Mayur Uniquoters Share Price Target Forecast 2022, 2023, 2025, 2030

13 DECEMBER 2021

Sharekhan recommends buying Mayur Uniquoters with a target price of Rs 737.

Mayur Uniquoters is a positive stock, with Sharekhan recommending a buy rating and a target price of Rs 737 in a research report dated December 10, 2021.

Mayur Uniquoters Research Report by Sharekhan

MUL is predicted to profit from the alleviation of the chip scarcity crisis, as the output of its important clients is expected to increase in the future. The prognosis remains good, thanks to a strong order book and the commissioning of the new PU facility. With a P/E multiple of 18.3x and an EV/EBITDA multiple of 11.7x, the stock is trading below its historical average multiples.

Outlook

Mayur Uniquoters Limited (MUL) remains a Buy with a revised PT of Rs. 737, owing to a recovery in the automotive segment, an improving footwear business outlook, and increased margins.

Moneycontrol.com is the source for this information.


12 NOVEMBER 2021

Mayur Uniquoter Standalone Net Sales in September 2021 were Rs 187.72 crore, up 69.73 percent from the previous year. Y-o-Y

Mayur Uniquoters reported Standalone quarterly numbers of Rs 187.72 crore in September 2021, up 69.73 percent from Rs 110.60 crore in September 2020.

In September 2021, quarterly net profit was Rs. 24.94 crore, increasing 72.99 percent from Rs. 14.42 crore in September 2020.

In September 2021, EBITDA was Rs. 38.80 crore, increasing 56.7 percent from Rs. 24.76 crore in September 2020.

The EPS of Mayur Uniquoter grew from Rs. 3.18 in September 2020 to Rs. 5.59 in September 2021.

Mayur Uniquoter’s stock ended at 452.10 on November 11, 2021 (NSE) and has returned 0.76 percent in the previous six months and 70.09 percent in the last year.

Moneycontrol.com is the source for this information.


4 October, 2021

Mayur Uniquoters’ bank facilities have been reaffirmed by CARE.

CARE Ratings Agency has rated for bank facilities of Rs165.04 crore, according to Mayur Uniquoters Ltd. The long-term rating of CARE AA with a Stable outlook has been reaffirmed.

CARE A1+ has also been confirmed for short-term ratings.

Mayur Uniquoters Limited (MULbank )’s facilities continue to benefit from its promoter’s almost four decades of experience in the artificial leather sector, as evidenced by the ratings accorded to it. On the BSE, Mayur Uniquoters closed the day at Rs464.90 apiece, up Rs3.85 or 0.84 percent. The company’s current market capitalization is Rs2,055.25 crore.

Indiainfoline.com is the source for this information.


17 February 2021

Mayur Uniquoters increases gears, boosting topline with supply orders from Mercedes, BMW, and Volkswagen.

Mayur Uniquoters has increased by about 60% in the last month. The manufacturer of synthetic leather accessory items for automakers reported a 100 percent growth in revenue for the industry. The company’s third-quarter performance was equally impressive, with profits increasing by more than 50% and margins widening dramatically.

“Compared to last year’s quarter with this year’s quarter, the rise is more than 100 percent because automotive is performing amazing,” Suresh Kumar Poddar, CMD & CEO of the firm, said in an interview with CNBC-TV18.

“We supply Chrysler and Ford in America, and there was a 28 percent increase there as well.” General export is also quite good, with a rate of more than 40%. Next, we’ll perform well in terms of OEM; BMW will begin in 2000-23, Mercedes has begun, and now that we’ve received clearance from Volkswagen India, the company will begin in the next 2-3 months, with a decent volume of over 40,000 metres per month,” he stated.

“Raw material prices are growing, therefore we have accepted a price increase in this quarter,” Poddar said of the price hike. However, it is not simply an increase in pricing that is driving sales growth; it is also an increase in volume.”

CNBCTV18.com is the source of this information.


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