Morarjee Text.

Why is Morarjee Textiles Ltd falling/rising?

As of 08-Jun, Morarjee Textiles Ltd's stock price is at 7.14, down 0.28%, with a year-to-date return of -9.51%, underperforming the Sensex. Weak fundamentals, significant declines in sales and profits, and lack of recent financial disclosures indicate poor financial health and investor confidence.

As of 08-Jun, Morarjee Textiles Ltd's stock price is falling, currently at 7.14, reflecting a decrease of 0.02 or 0.28%. This decline is supported by several negative factors impacting the company's performance. Over the past year, the stock has generated a return of -9.51%, significantly underperforming the benchmark Sensex, which has only declined by 7.52% during the same period. <BR><BR>The company's long-term fundamentals are weak, as evidenced by a substantial annual decline in net sales of -37.66% and an operating profit decrease of -9.15% over the last five years. Additionally, Morarjee Textiles has not declared any financial results in the last six months, raising concerns about its financial health. The company has reported negative results for four consecutive quarters, with net sales for the half-year down by 79.8%. <BR><BR>Moreover, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Investor participation has also fallen sharply, with delivery volume dropping by 70.86% compared to the five-day average. These factors collectively contribute to the stock's current downward trajectory, reflecting a lack of confidence among investors.

Which are the latest news on Morarjee Text.?

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.

How big is Morarjee Text.?

As of 21st July, Morarjee Textiles Ltd has a market capitalization of 27.00 Cr and reported Net Sales of 70.86 Cr, with a Net Profit loss of 163.28 Cr over the latest four quarters.

As of 21st July, Morarjee Textiles Ltd has a market capitalization of 27.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 70.86 Cr. However, it experienced a loss of 163.28 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2023. Shareholder's Funds stood at a loss of 278.34 Cr, while Total Assets were valued at 473.41 Cr.

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%.

Who are in the management team of Morarjee Text.?

As of March 2021, 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, along with the Company Secretary and CEO, Kishor Dhage. They oversee the company's operations and strategic direction.

As of March 2021, the management team of Morarjee Text includes the following 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 is responsible for overseeing the operations and strategic direction of the company.

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.

What does Morarjee Text. do?

Morarjee Textiles Ltd is a Micro Cap manufacturer in the Garments & Apparels industry, part of the Ashok Piramal Group, with recent net sales of 13 Cr and a net loss of 106 Cr as of March 2024. The company has a market cap of Rs 27 Cr and key financial metrics include a debt-equity ratio of -1.51 and a return on equity of 33.43%.

Overview: <BR>Morarjee Textiles Ltd is a manufacturer of textile products operating in the Garments & Apparels industry, categorized as a Micro Cap company.<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>Most recent Net Sales: 13 Cr (Quarterly Results - Mar 2024) <BR>Most recent Net Profit: -106 Cr (Quarterly Results - Mar 2024) <BR>Market-cap value: Rs 27 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: -0.08<BR><BR>Contact Details: <BR>Address: 2 Peninsula Spenta MM Compound, Senapati Bapat Marg LowerParel Mumbai Maharashtra : 400013 <BR>Tel: 91-22-6615 4651 <BR>Email: corporatesecretarial@ashokpiramalgr <BR>Website: http://www.morarjee.com

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.

Who are the peers of the Morarjee Text.?

Morarjee Text.'s peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Piotex, Hisar Spg. Mills, Samtex Fashion, and Uniroyal Ind. Among these, K P R Mill Ltd shows excellent growth and capital structure, while Morarjee Text. has below-average growth and capital structure, with a 1-year return of -60.30%.

Peers: The peers of Morarjee Text. are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Piotex, Hisar Spg. Mills, Samtex Fashion, and Uniroyal Ind.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent and Piotex. Average management risk is present at Trident, Morarjee Text., Hisar Spg. Mills, and Uniroyal Ind, and Samtex Fashion does not qualify. Growth is Excellent for K P R Mill Ltd and management risk is Good for Trent and Piotex, while Below Average growth is noted for Page Industries, Vedant Fashions, Trident, Morarjee Text., Hisar Spg. Mills, Uniroyal Ind, and Samtex Fashion. Capital Structure is Excellent for K P R Mill Ltd and Suumaya Indust., Good for Trent, Trident, and Piotex, while Below Average is seen at Morarjee Text. and Uniroyal Ind.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Page Industries at 26.58%, while Morarjee Text. has the lowest at -60.30%. This indicates that Morarjee Text.'s return is significantly lower than that of Page Industries. Additionally, the six-month return is negative for Trent, Vedant Fashions, Piotex, Morarjee Text., and Uniroyal Ind.