MHLXMIRU

Mahalaxmi Rubtech financials

Market cap
₹167 Cr
Sector
Textiles

What Mahalaxmi Rubtech Limited does

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)
Founded 1991Headquarters Ahmedabad, Gujarat, India Company website

Quarterly results

Q4 FY26: revenue up 29.2%, net profit up 17.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue21 24 25 23 25 +22%30 +27%27 +9%30 +29%
EBITDA5 5 8 6 7 +38%8 +39%8 +7%7 +19%
Net profit3 3 5 5 4 +36%6 +68%6 +11%5 +18%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −27.8% 1Y

₹150₹200Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹217.78 on 10 Sept 2025 → ₹157.24. High ₹233.08 (18 Nov 2025), low ₹110.12 (29 Jun 2026).

Financials, as filed

Revenue fell 13.2% a year over 4 years, FY22 to FY26. Operating margin widened to 26.6%.

Year endingFY22FY23FY24FY25FY26
Revenue₹197 Cr₹267 Cr₹231 Cr₹92 Cr₹112 Cr
Operating profit₹18 Cr₹19 Cr₹21 Cr₹24 Cr₹30 Cr
Operating margin9.0%7.0%9.2%26.1%26.6%
Interest₹4 Cr₹5 Cr₹4 Cr₹1 Cr₹1 Cr
Depreciation₹9 Cr₹8 Cr₹7 Cr₹4 Cr₹4 Cr
Net profit₹7 Cr₹8 Cr₹11 Cr₹17 Cr₹22 Cr
Net margin3.7%3.2%4.6%18.2%19.5%
Cash from operations₹8 Cr₹6 Cr₹17 Cr₹14 Cr₹28 Cr
Free cash flow₹2 Cr₹3 Cr₹14 Cr₹11 Cr₹18 Cr
ROCE10.0%10.0%———
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹13 Cr₹11 Cr₹11 Cr₹11 Cr₹11 Cr₹11 Cr
Reserves₹81 Cr₹68 Cr₹81 Cr₹42 Cr₹68 Cr₹80 Cr
Borrowings₹38 Cr₹55 Cr₹52 Cr₹16 Cr₹15 Cr₹12 Cr
Other liabilities₹41 Cr₹59 Cr₹70 Cr₹13 Cr₹18 Cr₹13 Cr
Total liabilities₹173 Cr₹192 Cr₹214 Cr₹82 Cr₹112 Cr₹115 Cr
Fixed assets₹68 Cr₹67 Cr₹62 Cr₹29 Cr₹31 Cr₹32 Cr
Capital work in progress₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹2 Cr₹3 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹3 Cr₹6 Cr
Other assets₹103 Cr₹124 Cr₹150 Cr₹52 Cr₹75 Cr₹75 Cr
Total assets₹173 Cr₹192 Cr₹214 Cr₹82 Cr₹112 Cr₹115 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

The ownership split has held steady since Jun 2025. The shareholder count grew 15% to 6,537.

Promoters
64.8%
FIIs
0.1%
DIIs
0.1%
Public
35.0%

Since Jun 2025

  • FIIs −0.03 pp
  • Public +0.02 pp
  • Promoters +0.01 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 64.8%, DIIs 0.1%, Public 35.1%.Dec '23: Promoters 64.8%, DIIs 0.1%, Public 35.1%.Mar '24: Promoters 64.8%, DIIs 0.1%, Public 35.1%.Jun '24: Promoters 64.8%, FIIs 0.6%, DIIs 0.1%, Public 34.5%.Sep '24: Promoters 64.8%, FIIs 0.6%, DIIs 0.1%, Public 34.6%.Dec '24: Promoters 64.8%, FIIs 0.1%, DIIs 0.1%, Public 35.0%.Mar '25: Promoters 64.8%, FIIs 0.1%, DIIs 0.1%, Public 35.0%.Jun '25: Promoters 64.8%, FIIs 0.1%, DIIs 0.1%, Public 35.0%.Sep '25: Promoters 64.8%, FIIs 0.1%, DIIs 0.1%, Public 35.0%.Dec '25: Promoters 64.8%, FIIs 0.1%, DIIs 0.1%, Public 35.0%.Mar '26: Promoters 64.8%, FIIs 0.1%, DIIs 0.1%, Public 35.0%.Jun '26: Promoters 64.8%, FIIs 0.1%, DIIs 0.1%, Public 35.0%.

Who was buying across the market this quarter →

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.

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.

HolderStakeChange
Rahul Jeetmal Parekh 17.30%unchanged
Anand Jeetmal Parekh 16.06%unchanged
Jeetmal Bhoorchand Parekh 12.14%unchanged
Kamladevi Jeetmal Parekh 5.13%unchanged
Rohan Anand Parekh 3.92%unchanged
Ratna Rahul Parekh 2.42%unchanged
Rahul Calchem Pvt . 1.94%unchanged
Mahalaxmi Calchem Private Ltd 1.58%unchanged
Marwadi Chandarana Intermediaries Brokers Private Limited 1.56%newly disclosed
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 1.54%newly disclosed
Jeetmal Bhoorchand (Huf) 1.22%unchanged
Anand Chem Industries Private Limited 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.

What the price assumes

Attractive

To justify its price of ₹157, this stock must grow earnings at 7% every year for 7 years. Our analysis caps realistic growth at ~34%. At that growth it is worth ₹642 — upside of 309%.

Growth the price implies
6.7% 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
309% downside if it only repeats history
Price today ₹157.24 Value at the reference growth ₹642.41 Cyclical — a peak-earnings base overstates value

Change the assumptions yourself →

Learn to analyse Mahalaxmi Rubtech Limited

Guides on how to read this kind of business and the numbers that matter.