Mayur Leather Products Ltd

₹ 6.73 4.99%

01 Jan 2024

About

Incorporated in 1987, Mayur Leather Products Limited is engaged in manufacturing and export of leather shoe and shoe uppers.

Key Points

Product Profile:^[1]
Army Long Boots, Low Ankle Safety Shoes, High Ankle Safety Shoes, High Ankle Rubber Sole Safety Shoes, PU High Ankle Safety Shoes, PU Low Ankle Safety Shoes, Police and Army Oxfords, Rubber Sole Safety Boots, Low Ankle Rubber Sole Safety Shoes, PU Female Safety Shoes, Safety Shoe With Tongue Cover, Police and Army High Ankle Shoes, Women's Safety Shoes, School Shoes

Website BSE

Market Cap ₹ 3.25 Cr.
Current Price ₹ 6.73
High / Low ₹ 6.73 / 5.81
Stock P/E
Book Value ₹ 1.57
Dividend Yield 0.00 %
ROCE -2.08 %
ROE -61.6 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 4.28 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -54.7% over past five years.
Company has a low return on equity of -47.9% over last 3 years.
Company has high debtors of 487 days.
Working capital days have increased from 647 days to 1,795 days

* 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: Leather Industry: Leather / Leather Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Mar 2023	Jun 2023	Dec 2023	Mar 2024
	0.77	1.96	1.90	3.60	1.94	1.47	2.49	3.37	0.91	0.41	0.23	0.24	0.00
	1.95	2.56	2.36	3.20	1.89	2.07	2.97	2.94	1.68	2.22	0.40	0.49	-0.02
Operating Profit	-1.18	-0.60	-0.46	0.40	0.05	-0.60	-0.48	0.43	-0.77	-1.81	-0.17	-0.25	0.02
OPM %	-153.25%	-30.61%	-24.21%	11.11%	2.58%	-40.82%	-19.28%	12.76%	-84.62%	-441.46%	-73.91%	-104.17%
	0.23	0.13	0.21	0.10	0.15	0.13	0.38	0.07	0.28	1.40	0.07	0.20	0.15
Interest	0.07	0.10	0.10	0.12	0.10	0.10	0.13	0.17	0.14	0.13	0.15	0.40	0.11
Depreciation	0.08	0.07	0.07	0.07	0.06	0.07	0.11	0.06	0.07	0.07	0.07	0.17	0.03
Profit before tax	-1.10	-0.64	-0.42	0.31	0.04	-0.64	-0.34	0.27	-0.70	-0.61	-0.32	-0.62	0.03
Tax %	0.00%	0.00%	0.00%	3.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	-1.09	-0.65	-0.42	0.30	0.03	-0.64	-0.34	0.27	-0.70	-0.61	-0.32	-0.62	0.03
EPS in Rs	-2.25	-1.34	-0.87	0.62	0.06	-1.32	-0.70	0.56	-1.45	-1.26	-0.66	-1.28	0.06
Raw PDF

Upcoming result date: 16 December 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	21.75	23.10	28.07	32.12	24.01	18.06	12.61	9.66	8.23	9.27	3.46	0.24
	20.31	21.67	27.34	32.32	26.93	21.03	15.67	13.72	10.00	9.86	7.78	0.45
Operating Profit	1.44	1.43	0.73	-0.20	-2.92	-2.97	-3.06	-4.06	-1.77	-0.59	-4.32	-0.21
OPM %	6.62%	6.19%	2.60%	-0.62%	-12.16%	-16.45%	-24.27%	-42.03%	-21.51%	-6.36%	-124.86%	-87.50%
	0.54	0.89	1.09	1.40	1.55	1.30	1.75	4.13	0.64	0.72	2.15	0.35
Interest	0.43	0.36	0.53	0.64	0.53	0.81	0.82	0.83	0.40	0.50	0.55	0.53
Depreciation	0.37	0.38	0.60	0.40	0.40	0.40	0.38	0.34	0.29	0.30	0.26	0.20
Profit before tax	1.18	1.58	0.69	0.16	-2.30	-2.88	-2.51	-1.10	-1.82	-0.67	-2.98	-0.59
Tax %	43.22%	33.54%	27.54%	12.50%	-2.17%	1.04%	0.40%	6.36%	0.55%	0.00%	0.00%	0.00%
	0.68	1.05	0.49	0.15	-2.24	-2.91	-2.52	-1.17	-1.84	-0.67	-2.98	-0.59
EPS in Rs	1.41	2.17	1.01	0.31	-4.63	-6.02	-5.21	-2.42	-3.81	-1.39	-6.16	-1.22
Dividend Payout %	73.24%	47.43%	101.63%	332.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-37%
5 Years:	-55%
3 Years:	-69%
TTM:	-93%

