Mayur Uniquoters Limited Buyback 2024
1. About: Mayur Uniquoters Limited operates primarily as a manufacturer and exporter of synthetic leather. The company leverages a B2B model, supplying high-quality synthetic leather to various industries, including automotive, footwear, furnishing, and fashion.
2. Products and Services:
a) Automotive Upholstery: Provides synthetic leather for car seats, door trims, and other automotive interiors.
b) Footwear: Supplies synthetic leather for shoes, sandals, and other footwear components.
c) Furnishing: Offers materials for furniture upholstery, including sofas and chairs.
d) Fashion Accessories: Manufactures synthetic leather for bags, belts, and other fashion items.
3. Branches and Global Reach: Mayur Uniquoters has a strong domestic presence in India with multiple manufacturing units. The company also has a significant international footprint, exporting products to over 50 countries, including major markets in Europe, the US, and Southeast Asia.
4. Achievements: Recognized for its commitment to quality and innovation, Mayur Uniquoters has received several industry awards and certifications. The company is a preferred supplier for many leading global automotive and footwear brands, reflecting its reputation for high-quality products.
5. Innovation and Quality Control: Mayur Uniquoters invests heavily in research and development to innovate new products and improve existing ones. The company maintains stringent quality control processes to ensure that all products meet international standards.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Aug 23 2024 |
| Buyback Opening Date: | Aug 29 2024 |
| Buyback Closing Date: | Sep 04 2024 |
| Buyback Offer Amount: | ₹ 40 Cr. |
| Date of Board Meeting approving the proposal: | Aug 08 2024 |
| Date of Public Announcement: | Aug 08 2024 |
| Buyback Offer Size: | 1.14% |
| Buyback Number of Shares: | 5,00,000 |
| FV: | 5 |
| Buyback Price: | ₹ 800 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (in cr) | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales + | 528 | 513 | 656 | 776 | 803 |
| Expenses + | 424 | 391 | 531 | 637 | 644 |
| Operating Profit | 104 | 122 | 126 | 139 | 159 |
| OPM % | 20% | 24% | 19% | 18% | 20% |
| Other Income | 20 | 20 | 20 | 18 | 32 |
| Interest | 2 | 4 | 2 | 2 | 3 |
| Depreciation | 18 | 18 | 20 | 22 | 29 |
| Profit before tax | 104 | 120 | 123 | 132 | 159 |
| Tax % | 23% | 25% | 23% | 21% | 23% |
| Net Profit + | 80 | 90 | 94 | 104 | 122 |
| EPS in Rs | 17.6 | 20.13 | 21.17 | 23.71 | 27.86 |
|
Dividend Payout %
|
23% | 10% | 9% | 8% | 11% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 158000 | 158000 | 158000 | 158000 |
| No. of Shares Buyback | 82 | 125 | 187 | 250 |
| Buyback Profit | 13776 | 21000 | 31416 | 42000 |
| Profit% | 8.72% | 13.29% | 19.88% | 26.58% |
19 Comments
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In my one account Accepted share 8/93 & in 2nd account 2/10
AR is 24/270 in my case. Not even 10%.
Very poor AR. I thought of making some quick money, got trapped. Lesson learned.
Thanks
Shri Shivramakrishana ji
for update.
Respected
Shri Shiv Rama Krishan ji,
Would you please inform from where you got ER today (10/270)
Thanks Brother.
I got mail.
ER is 10/270 in my case. All the best to all of you.
tiil buyback board meating 13 aug.
Other upcoming buyback Company Name
Any update buy back price ?
500000 shares at Rs 800
Source
VLS FINANCE BORD MEETING 9AUG
Other upcoming buyback Company Name
It is essential for the company to ensure that buyback transaction complete before the deadline to comply with the specified limits to qualify for tax-free income. I.e. 1st October!! That’s why we may see that all the current buyback will be small in size i.e. below 10% of paid up capital and free reserve , as the same will not required to comply with special resolutions and postal ballot requirements !!
Financial parameters look good.Awaiting the board meeting outcome.
Goji, normally what are the things that you check in a particular stock before taking any position?
I give lot of weightage to the Salient financial features given above, particularly to sales growth 💹, opm percentage, interest, net profit etc.without considering the Corona your 2021. Then I look at the fundamentals of the company given in Zerodha portal, mainly P/E and P B including that of the sector.
are you participating in this, 20% arbitrage is there but acceptance will be low, and is this certain that money will be available by 1st october