About
Mahalaxmi Rubtech Limited engages in the manufacture and marketing of traditional textile, and polymer based technical textile and rubber products in India. It offers Imprint Technology, including underlay, xpeedo-web, rapid-web, print UV, royal green, robusto, spectra, stripcoat, ultra, and polset for sheetfed/conventional, UV printing, packaging, stripping coating, metal deco, newspaper/web, security printing, and under packing. The company also provides technical coated fabrics, such as PVC, media/acrylic, polyurethane coated fabric, and miscellaneous fabric coating for architecture, lifestyle, sports, advertising, military, mines, food and agriculture, vehicle, and transportation applications. In addition, it offers grey fabrics under the Maheeka brand name. Mahalaxmi Rubtech Limited was incorporated in 1991 and is based in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap192 Cr
P/E21.10
Div Yield0.00 %
Book Value₹86.40
52w High₹259.00
52w Low₹106.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 74.76 | 70.03 | 65.19 | 74.93 | 66.25 | 66.77 | 59.54 | 66.09 | 50.00 | 45.98 | 35.24 | 56.29 | 39.13 |
| Expenses | 69.57 | 65.05 | 61.00 | 69.57 | 60.90 | 62.02 | 56.28 | 59.98 | 46.03 | 41.95 | 31.63 | 50.65 | 34.05 |
| Operating Profit | 5.19 | 4.98 | 4.19 | 5.36 | 5.35 | 4.75 | 3.26 | 6.11 | 3.97 | 4.03 | 3.61 | 5.64 | 5.08 |
| OPM % | 6.94 | 7.11 | 6.43 | 7.15 | 8.08 | 7.11 | 5.48 | 9.24 | 7.94 | 8.76 | 10.24 | 10.02 | 12.98 |
| Other Income | 0.77 | 1.98 | 1.11 | 1.40 | 0.66 | 0.86 | 2.73 | 2.33 | 1.04 | 0.73 | 0.74 | 2.21 | 0.13 |
| Depreciation | 2.09 | 2.01 | 1.99 | 2.14 | 2.13 | 2.09 | 2.07 | 2.69 | 2.00 | 1.91 | 1.91 | 2.44 | 2.37 |
| Interest | 0.98 | 1.19 | 1.00 | 1.46 | 1.23 | 1.17 | 1.25 | 1.42 | 1.24 | 0.87 | 0.72 | 2.14 | 0.30 |
| Profit before tax | 2.89 | 3.76 | 2.31 | 3.16 | 2.65 | 2.35 | 2.67 | 4.33 | 1.77 | 1.98 | 1.72 | 3.27 | 2.54 |
| Tax % | 21.80 | 25.53 | 31.60 | 21.52 | 20.00 | 20.43 | 25.09 | 29.79 | 19.77 | 30.30 | 15.12 | 22.63 | 24.41 |
| Net Profit | 2.26 | 2.81 | 1.57 | 2.47 | 2.11 | 1.86 | 2.01 | 3.03 | 1.43 | 1.37 | 1.46 | 2.53 | 1.92 |
| EPS in Rs | 2.13 | 2.65 | 1.48 | 2.33 | 1.99 | 1.75 | 1.90 | 2.86 | 1.35 | 1.03 | 1.10 | 1.90 | 1.44 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|
| Sales | 267.00 | 197.00 | 138.00 | 181.00 | 186.00 | 228.00 | 202.00 |
| Expenses | 249.00 | 179.00 | 121.00 | 164.00 | 170.00 | 214.00 | 188.00 |
| Operating Profit | 19.00 | 18.00 | 18.00 | 16.00 | 16.00 | 13.00 | 14.00 |
| OPM % | 7.00 | 9.00 | 13.00 | 9.00 | 8.00 | 6.00 | 7.00 |
| Other Income | 6.00 | 5.00 | 3.00 | 3.00 | 2.00 | 2.00 | 0.00 |
| Interest | 5.00 | 4.00 | 3.00 | 3.00 | 2.00 | 2.00 | 2.00 |
| Depreciation | 8.00 | 9.00 | 9.00 | 10.00 | 9.00 | 8.00 | 8.00 |
| Profit before tax | 11.00 | 10.00 | 8.00 | 6.00 | 6.00 | 6.00 | 5.00 |
| Tax % | 22.00 | 26.00 | 22.00 | 23.00 | 20.00 | 33.00 | 33.00 |
| Net Profit | 8.00 | 7.00 | 6.00 | 5.00 | 5.00 | 4.00 | 3.00 |
