and Madhya Pradesh and premium cotton yarn is supplied to brokers situated in Mumbai and Ichalkaranji, Maharashtra. Company manufactures special quality yarn i.e. Compact and Slub yarn. Company also does generation of hydropower

  • Market Cap 40.3 Cr.
  • Current Price 20.0
  • High / Low 30.4 / 16.6
  • Stock P/E 9.64
  • Book Value 50.6
  • Dividend Yield 0.00 %
  • ROCE 7.14 %
  • ROE 3.81 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.40 times its book value
  • Debtor days have improved from 165 to 120 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.61% over past five years.
  • Company has a low return on equity of 2.24% over last 3 years.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
29.13 20.11 24.03 1.25 5.73 26.33 31.48 23.28 39.27 33.93 36.45 19.63 19.11
24.90 17.55 22.24 0.45 3.56 21.92 27.95 20.10 37.30 31.53 32.85 16.59 15.32
Operating Profit 4.23 2.56 1.79 0.80 2.17 4.41 3.53 3.18 1.97 2.40 3.60 3.04 3.79
OPM % 14.52% 12.73% 7.45% 64.00% 37.87% 16.75% 11.21% 13.66% 5.02% 7.07% 9.88% 15.49% 19.83%
0.00 1.94 0.72 0.01 0.14 1.50 1.46 1.03 1.62 1.44 1.59 0.88 0.05
Interest 2.11 2.17 1.91 0.00 1.47 4.47 2.09 2.43 1.95 1.88 1.94 2.02 1.97
Depreciation 1.81 1.91 0.36 1.42 1.37 1.14 1.31 1.16 1.17 1.20 1.22 1.07 1.07
Profit before tax 0.31 0.42 0.24 -0.61 -0.53 0.30 1.59 0.62 0.47 0.76 2.03 0.83 0.80
Tax % 0.00% 0.00% -16.67% 0.00% 0.00% 0.00% -13.84% 0.00% 0.00% 0.00% 11.82% 0.00% 0.00%
Net Profit 0.31 0.42 0.28 -0.60 -0.53 0.30 1.81 0.62 0.48 0.76 1.79 0.83 0.80
EPS in Rs 0.15 0.21 0.14 -0.30 -0.26 0.15 0.90 0.31 0.24 0.38 0.89 0.41 0.40
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
136 86 139 204 206 128 96 103 116 99 68 139 109
113 58 113 177 185 110 76 86 97 83 54 122 96
Operating Profit 24 27 26 27 21 19 20 17 20 16 14 17 13
OPM % 17% 32% 19% 13% 10% 14% 21% 17% 17% 16% 21% 12% 12%
-2 2 2 1 0 3 -7 0 0 0 0 0 4
Interest 11 16 14 12 7 8 11 9 11 8 8 8 8
Depreciation 6 9 9 9 7 8 7 7 7 6 5 5 5
Profit before tax 5 5 4 7 7 5 -4 1 2 2 1 4 4
Tax % 8% 10% 7% 4% 6% 2% 14% -17% -5% -3% -29% 6%
Net Profit 4 4 4 7 7 5 -3 1 2 2 1 4 4
EPS in Rs 2.13 2.04 1.99 3.33 3.35 2.58 -1.73 0.68 1.06 0.78 0.48 1.82 2.08
Dividend Payout % 47% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 8%
3 Years: 6%
TTM: -9%
Compounded Profit Growth
10 Years: -1%
5 Years: 1%
3 Years: 20%
TTM: 30%
Stock Price CAGR
10 Years: -6%
5 Years: 4%
3 Years: 30%
1 Year: -11%
Return on Equity
10 Years: 4%
5 Years: 2%
3 Years: 2%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
20 20 20 20 20 20 20 20 20 20 20 20 20
Reserves 38 43 47 53 66 69 65 67 69 70 71 80 82
119 122 100 89 74 85 82 84 82 79 76 73 72
13 14 14 12 12 10 10 8 8 7 7 5 12
Total Liabilities 190 198 180 175 172 184 178 179 179 176 175 179 186
126 118 104 92 92 84 79 76 71 70 65 61 59
CWIP 0 6 6 6 6 6 0 0 4 0 0 0 21
Investments 0 0 0 0 0 0 0 0 0 2 2 2 2
64 75 71 76 74 95 98 102 103 104 108 115 102
Total Assets 190 198 180 175 172 184 178 179 179 176 175 179 186

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
19 20 31 22 24 -6 16 12 22 14 13 12
-10 -7 5 2 -1 3 -4 -4 -8 -2 -0 -1
-11 -13 -35 -26 -23 3 -13 -7 -16 -12 -12 -11
Net Cash Flow -1 -0 1 -1 0 0 -2 0 -1 0 1 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 87 148 83 53 56 123 164 149 130 153 223 120
Inventory Days 117 351 155 94 74 157 281 276 215 277 455 148
Days Payable 3 35 13 14 11 23 37 22 19 13 24 5
Cash Conversion Cycle 200 464 225 132 119 257 407 403 326 418 654 263
Working Capital Days 109 195 122 86 91 177 322 311 278 331 494 268
ROCE % 11% 11% 10% 11% 9% 7% 8% 6% 7% 6% 5% 7%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
68.82 68.82 68.82 68.82 68.82 68.82 68.82 68.82 68.82 68.82 68.82 68.82
31.18 31.18 31.18 31.18 31.18 31.18 31.18 31.18 31.18 31.18 31.19 31.18

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