Micro Textiles

Mahalaxmi Rubtech Ltd.

MHLXMIRU

₹216.35

-0.6% (-1.3)

Market Cap

₹230 Cr.

P/E

13.70

Mahalaxmi Rubtech Ltd.
Overview
Financials
Benchmarking
Shareholding

Mahalaxmi Rubtech Ltd.

Mahalaxmi Rubtech Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Mahalaxmi Rubtech Ltd. Shareprice

Has the share price of Mahalaxmi Rubtech grown faster than its competition?

Mahalaxmi Rubtech has given lower returns compared to its competitors.
Mahalaxmi Rubtech has grown at ~-4.37% over the last 2yrs while peers have grown at a median rate of 9.14%

Is Mahalaxmi Rubtech stock expensive?

Mahalaxmi Rubtech is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE.
Latest PE of Mahalaxmi Rubtech is 13.78, while 3 year average PE is 20.49.
Also latest EV/EBITDA of Mahalaxmi Rubtech is 9.93 while 3yr average is 9.66.

View FAQ's On Business

Growth Table

Mahalaxmi Rubtech Ltd.
RRIL
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Shri Dinesh Mills
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	2.54	-4.43	23.34	44.96	54.17	33.23	25.30	17.86	24.66	22.32
TTM EPS CAGR	82.31	42.58	30.58	36.89	36.97	27.10	24.61	20.00	-0.30	17.76
Sales CAGR	-60.11	-41.31	-22.42	-9.67	-12.60	-11.00	-12.13	-9.38	-6.50	-4.43
PAT Margin (Abs Growth)	11.19	10.66	9.96	11.80	11.68	12.68	12.67	12.54	12.35	12.83
PE CAGR	-44.19	-32.93	-4.60	5.73	12.51	4.78	0.58	-1.73	24.77	3.53
CFO CAGR	173	40.91	0.38	-8.00	7.74	4.04	19.84	1.39	3.33	8.80

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Mahalaxmi Rubtech Ltd.
RRIL
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Shri Dinesh Mills
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In Rs. Cr.	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Sep'23
Assets	150	170	174	178	174	194	213	214
Non Current Assets	60.60	69.15	68.30	70.63	68.92	66.36	62.96	64.37
Net Block	60.76	68.45	68.10	61.57	68.36	66.95	63.55	62.14
Capital Work in Progress	1.07	3.96	2.00	10.84	1.48	0.77	0.35	1.17
Intangible Assets Under Development	—	—	—	—	—	—	—	—
Long Term Investments	0.11	0.12	0.11	0.12	0.14	0.16	0.21	0.23
Current Assets	85.24	96.77	102	105	103	125	148	149
Inventory	30.80	33.34	35.85	35.44	28.27	40.35	51.88	55.13
Accounts Receivable	37.56	41.00	37.81	36.02	30.73	36.92	48.31	39.54
Short Term Investments	—	—	—	—	—	—	—	—
Cash & Bank Balances	11.74	11.86	19.46	24.54	36.82	37.63	36.52	44.18
Liabilities	150	170	174	178	174	194	213	214
Shareholders Funds	63.12	71.97	83.19	88.12	94.26	78.67	87.32	91.62
Share Capital	9.97	11.47	13.32	13.32	13.32	10.62	10.62	10.62
Reserves	49.38	58.42	69.87	74.80	80.94	68.05	76.70	81.00
Non Current Liabilities	20.00	22.80	17.22	14.61	15.72	22.42	12.75	10.21
Secured Loans	5.49	8.96	8.88	7.64	10.12	12.47	6.11	—
Unsecured Loans	9.92	4.64	0.00	0.00	0.02	4.86	2.08	5.80
Current Liabilities	66.39	75.27	73.17	75.19	64.52	92.98	113	112
Accounts Payable	39.50	45.18	41.74	44.37	30.93	48.69	57.92	56.07
Short Term Loans	17.96	19.96	22.57	19.02	19.91	33.76	43.49	46.08

