Mahalaxmi Rubtech Ltd

₹ 205 1.08%

03 Jul 10:58 a.m.

About

Incorporated in 1991, Mahalaxmi Rubtech Ltd does manufacturing and marketing of Traditional Textiles and Polymer based Technical Textiles & Rubber products^[1]

Key Points

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)

Website BSE NSE

Market Cap ₹ 218 Cr.
Current Price ₹ 205
High / Low ₹ 291 / 101
Stock P/E 19.8
Book Value ₹ 49.9
Dividend Yield 0.00 %
ROCE 16.6 %
ROE 16.2 %
Face Value ₹ 10.0

Add ratio to table

Edit ratios

Pros

Company has reduced debt.
Company has delivered good profit growth of 20.0% CAGR over last 5 years
Debtor days have improved from 59.7 to 45.0 days.

Cons

Stock is trading at 4.06 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 -16.1% over past five years.
Company has a low return on equity of 8.83% over last 3 years.
Company might be capitalizing the interest cost
Promoter holding has decreased over last 3 years: -7.60%

* 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

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	55.68	35.01	43.74	45.76	45.14	48.82	48.54	46.84	19.15	50.13	53.32	19.88	20.96
	50.04	31.44	39.92	42.05	41.29	46.34	44.14	42.10	14.26	46.45	49.18	16.50	14.13
Operating Profit	5.64	3.57	3.82	3.71	3.85	2.48	4.40	4.74	4.89	3.68	4.14	3.38	6.83
OPM %	10.13%	10.20%	8.73%	8.11%	8.53%	5.08%	9.06%	10.12%	25.54%	7.34%	7.76%	17.00%	32.59%
	2.21	0.74	0.73	1.04	1.99	2.67	0.92	0.71	0.31	0.89	1.65	0.29	0.40
Interest	2.09	0.72	0.87	1.18	0.99	1.00	1.06	1.14	0.53	0.83	0.89	0.32	0.47
Depreciation	2.44	1.91	1.91	2.00	2.68	2.05	2.08	2.11	0.91	1.96	1.98	0.94	0.84
Profit before tax	3.32	1.68	1.77	1.57	2.17	2.10	2.18	2.20	3.76	1.78	2.92	2.41	5.92
Tax %	22.59%	14.29%	29.38%	24.20%	28.57%	25.24%	19.72%	19.09%	2.66%	29.21%	25.00%	19.92%	34.46%
	2.57	1.44	1.25	1.19	1.55	1.57	1.75	1.77	3.66	1.26	2.20	1.93	3.88
EPS in Rs	1.93	1.08	0.94	1.12	1.46	1.48	1.65	1.67	3.45	1.19	2.08	1.82	3.66
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
	122	149	144	168	202	228	185	180	137	170	200	77
	113	137	132	155	188	214	169	163	119	155	186	59
Operating Profit	9	12	12	13	14	13	15	16	18	15	14	18
OPM %	7%	8%	8%	8%	7%	6%	8%	9%	13%	9%	7%	24%
	1	0	1	1	0	2	2	3	3	4	6	2
Interest	2	3	2	2	2	2	2	3	3	4	4	2
Depreciation	5	6	7	7	8	8	9	10	9	8	8	4
Profit before tax	3	3	4	5	5	6	6	6	8	7	7	15
Tax %	31%	31%	33%	35%	33%	33%	20%	23%	22%	25%	20%	25%
	2	2	3	3	3	4	5	5	6	5	6	11
EPS in Rs	2.51	2.60	3.31	3.50	3.40	3.31	3.71	3.62	4.59	5.11	5.49	10.41
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-6%
5 Years:	-16%
3 Years:	-17%
TTM:	-62%

Compounded Profit Growth
10 Years:	17%
5 Years:	20%
3 Years:	22%
TTM:	148%

Stock Price CAGR
10 Years:	25%
5 Years:	49%
3 Years:	79%
1 Year:	62%

Return on Equity
10 Years:	7%
5 Years:	8%
3 Years:	9%
Last Year:	16%

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	9	9	9	9	10	11	13	13	13	11	11	11
Reserves	34	36	39	42	49	58	70	75	81	66	72	42
	48	50	43	44	36	37	35	33	38	51	44	16
	31	25	29	42	53	60	54	54	41	53	61	13
Total Liabilities	122	120	120	136	148	168	172	175	173	180	188	82
	65	68	62	65	61	68	68	62	66	64	61	29
CWIP	4	1	2	0	1	4	2	11	1	1	0	1
Investments	0	0	0	0	0	0	0	0	0	3	3	0
	52	51	55	72	86	95	102	103	105	112	124	52
Total Assets	122	120	120	136	148	168	172	175	173	180	188	82

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	12	15	5	13	11	23	14	16	7	17
	-2	-8	-5	-18	-6	-15	-15	-12	13	-8
	-9	-0	3	5	2	-8	1	-10	-11	-4
Net Cash Flow	2	7	2	0	8	0	0	-6	10	5

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	51	52	71	66	68	66	74	72	81	63	71	45
Inventory Days	139	94	86	103	91	84	129	125	145	146	148	156
Days Payable	115	72	103	134	117	113	154	158	160	186	175	54
Cash Conversion Cycle	74	73	54	36	42	36	49	39	67	23	43	147
Working Capital Days	55	55	54	41	45	47	63	49	86	58	62	84
ROCE %	5%	7%	7%	7%	7%	6%	7%	7%	9%	8%	8%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	72.40%	72.40%	66.71%	66.71%	66.71%	66.68%	66.68%	64.80%	64.80%	64.80%	64.80%	64.80%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.53%	0.58%	0.00%	0.00%	0.00%	0.00%
	0.06%	0.06%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%
	27.54%	27.54%	33.22%	33.22%	33.22%	33.20%	32.72%	34.54%	35.12%	35.13%	35.11%	35.10%
No. of Shareholders	3,904	3,949	3,852	5,661	5,113	5,168	4,843	4,902	5,342	5,079	4,584	4,345

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	62.04%	67.00%	71.58%	72.03%	72.40%	66.71%	64.80%	64.80%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.58%	0.00%
	0.08%	0.07%	0.06%	0.06%	0.06%	0.07%	0.07%	0.07%
	0.00%	0.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	37.88%	32.42%	28.36%	27.91%	27.54%	33.22%	34.54%	35.10%
No. of Shareholders	6,189	5,288	4,522	4,280	3,843	5,661	4,902	4,345

* 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.

Click on the line-items to see the names of individual entities.

Mahalaxmi Rubtech Ltd

Mahalaxmi Rubtech Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings