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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹184 Cr.
Stock P/E
11
P/B
2.2
Current Price
₹173.6
Book Value
₹ 80.1
Face Value
10
52W High
₹272.4
52W Low
₹ 150
Dividend Yield
0%

Mahalaxmi Rubtech Overview

1. Business Overview

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.

2. Key Segments / 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.

3. Industry & Positioning

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.

4. Competitive Advantage (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.

5. 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).

6. 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.

7. 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.

8. 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
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Mahalaxmi Rubtech Quarterly Results

#(Fig in Cr.) Dec 2017 Mar 2018 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 53 56 21 21 24 25 23 25 30 27
Other Income 0 1 0 0 1 1 1 1 1 1
Total Income 53 58 21 21 24 26 24 26 31 29
Total Expenditure 49 53 14 16 18 18 17 18 22 19
Operating Profit 4 5 7 5 6 8 7 7 9 9
Interest 1 0 0 0 0 0 0 0 0 0
Depreciation 2 2 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 2 6 4 5 7 6 6 8 8
Provision for Tax 0 1 2 1 1 2 1 2 2 2
Profit After Tax 1 1 4 3 3 5 5 4 6 6
Adjustments -1 -1 -0 0 0 -0 -0 0 0 0
Profit After Adjustments 0 0 4 3 3 5 5 4 6 6
Adjusted Earnings Per Share 0.8 1.2 3.7 3.1 3.3 5.1 4.3 4.2 5.5 5.7

Mahalaxmi Rubtech Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 145 169 203 228 185 180 137 170 69 77 92 105
Other Income 1 1 0 2 2 3 3 4 1 2 3 4
Total Income 146 169 203 230 187 182 139 174 71 79 95 110
Total Expenditure 133 155 188 214 169 163 119 155 53 59 68 76
Operating Profit 13 14 15 16 18 19 20 19 18 20 27 32
Interest 2 2 2 2 2 3 3 4 2 2 1 0
Depreciation 7 7 8 8 9 10 9 8 4 4 4 4
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4 5 5 6 6 6 8 7 12 15 22 28
Provision for Tax 1 2 2 2 1 1 2 2 1 4 5 7
Profit After Tax 3 3 3 4 5 5 6 5 11 11 17 21
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 3 3 4 5 5 6 5 11 11 17 21
Adjusted Earnings Per Share 3.3 3.5 3.4 3.3 3.7 3.6 4.6 5.1 10.3 10.4 15.8 19.7

Mahalaxmi Rubtech Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 48 51 63 72 83 88 94 77 42 53 69
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 25 24 15 14 9 8 10 17 5 3 3
Other Non-Current Liabilities 5 5 5 9 8 7 6 5 2 2 1
Total Current Liabilities 41 56 66 75 73 74 64 83 26 26 33
Total Liabilities 120 137 150 170 174 177 175 182 74 84 105
Fixed Assets 62 65 61 68 68 62 66 64 30 29 27
Other Non-Current Assets 4 1 3 5 4 12 3 5 1 2 4
Total Current Assets 53 70 85 97 102 103 105 113 43 53 75
Total Assets 120 137 150 170 174 177 175 182 74 84 105

Mahalaxmi Rubtech Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 2 9 12 12 6 6 7 0 5 9
Cash Flow from Operating Activities 12 15 5 13 11 23 14 16 -3 17 14
Cash Flow from Investing Activities -2 -8 -5 -18 -6 -15 -15 -12 3 -8 -9
Cash Flow from Financing Activities -9 -0 3 5 2 -8 1 -10 -8 -4 -2
Net Cash Inflow / Outflow 2 7 2 0 8 0 0 -6 -8 5 3
Closing Cash & Cash Equivalent 2 9 12 12 19 6 7 0 5 9 12

