Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹747, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 29x in the Chemicals industry in India. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹718 per share. Reported Earnings • May 21
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: ₹44.13 (up from ₹34.18 in FY 2025). Revenue: ₹10.2b (up 16% from FY 2025). Net income: ₹1.92b (up 28% from FY 2025). Profit margin: 19% (up from 17% in FY 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 2.9%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 11
Mayur Uniquoters Limited to Report Q4, 2026 Results on May 19, 2026 Mayur Uniquoters Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 19, 2026 Price Target Changed • Feb 03
Price target increased by 8.8% to ₹808 Up from ₹743, the current price target is an average from 2 analysts. New target price is 40% above last closing price of ₹578. Stock is up 4.6% over the past year. The company is forecast to post earnings per share of ₹42.60 for next year compared to ₹34.18 last year. Buy Or Sell Opportunity • Feb 01
Now 22% overvalued Over the last 90 days, the stock has fallen 3.4% to ₹526. The fair value is estimated to be ₹432, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 10% in the next 2 years. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: ₹11.68 (vs ₹7.05 in 3Q 2025) Third quarter 2026 results: EPS: ₹11.68 (up from ₹7.05 in 3Q 2025). Revenue: ₹2.37b (up 14% from 3Q 2025). Net income: ₹507.3m (up 66% from 3Q 2025). Profit margin: 21% (up from 15% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jan 22
Mayur Uniquoters Limited to Report Q3, 2026 Results on Jan 30, 2026 Mayur Uniquoters Limited announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: ₹9.40 (vs ₹9.09 in 2Q 2025) Second quarter 2026 results: EPS: ₹9.40 (up from ₹9.09 in 2Q 2025). Revenue: ₹2.53b (up 22% from 2Q 2025). Net income: ₹408.4m (up 2.5% from 2Q 2025). Profit margin: 16% (down from 19% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Nov 03
Mayur Uniquoters Limited to Report Q2, 2026 Results on Nov 11, 2025 Mayur Uniquoters Limited announced that they will report Q2, 2026 results on Nov 11, 2025 Announcement • Sep 18
Mayur Uniquoters Limited Approves Final Dividend for the Financial Year Ended on March 31, 2025 Mayur Uniquoters Limited at its AGM, held on September 17, 2025, approved to declare a final dividend of INR 5.00/- (Rupees Five Only) per Equity Share of face value of INR 5.00/- each for the financial year ended on March 31, 2025. Board Change • Sep 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent & Non-Executive Director Arvind Sharma was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 15
Upcoming dividend of ₹5.00 per share Eligible shareholders must have bought the stock before 22 August 2025. Payment date: 17 October 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.7%). Declared Dividend • Aug 01
Dividend increased to ₹5.00 Dividend of ₹5.00 is 67% higher than last year. Ex-date: 22nd August 2025 Payment date: 17th October 2025 Dividend yield will be 1.0%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.0% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: ₹9.37 (vs ₹8.50 in 1Q 2025) First quarter 2026 results: EPS: ₹9.37 (up from ₹8.50 in 1Q 2025). Revenue: ₹2.35b (up 10% from 1Q 2025). Net income: ₹407.3m (up 9.0% from 1Q 2025). Profit margin: 17% (in line with 1Q 2025). Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jul 30
Mayur Uniquoters Limited, Annual General Meeting, Sep 17, 2025 Mayur Uniquoters Limited, Annual General Meeting, Sep 17, 2025, at 11:00 Indian Standard Time. Announcement • Jul 22
Mayur Uniquoters Limited to Report Q1, 2026 Results on Jul 30, 2025 Mayur Uniquoters Limited announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • May 10
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₹34.18 (up from ₹27.86 in FY 2024). Revenue: ₹9.21b (up 15% from FY 2024). Net income: ₹1.49b (up 22% from FY 2024). Profit margin: 16% (in line with FY 2024). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 17% per year. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹530, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 29x in the Chemicals industry in India. Total returns to shareholders of 61% over the past three years. Announcement • May 01
