Company Overview

Mohini Health and Hygiene Limited was originally incorporated as a private limited company with the name 'Mohini Fibers Private Limited' at Indore, Madhya Pradesh on June 24, 2009. Subsequently, the Company was converted into a Public Limited Company and its name was changed to 'Mohini Fibers Limited' on February 27, 2015. Further, the Company got listed on Emerge - Institutional Trading Platform of the National Stock Exchange of India Limited on August 12, 2015. Subsequently, the name of the Company was changed to 'Mohini Health and Hygiene Limited' on May 18, 2017. After the withdrawal letter from the National Stock Exchange of India on October 11, 2017, the company was voluntarily delisted.

The company has undergone significant transformation over the years, transitioning from its original focus on textile processing to becoming a specialized health and hygiene products manufacturer. The Company is an ISO 9001 (QMS), ISO 14001 (EMS), and ISO 45001 (OHSAS) certified company and is engaged in the manufacturing and export of absorbent cotton and medical consumable products. The Company has its registered office and manufacturing facilities situated at Pithampur, Madhya Pradesh.

Business Operations

Incorporated in 2009, Mohini Health and Hygiene Ltd operates in the healthcare and hygiene products sector. The Company deals in the processing of raw cotton, trading in cotton yarn and textile fabric, and has diversified into health and hygiene sectors, beauty, hospital disposables, surgical consumables, and baby care. The company leverages its deep expertise in cotton processing to manufacture specialized medical and hygiene products that serve diverse market segments.

Mohini Health & Hygiene Limited is an India-based company engaged in manufacturing health and hygiene products. The Company offers various categories of products, such as beauty and healthcare, medical dressing and wound care, surgical consumables, diagnostic instruments, and rehabilitation devices. They produce 100% Absorbent Bleached Cotton and 100% Absorbent Bleached Comber (both conventional and organic).

The company's strategic diversification from traditional textile processing to healthcare products reflects its ability to adapt to market demands and capitalize on the growing healthcare sector in India. Their manufacturing capabilities span across multiple product categories, positioning them as a comprehensive supplier in the health and hygiene space.

Financial Performance

Mohini Health has a market capitalization of ₹97.0 Crore (down -2.21% in 1 year) with a revenue of ₹190 Crore and a profit of ₹10.4 Crore. The company's financial metrics present a mixed picture of performance. Trailing Twelve Months (TTM) profit after tax for Mohini Health & Hygiene Ltd was ₹11 Crore. The total asset value of Mohini Health & Hygiene Ltd stood at ₹140 Crore as on March 31, 2024.

Key Financial Metrics

- Revenue: ₹190 Crore (FY24)

- Net Profit: ₹10.4 Crore (FY24)

- Total Assets: ₹140 Crore (as of March 31, 2024)

- Market Cap: ₹97.0 Crore (as per data)

- TTM Profit After Tax: ₹11 Crore

The company has delivered a poor sales growth of 9.52% over the past five years. The company has a low return on equity of 8.70% over the last 3 years. These metrics suggest the company faces challenges in accelerating growth and improving profitability efficiency.

Market Position and Valuation

As per Value Research classification, Mohini Health & Hygiene Ltd is a Small Cap company. Its 52-week high is ₹86.9 and its 52-week low is ₹46. The stock has experienced significant volatility, reflecting both market sentiment and company-specific factors.

The P/B ratio of Mohini Health & Hygiene Ltd is 1.17 times as on February 1, 2025, representing a 52% discount to its peers' median range of 2.45 times. The P/E ratio of Mohini Health & Hygiene Ltd is 11.02 times as on February 1, 2025, representing a 77% discount to its peers' median range of 47.26 times. These valuation metrics suggest the stock trades at attractive valuations compared to industry peers.

Shareholding Structure

Promoter holding in Mohini Health & Hygiene Ltd has increased to 64.02% as of September 2024 from 63.28% as of March 2023. The promoters of Mohini Health & Hygiene Ltd are Avnish Bansal and Sarvapriya Nirmalesh Bansal. They collectively own 62.13% of the total equity. The strong promoter holding indicates management confidence and alignment with shareholder interests.

Recent Performance and Returns

Mohini Health & Hygiene Ltd has given a return of 29.2% in the last 3 years. The company's Compound Annual Growth Rate (CAGR) for 5 Years is 27.18%, for 3 Years is 25.78%, for 1 Year is -7.95%, for 6 Months is -29.90%, for 3 Months is 3.67%, and for 1 Month is -1.86%. The long-term returns demonstrate the company's ability to create value despite short-term volatility.

The company operates in the healthcare sector, which continues to experience steady demand driven by increasing health awareness and expanding medical infrastructure in India. Their focus on absorbent cotton products and medical consumables positions them well to benefit from the growing healthcare market. However, the company needs to address growth acceleration and operational efficiency to maximize its potential in this expanding sector.