Mayur Uniquoters Limited is an India-based manufacturer of artificial leather, headquartered in Jaipur, Rajasthan. Incorporated in September 1992, the Company is primarily engaged in the manufacturing and sale of coated textile fabrics, artificial leather, and polyvinyl chloride (PVC) vinyl. These products are extensively used across various segments, including footwear, furnishings, automotive original equipment manufacturers (OEMs), the automotive replacement market, and automotive exports. The company operates through a single segment: manufacturing and sale of PU/PVC Synthetic Leather.
Mayur Uniquoters holds the largest capacity for manufacturing synthetic leather in the domestic organized segment. Its annual production capacity stands at 48.60 Million linear meters of PVC coated fabric and 5.00 Million Linear meters of PU coated fabric, solidifying its position as a market leader.
The company boasts a diverse product portfolio, manufacturing over 400 variants of artificial leather from PVC-coated and PU-coated fabric. These find applications in a wide range of industries such as footwear (shoe uppers, lining, insoles), automotive (seats, door trims, steering wheel covers, gear boot and knob covers, roof lining, sun visors, hoods), furniture & fashion items, and other leather goods.
Mayur Uniquoters also engages in the retail furnishing business under the brand name "Texture and Hues" through its wholly-owned subsidiary, Mayur Tecfab. The company has established a strong presence not only in the Indian domestic market but also internationally, with operations extending to Europe and the United States via its subsidiaries.
Mayur Uniquoters has demonstrated robust financial performance and consistent growth.
Q4 FY2024-25 Performance:
- Net profit rose 28.80% to ₹41.50 crore in the quarter ended March 2025, compared to ₹32.22 crore in the previous quarter ended March 2024.
- Sales increased by 13.43% to ₹250.56 crore in the quarter ended March 2025, from ₹220.89 crore in the previous quarter ended March 2024.
Full Financial Year 2024-25 Performance:
- Net profit for FY25 rose 21.90% to ₹149.29 crore, as against ₹122.47 crore in the previous year (FY24).
- Sales for FY25 grew 9.61% to ₹880.14 crore, compared to ₹802.98 crore in the previous year (FY24).
- Q4 FY2024-25 Revenue: ₹250.56 crore
- Q4 FY2024-25 Net Profit: ₹41.50 crore
- FY2024-25 Revenue: ₹880.14 crore
- FY2024-25 Net Profit: ₹149.29 crore
- Revenue Growth (FY25): 9.61%
- Net Profit Growth (FY25): 21.90%
- Market Capitalization: ₹2,565.84 crore (as of 11th June 2025)
- PE Ratio: 16.33 (as of 19th June 2025)
- PB Ratio: 2.65 (as of 19th June 2025)
- Dividend Yield: 0.86%
As of June 11th, 2025, Mayur Uniquoters Ltd (MAYURUNIQ) has a market capitalization of ₹2,565.84 crore. The stock has shown a significant range over the past year, with a 52-week high of ₹700 and a 52-week low of ₹441. The company's shares are actively traded on the National Stock Exchange (NSE) under the symbol MAYURUNIQ and on the Bombay Stock Exchange (BSE) under the code 522249.
The promoter holding in Mayur Uniquoters Ltd has remained stable at 58.59% as of March 2025. The shareholding pattern reflects a diversified investor base, with FIIs holding 3.3%, DIIs holding 3.5%, and the public holding 34.6% of the total shares as per the last reported quarter. This distribution indicates confidence from various investor categories.
The Board of Directors of Mayur Uniquoters, at its meeting on May 8th, 2025, recommended a final dividend of ₹5 per share (100%). This recommendation is subject to shareholder approval. The company's current dividend yield stands at 0.86%, indicating a commitment to returning value to shareholders.
Beyond dividends, the company has also engaged in strategic corporate actions. On August 8th, 2024, the Board approved a buyback of 5 lakh equity shares at a price of ₹800 per equity share, aggregating to an amount not exceeding ₹40 crore, showcasing proactive capital management.
Mayur Uniquoters has received reaffirmation in its credit ratings at CARE AA; Stable/ CARE A1+ from CARE for bank facilities aggregating ₹97.80 crore. This strong credit rating underscores the company's robust financial health. Notably, the company is debt-free and maintains a strong balance sheet, which allows it to report stable earnings growth across various business cycles and withstand economic fluctuations effectively.
Mayur Uniquoters has demonstrated a robust financial performance in Q4 FY25, with significant revenue and profit growth driven by strong demand, particularly from export markets. Its strategic positioning as a preferred supplier for leading OEMs has significantly enhanced its competitive edge, even amidst challenges such as regulatory uncertainties and tariff impacts.
While domestic demand remains stable, the company anticipates a significant acceleration in the export segment, projected to outpace overall business growth. A key focus remains on expanding its reach within high-end automotive clients. Analysts maintain a positive outlook, with 100% recommending a 'BUY' rating for Mayur Uniquoters Ltd and an average target price of ₹791.33. The company's strong market position, diversified product portfolio, robust financial performance, and strategic emphasis on export markets collectively position it for sustained growth in the synthetic leather manufacturing sector.