Mayur Uniquoters Limited to Report Fiscal Year 2025 Results on May 08, 2025 Mayur Uniquoters Limited announced that they will report fiscal year 2025 results on May 08, 2025 Reported Earnings • Feb 02
Third quarter 2025 earnings released: EPS: ₹7.05 (vs ₹6.22 in 3Q 2024) Third quarter 2025 results: EPS: ₹7.05 (up from ₹6.22 in 3Q 2024). Revenue: ₹2.12b (up 19% from 3Q 2024). Net income: ₹305.7m (up 12% from 3Q 2024). Profit margin: 14% (in line with 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jan 23
Mayur Uniquoters Limited to Report Q3, 2025 Results on Jan 31, 2025 Mayur Uniquoters Limited announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: ₹9.09 (vs ₹7.38 in 2Q 2024) Second quarter 2025 results: EPS: ₹9.09 (up from ₹7.38 in 2Q 2024). Revenue: ₹2.23b (up 10.0% from 2Q 2024). Net income: ₹398.4m (up 23% from 2Q 2024). Profit margin: 18% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Announcement • Oct 31
Mayur Uniquoters Limited to Report Q2, 2025 Results on Nov 08, 2024 Mayur Uniquoters Limited announced that they will report Q2, 2025 results on Nov 08, 2024 Declared Dividend • Aug 10
Dividend increased to ₹3.00 Dividend of ₹3.00 is 50% higher than last year. Ex-date: 23rd August 2024 Payment date: 14th October 2024 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: ₹8.50 (vs ₹6.94 in 1Q 2024) First quarter 2025 results: EPS: ₹8.50 (up from ₹6.94 in 1Q 2024). Revenue: ₹2.24b (up 12% from 1Q 2024). Net income: ₹373.8m (up 22% from 1Q 2024). Profit margin: 17% (up from 15% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year. Announcement • Aug 09
Mayur Uniquoters Limited (BSE:522249) announces an Equity Buyback for 500,000 shares, representing 1.14% for INR 400 million. Mayur Uniquoters Limited (BSE:522249) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.14% of its share capital for INR 400 million. The shares will be repurchased at a price of INR 800 per share. The company has fixed August 23, 2024, as the record date for the program. As of July 30, 2024, the company had 4,39,52,600 shares in issue. Announcement • Aug 08
Mayur Uniquoters Limited, Annual General Meeting, Sep 14, 2024 Mayur Uniquoters Limited, Annual General Meeting, Sep 14, 2024, at 11:00 Indian Standard Time. Announcement • Aug 02
Mayur Uniquoters Limited to Report Q1, 2025 Results on Aug 08, 2024 Mayur Uniquoters Limited announced that they will report Q1, 2025 results on Aug 08, 2024 Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹660, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 32x in the Chemicals industry in India. Total returns to shareholders of 36% over the past three years. Reported Earnings • May 23
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: ₹27.86 (up from ₹23.69 in FY 2023). Revenue: ₹8.35b (up 7.6% from FY 2023). Net income: ₹1.22b (up 18% from FY 2023). Profit margin: 15% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Announcement • May 16
Mayur Uniquoters Limited to Report Q4, 2024 Results on May 21, 2024 Mayur Uniquoters Limited announced that they will report Q4, 2024 results on May 21, 2024 Announcement • Apr 11
Mayur Uniquoters Limited Announces Cessation of Tanuja Agarwal as Director and Member of All the Committees Mayur Uniquoters Limited announced that Mrs. Tanuja Agarwal, Independent Director of the Company, ceased to be a Director and member of all the committees of the Board of the Company upon completion of her second term on April 10, 2024. Buy Or Sell Opportunity • Feb 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.4% to ₹520. The fair value is estimated to be ₹661, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 7.8%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: ₹6.22 (vs ₹6.04 in 3Q 2023) Third quarter 2024 results: EPS: ₹6.22 (up from ₹6.04 in 3Q 2023). Revenue: ₹1.87b (up 5.3% from 3Q 2023). Net income: ₹273.0m (up 2.8% from 3Q 2023). Profit margin: 15% (in line with 3Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year. Announcement • Feb 01
