Cash flow Mahalaxmi Rubtech Limited

Stocks

MHLXMIRU

INE112D01035

Textiles & Leather Goods

Market Closed - Bombay S.E. 14:02:30 01/10/2026 +04			5-day change	1st Jan Change
175.70 ^INR	-4.38%		+6.07%	-14.58%

08-11	Mahalaxmi Rubtech Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI
05-28	Mahalaxmi Rubtech Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026	CI

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Published financial data: MAHALAXMI RUBTECH LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Revenues	1.97B	2.67B	769M	921M	1.12B
Other Revenues, Total	1.55M	1.55M	774K	-	4.2M
Total Revenues	1.97B	2.68B	770M	921M	1.12B
Cost of Goods Sold, Total	1.6B	2.24B	464M	452M	659M
Gross Profit	378M	436M	306M	469M	465M
Selling General & Admin Expenses, Total	126M	139M	73.55M	80.54M	104M
Provision for Bad Debts	1.24M	334K	1.59M	-	786K
Depreciation & Amortization - (IS)	85.06M	84.37M	36.44M	37.46M	38.42M
Other Operating Expenses	69.1M	107M	45.44M	148M	56.36M
Other Operating Expenses, Total	281M	331M	157M	266M	199M
Operating Income	96.9M	105M	149M	203M	266M
Interest Expense, Total	-38.91M	-46.09M	-13.83M	-10.65M	-5.77M
Interest And Investment Income	22.9M	21.56M	10.43M	-	26.08M
Net Interest Expenses	-16.01M	-24.53M	-3.4M	-10.65M	20.31M
Currency Exchange Gains (Loss)	6.19M	3.76M	897K	-	9.25M
Other Non Operating Income (Expenses)	-592K	-1.42M	1.81M	26.94M	-146K
EBT, Excl. Unusual Items	86.49M	82.87M	148M	219M	295M
Gain (Loss) On Sale Of Investments	-	-	-	-	-739K
Gain (Loss) On Sale Of Assets	3.44M	18.81M	52K	-	-781K
Asset Writedown	-54K	-18K	-	-	-
Insurance Settlements	-	-	-	-	678K
Other Unusual Items	8.1M	6.52M	5K	-	69K
EBT, Incl. Unusual Items	97.98M	108M	148M	219M	294M
Income Tax Expense	25.1M	23.75M	37.67M	51.5M	76.34M
Earnings From Continuing Operations	72.88M	84.43M	110M	168M	218M
Net Income to Company	72.88M	84.43M	110M	168M	218M
Net Income - (IS)	72.88M	84.43M	110M	168M	218M
Net Income to Common Incl Extra Items	72.88M	84.43M	110M	168M	218M
Net Income to Common Excl. Extra Items	72.88M	84.43M	110M	168M	218M
Per Share Items
Net EPS - Basic	5.99	7.95	10.39	15.8	20.51
Basic EPS - Continuing Operations	5.99	7.95	10.39	15.8	20.51
Basic Weighted Average Shares Outstanding	12.17M	10.62M	10.62M	10.62M	10.62M
Net EPS - Diluted	5.99	7.95	10.39	15.8	20.51
Diluted EPS - Continuing Operations	5.99	7.95	10.39	15.8	20.51
Diluted Weighted Average Shares Outstanding	12.17M	10.62M	10.62M	10.62M	10.62M
Normalized Basic EPS	4.44	4.88	8.71	12.91	17.36
Normalized Diluted EPS	4.44	4.88	8.71	12.91	17.36
Supplemental Items
EBITDA	182M	189M	185M	240M	304M
