Minaxi Textiles Ltd

Minaxi Textiles Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Minaxi Textiles Ltd

₹ 2.11 -2.76%
22 Nov - close price
minaxitextiles.com BSE: 531456
About

Incorporated on 1995, Minaxi Textiles Ltd is engaged in Weaving and manufacture of Cotton and Cotton Mixture Fabrics. Company is also engaged in weaving of grey cloth of suiting and shirting.

Key Points

Business Overview:[1]
Company deals in suiting products specializing in fancy suiting fabrics. Company supplies uniforms to government and semi-government department under tenders floated by them. Company has 30 year contract of Aditya Birla Group to weave Linen for them.

Website BSE
  • Market Cap ₹ 10.4 Cr.
  • Current Price ₹ 2.11
  • High / Low ₹ 4.35 / 1.51
  • Stock P/E
  • Book Value ₹ 0.40
  • Dividend Yield 0.00 %
  • ROCE -11.2 %
  • ROE -71.4 %
  • Face Value ₹ 1.00
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Pros

  • Debtor days have improved from 117 to 40.8 days.
  • Company's working capital requirements have reduced from 191 days to 93.8 days

Cons

  • Stock is trading at 5.21 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 38.6%
  • Company has a low return on equity of -41.2% over last 3 years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Processing

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
5.44 10.61 11.03 10.06 6.25 6.03 6.86 9.65 8.26 7.56 8.81 8.97 7.81
4.97 10.58 11.19 11.20 7.76 6.79 9.01 9.17 8.03 9.35 10.56 9.60 7.68
Operating Profit 0.47 0.03 -0.16 -1.14 -1.51 -0.76 -2.15 0.48 0.23 -1.79 -1.75 -0.63 0.13
OPM % 8.64% 0.28% -1.45% -11.33% -24.16% -12.60% -31.34% 4.97% 2.78% -23.68% -19.86% -7.02% 1.66%
0.05 0.00 0.02 0.07 0.00 0.00 -0.02 0.83 -0.01 0.00 0.02 0.01 0.55
Interest 0.53 0.67 0.51 0.45 0.46 0.69 0.57 0.32 0.30 0.41 0.24 0.43 0.41
Depreciation 0.16 0.16 0.16 0.16 0.16 0.15 0.15 0.15 0.15 0.15 0.12 0.15 0.13
Profit before tax -0.17 -0.80 -0.81 -1.68 -2.13 -1.60 -2.89 0.84 -0.23 -2.35 -2.09 -1.20 0.14
Tax % -23.53% -18.75% -27.16% -36.90% -15.96% -25.00% -25.26% 23.81% 43.48% -25.11% -21.05% -19.17% -14.29%
-0.13 -0.65 -0.59 -1.06 -1.79 -1.20 -2.16 0.63 -0.33 -1.76 -1.65 -0.96 0.16
EPS in Rs -0.03 -0.13 -0.12 -0.21 -0.36 -0.24 -0.44 0.13 -0.07 -0.36 -0.33 -0.19 0.03
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
37.82 52.68 54.48 54.17 55.93 54.73 44.38 16.72 14.80 31.06 29.21 34.29 33.15
33.67 48.07 47.97 47.83 49.70 48.35 39.31 13.72 13.68 30.31 34.77 37.12 37.19
Operating Profit 4.15 4.61 6.51 6.34 6.23 6.38 5.07 3.00 1.12 0.75 -5.56 -2.83 -4.04
OPM % 10.97% 8.75% 11.95% 11.70% 11.14% 11.66% 11.42% 17.94% 7.57% 2.41% -19.03% -8.25% -12.19%
0.26 0.21 0.43 0.75 0.56 0.17 0.10 -0.13 0.03 0.04 0.04 0.84 0.58
Interest 1.77 2.09 2.87 2.84 2.63 3.07 3.13 2.19 2.44 2.22 2.17 1.27 1.49
Depreciation 0.85 1.14 1.89 1.89 1.90 1.90 1.88 0.67 0.64 0.63 0.62 0.58 0.55
Profit before tax 1.79 1.59 2.18 2.36 2.26 1.58 0.16 0.01 -1.93 -2.06 -8.31 -3.84 -5.50
Tax % 34.64% 24.53% 30.28% 34.75% 37.17% 56.33% 0.00% -1,000.00% -16.58% -22.82% -25.15% -19.01%
1.17 1.20 1.52 1.54 1.41 0.69 0.16 0.12 -1.60 -1.59 -6.21 -3.11 -4.21
EPS in Rs 0.24 0.24 0.31 0.31 0.29 0.14 0.03 0.02 -0.32 -0.32 -1.26 -0.63 -0.85
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -4%
5 Years: -5%
3 Years: 32%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -73%
TTM: -38%
Stock Price CAGR
10 Years: 4%
5 Years: 45%
3 Years: 15%
1 Year: 38%
Return on Equity
10 Years: -6%
5 Years: -22%
3 Years: -41%
Last Year: -71%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5.56 5.56 5.56 5.56 5.56 5.56 5.56 5.56 5.56 5.56 4.94 4.94 4.94
Reserves 3.26 4.46 5.91 7.45 8.81 9.52 9.73 9.82 8.20 6.63 0.98 -2.15 -2.94
14.46 28.11 29.53 25.68 24.92 25.00 18.80 21.00 23.74 21.27 20.37 16.88 16.41
3.06 11.15 13.48 8.42 11.08 12.34 8.91 5.33 4.26 6.93 10.02 5.59 7.57
Total Liabilities 26.34 49.28 54.48 47.11 50.37 52.42 43.00 41.71 41.76 40.39 36.31 25.26 25.98
8.62 18.69 18.37 16.44 14.88 13.08 11.18 10.24 9.50 8.78 8.17 7.59 6.97
CWIP 0.06 0.78 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
17.66 29.81 36.11 30.67 35.49 39.34 31.82 31.47 32.26 31.61 28.14 17.67 19.01
Total Assets 26.34 49.28 54.48 47.11 50.37 52.42 43.00 41.71 41.76 40.39 36.31 25.26 25.98

