Mahalaxmi Rubtech Ltd
Mahalaxmi Rubtech Ltd. is a Textile manufacturing company and a part of the Mahalaxmi Group of Industries. It is engaged in the manufacturing and marketing of products of Traditional Textile and Technical Textile. Mahalaxmi Rubtech Limited is headquartered in Ahmedabad, India and all facilities are located within 50 Kms within each other [1] [2] [3]
- Market Cap ₹ 291 Cr.
- Current Price ₹ 274
- High / Low ₹ 308 / 103
- Stock P/E 32.3
- Book Value ₹ 77.8
- Dividend Yield 0.00 %
- ROCE 10.3 %
- ROE 8.13 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 3.52 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -0.48% over past five years.
- Company has a low return on equity of 6.63% over last 3 years.
- Earnings include an other income of Rs.6.58 Cr.
- Promoter holding has decreased over last 3 years: -5.12%
* 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: Textiles Industry: Textiles - 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 | TTM | |
---|---|---|---|---|---|---|---|
202 | 228 | 186 | 181 | 138 | 197 | 259 | |
188 | 214 | 170 | 164 | 121 | 179 | 239 | |
Operating Profit | 14 | 13 | 16 | 16 | 18 | 18 | 19 |
OPM % | 7% | 6% | 8% | 9% | 13% | 9% | 8% |
0 | 2 | 2 | 3 | 3 | 5 | 7 | |
Interest | 2 | 2 | 2 | 3 | 3 | 4 | 5 |
Depreciation | 8 | 8 | 9 | 10 | 9 | 9 | 9 |
Profit before tax | 5 | 6 | 6 | 6 | 8 | 10 | 12 |
Tax % | 33% | 33% | 20% | 23% | 22% | 26% | |
Net Profit | 3 | 4 | 5 | 5 | 6 | 7 | 9 |
EPS in Rs | 3.41 | 3.32 | 3.72 | 3.45 | 4.56 | 6.86 | 8.48 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | 2% |
TTM: | 38% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 16% |
TTM: | 33% |
Stock Price CAGR | |
---|---|
10 Years: | 24% |
5 Years: | 41% |
3 Years: | 113% |
1 Year: | 117% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 7% |
Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|
10 | 11 | 13 | 13 | 13 | 11 | 11 | |
Reserves | 49 | 58 | 70 | 75 | 81 | 68 | 72 |
36 | 37 | 35 | 33 | 38 | 55 | 62 | |
53 | 60 | 54 | 55 | 41 | 59 | 63 | |
Total Liabilities | 148 | 168 | 172 | 176 | 173 | 192 | 207 |
61 | 68 | 68 | 62 | 68 | 67 | 65 | |
CWIP | 1 | 4 | 2 | 11 | 1 | 1 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
86 | 95 | 102 | 104 | 103 | 124 | 142 | |
Total Assets | 148 | 168 | 172 | 176 | 173 | 192 | 207 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|
5 | 13 | 11 | 23 | 16 | 8 | |
-5 | -18 | -6 | -15 | -17 | -13 | |
3 | 5 | 2 | -8 | 1 | -1 | |
Net Cash Flow | 2 | 0 | 8 | 0 | 0 | -5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|
Debtor Days | 68 | 66 | 74 | 73 | 81 | 68 |
Inventory Days | 91 | 84 | 131 | 129 | 143 | 143 |
Days Payable | 117 | 113 | 152 | 161 | 156 | 173 |
Cash Conversion Cycle | 42 | 36 | 53 | 40 | 68 | 39 |
Working Capital Days | 45 | 47 | 62 | 48 | 79 | 60 |
ROCE % | 6% | 7% | 7% | 9% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Mar - Publication of Notice of Postal Ballot in Newspaper.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 13 Mar
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 13 Mar
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Announcement under Regulation 30 (LODR)-Meeting Updates
10 Mar - Regarding Re-appointment of Independent Director - Mr. Balveermal Kewalmal Singhvi (DIN: 05321014) beyond 75 years in his current term.
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
16 Feb - The Board of the Company in its Board Meeting held on today i.e. Thursday, February 16, 2023, at the Corporate Office of the Company, have …
Annual reports
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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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Financial Year 2010
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Company History
Mahalaxmi Rubtech Ltd was established in 1991 and was a manufacturer of textile chemicals, dyes and rubber industries. In 2008 it merged Mahalaxmi Fabric Mills Pvt Ltd started textile manufacturing and is also exporting its products. [1] [2]