Mohite Industries Ltd

₹ 21.0 2.19%
05 Dec 4:01 p.m.
About

Business Overview
Mohite Industries Ltd. (formerly known as R M Mohite Industries Limited) was into the business of construction of earthen dams. The co. later diversified, and is now engaged in manufacturing and sale of Cotton Yarn and Generation of Electricity through Hydro Power Project. Mr. Shivaji R. Mohite is the Managing Director of the co.[1] [2][3]

Key Points

Revenue
Manufacturing Cotton Yarn: 89% (Exports ~100% )
Generation of HydroElectric Power: 11% [1][2]

  • Market Cap 42.2 Cr.
  • Current Price 21.0
  • High / Low 30.4 / 16.5
  • Stock P/E 6.50
  • Book Value 52.9
  • Dividend Yield 0.00 %
  • ROCE 8.09 %
  • ROE 6.72 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.40 times its book value
  • Debtor days have improved from 173 to 133 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company has a low return on equity of 5.13% over last 3 years.
  • Promoters have pledged 66.3% of their holding.

* 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

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 25.01 42.49 1.25 17.54 26.17 45.14 23.28 53.31 36.43 44.86 24.17 18.38
24.94 21.30 38.26 0.50 13.82 21.92 36.33 20.36 47.72 31.89 39.59 20.46 14.66
Operating Profit 4.19 3.71 4.23 0.75 3.72 4.25 8.81 2.92 5.59 4.54 5.27 3.71 3.72
OPM % 14.38% 14.83% 9.96% 60.00% 21.21% 16.24% 19.52% 12.54% 10.49% 12.46% 11.75% 15.35% 20.24%
-0.00 1.94 0.74 0.01 -0.00 1.66 0.06 1.16 0.03 0.04 1.66 0.97 0.10
Interest 2.11 2.21 2.31 -0.00 1.57 4.59 3.06 2.20 2.68 2.19 2.14 2.08 2.04
Depreciation 1.81 1.92 0.46 1.47 1.43 1.25 1.39 1.24 1.24 1.29 1.32 1.15 1.07
Profit before tax 0.27 1.52 2.20 -0.71 0.72 0.07 4.42 0.64 1.70 1.10 3.47 1.45 0.71
Tax % -0.00% -0.00% -1.82% -0.00% -0.00% -0.00% 4.07% -0.00% -0.00% -0.00% 6.92% -0.00% -0.00%
Net Profit 0.27 1.52 2.24 -0.71 0.72 0.07 4.24 0.65 1.70 1.10 3.23 1.46 0.70
EPS in Rs 0.13 0.76 1.11 -0.35 0.36 0.03 2.11 0.32 0.85 0.55 1.61 0.73 0.35
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 TTM
142 180 177 116 122 92 161 124
127 161 166 97 103 73 139 107
Operating Profit 16 19 11 20 19 18 21 17
OPM % 11% 11% 6% 17% 15% 20% 13% 14%
11 8 11 0 0 0 0 3
Interest 7 11 11 11 9 9 10 8
Depreciation 6 7 7 7 6 6 5 5
Profit before tax 14 10 5 2 4 4 7 7
Tax % 29% 41% 34% -5% -1% 5% 3%
Net Profit 10 6 3 2 4 4 7 6
EPS in Rs 5.08 2.80 1.68 1.06 2.12 1.77 3.32 3.24
Dividend Payout % 20% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 11%
TTM: -16%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 46%
TTM: -3%
Stock Price CAGR
10 Years: 1%
5 Years: 11%
3 Years: 26%
1 Year: 19%
Return on Equity
10 Years: %
5 Years: %
3 Years: 5%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
20 20 20 20 20 20 20 20
Reserves 34 39 35 69 72 74 84 86
111 131 139 82 96 98 110 139
26 43 35 8 13 15 18 19
Total Liabilities 191 233 229 179 201 207 232 264
74 104 90 71 72 67 64 62
CWIP 9 12 28 4 3 -0 -0 57
Investments 14 13 22 0 0 0 0 0
94 104 89 104 126 140 169 145
Total Assets 191 233 229 179 201 207 232 264

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-16 19 22 7 4 0
-45 -40 -10 -5 -1 -5
59 23 -12 5 -9 5
Net Cash Flow -3 1 -1 7 -6 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 85 66 68 130 159 228 133
Inventory Days 231 265 114 215 277 582 281
Days Payable 57 111 75 19 26 53 29
Cash Conversion Cycle 258 220 108 326 410 757 385
Working Capital Days 191 142 123 279 304 479 337
ROCE % 12% 8% 7% 7% 8%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 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 31.18 31.19

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