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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

₹134.20 0.05 (0.04%)

As on 03-Aug'26 16:59

Mafatlal Industries Ltd (MAFATIND)

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

₹134.20 0.05 (0.04%)

As on 03-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹969 Cr.
Current Price
₹134.2
52-Week Low / High
₹107 / 205
TTM EPS
₹12.6
TTM Sales
₹3,870 Cr.
Book Value per Share
₹106.8
P/E Ratio
10.64
In line with its 5-year historical median
Industry PE
37.1
Price to Book (P/B)
1.26
Higher than its 5-year historical median
Price to Sales (P/S)
0.25
Lower than its 5-year historical median
EV/EBITDA
6.18
Lower than its 5-year historical median
Dividend Yield
1.86%
Profitability Efficiency
Return on Equity (ROE)
12.06%
Outperforms industry median
Return on Capital Employed (ROCE)
12.82%
Outperforms industry median
Return on Assets (ROA)
5.57%
Operating Profit Margin
2.2%
Net Profit Margin
2.35%
Gross Profit Margin
3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
37.87%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
27.05%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-7.2%
Asset Quality
Promoter Holding
69.30%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹757 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

Semi Strong
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 45.08%, compared to the industry median CAGR of 0.06%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Mafatlal Industries Ltd?
Promoters hold 69.30% 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 7.5% 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 3.6%-1.2%-17.2%3.2%-13.2%7.2%7.7%11.8%10%12.8%-
Value Creation
Index
-0.7-1.1-2.2-0.8-1.9-0.5-0.5-0.2-0.3-0.1-

Growth Parameters

Sales 1,2391,1681,0241,0056029991,3712,0782,8073,8703,870
Sales YoY Gr.--5.8%-12.3%-1.8%-40.1%66%37.1%51.7%35.1%37.9%-
Adj EPS -1-6.7-17.8-2.9-11.40.53.110.813.912.812.6
YoY Gr.-NANANANANA555.3%250.7%28.4%-7.9%-
BVPS (₹) 84.8114.872.840.866.997.486.7113.7102.8106.9106.8
Adj Net
Profit
-7.3-46.5-124-20.5-79.63.321.777.299.792.391
Cash Flow from Ops. 87.912.5824.179.8-6.3159-83.6141-
Debt/CF from Ops. 2.918.7266.221.211.5-14.80.5-0.80.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 13.5%45.1%41.4%37.9%
Adj EPS NANA60.7%-7.9%
BVPS2.6%9.8%7.2%4%
Share Price 7.3% 33% 11.7% -9.5%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
-1.5-6.7-18.9-5.2-21.20.63.310.812.812.211.8
Op. Profit
Mgn %
1.2-0.7-6-0.7-7.80.822.12.42.22.4
Net Profit
Mgn %
-0.6-4-12.1-2-13.20.31.63.73.62.42.4
Debt to
Equity
0.40.30.40.50.30.20.20.10.10.10
Working Cap
Days
2072162131973041741501351118762
Cash Conv.
Cycle
5860502510-6-2-83911

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!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,2391,1681,0241,0056029991,3712,0782,8073,870
Operating Expenses + 1,2241,1771,0851,0126499911,3432,0352,7403,785
Manufacturing Costs20319516910138100163165198170
Material Costs8307857397845287921,0731,7322,4193,456
Employee Cost 12813512088494252615962
Other Costs 64625639355756776496
Operating Profit 15-10-61-7-47827446886
Operating Profit Margin (%) 1.2%-0.8%-6.0%-0.7%-7.9%0.8%2.0%2.1%2.4%2.2%
Other Income + 48353157366947653939
Exceptional Items -50-84-15-41-10-10-6-3
Interest 2731303122191815119
Depreciation 32363617171615151517
Profit Before Tax -1-42-180-13-913240797597
Tax -5-000333-20-246
Profit After Tax 4-42-180-14-942937999891
PAT Margin (%) 0.3%-3.6%-17.6%-1.4%-15.6%2.9%2.7%4.8%3.5%2.4%
Adjusted EPS (₹)0.6-6.0-25.9-2.0-13.54.25.313.813.712.6
Dividend Payout Ratio (%)67.50%0%0%0%0%0%0%0%14.70%19.80%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 590798507284466685612813739771
Share Capital 14141414141414141414
Reserves 576784493270452671598799725757
Debt +2142101801341269876655554
Long Term Debt97805662604426272333
Short Term Debt11712912472655450373321
Minority Interest0000000000
Trade Payables253270215314249347371766443714
Others Liabilities 273239229202222213239276221275
Total Liabilities 1,3291,5171,1319341,0621,3421,2981,9201,4591,814

Fixed Assets

Net Fixed Assets +3152951361361129492848283
Gross Block347363175191179167178183192208
Accumulated Depreciation3268395567728699110125
CWIP 87100000010
Investments 284502374169445634523632444391
Inventories17216310510624721068097106
Trade Receivables288286196255217254286638479710
Cash Equivalents 14361936589073268162258
Others Assets 246228301233206198218219193256
Total Assets 1,3291,5171,1319341,0621,3421,2981,9201,4591,814
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 8812824710-6159-84141
PBT -1-42-180-13-914241797597
Adjustment 1440114414-290-22825
Changes in Working Capital 781574348011-45106-16851
Tax Paid -3-0-0-14-4-2-42-31
Cash Flow From Investing Activity + -73494084306136-2-17-35
Capex -88-6-6562060-814-9-24
Net Investments -335240-0-1322-47-27-30
Others 18202227101522311919
Cash Flow From Financing Activity + -11-52-57-91-29-53-34-23-31-33
Net Proceeds from Shares 0000010411
Net Proceeds from Borrowing 52-29-21-64-24-151-94
Interest Paid -26-32-30-32-22-19-16-14-11-9
Dividend Paid -5-3000000-7-16
Others -3212-6-54-11-12-4-13-5-13
Net Cash Flow 49-917818-4133-13173
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)0.85-6.02-27.6-3.47-25.025.095.7813.8612.6512.06
ROCE (%)3.62-1.16-17.173.15-13.167.27.711.7710.0212.82
Asset Turnover Ratio1.030.820.770.970.60.841.041.31.662.37
PAT to CFO Conversion(x)22N/AN/AN/AN/A0.34-0.161.61-0.861.55
Working Capital Days
Receivable Days88.5089.8085.9081.70142.8085.6071.5080.8072.6056.10
Inventory Days47.9052.3047.7038.3039.6017.5023.6016.3011.509.60
Payable Days115.60121.40119.60123.10194.70137.20122.10119.8091.2061.10

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Mafatlal Industries Ltd FAQs

The current trading price of Mafatlal Inds. on 03-Aug-2026 16:59 is ₹134.2.

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 02-Aug-2026 the market cap of Mafatlal Inds. stood at ₹968.6 Cr

The latest P/E ratio of Mafatlal Inds. as of 02-Aug-2026 is 10.64.

The latest P/B ratio of Mafatlal Inds. as of 02-Aug-2026 is 1.26.

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 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.

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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