Is Manomay Tex India Ltd (MANOMAY) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Manomay Tex India Ltd is a below average quality company .

Is Manomay Tex India Ltd (MANOMAY) undervalued or overvalued?

The key valuation ratios of Manomay Tex India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Manomay Tex India Ltd (MANOMAY) share price return in the past 10 years?

Data is not available for this company

Is Manomay Tex India Ltd (MANOMAY) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Manomay Tex India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Manomay Tex India Ltd (MANOMAY)?

Company share prices are keep on changing according to the market conditions. The current trading price of Manomay Tex India Ltd (MANOMAY) on 17-Apr-2026 16:59:59 at 16:59 is 219.20.

What is the P/E ratio of Manomay Tex India?

The latest standalone P/E ratio of Manomay Tex India as of 17-Apr-2026 is 21.48.

What is the P/B ratio of Manomay Tex India Ltd (MANOMAY)?

The latest standalone P/B ratio of Manomay Tex India Ltd (MANOMAY) as of 17-Apr-2026 is 2.37.

What is the 52-week high and low of Manomay Tex India Ltd (MANOMAY)?

The 52-week high of Manomay Tex India Ltd (MANOMAY) is Rs. 279.60 and the 52-week low is Rs. 154.00.

Manomay Tex India Ltd (MANOMAY) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Manomay Tex India Ltd (MANOMAY)
Brand: Manomay Tex India

Key Metrics

Market Cap

₹386 Cr.

P/E Ratio

21.48

Price to Book (P/B)

2.37

Price to Sales (P/S)

0.56

EV/EBITDA

9.21

Return on Capital Employed (ROCE)

12.74%

Current Price

₹219.2

Return on Equity (ROE)

13.89%

Return on Assets (ROA)

3.20%

Operating Profit Margin

12.3%

Net Profit Margin

2.76%

Gross Profit Margin

7.9%

Book Value per Share

₹90.1

Sales Growth (YoY)

19.52%

Sales Growth (3 Years)

5.74%

Operating Profit Growth (1 Year)

76.4%

Operating Profit Growth (3 Years)

43.21%

Net Profit Growth (1 Year)

48.08%

52-Week Low / High

₹154 / 280

Net Profit Growth (3 Years)

35.69%

Dividend Yield

0.00%

Promoter Holding

57.31%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Manomay Tex India Ltd?

Manomay Tex India Ltd revenue growth is 19.5% for FY-2025 , which is above its 5 year CAGR of 11.4% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Manomay Tex India Ltd?

Promoters hold 57.31% of the Manomay Tex India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Manomay Tex India Ltd vs industry peers?

Manomay Tex India Ltd revenue CAGR is 11.44% , compared to the industry median CAGR of 0.00% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Manomay Tex India Ltd belong to?

Manomay Tex India Ltd belongs to the Textiles & Apparels sector, operating specifically within the Textile - Weaving segment.

Q.1 Stock return of Manomay Tex India Ltd over the last decade?

Over the last 5 year(s), the stock has delivered a CAGR of 48.85% based on the current price.

DeciZen - make an informed investing decision on Manomay Tex India

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

3. Price Trend

Manomay Tex India stock performance

Key Ratios

Is Manomay Tex India Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	10.3%	10.3%	11.8%	11.4%	11.2%	7.1%	11.3%	12.9%	10.1%	12.7%	-
Value Creation Index ⓘ	-0.3	-0.3	-0.2	-0.2	-0.2	-0.5	-0.2	-0.1	-0.3	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	217	273	286	377	405	321	590	699	583	697	686
Sales YoY Gr.	-	25.3%	5%	31.7%	7.7%	-20.8%	83.5%	18.6%	-16.6%	19.5%	-
Adj EPS ⓘ	1.4	1.8	2.6	3.7	4.5	1.9	5.2	7.2	7.2	10.7	10
YoY Gr.	-	25.5%	48%	42%	22%	-58.6%	178.7%	37.2%	-0.1%	48.6%	-
BVPS (₹) ⓘ	24	28	30.7	35.4	40	41.8	46.2	64.2	71.5	82.1	90.1
Adj Net Profit ⓘ	1.3	2.2	3.3	4.7	6.7	2.8	7.7	13	13	19.3	18
Cash Flow from Ops. ⓘ	7.5	4.5	8.2	11.5	18.9	-1.1	-9.4	11.7	12.8	4.2	-
Debt/CF from Ops. ⓘ	7.1	11.3	9.7	8.2	4.6	-87.4	-15.1	12.4	23.4	79.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.8%	11.4%	5.7%	19.5%
Adj EPS ⓘ	25.2%	18.6%	26.8%	48.6%
BVPSⓘ	14.6%	15.5%	21.1%	14.9%
Share Price	-	48.9%	17.6%	20.8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	7.1	7.9	8.9	11.3	12.9	4.6	11.9	14.1	10.6	13.9	11.6
Op. Profit Mgn % ⓘ	4	4.6	6.2	6.8	6.3	5.5	4.9	6	8.3	12.3	11.8
Net Profit Mgn % ⓘ	0.6	0.8	1.2	1.3	1.6	0.9	1.3	1.9	2.2	2.8	2.6
Debt to Equity ⓘ	2.5	1.4	2.1	2.1	1.5	1.5	2.1	1.3	2.3	2.2	-
Working Cap Days ⓘ	50	63	86	103	120	163	123	139	198	197	106
Cash Conv. Cycle ⓘ	19	29	38	42	52	84	72	93	145	147	30