Mahalaxmi Rubtech Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.3 3.49 3.41 3.32 3.7 3.62 4.58 5.11 10.25 10.39 15.8
CEPS(Rs) 10.85 11.86 11.47 10.71 10.71 11.17 11.63 13.1 13.59 13.82 19.32
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 53.87 57.44 59.47 60.91 62.43 66.32 70.93 72.52 39.25 49.8 64.71
Core EBITDA Margin(%) 8.27 7.89 7.06 5.92 8.39 9.16 12.9 8.81 24.12 23.78 25.81
EBIT Margin(%) 4.55 3.93 3.29 3.15 4.46 5.06 8.03 6.46 20.72 21.21 24.96
Pre Tax Margin(%) 2.99 2.78 2.49 2.48 3.33 3.46 5.74 4.24 17.83 19.25 23.8
PAT Margin (%) 2 1.81 1.68 1.67 2.67 2.68 4.46 3.2 15.68 14.35 18.21
Cash Profit Margin (%) 6.56 6.16 5.64 5.39 7.73 8.27 11.34 8.2 20.78 19.09 22.28
ROA(%) 2.43 2.41 2.38 2.39 2.87 2.75 3.47 3.04 8.49 13.93 17.71
ROE(%) 6.34 6.27 6.18 5.9 6.45 5.62 6.67 6.32 18.34 23.34 27.59
ROCE(%) 7.18 7.21 6.87 6.88 7.25 7.6 8.62 8.4 15.31 25.29 30.2
Receivable days 61.58 62.97 61.32 62.93 77.44 74.03 88.19 64.34 100.13 43.17 46.56
Inventory Days 49.37 45.47 50.54 51.38 67.58 70 82.88 67.24 140.31 84 66.32
Payable days 95.22 108.29 106.57 106.23 160.09 155.69 190.96 158.48 277.67 64.58 68.67
PER(x) 11.21 9.86 13.79 14.95 10.99 8.53 8.55 23.7 27.13 27.96 13.69
Price/Book(x) 0.69 0.6 0.79 0.82 0.65 0.47 0.55 1.67 7.09 5.83 3.34
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.51 0.38 0.35 0.36 0.38 0.28 0.39 0.84 4.36 3.94 2.3
EV/Core EBITDA(x) 5.54 4.62 4.85 5.27 3.96 2.61 2.64 7.34 16.9 15.17 7.92
Net Sales Growth(%) -3.2 16.64 20.1 12.41 -18.98 -2.59 -24 24.15 -59.07 10.74 19.8
EBIT Growth(%) 5.81 0.61 -0.33 7.79 14.65 10.61 20.5 -0.16 31.41 13.35 40.97
PAT Growth(%) 27.03 5.77 10.31 12.22 29.34 -2.33 26.65 -11.12 100.8 1.35 52.04
EPS Growth(%) 27.03 5.77 -2.41 -2.46 11.37 -2.33 26.65 11.48 100.81 1.35 52.04
Debt/Equity(x) 0.91 0.87 0.61 0.53 0.42 0.38 0.41 0.66 0.44 0.3 0.21
Current Ratio(x) 1.3 1.26 1.28 1.29 1.39 1.4 1.63 1.36 1.66 2 2.28
Quick Ratio(x) 0.89 0.8 0.82 0.84 0.91 0.94 1.2 0.95 0.93 1.38 1.76
Interest Cover(x) 2.91 3.4 4.11 4.68 3.95 3.16 3.5 2.91 7.15 10.8 21.58
Total Debt/Mcap(x) 1.33 1.44 0.77 0.65 0.64 0.81 0.73 0.4 0.06 0.05 0.06

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +19% -19% -13% -4%
Operating Profit CAGR +35% +12% +7% +8%
PAT CAGR +55% +50% +28% +19%
Share Price CAGR -23% -12% +30% +19%
ROE Average +28% +23% +16% +11%
ROCE Average +30% +24% +18% +12%

Mahalaxmi Rubtech Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 64.8 %
FII 0.09 %
DII (MF + Insurance) 0.07 %
Public (retail) 35.2 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 64.864.864.864.864.864.864.864.864.864.8
FII 000.570.570.090.090.120.090.10.09
DII 0.070.070.070.070.070.070.070.070.070.07
Public 35.235.235.235.235.235.235.235.235.235.2
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

  • Company has delivered good profit growth of 27% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 23%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 64.58 to 68.67days.
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