Mohit Industries Ltd.
Snapshot View

19.05 -1.15 ▼-5.7%

25 May 2022, 04:01:00 PM
Volume: 4,972

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile Compare with Industry peers
Website http://www.mohitindustries.com
Market Cap 26.97 Cr.
Enterprise Value(EV) 81.94 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 1.59 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 11.96 Trailing Twelve Months Ending 2021-12
Industry PE 19.50 Trailing Twelve Months Ending 2021-12
Book Value / Share 38.34 Trailing Twelve Months Ending 2021-12
Price to Book Value 0.50 Calculated using Price: 19.05
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 1.42 Cr. 14,157,575 Shares
FaceValue 10
Company Profile

Mohit Industries ( MIL ) was incorporated in the year 1991, promoted by Narayan Saboo and Sitaram Saboo and was formerly known as Mohit Fibers. MIL was incorporated in the the year 1991. It is engaged in manufacturing of texturised yarn and art silk grey fabrics having manufacturing facilities at Kim and Sivassa with acapacity to manufacture 18,000 Metric Tonnes of texturised yarns and 12.5 million metres of art silk grey cloth.

The Company started its commercial activities with Yarn trading and ventured in to manufacturing activities in 1993 with installation of 28 Power looms and High-speed Twisting machines.

1996 witnessed expansion and diversification of Mohit Industries with installation of 2 Texturising machines and 36 Power looms at its Kim unit. Company went for Public Issue during January 1996. In March 1996, the company started one more unit at Silvassa with 1 Texturising machine and added one more Texturising machine in March 2000.

2 more Texturising machines were installed at Silvassa during July 2004 and February 2005. The Company has also upgraded its weaving machineries and installed 28 jacquard machines. Further it has also upgraded its Twisting machineries by installing 10 advanced TFO machines.

With the flourishing expansion and up gradation, the company presently includes 12 Texturising machines, 144 looms, 100 Shuttle less waterjet looms and 27 TFO machines with a production capacity of 18,000 MT of Texturised Yarn and 12.5 million meters of Art Silk Cloth.

Over the period of last 15 years the company has successfully transformed from a family run business to a professionally managed organization. MIL follows a very strict quality control norm on all its procurements, manufacturing and designs. Each product has to pass through a number of quality check resulting reduced rejections and greater cost savings.

Product range of the company includes:

  • AAC Blocks Project- AAC means Autoclaved Aerated Concrete Blocks, kind of building material, normally used in major commercial building projects. The company has studied its viability and feasibility and decided to launch the project in consultation and collaboration with parties of China.
  • Textile- With the continued expansion and upgradation, the company is presently having 12 Texturising machines.
  • Yarn- The products of the company are well accepted in the market and it is leading and well known in the yarn market.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-5.69%
1 Week
-11.60%
1 Month
-16.81%
3 Month
+10.43%
6 Month
+71.31%
1 Year
+136.06%
2 Year
+491.61%
5 Year
-52.73%
10 Year
-42.79%
6 years 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 7.46 4.24 0.60 1.34 0.74 1.56
Return on Capital Employed (%) 10.98 8.61 6.92 8.29 8.44 7.11
Return on Assets (%) 2.02 1.44 0.26 0.54 0.25 0.66

Balance Sheet View Details

Particulars 7 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 29 50 68 35 33 54 54
Non Curr. Liab. 17 18 15 11 10 15 13
Curr. Liab. 62 56 60 64 50 44 61
Minority Int.
Equity & Liab. 107 124 143 110 93 112 129
Non Curr. Assets 40 62 75 39 34 51 52
Curr. Assets 67 63 67 71 60 61 77
Misc. Exp. not W/O
Total Assets 107 124 143 110 93 112 129

Profit Loss View Details

Particulars 7 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 136 154 158 191 175 150 183
Other Income 1 2 2 4 3 2 2
Total Income 138 155 160 195 178 151 185
Total Expenditure -124 -142 -147 -182 -167 -142 -175
PBIDT 14 13 13 13 11 9 10
Interest -7 -7 -8 -9 -7 -6 -5
Depreciation -4 -4 -4 -4 -3 -2 -2
Taxation -1 0 -1 0 0 0 0
Exceptional Items 0 0 0 0 0
PAT 2 2 0 1 0 1 2
Minority Interest
Share Associate 0 0 0 0 0 0
Other Related Items
Consolidated Net Profit 2 2 0 1 0 1 2
Adjusted EPS 2 1 0 1 0 0 2

Cash Flow View Details

Particulars 6 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 3 2 2 14 9 2
Cash Fr. Inv. -7 -6 -3 -7 0 0
Cash Fr. Finan. 4 4 1 -7 -8 -2
Net Change 0 0 0 0 0 0
Cash & Cash Eqvt 0 1 0 0 1 0

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 51.88 51.88 52.40 52.71 54.10 54.10 54.32 54.32 54.32
Public 48.12 48.12 47.60 47.29 45.90 45.90 45.68 45.68 45.68
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 25 May 2022
Compliances-Reg.24(A)-Annual Secretarial Compliance
With reference to the above please find enclosed herewith the Annual Secretarial Compliance Report of the Company MOHIT INDUSTRIES LIMITED for the period ended 31st March 2022 as received from Dhiren R. Dave & Co Practicing Company Secretaries Surat.You are kindly requested to acknowledge and update the same on your records.
Tue, 24 May 2022
Intimation Regarding Change Of Name Of Secretarial Auditor Of The Company
This is to inform you that we are in receipt of an intimation from our Secretarial Auditor vide their letter dated May 23 2022 intimating change of its name from Dhiren R. Dave Company Secretary to Dhiren R. Dave & Co. Company Secretaries for the Financial Year 2021-22 with immediate effect. The address and other contact details of the Secretarial Auditor remain unchanged and the same are enclosed in Annexure -1 for ready reference.This is for information and record.
Thu, 19 May 2022
Board Meeting Intimation for Intimation Of Notice Of Board Meeting To Be Held On 27Th May 2022.
MOHIT INDUSTRIES LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/05/2022 inter alia to consider and approve Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 we would like to inform you that Meeting of the Board of Directors of the Company will be held on Friday 27th May 2022 at 12:30 PM at the registered office of the Company situated at 601 B A Wing International Trade Centre Ring Road Majura Gate Crossing Surat Gujarat 395002 inter alia to consider and approve following:1) The Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended 31st March 2022.As already informed through earlier letter dated 30st March 2022 relating to Trading Window closure for all the Board Members Promoters all connected persons / designated persons of the Company from 1st April 2022 and it shall reopen after 48 hours from the declaration of the audited financial results of the Company for the quarter and year ending March 31 2022.

Technical Scans View Details

Wed, 25 May 2022
Close Crossing Last Week Low Close Crossing Last Week Low
Opening at High Opening at High
Closing Below Previous Low Closing Below Previous Low
High Decrease 1 Month High Decrease 1 Month
High Increase 3 Months High Increase 3 Months