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	10	-
TTM Sales (₹ Cr.)	686	-
BVPS (₹) ⓘ	90.1	-
Reserves (₹ Cr.) ⓘ	145	-
P/BV ⓘ	2.37	-
PE ⓘ	21.48	-

From the Market
52 Week Low / High (₹)	154.00 / 279.60
All Time Low / High (₹)	23.45 / 316.80
Market Cap (₹ Cr.)	386
Equity (₹ Cr.)	18.1
Face Value (₹)	10
Industry PE ⓘ	15.7

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Manomay Tex India - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	217	273	286	377	405	321	590	699	583	697
Operating Expenses ⓘ +	209	260	268	351	380	304	560	657	535	611
Manufacturing Costs	54	60	61	96	97	68	129	150	117	141
Material Costs	146	187	191	230	249	200	369	457	373	404
Employee Cost	4	6	9	12	15	11	16	18	24	36
Other Costs ⓘ	4	7	8	14	20	25	47	33	20	30
Operating Profit ⓘ	9	13	18	25	26	18	29	42	49	86
Operating Profit Margin (%)	4.0%	4.6%	6.2%	6.8%	6.3%	5.5%	4.9%	5.9%	8.3%	12.3%
Other Income ⓘ +	0	1	0	0	0	0	0	0	1	1
Exceptional Items ⓘ	0	0	0	-1	0	0	0	0	0	0
Interest ⓘ	3	5	6	7	9	7	9	14	18	32
Depreciation ⓘ	3	5	6	10	10	7	9	11	15	29
Profit Before Tax ⓘ	2	4	6	7	7	4	12	16	17	26
Tax ⓘ	1	1	3	3	1	1	4	3	4	7
Profit After Tax	1	2	3	4	7	3	8	13	13	19
PAT Margin (%)	0.6%	0.9%	1.2%	1.1%	1.7%	0.9%	1.3%	1.9%	2.2%	2.8%
Adjusted EPS (₹)	1.4	1.9	2.6	3.2	4.6	1.9	5.3	7.2	7.2	10.7
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	21	36	39	45	59	61	68	116	129	148
Share Capital ⓘ	2	13	13	13	15	15	15	18	18	18
Reserves ⓘ	20	23	26	32	44	47	53	98	111	130
Debt +	48	46	72	85	79	86	130	133	283	309
Long Term Debt	37	33	53	52	38	47	72	74	191	186
Short Term Debt	11	13	19	33	41	39	57	59	92	123
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	19	25	34	60	45	50	94	109	132	122
Others Liabilities ⓘ	7	10	13	17	17	17	31	35	41	39
Total Liabilities ⓘ	96	115	158	207	200	215	322	393	585	618
Fixed Assets
Net Fixed Assets ⓘ +	52	54	49	69	62	56	57	67	218	200
Gross Block	59	66	67	96	98	100	66	88	253	265
Accumulated Depreciation	7	12	18	27	36	43	9	21	35	65
CWIP ⓘ	0	0	24	1	0	0	19	12	0	9
Investments ⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	13	22	23	46	56	56	91	107	171	210
Trade Receivables	24	31	46	66	56	79	121	145	140	141
Cash Equivalents	4	5	4	4	5	5	3	24	21	2
Others Assets ⓘ	4	3	12	21	21	19	31	37	35	55
Total Assets ⓘ	96	115	158	207	200	215	322	393	585	618

