Textile · Founded 1991 · www.mohitindustries.com · BSE 531453 · NSE MOHIT INDUS. · ISIN INE954E01012
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Business
Mohit Industries Ltd. (MOHITIND) operates in the textile sector in India. Typically, companies in this industry are involved in various stages of textile manufacturing, which can include spinning (producing yarn from raw fibers), weaving (producing fabric from yarn), knitting, processing (dyeing, printing, finishing), and sometimes garment manufacturing. The core business model likely revolves around B2B sales of yarn, grey fabric, or processed fabric to other manufacturers, domestic brands, or for export. The company generates revenue by manufacturing and selling these textile products.
Revenue Mix
Without specific financial reports, the exact revenue mix is unavailable. However, common segments for a diversified textile company like Mohit Industries could include:
Yarn Manufacturing: Production and sale of various types of yarn (e.g., cotton, synthetic, blended).
Fabric Manufacturing: Production and sale of woven or knitted fabrics (grey or processed).
Textile Processing: Dyeing, printing, and finishing services for fabrics.
Technical Textiles: (If applicable) Specialised textiles for industrial or performance applications.
The primary revenue drivers are typically sales from yarn and fabric products.
Industry
The Indian textile industry is one of the oldest and largest industries, characterized by its labor-intensive nature, significant contribution to employment, and strong linkages from agriculture (cotton) to fashion. It is highly fragmented, with both large integrated players and numerous small-to-medium enterprises. Competition is intense, primarily based on price, quality, product innovation, and delivery timelines. Positioning for Mohit Industries would depend on its specific product focus (e.g., specific yarn counts, fabric types), scale of operations, customer base (domestic vs. export), and level of vertical integration. It likely competes with a large number of other textile manufacturers across India.
MOAT
The textile industry, especially in commodity-like products (basic yarn, grey fabric), often has limited durable moats. Potential competitive advantages for Mohit Industries, if present, could include:
Scale and Cost Efficiency: Large-scale operations can lead to economies of scale in procurement and manufacturing, resulting in lower costs.
Established Customer Relationships: Long-term relationships with domestic and international buyers can provide a stable demand base.
Product Specialization/Quality: Niche product offerings or consistently high-quality products can create differentiation.
Vertical Integration: Controlling multiple stages of the value chain (e.g., from spinning to processing) can offer cost control and quality assurance.
However, without specific details, it's generally a competitive industry where differentiation can be challenging.
Growth Drivers
Key factors that can drive growth for Mohit Industries over the next 3-5 years include:
Growing Domestic Demand: India's large and growing population, increasing disposable incomes, and changing fashion trends drive demand for textiles and apparel.
Export Opportunities: Favorable trade agreements, diversification of global supply chains, and rising demand in international markets can boost exports.
Government Initiatives: Schemes like the Production Linked Incentive (PLI) scheme for textiles, PM MITRA parks, and other policies aimed at boosting manufacturing and exports can provide support.
Technological Upgradation: Investment in modern machinery and processes to improve efficiency, reduce costs, and enhance product quality.
Product Diversification: Expansion into higher-value products like technical textiles or specialty fabrics.
Risks
Commodity Price Volatility: Fluctuations in prices of raw materials such as cotton, synthetic fibers, and dyes can impact profitability.
Intense Competition & Pricing Pressure: The fragmented nature of the industry often leads to aggressive pricing, eroding margins.
Global Economic Slowdown: A downturn in major export markets can significantly reduce international demand.
Currency Fluctuations: An appreciating rupee can make exports less competitive, while a depreciating rupee can increase import costs.
Regulatory Changes: Changes in environmental norms, labor laws, or trade policies can affect operations and costs.
Labor Availability & Cost: The industry is labor-intensive, and challenges in skilled labor availability or rising wage costs can be a risk.
