RATING

RECOMMENDATION

Sell

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Sell

Business Type

Traditional Business

RATING

RECOMMENDATION

Sell

Business Type

Traditional Business

Discover and get analyzed Report on Maharaja Shree Umaid Mills upcoming IPO and  unlisted shares - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, Maharaja Shree Umaid Mills News and latest updates.

ISIN

INE087D01013

Face Value

₹10.00

Total Share

5,70,12,155

Total Income

₹285.78 Cr

Profit After Tax

₹1.50 Cr

EPS

₹0.26

P/E

615.38

P/B

1.97

Market Capitalisation

₹912.19 Cr

Enterprise Value

₹1,235.58 Cr

Book Value

₹81.39

Intrinsic Value

₹217.00

Earnings Yield

0.16 %

Sector

Consumer Discretionary

Sub-sector

Apparel & Accessories

Category

Delisted

Cashflow - Operations

₹36.23 Cr

Cashflow - Financing

-₹41.78 Cr

Maharaja Shree Umaid Mills Growth

Compounded Sales Growth

  • -29.23%

    1 Year

  • -15.30%

    3 Year

  • -11.06%

    4 Year

Pro Only

Compounded Profit Growth

  • NA

    1 Year

  • NA

    4 Year

Pro Only

Return On Equity

  • 0.32%

    2021

  • -1.04%

    2019

  • -7.38%

    2018

Pro Only

About Maharaja Shree Umaid Mills

  • Maharaja Shree Umaid Mills Ltd. ("Maharaja Shree"), manufactures and markets textile yarns and fabrics in India.
  • The company operates through two segments, Textiles and Wind Power Generation Units. It offers combed compact yarns; combed hosiery and weaving, carded weaving, single, and plied yarns; viscose yarns for knitting and weaving; polyester viscose blended yarns; bleached and mercerized yarns; flannel fabrics’ yarns; and yarns for terry towels.
  • The company also provides cotton poplin, dyed Terry Rubia, bleached polyester cotton, cotton shirting, cotton grey sheeting, and dyed casement products. Maharaja Shree Umaid Mills Ltd. sells its products through a network of agents and dealers
  • The company also exports its products to approximately 25 countries. In addition, it generates and sells wind power.
  • Maharaja Shree Umaid Mills Ltd. is a part of the LN Bangur Group and was listed at Bombay Stock Exchange, Mumbai and Calcutta Stock exchange , Kolkata. The company got delisted after it was acquired by Placid Ltd. in FY15.
  • The company was incorporated on Aug 12,1939. It is a spinning cum a Composite Textile Mills, at Pali - a district headquarter in the Western Rajasthan 
  • Mr. LN Bangur and Yogesh Bangur are the Managing director and Deputy Managing director of the company.

  • Maharaja Shree Umaid Mills IPO Details

The company is not planning for Public Issue as of now

  • Maharaja Shree Umaid Mills Merger & Acquisition

Merger


Acquisition

On 29 March 2011, IP Holdings Asia Singapore Ltd. entered into an agreement with Maharaja Shree Umaid Mills to acquire its 21.65% stake in Andhra Pradesh Paper Mills Ltd. for approximately INR 467 Cr.

Investments

  • The Promoters of the company made a successful delisting attempt of the company on 27 May 2014, wherein the promoters acquired 25.19% stake of the company from Pan Emami Cosmed Ltd, Payal Commercial Co Ltd and other public shareholders for a total amount of INR 590 Cr approximately.
  • The company has an investment of INR 242 Cr. in Secured Transferable Redeemable non-Convertible Debentures of Dalmia DSP Limited.
  • Maharaja Shree Umaid Mills Subsidiaries

Subsidiary:

  • MSUM Texfab Limited

Associate Companies :

The Following Companies are associated with Maharaja Shree Umaid mills:

  • The Peria Karamalai Tea & Produce Co. Limited
  • LNB Renewable Energy Private Limited
  • Navjyoti Commodity Management Services Ltd.
  • Navjyoti Analytics & Research Laboratory
  • Kiran Vyapar Limited
  • Placid Limited
  • Corporate Farming

Maharaja Shree Umaid Mills Business Model

The company is engaged in the business of manufacturing Cotton Compact, Combed and Carded Ring Spun, Open end Yarns, and double yarns.

