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Mohit Industries

NSEI:MOHITIND
Snowflake Description

Mediocre balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MOHITIND
NSEI
₹131M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Mohit Industries Limited manufactures and sells texturized yarn from partially oriented yarn and weaving of yarn to grey cloth in India. The last earnings update was 105 days ago. More info.


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MOHITIND Share Price and Events
7 Day Returns
1.2%
NSEI:MOHITIND
-1.4%
IN Luxury
-2.4%
IN Market
1 Year Returns
-76.6%
NSEI:MOHITIND
-8%
IN Luxury
-8.9%
IN Market
MOHITIND Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mohit Industries (MOHITIND) 1.2% -15.3% -9% -76.6% -85.6% -77.6%
IN Luxury -1.4% -1.1% -1.9% -8% 50.1% 192.3%
IN Market -2.4% -4.4% -3.4% -8.9% 41.8% 80.3%
1 Year Return vs Industry and Market
  • MOHITIND underperformed the Luxury industry which returned -8% over the past year.
  • MOHITIND underperformed the Market in India which returned -8.9% over the past year.
Price Volatility
MOHITIND
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Mohit Industries undervalued based on future cash flows and its price relative to the stock market?

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
  • It is not possible to calculate the future cash flow value for Mohit Industries. This is due to cash flow or dividend data being unavailable. The share price is ₹8.55.
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 Mohit Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mohit Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:MOHITIND PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in INR ₹0.45
BSE:531453 Share Price ** BSE (2019-02-15) in INR ₹9.28
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.58x
India Market PE Ratio Median Figure of 2,731 Publicly-Listed Companies 15.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mohit Industries.

NSEI:MOHITIND PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:531453 Share Price ÷ EPS (both in INR)

= 9.28 ÷ 0.45

20.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mohit Industries is overvalued based on earnings compared to the IN Luxury industry average.
  • Mohit Industries is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Mohit Industries's expected growth come at a high price?
Raw Data
NSEI:MOHITIND PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
19.9%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 1.11x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.11x

*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 Mohit Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mohit Industries's assets?
Raw Data
NSEI:MOHITIND PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in INR ₹33.69
BSE:531453 Share Price * BSE (2019-02-15) in INR ₹9.28
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.7x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
NSEI:MOHITIND PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:531453 Share Price ÷ Book Value per Share (both in INR)

= 9.28 ÷ 33.69

0.28x

* Primary Listing of Mohit Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mohit Industries is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Mohit Industries's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Mohit Industries has a total score of 1/6, 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.

Future Performance

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

  • No analysts cover Mohit Industries, 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!
Annual Growth Rate
19.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mohit Industries expected to grow at an attractive rate?
  • Mohit Industries's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Mohit Industries's earnings growth is expected to exceed the India market average.
  • Unable to compare Mohit Industries's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:MOHITIND Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:MOHITIND Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 19.9%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.2%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
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
NSEI:MOHITIND Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:MOHITIND Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-09-30 1,753 6
2018-06-30 1,643 5
2018-03-31 1,580 17 4
2017-12-31 1,622 6
2017-09-30 1,583 10
2017-06-30 1,565 13
2017-03-31 1,535 21 19
2016-12-31 1,504 37
2016-09-30 1,454 36
2016-06-30 1,391 25
2016-03-31 1,363 32 22
2015-12-31 2,040 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mohit Industries's earnings are expected to grow by 19.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Mohit Industries is high growth as no revenue estimate data is available.
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
NSEI:MOHITIND Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mohit Industries Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MOHITIND Past Financials Data
Date (Data in INR Millions) EPS *
2018-09-30 0.45
2018-06-30 0.38
2018-03-31 0.31
2017-12-31 0.42
2017-09-30 0.68
2017-06-30 0.89
2017-03-31 1.37
2016-12-31 2.63
2016-09-30 2.58
2016-06-30 1.75
2016-03-31 1.54
2015-12-31 1.38

*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 Mohit Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Mohit Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mohit Industries has a total score of 2/6, 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.