Management & Ownership
As with many Indian companies, Mohit Industries Ltd. is likely promoter-driven, meaning the founding family or individuals hold significant control and play a direct role in management. Promoter holding typically forms the largest block of ownership, ensuring long-term vision but also sometimes concentration of power. The quality of management would depend on their experience, strategic vision, and corporate governance practices, which would require a deeper dive into annual reports and public disclosures. Other ownership typically includes institutional investors (mutual funds, FIIs) and the public.
Outlook
Mohit Industries operates in a dynamic yet challenging sector. The Indian textile industry benefits from a robust domestic market, strong raw material base, and government impetus for manufacturing and exports. This provides a supportive backdrop for potential growth, especially if the company can leverage its operational efficiencies, scale, or product specialization to capture market share. However, the industry is also highly susceptible to global economic cycles, commodity price volatility, intense competition, and currency risks. Sustained profitability will depend on the company's ability to manage these external factors, continuously innovate, and maintain cost competitiveness, while also navigating labor and environmental considerations.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 27 | 21 | 26 | 30 | 36 | 32 | 35 | 36 | 37 | 25 |
| Other Income | 1 | 0 | 1 | 1 | -0 | 1 | -0 | 1 | 1 | 2 |
| Total Income | 27 | 21 | 27 | 30 | 36 | 33 | 34 | 37 | 38 | 26 |
| Total Expenditure | 26 | 21 | 27 | 30 | 35 | 32 | 33 | 36 | 36 | 25 |
| Operating Profit | 2 | 1 | -0 | 0 | 1 | 1 | 1 | 1 | 2 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit Before Tax | 0 | -0 | -1 | -1 | -1 | -1 | -0 | -0 | -0 | -0 |
| Provision for Tax | 0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 |
| Profit After Tax | 0 | -0 | -1 | -1 | -0 | -0 | -0 | -0 | 0 | -0 |
| Adjustments | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 0 | -0 | -1 | -1 | -0 | -0 | -0 | -0 | 0 | -0 |
| Adjusted Earnings Per Share | 0.1 | -0.3 | -0.7 | -0.4 | -0.3 | -0.3 | -0.1 | -0.2 | 0 | -0.2 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 136 | 154 | 158 | 191 | 175 | 150 | 167 | 167 | 132 | 112 | 140 | 133 |
| Other Income | 1 | 2 | 2 | 4 | 3 | 2 | 3 | 3 | 1 | 2 | 2 | 4 |
| Total Income | 138 | 155 | 160 | 195 | 178 | 151 | 170 | 170 | 133 | 114 | 142 | 135 |
| Total Expenditure | 124 | 142 | 147 | 182 | 167 | 142 | 162 | 165 | 130 | 113 | 138 | 130 |
| Operating Profit | 14 | 13 | 13 | 13 | 11 | 9 | 8 | 5 | 3 | 1 | 5 | 5 |
| Interest | 7 | 7 | 8 | 9 | 7 | 6 | 5 | 4 | 4 | 3 | 4 | 4 |
| Depreciation | 4 | 4 | 4 | 4 | 3 | 2 | 3 | 2 | 1 | 1 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit Before Tax | 3 | 2 | 1 | 1 | 0 | 1 | 0 | -1 | -3 | -3 | -1 | 0 |
