Hi,
Please share the Annual Reports FY2014 if already available. They’ve announced Q2 FY15 results but not able to see the annual report for last year some how.
Thanks.
-Muthu
Please register on Researchbytes.com and get Annual report copy from
http://www.researchbytes.com/Mayur-Uniquoters-Limited-M0213.htm
Reportjunction is paid site. You can get it for free from the exchange website. Here you go
DSP Blackrock bought 2.5 L shares of Mayur at 428 each in BSE and NSE (total 5L shares) as per bulk trade reports. DSP will now own around 2.5% of shares. This is first major MF to own significant shares of mayur.
I bought into this stock with the conviction that the PU sector can double its intrinsic value.
I hesitated initially due to PU manufacturing being banned in the USA due to pollution issues. A quick google brought up no published pollution issues with manufacturing PU in India. Are there pollution concerns with PU production in India? Is MU being environmentally responsible with how they produce PU?
Steve -
There are hardly any big PU players in India. It is very fragmented sector. It remains to be seen how much of an issue pollution shall be. Mayur will become a relatively large player when their PU plant is on steam. They’ve NOT started to produce PU till date only CPVC. In fact, I don’t think they neither have necessary approvals in place as yet nor started on the construction of the plant. (I welcome to be corrected on the facts.)
Regarding being environmentally responsible, I’ve no idea. They have a proposal pending under Govt. of Rajastan for using treating sewage water and using it for their lines (more so because water is scarce in Rajastan) and into other social activities like adopting a village, providing skills to youngsters (skilled workers availability is an issue for them), providing support to Swacch bharat mission.
@Ashwin, thank you for clarifying that Mayur is yet to start PU production. I was aware that Mayur is a producer of synthetic leather materials but I wasn’t sure of the exact materials.
Looks like PU Manufacturing is in High Demand with Market Size of 2.50 Tonnes.
âBPCL is in talks with MPL to float a joint venture in which a few foreign companies are expected to participate to set up the project. The project will be Indiaâs single-largest polyurethane (PU) manufacturing plant,â
The plant will provide revenues to the tune of around Rs 4,000 crore to the government in terms of taxes and will also help strengthen the highly fragmented PU industry in India by utilizing its economies of scale.
For More on it :
Thnkx Vivek Gautam, I am in love with Mayur Uniquoter for last three years, Its numbers are magical, great dividends and consistent improvement of ROE, ROCE. In the long run it is going to create massive wealth for us
Does anyone have thesoftcopyoflatest annual report? If yes can you please upload it somewhere and share the link
Searched on company’s site and also on nse,bse and oddly it is not available
thesoftcopyoflatest
Found the link in one of the above posts Somehow missed it before
Crude prices have fallen to ~USD 50 from ~USD 100 in the last 4 months
Raw material constitute approx 70% of sales for Mayur
Most of the raw material is linked to crude…
Are we going to see a BIG spurt in margin?
whyistheroceandroeconstantlyfalling over the years.rocehasdroppedfrom 60to 35(fy16e) over 4years.
thefy16eisfromthefollowingreport
http://rakesh-jhunjhunwala.in/stock_research/wp-content/uploads/Edelweiss_Midcap_Marvels.pdf
Motilal oswal realeased report on Mayur today. stock at all time high.
Promoter holding has come down from 74.96% on 31-12-2013to 66.42% on 31-12-2014. During the same period FIIs have increased from 2.18% to 6.91% and DIIs from 2.18% to 4.88%. The stock is becoming well discovered, though still far from saturation point.
Here is the link related to the motilal recommendation from economic times.
Hi,
Does someone have any updates about the qtrly conference call.
Please share
Thanks,
Has Mr. M started getting upset with the slower than expected growth.
Seems we will have 12 - 14 % top and bottomline growth FY15.
Can we expect EPS to touch 30 by FY 18 ?