Mohit Industries Ltd

Mohit Industries Ltd

₹ 23.0 -3.36%
23 Feb - close price
About

Incorporated in 1991, Mohit Industries
Ltd manufactures Texturized Yarn from
POY and weaving of the Yarn to Grey Cloth[1]

Key Points

Product Profile:
a) Textile:[1]
Company is a manufacturer of yarn Texturising and Weaving
b) Yarns:[2]
Company manufactures all types of counts from a range of 50 to 300 depending on the requirement of the clients.
c) Grey:[3]
Suiting, Shirting, Laser, Georgette, Hi-
Multi, Satin Georgette, American Crepe,
French Crepe, Gaberdin, Black-Out, BSY
Moss, BSY Twill, Blackberry, Nakab/ Dupatta

  • Market Cap 32.7 Cr.
  • Current Price 23.0
  • High / Low 24.9 / 11.0
  • Stock P/E
  • Book Value 155
  • Dividend Yield 0.00 %
  • ROCE 1.49 %
  • ROE -0.92 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.15 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.23% over past five years.
  • Company has a low return on equity of -0.26% over last 3 years.
  • Contingent liabilities of Rs.38.8 Cr.
  • Earnings include an other income of Rs.2.39 Cr.

* 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 - Processing

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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
44.67 54.10 40.57 43.32 44.90 37.86 35.23 44.64 41.88 45.44 36.76 38.79 29.54
41.50 50.81 39.80 44.35 40.19 37.35 35.19 42.88 41.28 45.69 36.26 39.03 29.05
Operating Profit 3.17 3.29 0.77 -1.03 4.71 0.51 0.04 1.76 0.60 -0.25 0.50 -0.24 0.49
OPM % 7.10% 6.08% 1.90% -2.38% 10.49% 1.35% 0.11% 3.94% 1.43% -0.55% 1.36% -0.62% 1.66%
0.25 1.19 1.03 3.20 -3.21 2.20 0.82 -0.24 0.35 1.81 0.19 0.18 0.21
Interest 1.37 1.40 1.39 0.98 1.00 1.82 0.86 0.99 1.12 1.48 1.12 0.81 1.02
Depreciation 0.79 0.46 0.66 0.67 0.67 0.63 0.43 0.43 0.43 0.44 0.36 0.36 0.36
Profit before tax 1.26 2.62 -0.25 0.52 -0.17 0.26 -0.43 0.10 -0.60 -0.36 -0.79 -1.23 -0.68
Tax % -5.56% 17.56% 20.00% 23.08% 23.53% 19.23% -0.00% 30.00% 8.33% -58.33% 16.46% 22.76% 38.24%
1.31 2.16 -0.19 0.39 -0.10 0.02 -0.39 0.08 -0.47 -0.67 -0.66 -0.96 -0.42
EPS in Rs 0.92 1.52 -0.13 0.27 -0.07 0.01 -0.27 0.06 -0.33 -0.47 -0.46 -0.68 -0.30
Raw PDF

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
136 153 157 191 175 149 167 167 151
123 141 147 182 167 142 162 165 150
Operating Profit 12 11 11 9 8 7 5 2 0
OPM % 9% 8% 7% 5% 4% 5% 3% 1% 0%
2 2 2 4 3 2 3 3 2
Interest 7 7 8 9 7 6 5 4 4
Depreciation 4 4 4 4 3 2 3 2 2
Profit before tax 3 2 1 1 0 1 0 -1 -3
Tax % 31% 1% 59% -13% -93% 35% 22% -15%
2 2 0 1 -0 1 0 -1 -3
EPS in Rs 1.53 1.37 0.31 0.49 -0.04 0.49 0.08 -1.01 -1.91
Dividend Payout % 65% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 1%
3 Years: -1%
TTM: -6%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -257%
Stock Price CAGR
10 Years: -2%
5 Years: 23%
3 Years: 45%
1 Year: 60%
Return on Equity
10 Years: %
5 Years: 0%
3 Years: 0%
Last Year: -1%

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 14 14 14 14 14 14 14 14 14
Reserves 15 36 54 21 19 39 124 166 207
64 69 67 61 51 51 52 56 51
14 6 8 14 10 8 9 5 5
Total Liabilities 107 124 143 110 93 112 199 242 277
28 31 33 30 27 25 23 21 21
CWIP 2 4 -0 -0 -0 -0 -0 -0 -0
Investments 5 24 42 9 6 26 115 159 201
72 65 68 71 60 61 61 62 55
Total Assets 107 124 143 110 93 112 199 242 277

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
3 2 2 14 9 2 -1 -5
-7 -6 -3 -7 0 -0 -0 1
4 4 1 -7 -8 -2 2 4
Net Cash Flow -0 0 -0 0 0 -0 -0 -0

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 71 56 62 47 34 43 42 39
Inventory Days 78 55 74 58 58 71 66 68
Days Payable 24 2 12 24 17 15 17 8
Cash Conversion Cycle 126 109 124 81 75 99 92 99
Working Capital Days 136 131 140 107 104 134 117 126
ROCE % 8% 7% 8% 8% 7% 4% 1%

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
54.10% 54.10% 54.32% 54.32% 54.32% 54.32% 54.32% 54.32% 54.32% 54.32% 54.32% 54.32%
45.89% 45.89% 45.68% 45.68% 45.68% 45.68% 45.68% 45.69% 45.67% 45.69% 45.68% 45.68%
No. of Shareholders 9,1649,3129,0649,1519,4399,5509,4299,1289,0159,0739,2108,943

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