Mafatlal Industries Ltd Stock Analysis

BSE: 500264 | NSE: MAFATLAIND | Textile | Small Cap

BSE Share Price 06-Dec-2022 18:01
61.40 -2.45 (-3.84%)

DeciZen - Make an Informed Decision on Mafatlal Inds

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Mafatlal Inds Price Chart

P/E Ratio (SA) :
9.88
Market Cap :
432.8 Cr.
52-wk low :
30.7
52-wk high :
81.6
Bole Toh?

1. Is Mafatlal Industries Ltd a good quality company?

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

2. Is Mafatlal Industries Ltd undervalued or overvalued?

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

3. Is Mafatlal Industries Ltd a good buy now?

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

10 Year X-Ray of Mafatlal Inds:

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

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 19.9%6.1%3.7%4.9%1.6%-2.6%-11.7%0.3%-12.3%2.3%-
Value Creation Index 0.4-0.6-0.7-0.7-0.9-1.2-1.8-1.0-1.9-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7979181,0141,3231,2391,1681,0241,0056029871,315
YoY Gr. Rt. %-15.1%10.4%30.5%-6.4%-5.8%-12.3%-1.8%-40.1%63.9%-
Adj EPS 11.82.611.8-1-6.7-17.8-2.9-11.40.56.2
YoY Gr. Rt. %--78.2%-63%92.6%-156.8%NANANANANA-
BVPS (₹) 66.149.952.554.384.8114.872.840.866.997.4102.3
Adj Net Profit 57.817.96.612.7-7.3-46.5-124-20.5-79.63.3219
Cash Flow from Ops. 20.9126.9-35.487.912.5824.17-4.7-
Debt/CF from Ops. 510.221.4-6.32.918.7266.220.6-23.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 2.4%-4.4%-1.2%63.9%
Adj EPS -30.1%NANANA
BVPS 4.42.810.245.6
Share Price 8.2% -0.5% 68.7% 65.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 16.75.11.93.4-1.5-6.7-18.9-5.2-21.20.66.2
Op. Profit Mgn % 63.1231.2-0.7-6-0.7-7.80.82.6
Net Profit Mgn % 7.220.71-0.6-4-12.1-2-13.20.316.7
Debt to Equity 0.30.40.40.60.40.30.40.50.30.20
Working Cap Days 157173176171207216227216312177141
Cash Conv. Cycle 395145425860502510-62

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.20%

Sales growth is good in last 4 quarters at 86.26%

Sales growth has been subdued in last 3 years -1.20%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Mafatlal Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 6.2 6.1
TTM Sales (₹ Cr.) 1,315 1,319
BVPS (₹.) 102.3 102.3
Reserves (₹ Cr.) 707 707
P/BV 0.60 0.60
PE 9.88 10.09
From the Market
52 Week Low / High (₹) 30.71 / 81.60
All Time Low / High (₹) 1.33 / 600.00
Market Cap (₹ Cr.) 433
Equity (₹ Cr.) 70.5
Face Value (₹) 2
Industry PE 24

Management X-Ray of Mafatlal Inds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *69.7070.3969.7069.8747.8047.8047.8032.2032.2032.20
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Mafatlal Inds

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Mafatlal Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mafatlal Inds on 06-Dec-2022 18:01 is : 61.40.
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 06-Dec-2022 18:01 the market cap of Mafatlal Inds stood at ₹ 432.8.
The latest PE ratio of Mafatlal Inds as of 06-Dec-2022 18:01 is 9.88.
The latest PB ratio of Mafatlal Inds as of 06-Dec-2022 18:01 is 0.60
The 52-week high of Mafatlal Inds is ₹ 81.60 and the 52-week low is ₹ 30.71.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Mafatlal Inds is ₹ 1,315 ( Cr.) .

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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