MHLXMIRU

Mahalaxmi Rubtech Limited

Offset printing blankets and technical coated fabrics manufacturer

Consumer Discretionary›Textiles›Textiles & Apparels›Other Textile Products

mrtglobal.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹179.11
Market cap
190 Cr
Stock P/E
8.2
P/B
2.10
ROE (FY23)
9.7%
ROCE (FY23)
11.1%
Operating margin (FY23)
3.8%
Debt / equity (FY23)
0.64
OCF / EBITDA (FY26)
93.2%
OCF / EBITDA (3Y)
80.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Mahalaxmi Rubtech (MRT) is an Ahmedabad-based manufacturer of offset printing blankets and technical coated fabrics, the two product lines it names on every exchange filing.

Company snapshot

61stBy market cap

Ranked among 100 companies in Other Textile Products.

Segment mix

Reportable segments as of 2023-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 73.4% of revenue

SegmentRevenue shareRevenuePBTAssets
Polymer based Technical Textile & Rubber
26.6%
20 Cr3 Cr77 Cr
Traditional Textile
73.4%
55 Cr0.87 Cr145 Cr

What we see

Positives
  • ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales53 Cr49 Cr21 Cr21 Cr24 Cr25 Cr23 Cr25 Cr30 Cr27 Cr30 Cr32 Cr
Operating expenses (approx.)49 Cr45 Cr14 Cr16 Cr18 Cr18 Cr17 Cr18 Cr22 Cr19 Cr22 Cr24 Cr
EBITDA4 Cr4 Cr7 Cr5 Cr5 Cr7 Cr6 Cr7 Cr8 Cr8 Cr7 Cr7 Cr
OPM %7.8%8.8%32.6%23.3%23.2%30.0%27.4%26.5%25.4%29.3%25.2%23.4%
Other income2 Cr0.50 Cr0.40 Cr0.41 Cr0.53 Cr0.88 Cr0.87 Cr0.63 Cr1 Cr1 Cr1 Cr1 Cr
Interest0.89 Cr0.73 Cr0.47 Cr0.33 Cr0.22 Cr0.25 Cr0.27 Cr0.20 Cr0.14 Cr0.13 Cr0.19 Cr0.09 Cr
Depreciation2 Cr2 Cr0.84 Cr0.96 Cr0.97 Cr0.90 Cr0.92 Cr0.83 Cr0.85 Cr0.97 Cr1 Cr1 Cr
Profit before tax3 Cr2 Cr6 Cr4 Cr5 Cr7 Cr6 Cr6 Cr8 Cr8 Cr7 Cr8 Cr
Tax %24.8%23.4%34.5%17.1%27.4%25.1%22.5%28.7%23.5%26.1%26.0%24.7%
Net profit2 Cr2 Cr4 Cr3 Cr3 Cr5 Cr5 Cr4 Cr6 Cr6 Cr5 Cr6 Cr
EPS (₹)₹2.07₹1.50₹3.64₹3.07₹3.29₹5.10₹4.34₹4.18₹5.53₹5.69₹5.11₹5.43

