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Results
20-May-23
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Analysis
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Mayur Uniquoters
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Lower other income impacted profits
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Mayur Uniquoters consolidated net sales increased 19.39% to Rs 193.24 crore
in Q4FY23 compared to Q4FY22. Operating
profit margin has declined from 18.62% to 18.24%, leading to 16.92% rise in
operating profit to Rs 35.24 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
59.59% to 60.76%. Employee cost
decreased from 5.78% to 5.01%. Other
expenses rose from 15.10% to 16.94%.
Other income fell 76.92% to Rs 1.83 crore.
PBIDT fell 2.63% to Rs 37.07 crore.
Provision for interest rose 87.04% to Rs 1.01 crore.
PBDT fell 3.92% to Rs 36.06 crore.
Provision for depreciation rose 36.57% to Rs 6.76 crore.
Profit before tax down 10.07% to Rs 29.30 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense
of Rs 5.92 crore, compared to Rs 7.65 crore.
Effective tax rate was 20.20% compared to 23.48%.
Minority interest was nil in both the periods. Net profit attributable to owners of the
company decreased 6.22% to Rs 23.38 crore.
Equity capital decreased from Rs 22.29 crore as of 31 March 2022 to Rs
21.98 crore as of 31 March 2023 . Per
share face Value remained same at Rs 5.00.
Full year results
analysis
Net sales (including other operating income) of Mayur Uniquoters has
increased 18.15% to Rs 775.63 crore.
Operating profit margin has declined from 19.15% to 17.88%, leading to
10.37% rise in operating profit to Rs 138.72 crore. Raw material cost as a % of total sales (net
of stock adjustments) increased from 60.31% to 60.58%. Employee cost decreased from 6.08% to
5.10%. Other expenses rose from 14.79%
to 16.84%.
Other income fell 12.87% to Rs 17.74 crore.
PBIDT rose 7.13% to Rs 156.46 crore.
Provision for interest rose 3.75% to Rs 2.49 crore. Loan funds declined from Rs 30.60 crore as of
31 March 2022 to Rs 25.11 crore as of 31 March 2023. Inventories rose to Rs 230.66 crore as of 31
March 2023 from Rs 222.11 crore as of 31 March 2022. Sundry debtors were higher at Rs 133.61 crore
as of 31 March 2023 compared to Rs 122.25 crore as of 31 March 2022. Cash and bank balance rose to Rs 70.38 crore
as of 31 March 2023 from Rs 29.69 crore as of 31 March 2022. Investments declined from Rs 153.57 crore as
of 31 March 2022 to Rs 131.67 crore as of 31 March 2023.
PBDT rose 7.18% to Rs 153.97 crore.
Provision for depreciation rose 8.80% to Rs 22.26 crore. Fixed assets increased to Rs 243.05 crore as
of 31 March 2023 from Rs 231.38 crore as of 31 March 2022. Intangible assets declined from Rs 0.20 crore
to Rs 0.19 crore.
Profit before tax grew 6.92% to Rs 131.71 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense
of Rs 27.5 crore, compared to Rs 28.82 crore.
Effective tax rate was 20.88% compared to 23.39%.
Minority interest was nil in both the periods. Net profit attributable to owners of the
company increased 10.43% to Rs 104.21 crore.
Equity capital decreased from Rs 22.29 crore as of 31 March 2022 to Rs
21.98 crore as of 31 March 2023 . Per
share face Value remained same at Rs 5.00.
Promoters’ stake was 59.11% as of 31 March 2023 ,compared to 59.43% as of
31 March 2022 .
Cash flow from operating activities increased to Rs 121.18 crore for year
ended March 2023 from Rs 13.15 crore for year ended March 2022. Cash flow used in acquiring fixed assets
during the year ended March 2023 stood at Rs 31.22 crore, compared to Rs 47.82
crore during the year ended March 2022.
The scrip is currently trading at Rs 523
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Mayur Uniquoters : Consolidated
Results
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Particulars
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2303 (03)
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2203 (03)
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Var.(%)
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2303 (12)
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2203 (12)
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Var.(%)
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Net Sales
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193.24
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161.85
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19
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775.63
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656.46
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18
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OPM (%)
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18.2
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18.6
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17.9
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19.1
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OP
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35.24
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30.14
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17
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138.72
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125.69
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10
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Other Inc.
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1.83
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7.93
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-77
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17.74
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20.36
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-13
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PBIDT
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37.07
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38.07
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-3
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156.46
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146.05
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7
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Interest
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1.01
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0.54
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87
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2.49
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2.4
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4
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PBDT
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36.06
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37.53
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-4
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153.97
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143.65
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7
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Depreciation
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6.76
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4.95
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37
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22.26
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20.46
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9
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PBT
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29.3
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32.58
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-10
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131.71
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123.19
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7
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Share of Profit/(Loss) from Associates
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0
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0
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0
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0
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PBT before EO
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29.3
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32.58
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-10
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131.71
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123.19
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7
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EO Income
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0
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0
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0
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0
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PBT after EO
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29.3
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32.58
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-10
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131.71
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123.19
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7
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Taxation
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5.92
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7.65
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-23
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27.5
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28.82
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-5
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PAT
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23.38
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24.93
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-6
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104.21
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94.37
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10
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EPS (Rs)*
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#
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#
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21.5
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21.5
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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
(
Results
-
Analysis
09-Nov-23
14:55
)
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Mayur Uniquoters consolidated net profit declines 26.03% in the December 2021 quarter
(
Results
-
Announcements
08-Feb-22
16:35
)
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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
(
Analyst Meet / AGM
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Conference Call
09-Nov-23
23:40
)
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Mayur Uniquoters standalone net profit declines 11.02% in the September 2018 quarter
(
Results
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Announcements
16-Nov-18
12:00
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Mayur Uniquoters to conduct board meeting
(
Corporate News
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02-Aug-23
15:37
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Mayur Uniquoters to hold board meeting
(
Corporate News
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07-Nov-16
11:50
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(
Analyst Meet / AGM
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Conference Call
25-May-23
08:24
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Mayur Uniquoters to hold board meeting
(
Corporate News
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06-Nov-19
15:34
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Mayur Uniquoters to pay second interim dividend
(
Market Beat
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Reports
12-Nov-14
15:09
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Outcome of board meeting of Mayur Uniquoters
(
Corporate News
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12-May-15
18:09
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