EBITA	102M	109M	149M	203M	266M
EBIT	96.9M	105M	149M	203M	266M
EBITDAR	182M	190M	-	-	-
Total Revenues (As Reported)	2.02B	2.73B	786M	948M	1.16B
Effective Tax Rate - (Ratio)	25.62	21.95	25.45	23.49	25.95
Total Current Taxes	24.82M	28.24M	40.48M	56.31M	76.44M
Total Deferred Taxes	280K	-4.48M	-2.81M	-4.8M	-108K
Normalized Net Income	54.06M	51.79M	92.47M	137M	184M
Non-Cash Pension Expense	1.03M	1.08M	415K	-	638K
Supplemental Operating Expense Items
Advertising Expense	363K	1.1M	401K	-	97K
Selling and Marketing Expenses	363K	1.1M	401K	-	97K
Net Rental Expense, Total	50K	50K	-	-	-
Imputed Operating Lease Interest Expense	33.36K	33.28K	-	-	-
Imputed Operating Lease Depreciation	16.64K	16.72K	-	-	-

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	14.71M	101M	94.46M	326M	164M
Short Term Investments	361M	264M	124M	-	274M
Total Cash And Short Term Investments	376M	365M	219M	326M	438M
Accounts Receivable, Total	369M	483M	94.78M	140M	96.39M
Other Receivables	25.26M	14.4M	14.3M	22.26M	21.94M
Notes Receivable	-	-	-	-	-
Total Receivables	394M	497M	109M	163M	118M
Inventory	404M	519M	164M	171M	167M
Prepaid Expenses	4.08M	6.57M	929K	-	990K
Other Current Assets, Total	55.88M	66.09M	15.97M	23.49M	19.32M
Total Current Assets	1.23B	1.45B	509M	683M	743M
Gross Property Plant And Equipment	1.41B	1.46B	704M	-	823M
Accumulated Depreciation	-758M	-837M	-406M	-	-477M
Net Property Plant And Equipment	654M	624M	299M	286M	347M
Long-term Investments	1.62M	2.14M	2.36M	2.59M	61.4M
Other Intangibles, Total	23.5M	15.53M	-	-	-
Deferred Charges Long-Term	506K	379K	-	-	-
Other Long-Term Assets, Total	8.31M	8.06M	12.02M	13M	2.74M
Total Assets	1.92B	2.1B	822M	985M	1.15B
Liabilities
Accounts Payable, Total	487M	579M	56.56M	114M	90.57M
Accrued Expenses, Total	18.5M	19.93M	19.32M	13.89M	19.57M
Short-term Borrowings	338M	435M	111M	121M	109M
Current Portion of Long-Term Debt	38.53M	41.76M	19.58M	-	6.91M
Current Income Taxes Payable	5.45M	5.83M	19.12M	9.58M	-
Other Current Liabilities	23.38M	21.47M	17.76M	4.43M	9.72M
Total Current Liabilities	910M	1.1B	243M	262M	236M
Long-Term Debt	173M	81.92M	29.56M	25.51M	416K
Unearned Revenue Non Current	7.6M	9.49M	3.73M	2.49M	1.84M
Pension & Other Post Retirement Benefits	10.49M	11.3M	9.63M	5.14M	6.2M
Deferred Tax Liability Non Current	23.51M	19.62M	7.03M	2.11M	2.71M
Other Non Current Liabilities	9.31M	5.22M	1K	-	1K
Total Liabilities	1.13B	1.23B	293M	298M	247M
Common Stock, Total	106M	106M	106M	106M	106M
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	675M	760M	418M	-	795M
Comprehensive Income and Other	5.76M	7.31M	4.19M	581M	6M
Total Common Equity	787M	873M	529M	687M	907M
