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Results
12-Nov-22
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Analysis
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Mayur Uniquoters
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OPM down 370 bps to 16.9%
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Mayur Uniquoters consolidated net sales increased 4.10% to Rs 204.06 crore
in Q2FY23 compared to Q2FY22. Operating
profit margin has declined from 20.58% to 16.93%, leading to 14.37% decline in
operating profit to Rs 34.55 crore. Raw
material cost as a % of total sales (net of stock adjustments) decreased from
61.61% to 61.41%. Employee cost
decreased from 5.25% to 5.07%. Other
expenses rose from 13.26% to 16.48%.
Other income rose 44.84% to Rs 6.17 crore.
PBIDT fell 8.72% to Rs 40.72 crore.
Provision for interest fell 10.34% to Rs 0.52 crore.
PBDT fell 8.70% to Rs 40.2 crore.
Provision for depreciation fell 1.92% to Rs 5.11 crore.
Profit before tax down 9.61% to Rs 35.09 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense
of Rs 7.92 crore, compared to Rs 9.29 crore.
Effective tax rate was 22.57% compared to 23.93%.
Minority interest was nil in both the periods. Net profit attributable to owners of the
company decreased 7.99% to Rs 27.17 crore.
Equity capital decreased from Rs 22.29 crore as of 30 September 2021 to Rs
21.98 crore as of 30 September 2022 .
Per share face Value remained same at Rs 5.00.
Promoters’ stake was 59.11% as of 30 September 2022 compared to 59.87% as
of 30 September 2021 .
For year-to-date (YTD)
results analysis
Net sales (including other operating income) of Mayur Uniquoters has
increased 28.75% to Rs 404.5 crore. Operating
profit margin has declined from 18.46% to 17.15%, leading to 19.62% rise in
operating profit to Rs 69.37 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
61.51% to 61.53%. Employee cost
decreased from 6.35% to 4.81%. Other
expenses rose from 14.64% to 16.67%.
Other income rose 6.77% to Rs 10.72 crore.
PBIDT rose 17.73% to Rs 80.09 crore.
Provision for interest fell 29.37% to Rs 0.89 crore.
PBDT rose 18.62% to Rs 79.2 crore. Provision
for depreciation fell 0.39% to Rs 10.23 crore.
Profit before tax grew 22.07% to Rs 68.97 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense
of Rs 14.71 crore, compared to Rs 12.97 crore.
Effective tax rate was 21.33% compared to 22.96%.
Minority interest was nil in both the periods. Net profit attributable to owners of the
company increased 24.65% to Rs 54.26 crore.
Equity capital decreased from Rs 22.29 crore as of 30 September 2021 to Rs
21.98 crore as of 30 September 2022 .
Per share face Value remained same at Rs 5.00.
Promoters’ stake was 59.11% as of 30 September 2022 compared to 59.87% as
of 30 September 2021 .
The scrip is currently trading at Rs 474
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Mayur Uniquoters : Consolidated
Results
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Particulars
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2209 (03)
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2109 (03)
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Var.(%)
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2209 (06)
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2109 (06)
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Var.(%)
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2203 (12)
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2103 (12)
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Var.(%)
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Net Sales
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204.06
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196.02
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4
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404.5
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314.17
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29
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656.46
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512.71
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28
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OPM (%)
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16.9
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20.6
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17.2
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18.5
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19.15
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23.7
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OP
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34.55
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40.35
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-14
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69.37
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57.99
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20
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125.69
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121.59
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3
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Other Inc.
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6.17
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4.26
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45
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10.72
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10.04
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7
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20.36
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19.87
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2
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PBIDT
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40.72
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44.61
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-9
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80.09
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68.03
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18
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146.05
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141.46
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3
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Interest
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0.52
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0.58
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-10
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0.89
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1.26
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-29
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2.4
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3.52
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-32
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PBDT
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40.2
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44.03
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-9
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79.2
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66.77
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19
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143.65
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137.94
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4
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Depreciation
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5.11
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5.21
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-2
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10.23
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10.27
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0
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20.46
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18.44
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11
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PBT
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35.09
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38.82
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-10
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68.97
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56.5
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22
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123.19
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119.5
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3
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Share of Profit/(Loss) from Associates
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0
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0
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-
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0
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0
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-
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0
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0
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-
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PBT before EO
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35.09
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38.82
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-10
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68.97
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56.5
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22
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123.19
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119.5
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3
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EO Income
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0
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0
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-
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0
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0
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-
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0
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0
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-
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PBT after EO
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35.09
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38.82
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-10
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68.97
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56.5
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22
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123.19
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119.5
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3
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Taxation
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7.92
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9.29
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-15
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14.71
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12.97
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13
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28.82
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29.75
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-3
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PAT
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27.17
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29.53
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-8
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54.26
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43.53
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25
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94.37
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89.75
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5
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EPS (Rs)*
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#
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#
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#
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#
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21.5
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20.4
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Notes
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* EPS is on current equity of Rs 21.98 crore, Face value of Rs 5,
Excluding extraordinary items.
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# EPS is not annualised
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bps : Basis points
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EO : Extraordinary items
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Figures in Rs crore
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Source: Capitaline Corporate Database
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Previous News |
Mayur Uniquoters consolidated net profit declines 7.99% in the September 2022 quarter
(
Results
-
Announcements
12-Nov-22
08:02
)
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Mayur Uniquoters fixes record date for final dividend
(
Market Beat
-
Reports
20-Jun-22
14:09
)
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Mayur Uniquoters consolidated net profit rises 39.59% in the March 2021 quarter
(
Results
-
Announcements
10-Jun-21
18:01
)
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Mayur Uniquoters consolidated net profit rises 19.32% in the September 2023 quarter
(
Results
-
Announcements
09-Nov-23
07:47
)
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Mayur Uniquoters
(
Results
-
Analysis
08-Aug-23
20:19
)
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Mayur Uniquoters standalone net profit declines 0.10% in the September 2019 quarter
(
Results
-
Announcements
14-Nov-19
10:26
)
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Mayur Uniquoters fixes record date for 1st interim dividend
(
Market Beat
-
Reports
10-Aug-16
18:11
)
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Mayur Uniquoters director resigns
(
Corporate News
-
24-Jan-18
15:58
)
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Board of Mayur Uniquoters recommends final dividend
(
Corporate News
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01-Jun-22
11:21
)
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Mayur Uniquoters fixes record date for 2nd interim dividend and buyback of shares
(
Market Beat
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Reports
17-Nov-17
19:45
)
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Mayur Uniquoters schedules board meeting
(
Corporate News
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06-Feb-18
10:13
)
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