Minaxi Textiles Ltd
Incorporated in 1995, Minaxi Textiles Ltd is in the business of textile manufacturing[1]
- Market Cap ₹ 9.59 Cr.
- Current Price ₹ 1.94
- High / Low ₹ 3.71 / 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 4.13 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
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
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: | 5% |
5 Years: | 33% |
3 Years: | -10% |
1 Year: | -50% |
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
-
Modification In Policy Of Code Of Practices And Procedures For Fair Disclosure Of Unpublished Price Sensitive Information (UPSI).
2d - Modified insider trading code as per SEBI amendments, effective 08 July 2025.
-
INTIMATION OF APPOINTMENT OF CHIEF FINANCIAL OFFICER (CFO) OF THE COMPANY MINAXI TEXTILES LIMITED
2d - Ms. Ghanchi Benjir Asgarali appointed CFO of Minaxi Textiles effective 09 July 2025.
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
2d - CFO Mr. Parind D. Patel resigned effective 01 July 2025 due to personal reasons.
-
Board Meeting Outcome for OUTCOME - Decisions Taken In Today'S Board Meeting.
2d - CFO resignation effective 01/07/2025; new CFO appointed from 09/07/2025 at Minaxi Textiles.
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
1 Jul - CFO Parind D. Patel resigns effective 01-Jul-2025 for personal reasons, no other material cause.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
Business Overview:[1]
MTL is engaged in weaving and manufacturing
of cotton and cotton mixture fabrics. It is also involved in the weaving of grey cloth for suiting
and shirting. The company specializes in suiting products, focusing on high-quality, fancy suiting fabrics.