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Mohit Industries Ltd. Stock Analysis

Small Cap
Evaluated by 162 users | BSE: 531453 | NSE: MOHITIND |
Textile
Mohit Industries ( MIL ) was incorporated in the year 1991, promoted by Narayan Saboo and Sitaram Saboo and was formerly known as Mohit Fibers. MIL was incorporated in the the year 1991. It is engaged in manufacturing of texturised yarn and art silk grey fabrics having manufacturing facilities...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 4.78%7.94%8.34%5.12%5.62%6.77%5.79%6.75%5.48%5.84%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 108148176197225247136153158191
Y-o-Y Gr. Rt.-36.9%19.4%11.6%14.5%9.6%-44.8%12.6%3%21.3%
Adjusted EPS (Rs.) 0.891.972.410.510.340.931.090.81-0.19-0.62
Y-o-Y Gr. Rt.-121.4%22.3%-78.8%-33.3%173.5%17.2%-25.7%-123.5%NA
Book Value per Share (Rs.) 21.6622.5530.4830.9532.4833.3919.0519.6120.0220.29
Adjusted Net Profit 12.33.40.70.51.31.51.2-0.3-0.9
Net Op. Cash Flow (Rs. Cr.) -1.22.3-9.60.2-4.93.93.32.11.714
Debt to Cash Flow from Ops -30.5518.21-3.54340.57-15.4822.0719.3233.2740.534.34
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Mohit Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 6.6%-3.2%12%21.3%
Adjusted EPS -196.1%-212.8%-182.9%NA
Book Value per Share -0.7-92.11.4
Share Price -21.2% -41.4% -57.8% -40.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 4.048.629.641.661.062.844.164.19-0.95-3.06
Operating Profit Margin (%) 5.337.375.745.265.766.869.157.466.754.93
Net Profit Margin (%) 0.961.551.940.370.210.541.130.75-0.17-0.46
Debt to Equity 1.471.620.791.711.661.822.362.472.362.12
Working Capital Days 928695108111110197153150132
Cash Conversion Cycle 455159677272115899780
Entity Percentage Holding
Promoters 52.40%
Non-Institutions 47.60%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Mohit Industries Ltd.'s performance infers:

Mohit Industries Ltd. earnings have declined by -212.8%, whereas share price has depreciated -41.4% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Mohit Industries Ltd. share prices over the last 10 years. Here is what we found out:

Mohit Industries Ltd. share price has depreciated -21.1% annually over the past ten years.

Mohit Industries ( MIL ) was incorporated in the year 1991, promoted by Narayan Saboo and Sitaram Saboo and was formerly known as Mohit Fibers. MIL was incorporated in the the year 1991. It is engaged in manufacturing of texturised yarn and art silk grey fabrics having manufacturing facilities at Kim and Sivassa with acapacity to manufacture 18,000 Metric Tonnes of texturised yarns and 12.5 million metres of art silk grey cloth.

The Company started its commercial activities with Yarn

Mohit Industries ( MIL ) was incorporated in the year 1991, promoted by Narayan Saboo and Sitaram Saboo and was formerly known as Mohit Fibers. MIL was incorporated in the the year 1991. It is engaged in manufacturing of texturised yarn and art silk grey fabrics having manufacturing facilities at Kim and Sivassa with acapacity to manufacture 18,000 Metric Tonnes of texturised yarns and 12.5 million metres of art silk grey cloth.

The Company started its commercial activities with Yarn trading and ventured in to manufacturing activities in 1993 with installation of 28 Power looms and High-speed Twisting machines.

1996 witnessed expansion and diversification of Mohit Industries with installation of 2 Texturising machines and 36 Power looms at its Kim unit. Company went for Public Issue during January 1996. In March 1996, the company started one more unit at Silvassa with 1 Texturising machine and added one more Texturising machine in March 2000.

2 more Texturising machines were installed at Silvassa during July 2004 and February 2005. The Company has also upgraded its weaving machineries and installed 28 jacquard machines. Further it has also upgraded its Twisting machineries by installing 10 advanced TFO machines.

With the flourishing expansion and up gradation, the company presently includes 12 Texturising machines, 144 looms, 100 Shuttle less waterjet looms and 27 TFO machines with a production capacity of 18,000 MT of Texturised Yarn and 12.5 million meters of Art Silk Cloth.

Over the period of last 15 years the company has successfully transformed from a family run business to a professionally managed organization. MIL follows a very strict quality control norm on all its procurements, manufacturing and designs. Each product has to pass through a number of quality check resulting reduced rejections and greater cost savings.

Product range of the company includes:

  • AAC Blocks Project- AAC means Autoclaved Aerated Concrete Blocks, kind of building material, normally used in major commercial building projects. The company has studied its viability and feasibility and decided to launch the project in consultation and collaboration with parties of China.
  • Textile- With the continued expansion and upgradation, the company is presently having 12 Texturising machines.
  • Yarn- The products of the company are well accepted in the market and it is leading and well known in the yarn market.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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