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	7	5	8	11	19	-1	-9	12	13	4
PBT ⓘ	2	4	6	7	7	4	12	16	17	26
Adjustment ⓘ	3	5	6	10	10	7	18	26	33	61
Changes in Working Capital ⓘ	-1	-8	-7	-11	-6	-17	-35	-25	-32	-78
Tax Paid ⓘ	-1	-1	-3	-3	-1	-1	-4	-6	-5	-5
Cash Flow From Investing Activity ⓘ +	-31	-7	-25	-5	-1	-1	-30	-23	-163	-3
Capex	-32	-8	-1	-31	-2	-1	-29	-15	-154	-21
Net Investments	0	0	0	0	0	0	-1	-8	-10	18
Others ⓘ	2	1	-24	26	1	-0	-0	0	0	-0
Cash Flow From Financing Activity ⓘ +	25	3	16	-6	-16	2	39	25	138	-2
Net Proceeds from Shares ⓘ	4	11	0	0	7	0	0	35	0	0
Net Proceeds from Borrowing ⓘ	24	-4	20	-1	-14	9	27	2	122	-2
Interest Paid ⓘ	-3	-5	-6	-7	-9	-7	-8	-14	-17	-30
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	1	2	2	-1	0	20	2	33	31
Net Cash Flow ⓘ	1	1	-1	0	1	0	0	14	-13	-1

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	7.06	8.23	8.93	9.62	13.09	4.59	11.92	14.09	10.62	13.89
ROCE (%)	10.27	10.34	11.84	11.44	11.19	7.07	11.33	12.94	10.08	12.74
Asset Turnover Ratio	3.12	2.66	2.13	2.07	2	1.55	2.2	1.96	1.2	1.16
PAT to CFO Conversion(x)	7	2.5	2.67	2.75	2.71	-0.33	-1.13	0.92	1	0.21
Working Capital Days
Receivable Days	28	36	48	54	55	76	62	69	89	74
Inventory Days	16	23	28	33	46	64	46	52	87	100
Payable Days	37	43	56	74	77	88	53	42	46	44

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Announcements

Manomay Tex India Ltd FAQs

The current trading price of Manomay Tex India on 17-Apr-2026 16:59 is ₹219.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Manomay Tex India stood at ₹386.0 Cr

The latest P/E ratio of Manomay Tex India as of 16-Apr-2026 is 21.48.

The latest P/B ratio of Manomay Tex India as of 16-Apr-2026 is 2.37.

The 52-week high of Manomay Tex India is ₹279.6 and the 52-week low is ₹154.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Manomay Tex India is ₹686 ( Cr.) .

About Manomay Tex India Ltd

Manomay Tex India was originally incorporated as ‘Manomay Tex India Private Limited’ at Bhilwara, Rajasthan as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated April 13, 2009 issued by Registrar of Companies, Rajasthan. Subsequently, the company was converted into Public Company pursuant to Shareholders resolution passed at the Extraordinary General Meeting of Company held on January 02, 2017 and the name of company was changed to Manomay Tex India Limited and a fresh Certificate of Incorporation Consequent upon Conversion from Private Company to Public Company dated January 06, 2017.

It primarily manufactures and sells denims & denim fabrics in domestic and international markets. They are known and identified in textile industry by the brand name ‘Manomay’. The company has ventured into several overseas markets, and its customer base is currently distributed across India as well as places such as Latin America, the Middle East, and Asia. Their customers are mostly traders of fabrics who in turn sell products to industrial users. Their integrated manufacturing facility and their relationship with traders are key factors of success in the industry.

The denim manufactured by it ranges from 9 to 14 Oz/ Sq. yd. with different blends of cotton, polyester, etc. with foam and wet finishes. The unit is equipped with adequate facilities and machineries. It procures the raw materials i.e. yarn from its Spinning Unit and the local suppliers and weave fabric. The process of sizing, dyeing and finishing is done itself and outsourced to the third parties. Its integrated manufacturing facility and its relationship with its traders are key factors of success in the industry.

Business area of the company

The company primarily manufactures and sells denims & denim fabrics in India and international markets. They are known and identified in textile industry by the brand name ‘Manomay’.

Product segments of the company:

2/1 Twill: Very similar to 3/1 Basic Weave, 2/1 is just two warp threads for every weft thread, mainly used for light weight denim.
3/1 Twill: The Most Common Weave for Denim Fabric. 3/1 is just three warp threads for every waft thread and create a subtle diagonal ribbing pattern.
Satin: A type of Fabrics weave that produces a characteristically glossy, smooth or lustrous denim.
Dobby: Denim that’s produced on dobby loom, characterised by small geometric pattern and extra texture.
Knitt Dobby: A diagonal ribbing pattern denim with heavy weight.

