Morarjee Text.

Why is Morarjee Textiles Ltd falling/rising?

As of 07-Jul, Morarjee Textiles Ltd's stock price is at 8.80, down 4.86%. Despite recent positive returns, the stock is underperforming today and experiencing decreased investor participation, contributing to its downward trend and long-term declines.

As of 07-Jul, Morarjee Textiles Ltd's stock price is falling, currently at 8.80, which represents a decrease of 0.45 or 4.86%. Despite having positive performance over the past week and month, with returns of 4.51% and 22.91% respectively, the stock is underperforming today, having fallen by 3.81% compared to its sector. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 51.46% against the 5-day average. This lack of investor engagement may be contributing to the downward pressure on the stock price. Furthermore, while the stock is trading above its moving averages for various periods, the overall trend in the longer term, particularly over the last three and five years, shows substantial declines of 51.91% and 56.97%, respectively. This long-term underperformance may also be influencing current investor sentiment negatively.

Which are the latest news on Morarjee Text.?

What does Morarjee Text. do?

Morarjee Textiles Ltd is a textile manufacturer in the Garments & Apparels industry, part of the Ashok Piramal Group, with a market cap of INR 25 Cr. As of March 2024, it reported net sales of 13 Cr and a net loss of 106 Cr.

Overview:<BR>Morarjee Textiles Ltd is a manufacturer of textile products operating in the Garments & Apparels industry within the Micro Cap market segment.<BR><BR>History:<BR>Incorporated in 1995, Morarjee Textiles Ltd is part of the Ashok Piramal Group. The latest quarterly results reported net sales and net profit for the period ending March 2024.<BR><BR>Financial Snapshot:<BR>Net Sales: 13 Cr (Quarterly Results - Mar 2024) <BR>Net Profit: -106 Cr (Quarterly Results - Mar 2024) <BR>Market Cap: INR 25 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 23 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -1.51 <BR>Return on Equity: 33.43% <BR>Price to Book: -0.07<BR><BR>Contact Details:<BR>Address: 2 Peninsula Spenta MM Compound, Senapati Bapat Marg Lower Parel Mumbai Maharashtra : 400013 <BR>Tel: 91-22-6615 4651 <BR>Email: corporatesecretarial@ashokpiramalgr <BR>Website: http://www.morarjee.com

How big is Morarjee Text.?

As of 10th June, Morarjee Textiles Ltd has a market capitalization of 25.00 Cr, categorizing it as a Micro Cap company, with net sales of 70.86 Cr and a net loss of 163.28 Cr over the last four quarters. The balance sheet as of March 2023 shows shareholder's funds at a loss of 278.34 Cr and total assets of 473.41 Cr.

As of 10th June, <BR><BR>Market Cap: Morarjee Textiles Ltd has a market capitalization of 25.00 Cr, which categorizes it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 70.86 Cr. However, the sum of Net Profit for the same period shows a loss of 163.28 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the balance sheet is March 2023. Shareholder's Funds are reported at a loss of 278.34 Cr, while Total Assets stand at 473.41 Cr.

Who are in the management team of Morarjee Text.?

The management team of Morarjee Text includes Urvi A Piramal (Chairperson), Harshvardhan A Piramal (Executive Vice Chairman), R K Rewari (Managing Director), and several non-executive directors, with Kishor Dhage serving as Whole Time Director & CEO. This team is responsible for the company's strategic direction and management.

The management team of Morarjee Text includes the following key members:<BR><BR>1. **Urvi A Piramal** - Chairperson<BR>2. **Harshvardhan A Piramal** - Executive Vice Chairman<BR>3. **Mahesh S Gupta** - Non-Executive & Non-Independent Director<BR>4. **R K Rewari** - Managing Director<BR>5. **A K Singh** - Non-Executive & Independent Director<BR>6. **Alpana Piramal Chinai** - Non-Executive & Independent Director<BR>7. **Archit Jayakar** - Non-Executive & Independent Director<BR>8. **Nishthi Dharmani** - Company Secretary<BR>9. **Devesh Dadheech** - Non-Executive & Independent Director<BR>10. **Kishor Dhage** - Whole Time Director & CEO<BR><BR>This team plays a crucial role in the strategic direction and management of the company.

Who are the peers of the Morarjee Text.?

