Mayur LeatherProduct
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Amita Poddar, chairperson of Mayur Leather Products, sold 6,00,000 equity shares representing 12.41% of the company's total share capital through open market transactions on June 12. The sale reduced her stake to 1.78% from 14.19%. The move follows a similar complete exit by fellow promoter Rajendra Kumar Poddar, deepening concerns about management confidence in the financially distressed nano-cap company, which has reported zero operating revenue and faces going-concern uncertainties.
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Amita Poddar, chairperson of Mayur Leather Products, sold 6,00,000 equity shares representing 12.41% of the company's total share capital through open market transactions on June 12. The sale reduced her stake to 1.78% from 14.19%. The move follows a similar complete exit by fellow promoter Rajendra Kumar Poddar, deepening concerns about management confidence in the financially distressed nano-cap company, which has reported zero operating revenue and faces going-concern uncertainties.
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What does Mayur LeatherProduct do?
Mayur Leather Products Ltd specializes in manufacturing and exporting leather shoes, shoe uppers, and polyurethane shoes for the market segment of Shoes, Uppers, and Common.
Who are the competitors of Mayur LeatherProduct?
Mayur LeatherProduct major competitors are NB Footwear, Opal Luxury Time, Equilateral Enterp., Alka Diamond, Marc Loire Fashions, KSR Footwear, Superhouse. Market Cap of Mayur LeatherProduct is ₹11 Crs. While the median market cap of its peers are ₹15 Crs.
Is Mayur LeatherProduct financially stable compared to its competitors?
Mayur LeatherProduct seems to be less financially stable compared to its competitors. Altman Z score of Mayur LeatherProduct is 0 and is ranked 5 out of its 8 competitors.
Does Mayur LeatherProduct pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Mayur LeatherProduct latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Mayur LeatherProduct allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Mayur LeatherProduct balance sheet?
Mayur LeatherProduct balance sheet is weak and might have solvency issues
Is the profitablity of Mayur LeatherProduct improving?
Yes, profit is increasing. The profit of Mayur LeatherProduct is ₹0.03 Crs for Mar 2025, -₹0.87 Crs for Mar 2024 and -₹3.49 Crs for Mar 2023
Is the debt of Mayur LeatherProduct increasing or decreasing?
The net debt of Mayur LeatherProduct is decreasing. Latest net debt of Mayur LeatherProduct is ₹2.95 Crs as of Mar-26. This is less than Mar-25 when it was ₹3.71 Crs.
Is Mayur LeatherProduct stock expensive?
There is insufficient historical data to gauge this. Latest PE of Mayur LeatherProduct is 10.12
Has the share price of Mayur LeatherProduct grown faster than its competition?
Mayur LeatherProduct has given better returns compared to its competitors. Mayur LeatherProduct has grown at ~78.23% over the last 8yrs while peers have grown at a median rate of -8.05%
Is the promoter bullish about Mayur LeatherProduct?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Mayur LeatherProduct is 40.69% and last quarter promoter holding is 52.02%
Are mutual funds buying/selling Mayur LeatherProduct?
There is Insufficient data to gauge this.