Compounded Profit Growth
10 Years:	%
5 Years:	12%
3 Years:	18%
TTM:	74%

Stock Price CAGR
10 Years:	-11%
5 Years:	13%
3 Years:	-6%
1 Year:	16%

Return on Equity
10 Years:	-19%
5 Years:	-44%
3 Years:	-48%
Last Year:	-62%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	4.98	4.98	4.98	4.98	4.98	4.98	4.98	4.98	4.98	4.98	4.98	4.98
Reserves	10.68	11.16	11.14	10.71	8.47	5.56	3.04	1.86	0.02	-0.65	-3.63	-4.22
	2.94	4.70	6.85	6.99	5.82	8.93	7.50	6.80	7.14	3.41	4.53	4.92
	3.72	7.37	6.63	6.41	6.39	7.38	7.11	5.54	3.70	9.24	7.65	6.84
Total Liabilities	22.32	28.21	29.60	29.09	25.66	26.85	22.63	19.18	15.84	16.98	13.53	12.52
	3.95	3.53	3.52	3.29	2.44	3.54	3.22	2.15	1.92	2.89	2.52	2.28
CWIP	0.00	0.17	0.25	0.25	0.25	0.25	0.25	0.38	1.51	0.17	0.17	0.17
Investments	3.74	1.00	1.00	1.15	1.27	1.67	1.69	1.39	1.39	1.36	1.36	1.36
	14.63	23.51	24.83	24.40	21.70	21.39	17.47	15.26	11.02	12.56	9.48	8.71
Total Assets	22.32	28.21	29.60	29.09	25.66	26.85	22.63	19.18	15.84	16.98	13.53	12.52

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	1.84	-4.19	-0.47	-0.24	0.04	-2.05	1.72	-3.64	10.80	2.93	-0.15	-0.76
	0.29	3.43	0.43	0.70	0.85	-0.96	0.57	4.55	-10.76	0.86	-0.13	0.28
	-2.30	0.97	1.14	-0.91	-1.58	2.52	-2.17	-0.72	-0.22	-4.22	0.48	0.19
Net Cash Flow	-0.17	0.21	1.10	-0.45	-0.69	-0.48	0.12	0.19	-0.18	-0.43	0.20	-0.30

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	53.20	95.28	59.55	60.23	65.06	94.58	47.76	37.78	54.99	70.09	44.31	486.67
Inventory Days	63.31	115.78	108.54	114.86	71.07	99.06	134.58	127.46	130.48	89.75	67.85	1,063.26
Days Payable	49.19	92.72	70.24	74.48	61.76	24.37	42.92	124.08	88.75	93.03	383.89	5,792.39
Cash Conversion Cycle	67.32	118.34	97.85	100.61	74.37	169.28	139.43	41.16	96.73	66.80	-271.74	-4,242.46
Working Capital Days	179.23	246.02	214.16	189.09	202.64	266.98	273.53	327.22	272.75	91.74	54.86	1,794.58
ROCE %	8.94%	10.70%	5.57%	3.77%	-8.53%	-10.79%	-9.77%	-19.20%	-11.64%	-4.63%	-28.49%	-2.08%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	64.02%	64.02%	64.02%	64.02%	64.02%	64.02%	64.02%	64.02%	64.02%	64.02%	64.02%	64.02%
	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%
	35.49%	35.49%	35.49%	35.48%	35.48%	35.48%	35.48%	35.48%	35.48%	35.48%	35.48%	35.48%
No. of Shareholders	1,652	1,694	1,679	1,799	1,856	1,868	1,871	1,873	1,860	1,862	1,860	1,873

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	64.95%	64.02%	64.02%	64.02%	64.02%	64.02%	64.02%	64.02%	64.02%
	1.85%	0.00%	0.00%	0.49%	0.49%	0.49%	0.49%	0.49%	0.49%
	0.00%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	33.20%	35.66%	35.98%	35.49%	35.49%	35.49%	35.48%	35.48%	35.48%
No. of Shareholders	1,285	1,319	1,297	1,335	1,353	1,694	1,868	1,862	1,873

* 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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Mayur Leather Products Ltd

Mayur Leather Products Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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