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.48 -0.26 2.30 6.62 3.16 3.14 9.17 -0.23 -0.41 4.68 2.93 4.74
-0.19 -11.79 -0.82 0.08 0.09 0.00 0.07 0.14 0.13 0.13 0.01 0.01
0.35 11.56 -1.44 -6.69 -3.40 -2.99 -9.33 0.00 0.30 -4.69 -3.07 -4.76
Net Cash Flow 0.64 -0.49 0.04 0.02 -0.15 0.15 -0.10 -0.09 0.02 0.13 -0.13 -0.01

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 83.48 109.26 130.24 95.68 101.22 121.98 93.43 177.48 176.58 140.90 170.69 40.77
Inventory Days 82.99 89.88 116.57 108.89 125.34 172.37 258.58 785.02 736.00 225.55 116.63 101.26
Days Payable 22.86 84.90 101.99 58.68 76.55 97.84 101.35 149.60 113.35 87.58 113.30 55.05
Cash Conversion Cycle 143.61 114.24 144.82 145.89 150.01 196.51 250.66 812.90 799.23 278.87 174.02 86.98
Working Capital Days 124.21 116.12 122.34 121.02 117.40 150.72 178.96 574.35 684.87 281.92 196.06 93.78
ROCE % 15.77% 11.69% 12.76% 11.54% 12.54% 11.72% 8.87% 6.73% 1.46% 0.56% -20.55% -11.18%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
37.67% 37.67% 37.77% 37.85% 37.85% 37.85% 37.98% 37.98% 38.13% 38.34% 38.59% 38.61%
62.33% 62.33% 62.23% 62.16% 62.15% 62.16% 62.02% 62.02% 61.87% 61.66% 61.42% 61.40%
No. of Shareholders 11,92218,24118,72918,09417,69617,40016,98016,61816,35218,47118,54718,325

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