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Last Updated on: 25 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Mayur Uniquoters Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 24, 2024, 8:16 pm

Market Cap 2,643 Cr.
Current Price 602
High / Low 700/454
Stock P/E19.2
Book Value 201
Dividend Yield0.50 %
ROCE18.8 %
ROE14.6 %
Face Value 5.00
PEG Ratio2.59

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Mayur Uniquoters Ltd

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
NB Footwear Ltd 21.9 Cr. 16.2 20.9/5.66 1.090.00 %%% 10.0
Euro Leder Fashion Ltd 12.4 Cr. 27.7 33.7/17.6155 32.20.00 %6.05 %2.31 % 10.0
Billwin Industries Ltd 14.6 Cr. 35.0 70.1/34.221.8 33.10.00 %13.4 %12.8 % 10.0
Anka India Ltd 30.1 Cr. 19.6 22.0/9.25 5.360.00 %%% 10.0
Amin Tannery Ltd 27.4 Cr. 2.54 3.09/1.9691.4 1.170.00 %5.03 %2.92 % 1.00
Industry Average853.33 Cr211.35343.21126.900.08%7.85%4.96%8.00

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales163189127188169147201195170199192182175
Expenses119134103153137124164161136159153144137
Operating Profit44552435322337343340393838
OPM %27%29%19%18%19%16%18%17%20%20%20%21%22%
Other Income6564285452889
Interest0211110011111
Depreciation5555555557777
Profit before tax46532433292636323334393839
Tax %24%25%24%24%24%24%20%22%20%20%23%25%25%
Net Profit35391825221929252627302829
EPS in Rs7.658.784.065.594.904.366.525.785.936.236.816.456.65

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales315379466503507477552573516501631764742
Expenses262309372401371349407446410380517620592
Operating Profit536994102136127145128107120114144150
OPM %17%18%20%20%27%27%26%22%21%24%18%19%20%
Other Income231661113211920201623
Interest2243311123223
Depreciation45712161717181818202226
Profit before tax49648493122121140130106118111135143
Tax %32%32%32%29%32%32%33%33%24%25%24%21%
Net Profit3344576683829487818984107112
EPS in Rs7.7210.0513.1215.2217.8317.9320.7619.2317.7919.9718.9224.4525.42
Dividend Payout %22%24%18%20%20%6%8%17%22%10%11%8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)33.33%29.55%15.79%25.76%-1.20%14.63%-7.45%-6.90%9.88%-5.62%27.38%
Change in YoY Net Profit Growth (%)0.00%-3.79%-13.76%9.97%-26.96%15.84%-22.08%0.55%16.77%-15.49%33.00%

Mayur Uniquoters Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:6%
3 Years:15%
TTM:8%
Compounded Profit Growth
10 Years:8%
5 Years:6%
3 Years:11%
TTM:23%
Stock Price CAGR
10 Years:4%
5 Years:24%
3 Years:3%
1 Year:10%
Return on Equity
10 Years:17%
5 Years:14%
3 Years:14%
Last Year:15%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:32 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital11112223232323232222222222
Reserves108150202319369431500564613687736846860
Borrowings25421042612622344130251512
Other Liabilities70988473767580849381917999
Total Liabilities213300411441480535625705769820874962993
Fixed Assets5598136135128132124161194220241232224
CWIP1927684239391512114
Investments14107697124156194172212160144198221
Other Assets126166193201224244267333348428488532543
Total Assets213300411441480535625705769820874962993

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +2749536578866858571211592
Cash from Investing Activity +-36-46-94-34-26-30-71-48-1917-32-78
Cash from Financing Activity +8053-44-46-50-3-7-37-21-66-21
Net Cash Flow-1312-1266-741817-7

