MarketFriction

Mahalaxmi Rubtech Ltd

NSE MHLXMIRU · BSE 514450 · Other Textile Products
₹175.00 -2.35%
NSE close2026-10-01
52 week range105.53 - 244.65
Market cap₹185 Cr.
P/E7.99
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales19.0419.8820.9620.6023.6225.0222.8825.0529.9627.3929.5631.54
Expenses15.7616.5014.1315.7918.1517.5216.6118.4222.3319.3522.1224.15
Operating Profit3.283.386.834.815.477.506.276.637.638.047.447.39
OPM %17.23%17.00%32.59%23.35%23.16%29.98%27.40%26.47%25.47%29.35%25.17%23.43%
Other Income0.590.290.400.410.530.880.870.631.051.231.271.43
Interest0.370.320.470.330.220.250.270.200.140.130.190.09
Depreciation0.940.940.840.960.970.900.920.830.850.971.191.07
Profit before tax2.562.415.923.934.817.235.956.237.698.177.337.66
Tax %28.52%19.92%34.46%17.30%27.44%25.17%22.35%28.73%23.41%26.07%25.92%24.80%
Net Profit1.841.933.883.263.495.424.614.445.886.045.435.77
EPS in Rs1.741.823.663.083.295.114.354.195.555.705.125.44
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales168202228185180137170697792112118
Expenses1551882141691631191555359688288
Operating Profit131413151618151718243030
OPM %8%7%6%8%9%13%9%24%24%26%27%26%
Other Income102233412345
Interest222233422111
Depreciation7889109844444
Profit before tax55666871215222931
Tax %35%33%33%20%23%22%25%12%25%23%26%
Net Profit33455651111172223
EPS in Rs3.503.403.313.713.624.595.1110.2710.4115.8320.5521.81
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-4%-4%17%23%
Compounded Profit Growth22%29%27%29%
Stock Price CAGR23%30%13%-19%
Return on Equity12%20%27%28%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital9910111313131111111111
Reserves394253607075816631425880
Borrowings434436373533385118161512
Other Liabilities294249585454415312131513
Total Liabilities120136148168172175173180728298115
Fixed Assets626561686862666430292732
CWIP2014211110123
Investments000000030006
Other Assets5572869510210310511241527075
Total Assets120136148168172175173180728298115
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity121551311231416-3171428
Cash from Investing Activity-2-8-5-18-6-15-15-1215-8-9-20
Cash from Financing Activity-9-0352-81-10-8-4-2-4
Net Cash Flow2720800-64534
Free Cash Flow117-0-45111010-6141118
CFO/OP106%120%42%115%85%150%92%150%-6%103%89%121%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days716668667472816346455631
Inventory Days861039184129125145146203156138110
Days Payable10313411711315415816018685549260
Cash Conversion Cycle543642364939672316414710182
Working Capital Days26111315181011-1433223722
ROCE %7%7%7%6%7%7%9%8%15%25%30%33%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters64.80%64.80%64.80%64.80%64.80%64.80%64.80%64.80%64.80%64.80%64.80%64.81%
FIIs0.00%0.00%0.00%0.57%0.57%0.09%0.09%0.12%0.09%0.10%0.09%0.09%
DIIs0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%
Public35.13%35.11%35.10%34.55%34.56%35.04%35.04%35.01%35.01%35.02%35.03%35.03%
No. of Shareholders5,0794,5844,3455,5686,4646,2445,7265,7065,7065,6195,6336,537

