Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mohit Industries Ltd is a below average quality company.
The key valuation ratios of Mohit 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 Weak which suggest that the price of Mohit Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 5.6% | 6.8% | 5.8% | 6.8% | 5.5% | 5.8% | 5.2% | 5.3% | 3.7% | 1% | - |
| Value Creation Index ⓘ | -0.6 | -0.5 | -0.6 | -0.5 | -0.6 | -0.6 | -0.6 | -0.6 | -0.7 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 225 | 247 | 136 | 153 | 158 | 191 | 175 | 150 | 167 | 167 | 151 |
| Sales YoY Gr. | - | 9.6% | -44.8% | 12.6% | 3% | 21.3% | -8.7% | -14.5% | 11.5% | 0.3% | - |
| Adj EPS ⓘ | 0.3 | 0.9 | 1.1 | 0.8 | -0.2 | -0.6 | -0.6 | 0.2 | -0.4 | -1.6 | -1.8 |
| YoY Gr. | - | 173.5% | 17.2% | -25.7% | -123.5% | NA | NA | NA | -294.7% | NA | - |
| BVPS (₹) ⓘ | 32.5 | 33.4 | 19.1 | 19.6 | 20 | 20.3 | 20.5 | 21.1 | 25.3 | 27.2 | 29 |
| Adj Net Profit ⓘ | 0.5 | 1.3 | 1.5 | 1.2 | -0.3 | -0.9 | -0.9 | 0.3 | -0.5 | -2.2 | -3 |
| Cash Flow from Ops. ⓘ | -4.9 | 3.9 | 3.3 | 2.1 | 1.7 | 14 | 8.6 | 1.9 | -1.5 | -4.7 | - |
| Debt/CF from Ops. ⓘ | -15.5 | 22.1 | 19.3 | 33.3 | 40.5 | 4.3 | 5.9 | 26.8 | -35.4 | -11.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -3.3% | 1.1% | -1.5% | 0.3% | ||||
| Adj EPS ⓘ | -218.4% | NA | NA | NA | ||||
| BVPSⓘ | -2% | 6.3% | 9.9% | 7.5% | ||||
| Share Price | -2.9% | 20.1% | 46.6% | 50.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.1 | 2.8 | 4.2 | 4.2 | -1 | -3.1 | -3 | 0.9 | -1.6 | -5.9 | -6.6 |
| Op. Profit Mgn % ⓘ | 5.8 | 6.9 | 9.2 | 7.5 | 6.8 | 4.9 | 4.4 | 4.9 | 3 | 1.3 | 0.3 |
| Net Profit Mgn % ⓘ | 0.2 | 0.5 | 1.1 | 0.8 | -0.2 | -0.5 | -0.5 | 0.2 | -0.3 | -1.3 | -1.7 |
| Debt to Equity ⓘ | 1.7 | 1.8 | 2.4 | 2.5 | 2.4 | 2.1 | 1.8 | 1.7 | 1.5 | 1.5 | - |
| Working Cap Days ⓘ | 111 | 110 | 197 | 153 | 150 | 132 | 136 | 146 | 133 | 134 | 62 |
| Cash Conv. Cycle ⓘ | 72 | 72 | 115 | 89 | 97 | 80 | 72 | 80 | 78 | 84 | 11 |
Debt to equity has declined versus last 3 years average to 1.45
Return on Equity is Poor
Sales growth has been subdued in last 3 years -1.50%
Sales growth is not so good in last 4 quarters at -4.55%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -1.8 | -1.9 |
| TTM Sales (₹ Cr.) | 151 | 151 |
| BVPS (₹.) ⓘ | 29 | 155.6 |
| Reserves (₹ Cr.) ⓘ | 27 | 206 |
| P/BV ⓘ | 0.77 | 0.14 |
| PE ⓘ | 0.00 | 0.00 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 12.85 / 24.90 |
| All Time Low / High (₹) | 2.80 / 88.95 |
| Market Cap (₹ Cr.) | 31.8 |
| Equity (₹ Cr.) | 14.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 28.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 225.10 | 246.80 | 136.16 | 153.33 | 157.91 | 191.47 | 174.79 | 149.50 | 166.65 | 167.06 |
| Operating Expenses ⓘ | 212.14 | 230.09 | 123.71 | 141.89 | 147.26 | 182.03 | 167.18 | 142.16 | 161.63 | 164.90 |
