Mahalaxmi Rubtech Limited (MHLXMIRU)

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Mahalaxmi Rubtech Limited (MHLXMIRU) · mywealthgrid

About

Mahalaxmi Rubtech is a small-cap textile manufacturer in the "Other Textile Products" segment with ₹197.45 Cr market cap. Revenue has grown 26% YoY to ₹31.54 Cr (Jun 2026), with operating margins consistently between 23–30%. Promoters control 64.8% of equity, with minimal institutional ownership (FII+DII 0.17%).

Face value: ₹10

Market cap

₹186 Cr

P/E

20.4×

P/B

2.1×

Dividend yield

ROE

9.7%

ROCE

15.9%

Debt / equity

0.64

OPM

EPS (TTM)

₹8.6

Book value

₹82.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin compression: OPM fell 300 bps YoY (26.43% Jun 2025 → 23.43% Jun 2026) and swings 600+ bps across recent quarters; verify whether cyclical or structural
Low capital efficiency: ROE 9.67% despite 23%+ operating margins; verify capex and working-capital drivers
Stock underperformance: Down 12% YTD despite 26% revenue and 30% profit growth; verify market concerns
Limited institutional participation: FII+DII 0.17% and promoter concentration (64.8%) may limit capital access

Generated analysis · source review pending

Growth drivers

YoY revenue growth of 26% (₹25.05 Cr Jun 2025 → ₹31.54 Cr Jun 2026); verify drivers—volume, pricing, mix, or new customers
Net profit up 30% YoY (₹4.44 Cr → ₹5.77 Cr) despite margin compression; verify if asset turnover or mix is offsetting cost pressure
Operating margins remain 3–4x the reported 7% average (23–30% range); verify whether structural advantages support this level
EPS growth of 30% YoY (₹4.18 → ₹5.43) tracking profit growth; verify sustainability of quarterly momentum

Generated analysis · source review pending

2,161 historical price candles were omitted because the exchange source has not been verified.

₹175.0-0.8%1Y

Quick read

rule-based

Pros

+High promoter holding of 64.8% with no pledge

Cons

−Low return on equity of 9.7% (3-yr avg)
−Thin operating margin of 7%
−Profit declined 88.3% a year over the last 5 years
−Revenue shrank over the last 5 years (-89.7% a year)

Research score

Structured signal from quality, growth, valuation and momentum.

41/100

Business quality: 29
Growth: 24
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.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
K.p.r. Mill LimitedKPRMILLKPRMILL	₹36,607 Cr	₹37,203 Cr	₹6,820 Cr	₹1,332 Cr	19.1%	₹912 Cr	13%	21.4%	16.2%	181
Welspun Living LimitedWELSPUNLIVWELSPUNLIV	₹22,941 Cr	₹24,744 Cr	₹9,934 Cr	₹884 Cr	8.4%	₹278 Cr	2.3%	6.6%	4.2%	108
Vardhman Textiles LimitedVTLVTL	₹15,322 Cr	₹17,177 Cr	₹10,186 Cr	₹1,387 Cr	12.6%	₹848 Cr	7.6%	8.6%	7.3%	259
Trident LimitedTRIDENTTRIDENT	₹11,293 Cr	₹13,061 Cr	₹6,781 Cr	₹877 Cr	13%	₹395 Cr	5.6%	10.6%	8%	103
Indo Count Industries LimitedICILICIL	₹8,789 Cr	₹9,862 Cr	₹4,390 Cr	₹424 Cr	9.5%	₹151 Cr	3.1%	10%	5.5%	215
Garware Technical Fibres LimitedGARFIBRESGARFIBRES	₹7,630 Cr	₹7,671 Cr	₹1,644 Cr	₹306 Cr	18.6%	₹190 Cr	13%	21.6%	15.3%	172
Kusumgar LimitedKUSUMGARKUSUMGAR	₹6,222 Cr	₹6,445 Cr	₹692 Cr	₹188 Cr	27.2%	₹98 Cr	14.2%	43.8%	35.2%	—
Filatex India LimitedFILATEXFILATEX	₹4,712 Cr	₹4,840 Cr	₹4,256 Cr	₹346 Cr	8.3%	₹191 Cr	4.4%	17.4%	12.9%	-4
Jindal Worldwide LimitedJINDWORLDJINDWORLD	₹4,594 Cr	₹5,152 Cr	₹2,300 Cr	₹124 Cr	5.9%	₹80 Cr	3.1%	13.5%	7.9%	112
Sanathan Textiles LimitedSANATHANSANATHAN	₹4,257 Cr	₹5,744 Cr	₹4,401 Cr	₹323 Cr	7.5%	₹61 Cr	2%	6.9%	4.2%	-25
Raymond Lifestyle LimitedRAYMONDLSLRAYMONDLSL	₹3,823 Cr	₹5,023 Cr	₹6,973 Cr	₹671 Cr	9.6%	₹43 Cr	0.7%	4%	0.5%	102
Alok Industries LimitedALOKINDSALOKINDS	₹3,505 Cr	₹29,610 Cr	₹3,775 Cr	₹66 Cr	0.8%	₹-711 Cr	-20%	-4%	—	93

