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Mahalaxmi Rubtech Ltd (MHLXMIRU)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514450 NSE: MHLXMIRU Textile | Small Cap | Mahalaxmi Rubtech Share Price

₹169.05 -5.45 (-3.12%)

As on 10-Jun'26 16:01

Mahalaxmi Rubtech Ltd (MHLXMIRU)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514450 NSE: MHLXMIRU Textile | Small Cap | Mahalaxmi Rubtech Share Price

₹169.05 -5.45 (-3.12%)

As on 10-Jun'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹185 Cr.
Current Price
₹169.1
52-Week Low / High
₹150 / 272
TTM EPS
₹20.5
TTM Sales
₹112 Cr.
Book Value per Share
₹85.4
P/E Ratio
8.51
Lower than its 5-year historical median
Industry PE
36.2
Price to Book (P/B)
2.04
Lower than its 5-year historical median
Price to Sales (P/S)
1.66
Higher than its 5-year historical median
EV/EBITDA
4.51
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
27.59%
Outperforms industry median
Return on Capital Employed (ROCE)
30.20%
Outperforms industry median
Return on Assets (ROA)
17.71%
Operating Profit Margin
25.9%
Net Profit Margin
18.21%
Gross Profit Margin
27.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
19.79%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
30.09%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
52.13%
Asset Quality
Promoter Holding
64.80%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹80 Cr.
Equity
₹10.6 Cr.
Face Value
₹10
All Time Low / High
₹0.59 / 374.75

Mahalaxmi Rubtech stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Mahalaxmi Rubtech Ltd a good quality company?
Mahalaxmi Rubtech Ltd is a average quality company, based on a somewhat consistent 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 Mahalaxmi Rubtech Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Mahalaxmi Rubtech Ltd vs industry peers?
Mahalaxmi Rubtech Ltd revenue CAGR is -12.52%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Mahalaxmi Rubtech Ltd?
Promoters hold 64.80% of the Mahalaxmi Rubtech Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Mahalaxmi Rubtech Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 19.2% based on the current price.

10 Year X-Ray : Login to view analysis.

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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7.2%6.9%6.9%7.3%7.6%8.6%8.4%15.3%25.3%30.2%-
Value Creation
Index
-0.5-0.5-0.5-0.5-0.5-0.4-0.40.10.81.2-

Growth Parameters

Sales 16920322818518013717069.476.992.1112
Sales YoY Gr.-20.1%12.4%-19%-2.6%-24%24.2%-59.1%10.7%19.8%-
Adj EPS 3.23.42.93.13.34.54.610.110.215.420.5
YoY Gr.-5.6%-15.6%9.4%5.4%37.3%2.4%118.1%0.4%51.7%-
BVPS (₹) 57.459.560.962.466.370.972.539.349.864.785.4
Adj Net
Profit
2.83.43.34.24.464.910.710.816.422
Cash Flow from Ops. 14.94.713.111.423.314.515.7-316.713.7-
Debt/CF from Ops. 2.97.72.83.11.42.73.2-6.211.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -6.5%-12.5%-18.4%19.8%
Adj EPS 19%36.1%49.2%51.7%
BVPS1.3%-0.5%-3.7%29.9%
Share Price 18.3% 27.2% -11.3% -24.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
5.75.94.95.45.16.65.718.122.826.927.3
Op. Profit
Mgn %
87.15.98.49.212.98.924.123.825.926.5
Net Profit
Mgn %
1.71.71.42.32.44.42.915.51417.819.5
Debt to
Equity
0.90.60.50.40.40.40.70.40.30.20
Working Cap
Days
123124129168166200158288154150113
Cash Conv.
Cycle
4944465655604881846873

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales169203228185180137170697792
Operating Expenses + 155188214169163119155535968
Manufacturing Costs534952524634519910
Material Costs8912414599997186343845
Employee Cost 8101113131112778
Other Costs 5555435345
Operating Profit 13141315161815171824
Operating Profit Margin (%) 7.9%7.1%5.9%8.4%9.2%12.9%8.8%24.1%23.8%25.8%
Other Income + 1022334123
Exceptional Items 0000000000
Interest 2222334221
Depreciation 78891098444
Profit Before Tax 5566687121522
Tax 2221122145
Profit After Tax 3345565111117
PAT Margin (%) 1.8%1.7%1.7%2.7%2.7%4.5%3.2%15.7%14.4%18.2%
Adjusted EPS (₹)3.53.43.33.73.64.65.110.310.415.8
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Mahalaxmi Rubtech - 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 + 51597083889477425369
Share Capital 9101113131311111111
Reserves 42495870758166314258
Debt +38333431273047171413
Long Term Debt241514981017533
Short Term Debt14182023192030121111
Minority Interest0000000000
Trade Payables334045424331448611
Others Liabilities 1517211719191471212
Total Liabilities 1371501701741771751827484105

Fixed Assets

Net Fixed Assets +65616868626664302927
Gross Block106110122127129141143677070
Accumulated Depreciation41495358677578374144
CWIP 01421111012
Investments 0000003000
Inventories25313335342834191617
Trade Receivables313841373630299914
Cash Equivalents 9121219243737112233
Others Assets 7711121011145612
Total Assets 1371501701741771751827484105

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1551311231416-31714
PBT 5566687121522
Adjustment 9981011108342
Changes in Working Capital 2-82-38-17-17-0-2
Tax Paid -1-1-2-2-1-2-7-2-2-7
Cash Flow From Investing Activity + -8-5-18-6-15-15-123-8-9
Capex -8-5-18-6-12-5-6-3-3-3
Net Investments 0000-5-12-95-7-8
Others 00-00122112
Cash Flow From Financing Activity + -0352-81-10-8-4-2
Net Proceeds from Shares 0578000000
Net Proceeds from Borrowing -1-9-2-5-127-6-2-0
Interest Paid -2-1-1-2-3-3-3-2-1-1
Dividend Paid 0000000000
Others 2811-41-14-0-1-1
Net Cash Flow 720800-6-853

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)6.276.185.96.455.626.676.3218.3423.3427.59
ROCE (%)7.216.876.887.257.68.628.415.3125.2930.2
Asset Turnover Ratio1.331.421.431.071.030.780.950.540.970.97
PAT to CFO Conversion(x)51.673.252.24.62.333.2-0.271.550.82
Working Capital Days
Receivable Days6361.3062.9077.407488.2064.30100.1043.2046.60
Inventory Days45.5050.5051.4067.607082.9067.20140.308466.30
Payable Days108.30106.60106.20160.10155.70191158.50277.7064.6068.70

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

Mahalaxmi Rubtech Ltd FAQs

The current trading price of Mahalaxmi Rubtech on 10-Jun-2026 16:01 is ₹169.1.

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 09-Jun-2026 the market cap of Mahalaxmi Rubtech stood at ₹185.3 Cr

The latest P/E ratio of Mahalaxmi Rubtech as of 09-Jun-2026 is 8.51.

The latest P/B ratio of Mahalaxmi Rubtech as of 09-Jun-2026 is 2.04.

The 52-week high of Mahalaxmi Rubtech is ₹272.4 and the 52-week low is ₹150.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mahalaxmi Rubtech is ₹112 ( Cr.) .

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

The key valuation ratios of Mahalaxmi Rubtech 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 Mahalaxmi Rubtech Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

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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