Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹187 Cr.
Stock P/E
8.6
P/B
—
Current Price
₹176.1
Book Value
₹ 0
Face Value
10
52W High
₹259
52W Low
₹ 106.4
Dividend Yield
0%

Mahalaxmi Rubtech Overview

Business

Mahalaxmi Rubtech Ltd. operates in the Textile sector in India. Based on its name, "Rubtech" suggests specialization in products involving rubber technology within the textile industry. This typically points towards the manufacturing of technical textiles, coated fabrics, rubberized textiles, industrial fabrics, or specialized textile components that incorporate rubber or similar polymer technologies. The company's core business model likely involves manufacturing these specialized textile products for industrial applications, automotive, infrastructure, protection, or other non-apparel uses. It makes money by selling these manufactured goods to B2B clients, which could include other manufacturers, industrial users, or distributors.

Revenue Mix

Specific revenue segments are not provided. However, given the "Rubtech" component and the textile sector, potential segments could include:

Technical Textiles: Fabrics engineered for specific functional properties (e.g., strength, durability, resistance to chemicals, fire, or water) often incorporating rubber or polymer coatings.

Industrial Textiles: Textiles used in industrial processes or products, such as conveyor belts (if relevant), industrial belting, or specialized textile components for machinery.

Coated Fabrics: Textiles coated with rubber, PVC, or other polymers for enhanced properties.

Without specific data, it is not possible to quantify the contribution of each segment.

Industry

The Indian textile industry is vast, highly diversified, and includes both traditional and modern segments. It ranges from fiber production to finished garments and technical textiles. The "Rubtech" name suggests Mahalaxmi Rubtech Ltd. likely operates within the niche segment of technical textiles or industrial textiles, rather than mass-market apparel or home furnishings. In this niche, competition can come from other specialized domestic manufacturers as well as international players. Positioning would likely be based on product quality, customization capabilities, technical expertise, cost-effectiveness, and established customer relationships within its specific product categories. The market for technical textiles is generally less fragmented than traditional textiles but still requires specialized manufacturing know-how.

MOAT

For a company like Mahalaxmi Rubtech Ltd., potential competitive advantages (moats) could include:

Specialized Know-how and Technology: Expertise in rubber compounding, textile manufacturing processes, and coating technologies, which can be difficult for new entrants to replicate quickly.

Established Customer Relationships: Long-term contracts and trust built with industrial clients due to consistent product quality and reliability.

Product Customization: Ability to develop and produce tailor-made solutions for specific client requirements.

Process Efficiency: Optimized manufacturing processes that allow for competitive pricing while maintaining quality.

Niche Market Leadership: Potentially holding a significant share in specific, specialized product categories where entry barriers exist due to technical complexity or capital investment.

Growth Drivers

Key factors that can drive growth for Mahalaxmi Rubtech Ltd. over the next 3-5 years include:

Growth in Technical Textile Demand: Increasing domestic and global demand for technical textiles driven by industrialization, infrastructure development, automotive sector growth, and rising awareness of performance-oriented materials.

Export Opportunities: Expanding into international markets for specialized textile products, leveraging India's cost competitiveness and manufacturing base.

Product Innovation and Diversification: Developing new products or improving existing ones to cater to emerging applications or higher-value segments within technical textiles.

Infrastructure Spending: Government initiatives and private investments in infrastructure, which often require specialized industrial textiles.

Increased Domestic Manufacturing: Growth in sectors that use its products as inputs (e.g., automotive components, industrial machinery).

Risks

Raw Material Price Volatility: Fluctuations in the prices of rubber, synthetic fibers, chemicals, and other key inputs can impact profitability.

Intense Competition: Competition from domestic and international players, particularly in more commoditized segments of technical textiles or from larger, integrated textile players.

Economic Downturn: A slowdown in industrial activity or general economic recession could reduce demand for industrial and technical textile products.

Technological Obsolescence: Failure to innovate or adapt to new manufacturing technologies or material sciences could erode market position.

