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Mafatlal Industries Ltd (MAFATIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500264 NSE: MAFATIND Textile | Small Cap | Mafatlal Inds Share Price

₹129.80 0.55 (0.43%)

As on 05-Jun'26 09:53

Mafatlal Industries Ltd (MAFATIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500264 NSE: MAFATIND Textile | Small Cap | Mafatlal Inds Share Price

₹129.80 0.55 (0.43%)

As on 05-Jun'26 09:53

Key Metrics
Valuation Multiples
Market Cap
₹933 Cr.
Current Price
₹129.8
52-Week Low / High
₹107 / 205
TTM EPS
₹12.6
TTM Sales
₹3,870 Cr.
Book Value per Share
₹107.1
P/E Ratio
10.24
In line with its 5-year historical median
Industry PE
36.6
Price to Book (P/B)
1.21
Higher than its 5-year historical median
Price to Sales (P/S)
0.24
Lower than its 5-year historical median
EV/EBITDA
5.89
Lower than its 5-year historical median
Dividend Yield
1.65%
Profitability Efficiency
Return on Equity (ROE)
12.65%
Outperforms industry median
Return on Capital Employed (ROCE)
10.02%
Outperforms industry median
Return on Assets (ROA)
5.81%
Operating Profit Margin
2.4%
Net Profit Margin
3.5%
Gross Profit Margin
3.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
35.07%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
54.01%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-0.62%
Asset Quality
Promoter Holding
69.32%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹759 Cr.
Equity
₹14.4 Cr.
Face Value
₹2
All Time Low / High
₹1.33 / 600.00

Mafatlal Industries stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Mafatlal Industries Ltd a good quality company?
Mafatlal Industries Ltd is a weak quality company, based on a inconsistent 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.

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.

How does Mafatlal Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Mafatlal Industries Ltd vs industry peers?
Mafatlal Industries Ltd revenue CAGR is 22.80%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Mafatlal Industries Ltd?
Promoters hold 69.32% of the Mafatlal Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Mafatlal Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.6% based on the current price.

10 Year X-Ray :

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.
Mafatlal Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7.2%3.6%-1.2%-17.2%3.2%-13.2%7.2%7.7%11.8%10%-
Value Creation
Index
-0.5-0.7-1.1-2.2-0.8-1.9-0.5-0.5-0.2-0.3-

Growth Parameters

Sales 1,3231,2391,1681,0241,0056029991,3712,0782,8073,870
Sales YoY Gr.--6.4%-5.8%-12.3%-1.8%-40.1%66%37.1%51.7%35.1%-
Adj EPS 1.8-1-6.7-17.8-2.9-11.40.53.110.813.912.6
YoY Gr.--156.8%NANANANANA555.3%250.7%28.4%-
BVPS (₹) 54.384.8114.872.840.866.997.486.7113.7102.8107.1
Adj Net
Profit
12.7-7.3-46.5-124-20.5-79.63.321.777.299.791
Cash Flow from Ops. -35.487.912.5824.179.8-6.3159-89.2-
Debt/CF from Ops. -6.32.918.7266.221.211.5-14.80.5-0.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.7%22.8%41.1%35.1%
Adj EPS 25.2%NA209%28.4%
BVPS7.4%20.3%1.8%-9.6%
Share Price 7.3% 41.9% 34.9% 0.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
3.4-1.5-6.7-18.9-5.2-21.20.63.310.812.812
Op. Profit
Mgn %
31.2-0.7-6-0.7-7.80.822.12.42.4
Net Profit
Mgn %
1-0.6-4-12.1-2-13.20.31.63.73.62.4
Debt to
Equity
0.60.40.30.40.50.30.20.20.10.10
Working Cap
Days
17120721621319730417415013511162
Cash Conv.
Cycle
425860502510-6-2-8311

