Mayur Uniquoters Ltd (MAYURUNIQ)

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Mayur Uniquoters Ltd (MAYURUNIQ) · mywealthgrid

About

Mayur Uniquoters manufactures leather and leather products for the consumer durables market, positioned as a mid-cap player with ₹3,238 Cr market capitalization. Operating margin of 24.27% and ROE of 18.37% indicate efficient operations and capital productivity in this discretionary-goods sector. Minimal debt (D/E 0.01) and regular dividend payments reflect stable cash generation from a focused business model.

Face value: ₹5

Market cap

₹3,095 Cr

P/E

14.9×

P/B

2.7×

Dividend yield

1.5%

ROE

18.4%

ROCE

24.6%

Debt / equity

0.01

OPM

24.3%

EPS (TTM)

₹47.7

Book value

₹260.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin compression: OPM swings from 21.9% to 33.49% suggest cyclicality; verify drivers and downside resilience
Earnings volatility: EPS ranges 9.4–13.97 indicate profit sensitivity to demand or cost shocks; verify demand visibility
Revenue stagnation: quarterly run rate of 237–273 Cr shows limited growth; verify market constraints versus competitive pressure
Consumer discretionary cyclicality: leather goods demand tracks economic cycles; verify downside scenario and pricing power in contractions

Generated analysis · source review pending

Growth drivers

Operating margin peaked at 33.49% in Mar 2026; if sustained above the 24.27% average, profit growth would outpace revenue growth — verify drivers of higher-margin quarters and repeatability
ROE of 18.37% with minimal leverage (D/E 0.01) provides financial capacity for growth-stage investment or acquisitions without return dilution — verify capital allocation strategy
Leather goods markets in India typically benefit from rising incomes and urbanization; verify if company has exposure to premiumization, export opportunity, or geographic expansion to grow beyond current 237–273 Cr quarterly revenue range

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹711.6-2.2%1Y

Quick read

rule-based

Pros

+High return on capital employed of 22%
+Healthy operating margin of 24.3%
+Profit CAGR of 16.4% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 187.3×

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

77/100

Business quality: 77
Growth: 76
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	528	513	656	776	803	880	967
COGS	308	276	398	463	464	504	528
Gross profit	220	237	259	313	339	376	439
	116	115	133	174	180	185	204
	104	122	126	139	159	191	235
OPM %	19.7%	23.7%	19.2%	17.9%	19.8%	21.7%	24.3%
Depreciation	18	18	20	22	29	29	29
Interest	2	4	2	2	3	2	1
	20	20	20	18	32	41	55
Profit before tax	104	120	123	132	159	201	259
Tax	24	30	29	28	36	52	67
Tax %	23%	24.9%	23.4%	20.9%	22.9%	25.8%	26%
	80	90	94	104	122	149	192
PAT margin %	15.1%	17.5%	14.4%	13.4%	15.3%	17%	19.8%
EPS (₹)	17.6	19.9	21.2	23.7	27.9	34.2	44.1
EPS adjusted (₹)	17.6	20.1	21.2	23.7	27.9	34.4	44.1
	22.7%	10.1%	9.4%	8.4%	10.8%	14.6%	13.6%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	23	22	22	22	22	22	22
Reserves	—	601	685	732	845	934	1,111
	—	34	20	24	14	7	6
	—	100	95	94	82	92	123
Total equity & liabilities	—	757	822	871	963	1,055	1,262
	165	194	220	242	232	222	213
CWIP	—	15	12	1	1	1	3
Investments	—	205	154	132	186	212	285
	—	343	437	496	544	620	762
Total assets	—	757	822	871	963	1,055	1,262

