Mahalaxmi Rubtech share price & results
- Mar 2026
- Jun 2026
Ahmedabad-based manufacturer of offset printing blankets and technical coated fabrics (Technical Textiles & Rubber).
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 29.6 | +29.2% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 25.2 | −2.2 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 5.4 | +17.8% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | +0.1 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | +0.2 pts | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Revenue growth (YoY) | −7.2 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −13.8% 1Y
1Y: ₹207.55 on 24 Oct 2025 → ₹178.98. High ₹233.08 (18 Nov 2025), low ₹110.12 (29 Jun 2026).
- Previous close
- ₹171
- Market cap
- ₹181 Cr
- 52-week range
- ₹110.12 – ₹233.08
- One year
- −15.57%
Overview
- Symbol
- NSE:MHLXMIRU
- Sector
- Textiles
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Mahalaxmi Rubtech Limited does
Based on the company's own presentations, annual report and earnings calls.
Mahalaxmi Rubtech Limited is engaged in the manufacturing and marketing of Technical Textiles & Rubber products, principally offset printing blankets and technical coated fabrics. Production is carried out from a single manufacturing unit at Uma Industrial Estate, Sanand, in Ahmedabad district, Gujarat, with the registered and corporate office also based in Ahmedabad. The company operates as a standalone entity with no subsidiaries, joint ventures or associate companies.
Segments
- Offset Printing Blankets
- Technical Coated Fabrics
- Manufacturing units
- 1 (Uma Industrial Estate, Sanand, Ahmedabad, Gujarat)
- Core product lines
- Offset printing blankets; Technical coated fabrics
- Subsidiaries / JVs / Associates
- None (standalone company)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2018 to Mar 2023).
Financials
What the filings say
Net profit, year on year: +18% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 21 | 24 | 25 | 23 | 25 | 30 | 27 | 30 |
| Expenses | 16 | 18 | 18 | 17 | 18 | 22 | 19 | 22 |
| Operating profit | 5 | 5 | 8 | 6 | 7 | 8 | 8 | 7 |
| Operating margin | 23.4% | 23.2% | 30.0% | 27.4% | 26.5% | 25.5% | 29.4% | 25.2% |
| Other income | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 4 | 5 | 7 | 6 | 6 | 8 | 8 | 7 |
| Tax rate | 17.3% | 27.4% | 25.2% | 22.4% | 28.7% | 23.4% | 26.1% | 25.9% |
| Net profit | 3 | 3 | 5 | 5 | 4 | 6 | 6 | 5 |
| EPS (₹ per share) | 3.08 | 3.29 | 5.11 | 4.35 | 4.19 | 5.55 | 5.70 | 5.12 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 197 | 267 | 231 | 92 | 112 |
| Expenses | 180 | 249 | 210 | 68 | 82 |
| Operating profit | 18 | 19 | 21 | 24 | 30 |
| Other income | 5 | 6 | 4 | 3 | 4 |
| Interest | 4 | 5 | 4 | 1 | 1 |
| Depreciation | 9 | 8 | 7 | 4 | 4 |
| Profit before tax | 10 | 11 | 15 | 22 | 29 |
| Net profit | 7 | 8 | 11 | 17 | 22 |
| Line item | Mar 2023 | Sept 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 77 | 81 | 42 | 58 | 68 | 80 |
| Borrowings | 56 | 52 | 16 | 15 | 15 | 12 |
| Other liabilities | 67 | 70 | 13 | 15 | 18 | 13 |
| Total liabilities | 210 | 214 | 82 | 98 | 112 | 115 |
| Fixed assets | 64 | 62 | 29 | 27 | 31 | 32 |
| Capital work in progress | 0 | 1 | 1 | 2 | 2 | 3 |
| Investments | 0 | 0 | 0 | 0 | 3 | 6 |
| Other assets | 146 | 150 | 52 | 70 | 75 | 75 |
| Total assets | 210 | 214 | 82 | 98 | 112 | 115 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 16 | 8 | 6 | 17 | 14 | 28 |
| Cash from investing | -17 | -13 | 9 | -8 | -9 | -20 |
| Cash from financing | 1 | -1 | -7 | -4 | -2 | -4 |
| Net cash flow | 0 | -5 | 9 | 5 | 3 | 4 |
| Free cash flow | 10 | 2 | 3 | 14 | 11 | 18 |
| Line item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|
| Debtor days | 66 | 74 | 73 | 81 | 68 | 66 |
| Inventory days | 84 | 131 | 129 | 143 | 143 | 132 |
| Days payable | 113 | 152 | 161 | 156 | 173 | 147 |
| Cash conversion cycle | 36 | 53 | 40 | 68 | 39 | 51 |
| Working capital days | 15 | 18 | 10 | 5 | -10 | -2 |
| Return on capital employed | 6.0% | 7.0% | 7.0% | 9.0% | 10.0% | 10.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Traditional Textile contributes 59.7% of reported segment revenue.
Quarter ended 31 Dec 2023 · Standalone
- Traditional Textile 59.7%
₹29.39 crore
- Polymer based Technical Textile & Rubber 40.3%
₹19.88 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Traditional Textile | 29.39 | 59.7% |
| Polymer based Technical Textile & Rubber | 19.88 | 40.3% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹49.27 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹49.27 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
What the price assumes
AttractiveTo justify its price of ₹179, this stock must grow earnings at 9% every year for 7 years. Our analysis caps realistic growth at ~34%. At that growth it is worth ₹642 — upside of 259%.
- Growth the price implies
- 9.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 31.5% a year
- net profit, FY22–FY26 · EPS 34.2%
- The gap
- -0.3 pp
- 259% downside if it only repeats history
Ownership
Who owns it
Promoters hold 64.81% as of Jun 2026; institutions added 0.00 pts since Mar 2026.
- Promoters 64.81%
- Foreign institutions 0.09%
- Domestic institutions 0.07%
- Government 0.00%
- Public 35.03%
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- newly disclosed 1.56% held
- newly disclosed 1.54% held
The same filing shows 0 holders trimming and 4 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Mahalaxmi Rubtech Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| 17.30% | unchanged | |
| 16.06% | unchanged | |
| 12.14% | unchanged | |
| 5.13% | unchanged | |
| 3.92% | unchanged | |
| 2.42% | unchanged | |
| 1.94% | unchanged | |
| 1.58% | unchanged | |
| 1.56% | newly disclosed | |
| 1.54% | newly disclosed | |
| 1.22% | unchanged | |
| 0.89% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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