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Morarjee Textiles Ltd (MORARJEE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532621 NSE: MORARJEE Textile - Weaving | Small Cap | Morarjee Textiles Share Price

₹8.56 0.00 (0.00%)

As on 05-Jun'26 16:59

Morarjee Textiles Ltd (MORARJEE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532621 NSE: MORARJEE Textile - Weaving | Small Cap | Morarjee Textiles Share Price

₹8.56 0.00 (0.00%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹26 Cr.
Current Price
₹8.6
52-Week Low / High
₹6 / 11
TTM EPS
₹-55.4
TTM Sales
₹32.8 Cr.
Book Value per Share
-
P/E Ratio
0.00
Industry PE
16.8
Price to Book (P/B)
0.00
Higher than its 5-year historical median
Price to Sales (P/S)
0.79
Higher than its 5-year historical median
EV/EBITDA
-40.76
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
-31.63%
Underperforms industry median
Return on Assets (ROA)
-34.65%
Operating Profit Margin
-25%
Net Profit Margin
-89.63%
Gross Profit Margin
-63%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-24.04%
Operating Profit Growth (1 Year)
-
-958.09%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
59.71%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-505 Cr.
Equity
₹25.4 Cr.
Face Value
₹7
All Time Low / High
₹4.52 / 122.36

Morarjee Textiles stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Morarjee Textiles Ltd a good quality company?
Morarjee Textiles Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Morarjee Textiles Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Morarjee Textiles Ltd vs industry peers?
Morarjee Textiles Ltd revenue CAGR is -10.54%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Morarjee Textiles Ltd?
Promoters hold 59.71% of the Morarjee Textiles Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Morarjee Textiles Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -12.8% based on the current price.

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)

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

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.
Morarjee Textiles Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 18.9%15.8%11.2%9%8.4%3.2%4%-4.1%-3.3%-31.6%-
Value Creation
Index
0.40.1-0.2-0.4-0.4-0.8-0.7NANANA-

Growth Parameters

Sales 39236533737736134938219427220733
Sales YoY Gr.--6.8%-7.8%12%-4.3%-3.4%9.6%-49.3%40.5%-24%-
Adj EPS 8.65.54.22.6-0.5-6.5-7.3-16.2-24.2-51.1-55.4
YoY Gr.--36.2%-23.1%-38.7%-119.2%NANANANANA-
BVPS (₹) 26.929.832.131.229.622.915.7-1.4-25.7-76.60
Adj Net
Profit
31.42015.49.4-1.8-23.8-26.5-59-88-185-201
Cash Flow from Ops. 54.647.83960.952.770.1175-98.217.97.5-
Debt/CF from Ops. 3.74.19.18.29.97.32.2-5.329.468.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -6.9%-10.5%-18.5%-24%
Adj EPS -221.8%NANANA
BVPS-212.3%-221%-269.7%NA
Share Price -15.2% -14.1% -22.5% 9.6%

Key Financial Parameters

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
27.315.611.27.4-1.7-25-37.8-226.7179.499.9144.6
Op. Profit
Mgn %
20.516.316.116.41912.1113.32.3-25-85.9
Net Profit
Mgn %
85.54.62.5-0.5-6.8-6.9-30.4-32.3-89.7-613
Debt to
Equity
1.61.52.54.44.96.16.7-104.5-5.6-1.9-
Working Cap
Days
15017722521722223420737323822073
Cash Conv.
Cycle
739397757268274714-0-1,460

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales391.94365.23336.75377.04360.96348.61382.04193.89272.33206.87
Operating Expenses + 316.16305.57282.57315.17292.29307.50339.88191.21266.28258.87
Manufacturing Costs98.48100.6496.18134.77128.82124.31133.8470.48104.0287.92
Material Costs153.05140.49118.58113.1496.17115.60144.7274.15115.87117.93
Employee Cost 31.5432.4635.0232.8335.2336.5334.2123.9728.2133.80
Other Costs 33.0931.9832.7934.4432.0631.0627.1122.6118.1719.21
Operating Profit 75.7859.6554.1861.8768.6741.1142.162.686.06-52
Operating Profit Margin (%) 19.3%16.3%16.1%16.4%19.0%11.8%11.0%1.4%2.2%-25.1%
Other Income + 0.041.351.967.186.381.652.121.161.181.30
Exceptional Items 000000-0.2400-32.74
Interest 25.4919.0522.5939.5051.3953.9457.2054.5572.4679.60
Depreciation 15.949.569.9619.2322.8423.2123.7223.2822.8822.33
Profit Before Tax 34.4032.4023.6010.330.82-34.39-36.88-73.99-88.12-185.38
Tax 6.2111.687.08-1.470.41-9.91-10.79-12.3600.05
Profit After Tax 28.1920.7216.5211.800.40-24.48-26.09-61.63-88.12-185.42
PAT Margin (%) 7.2%5.7%4.9%3.1%0.1%-7.0%-6.8%-31.8%-32.4%-89.6%
Adjusted EPS (₹)7.35.24.03.30.1-6.7-7.2-17.0-24.3-51.0
Dividend Payout Ratio (%)33.80%33.70%34.70%43.10%0%0%0%0%0%0%