| Manufacturing Costs | 26.27 | 32.01 | 17.01 | 18.08 | 18.81 | 19.16 | 20.25 | 17.67 | 17.51 | 18.43 |
| Material Costs | 161.17 | 164.85 | 93.42 | 109.91 | 113.48 | 147.86 | 133.05 | 112.54 | 130.07 | 132.40 |
| Employee Cost | 9.99 | 11.71 | 7.15 | 7.48 | 7.36 | 7.57 | 7.92 | 6.81 | 7.60 | 8.27 |
| Other Costs ⓘ | 14.72 | 21.52 | 6.13 | 6.42 | 7.61 | 7.45 | 5.95 | 5.14 | 6.45 | 5.79 |
| Operating Profit ⓘ | 12.96 | 16.71 | 12.45 | 11.44 | 10.65 | 9.44 | 7.61 | 7.35 | 5.02 | 2.17 |
| Operating Profit Margin (%) | 5.8% | 6.8% | 9.1% | 7.5% | 6.7% | 4.9% | 4.4% | 4.9% | 3.0% | 1.3% |
| Other Income ⓘ | 2.44 | 2.02 | 1.47 | 1.76 | 2.16 | 3.96 | 3.10 | 1.69 | 3.21 | 2.74 |
| Interest ⓘ | 9 | 10.48 | 7.08 | 7.38 | 7.89 | 8.96 | 7.47 | 5.65 | 5.25 | 4.48 |
| Depreciation ⓘ | 4.46 | 5.41 | 3.96 | 4.19 | 4.06 | 3.83 | 3.11 | 2.45 | 2.63 | 1.72 |
| Exceptional Items ⓘ | 1.64 | -0.52 | 0.24 | 0.06 | -0.01 | 0 | -0.02 | 0.10 | 0.01 | 0 |
| Profit Before Tax ⓘ | 3.58 | 2.32 | 3.14 | 1.69 | 0.87 | 0.61 | 0.11 | 1.04 | 0.36 | -1.29 |
| Tax ⓘ | 1.41 | 0.90 | 0.96 | 0.02 | 0.51 | -0.08 | -0.12 | 0.36 | 0.08 | 0.18 |
| Profit After Tax | 2.17 | 1.42 | 2.18 | 1.67 | 0.35 | 0.68 | 0.23 | 0.68 | 0.28 | -1.47 |
| PAT Margin (%) | 1.0% | 0.6% | 1.6% | 1.1% | 0.2% | 0.4% | 0.1% | 0.5% | 0.2% | -0.9% |
| Adjusted EPS (₹) | 1.5 | 1.0 | 1.5 | 1.2 | 0.3 | 0.5 | 0.2 | 0.5 | 0.2 | -1.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 65% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 45.99 | 47.27 | 26.97 | 27.76 | 28.34 | 28.72 | 28.95 | 29.81 | 35.79 | 38.46 |
| Share Capital ⓘ | 14.16 | 14.16 | 14.16 | 14.16 | 14.16 | 14.16 | 14.16 | 14.16 | 14.16 | 14.16 |
| Reserves ⓘ | 31.83 | 33.12 | 12.81 | 13.61 | 14.18 | 14.56 | 14.79 | 15.66 | 21.64 | 24.31 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 69.87 | 79.23 | 57.70 | 63.39 | 64.23 | 57.02 | 48.64 | 46.81 | 48.28 | 50.48 |
| Long Term Debt | 27.21 | 31.02 | 12.41 | 14.10 | 10.99 | 7.82 | 7.24 | 12.50 | 16.11 | 8.28 |
| Short Term Debt | 42.66 | 48.21 | 45.29 | 49.29 | 53.24 | 49.20 | 41.40 | 34.31 | 32.17 | 42.20 |
| Trade Payables | 10.02 | 11.73 | 6.02 | 0.54 | 3.63 | 9.88 | 6.20 | 4.64 | 6.07 | 3.07 |
| Others Liabilities ⓘ | 17.22 | 17.99 | 14.17 | 10.54 | 6.91 | 7.83 | 5.20 | 6.92 | 6.42 | 7.48 |
| Total Liabilities ⓘ | 143.09 | 156.22 | 104.85 | 102.23 | 103.10 | 103.46 | 88.99 | 88.18 | 96.57 | 99.50 |
Fixed Assets | ||||||||||
| Gross Block | 86.13 | 95.61 | 56.58 | 62.61 | 67.28 | 68.03 | 67.50 | 66.72 | 66.67 | 67.06 |
| Accumulated Depreciation | 23.94 | 28.86 | 28.28 | 32.07 | 34.97 | 38.80 | 41.32 | 42.48 | 44.84 | 46.56 |
| Net Fixed Assetsⓘ | 62.19 | 66.74 | 28.31 | 30.53 | 32.31 | 29.23 | 26.18 | 24.24 | 21.83 | 20.49 |
