Minaxi Textiles Ltd

Minaxi Textiles Ltd

₹ 2.50 -2.72%
18 Apr - 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

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.

  • Market Cap 12.4 Cr.
  • Current Price 2.50
  • 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

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
4.74 9.12 4.02 5.44 10.61 11.03 10.06 6.25 6.03 6.86 9.65 8.26 7.56
4.16 8.23 3.65 4.97 10.58 11.19 11.20 7.76 6.79 9.01 9.17 8.03 9.35
Operating Profit 0.58 0.89 0.37 0.47 0.03 -0.16 -1.14 -1.51 -0.76 -2.15 0.48 0.23 -1.79
OPM % 12.24% 9.76% 9.20% 8.64% 0.28% -1.45% -11.33% -24.16% -12.60% -31.34% 4.97% 2.78% -23.68%
0.05 -0.01 0.01 0.05 -0.00 0.02 0.07 -0.00 -0.00 -0.02 0.83 -0.01 -0.00
Interest 0.56 0.72 0.51 0.53 0.67 0.51 0.45 0.46 0.69 0.57 0.32 0.30 0.41
Depreciation 0.16 0.15 0.15 0.16 0.16 0.16 0.16 0.16 0.15 0.15 0.15 0.15 0.15
Profit before tax -0.09 0.01 -0.28 -0.17 -0.80 -0.81 -1.68 -2.13 -1.60 -2.89 0.84 -0.23 -2.35
Tax % 22.22% 600.00% 25.00% 23.53% 18.75% 27.16% 36.90% 15.96% 25.00% 25.26% 23.81% -43.48% 25.11%
-0.08 -0.06 -0.22 -0.13 -0.65 -0.59 -1.06 -1.79 -1.20 -2.16 0.63 -0.33 -1.76
EPS in Rs -0.02 -0.01 -0.04 -0.03 -0.13 -0.12 -0.21 -0.36 -0.24 -0.44 0.13 -0.07 -0.36
Raw PDF

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: 14%
5 Years: 23%
3 Years: 63%
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%

Shareholding Pattern

Numbers in percentages

26 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
37.44% 37.44% 37.67% 37.67% 37.67% 37.77% 37.85% 37.85% 37.85% 37.98% 37.98% 38.13%
62.56% 62.56% 62.33% 62.33% 62.33% 62.23% 62.16% 62.15% 62.16% 62.02% 62.02% 61.87%
No. of Shareholders 4,1915,4137,96811,92218,24118,72918,09417,69617,40016,98016,61816,352

Documents