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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 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	2,27,80,485	1,85,89,268	1,80,67,811	138	197	267
COGS	-1,52,587	-2,56,891	-1,49,272	5	103	144
Gross profit	—	—	—	133	94	124
	2,15,85,144	1,72,93,953	1,65,90,957	116	77	105
	13,47,928	15,52,206	16,26,126	18	18	19
OPM %	5.9%	8.4%	9%	12.8%	9%	7%
Depreciation	8,47,641	9,33,608	10,05,595	9	9	8
Interest	1,53,318	2,12,732	2,94,658	3	4	5
	2,17,356	2,12,627	2,68,176	3	5	6
Profit before tax	5,64,325	6,18,493	5,94,048	8	10	11
Tax	1,83,180	1,22,478	1,34,207	2	2	2
Tax %	32.5%	19.8%	22.6%	22.1%	21.2%	22%
	3,81,145	4,96,015	4,59,841	6	8	8
PAT margin %	1.7%	2.7%	2.6%	4.4%	3.9%	3.2%
EPS (₹)	—	—	—	—	6.3	8
EPS adjusted (₹)	—	—	—	—	—	8
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023

₹ Cr	Mar 2023
Equity capital	11
Reserves	77
	56
	67
Total equity & liabilities	210
	64
CWIP	0
Investments	0
	146
Total assets	210

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	5	13	11	23	16	8	6
	-5	-18	-6	-15	-17	-13	9
	3	5	2	-8	1	-1	-7
Net cash flow	2	0	8	0	0	-5	9
Free cash flow	-0	-5	4	10	10	2	1
CFO / Operating profit %	—	0%	0%	0%	93.3%	47.3%	32.6%

Compounded sales growth

7 years: —
5 years: -90%
3 years: -98%
1 year

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2023 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities
Traditional Textile	200.18	0.14	—	93.48
Polymer Based Technical Textile & Rubber	69.44	15.49	—	25.05

SegmentFigure

Polymer Based Technical Textile & Rubber · revenue

₹ crore by fiscal year

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Margins
Gross margin %	—	—	—	96.4%	47.9%	46.2%
EBITDA margin %	5.9%	8.4%	9%	12.8%	9%	7%
EBIT margin %	2.2%	3.3%	3.4%	6%	4.7%	3.8%
PAT margin %	1.7%	2.7%	2.6%	4.4%	3.9%	3.2%
Working capital
Receivable days	—	—	—	—	—	66
Inventory days	—	—	—	—	—	132
Payable days	—	—	—	—	—	147
NWC days	—	—	—	—	—	51
Leverage
Current ratio	—	—	—	—	—	1.32
Debt to EBITDA	—	—	—	—	—	2.98
Debt to equity	—	—	—	—	—	0.64
Interest coverage	4.7	3.9	3	3.5	3.3	3.1
Asset turnover	—	—	—	—	—	1.27
Return ratios
Return on assets %	—	—	—	—	—	4%
Return on capital employed %	—	—	—	—	—	15.9%
Return on equity %	—	—	—	—	—	9.7%