| CWIP ⓘ | 0.10 | 2.04 | 1.88 | 3.81 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 3.85 | 2.76 | 2.75 | 2.75 | 3.12 | 2.81 | 2.79 | 2.31 | 12.53 | 16.64 |
| Inventories | 17.58 | 22.32 | 20.10 | 16.52 | 22.96 | 23.41 | 21.12 | 21.87 | 23.66 | 24.69 |
| Trade Receivables | 45.62 | 41.86 | 26.20 | 23.38 | 26.65 | 24.84 | 16.37 | 17.51 | 19.31 | 17.98 |
| Cash Equivalents | 2.03 | 1.80 | 0.56 | 0.89 | 0.43 | 0.58 | 0.87 | 0.45 | 0.11 | 0.22 |
| Others Assetsⓘ | 11.72 | 18.69 | 25.05 | 24.35 | 17.63 | 22.58 | 21.66 | 21.81 | 19.13 | 19.47 |
| Total Assets ⓘ | 143.09 | 156.22 | 104.85 | 102.23 | 103.10 | 103.46 | 88.99 | 88.18 | 96.57 | 99.50 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -4.93 | 3.91 | 3.30 | 2.06 | 1.65 | 14.02 | 8.55 | 1.89 | -1.48 | -4.73 |
| PBT ⓘ | 3.58 | 2.32 | 3.14 | 1.69 | 0.87 | 0.61 | 0.11 | 1.04 | 0.36 | -1.29 |
| Adjustment ⓘ | 11.04 | 6.03 | 3.65 | 3.68 | 3.59 | 2.59 | 2.31 | 1.39 | 1.14 | 0.59 |
| Changes in Working Capital ⓘ | -10.57 | -3.82 | -3.18 | -2.46 | -2.52 | 10.83 | 6.84 | -0.23 | -2.46 | -3.88 |
| Tax Paid ⓘ | -0.46 | -0.62 | -0.30 | -0.85 | -0.28 | -0.01 | -0.71 | -0.31 | -0.52 | -0.15 |
| Cash Flow From Investing Activity ⓘ | 6.57 | -13.66 | -6.69 | -5.65 | -2.96 | -6.66 | 0.23 | -0.47 | -0.27 | 0.98 |
| Capex | 0.93 | -12.22 | -2.38 | -8.28 | -2.03 | -0.76 | -0.07 | -0.40 | -0.21 | -0.39 |
| Net Investments | 3.09 | 0.68 | 0.02 | 0 | -0.15 | 0.01 | -0.40 | -0.10 | -4.39 | 0.05 |
| Others ⓘ | 2.55 | -2.12 | -4.33 | 2.64 | -0.78 | -5.91 | 0.70 | 0.04 | 4.33 | 1.32 |
| Cash Flow From Financing Activityⓘ | -1.64 | 9.36 | 3.36 | 3.98 | 0.84 | -7.21 | -8.38 | -1.84 | 1.59 | 3.73 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0.40 | -3.17 | -0.57 | 0.09 | 5.16 | -3.90 |
| Interest Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | -1.42 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -1.64 | 9.36 | 3.36 | 5.40 | 0.45 | -4.04 | -7.80 | -1.93 | -3.57 | 7.64 |
| Net Cash Flow ⓘ | 0 | -0.39 | -0.03 | 0.40 | -0.46 | 0.16 | 0.40 | -0.42 | -0.15 | -0.02 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.84 | 3.05 | 5.86 | 6.1 | 1.25 | 2.4 | 0.81 | 2.31 | 0.87 | -3.97 |
| ROCE (%) | 10.43 | 10.01 | 9.11 | 9.7 | 9.13 | 10.34 | 8.96 | 8.37 | 6.67 | 3.5 |
| Asset Turnover Ratio | 1.64 | 1.75 | 1.1 | 1.57 | 1.55 | 1.85 | 1.82 | 1.69 | 1.8 | 1.71 |
| PAT to CFO Conversion(x) | -2.27 | 2.75 | 1.51 | 1.23 | 4.71 | 20.62 | 37.17 | 2.78 | -5.29 | N/A | Working Capital Days |
| Receivable Days | 64 | 61 | 87 | 56 | 57 | 49 | 43 | 41 | 40 | 41 |
| Inventory Days | 26 | 28 | 54 | 41 | 45 | 44 | 46 | 52 | 50 | 53 |
| Payable Days | 24 | 24 | 35 | 11 | 7 | 17 | 22 | 18 | 15 | 13 |
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:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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