Mayur Uniquoters
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Mayur Uniquoters is positioned for stable growth, bolstered by management's optimistic outlook and strategic initiatives. Recent commentary highlights a robust demand for exports, particularly from US OEMs, and a targeted expansion into new markets, which are expected to drive revenue growth of 8-10% domestically and 15-20% in exports. The company's focus on maintaining EBITDA margins between 25-30% aligns with Vista's forecast of improving profitability, supported by a low-leverage balance sheet. However, potential headwinds include raw material price volatility and geopolitical risks that could impact margins in the short term. The automotive ancillary sector's growth, driven by electric vehicle adoption and favorable government policies, further supports Mayur's long-term outlook. Over the next 12-24 months, key opportunities lie in expanding export capabilities and enhancing product offerings, while watchpoints include commodity price fluctuations and geopolitical tensions that may affect operational stability
Why We Like This Stock
- Management anticipates 8-10% domestic and 15-20% export revenue growth, driven by strong orders from US OEMs
- The company is expanding capacity with a new coating line, expected to add significant revenue
- The automotive ancillary sector is experiencing favorable conditions, enhancing Mayur's competitive position
Things To Watch Out For
- Raw material price volatility poses a risk to short-term margins
- Geopolitical factors may disrupt operations and impact growth
- The muted performance of the PU business could hinder overall profitability
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 803 | 880 | 967 | 1,047 | 1,130 |
| Profit Before Tax (Cr.) | 158 | 199 | 259 | 292 | 312 |
| PBT Margin | 19.7% | 22.6% | 2678.4% | 27.9% | 27.6% |
| Net Profit (Cr.) | 118 | 149 | 192 | 216 | 231 |
| Earnings Per Share | 27.2 | 34.3 | 44.2 | 49.8 | 53.2 |
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 and internationally. Its products include artificial leather/, PVC Vinyl and PU 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.