Past 10 year's financial track record analysis by Moneyworks4me indicates that Mayur Uniquoters Ltd is a good quality company.
The key valuation ratios of Mayur Uniquoters 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 Mayur Uniquoters Ltd is likely to Rise-somewhat 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 % ⓘ | 36.3% | 36% | 31.7% | 32.7% | 26.1% | 18.5% | 18.8% | 16.1% | 18.1% | 18.9% | - |
| Value Creation Index ⓘ | 1.6 | 1.6 | 1.3 | 1.3 | 0.9 | 0.3 | 0.3 | 0.2 | 0.3 | 0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 506 | 511 | 477 | 552 | 573 | 516 | 501 | 631 | 764 | 764 | 802 |
| Sales YoY Gr. | - | 0.9% | -6.7% | 15.8% | 3.8% | -9.9% | -3% | 26% | 21.1% | 0% | - |
| Adj EPS ⓘ | 14.7 | 17.6 | 17.6 | 20.2 | 17.8 | 16.4 | 19.7 | 17.5 | 22.9 | 25.9 | 31.6 |
| YoY Gr. | - | 19.8% | -0.1% | 14.8% | -11.9% | -8.3% | 20.4% | -11.3% | 31.1% | 13.1% | - |
| BVPS (₹) ⓘ | 51.6 | 73.9 | 85.6 | 100 | 115.4 | 129.5 | 142.5 | 159.1 | 172.4 | 197.4 | 202.9 |
| Adj Net Profit ⓘ | 63.8 | 81.6 | 80.7 | 91.7 | 80.8 | 74.1 | 87.8 | 77.9 | 101 | 114 | 137 |
| Cash Flow from Ops. ⓘ | 53.3 | 65.3 | 78.4 | 85.9 | 68 | 58.1 | 56.7 | 12 | 115 | 92.2 | - |
| Debt/CF from Ops. ⓘ | 0.8 | 0.4 | 0.2 | 0.1 | 0.3 | 0.6 | 0.7 | 2.4 | 0.2 | 0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.7% | 5.9% | 15.1% | 0% | ||||
| Adj EPS ⓘ | 6.5% | 7.8% | 9.6% | 13.1% | ||||
| BVPSⓘ | 16.1% | 11.3% | 11.5% | 14.6% | ||||
| Share Price | 3.5% | 23.2% | 1.6% | 8.2% | ||||
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 % ⓘ | 28.8 | 26.1 | 22 | 21.7 | 16.5 | 13.4 | 14.4 | 11.6 | 13.7 | 14 | 15.8 |
| Op. Profit Mgn % ⓘ | 19.6 | 26.2 | 26.7 | 26.3 | 22.2 | 20.7 | 24.1 | 18 | 18.8 | 20.4 | 21.2 |
| Net Profit Mgn % ⓘ | 12.6 | 16 | 16.9 | 16.6 | 14.1 | 14.4 | 17.5 | 12.4 | 13.2 | 14.9 | 17.1 |
| Debt to Equity ⓘ | 0.2 | 0.1 | 0 | 0 | 0 | 0.1 | 0.1 | 0 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 141 | 170 | 188 | 167 | 175 | 221 | 250 | 226 | 201 | 215 | 136 |
| Cash Conv. Cycle ⓘ | 39 | 62 | 76 | 75 | 86 | 110 | 137 | 142 | 131 | 141 | 118 |
Return on Equity has increased versus last 3 years average to 15.80%
Sales growth is growing at healthy rate in last 3 years 15.13%
Net Profit has been subdued in last 3 years 9.58%
Sales growth is not so good in last 4 quarters at 8.04%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 31.6 | 31.5 |
| TTM Sales (₹ Cr.) | 802 | 820 |
| BVPS (₹.) ⓘ | 202.9 | 203.2 |
| Reserves (₹ Cr.) ⓘ | 860 | 861 |
| P/BV ⓘ | 2.97 | 2.96 |
| PE ⓘ | 19.05 | 19.14 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 454.05 / 698.00 |
| All Time Low / High (₹) | 0.16 / 698.00 |
| Market Cap (₹ Cr.) | 2,617 |
| Equity (₹ Cr.) | 21.7 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 29.6 |
| 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 | 506 | 511 | 477 | 552 | 573 | 516 | 501 | 631 | 764 | 764 |
| Operating Expenses ⓘ | 407 | 377 | 349 | 407 | 446 | 410 | 380 | 517 | 620 | 608 |
| Manufacturing Costs | 30 | 31 | 28 | 34 | 40 | 39 | 37 | 45 | 62 | 64 |
| Material Costs | 326 | 292 | 271 | 324 | 352 | 306 | 281 | 396 | 472 | 462 |
| Employee Cost | 21 | 25 | 26 | 28 | 29 | 32 | 34 | 39 | 38 | 43 |
