Morarjee Textiles Ltd Stock Analysis

BSE: 532621 | NSE: MORARJEE | Textile - Weaving | Small Cap

BSE Share Price Jan 18, 18:01
26.65 -0.55 (-2.02%)

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10 Year X-Ray of Morarjee Textiles:

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 7.4%14.7%15.6%10.3%7.6%6.7%5.5%2.3%2.6%-4.4%-
Value Creation Index -0.50.10.1-0.3-0.5-0.5-0.6-0.8-0.8NA-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 291364392365337377361349382194254
YoY Gr. Rt. %-25.3%7.7%-6.8%-7.8%12%-4.3%-3.4%9.6%-49.3%-
Adj EPS 1.17.38.65.54.22.6-0.5-6.5-7.3-16.2-19.7
YoY Gr. Rt. %-540.4%18.2%-36.2%-23.1%-38.7%-119.2%NANANA-
BVPS (₹) 20.122.626.929.832.131.229.622.915.7-1.4-13.6
Adj Net Profit 4.226.531.42015.49.4-1.8-23.8-26.5-59-72
Cash Flow from Ops. 22.490.254.647.83960.952.770.1175-98.2-
Debt/CF from Ops. 9.52.33.74.19.18.29.97.32.2-5.3-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales -4.4%-10.5%-18.7%-49.3%
Adj EPS -234.3%-230.8%NANA
BVPS -174.2-153.2-135.8-108.7
Share Price 9.3% -14% 2.8% 107.9%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 4.725.927.315.611.27.4-1.7-25-37.8-226.7262.7
Op. Profit Mgn % 15.61920.516.316.116.41912.1113.35.8
Net Profit Mgn % 1.47.385.54.62.5-0.5-6.8-6.9-30.4-28.2
Debt to Equity 2.21.91.61.52.54.44.96.16.7-104.5-
Working Cap Days 186152150177225217222234207373274
Cash Conv. Cycle 826473939775726827470

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 262.70%

Sales growth is good in last 4 quarters at 71.76%

Sales growth has been subdued in last 3 years -18.71%

Latest Financials - Morarjee Textiles Ltd.

Standalone Consolidated
TTM EPS (₹) -19.7 -19.7
TTM Sales (₹ Cr.) 254 254
BVPS (₹.) -13.6 -13.7
Reserves (₹ Cr.) -75 -75
P/BV -1.95 -1.95
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 11.30 / 33.80
All Time Low / High (₹) 7.13 / 122.36
Market Cap (₹ Cr.) 96.8
Equity (₹ Cr.) 25.4
Face Value (₹) 7
Industry PE 22.7

Management X-Ray of Morarjee Textiles :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Morarjee Textiles Ltd

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.

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