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Page Industries Ltd. 46,236.66 41,453.45 -3.5%
Trident Ltd. 23,263.04 45.65 -3.4%
Vedant Fashions Ltd. 23,257.02 958.25 -1.1%
K.P.R. Mill Ltd. 19,685.07 575.90 0.0%
Alok Industries Ltd. 10,551.14 21.25 -4.5%
Lakshmi Machine Works Ltd. 9,486.50 8,880.00 +3.8%
Vardhman Textiles Ltd. 8,564.29 296.40 -8.5%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Page Industries Ltd. Standalone 2021-12 100.17 41,453.45 -3.5%
Trident Ltd. Consolidated 2021-12 31.91 45.65 -3.4%
Vedant Fashions Ltd. Consolidated 2022-03 73.85 958.25 -1.1%
K.P.R. Mill Ltd. Consolidated 2022-03 23.38 575.90 0.0%
Alok Industries Ltd. Consolidated 2022-03 0.00 21.25 -4.5%
Lakshmi Machine Works Ltd. Consolidated 2022-03 52.40 8,880.00 +3.8%
Vardhman Textiles Ltd. Consolidated 2022-03 5.54 296.40 -8.5%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Page Industries Ltd. Standalone 2021-12 39.33 41,453.45 -3.5%
Trident Ltd. Consolidated 2021-12 6.12 45.65 -3.4%
Vedant Fashions Ltd. Consolidated 2022-03 21.48 958.25 -1.1%
K.P.R. Mill Ltd. Consolidated 2022-03 6.18 575.90 0.0%
Alok Industries Ltd. Consolidated 2022-03 -0.59 21.25 -4.5%
Lakshmi Machine Works Ltd. Consolidated 2022-03 4.77 8,880.00 +3.8%
Vardhman Textiles Ltd. Consolidated 2022-03 1.11 296.40 -8.5%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Page Industries Ltd. Standalone 2021-03 0.00 41,453.45 -3.5%
Trident Ltd. Consolidated 2021-03 0.46 45.65 -3.4%
Vedant Fashions Ltd. Consolidated 2021-03 0.00 958.25 -1.1%
K.P.R. Mill Ltd. Consolidated 2021-03 0.28 575.90 0.0%
Alok Industries Ltd. Consolidated 2021-03 -1.37 21.25 -4.5%
Lakshmi Machine Works Ltd. Consolidated 2021-03 0.00 8,880.00 +3.8%
Vardhman Textiles Ltd. Consolidated 2021-03 0.33 296.40 -8.5%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Page Industries Ltd. Standalone 2021-03 39.96 41,453.45 -3.5%
Trident Ltd. Consolidated 2021-03 9.57 45.65 -3.4%
Vedant Fashions Ltd. Consolidated 2021-03 12.32 958.25 -1.1%
K.P.R. Mill Ltd. Consolidated 2021-03 24.44 575.90 0.0%
Alok Industries Ltd. Consolidated 2021-03 0.00 21.25 -4.5%
Lakshmi Machine Works Ltd. Consolidated 2021-03 2.59 8,880.00 +3.8%
Vardhman Textiles Ltd. Consolidated 2021-03 6.44 296.40 -8.5%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Page Industries Ltd. Standalone 2021-03 39.96 41,453.45 -3.5%
Trident Ltd. Consolidated 2021-03 9.57 45.65 -3.4%
Vedant Fashions Ltd. Consolidated 2021-03 12.32 958.25 -1.1%
K.P.R. Mill Ltd. Consolidated 2021-03 24.44 575.90 0.0%
Alok Industries Ltd. Consolidated 2021-03 0.00 21.25 -4.5%
Lakshmi Machine Works Ltd. Consolidated 2021-03 2.59 8,880.00 +3.8%
Vardhman Textiles Ltd. Consolidated 2021-03 6.44 296.40 -8.5%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Page Industries Ltd. Standalone 2021-03 2,832.96 41,453.45 -3.5%
Trident Ltd. Consolidated 2021-03 4,530.62 45.65 -3.4%
Vedant Fashions Ltd. Consolidated 2021-03 564.82 958.25 -1.1%
K.P.R. Mill Ltd. Consolidated 2021-03 3,530.15 575.90 0.0%
Alok Industries Ltd. Consolidated 2021-03 3,885.20 21.25 -4.5%
Lakshmi Machine Works Ltd. Consolidated 2021-03 1,727.38 8,880.00 +3.8%
Vardhman Textiles Ltd. Consolidated 2021-03 6,139.87 296.40 -8.5%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Page Industries Ltd. Standalone 2021-03 340.58 41,453.45 -3.5%
Trident Ltd. Consolidated 2021-03 303.80 45.65 -3.4%
Vedant Fashions Ltd. Consolidated 2021-03 132.90 958.25 -1.1%
K.P.R. Mill Ltd. Consolidated 2021-03 515.26 575.90 0.0%
Alok Industries Ltd. Consolidated 2021-03 -5,672.28 21.25 -4.5%
Lakshmi Machine Works Ltd. Consolidated 2021-03 44.60 8,880.00 +3.8%
Vardhman Textiles Ltd. Consolidated 2021-03 401.84 296.40 -8.5%