Mayur Uniquoters Ltd logo

Mayur Uniquoters Ltd

MAYURUNIQ NSE

Key Fundamentals

MicrocapLeather ProductsConsumer Goods
Market Cap
₹3,200 Cr
Volatility
Moderate
P/E Ratio
15.7
EBITDA
₹235 Cr
Return on Equity
15.62%
Debt to Equity
0.01
Book Value
₹260.63
EPS
₹29.42
52W High
₹907
52W Low
₹471.2

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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36 extracted metrics + investor summaries across FY16–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company is almost debt free.

Growth Rate

Revenue Growth
5.01% ↘
Net Income Growth
22.81% ↗
Cash Flow Change
39.40% ↗
ROE
10.62% ↗
ROCE
14.46% ↗
EBITDA Margin (Avg.)
-8.78% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 43d ago
AI opinion · based on fundamentals
Risk medium

Mayur Uniquoters is India's leading synthetic leather manufacturer with a market cap of ₹3,886 Cr, trading at a PE of 20.1x. The company delivered FY26 revenue of ₹967 Cr (10% YoY growth) with net profit of ₹192 Cr (28% YoY growth), operating on a virtually debt-free balance sheet with improving margins (OPM expanding from 19% in FY24 to 23% in FY26).

Bull Case 8
  • Virtually debt-free balance sheet with negligible interest cost of ₹1.39 Cr in FY26 against ₹259 Cr PBT, providing financial flexibility for capacity expansion
  • Operating profit margin expanded from 17.5% in FY23 to 23% in FY26, indicating strong pricing power and operating leverage as revenue scales
  • Compounded profit growth of 23% over 3 years and 30% TTM significantly outpaces revenue growth of 8-10%, demonstrating margin expansion and operational efficiency
  • Consistent ROE of 17-18% over 3, 5, and 10-year periods reflects durable capital efficiency without reliance on leverage
  • Diversified client base across marquee auto OEMs (Maruti, Tata, Mahindra, Hyundai, BMW, Mercedes) and footwear brands (Bata, Relaxo, Liberty) reduces customer concentration risk
  • Export revenue of ₹97 Cr in Q3 FY26 alone, with management guiding 30% export growth in FY26-27, driven by European auto OEM relationships
  • Q4 FY26 PAT jumped 73% YoY to ₹60.7 Cr with EBITDA margin surging to 33.5%, suggesting accelerating profitability momentum
  • PU leather segment expected to grow at least 50% annually per management, opening a new higher-margin revenue stream beyond core PVC business
Bear Case 8
  • Revenue CAGR of only 7-8% over 3 and 10 years indicates structurally modest topline growth for a company trading at 20x PE
  • Stock has rallied 54% in the last 1 year, compressing the margin of safety and pricing in much of the near-term earnings growth
  • Dividend payout ratio of only 13.6% in FY26 with a yield of 0.57%, offering minimal income return to shareholders despite strong cash generation
  • 10-year stock CAGR of just 8% despite consistent 17% ROE suggests the market has historically been unwilling to assign premium multiples to this business
  • Automotive segment contributes ~63% of revenue, making the company cyclically exposed to auto production volumes and OEM procurement cycles
  • PVC accounts for 61% of sales, creating raw material concentration risk tied to crude oil and petrochemical price volatility
  • 5-year revenue CAGR of 14% includes a COVID recovery base effect; normalised organic growth closer to 7-10% may not justify current valuation expansion
  • Market cap of ₹3,886 Cr on FY26 net profit of ₹192 Cr implies limited room for further PE re-rating from the current 20x level without sustained earnings acceleration

This is AI-generated analysis, not financial advice. Do your own due diligence.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
201
203
178
221
213
208
208
251
216
240
237
273
269
Expenses
162
160
143
180
165
165
162
198
173
190
182
188
210
Operating Profit
39
43
35
41
48
43
47
53
43
50
56
86
59
OPM %
20%
21%
20%
19%
23%
21%
22%
21%
20%
21%
23%
31%
22%
Other Income
8
8
9
7
11
15
3
12
20
13
19
3
23
Interest
1
1
1
1
0
0
0
0
0
0
0
0
0
Depreciation
7
7
7
7
7
7
7
7
7
7
7
7
8
PBT
40
43
36
40
51
51
42
57
55
56
67
81
74
Tax %
23%
24%
25%
19%
27%
21%
28%
27%
26%
27%
24%
27%
24%
Net Profit
31
32
27
32
37
40
31
42
41
41
51
59
56
EPS in Rs
6.95
7.38
6.21
7.33
8.5
9.17
7.04
9.55
9.37
9.4
11.67
13.68
12.92
Figures in ₹ Crores

Profit & Loss

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
491
474
570
591
528
513
656
776
803
880
967
1,020
Expenses
361
347
420
462
424
391
531
637
644
689
732
770
Operating Profit
131
126
150
129
104
122
126
139
159
191
235
251
OPM %
27%
27%
26%
22%
20%
24%
19%
18%
20%
22%
24%
25%
Other Income
6
11
13
22
20
20
20
18
32
41
55
58
Interest
3
1
1
1
2
4
2
2
3
2
1
1
Depreciation
16
17
17
18
18
18
20
22
29
29
29
30
PBT
117
120
145
132
104
120
123
132
159
201
259
278
Tax %
34%
32%
33%
32%
23%
25%
23%
21%
23%
26%
26%
—
Net Profit
77
82
97
90
80
90
94
104
122
149
192
207
EPS in Rs
16.68
17.81
21.38
19.76
17.6
20.13
21.17
23.71
27.86
34.36
44.13
47.67
Div. Payout %
21%
6%
7%
16%
23%
10%
9%
8%
11%
15%
14%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
23
23
23
23
23
22
22
22
22
22
22
Reserves
312
364
427
495
555
601
685
732
845
934
1,111
Borrowings
26
12
6
22
34
41
31
25
15
9
8
Other Liabilities
74
75
77
80
84
93
84
92
80
90
122
Total Liabilities
435
474
532
620
696
757
822
871
963
1,055
1,262
Fixed Assets
135
128
132
128
165
194
220
242
232
222
213
CWIP
8
4
2
39
39
15
12
1
1
1
3
Investments
97
124
156
187
165
205
154
132
186
212
285
Other Assets
196
218
242
266
327
343
437
496
544
620
762
Total Assets
435
474
532
620
696
757
822
871
963
1,055
1,262
Figures in ₹ Crores

