Minaxi Textiles Ltd
₹ 2.12
2.91%
22 May
- close price
About
Incorporated on 1995, Minaxi Textiles Ltd is engaged in Weaving and manufacture of Cotton and Cotton Mixture Fabrics. Company is also engaged in weaving of grey cloth of suiting and shirting.
Key Points
- Market Cap ₹ 10.5 Cr.
- Current Price ₹ 2.12
- High / Low ₹ 4.31 / 1.61
- Stock P/E
- Book Value ₹ 0.47
- Dividend Yield 0.00 %
- ROCE 5.23 %
- ROE -20.7 %
- Face Value ₹ 1.00
Pros
- Debtor days have improved from 79.5 to 27.0 days.
- Company's working capital requirements have reduced from 123 days to 79.4 days
Cons
- Stock is trading at 4.52 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 11.6% over past five years.
- Promoter holding is low: 38.8%
- Company has a low return on equity of -61.7% over last 3 years.
- Earnings include an other income of Rs.0.57 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Textiles Industry: Textiles - Processing
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 52.68 | 54.48 | 54.17 | 55.93 | 54.73 | 44.38 | 16.72 | 14.80 | 31.06 | 29.21 | 34.29 | 28.88 | |
| 48.07 | 47.97 | 47.83 | 49.70 | 48.35 | 39.31 | 13.72 | 13.68 | 30.31 | 34.77 | 37.12 | 28.03 | |
| Operating Profit | 4.61 | 6.51 | 6.34 | 6.23 | 6.38 | 5.07 | 3.00 | 1.12 | 0.75 | -5.56 | -2.83 | 0.85 |
| OPM % | 8.75% | 11.95% | 11.70% | 11.14% | 11.66% | 11.42% | 17.94% | 7.57% | 2.41% | -19.03% | -8.25% | 2.94% |
| 0.21 | 0.43 | 0.75 | 0.56 | 0.17 | 0.10 | -0.13 | 0.03 | 0.04 | 0.04 | 0.84 | 0.57 | |
| Interest | 2.09 | 2.87 | 2.84 | 2.63 | 3.07 | 3.13 | 2.19 | 2.44 | 2.22 | 2.17 | 1.27 | 1.64 |
| Depreciation | 1.14 | 1.89 | 1.89 | 1.90 | 1.90 | 1.88 | 0.67 | 0.64 | 0.63 | 0.62 | 0.58 | 0.47 |
| Profit before tax | 1.59 | 2.18 | 2.36 | 2.26 | 1.58 | 0.16 | 0.01 | -1.93 | -2.06 | -8.31 | -3.84 | -0.69 |
| Tax % | 24.53% | 30.28% | 34.75% | 37.17% | 56.33% | 0.00% | -1,000.00% | -16.58% | -22.82% | -25.15% | -19.01% | -23.19% |
| 1.20 | 1.52 | 1.54 | 1.41 | 0.69 | 0.16 | 0.12 | -1.60 | -1.59 | -6.21 | -3.11 | -0.53 | |
| EPS in Rs | 0.24 | 0.31 | 0.31 | 0.29 | 0.14 | 0.03 | 0.02 | -0.32 | -0.32 | -1.26 | -0.63 | -0.11 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | 12% |
| 3 Years: | -2% |
| TTM: | -16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| TTM: | 83% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 49% |
| 3 Years: | -10% |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | -8% |
| 5 Years: | -30% |
| 3 Years: | -62% |
| Last Year: | -21% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.56 | 5.56 | 5.56 | 5.56 | 5.56 | 5.56 | 5.56 | 5.56 | 5.56 | 4.94 | 4.94 | 4.94 |
| Reserves | 4.46 | 5.91 | 7.45 | 8.81 | 9.52 | 9.73 | 9.82 | 8.20 | 6.63 | 0.98 | -2.15 | -2.62 |
| 28.11 | 29.53 | 25.68 | 24.92 | 25.00 | 18.80 | 21.00 | 23.74 | 21.27 | 20.37 | 16.88 | 14.34 | |
| 11.15 | 13.48 | 8.42 | 11.08 | 12.34 | 8.91 | 5.33 | 4.26 | 6.93 | 10.02 | 5.59 | 4.93 | |
| Total Liabilities | 49.28 | 54.48 | 47.11 | 50.37 | 52.42 | 43.00 | 41.71 | 41.76 | 40.39 | 36.31 | 25.26 | 21.59 |
