Mahalaxmi Rubtech
BSE:514450
514450
BSE
₹493M
Market Cap
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Company description
Mahalaxmi Rubtech Limited manufactures and sells textiles, dyes, pigments, auxiliaries, and synthetic rubber/PU coated fabrics in India. The last earnings update was 329 days ago. More info.
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514450 Share Price and Events
7 Day Returns
1.1%
BSE:514450
-0.6%
IN Luxury
-1.9%
IN Market
1 Year Returns
-21.9%
BSE:514450
-4%
IN Luxury
-2.8%
IN Market
514450 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Mahalaxmi Rubtech (514450) | 1.1% | 2.2% | -12.4% | -21.9% | 20.4% | 44.9% |
| IN Luxury | -0.6% | 1.4% | 8.8% | -4% | 47.5% | 162.4% |
| IN Market | -1.9% | 1.2% | 5.1% | -2.8% | 38.3% | 71% |
1 Year Return vs Industry and Market
- 514450 underperformed the Luxury industry which returned -4% over the past year.
- 514450 underperformed the Market in India which returned -2.8% over the past year.
514450 Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Mahalaxmi Rubtech
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data
Below are the data sources, inputs and calculation used to determine the intrinsic value for Mahalaxmi Rubtech.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 16.7% |
| Perpetual Growth Rate | 10-Year IN Government Bond Rate | 7.6% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year IN Govt Bond Rate | 7.6% |
| Equity Risk Premium | S&P Global | 8.6% |
| Luxury Unlevered Beta | Simply Wall St/ S&P Global | 0.73 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.73 (1 + (1- 35%) (75.76%)) |
1.06 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.06 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.06 * 8.6%) |
16.66% |
Discounted Cash Flow Calculation for BSE:514450 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Mahalaxmi Rubtech is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (INR, Millions) | Source |
Present Value Discounted (@ 16.66%) |
|
|---|---|---|---|
| 2019 | 6.91 | Est @ -37.08% | 5.92 |
| 2020 | 5.27 | Est @ -23.69% | 3.87 |
| 2021 | 4.52 | Est @ -14.32% | 2.85 |
| 2022 | 4.17 | Est @ -7.76% | 2.25 |
| 2023 | 4.04 | Est @ -3.17% | 1.87 |
| 2024 | 4.04 | Est @ 0.05% | 1.60 |
| 2025 | 4.13 | Est @ 2.3% | 1.40 |
| 2026 | 4.29 | Est @ 3.87% | 1.25 |
| 2027 | 4.50 | Est @ 4.98% | 1.13 |
| 2028 | 4.76 | Est @ 5.75% | 1.02 |
| Present value of next 10 years cash flows | ₹23.16 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= ₹4.76 × (1 + 7.55%) ÷ (16.66% – 7.55%) |
₹56.22 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= ₹56.22 ÷ (1 + 16.66%)10 |
₹12.04 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= ₹23.16 + ₹12.04 |
₹35.20 |
| Equity Value per Share (INR) |
= Total value / Shares Outstanding
= ₹35.20 / 13.32 |
₹2.64 |
| Calculation | Result | |
|---|---|---|
| Value per share (INR) | From above. | ₹2.64 |
| Current discount | Discount to share price of
₹39.85
= -1 x (₹39.85 - ₹2.64) / ₹2.64 |
-1408% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Mahalaxmi Rubtech is above its future cash flow value.
Often investors are willing to pay a
premium
for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Mahalaxmi Rubtech's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Mahalaxmi Rubtech's earnings available for a low price, and how does
this compare to other companies in the same industry?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-03-31) in INR | ₹3.57 |
| BSE:514450 Share Price ** | BSE (2019-04-24) in INR | ₹39.85 |
| India Luxury Industry PE Ratio | Median Figure of 240 Publicly-Listed Luxury Companies | 12.23x |
| India Market PE Ratio | Median Figure of 2,739 Publicly-Listed Companies | 16.02x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Mahalaxmi Rubtech.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BSE:514450 Share Price ÷ EPS (both in INR) = 39.85 ÷ 3.57 |
11.15x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Mahalaxmi Rubtech is good value based on earnings compared to the IN Luxury industry average.
- Mahalaxmi Rubtech is good value based on earnings compared to the India market.
Price based on expected Growth
Does
Mahalaxmi Rubtech's expected growth come at a high price?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 11.15x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
13.3%per year |
| India Luxury Industry PEG Ratio | Median Figure of 25 Publicly-Listed Luxury Companies | 1.48x |
| India Market PEG Ratio | Median Figure of 586 Publicly-Listed Companies | 1.32x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Mahalaxmi Rubtech, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Mahalaxmi Rubtech's
assets?
