X

Morarjee Textiles Ltd. Stock Analysis

Small Cap
Evaluated by 179 users | BSE: 532621 | NSE: MORARJEE |
Textile - Weaving
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...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 6.4%7.38%14.69%15.55%10.26%7.56%6.67%5.5%2.29%2.63%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 330291364392365337377361349382
Y-o-Y Gr. Rt.--11.9%25.3%7.7%-6.8%-7.8%12%-4.3%-3.4%9.6%
Adjusted EPS (Rs.) 0.151.147.38.635.514.242.6-0.5-6.54-7.29
Y-o-Y Gr. Rt.-660%540.4%18.2%-36.2%-23.1%-38.7%-119.2%NANA
Book Value per Share (Rs.) 14.5320.0722.6326.9329.832.0531.1829.5522.8515.68
Adjusted Net Profit 0.64.226.531.42015.49.4-1.8-23.8-26.5
Net Op. Cash Flow (Rs. Cr.) 15.722.490.254.647.83960.952.770.1175
Debt to Cash Flow from Ops 15.759.52.253.654.079.148.239.897.272.17
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Morarjee Textiles Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.6%0.9%0.4%9.6%
Adjusted EPS -254%-205.8%-241%NA
Book Value per Share 0.9-12.1-20.5-31.4
Share Price -3.4% -24.5% -43.6% -25.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 0.824.7325.8627.2715.6411.217.41-1.65-24.96-37.82
Operating Profit Margin (%) 12.7115.618.9520.516.3416.0916.4119.0312.1311.03
Net Profit Margin (%) 0.171.437.2985.484.572.5-0.5-6.82-6.93
Debt to Equity 3.182.171.891.621.462.524.424.856.146.67
Working Capital Days 154186152150177225217222234206
Cash Conversion Cycle 62826473939775726827
Entity Percentage Holding
Promoters 59.71%
Institutions 4.72%
Non-Institutions 35.57%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Morarjee Textiles Ltd.'s performance infers:

Morarjee Textiles Ltd. earnings have declined by -205.8%, whereas share price has depreciated -24.5% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Morarjee Textiles Ltd. share prices over the last 10 years. Here is what we found out:

Morarjee Textiles Ltd. share price has depreciated -10.1% annually over the past ten years.

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 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 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.

MTL’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:

  • Shirtings- Morarjee Textiles provides shirting fabric to a worldwide audience. It specializes in premium color woven and distinctive finish to fabrics and meet the niche requirements and exacting specifications of its clientele.
  • Fashion- Apart from India, its fashion fabrics find favour with various renowned names from Europe, the US, and Australia. Its core qualities are evident in the array of fabrics in fine counts, 100% cotton satins, and premium voiles.
  • Traditional - Morarjee Textiles caters to the Middle East and African subcontinent along with the conversion centers in Europe and Far East for its traditional ensembles.

Clientele:

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback