Manomay Tex India Ltd

Manomay Tex India Ltd

₹ 184 -2.85%
24 May - close price
About

Incorporated in 2009, Manomay Tex India
Ltd manufactures and sells denim fabrics[1]

Key Points

Business Overview:[1]
MTIL is an ISO 9001:2015 and ISO 14001:2015 certified manufacturer of denim and denim fabric and sells under the brand name of Manomay

  • Market Cap 332 Cr.
  • Current Price 184
  • High / Low 228 / 116
  • Stock P/E 25.6
  • Book Value 71.5
  • Dividend Yield 0.00 %
  • ROCE 10.1 %
  • ROE 10.6 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 23.3% CAGR over last 5 years
  • Company's median sales growth is 18.6% of last 10 years

Cons

  • Stock is trading at 2.58 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 12.1% over last 3 years.

* 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 - Products

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Quarterly Results

Figures in Rs. Crores

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
140.73 209.79 177.08 201.57 152.02 168.21 140.40 133.41 124.61 184.67
130.89 199.90 167.90 190.65 142.39 156.39 132.46 123.11 111.79 167.21
Operating Profit 9.84 9.89 9.18 10.92 9.63 11.82 7.94 10.30 12.82 17.46
OPM % 6.99% 4.71% 5.18% 5.42% 6.33% 7.03% 5.66% 7.72% 10.29% 9.45%
0.04 0.16 0.01 0.02 0.14 0.18 0.19 0.07 0.43 0.35
Interest 2.62 2.61 2.50 4.28 3.56 3.98 3.44 3.97 4.09 6.33
Depreciation 2.32 2.37 2.85 2.88 2.89 2.85 2.57 3.02 3.15 6.05
Profit before tax 4.94 5.07 3.84 3.78 3.32 5.17 2.12 3.38 6.01 5.43
Tax % 35.02% 34.52% 25.26% 26.98% 25.30% 6.58% -13.68% 20.41% 35.77% 25.41%
3.21 3.31 2.87 2.76 2.49 4.83 2.41 2.69 3.85 4.05
EPS in Rs 2.19 2.25 1.95 1.88 1.70 2.68 1.34 1.49 2.13 2.24
Raw PDF

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
30 101 165 217 273 286 377 405 321 590 699 583
30 97 161 209 260 268 351 380 304 560 657 535
Operating Profit 1 5 5 9 13 18 25 26 18 29 42 49
OPM % 2% 5% 3% 4% 5% 6% 7% 6% 5% 5% 6% 8%
0 0 1 0 0 0 -1 0 0 0 0 1
Interest 0 3 3 3 5 6 7 9 7 9 14 18
Depreciation 0 2 2 3 5 6 10 10 7 9 11 15
Profit before tax 0 0 1 2 4 6 7 7 4 12 16 17
Tax % 44% 324% 75% 41% 37% 47% 45% 9% 31% 35% 20% 23%
0 -1 0 1 2 3 4 7 3 8 13 13
EPS in Rs 1.10 -7.80 1.60 7.04 1.84 2.62 3.18 4.62 1.87 5.25 7.18 7.20
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 9%
3 Years: 22%
TTM: -17%
Compounded Profit Growth
10 Years: 34%
5 Years: 23%
3 Years: 68%
TTM: 0%
Stock Price CAGR
10 Years: %
5 Years: 40%
3 Years: 83%
1 Year: 38%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 12%
Last Year: 11%

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 1 1 1 2 13 13 13 15 15 15 18 18
Reserves 8 10 13 20 23 26 32 44 47 53 98 111
17 22 21 53 51 80 94 87 94 141 145 300
8 11 13 21 29 39 68 54 59 113 132 155
Total Liabilities 34 45 48 96 115 158 207 200 215 322 393 584
22 24 23 52 54 49 69 62 56 57 67 218
CWIP 0 0 1 0 0 24 1 0 0 19 12 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
12 21 24 44 62 84 137 138 158 246 314 366
Total Assets 34 45 48 96 115 158 207 200 215 322 393 584

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
2 1 5 7 5 8 11 19 -1 -9 12 13
-20 -3 -2 -31 -7 -25 -5 -1 -1 -30 -23 -163
19 2 -1 25 3 16 -6 -16 2 39 25 138
Net Cash Flow 0 0 2 1 1 -1 0 1 0 0 14 -13

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 59 46 24 40 42 58 64 50 90 75 76 88
Inventory Days 94 36 21 32 43 44 73 82 102 91 86 167
Days Payable 139 47 32 48 48 64 94 67 92 93 87 129
Cash Conversion Cycle 14 35 13 25 37 38 42 66 100 72 75 126
Working Capital Days 39 36 20 31 38 55 67 75 112 78 78 122
ROCE % 3% 11% 11% 10% 10% 12% 12% 11% 7% 11% 13%

Shareholding Pattern

Numbers in percentages

11 Recently
Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
55.24% 55.65% 56.44% 56.49% 56.49% 58.26% 58.43% 55.52% 56.14% 56.14% 56.14% 56.89%
44.76% 44.35% 43.56% 43.51% 43.51% 41.73% 41.57% 44.47% 43.87% 43.86% 43.86% 43.10%
No. of Shareholders 3033082852712722782715015258461,3262,104

Documents