Mayur Uniquoters Ltd - Stock Valuation and Financial Performance

BSE: 522249 | NSE: MAYURUNIQ | Textile | Small Cap

Mayur Uniquoters Share Price

455.20 -5.90 -1.28%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Mayur Uniquoters

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Mayur Uniquoters stock performance -

mw4me loader
P/E Ratio (SA):
17.43
Market Cap:
2,003.4 Cr.
52-wk low:
415
52-wk high:
616.2

Is Mayur Uniquoters Ltd an attractive stock to invest in?

1. Is Mayur Uniquoters Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mayur Uniquoters Ltd is a good quality company.

2. Is Mayur Uniquoters Ltd undervalued or overvalued?

The key valuation ratios of Mayur Uniquoters Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Mayur Uniquoters Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mayur Uniquoters Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Mayur Uniquoters:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mayur Uniquoters Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 35%24.9%24.2%21.2%21.5%16.2%12.9%13.9%11.3%13.7%-
Value Creation
Index
1.50.80.70.50.50.2-0.1-0-0.20.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 470506511477552573516501631764747
Sales YoY Gr.-7.8%0.9%-6.7%15.8%3.8%-9.9%-3%26%21.1%-
Adj EPS 13.314.717.617.620.217.816.419.717.523.326.2
YoY Gr.-10.9%19.8%-0.1%14.8%-11.9%-8.3%20.4%-11.3%33.1%-
BVPS (₹) 37.251.673.985.6100115.4129.5142.5159.1172.4190.3
Adj Net
Profit
57.563.881.680.791.780.874.187.877.9102115
Cash Flow from Ops. 48.953.365.378.485.96858.156.712115-
Debt/CF from Ops. 0.90.80.40.20.10.30.60.72.40.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.6%6.7%14%21.1%
Adj EPS 6.4%2.8%12.5%33.1%
BVPS18.6%11.5%10%8.4%
Share Price 3.3% 5.4% 3.8% 8.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
41.228.826.12221.716.513.414.411.613.914.4
Op. Profit
Mgn %
20.119.626.226.726.322.220.724.11818.920.7
Net Profit
Mgn %
12.312.61616.916.614.114.417.512.413.415.4
Debt to
Equity
0.30.20.10000.10.100-
Working Cap
Days
110141170188167175221250226201138
Cash Conv.
Cycle
283962767586110137142131119

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.40%

Sales growth is growing at healthy rate in last 3 years 13.95%

Net Profit is growing at healthy rate in last 3 years 12.45%

Sales growth is not so good in last 4 quarters at 6.76%

Latest Financials - Mayur Uniquoters Ltd.

Standalone Consolidated
TTM EPS (₹) 26.2 25.9
TTM Sales (₹ Cr.) 747 775
BVPS (₹.) 190.3 190
Reserves (₹ Cr.) 814 813
P/BV 2.40 2.40
PE 17.43 17.63
From the Market
52 Week Low / High (₹) 415.00 / 616.15
All Time Low / High (₹) 0.16 / 635.00
Market Cap (₹ Cr.) 2,003
Equity (₹ Cr.) 22
Face Value (₹) 5
Industry PE 27.9

Management X-Ray of Mayur Uniquoters:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mayur Uniquoters

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales470506511477552573516501631764
Operating Expenses 376407377349407446410380517620
Manufacturing Costs20303928344039374562
Material Costs316326284271324352306281396472
Employee Cost 16212526282932343938
Other Costs 24303023222532293848
Operating Profit 9399134127145127107120114144
Operating Profit Margin (%) 19.9%19.6%26.2%26.7%26.3%22.2%20.7%24.0%18.0%18.9%
Other Income 29811132219202016
Interest 4331112322
Depreciation 7121617171818182022
Exceptional Items 0000000000
Profit Before Tax 8493122121140130106118111135
Tax 27273939464325292728
Profit After Tax 576683829487818984107
PAT Margin (%) 12.1%13.0%16.1%17.2%17.0%15.2%15.6%17.8%13.4%14.1%
Adjusted EPS (₹)13.115.217.217.920.819.217.820.018.924.5
Dividend Payout Ratio (%)43%21%20%6%7%17%22%10%11%8%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 161283342392453523587635709758
Share Capital 22812323232323222222
Reserves 139202319369431500564613687736
Minority Interest0000000000
Debt363720721926342014
Long Term Debt16149421316142014
Short Term Debt202411306101900
Trade Payables63523858585758575069
Others Liabilities 8410814270687159667433
Total Liabilities 344480542526581670730792853874