Fundamentals

Market Cap₹ 185 Cr.
Current Price₹ 176
Stock P/E7.99
Book Value₹ 85.5
ROCE32.8 %
ROE27.7 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)23%
Compounded Profit Growth (TTM)29%
Standalone figures.
Valuation
Market capRs 186 Cr
Enterprise valueRs 154 Cr
P/E (TTM)8.04x
Price to book2.05x
Price to sales1.57x
EV / EBITDA4.33x
EV / EBIT4.89x
EV / sales1.30x
Price to cash flow6.71x
Earnings yield12.44%
P/E, 3-year average13.73x
P/B, 3-year average3.11x
P/E, 5-year average15.43x
P/B, 5-year average3.11x
Profitability
Operating margin (excl. other income)26.93%
Operating margin (incl. other income)30.29%
EBITDA margin29.95%
Pre-tax margin26.04%
Net profit margin19.52%
Net margin, latest quarter18.29%
ROE27.33%
ROCE32.40%
ROA20.37%
ROE, 3-year average26.08%
ROCE, 3-year average29.30%
ROA, 3-year average17.74%
ROE, 5-year average20.58%
ROCE, 5-year average22.32%
ROA, 5-year average12.98%
ROIC (approx.)39.78%
Tax rate25.93%
Other income / net worth4.16%
Growth
Sales growth (latest year)21.55%
Profit growth (latest year)29.80%
Sales CAGR, 3 years17.26%
Sales CAGR, 5 years-3.90%
Profit CAGR, 3 years25.99%
Profit CAGR, 5 years28.99%
Sales growth QoQ6.70%
Profit growth QoQ6.26%
Sales growth YoY (latest quarter)25.91%
Profit growth YoY (latest quarter)29.95%
Per share
EPS (TTM)Rs 21.77
EPS (latest year)Rs 20.51
EPS (latest quarter)Rs 5.43
EPS, 3-year averageRs 15.56
EPS, 5-year averageRs 12.41
Book value per shareRs 85.37
Sales per shareRs 111.53
Cash flow per shareRs 26.07
Free cash flow per shareRs 16.95
Efficiency
Asset turnover0.97x
Fixed asset turnover3.49x
Inventory turnover3.96x
Inventory days92 days
Debtor days31 days
Debtors turnover11.62x
Creditor days60 days
Cash conversion cycle82 days
Working capital days22 days
Leverage
Total debtRs 12 Cr
Cash and bankRs 44 Cr
Net debtRs -32 Cr
Debt to equity0.13x
Net debt / EBITDA-0.91x
Interest coverage57.09x
Owners' fund to total sources78.58%
Debt to assets10.10%
Cash flow
Cash from Operating Activity (latest year)Rs 28 Cr
Cash from Investing Activity (latest year)Rs -20 Cr
Cash from Financing Activity (latest year)Rs -4 Cr
Net Cash Flow (latest year)Rs 4 Cr
Free cash flow (latest year)Rs 18 Cr
FCFE (approx.: FCF + change in debt)Rs 15 Cr
Cash from ops / profit, 5 years1.09x
Sales to cash flow4.04x
Statement figures
Net sales (TTM)Rs 118 Cr
Net sales (latest year)Rs 112 Cr
Sales (latest quarter)Rs 32 Cr
Operating profit excl. other income (latest year)Rs 30 Cr
Operating profit (latest quarter)Rs 7 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 35 Cr
PBDT (TTM)Rs 35 Cr
Profit before tax (TTM)Rs 31 Cr
Tax (latest year)Rs 8 Cr
Net profit (TTM)Rs 23 Cr
Net profit (latest year)Rs 22 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 66 Cr
Total expenditure (latest year)Rs 82 Cr
Total income (latest year)Rs 116 Cr
Share capitalRs 11 Cr
ReservesRs 80 Cr
Shareholders' fundsRs 91 Cr
Total assetsRs 115 Cr
Net blockRs 32 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 6 Cr
ReceivablesRs 10 Cr
InventoryRs 17 Cr
Other liabilitiesRs 13 Cr
Shares outstanding (crore)1.06
Ownership
Promoter holding64.81% (+0.01 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 8.0 is at the 31th percentile of its own 9.4-year range (median 11.0, low 3.8, high 57.1).
P/B 2.05 is at the 57th percentile (median 1.35).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMHLXMIRUNifty 50Difference
1 week+7.6%-2.8% +10.4 pts
1 month+1.4%-6.8% +8.2 pts
3 months+24.5%-7.6% +32.1 pts
6 months+11.8%+0.4% +11.4 pts
1 year-21.1%-9.9% -11.1 pts
2 years+5.4%-13.6% +19.0 pts
3 years+1.5%+14.2% -12.7 pts
5 years+262.5%+27.9% +234.6 pts

Red flags

F-score 8 of 8
lookAuditor change Auditor change 2026-07-28: Mahalaxmi Rubtech Limited has informed the Exchange regarding Change in Auditors of the company.
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹32 Cr +25.9% vs Jun 2025. Net profit ₹6 Cr +30.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-23Annual General Meeting
2024-04-19Demerger
2023-09-18Annual General Meeting
2022-09-22Annual General Meeting
DateTypeWhat it says
2026-09-26Shareholder meetingVoting results.
2026-09-25Shareholder meetingProceedings of 35th Annual General Meeting held on September 25, 2026
2026-08-27Shareholder meetingNotice of Annual General Meeting to be held on September 25, 2026
2026-08-27Record DateRecord date Pursuant to Regulation 42 of the SEBI(LODR) Regulations 2015 & the Register of Member and Share Transfer Meeting is 18-Sep-2026.
2026-08-11Board meeting outcomeMahalaxmi Rubtech Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-28Change in AuditorsChange in Auditors of the company.
2026-07-27Change in AuditorsChange in Auditors of the company.
2026-06-30Price movementSignificant movement in price has been observed in Mahalaxmi Rubtech Limited. The Exchange, in order to ensure that investors have latest relevant inf...
2026-06-30Price movementSignificant movement in price has been observed in Mahalaxmi Rubtech Limited. The Exchange, in order to ensure that investors have latest relevant inf...
2026-06-05Disclosure under SEBI TakeovMahalaxmi Rubtech Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) and 31 (5) of the Securities and Exchange Board of...
2026-05-28General UpdatesGeneral Updates
2026-05-28Board meeting outcomeMahalaxmi Rubtech Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-21Shareholder meetingVoting results.
2026-05-15UpdatesAnnual Disclosure to be made by an Entity identified as a Large Corporate.
2026-04-16Shareholder meetingNotice of Postal Ballot
2026-04-01Change in ManagementChange in Management
2026-03-31CessationCessation of Mrs Sangita Shingi as Non- Executive Independent Director of the company w.e.f. March 31, 2026.
2026-03-23Reply to Clarification- FinaThe Exchange had sought clarification from Mahalaxmi Rubtech Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (List...
2026-03-11Clarification - Financial ReThe Exchange has sought clarification from Mahalaxmi Rubtech Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (List...
2026-02-12Board meeting outcomeMahalaxmi Rubtech Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-02-12Board meeting outcomeBoard meeting held on February 12, 2026.
2025-12-26AppointmentAppointment of Mr Kaluram Birdaram Gurjar as Chief Financial Officer of the company w.e.f. December 26, 2025.
2025-11-20Change in Company Secretary/Appointment of Mr. Karan Parikh as the Company Secretary and the Compliance Officer of the company.
2025-11-13Board meeting outcomeMahalaxmi Rubtech Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
2025-11-01ResignationResignation of CS Kalpana Kumari as Company Secretary & Compliance Officer of the company w.e.f. November 15, 2025.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
ESM: stage 1Less than 100 unique PAN traded in previous 30 days
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03