Minaxi Textiles Ltd

₹ 2.83 -4.39%
May 20 - 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 14.0 Cr.
  • Current Price 2.83
  • High / Low 5.21 / 0.82
  • Stock P/E
  • Book Value 2.72
  • Dividend Yield 0.00 %
  • ROCE 1.46 %
  • ROE -10.8 %
  • Face Value 1.00

Pros

  • Stock is trading at 1.04 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -22.86% over past five years.
  • Promoter holding is low: 37.67%
  • Company has a low return on equity of -2.51% for last 3 years.
  • Contingent liabilities of Rs.4.26 Cr.
  • Company has high debtors of 176.58 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

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Quarterly Results

Figures in Rs. Crores

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
10.48 8.78 1.68 0.76 5.50 -0.00 0.94 4.74 9.12 4.02 5.44 10.61
9.49 8.30 1.25 0.47 3.87 0.17 1.15 4.16 8.23 3.65 4.97 10.58
Operating Profit 0.99 0.48 0.43 0.29 1.63 -0.17 -0.21 0.58 0.89 0.37 0.47 0.03
OPM % 9.45% 5.47% 25.60% 38.16% 29.64% -22.34% 12.24% 9.76% 9.20% 8.64% 0.28%
0.06 0.01 0.01 0.01 0.01 0.01 0.01 0.05 -0.01 0.01 0.05 -0.00
Interest 0.71 0.53 0.62 0.50 0.54 0.56 0.59 0.56 0.72 0.51 0.53 0.67
Depreciation 0.46 0.45 0.44 0.45 -0.68 0.16 0.16 0.16 0.15 0.15 0.16 0.16
Profit before tax -0.12 -0.49 -0.62 -0.65 1.78 -0.88 -0.95 -0.09 0.01 -0.28 -0.17 -0.80
Tax % 83.33% 26.53% 37.10% 20.00% 21.91% 17.05% 23.16% 22.22% 600.00% 25.00% 23.53% 18.75%
Net Profit -0.02 -0.37 -0.40 -0.51 1.39 -0.74 -0.73 -0.08 -0.06 -0.22 -0.13 -0.65
EPS in Rs -0.00 -0.07 -0.08 -0.10 0.28 -0.15 -0.15 -0.02 -0.01 -0.04 -0.03 -0.13

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
12.44 15.62 26.40 37.82 52.68 54.48 54.17 55.93 54.73 44.38 16.72 14.80 29.19
11.60 13.44 23.04 33.67 48.07 47.97 47.83 49.70 48.35 39.31 13.72 13.68 27.43
Operating Profit 0.84 2.18 3.36 4.15 4.61 6.51 6.34 6.23 6.38 5.07 3.00 1.12 1.76
OPM % 6.75% 13.96% 12.73% 10.97% 8.75% 11.95% 11.70% 11.14% 11.66% 11.42% 17.94% 7.57% 6.03%
0.80 0.46 0.10 0.26 0.21 0.43 0.75 0.56 0.17 0.10 -0.13 0.03 0.05
Interest 0.54 1.02 1.55 1.77 2.09 2.87 2.84 2.63 3.07 3.13 2.19 2.44 2.43
Depreciation 0.38 0.70 0.82 0.85 1.14 1.89 1.89 1.90 1.90 1.88 0.67 0.64 0.62
Profit before tax 0.72 0.92 1.09 1.79 1.59 2.18 2.36 2.26 1.58 0.16 0.01 -1.93 -1.24
Tax % 23.61% 23.91% 37.61% 34.64% 24.53% 30.28% 34.75% 37.17% 56.33% -0.00% -1,000.00% 16.58%
Net Profit 0.55 0.70 0.69 1.17 1.20 1.52 1.54 1.41 0.69 0.16 0.12 -1.60 -1.06
EPS in Rs 0.11 0.14 0.14 0.24 0.24 0.31 0.31 0.29 0.14 0.03 0.02 -0.32 -0.21
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: -1%
5 Years: -23%
3 Years: -35%
TTM: 161%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -563%
Stock Price CAGR
10 Years: 17%
5 Years: 7%
3 Years: 56%
1 Year: 218%
Return on Equity
10 Years: 5%
5 Years: 1%
3 Years: -3%
Last Year: -11%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
5.56 5.56 5.56 5.56 5.56 5.56 5.56 5.56 5.56 5.56 5.56 5.56 5.56
Reserves 0.70 1.40 2.09 3.26 4.46 5.91 7.45 8.81 9.52 9.73 9.82 8.20 7.86
Borrowings 7.63 10.98 12.33 14.46 28.11 29.53 25.68 24.92 25.00 18.80 21.00 23.74 22.83
2.76 7.02 3.64 3.06 11.15 13.48 8.42 11.08 12.34 8.91 5.33 4.26 5.34
Total Liabilities 16.65 24.96 23.62 26.34 49.28 54.48 47.11 50.37 52.42 43.00 41.71 41.76 41.59
6.53 9.72 9.31 8.62 18.69 18.37 16.44 14.88 13.08 11.18 10.24 9.50 9.19
CWIP 0.16 -0.00 -0.00 0.06 0.78 -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
9.96 15.24 14.31 17.66 29.81 36.11 30.67 35.49 39.34 31.82 31.47 32.26 32.40
Total Assets 16.65 24.96 23.62 26.34 49.28 54.48 47.11 50.37 52.42 43.00 41.71 41.76 41.59

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
0.21 0.96 0.57 0.48 -0.26 2.30 6.62 3.16 3.14 9.17 -0.23 -0.41
-2.67 -3.28 -0.35 -0.19 -11.79 -0.82 0.08 0.09 -0.00 0.07 0.14 0.13
2.63 2.34 -0.21 0.35 11.56 -1.44 -6.69 -3.40 -2.99 -9.33 -0.00 0.30
Net Cash Flow 0.17 0.02 0.01 0.64 -0.49 0.04 0.02 -0.15 0.15 -0.10 -0.09 0.02

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 101.81 166.14 93.60 83.48 109.26 130.24 95.68 101.22 121.98 93.43 177.48 176.58
Inventory Days 95.32 149.66 118.59 82.99 89.88 116.57 108.89 125.34 172.37 258.58 785.02 736.00
Days Payable 75.77 139.97 27.90 22.86 84.90 101.99 58.68 76.55 97.84 101.35 149.60 113.35
Cash Conversion Cycle 121.37 175.83 184.28 143.61 114.24 144.82 145.89 150.01 196.51 250.66 812.90 799.23
Working Capital Days 168.71 177.59 156.92 135.69 129.84 139.96 137.66 146.64 182.33 189.90 575.01 684.87
ROCE % 10.56% 10.30% 13.92% 15.77% 11.69% 12.76% 11.54% 12.54% 11.72% 8.87% 6.73% 1.46%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
37.53 37.53 37.33 37.33 37.33 37.33 37.35 37.44 37.44 37.67 37.67 37.67
62.47 62.47 62.67 62.67 62.67 62.67 62.65 62.56 62.56 62.33 62.33 62.33

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