Mahalaxmi Rubtech Ltd - Stock Valuation and Financial Performance

BSE: 514450 | NSE: MHLXMIRU | Textile | Small Cap

Mahalaxmi Rubtech Share Price

198.40 -3.25 -1.61%
as on 12-Jul'24 16:01

DeciZen - make an informed investing decision on Mahalaxmi Rubtech

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Mahalaxmi Rubtech stock performance -

mw4me loader
P/E Ratio (SA):
19.08
Market Cap:
210.6 Cr.
52-wk low:
142.7
52-wk high:
374.8

Is Mahalaxmi Rubtech Ltd an attractive stock to invest in?

1. Is Mahalaxmi Rubtech Ltd a good quality company?

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

2. Is Mahalaxmi Rubtech Ltd undervalued or overvalued?

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

3. Is Mahalaxmi Rubtech Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Mahalaxmi Rubtech 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 Mahalaxmi Rubtech:

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.
Mahalaxmi Rubtech 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.6%4.6%4.5%4.7%4.2%5%5.4%6.5%5.8%5.7%-
Value Creation
Index
-0.7-0.7-0.7-0.7-0.7-0.7-0.6-0.5-0.6-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 14914516920322818518013717020077
Sales YoY Gr.--3.2%16.6%20.1%12.4%-19%-2.6%-24%24.2%17.9%-
Adj EPS 2.533.23.42.93.13.34.54.6410.4
YoY Gr.-18.3%7.7%5.6%-15.6%9.4%5.4%37.3%2.4%-14%-
BVPS (₹) 50.353.957.459.560.962.466.370.972.578.249.8
Adj Net
Profit
2.22.62.83.43.34.24.464.94.211
Cash Flow from Ops. 7.212.414.94.713.111.423.314.515.77.5-
Debt/CF from Ops. 73.52.97.72.83.11.42.73.25.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.3%-2.6%3.6%17.9%
Adj EPS 5.2%6.9%6.5%-14%
BVPS5%5.1%5.6%7.8%
Share Price 21.1% 38.5% 42.4% 18.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.15.75.75.94.95.45.16.65.75.316.2
Op. Profit
Mgn %
8.28.487.15.98.49.212.98.97.210.9
Net Profit
Mgn %
1.51.81.71.71.42.32.44.42.92.114.4
Debt to
Equity
1.10.90.90.60.50.40.40.40.70.50.1
Working Cap
Days
122128123124129168166200158155107
Cash Conv.
Cycle
5560494446565560484442

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.20%

Debt to equity has declined versus last 3 years average to 0.53

Sales growth has been subdued in last 3 years 3.61%

Net Profit has been subdued in last 3 years 6.53%

Sales growth is not so good in last 4 quarters at 6.80%

Latest Financials - Mahalaxmi Rubtech Ltd.

Standalone Consolidated
TTM EPS (₹) 10.4 8.6
TTM Sales (₹ Cr.) 76.9 285
BVPS (₹.) 49.8 88.4
Reserves (₹ Cr.) 42 83
P/BV 3.98 2.24
PE 19.08 23.12
From the Market
52 Week Low / High (₹) 142.70 / 374.75
All Time Low / High (₹) 0.59 / 374.75
Market Cap (₹ Cr.) 211
Equity (₹ Cr.) 10.6
Face Value (₹) 10
Industry PE 29.4

Management X-Ray of Mahalaxmi Rubtech:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Mahalaxmi Rubtech

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
Sales149145169203228185180137170200
Operating Expenses 137133155188214169163119155186
Manufacturing Costs39485349525246345158
Material Costs87728912414599997186109
Employee Cost 67810111313111213
Other Costs 4655554355
Operating Profit 12121314131516181514
Operating Profit Margin (%) 8.2%8.3%7.9%7.1%5.9%8.4%9.2%12.9%8.8%7.2%
Other Income 0110223346
Interest 3222223344
Depreciation 67788910988
Exceptional Items 0000000000
Profit Before Tax 3455666877
Tax 1122211221
Profit After Tax 2333455656
PAT Margin (%) 1.5%2.0%1.8%1.7%1.7%2.7%2.7%4.5%3.2%2.9%
Adjusted EPS (₹)2.63.33.53.43.33.73.64.65.15.5
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 45485159708388947783
Share Capital 99910111313131111
Reserves 36394249587075816672
Minority Interest0000000000
Debt43373833343127304740
Long Term Debt32252415149810178
Short Term Debt12111418202319203032
Trade Payables17203340454243314452
Others Liabilities 15151517211719191415
Total Liabilities 120120137150170174177175182190

