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BSE: 532140 | NSE: | Textile - Spinning | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Mohite Industries Ltd is a average quality company.
The key valuation ratios of Mohite 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 Mohite 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 % ⓘ | 9.1% | 8.2% | 5.9% | 5.1% | 4.6% | 5.6% | 4.4% | 3.9% | 5.5% | 5.1% | - |
| Value Creation Index ⓘ | -0.4 | -0.4 | -0.6 | -0.6 | -0.7 | -0.6 | -0.7 | -0.7 | -0.6 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 204 | 206 | 128 | 96.1 | 103 | 117 | 99.1 | 67.9 | 139 | 72.7 | 67 |
| Sales YoY Gr. | - | 0.8% | -37.7% | -25.2% | 7.4% | 12.9% | -15% | -31.5% | 104.2% | -47.5% | - |
| Adj EPS ⓘ | 3.4 | 3.4 | 1.7 | 0.7 | 0.7 | 1.1 | 0.8 | 0.5 | 1.8 | 1.5 | 1.2 |
| YoY Gr. | - | 0% | -50.3% | -59.9% | 1.5% | 55.9% | -27.4% | -37.7% | 279.2% | -19.8% | - |
| BVPS (₹) ⓘ | 36.5 | 42.9 | 44.2 | 42.5 | 43.1 | 44.2 | 45 | 45.5 | 49.8 | 51.3 | 51.5 |
| Adj Net Profit ⓘ | 6.8 | 6.7 | 3.4 | 1.3 | 1.4 | 2.1 | 1.6 | 1 | 3.7 | 2.9 | 2 |
| Cash Flow from Ops. ⓘ | 22.4 | 24 | -5.6 | 15.6 | 11.6 | 22.3 | 14.3 | 12.7 | 11.6 | 26.2 | - |
| Debt/CF from Ops. ⓘ | 4 | 3.1 | -15.1 | 5.3 | 7.2 | 3.7 | 5.5 | 6 | 6.3 | 3.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -10.8% | -6.8% | -9.8% | -47.5% | ||||
| Adj EPS ⓘ | -8.9% | 16.5% | 23.8% | -19.8% | ||||
| BVPSⓘ | 3.9% | 3.5% | 4.5% | 2.9% | ||||
| Share Price | 12% | 33.6% | 55.8% | 155.8% | ||||
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 % ⓘ | 9.7 | 8.5 | 3.8 | 1.5 | 1.6 | 2.4 | 1.7 | 1.1 | 3.8 | 2.9 | 2.3 |
| Op. Profit Mgn % ⓘ | 13.4 | 10.2 | 14.5 | 21.3 | 16.8 | 17 | 15.8 | 20.7 | 12.2 | 25.8 | 20.3 |
| Net Profit Mgn % ⓘ | 3.3 | 3.3 | 2.6 | 1.4 | 1.3 | 1.8 | 1.6 | 1.4 | 2.6 | 4 | 3.5 |
| Debt to Equity ⓘ | 1.2 | 0.9 | 1 | 1 | 1 | 0.9 | 0.9 | 0.8 | 0.7 | 0.8 | - |
| Working Cap Days ⓘ | 125 | 128 | 232 | 357 | 348 | 318 | 380 | 563 | 289 | 554 | 112 |
| Cash Conv. Cycle ⓘ | 108 | 103 | 179 | 272 | 271 | 246 | 291 | 432 | 211 | 370 | 81 |
Net Profit is growing at healthy rate in last 3 years 23.77%
Debt to equity has declined versus last 3 years average to 0.81
Return on Equity has declined versus last 3 years average to 2.30%
Sales growth has been subdued in last 3 years -9.79%
Sales growth is not so good in last 4 quarters at -7.20%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.2 | 2.5 |
| TTM Sales (₹ Cr.) | 67.5 | 77.7 |
| BVPS (₹.) ⓘ | 51.5 | 54.5 |
| Reserves (₹ Cr.) ⓘ | 83 | 89 |
| P/BV ⓘ | 1.03 | 0.97 |
| PE ⓘ | 44.60 | 21.48 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 19.50 / 59.33 |
| All Time Low / High (₹) | 1.50 / 380.00 |
| Market Cap (₹ Cr.) | 106 |
| Equity (₹ Cr.) | 20.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 28.7 |
| Pledged * | 40.30 | 6.63 | 6.63 | 66.34 | 6.63 | 6.63 | 6.63 | 6.63 | 6.63 | 6.63 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 204 | 206 | 128 | 96 | 103 | 116 | 99 | 68 | 139 | 73 |