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow53.0044.0052.00-2.00110.00115.00139.00106.0073.0079.0084.00119.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days54536689998876981139093112
Inventory Days60746363788099128165169138122
Days Payable657358477865596974465440
Cash Conversion Cycle50537110599103116157204213177194
Working Capital Days394257819695103134168181152192
ROCE %57%51%36%36%31%33%26%18%18%16%18%19%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters59.87%59.43%59.43%59.46%59.11%59.11%59.11%59.11%58.52%58.52%58.52%58.52%
FIIs1.52%1.68%1.57%1.32%1.55%1.60%1.80%2.00%2.40%2.84%2.84%3.28%
DIIs4.76%4.42%4.32%4.29%7.23%9.41%9.75%9.39%9.68%8.67%6.44%3.97%
Public33.85%34.47%34.69%34.92%32.11%29.88%29.35%29.50%29.40%29.97%32.21%34.24%
No. of Shareholders31,60633,32756,19538,80234,88334,29532,44831,76732,49333,68633,73234,923

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan Sterling Value Fund750,0000.5640.52367,0152024-12-23104.35%
HSBC Aggressive Hybrid Fund636,9000.6934.41367,0152024-12-2373.54%
Bandhan Small Cap Fund635,5961.0634.34367,0152024-12-2373.18%
ICICI Prudential Infrastructure Fund622,3940.9133.63367,0152024-12-2369.58%
ICICI Prudential Dividend Yield Equity Fund367,0150.6819.83367,0152024-12-230%
ITI Small Cap Fund237,2610.712.82367,0152024-12-23-35.35%
L&T Large and Midcap Fund - Regular Plan229,0000.6610.71367,0152024-12-23-37.6%
ICICI Prudential MNC Fund115,4030.416.24367,0152024-12-23-68.56%
Taurus Discovery (Midcap) Fund70,0003.533.79367,0152024-12-23-80.93%
HSBC Equity Savings Fund25,0000.691.35367,0152024-12-23-93.19%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)27.8623.6921.1719.8617.60
Diluted EPS (Rs.)27.8623.6921.1719.8617.60
Cash EPS (Rs.)34.5228.7725.7624.2721.67
Book Value[Excl.RevalReserv]/Share (Rs.)197.28171.46158.63139.80127.38
Book Value[Incl.RevalReserv]/Share (Rs.)197.28171.46158.63139.80127.38
Revenue From Operations / Share (Rs.)182.69176.47147.26115.01116.49
PBDIT / Share (Rs.)43.3835.6032.7631.7327.30
PBIT / Share (Rs.)36.7330.5328.1727.6023.23
PBT / Share (Rs.)36.1329.9727.6426.8122.85
Net Profit / Share (Rs.)27.8623.7121.1720.1317.60
NP After MI And SOA / Share (Rs.)27.8623.7121.1720.1317.60
PBDIT Margin (%)23.7420.1722.2427.5923.43
PBIT Margin (%)20.1017.3019.1323.9919.94
PBT Margin (%)19.7716.9818.7623.3019.61
Net Profit Margin (%)15.2513.4314.3717.5015.10
NP After MI And SOA Margin (%)15.2513.4314.3717.5015.10
Return on Networth / Equity (%)14.1213.8213.3414.4013.81
Return on Capital Employeed (%)18.3317.3917.2119.2217.66
Return On Assets (%)12.7111.9611.4811.8611.46
Long Term Debt / Equity (X)0.010.010.020.020.02
Total Debt / Equity (X)0.010.030.040.060.04
Asset Turnover Ratio (%)0.870.900.800.680.77
Current Ratio (X)8.075.735.664.124.58
Quick Ratio (X)5.583.423.252.753.23
Inventory Turnover Ratio (X)2.032.402.352.202.67
Dividend Payout Ratio (NP) (%)7.178.439.445.0522.26
Dividend Payout Ratio (CP) (%)5.796.957.764.1818.08
Earning Retention Ratio (%)92.8391.5790.5694.9577.74
Cash Earning Retention Ratio (%)94.2193.0592.2495.8281.92
Interest Coverage Ratio (X)73.2062.9360.8140.1971.08
Interest Coverage Ratio (Post Tax) (X)48.0142.9240.2926.5046.83
Enterprise Value (Cr.)1947.651799.161596.091875.55654.89
EV / Net Operating Revenue (X)2.432.322.433.661.24
EV / EBITDA (X)10.2111.5010.9313.265.29
MarketCap / Net Operating Revenue (X)2.492.382.433.621.30
Retention Ratios (%)92.8291.5690.5594.9477.73
Price / BV (X)2.312.452.262.981.19
Price / Net Operating Revenue (X)2.492.382.433.621.30
EarningsYield0.060.050.050.040.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Mayur Uniquoters Ltd as of December 25, 2024 is: 566.26

