As of 6 Nov 2026, Mayur Leather Products trades at 13.2× trailing earnings, below the industry P/E of 35.5×, and the shares are 34% below their 52-week high. It earns ROCE of 13% and ROE of 19%, though net profit is above operating profit, which points to a one-off gain. Debt is 1.47× equity. It is a small-cap company with a market cap of ₹15 Cr, ranked 25th of 27 Footwear & Accessories companies by market cap; the shares rose 85% over the past year.
- ₹31.87
- ₹31.87
- ₹30.28
- ₹31.87
- 1.2K
Health check
- ReturnsAhead
+85.0% over a year, better than 7 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityAverage
ROCE 12.8% vs peer median 15.5%.
- Balance sheetFair
Debt 1.47× equity, interest covered 72.6×, Piotroski 5 of 9.
- Red flags3 to check
Net profit is above operating profit, so a one-off gain is likely flattering earnings.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹15 Cr
- Small cap
- P/E
- 13.2
- Industry 35.5
- Price to book
- 4.93
- Peers 6.00
- Dividend yield
- 0.00%
- ROE
- 18.6%
- Peers 10.9%
- ROCE
- 12.8%
- Peers 15.5%
- Debt to equity
- 1.47
- Debt ₹3.89 Cr
- EPS (TTM)
- ₹2.30
- OPM (TTM)
- −432.8%
- Net margin 0.0%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- −30.10
- EV/EBITDA 99.3
Strengths and risks
Strengths
- Return on equity of 18.6%.
Risks to check
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 34% below its 52-week high.
- Interest coverage of only −14.9×.
About Mayur Leather Products
Mayur Leather Products Limited engages in the manufacture and export of leather shoe uppers, footwear, and other leather products in India. It also offers synthetic leather footwear. The company was incorporated in 1987 and is based in Jaipur, India.
- Headquarters
- Jaipur
- Employees
- 7
- Sector
- Consumer Cyclical
- ISIN
- INE799E01011
- Website
- mayurgroups.com
Price range
- Avg volume (3M)
- 13.4K
- 1-year return
- plus 85.0%
- From 52-week high
- minus 34.1%
Peers · Footwear & Accessories
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BATAINDIABata India | 638.05 | plus 0.06% | 8,201 | 54.5 | 6.61 | 11.2% | 10.9% | 19.7% | 0.6% | −25.4% | 5.33% | minus 40.2% |
| RELAXORelaxo Footwears | 292.10 | plus 0.21% | 7,271 | 39.2 | 3.29 | – | 8.4% | 9.6% | −0.9% | 5.1% | 1.20% | minus 32.7% |
| SAFARISafari Industries (India) | 1,254.40 | plus 0.39% | 6,146 | 39.7 | 5.14 | 18.6% | 16.2% | 9.6% | 19.1% | 10.3% | 0.32% | minus 40.6% |
| CAMPUSCampus Activewear | 197.99 | minus 1.03% | 6,052 | 39.3 | 6.67 | 20.7% | 18.1% | 45.0% | 6.1% | 8.6% | 0.76% | minus 27.5% |
| REDTAPERedtape | 106.57 | minus 0.91% | 5,891 | 23.2 | 6.00 | 29.5% | 26.6% | 15.1% | 18.3% | 19.2% | 1.88% | minus 21.5% |
| VIPINDVIP Industries | 239.55 | minus 4.31% | 3,403 | – | 16.30 | −50.6% | −74.6% | −14.7% | −3.8% | – | 0.00% | minus 38.4% |
| BILBhartiya International | 1,071.00 | minus 2.74% | 1,436 | 55.8 | 2.91 | 12.4% | 2.9% | 8.9% | 18.9% | −40.1% | 0.00% | plus 29.5% |
| MAYURMayur Leather Products | 30.28 | minus 4.99% | 15 | 13.2 | 4.93 | 12.8% | 52.2% | 0.0% | – | – | 0.00% | plus 85.0% |
| Median of 7 peers | – | −0.91% | 6,052 | 39.5 | 6.00 | 15.5% | 10.9% | 9.6% | 6.1% | 6.9% | 0.76% | −32.7% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| – | – | – | 0.5 | – | |
| – | – | – | 0.1 | – | |
| −0.1 | −0.1 | −0.1 | 0.3 | −0.1 | |
| – | – | – | 70.6% | – | |
| −0 | 0.5 | −0 | −0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.1 | 0.1 | 0 | 0 | 0 | |
| – | 0.3 | 0.4 | – | – | |
| −0.1 | 0.6 | 0.3 | 0.3 | −0.1 | |
| −0.1% | 0.0% | 0.0% | 0.0% | – | |
| −0.1 | 0.6 | 0.3 | 0.3 | −0.1 | |
| -0.23 | 1.30 | 0.55 | 0.63 | -0.18 |
Profit & loss
- ROE
- 18.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4 | 0.2 | – | – | |
| 8.3 | 0.4 | – | – | |
| −4.4 | −0.2 | −1.2 | −0.2 | |
| −109.3% | −84.4% | – | – | |
| 2.4 | 0.3 | 1.7 | 1 | |
| 0.5 | 0.5 | 0.1 | 0 | |
| 0.3 | 0.2 | 0.2 | 0.2 | |
| −0.7 | −0.2 | −0.1 | 0.6 | |
| −3.5 | −0.9 | 0 | 1.1 | |
| 0.1% | 0.1% | −2.9% | 0.0% | |
| −3.5 | −0.9 | 0.1 | 1.2 | |
| -7.22 | -1.80 | 0.12 | 2.47 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4.3 | 4.3 | 4.3 | 4.3 | |
| −3 | −2.2 | −2.3 | −1.1 | |
| 4.3 | 4.2 | 3.9 | 3.9 | |
| 8.6 | 6.5 | 6.7 | 6.9 | |
| 14.2 | 12.7 | 12.6 | 13.9 | |
| 2.9 | 2.7 | 3.6 | 2.9 | |
| – | 2.3 | 2.2 | 2.2 | |
| 0.3 | 0.1 | 0.1 | 0.9 | |
| 10.9 | 7.7 | 6.7 | 7.9 | |
| 14.2 | 12.7 | 12.6 | 13.9 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −0.2 | −0.2 | −0.7 | −0.6 | |
| −0.1 | 0.3 | 0.7 | 1.4 | |
| 0.5 | −0.3 | −0 | −0.1 | |
| 0.2 | −0.2 | −0 | 0.8 | |
| −2.1 | – | – | – | |
| −2.3 | −0.2 | −0.7 | −0.6 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.