| EPS in Rs | 7.96 | 6.88 | 4.56 | 3.46 | 3.73 | 3.31 | 3.40 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.00 | 11.00 | 11.00 | 13.00 | 13.00 | 13.00 | 11.00 | 10.00 |
| Reserves | 81.00 | 77.00 | 68.00 | 81.00 | 75.00 | 70.00 | 60.00 | 53.00 |
| Borrowings | 52.00 | 56.00 | 55.00 | 38.00 | 33.00 | 35.00 | 37.00 | 36.00 |
| Other Liabilities | 70.00 | 67.00 | 59.00 | 41.00 | 55.00 | 54.00 | 58.00 | 49.00 |
| Total Liabilities | 214.00 | 210.00 | 192.00 | 173.00 | 176.00 | 172.00 | 168.00 | 148.00 |
| Fixed Assets | 62.00 | 64.00 | 67.00 | 68.00 | 62.00 | 68.00 | 68.00 | 61.00 |
| CWIP | 1.00 | 0.00 | 1.00 | 1.00 | 11.00 | 2.00 | 4.00 | 1.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 150.00 | 146.00 | 124.00 | 103.00 | 104.00 | 102.00 | 95.00 | 86.00 |
| Total Assets | 214.00 | 210.00 | 192.00 | 173.00 | 176.00 | 172.00 | 168.00 | 148.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 6.00 | 8.00 | 16.00 | 23.00 | 11.00 | 13.00 | 5.00 |
| Cash from Investing Activity | 9.00 | -13.00 | -17.00 | -15.00 | -6.00 | -18.00 | -5.00 |
| Cash from Financing Activity | -7.00 | -1.00 | 1.00 | -8.00 | 2.00 | 5.00 | 3.00 |
| Net Cash Flow | 9.00 | -5.00 | 0.00 | 0.00 | 8.00 | 0.00 | 2.00 |
| Free Cash Flow | 3.00 | 2.00 | 10.00 | 11.00 | 5.00 | -4.00 | 0.00 |
| CFO/OP % | 47.00 | 86.00 | 104.00 | 151.00 | 86.00 | 115.00 | 42.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 66.00 | 68.00 | 81.00 | 73.00 | 74.00 | 66.00 | 68.00 |
| Inventory Days | 132.00 | 143.00 | 143.00 | 129.00 | 131.00 | 84.00 | 91.00 |
| Days Payable | 147.00 | 173.00 | 156.00 | 161.00 | 152.00 | 113.00 | 117.00 |
| Cash Conversion Cycle | 51.00 | 39.00 | 68.00 | 40.00 | 53.00 | 36.00 | 42.00 |
| Working Capital Days | -2.00 | -10.00 | 5.00 | 10.00 | 18.00 | 15.00 | 13.00 |
| ROCE % | 10.00 | 10.00 | 9.00 | 7.00 | 7.00 | 6.00 | — |
Corporate Actions
14 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 23 Sep 2024 | — | — | — | Annual General Meeting |
| Other | 19 Apr 2024 | 19 Apr 2024 | — | — | Spin Off |
| Other | 19 Apr 2024 | 19 Apr 2024 | — | — | Demerger |
| Other | 18 Sep 2023 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 26 Aug 2021 | 27 Aug 2021 | — | — | Buy Back of Shares |
| Other | 05 Nov 2015 | 06 Nov 2015 | — | — | Consolidation of Shares |
| Dividend | 20 Sep 2012 | — | — | 0.05 | |
| Dividend | 22 Sep 2011 | — | — | 0.05 | |
| Split | 23 Sep 2010 | — | 10:1 | — | |
| Dividend | 23 Sep 2010 | — | — | 0.50 | |
| Dividend | 08 Sep 2009 | — | — | 0.50 | |
| Dividend | 18 Sep 2008 | — | — | 0.50 | |
| Dividend | 20 Sep 2007 | — | — | 0.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update3 Apr 2024 from care
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Rating update10 Aug 2023 from care
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Rating update4 Apr 2022 from care
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Rating update30 Mar 2020 from care
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Rating update2 Apr 2019 from care