Manufactures PU/PVC synthetic leather, used mainly in automotive upholstery, footwear, marine and furnishing applications. FY26 revenue was INR 967.018 crore, with automotive OEMs — including recently won Ford export platforms — as the largest customer group; exports grew 35.5% YoY with automotive OEM exports up 50% YoY. FY26 consolidated EBITDA margin was 29.96%, supported by an INR 30 crore FX gain from rupee depreciation. The largest input cost is raw materials at 53.8% of revenue, followed by employee cost at 5.9% and other operating expenses at 15.2%. Management guides FY27 export revenue growth at 15-20% and domestic at 8-10%, with export mix targeted at 40-45% of revenue. A new coating line at the existing facility and a global greenfield (likely Mexico) are under execution/evaluation, alongside a smaller PU leather sub-line that generated INR 27.08 crore in FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. PU/PVC Synthetic Leather. Coated synthetic-leather manufacturing; export-oriented, FX-sensitive
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 656 | 776 | 803 | 880 | 967 |
| EBITDA (ex other income) | 126 | 139 | 159 | 191 | 235 |
| margin % | 19.1 | 17.9 | 19.8 | 21.7 | 24.3 |
| Owners' profit | 0 | 104 | 0 | 0 | 0 |
| EPS, as reported (₹) | 21.17 | 23.69 | 27.86 | 34.18 | 44.13 |
| ROE % · ROCE % | 13.3 · 17.2 | 13.8 · 17.4 | 14.1 · 18.3 | 15.6 · 21.0 | 16.9 · 22.7 |
| Debt / equity (x) | 0.04 | 0.03 | 0.02 | 0.01 | 0.01 |
| Cash from operations | 13 | 121 | 113 | 157 | 133 |
| Capex | (48) | (31) | (21) | (19) | (24) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 208 | 208 | 251 | 216 | 240 | 237 | 273 | 269 |
| Profit before tax | 51 | 42 | 57 | 55 | 56 | 67 | 81 | 74 |
| Net profit | 40 | 31 | 42 | 41 | 41 | 51 | 59 | 56 |
| EPS (₹) | 9.09 | 7.05 | 9.54 | 9.37 | 9.40 | 11.68 | 13.68 | 12.92 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MAYUR UNIQUOTERS LTD ◆ | 3,226 | 15.6 | 2.85 | 10.9 | 16.9 | 22.5 | 13.5 | 30.4 |
| BHARTIYA INTERNATIONAL | 1,459 | 56.4 | 2.99 | 16.0 | 2.8 | 7.7 | 19.9 | 10.2 |
| KOTHARI INDUSTRIAL CORP L | 1,431 | 29.7 | 6.19 | — | (31.2) | (12.9) | 71.9 | (11.6) |
| MIRZA INTERNATIONAL LIMIT | 423 | — | 0.75 | 10.4 | (0.1) | (0.0) | (12.9) | 2.9 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · Shareholders reject remuneration for related party executive | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · Senior Management Personnel retires from Mayur Uniquoters after 21 years | management changes | low | — | — |
| 20 Aug 2026 · AGM weblink letter sent to shareholders for FY25-26 annual report | compliance | minimal | — | — |
| 20 Aug 2026 · Mayur Uniquoters announces 33rd AGM on September 18, 2026 via video conferencing | compliance | minimal | — | — |
| 19 Aug 2026 · Mayur Uniquoters submits BRSR for FY 2025-26 with annual report | compliance | low | — | — |
| 19 Aug 2026 · Notice for Mayur Uniquoters 33rd AGM on September 18, 2026 | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Mayur Uniquoters FY26 Annual Report: PAT up 44%, Rs.6 dividend recommended | board shareholder meetings | medium | — | — |
| 11 Aug 2026 · Mayur Uniquoters announces 33rd AGM on September 18, 2026 via video conferencing | compliance | minimal | — | — |
| 10 Aug 2026 · Q1 FY27 earnings call transcript filed with exchanges | investor communications | medium | — | — |
| 8 Aug 2026 · Mayur Uniquoters files postal ballot notice newspaper advertisement | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| SUPERHOUSE LIMITED | 187 | 22.7 | 0.38 | 7.3 | 0.8 | 1.4 | 4.7 | 8.1 |
| SUPER TANNERY LTD. | 111 | 16.6 | 0.96 | 8.7 | 5.8 | 7.2 | 5.3 | 12.7 |
| ZENITH EXPORTS LTD | 111 | 241.2 | 1.32 | — | 2.7 | 3.7 | — | (4.0) |
| ANKA INDIA LTD. | 104 | 154.6 | 3.92 | 63.0 | (1.8) | (0.9) | — | (0.2) |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.6 | 22.7 | 2 of 11 | 90% |
| P/B | 2.9 | 1.3 | 8 of 11 | 30% |
| ROCE | 22.5 | 3.7 | 2 of 13 | 92% |
| ROE | 16.9 | 2.7 | 1 of 13 | 100% |
| Debt / Equity | 0.0 | 0.2 | 4 of 13 | 75% |
| EBITDA margin | 30.4 | 8.1 | 1 of 11 | 100% |
| Revenue growth | 24.7 | 12.4 | 5 of 10 | 56% |
| Profit growth | 37.8 | (11.0) | 6 of 12 | 55% |
| Market cap | 3226 | 111 | 1 of 12 | 100% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