Awards and recognitions

2017-2018: Company has Won TEXPROCIL Export Award 2017-18 in Gold Plaque for the Highest Exports of 'Denim Fabrics' under Category I from the Cotton Textiles Export Promotion Council.
2018-2019: Gold Trophy for the Highest Exports of (Cotton) ‘Denim Fabrics'. Under Category II (Export performance above Rs 75 crore and up to Rs 250 crore) from the Cotton Textiles Export Promotion.
2019-2020: Gold Trophy for the Highest Exports of (Cotton) ‘Denim Fabrics'. Under Category II (Export performance above Rs 75 crore and up to Rs 250 crore) from the Cotton Textiles Export Promotion.
2019-2020: Rajasthan State Export Award 2020 from Government of Rajasthan Department of Industries & Commerce.
2020-2021: Gold Trophy for the Highest Exports of (Cotton) ‘Denim Fabrics'. Under Category II (Export performance above Rs 75 crore and up to Rs 250 crore) from the Cotton Textiles Export Promotion.
2022-2023: Silver Trophy for the Second Highest Exports of (Cotton) ‘Denim Fabrics'. Under Category II (Export performance above Rs 75 crore and up to Rs 250 crore) from the Cotton Textiles Export Promotion.

History and milestones

1978: Established as Dhanlaxmi Group, specializing in a wide range of Tex fabrics.
1989: Graduated from Dhanlaxmi group to Dhanlaxmi Synthetics, by installing Auto Looms at Ichalkaranji, Maharashtra.
1994: The foundation of Dhanlaxmi Weaving, specializing in wide range of Cotton Dhoties.
2000: Started the marketing of suiting fabrics in Bhilwara with the name of Mahalaxmi Synthetics.
2003: Renamed Mahalaxmi Synthetics to Citifab Suitings.
2006: Embarked on a new journey with a new plant of weaving established in Village Tradal Ichalkaranji. A Production Capacity of 45,00,000 m / annum.
2009: Laid the foundation of Manomay Tex India Private Limited.
2011: Purchased manufacturing unit in Rajasthan to foray its commercial production.
2012: Made a remarkable entry in the world of denims with a new and grand plant at Aaraji No.5, 6, 7, Jojro ka Khera, Gangrar, Chittorgarh, Rajasthan, with wide range of Denim Texs.
2013: Began commercial production of Denim Fabrics.
2015: Expansion of its production capacity, established a New Line of Denim Machineries.
2017: Converted company from Private Limited to Public Limited in January 2017.
2017: Listed its equity shares at BSE Limited on SME Platform in March.
2017: Expansion of Denim Plant: Installed new and advanced air jet looms and Indigo Dyeing Machineries.
2019: Raised capital through Preferential issue of Rs 7 crore.
2021: During the year, company installed Tsudakoma Brand New Automatic Shuttleless ZAX001NEO Air Jet Looms-36 Sets, at Plant site situated at Aaraji No.5,6,7 Gram-Jojro Ka Khera Tehsil-Gangrar, Dist.: Chittorgarh (Rajasthan) & company’s production capacity increased by 33%. Company has also removed 36 old looms.
2022: The company applied for registration of 1.1 MW Solar PV power project at plant Aaraji No.5,6,7, Jojro Ka khera, gangrar, Chittorgarh (Rajasthan) for captive use under Rajasthan Solar Energy Policy, 2019 and this registration was approved by Rajasthan Renewable Energy Corporation Limited on July 06, 2022.
2023: In the year 2022-23, the company has migrated from BSE Limited SME to BSE Limited mainboard and direct listing in NSE Limited mainboard. And also raised capital through Preferential issue of Rs 35 crore.
2024: The company has successfully setup and commenced the commercial production of cotton yarn at its spinning plant in Undawa, Gangrar, Chittorgarh, Rajasthan (India).
2025: In the Year 2025, the company has installed additional spindles for enhancing its existing capacity of Spinning unit. The additional 864 spindles which will lead to increasing production capacity.
2025: Manomay Tex India Limited has undertaken a forward integration initiative by entering the denim apparel segment under its own consumer brand, ‘Manomay - India’s First Denim CoreWear Brand.’ The company has a soft launch of its e-commerce platform on May 02, 2025, offering products such as denim formal pants, jeans, shorts, cargos, and lowers.

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Manomay Tex India Ltd (MANOMAY) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Manomay Tex India Share Price