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,3231,2391,1681,0241,0056029991,3712,0782,807
Operating Expenses + 1,2831,2241,1771,0851,0126499911,3432,0352,740
Manufacturing Costs22220319516910138100163165198
Material Costs8648307857397845287921,0731,7322,419
Employee Cost 122128135120884942526159
Other Costs 75646256393557567764
Operating Profit 4015-10-61-7-478274468
Operating Profit Margin (%) 3.0%1.2%-0.8%-6.0%-0.7%-7.9%0.8%2.0%2.1%2.4%
Other Income + 22483531573669476539
Exceptional Items 0-50-84-15-41-10-10-6
Interest 21273130312219181511
Depreciation 21323636171716151515
Profit Before Tax 19-1-42-180-13-9132407975
Tax 2-5-000333-20-24
Profit After Tax 174-42-180-14-9429379998
PAT Margin (%) 1.3%0.3%-3.6%-17.6%-1.4%-15.6%2.9%2.7%4.8%3.5%
Adjusted EPS (₹)2.50.6-6.0-25.9-2.0-13.54.25.313.813.7
Dividend Payout Ratio (%)24.40%67.50%0%0%0%0%0%0%0%14.70%

Valuation of Mafatlal Inds - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 378590798507284466685612813739
Share Capital 14141414141414141414
Reserves 364576784493270452671598799725
Debt +20821421018013412698766555
Long Term Debt66978056626044262723
Short Term Debt142117129124726554503733
Minority Interest0000000000
Trade Payables273253270215314249347371766443
Others Liabilities 213273239229202222213239276221
Total Liabilities 1,0721,3291,5171,1319341,0621,3421,2981,9201,459

Fixed Assets

Net Fixed Assets +21331529513613611294928482
Gross Block542347363175191179167178183192
Accumulated Depreciation3283268395567728699110
CWIP 9871000000
Investments 48284502374169445634523632444
Inventories15317216310510624721068097
Trade Receivables312288286196255217254286638479
Cash Equivalents 9914361936589073268162
Others Assets 237246228301233206198218219193
Total Assets 1,0721,3291,5171,1319341,0621,3421,2981,9201,459

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -358812824710-6159-89
PBT 19-1-42-180-13-9142417975
Adjustment 221440114414-290-223
Changes in Working Capital -72781574348011-45106-168
Tax Paid -4-3-0-0-14-4-2-42
Cash Flow From Investing Activity + -21-73494084306136-2-11
Capex -42-88-6-6562060-814-9
Net Investments 1-335240-0-1322-47-27
Others 20182022271015223125
Cash Flow From Financing Activity + 52-11-52-57-91-29-53-34-23-31
Net Proceeds from Shares 0000001041
Net Proceeds from Borrowing 752-29-21-64-24-151-9
Interest Paid -21-26-32-30-32-22-19-16-14-11
Dividend Paid -4-5-3000000-7
Others 69-3212-6-54-11-12-4-13-5
Net Cash Flow -549-917818-4133-131

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.610.85-6.02-27.6-3.47-25.025.095.7813.8612.65
ROCE (%)7.183.62-1.16-17.173.15-13.167.27.711.7710.02
Asset Turnover Ratio1.351.030.820.770.970.60.841.041.31.66
PAT to CFO Conversion(x)-2.0622N/AN/AN/AN/A0.34-0.161.61-0.91
Working Capital Days
Receivable Days70.5088.5089.8085.9081.70142.8085.6071.5080.8072.60
Inventory Days3847.9052.3047.7038.3039.6017.5023.6016.3011.50
Payable Days98.10115.60121.40119.60123.10194.70137.20122.10119.8091.20

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Mafatlal Industries Ltd FAQs

The current trading price of Mafatlal Inds on 05-Jun-2026 09:53 is ₹129.8.

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 04-Jun-2026 the market cap of Mafatlal Inds stood at ₹932.9 Cr

The latest P/E ratio of Mafatlal Inds as of 04-Jun-2026 is 10.24.

The latest P/B ratio of Mafatlal Inds as of 04-Jun-2026 is 1.21.

