Mayur Uniquoters Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MAYURUNIQ, BSE:522249 Mayur Uniquoters Ltd.

Mayur Uniquoters Ltd.

28 Mar 2018, 12:00AM

499.45

-0.28%

Mayur Uniquoters Ltd

Accumulate: Mayur Uniquoters Ltd.

Recommendation Target

CD Equisearch

Mayur witnessed recovery in its business catapulted by growth in domestic sales volume of 32.8% while export sales registered volume growth of 9.7% in Q3FY18. Revenues jumped to Rs 137.99 crs ($21.3m) in Q3FY18 from Rs 108.81 crs ($16.1m) in the previous year (severely marred by...

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

Mayur Uniquoters Ltd.

06 Dec 2017

499.45

-0.28%

Mayur Uniquoter

Buy: Mayur Uniquoters Ltd.

Bonanza

Recently, the stock price of Mayur Uniquoters Ltd. (Mayur Uniquoters) corrected by ~6% from 52-week high of Rs.479 despite reporting good set of numbers in the recent quarters. In the organized segment of the domestic synthetic leather industry, Mayur Uniquoters has the largest installed capacity with product finding application in footwear, automobile, furnishing and apparels among others. It has total installed capacity of 3.05mn meters per month spread across Jaitpura and Dhodsar near Jaipur, Rajasthan. The company has...

Mayur Uniquoters Ltd. is trading below all available SMAs

Mayur Uniquoters Ltd.

20 Nov 2017

499.45

-0.28%

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 all available SMAs

Mayur Uniquoters Ltd.

20 Nov 2017

499.45

-0.28%

Mayur Uniquoter

Buy: Mayur Uniquoters Ltd.

Centrum Broking

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

Mayur Uniquoters Ltd.

01 Sep 2017

499.45

-0.28%

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. has an average target of 803.00 from 1 broker.

Mayur Uniquoters Ltd.

22 Jun 2017

499.45

-0.28%

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

499.45

-0.28%

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 below all available SMAs

Mayur Uniquoters Ltd.

18 Apr 2017

499.45

-0.28%

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

499.45

-0.28%

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.

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

Mayur Uniquoters Ltd.

09 Dec 2016

499.45

-0.28%

Result Update:Mayur Uniquote

Mayur Uniquoters Ltd.

Axis Direct

Mayur Uniquoters Ltd (MUL) delivered a muted performance in Q2FY17 with decline in revenue by 10.6% YoY on account of lower realisation and weak volume growth. EBIDTA margin has contracted by 335 bps to 23.8% on sequential basis. Considering weak volume growth and uncertainty over commissioning of ..

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

Is Mayur Uniquoters Ltd. worth buying?

119 Votes:

Buy 83.19%

Sell 7.56%

Hold 9.24%

RESEARCH REPORTS

Buy SEE REPORTS >

pdf

Buy SEE REPORTS >

pdf