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 25, 2024, Mayur Uniquoters Ltd is Overvalued by 5.94% compared to the current share price 602.00

Intrinsic Value of Mayur Uniquoters Ltd as of December 25, 2024 is: 608.16

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 25, 2024, Mayur Uniquoters Ltd is Undervalued by 1.02% compared to the current share price 602.00

Last 5 Year EPS CAGR: 7.40%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 29.92%, which is a positive sign.
  2. The company has higher reserves (491.15 cr) compared to borrowings (30.31 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (532.77 cr) and profit (108.92 cr) over the years.
  1. The stock has a high average Working Capital Days of 111.67, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 128.50, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Mayur Uniquoters Ltd:
    1. Net Profit Margin: 15.25%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 18.33% (Industry Average ROCE: 7.85%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 14.12% (Industry Average ROE: 4.96%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 48.01
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 5.58
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 19.2 (Industry average Stock P/E: 343.21)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.01
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Mayur Uniquoters Ltd. is a Public Limited Listed company incorporated on 14/09/1992 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L18101RJ1992PLC006952 and registration number is 006952. Currently Company is involved in the business activities of Weaving, manufacturing of man-made fiber and man-made mixture fabrics.. Company’s Total Operating Revenue is Rs. 630.95 Cr. and Equity Capital is Rs. 22.29 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Leather/Synthetic ProductsVillage Jaitpura, Jaipur - Sikar Road, Jaipur Rajasthan 303704secr@mayur.biz
http://www.mayuruniquoters.com
Management
NamePosition Held
Mr. Suresh Kumar PoddarChairman & M.D & CEO
Mr. Arun Kumar BagariaExecutive Director
Mr. Arvind Kumar SharmaIndependent Director
Mr. Ratan Kumar RoongtaIndependent Director
Mr. Shyam AgrawalIndependent Director
Mrs. Tanuja AgarwalIndependent Director
Mrs. Nivedita Ravindra SardaIndependent Director

FAQ

What is the latest intrinsic value of Mayur Uniquoters Ltd?

The latest intrinsic value of Mayur Uniquoters Ltd as on 25 December 2024 is ₹566.26, which is 5.94% lower than the current market price of ₹602.00. The stock has a market capitalization of 2,643 Cr. and recorded a high/low of 700/454 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹860 Cr and total liabilities of ₹993 Cr.

What is the Market Cap of Mayur Uniquoters Ltd?

The Market Cap of Mayur Uniquoters Ltd is 2,643 Cr..

What is the current Stock Price of Mayur Uniquoters Ltd as on 25 December 2024?

The current stock price of Mayur Uniquoters Ltd as on 25 December 2024 is 602.

What is the High / Low of Mayur Uniquoters Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Mayur Uniquoters Ltd stocks is 700/454.

What is the Stock P/E of Mayur Uniquoters Ltd?

The Stock P/E of Mayur Uniquoters Ltd is 19.2.

What is the Book Value of Mayur Uniquoters Ltd?

The Book Value of Mayur Uniquoters Ltd is 201.

What is the Dividend Yield of Mayur Uniquoters Ltd?

The Dividend Yield of Mayur Uniquoters Ltd is 0.50 %.

What is the ROCE of Mayur Uniquoters Ltd?

The ROCE of Mayur Uniquoters Ltd is 18.8 %.

What is the ROE of Mayur Uniquoters Ltd?

The ROE of Mayur Uniquoters Ltd is 14.6 %.

What is the Face Value of Mayur Uniquoters Ltd?

The Face Value of Mayur Uniquoters Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mayur Uniquoters Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE