Morarjee Textiles Ltd

Morarjee Text. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Morarjee Textiles Ltd

₹ 7.61 4.97%
11 May - close price
morarjeetextiles.com BSE: 532621 NSE: MORARJEE
About

Incorporated in 1995, Morarjee Textiles
Ltd is in the business of manufacturing
and export of shirting fabric and printed
fabric[1]

Key Points

Business Overview:[1]
MTL is a part of the Ashok Piramal Group. It is the oldest textile company in India which deals in premium shirting fabric business and high fashion printed fabrics with several high fashion brands like UNIQLO, ZARA, Esprit, NEXT, M&S, H&M, ONLY, Ralph Lauren, Dressmann, T M Lewin, Jaeger, Louis Phillipe, Van Heusen, Blackberry, AND, Global Desi.
Their fabrics are exported to 50+ countries including Bangladesh, UAE, Columbia, Brazil, Mexico, Indonesia, etc.

Website BSE NSE - BZ
  • Market Cap ₹ 27.6 Cr.
  • Current Price ₹ 7.61
  • High / Low ₹ 10.2 / 5.38
  • Stock P/E
  • Book Value ₹ -94.6
  • Dividend Yield 0.00 %
  • ROCE -21.8 %
  • ROE %
  • Face Value ₹ 7.00
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -10.5% over past five years.
  • Contingent liabilities of Rs.27.7 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
74 65 57 58 77 80 45 52 59 51 11 0 9
66 57 54 61 73 78 60 65 70 64 21 -6 15
Operating Profit 8 7 3 -3 4 2 -15 -13 -11 -13 -10 6 -6
OPM % 10% 11% 4% -4% 6% 2% -34% -24% -19% -26% -95% -63%
0 0 1 0 0 0 0 0 0 -32 -1 -6 0
Interest 15 15 17 17 19 20 20 21 22 17 21 22 20
Depreciation 6 6 6 6 6 6 6 6 6 5 5 5 5
Profit before tax -13 -14 -19 -25 -20 -24 -40 -39 -39 -68 -37 -28 -31
Tax % 0% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0% 1% 0%
-13 -14 -19 -25 -20 -24 -40 -39 -39 -68 -37 -28 -31
EPS in Rs -3.67 -3.77 -5.33 -6.96 -5.46 -6.53 -11.15 -10.63 -10.64 -18.62 -10.16 -7.75 -8.45
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
313 364 392 365 337 377 361 349 382 194 272 207 71
271 299 316 306 283 315 292 308 340 191 266 259 94
Operating Profit 42 65 76 60 54 62 69 41 42 3 6 -52 -23
OPM % 14% 18% 19% 16% 16% 16% 19% 12% 11% 1% 2% -25% -32%
0 0 0 2 2 7 6 2 2 1 1 -31 -39
Interest 29 27 25 19 23 40 51 54 57 55 72 80 79
Depreciation 14 14 16 10 10 19 23 23 24 23 23 22 21
Profit before tax -1 24 34 33 24 10 1 -34 -37 -74 -88 -185 -163
Tax % 4% 0% 18% 36% 30% -14% 50% -29% -29% -17% 0% 0%
-1 24 28 21 16 12 0 -25 -26 -62 -88 -185 -163
EPS in Rs 6.59 7.77 5.74 4.54 3.31 0.14 -6.76 -7.29 -16.99 -24.28 -51.04 -44.98
Dividend Payout % 0% 27% 32% 31% 31% 42% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -6%
5 Years: -11%
3 Years: -18%
TTM: -70%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 19%
Stock Price CAGR
10 Years: -16%
5 Years: -13%
3 Years: -26%
1 Year: 17%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 25 25 25 25 25 25 25 25 25 25 25 25 25
Reserves 50 57 72 83 91 88 82 58 31 -30 -119 -304 -369
247 228 225 220 381 501 521 510 380 517 525 515 522
55 88 88 98 117 124 105 129 248 145 195 267 284
Total Liabilities 377 398 411 426 614 739 733 723 685 657 627 504 463
209 234 222 217 296 512 499 477 455 432 410 388 377
CWIP 3 2 9 15 70 3 0 0 0 0 0 0 0
Investments 0 8 8 8 8 5 5 5 1 1 0 0 0
165 154 172 186 240 218 229 240 229 224 217 116 86
Total Assets 377 398 411 426 614 739 733 723 685 657 627 504 463

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
22 90 55 23 40 61 53 70 175 -98 18 8
-13 -54 -10 -11 -162 -135 -8 -1 6 -0 -0 -0
-9 -36 -44 -12 130 74 -43 -65 -187 103 -6 -22
Net Cash Flow -0 -1 -0 -0 8 0 2 4 -6 5 12 -14
Free Cash Flow 9 36 44 11 -122 -82 47 69 175 -99 18 7
CFO/OP 53% 144% 81% 50% 80% 102% 82% 173% 415% -3,660% 298% -15%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 50 58 57 64 77 59 54 43 34 67 28 9
Inventory Days 178 172 176 205 265 321 395 331 216 315 209 101
Days Payable 105 114 90 98 176 253 236 292 225 412 242 248
Cash Conversion Cycle 124 116 143 170 166 126 213 82 25 -30 -5 -139
Working Capital Days 4 -103 -38 -20 -21 -70 -10 -69 -158 -422 -505 -1,098
ROCE % 9% 16% 19% 16% 11% 9% 8% 3% 4% -4% -3% -22%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Installed Capacity - Processing
Million Meters p.a. ・Standalone data

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Installed Capacity - Spinning (Spindles)
Number ・Standalone data
Installed Capacity - Weaving (Looms)
Number ・Standalone data
Trade Receivable Turnover Ratio
Times ・Standalone data
Fabric Production Volume
Million Meters ・Standalone data
Yarn Production Volume
Metric Tons ・Standalone data

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Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
59.71% 59.71% 59.71% 59.71% 59.71% 59.71% 59.71% 59.71% 59.71% 59.71% 59.71% 59.71%
4.29% 4.29% 4.29% 4.29% 4.29% 4.29% 4.29% 4.02% 4.02% 4.02% 4.02% 4.02%
31.84% 31.83% 31.83% 31.83% 31.83% 31.84% 31.83% 32.12% 32.13% 32.11% 32.10% 32.11%
4.16% 4.16% 4.16% 4.16% 4.16% 4.16% 4.16% 4.16% 4.16% 4.16% 4.16% 4.16%
No. of Shareholders 14,93314,92814,62114,71014,51615,08314,78916,89016,58716,42716,48316,418

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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