Mayur Uniquoters Limited to Report Q3, 2024 Results on Feb 07, 2024 Mayur Uniquoters Limited announced that they will report Q3, 2024 results on Feb 07, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: ₹7.38 (vs ₹6.18 in 2Q 2023) Second quarter 2024 results: EPS: ₹7.38 (up from ₹6.18 in 2Q 2023). Revenue: ₹2.11b (up 3.3% from 2Q 2023). Net income: ₹324.2m (up 19% from 2Q 2023). Profit margin: 15% (up from 13% in 2Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 09
Mayur Uniquoters Limited Appoints Babu Pathanjali as Production Head (Senior Management Personnel) for Jaitpura Plant Mayur Uniquoters Limited announced that at its board meeting held on November 8, 2023, approved the appointment of Mr. Babu Pathanjali as a Production Head (Senior Management Personnel) for Jaitpura Plant of the Company. Mr. Babu is having an experience of 22 years in quality improvement and manufacturing excellence tools & techniques like 5S, Kaizen, Lean, IMS, TQM, OPM & SAP skilled in implementing process improvement across various project processes to reduce rejection levels & cost and expertise in taking corrective action for any negative trends related to product quality, customer service, capacity, lead time, Labours efficiency, space, utilization, yield, and business processes effectiveness. Mr. Babu Pathanjali is a Bachelor of Technology (Chemical Engineering) and worked with various organizations like Crescent Polymers, Kumar Organics Ltd., Aditya Birla Nuvo Ltd., SRF Ltd., Midas Safety Products Ltd., Arvind Ltd., HIL Ltd. and currently working with Payal Polyplast Pvt. Ltd. in Dahej, Gujarat as Site Head- Chemical. Price Target Changed • Oct 11
Price target increased by 8.2% to ₹610 Up from ₹564, the current price target is an average from 3 analysts. New target price is 8.8% above last closing price of ₹561. Stock is up 18% over the past year. The company is forecast to post earnings per share of ₹29.00 for next year compared to ₹23.69 last year. Announcement • Sep 15
Mayur Uniquoters Limited Approves to Declare Final Dividend on Equity Share for the Financial Year Ended on March 31, 2023 Mayur Uniquoters Limited approved to declare final dividend of INR 2.00 per Equity Share for the financial year ended on March 31, 2023 at the Annual General Meeting September 10, 2023. Upcoming Dividend • Aug 17
Upcoming dividend of ₹2.00 per share at 0.4% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 14 October 2023. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.4%). Lower than average of industry peers (0.9%). Announcement • Aug 09
Mayur Uniquoters Limited, Annual General Meeting, Sep 14, 2023 Mayur Uniquoters Limited, Annual General Meeting, Sep 14, 2023, at 11:00 Indian Standard Time. Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: ₹6.94 (vs ₹6.15 in 1Q 2023) First quarter 2024 results: EPS: ₹6.94 (up from ₹6.15 in 1Q 2023). Revenue: ₹2.09b (up 4.3% from 1Q 2023). Net income: ₹305.3m (up 13% from 1Q 2023). Profit margin: 15% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 08
Mayur Uniquoters Limited Announces Resignation of Swapnil Vyas, Senior Management Personnel Mayur Uniquoters Limited announces resignation of Swapnil Vyas, Senior Management Personnel in order to pursue the new challenges and opportunities that align with his long-term career goals, effective Aug. 7, 2023. Announcement • Aug 06
Mayur Uniquoters Limited Announces the Resignation of Mr. Hemant Singh Fauzdar as Senior Management Personnel Mayur Uniquoters Limited announced the resignation of Mr. Hemant Singh Fauzdar as Senior Management Personnel, with effect from August 05, 2023. Announcement • Aug 03
Mayur Uniquoters Limited to Report Q1, 2024 Results on Aug 08, 2023 Mayur Uniquoters Limited announced that they will report Q1, 2024 results on Aug 08, 2023 Reported Earnings • May 21
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ₹23.69 (up from ₹21.17 in FY 2022). Revenue: ₹7.93b (up 21% from FY 2022). Net income: ₹1.04b (up 10% from FY 2022). Profit margin: 13% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 20
Mayur Uniquoters Limited Recommends Final Dividend for the Financial Year Ended on March 31, 2023 Mayur Uniquoters Limited announced that the Board of Directors at their meeting held on May 19, 2023 Recommended to the Shareholders of the Company final dividend of INR 2 (i.e. 40%) per Equity Share of INR 5/-each for the financial year ended on March 31, 2023. Announcement • May 13
