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 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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.2% | 7.2% | 6.9% | 6.9% | 7.3% | 7.6% | 8.6% | 8.4% | 15.3% | 25.3% | - |
| Value Creation Index ⓘ | -0.5 | -0.5 | -0.5 | -0.5 | -0.5 | -0.5 | -0.4 | -0.4 | 0.1 | 0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 145 | 169 | 203 | 228 | 185 | 180 | 137 | 170 | 69.4 | 76.9 | 114 |
| Sales YoY Gr. | - | 16.6% | 20.1% | 12.4% | -19% | -2.6% | -24% | 24.2% | -59.1% | 10.7% | - |
| Adj EPS ⓘ | 3 | 3.2 | 3.4 | 2.9 | 3.1 | 3.3 | 4.5 | 4.6 | 10.1 | 10.2 | 11.5 |
| YoY Gr. | - | 7.7% | 5.6% | -15.6% | 9.4% | 5.4% | 37.3% | 2.4% | 118.1% | 0.5% | - |
| BVPS (₹) ⓘ | 53.9 | 57.4 | 59.5 | 60.9 | 62.4 | 66.3 | 70.9 | 72.5 | 39.3 | 49.8 | 56.7 |
| Adj Net Profit ⓘ | 2.6 | 2.8 | 3.4 | 3.3 | 4.2 | 4.4 | 6 | 4.9 | 10.7 | 10.8 | 12 |
| Cash Flow from Ops. ⓘ | 12.4 | 14.9 | 4.7 | 13.1 | 11.4 | 23.3 | 14.5 | 15.7 | -3 | 16.7 | - |
| Debt/CF from Ops. ⓘ | 3.5 | 2.9 | 7.7 | 2.8 | 3.1 | 1.4 | 2.7 | 3.2 | -6.2 | 1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -6.8% | -16.1% | -17.4% | 10.7% | ||||
| Adj EPS ⓘ | 14.6% | 26.6% | 30.9% | 0.5% | ||||
| BVPSⓘ | -0.9% | -4.4% | -11.1% | 26.9% | ||||
| Share Price | 15% | 37.3% | 31.8% | -35.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.7 | 5.7 | 5.9 | 4.9 | 5.4 | 5.1 | 6.6 | 5.7 | 18.1 | 22.8 | 21.6 |
| Op. Profit Mgn % ⓘ | 8.4 | 8 | 7.1 | 5.9 | 8.4 | 9.2 | 12.9 | 8.9 | 24.1 | 23.8 | 18.8 |
| Net Profit Mgn % ⓘ | 1.8 | 1.7 | 1.7 | 1.4 | 2.3 | 2.4 | 4.4 | 2.9 | 15.5 | 14 | 10.7 |
| Debt to Equity ⓘ | 0.9 | 0.9 | 0.6 | 0.5 | 0.4 | 0.4 | 0.4 | 0.7 | 0.4 | 0.3 | 0 |
| Working Cap Days ⓘ | 128 | 123 | 124 | 129 | 168 | 166 | 200 | 158 | 288 | 154 | 110 |
| Cash Conv. Cycle ⓘ | 60 | 49 | 44 | 46 | 56 | 55 | 60 | 48 | 81 | 84 | 62 |
Return on Equity has increased versus last 3 years average to 21.60%
Net Profit is growing at healthy rate in last 3 years 30.94%
Sales growth is good in last 4 quarters at 14.93%
Sales growth has been subdued in last 3 years -17.44%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 11.5 | 8.6 |
| TTM Sales (₹ Cr.) | 114 | 285 |
| BVPS (₹.) ⓘ | 56.7 | 88.4 |
| Reserves (₹ Cr.) ⓘ | 50 | 83 |
| P/BV ⓘ | 2.63 | 1.69 |
| PE ⓘ | 12.97 | 17.40 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 140.00 / 374.75 |
| All Time Low / High (₹) | 0.59 / 374.75 |
| Market Cap (₹ Cr.) | 158 |
| Equity (₹ Cr.) | 10.6 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 26.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 145 | 169 | 203 | 228 | 185 | 180 | 137 | 170 | 69 | 77 |
| Operating Expenses ⓘ | 133 | 155 | 188 | 214 | 169 | 163 | 119 | 155 | 53 | 59 |
| Manufacturing Costs | 48 | 53 | 49 | 52 | 52 | 46 | 34 | 51 | 9 | 9 |
| Material Costs | 72 | 89 | 124 | 145 | 99 | 99 | 71 | 86 | 34 | 38 |
| Employee Cost | 7 | 8 | 10 | 11 | 13 | 13 | 11 | 12 | 7 | 7 |
| Other Costs ⓘ | 6 | 5 | 5 | 5 | 5 | 4 | 3 | 5 | 3 | 4 |
| Operating Profit ⓘ | 12 | 13 | 14 | 13 | 15 | 16 | 18 | 15 | 17 | 18 |
| Operating Profit Margin (%) | 8.3% | 7.9% | 7.1% | 5.9% | 8.4% | 9.2% | 12.9% | 8.8% | 24.1% | 23.8% |
| Other Income ⓘ | 1 | 1 | 0 | 2 | 2 | 3 | 3 | 4 | 1 | 2 |
| Interest ⓘ | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 2 | 2 |
| Depreciation ⓘ | 7 | 7 | 8 | 8 | 9 | 10 | 9 | 8 | 4 | 4 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 4 | 5 | 5 | 6 | 6 | 6 | 8 | 7 | 12 | 15 |
| Tax ⓘ | 1 | 2 | 2 | 2 | 1 | 1 | 2 | 2 | 1 | 4 |
| Profit After Tax | 3 | 3 | 3 | 4 | 5 | 5 | 6 | 5 | 11 | 11 |