| Operating Expenses ⓘ | 177 | 185 | 110 | 76 | 86 | 97 | 83 | 54 | 122 | 54 |
| Manufacturing Costs | 23 | 24 | 28 | 17 | 17 | 16 | 18 | 12 | 22 | 10 |
| Material Costs | 140 | 145 | 69 | 47 | 54 | 68 | 53 | 34 | 87 | 34 |
| Employee Cost | 10 | 11 | 10 | 9 | 11 | 11 | 10 | 7 | 11 | 8 |
| Other Costs ⓘ | 5 | 5 | 3 | 3 | 3 | 2 | 2 | 1 | 1 | 2 |
| Operating Profit ⓘ | 27 | 21 | 19 | 20 | 17 | 20 | 16 | 14 | 17 | 19 |
| Operating Profit Margin (%) | 13.4% | 10.2% | 14.5% | 21.3% | 16.8% | 17.0% | 15.8% | 20.7% | 12.2% | 25.8% |
| Other Income ⓘ | 1 | 2 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 12 | 9 | 9 | 11 | 9 | 11 | 8 | 8 | 8 | 9 |
| Depreciation ⓘ | 9 | 7 | 8 | 7 | 7 | 7 | 6 | 5 | 5 | 6 |
| Exceptional Items ⓘ | 0 | 0 | 0 | -7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 7 | 7 | 5 | -4 | 1 | 2 | 2 | 1 | 4 | 4 |
| Tax ⓘ | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit After Tax | 7 | 7 | 5 | -3 | 1 | 2 | 2 | 1 | 4 | 3 |
| PAT Margin (%) | 3.3% | 3.3% | 4.0% | -3.6% | 1.3% | 1.8% | 1.6% | 1.4% | 2.6% | 4.0% |
| Adjusted EPS (₹) | 3.3 | 3.4 | 2.6 | -1.7 | 0.7 | 1.1 | 0.8 | 0.5 | 1.8 | 1.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 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 | 73 | 86 | 89 | 85 | 87 | 89 | 90 | 91 | 100 | 103 |
| Share Capital ⓘ | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves ⓘ | 53 | 66 | 69 | 65 | 67 | 69 | 70 | 71 | 80 | 83 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 78 | 70 | 79 | 77 | 77 | 75 | 71 | 67 | 65 | 75 |
| Long Term Debt | 38 | 30 | 40 | 38 | 52 | 53 | 55 | 47 | 44 | 56 |
| Short Term Debt | 40 | 40 | 40 | 39 | 25 | 22 | 17 | 20 | 21 | 19 |
| Trade Payables | 6 | 4 | 5 | 5 | 3 | 3 | 2 | 2 | 1 | 2 |
| Others Liabilities ⓘ | 18 | 12 | 12 | 10 | 12 | 12 | 13 | 14 | 13 | 13 |
| Total Liabilities ⓘ | 175 | 172 | 184 | 177 | 179 | 179 | 176 | 175 | 179 | 193 |
Fixed Assets | ||||||||||
| Gross Block | 182 | 180 | 180 | 183 | 187 | 189 | 194 | 194 | 195 | 213 |
| Accumulated Depreciation | 90 | 88 | 96 | 103 | 111 | 118 | 124 | 129 | 134 | 140 |
| Net Fixed Assetsⓘ | 92 | 92 | 84 | 79 | 76 | 71 | 70 | 65 | 61 | 73 |
| CWIP ⓘ | 6 | 6 | 6 | 0 | 0 | 4 | 0 | 0 | 0 | 5 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 2 | 2 |
| Inventories | 37 | 30 | 31 | 36 | 41 | 40 | 41 | 42 | 35 | 38 |
| Trade Receivables | 29 | 32 | 43 | 43 | 42 | 42 | 42 | 41 | 46 | 32 |
| Cash Equivalents | 3 | 3 | 3 | 1 | 2 | 1 | 1 | 2 | 2 | 6 |
| Others Assetsⓘ | 8 | 10 | 17 | 17 | 17 | 21 | 21 | 23 | 33 | 37 |
| Total Assets ⓘ | 175 | 172 | 184 | 177 | 179 | 179 | 176 | 175 | 179 | 193 |
| 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 ⓘ | 22 | 24 | -6 | 16 | 12 | 22 | 14 | 13 | 12 | 26 |
| PBT ⓘ | 7 | 7 | 5 | -4 | 1 | 2 | 2 | 1 | 4 | 4 |
| Adjustment ⓘ | 20 | 14 | 14 | 24 | 16 | 18 | 14 | 13 | 18 | 15 |
| Changes in Working Capital ⓘ | -5 | 4 | -23 | -5 | -6 | 2 | -2 | -2 | -10 | 8 |