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
	64.8%	64.8%	64.8%	64.8%	64.8%	64.8%	64.8%	64.8%	64.8%	64.8%	64.8%	64.8%
	0%	0%	0%	0.57%	0.57%	0.09%	0.09%	0.12%	0.09%	0.1%	0.09%	0.09%
	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	35.12%	35.12%	35.12%	34.55%	34.55%	35.03%	35.03%	35%	35.03%	35.02%	35.03%	35.03%
No. of shareholders	—	—	—	—	—	—	—	—	5,706	5,619	5,633	6,537

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F&O

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

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

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

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Mahalaxmi Rubtech Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

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

Announcements

Loading documents…

Events

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

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

11 announcementsExport CSV

28 Sept 2026, 5:28 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

Loading announcements…

Ratio	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Margins
Gross margin %	—	—	—	96.4%	47.9%	46.2%
EBITDA margin %	5.9%	8.4%	9%	12.8%	9%	7%
EBIT margin %	2.2%	3.3%	3.4%	6%	4.7%	3.8%
PAT margin %	1.7%	2.7%	2.6%	4.4%	3.9%	3.2%
Working capital
Receivable days	—	—	—	—	—	66
Inventory days	—	—	—	—	—	132
Payable days	—	—	—	—	—	147
NWC days	—	—	—	—	—	51
Leverage
Current ratio	—	—	—	—	—	1.32
Debt to EBITDA	—	—	—	—	—	2.98
Debt to equity	—	—	—	—	—	0.64
Interest coverage	4.7	3.9	3	3.5	3.3	3.1
Asset turnover	—	—	—	—	—	1.27
Return ratios
Return on assets %	—	—	—	—	—	4%
Return on capital employed %	—	—	—	—	—	15.9%
Return on equity %	—	—	—	—	—	9.7%

140 deals · 8 Feb 2022 – 3 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
3 Aug 2026	MERU INVESTMENTS	Bulk	NSE	Buy	54,801	₹148.18	₹0.81 Cr
3 Aug 2026	MARWADI CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED	Bulk	NSE	Sell	53,770	₹148.17	₹0.80 Cr
30 Jun 2026	MARWADI CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED	Bulk	NSE	Sell	1,02,000	₹121.13	₹1.24 Cr
30 Jun 2026	N S DAGA & SONS	Bulk	BSE	Sell	64,476	₹121.80	₹0.79 Cr
30 Jun 2026	N S DAGA & SONS	Bulk	BSE	Buy	2,853	₹121.80	₹0.03 Cr
29 Jun 2026	NISHANT PITTI	Bulk	NSE	Sell	5,59,213	₹107.73	₹6.02 Cr
29 Jun 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	NSE	Buy	3,00,000	₹105.63	₹3.17 Cr
29 Jun 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	NSE	Sell	3,00,000	₹108.02	₹3.24 Cr
29 Jun 2026	MONEYLEADER FINANCE INDIA PRIVATE LIMITED	Bulk	NSE	Sell	1,77,195	₹106.35	₹1.88 Cr
29 Jun 2026	D3 STOCK VISION LLP	Bulk	NSE	Buy	1,58,263	₹106.42	₹1.68 Cr

1–10 of 140

1 / 14

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.

Date	Category	Subject	Filing
28 Sept 2026, 5:28 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
29 Aug 2026, 11:27 am	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
27 Aug 2026, 9:03 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
27 Aug 2026, 8:46 pm	AGM/EGM AGM	Notice Of The 35Th Annual General Meeting (AGM) Of The Company	PDF
27 Aug 2026, 8:01 pm	Corp. Action Book Closure	Intimation Of Book Closure Pursuant To Regulation 42 Of The SEBI (LODR) Regulations, 2015	PDF
26 Aug 2026, 2:59 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
11 Aug 2026, 6:52 pm	Result Financial Results	Outcome Of The Board Meeting Dated August 11, 2026	PDF
11 Aug 2026, 6:46 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of The Board Meeting Dated August 11, 2026	PDF

Mahalaxmi Rubtech Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Segment results

Polymer Based Technical Textile & Rubber · revenue

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Quarterly record

Annual reports

Dividends6

Board meetings1

Stock splits1

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Segment results

Polymer Based Technical Textile & Rubber · revenue

Compounded profit growth

Return on equity

6

1

1