Mahalaxmi Rubtech Ltd. – Company Report
1. Company Overview
Mahalaxmi Rubtech Ltd. (MRT), founded in December 1991 and headquartered in Ahmedabad, Gujarat, is a specialized manufacturer in the field of technical textiles and rubber products. MRT is the only Indian developer of offset printing blankets and a leader in rubber-coated textiles, technical coated fabrics, and auxiliary products for various industrial uses. The company is ISO 9001 certified and part of the broader Mahalaxmi Group, which also operates in textiles, dyes, pigments, and PU-coated fabrics. MRT is publicly listed, exports globally, and emphasizes innovation, R&D, and operational excellence. As of July 2025, it has a market capitalization of approximately ₹234 crore.
- Incorporated: 1991
- Headquarters: Ahmedabad, Gujarat, India
- Employees: 51–200
- Certifications: ISO 9001
- Executive Leadership: Rahul Jeetmal Parekh (MD & Executive Director), Jeetmal Bhoorchand Parekh (Chairman)
- Listed: Indian stock exchanges
2. Products and Services
Mahalaxmi Rubtech Ltd. offers a wide portfolio of products across domestic and international markets:
- Offset Printing Blankets: India’s leading developer of offset and UV printing blankets, with products like Xpeedo-Web, Rapid-Web, Print UV, Royal Green, Robusto, Spectra, Stripcoat, Ultra, Polset, Underlay, and more.
- Technical Coated Fabrics: PVC, PU, acrylic-coated, and other technical fabrics used in industrial and media applications.
- Textiles: Traditional and industrial-grade woven fabrics, including Maheeka branded grey fabrics.
- Rubber Products: Synthetic rubber, coated cotton textiles, air cells, and hydraulic seals for diverse industrial customers.
- Custom Applications: Specialized products for garments, home textiles, auxiliary chemicals, and coatings.
- Export Markets: Products are exported globally and tailored to meet international quality benchmarks.
3. Recent News and Financial Performance
Business Developments:
- FY2025 marked the completion of a scheme of arrangement involving a business demerger.
- Focused R&D and operational improvements contributed to cost efficiencies and product diversification.
- Expanded product lines and growing international partnerships led to an uptick in exports.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹92.1 crore |
| Net Profit | ₹16.78 crore |
| Operating Profit | ₹24 crore |
| Operating Margin | 26% |
| Earnings Per Share | ₹15.83 |
| Dividend | No Dividend Payout |