NSEI:MOHITIND

Stock Analysis Report

Executive Summary

Mohit Industries Limited manufactures and sells texturized yarn from partially oriented yarn and weaving of yarn to grey cloth in India.


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: MOHITIND's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.9%

MOHITIND

-4.4%

IN Luxury

-3.5%

IN Market


1 Year Return

-59.9%

MOHITIND

12.8%

IN Luxury

5.2%

IN Market

Return vs Industry: MOHITIND underperformed the Indian Luxury industry which returned 12.8% over the past year.

Return vs Market: MOHITIND underperformed the Indian Market which returned 5.2% over the past year.


Shareholder returns

MOHITINDIndustryMarket
7 Day2.9%-4.4%-3.5%
30 Day-1.4%-1.4%-3.9%
90 Day-31.7%6.0%-2.1%
1 Year-59.9%-59.9%13.5%12.8%7.2%5.2%
3 Year-91.0%-91.0%45.8%44.0%18.9%12.4%
5 Year-91.8%-91.9%97.3%93.7%29.4%17.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Mohit 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: MOHITIND (₹3.55) is trading below our estimate of fair value (₹62.18)

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


Price To Earnings Ratio

PE vs Industry: MOHITIND is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: MOHITIND is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MOHITIND is good value based on its PB Ratio (0.1x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Mohit 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 Mohit 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 Mohit Industries performed over the past 5 years?

-34.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MOHITIND is currently unprofitable.

Growing Profit Margin: MOHITIND is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MOHITIND is unprofitable, and losses have increased over the past 5 years at a rate of -34% per year.

Accelerating Growth: Unable to compare MOHITIND's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MOHITIND is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (6.4%).


Return on Equity

High ROE: MOHITIND has a negative Return on Equity (-0.094%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Mohit Industries's financial position?


Financial Position Analysis

Short Term Liabilities: MOHITIND's short term assets (₹711.7M) exceed its short term liabilities (₹638.8M).

Long Term Liabilities: MOHITIND's short term assets (₹711.7M) exceed its long term liabilities (₹108.6M).


Debt to Equity History and Analysis

Debt Level: MOHITIND's debt to equity ratio (173%) is considered high.

Reducing Debt: MOHITIND's debt to equity ratio has increased from 152.2% to 173% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: MOHITIND's debt is covered by short term assets (assets are 1.2x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MOHITIND has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: Insufficient data to determine if MOHITIND has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.7%industryaverage0.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate MOHITIND'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 MOHITIND's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MOHITIND'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?

7.5yrs

Average management tenure


CEO

Narayan Saboo (58yo)

9.3yrs

Tenure

0

Mr. Narayan Sitaram Saboo is Co-Founder of Mohit Industries Limited and has been its Managing Director since October 1, 2010 and its Executive Director since February 18, 1991. He serves as Chairman of the ...


CEO Compensation Analysis

Compensation vs Market: Narayan's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD50.10K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Narayan Saboo
Chairman & MD9.3yrsno data3.67% 1.6m
Manish Saboo
CFO & Executive Director8.4yrsno data0.53% 239.1k
Naresh Saboo
Executive Director21.9yrsno data0.55% 248.6k
Nikita Pediwal
Company Secretary & Compliance Officer0.8yrsno datano data
Rajesh Panghal
Sales Manager24.6yrsno datano data

7.5yrs

Average Tenure

46yo

Average Age

Experienced Management: MOHITIND's management team is seasoned and experienced (7.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Narayan Saboo
Chairman & MD9.3yrsno data3.67% 1.6m
Manish Saboo
CFO & Executive Director8.4yrsno data0.53% 239.1k
Naresh Saboo
Executive Director21.9yrsno data0.55% 248.6k
Jayesh Gandhi
Non-Executive & Independent Director25.3yrsno data0.0029% 1.3k
SachinKumar Jain
Non-Executive & Independent Director14.5yrsno datano data
Pragya Memani
Non-Executive Independent Director5.9yrsno datano data
Harmil Shah
Independent Director3.5yrsno datano data

11.5yrs

Average Tenure

45yo

Average Age

Experienced Board: MOHITIND's board of directors are seasoned and experienced ( 11.5 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

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


Key Information

  • Name: Mohit Industries Limited
  • Ticker: MOHITIND
  • Exchange: NSEI
  • Founded: 1991
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹44.880m
  • Shares outstanding: 14.16m
  • Website: https://www.mohitindustries.com

Number of Employees


Location

  • Mohit Industries Limited
  • A/601-B, International Trade Centre
  • Majura Gate
  • Surat
  • Gujarat
  • 395002
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
531453BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 1998
MOHITINDNSEI (National Stock Exchange of India)YesEquity SharesININRAug 1998

Biography

Mohit Industries Limited manufactures and sells texturized yarn from partially oriented yarn and weaving of yarn to grey cloth in India. The company offers textile products, such as yarns and grey. It also exports its products to South Korea, Thailand, the Czech Republic, Guatemala, Bulgaria, Indonesia, Japan, and internationally. The company was formerly known as Mohit Fibres Limited and changed its name to Mohit Industries Limited in 1997. Mohit Industries Limited was founded in 1991 and is headquartered in Surat, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 12:57
End of Day Share Price2020/02/27 00:00
Earnings2019/09/30
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.