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Mayur Uniquoters Ltd

  • Mayur Uniquoters is primarily engaged in the business of manufacturing of artificial or synthetic leather (PVC Vinyl, PU – new capacity commissioned in 2020). Company is the Largest manufacturer of artificial leather, using the ‘Release Paper Transfer Coating Technology’ in India. Business model cyclical dependent on end-use industry cycles
  • Business Segments:

Automotive Market -60% (31%-domestic OEM, 9%-export OEM, 18%-Replacement market in Q2FY22) Footwear Market (32% of revenues)

  • Market Leader in the Indian Synthetic Leather mkt with 8% market share, with strong emphasis on quality.
  • Backward integrated into synthetic knitted fabric in 2012, leading to GPM improving to 45% from 25%
  • Approved vendor for leading automotive OEMs, in India and US/Europe (including Ford, BMW, Mercedes – South Africa, Ford, Chrysler, Volkswagen India etc) . 
  • Superior quality output due to Italian production lines; other competitors use Chinese lines 
  • Long approval cycles – lead to entry barriers – strong relationships with over 30-40 customers