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Mahalaxmi Rubtech Ltd.
RRIL
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Shri Dinesh Mills
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In Rs. Cr.	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Sales	203	228	186	181	138	197	267	285
Operating Expenses	188	214	170	164	121	180	249	265
Raw Material	123	147	103	102	67.33	107	149	154
Material Cost (%)	61.01	63.86	53.93	55.55	52.22	52.20	53.83	54.60
Employee Cost	10.22	11.44	13.38	13.32	11.08	12.53	13.83	14.67
Power & Fuel Cost	27.70	29.07	30.70	25.30	17.89	31.56	38.70	—
Operating Profit	14.31	13.48	15.52	16.26	17.63	17.72	18.71	19.74
Other Income	0.39	2.17	2.13	2.68	2.74	4.83	5.65	5.25
OPM (%)	7.06	5.92	8.35	9.00	12.74	8.98	7.00	6.93
Depreciation and Amortisation	8.04	8.48	9.34	10.06	9.40	8.51	8.44	8.22
Interest	1.62	1.53	2.13	2.95	3.18	4.25	5.11	4.64
Profit Before Tax	5.04	5.64	6.18	5.94	7.79	9.80	10.82	12.12
Tax	1.64	1.83	1.22	1.34	1.72	2.51	2.38	3.01
Net Profit	3.40	3.81	4.96	4.60	6.07	7.29	8.44	9.11
Number of shares(Crs)	1.00	1.15	1.33	1.33	1.33	1.06	1.06	—
Dividend Payout Ratio(%)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

TTM Values as of Dec 2023

Cash Flow

Mahalaxmi Rubtech Ltd.
RRIL
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Shri Dinesh Mills
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In Rs. Cr.	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Sep'23
Cash from Operating Activity	4.69	13.12	11.47	23.24	16.46	8.38	6.10	22.85
Profit Before Tax	5.04	5.64	6.18	5.94	7.79	9.80	10.82	11.85
Adjustments	9.17	8.23	9.56	10.71	9.63	8.45	7.94	8.61
OCF Before Working Capital	14.21	13.88	15.75	16.65	17.43	18.25	18.76	20.46
Working Capital Changes	-8.14	1.66	-2.44	7.92	0.88	-2.96	-9.92	7.08
Taxes Paid	-1.37	-2.41	-1.84	-1.34	-1.84	-6.90	-2.74	-4.68
Cash from Investing Activity	-5.15	-17.52	-6.25	-15.16	-17.09	-12.59	9.05	0.83
Net Fixed Assets Purchased	-5.15	-17.52	-6.25	-11.86	-6.82	-6.05	-2.74	-5.99
Fixed Assets Purchased	-5.17	-18.43	-7.50	-12.86	-6.95	-6.64	-5.01	-6.08
Fixed Assets Sold	0.02	0.91	1.24	1.00	0.12	0.59	2.27	0.09
Investment Purchased	—	—	—	-4.66	-12.09	-8.83	—	—
Investment Sold	—	—	—	—	—	—	9.70	—
Interest Recieved	—	—	—	1.36	1.78	2.29	2.09	2.08
Dividends Recieved	—	—	0.02	—	0.03	—	—	—
Subsidiary Investments	—	—	—	—	—	—	—	—
Cash from Financing Activity	2.93	4.51	2.38	-7.67	0.83	-0.95	-6.56	-15.01
Proceeds From Shares	5.17	6.75	8.32	—	—	—	—	—
Net Long Term Borrowings	-9.07	-1.78	-4.71	-1.24	2.50	9.57	-12.00	0.00
Proceeds From Borrowings	—	—	—	—	2.50	9.57	—	—
Repayment From Borrowings	-9.07	-1.78	-4.71	-1.24	—	—	-12.00	—
Interest Paid	-1.16	-1.29	-1.78	-2.87	-2.85	-3.89	-4.61	-4.46
Dividend Paid	—	—	0.02	—	—	—	—	—
Net Cash Flow	2.47	0.12	7.60	0.41	0.19	-5.16	8.59	8.66
Opening Cash & Cash Equivalents	9.27	11.74	11.86	6.03	6.44	6.63	1.47	—
Effect of FX	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	11.74	11.86	19.46	6.44	6.63	1.47	10.06	—
Net Capex (est)	5.15	17.52	6.25	11.86	6.82	6.05	2.74	5.99
Free Cash Flow (est)	-0.46	-4.39	5.22	11.38	9.64	2.33	3.36	16.86