Regulatory Changes: Environmental regulations, labor laws, or trade policies could affect manufacturing costs or market access.

Currency Fluctuations: For companies involved in exports or imports, adverse currency movements can impact revenues and costs.

Management & Ownership

Specific details about the management team and ownership structure are not provided. Like many Indian companies, especially those in the manufacturing sector, it is likely a promoter-driven company with significant ownership concentrated within the founding family or group. The management quality would be assessed based on the company's long-term performance, strategic decisions, and corporate governance practices, which are not available in this scope.

Outlook

Mahalaxmi Rubtech Ltd. operates in the specialized and growing segment of technical textiles within the broader Indian textile industry. The company's focus on "Rubtech" products suggests a potential for niche market expertise and differentiation. The demand for technical textiles is expected to grow, driven by industrialization and various end-user applications.

The bull case would see the company successfully capitalizing on this demand growth through product innovation, efficient manufacturing, and expansion into new markets, leveraging its specialized capabilities. Sustained investment in R&D and strategic customer relationships could further solidify its position.

Conversely, the bear case involves risks such as intense competition from larger players or more agile niche manufacturers, significant volatility in raw material prices, and a potential slowdown in industrial demand. The ability to continually innovate and adapt to evolving technical requirements, along with effective cost management, will be crucial for navigating these challenges and ensuring sustained profitability.

Mahalaxmi Rubtech Share Price

Live · BSE / NSE · Inception: 1991
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Mahalaxmi Rubtech Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 46 50 66 60 67 66 75 65 70 75
Other Income 1 1 2 3 1 1 1 1 2 1
Total Income 47 51 68 62 68 67 76 66 72 76
Total Expenditure 42 46 60 56 62 61 70 61 65 70
Operating Profit 5 5 8 6 6 6 7 5 7 6
Interest 1 1 1 1 1 1 1 1 1 1
Depreciation 2 2 3 2 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 2 4 3 2 3 3 2 4 3
Provision for Tax 1 0 1 1 0 1 1 1 1 1
Profit After Tax 1 1 3 2 2 2 2 2 3 2
Adjustments -0 0 -0 -0 0 0 0 0 0 0
Profit After Adjustments 1 1 3 2 2 2 2 2 3 2
Adjusted Earnings Per Share 1 1.3 2.9 1.9 1.7 2 2.3 1.5 2.6 2.1

Mahalaxmi Rubtech Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 203 228 186 181 138 197 267 285
Other Income 0 2 2 3 3 5 6 5
Total Income 203 230 188 183 141 202 273 290
Total Expenditure 188 214 170 164 121 180 249 266
Operating Profit 15 16 18 19 20 23 24 25
Interest 2 2 2 3 3 4 5 4
Depreciation 8 8 9 10 9 9 8 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0
Profit Before Tax 5 6 6 6 8 10 11 12
Provision for Tax 2 2 1 1 2 3 2 4
Profit After Tax 3 4 5 5 6 7 8 9
Adjustments 0 0 0 0 0 0 0 0
Profit After Adjustments 3 4 5 5 6 7 8 9
Adjusted Earnings Per Share 3.4 3.3 3.7 3.5 4.6 6.9 8 8.5

Mahalaxmi Rubtech Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 63 72 83 88 94 79 87
Minority's Interest 0 0 0 0 0 0 0
Borrowings 15 14 9 8 10 17 8
Other Non-Current Liabilities 5 9 8 7 6 5 5
Total Current Liabilities 66 75 73 75 65 93 113
Total Liabilities 150 170 174 178 174 194 213
Fixed Assets 61 68 68 62 68 67 64
Other Non-Current Assets 3 5 4 12 3 2 1
Total Current Assets 85 97 102 105 103 125 148
Total Assets 150 170 174 178 174 194 213

