Mayur Uniquoters Ltd

Mayur Uniquoters Ltd

₹ 655 0.24%
24 Jun - close price
About

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.

Key Points

Diversified Client Base
MUL has a diversified clientele across various industries and caters to the synthetic leather requirements of reputed players like Maruti Suzuki, Tata Motors, Mahindra & Mahindra, MG Motors, Honda Motorcycles, Bata, Relaxo, VKC, Paragon, Baggit, etc.
Generally, MUL sells its products to approved vendors of the OEMs, which in turn, supply the products to OEMs. MUL is one of the few approved vendors in Asia by global automotive OEMs, ie, Ford (the US), Chrysler (the US), and Mercedes Benz (South Africa). [1]

  • Market Cap 2,879 Cr.
  • Current Price 655
  • High / Low 696 / 454
  • Stock P/E 24.1
  • Book Value 197
  • Dividend Yield 0.31 %
  • ROCE 18.9 %
  • ROE 14.7 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 13.9% over last 3 years.
  • Dividend payout has been low at 9.93% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -3.04%

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
189 127 188 169 147 201 195 170 199 192 182 175 216
134 103 153 137 124 164 161 136 159 153 144 137 174
Operating Profit 55 24 35 32 23 37 34 33 40 39 38 38 42
OPM % 29% 19% 18% 19% 16% 18% 17% 20% 20% 20% 21% 22% 19%
5 6 4 2 8 5 4 5 2 8 8 9 6
Interest 2 1 1 1 1 0 0 1 1 1 1 1 1
Depreciation 5 5 5 5 5 5 5 5 7 7 7 7 7
Profit before tax 53 24 33 29 26 36 32 33 34 39 38 39 40
Tax % 25% 24% 24% 24% 24% 20% 22% 20% 20% 23% 25% 25% 19%
39 18 25 22 19 29 25 26 27 30 28 29 32
EPS in Rs 8.78 4.06 5.59 4.90 4.36 6.52 5.78 5.93 6.23 6.81 6.45 6.65 7.28
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
379 466 503 507 477 552 573 516 501 631 764 764
309 372 401 371 349 407 446 410 380 517 620 608
Operating Profit 69 94 102 136 127 145 128 107 120 114 144 156
OPM % 18% 20% 20% 27% 27% 26% 22% 21% 24% 18% 19% 20%
3 1 6 6 11 13 21 19 20 20 16 31
Interest 2 4 3 3 1 1 1 2 3 2 2 2
Depreciation 5 7 12 16 17 17 18 18 18 20 22 29
Profit before tax 64 84 93 122 121 140 130 106 118 111 135 155
Tax % 32% 32% 29% 32% 32% 33% 33% 24% 25% 24% 21% 23%
44 57 66 83 82 94 87 81 89 84 107 120
EPS in Rs 10.05 13.12 15.22 17.83 17.93 20.76 19.23 17.79 19.97 18.92 24.45 27.20
Dividend Payout % 24% 18% 20% 20% 6% 8% 17% 22% 10% 11% 8% 11%
Compounded Sales Growth
10 Years: 5%
5 Years: 6%
3 Years: 15%
TTM: 0%
Compounded Profit Growth
10 Years: 8%
5 Years: 7%
3 Years: 12%
TTM: 13%
Stock Price CAGR
10 Years: 6%
5 Years: 19%
3 Years: 8%
1 Year: 34%
Return on Equity
10 Years: 17%
5 Years: 14%
3 Years: 14%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11 11 22 23 23 23 23 23 22 22 22 22
Reserves 108 150 202 319 369 431 500 564 613 687 736 846
Preference Capital 0 0 59 0 0 0 0 0 0 0 0
25 42 45 26 12 6 22 34 41 30 25 15
70 98 143 73 76 75 80 84 93 81 91 79
Total Liabilities 213 300 411 441 480 535 625 705 769 820 874 962
55 98 136 135 128 132 124 161 194 220 241 232
CWIP 19 27 6 8 4 2 39 39 15 12 1 1
Investments 14 10 76 97 124 156 194 172 212 160 144 198
126 166 193 201 224 244 267 333 348 428 488 532
Total Assets 213 300 411 441 480 535 625 705 769 820 874 962

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
27 49 53 65 78 86 68 58 57 12 115 92
-36 -46 -94 -34 -26 -30 -71 -48 -19 17 -32 -78
8 0 53 -44 -46 -50 -3 -7 -37 -21 -66 -21
Net Cash Flow -1 3 12 -12 6 6 -7 4 1 8 17 -7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 54 53 66 89 99 88 76 98 113 90 93 112
Inventory Days 60 74 63 63 78 80 99 128 165 169 138 122
Days Payable 65 73 58 47 78 65 59 69 74 46 54 40
Cash Conversion Cycle 50 53 71 105 99 103 116 157 204 213 177 194
Working Capital Days 39 42 57 81 96 95 103 134 168 181 152 263
ROCE % 57% 51% 36% 36% 31% 33% 26% 18% 18% 16% 18%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.56% 59.87% 59.43% 59.43% 59.46% 59.11% 59.11% 59.11% 59.11% 58.52% 58.52% 58.52%
1.44% 1.52% 1.68% 1.57% 1.32% 1.55% 1.60% 1.80% 2.00% 2.40% 2.84% 2.84%
4.13% 4.76% 4.42% 4.32% 4.29% 7.23% 9.41% 9.75% 9.39% 9.68% 8.67% 6.44%
32.87% 33.85% 34.47% 34.69% 34.92% 32.11% 29.88% 29.35% 29.50% 29.40% 29.97% 32.21%
No. of Shareholders 29,56631,60633,32756,19538,80234,88334,29532,44831,76732,49333,68633,732

* 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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Documents

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