Mohite Industries Ltd - Stock Valuation and Financial Performance

BSE: 532140 | NSE: | Textile - Spinning | Small Cap

Mohite Industries Share Price

38.38 -0.11 -0.29%
as on 19-Mar'24 16:44

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Mohite Industries stock performance -

mw4me loader
P/E Ratio (SA):
32.49
Market Cap:
77.4 Cr.
52-wk low:
16.8
52-wk high:
56.9

Is Mohite Industries Ltd an attractive stock to invest in?

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.

10 Year X-Ray of Mohite Industries:

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.
Mohite Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
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 20420612896.110311799.167.913972.767
Sales YoY Gr.-0.8%-37.7%-25.2%7.4%12.9%-15%-31.5%104.2%-47.5%-
Adj EPS 3.43.41.70.70.71.10.80.51.81.51.2
YoY Gr.-0%-50.3%-59.9%1.5%55.9%-27.4%-37.7%279.2%-19.8%-
BVPS (₹) 36.542.944.242.543.144.24545.549.851.351.5
Adj Net
Profit
6.86.73.41.31.42.11.613.72.92
Cash Flow from Ops. 22.424-5.615.611.622.314.312.711.626.2-
Debt/CF from Ops. 43.1-15.15.37.23.75.566.33.2-

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%
BVPS3.9%3.5%4.5%2.9%
Share Price 10.2% 28.2% 33.4% 109.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
9.78.53.81.51.62.41.71.13.82.92.3
Op. Profit
Mgn %
13.410.214.521.316.81715.820.712.225.820.3
Net Profit
Mgn %
3.33.32.61.41.31.81.61.42.643.5
Debt to
Equity
1.20.91110.90.90.80.70.8-
Working Cap
Days
125128232357348318380563289554112
Cash Conv.
Cycle
10810317927227124629143221137081

Recent Performance Summary

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 -7.20%

Latest Financials - Mohite Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 1.2 2.5
TTM Sales (₹ Cr.) 67.5 77.7
BVPS (₹.) 51.5 54.5
Reserves (₹ Cr.) 83 89
P/BV 0.75 0.71
PE 32.49 15.65
From the Market
52 Week Low / High (₹) 16.80 / 56.92
All Time Low / High (₹) 1.50 / 380.00
Market Cap (₹ Cr.) 77.4
Equity (₹ Cr.) 20.1
Face Value (₹) 10
Industry PE 29.8

Management X-Ray of Mohite Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *6.6340.306.636.6366.346.636.636.636.636.63
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mohite Industries

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
Sales204.26205.93128.3896.07103.19116.5099.0667.89138.6172.71
Operating Expenses 176.99184.87109.8075.6485.8496.7283.3753.87121.7753.93
Manufacturing Costs22.7323.9328.2817.2417.0615.7717.6311.5422.079.73
Material Costs139.71144.7868.7446.9354.3968.1753.3633.5187.2934.32
Employee Cost 10.0410.9210.038.8711.1310.5410.297.3811.057.81
Other Costs 4.515.242.742.603.262.242.091.441.362.07
Operating Profit 27.2721.0718.5820.4317.3519.7815.6814.0216.8518.78
Operating Profit Margin (%) 13.4%10.2%14.5%21.3%16.8%17.0%15.8%20.7%12.2%25.8%
Other Income 0.602.213.990.120.060.110.100.030.070.15
Interest 11.709.249.3610.569.0510.608.388.078.288.91
Depreciation 9.176.847.947.187.197.285.895.244.756.49
Exceptional Items 000-6.88000000
Profit Before Tax 77.205.28-4.071.172.021.520.753.893.54
Tax 0.310.460.09-0.59-0.20-0.11-0.04-0.220.240.61
Profit After Tax 6.696.745.19-3.481.372.131.560.973.652.93
PAT Margin (%) 3.3%3.3%4.0%-3.6%1.3%1.8%1.6%1.4%2.6%4.0%
Adjusted EPS (₹)3.33.42.6-1.70.71.10.80.51.81.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 73.3486.2888.8085.3286.6988.8390.3891.35100.13103.06
Share Capital 20.1020.1020.1020.1020.1020.1020.1020.1020.1020.10
Reserves 53.2466.1868.7065.2266.5968.7370.2871.2580.0382.96
Minority Interest0000000000
Debt77.7769.9179.0677.2876.8174.5971.2667.0764.6574.87
Long Term Debt38.1630.2639.5137.8651.9652.7454.5547.3843.5356.20
Short Term Debt39.6139.6639.5639.4224.8521.8516.7119.6921.1318.68
Trade Payables5.544.364.614.773.313.491.872.221.312.05
Others Liabilities 18.1811.5311.8910.1311.8811.7812.9214.1912.6613.23
Total Liabilities 174.83172.09184.36177.50178.69178.68176.43174.83178.75193.22