| Other Costs ⓘ | 30 | 30 | 23 | 22 | 25 | 32 | 29 | 38 | 48 | 40 |
| Operating Profit ⓘ | 99 | 134 | 127 | 145 | 127 | 107 | 120 | 114 | 144 | 156 |
| Operating Profit Margin (%) | 19.6% | 26.2% | 26.7% | 26.3% | 22.2% | 20.7% | 24.0% | 18.0% | 18.8% | 20.4% |
| Other Income ⓘ | 9 | 8 | 11 | 13 | 22 | 19 | 20 | 20 | 16 | 31 |
| Interest ⓘ | 3 | 3 | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 2 |
| Depreciation ⓘ | 12 | 16 | 17 | 17 | 18 | 18 | 18 | 20 | 22 | 29 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 93 | 122 | 121 | 140 | 130 | 106 | 118 | 111 | 135 | 155 |
| Tax ⓘ | 27 | 39 | 39 | 46 | 43 | 25 | 29 | 27 | 28 | 36 |
| Profit After Tax | 66 | 83 | 82 | 94 | 87 | 81 | 89 | 84 | 107 | 120 |
| PAT Margin (%) | 13.0% | 16.1% | 17.2% | 17.0% | 15.2% | 15.6% | 17.8% | 13.4% | 14.1% | 15.6% |
| Adjusted EPS (₹) | 15.2 | 17.2 | 17.9 | 20.8 | 19.2 | 17.8 | 20.0 | 18.9 | 24.5 | 27.2 |
| Dividend Payout Ratio (%) | 21% | 20% | 6% | 7% | 17% | 22% | 10% | 11% | 8% | 11% |
| 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 | 283 | 342 | 392 | 453 | 523 | 587 | 635 | 709 | 758 | 868 |
| Share Capital ⓘ | 81 | 23 | 23 | 23 | 23 | 23 | 22 | 22 | 22 | 22 |
| Reserves ⓘ | 202 | 319 | 369 | 431 | 500 | 564 | 613 | 687 | 736 | 846 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 37 | 20 | 7 | 2 | 19 | 26 | 34 | 20 | 14 | 7 |
| Long Term Debt | 14 | 9 | 4 | 2 | 13 | 16 | 14 | 20 | 14 | 7 |
| Short Term Debt | 24 | 11 | 3 | 0 | 6 | 10 | 19 | 0 | 0 | 0 |
| Trade Payables | 52 | 38 | 58 | 58 | 57 | 58 | 57 | 50 | 69 | 51 |
| Others Liabilities ⓘ | 108 | 142 | 70 | 68 | 71 | 59 | 66 | 74 | 33 | 36 |
| Total Liabilities ⓘ | 480 | 542 | 526 | 581 | 670 | 730 | 792 | 853 | 874 | 962 |
Fixed Assets | ||||||||||
| Gross Block | 180 | 194 | 145 | 166 | 175 | 230 | 281 | 327 | 370 | 389 |
| Accumulated Depreciation | 43 | 59 | 17 | 34 | 51 | 69 | 87 | 107 | 128 | 157 |
| Net Fixed Assetsⓘ | 137 | 135 | 128 | 132 | 124 | 161 | 194 | 220 | 241 | 232 |
| CWIP ⓘ | 6 | 8 | 4 | 2 | 39 | 39 | 15 | 12 | 1 | 1 |
| Investmentsⓘ | 76 | 97 | 124 | 156 | 194 | 172 | 212 | 160 | 144 | 198 |
| Inventories | 56 | 50 | 58 | 71 | 95 | 107 | 127 | 183 | 178 | 154 |
| Trade Receivables | 91 | 124 | 129 | 133 | 120 | 139 | 156 | 156 | 195 | 235 |
| Cash Equivalents | 27 | 14 | 20 | 26 | 19 | 19 | 19 | 27 | 57 | 37 |
| Others Assetsⓘ | 88 | 114 | 63 | 61 | 78 | 93 | 69 | 95 | 58 | 106 |
| Total Assets ⓘ | 480 | 542 | 526 | 581 | 670 | 730 | 792 | 853 | 874 | 962 |
| 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 ⓘ | 53 | 65 | 78 | 86 | 68 | 58 | 57 | 12 | 115 | 92 |
| PBT ⓘ | 93 | 122 | 121 | 140 | 130 | 106 | 118 | 111 | 135 | 155 |
| Adjustment ⓘ | 8 | 13 | 11 | 8 | 6 | 10 | 4 | 7 | 16 | 7 |
| Changes in Working Capital ⓘ | -23 | -36 | -8 | -15 | -21 | -33 | -43 | -76 | -1 | -36 |
| Tax Paid ⓘ | -25 | -33 | -46 | -46 | -47 | -25 | -22 | -30 | -35 | -34 |
| Cash Flow From Investing Activity ⓘ | -94 | -33 | -26 | -30 | -71 | -48 | -19 | 17 | -32 | -78 |
| Capex | -34 | -18 | -11 | -7 | -46 | -49 | -27 | -47 | -30 | -21 |
| Net Investments | -66 | -21 | -17 | -26 | -19 | 30 | -29 | 57 | -1 | -65 |