Fixed Assets

Gross Block130180194145166175230281327369
Accumulated Depreciation3243591734516987107128
Net Fixed Assets98137135128132124161194220241
CWIP 276842393915121
Investments 107697124156194172212160144
Inventories645650587195107127183178
Trade Receivables6791124129133120139156156195
Cash Equivalents 13271420261919192757
Others Assets668811463617893699558
Total Assets 344480542526581670730792853874

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 495365788668585712115
PBT 8493122121140130106118111135
Adjustment 78131186104716
Changes in Working Capital -17-23-36-8-15-21-33-43-76-1
Tax Paid -25-25-33-46-46-47-25-22-30-35
Cash Flow From Investing Activity -46-94-33-26-30-71-48-1917-32
Capex -51-34-18-11-7-46-49-27-47-30
Net Investments 3-66-21-17-26-1930-2957-1
Others 26614-6-29387-1
Cash Flow From Financing Activity 053-44-46-50-3-7-37-21-66
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000-6-5129-29-5
Interest Paid -1-2-1-1-1-1-1-2-2-2
Dividend Paid -12-14-21-5-6-15-15-5-9-9
Others 1369-21-35-3711-28-19-50
Net Cash Flow 312-1266-741817
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)40.6334.2929.1922.3622.2617.8514.5314.5712.5514.66
ROCE (%)50.8436.3435.9631.6532.726.0918.4718.7916.0718.12
Asset Turnover Ratio1.851.351.10.981.020.930.750.660.770.91
PAT to CFO Conversion(x)0.860.80.780.950.910.780.720.640.141.07
Working Capital Days
Receivable Days445270888579901069082
Inventory Days38393538425271858984
Payable Days64645864656068754946

Mayur Uniquoters Ltd Stock News

Mayur Uniquoters Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mayur Uniquoters on 28-Mar-2024 16:01 is ₹455.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Mayur Uniquoters stood at ₹2,003.4.
The latest P/E ratio of Mayur Uniquoters as of 28-Mar-2024 16:01 is 17.43.
The latest P/B ratio of Mayur Uniquoters as of 28-Mar-2024 16:01 is 2.40.
The 52-week high of Mayur Uniquoters is ₹616.1 and the 52-week low is ₹415.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mayur Uniquoters is ₹746.9 ( Cr.) .

About Mayur Uniquoters Ltd

Mayur Uniquoters Limited was established in 1992 by the present Chairman and MD , S K Poddar. It is a tech enterprise and has been a resounding success in the field of superior quality synthetic leather in India. Driven by a vision to manufacture world-class products for the leather connoisseurs and the trend setters of the time, Mayur was born out of high levels of competence, committment, stringent quality control measures and value addition. Thus a great seed of possibilities was planted by a team of professionals. Today Mayur has made it's mark as a manufacturer of PU, PVC and PU-PVC synthetic leather under the seasoned guidance and support by a unit of highly qualified engineers and technocrats

With a large network of premium products, the guiding principle of this enterprise has always been customer delight, beyond customer satisfaction. And since the limits of technology can be challenged by the vitality of progressive thinking, with constant research and development, Mayur marches on in its global pursuit of opening up a new horizon to the Synthetic leather World.

Making use of the best technologies and raw materials available in the world, having implemented the best management practices and always striving to be the best in the business has been the principle of Mayur since it’s inception.

Mayur has responded to changing customer needs of the hour by maintaining state-of-the-art equipment and facilities like a modern 4 Head Italian Coating Line from Matex, a fully new coating line, Embossing Mahines, Printing machine, Sueding Machine, Dry and Wet Tumbling Machines.Automated lab with lab-coater from Werner Mathis, Switzerland, SATRA and Bally Flex Testers and other Laboratory equipment for quality control. 

Product range of the company includes:

  • Footwear
  • Automotive
  • Upholstery / Furnishing
  • Garments
  • Luggage / leather goods
  • Sports goods

Achievements/ recognition:

  • ISO 9001-2000 certified company
  • EMS 14001:2004, OHSAS 18001:1999
  • 2010
    India's 1st SMB Top 500 Award 2010
  • 2011
    FCOMA
    Primary Members of The Association 2011
    Best Employer Award Certificate of Merit from Employer's Associations of Rajasthan 2011
    Inc. India 500 Certificate of Excellence 2011
  • 2012
    Inc. India 500 Certificate of Excellence 2012
    Forbes Asia Top 200 Best Under a Billion Company 2012
  • 2013
    Star Export House Certificate by Ministry of Commerce & Industry, Government of India 2013
    Inc India 500 Certificate of Excellence 2013
  • 2014
    ACMA Certificate of Membership 2013-2014
    CII-TPM CLUB INDIA For The Year 2014

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