Past Performance

  How has Mohit Industries performed over the past 5 years?

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 Mohit Industries'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.
  • Mohit Industries's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Mohit Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Mohit Industries's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
Mohit Industries'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 Mohit Industries Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MOHITIND Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,752.89 6.42 77.99
2018-06-30 1,643.26 5.44 77.23
2018-03-31 1,579.82 4.40 76.67
2017-12-31 1,621.79 5.94 73.07
2017-09-30 1,583.39 9.65 74.09
2017-06-30 1,565.26 12.56 75.36
2017-03-31 1,535.39 19.40 75.45
2016-12-31 1,504.29 37.21 74.63
2016-09-30 1,453.96 36.45 75.36
2016-06-30 1,390.62 24.67 73.71
2016-03-31 1,363.00 21.74 71.71
2015-12-31 2,040.10 19.61 353.91
2015-09-30 2,121.54 15.90 341.45
2015-06-30 2,297.70 19.92 121.59
2015-03-31 2,468.04 14.21 335.42
2014-12-31 2,522.53 35.35 256.63
2014-09-30 2,496.83 31.64 253.55
2014-06-30 2,377.58 22.42 102.04
2014-03-31 2,251.00 21.74 242.97
2013-12-31 2,178.35 2.79 188.80
2013-09-30 1,957.94 2.89 182.19
2013-06-30 2,094.34 5.77 98.88
2013-03-31 1,966.84 6.66 168.70
2012-12-31 1,843.33 144.23 151.43
2012-09-30 2,003.46 173.74 138.07
2012-06-30 1,805.54 31.65 22.74
2012-03-31 1,763.14 137.05 118.09

*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.
  • Mohit Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mohit Industries used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Mohit Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mohit Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mohit Industries 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.

Health

 How is Mohit Industries'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 Mohit Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mohit Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mohit Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mohit Industries'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 1.1x 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 Mohit Industries Company Filings, last reported 4 months ago.

NSEI:MOHITIND Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 480.63 715.71 4.54
2018-06-30 677.95 670.34 1.46
2018-03-31 677.95 670.34 1.46
2017-12-31 317.99 635.07 10.04
2017-09-30 317.99 635.07 10.04
2017-06-30 308.74 686.25 9.42
2017-03-31 496.77 686.25 6.34
2016-12-31 308.30 708.54 13.87
2016-09-30 308.30 708.54 13.87
2016-06-30 290.61 639.01 5.88
2016-03-31 290.61 639.01 5.88
2015-12-31 494.17 853.58 21.99
2015-09-30 494.17 853.58 21.99
2015-06-30 472.75 888.58 18.04
2015-03-31 472.75 862.53 18.04
2014-12-31 479.70 859.97 23.36
2014-09-30 479.70 859.97 23.36
2014-06-30 459.87 698.69 20.28
2014-03-31 459.87 762.75 20.28
2013-12-31 448.06 713.81 24.11
2013-09-30 448.06 713.81 24.11
2013-06-30 438.13 766.95 23.76
2013-03-31 438.13 750.20 23.76
2012-12-31 445.83 708.94 26.25
2012-09-30 445.17 621.65 41.57
2012-06-30 469.57 325.64 0.41
2012-03-31 431.47 338.76 12.62
  • Mohit Industries's level of debt (148.9%) 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 (159.3% vs 148.9% today).
  • Debt is not well covered by operating cash flow (2.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Mohit Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mohit Industries has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

