Minaxi Textiles Ltd
₹ 2.54
4.96%
19 Sep
9:19 a.m.
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 ₹ 12.6 Cr.
- Current Price ₹ 2.54
- High / Low ₹ 4.35 / 1.40
- Stock P/E
- Book Value ₹ 0.56
- Dividend Yield 0.00 %
- ROCE -11.2 %
- ROE -71.4 %
- Face Value ₹ 1.00
Pros
- Debtor days have improved from 117 to 40.8 days.
- Company's working capital requirements have reduced from 191 days to 93.8 days
Cons
- Stock is trading at 4.29 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 38.6%
- Company has a low return on equity of -41.2% over last 3 years.
- Company might be capitalizing the interest cost
* 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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 37.82 | 52.68 | 54.48 | 54.17 | 55.93 | 54.73 | 44.38 | 16.72 | 14.80 | 31.06 | 29.21 | 34.29 | 33.60 | |
| 33.67 | 48.07 | 47.97 | 47.83 | 49.70 | 48.35 | 39.31 | 13.72 | 13.68 | 30.31 | 34.77 | 37.12 | 37.54 | |
| Operating Profit | 4.15 | 4.61 | 6.51 | 6.34 | 6.23 | 6.38 | 5.07 | 3.00 | 1.12 | 0.75 | -5.56 | -2.83 | -3.94 |
| OPM % | 10.97% | 8.75% | 11.95% | 11.70% | 11.14% | 11.66% | 11.42% | 17.94% | 7.57% | 2.41% | -19.03% | -8.25% | -11.73% |
| 0.26 | 0.21 | 0.43 | 0.75 | 0.56 | 0.17 | 0.10 | -0.13 | 0.03 | 0.04 | 0.04 | 0.84 | 0.02 | |
| Interest | 1.77 | 2.09 | 2.87 | 2.84 | 2.63 | 3.07 | 3.13 | 2.19 | 2.44 | 2.22 | 2.17 | 1.27 | 1.38 |
| Depreciation | 0.85 | 1.14 | 1.89 | 1.89 | 1.90 | 1.90 | 1.88 | 0.67 | 0.64 | 0.63 | 0.62 | 0.58 | 0.57 |
| Profit before tax | 1.79 | 1.59 | 2.18 | 2.36 | 2.26 | 1.58 | 0.16 | 0.01 | -1.93 | -2.06 | -8.31 | -3.84 | -5.87 |
| Tax % | 34.64% | 24.53% | 30.28% | 34.75% | 37.17% | 56.33% | 0.00% | -1,000.00% | -16.58% | -22.82% | -25.15% | -19.01% | |
| 1.17 | 1.20 | 1.52 | 1.54 | 1.41 | 0.69 | 0.16 | 0.12 | -1.60 | -1.59 | -6.21 | -3.11 | -4.70 | |
| EPS in Rs | 0.24 | 0.24 | 0.31 | 0.31 | 0.29 | 0.14 | 0.03 | 0.02 | -0.32 | -0.32 | -1.26 | -0.63 | -0.95 |
| 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: | -4% |
| 5 Years: | -5% |
| 3 Years: | 32% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -73% |
| TTM: | -4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 24% |
| 3 Years: | 29% |
| 1 Year: | 51% |
| Return on Equity | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -22% |
| 3 Years: | -41% |
| Last Year: | -71% |
Balance Sheet
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 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 | 3.26 | 4.46 | 5.91 | 7.45 | 8.81 | 9.52 | 9.73 | 9.82 | 8.20 | 6.63 | 0.98 | -2.15 |
| 14.46 | 28.11 | 29.53 | 25.68 | 24.92 | 25.00 | 18.80 | 21.00 | 23.74 | 21.27 | 20.37 | 16.88 | |
| 3.06 | 11.15 | 13.48 | 8.42 | 11.08 | 12.34 | 8.91 | 5.33 | 4.26 | 6.93 | 10.02 | 5.59 | |
| Total Liabilities | 26.34 | 49.28 | 54.48 | 47.11 | 50.37 | 52.42 | 43.00 | 41.71 | 41.76 | 40.39 | 36.31 | 25.26 |
| 8.62 | 18.69 | 18.37 | 16.44 | 14.88 | 13.08 | 11.18 | 10.24 | 9.50 | 8.78 | 8.17 | 7.59 | |
| CWIP | 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 |
| 17.66 | 29.81 | 36.11 | 30.67 | 35.49 | 39.34 | 31.82 | 31.47 | 32.26 | 31.61 | 28.14 | 17.67 | |
| Total Assets | 26.34 | 49.28 | 54.48 | 47.11 | 50.37 | 52.42 | 43.00 | 41.71 | 41.76 | 40.39 | 36.31 | 25.26 |
Cash Flows
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.48 | -0.26 | 2.30 | 6.62 | 3.16 | 3.14 | 9.17 | -0.23 | -0.41 | 4.68 | 2.93 | 4.74 | |
| -0.19 | -11.79 | -0.82 | 0.08 | 0.09 | 0.00 | 0.07 | 0.14 | 0.13 | 0.13 | 0.01 | 0.01 | |
| 0.35 | 11.56 | -1.44 | -6.69 | -3.40 | -2.99 | -9.33 | 0.00 | 0.30 | -4.69 | -3.07 | -4.76 | |
| Net Cash Flow | 0.64 | -0.49 | 0.04 | 0.02 | -0.15 | 0.15 | -0.10 | -0.09 | 0.02 | 0.13 | -0.13 | -0.01 |
Ratios
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 83.48 | 109.26 | 130.24 | 95.68 | 101.22 | 121.98 | 93.43 | 177.48 | 176.58 | 140.90 | 170.69 | 40.77 |
| Inventory Days | 82.99 | 89.88 | 116.57 | 108.89 | 125.34 | 172.37 | 258.58 | 785.02 | 736.00 | 225.55 | 116.63 | 101.26 |
| Days Payable | 22.86 | 84.90 | 101.99 | 58.68 | 76.55 | 97.84 | 101.35 | 149.60 | 113.35 | 87.58 | 113.30 | 55.05 |
| Cash Conversion Cycle | 143.61 | 114.24 | 144.82 | 145.89 | 150.01 | 196.51 | 250.66 | 812.90 | 799.23 | 278.87 | 174.02 | 86.98 |
| Working Capital Days | 124.21 | 116.12 | 122.34 | 121.02 | 117.40 | 150.72 | 178.96 | 574.35 | 684.87 | 281.92 | 196.06 | 93.78 |
| ROCE % | 15.77% | 11.69% | 12.76% | 11.54% | 12.54% | 11.72% | 8.87% | 6.73% | 1.46% | 0.56% | -20.55% | -11.18% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
5 Sep - Company have convened the 29th Annual General Meeting on Thursday, 26th September, 2024 at 02:00 p.m. vide their meeting held on 13th August, 2024 through …
- Reg. 34 (1) Annual Report. 4 Sep
-
Intimation Of Record Date - Thursday, 19Th September, 2024.
16 Aug - Intimation of record date for AGM on 19th September 2024.
-
NTIMATION REGARDING DATE OF ANNUAL GENERAL MEETING AND BOOK CLOSURE
16 Aug - Intimation of AGM date and book closure.
-
INTIMATION REGARDING DATE OF ANNUAL GENERAL MEETING
16 Aug - Notice of 29th Annual General Meeting scheduled.
Annual reports
-
Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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.