  • Maharaja Shree Umaid Mills Revenue Segmentation

  • Export Incentives
  • Sale of Yarn
  • Sale of Fabric
  • Sale of Waste
  • Sale of Wind Power
  • Maharaja Shree Umaid Mills Product & Services

  • Fabrics Business 
  • Yarns Business
  • Readymade Apparels
  • Wind Power
  • Maharaja Shree Umaid Mills Assets

Assets of the company as on 31st, March 2021.

ParticularsAmount in Rs. Cr
Freehold Land456.56
Building53.71
Plant and Equipment185.77
Electrical Installation16.06
Furniture and Fixtures1.01
Office Equipments0.26
Vehicles0.49


  • Maharaja Shree Umaid Mills Industry Overview

Industry Statistics

  • India’s textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, while the capital-intensive sophisticated mills sector on the other end. The decentralized power looms/ hosiery and knitting sector forms the largest component in the textiles sector.
  • The close linkage of textiles industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of the country in terms of textiles makes it unique in comparison to other industries in the country. 
  • The textiles and apparel industry contributes 2.3% to the country’s GDP, 13% to industrial production, and 12% to exports of India.
  • The domestic textiles and apparel market stood at an estimated INR 7,20,000 Cr. in FY19, in FY20 it had a market size of approx. INR 11 lakh Cr. and expected to grow at a rate of 6.6% till FY26. 
  • The share of the India’s textiles and apparel exports in mercantile shipments was 11.0% in FY20.
  • The production of raw cotton in India is estimated to have reached 3.5 Cr. bales in FY20. During FY19, production of fiber in India stood at 14.4 Lakh tons (MT) and reached 1.60 MT in FY20.
  • Key Players of this industry are: Vardhman Ltd, Raymond Ltd, Welspun India Ltd, Trident India Ltd, Bombay Dyeing & Manufacturing Co. Ltd

Future Prospects

  • According to the government, technical textiles in India is growing at 8% per annum and the government aims to hasten this growth to 15-20% range during next 5 years (FY25-FY26).
  • The home textile segment is expected to gain a lot of traction given the pandemic-induced lifestyle changes arising from increased consciousness about hygiene and increased prevalence of stay-at-home options.
  • Cotton production is expected to reach 3.6 Cr. bales and consumption is expected to reach 11 Cr. bales in FY21—13.0% growth over the previous year.

Government Initiatives

  • Indian government has come up with several export promotion policies for the textiles sector. It has also allowed 100% FDI in the sector under the automatic route.
  • In March 2021, The Ministry of Textiles favored limited deal for the India-UK free trade agreement that could boost the garments sector
  • Under the ongoing sub-mission on agroforestry (SMAF) scheme, the Ministry of Agriculture and Farmers Welfare signed a memorandum of understanding (MoU) with the Central Silk Board, under the Ministry of Textiles, on a convergence model to implement agroforestry in the silk sector. 
  • Defense Research and Development Organization (DRDO) is helping the Indian textile industry to produce yarns and eliminate dependence on import of Chinese and other foreign clothing for military uniforms. 
  • In October 2020, the Cabinet Committee on Economic Affairs chaired by Mr. Narendra Modi approved mandatory packaging of 100% food grains and 20.0% sugar in jute bags. Under the Jute Packaging Materials (Compulsory Use in Packing Commodities) Act, 1987, the government is required to consider and provide for the compulsory use of jute packaging materials for supply.
  • Under Union Budget 2020-21, a National Technical Textiles Mission is proposed for a period from 2020-21 to 2023-24 at an estimated outlay of INR 1,480 Cr. 
  • In FY20, Cotton Corporation of India made a record procurement of INR 15 Cr. bales under MSP operations, which is 290.0% higher than 38.43 lakh bales procured during the corresponding period last year.