Mayur Uniquoters Limited to Report Q4, 2023 Results on May 19, 2023 Mayur Uniquoters Limited announced that they will report Q4, 2023 results on May 19, 2023 Major Estimate Revision • Mar 22
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from ₹8.18b to ₹7.56b. EPS estimate also fell from ₹28.00 per share to ₹24.30 per share. Net income forecast to grow 24% next year vs 24% growth forecast for Chemicals industry in India. Consensus price target down from ₹588 to ₹564. Share price was steady at ₹458 over the past week. Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: ₹6.04 (vs ₹5.81 in 3Q 2022) Third quarter 2023 results: EPS: ₹6.04 (up from ₹5.81 in 3Q 2022). Revenue: ₹1.78b (down 1.4% from 3Q 2022). Net income: ₹265.6m (up 2.5% from 3Q 2022). Profit margin: 15% (in line with 3Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 26
Mayur Uniquoters Limited to Report Q3, 2023 Results on Feb 03, 2023 Mayur Uniquoters Limited announced that they will report Q3, 2023 results on Feb 03, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹6.18 (vs ₹6.62 in 2Q 2022) Second quarter 2023 results: EPS: ₹6.18 (down from ₹6.62 in 2Q 2022). Revenue: ₹2.10b (up 7.2% from 2Q 2022). Net income: ₹271.7m (down 8.0% from 2Q 2022). Profit margin: 13% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent & Non-Executive Director Arvind Sharma was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 05
Mayur Uniquoters Limited to Report Q2, 2023 Results on Nov 11, 2022 Mayur Uniquoters Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 09
First quarter 2023 earnings released: EPS: ₹6.15 (vs ₹3.14 in 1Q 2022) First quarter 2023 results: EPS: ₹6.15 (up from ₹3.14 in 1Q 2022). Revenue: ₹2.05b (up 74% from 1Q 2022). Net income: ₹271.0m (up 94% from 1Q 2022). Profit margin: 13% (up from 12% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 14%, compared to a 15% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 03
Mayur Uniquoters Limited to Report Q1, 2023 Results on Aug 08, 2022 Mayur Uniquoters Limited announced that they will report Q1, 2023 results on Aug 08, 2022 Announcement • Jul 30
Mayur Uniquoters Limited Approves Final Dividend for the Financial Year Ended on March 31, 2022 Mayur Uniquoters Limited at the annual general meeting held on July 29, 2022, approved a final dividend of INR 2.00 per Equity Share for the financial year ended on March 31, 2022. Reported Earnings • Jul 02
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: ₹21.17 (up from ₹19.86 in FY 2021). Revenue: ₹6.56b (up 28% from FY 2021). Net income: ₹943.7m (up 5.1% from FY 2021). Profit margin: 14% (down from 18% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.1%. Over the next year, revenue is forecast to grow 22%, compared to a 17% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year. Announcement • Jul 01
Mayur Uniquoters Limited Proposes Final Dividend for the Financial Year Ended on March 31, 2022 Mayur Uniquoters Limited to its annual general meeting held on July 29, 2022 proposed to declare final dividend of INR 2.00 per Equity Sharefor the financial year ended on March 31, 2022. Upcoming Dividend • Jun 30
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 07 July 2022. Payment date: 28 August 2022. Payout ratio is a comfortable 9.4% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.8%). Lower than average of industry peers (0.8%). Announcement • Jun 21
Mayur Uniquoters Limited, Annual General Meeting, Jul 29, 2022 Mayur Uniquoters Limited, Annual General Meeting, Jul 29, 2022, at 11:00 Indian Standard Time. Announcement • Jun 14
Mayur Uniquoters Limited to Report Fiscal Year 2022 Results on Jun 20, 2022 Mayur Uniquoters Limited announced that they will report fiscal year 2022 results on Jun 20, 2022 Price Target Changed • Jun 04
Price target decreased to ₹562 Down from ₹608, the current price target is provided by 1 analyst. New target price is 44% above last closing price of ₹390. Stock is down 20% over the past year. The company is forecast to post earnings per share of ₹32.70 for next year compared to ₹21.17 last year. Reported Earnings • Jun 01