Fixed Assets

Gross Block9696106110122127129141143147
Accumulated Depreciation28344149535867757886
Net Fixed Assets68626561686862666461
CWIP 12014211110
Investments 0000000033
Inventories22172531333534283444
Trade Receivables21283138413736302939
Cash Equivalents 02912121924373733
Others Assets7877111210111410
Total Assets 120120137150170174177175182190

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 71215513112314167
PBT 3455666877
Adjustment 9999810111087
Changes in Working Capital -4-12-82-38-17-5
Tax Paid -10-1-1-2-2-1-2-7-2
Cash Flow From Investing Activity -6-2-8-5-18-6-15-15-1213
Capex -6-2-8-5-18-6-12-5-6-2
Net Investments 000000-5-12-913
Others 0000001222
Cash Flow From Financing Activity -1-90352-81-10-11
Net Proceeds from Shares 0005780000
Net Proceeds from Borrowing -1-6-1-9-2-5-127-9
Interest Paid -3-2-2-1-1-2-3-3-3-4
Dividend Paid 0000000000
Others 202811-41-143
Net Cash Flow -12720800-610
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.326.346.276.185.96.455.626.676.327.28
ROCE (%)6.87.187.216.876.887.257.68.628.49.15
Asset Turnover Ratio1.251.221.331.421.431.071.030.780.951.07
PAT to CFO Conversion(x)3.5451.673.252.24.62.333.21.17
Working Capital Days
Receivable Days46626361637774886462
Inventory Days63494551516870836772
Payable Days8695108107106160156191158161

Mahalaxmi Rubtech Ltd Stock News

Mahalaxmi Rubtech Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Mahalaxmi Rubtech on 12-Jul-2024 16:01 is ₹198.4.
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 12-Jul-2024 16:01 the market cap of Mahalaxmi Rubtech stood at ₹210.6.
The latest P/E ratio of Mahalaxmi Rubtech as of 12-Jul-2024 16:01 is 19.08.
The latest P/B ratio of Mahalaxmi Rubtech as of 12-Jul-2024 16:01 is 3.98.
The 52-week high of Mahalaxmi Rubtech is ₹374.8 and the 52-week low is ₹142.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mahalaxmi Rubtech is ₹76.90 ( Cr.) .

About Mahalaxmi Rubtech Ltd

Mahalaxmi RubTech (MRT) is a part of the Mahalaxmi Group of Industries, incorporated in 1991. A corporate conglomerate active in the manufacture & export of textiles, dyes, pigments, auxiliaries and synthetic rubber / PU-coated fabrics.

MRT is a manufacturer-exporter of truly world class rubber textile printing blankets and coated fabrics. With a track record spanning 13 years and thousands of high-performance blankets, MRT today enjoys a significant presence and high clientele loyalty in markets around the world.

The Mahalaxmi Group has founded its business on a corporate philosophy of blending conventional and modern technologies, to produce ideal manufacturing solutions. And its industrial vision is truly transnational – in technology, perspectives, networking, and service ideas.

Today, Mahalaxmi Group is active in three main areas -- textiles, rubber & chemicals. Between them, all six companies of the Mahalaxmi Group share a value system of commitment to excellence, closeness to customers, accountability to dealers & stakeholders, and a penchant for innovation.

Mahalaxmi Rubtech is headquartered in Ahmedabad, India. It has the technological expertise and the manufacturing capacity to produce blankets of lengths up to 426 feet, and widths up to 3,000 mm.

Mahalaxmi Rubtech Limited has concluded a tie up with Zimmer Textile Technology GmBH of Austria for worldwide marketing of their textile printing blankets. (Excluding Brazil and Colombia). Zimmer TT GmBH is one of the global leaders in supplying complete systems for printing, dyeing, coating and finishing plants and offers their years of accumulated expertise, know-how and services to the textile industry.

Product range of the company includes:

  • Textile Printing Blankets
  • Air Cells
  • Hydraulic Seats
  • Rubber Coated Iron Fabrics

Achievements/ recognition:

  • It is an ISO 9001 certified organization.
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