Valuation of Morarjee Textiles - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund + 122.84133.29141.45113.28107.3783.0356.97-4.94-93.18-278.34
Share Capital 50.4350.4350.4325.4325.4325.4325.4325.4325.4325.43
Reserves 72.4182.8591.0287.8481.9457.6031.54-30.37-118.61-303.77
Debt +170.39177.66344.89435.07480.57453.52326.82447.72378.23272.82
Long Term Debt83.6189.18242.27307.65363.56329232.27228.80155.7959.99
Short Term Debt86.7788.47102.62127.42117.01124.5194.55218.92222.44212.83
Minority Interest0000000000
Trade Payables37.7237.9057.1078.4262.2092.4989.0483.7276.7980.29
Others Liabilities 79.8976.7970.85111.6382.8886.08194.0599.84234.87398.64
Total Liabilities 410.84425.64614.29738.40733.02715.12666.87626.34596.71473.41

Fixed Assets

Net Fixed Assets +222.11216.95295.53512.19499.17477.08454.87432.35409.76387.52
Gross Block362.46367440.40531.41541.23542.13543.64544.24544.54544.63
Accumulated Depreciation140.35150.05144.8719.2342.0665.0588.77111.89134.78157.11
CWIP 8.9414.9270.453.29000000
Investments 8.668.618.614.954.954.950.650.650.650.45
Inventories73.9578.8086.0699.42103.99104.8985.4563.9866.4432.52
Trade Receivables61.2663.9770.6160.5053.6540.7535.2035.4520.945.22
Cash Equivalents 0.700.458.251.375.609.752.286.5718.334.18
Others Assets 35.2241.9574.7856.6965.6577.6988.4287.3580.5943.52
Total Assets 410.84425.64614.29738.40733.02715.12666.87626.34596.71473.41

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity + 54.6447.7638.9660.8752.6970.13175.04-98.1917.857.50
PBT 34.4032.4023.6010.330.82-34.39-36.88-73.99-88.12-185.38
Adjustment 41.3928.2731.8659.3772.2276.8580.0878.1795.62136.27
Changes in Working Capital -14.39-5.95-12.7-6.69-17.0528.83131.88-102.2810.5156.96
Tax Paid -6.75-6.96-3.80-2.14-3.30-1.17-0.04-0.09-0.17-0.36
Cash Flow From Investing Activity + -10.42-10.55-161.83-135.05-8.11-1.325.97-0.37-0.10-0.15
Capex -10.45-11.17-162.16-142.48-5.96-1.36-0.33-0.76-0.30-0.09
Net Investments 0006.97-2.52-0.455.930.23-0.06-0.15
Others 0.030.620.330.460.360.500.370.160.260.09
Cash Flow From Financing Activity + -44.21-37.47130.6774.24-42.90-65.10-186.69103.18-5.90-21.69
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -12.98-6.77140.6399.1524.10-29.90-135.94-1.01-1.79-1.23
Interest Paid -26.03-19.83-20.90-45.85-49.24-43.93-45.65-20.19-7.62-10.85
Dividend Paid -14.62-12.58-9.88-6.12-6.1200000
Others 9.411.7020.8227.06-11.648.73-5.10124.383.51-9.61
Net Cash Flow 0.01-0.267.810.051.683.71-5.694.6211.85-14.35

Financial Ratio

PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)31.3120.114.710.270.37-25.72-37.27N/AN/AN/A
ROCE (%)18.9315.8211.198.978.43.23.95N/AN/AN/A
Asset Turnover Ratio0.970.880.650.560.490.480.550.30.450.39
PAT to CFO Conversion(x)1.942.312.365.16131.73N/AN/AN/AN/AN/A
Working Capital Days
Receivable Days55.2062.4072.7063.4057.7049.4036.3066.5037.8023.10
Inventory Days65.9076.1089.1089.60102.80109.4090.90140.7087.4087.30
Payable Days98.5098.20146.20218.60266.90244.20228.90425.20252.80243.10

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Morarjee Textiles Ltd FAQs

The current trading price of Morarjee Textiles on 05-Jun-2026 16:59 is ₹8.56.

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 04-Jun-2026 the market cap of Morarjee Textiles stood at ₹25.94 Cr

The latest P/E ratio of Morarjee Textiles as of 04-Jun-2026 is 0.00.

The latest P/B ratio of Morarjee Textiles as of 04-Jun-2026 is 0.00.

The 52-week high of Morarjee Textiles is ₹11.44 and the 52-week low is ₹6.25.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Morarjee Textiles is ₹32.83 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Morarjee Textiles Ltd is a average quality company.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Morarjee Textiles Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

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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