Minaxi Textiles Ltd
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.
- Market Cap ₹ 12.0 Cr.
- Current Price ₹ 2.43
- High / Low ₹ 4.35 / 1.21
- Stock P/E
- Book Value ₹ 1.26
- Dividend Yield 0.00 %
- ROCE -20.6 %
- ROE -68.6 %
- Face Value ₹ 1.00
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 38.1%
- Company has a low return on equity of -25.5% over last 3 years.
- Company has high debtors of 171 days.
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
26.40 | 37.82 | 52.68 | 54.48 | 54.17 | 55.93 | 54.73 | 44.38 | 16.72 | 14.80 | 31.06 | 29.21 | 32.33 | |
23.04 | 33.67 | 48.07 | 47.97 | 47.83 | 49.70 | 48.35 | 39.31 | 13.72 | 13.68 | 30.31 | 34.77 | 35.56 | |
Operating Profit | 3.36 | 4.15 | 4.61 | 6.51 | 6.34 | 6.23 | 6.38 | 5.07 | 3.00 | 1.12 | 0.75 | -5.56 | -3.23 |
OPM % | 12.73% | 10.97% | 8.75% | 11.95% | 11.70% | 11.14% | 11.66% | 11.42% | 17.94% | 7.57% | 2.41% | -19.03% | -9.99% |
0.10 | 0.26 | 0.21 | 0.43 | 0.75 | 0.56 | 0.17 | 0.10 | -0.13 | 0.03 | 0.04 | 0.04 | 0.80 | |
Interest | 1.55 | 1.77 | 2.09 | 2.87 | 2.84 | 2.63 | 3.07 | 3.13 | 2.19 | 2.44 | 2.22 | 2.17 | 1.60 |
Depreciation | 0.82 | 0.85 | 1.14 | 1.89 | 1.89 | 1.90 | 1.90 | 1.88 | 0.67 | 0.64 | 0.63 | 0.62 | 0.60 |
Profit before tax | 1.09 | 1.79 | 1.59 | 2.18 | 2.36 | 2.26 | 1.58 | 0.16 | 0.01 | -1.93 | -2.06 | -8.31 | -4.63 |
Tax % | 37.61% | 34.64% | 24.53% | 30.28% | 34.75% | 37.17% | 56.33% | 0.00% | -1,000.00% | 16.58% | 22.82% | 25.15% | |
0.69 | 1.17 | 1.20 | 1.52 | 1.54 | 1.41 | 0.69 | 0.16 | 0.12 | -1.60 | -1.59 | -6.21 | -3.62 | |
EPS in Rs | 0.14 | 0.24 | 0.24 | 0.31 | 0.31 | 0.29 | 0.14 | 0.03 | 0.02 | -0.32 | -0.32 | -1.26 | -0.74 |
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: | -3% |
5 Years: | -12% |
3 Years: | 20% |
TTM: | -3% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | 13% |
5 Years: | 21% |
3 Years: | 61% |
1 Year: | 40% |
Return on Equity | |
---|---|
10 Years: | -2% |
5 Years: | -13% |
3 Years: | -26% |
Last Year: | -69% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5.56 | 5.56 | 5.56 | 5.56 | 5.56 | 5.56 | 5.56 | 5.56 | 5.56 | 5.56 | 5.56 | 4.94 | 4.94 |
Reserves | 2.09 | 3.26 | 4.46 | 5.91 | 7.45 | 8.81 | 9.52 | 9.73 | 9.82 | 8.20 | 6.63 | 0.98 | 1.28 |
12.33 | 14.46 | 28.11 | 29.53 | 25.68 | 24.92 | 25.00 | 18.80 | 21.00 | 23.74 | 21.27 | 20.37 | 18.73 | |
3.64 | 3.06 | 11.15 | 13.48 | 8.42 | 11.08 | 12.34 | 8.91 | 5.33 | 4.26 | 6.93 | 10.02 | 10.18 | |
Total Liabilities | 23.62 | 26.34 | 49.28 | 54.48 | 47.11 | 50.37 | 52.42 | 43.00 | 41.71 | 41.76 | 40.39 | 36.31 | 35.13 |
9.31 | 8.62 | 18.69 | 18.37 | 16.44 | 14.88 | 13.08 | 11.18 | 10.24 | 9.50 | 8.78 | 8.17 | 7.86 | |
CWIP | 0.00 | 0.06 | 0.78 | 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 | 0.00 |