Total Equity	787M	873M	529M	687M	907M
Total Liabilities And Equity	1.92B	2.1B	822M	985M	1.15B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	10.62M	10.62M	10.62M	10.63M	10.62M
ECS Total Common Shares Outstanding	10.62M	10.62M	10.62M	10.63M	10.62M
Book Value / Share	74.08	82.22	49.8	64.67	85.38
Tangible Book Value	763M	858M	529M	687M	907M
Tangible Book Value Per Share	71.86	80.75	49.8	64.67	85.38
Total Debt	549M	559M	160M	146M	116M
Net Debt	174M	193M	-58.61M	-180M	-321M
Debt Equivalent of Unfunded Proj. Benefit Obligation	15.8M	16.78M	7.98M	-	8.62M
Debt Equivalent Oper. Leases	400K	400K	-	-	-
Equity Method Investments, Total	1.62M	2.14M	2.36M	2.59M	3.16M
Account Code - Inventory Valuation	5	5	5	-	5
Inventories - Raw Materials, Total	224M	285M	64.55M	-	92.07M
Inventories - Work In Process, Total	20.23M	33.7M	42.49M	-	33.49M
Inventories - Finished Goods, Total	126M	160M	49.56M	-	36.8M
Inventories - Others	33.13M	39.94M	7.55M	-	4.24M
Land - (BS)	122M	122M	25.34M	-	25.34M
Buildings, Total	269M	273M	184M	-	182M
Machinery, Total	1.01B	1.06B	487M	-	590M
Full Time Employees	355	344	236	-	260
Accumulated Allowance for Doubtful Accounts (Supple)	170K	909K	132K	-	168K

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	72.88M	84.43M	110M	168M	218M
Depreciation & Amortization - CF	80.16M	80.29M	36.44M	37.46M	38.42M
Amortization of Goodwill and Intangible Assets - (CF)	4.95M	4.13M	-	-	-
Depreciation & Amortization, Total	85.11M	84.42M	36.44M	37.46M	38.42M
Amortization of Deferred Charges, Total - (CF)	158K	126K	-	-	-
(Gain) Loss From Sale Of Asset	-3.44M	-18.81M	-52K	-552K	782K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	739K
Asset Writedown & Restructuring Costs	-	18K	-	-	-
Provision and Write-off of Bad Debts	1.41M	1.26M	1.72M	562K	822K
Other Operating Activities, Total	-42.63M	8.8M	18.74M	-44.55M	-38.8M
Change In Accounts Receivable	-73.22M	-95.25M	-8.48M	-42.73M	52.3M
Change In Inventories	-121M	-115M	25.64M	-6.48M	4.04M
Change In Accounts Payable	202M	82.68M	-23.09M	57.1M	-24.72M
Change in Other Net Operating Assets	-37.43M	28.66M	5.22M	-31.26M	25.5M
Cash from Operations	83.85M	61.03M	166M	137M	277M
Capital Expenditure	-66.39M	-50.13M	-28.51M	-29M	-97.05M
Sale of Property, Plant, and Equipment	5.86M	22.71M	360K	3.4M	400K
Investment in Marketable and Equity Securities, Total	-88.3M	97.04M	-65.22M	-79.62M	-129M
Other Investing Activities, Total	22.9M	20.89M	10.43M	19.13M	26.08M
Cash from Investing	-126M	90.5M	-82.94M	-86.08M	-199M
Short Term Debt Issued, Total	94.16M	100M	-	-	-
Long-Term Debt Issued, Total	95.7M	-	-	-	-
Total Debt Issued	190M	100M	-	-	-