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	41.7%	46.2%	39.4%	40.3%	42.2%	42.7%	45.4%
EBITDA margin %	19.7%	23.7%	19.2%	17.9%	19.8%	21.7%	24.3%
EBIT margin %	16.2%	20.1%	16%	15%	16.1%	18.4%	21.2%
PAT margin %	15.1%	17.5%	14.4%	13.4%	15.3%	17%	19.8%
Working capital
Receivable days	—	81	68	63	72	76	79
Inventory days	—	212	204	182	161	144	170
Payable days	—	79	50	57	45	42	52
NWC days	—	214	221	187	188	177	197
Leverage
Current ratio	—	4.11	5.66	5.73	8.07	7.77	7.46
Debt to EBITDA	—	0.28	0.16	0.17	0.09	0.04	0.03
Debt to equity	—	0.05	0.03	0.03	0.02	0.01	0.01
Interest coverage	60.5	34.9	52.3	53.9	61.9	111.6	187.3
Asset turnover	—	0.68	0.8	0.89	0.83	0.83	0.77
Return ratios
Return on assets %	—	11.9%	11.5%	12%	12.7%	14.2%	15.2%
Return on capital employed %	—	19.2%	18.3%	17.9%	19.5%	22%	24.6%
Return on equity %	—	14.4%	13.3%	13.8%	14.1%	15.6%	16.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.52%	58.52%	58.52%	58.52%	58.59%	58.59%	58.59%	58.59%	58.59%	58.59%	58.77%	58.77%
	2.4%	2.84%	2.84%	3.28%	3.18%	3.18%	3.34%	3.85%	3.31%	3.24%	3.67%	4.78%
	9.68%	8.67%	6.44%	3.97%	3.18%	3.31%	3.43%	3.45%	3.46%	3.31%	3.65%	3.12%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	29.4%	29.97%	32.2%	34.23%	35.05%	34.92%	34.64%	34.11%	34.64%	34.86%	33.91%	33.33%
No. of shareholders	—	—	—	—	—	—	—	—	38,960	38,386	38,037	37,381

Promoter holding up 0.25 percentage points since Sep 2023.

3 deals · 23 May 2024 – 20 May 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
20 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	3,11,308	₹682.02	₹21.23 Cr
20 May 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	3,11,308	₹681.60	₹21.22 Cr
23 May 2024	UNIFI CAPITAL PRIVATE LIMITED - BLENDED RANGOLI	Bulk	NSE	Sell	3,00,000	₹550.50	₹16.52 Cr

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Suresh Kumar PoddarExecutive Director-Chairperson related to Promoter-CEO-MD
Mr. Arun BagariaExecutive Director
Mr. Ratan Kumar RoongtaNon-Executive - Independent Director
Mr. Shyam AgrawalNon-Executive - Independent Director
Mr. Arvind Kumar SharmaNon-Executive - Independent Director
Mrs. Nivedita Ravindra SardaNon-Executive - Independent Director
Mr. Vinod Kumar SharmaChief Financial Officer
Mr. Kapil AroraCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 4 fund houses

Held by these funds

1.34%

of the company's equity

All mutual funds

1.63%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

4 schemes · 4 fund houses

		Shares
Dividend Yield FundNEW	ICICI Prudential Mutual Fund	4.37 L	32.8	0.49%	1.005%	—
Small Cap Fund	Quantum Mutual Fund	77,551	5.82	2.19%	0.178%	-0
Portfolio of Kotak Rural Opportunities Fund	Kotak Mahindra Mutual Fund	67,500	5.06	0.67%	0.155%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	52	0	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

