Textile - Spinning · Founded 1990 · www.mohite.com · BSE 532140 · · ISIN INE154B01023
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Business
Mohite Industries Ltd. operates in the Textile - Spinning sector in India. Its core business involves the manufacturing of yarn from various raw fibers, which typically include cotton, synthetic fibers (like polyester, viscose), or blends thereof. The company's business model revolves around sourcing raw materials, processing them through spinning mills to produce yarn, and then selling this yarn as an intermediary product to downstream textile manufacturers. It makes money by selling its produced yarn to weavers, knitters, fabric manufacturers, and garment makers, potentially serving both domestic and export markets.
Revenue Mix
Based on the provided information, Mohite Industries Ltd.'s primary business segment is Textile Spinning. Specific breakdowns of revenue contribution by different types of yarn (e.g., cotton yarn, blended yarn, synthetic yarn), yarn counts, or geographical markets (domestic vs. export) are not available.
Industry
The Indian textile spinning industry is highly fragmented, characterized by a large number of players ranging from small-scale units to large integrated textile groups. It is capital-intensive, cyclical, and heavily dependent on raw material availability and prices, as well as demand from the weaving, knitting, and garmenting sectors. Without specific details on Mohite Industries Ltd.'s capacity, market share, or product specialization, it is difficult to precisely position it against peers. However, it operates within a competitive environment where operational efficiency, cost management, and customer relationships are crucial for success.
MOAT
In the commodity-oriented textile spinning industry, durable competitive advantages (moats) are often challenging to build and sustain. Mohite Industries Ltd. may possess some advantages, but specific information is not available:
Cost Advantage: Potential for a moat if the company has highly efficient manufacturing processes, access to cheaper raw materials, captive power generation, or better economies of scale than competitors.
Customer Relationships: Long-standing relationships with large fabric manufacturers or exporters could provide some stickiness.
Niche Specialization: If the company produces specialized or high-quality yarns that command a premium or have fewer competitors.
Brand: Less relevant for a B2B spinning company selling commodity yarn.
Without specific details, it is likely that any moat would stem from operational excellence and cost leadership rather than brand or network effects typical of B2C businesses.
Growth Drivers
Increasing Domestic Demand: Growth in India's disposable income and changing fashion trends drive demand for textiles and apparel, boosting the need for yarn.
Export Opportunities: Global demand for textiles and clothing, coupled with India's competitive position in textile exports, can drive growth for spinning units.
Downstream Textile Industry Growth: Expansion or modernization of weaving, knitting, and garment manufacturing sectors will directly increase demand for yarn.
Government Initiatives: Schemes like the Production Linked Incentive (PLI) scheme for textiles or favorable trade policies can support industry growth and capacity expansion.
Risks
Raw Material Price Volatility: Fluctuations in prices of cotton, synthetic fibers, and other raw materials can significantly impact profitability.
Intense Competition & Pricing Pressure: The fragmented nature of the industry often leads to price wars, affecting margins.
Cyclicality of Textile Industry: The industry is subject to economic cycles, global demand shifts, and fashion trends, leading to demand volatility.
Foreign Exchange Fluctuations: For companies involved in exports or importing raw materials, currency volatility poses a risk.
Energy Costs: Spinning is an energy-intensive process, and rising power costs can erode profitability.
Regulatory & Trade Policies: Changes in government subsidies, import duties, export incentives, or environmental regulations can impact operations.
Management & Ownership
Mohite Industries Ltd., like many Indian companies, is likely promoter-driven, meaning a founding family or group holds a significant stake and plays a key role in management. Specific information regarding the promoters' background, management quality, or the detailed ownership structure (e.g., promoter holding, institutional holding, public holding) is not available.
Outlook
Mohite Industries Ltd. operates in a foundational segment of the Indian textile industry. The industry's outlook is influenced by both domestic consumption growth, driven by India's large population and rising incomes, and export potential, benefiting from global demand and India's competitive manufacturing base. However, the company faces inherent challenges associated with the textile spinning sector, including raw material price volatility, intense competition, and the cyclical nature of demand. Its performance will largely depend on its operational efficiency, ability to manage input costs, adapt to market demands, and navigate global trade dynamics. While domestic market growth provides a stable demand floor, export success remains a key growth lever, albeit one exposed to global economic fluctuations.
