BSE:532140

Stock Analysis Report

Executive Summary

Mohite Industries Limited manufactures and sells slub and compact cotton yarns, and gray knitted fabrics in India.


Snowflake Analysis

Undervalued with proven track record.

Share Price & News

How has Mohite Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 532140 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.8%

532140

1.1%

IN Luxury

-0.6%

IN Market


1 Year Return

-12.4%

532140

19.3%

IN Luxury

11.1%

IN Market

Return vs Industry: 532140 underperformed the Indian Luxury industry which returned 19.3% over the past year.

Return vs Market: 532140 underperformed the Indian Market which returned 11.1% over the past year.


Shareholder returns

532140IndustryMarket
7 Day4.8%1.1%-0.6%
30 Day17.2%4.6%-0.5%
90 Dayn/a11.5%3.0%
1 Year-12.4%-12.4%20.1%19.3%13.1%11.1%
3 Year-58.4%-58.4%54.7%52.8%24.5%18.0%
5 Year-75.3%-75.3%110.4%103.4%37.8%25.7%

Price Volatility Vs. Market

How volatile is Mohite Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Mohite Industries undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 532140 (₹9.9) is trading below our estimate of fair value (₹64.94)

Significantly Below Fair Value: 532140 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 532140 is good value based on its PE Ratio (8.1x) compared to the Luxury industry average (11.4x).

PE vs Market: 532140 is good value based on its PE Ratio (8.1x) compared to the Indian market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532140's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 532140 is good value based on its PB Ratio (0.2x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Mohite Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.7%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mohite Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Mohite Industries performed over the past 5 years?

-30.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532140 has high quality earnings.

Growing Profit Margin: 532140's current net profit margins (2.3%) are higher than last year (1.2%).


Past Earnings Growth Analysis

Earnings Trend: 532140's earnings have declined by -30.8% per year over the past 5 years.

Accelerating Growth: 532140's earnings growth over the past year (82.5%) exceeds its 5-year average (-30.8% per year).

Earnings vs Industry: 532140 earnings growth over the past year (82.5%) exceeded the Luxury industry 6%.


Return on Equity

High ROE: 532140's Return on Equity (2.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Mohite Industries's financial position?


Financial Position Analysis

Short Term Liabilities: 532140's short term assets (₹828.6M) exceed its short term liabilities (₹311.0M).

Long Term Liabilities: 532140's short term assets (₹828.6M) exceed its long term liabilities (₹662.3M).


Debt to Equity History and Analysis

Debt Level: 532140's debt to equity ratio (101%) is considered high.

Reducing Debt: 532140's debt to equity ratio has increased from 91.3% to 101% over the past 5 years.

Debt Coverage: 532140's debt is well covered by operating cash flow (24.1%).

Interest Coverage: 532140's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet

Inventory Level: 532140 has a high level of physical assets or inventory.

Debt Coverage by Assets: 532140's debt is not covered by short term assets (assets are 0.9x debt).


Next Steps

Dividend

What is Mohite Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 532140's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 532140's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 532140's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 532140's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 532140 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 532140's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.6yrs

Average management tenure


CEO

Abhay Bhide (48yo)

₹3,822,000

Compensation

Mr. Abhay Shamrao Bhide, B. Tech serves as the Chief Executive Officer at Mohite Industries Limited and has been its Executive Director since September 29, 2012. Mr. Bhide has more than 18 years experience ...


CEO Compensation Analysis

Compensation vs Market: Abhay's total compensation ($USD53.41K) is about average for companies of similar size in the Indian market ($USD50.31K).

Compensation vs Earnings: Abhay's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Shivaji Mohite
Chairman & MD8.3yrs₹4.82m45.65% 90.8m
Abhay Bhide
CEO & Executive Director0yrs₹3.82mno data
Monika Mohite
Joint MD & Director0yrs₹2.42m23.17% 46.1m
Priyanka Patil
Chief Financial Offficer0.9yrsno datano data
Ashvini Kalekar
Compliance Officer & Company Secretary4.8yrs₹288.00kno data

6.6yrs

Average Tenure

46yo

Average Age

Experienced Management: 532140's management team is seasoned and experienced (6.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shivaji Mohite
Chairman & MD8.3yrs₹4.82m45.65% 90.8m
Abhay Bhide
CEO & Executive Director0yrs₹3.82mno data
Monika Mohite
Joint MD & Director0yrs₹2.42m23.17% 46.1m
Vijay Nawandhar
Non-Executive Independent Director6.2yrsno data0.20% 396.0k
Ranjeet Patil
Non-Executive Independent Director7.4yrsno datano data
Shankar Patil
Non-Executive Independent Director5.5yrsno datano data

7.4yrs

Average Tenure

52.5yo

Average Age

Experienced Board: 532140's board of directors are considered experienced (7.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mohite Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mohite Industries Limited
  • Ticker: 532140
  • Exchange: BSE
  • Founded: 1966
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹198.987m
  • Shares outstanding: 20.10m
  • Website: https://www.mohite.com

Number of Employees


Location

  • Mohite Industries Limited
  • Parvati-Kunj
  • 250/B, Plot No. 1A
  • Kolhapur
  • Maharashtra
  • 416003
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532140BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 2006

Biography

Mohite Industries Limited manufactures and sells slub and compact cotton yarns, and gray knitted fabrics in India. The company also operates a hydro power project with a capacity of 10 MW located in Fegivade village; and 3.5 MW hydro power project located in Ambai, Maharashtra. It also exports its products. The company was formerly known as R M Mohite Industries Limited and changed its name to Mohite Industries Limited in March 2015. Mohite Industries Limited was founded in 1966 and is based in Kolhapur, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 12:54
End of Day Share Price2020/02/19 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.