Mahalaxmi Rubtech Ltd

₹ 215 -0.89%

01 Aug - close price

About

Incorporated in 1991, Mahalaxmi Rubtech Ltd does manufacturing and marketing of Traditional Textiles and Polymer based Technical Textiles & Rubber products^[1]

Key Points

Business Overview:^[1]^[2]
MRTL is a part of the Mahalaxmi Group. It is an ISO 9001:2000 certified research-based, technology-driven company that manufactures Offset printing Blankets, niche textile and Rubber products. Company is the only Indian manufacturer with inhouse facility from Yan to offset printing blanket. Company does weaving and processing of fabric (own and job work) and manufacturing of technical textiles (rubber offset printing blankets)

Website BSE NSE

Market Cap ₹ 229 Cr.
Current Price ₹ 215
High / Low ₹ 326 / 138
Stock P/E 13.6
Book Value ₹ 64.8
Dividend Yield 0.00 %
ROCE 30.2 %
ROE 27.6 %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 29.5% CAGR over last 5 years

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of -12.5% over past five years.
Company might be capitalizing the interest cost

* 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	45.14	48.82	48.54	46.84	19.15	50.13	19.04	19.88	20.96	20.60	23.62	25.02	22.88
	41.29	46.34	44.14	42.10	14.26	46.45	15.76	16.50	14.13	15.79	18.15	17.52	16.61
Operating Profit	3.85	2.48	4.40	4.74	4.89	3.68	3.28	3.38	6.83	4.81	5.47	7.50	6.27
OPM %	8.53%	5.08%	9.06%	10.12%	25.54%	7.34%	17.23%	17.00%	32.59%	23.35%	23.16%	29.98%	27.40%
	1.99	2.67	0.92	0.71	0.31	0.89	0.59	0.29	0.40	0.41	0.53	0.88	0.87
Interest	0.99	1.00	1.06	1.14	0.53	0.83	0.37	0.32	0.47	0.33	0.22	0.25	0.27
Depreciation	2.68	2.05	2.08	2.11	0.91	1.96	0.94	0.94	0.84	0.96	0.97	0.90	0.92
Profit before tax	2.17	2.10	2.18	2.20	3.76	1.78	2.56	2.41	5.92	3.93	4.81	7.23	5.95
Tax %	28.57%	25.24%	19.72%	19.09%	2.66%	29.21%	28.52%	19.92%	34.46%	17.30%	27.44%	25.17%	22.35%
	1.55	1.57	1.75	1.77	3.66	1.26	1.84	1.93	3.88	3.26	3.49	5.42	4.61
EPS in Rs	1.46	1.48	1.65	1.67	3.45	1.19	1.74	1.82	3.66	3.08	3.29	5.11	4.35
Raw PDF

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
	149	144	168	202	228	185	180	137	170	69	77	92
	137	132	155	188	214	169	163	119	155	53	59	68
Operating Profit	12	12	13	14	13	15	16	18	15	17	18	24
OPM %	8%	8%	8%	7%	6%	8%	9%	13%	9%	24%	24%	26%
	0	1	1	0	2	2	3	3	4	1	2	3
Interest	3	2	2	2	2	2	3	3	4	2	2	1
Depreciation	6	7	7	8	8	9	10	9	8	4	4	4
Profit before tax	3	4	5	5	6	6	6	8	7	12	15	22
Tax %	31%	33%	35%	33%	33%	20%	23%	22%	25%	12%	25%	23%
	2	3	3	3	4	5	5	6	5	11	11	17
EPS in Rs	2.60	3.31	3.50	3.40	3.31	3.71	3.62	4.59	5.11	10.27	10.41	15.83
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-4%
5 Years:	-13%
3 Years:	-18%
TTM:	20%

Compounded Profit Growth
10 Years:	20%
5 Years:	30%
3 Years:	48%
TTM:	52%

Stock Price CAGR
10 Years:	26%
5 Years:	59%
3 Years:	31%
1 Year:	8%

Return on Equity
10 Years:	10%
5 Years:	15%
3 Years:	23%
Last Year:	28%

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
Equity Capital	9	9	9	10	11	13	13	13	11	11	11	11
Reserves	36	39	42	53	60	70	75	81	66	31	42	58
	50	43	44	36	37	35	33	38	51	18	16	15
	25	29	42	49	58	54	54	41	53	12	13	15
Total Liabilities	120	120	136	148	168	172	175	173	180	72	82	98
	68	62	65	61	68	68	62	66	64	30	29	27
CWIP	1	2	0	1	4	2	11	1	1	0	1	2
Investments	0	0	0	0	0	0	0	0	3	0	0	0
	51	55	72	86	95	102	103	105	112	41	52	70
Total Assets	120	120	136	148	168	172	175	173	180	72	82	98

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	12	15	5	13	11	23	14	16	-3	17	14
	-2	-8	-5	-18	-6	-15	-15	-12	15	-8	-9
	-9	-0	3	5	2	-8	1	-10	-8	-4	-2
Net Cash Flow	2	7	2	0	8	0	0	-6	4	5	3

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	52	71	66	68	66	74	72	81	63	46	45	56
Inventory Days	94	86	103	91	84	129	125	145	146	203	156	138
Days Payable	72	103	134	117	113	154	158	160	186	85	54	92
Cash Conversion Cycle	73	54	36	42	36	49	39	67	23	164	147	101
Working Capital Days	26	26	11	13	15	18	10	11	-14	33	22	37
ROCE %	7%	7%	7%	7%	6%	7%	7%	9%	8%	15%	25%	30%

Shareholding Pattern

Numbers in percentages

1 Recently

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	66.68%	66.68%	64.80%	64.80%	64.80%	64.80%	64.80%	64.80%	64.80%	64.80%	64.80%	64.80%
	0.04%	0.53%	0.58%	0.00%	0.00%	0.00%	0.00%	0.57%	0.57%	0.09%	0.09%	0.12%
	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%
	33.20%	32.72%	34.54%	35.12%	35.13%	35.11%	35.10%	34.55%	34.56%	35.04%	35.04%	35.01%
No. of Shareholders	5,168	4,843	4,902	5,342	5,079	4,584	4,345	5,568	6,464	6,244	5,726	5,914

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Jun 2025
	62.04%	67.00%	71.58%	72.03%	72.40%	66.71%	64.80%	64.80%	64.80%	64.80%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.58%	0.00%	0.09%	0.12%
	0.08%	0.07%	0.06%	0.06%	0.06%	0.07%	0.07%	0.07%	0.07%	0.07%
	0.00%	0.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	37.88%	32.42%	28.36%	27.91%	27.54%	33.22%	34.54%	35.10%	35.04%	35.01%
No. of Shareholders	6,189	5,288	4,522	4,280	3,843	5,661	4,902	4,345	5,726	5,914

* 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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Mahalaxmi Rubtech Ltd

Mahalaxmi Rubtech Ltd

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Quarterly Results

Profit & Loss

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Cash Flows

Ratios

Shareholding Pattern

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