Check Before You Invest : Mayur Leather Products Ltd

Q: Which industry/sub-sector does Mayur Leather Products Ltd belong to?

Mayur Leather Products Ltd belongs to the FMCG sector, operating specifically within the Footwear segment.

Q: Is Mayur Leather Products Ltd a good quality company?

Mayur Leather Products Ltd is a quality company, based on a multi-year financial track record. This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q: Is Mayur Leather Products Ltd undervalued or overvalued?

Mayur Leather Products Ltd appears Overvalued, as its key valuation ratios are higher than their past averages. Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more. Valuation Ratios. Price to Earnings, Current: 8.42, Historic Median: -. Price to Book, Current: 6.06, Historic Median: 0.83. Price to Sales, Current: -, Historic Median: 0.40. EV to EBITDA, Current: 20, Historic Median: -7.49

Q: Is Mayur Leather Products Ltd a good buy now?

Mayur Leather Products Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Q: Revenue growth of Mayur Leather Products Ltd?

Mayur Leather Products Ltd revenue growth is -100% for FY-2025, which is in line with its 5-year CAGR of -100%, indicating stable growth.

Q: Gross Profit margin of Mayur Leather Products Ltd?

Mayur Leather Products Ltd Gross profit margin which is the profit after deduction of direct costs, is -184.2% for FY-2025, which is below its 5-year median of -34.1%, indicating decreasing margins.

Q: Operating Profit Margin of Mayur Leather Products Ltd?

Mayur Leather Products Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 0% for FY-2025, which is above its 5-year median of -42.12% indicating increasing margins.

Q: Net Profit Margin of Mayur Leather Products Ltd?

Mayur Leather Products Ltd Net Profit Margin is -% for FY-2025, is above its 5-year median of -22.33%, indicating increasing margins. Profitability Metrics. Gross Profit Margin (%), Current: -184.2, Historic Median: -34.1. Operating Profit Margin (%), Current: -, Historic Median: -42.12. Net Profit Margin (%), Current: -, Historic Median: -22.33

Q: Return on Asset of Mayur Leather Products Ltd?

Mayur Leather Products Ltd Return on Asset is 0.73%, which is above its 5-year historical median of -4.51%, indicating improved asset utilization efficiency.

Q: Return on capital employed (ROCE) of Mayur Leather Products Ltd?

Mayur Leather Products Ltd Return on capital employed is 4.94% for FY-2025, which is above its 5-year historical median of -1.73%. The current ROCE is below its estimated weighted average cost of capital (WACC) of 14%, indicating value preservation.

Snapshot

Q.1 Which industry/sub-sector does Mayur Leather Products Ltd belong to?

Mayur Leather Products Ltd belongs to the FMCG sector, operating specifically within the Footwear segment.

Q.2 Is Mayur Leather Products Ltd a good quality company?

Mayur Leather Products Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Mayur Leather Products Ltd undervalued or overvalued?

Mayur Leather Products Ltd appears Overvalued, as its key valuation ratios are higher than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios	Current	5-year Historic Median
Price to Earnings	8.42	-
Price to Book	6.06	0.83
Price to Sales	-	0.40
EV to EBITDA	20	-7.49

Q.4 Is Mayur Leather Products Ltd a good buy now?

Mayur Leather Products Ltd is not a good buy now, based on weak price trend analysis suggesting prices may fall. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Mayur Leather Products Ltd?

Mayur Leather Products Ltd revenue growth is -100% for FY-2025, which is in line with its 5-year CAGR of -100%, indicating stable growth.

Q.2 Gross Profit margin of Mayur Leather Products Ltd?

Mayur Leather Products Ltd Gross profit margin which is the profit after deduction of direct costs, is -184.2% for FY-2025, which is below its 5-year median of -34.1%, indicating decreasing margins.

Q.3 Operating Profit Margin of Mayur Leather Products Ltd?

Mayur Leather Products Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 0% for FY-2025, which is above its 5-year median of -42.12% indicating increasing margins.

Q.4 Net Profit Margin of Mayur Leather Products Ltd?

Mayur Leather Products Ltd Net Profit Margin is -% for FY-2025, is above its 5-year median of -22.33%, indicating increasing margins.

	Current Level	5-year Historic Median
Gross Profit Margin (%)	-184.2	-34.1
Operating Profit Margin (%)	-	-42.12
Net Profit Margin (%)	-	-22.33

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Mayur Leather Products Ltd?

Mayur Leather Products Ltd Return on Asset is 0.73%, which is above its 5-year historical median of -4.51%, indicating improved asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Mayur Leather Products Ltd?

Mayur Leather Products Ltd Return on capital employed is 4.94% for FY-2025, which is above its 5-year historical median of -1.73%. The current ROCE is below its estimated weighted average cost of capital (WACC) of 14%, indicating value preservation.

Q.7 Return on Equity (ROE) of Mayur Leather Products Ltd?

Mayur Leather Products Ltd Return on equity is 13.78% for FY-2025, which is above its 5-year historical median of -31.89%, indicating the business is making better use of its shareholders capital.

C: How much debt does the business have and is it at a sustainable level?

Q.8 Debt to Equity ratio of Mayur Leather Products Ltd?

Mayur Leather Products Ltd Debt-to-Equity ratio is 5.04, which is above the industry average of 0.21, indicating higher debt levels in the industry.

Q.9 Debt to cash flow from operations of Mayur Leather Products Ltd?

Mayur Leather Products Ltd Debt to cash flow from operations is -5.67, which is at a unhealthy level.

Ownership & governance

D: Promoter shareholding and pledge status of Mayur Leather Products Ltd?

Q.1 Promoter shareholding and pledge status of Mayur Leather Products Ltd?

Promoters hold 40.69% of the Mayur Leather Products Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Mayur Leather Products Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Mayur Leather Products Ltd vs industry peers?

Mayur Leather Products Ltd revenue CAGR is -100.00%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.

Profit Metrics

	Current Level	5-year Industry Median
Revenue Growth (%)	-100	0
Gross Profit Growth (%)	0	-0.7
Operating Profit Growth (%)	0	-1.3
Net Profit Growth (%)	0	0.1

Operating Efficiency

	Current Level	5-year Industry Median
Asset Turnover (x)	-	1
ROE (%)	13.78	5.51
ROCE (%)	4.94	8.91
Cash Conversion Cycle (days)	-	78

Valuation & price assessment

Q.1 Stock return of Mayur Leather Products Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of -0.7% based on the current price.

	9Y	5Y	3Y	1Y
Share Price CAGR	-0.7%	19.2%	41.3%	192.7%

Q.2 Valuation ratios of Mayur Leather Products Ltd vs historical?

The current P/E ratio of 8.42 is higher than its historical median of , indicating that the stock is trading above its historical average valuation.

Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?

Valuation Ratios	Current	5-year Historic Median	5-year Industry Median
Price to Earnings	8.42	-	31.85
Price to Book	6.06	0.83	1.33
Price to Sales	-	0.40	0.96
EV to EBITDA	20	-7.49	11.56

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