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Last Updated on: 19 June, 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.
INDUSTRYADDRESSCONTACT
Textiles - Processing/TexturisingA/601, B, International Trade Center, Majura Gate, Surat Gujarat 395002contact@mohitindustries.com
http://www.mohitindustries.com
Management
NamePosition Held
Mr. Narayan Sitaram SabooChairman & Director
Mr. Manish Narayan SabooExecutive Director & CFO
Mr. Naresh Sitaram SabooExecutive Director
Mr. Jayesh Rasiklal GandhiInd. Non-Executive Director
Mr. Sachinkumar Pramod JainInd. Non-Executive Director
Mrs. Pragya Rahul MemaniInd. Non-Executive Woman Director

Basic Stock Data of Mohit Industries Ltd

Last Updated: June 17, 2024, 8:22 pm

Market Cap 32.9 Cr.
Current Price 23.3
High / Low24.9/13.1
Stock P/E
Book Value 192
Dividend Yield0.00 %
ROCE0.50 %
ROE0.84 %
Face Value 10.0
PEG Ratio0.00

Competitors of Mohit Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Dhanlaxmi Fabrics Ltd 61.8 Cr. 72.080.0/36.0 55.30.00 %11.3 %13.6 % 10.0
Jakharia Fabric Ltd 13.8 Cr. 34.037.1/32.115.2 46.50.00 %7.18 %4.91 % 10.0
Weizmann Ltd 193 Cr. 122155/85.521.6 45.90.41 %16.0 %13.0 % 10.0
AK Spintex Ltd 88.6 Cr. 176182/99.110.5 77.40.00 %28.0 %24.3 % 10.0
Shekhawati Poly-Yarn Ltd 139 Cr. 4.044.44/0.4012.7 0.210.00 %35.1 %% 1.00
Industry Average280.05 Cr88.0148.4558.520.15%13.08%7.70%7.55

Mohit Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales44.6754.1040.5743.3244.9037.8635.2344.6441.8845.4436.7638.7929.54
Expenses41.5050.8139.8044.3540.1937.3535.1942.8841.2845.6936.2639.0329.05
Operating Profit3.173.290.77-1.034.710.510.041.760.60-0.250.50-0.240.49
OPM %7.10%6.08%1.90%-2.38%10.49%1.35%0.11%3.94%1.43%-0.55%1.36%-0.62%1.66%
Other Income0.251.191.033.20-3.212.200.82-0.240.351.810.190.180.21
Interest1.371.401.390.981.001.820.860.991.121.481.120.811.02
Depreciation0.790.460.660.670.670.630.430.430.430.440.360.360.36
Profit before tax1.262.62-0.250.52-0.170.26-0.430.10-0.60-0.36-0.79-1.23-0.68
Tax %-5.56%17.56%20.00%23.08%23.53%19.23%0.00%30.00%8.33%-58.33%16.46%22.76%38.24%
Net Profit1.312.16-0.190.39-0.100.02-0.390.08-0.47-0.67-0.66-0.96-0.42
EPS in Rs0.921.52-0.130.27-0.070.01-0.270.06-0.33-0.47-0.46-0.68-0.30

Last Updated: June 7, 2024, 7:43 am

Mohit Industries Ltd Quarterly Chart

Mohit Industries Ltd Profit & Loss

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales136153157191175149167167151
Expenses123141147182167142162165150
Operating Profit121111987520
OPM %9%8%7%5%4%5%3%1%0%
Other Income222432332
Interest778976544
Depreciation444432322
Profit before tax3211010-1-3
Tax %31%1%59%-13%-93%35%22%-15%
Net Profit2201-010-1-3
EPS in Rs1.531.370.310.49-0.040.490.08-1.01-1.91
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:-7%
3 Years:-4%
TTM:-21%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-31%
Stock Price CAGR
10 Years:0%
5 Years:30%
3 Years:21%
1 Year:55%
Return on Equity
10 Years:%
5 Years:0%
3 Years:-1%
Last Year:-1%

Last Updated: June 17, 2024, 2:52 pm

Mohit Industries Ltd Balance Sheet

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital141414141414141414
Reserves153654211939124166207
Borrowings646967615151525651
Other Liabilities146814108955
Total Liabilities10712414311093112199242277
Fixed Assets283133302725232121
CWIP240000000
Investments524429626115159201
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 2023Mar 2024
Debtor Days715662473443423934
Inventory Days785574585871666877
Days Payable242122417151784
Cash Conversion Cycle1261091248175999299107
Working Capital Days136131140107104134117126146
ROCE %8%7%8%8%7%4%1%