| PAT Margin (%) | 2.0% | 1.8% | 1.7% | 1.7% | 2.7% | 2.7% | 4.5% | 3.2% | 15.7% | 14.3% |
| Adjusted EPS (₹) | 3.3 | 3.5 | 3.4 | 3.3 | 3.7 | 3.6 | 4.6 | 5.1 | 10.3 | 10.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 48 | 51 | 59 | 70 | 83 | 88 | 94 | 77 | 42 | 53 |
| Share Capital ⓘ | 9 | 9 | 10 | 11 | 13 | 13 | 13 | 11 | 11 | 11 |
| Reserves ⓘ | 39 | 42 | 49 | 58 | 70 | 75 | 81 | 66 | 31 | 42 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 37 | 38 | 33 | 34 | 31 | 27 | 30 | 47 | 17 | 14 |
| Long Term Debt | 25 | 24 | 15 | 14 | 9 | 8 | 10 | 17 | 5 | 3 |
| Short Term Debt | 11 | 14 | 18 | 20 | 23 | 19 | 20 | 30 | 12 | 11 |
| Trade Payables | 20 | 33 | 40 | 45 | 42 | 43 | 31 | 44 | 8 | 6 |
| Others Liabilities ⓘ | 15 | 15 | 17 | 21 | 17 | 19 | 19 | 14 | 7 | 12 |
| Total Liabilities ⓘ | 120 | 137 | 150 | 170 | 174 | 177 | 175 | 182 | 74 | 84 |
Fixed Assets | ||||||||||
| Gross Block | 96 | 106 | 110 | 122 | 127 | 129 | 141 | 143 | 67 | 70 |
| Accumulated Depreciation | 34 | 41 | 49 | 53 | 58 | 67 | 75 | 78 | 37 | 41 |
| Net Fixed Assetsⓘ | 62 | 65 | 61 | 68 | 68 | 62 | 66 | 64 | 30 | 29 |
| CWIP ⓘ | 2 | 0 | 1 | 4 | 2 | 11 | 1 | 1 | 0 | 1 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 |
| Inventories | 17 | 25 | 31 | 33 | 35 | 34 | 28 | 34 | 19 | 16 |
| Trade Receivables | 28 | 31 | 38 | 41 | 37 | 36 | 30 | 29 | 9 | 9 |
| Cash Equivalents | 2 | 9 | 12 | 12 | 19 | 24 | 37 | 37 | 11 | 22 |
| Others Assetsⓘ | 8 | 7 | 7 | 11 | 12 | 10 | 11 | 14 | 5 | 6 |
| Total Assets ⓘ | 120 | 137 | 150 | 170 | 174 | 177 | 175 | 182 | 74 | 84 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 12 | 15 | 5 | 13 | 11 | 23 | 14 | 16 | -3 | 17 |
| PBT ⓘ | 4 | 5 | 5 | 6 | 6 | 6 | 8 | 7 | 12 | 15 |
| Adjustment ⓘ | 9 | 9 | 9 | 8 | 10 | 11 | 10 | 8 | 3 | 4 |
| Changes in Working Capital ⓘ | -1 | 2 | -8 | 2 | -3 | 8 | -1 | 7 | -17 | -0 |
| Tax Paid ⓘ | 0 | -1 | -1 | -2 | -2 | -1 | -2 | -7 | -2 | -2 |
| Cash Flow From Investing Activity ⓘ | -2 | -8 | -5 | -18 | -6 | -15 | -15 | -12 | 3 | -8 |
| Capex | -2 | -8 | -5 | -18 | -6 | -12 | -5 | -6 | -3 | -3 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | -5 | -12 | -9 | 5 | -7 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 2 | 1 | 1 |
| Cash Flow From Financing Activityⓘ | -9 | 0 | 3 | 5 | 2 | -8 | 1 | -10 | -8 | -4 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 5 | 7 | 8 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -6 | -1 | -9 | -2 | -5 | -1 | 2 | 7 | -6 | -2 |
| Interest Paid ⓘ | -2 | -2 | -1 | -1 | -2 | -3 | -3 | -3 | -2 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 2 | 8 | 1 | 1 | -4 | 1 | -14 | 0 | -1 |
| Net Cash Flow ⓘ | 2 | 7 | 2 | 0 | 8 | 0 | 0 | -6 | -8 | 5 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 6.34 | 6.27 | 6.18 | 5.9 | 6.45 | 5.62 | 6.67 | 6.32 | 18.34 | 23.34 |
| ROCE (%) | 7.18 | 7.21 | 6.87 | 6.88 | 7.25 | 7.6 | 8.62 | 8.4 | 15.31 | 25.29 |
| Asset Turnover Ratio | 1.22 | 1.33 | 1.42 | 1.43 | 1.07 | 1.03 | 0.78 | 0.95 | 0.54 | 0.97 |
| PAT to CFO Conversion(x) | 4 | 5 | 1.67 | 3.25 | 2.2 | 4.6 | 2.33 | 3.2 | -0.27 | 1.55 | Working Capital Days |
| Receivable Days | 62 | 63 | 61 | 63 | 77 | 74 | 88 | 64 | 100 | 43 |
| Inventory Days | 49 | 45 | 51 | 51 | 68 | 70 | 83 | 67 | 140 | 84 |
| Payable Days | 95 | 108 | 107 | 106 | 160 | 156 | 191 | 158 | 278 | 65 |
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:
Achievements/ recognition:
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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.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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