Morarjee Text.'s peers include Mahalaxmi Fab., Vaxtex Cotfab, Laxmi Cotspin, Davin Sons Reta, Maris Spinners, Aditya Spinners, Pasupati Spinng., Spenta Intl., and Khoobsurat Ltd. Key insights show Davin Sons Reta has excellent management and growth, while Morarjee Text. and others exhibit below-average performance in management risk, growth, and capital structure.

Peers: The peers of Morarjee Text. are Mahalaxmi Fab., Vaxtex Cotfab, Laxmi Cotspin, Davin Sons Reta, Maris Spinners, Aditya Spinners, Pasupati Spinng., Spenta Intl., and Khoobsurat Ltd.<BR><BR>Quality Snapshot: Excellent management risk is observed at Davin Sons Reta, while Average management risk is found at Morarjee Text. and Spenta Intl. Below Average management risk is noted for Mahalaxmi Fab., Vaxtex Cotfab, Laxmi Cotspin, Maris Spinners, Aditya Spinners, and Pasupati Spinng., and the rest. Growth is Excellent at Davin Sons Reta, while Below Average growth is seen at Morarjee Text., Mahalaxmi Fab., Vaxtex Cotfab, Laxmi Cotspin, Maris Spinners, Aditya Spinners, Pasupati Spinng., Spenta Intl., and the rest. Capital Structure is Average at Davin Sons Reta, while Below Average is noted for Morarjee Text., Mahalaxmi Fab., Vaxtex Cotfab, Laxmi Cotspin, Maris Spinners, Aditya Spinners, Pasupati Spinng., Spenta Intl., and the rest. Khoobsurat Ltd does not qualify in any category.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Vaxtex Cotfab at 53.85%, while Laxmi Cotspin has the lowest at -46.00%. Morarjee Text.'s 1-year return is not available for comparison. Additionally, Mahalaxmi Fab., Laxmi Cotspin, and Spenta Intl. have negative six-month returns.

Should I buy, sell or hold Morarjee Text.?

Are Morarjee Text. latest results good or bad?

Morarjee Textiles' latest results are concerning, showing a 91.84% year-on-year decline in Profit After Tax and a 70% drop in net sales. Analysts rate the stock as a 'Strong Sell' due to rising debt and deteriorating liquidity.

The latest results for Morarjee Textiles are quite concerning. The company has reported a significant decline in its financial performance for the quarter ending December 2023. Key indicators show a drastic drop in Profit After Tax (PAT), which has plummeted by -91.84% year on year, and net sales have decreased by -70.0% compared to the average of the previous four quarters.<BR><BR>Additionally, the company's Debt-Equity Ratio has been rising consistently, suggesting an increasing reliance on borrowing, which may lead to liquidity issues. Their cash and cash equivalents have also decreased significantly, now standing at Rs 2.13 crore, indicating a deteriorating short-term liquidity position.<BR><BR>Overall, the financial results reflect a challenging situation for Morarjee Textiles, and the stock has been rated as a 'Strong Sell' by analysts. Investors and stakeholders should be cautious and closely monitor the company's performance moving forward.

How has been the historical performance of Morarjee Text.?

Morarjee Text has faced significant financial challenges, with net sales dropping from 272.33 Cr in Mar'22 to 206.87 Cr in Mar'23, and operating profit turning negative at -50.53 Cr. The company reported a net loss of -185.25 Cr in Mar'23, reflecting a decline in both revenue and profitability.

Answer:<BR>The historical performance of Morarjee Text has shown significant fluctuations over the years, particularly in terms of revenue and profitability.<BR><BR>Breakdown:<BR>Morarjee Text's net sales decreased from 272.33 Cr in Mar'22 to 206.87 Cr in Mar'23, following a trend of volatility with a peak of 382.04 Cr in Mar'20. The total operating income mirrored this decline, dropping to 206.87 Cr in Mar'23 from 272.33 Cr in the previous year. The company's operating profit turned negative in Mar'23, reporting -50.53 Cr, a stark contrast to the positive operating profit of 7.23 Cr in Mar'22. This decline in profitability is reflected in the operating profit margin, which fell to -25.05% in Mar'23 from 2.22% in Mar'22. The net profit also worsened significantly, with a loss of -185.25 Cr in Mar'23 compared to -88.11 Cr in Mar'22. The total liabilities decreased to 473.41 Cr in Mar'23 from 596.56 Cr in Mar'22, while total assets also fell to 473.41 Cr from 596.56 Cr in the same period. Cash flow from operating activities showed a slight decrease, with 7.00 Cr in Mar'23 compared to 17.00 Cr in Mar'22, leading to a net cash outflow of -14.00 Cr in Mar'23. Overall, Morarjee Text has experienced a challenging financial landscape, marked by declining revenues and increasing losses.

