Mahalaxmi Rubtech Ltd
Incorporated in 1991, Mahalaxmi Rubtech Ltd does manufacturing and marketing of Traditional Textiles and Polymer based Technical Textiles & Rubber products[1]
- Market Cap ₹ 150 Cr.
- Current Price ₹ 141
- High / Low ₹ 259 / 106
- Stock P/E 16.5
- 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.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | 26% |
| 3 Years: | 5% |
| 1 Year: | -34% |
| 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 |
| Free Cash Flow | -0 | -4 | 5 | 11 | 10 | 2 | 3 |
| CFO/OP | 42% | 115% | 86% | 151% | 104% | 86% | 47% |
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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Export Sales as % of Total Sales % ・Standalone data |
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| Rubber/Technical Textiles Revenue Share % ・Standalone data |
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| Technical Textile Division Revenue ₹ crore ・Standalone data |
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| Installed Capacity - Fabric (Weaving) lakh meters p.a. ・Standalone data |
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| Installed Capacity - Fabric Processing lakh meters p.a. ・Standalone data |
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| Total Permanent Employees count ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
28 Jul - Mahalaxmi Rubtech appointed Rohit Periwal & Associates as Secretarial Auditors for FY27-FY29, subject to shareholder approval.
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Resignation Of Secretarial Auditor Of The Company
27 Jul - Malay Desai & Associates resigned as Secretarial Auditor on July 27, 2026; replacement appointment pending.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026.
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Clarification On Significant Movement In Share Price
30 Jun - Company says share price movement is market-driven and no undisclosed price-sensitive information exists.
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Clarification sought from Mahalaxmi Rubtech Ltd
30 Jun - Exchange has sought clarification from Mahalaxmi Rubtech Ltd on June 30, 2026 with reference to significant movement in price, in order to ensure that investors …
Annual reports
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Financial Year 2025
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Financial Year 2024
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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 2012
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Financial Year 2011
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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)