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Mohite Industries Ltd. Stock Analysis

Small Cap
Evaluated by 57 users | BSE: 532140 | NSE: |
Textile - Spinning
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 5.76%8.51%8.02%7.8%9.1%8.19%5.93%5.11%4.55%5.59%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 10613685.613920420612896.1103117
Y-o-Y Gr. Rt.-28.1%-37.2%62.7%46.7%0.8%-37.7%-25.2%7.4%12.9%
Adjusted EPS (Rs.) 1.283.751.771.993.363.361.670.670.681.06
Y-o-Y Gr. Rt.-193%-52.8%12.4%68.8%0%-50.3%-59.9%1.5%55.9%
Book Value per Share (Rs.) 28.1729.1431.1733.1636.4942.9344.1842.4543.1344.19
Adjusted Net Profit 2.67.53.646.86.73.41.31.42.1
Net Op. Cash Flow (Rs. Cr.) 7.619.219.731.522.424-5.615.611.622.3
Debt to Cash Flow from Ops 15.716.226.193.163.983.08-15.145.287.233.67
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Mohite Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1%-10.6%-3.2%12.9%
Adjusted EPS -2.1%-20.6%-14.1%55.9%
Book Value per Share 5.13.902.5
Share Price -17.1% -20.4% -23.8% -39.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 4.713.085.876.179.658.453.841.541.592.43
Operating Profit Margin (%) 17.7517.3532.0718.6113.410.2414.4721.2716.8116.98
Net Profit Margin (%) 2.415.534.152.873.313.282.621.391.331.83
Debt to Equity 2.12.031.941.491.220.860.960.970.970.92
Working Capital Days 201165284182125128232357348318
Cash Conversion Cycle 172148254162108103179272271246
Entity Percentage Holding
Promoters 68.82%
Non-Institutions 31.18%
Pledged *28.3228.3228.326.6328.326.636.636.636.636.63
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Mohite Industries Ltd.'s performance infers:

Mohite Industries Ltd. earnings have declined by -20.6%, whereas share price has depreciated -20.4% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Mohite Industries Ltd. share prices over the last 10 years. Here is what we found out:

Mohite Industries Ltd. share price has depreciated -29% annually over the past ten years.

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

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

  • Cotton yarn
  • Yarns for knitting
  • Special purpose yarn
  • Yarns for Weaving
  • Slub
  • Double
  • Industrial
  • Multifold and

Yarn for toweling.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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