Morarjee Textiles Ltd.
Snapshot View

18.85 ▼0%

23 July 2021, 04:00:00 P.M.

Overview View Details

Sector Textile Compare with Sector peers
Industry Textile - Weaving Compare with Industry peers
Website http://www.morarjeetextiles.com/www.morarjee.com
Financial Indicators
Market Cap 68.49 Cr.
Earnings per share (EPS) -16.97 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE - Trailing Twelve Months Ending 2021-03
Book Value / Share -1.39 Trailing Twelve Months Ending 2021-03
Price to Book Value -13.52 Calculated using Price: 18.85
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 3.63 Cr. 36,332,349 Shares
FaceValue 7
Company Profile

Morarjee Textiles (MTL) is a successful member of the diversified Ashok Piramal Group (APG). Carrying forward the legacy of the erstwhile Morarjee Goculdas Spinning & Weaving Co. Ltd since 1871, MTL is among the oldest textile units in the country and was the Ashok Piramal Group's first industrial enterprise when they took over in 1934.

Morarjee Textiles (MTL) is a leading player in the premium shirting fabric business and high fashion printed fabric business for global markets. It has completely integrated manufacturing plants with spinning, weaving, printing, processing and packing facilities. Its products are in the high value niche segment. MTL has two divisions - the shirting division and the printed fabric division.

MTL’s competitive advantage lies in its innovative design, product development and flexible service offering. It makes premium voiles and high fashion printed fabrics for the Middle East, Far East, North African and European markets.

Its customer base is spread across 20 countries around the globe and is growing fast. Today it offers premium cotton shirting fabrics to most of the leading Indian and International brands. MTL also has a 49% stake in Just Textiles Ltd. which is currently engaged in the business of processing various textile fabrics with modern machinery installed at its factory in Ambernath, Mumbai.

To ensure growth and provide value to its stakeholders, MTL has recently entered the garments business in mid 2004 by establishing a subsidiary company - Integra Apparels & Textiles Pvt. Ltd. The business already has an impressive client list and is growing rapidly.

Product range of the company includes:

  • Shirtings- Morarjee Textiles provides shirting fabric to a worldwide audience. It specializes in premium color woven and distinctive finish to fabrics and meet the niche requirements and exacting specifications of its clientele.
  • Fashion- Apart from India, its fashion fabrics find favour with various renowned names from Europe, the US, and Australia. Its core qualities are evident in the array of fabrics in fine counts, 100% cotton satins, and premium voiles.
  • Traditional - Morarjee Textiles caters to the Middle East and African subcontinent along with the conversion centers in Europe and Far East for its traditional ensembles.

Clientele:

Morarjee Textiles Ltd. has left an indelible impression on the global fashion industry. Today, it is  the preferred choice of premium brands such as Polo Ralph Lauren, Eddie Bauer, DKNY, GAP, Paul Smith, Zodiac, Louis Phillipe, Van Heusen, Zara among others.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
1 Week
-5.04%
1 Month
+4.43%
3 Month
+28.67%
6 Month
+43.89%
1 Year
+83.19%
2 Year
+37.89%
5 Year
-61.41%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 30.31 31.30 20.21 14.67 10.26 0.37 -25.63 -37.57 -237.86
Return on Capital Employed (%) 16.18 18.93 15.86 11.19 8.96 8.40 3.20 3.90 -4.10
Return on Assets (%) 6.17 6.97 4.98 3.17 1.74 0.06 -3.38 -3.81 -9.53

Balance Sheet View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 107 123 133 141 114 108 83 57 -5
Non Curr. Liab. 45 93 111 270 340 395 346 239 222
Curr. Liab. 245 195 181 203 285 231 286 371 409
Minority Int.
Equity & Liab. 398 411 426 614 739 733 715 667 626
Non Curr. Assets 246 248 256 414 524 507 485 458 434
Curr. Assets 152 163 170 200 215 226 230 209 192
Misc. Exp. not W/O
Total Assets 398 411 426 614 739 733 715 667 626

Profit Loss View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 364 392 365 337 377 361 349 382 194
Other Income 0 0 2 2 7 6 2 2 1
Total Income 364 392 367 339 384 367 350 384 195
Total Expenditure -299 -316 -306 -283 -315 -292 -308 -340 -191
PBIDT 65 76 61 56 69 75 43 44 4
Interest -27 -25 -19 -23 -40 -51 -54 -57 -55
Depreciation -14 -16 -10 -10 -19 -23 -23 -24 -23
Taxation 0 -6 -12 -7 1 0 10 11 12
Exceptional Items 0
PAT 24 28 21 16 12 0 -24 -26 -62

Cash Flow View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 90 55 23 40 61 53 70 175 -98
Cash Fr. Inv. -54 -10 -11 -162 -135 -8 -1 6 0
Cash Fr. Finan. -36 -44 -12 130 74 -43 -65 -187 103
Net Change 0 0 0 8 0 2 4 -6 5
Cash & Cash Eqvt 1 1 1 8 1 2 6 0 5