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-03-31) in INR | ₹62.75 |
| BSE:514450 Share Price * | BSE (2019-04-24) in INR | ₹39.85 |
| India Luxury Industry PB Ratio | Median Figure of 311 Publicly-Listed Luxury Companies | 0.75x |
| India Market PB Ratio | Median Figure of 3,630 Publicly-Listed Companies | 1.09x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BSE:514450 Share Price ÷ Book Value per Share (both in INR) = 39.85 ÷ 62.75 |
0.64x |
* Primary Listing of Mahalaxmi Rubtech.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Mahalaxmi Rubtech is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Mahalaxmi Rubtech's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check) Mahalaxmi Rubtech has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
514450 Future Performance
- No analysts cover Mahalaxmi Rubtech, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
13.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Mahalaxmi Rubtech
expected to grow at an
attractive
rate?
- Mahalaxmi Rubtech's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
- Mahalaxmi Rubtech's earnings growth is positive but not above the India market average.
- Unable to compare Mahalaxmi Rubtech's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
| Data Point | Source | Value (per year) |
|---|---|---|
| BSE:514450 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 13.3% |
| India Luxury Industry Earnings Growth Rate | Market Cap Weighted Average | 19.3% |
| India Luxury Industry Revenue Growth Rate | Market Cap Weighted Average | 15% |
| India Market Earnings Growth Rate | Market Cap Weighted Average | 18.3% |
| India Market Revenue Growth Rate | Market Cap Weighted Average | 11.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
Raw Data
All numbers in INR Millions and using
Trailing twelve months (TTM)
annual period rather than quarterly.
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 year ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-03-31 | 2,279 | 131 | 38 |
| 2017-12-31 | 2,285 | 33 | |
| 2017-09-30 | 2,212 | 25 | |
| 2017-06-30 | 2,181 | 33 | |
| 2017-03-31 | 2,027 | 47 | 34 |
| 2016-12-31 | 1,937 | 28 | |
| 2016-09-30 | 1,836 | 31 | |
| 2016-06-30 | 1,731 | 28 | |
| 2016-03-31 | 1,687 | 149 | 31 |
| 2015-12-31 | 1,633 | 29 | |
| 2015-09-30 | 1,685 | 37 | |
| 2015-06-30 | 1,584 | 38 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 year ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Mahalaxmi Rubtech Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2018-03-31 | 3.57 |
| 2017-12-31 | 3.20 |
| 2017-09-30 | |
| 2017-06-30 | |
| 2017-03-31 | 3.79 |
| 2016-12-31 | 3.15 |
| 2016-09-30 | 3.54 |
| 2016-06-30 | 3.19 |
| 2016-03-31 | 3.49 |
| 2015-12-31 | 3.25 |
| 2015-09-30 | 4.20 |
| 2015-06-30 | 4.46 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Mahalaxmi Rubtech will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Mahalaxmi Rubtech has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Future performance checks
We assess Mahalaxmi Rubtech's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Mahalaxmi Rubtech has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
514450 Past Performance
How has Mahalaxmi Rubtech performed over the past 5 years?
- Mahalaxmi Rubtech's last earnings update was 329 days ago.
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Mahalaxmi Rubtech's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
- Insufficient data to establish if Mahalaxmi Rubtech's year on year earnings growth rate was positive over the past 5 years.
- Unable to compare Mahalaxmi Rubtech's 1-year earnings growth to the 5-year average due to insufficient past data.
- Mahalaxmi Rubtech's earnings growth has not exceeded the IN Luxury industry average in the past year (12.2% vs 14.8%).
Earnings and Revenue History
Mahalaxmi Rubtech's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
Raw Data
All data from Mahalaxmi Rubtech Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-03-31 | 2,278.79 | 38.11 | 114.40 | |
| 2017-12-31 | 2,285.38 | 32.85 | 116.92 | |
| 2017-09-30 | 2,211.99 | 25.49 | 112.87 | |
| 2017-06-30 | 2,180.66 | 33.44 | 108.75 | |
| 2017-03-31 | 2,026.51 | 33.98 | 105.12 | |
| 2016-12-31 | 1,936.81 | 27.83 | 102.59 | |
| 2016-09-30 | 1,836.38 | 31.29 | 97.42 | |
| 2016-06-30 | 1,731.12 | 28.15 | 93.22 | |
| 2016-03-31 | 1,687.42 | 30.80 | 88.26 | |
| 2015-12-31 | 1,632.56 | 28.73 | 139.98 | |
| 2015-09-30 | 1,685.09 | 37.48 | 139.11 | |
| 2015-06-30 | 1,584.30 | 38.04 | 70.67 | |
| 2015-03-31 | 1,447.21 | 29.12 | 75.35 | |
| 2014-12-31 | 1,334.19 | 33.43 | 112.39 | |
| 2014-09-30 | 1,321.69 | 25.78 | 110.23 | |
| 2014-06-30 | 1,403.02 | 23.34 | 70.24 | |
| 2014-03-31 | 1,494.69 | 22.93 | 107.74 | |
| 2013-12-31 | 1,519.87 | 28.32 | 90.54 | |
| 2013-09-30 | 1,450.80 | 23.82 | 85.98 | |
| 2013-06-30 | 1,355.95 | 24.05 | 49.15 | |
| 2013-03-31 | 1,224.91 | 22.06 | 75.52 | |
| 2012-12-31 | 1,167.52 | 11.64 | 72.38 | |
| 2012-09-30 | 1,103.68 | 11.74 | 68.61 | |
| 2012-06-30 | 1,012.03 | 13.15 | 67.25 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Mahalaxmi Rubtech has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Mahalaxmi Rubtech used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
- Mahalaxmi Rubtech's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Mahalaxmi Rubtech has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Past performance checks
We assess Mahalaxmi Rubtech's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Mahalaxmi Rubtech has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
514450 Health
How is Mahalaxmi Rubtech's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Mahalaxmi Rubtech's finances.