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹21.17 (up from ₹19.86 in FY 2021). Revenue: ₹6.77b (up 32% from FY 2021). Net income: ₹943.7m (up 5.1% from FY 2021). Profit margin: 14% (down from 18% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 18%, compared to a 16% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year. Announcement • May 31
Mayur Uniquoters Limited Recommends Final Dividend for the Financial Year Ended on March 31, 2022 Mayur Uniquoters Limited recommended to the Shareholders of the Company final dividend of INR 2 (i.e. 40%) per Equity Share of INR 5/-each for the financial year ended on March 31, 2022. Announcement • May 24
Mayur Uniquoters Limited to Report Q4, 2022 Results on May 30, 2022 Mayur Uniquoters Limited announced that they will report Q4, 2022 results on May 30, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent & Non-Executive Director Arvind Sharma was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 07
Mayur Uniquoters Limited Announces Appointment of Dinesh Sharma Company Secretary and Compliance Officer Mayur Uniquoters Limited announced that the Board has appointed Mr. Dinesh Sharma as Company Secretary and Compliance Officer & Nodal Officer of the company with effect from April 06, 2022. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent & Non-Executive Director Arvind Sharma was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent & Non-Executive Director Arvind Sharma was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹398, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 25x in the Chemicals industry in India. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹278 per share. Announcement • Feb 10
Mayur Uniquoters Limited (BSE:522249) announces an Equity Buyback for 625,000 shares, representing 1.4% for INR 406.25 million. Mayur Uniquoters Limited (BSE:522249) announces a share repurchase program. Under the program, the company will repurchase up to 625,000 shares, representing 1.4% of its share capital for INR 406.25 million. The shares will be repurchased at a price of INR 650 per share. The purpose of the program is to The program will be funded out of its free reserves and/or securities premium account, current surplus and/or current balances of cash and cash equivalents and other current investments and/ or internal accruals of the company and/or such other sources as may be permitted by applicable laws. The company has fixed February 23, 2022, as the record date for the program. As of February 8, 2022, the company had 4,45,77,600 shares in issue. Reported Earnings • Feb 09
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: ₹5.81 (down from ₹7.73 in 3Q 2021). Revenue: ₹1.83b (up 7.7% from 3Q 2021). Net income: ₹259.1m (down 26% from 3Q 2021). Profit margin: 14% (down from 21% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Over the next year, revenue is forecast to grow 7.2%, compared to a 20% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Announcement • Jan 30
Mayur Uniquoters Limited to Report Q3, 2022 Results on Feb 08, 2022 Mayur Uniquoters Limited announced that they will report Q3, 2022 results on Feb 08, 2022 Recent Insider Transactions • Dec 31
Founder recently sold ₹111m worth of stock On the 29th of December, Suresh Poddar sold around 200k shares on-market at roughly ₹554 per share. This was the largest sale by an insider in the last 3 months. This was Suresh's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 24% share price gain to ₹586, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 53% over the past three years. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS ₹6.62 (vs ₹4.41 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: ₹1.96b (up 56% from 2Q 2021). Net income: ₹295.3m (up 48% from 2Q 2021). Profit margin: 15% (in line with 2Q 2021). Recent Insider Transactions • Sep 27
Executive Director recently sold ₹118m worth of stock On the 24th of September, Arun Bagaria sold around 250k shares on-market at roughly ₹472 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Price Target Changed • Aug 26
