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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Mohit Industries Ltd

About the Company - Mohit Industries Ltd

Mohit Industries Ltd. is a Public Limited Listed company incorporated on 18/02/1991 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L17119GJ1991PLC015074 and registration number is 015074. Currently Company is involved in the business activities of Weaving of textiles. Company’s Total Operating Revenue is Rs. 166.65 Cr. and Equity Capital is Rs. 14.16 Cr. for the Year ended 31/03/2022.
Textiles - Processing/TexturisingA/601, B, International Trade Center, Majura Gate, Surat Gujarat
NamePosition Held
Mr. Narayan Sitaram SabooManaging Director
Mr. Manish Narayan SabooDirector & CFO
Mr. Naresh Sitaram SabooDirector
Mr. Jayesh Rasiklal GandhiInd. Non-Executive Director
Mr. Sachinkumar Pramod JainInd. Non-Executive Director
Mrs. Pragya MemaniInd. Non-Executive Woman Director

Mohit Industries Ltd. Share Price Update

Share PriceValue
Previous Day₹21.52

Basic Stock Data of Mohit Industries Ltd

Market Cap 31.1 Cr.
Current Price 22.0
High / Low24.8/11.0
Stock P/E
Book Value 155
Dividend Yield0.00 %
ROCE1.49 %
ROE0.92 %
Face Value 10.0

Data Source:

Competitors of Mohit Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Raj Rayon Industries Ltd 1,392 Cr. 25.091.2/15.0420 1.950.00 %6.99 %12.4 % 1.00
Weizmann Ltd 182 Cr. 115155/75.022.1 43.20.43 %12.3 %6.61 % 10.0
Sarla Performance Fibers Ltd 559 Cr. 67.074.0/32.426.2 48.90.00 %7.23 %5.45 % 1.00
Shekhawati Poly-Yarn Ltd 72.0 Cr. 2.092.70/0.4011.7 4.080.00 %32.2 %% 1.00
AYM Syntex Ltd 400 Cr. 79.092.4/52.5354 80.00.00 %6.84 %1.88 % 10.0
Industry Average242.8 Cr57.62166.835.630.09%13.11%5.27%4.6

Mohit Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Operating Profit2.
OPM %5.73%7.10%6.08%1.90%-2.38%10.49%1.35%0.11%3.94%1.43%-0.55%1.36%-0.62%
Other Income0.
Profit before tax0.101.262.62-0.250.52-0.170.26-0.430.10-0.60-0.36-0.79-1.23
Tax %-30.00%-5.56%17.56%20.00%23.08%23.53%19.23%0.00%30.00%8.33%-58.33%16.46%22.76%
Net Profit0.171.312.16-0.190.39-0.100.02-0.390.08-0.47-0.67-0.66-0.96
EPS in Rs0.120.921.52-0.130.27-0.070.01-0.270.06-0.33-0.47-0.46-0.68

Mohit Industries Ltd Quarterly Chart

Mohit Industries Ltd Profit & Loss

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit121111987521
OPM %9%8%7%5%4%5%3%1%0%
Other Income222432333
Profit before tax3211010-1-3
Tax %31%1%59%-13%-93%35%22%-15%
Net Profit2201-010-1-3
EPS in Rs1.531.370.310.49-0.040.490.08-1.01-1.94
Dividend Payout %65%0%0%0%0%0%0%0%

Mohit Industries Ltd Profit & Loss Yearly Chart

Mohit Industries Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:1%
3 Years:-1%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
Stock Price CAGR
10 Years:-1%
5 Years:24%
3 Years:47%
1 Year:71%
Return on Equity
10 Years:%
5 Years:0%
3 Years:0%
Last Year:-1%

Mohit Industries Ltd Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital141414141414141414
Other Liabilities146814108955
Total Liabilities10712414311093112199242277
Fixed Assets283133302725232121
Other Assets726568716061616255
Total Assets10712414311093112199242277

Mohit Industries Ltd Reserves and Borrowings Chart

Mohit Industries Ltd Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3221492-1-5
Cash from Investing Activity -7-6-3-70-0-01
Cash from Financing Activity 441-7-8-224
Net Cash Flow-00-000-0-0-0

Mohit Industries Ltd Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days7156624734434239
Inventory Days7855745858716668
Days Payable24212241715178
Cash Conversion Cycle1261091248175999299
Working Capital Days136131140107104134117126
ROCE %8%7%8%8%7%4%1%

Mohit Industries Ltd Financial Efficiency Indicators Chart

Mohit Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
No. of Shareholders9,6679,1649,3129,0649,1519,4399,5509,4299,1289,0159,0739,210

Mohit Industries Ltd Shareholding Pattern Chart

No. of Mohit Industries Ltd Shareholders

This stock is not held by any mutual fund

Mohit Industries Ltd ROCE Trend

Mohit Industries Ltd EPS Trend

Mohit Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)-
Diluted EPS (Rs.)-
Cash EPS (Rs.)
Book Value[Excl.RevalReserv]/Share (Rs.)127.6097.5137.8323.5524.88
Book Value[Incl.RevalReserv]/Share (Rs.)127.6097.5137.8323.5524.88
Revenue From Operations / Share (Rs.)118.09117.71100.79118.02135.24
PBDIT / Share (Rs.)3.445.772.392.329.19
PBIT / Share (Rs.)2.233.910.660.116.48
PBT / Share (Rs.)-0.910.250.730.090.43
Net Profit / Share (Rs.)-
NP After MI And SOA / Share (Rs.)-
PBDIT Margin (%)2.914.902.371.966.79
PBIT Margin (%)1.883.320.650.104.79
PBT Margin (%)-0.770.210.720.070.31
Net Profit Margin (%)-0.880.170.470.150.35
NP After MI And SOA Margin (%)-0.860.070.48-0.020.36
Return on Networth / Equity (%)-0.790.081.28-0.141.99
Return on Capital Employeed (%)1.653.541.370.3919.90
Return On Assets (%)-0.590.060.61-0.050.63
Long Term Debt / Equity (X)
Total Debt / Equity (X)0.300.370.871.461.62
Asset Turnover Ratio (%)1.121.601.651.761.56
Current Ratio (X)1.201.401.391.191.11
Quick Ratio (X)0.710.850.880.760.74
Inventory Turnover Ratio (X)5.215.515.125.986.22
Interest Coverage Ratio (X)1.101.580.0086.701.52
Interest Coverage Ratio (Post Tax) (X)0.661.050.007.681.08
Enterprise Value (Cr.)71.8879.9259.2852.1067.60
EV / Net Operating Revenue (X)0.420.470.410.310.35
EV / EBITDA (X)14.749.7917.5115.875.20
MarketCap / Net Operating Revenue (X)
Price / BV (X)
Price / Net Operating Revenue (X)

Mohit Industries Ltd Profitability Ratios (%)

Mohit Industries Ltd Liquidity Ratios

Mohit Industries Ltd Liquidity Ratios (%)

Mohit Industries Ltd Interest Coverage Ratios (%)

Mohit Industries Ltd Valuation Ratios

Fair Value of Mohit Industries Ltd Stock

Fair Value: ₹21.82

The stock is overvalued by 0.83% compared to the current price ₹22

*Investments are subject to market risks

Strength and Weakness of Mohit Industries Ltd Stock

  1. The company has higher reserves (75.67 cr) compared to borrowings (58.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (162.00 cr) and profit (0.44 cr) over the years.
  1. The stock has a low average ROCE of 5.38%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 124.38, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 100.63, which may not be favorable.

About the Author

Author Avatar

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 Mohit Industries 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 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