The net worth of a company is the difference between its assets and liabilities.
- Mahalaxmi Rubtech is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Mahalaxmi Rubtech's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
Mahalaxmi Rubtech's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data
All data from Mahalaxmi Rubtech Company Filings, last reported 1 year ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-03-31 | 719.73 | 373.38 | 117.51 |
| 2017-12-31 | 644.58 | 371.41 | 94.26 |
| 2017-09-30 | 644.58 | 371.41 | 94.26 |
| 2017-06-30 | 630.30 | 362.20 | 117.44 |
| 2017-03-31 | 631.22 | 362.20 | 112.03 |
| 2016-12-31 | 530.45 | 442.34 | 93.80 |
| 2016-09-30 | 530.45 | 442.34 | 93.80 |
| 2016-06-30 | 508.48 | 438.37 | 92.74 |
| 2016-03-31 | 508.48 | 438.37 | 92.74 |
| 2015-12-31 | 499.03 | 517.55 | 76.86 |
| 2015-09-30 | 499.03 | 517.55 | 76.86 |
| 2015-06-30 | 477.54 | 453.80 | 21.65 |
| 2015-03-31 | 477.54 | 432.43 | 21.64 |
| 2014-12-31 | 457.69 | 514.81 | 14.46 |
| 2014-09-30 | 457.69 | 514.81 | 14.46 |
| 2014-06-30 | 446.13 | 433.71 | 4.71 |
| 2014-03-31 | 446.13 | 499.63 | 4.71 |
| 2013-12-31 | 433.50 | 528.45 | 17.14 |
| 2013-09-30 | 433.50 | 528.45 | 17.14 |
| 2013-06-30 | 423.22 | 483.43 | 9.88 |
| 2013-03-31 | 423.22 | 483.74 | 9.88 |
| 2012-12-31 | 409.57 | 479.46 | 8.98 |
| 2012-09-30 | 409.57 | 479.46 | 8.98 |
| 2012-06-30 |
- Mahalaxmi Rubtech's level of debt (51.9%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (114.3% vs 51.9% today).
- Debt is well covered by operating cash flow (35.1%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 4.4x coverage).
X
Full details on the Health part of the Simply Wall St company analysis model.
Financial health checks
We assess Mahalaxmi Rubtech's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Mahalaxmi Rubtech has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
514450 Dividends
What is Mahalaxmi Rubtech's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
0%
Current annual income from
Mahalaxmi Rubtech
dividends.
If you bought
₹2,000 of
Mahalaxmi Rubtech
shares you are expected to receive
₹0
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
- Unable to evaluate Mahalaxmi Rubtech's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Mahalaxmi Rubtech's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
Raw Data
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| India Luxury Industry Average Dividend Yield | Market Cap Weighted Average of 110 Stocks | 0.6% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1400 Stocks | 1.4% |
| India Minimum Threshold Dividend Yield | 10th Percentile | 0.3% |
| India Bottom 25% Dividend Yield | 25th Percentile | 0.5% |
| India Top 25% Dividend Yield | 75th Percentile | 2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in ₹) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
| Date (Data in ₹) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2014-02-12 | 0.000 | 0.000 |
| 2013-11-12 | 0.000 | 0.000 |
| 2013-08-12 | 0.000 | 0.000 |
| 2013-05-30 | 0.000 | 0.000 |
| 2012-09-27 | 0.500 | 1.256 |
| 2011-08-22 | 0.500 | 0.892 |
| 2011-05-19 | 0.500 | 0.523 |
| 2010-09-29 | 0.500 | 0.337 |
| 2009-06-29 | 0.500 | 0.602 |
| 2009-06-01 | 0.500 | 1.565 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Mahalaxmi Rubtech has not reported any payouts.
