The 5-year analysis of Morarjee Textiles Ltd's performance infers:
We analysed the performance of Morarjee Textiles Ltd share prices over the last 10 years. Here is what we found out:
Morarjee Textiles (MTL) is a successful member of the diversified Ashok Piramal Group (APG). Carrying forward the legacy of the erstwhile Morarjee Goculdas Spinning & Weaving Co. Ltd since 1871, MTL is among the oldest textile units in the country and was the Ashok Piramal Group's first industrial enterprise when they took over in 1934.
Morarjee Textiles (MTL) is a leading player in the premium shirting fabric business and high fashion printed fabric business for global markets. It has
Morarjee Textiles (MTL) is a leading player in the premium shirting fabric business and high fashion printed fabric business for global markets. It has completely integrated manufacturing plants with spinning, weaving, printing, processing and packing facilities. Its products are in the high value niche segment. MTL has two divisions - the shirting division and the printed fabric division.
MTLâ€™s competitive advantage lies in its innovative design, product development and flexible service offering. It makes premium voiles and high fashion printed fabrics for the Middle East, Far East, North African and European markets.
Its customer base is spread across 20 countries around the globe and is growing fast. Today it offers premium cotton shirting fabrics to most of the leading Indian and International brands. MTL also has a 49% stake in Just Textiles Ltd. which is currently engaged in the business of processing various textile fabrics with modern machinery installed at its factory in Ambernath, Mumbai.
To ensure growth and provide value to its stakeholders, MTL has recently entered the garments business in mid 2004 by establishing a subsidiary company - Integra Apparels & Textiles Pvt. Ltd. The business already has an impressive client list and is growing rapidly.
Product range of the company includes:
Morarjee Textiles Ltd. has left an indelible impression on the global fashion industry. Today, it is the preferred choice of premium brands such as Polo Ralph Lauren, Eddie Bauer, DKNY, GAP, Paul Smith, Zodiac, Louis Phillipe, Van Heusen, Zara among others.