Short Term Debt Repaid, Total	-	-	-5.63M	-10.03M	-4.64M
Long-Term Debt Repaid, Total	-	-120M	-17.98M	-4.05M	-25.1M
Total Debt Repaid	-	-120M	-23.61M	-14.08M	-29.73M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-160M	-	-	-	-
Other Financing Activities, Total	-38.91M	-46.09M	-13.83M	-9.61M	-5.77M
Cash from Financing	-9.54M	-65.6M	-37.44M	-23.69M	-35.51M
Miscellaneous Cash Flow Adjustments	-2K	-1K	-	-	-
Net Change in Cash	-51.63M	85.94M	46.11M	27.56M	41.93M
Supplemental Items
Cash Interest Paid	38.91M	46.09M	13.83M	9.61M	5.77M
Cash Income Tax Paid (Refund)	68.97M	27.38M	21.16M	74.63M	86.47M
Levered Free Cash Flow	33.38M	-67.56M	377M	90.9M	135M
Unlevered Free Cash Flow	57.7M	-38.75M	386M	97.55M	139M
Change In Net Working Capital	21.74M	139M	-285M	37.78M	-31.77M
Net Debt Issued / Repaid	190M	-19.51M	-23.61M	-14.08M	-29.73M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	3.32	3.26	6.35	14.04	15.52
Return on Total Capital	4.55	4.74	8.76	16.66	17.88
Return On Equity %	8.43	10.17	15.74	27.59	27.33
Return on Common Equity	8.43	10.17	15.74	27.59	27.33
Margin Analysis
Gross Profit Margin %	19.14	16.3	39.71	50.89	41.35
SG&A Margin	6.36	5.21	9.56	8.74	9.23
EBITDA Margin %	9.22	7.08	24.05	26.1	27.04
EBITA Margin %	5.16	4.08	19.31	22.04	23.62
EBIT Margin %	4.91	3.93	19.31	22.04	23.62
Income From Continuing Operations Margin %	3.69	3.15	14.34	18.21	19.38
Net Income Margin %	3.69	3.15	14.34	18.21	19.38
Net Avail. For Common Margin %	3.69	3.15	14.34	18.21	19.38
Normalized Net Income Margin	2.74	1.94	12.01	14.88	16.4
Levered Free Cash Flow Margin	1.69	-2.52	49.02	9.87	12.05
Unlevered Free Cash Flow Margin	2.92	-1.45	50.15	10.59	12.37
Asset Turnover
Asset Turnover	1.08	1.33	0.53	1.02	1.05
Fixed Assets Turnover	2.98	4.19	1.67	3.15	3.55
Receivables Turnover (Average Receivables)	5.83	6.28	2.66	7.84	9.46
Inventory Turnover (Average Inventory)	4.65	4.86	1.36	2.7	3.91
Short Term Liquidity
Current Ratio	1.36	1.32	2.09	2.6	3.15
Quick Ratio	0.85	0.78	1.35	1.86	2.36
Operating Cash Flow to Current Liabilities	0.09	0.06	0.68	0.52	1.17
Days Sales Outstanding (Average Receivables)	62.57	58.15	137.52	46.56	38.57
Days Outstanding Inventory (Average Inventory)	78.43	75.14	269.33	135.05	93.37
Average Days Payable Outstanding	84.6	82.6	1.06K	67.7	56.9
Cash Conversion Cycle (Average Days)	56.4	50.69	-656.78	113.91	75.04
Long Term Solvency
Total Debt/Equity	69.84	63.97	30.31	21.27	12.85
Total Debt / Total Capital	41.12	39.01	23.26	17.54	11.38
LT Debt/Equity	22.03	9.38	5.59	3.71	0.05
Long-Term Debt / Total Capital	12.97	5.72	4.29	3.06	0.04
Total Liabilities / Total Assets	59.05	58.5	35.68	30.21	21.41
