416.85 -1.35 (-0.32%)
114.5K Volume
NSEMar 04, 2021 03:31 PM
The 11 reports from 5 analysts offering long term price targets for Mayur Uniquoters Ltd. have an average target of 381.75. The consensus estimate represents a downside of -8.42% from the last price of 416.85.
Summary | Date | Stock | Broker | Price at Reco. | Target | Price at reco Change since reco(%) | Upside(%) | Type | Report | Discuss |
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2021-02-15 | Mayur Uniquoters Ltd. + | BOB Capital Markets Ltd. | 403.60 | 495.00 | 403.60 (3.28%) | 18.75 | Buy | |||
2020-11-12 | Mayur Uniquoters Ltd. + | BOB Capital Markets Ltd. | 263.15 | 300.00 | 263.15 (58.41%) | Target met | Accumulate | Mayur Uniquoters (ADD): Good performance, outlook improving
BOB Capital Markets Ltd.
Mayur Uniquoters' (MUNI) Q2FY21 standalone revenue declined 11% YoY and volumes dropped 5% amid a continued slowdown in user industries (footwear, auto), albeit less pronounced than expected.
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2020-11-11 | Mayur Uniquoters Ltd. + | East India Securities Ltd | 264.90 | 345.00 | 264.90 (57.36%) | Target met | Buy | Mayur Uniquoter
East India Securities Ltd
operational performance, c) higher other income and d) exceptional gains of Rs760mn. 2HFY20 plant and when situation normalizes this plant will also add to growth. FY21 is not looking is expected to be better than 1HFY20 with reasonable growth in exports and presence of levers that bad as it was at the end of Q1FY21. With volume recovery in footwear, ramp up of PU for margin improvement. However, we believe current valuations already discount most of the plant and businesses from new clients such as VW, Mercedes, BMW; we expect a strong...
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2020-08-25 | Mayur Uniquoters Ltd. + | ICICI Securities Limited | 298.35 | 350.00 | 298.35 (39.72%) | Target met | Buy | Mayur Uniquoters
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...
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2020-08-18 | Mayur Uniquoters Ltd. + | Anand Rathi | 278.80 | 337.00 | 278.80 (49.52%) | Target met | Buy | Mayur Uniquoter
Anand Rathi
plant and exports are behind (reasons for a de-rating over the last two years), at ~10x FY22e P/E, we believe in good scope for a re-rating given improving prospects. Its net-cash status and FCF generation ability even in the downturn are other positives. While the near-term outlook is challenging, we are positive...
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2020-08-17 | Mayur Uniquoters Ltd. + | BOB Capital Markets Ltd. | 266.95 | 270.00 | 266.95 (56.15%) | Target met | Accumulate | First Light | Mayur Uniquoters, Wholesale Inflation, Trade, Bharat Petroleum Corp, Hero MotoCorp
BOB Capital Markets Ltd.
MUNI: Tepid quarter, upside limited; downgrade to ADD. Wholesale Inflation: WPI contracts, food inflation soars. Trade: Imports catching up, non-oil exports improve. BPCL: GRMs outperform but marketing to aid earnings growth. HMCL: Optimism priced in maintain REDUCE
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2020-08-15 | Mayur Uniquoters Ltd. + | East India Securities Ltd | 278.80 | 314.00 | 278.80 (49.52%) | Target met | Buy | Mayur Uniquoter
East India Securities Ltd
Auto industry is looking forward for a better Diwali. On the back of improvement in rural Mayur had started reporting strong margins in normal business situation and strong demand, the outlook for Q4FY20 and Q1FY21 is good. margins will come back with sales going back to normal levels....