Maharaja Shree Umaid Mills Awards & Achievements

  • Maharaja Shree Umaid Mills has received Scope Certificate by Intertek (Global Recycled Standard) for recycling Dyed Fabrics, Greige fabrics, Greige Yarns as per Global Recycled Standard 4.0(GRS 4.0) in August 2021.
  • CITI's Birla Economic and Textile Research Foundation has awarded a Certificate of Excellence for Effective Cost Management in Textile industry in the year of 2018-19.
  • Department of Energy, Govt. of Rajasthan has awarded Maharaja Shree Umaid Mills Rajasthan Energy Conservation Award in appreciation of the efforts for energy conservation for the year 2018-19.

Maharaja Shree Umaid Mills Strengths

  • Company continues to build its competence to enhance the product basket in its profitable Poplin segment and concentrate on producing and increasing market share in the valued-added products in the yarn segment.With new value-added products in the pipeline in the Poplin segment, this segment is likely to share a larger pie of total revenues of the company in the coming years
  • The company has an installed capacity of 460 looms producing about 50,000 Meters of Fabrics every day and  for the yarn business it has an installed capacity of 96,432 Ring spindles and 1,944 OE Rotors having a total output of about 60 tons/day.
  • Company’s EBIT and EBITDA margins have improved in the recent years due to continues technological upgradation and strategic decision taken by the management to discontinue non-profitable products in the spinning division.

Maharaja Shree Umaid Mills Shortcomings

  • Despite the management’s efforts and technological upgradations, the company continues to make losses. The loss after tax for the FY20 stands at INR 7 Cr.
  • The company faces a high risk of solvency with moderate debt to equity ratio and a low interest coverage ratio.
  • The company has been incurring losses over the last few years as it has been struggling to ramp up production due to old machineries particularly in the spinning division, increase in interest costs due to funding of accumulated losses in the earlier years and underutilization of its rated capacity for Poplin products.

Maharaja Shree Umaid Mills Opportunities

  • The Indian technical textiles market is expected to expand to INR 1,67,760 Cr. FY26, driven by increased awareness of goods and higher disposable incomes, which presents great avenues for the company
  • The pandemic has led to increased demand for technical textiles in the form of PPE kits and equipment. Government is supporting the sector through funding and machinery sponsoring.
  • Potential increase in operational efficiency and reduction in losses by continuous technological upgradation and stringent cost measures.

Maharaja Shree Umaid Mills Threats

  • The COVID-19 pandemic left a huge threat on the business of the organization by way of interruption in production, supply chain disruption, unavailability of personnel, closure/lock down of production facilities etc. 
  • The company faces a tough competition from its competitors like Arvind Mills, Vardhaman textiles, Bombay dyeing, Raymonds, Page industries, Reliance textiles etc.
  • Frequent technological upgradations, stringent cost measures and aggressive marketing are necessary for the survival and growth in the textile industry
Maharaja Shree Umaid Mills Rating

  • RECOMMENDATION

    Sell

  • Maharaja Shree Umaid Mills Detail Info

Industry Statistics

PRIVATE LIMITED

Registered In

India

Registered Date

12/08/1939

Planify Ticker

MSUM

Reg Office: 7, Munshi Premchand Sarani, Hastings, Kolkata - 700022

Visit Website

Frequently Ask Questions

The company has not filed any DRHP for the IPO as of now.

The face value of the company is Rs.10

The company need to improve its profitability.

Placid limited holds 67.73 stakes of the company.

Laxmi nivas Bangur is the chairman and MD of the company.

Company’s EBIT and EBITDA margins have improved in the recent years due to continues technological upgradation and strategic decision taken by the management to discontinue non-profitable products in the spinning division.

We recommend sell rating on the stock

the total profit for the company is 1.5 Cr.

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