Morarjee Textiles Ltd
Incorporated in 1995, Morarjee Textiles Ltd
manufactures and sells yarn and fabric[1]
- Market Cap ₹ 52.4 Cr.
- Current Price ₹ 14.4
- High / Low ₹ 32.8 / 11.4
- Stock P/E
- Book Value ₹ -94.6
- Dividend Yield 0.00 %
- ROCE -21.8 %
- ROE %
- Face Value ₹ 7.00
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -10.5% over past five years.
- Contingent liabilities of Rs.27.7 Cr.
* 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 - Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
313 | 364 | 392 | 365 | 337 | 377 | 361 | 349 | 382 | 194 | 272 | 207 | 71 | |
271 | 299 | 316 | 306 | 283 | 315 | 292 | 308 | 340 | 191 | 266 | 259 | 94 | |
Operating Profit | 42 | 65 | 76 | 60 | 54 | 62 | 69 | 41 | 42 | 3 | 6 | -52 | -23 |
OPM % | 14% | 18% | 19% | 16% | 16% | 16% | 19% | 12% | 11% | 1% | 2% | -25% | -32% |
0 | 0 | 0 | 2 | 2 | 7 | 6 | 2 | 2 | 1 | 1 | -31 | -39 | |
Interest | 29 | 27 | 25 | 19 | 23 | 40 | 51 | 54 | 57 | 55 | 72 | 80 | 79 |
Depreciation | 14 | 14 | 16 | 10 | 10 | 19 | 23 | 23 | 24 | 23 | 23 | 22 | 21 |
Profit before tax | -1 | 24 | 34 | 33 | 24 | 10 | 1 | -34 | -37 | -74 | -88 | -185 | -163 |
Tax % | -4% | 0% | 18% | 36% | 30% | -14% | 50% | 29% | 29% | 17% | 0% | -0% | |
-1 | 24 | 28 | 21 | 16 | 12 | 0 | -25 | -26 | -62 | -88 | -185 | -163 | |
EPS in Rs | 6.59 | 7.77 | 5.74 | 4.54 | 3.31 | 0.14 | -6.76 | -7.29 | -16.99 | -24.28 | -51.04 | -44.98 | |
Dividend Payout % | 0% | 27% | 32% | 31% | 31% | 42% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -6% |
5 Years: | -11% |
3 Years: | -18% |
TTM: | -70% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 19% |
Stock Price CAGR | |
---|---|
10 Years: | -10% |
5 Years: | 3% |
3 Years: | -14% |
1 Year: | -20% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
Reserves | 50 | 57 | 72 | 83 | 91 | 88 | 82 | 58 | 31 | -30 | -119 | -304 | -369 |
Preference Capital | 25 | 25 | 25 | 25 | 25 | 0 | 24 | 15 | 0 | 15 | 0 | 0 | |
222 | 203 | 200 | 195 | 356 | 501 | 497 | 495 | 380 | 502 | 525 | 515 | 522 | |
80 | 113 | 113 | 123 | 142 | 124 | 129 | 144 | 248 | 160 | 195 | 267 | 284 | |
Total Liabilities | 377 | 398 | 411 | 426 | 614 | 739 | 733 | 723 | 685 | 657 | 627 | 504 | 463 |
209 | 234 | 222 | 217 | 296 | 512 | 499 | 477 | 455 | 432 | 410 | 388 | 377 | |
CWIP | 3 | 2 | 9 | 15 | 70 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 8 | 8 | 8 | 8 | 5 | 5 | 5 | 1 | 1 | 0 | 0 | 0 |
165 | 154 | 172 | 186 | 240 | 218 | 229 | 240 | 229 | 224 | 217 | 116 | 86 | |
Total Assets | 377 | 398 | 411 | 426 | 614 | 739 | 733 | 723 | 685 | 657 | 627 | 504 | 463 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
22 | 90 | 55 | 23 | 40 | 61 | 53 | 70 | 175 | -98 | 18 | 8 | |
-13 | -54 | -10 | -11 | -162 | -135 | -8 | -1 | 6 | -0 | -0 | -0 | |
-9 | -36 | -44 | -12 | 130 | 74 | -43 | -65 | -187 | 103 | -6 | -22 | |
Net Cash Flow | -0 | -1 | -0 | -0 | 8 | 0 | 2 | 4 | -6 | 5 | 12 | -14 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 50 | 58 | 57 | 64 | 77 | 59 | 54 | 43 | 34 | 67 | 28 | 9 |
Inventory Days | 178 | 172 | 176 | 205 | 265 | 321 | 395 | 331 | 216 | 315 | 209 | 101 |
Days Payable | 105 | 114 | 90 | 98 | 176 | 253 | 236 | 292 | 225 | 412 | 242 | 248 |
Cash Conversion Cycle | 124 | 116 | 143 | 170 | 166 | 126 | 213 | 82 | 25 | -30 | -5 | -139 |
Working Capital Days | 89 | -25 | 42 | 69 | 90 | 54 | 109 | 62 | -67 | 120 | -9 | -295 |
ROCE % | 9% | 16% | 19% | 16% | 11% | 9% | 8% | 3% | 4% | -4% | -3% | -22% |
Documents
Announcements
- Closure of Trading Window 27 Jun
- Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors 20 Jun
- Disclosure Of Non-Readiness/Delay In Preparation Of Financial Results (Both Standalone And Consolidated) For The Quarter And Year Ended March 31, 2024 Under Regulation 33 Of The SEBI (LODR) Regulations, 2015 By Morarjee Textiles Limited 13 Jun
- Compliances-Reg.24(A)-Annual Secretarial Compliance 30 May
- Appointment Of Secretarial Auditor 28 May
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2011
from nse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2010
from nse
Business Overview:[1]
Company offers premium and high-value
niche product segments with 2 divisions
viz. Premium Yarn dyed shirting division and Fashion fabric division (for voile, satin, poplin, and other high-end products). It provides spinning, yarn-dyeing, weaving, printing, processing, inspection, and packing
facilities with technical collaboration
with a Swiss company for finishing, and a Japanese company for printing.