| Provision for Tax | 1 | 0 | 1 | -0 | -0 | 0 | 0 | 0 | -1 | -1 | -1 | 0 |
| Profit After Tax | 2 | 2 | 0 | 1 | 0 | 1 | 0 | -1 | -2 | -2 | -1 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | -0 | 0 | -0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 2 | 2 | 0 | 1 | -0 | 1 | 0 | -1 | -2 | -2 | -1 | 0 |
| Adjusted Earnings Per Share | 1.5 | 1.4 | 0.3 | 0.5 | -0 | 0.5 | 0.1 | -1 | -1.3 | -1.7 | -0.6 | -0.5 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 25% | -6% | -1% | 0% |
| Operating Profit CAGR | 400% | 0% | -11% | -10% |
| PAT CAGR | 0% | 0% | NAN% | NAN% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -34% | 6% | 13% | -5% |
| ROE Average | -1% | -1% | -1% | 1% |
| ROCE Average | 2% | 1% | 2% | 5% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 29 | 50 | 68 | 35 | 33 | 54 | 138 | 181 | 273 | 176 | 93 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 12 | 14 | 11 | 8 | 7 | 13 | 16 | 8 | 5 | 4 | 7 |
| Other Non-Current Liabilities | 4 | 4 | 4 | 3 | 2 | 2 | 2 | 2 | 1 | 0 | -0 |
| Total Current Liabilities | 62 | 56 | 60 | 64 | 50 | 44 | 43 | 51 | 51 | 61 | 50 |
| Total Liabilities | 107 | 124 | 143 | 110 | 93 | 112 | 199 | 242 | 330 | 242 | 149 |
| Fixed Assets | 28 | 31 | 32 | 29 | 26 | 24 | 22 | 20 | 19 | 18 | 26 |
| Other Non-Current Assets | 12 | 31 | 43 | 10 | 7 | 27 | 117 | 160 | 255 | 168 | 81 |
| Total Current Assets | 67 | 63 | 67 | 71 | 60 | 61 | 60 | 61 | 56 | 55 | 43 |
| Total Assets | 107 | 124 | 143 | 110 | 93 | 112 | 199 | 242 | 330 | 242 | 149 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 3 | 2 | 2 | 14 | 9 | 2 | -1 | -0 | 9 | -5 | 13 |
| Cash Flow from Investing Activities | -7 | -6 | -3 | -7 | 0 | -0 | -0 | 1 | -2 | -1 | -2 |
| Cash Flow from Financing Activities | 4 | 4 | 1 | -7 | -8 | -2 | 2 | -1 | -7 | 6 | -10 |
| Net Cash Inflow / Outflow | -0 | 0 | -0 | 0 | 0 | -0 | -0 | -0 | -0 | -0 | 0 |
| Closing Cash & Cash Equivalent | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.54 | 1.37 | 0.31 | 0.5 | -0.03 | 0.49 | 0.09 | -1.02 | -1.35 | -1.71 | -0.56 |
| CEPS(Rs) | 4.33 | 4.14 | 3.12 | 3.19 | 2.38 | 2.21 | 2.06 | 0.18 | -0.32 | -0.88 | 0.44 |
| DPS(Rs) | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 20.53 | 35.09 | 47.89 | 24.88 | 23.55 | 37.83 | 97.51 | 127.6 | 192.93 | 124.33 | 65.37 |
| Core EBITDA Margin(%) | 8.7 | 7.06 | 6.67 | 4.93 | 4.35 | 4.91 | 3.02 | 1.29 | 1.22 | -0.4 | 1.69 |
| EBIT Margin(%) | 7.13 | 5.6 | 5.49 | 5 | 4.34 | 4.47 | 3.37 | 1.91 | 1.08 | 0.16 | 2.26 |
| Pre Tax Margin(%) | 2.19 | 1.04 | 0.54 | 0.32 | 0.07 | 0.69 | 0.22 | -0.77 | -1.95 | -2.92 | -0.95 |
| PAT Margin (%) | 1.51 | 1.03 | 0.22 | 0.36 | 0.14 | 0.45 | 0.17 | -0.88 | -1.47 | -2.19 | -0.54 |
| Cash Profit Margin (%) | 4.28 | 3.61 | 2.76 | 2.36 | 1.92 | 2.09 | 1.75 | 0.15 | -0.35 | -1.11 | 0.44 |
