Mahalaxmi Rubtech Ltd

Mahalaxmi Rubtech Ltd

₹ 166 0.10%
12 Mar - 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)

  • Market Cap 162 Cr.
  • Current Price 166
  • High / Low 272 / 155
  • Stock P/E 17.8
  • Book Value 86.4
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 8.49 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 3.28% over past five years.
  • Company has a low return on equity of 7.73% over last 3 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.

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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
39.13 56.29 35.24 45.98 50.00 66.09 59.54 66.77 66.25 74.93 65.19 70.03 74.76
34.05 50.65 31.63 41.95 46.03 59.98 56.28 62.02 60.90 69.57 61.00 65.05 69.57
Operating Profit 5.08 5.64 3.61 4.03 3.97 6.11 3.26 4.75 5.35 5.36 4.19 4.98 5.19
OPM % 12.98% 10.02% 10.24% 8.76% 7.94% 9.24% 5.48% 7.11% 8.08% 7.15% 6.43% 7.11% 6.94%
0.13 2.21 0.74 0.73 1.04 2.33 2.73 0.86 0.66 1.40 1.11 1.98 0.77
Interest 0.30 2.14 0.72 0.87 1.24 1.42 1.25 1.17 1.23 1.46 1.00 1.19 0.98
Depreciation 2.37 2.44 1.91 1.91 2.00 2.69 2.07 2.09 2.13 2.14 1.99 2.01 2.09
Profit before tax 2.54 3.27 1.72 1.98 1.77 4.33 2.67 2.35 2.65 3.16 2.31 3.76 2.89
Tax % 24.41% 22.63% 15.12% 30.30% 19.77% 29.79% 25.09% 20.43% 20.00% 21.52% 31.60% 25.53% 21.80%
1.92 2.53 1.46 1.37 1.43 3.03 2.01 1.86 2.11 2.47 1.57 2.81 2.26
EPS in Rs 1.44 1.90 1.10 1.03 1.35 2.86 1.90 1.75 1.99 2.33 1.48 2.65 2.13
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
202 228 186 181 138 197 267 285
188 214 170 164 121 179 249 265
Operating Profit 14 13 16 16 18 18 19 20
OPM % 7% 6% 8% 9% 13% 9% 7% 7%
0 2 2 3 3 5 6 5
Interest 2 2 2 3 3 4 5 5
Depreciation 8 8 9 10 9 9 8 8
Profit before tax 5 6 6 6 8 10 11 12
Tax % 33% 33% 20% 23% 22% 26% 22%
3 4 5 5 6 7 8 9
EPS in Rs 3.40 3.31 3.73 3.46 4.56 6.88 7.96 8.59
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 14%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 16%
3 Years: 17%
TTM: 1%
Stock Price CAGR
10 Years: 21%
5 Years: 42%
3 Years: -6%
1 Year: -21%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 8%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 11 13 13 13 11 11 11
Reserves 53 60 70 75 81 68 77 81
36 37 35 33 38 55 56 52
49 58 54 55 41 59 67 70
Total Liabilities 148 168 172 176 173 192 210 214
61 68 68 62 68 67 64 62
CWIP 1 4 2 11 1 1 0 1
Investments 0 0 0 0 0 0 0 0
86 95 102 104 103 124 146 150
Total Assets 148 168 172 176 173 192 210 214

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5 13 11 23 16 8 6
-5 -18 -6 -15 -17 -13 9
3 5 2 -8 1 -1 -7
Net Cash Flow 2 0 8 0 0 -5 9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 68 66 74 73 81 68 66
Inventory Days 91 84 131 129 143 143 132
Days Payable 117 113 152 161 156 173 147
Cash Conversion Cycle 42 36 53 40 68 39 51
Working Capital Days 13 15 18 10 5 -10 -2
ROCE % 6% 7% 7% 9% 10% 10%

Insights

In beta
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Trade Receivables Turnover
Times

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Export Share of Total Sales
%
Revenue from Rubber / Technical Textile Products
INR Lakhs
Traditional Textile Segment Contribution to Revenue
%
Number of Permanent Employees
Absolute ・Standalone data
Installed Processing Capacity (Fabric)
Lakh Meters Per Annum ・Standalone data
Installed Weaving Capacity (Fabric)
Lakh Meters Per Annum ・Standalone data

Shareholding Pattern

Numbers in percentages

16 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
64.80% 64.80% 64.80% 64.80% 64.80% 64.80% 64.80% 64.80% 64.80% 64.80% 64.80% 64.80%
0.58% 0.00% 0.00% 0.00% 0.00% 0.57% 0.57% 0.09% 0.09% 0.12% 0.09% 0.10%
0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
34.54% 35.12% 35.13% 35.11% 35.10% 34.55% 34.56% 35.04% 35.04% 35.01% 35.01% 35.02%
No. of Shareholders 4,9025,3425,0794,5844,3455,5686,4646,2445,7265,7065,7065,619

* 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.

Click on the line-items to see the names of individual entities.

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