Update on Mayur Uniquoters:
Business Segments: Footwear continues to drag the business in terms of revenue and margins. However, MUL is trying to focus more on the profitable segments: Auto OEMs (Domestic & Exports) for growth & profitability. (source: May 2024 concall transcript)
Revenue: Qtrly revenue breached 200 Cr mark for the first time in Mar-24 (as per screener). Management guidance for growth is 20% to 25% for Auto OEM Export and 10% to 15% is for Domestic.
Margins: Margins continue to be near 20%, and management does not expect it to go back to 25% to 27% level which was achieved around 2016-1018. (source: May 2024 concall transcript)
Chart:
Stock has broken out of long consolidation with high volume and this new-found momentum is expected to continue if the subsequent quarter performance supports the move.
Disclaimer: I have no position in this stock. My posts are for my own learning purpose and are not recommendations to Buy, Hold or Sell. DYOR.
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