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2020-06-30 | Mayur Uniquoters Ltd. + | BOB Capital Markets Ltd. | 224.65 | 250.00 | 224.65 (85.56%) | Target met | Buy | |||
2020-06-30 | Mayur Uniquoters Ltd. + | East India Securities Ltd | 222.75 | 305.00 | 222.75 (87.14%) | Target met | Buy | |||
2020-03-05 | Mayur Uniquoters Ltd. + | Prabhudas Lilladhar | 218.50 | 218.50 (90.78%) | Not Rated | Management Meeting Update
Prabhudas Lilladhar
Mayur Uniquoters The Peacock will now Dance! Mayur Uniquoters (MUNI) is a leading manufacturer of PVC in India has recently commissioned its PU (Polyurethane) capacity which is otherwise being imported from China. With just one other player manufacturing PU in India, we feel that the company will be able to ramp up its capacity utilisation given a) its rich experience in the industry, b) well entrenched relationships with established brands in both footwear and auto, c) strong financial discipline and d) the Indian buyers were as it is looking for an alternative to China. We believe this capacity will add to...
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2020-03-05 | Mayur Uniquoters Ltd. + | Prabhudas Lilladhar | 218.50 | 218.50 (90.78%) | Not Rated | Management Meeting Update
Prabhudas Lilladhar
Mayur Uniquoters The Peacock will now Dance! Mayur Uniquoters (MUNI) is a leading manufacturer of PVC in India has recently commissioned its PU (Polyurethane) capacity which is otherwise being imported from China. With just one other player manufacturing PU in India, we feel that the company will be able to ramp up its capacity utilisation given a) its rich experience in the industry, b) well entrenched relationships with established brands in both footwear and auto, c) strong financial discipline and d) the Indian buyers were as it is looking for an alternative to China. We believe this capacity will add to...
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2020-02-14 | Mayur Uniquoters Ltd. + | BOB Capital Markets Ltd. | 226.45 | 355.00 | 226.45 (84.08%) | Target met | Buy | |||
2019-08-07 | Mayur Uniquoters Ltd. + | BOB Capital Markets Ltd. | 217.95 | 330.00 | 217.95 (91.26%) | Buy | ||||
2019-06-01 | Mayur Uniquoters Ltd. + | BOB Capital Markets Ltd. | 308.90 | 490.00 | 308.90 (34.95%) | Buy | Mayur Uniquoters (BUY): Dull quarter
BOB Capital Markets Ltd.
Mayur Uniquoters' (MUNI) Q4FY19 revenue declined 8.7% YoY, with volumes down 6.6%. Operating margins fell 357bps YoY to 21.6% due to higher RM cost and other expenses, inducing an EBITDA/PAT decline of 21.6%/18.1% YoY. We cut FY20/FY21 PAT estimates by 6%/4% to build in lower growth and pare our target P/E from 22x to 20x. The stock is likely to remain subdued till PU plant ramp-up (guided to start production from Sep'19)....
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2019-02-28 | Mayur Uniquoters Ltd. + | Edelweiss | 357.70 | 390.00 | 357.70 (16.54%) | Hold | ||||
2018-11-15 | Mayur Uniquoters Ltd. + | Edelweiss | 372.00 | 566.00 | 372.00 (12.06%) | Buy | ||||
2018-08-21 | Mayur Uniquoters Ltd. + | Edelweiss | 416.55 | 653.00 | 416.55 (0.07%) | Buy | ||||
2018-08-21 | Mayur Uniquoters Ltd. + | BOB Capital Markets Ltd. | 416.55 | 595.00 | 416.55 (0.07%) | Buy | Weekly Wrap, Mayur Uniquoters
BOB Capital Markets Ltd.
EM equity markets fell by 4% on the back of currency crisis in Turkey. EM currencies also fell by 1% in the week. Given the correlation between INR and Asian currencies, INR breached 70 to a USD. The slide in EM currencies poses a risk to global growth. For now, global growth indicators were mixed with some moderation in China and Japan. US continued to post stronger growth....
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2018-06-01 | Mayur Uniquoters Ltd. + | Edelweiss | 463.00 | 653.00 | 463.00 (-9.97%) | Buy | ||||
2018-05-04 | Mayur Uniquoters Ltd. + | Emkay | 471.00 | 471.00 (-11.50%) | Not Rated | New capex will fortify competitive advantage We met the management of Mayur Uniquoters (M...
Emkay
MUNI has a 6% share of India's 480mn meter PVC Leather market. Entry into PU Leather will help MUNI to move into a premium product segment, which has better margins. MUNI is the first company to build such a large capacity in PU Leather. The management expects revenue acceleration going ahead, backed by new...
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