Mahalaxmi Rubtech Limited
NSE: MHLXMIRU · Other Textile Products · sector
₹171.00NSE close 2026-10-26
Key numbers
Market cap₹182 cr
Price₹171.00
52w high / low₹245 / ₹106
P/E7.9xSector median 13.7x
P/B2.0xSector median 1.1x
Book value₹85.4
Dividend yield–Sector median 0.51%
ROE29.0%Sector median 5.4%
ROCE30.7%Sector median 7.5%
OPM25.7%Sector median 6.6%
Debt / equity0.13xSector median 0.43x
EV/EBITDA4.9xSector median 9.6x
Interest cover57.3x
Current ratio3.15x
Sales growth 3y-17.6%Sector median +0.6%
Profit growth 3y+55.2%Sector median +1.1%
PEG0.14x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 222 companies in Other Textile Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹44 cr vs borrowings ₹12 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹44 cr → ₹12 cr).
- Operating profit covered interest 57.3x in the last 12 months.
- Operating cash flow was below net profit in 1 of the last 5 years (FY25).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 22% of net profit in the last 12 months.
- Debtor days went from 45 (FY24) to 31 (FY26).
- No dividend in the last 5 financial years.
- Price ₹171.00 on 2026-10-26: -30.1% from the 52-week high, +62.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹282.75 · low ₹131.45
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24 | 25 | 23 | 25 | 30 | 27 | 30 | 32 |
| EBITDA | 5 | 8 | 6 | 7 | 8 | 8 | 7 | 7 |
| OPM % | 23.2% | 30.0% | 27.4% | 26.5% | 25.4% | 29.4% | 25.2% | 23.4% |
| Other income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net profit | 3 | 5 | 5 | 4 | 6 | 6 | 5 | 6 |
| EPS (₹) | 3.29 | 5.10 | 4.34 | 4.18 | 5.53 | 5.69 | 5.11 | 5.43 |
| Revenue YoY | +26.8% | +9.5% | +29.2% | +25.9% | ||||
| Profit YoY | +68.5% | +11.4% | +17.8% | +30.0% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 170 | 200 | 77 | 92 | 112 | 118 |
| EBITDA | 15 | 14 | 18 | 24 | 30 | 30 |
| Net profit | 5 | 6 | 11 | 17 | 22 | 23 |
| EPS (₹) | 4.46 | 5.48 | 10.39 | 15.80 | 20.51 | 21.76 |
| Revenue growth | +17.9% | -61.5% | +19.8% | +21.5% | +22.7% | |
| Profit growth | +7.4% | +89.5% | +52.1% | +29.8% | +28.7% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -17.6% | – | +22.7% |
| Net profit | +55.2% | – | +28.7% |
| EPS | +55.3% | – | – |
| Share price | – | +2.7% (2y) | -25.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 83 | 53 | 69 | 91 |
| Borrowings | – | 44 | 16 | 15 | 12 |
| Cash & equivalents | – | 33 | 22 | 33 | 44 |
| Total assets | – | 188 | 82 | 98 | 115 |
| Fixed assets | – | 59 | 29 | 27 | 32 |
| Capital work in progress | – | 0 | 1 | 2 | 3 |
| Investments | – | 3 | 0 | 0 | 6 |
| Receivables | – | 39 | 9 | 14 | 10 |
| Inventory | – | 44 | 16 | 17 | 17 |
| Payables | – | 52 | 6 | 11 | 9 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 16 | 7 | 17 | 14 | 28 |
| Cash from investing | -12 | 13 | -8 | -9 | -20 |
| Cash from financing | -10 | -11 | -4 | -2 | -4 |
| Capex | 6 | 5 | 3 | 3 | 10 |
| Free cash flow | 10 | 3 | 14 | 11 | 18 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 7.0% | 20.9% | 24.4% | 24.0% |
| ROCE % | – | 9.2% | 23.7% | 27.6% | 29.4% |
| Debtor days | – | 71 | 45 | 56 | 31 |
| Inventory days | – | 148 | 156 | 138 | 110 |
| Payable days | – | 175 | 54 | 92 | 60 |
| Cash conversion cycle (days) | – | 44 | 147 | 102 | 81 |
| Working capital days | – | 55 | 126 | 166 | 165 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 64.80% |
| DIIs | 0.08% |
| of which Mutual funds | 0.07% |
| Public (non-institutions) | 35.12% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 64.80% | 64.80% | 64.80% | 64.80% | 64.80% | 64.80% | 64.80% | 64.80% |
| Promoter group | % |
|---|---|
| Rahul Jeetmal Parekh | 17.30% |
| Anand Jeetmal Parekh | 16.06% |
| Jeetmal Bhoorchand Parekh | 12.14% |
| Kamladevi Jeetmal Parekh | 5.13% |
| Rohan Anand Parekh | 3.92% |
| Ratna Rahul Parekh | 2.42% |
| Rahul Calchem Pvt. | 1.94% |
| Mahalaxmi Calchem Private Ltd | 1.58% |
| Jeetmal Bhoorchand (Huf) | 1.22% |
| Anand Chem Industries Private Limited | 0.89% |
| Heena Agriculture Pvt Ltd | 0.64% |
| Jeetmal Rahulkumar Huf | 0.63% |
| Yashovardhan Rahul Parekh | 0.58% |
| Ashita Mercantile Private | 0.22% |
| Jeetmal Prithviraj Parekh Huf | 0.10% |
| Public holders above 1% | % |
|---|---|
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.53% |
| Dheeraj Kumar Lohia | 1.43% |
| Shanti Kumar Saraogi | 1.18% |
| Kaushik Mayachand Mehta | 1.01% |
6,258 shareholders. Pledged: – of promoter shares.
Peers in Other Textile Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SHRMFGC | ₹77,110 cr | – | – | – | – | – | – | – |
| SIYSIL | ₹43,629 cr | 184.0x | 29.9x | 17.3% | 19.4% | 12.6% | +4.8% | 0.12% |
| KPRMILL | ₹34,532 cr | 37.9x | 6.1x | 17.1% | 19.8% | 19.5% | +2.4% | 0.50% |
| WELSPUNLIV | ₹19,740 cr | 71.8x | 4.0x | 5.7% | 8.0% | 8.7% | +5.1% | 1.06% |
| VTL | ₹14,110 cr | 16.6x | 1.3x | 8.3% | 9.2% | 13.6% | -0.9% | 1.04% |
| TRIDENT | ₹10,513 cr | 26.4x | 2.2x | 8.4% | 10.0% | 12.9% | +1.9% | 2.41% |
| ICIL | ₹7,906 cr | 52.4x | 3.4x | 6.5% | 9.8% | 9.7% | +11.2% | 0.50% |
| GARFIBRES | ₹7,048 cr | 34.0x | 5.2x | 14.6% | 21.4% | 17.7% | +5.4% | 1.33% |
| KUSUMGAR | ₹5,714 cr | – | – | – | – | – | – | – |
| MHLXMIRU | ₹182 cr | 7.9x | 2.0x | 29.0% | 30.7% | 25.7% | -17.6% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-23 | Other | Annual General Meeting |
| 2024-04-19 | Restructuring | Demerger |
| 2023-09-18 | Other | Annual General Meeting |
| 2022-09-22 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Other Textile Products |
| Sub-industry | Other Textile Products |
| Symbol | MHLXMIRU |
| BSE code | 514450 |
| ISIN | INE112D01035 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.