Cash Flow

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
70
75
87
63
63
55
13
121
113
157
133
Investing
-33
-26
-30
-68
-48
-20
17
-32
-78
-68
-115
Financing
-44
-46
-50
-3
-7
-38
-21
-67
-21
-70
-24
Net Cash Flow
-7
3
7
-8
9
-3
9
23
14
19
-6
Free Cash Flow
53
64
80
17
14
27
-34
91
91
139
110
CFO/OP
79
97
90
86
85
63
35
114
94
108
86
Figures in ₹ Crores

Ratios

  Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
73
73
66
55
67
81
68
63
72
76
79
Inventory Days
85
117
109
125
160
212
207
182
161
144
170
Days Payable
49
82
69
60
72
79
51
57
45
42
52
Cash Conversion Cycle
109
108
106
120
155
214
224
187
188
177
197
Working Capital Days
67
86
86
92
112
138
168
139
166
164
244
ROCE %
—
32%
34%
27%
18%
19%
18%
17%
19%
22%
25%

Shareholding Pattern

As of Jun 2026
Promoters 58.77%
Public 25.13%
Others 8.19%
FIIs 4.78%
DIIs 3.12%
Total 99.99%
  Jan 2021Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Apr 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
61.56%
61.56%
61.56%
59.87%
59.43%
59.43%
59.46%
59.46%
59.11%
59.11%
59.11%
59.11%
58.52%
58.52%
58.52%
58.52%
58.59%
58.59%
58.59%
58.59%
58.59%
58.59%
58.77%
58.77%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.84%
2.84%
3.28%
3.18%
3.18%
3.34%
3.85%
3.31%
3.24%
3.67%
4.78%
DIIs
1.33%
3.64%
3.71%
4.20%
3.79%
3.93%
3.86%
4.13%
7.23%
9.40%
9.74%
9.39%
9.68%
8.67%
6.44%
3.97%
3.18%
3.31%
3.43%
3.45%
3.46%
3.31%
3.65%
3.12%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
24.31%
25.11%
24.69%
25.79%
25.74%
25.68%
26.23%
25.80%
23.82%
22.57%
21.97%
22.19%
22.24%
22.52%
24.03%
24.83%
25.70%
25.51%
25.49%
25.53%
26.03%
26.15%
25.67%
25.13%
Others
12.80%
9.69%
10.05%
10.13%
11.03%
10.96%
10.46%
10.60%
9.85%
8.92%
9.17%
9.31%
9.55%
7.45%
8.17%
9.40%
9.35%
9.41%
9.15%
8.59%
8.60%
8.71%
8.24%
8.19%
No. of Shareholders
0
26,315
27,990
29,566
31,606
33,327
56,195
39,904
38,802
34,883
32,448
31,767
32,493
33,686
33,732
34,923
41,230
39,967
39,791
39,078
38,960
38,386
38,037
37,381

Documents

Frequently Asked Questions about Mayur Uniquoters Ltd

What does Mayur Uniquoters Ltd do?
Mayur Uniquoters is primarily engaged in the business of manufacturing of Coated Textile Fabrics, artificial leather and PVC Vinyl which are widely used in different segments such as Footwear, Furnishings, Automotive OEM, Automotive replacement market, and Automotive Exports.
Where is Mayur Uniquoters Ltd (MAYURUNIQ) listed?
Mayur Uniquoters Ltd is listed on the Indian stock exchanges. It is listed on NSE: MAYURUNIQ and BSE: 522249. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Mayur Uniquoters Ltd belong to?
Mayur Uniquoters Ltd operates in the Consumer Goods sector within the Leather Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Mayur Uniquoters Ltd?
Mayur Uniquoters Ltd has a market capitalisation of approximately ₹3199.85 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Mayur Uniquoters Ltd?
The Price-to-Earnings (PE) ratio of Mayur Uniquoters Ltd is 15.70. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Mayur Uniquoters Ltd?
Over the past 52 weeks, Mayur Uniquoters Ltd has traded between a low of ₹471.2 and a high of ₹907. This range helps investors understand the stock's price volatility and recent trading levels.
Does Mayur Uniquoters Ltd pay dividends?
Yes, Mayur Uniquoters Ltd has a dividend yield of 0.83%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Mayur Uniquoters Ltd?
Mayur Uniquoters Ltd has a Return on Equity (ROE) of 15.62%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Mayur Uniquoters Ltd on Tapetide?
On Tapetide, you can view Mayur Uniquoters Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Mayur Uniquoters is primarily engaged in the business of manufacturing of Coated Textile Fabrics, artificial leather and PVC Vinyl which are widely used in different segments such as Footwear, Furnishings, Automotive OEM, Automotive replacement market, and Automotive Exports.

Website mayuruniquoters.com
CEO Mr. Suresh Kumar Poddar B.Sc
Employees 473
Listed 2012-09-25
Face Value ₹ 5
Issued Size 4,34,52,600

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