Dividends

 What is Mohit Industries'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
Dividend payments
0%
Current annual income from Mohit Industries dividends.
If you bought ₹2,000 of Mohit Industries 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 Mohit Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mohit Industries'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
NSEI:MOHITIND Annualized Past and Future Dividends
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 109 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:MOHITIND Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-05-21 0.000 0.000
2018-02-12 0.000 0.000
2017-12-14 0.000 0.000
2017-09-14 0.000 0.000
2017-07-13 0.000 0.000
2017-07-11 0.000 0.000
2017-05-30 0.000 0.000
2016-07-25 1.000 2.436
2016-05-27 1.000 1.336
2014-02-14 0.000 0.000
2013-11-14 0.000 0.000
2013-08-14 0.000 0.000
2012-08-24 1.500 3.318
2011-08-16 1.500 4.771
2010-08-05 0.900 3.247
2010-04-15 0.900 3.259
2009-02-17 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mohit Industries has not reported any payouts.
  • Unable to verify if Mohit Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mohit Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mohit Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mohit Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mohit Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mohit Industries 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.

Management

 What is the CEO of Mohit Industries's salary, the management and board of directors tenure and is there insider trading?

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
Narayan Saboo
COMPENSATION ₹180,000
AGE 57
TENURE AS CEO 8.3 years
CEO Bio

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. Mr. Saboo provides industry wise leadership and Management strategy are his key area of expertise and invaluable contribution in the growth of Mohit Industries Limited. He has 30 years of experience in management and operation of Textile Business and 7 years of experience in AAC Block Business. He serves as the Executive Chairman of BIGBLOC Construction Limited and has been its Director since June 17, 2015. He serves as Non-Executive Chairman at Mask Investments Limited and has been its Non-Executive Director since January 16, 2006. He serves as a Director at Mohit Overseas Limited. He is actively associated with various social welfare and charitable trusts. He serves as Member of Surat Textile Association. He holds a degree of Bachelor of Laws (LLB).

CEO Compensation
  • Narayan's compensation has been consistent with company performance over the past year.
  • Narayan's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Mohit Industries management team in years:

8.3
Average Tenure
47.5
Average Age
  • The average tenure for the Mohit Industries management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Narayan Saboo

TITLE
MD & Executive Director
COMPENSATION
₹180K
AGE
57
TENURE
8.3 yrs

Manish Saboo

TITLE
CFO & Executive Director
COMPENSATION
₹180K
AGE
34
TENURE
4.8 yrs

Swati Malu

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹358K

Naresh Saboo

TITLE
Executive Director
COMPENSATION
₹180K
AGE
45

Rajesh Panghal

TITLE
Sales Manager
AGE
50
TENURE
23.6 yrs
Board of Directors Tenure

Average tenure and age of the Mohit Industries board of directors in years:

13.5
Average Tenure
44
Average Age
  • The average tenure for the Mohit Industries board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Narayan Saboo

TITLE
MD & Executive Director
COMPENSATION
₹180K
AGE
57
TENURE
28 yrs

Manish Saboo

TITLE
CFO & Executive Director
COMPENSATION
₹180K
AGE
34
TENURE
7.4 yrs

Naresh Saboo

TITLE
Executive Director
COMPENSATION
₹180K
AGE
45
TENURE
20.9 yrs

Jayesh Gandhi

TITLE
Non-Executive & Independent Director
AGE
58
TENURE
24.3 yrs

SachinKumar Jain

TITLE
Non-Executive & Independent Director
AGE
44
TENURE
13.5 yrs

Pragya Memani

TITLE
Non-Executive Independent Director
AGE
31
TENURE
4.9 yrs

Harmil Shah

TITLE
Independent Director
AGE
31
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Mohit Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mohit Industries 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.

News

Simply Wall St News

Can We See Significant Insider Ownership On The Mohit Industries Limited (NSE:MOHITIND) Share Register?

Every investor in Mohit Industries Limited (NSE:MOHITIND) should be aware of the most powerful shareholder groups. … With a market capitalization of ₹132m, Mohit Industries is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

How Do Mohit Industries Limited’s (NSE:MOHITIND) Returns Compare To Its Industry?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

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Have Insiders Been Selling Mohit Industries Limited (NSE:MOHITIND) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Mohit Industries Limited (NSE:MOHITIND). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … All up, insiders sold more shares in Mohit Industries than they bought, over the last year.