The 52-week high of Mafatlal Inds is ₹204.9 and the 52-week low is ₹107.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mafatlal Inds is ₹3,870 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mafatlal Industries Ltd is a below average quality company.

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

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

About Mafatlal Industries Ltd

Mafatlal Industries Ltd., a flagship company of the Arvind Mafatlal Group that has vertically integrated composite textile mills, was incorporated in 1913 at Ahmedabad. The company is engaged in manufacture of textiles and textile chemicals.

The total capacity of the two mills, located at Navsari (near Surat) and Nadiad (near Ahmedabad) is 30 million meters per annum (85,000 meters per day). The mills are equipped to do bleaching, dyeing, calico printing, mercerising, calendering, sanforising, anti-creasing and texturising. Mafatlal Industries has been a leader in textiles for nearly 100 years. It has an installed capacity of 100,000 spindles, 816 rotors and 492 looms and a capability to process 60,000 meters of fabrics per day.

Mafatlal Industries produces some of the finest fabrics, in a count range of 12's to 105's, which are exported to the most demanding buyers of Europe, UK, USA and Middle East.MIL produces a complete range of products in 100% cotton and in polyester/ cotton blends, consisting of yarn dyed and piece dyed shirtings, poplins, bottomwear fabrics, cambrics, fine lawns and voiles. In addition to these, the mills also have the capacity to produce printed voiles and dress materials.

Product range of the company includes:

  • Shirtings- It offers shirtings in multifarious designs and colours with unique patterns of textures and weaves, which suit casual as well as formal occasions.
  • Prints.
  • Voiles- The company specialize in premium voiles. These voiles are available in floral prints, solids, lenos and dobbies.
  • Sleepwear- The company caters to sleepwear products which hold immense value for its superior quality and comfortable clothing, namely, lawn, voiles, satins and flannels.
  • Beachwear
  • Bottomwear- The company offers a range of chinos and twills in 100% cotton & blend with surface, elegantly styled and available in Two/ Three folds and soft finish for you to enjoy a comfortable and an eye-catching wear.
  • Kidswear- Mafatlals has always had great endeavours to delight kids with bright colour schemes for wovens and character prints alongwith soft and smooth flannels, which are eco-friendly, keeping in mind the comfort of the wearer.
  • Speciality Products

Other group Companies:

  • Navin Flourine International Limited- It’s the Largest integrated fluorochemicals complex in India, since 1967.
  • Mafatlal Denim Limited- Mafatlal Industries Limited, India and Burlington Industries, USA joined hands to form Mafatlal Burlington Industries Limited. This joint venture company was established for the manufacture and marketing of denim fabrics. In April 2006, the Arvind Mafatlal Group - India acquired Burlington Industries' equity in the joint venture and the company is now called 'Mafatlal Denim Limited'.
  • NOCIL Limited- NOCIL commenced its rubber chemicals manufacturing operations in the year 1976, it offers a wide range of rubber chemicals.

Milestones:

  • 1905  First Textile mill set-up in Ahmedabad. 
  • 1912  Old unit bought at Nadiad
  • 1916  Bought Jaffer Ali Mill & renamed it as Surat Cotton Spinning & Weaving Mills.
  • 1919  Took over China Mill at Mumbai.
  • 1958  Franchise retail shops opened for market Growth. 
  • 1962  New unit constructed at Nadiad. 
  • 1970  1980 - Consolidation of existing business. 
  • 1981 Set up direct distribution system. 
  • 1982 Set up 2 tier system (Wholesalers to semi-wholesalers). 
  • 1984  Tie-up with 'Tootal' for Technological upgradation named as ‘TOOTAL’.  
  • Post 1990 Focus on export of high-value products to European markets and on HR initiatives for People Development. Collaboration with Burlington; set- up state-of-the-art denim manufacturing. Joint Venture with Grupo la Perla & Silvia.

Achievements/ recognition :

  • Obtained ISO-9002 Certification in 1994.
  • ISO 9000 and Oekotex certified.
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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