Mohite Industries Ltd

Mohite Industries Ltd

₹ 58.3 15.86%
14 Jun 4:01 p.m.
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 117 Cr.
  • Current Price 58.3
  • High / Low 60.3 / 23.0
  • Stock P/E 49.8
  • Book Value 55.2
  • Dividend Yield 0.00 %
  • ROCE 6.23 %
  • ROE 2.13 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.06 times its book value
  • Company is expected to give good quarter

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 1.42% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 4.97% 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.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
45.14 23.28 53.31 36.43 44.86 24.17 18.38 12.03 30.68 16.64 24.55 21.92 61.89
36.33 20.36 47.72 31.89 39.59 20.46 14.66 7.83 20.01 14.17 14.49 21.75 55.25
Operating Profit 8.81 2.92 5.59 4.54 5.27 3.71 3.72 4.20 10.67 2.47 10.06 0.17 6.64
OPM % 19.52% 12.54% 10.49% 12.46% 11.75% 15.35% 20.24% 34.91% 34.78% 14.84% 40.98% 0.78% 10.73%
0.06 1.16 0.03 0.04 1.66 0.97 0.10 0.05 0.30 1.00 -0.98 1.97 0.97
Interest 3.06 2.20 2.68 2.19 2.14 2.08 2.04 2.33 2.56 1.88 5.68 1.90 2.76
Depreciation 1.39 1.24 1.24 1.29 1.32 1.15 1.07 1.31 3.88 1.88 1.57 -0.23 4.27
Profit before tax 4.42 0.64 1.70 1.10 3.47 1.45 0.71 0.61 4.53 -0.29 1.83 0.47 0.58
Tax % 4.07% 0.00% 0.00% 0.00% 6.92% 0.00% 0.00% 0.00% 13.47% 0.00% 0.00% 0.00% 41.38%
4.24 0.65 1.70 1.10 3.23 1.46 0.70 0.61 3.92 -0.29 1.84 0.47 0.33
EPS in Rs 2.11 0.32 0.85 0.55 1.61 0.73 0.35 0.30 1.95 -0.14 0.92 0.23 0.16
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
142 180 177 116 122 92 161 86 125
127 161 166 97 103 73 139 62 106
Operating Profit 16 19 11 20 19 18 21 24 19
OPM % 11% 11% 6% 17% 15% 20% 13% 28% 15%
11 8 11 0 0 0 0 0 3
Interest 7 11 11 11 9 9 10 10 12
Depreciation 6 7 7 7 6 6 5 7 8
Profit before tax 14 10 5 2 4 4 7 7 3
Tax % 29% 41% 34% -5% -1% 5% 3% 8% 9%
10 6 3 2 4 4 7 7 2
EPS in Rs 5.08 2.80 1.68 1.06 2.12 1.77 3.32 3.33 1.17
Dividend Payout % 20% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 1%
3 Years: 11%
TTM: 45%
Compounded Profit Growth
10 Years: %
5 Years: 2%
3 Years: -13%
TTM: -65%
Stock Price CAGR
10 Years: 12%
5 Years: 36%
3 Years: 58%
1 Year: 101%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 5%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 20 20 20 20 20 20 20 20 20
Reserves 34 39 35 69 72 74 84 89 91
111 131 139 82 96 98 94 105 134
26 43 35 8 13 15 18 22 31
Total Liabilities 191 233 229 179 201 207 216 235 275
74 104 90 71 72 67 64 80 81
CWIP 9 12 28 4 3 0 0 5 50
Investments 14 13 22 0 0 0 0 0 9
94 104 89 104 126 140 152 151 135
Total Assets 191 233 229 179 201 207 216 235 275

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-16 19 22 7 4 6 33 -10
-45 -40 -10 -5 -1 -27 -24 -19
59 23 -12 5 -9 -1 1 25
Net Cash Flow -3 1 -1 7 -6 -22 10 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 85 66 68 130 159 228 133 151 117
Inventory Days 231 265 114 215 277 582 281 828 241
Days Payable 57 111 75 19 26 53 29 86 38
Cash Conversion Cycle 258 220 108 326 410 757 385 893 320
Working Capital Days 191 142 123 279 304 479 300 524 330
ROCE % 11% 8% 7% 7% 8% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
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% 31.19% 31.18% 31.17% 31.18% 31.18% 31.17% 31.17%
No. of Shareholders 1,1541,1821,2631,4321,4301,3811,4051,4281,4331,4281,6571,666

Documents