ICICI Direct: Mayur Uniquoters - Proven Capabilities, Attractive Risk-Reward Opportunity
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ICICI Direct Report
Mayur Uniquoters Ltd. is a leading player in the domestic technical textile industry, manufacturing artificial/synthetic leather for a wide variety of applications viz. automotive (seat upholstery, inner linings), footwear (shoes/sandals insole, uppers), furnishing and apparel.
It has the capacity to manufacture approximately 3.7 crore metre/annum of polyvinyl chloride i.e. PVC artificial leather and approximately 0.7 crore metre/annum of polyurethane (PU) artificial leather.
It is a quality franchise with proven capabilities, which is highly capital efficient in nature, commanding strong double-digit margins and been a consistent CFO generator with net cash positive balance sheet.
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