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Mahalaxmi Rubtech Ltd.
RRIL
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Shri Dinesh Mills
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	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Operational Ratios
Quick Ratio	0.82	0.84	0.90	0.92	1.16	0.91	0.85
Liquid Assets (Crs)	54.44	63.44	65.96	69.21	74.98	84.79	96.16
Current Liabilities (Crs)	66.39	75.27	73.17	75.19	64.52	92.98	113
Current Ratio	1.28	1.29	1.39	1.39	1.60	1.35	1.31
Current Assets (Crs)	85.24	96.77	102	105	103	125	148
Current Liabilities (Crs)	66.39	75.27	73.17	75.19	64.52	92.98	113
Interest Coverage Ratio	4.11	4.68	3.91	3.02	3.45	3.31	3.12
EBIT (Crs)	6.66	7.18	8.31	8.89	10.97	14.04	15.93
Interest Expenses (Crs)	1.62	1.53	2.13	2.95	3.18	4.25	5.11
Fixed Asset Turnover	1.84	1.87	1.47	1.40	0.97	1.36	1.78
Net Sales (Crs)	203	228	186	181	138	197	267
Fixed Assets (Crs)	110	122	127	129	143	145	150
Cash Conversion Cycle	48.74	45.74	-12.93	-9.97	-18.09	-15.03	-14.05
Inventory Days	55.48	51.38	67.93	72.01	84.02	63.47	62.93
Days Receivable	67.64	62.93	77.37	74.57	88.02	62.57	58.15
Days Payable	74.38	68.57	158	157	190	141	135
Debt to Equity Ratio	0.57	0.52	0.42	0.38	0.41	0.70	0.64
Total Debt (Crs)	36.22	37.34	34.64	33.40	38.35	54.95	55.85
Shareholders Equity (Crs)	63.12	71.97	83.19	88.12	94.26	78.67	87.32
Free Cash Flow/Sales (%)	-0.23	-1.93	2.81	6.30	6.96	1.18	1.26
Free Cash Flow(est) (Crs)	-0.46	-4.39	5.22	11.38	9.64	2.33	3.36
Net Sales (Crs)	203	228	186	181	138	197	267
Profitability Ratios
Gross Margin (%)	38.99	36.14	46.07	44.45	47.78	47.80	46.17
Op Profit Margin (%)	7.06	5.92	8.35	9.00	12.74	8.98	7.00
Operating Profit (Crs)	14.70	15.65	17.65	18.94	20.37	22.55	24.36
Net Sales (Crs)	203	228	186	181	138	197	267
Net Profit Margin (%)	1.68	1.67	2.67	2.55	4.39	3.69	3.16
Net Profit (Crs)	3.40	3.81	4.96	4.60	6.07	7.29	8.44
Net Sales (Crs)	203	228	186	181	138	197	267
ROCE (%)	8.01	7.57	8.28	8.65	9.98	13.89	15.91
EBIT (Crs)	6.66	7.18	8.31	8.89	10.97	14.04	15.93
Capital Employed (Crs)	83.12	94.77	100	103	110	101	100
Return on Assets (%)	2.27	2.24	2.86	2.58	3.48	3.76	3.96
Net Profit (Crs)	3.40	3.81	4.96	4.60	6.07	7.29	8.44
Total Assets (Crs)	150	170	174	178	174	194	213
ROIC (%)	6.11	4.10	6.23	6.18	8.92	10.97	12.82
Op Profit after Taxes (Crs)	4.23	3.38	4.96	4.80	6.42	6.85	8.02
Invested Capital (Crs)	69.22	82.33	79.58	77.69	71.96	62.46	62.54
ROE (%)	5.38	5.30	5.96	5.22	6.44	9.26	9.67
Net Profit Margin (%)	1.68	1.67	2.67	2.55	4.39	3.69	3.16
Asset Turnover ratio	1.36	1.34	1.07	1.02	0.79	1.02	1.25
Equity Multiplier	2.37	2.36	2.09	2.02	1.85	2.47	2.44
Adjusted EPS	3.41	3.32	3.72	3.45	4.56	6.86	7.95
Valuation Ratios
P/E	13.79	14.96	10.93	8.94	8.59	17.63	34.99
Price to Book	0.79	0.82	0.65	0.47	0.55	1.63	3.38
EV/EBITDA	4.85	5.27	3.93	2.64	2.64	6.47	12.92
Dividend Yield (%)	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Quarterly Results

