In , Mayur Uniquoters Ltd (Plastics - Plastic & Plastic Products) is outperforming Nifty 500 with +10.7% relative strength. Fundamentals: Strong. On a 12-week streak.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Earnings deceleration risks from management commentary
Trigger: India's export competitiveness depends on tariff-free or low-tariff access to US and Europe; if Trump-era tariffs expand to India specifically, Mayur's US OEM export economics would change materially
Monitor: geopolitical
Trigger: China's PU leather manufacturers are dumping at below-cost prices to gain market share; this compresses Mayur's PU segment margins to unviable levels; the new Morena PU plant (5 Mn LM capacity) remains underutilized
Monitor: geopolitical
Trigger: PVC resin, plasticizers, and imported yarn are key raw materials; any global commodity price spike or INR depreciation raises costs simultaneously while pass-through lags by 1-2 quarters
Monitor: commodity
Trigger: FX gains boosted Q3 FY26 other income; if INR reverses to ₹85/$ range, FX tailwind disappears and export competitiveness improves for Indian costs vs USD revenues — net effect is mixed
Monitor: fx
Key quotes from recent conference calls
“Potential for future tariffs in US/Mexico/Europe; management is mitigating this by evaluating an overseas manufacturing facility. There is no immediate impact from Mexico tariffs. For the long term, an overseas plant is being considered to hedge against deglobalization [Risk (geopolitical): MEDIUM]”
“The PU segment is heavily impacted by 'cheap imports' and price manipulation from China, hindering rapid capacity ramp-up. It is difficult to comment due to cheap Chinese imports and market conditions. Management will not provide a timeline until firm supply agreements are in hand [Risk (geopolitical): HIGH]”
“Raw Material Volatility — Plasticizer and yarn prices are trending upwards; while partially indexed, sudden spikes can pressure margins before pass-throughs occur. While currently benefitting from a weaker Rupee (₹92/$ levels), the company imports 60-65% of raw materials [Risk (commodity): MEDIUM]”
“50% of other income was realized foreign exchange gains (booked, not notional) due to the dollar moving toward ₹92, with the remainder coming from treasury investment income [Risk (fx): LOW]”
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +14% | +10% | Stable |
| PAT (Net Profit) | +65% | +17% | Stable |
| OPM | 23.0% | +100 bps | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 30, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Mayur Uniquoters Ltd's latest quarterly results (Dec 2025) show
Mayur Uniquoters Ltd's profit is growing with an stable trend.
Mayur Uniquoters Ltd's revenue growth trend is stable.
Mayur Uniquoters Ltd's operating margin is stable.
Mayur Uniquoters Ltd's long-term compounding rates
Mayur Uniquoters Ltd's earnings growth is stable with improving on a sequential basis.
Mayur Uniquoters Ltd's trailing twelve month (TTM) performance
Mayur Uniquoters Ltd appears significantly undervalued based on our fair value analysis.
Mayur Uniquoters Ltd's current PE ratio is 15.7x.
Mayur Uniquoters Ltd's current PE is 15.7x.
Mayur Uniquoters Ltd's price-to-book ratio is 2.7x.
Mayur Uniquoters Ltd is rated Strong with a fundamental score of 75.67/100. This score is calculated from objective financial metrics
Mayur Uniquoters Ltd has a debt-to-equity ratio of N/A.
Mayur Uniquoters Ltd's return ratios over recent years
Mayur Uniquoters Ltd's operating cash flow is positive (FY2025).
Mayur Uniquoters Ltd's current dividend yield is 0.79%.
Mayur Uniquoters Ltd's shareholding pattern (Mar 2026)
Mayur Uniquoters Ltd's promoter holding has increased recently.
Mayur Uniquoters Ltd has been outperforming Nifty 500 for 12 consecutive weeks, indicating strong sustained outperformance.
Mayur Uniquoters Ltd is an established outperformer with 12 weeks of consecutive Nifty 500 outperformance.
Mayur Uniquoters Ltd has 4 key risks worth monitoring
In Q3 FY26, Mayur Uniquoters Ltd's management highlighted
Based on quantitative research signals, here is why Mayur Uniquoters Ltd may be worth studying
Mayur Uniquoters Ltd investment thesis summary:
Mayur Uniquoters Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
