Mayur Uniquoters Ltd

Mayur Uniquoters Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mayur Uniquoters Ltd

₹ 509 -0.99%
25 Apr 4:01 p.m.
mayuruniquoters.com BSE: 522249 NSE : MAYURUNIQ
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]

Website BSE NSE
  • Market Cap ₹ 2,238 Cr.
  • Current Price ₹ 509
  • High / Low ₹ 618 / 445
  • Stock P/E 19.7
  • Book Value ₹ 184
  • Dividend Yield 0.39 %
  • ROCE 17.4 %
  • ROE 14.1 %
  • Face Value ₹ 5.00
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Pros

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

Cons

  • The company has delivered a poor sales growth of 6.36% over past five years.
  • Dividend payout has been low at 9.27% 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
170 178 118 196 180 162 200 204 178 193 201 203 178
124 130 101 156 143 132 166 170 144 158 162 160 143
Operating Profit 45 49 18 40 38 30 35 35 34 35 39 43 35
OPM % 27% 27% 15% 21% 21% 19% 17% 17% 19% 18% 20% 21% 20%
6 5 6 4 2 8 5 6 5 2 8 8 9
Interest 0 2 1 1 1 1 0 1 1 1 1 1 1
Depreciation 5 5 5 5 5 5 5 5 5 7 7 7 7
Profit before tax 46 47 18 39 34 33 34 35 33 29 40 43 36
Tax % 24% 26% 21% 24% 24% 23% 20% 23% 21% 20% 23% 24% 25%
35 35 14 30 26 25 27 27 27 23 31 32 27
EPS in Rs 7.73 7.78 3.14 6.62 5.81 5.59 6.17 6.18 6.04 5.32 6.95 7.38 6.21
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
491 474 570 591 528 513 656 776 775
361 347 420 462 424 391 531 637 623
Operating Profit 131 126 150 129 104 122 126 139 153
OPM % 27% 27% 26% 22% 20% 24% 19% 18% 20%
6 11 13 22 20 20 20 18 27
Interest 3 1 1 1 2 4 2 2 3
Depreciation 16 17 17 18 18 18 20 22 29
Profit before tax 117 120 145 132 104 120 123 132 148
Tax % 34% 32% 33% 32% 23% 25% 23% 21%
77 82 97 90 80 90 94 104 114
EPS in Rs 16.68 17.81 21.38 19.76 17.60 20.13 21.17 23.71 25.86
Dividend Payout % 21% 6% 7% 16% 23% 10% 9% 8%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 14%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: 1%
3 Years: 9%
TTM: 7%
Stock Price CAGR
10 Years: 5%
5 Years: 8%
3 Years: 2%
1 Year: 1%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 14%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 23 23 23 23 23 22 22 22 22
Reserves 312 364 427 495 555 601 685 732 786
26 12 6 22 34 41 31 25 20
74 75 77 80 84 93 84 92 73
Total Liabilities 435 474 532 620 696 757 822 871 901
135 128 132 128 165 194 220 242 236
CWIP 8 4 2 39 39 15 12 1 5
Investments 97 124 156 187 165 205 154 132 151
196 218 242 266 327 343 437 496 509
Total Assets 435 474 532 620 696 757 822 871 901

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
70 75 87 63 63 55 13 121
-33 -26 -30 -68 -48 -20 17 -32
-44 -46 -50 -3 -7 -38 -21 -67
Net Cash Flow -7 3 7 -8 9 -3 9 23

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 73 73 66 55 67 81 68 63
Inventory Days 85 117 109 125 160 212 207 182
Days Payable 49 82 69 60 72 79 51 57
Cash Conversion Cycle 109 108 106 120 155 214 224 187
Working Capital Days 75 88 86 96 118 152 173 143
ROCE % 32% 34% 27% 18% 19% 18% 17%

Shareholding Pattern

Numbers in percentages

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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