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales203 Cr228 Cr185 Cr180 Cr137 Cr170 Cr200 Cr77 Cr92 Cr112 CrSign in free for the trailing twelve months
Operating expenses (approx.)188 Cr214 Cr169 Cr163 Cr119 Cr155 Cr186 Cr59 Cr68 Cr82 CrSign in free for the trailing twelve months
EBITDA14 Cr13 Cr15 Cr16 Cr18 Cr15 Cr14 Cr18 Cr24 Cr30 CrSign in free for the trailing twelve months
OPM %7.1%5.9%8.4%9.2%12.9%8.8%7.2%23.8%26.1%26.5%Sign in free for the trailing twelve months
Other income0.39 Cr2 Cr2 Cr1 Cr3 Cr4 Cr6 Cr2 Cr3 Cr4 CrSign in free for the trailing twelve months
Interest2 Cr2 Cr2 Cr2 Cr3 Cr4 Cr4 Cr2 Cr1 Cr0.66 CrSign in free for the trailing twelve months
Depreciation8 Cr8 Cr9 Cr10 Cr9 Cr8 Cr8 Cr4 Cr4 Cr4 CrSign in free for the trailing twelve months
Profit before tax5 Cr6 Cr6 Cr6 Cr8 Cr7 Cr7 Cr15 Cr22 Cr29 CrSign in free for the trailing twelve months
Tax %32.5%32.5%19.8%22.6%22.2%24.6%20.4%25.4%23.5%26.0%Sign in free for the trailing twelve months
Net profit3 Cr4 Cr5 Cr5 Cr6 Cr5 Cr6 Cr11 Cr17 Cr22 CrSign in free for the trailing twelve months
EPS (₹)₹3.79₹3.54₹3.74₹3.62₹4.58₹4.46₹5.48₹10.39₹15.80₹20.51Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital10 Cr11 Cr13 Cr13 Cr13 Cr11 Cr11 Cr11 Cr11 Cr11 Cr
Reserves53 Cr61 Cr70 Cr75 Cr81 Cr66 Cr72 Cr42 Cr58 Cr80 Cr
Borrowings33 Cr34 Cr31 Cr27 Cr30 Cr51 Cr44 Cr16 Cr15 Cr12 Cr
Other liabilities52 Cr62 Cr57 Cr60 Cr49 Cr53 Cr61 Cr13 Cr15 Cr13 Cr
Total liabilities148 Cr168 Cr172 Cr175 Cr173 Cr180 Cr188 Cr82 Cr98 Cr115 Cr
Fixed assets (net)60 Cr64 Cr64 Cr69 Cr65 Cr62 Cr59 Cr29 Cr27 Cr32 Cr
CWIP1 Cr4 Cr2 Cr0 Cr—0.77 Cr0.35 Cr0.83 Cr2 Cr3 Cr
Investments0.11 Cr0.17 Cr0.16 Cr0.36 Cr0.34 Cr3 Cr3 Cr0.24 Cr0.26 Cr6 Cr
Loans & advances———0.80 Cr3 Cr5 Cr2 Cr0 Cr0 Cr0 Cr
Inventories31 Cr33 Cr35 Cr34 Cr28 Cr34 Cr44 Cr16 Cr17 Cr17 Cr
Trade receivables38 Cr41 Cr37 Cr36 Cr30 Cr29 Cr39 Cr9 Cr14 Cr10 Cr
Cash & bank0.70 Cr0.20 Cr6 Cr6 Cr7 Cr0.44 Cr10 Cr9 Cr12 Cr16 Cr
Other assets18 Cr25 Cr27 Cr29 Cr41 Cr45 Cr30 Cr17 Cr26 Cr32 Cr
Total assets148 Cr168 Cr172 Cr175 Cr173 Cr180 Cr188 Cr82 Cr98 Cr115 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity5 Cr13 Cr11 Cr23 Cr14 Cr16 Cr7 Cr17 Cr14 Cr28 Cr
Cash from investing-5 Cr-18 Cr-6 Cr-12 Cr-15 Cr-12 Cr13 Cr-8 Cr-9 Cr-20 Cr
Cash from financing3 Cr5 Cr2 Cr-6 Cr0.85 Cr-10 Cr-11 Cr-4 Cr-2 Cr-4 Cr
Net cash flow2 Cr0.07 Cr8 Cr5 Cr0.26 Cr-6 Cr10 Cr5 Cr3 Cr4 Cr
Free cash flow (OCF − Capex)-0.48 Cr-5 Cr4 Cr10 Cr10 Cr10 Cr3 Cr14 Cr11 Cr18 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
ROCE %6.9%6.8%7.3%6.6%8.8%10.5%11.1%
ROE %5.4%5.3%6.0%5.2%6.4%9.8%9.7%
Debtor days67661273796866
Inventory days9183127127153137126
Days payable117112149159167166141
Cash conversion cycle4236-1041654051
OCF / EBITDA %32.8%97.4%—142.9%93.4%47.3%32.6%
OCF / EBITDA % (3 years)—————93.2%57.2%
Debt / equity0.530.470.380.300.320.700.64
Current ratio1.291.301.401.401.621.361.32
Net debt / EBITDA2.282.471.161.241.333.022.45