Mahalaxmi Rubtech Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 9 12 12 6 6 7 1
Cash Flow from Operating Activities 5 13 11 23 16 8 6
Cash Flow from Investing Activities -5 -18 -6 -15 -17 -13 9
Cash Flow from Financing Activities 3 5 2 -8 1 -1 -7
Net Cash Inflow / Outflow 2 0 8 0 0 -5 9
Closing Cash & Cash Equivalent 12 12 19 6 7 1 10

Mahalaxmi Rubtech Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 3.41 3.32 3.72 3.45 4.56 6.86 7.95
CEPS(Rs) 11.47 10.71 10.73 11 11.61 14.87 15.89
DPS(Rs) 0 0 0 0 0 0 0
Book NAV/Share(Rs) 59.47 60.91 62.45 66.16 70.72 74.03 82.18
Core EBITDA Margin(%) 7.06 5.92 8.35 9 12.74 8.98 7
EBIT Margin(%) 3.29 3.15 4.47 4.92 7.93 7.12 5.95
Pre Tax Margin(%) 2.49 2.48 3.33 3.29 5.63 4.97 4.04
PAT Margin (%) 1.68 1.67 2.67 2.55 4.39 3.69 3.16
Cash Profit Margin (%) 5.64 5.39 7.69 8.11 11.18 8 6.31
ROA(%) 2.27 2.39 2.89 2.62 3.45 3.95 4.15
ROE(%) 5.73 5.9 6.48 5.37 6.66 8.43 10.18
ROCE(%) 6.71 6.88 7.32 7.43 8.64 10.56 11.51
Receivable days 67.64 62.93 77.37 74.57 88.02 62.57 58.15
Inventory Days 55.48 51.38 67.93 72.01 84.02 63.47 62.93
Payable days 116.6 106.23 158.23 156.55 190.12 141.07 135.13
PER(x) 13.79 14.96 10.93 8.94 8.59 17.63 34.99
Price/Book(x) 0.79 0.82 0.65 0.47 0.55 1.63 3.38
Dividend Yield(%) 0 0 0 0 0 0 0
EV/Net Sales(x) 0.35 0.36 0.37 0.28 0.39 0.74 1.18
EV/Core EBITDA(x) 4.85 5.27 3.93 2.64 2.64 6.47 12.92
Net Sales Growth(%) 0 12.41 -18.4 -2.81 -23.4 42.57 35.56
EBIT Growth(%) 0 7.77 15.83 6.92 23.47 27.99 13.39
PAT Growth(%) 0 12.17 30.14 -7.29 32.09 19.98 15.85
EPS Growth(%) 0 -2.5 12.07 -7.29 32.09 50.48 15.85
Debt/Equity(x) 0.61 0.53 0.42 0.38 0.41 0.7 0.64
Current Ratio(x) 1.28 1.29 1.39 1.39 1.6 1.35 1.31
Quick Ratio(x) 0.82 0.84 0.9 0.92 1.16 0.91 0.85
Interest Cover(x) 4.11 4.68 3.91 3.02 3.45 3.31 3.12
Total Debt/Mcap(x) 0.77 0.65 0.64 0.81 0.74 0.43 0.19

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +36% +14% +3% —
Operating Profit CAGR +4% +8% +8% —
PAT CAGR +14% +17% +15% —
Share Price CAGR -16% -4% +21% +16%
ROE Average +10% +8% +7% +7%
ROCE Average +12% +10% +9% +8%

Mahalaxmi Rubtech Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 64.8 %
FII 0 %
DII (MF + Insurance) 0.07 %
Public (retail) 35.12 %
Others 0.01 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 64.864.864.864.864.864.864.864.864.864.8
FII 0.570.570.090.090.120.090.10.090.090
DII 0.070.070.070.070.070.070.070.070.070.07
Public 34.5634.5635.0335.033535.0335.0235.0335.0335.12
Others 0000000000
Total 100100100100100100100100100100

Mahalaxmi Rubtech Peer Comparison

Mahalaxmi Rubtech Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Mahalaxmi Rubtech Pros & Cons

Pros

  • Debtor days have improved from 141.07 to 135.13days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
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