Morarjee Textiles
- Market cap
- ₹ 31 Cr.
- P/E
- 82.2x
- ROCE
- −26%
- Dividend yield
- 0%
- Sector
- Textiles & Apparels
- Industry
- Other Textile Products
- Listed on
- NSE, BSE
About
Morarjee Textiles Limited an India-based company, which is primarily engaged in the business of textile products. The Company mainly focuses on producing cotton fabrics. The Company has product segments with two divisions, namely Premium Yarn dyed shirting and Fashion fabric. The Company’s product lines include fashion prints, yarn dyed shirting, whites, voiles, and yarn. The Fashion Prints division is a curation of satin, cambric, poplin, lawn, and silk prints. The Yarn Dyed Shirting division is further segmented into Prima Linea, Ganges, and Seasonal Collection. The Whites division produces a range of white fabrics like linens, slubs, and thread. The Voiles division caters to the Middle East and African subcontinent along with the conversion centers in Europe and the Fast East for its traditional ensembles. The Yarn Division has an installed capacity of approximately 71696 Spindles with the manufacturing capacity of 4600 metric tons annually.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Textile Products: 275 companies →Morarjee Textiles against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)82.2 against a typical 16.3: pricier than most peers (1st = cheapest).230th of 268
- Sales growth−74.5% against a typical +6.7% from a year earlier.220th of 234
- Size₹ 31.1 Cr. market value against a typical ₹ 58.7 Cr. (1st = largest).167th of 256
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated D by Brickwork- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Brickwork | BWR D/BWR D | - | 5 Mar 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 5 Mar 2026 | Reaffirmed | BWR D/BWR D | — | Brickwork | ₹ 405.03 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 20 Aug 2025 | Other business matters | To consider other business matters- Audit committee meeting |
| 29 Oct 2024 | Financial Results | To consider and approve the financial results for the period ended March 31, 2024 |
| 14 Feb 2024 | Financial Results | To consider and approve the financial results for the period ended December 31, 2023 |
| 10 Nov 2023 | Financial Results | To consider and approve the financial results for the period ended September 30, 2023 |
| 21 Oct 2023 | Financial Results | MORARJEE : 20-Oct-2023 : The Company has informed the Exchange that a Board meeting to be held on October 21, 2023 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on October 20, 2023, , To consider and approve the financial results for the period ended Jun 30, 2023 |
| 11 May 2023 | Financial Results | MORARJEE : 29-May-2023 : The Company has informed the Exchange that a Board meeting to be held on May 11, 2023 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on May 29, 2023, To consider and approve the financial results for the period ended March 31, 2023 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 57 | 58 | 77 | 80 | 45 | 52 | 59 | 51 | 11 | 0 | 9 | 13 |
| Expenses | 54 | 61 | 73 | 78 | 60 | 65 | 70 | 65 | 21 | −6 | 15 | 26 |
| Operating Profit | 3 | −3 | 4 | 2 | −15 | −13 | −11 | −13 | −10 | 6 | −6 | −12 |
| OPM % | 4.4% | −4.5% | 6% | 2.1% | −34% | −24% | −19% | −26% | −95% | — | −63% | −94% |
| Other Income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | −32 | −1 | −6 | 0 | 0 |
| Interest | 17 | 17 | 19 | 20 | 20 | 21 | 22 | 17 | 21 | 22 | 20 | 88 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | −19 | −25 | −20 | −24 | −40 | −39 | −39 | −68 | −37 | −28 | −31 | −105 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1% | 0% | 1% |
| Net Profit | −19 | −25 | −20 | −24 | −40 | −39 | −39 | −68 | −37 | −28 | −31 | −106 |
| EPS in Rs | −5.33 | −6.96 | −5.46 | −6.53 | −11.15 | −10.63 | −10.64 | −18.66 | −10.16 | −7.75 | −8.44 | −29.09 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −22%
- 5 Years
- −38%
- 3 Years
- −45%
- TTM
- −84%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- −22%
- 10 Years
- −18%
- 5 Years
- −14%
- 3 Years
- −28%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
Peers
Listed companies in the same business.
| Morarjee Textiles | — | ₹ 31 Cr. | 82.2x | — | — | — |
| Arvind | ₹ 482.00 | ₹ 13,095 Cr. | 32.6x | 3.4x | 10.6% | 4.6% |
| Trident | ₹ 20.48 | ₹ 10,437 Cr. | 34.5x | 2.7x | 8% | 5.6% |
| Garware Technical Fibres | ₹ 740.25 | ₹ 7,202 Cr. | 36.2x | 5.7x | 16.4% | 13.9% |
| Filatex India | ₹ 91.60 | ₹ 4,068 Cr. | 17.6x | 2.1x | 12.9% | 4.4% |
| Nitin Spinners | ₹ 602.30 | ₹ 3,386 Cr. | 17.4x | 2.1x | 12.8% | 5.5% |
Management
- Rita Batra
- Member Key Management Personnel
- Neha Modi
- Member Key Management Personnel
- Pradeep Modi
- Member Key Management Personnel
- Karina Vaz
- Deputy Company Secretary
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