Mayur Uniquoters - Soft Q4, But Long-Term Growth Drivers Intact: Systematix

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.Mayur Uniquoters Ltd. reported a soft Q4 FY22, as its revenue/Ebitda/profit after tax declined 9%/43%/28% YoY, driven by weak demand from its user industries (auto, footwear) and the aftermarket segment. However, profit after tax margin at 15.4% and healthy cash flows were encouraging in the tough business scenario. We expect margins to rebound on softening costs (raw material, freight etc.), considering demand has been recovering since April 2022. Supplies to Mercedes South Africa and Volkswagen India have picked pace; supply to BMW is expected to kick start by January 2023. Kia and Hyundai India would be serviced via the tie up with a Korean company, Baikson. Illegal Chinese imports impacted the ramp up at its polyurethane plant; Mayur Uniquoters estimates 40% plus compound annual growth rate in revenue to Rs 1 billion over the next few years on import substitution opportunity..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Mayur Uniquoters - Soft Q4, But Long-Term Growth Drivers Intact: Systematix

Mayur Uniquoters - Soft Q4, But Long-Term Growth Drivers Intact: Systematix

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