Price goes above X
Price falls below X
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PE falls below X
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 25 | 22 | 62 | 47 | 47 | 37 | 35 | 25 | 52 | 46 |
| Other Income | -1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Total Income | 24 | 24 | 63 | 48 | 48 | 38 | 36 | 26 | 53 | 47 |
| Total Expenditure | 14 | 22 | 55 | 41 | 39 | 32 | 32 | 23 | 47 | 41 |
| Operating Profit | 9 | 2 | 8 | 6 | 10 | 6 | 4 | 3 | 6 | 7 |
| Interest | 6 | 2 | 3 | 3 | 5 | 3 | 3 | 2 | 2 | 4 |
| Depreciation | 2 | -0 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 2 | 0 | 1 | 2 | 3 | 1 | -0 | -1 | 3 | 1 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 2 | 0 | 0 | 2 | 3 | 1 | -0 | -1 | 3 | 1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | 2 | 0 | 0 | 2 | 3 | 1 | -0 | -1 | 3 | 1 |
| Adjusted Earnings Per Share | 0.1 | 0 | 0 | 0.1 | 0.1 | 0.1 | -0 | -0.1 | 0.2 | 0.1 |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 103 | 116 | 122 | 92 | 161 | 84 | 125 | 167 | 158 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 4 | 5 |
| Total Income | 103 | 117 | 123 | 92 | 161 | 87 | 128 | 170 | 162 |
| Total Expenditure | 86 | 97 | 103 | 73 | 139 | 62 | 105 | 144 | 143 |
| Operating Profit | 17 | 20 | 19 | 19 | 22 | 25 | 22 | 26 | 20 |
| Interest | 9 | 11 | 9 | 9 | 10 | 10 | 12 | 14 | 11 |
| Depreciation | 7 | 7 | 6 | 6 | 5 | 7 | 6 | 7 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 2 | 4 | 4 | 7 | 7 | 4 | 6 | 3 |
| Provision for Tax | -0 | -0 | -0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Profit After Tax | 1 | 2 | 4 | 4 | 7 | 7 | 4 | 5 | 3 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 2 | 4 | 4 | 7 | 7 | 4 | 5 | 3 |
| Adjusted Earnings Per Share | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.3 | 0.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 34% | 1% | 6% | 0% |
| Operating Profit CAGR | 18% | 6% | 6% | 0% |
| PAT CAGR | 25% | -11% | 5% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -28% | 7% | 15% | -1% |
| ROE Average | 5% | 5% | 5% | 4% |
| ROCE Average | 8% | 8% | 8% | 7% |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 87 | 89 | 92 | 94 | 104 | 109 | 111 | 114 |
| Minority's Interest | 0 | 0 | 3 | 5 | 6 | 8 | 9 | 11 |
| Borrowings | 52 | 53 | 67 | 69 | 61 | 70 | 96 | 75 |
| Other Non-Current Liabilities | 3 | 2 | 2 | 3 | 2 | 3 | 3 | 4 |
| Total Current Liabilities | 37 | 35 | 37 | 37 | 42 | 45 | 50 | 54 |
| Total Liabilities | 179 | 179 | 201 | 207 | 216 | 235 | 268 | 257 |
| Fixed Assets | 76 | 71 | 72 | 67 | 64 | 80 | 81 | 74 |
| Other Non-Current Assets | 1 | 6 | 4 | 1 | 1 | 31 | 31 | 32 |
| Total Current Assets | 102 | 103 | 125 | 139 | 152 | 124 | 156 | 151 |
| Total Assets | 179 | 179 | 201 | 207 | 216 | 235 | 268 | 257 |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 2 | 1 | 8 | 2 | 2 | 7 | 5 |
| Cash Flow from Operating Activities | 12 | 22 | 7 | 4 | 6 | 33 | -10 | 32 |
| Cash Flow from Investing Activities | -4 | -6 | -5 | -1 | -27 | -24 | -10 | 0 |
| Cash Flow from Financing Activities | -7 | -16 | 5 | -9 | -1 | -4 | 18 | -33 |
| Net Cash Inflow / Outflow | 0 | -1 | 7 | -6 | -22 | 5 | -2 | -1 |
| Closing Cash & Cash Equivalent | 2 | 1 | 8 | 2 | -20 | 7 | 5 | 4 |
| # | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.07 | 0.11 | 0.21 | 0.18 | 0.33 | 0.33 | 0.18 | 0.27 |
| CEPS(Rs) | 0.43 | 0.47 | 0.51 | 0.45 | 0.59 | 0.7 | 0.5 | 0.6 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 4.31 | 4.42 | 4.57 | 4.68 | 5.2 | 5.44 | 5.52 | 5.67 |
