Mayur Uniquoters
Stock Snapshot
Price Performance
Vista Outlook
Basis of our Recommendation
Mayur Uniquoters Limited is strategically enhancing its position in the sustainable synthetic leather market, focusing on integrating recycled materials and Bio-PVC into its offerings. Management's commitment to R&D and operational efficiency, alongside strong relationships with global automotive OEMs, is expected to drive revenue growth, particularly in the automotive sector, where they anticipate 15-20% export value growth. Despite facing challenges from fluctuating raw material costs and geopolitical uncertainties, the company maintains a long-term margin guidance of 25-30%. Vista's financial outlook reflects stable revenue growth and margins, supported by the company's capacity expansion plans and a disciplined approach to pricing. The expected upside of over 20% aligns with the anticipated increase in production capabilities and market share. Industry trends, including the shift towards electric vehicles and improving pricing power, further bolster this outlook. However, watchpoints include raw material volatility and the muted domestic footwear segment. Over the next 12-24 months, key opportunities lie in expanding export markets and enhancing product innovation, while headwinds include rising costs and potential demand fluctuations due to geopolitical factors
Why We Like This Stock
- Strong export momentum and new OEM wins in the U.S. market are expected to drive revenue growth
- Management's focus on sustainable product innovation and operational efficiency supports margin stability
- Capacity expansion plans are set to enhance production capabilities and meet growing demand
Things To Watch Out For
- Fluctuating raw material costs and geopolitical tensions pose risks to short-term margins
- The domestic footwear segment remains muted, potentially limiting overall growth
- Cautious pricing strategies in response to softening demand may impact revenue expansion
Key Parameters
Financial Snapshot
View Technicals Analysis →| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 803 | 880 | 967 | 1,046 | 1,129 |
| Profit Before Tax (Cr.) | 158 | 199 | 259 | 273 | 297 |
| PBT Margin | 19.7% | 22.6% | 26.8% | 26.1% | 26.3% |
| Net Profit (Cr.) | 118 | 149 | 192 | 202 | 220 |
| Earnings Per Share | 27.2 | 34.3 | 44.2 | 46.5 | 50.6 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| ICICI Securities | ▲ Buy | 860 | 21-May-2026 |
Company Overview
Show Company Profile
Mayur Uniquoters Limited engages in the manufacture and sale of coated textile fabrics in India, the United States, South Africa, and internationally. Its products include artificial leather, PU/PVC synthetic leather, and other products. The company's products are used in footwear, furnishings, automotive OEM, automotive replacement, and automotive exports markets. Mayur Uniquoters Limited was incorporated in 1992 and is based in Jaipur, India.