| ROA(%) | 2.02 | 1.44 | 0.26 | 0.54 | 0.25 | 0.66 | 0.18 | -0.67 | -0.68 | -0.86 | -0.38 |
| ROE(%) | 7.46 | 4.24 | 0.6 | 1.34 | 0.74 | 1.56 | 0.3 | -0.92 | -0.85 | -1.1 | -0.56 |
| ROCE(%) | 10.98 | 8.61 | 6.92 | 8.29 | 8.44 | 7.11 | 3.81 | 1.49 | 0.51 | 0.06 | 1.64 |
| Receivable days | 67.13 | 55.93 | 57.24 | 49.08 | 42.98 | 41.36 | 40.32 | 40.71 | 42.11 | 39.95 | 28.84 |
| Inventory Days | 51.29 | 41.22 | 45.16 | 44.2 | 46.43 | 52.47 | 49.85 | 52.77 | 64.17 | 70.87 | 50.45 |
| Payable days | 23.64 | 11 | 6.77 | 16.68 | 22.07 | 17.58 | 15.02 | 12.6 | 7.67 | 10 | 8.13 |
| PER(x) | 27.31 | 30.72 | 88.26 | 15.89 | 0 | 18.81 | 224.63 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 2.04 | 1.2 | 0.57 | 0.32 | 0.13 | 0.24 | 0.2 | 0.09 | 0.1 | 0.22 | 0.29 |
| Dividend Yield(%) | 2.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.9 | 0.83 | 0.67 | 0.37 | 0.31 | 0.42 | 0.48 | 0.43 | 0.6 | 0.88 | 0.58 |
| EV/Core EBITDA(x) | 8.81 | 9.63 | 8.22 | 5.34 | 5.04 | 6.98 | 9.71 | 14.65 | 27.27 | 71.14 | 17.71 |
| Net Sales Growth(%) | 0 | 12.65 | 2.89 | 21.2 | -8.71 | -14.47 | 11.47 | 0.29 | -21.26 | -14.6 | 24.47 |
| EBIT Growth(%) | 0 | -10.93 | -3.67 | 9.24 | -20.58 | -11.99 | -16.13 | -43.21 | -55.36 | -87.32 | 1650.92 |
| PAT Growth(%) | 0 | -22.92 | -78.95 | 95.76 | -63.24 | 167.8 | -57.97 | -617.49 | -30.97 | -27.54 | 69.45 |
| EPS Growth(%) | 0 | -10.76 | -77.31 | 59.42 | -106.94 | 1510.76 | -81.93 | -1263.63 | -32.13 | -27.14 | 67.54 |
| Debt/Equity(x) | 2.2 | 1.38 | 0.99 | 1.73 | 1.52 | 0.94 | 0.38 | 0.31 | 0.19 | 0.35 | 0.6 |
| Current Ratio(x) | 1.09 | 1.11 | 1.12 | 1.11 | 1.19 | 1.39 | 1.4 | 1.2 | 1.1 | 0.9 | 0.86 |
| Quick Ratio(x) | 0.77 | 0.82 | 0.74 | 0.75 | 0.77 | 0.89 | 0.85 | 0.71 | 0.68 | 0.54 | 0.53 |
| Interest Cover(x) | 1.44 | 1.23 | 1.11 | 1.07 | 1.02 | 1.18 | 1.07 | 0.71 | 0.36 | 0.05 | 0.7 |
| Total Debt/Mcap(x) | 1.08 | 1.15 | 1.72 | 5.46 | 11.67 | 3.91 | 1.87 | 3.44 | 1.96 | 1.61 | 2.1 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 54.82 | 54.82 | 54.82 | 54.94 | 54.94 | 54.94 | 54.94 | 54.94 | 54.94 | 54.94 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 45.18 | 45.18 | 45.18 | 45.06 | 45.06 | 45.06 | 45.06 | 45.06 | 45.06 | 45.06 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +25% | -6% | -1% | 0% |
| Operating Profit CAGR | +400% | 0% | -11% | -10% |
| PAT CAGR | — | — | 0% | 0% |
| Share Price CAGR | -34% | +6% | +13% | -5% |
| ROE Average | -1% | -1% | -1% | +1% |
| ROCE Average | +2% | +1% | +2% | +5% |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 54.82 | 54.82 | 54.82 | 54.94 | 54.94 | 54.94 | 54.94 | 54.94 | 54.94 | 54.94 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 45.18 | 45.18 | 45.18 | 45.06 | 45.06 | 45.06 | 45.06 | 45.06 | 45.06 | 45.06 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 | 1.42 |
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