Fixed Assets

Gross Block182.03180.44179.93182.77186.93188.84193.66193.89194.67213.12
Accumulated Depreciation89.5588.3496.28103.46110.65117.92123.81129.05133.80140.29
Net Fixed Assets92.4892.1083.6479.3176.2870.9169.8564.8460.8772.83
CWIP 5.825.805.860.130.214.240004.59
Investments 0.120.120.120.140.140.162.482.482.482.48
Inventories36.6029.9630.9736.0841.1440.1240.6641.7835.4038.35
Trade Receivables29.4631.7143.3543.1042.2441.5641.5641.4245.6731.99
Cash Equivalents 2.742.843.101.411.520.720.751.541.686.26
Others Assets7.609.5617.3217.3317.1620.9821.1322.7732.6536.73
Total Assets 174.83172.09184.36177.50178.69178.68176.43174.83178.75193.22

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 22.3824-5.6315.6011.6422.2914.2512.7211.6226.15
PBT 77.205.28-4.071.172.021.520.753.893.54
Adjustment 20.2714.1113.8824.5016.1817.8714.2613.2718.1615.24
Changes in Working Capital -4.584.14-23.14-4.82-5.742.14-1.99-1.52-10.197.97
Tax Paid -0.31-1.45-1.64-0.010.030.260.460.22-0.24-0.61
Cash Flow From Investing Activity 2.31-1.222.95-3.99-4.23-5.95-2.50-0.23-0.79-23.03
Capex 1.95-1.232.94-2.97-4.25-5.93-4.82-0.23-0.79-23.03
Net Investments 000-0.010-0.022.32000
Others 0.360.010.01-10.0100000
Cash Flow From Financing Activity -26.09-22.682.93-13.29-7.29-17.15-11.71-11.70-10.691.47
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -7.96-11.8115.14-0.4818.250.911.24-6.86-2.9512.74
Interest Paid -11.46-7.28-8.44-10.45-9.05-10.60-8.38-8.03-8.28-8.75
Dividend Paid 0000000000
Others -6.67-3.60-3.76-2.36-16.49-7.46-4.573.200.53-2.52
Net Cash Flow -1.390.100.26-1.680.11-0.810.040.790.144.58
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)9.568.445.93-41.592.431.741.073.812.89
ROCE (%)11.3810.28.763.86.047.395.825.247.146.92
Asset Turnover Ratio1.151.190.720.530.580.650.560.390.780.39
PAT to CFO Conversion(x)3.353.56-1.08N/A8.510.469.1313.113.188.92
Working Capital Days
Receivable Days5454107164151131153223115195
Inventory Days615987127137127149222102185
Payable Days1112243627181822718

Mohite Industries Ltd Stock News

Mohite Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mohite Industries on 19-Mar-2024 16:44 is ₹38.38.
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 19-Mar-2024 16:44 the market cap of Mohite Industries stood at ₹77.36.
The latest P/E ratio of Mohite Industries as of 19-Mar-2024 16:44 is 32.49.
The latest P/B ratio of Mohite Industries as of 19-Mar-2024 16:44 is 0.75.
The 52-week high of Mohite Industries is ₹56.92 and the 52-week low is ₹16.80.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mohite Industries is ₹67.47 ( Cr.) .

About Mohite Industries Ltd

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.

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