Mayur Uniquoters Ltd
Mayur Uniquoters is primarily engaged in the business of manufacturing of Coated Textile Fabrics, artificial leather and PVC Vinyl which are widely used in different segments such as Footwear, Furnishings, Automotive OEM, Automotive replacement market, and Automotive Exports.
- Market Cap ₹ 2,166 Cr.
- Current Price ₹ 498
- High / Low ₹ 647 / 435
- Stock P/E 14.0
- Book Value ₹ 233
- Dividend Yield 1.00 %
- ROCE 20.7 %
- ROE 15.4 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 9.69% over past five 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 466 | 503 | 507 | 477 | 552 | 573 | 516 | 501 | 631 | 764 | 764 | 820 | 853 | |
| 372 | 401 | 371 | 349 | 407 | 446 | 410 | 380 | 517 | 620 | 608 | 639 | 660 | |
| Operating Profit | 94 | 102 | 136 | 127 | 145 | 128 | 107 | 120 | 114 | 144 | 156 | 181 | 193 |
| OPM % | 20% | 20% | 27% | 27% | 26% | 22% | 21% | 24% | 18% | 19% | 20% | 22% | 23% |
| 1 | 6 | 6 | 11 | 13 | 21 | 19 | 20 | 20 | 16 | 31 | 40 | 47 | |
| Interest | 4 | 3 | 3 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 2 | 2 | 1 |
| Depreciation | 7 | 12 | 16 | 17 | 17 | 18 | 18 | 18 | 20 | 22 | 29 | 29 | 29 |
| Profit before tax | 84 | 93 | 122 | 121 | 140 | 130 | 106 | 118 | 111 | 135 | 155 | 190 | 210 |
| Tax % | 32% | 29% | 32% | 32% | 33% | 33% | 24% | 25% | 24% | 21% | 23% | 26% | |
| 57 | 66 | 83 | 82 | 94 | 87 | 81 | 89 | 84 | 107 | 120 | 141 | 154 | |
| EPS in Rs | 13.12 | 15.22 | 17.83 | 17.93 | 20.76 | 19.23 | 17.79 | 19.97 | 18.92 | 24.45 | 27.20 | 32.45 | 35.49 |
| Dividend Payout % | 18% | 20% | 20% | 6% | 8% | 17% | 22% | 10% | 11% | 8% | 11% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 10% |
| 3 Years: | 9% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 12% |
| 3 Years: | 19% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 13% |
| 3 Years: | 3% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 14% |
| 3 Years: | 15% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 22 | 23 | 23 | 23 | 23 | 23 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 150 | 202 | 319 | 369 | 431 | 500 | 564 | 613 | 687 | 736 | 846 | 925 | 992 |
| 42 | 104 | 26 | 12 | 6 | 22 | 34 | 41 | 30 | 25 | 15 | 9 | 7 | |
| 98 | 84 | 73 | 76 | 75 | 80 | 84 | 93 | 81 | 91 | 79 | 90 | 112 | |
| Total Liabilities | 300 | 411 | 441 | 480 | 535 | 625 | 705 | 769 | 820 | 874 | 962 | 1,046 | 1,134 |
| 98 | 136 | 135 | 128 | 132 | 124 | 161 | 194 | 220 | 241 | 232 | 221 | 218 | |
| CWIP | 27 | 6 | 8 | 4 | 2 | 39 | 39 | 15 | 12 | 1 | 1 | 1 | 3 |
| Investments | 10 | 76 | 97 | 124 | 156 | 194 | 172 | 212 | 160 | 144 | 198 | 224 | 242 |
| 166 | 193 | 201 | 224 | 244 | 267 | 333 | 348 | 428 | 488 | 532 | 600 | 671 | |
| Total Assets | 300 | 411 | 441 | 480 | 535 | 625 | 705 | 769 | 820 | 874 | 962 | 1,046 | 1,134 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 49 | 53 | 65 | 78 | 86 | 68 | 58 | 57 | 12 | 115 | 92 | 159 | |
| -46 | -94 | -34 | -26 | -30 | -71 | -48 | -19 | 17 | -32 | -78 | -68 | |
| 0 | 53 | -44 | -46 | -50 | -3 | -7 | -37 | -21 | -66 | -21 | -70 | |
| Net Cash Flow | 3 | 12 | -12 | 6 | 6 | -7 | 4 | 1 | 8 | 17 | -7 | 21 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 53 | 66 | 89 | 99 | 88 | 76 | 98 | 113 | 90 | 93 | 112 | 109 |
| Inventory Days | 74 | 63 | 63 | 78 | 80 | 99 | 128 | 165 | 169 | 138 | 122 | 114 |
| Days Payable | 73 | 58 | 47 | 78 | 65 | 59 | 69 | 74 | 46 | 54 | 40 | 41 |
| Cash Conversion Cycle | 53 | 71 | 105 | 99 | 103 | 116 | 157 | 204 | 213 | 177 | 194 | 182 |
| Working Capital Days | 26 | 40 | 73 | 94 | 95 | 99 | 127 | 150 | 176 | 147 | 189 | 184 |
| ROCE % | 51% | 36% | 36% | 31% | 33% | 26% | 18% | 18% | 16% | 18% | 19% | 21% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
20 Nov - CARE reaffirms CARE AA/Stable and CARE A1+ for bank facilities; amounts Rs 5.90, 65.00, 20.00 Cr.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
15 Nov - Transcript of Earning Conference Call held on November 12, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 Nov - Audio recording posted of Q2/H1 FY2026 earnings call for period ended Sept 30, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 Nov - Newspaper Publication of Financial Results for the Quarter and Half year ended September 30, 2025.
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Announcement under Regulation 30 (LODR)-Change in Management
11 Nov - Approved Unaudited standalone and consolidated Q2/H1 results for Sep 30, 2025; three employees categorized as SMP.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Nov 2025TranscriptPPTREC
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Aug 2025TranscriptPPT
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Feb 2025TranscriptPPT
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Nov 2024TranscriptPPTREC
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Aug 2024TranscriptPPT
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May 2024TranscriptPPTREC
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Feb 2024TranscriptPPT
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Nov 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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Jun 2022TranscriptPPT
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Feb 2020TranscriptPPT
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Nov 2019TranscriptPPT
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Aug 2019TranscriptPPT
Product Portfolio
The company manufactures 400+ variants of artificial leather from PVC-coated and PU-coated fabric which finds application in footwear, automotive, furniture & fashion items, and leather goods. It is also engaged in the retail furnishing business under the brand name Texture and Hues via its WOS Mayur Tecfab. [1] [2]