Mayur Uniquoters Ltd.

NSE: MAYURUNIQ | BSE: 522249 | ISIN: INE040D01038 | Industry: Textiles
| Strong Performer, Under Radar

452.45
-0.67%
ICICI Securities Limited
Auto segment forms ~55% of revenues while footwear forms ~30%, with others contributing rest. MUL counts several major automotive OEMs both in India (MSIL, M&M;, TML, MG Motor, Honda), globally (VW, Ford, Chrysler) as its clients while also serving retail brands like Bata, Relaxo, Paragon, among others. Share of footwear in overall revenues is on the decline amid higher growth in auto, other segments. This bodes well for MUL as footwear ASPs are lower than those in automotive with blended ASPs at ~| 200-220/metre. Recently, receipts of approval from Mercedes...
Mayur Uniquoters Ltd. has lost -28.64% in the last 6 Months
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