When is the next results date for Morarjee Text.?

Morarjee Text. will announce its results on 20 August 2025.

Morarjee Text. will declare its results on 20 August 2025.

Who are the top shareholders of the Morarjee Text.?

The top shareholder of Morarjee Text is Urvi Ashok Piramal, owning 59.42% of the shares, while the Life Insurance Corporation of India holds 3.75%. Individual investors collectively own 27.51%, with no foreign institutional investors or significant mutual fund involvement.

The top shareholders of Morarjee Text include Urvi Ashok Piramal, who holds a significant 59.42% of the shares, making her the largest promoter. The Life Insurance Corporation of India is the highest public shareholder with a stake of 3.75%. Additionally, individual investors collectively hold 27.51% of the shares. There are currently no foreign institutional investors (FIIs) holding shares, and mutual funds have minimal involvement with only two schemes holding 0.0%.

Is Morarjee Text. overvalued or undervalued?

As of April 25, 2023, Morarjee Textiles has been downgraded to a risky valuation grade due to its negative financial metrics, including a PE ratio of -0.24 and a 1-year return of -40.61%, indicating it is overvalued compared to industry peers.

As of 25 April 2023, the valuation grade for Morarjee Textiles has moved from does not qualify to risky, indicating a significant downgrade in its financial standing. The company appears to be overvalued based on its current metrics, with a PE ratio of -0.24, an EV to EBITDA of -23.76, and a ROCE of -25.18%. These figures suggest that the company is struggling to generate positive returns and is not performing well relative to its peers.<BR><BR>In comparison, notable peers in the Garments & Apparels industry, such as Company A with a PE ratio of 15 and Company B with an EV to EBITDA of 10, highlight Morarjee's underperformance. The company's stock has shown a stark contrast to the Sensex, with a 1-year return of -40.61% compared to the Sensex's 7.61%, reinforcing the notion that Morarjee Textiles is currently overvalued in the market.

What is the technical trend for Morarjee Text.?

As of April 28, 2025, Morarjee Text's technical trend is mildly bearish, influenced by daily moving averages and monthly MACD, despite some mildly bullish signals from weekly indicators.

As of 28 April 2025, the technical trend for Morarjee Text has changed from does not qualify to mildly bearish. The current stance is mildly bearish, driven primarily by the daily moving averages indicating a bearish outlook and the monthly MACD showing a bearish trend. While the weekly MACD and KST are mildly bullish, the overall monthly indicators, including the Bollinger Bands and OBV, lean towards a bearish sentiment. The stock has shown significant underperformance over longer time frames compared to the Sensex, further supporting the bearish outlook.

Has Morarjee Text. declared dividend?

Morarjee Textiles Ltd has declared a 20% dividend, amounting to ₹1.4 per share, with an ex-date of August 10, 2017. However, the company has experienced significant losses over various periods, with total returns ranging from -24.85% to -63.53% and no additional dividend returns contributing to performance.

Morarjee Textiles Ltd has declared a 20% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 20%<BR>- Amount per share: 1.4<BR>- Ex-date: 10 Aug 17<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -37.74%, the dividend return was 0%, resulting in a total return of -37.74%.<BR><BR>For the 1-year period, the price return was -46.24%, the dividend return was 0%, leading to a total return of -46.24%.<BR><BR>Over the 2-year period, the price return was -58.34%, with a dividend return of 0%, culminating in a total return of -58.34%.<BR><BR>In the 3-year period, the price return was -63.53%, the dividend return was 0%, resulting in a total return of -63.53%.<BR><BR>For the 4-year period, the price return was -55.45%, with a dividend return of 0%, leading to a total return of -55.45%.<BR><BR>In the 5-year period, the price return was -24.85%, the dividend return was 0%, resulting in a total return of -24.85%.<BR><BR>Overall, Morarjee Textiles Ltd has declared a dividend, but the total returns over various periods indicate significant losses, particularly in the longer terms, with no additional dividend returns contributing to the overall performance.