Mahalaxmi Rubtech Ltd

Mahalaxmi Rubtec Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mahalaxmi Rubtech Ltd

₹ 204 -3.01%
15 Jan 2:00 p.m.
mrtglobal.com BSE: 514450 NSE: MHLXMIRU
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 - BE
  • Market Cap ₹ 216 Cr.
  • Current Price ₹ 204
  • High / Low ₹ 326 / 138
  • Stock P/E 23.7
  • Book Value ₹ 86.4
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 8.49 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 3.28% over past five years.
  • Company has a low return on equity of 7.73% over last 3 years.
  • 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

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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
39.13 56.29 35.24 45.98 50.00 66.09 59.54 66.77 66.25 74.93 65.19 70.03 74.76
34.05 50.65 31.63 41.95 46.03 59.98 56.28 62.02 60.90 69.57 61.00 65.05 69.57
Operating Profit 5.08 5.64 3.61 4.03 3.97 6.11 3.26 4.75 5.35 5.36 4.19 4.98 5.19
OPM % 12.98% 10.02% 10.24% 8.76% 7.94% 9.24% 5.48% 7.11% 8.08% 7.15% 6.43% 7.11% 6.94%
0.13 2.21 0.74 0.73 1.04 2.33 2.73 0.86 0.66 1.40 1.11 1.98 0.77
Interest 0.30 2.14 0.72 0.87 1.24 1.42 1.25 1.17 1.23 1.46 1.00 1.19 0.98
Depreciation 2.37 2.44 1.91 1.91 2.00 2.69 2.07 2.09 2.13 2.14 1.99 2.01 2.09
Profit before tax 2.54 3.27 1.72 1.98 1.77 4.33 2.67 2.35 2.65 3.16 2.31 3.76 2.89
Tax % 24.41% 22.63% 15.12% 30.30% 19.77% 29.79% 25.09% 20.43% 20.00% 21.52% 31.60% 25.53% 21.80%
1.92 2.53 1.46 1.37 1.43 3.03 2.01 1.86 2.11 2.47 1.57 2.81 2.26
EPS in Rs 1.44 1.90 1.10 1.03 1.35 2.86 1.90 1.75 1.99 2.33 1.48 2.65 2.13
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
202 228 186 181 138 197 267 285
188 214 170 164 121 179 249 265
Operating Profit 14 13 16 16 18 18 19 20
OPM % 7% 6% 8% 9% 13% 9% 7% 7%
0 2 2 3 3 5 6 5
Interest 2 2 2 3 3 4 5 5
Depreciation 8 8 9 10 9 9 8 8
Profit before tax 5 6 6 6 8 10 11 12
Tax % 33% 33% 20% 23% 22% 26% 22%
3 4 5 5 6 7 8 9
EPS in Rs 3.40 3.31 3.73 3.46 4.56 6.88 7.96 8.59
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 3%
3 Years: 14%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 16%
3 Years: 17%
TTM: 1%
Stock Price CAGR
10 Years: 24%
5 Years: 58%
3 Years: 61%
1 Year: 2%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 8%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 11 13 13 13 11 11 11
Reserves 53 60 70 75 81 68 77 81
36 37 35 33 38 55 56 52
49 58 54 55 41 59 67 70
Total Liabilities 148 168 172 176 173 192 210 214
61 68 68 62 68 67 64 62
CWIP 1 4 2 11 1 1 0 1
Investments 0 0 0 0 0 0 0 0
86 95 102 104 103 124 146 150
Total Assets 148 168 172 176 173 192 210 214

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 68 66 74 73 81 68 66
Inventory Days 91 84 131 129 143 143 132
Days Payable 117 113 152 161 156 173 147
Cash Conversion Cycle 42 36 53 40 68 39 51
Working Capital Days 45 47 62 48 79 60 63
ROCE % 6% 7% 7% 9% 10% 10%

Shareholding Pattern

Numbers in percentages

66 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
66.71% 66.71% 66.71% 66.68% 66.68% 64.80% 64.80% 64.80% 64.80% 64.80% 64.80% 64.80%
0.00% 0.00% 0.00% 0.04% 0.53% 0.58% 0.00% 0.00% 0.00% 0.00% 0.57% 0.57%
0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
33.22% 33.22% 33.22% 33.20% 32.72% 34.54% 35.12% 35.13% 35.11% 35.10% 34.55% 34.56%
No. of Shareholders 3,8525,6615,1135,1684,8434,9025,3425,0794,5844,3455,5686,464

* 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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