| Others ⓘ | 6 | 6 | 1 | 4 | -6 | -29 | 38 | 7 | -1 | 8 |
| Cash Flow From Financing Activityⓘ | 53 | -44 | -46 | -50 | -3 | -7 | -37 | -21 | -66 | -21 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | -6 | -5 | 12 | 9 | -2 | 9 | -5 | -10 |
| Interest Paid ⓘ | -2 | -1 | -1 | -1 | -1 | -1 | -2 | -2 | -2 | -2 |
| Dividend Paid ⓘ | -14 | -21 | -5 | -6 | -15 | -15 | -5 | -9 | -9 | -9 |
| Others ⓘ | 69 | -21 | -35 | -37 | 1 | 1 | -28 | -19 | -50 | 0 |
| Net Cash Flow ⓘ | 12 | -12 | 6 | 6 | -7 | 4 | 1 | 8 | 17 | -7 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 34.29 | 29.19 | 22.36 | 22.26 | 17.85 | 14.53 | 14.57 | 12.55 | 14.66 | 14.71 |
| ROCE (%) | 36.34 | 35.96 | 31.65 | 32.7 | 26.09 | 18.47 | 18.79 | 16.07 | 18.12 | 18.94 |
| Asset Turnover Ratio | 1.35 | 1.1 | 0.98 | 1.02 | 0.93 | 0.75 | 0.66 | 0.77 | 0.91 | 0.86 |
| PAT to CFO Conversion(x) | 0.8 | 0.78 | 0.95 | 0.91 | 0.78 | 0.72 | 0.64 | 0.14 | 1.07 | 0.77 | Working Capital Days |
| Receivable Days | 52 | 70 | 88 | 85 | 79 | 90 | 106 | 90 | 82 | 100 |
| Inventory Days | 39 | 35 | 38 | 42 | 52 | 71 | 85 | 89 | 84 | 77 |
| Payable Days | 64 | 56 | 64 | 65 | 60 | 68 | 75 | 49 | 46 | 47 |
Mayur Uniquoters Limited was established in 1992 by the present Chairman and MD , S K Poddar. It is a tech enterprise and has been a resounding success in the field of superior quality synthetic leather in India. Driven by a vision to manufacture world-class products for the leather connoisseurs and the trend setters of the time, Mayur was born out of high levels of competence, committment, stringent quality control measures and value addition. Thus a great seed of possibilities was planted by a team of professionals. Today Mayur has made it's mark as a manufacturer of PU, PVC and PU-PVC synthetic leather under the seasoned guidance and support by a unit of highly qualified engineers and technocrats
With a large network of premium products, the guiding principle of this enterprise has always been customer delight, beyond customer satisfaction. And since the limits of technology can be challenged by the vitality of progressive thinking, with constant research and development, Mayur marches on in its global pursuit of opening up a new horizon to the Synthetic leather World.
Making use of the best technologies and raw materials available in the world, having implemented the best management practices and always striving to be the best in the business has been the principle of Mayur since it’s inception.
Mayur has responded to changing customer needs of the hour by maintaining state-of-the-art equipment and facilities like a modern 4 Head Italian Coating Line from Matex, a fully new coating line, Embossing Mahines, Printing machine, Sueding Machine, Dry and Wet Tumbling Machines.Automated lab with lab-coater from Werner Mathis, Switzerland, SATRA and Bally Flex Testers and other Laboratory equipment for quality control.
Product range of the company includes:
Achievements/ recognition:
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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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