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Can We See Significant Insider Ownership On The Mohit Industries Limited (NSE:MOHITIND) Share Register?

So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Mohit Industries is a smaller company with a market capitalization of ₹139m, so it may still be flying under the radar of many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

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Who Are The Largest Shareholders In Mohit Industries Limited (NSE:MOHITIND)?

In this article, I will take a quick look at Mohit Industries Limited’s (NSE:MOHITIND) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … Check out our latest analysis for Mohit Industries

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What Should You Know About Mohit Industries Limited's (NSE:MOHITIND) Return On Capital?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in Mohit Industries Limited (NSE:MOHITIND). … Mohit Industries stock represents an ownership share in the company.

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Mohit Industries Limited (NSE:MOHITIND): Does The Earnings Decline Make It An Underperformer?

After looking at Mohit Industries Limited's (NSE:MOHITIND) latest earnings announcement (31 March 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … Check out our latest analysis for Mohit Industries? … MOHITIND's trailing twelve-month earnings (from 31 March 2018) of ₹4.40m has

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Is Mohit Industries Limited (NSE:MOHITIND) A Financially Sound Company?

On top of this, MOHITIND has generated cash from operations of ₹21.25M in the last twelve months, leading to an operating cash to total debt ratio of 3.10%, signalling that MOHITIND’s debt is not appropriately covered by operating cash. … At the current liabilities level of ₹610.23M liabilities, it seems that the business has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.1x. … In MOHITIND's, case, the ratio of 1.15x suggests that interest is not strongly covered, which means that debtors may be less inclined to loan the company more money, reducing its headroom for growth through debt.Next Steps: MOHITIND’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

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Mohit Industries Limited (NSE:MOHITIND): Does The Earnings Decline Make It An Underperformer?

For Mohit Industries, its latest trailing-twelve-month earnings is ₹5.94M, which, against the prior year's level, has dropped by a non-trivial -84.04%. … Given that these figures are relatively nearsighted, I’ve determined an annualized five-year figure for Mohit Industries's earnings, which stands at ₹42.16M This doesn’t seem to paint a better picture, since earnings seem to have consistently been deteriorating over time. … Although revenue growth in the past few years, has been negative, earnings growth has been deteriorating by even more, implying that Mohit Industries has been ramping up its expenses.

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Does Mohit Industries Limited's (NSE:MOHITIND) PE Ratio Signal A Selling Opportunity?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for MOHITIND Price per share = ₹31.25 Earnings per share = ₹0.419 ∴ Price-Earnings Ratio = ₹31.25 ÷ ₹0.419 = 74.5x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with MOHITIND, then MOHITIND’s P/E would naturally be higher since investors would reward MOHITIND’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with MOHITIND, MOHITIND’s P/E would again be higher since investors would reward MOHITIND’s lower risk with a higher price as well.

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Company Info

Map
Description

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 Thailand, the Czech Republic, Germany, Bulgaria, Indonesia, the United Kingdom, Vietnam, South Korea, Japan, Sweden, Nepal, Malaysia, 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.

Details
Name: Mohit Industries Limited
MOHITIND
Exchange: NSEI
Founded: 1991
₹131,382,296
14,157,575
Website: http://www.mohitindustries.com
Address: Mohit Industries Limited
A/601-B, International Trade Centre,
Majura Gate,
Surat,
Gujarat, 395002,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 531453 Equity Shares Mumbai Stock Exchange IN INR 10. Aug 1998
NSEI MOHITIND Equity Shares National Stock Exchange of India IN INR 10. Aug 1998
Number of employees
Current staff
Staff numbers
135
Mohit Industries employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/16 12:59
End of day share price update: 2019/02/15 00:00
Last earnings filing: 2018/11/03
Last earnings reported: 2018/09/30
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.