| 18.69 | 18.37 | 16.44 | 14.88 | 13.08 | 11.18 | 10.24 | 9.50 | 8.78 | 8.17 | 7.59 | 6.88 | |
| CWIP | 0.78 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 29.81 | 36.11 | 30.67 | 35.49 | 39.34 | 31.82 | 31.47 | 32.26 | 31.61 | 28.14 | 17.67 | 14.71 | |
| Total Assets | 49.28 | 54.48 | 47.11 | 50.37 | 52.42 | 43.00 | 41.71 | 41.76 | 40.39 | 36.31 | 25.26 | 21.59 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.26 | 2.30 | 6.62 | 3.16 | 3.14 | 9.17 | -0.23 | -0.41 | 4.68 | 2.93 | 4.74 | 3.40 | |
| -11.79 | -0.82 | 0.08 | 0.09 | 0.00 | 0.07 | 0.14 | 0.13 | 0.13 | 0.01 | 0.01 | 0.80 | |
| 11.56 | -1.44 | -6.69 | -3.40 | -2.99 | -9.33 | 0.00 | 0.30 | -4.69 | -3.07 | -4.76 | -4.18 | |
| Net Cash Flow | -0.49 | 0.04 | 0.02 | -0.15 | 0.15 | -0.10 | -0.09 | 0.02 | 0.13 | -0.13 | -0.01 | 0.02 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 109.26 | 130.24 | 95.68 | 101.22 | 121.98 | 93.43 | 177.48 | 176.58 | 140.90 | 170.69 | 40.77 | 27.05 |
| Inventory Days | 89.88 | 116.57 | 108.89 | 125.34 | 172.37 | 258.58 | 785.02 | 736.00 | 225.55 | 116.63 | 101.26 | 121.52 |
| Days Payable | 84.90 | 101.99 | 58.68 | 76.55 | 97.84 | 101.35 | 149.60 | 113.35 | 87.58 | 113.30 | 55.05 | 65.79 |
| Cash Conversion Cycle | 114.24 | 144.82 | 145.89 | 150.01 | 196.51 | 250.66 | 812.90 | 799.23 | 278.87 | 174.02 | 86.98 | 82.77 |
| Working Capital Days | 116.12 | 122.34 | 121.02 | 117.40 | 150.72 | 178.96 | 574.35 | 684.87 | 281.92 | 196.06 | 93.78 | 79.37 |
| ROCE % | 11.69% | 12.76% | 11.54% | 12.54% | 11.72% | 8.87% | 6.73% | 1.46% | 0.56% | -20.55% | -11.18% | 5.23% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Company was held on 15th May, 2025 at registered office of the Company , to consider and take on record the Audited Financial Result for …
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Integrated Filing (Financial)
15 May - Audited financial results for FY2025 approved; net profit reported; unmodified auditor's report issued.
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Board Meeting Outcome for OUTCOME OF BOARD MEETING ALONGWITH AUDITED FINANCIAL RESULTS AND STATUTORY AUDITOR'S REPORT FOR THE QUARTER ENDED 31/03/2025
15 May - Audited financial results for FY 2024-25 approved; unmodified auditor report; company reports cash losses, debt restructuring.
- Closure of Trading Window 7 May
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Board Meeting Intimation for TO TAKE NOTE OF AUDITED FINANCIAL RESULTS AS ON 31/03/2025 - REGULATION 29
7 May - Board meeting on May 15, 2025, to approve audited financial results for FY ending March 31, 2025.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Overview:[1]
Company deals in suiting products specializing in fancy suiting fabrics. Company supplies uniforms to government and semi-government department under tenders floated by them. Company has 30 year contract of Aditya Birla Group to weave Linen for them.