Mayur Uniquoters Ltd. News and Updates

Name: Latest research reports of Mayur Uniquoters Ltd. authored by Centrum Broking and published by - Trendlyne research reports.
Item: Mayur Uniquoters Ltd.
Rating: 5
Author: Centrum Broking

Keep track of all breaking news on Mayur Uniquoters Ltd. from all sources in a single place.

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Mayur Uniquoters Ltd.

20 Nov 2017

488.70

-1.25%

Mayur Uniquoter

Buy: Mayur Uniquoters Ltd.

Centrum Broking

We maintain our Buy rating on Mayur Uniquoters and revise our TP to Rs529 as the company's footwear business is well on its way to recovery and its high margin profile remains intact. We expect good performance to be maintained in the coming quarters, aided by i) continued recovery in the footwear segment, and ii) higher traction in exports. The company's foray into the PU business and its new plant in Mysore will also add to its growth momentum, albeit in the medium term as these projects are expected to start in the next couple of months. Q2FY18 was in-line with estimates as strong sales growth supported overall earnings. We...

Mayur Uniquoters Ltd. is trading below its 100 day SMA of 537.0

Mayur Uniquoters Ltd.

20 Nov 2017

488.70

-1.25%

Mayur Uniquoter

Buy: Mayur Uniquoters Ltd.

Centrum Broking

Mayur Uniquoters Ltd. has an average target of 803.00 from 1 broker.

Mayur Uniquoters Ltd.

17 Nov 2017, 09:19PM

488.70

-1.25%

Mayur Uniquoters Limited

Business Line

The board of Mayur Uniquoters on Friday approved a buyback proposal of up to 4.5 lakh fully paid-up equity shares of the company at 550 a share for an amount not exceeding 24.75 crore. The offer...

Mayur Uniquoters Ltd. has an average target of 803.00 from 1 broker.

Mayur Uniquoters Ltd.

16 Nov 2017, 09:38PM

488.70

-1.25%

Mayur Uniquoters: eyes on results, buyback

Business Line

Shares of Mayur Uniquoters will remain on investors' radars, as the board of directors of the firm meet on Friday to consider and approve unaudited financial results for the quarter and half year...

Mayur Uniquoters Ltd. is trading above its 50 day SMA of 487.1

Mayur Uniquoters Ltd.

01 Sep 2017

488.70

-1.25%

Result Update Q1FY18 Mayur Uniquoters Ltd

Buy: Mayur Uniquoters Ltd.

Target

Religare

Mayur Uniquoters Ltd. (MUL) reported better than expected Q1FY18 result. Net sales increased by 8.9% YoY while EBITDA/PAT was higher by 4.9%/4.2% YoY. The management has guided double digit sales growth with stable margins in FY18. Further, the company's PVC and PU capacity expansion plans are on track and the plants will be operational in H2FY19E.

Mayur Uniquoters Ltd. is trading below its 100 day SMA of 537.0

Mayur Uniquoters Ltd.

22 Jun 2017

488.70

-1.25%

Broker's Call

Business Line

CD EquisearchMayur Uniquoters (Buy)CMP: 371.95Target: 444The domestic footwear segment of Mayur Uniquoters was hit by demonetisation and saw a sharp decline in total revenue post demonetisation in...

Mayur Uniquoters Ltd. has an average target of 803.00 from 1 broker.

Mayur Uniquoters Ltd.

22 Jun 2017

488.70

-1.25%

Mayur Uniquoters Ltd

Buy: Mayur Uniquoters Ltd.

Recommendation Target

CD Equisearch

.3x FY18e EPS of Rs 19.71 and 16.2x FY19e EPS of Rs 22.20. Artificial leather is majorly replacing pure leather in the fields of automobile, footwear, and furnishing, furnishing due to lower cost. Per capita footwear consumption in India is expected to increase up to four pairs (~1.5 now) , while domestic footwear consumption is expected to...

Mayur Uniquoters Ltd. has an average target of 803.00 from 1 broker.

Mayur Uniquoters Ltd.

12 Jun 2017

488.70

-1.25%

Mayur Uniquoters Ltd: Slow Recovery in Footwear Segment Saw ... (Jun 12, 2017)

Buy: Mayur Uniquoters Ltd.

Target

Karvy

Slow Recovery in Footwear Segment Saw Improved Topline but Disappointing Margins: Mayur Uniquoters topline has marginally improved by 7.6% at Rs. 1321 Mn vs.Rs.1228 Mn on QoQ basis, while we see a 3.4% increase on YoY basis. The expenses have increased due to increase in raw material prices. PAT in Q4FY17 is at Rs.187 Mn and has decreased from Rs. 235 Mn YoY, while marginally increasingby 0.3% QoQ due to the slowdown of footwear segment from demonetization and a very slow recovery from the last 2 months.

Mayur Uniquoters Ltd. is trading above its 50 day SMA of 487.1

Mayur Uniquoters Ltd.

18 Apr 2017

488.70

-1.25%

Religare Investment Call - Mayur Uniquoters Ltd

Buy: Mayur Uniquoters Ltd.

Religare

Mayur Uniquoters Ltd. (MUL) is the largest manufacturer of artificial leather/ PVC vinyl in India. The company is a leading synthetic leather supplier to branded footwear, automotive and leather goods and garments companies in India and abroad. MUL enjoys 50% market share of organised industry, which mirrors its strong positioning and growth opportunities, in line with industry growth.

Mayur Uniquoters Ltd. has an average target of 803.00 from 1 broker.

Mayur Uniquoters Ltd.

20 Feb 2017

488.70

-1.25%

Mayur Uniquoters Ltd: Footwear Slowdown Affected Q3FY17; Upc... (Feb 20, 2017)

Hold: Mayur Uniquoters Ltd.

Karvy

Footwear Slowdown Affected Q3FY17; Upcoming Plants Hold Key for Outlook: The phase of demonetization brought in a decline of 6% in general and ~ 20%fall in the domestic footwear business. EBITDA margins slacked 232 bps YoY to 25.3% due to higher other expenditure which increased 18.6% YoY. PAT was at Rs. 186 Mn down by 6.1% QoQ and 6.4% YoY; and the fall was buffered/ mitigatedto some extent by new innovations and automobiles exports.