54

Final dividend21 Aug 2026 · ex-date₹6
Final dividend22 Aug 2025 · ex-date₹5
Final dividend23 Aug 2024 · ex-date₹3
Dividend dividend24 Aug 2023 · ex-date₹2
Final dividend7 Jul 2022 · ex-date₹2
Dividend dividend7 Jul 2021 · ex-date₹2
Final dividend8 Jul 2020 · ex-date₹1
Interim dividend24 Feb 2020 · ex-date₹1.5
Interim dividend21 Nov 2019 · ex-date₹1
Interim dividend19 Aug 2019 · ex-date₹0.5
Final dividend3 Jul 2019 · ex-date₹0.25
Interim dividend21 Feb 2019 · ex-date₹2
Interim dividend20 Nov 2018 · ex-date₹0.5
Interim dividend28 Aug 2018 · ex-date₹0.5
Final dividend4 Jul 2018 · ex-date₹0.25
Interim dividend28 Feb 2018 · ex-date₹0.4
Interim dividend29 Nov 2017 · ex-date₹0.25
Interim dividend31 Aug 2017 · ex-date₹0.5
Final dividend4 Jul 2017 · ex-date₹0.25
Interim dividend10 Feb 2017 · ex-date₹0.25
Interim dividend21 Nov 2016 · ex-date₹0.25
Interim dividend25 Aug 2016 · ex-date₹0.25
Final dividend1 Jul 2016 · ex-date₹0.2
Interim dividend21 Mar 2016 · ex-date₹0.85
Interim dividend16 Feb 2016 · ex-date₹0.85
Interim dividend9 Nov 2015 · ex-date₹0.8
Interim dividend19 Aug 2015 · ex-date₹0.8
Final dividend16 Jul 2015 · ex-date₹0.8
Interim dividend16 Feb 2015 · ex-date₹0.8
Interim dividend20 Nov 2014 · ex-date₹0.75
Final dividend19 Aug 2014 · ex-date₹0.85
Interim dividend19 Aug 2014 · ex-date₹0.7
Interim dividend17 Feb 2014 · ex-date₹1.4
Interim dividend19 Nov 2013 · ex-date₹1.25
Interim dividend22 Aug 2013 · ex-date₹2.25
Final dividend10 Jul 2013 · ex-date₹3.5
Interim dividend14 Feb 2013 · ex-date₹2.25
Interim dividend15 Nov 2012 · ex-date₹2.25
Interim dividend6 Aug 2012 · ex-date₹1.5
Final dividend25 Jun 2012 · ex-date₹5
Interim dividend6 Feb 2012 · ex-date₹5
Interim dividend3 Nov 2011 · ex-date₹2
Interim dividend4 Aug 2011 · ex-date₹1.5
Final dividend16 Jun 2011 · ex-date₹4.5
Interim dividend10 Feb 2011 · ex-date₹2.5
Interim dividend11 Nov 2010 · ex-date₹1.5
Interim dividend18 Aug 2010 · ex-date₹1.5
Final dividend9 Jul 2010 · ex-date₹3
Interim dividend3 Dec 2009 · ex-date₹2
Final dividend6 Aug 2009 · ex-date₹2
Interim dividend23 Mar 2009 · ex-date₹1.5
Final dividend22 Jul 2008 · ex-date₹1
Interim dividend17 Jan 2008 · ex-date₹1
Dividend dividend26 Jul 2007 · ex-date₹0.5

1

Board meeting to consider results5 Aug 2026

1

Face value ₹10 → ₹525 Sept 2013 · ex-date

1–3 of 4

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

27 announcementsExport CSV

1 Oct 2026, 12:25 pmInsider Trading / SAST

Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	41.7%	46.2%	39.4%	40.3%	42.2%	42.7%	45.4%
EBITDA margin %	19.7%	23.7%	19.2%	17.9%	19.8%	21.7%	24.3%
EBIT margin %	16.2%	20.1%	16%	15%	16.1%	18.4%	21.2%
PAT margin %	15.1%	17.5%	14.4%	13.4%	15.3%	17%	19.8%
Working capital
Receivable days	—	81	68	63	72	76	79
Inventory days	—	212	204	182	161	144	170
Payable days	—	79	50	57	45	42	52
NWC days	—	214	221	187	188	177	197
Leverage
Current ratio	—	4.11	5.66	5.73	8.07	7.77	7.46
Debt to EBITDA	—	0.28	0.16	0.17	0.09	0.04	0.03
Debt to equity	—	0.05	0.03	0.03	0.02	0.01	0.01
Interest coverage	60.5	34.9	52.3	53.9	61.9	111.6	187.3
Asset turnover	—	0.68	0.8	0.89	0.83	0.83	0.77
Return ratios
Return on assets %	—	11.9%	11.5%	12%	12.7%	14.2%	15.2%
Return on capital employed %	—	19.2%	18.3%	17.9%	19.5%	22%	24.6%
Return on equity %	—	14.4%	13.3%	13.8%	14.1%	15.6%	16.9%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Mayur Uniquoters LtdMAYURUNIQMAYURUNIQ	₹3,095 Cr	₹3,101 Cr	₹1,020 Cr	₹251 Cr	24.3%	₹207 Cr	19.8%	24.6%	18.4%	197
Kothari Industrial Corporation LimitedKOTICKOTIC	₹1,589 Cr	₹1,589 Cr	₹10 Cr	—	—	₹-20 Cr	-206.4%	—	—	220
Bhartiya International LimitedBILBIL	₹1,323 Cr	₹1,855 Cr	₹1,451 Cr	₹129 Cr	8.9%	₹26 Cr	1%	16.9%	2.9%	262
Mirza International LimitedMIRZAINTMIRZAINT	₹382 Cr	₹397 Cr	₹514 Cr	₹8 Cr	3.4%	₹-22 Cr	-0.1%	-1.8%	-0.1%	142
Superhouse LimitedSUPERHOUSESUPERHOUSE	₹170 Cr	₹351 Cr	₹677 Cr	₹45 Cr	6.1%	₹8 Cr	0.5%	5.5%	0.8%	212
Zenith Exports LimitedZENITHEXPOZENITHEXPO	₹110 Cr	₹112 Cr	₹60 Cr	₹-2 Cr	0.2%	₹0 Cr	3.5%	4.6%	2.8%	330
Anka India LtdANKINANKIN	₹94 Cr	₹94 Cr	₹0 Cr	₹0 Cr	—	₹-0 Cr	—	-17.5%	-17.8%	-16
Super Tannery LtdSUPTANERYSUPTANERY	₹87 Cr	₹156 Cr	₹285 Cr	₹20 Cr	6.9%	₹7 Cr	2.3%	12.1%	6.6%	82
Aki India LimitedAKIAKI	₹64 Cr	₹85 Cr	₹119 Cr	₹-3 Cr	-3.9%	₹3 Cr	1.8%	5.6%	2.3%	214
Aritas Vinyl LtdARITASARITAS	₹26 Cr	₹57 Cr	₹101 Cr	₹9 Cr	9%	₹5 Cr	4.7%	13.1%	8.6%	251
Amin Tannery LtdAMINTANAMINTAN	₹21 Cr	₹49 Cr	₹27 Cr	₹3 Cr	7.1%	₹0 Cr	0.6%	15.7%	1.7%	559
Welterman International LtdWELTIWELTI	₹10 Cr	₹16 Cr	₹2 Cr	₹-0 Cr	—	₹-0 Cr	—	—	—	—

Date	Category	Subject	Filing
1 Oct 2026, 12:25 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
29 Sept 2026, 4:40 pm	Company Update General	Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015- ESG Rating	PDF
29 Sept 2026, 2:01 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
29 Sept 2026, 1:21 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
28 Sept 2026, 2:18 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF
28 Sept 2026, 1:07 pm	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
28 Sept 2026, 11:33 am	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 12:06 am	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	65	78	63	55	13	121	113	157	133
	-33	-27	-48	-20	17	-32	-78	-68	-115
	-44	-45	-7	-38	-21	-67	-21	-70	-24
Net cash flow	-12	6	9	-3	9	23	14	19	-6
Free cash flow	—	—	—	27	-35	90	91	138	109
CFO / Operating profit %	—	—	60.9%	44.8%	10.5%	87.4%	70.9%	82.1%	56.7%

Mayur Uniquoters Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

54

1

1

Announcements

54

1

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Mayur Uniquoters Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends54

Board meetings1

Stock splits1

Announcements

Dividends54

Board meetings1

Stock splits1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

54

1

1

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1

1