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BSE: 532140 | NSE: | Textile - Spinning | Small Cap
1. Is Mohite Industries Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Mohite Industries Ltd is a average quality company.
2. Is Mohite Industries Ltd undervalued or overvalued?
The key valuation ratios of Mohite Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Mohite Industries Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mohite Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 9.1% | 8.2% | 5.9% | 5.1% | 4.6% | 5.6% | 4.4% | 3.9% | 5.5% | 5.1% | - | ||
| Value Creation Index ⓘ | -0.4 | -0.4 | -0.6 | -0.6 | -0.7 | -0.6 | -0.7 | -0.7 | -0.6 | -0.6 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 204 | 206 | 128 | 96.1 | 103 | 117 | 99.1 | 67.9 | 139 | 72.7 | 67 | ||
| YoY Gr. Rt. % | - | 0.8% | -37.7% | -25.2% | 7.4% | 12.9% | -15% | -31.5% | 104.2% | -47.5% | - | ||
| Adj EPS ⓘ | 3.4 | 3.4 | 1.7 | 0.7 | 0.7 | 1.1 | 0.8 | 0.5 | 1.8 | 1.5 | 1.2 | ||
| YoY Gr. Rt. % | - | 0% | -50.3% | -59.9% | 1.5% | 55.9% | -27.4% | -37.7% | 279.2% | -19.8% | - | ||
| BVPS (₹) ⓘ | 36.5 | 42.9 | 44.2 | 42.5 | 43.1 | 44.2 | 45 | 45.5 | 49.8 | 51.3 | 51.4 | ||
| Adj Net Profit ⓘ | 6.8 | 6.7 | 3.4 | 1.3 | 1.4 | 2.1 | 1.6 | 1 | 3.7 | 2.9 | 2 | ||
| Cash Flow from Ops. ⓘ | 22.4 | 24 | -5.6 | 15.6 | 11.6 | 22.3 | 14.3 | 12.7 | 11.6 | 26.2 | - | ||
| Debt/CF from Ops. ⓘ | 4 | 3.1 | -15.1 | 5.3 | 7.2 | 3.7 | 5.5 | 6 | 6.3 | 3.2 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | -10.8% | -6.8% | -9.8% | -47.5% | ||||||||
| Adj EPS ⓘ | -8.9% | 16.5% | 23.8% | -19.8% | ||||||||
| BVPSⓘ | 3.9% | 3.5% | 4.5% | 2.9% | ||||||||
| Share Price | 8% | 17.4% | 54% | 50.3% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 9.7 | 8.5 | 3.8 | 1.5 | 1.6 | 2.4 | 1.7 | 1.1 | 3.8 | 2.9 | 2.3 | |
| Op. Profit Mgn % ⓘ | 13.4 | 10.2 | 14.5 | 21.3 | 16.8 | 17 | 15.8 | 20.7 | 12.2 | 25.8 | 23.9 | |
| Net Profit Mgn % ⓘ | 3.3 | 3.3 | 2.6 | 1.4 | 1.3 | 1.8 | 1.6 | 1.4 | 2.6 | 4 | 3.5 | |
| Debt to Equity ⓘ | 1.2 | 0.9 | 1 | 1 | 1 | 0.9 | 0.9 | 0.8 | 0.7 | 0.8 | - | |
| Working Cap Days ⓘ | 125 | 128 | 232 | 357 | 348 | 318 | 380 | 563 | 289 | 554 | 0 | |
| Cash Conv. Cycle ⓘ | 108 | 103 | 179 | 272 | 271 | 246 | 291 | 432 | 211 | 370 | 0 | |
Net Profit is growing at healthy rate in last 3 years 23.77%
Debt to equity has declined versus last 3 years average to 0.81
Return on Equity has declined versus last 3 years average to 2.30%
Sales growth has been subdued in last 3 years -9.79%
Sales growth is not so good in last 4 quarters at -44.50%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.2 | 2.5 |
| TTM Sales (₹ Cr.) | 67.5 | 77.7 |
| BVPS (₹.) ⓘ | 51.4 | 54.2 |
| Reserves (₹ Cr.) ⓘ | 83 | 89 |
| P/BV ⓘ | 0.59 | 0.56 |
| PE ⓘ | 25.56 | 12.31 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 16.20 / 35.80 |
| All Time Low / High (₹) | 1.50 / 380.00 |
| Market Cap (₹ Cr.) | 60.9 |
| Equity (₹ Cr.) | 20.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 28.3 |
| Pledged * | 6.63 | 6.63 | 40.30 | 6.63 | 6.63 | 66.34 | 6.63 | 6.63 | 6.63 | 6.63 |
R M Mohite Textiles Ltd. was incorporated on October 31, 1990 as a public limited company and received the Certificate for Commencement of Business on March 22, 1991 from Registrar of Companies Maharashtra.
R M Mohite Textiles is a spinning unit manufacturing and exporting 100% cotton yarn of the count range between 20s and 100s. Initially it started with installation of 14112 spindles in 1995. They went in for expansion by setting additional 12896 spindles, with the required back process machinery, making total installed capacity of 35216 spindles in the month of Oct. 1998.
The replacement of machines installed in 1995 was started with new Ring Frames and was finished by September 2005.
Expansion program in manufacturing capacity has been completed and the entire machinery is now fully operational effective from October 1998. Back process machinery like Blow-room, Carding, Combers and Draw-frames, is from ‘Rieter’ – Switzerland. Auto-Coners are of 338 models from ‘Schlafhorst’ – Germany.
The company has installed ‘Vision Shield’ from Rieter, which removes contamination and foreign matter from the cotton in blow-room itself. Also Loepfe Yarn Master 900I Yarn Siro Clearers to check contamination and to remove it at final stage. Loepfe Spectra is also with imperfection channel on Auto-Coners. List of such state-of-the-art machinery installed at their Mills is separately given.
Product range of the company includes:
The company is primarily engaged into manufacturing and marketing of yarn
Yarn for toweling.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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