EBIT / Interest Expense	2.49	2.28	10.75	19.05	45.99
EBITDA / Interest Expense	4.68	4.11	13.38	22.57	52.65
(EBITDA - Capex) / Interest Expense	2.97	3.02	11.32	19.85	35.84
Total Debt / EBITDA	3.02	2.95	0.87	0.61	0.38
Net Debt / EBITDA	0.95	1.02	-0.32	-0.75	-1.06
Total Debt / (EBITDA - Capex)	4.75	4.01	1.02	0.69	0.56
Net Debt / (EBITDA - Capex)	1.5	1.39	-0.37	-0.85	-1.55
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	42.52	35.53	-71.24	19.8	21.65
Gross Profit, 1 Yr. Growth %	13.51	15.4	-29.92	22.08	21.49
EBITDA, 1 Yr. Growth %	2.18	4.1	-2.31	31.51	25.68
EBITA, 1 Yr. Growth %	14.34	7.19	36.15	38.66	29.93
EBIT, 1 Yr. Growth %	15.18	8.41	41.5	38.66	29.93
Earnings From Cont. Operations, 1 Yr. Growth %	19.98	15.85	30.69	52.04	29.83
Net Income, 1 Yr. Growth %	19.98	15.85	30.69	52.04	29.83
Normalized Net Income, 1 Yr. Growth %	17.16	-4.19	78.54	48.15	36.03
Diluted EPS Before Extra, 1 Yr. Growth %	31.94	45.87	30.69	52.07	29.83
Accounts Receivable, 1 Yr. Growth %	20.13	30.85	-80.38	47.98	-31.28
Inventory, 1 Yr. Growth %	42.74	28.57	-68.36	3.95	-2.36
Net Property, Plant and Equip., 1 Yr. Growth %	-2.42	-4.62	-52.07	-4.18	21.07
Total Assets, 1 Yr. Growth %	10.94	9.5	-60.91	19.76	17.17
Tangible Book Value, 1 Yr. Growth %	-16.51	12.37	-38.33	29.95	31.93
Common Equity, 1 Yr. Growth %	-16.54	10.99	-39.43	29.95	31.93
Cash From Operations, 1 Yr. Growth %	-49.05	-27.21	172.77	-17.51	101.62
Capital Expenditures, 1 Yr. Growth %	-4.41	-24.5	-43.13	1.73	234.67
Levered Free Cash Flow, 1 Yr. Growth %	-49.61	-302.41	-658.55	-75.78	49.84
Unlevered Free Cash Flow, 1 Yr. Growth %	-31.35	-167.17	-1.1K	-74.64	44.25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	4.5	38.99	-37.57	-41.33	20.84
Gross Profit, 2 Yr. CAGR %	3.13	14.45	-10.07	3.67	23.31
EBITDA, 2 Yr. CAGR %	5.01	3.13	0.84	12.65	28.14
EBITA, 2 Yr. CAGR %	21.14	10.71	20.81	36.35	33.65
EBIT, 2 Yr. CAGR %	22.61	11.74	23.85	39.01	33.65
Earnings From Cont. Operations, 2 Yr. CAGR %	25.89	17.9	23.05	40.96	40.5
Net Income, 2 Yr. CAGR %	25.89	17.9	23.05	40.96	40.5
Normalized Net Income, 2 Yr. CAGR %	28.43	5.95	30.79	62.67	42.35
Diluted EPS Before Extra, 2 Yr. CAGR %	31.97	32.33	38.07	40.98	40.5
Accounts Receivable, 2 Yr. CAGR %	1.24	25.37	-49.33	-46.12	0.84
Inventory, 2 Yr. CAGR %	6.7	35.47	-36.22	-42.65	0.74
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.72	-3.52	-32.38	-32.23	7.71
Total Assets, 2 Yr. CAGR %	4.38	10.21	-34.58	-31.58	18.45
Tangible Book Value, 2 Yr. CAGR %	-5.12	-3.14	-16.76	-10.48	30.94
Common Equity, 2 Yr. CAGR %	-5.52	-3.76	-18.01	-11.28	30.94