Mohit Industries Ltd Financial Efficiency Indicators Chart

Mohit Industries Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters54.10%54.32%54.32%54.32%54.32%54.32%54.32%54.32%54.32%54.32%54.32%54.32%
Public45.89%45.68%45.68%45.68%45.68%45.68%45.69%45.67%45.69%45.68%45.68%45.68%
No. of Shareholders9,3129,0649,1519,4399,5509,4299,1289,0159,0739,2108,9438,845

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 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-1.35-1.040.090.49-0.03
Diluted EPS (Rs.)-1.35-1.040.090.49-0.03
Cash EPS (Rs.)-0.320.172.062.212.38
Book Value[Excl.RevalReserv]/Share (Rs.)192.93127.6097.5137.8323.55
Book Value[Incl.RevalReserv]/Share (Rs.)192.93127.6097.5137.8323.55
Revenue From Operations / Share (Rs.)92.96118.09117.71100.79118.02
PBDIT / Share (Rs.)2.043.445.772.392.32
PBIT / Share (Rs.)1.002.233.910.660.11
PBT / Share (Rs.)-1.81-0.910.250.730.09
Net Profit / Share (Rs.)-1.36-1.040.200.470.17
NP After MI And SOA / Share (Rs.)-1.35-1.020.080.48-0.03
PBDIT Margin (%)2.192.914.902.371.96
PBIT Margin (%)1.071.883.320.650.10
PBT Margin (%)-1.94-0.770.210.720.07
Net Profit Margin (%)-1.46-0.880.170.470.15
NP After MI And SOA Margin (%)-1.45-0.860.070.48-0.02
Return on Networth / Equity (%)-0.69-0.790.081.28-0.14
Return on Capital Employeed (%)0.501.653.541.370.39
Return On Assets (%)-0.57-0.590.060.61-0.05
Long Term Debt / Equity (X)0.010.040.110.230.21
Total Debt / Equity (X)0.190.300.370.871.46
Asset Turnover Ratio (%)0.461.121.601.651.76
Current Ratio (X)1.101.201.401.391.19
Quick Ratio (X)0.670.710.850.880.76
Inventory Turnover Ratio (X)4.315.215.515.125.98
Interest Coverage Ratio (X)0.721.101.580.0086.70
Interest Coverage Ratio (Post Tax) (X)0.510.661.050.007.68
Enterprise Value (Cr.)79.0171.8879.9259.2852.10
EV / Net Operating Revenue (X)0.600.420.470.410.31
EV / EBITDA (X)27.3114.749.7917.5115.87
MarketCap / Net Operating Revenue (X)0.200.090.160.090.02
Price / BV (X)0.090.080.200.240.12
Price / Net Operating Revenue (X)0.200.090.160.090.02
EarningsYield-0.07-0.080.000.05-0.01

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

Fair Value: 24.68

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.

Undervalued: 5.90% compared to the current price 23.3

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 19.98

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 14.23% compared to the current price ₹23.3

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -19.01%

*Investments are subject to market risks

Strength and Weakness of Mohit Industries Ltd Stock

StrengthWeakness
  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 (160.67 cr) and profit (0.44 cr) over the years.
  1. The stock has a low average ROCE of 4.78%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 126.78, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 101.33, which may not be favorable.

FAQ

What is the latest fair value of Mohit Industries Ltd?

The latest fair value of Mohit Industries Ltd is ₹24.68.

What is the Market Cap of Mohit Industries Ltd?

The Market Cap of Mohit Industries Ltd is 32.9 Cr..

What is the current Stock Price of Mohit Industries Ltd as on 18 June 2024?

The current stock price of Mohit Industries Ltd as on 18 June 2024 is ₹23.3.

What is the High / Low of Mohit Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Mohit Industries Ltd stocks is 24.9/13.1.

What is the Stock P/E of Mohit Industries Ltd?

The Stock P/E of Mohit Industries Ltd is .

What is the Book Value of Mohit Industries Ltd?

The Book Value of Mohit Industries Ltd is 192.

What is the Dividend Yield of Mohit Industries Ltd?

The Dividend Yield of Mohit Industries Ltd is 0.00 %.

What is the ROCE of Mohit Industries Ltd?

The ROCE of Mohit Industries Ltd is 0.50 %.

What is the ROE of Mohit Industries Ltd?

The ROE of Mohit Industries Ltd is 0.84 %.

What is the Face Value of Mohit Industries Ltd?

The Face Value of Mohit Industries Ltd is 10.0.

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 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 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