14.31 | 17.66 | 29.81 | 36.11 | 30.67 | 35.49 | 39.34 | 31.82 | 31.47 | 32.26 | 31.61 | 28.14 | 27.27 | |
Total Assets | 23.62 | 26.34 | 49.28 | 54.48 | 47.11 | 50.37 | 52.42 | 43.00 | 41.71 | 41.76 | 40.39 | 36.31 | 35.13 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0.57 | 0.48 | -0.26 | 2.30 | 6.62 | 3.16 | 3.14 | 9.17 | -0.23 | -0.41 | 4.68 | 2.93 | |
-0.35 | -0.19 | -11.79 | -0.82 | 0.08 | 0.09 | 0.00 | 0.07 | 0.14 | 0.13 | 0.13 | 0.01 | |
-0.21 | 0.35 | 11.56 | -1.44 | -6.69 | -3.40 | -2.99 | -9.33 | 0.00 | 0.30 | -4.69 | -3.07 | |
Net Cash Flow | 0.01 | 0.64 | -0.49 | 0.04 | 0.02 | -0.15 | 0.15 | -0.10 | -0.09 | 0.02 | 0.13 | -0.13 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 93.60 | 83.48 | 109.26 | 130.24 | 95.68 | 101.22 | 121.98 | 93.43 | 177.48 | 176.58 | 140.90 | 170.69 |
Inventory Days | 118.59 | 82.99 | 89.88 | 116.57 | 108.89 | 125.34 | 172.37 | 258.58 | 785.02 | 736.00 | 225.55 | 116.63 |
Days Payable | 27.90 | 22.86 | 84.90 | 101.99 | 58.68 | 76.55 | 97.84 | 101.35 | 149.60 | 113.35 | 87.58 | 113.30 |
Cash Conversion Cycle | 184.28 | 143.61 | 114.24 | 144.82 | 145.89 | 150.01 | 196.51 | 250.66 | 812.90 | 799.23 | 278.87 | 174.02 |
Working Capital Days | 142.13 | 124.21 | 116.12 | 122.34 | 121.02 | 117.40 | 150.72 | 178.96 | 574.35 | 684.87 | 281.92 | 196.06 |
ROCE % | 13.92% | 15.77% | 11.69% | 12.76% | 11.54% | 12.54% | 11.72% | 8.87% | 6.73% | 1.46% | 0.56% | -20.55% |
Documents
Announcements
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COMPLIANCE CERTIFICATE UNDER REGULATION 40(9) FOR THE YEAR ENDED ON 31/03/2024
2d - Certificate obtained from a Company Secretary in Practice in due compliance of Regulation 40(9) of the SEBI (LODR) Regulations, 2015 for the year ended 31st …
- CERTIFICATE UNDER REGULATION 7(3) OF SEBI (LODR) REGULATIONS, 2015 FOR THE YEAR ENDED ON 31ST MARCH, 2024 13 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Confirmation certificate received from M/s. Link Intime India Private Limited, Registrar and share Transfer Agent (RTA) as per regulation74(5) of the SEBI (Depositories and Participants) …
-
Announcement under Regulation 30 (LODR)-Cessation
8 Apr - Second consecutive term of five years of Independent Directors Shri Jasvant K. Patel and Shri Vasudevbhai L. Patel expired on 31.03.2024 after the close of …
- INTIMATION OF APPOINTMENT OF MR. SANDIP VITHTHALBHAI MADRIYA AS AN ADDITIONAL DIRECTOR (NON-EXECUTIVE AND INDEPENDENT), OF THE COMPANY MINAXI TEXTILES LIMITED 30 Mar
Annual reports
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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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Financial Year 2009
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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.