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 59.71 59.71 59.71 59.71 59.71 59.71 59.71 59.71 59.71
Public 40.29 40.29 40.29 40.29 40.29 40.29 40.29 40.29 40.29
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Wed, 21 Jul 2021
Shareholding for the Period Ended June 30 2021
Morarjee Textiles Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Fri, 09 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Enclosed is the Compliance certificate under Regulation 74(5) for Quarter ended 30.06.2021
Wed, 07 Jul 2021
Quarterly Disclosures By Listed Entities Of Defaults On Payment Of Interest/ Repayment Of Principal Amount On Loans From Banks / Financial Institutions And Unlisted Debt Securities
Quarterly Disclosures by listed entities of defaults on payment of interest/ repayment of principal amount on loans from banks / financial institutions and unlisted debt securities

Technical Scans View Details

Fri, 23 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Decreasing Relative Strength - Benchmark index Decreasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Decreasing Relative Strength - Sectoral index Decreasing Relative Strength - Sectoral index
Both SRS And ARS Above Zero Both SRS And ARS Above Zero

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Page Industries Ltd. 37,169.67 33,420.15 0%
Welspun India Ltd. 12,775.08 127.15 0%
Alok Industries Ltd. 12,661.36 25.50 0%
K.P.R. Mill Ltd. 12,481.45 1,813.90 0%
Lux Industries Ltd. 12,190.91 4,053.95 0%
Vardhman Textiles Ltd. 10,336.07 1,792.55 0%
Trident Ltd. 8,968.88 17.60 0%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Page Industries Ltd. Standalone 2021-03 109.14 33,420.15 0%
Welspun India Ltd. Consolidated 2021-03 23.67 127.15 0%
Alok Industries Ltd. Consolidated 2021-06 3.04 25.50 0%
K.P.R. Mill Ltd. Consolidated 2021-03 24.22 1,813.90 0%
Lux Industries Ltd. Consolidated 2021-03 44.92 4,053.95 0%
Vardhman Textiles Ltd. Consolidated 2021-03 25.22 1,792.55 0%
Trident Ltd. Consolidated 2021-03 29.47 17.60 0%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Page Industries Ltd. Standalone 2021-03 42.01 33,420.15 0%
Welspun India Ltd. Consolidated 2021-03 3.51 127.15 0%
Alok Industries Ltd. Consolidated 2021-06 -0.71 25.50 0%
K.P.R. Mill Ltd. Consolidated 2021-03 5.31 1,813.90 0%
Lux Industries Ltd. Consolidated 2021-03 12.13 4,053.95 0%
Vardhman Textiles Ltd. Consolidated 2021-03 1.60 1,792.55 0%
Trident Ltd. Consolidated 2021-03 2.69 17.60 0%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Page Industries Ltd. Standalone 2021-03 0.00 33,420.15 0%
Welspun India Ltd. Consolidated 2020-03 1.16 127.15 0%
Alok Industries Ltd. Consolidated 2020-03 -2.39 25.50 0%
K.P.R. Mill Ltd. Consolidated 2020-03 0.42 1,813.90 0%
Lux Industries Ltd. Consolidated 2020-03 0.29 4,053.95 0%
Vardhman Textiles Ltd. Consolidated 2020-03 0.37 1,792.55 0%
Trident Ltd. Consolidated 2020-03 0.65 17.60 0%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Page Industries Ltd. Standalone 2021-03 39.96 33,420.15 0%
Welspun India Ltd. Consolidated 2020-03 18.23 127.15 0%
Alok Industries Ltd. Consolidated 2020-03 0.00 25.50 0%
K.P.R. Mill Ltd. Consolidated 2020-03 20.61 1,813.90 0%
Lux Industries Ltd. Consolidated 2020-03 27.03 4,053.95 0%
Vardhman Textiles Ltd. Consolidated 2020-03 9.97 1,792.55 0%
Trident Ltd. Consolidated 2020-03 11.45 17.60 0%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Page Industries Ltd. Standalone 2021-03 55.51 33,420.15 0%
Welspun India Ltd. Consolidated 2020-03 13.95 127.15 0%
Alok Industries Ltd. Consolidated 2020-03 10.23 25.50 0%
K.P.R. Mill Ltd. Consolidated 2020-03 19.67 1,813.90 0%
Lux Industries Ltd. Consolidated 2020-03 28.73 4,053.95 0%
Vardhman Textiles Ltd. Consolidated 2020-03 9.65 1,792.55 0%
Trident Ltd. Consolidated 2020-03 10.32 17.60 0%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Page Industries Ltd. Standalone 2021-03 2,832.96 33,420.15 0%
Welspun India Ltd. Consolidated 2020-03 6,741.09 127.15 0%
Alok Industries Ltd. Consolidated 2020-03 3,328.79 25.50 0%
K.P.R. Mill Ltd. Consolidated 2020-03 3,352.63 1,813.90 0%
Lux Industries Ltd. Consolidated 2020-03 1,206.13 4,053.95 0%
Vardhman Textiles Ltd. Consolidated 2020-03 6,735.00 1,792.55 0%
Trident Ltd. Consolidated 2020-03 4,727.67 17.60 0%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Page Industries Ltd. Standalone 2021-03 340.58 33,420.15 0%
Welspun India Ltd. Consolidated 2020-03 524.36 127.15 0%
Alok Industries Ltd. Consolidated 2020-03 1,311.22 25.50 0%
K.P.R. Mill Ltd. Consolidated 2020-03 376.68 1,813.90 0%
Lux Industries Ltd. Consolidated 2020-03 122.48 4,053.95 0%
Vardhman Textiles Ltd. Consolidated 2020-03 578.83 1,792.55 0%
Trident Ltd. Consolidated 2020-03 343.28 17.60 0%