Mahalaxmi Rubtech Ltd
NSE: MHLXMIRU BSE: 514450
Incorporated in 1991, Mahalaxmi Rubtech Ltd does manufacturing and marketing of Traditional Textiles and Polymer based Technical Textiles & Rubber products[1]
₹173
52W: ₹150 — ₹272
PE 8.76 · Book ₹74.6 · +132% vs bookMarket Cap₹184 Cr
Stock P/E8.76Price to Earnings
ROCE30.1%Return on Capital
ROE27.5%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company has delivered good profit growth of 29.5% CAGR over last 5 years
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −The company has delivered a poor sales growth of -12.5% over past five years.
Shareholding Pattern
Promoters64.8%
FIIs0.09%
DIIs0.07%
Public35.03%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 64.8% | 64.8% | 64.8% | 64.8% | 64.8% | 64.8% | 64.8% | 64.8% |
| FIIs | 0.57% | 0.57% | 0.09%▼0.5 | 0.09% | 0.12%▲0.0 | 0.09%▼0.0 | 0.1%▲0.0 | 0.09%▼0.0 |
| DIIs | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
| Public | 34.55% | 34.56%▲0.0 | 35.04%▲0.5 | 35.04% | 35.01%▼0.0 | 35.01% | 35.02%▲0.0 | 35.03%▲0.0 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19.04 | 19.88 | 20.96 | 20.6 | 23.62 | 25.02 | 22.88 | 25.05 | 29.96 | 27.39 |
| Expenses | 15.76 | 16.5 | 14.13 | 15.79 | 18.15 | 17.52 | 16.61 | 18.42 | 22.33 | 19.35 |
| Operating Profit | 3.28 | 3.38 | 6.83 | 4.81 | 5.47 | 7.5 | 6.27 | 6.63 | 7.63 | 8.04 |
| OPM % | 17.23% | 17% | 32.59% | 23.35% | 23.16% | 29.98% | 27.4% | 26.47% | 25.47% | 29.35% |
| Net Profit | 1.84 | 1.93 | 3.88 | 3.26 | 3.49 | 5.42 | 4.61 | 4.44 | 5.88 | 6.04 |
| EPS ₹ | 1.74 | 1.82 | 3.66 | 3.08 | 3.29 | 5.11 | 4.35 | 4.19 | 5.55 | 5.7 |
AI Insights
Revenue Trend
TTM revenue at ₹105Cr, up 14.1% YoY. OPM at 27%.
Debt Position
Borrowings at ₹15Cr. Debt-to-equity ratio: 0.22x. Healthy balance sheet.
Capex Cycle
CWIP at ₹2Cr (6% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 0.07% (+0.00pp change). FIIs: 0.09% (+0.09pp change). Promoters hold 64.8%.
Margin & Efficiency
ROCE improving from 7% (Mar 2014) to 30% (Mar 2025). Working capital days: 37.
Valuation
PE 8.76x with 30.1% ROCE. Price is 132% above book value of ₹74.6. Dividend yield: 0%.
Recent Announcements
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 12 May - Company confirmed it is not a Large Corporate; annual disclosure filed for FY2025-26.
- Compliances-Reg.24(A)-Annual Secretarial Compliance 11 May - Annual Secretarial Compliance Report for FY ended March 31, 2026; no non-compliances observed.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 29 Apr - Mahalaxmi Rubtech says it is not a Large Corporate; outstanding borrowing was Rs. 0.73 crore on March 31, 2026.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Apr - Newspaper Publication regarding Postal Ballot and E-voting intimation.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 16 Apr
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse