TickerSutra

NSE: MAYURUNIQ · BSE: 522249 · ISIN INE040D01038

Mayur Uniquoters ltd. stock analysis

Mayur Uniquoters ltd. ranks #225 in the TickerSutra evidence-ranked universe with a score of 69/100 and 95% data confidence. The latest captured fundamentals show ROCE of 24.5%, quarterly sales growth of 24.7% and quarterly profit growth of 37.8%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE69/100

Watchlist candidate

#225 of 5,430 ranked equities
Market capitalisation₹3,220.55cr
ROCE24.5%
Quarterly sales growth24.7%
Quarterly profit growth37.8%
P/E ratio15.6×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • ROCE is 24.5%
  • Low debt/equity of 0.01×
  • Institutional ownership is rising
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • CFO/EBITDA is below 0.6×

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹656cr₹126cr₹94cr19.0%
2023₹776cr₹139cr₹104cr18.0%
2024₹803cr₹159cr₹122cr20.0%
2025₹880cr₹191cr₹149cr22.0%
2026₹967cr₹235cr₹192cr24.0%
TTM₹1,020cr₹251cr₹207cr25.0%
Debt / equity0.01×
CFO / EBITDA0.57×
Operating margin25.0%
Free cash flow₹110cr
Sales CAGR · 3Y7.6%
Profit CAGR · 3Y22.7%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts15 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Market share gainHigh severity · 1 mention
Positive catalyst

But yes, pushing it very aggressively, we haven't done that yet. Sir, The US customers with whom we are expecting wallet share gains. Sir, are we replacing some existing vendor and our share will be more.

Capacity expansion plansHigh severity · 4 mentions
Positive catalyst

During the financial year under review, there is an increase in the profit after tax due to implementation of effective cost savings plans, increase in sales price along with the significant increase in sales in overseas subsidiaries. DIVIDEND Mayur has always endeavored to retain a balance by providing an appropriate return to the shareholders while simultaneously retaining a reasonable portion of the profit to main

Raw material inflationModerate severity · 2 mentions
Negative warning

Raw materials, components and other supplies held for use in the production of finished products are not written down below cost except in cases where material prices have declined and it is estimated that the cost of the finished products will exceed their net realizable value. Work-in-progress and finished goods: Cost includes raw material costs and an appropriate share of fixed production overheads based on normal

Margin expansionModerate severity · 2 mentions
Positive catalyst

Sir, I just wanted to understand that how is the raw material pricing currently versus what it was in Q1? And can we expect the gross margin improvement at least Q-on-Q basis even without the price hike? Management: See, raw material prices based on Q1some items, the prices have softened a little.

Export market updatesModerate severity · 8 mentions
Constructive

In this quarter, the consolidated revenue increased by 25% and PBT and PAT, both increased by 35% and 38%, respectively. Further, our endeavor is to make the company as a preferred supplier for the leading OEMs in overseas market, especially the U.S. And in this context, we have received some good OEM supply orders from U.S.A., which have already started making good contribution to our export sales revenue and overal

Regulatory updatesLow severity · 43 mentions
Watch

Risk: • Water scarcity, declining groundwater levels, and climate change may impact water availability for operations. • Increasing water costs and regulatory requirements may increase operational expenses. • Inefficient water use or inadequate wastewater management may result in environmental impacts, compliance risks, and reputational damage.

Regulatory approvalLow severity · 7 mentions
Watch

Whether your entity’s policy/policies cover each Y Y Y Y Y Y Y Y Y principle and its core elements of the NGRBCs. Has the policy been approved by the Board? Web Link of the Policies, if available www.mayuruniquoters.com/policies.php 2.

Pricing commentaryLow severity · 8 mentions
Watch

But you have to see how the market because, see, the war started, then the war died down also. We initiated requesting for a price increase, the crude prices started coming down, everyone thought when everything will stabilize Mayur Uniquoters Limited August 06, 2026 Page 8 of 15 obviously everything will start coming down. So when I started pressurizing then we put it on hold.

Pricing pressureLow severity · 1 mention
Watch

So then even after this jump 40% of export OEM the gross margin has not improved. So is it like -- I mean, even accounting for raw material price increases, is there anything where we are facing pricing pressure on export OEM market? Management: There are two parts in this.

Debt reductionLow severity · 1 mention
Watch

Capital management The Company’s objectives when managing capital are to: • safeguard their ability to continue as a going concern, so that they can continue to provide returns for shareholders and benefits for other stakeholders, and • maintain an optimal capital structure to reduce the cost of capital. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to share

Institutional interestLow severity · 1 mention
Watch

• The financial results and other relevant information including news releases are also displayed on the website of the Company i.e. www.mayuruniquoters.com • The Company arranges quarterly conference call with Institutional Investors or Analysts. MAYUR UNIQUOTERS LIMITED 33rd ANNUAL REPORT 2025-26 Statutory Reports 60 GENERAL SHAREHOLDER INFORMATION i.

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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