Mahalaxmi Rubtech Ltd.
RRIL
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Shri Dinesh Mills
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In Rs. Cr.	Sep'21	Dec'21	Mar'22	Jun'22	Sep'22	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23
Net Sales	45.98	50.00	66.09	59.54	66.77	66.25	74.93	65.19	70.03	74.76
Operating Expenses	41.96	46.03	59.98	56.28	62.02	60.91	69.56	60.99	65.04	69.56
Increase/Decrease in Stock	-0.03	2.82	-3.30	-8.81	-0.90	2.30	1.97	-2.54	-2.78	4.42
Raw Material	25.84	26.37	33.73	42.48	31.84	34.89	40.22	38.07	40.19	36.00
Employee Cost	3.03	3.12	3.51	3.52	3.20	3.60	3.50	3.37	3.79	4.01
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	4.03	3.97	6.11	3.26	4.75	5.34	5.36	4.20	4.99	5.19
Other Income	0.73	1.04	2.33	2.73	0.86	0.66	1.40	1.11	1.98	0.77
Interest	0.87	1.24	1.42	1.25	1.17	1.23	1.46	1.00	1.19	0.98
PBDT	3.89	3.77	7.02	4.74	4.43	4.78	5.30	4.30	5.77	4.98
Depreciation and Amortization	1.91	2.00	2.69	2.07	2.09	2.13	2.14	1.99	2.01	2.09
Profit Before Tax	1.98	1.77	4.33	2.68	2.34	2.64	3.16	2.31	3.76	2.89
Tax	0.60	0.35	1.29	0.67	0.48	0.54	0.69	0.73	0.96	0.63
Profit After Tax	1.37	1.42	3.03	2.01	1.86	2.11	2.47	1.57	2.81	2.26
Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	1.37	1.43	3.03	2.01	1.86	2.11	2.47	1.57	2.81	2.26
Quarterly Ratios
EPS	1.03	1.34	2.85	1.89	1.75	1.98	2.33	1.48	2.64	2.12
Operating Profit Margin	8.76	7.94	9.25	5.47	7.11	8.07	7.16	6.44	7.12	6.95
Net Profit Margin	2.99	2.85	4.59	3.37	2.78	3.18	3.30	2.41	4.01	3.02

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

15.90%

Implied Growth Rate over a 5 year period*

2.50%

Implied Growth Rate over a 10 year period*

0.00%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Mahalaxmi Rubtech Ltd. Financials

How strong is Mahalaxmi Rubtech balance sheet?

Balance sheet of Mahalaxmi Rubtech is strong.
But short term working capital might become an issue for this company.

Is the debt of Mahalaxmi Rubtech increasing or decreasing?

The net debt of Mahalaxmi Rubtech is decreasing.
Latest net debt of Mahalaxmi Rubtech is -₹27.7 Crs as of Mar-24.
This is less than Mar-23 when it was -₹17.1 Crs.

Is the profitablity of Mahalaxmi Rubtech improving?

Yes, profit is increasing.
The profit of Mahalaxmi Rubtech is ₹16.78 Crs for TTM, ₹11.03 Crs for Mar 2024 and ₹10.89 Crs for Mar 2023.

Does Mahalaxmi Rubtech pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Mahalaxmi Rubtech latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

How has Mahalaxmi Rubtech allocated its funds?

Companies resources are majorly tied in miscellaneous assets

View FAQ's On Shareholding

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Mahalaxmi Rubtech Ltd.

Mahalaxmi Rubtech Ltd.

Has the share price of Mahalaxmi Rubtech grown faster than its competition?

Is Mahalaxmi Rubtech stock expensive?

How strong is Mahalaxmi Rubtech balance sheet?

Is the debt of Mahalaxmi Rubtech increasing or decreasing?

Is the profitablity of Mahalaxmi Rubtech improving?

Does Mahalaxmi Rubtech pay decent dividends?

How has Mahalaxmi Rubtech allocated its funds?

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