| Tax Paid ⓘ | 0 | -1 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | 2 | -1 | 3 | -4 | -4 | -6 | -3 | 0 | -1 | -23 |
| Capex | 2 | -1 | 3 | -3 | -4 | -6 | -5 | 0 | -1 | -23 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | -26 | -23 | 3 | -13 | -7 | -17 | -12 | -12 | -11 | 1 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -8 | -12 | 15 | 0 | 18 | 1 | 1 | -7 | -3 | 13 |
| Interest Paid ⓘ | -11 | -7 | -8 | -10 | -9 | -11 | -8 | -8 | -8 | -9 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -7 | -4 | -4 | -2 | -16 | -7 | -5 | 3 | 1 | -3 |
| Net Cash Flow ⓘ | -1 | 0 | 0 | -2 | 0 | -1 | 0 | 1 | 0 | 5 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 9.56 | 8.44 | 5.93 | -4 | 1.59 | 2.43 | 1.74 | 1.07 | 3.81 | 2.89 |
| ROCE (%) | 11.38 | 10.2 | 8.76 | 3.8 | 6.04 | 7.39 | 5.82 | 5.24 | 7.14 | 6.92 |
| Asset Turnover Ratio | 1.15 | 1.19 | 0.72 | 0.53 | 0.58 | 0.65 | 0.56 | 0.39 | 0.78 | 0.39 |
| PAT to CFO Conversion(x) | 3.14 | 3.43 | -1.2 | N/A | 12 | 11 | 7 | 13 | 3 | 8.67 | Working Capital Days |
| Receivable Days | 54 | 54 | 107 | 164 | 151 | 131 | 153 | 223 | 115 | 195 |
| Inventory Days | 61 | 59 | 87 | 127 | 137 | 127 | 149 | 222 | 102 | 185 |
| Payable Days | 11 | 12 | 24 | 36 | 27 | 18 | 18 | 22 | 7 | 18 |
R M Mohite Textiles Ltd. was incorporated on October 31, 1990 as a public limited company and received the Certificate for Commencement of Business on March 22, 1991 from Registrar of Companies Maharashtra.
R M Mohite Textiles is a spinning unit manufacturing and exporting 100% cotton yarn of the count range between 20s and 100s. Initially it started with installation of 14112 spindles in 1995. They went in for expansion by setting additional 12896 spindles, with the required back process machinery, making total installed capacity of 35216 spindles in the month of Oct. 1998.
The replacement of machines installed in 1995 was started with new Ring Frames and was finished by September 2005.
Expansion program in manufacturing capacity has been completed and the entire machinery is now fully operational effective from October 1998. Back process machinery like Blow-room, Carding, Combers and Draw-frames, is from ‘Rieter’ – Switzerland. Auto-Coners are of 338 models from ‘Schlafhorst’ – Germany.
The company has installed ‘Vision Shield’ from Rieter, which removes contamination and foreign matter from the cotton in blow-room itself. Also Loepfe Yarn Master 900I Yarn Siro Clearers to check contamination and to remove it at final stage. Loepfe Spectra is also with imperfection channel on Auto-Coners. List of such state-of-the-art machinery installed at their Mills is separately given.
Product range of the company includes:
The company is primarily engaged into manufacturing and marketing of yarn
Yarn for toweling.
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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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