| Core EBITDA Margin(%) | 16.81 | 16.98 | 15.47 | 20.08 | 13.24 | 26.57 | 15.61 | 13.53 |
| EBIT Margin(%) | 9.9 | 10.83 | 10.65 | 14.15 | 10.23 | 20.63 | 12.83 | 11.67 |
| Pre Tax Margin(%) | 1.13 | 1.73 | 3.45 | 4.06 | 4.3 | 8.65 | 3.05 | 3.41 |
| PAT Margin (%) | 1.33 | 1.83 | 3.48 | 3.87 | 4.16 | 7.93 | 2.85 | 3.26 |
| Cash Profit Margin (%) | 8.3 | 8.07 | 8.39 | 9.9 | 7.33 | 16.7 | 8.01 | 7.28 |
| ROA(%) | 0.67 | 1.19 | 2.24 | 1.74 | 3.15 | 2.96 | 1.42 | 2.07 |
| ROE(%) | 1.93 | 2.43 | 4.72 | 3.82 | 6.72 | 6.26 | 3.24 | 4.83 |
| ROCE(%) | 5.6 | 7.38 | 7.26 | 6.84 | 8.43 | 8.46 | 6.98 | 8.2 |
| Receivable days | 132.74 | 131.27 | 141.47 | 220.04 | 131.6 | 203.78 | 110.67 | 96.95 |
| Inventory Days | 122.03 | 127.31 | 120.44 | 187.09 | 137.14 | 228.26 | 121.01 | 100.82 |
| Payable days | 71.98 | 18.18 | 25.01 | 47.31 | 24.55 | 78.61 | 40.89 | 27.87 |
| PER(x) | 25.31 | 10.99 | 0 | 9.57 | 6.6 | 5.3 | 20.45 | 18.13 |
| Price/Book(x) | 0.4 | 0.26 | 0 | 0.36 | 0.42 | 0.32 | 0.66 | 0.86 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.14 | 0.9 | 0.89 | 1.42 | 0.85 | 1.58 | 1.62 | 1.26 |
| EV/Core EBITDA(x) | 6.73 | 5.27 | 5.7 | 7.01 | 6.31 | 5.36 | 9.02 | 8.02 |
| Net Sales Growth(%) | -44.65 | 12.89 | 5.07 | -25.02 | 74.95 | -47.42 | 48.07 | 33.41 |
| EBIT Growth(%) | -35.17 | 23.39 | 3.41 | -0.4 | 26.52 | 5.99 | -7.96 | 21.36 |
| PAT Growth(%) | -59.48 | 55.4 | 100.4 | -16.82 | 88.08 | 0.27 | -46.69 | 52.33 |
| EPS Growth(%) | -59.48 | 55.4 | 100.4 | -16.82 | 88.08 | 0.27 | -46.68 | 52.28 |
| Debt/Equity(x) | 0.97 | 0.93 | 1.05 | 1.04 | 0.9 | 0.96 | 1.21 | 1.01 |
| Current Ratio(x) | 2.75 | 2.97 | 3.36 | 3.78 | 3.6 | 2.74 | 3.13 | 2.81 |
| Quick Ratio(x) | 1.64 | 1.81 | 2.27 | 2.33 | 2 | 1.9 | 2.24 | 1.93 |
| Interest Cover(x) | 1.13 | 1.19 | 1.48 | 1.4 | 1.73 | 1.72 | 1.31 | 1.41 |
| Total Debt/Mcap(x) | 2.43 | 3.52 | 0 | 2.88 | 2.13 | 2.95 | 1.85 | 1.17 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 68.82 | 68.82 | 68.82 | 68.82 | 68.82 | 68.82 | 68.82 | 68.82 | 68.82 | 68.82 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 31.18 | 31.18 | 31.18 | 31.18 | 31.18 | 31.18 | 31.18 | 31.18 | 31.18 | 31.18 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.38 | 1.38 | 1.38 | 1.38 | 1.38 | 13.83 | 13.83 | 13.83 | 13.83 | 13.83 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 6.27 | 6.27 | 6.27 | 6.27 | 6.27 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 20.1 | 20.1 | 20.1 | 20.1 | 20.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +34% | +1% | +6% | — |
| Operating Profit CAGR | +18% | +6% | +6% | — |
| PAT CAGR | +25% | -11% | +5% | — |
| Share Price CAGR | -28% | +7% | +15% | -1% |
| ROE Average | +5% | +5% | +5% | +4% |
| ROCE Average | +8% | +8% | +8% | +7% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 68.82 | 68.82 | 68.82 | 68.82 | 68.82 | 68.82 | 68.82 | 68.82 | 68.82 | 68.82 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 31.18 | 31.18 | 31.18 | 31.18 | 31.18 | 31.18 | 31.18 | 31.18 | 31.18 | 31.18 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.38 | 1.38 | 1.38 | 1.38 | 1.38 | 13.83 | 13.83 | 13.83 | 13.83 | 13.83 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 6.27 | 6.27 | 6.27 | 6.27 | 6.27 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.01 | 2.01 | 2.01 | 2.01 | 2.01 | 20.1 | 20.1 | 20.1 | 20.1 | 20.1 |
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