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 ₹ 2,262 Cr.
- Current Price ₹ 514
- High / Low ₹ 618 / 445
- Stock P/E 19.7
- Book Value ₹ 184
- Dividend Yield 0.39 %
- ROCE 17.8 %
- ROE 14.4 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 6.71% over past five years.
- Company has a low return on equity of 13.6% over last 3 years.
- Dividend payout has been low at 9.59% 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: Plastic products Industry: Plastics Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
315 | 379 | 466 | 503 | 507 | 477 | 552 | 573 | 516 | 501 | 631 | 764 | 747 | |
262 | 309 | 372 | 401 | 371 | 349 | 407 | 446 | 410 | 380 | 517 | 620 | 593 | |
Operating Profit | 53 | 69 | 94 | 102 | 136 | 127 | 145 | 128 | 107 | 120 | 114 | 144 | 154 |
OPM % | 17% | 18% | 20% | 20% | 27% | 27% | 26% | 22% | 21% | 24% | 18% | 19% | 21% |
2 | 3 | 1 | 6 | 6 | 11 | 13 | 21 | 19 | 20 | 20 | 16 | 27 | |
Interest | 2 | 2 | 4 | 3 | 3 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 3 |
Depreciation | 4 | 5 | 7 | 12 | 16 | 17 | 17 | 18 | 18 | 18 | 20 | 22 | 29 |
Profit before tax | 49 | 64 | 84 | 93 | 122 | 121 | 140 | 130 | 106 | 118 | 111 | 135 | 150 |
Tax % | 32% | 32% | 32% | 29% | 32% | 32% | 33% | 33% | 24% | 25% | 24% | 21% | |
33 | 44 | 57 | 66 | 83 | 82 | 94 | 87 | 81 | 89 | 84 | 107 | 115 | |
EPS in Rs | 7.72 | 10.05 | 13.12 | 15.22 | 17.83 | 17.93 | 20.76 | 19.23 | 17.79 | 19.97 | 18.92 | 24.45 | 26.14 |
Dividend Payout % | 22% | 24% | 18% | 20% | 20% | 6% | 8% | 17% | 22% | 10% | 11% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 7% |
3 Years: | 14% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 2% |
3 Years: | 10% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | 5% |
5 Years: | 8% |
3 Years: | 7% |
1 Year: | 4% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 14% |
3 Years: | 14% |
Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 11 | 11 | 22 | 23 | 23 | 23 | 23 | 23 | 22 | 22 | 22 | 22 |
Reserves | 80 | 108 | 150 | 202 | 319 | 369 | 431 | 500 | 564 | 613 | 687 | 736 | 785 |
Preference Capital | 0 | 0 | 0 | 59 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
4 | 25 | 42 | 45 | 26 | 12 | 6 | 22 | 34 | 41 | 30 | 25 | 20 | |
69 | 70 | 98 | 143 | 73 | 76 | 75 | 80 | 84 | 93 | 81 | 91 | 71 | |
Total Liabilities | 159 | 213 | 300 | 411 | 441 | 480 | 535 | 625 | 705 | 769 | 820 | 874 | 898 |
45 | 55 | 98 | 136 | 135 | 128 | 132 | 124 | 161 | 194 | 220 | 241 | 236 | |
CWIP | 4 | 19 | 27 | 6 | 8 | 4 | 2 | 39 | 39 | 15 | 12 | 1 | 5 |
Investments | 12 | 14 | 10 | 76 | 97 | 124 | 156 | 194 | 172 | 212 | 160 | 144 | 163 |
98 | 126 | 166 | 193 | 201 | 224 | 244 | 267 | 333 | 348 | 428 | 488 | 494 | |
Total Assets | 159 | 213 | 300 | 411 | 441 | 480 | 535 | 625 | 705 | 769 | 820 | 874 | 898 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
29 | 27 | 49 | 53 | 65 | 78 | 86 | 68 | 58 | 57 | 12 | 115 | |
-23 | -36 | -46 | -94 | -34 | -26 | -30 | -71 | -48 | -19 | 17 | -32 | |
-11 | 8 | 0 | 53 | -44 | -46 | -50 | -3 | -7 | -37 | -21 | -66 | |
Net Cash Flow | -5 | -1 | 3 | 12 | -12 | 6 | 6 | -7 | 4 | 1 | 8 | 17 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 47 | 54 | 53 | 66 | 89 | 99 | 88 | 76 | 98 | 113 | 90 | 93 |
Inventory Days | 48 | 60 | 74 | 63 | 63 | 78 | 80 | 99 | 128 | 165 | 169 | 138 |
Days Payable | 75 | 65 | 73 | 58 | 47 | 78 | 65 | 59 | 69 | 74 | 46 | 54 |
Cash Conversion Cycle | 20 | 50 | 53 | 71 | 105 | 99 | 103 | 116 | 157 | 204 | 213 | 177 |
Working Capital Days | 12 | 39 | 42 | 57 | 81 | 96 | 95 | 103 | 134 | 168 | 181 | 152 |
ROCE % | 65% | 57% | 51% | 36% | 36% | 31% | 33% | 26% | 18% | 18% | 16% | 18% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 16 Apr
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Announcement under Regulation 30 (LODR)-Change in Directorate
11 Apr - Mrs. Tanuja Agarwal, Independent Director of the Company, cease to be a Director and member of all committees of the Board of the Company upon …
- Compliance Certificate Under Regulation 7(3) Of SEBI (Listing Obligations And Disclosure Requirement) Regulations, 2015 9 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2024.
Annual reports
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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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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024TranscriptPPT
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Nov 2023TranscriptPPT
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Nov 2023TranscriptPPT
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Aug 2023TranscriptPPT
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May 2023TranscriptPPT
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Feb 2023TranscriptPPT
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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
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]