Mayur Leather Products Ltd

Mayur Leather Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mayur Leather Products Ltd

₹ 6.73 4.99%
01 Jan 2024
mayurgroups.com BSE: 531680
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 ₹ /
  • Stock P/E
  • Book Value ₹ 1.41
  • Dividend Yield 0.00 %
  • ROCE -2.08 %
  • ROE -61.6 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 4.79 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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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
2.49 3.37 0.91 1.66 0.99 0.41 0.23 0.01 0.00 0.00 0.00 0.00 0.00
2.97 2.94 1.68 2.27 2.50 2.22 0.40 0.07 0.03 -0.02 0.02 0.07 0.05
Operating Profit -0.48 0.43 -0.77 -0.61 -1.51 -1.81 -0.17 -0.06 -0.03 0.02 -0.02 -0.07 -0.05
OPM % -19.28% 12.76% -84.62% -36.75% -152.53% -441.46% -73.91% -600.00%
0.38 0.07 0.28 0.10 0.76 1.40 0.07 0.07 0.06 0.15 0.06 0.06 0.08
Interest 0.13 0.17 0.14 0.13 0.15 0.13 0.15 0.12 0.12 0.11 0.06 0.04 0.01
Depreciation 0.11 0.06 0.07 0.07 0.06 0.07 0.07 0.05 0.05 0.03 0.05 0.06 0.05
Profit before tax -0.34 0.27 -0.70 -0.71 -0.96 -0.61 -0.32 -0.16 -0.14 0.03 -0.07 -0.11 -0.03
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-0.34 0.27 -0.70 -0.71 -0.96 -0.61 -0.32 -0.16 -0.14 0.03 -0.07 -0.10 -0.03
EPS in Rs -0.70 0.56 -1.45 -1.47 -1.99 -1.26 -0.66 -0.33 -0.29 0.06 -0.14 -0.21 -0.06
Raw PDF

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 TTM
21.75 23.10 28.07 32.12 24.01 18.06 12.61 9.66 8.23 9.27 3.46 0.24 0.00
20.31 21.67 27.34 32.32 26.93 21.03 15.67 13.72 10.00 9.86 7.78 0.45 0.12
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 -0.12
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 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 0.22
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 0.19
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 -0.18
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 -0.17
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 -0.35
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: -100%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 18%
TTM: 79%
Stock Price CAGR
10 Years: -12%
5 Years: 16%
3 Years: -8%
1 Year: 0%
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 Sep 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 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 -4.30
2.94 4.70 6.85 6.99 5.82 8.93 7.50 6.80 7.14 3.41 4.53 4.92 4.95
3.72 7.37 6.63 6.41 6.39 7.38 7.11 5.54 3.70 9.24 7.65 6.84 6.15
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 11.78
3.95 3.53 3.52 3.29 2.44 3.54 3.22 2.15 1.92 2.89 2.52 2.28 2.35
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 0.00
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 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 8.07
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 11.78

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

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
64.02% 64.02% 64.02% 64.02% 64.02% 64.02% 64.02% 64.02% 64.02% 64.02% 64.02% 64.01%
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% 35.48% 35.48% 35.48% 35.48% 35.48% 35.48% 35.48% 35.48% 35.48% 35.48%
No. of Shareholders 1,6941,6791,7991,8561,8681,8711,8731,8601,8621,8601,8731,872

* 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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