Mohit Industries logo

MOHITIND - Mohit Industries Share Price

₹3.4 -0.2  -4.4%

Last Trade - 18/09/20

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £504k
Enterprise Value £5.91m
Revenue £18.3m
Position in Universe 2823rd / 3004
Bullish
Bearish
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Momentum
Relative Strength (%)
1m -3.88%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -44.7%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Mar 2015 2016 2017 2018 2019 2020 2021E 2022E CAGR / Avg
2,468 1,363 1,623 1,597 1,915 1,750 -6.6%
+47.7 +15.2 -6.2 -76.5 +58.0
PEG
Profitability
ROA
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Dividends
Balance Sheet
NFA
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FINANCIAL BRIEF: : For the fiscal year ended 31 March 2020, Mohit Industries Ltd revenues decreased 9% to RS1.75B. Net loss totaled RS486K vs. income of RS7M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Other Income Net decrease of 22% to RS30.9M (income), Share in Profit / (oss) of Associates (n decrease from RS138K (earnings) to RS3M (losses).
Health Trend(F-Score)
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Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2020
31st Dec 2021
Est. Long Term Growth Rate: Net Profit
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Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2019 /  2020
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Profile Summary

Mohit Industries Limited is a holding company. The Company is engaged in the manufacture of texturized yarn from partially oriented yarn (POY) and weaving of the yarn to grey cloth. The Company has approximately 20 texturizing machines, over 150 shuttle-less looms and approximately 140 conventional shuttle looms with a capacity to manufacture over 21,000 tons of draw texturized yarn (DTY) per annum and over 10 million meters grey fabrics per annum respectively. It offers various types of yarns, including DTY 50/36 NIM, DTY 75/34 SIM, DTY 75/34 HIM, DTY 90/36 SIM, DTY 150/48 NIM, DTY 150/144 SIM and DTY 200/48 NIM. The Company offers its products under the MOHIT brand name. The Company exports DTY Yarn to South Korea, Thailand, Czech Republic, Denmark, Germany, Bulgaria, Indonesia, the United Kingdom, Mexico, Brazil, Guatemala, Vietnam and various other countries. The Company's manufacturing plant is located in Kudasd Village, Taluka Olpad, Surat District.

Directors
Last Annual March 31st, 2020
Last Interim March 31st, 2020
Incorporated February 18, 1991
Public Since March 14, 2013
No. of Shareholders: n/a
No. of Employees: n/a
Sector Consumer Cyclicals
Industry Textiles & Apparel
Index
Exchange National Stock Exchange of India
Shares in Issue 14,157,575
Free Float (0.0%)
Eligible for
ISAs
SIPPs
MOHITIND Share Price Performance
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Latest News for MOHITIND
Upcoming Events for MOHITIND
Monday 28th September, 2020
Mohit Industries Ltd Annual Shareholders Meeting
Tuesday 29th September, 2020 Estimate
Mohit Industries Ltd Annual Shareholders Meeting
Monday 9th November, 2020 Estimate
Q2 2021 Mohit Industries Ltd Earnings Release
Frequently Asked Questions for Mohit Industries
What is the Mohit Industries share price?

As of 18/09/20, shares in Mohit Industries are trading at ₹3.4, giving the company a market capitalisation of £504k. This share price information is delayed by 15 minutes.

How has the Mohit Industries share price performed this year?

Shares in Mohit Industries are currently trading at ₹3.4 and the price has moved by -32.29% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Mohit Industries price has moved by -37.04% over the past year.

What are the analyst and broker recommendations for Mohit Industries?

There are no analysts currently covering Mohit Industries.

When will Mohit Industries next release its financial results?

Mohit Industries is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-03-31
What is the Mohit Industries dividend yield?

Mohit Industries does not currently pay a dividend.

Does Mohit Industries pay a dividend?

Mohit Industries does not currently pay a dividend.

When does Mohit Industries next pay dividends?

Mohit Industries does not currently pay a dividend.

How do I buy Mohit Industries shares?

To buy shares in Mohit Industries you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Mohit Industries?

Shares in Mohit Industries are currently trading at ₹3.4, giving the company a market capitalisation of £504k.

Where are Mohit Industries shares listed? Where are Mohit Industries shares listed?

Here are the trading details for Mohit Industries:

Country of listing: India
Exchange: NSI
Ticker Symbol: MOHITIND
What kind of share is Mohit Industries?

Based on an overall assessment of its quality, value and momentum, Mohit Industries is currently classified as a Contrarian. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Mohit Industries share price forecast 2020?

We were not able to load any forecast data for Mohit Industries.

How can I tell whether the Mohit Industries share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Mohit Industries. Over the past six months, the relative strength of its shares against the market has been -39.63%. At the current price of ₹3.4, shares in Mohit Industries are trading at -19.01% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Mohit Industries PE Ratio?

We were not able to find PE ratio data for Mohit Industries.

Who are the key directors of Mohit Industries?

Mohit Industries's management team is headed by:

Narayan Saboo - MDR
Naresh Saboo - MDR
Jayesh Gandhi - NID
Sachin Jain - NID
Ayushi Jain - NID
Manish Saboo - CFO
Pragya Memani - NID
Nikita Pediwal - CCO
Who are the major shareholders of Mohit Industries?

Here are the top five shareholders of Mohit Industries based on the size of their shareholding:

Mohit Yarns, Ltd. Corporation
Percentage owned: 13.92% (1.97m shares)
Mohit Overseas Pvt. Ltd. Corporation
Percentage owned: 11.29% (1.60m shares)
Mask Investments, Ltd. Corporation
Percentage owned: 10.09% (1.43m shares)
NXT Fab Pvt. Ltd. Corporation
Percentage owned: 4.62% (655k shares)
Saboo (Narayan Sitaram) Individual Investor
Percentage owned: 4.54% (643k shares)
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