- Unable to verify if Mahalaxmi Rubtech's dividend has been increasing as the company has not reported any payouts.
X
Full details on the Dividends part of the Simply Wall St company analysis model.
Income/ dividend checks
We assess Mahalaxmi Rubtech's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Mahalaxmi Rubtech afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Mahalaxmi Rubtech has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
514450 Management
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
Rahul
Parekh
| COMPENSATION | ₹1,832,400 |
| AGE | 46 |
| TENURE AS CEO | 16.7 years |
CEO Bio
Mr. Rahul Jeetmal Parekh has been the Managing Director of Mahalaxmi Rubtech Ltd since August 1, 2002 and has been its Executive Director since July 5, 1995.
CEO Compensation
- Rahul's compensation has been consistent with company performance over the past year.
- Rahul's remuneration is higher than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the Mahalaxmi Rubtech management team in years:
8.7
Average Tenure
50
Average Age
- The average tenure for the Mahalaxmi Rubtech management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Rahul Parekh
TITLE
MD & Executive Director
COMPENSATION
₹2M
AGE
46
TENURE
16.7 yrs
Anand Parekh
TITLE
Joint MD & Director
COMPENSATION
₹2M
AGE
42
Rajendra Mehta
TITLE
Group President & CFO
COMPENSATION
₹228K
AGE
49
Shailesh Koshti
TITLE
Compliance Officer & Company Secretary
TENURE
4.4 yrs
Anantbhai Patel
TITLE
President of Technical Textile Division
AGE
51
Prakash Marathe
TITLE
President of Weaving Division
AGE
59
TENURE
8.7 yrs
Gautam Kothari
TITLE
President of Processing Unit
AGE
53
Board of Directors Tenure
Average tenure and age of the Mahalaxmi Rubtech board of directors in years:
10.4
Average Tenure
46
Average Age
- The average tenure for the Mahalaxmi Rubtech board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Jeetmal Bhoorchand Parekh
TITLE
Non-Executive Chairman
AGE
75
Rahul Parekh
TITLE
MD & Executive Director
COMPENSATION
₹2M
AGE
46
TENURE
23.8 yrs
Anand Parekh
TITLE
Joint MD & Director
COMPENSATION
₹2M
AGE
42
TENURE
10.4 yrs
Nehal Shah
TITLE
Non-Executive Independent Director
AGE
46
TENURE
14.1 yrs
Malav Ajmera
TITLE
Non-Executive Independent Director
AGE
41
TENURE
10.4 yrs
Sangita Singhi
TITLE
Non-Executive Independent Director
AGE
48
TENURE
3.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
X
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Management checks
We assess Mahalaxmi Rubtech's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Mahalaxmi Rubtech has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
514450 News
Simply Wall St News
Was Mahalaxmi Rubtech Limited's (BOM:514450) Earnings Growth Better Than The Industry's?
When Mahalaxmi Rubtech Limited (BOM:514450) announced its most recent earnings (31 March 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Did 514450 beat its long-term earnings growth trend and its industry. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 4.48%, indicating the rate at which 514450 is growing has accelerated
Simply Wall St - – Full article514450 Company Info
Description
Mahalaxmi Rubtech Limited manufactures and sells textiles, dyes, pigments, auxiliaries, and synthetic rubber/PU coated fabrics in India. The company operates in two divisions, Traditional Textiles and Polymer Based Technical Textiles. It offers offset printing blankets; rubber textile printing blankets and coated fabrics; and rubber coated fabrics. The company also provides hydraulic seals, including single acting piston/rod seals, double acting piston seals, wiper dust seals, O-rings, wear rings, and anti-extrusion rings; air cells; and technical textiles. In addition, it exports its products. Mahalaxmi Rubtech Limited was founded in 1991 and is headquartered in Ahmedabad, India.
Details
| Name: | Mahalaxmi Rubtech Limited |
| 514450 | |
| Exchange: | BSE |
| Founded: | 1991 |
| ₹492,850,175 | |
| 13,320,275 | |
| Website: | http://www.mrtglobal.com |
| Address: |
Mahalaxmi Rubtech Limited YSL Avenue, Opposite Ketav Petrol Pump, Ahmedabad, Gujarat, 380015, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BSE | 514450 | Equity Shares | Mumbai Stock Exchange | IN | INR | 26. May 2005 | |
| BSE | 514450 | INR10 | Mumbai Stock Exchange | IN | INR | 24. Apr 2019 |
Number of employees
Current staff
0
Mahalaxmi Rubtech
employees.
Industry
| Textiles | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/24 12:32 |
| End of day share price update: | 2019/04/24 00:00 |
| Last estimates confirmation: | 2018/05/30 |
| Last earnings filing: | 2018/05/30 |
| Last earnings reported: | 2018/03/31 |
| Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