Cash From Operations, 2 Yr. CAGR %	-39.93	-39.1	40.91	50	28.96
Capital Expenditures, 2 Yr. CAGR %	-28.15	-15.04	-34.47	-23.94	84.51
Levered Free Cash Flow, 2 Yr. CAGR %	-6.98	0.98	236.23	15.99	-40.08
Unlevered Free Cash Flow, 2 Yr. CAGR %	1.03	-32.1	158.66	58.66	-39.97
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.01	13.96	-17.79	-22.44	-25.11
Gross Profit, 3 Yr. CAGR %	2.58	7.07	-2.82	7.44	2.14
EBITDA, 3 Yr. CAGR %	4.82	4.7	1.28	9.73	17.06
EBITA, 3 Yr. CAGR %	13.53	16.3	18.61	25.84	34.48
EBIT, 3 Yr. CAGR %	14.44	17.68	20.89	27.95	36.22
Earnings From Cont. Operations, 3 Yr. CAGR %	13.68	22.45	22.02	32.04	37.15
Net Income, 3 Yr. CAGR %	13.68	22.45	22.02	32.04	37.15
Normalized Net Income, 3 Yr. CAGR %	21.2	16.48	26.08	36.35	52.68
Diluted EPS Before Extra, 3 Yr. CAGR %	17.31	32.22	31.78	42.59	37.15
Accounts Receivable, 3 Yr. CAGR %	-0.79	10.28	-32.44	-27.57	-41.56
Inventory, 3 Yr. CAGR %	4.02	13.54	-16.57	-24.94	-31.52
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.45	-3.35	-23.59	-24.05	-17.77
Total Assets, 3 Yr. CAGR %	3.79	6.06	-21.99	-19.97	-18.14
Tangible Book Value, 3 Yr. CAGR %	-1.29	0.38	-16.68	-3.43	1.87
Common Equity, 3 Yr. CAGR %	-1.84	-0.31	-17.52	-4.4	1.27
Cash From Operations, 3 Yr. CAGR %	-9.92	-35.96	0.38	17.88	65.54
Capital Expenditures, 3 Yr. CAGR %	-3.97	-26.95	-25.68	-24.13	24.63
Levered Free Cash Flow, 3 Yr. CAGR %	3.04	20.54	78.59	39.65	26.1
Unlevered Free Cash Flow, 3 Yr. CAGR %	11.3	-11.83	66.22	19.13	53.11
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.52	3.27	-16.18	-12.62	-4.1
Gross Profit, 5 Yr. CAGR %	3.7	6.92	-2.68	5.7	6.9
EBITDA, 5 Yr. CAGR %	4.92	6.48	3.21	7.81	11.28
EBITA, 5 Yr. CAGR %	9.83	14.02	16.39	23.94	24.41
EBIT, 5 Yr. CAGR %	9.08	14.41	18.12	25.79	25.84
Earnings From Cont. Operations, 5 Yr. CAGR %	16.49	17.24	17.34	29.55	29.1
Net Income, 5 Yr. CAGR %	16.49	17.24	17.34	29.55	29.1
Normalized Net Income, 5 Yr. CAGR %	13.06	14.61	24.95	33.13	31.92
Diluted EPS Before Extra, 5 Yr. CAGR %	16.76	21.28	22.87	35.66	35.2
Accounts Receivable, 5 Yr. CAGR %	-0.34	3.33	-24.17	-17.19	-20.7
Inventory, 5 Yr. CAGR %	5.55	9.25	-14.46	-13.6	-10.04
Net Property, Plant and Equip., 5 Yr. CAGR %	1.34	-1.74	-14.72	-16.15	-12.34
Total Assets, 5 Yr. CAGR %	5.33	4.65	-13.71	-11	-7.8
Tangible Book Value, 5 Yr. CAGR %	4.09	4.86	-7.79	-4.11	-0.16
Common Equity, 5 Yr. CAGR %	4.5	3.94	-8.66	-4.85	-0.77
Cash From Operations, 5 Yr. CAGR %	12.33	-14.2	7.74	-9.98	10.97
Capital Expenditures, 5 Yr. CAGR %	5.14	-22.93	-17.58	-25.76	6.92
Levered Free Cash Flow, 5 Yr. CAGR %	9.71	-11.39	65.37	18.7	15.38
Unlevered Free Cash Flow, 5 Yr. CAGR %	15.35	-19.64	55.95	11.53	10.6