Mayur Uniquoters Ltd (MAYURUNIQ) — share price & stock analysis

Market cap

₹3,700 Cr

P/E

19.3×

ROE

18.4%

vs own 10-yr valuation

49th pctile

Book value / share

₹261

EPS (TTM)

₹44.1

10-yr median P/E

19.3×

Revenue (FY26)

₹967 Cr

Profit after tax (FY26)

₹192 Cr

Weinstein stage

Stage 2 (13 weeks)

Data as of

1 July 2026

5 of the 6 things we track are currently moving the right way — nearly everything is pulling in the same direction.

Where the levels actually stand: ROCE 25% — a high-quality engine; effectively no debt; margins mid-band. Momentum says which way things are moving; these say where they are.

Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double, and a quarter of the score comes from our earnings-recovery lens (is the profit cycle turning up off its trough?).

The business grew faster than the stock

Since Jun 2016, earnings per share grew 164% while the stock is up 100%. The business has outrun its own share price.pricettm_eps

When profits grow faster than the price, the stock quietly gets cheaper while doing better — the market hasn’t fully caught up.

Today’s P/E of 19.3× is the middle of its own range against its own 10-year history (49th percentile) — neither a bargain nor a stretch, by its own standards.pe_ratio

Price is the weekly close (₹). EPS is trailing-twelve-month profit per share, anchored on Screener's own snapshots; between snapshots it is filled from price ÷ P/E (an exact identity), and any fill straying more than 18% from the neighbouring snapshots is dropped rather than shown. The lower panel is the P/E — what the market pays per rupee of profit; the dotted line is its long-run median (19.3×).

Stage 2: the trend is up, and has been for 13 weeks

Price trends have a life cycle: they base (1), advance (2), top out (3) and decline (4). This chart is in Stage 2: advancing — 13 weeks so far, confirmed.stage

The price sits above its rising 200-day average (₹600 today) and its strength against the index is still improving — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200

Beating NIFTY 500 for 27 weeks — relative strength is the market’s live opinion, and right now it is on this stock’s side.rs_mansfield

What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200

Up in 8 of 10 years — the long arc of a compounder

Over 10 years, sales went from ₹491 Cr to ₹967 Cr (about 7% a year), and profit from ₹77.0 Cr to ₹192 Cr.revenuenet_profit

Margins gave up 2.4 points along the way — growth bought at a price.operating_profit

Sales grew 9% last quarter — growth every single quarter for over 2 years

Mar 26 sales were ₹273 Cr, up 9% on the same quarter last year.revenue

That makes 9 quarters of growth in a row — this is a trend, not a blip.revenue

Margins are widening — 21% → 31% in a year

Of every ₹100 of sales, the company keeps ₹31.4 as operating profit (a year ago it kept ₹21.2).opm_pct

Zoom out and this is the page's quiet hero: annual operating margin bottomed at 17.9% in FY23 and has been rebuilt to 24.3% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit

The gross margin moved the same way (40% → 50%), so this is about input costs and pricing power — the raw-material equation improved.gpm_pctopm_pct

Profit exploded 41% — mostly from keeping more of each sale

Mar 26 profit after tax was ₹59.0 Cr, up 41% year on year.net_profit

Most of the profit becomes cash — but not all

Over the last 5 profitable years, the business reported ₹661 Cr of profit and collected ₹537 Cr of operating cash — about 81% conversion.operating_cash_flownet_profit

The wrinkle is the latest year: FY26 collected ₹133 Cr against ₹192 Cr of reported profit — about 69%. One year isn’t a trend, but it is the line to watch.operating_cash_flownet_profit

The gap sits in receivables: customers now take 79 days to pay, up from 76. Profit booked, cash pending.debtor_days

The cash cycle is stretching — more money stuck in the pipeline

One rupee now takes about 197 days to go out the door as materials and come back as collected cash — up from 177 days the year before.cash_conversion_cycle

The biggest mover: inventory sitting longer in the warehouse (144 → 170 days).inventory_days

Steady, unhurried investment

The productive asset base has gone from ₹135 Cr (FY16) to ₹213 Cr, with another ₹3.0 Cr of capacity under construction right now.fixed_assetscwip

The build is self-funded: the last 3 years' investing outflow (₹261 Cr) fits inside the operating cash the business generated (₹403 Cr).investing_cash_flowoperating_cash_flow

Almost no debt — this company cannot be killed by a bad year

For every ₹100 shareholders have put in (and left in), the company has borrowed ₹1 — total borrowings have shrunk from ₹26.0 Cr to ₹8.0 Cr over the window.borrowings

Every ₹100 kept in the business now earns ₹25 — and the number is rising

Return on capital employed is 25.0% (a year ago: 22.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct

Rising returns on capital while growing is the rarest combination in investing — it means the new projects earn more than the old ones.roce_pct

The owners aren’t moving

Promoters hold 58.8%, essentially unchanged. Foreign funds own 3.7%, domestic funds 3.6%.promoters_pctfiis_pctdiis_pct

Meanwhile domestic funds have been the sellers — from 9.4% to 3.6% over the window. Someone on the other side of the table disagrees; both sides count.diis_pct

Strong on the data — worth the deeper look if the story keeps its promises

The numbers lean positive, and the price hasn’t fully caught up with the improvement.

Best thing in the data: margins rising (21.1% → 31.5%).operating_profit

Biggest worry: free cash flow falling (₹89.0 Cr → ₹18.0 Cr).operating_cash_flow

Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.

Straight answers from the data