Price target increased to ₹620 Up from ₹572, the current price target is provided by 1 analyst. New target price is 32% above last closing price of ₹470. Stock is up 60% over the past year. Reported Earnings • Aug 03
Full year 2021 earnings released: EPS ₹19.86 (vs ₹17.60 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹5.13b (down 2.9% from FY 2020). Net income: ₹897.5m (up 13% from FY 2020). Profit margin: 18% (up from 15% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 30
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 07 July 2021. Payment date: 26 September 2021. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.7%). Price Target Changed • Jun 14
Price target increased to ₹535 Up from ₹493, the current price target is an average from 2 analysts. New target price is 5.7% above last closing price of ₹505. Stock is up 210% over the past year. Reported Earnings • Jun 12
Full year 2021 earnings released: EPS ₹19.86 (vs ₹17.60 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹5.13b (down 2.9% from FY 2020). Net income: ₹897.5m (up 13% from FY 2020). Profit margin: 18% (up from 15% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improved over the past week After last week's 17% share price gain to ₹472, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 30x in the Chemicals industry in India. Total loss to shareholders of 2.5% over the past three years. Major Estimate Revision • Feb 19
Analysts increase revenue estimates to ₹4.98b The 2021 consensus revenue estimate increased from ₹4.35b. Earning per share (EPS) estimate also increased from ₹12.35 to ₹17.55 for the same period. Net income is expected to grow by 17% next year compared to 18% growth forecast for the Chemicals industry in India. The consensus price target increased from ₹326 to ₹420. Share price is up 26% to ₹466 over the past week. Analyst Estimate Surprise Post Earnings • Feb 14
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 14%, compared to a 20% growth forecast for the Chemicals industry in India. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS ₹7.73 (vs ₹5.14 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.76b (up 27% from 3Q 2020). Net income: ₹350.3m (up 50% from 3Q 2020). Profit margin: 20% (up from 17% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 9% per year. Is New 90 Day High Low • Feb 06
New 90-day high: ₹320 The company is up 26% from its price of ₹254 on 06 November 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹43.69 per share. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improved over the past week After last week's 15% share price gain to ₹320, the stock is trading at a trailing P/E ratio of 21.3x, up from the previous P/E ratio of 18.5x. This compares to an average P/E of 18x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 34%. Announcement • Feb 04
Mayur Uniquoters Limited to Report Q3, 2021 Results on Feb 12, 2021 Mayur Uniquoters Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 30
New 90-day high: ₹312 The company is up 20% from its price of ₹259 on 01 October 2020. The Indian market is up 21% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Chemicals industry, which is also up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹43.47 per share. Is New 90 Day High Low • Dec 04
New 90-day high: ₹291 The company is up 2.0% from its price of ₹284 on 04 September 2020. The Indian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹38.95 per share. Price Target Changed • Nov 26
Price target raised to ₹317 Up from ₹284, the current price target is an average from 2 analysts. The new target price is 17% above the current share price of ₹271. As of last close, the stock is up 22% over the past year. Major Estimate Revision • Nov 17
Analysts increase EPS estimates to ₹13.90 The 2021 consensus revenue estimate increased from ₹4.08b to ₹4.35b. The earnings per share estimate also received an upgrade from ₹10.10 to ₹13.90 for the same period. Net income is expected to grow by 0.9% next year compared to 24% growth forecast for the Chemicals industry in India. The consensus price target of ₹301 was unchanged from the last update. Share price is up 5.1% to ₹268 over the past week. 
