Morarjee Textiles Ltd.
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ABOUT
AI Sector View
AI GENERATEDTextiles
This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.
PROS
- Company is almost debt free
- Working capital cycle has improved - days down from -480 to -1091
- Company generates healthy free cash flow
CONS
- Net worth is negative - accumulated losses have eroded equity
- Company is loss-making at the operating / net level
- Company has a low return on equity of -79.0% over last 3 years
- Company has a low return on capital employed of -13.0%
- Interest coverage is weak at -1.3x - earnings barely cover interest
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.22x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SIYSIL | 553.60 | 10.59 | 2511.69 | 2.89 | 11.01 | 137.31 | 445.66 | 14.42 | 20.46 | 4.05 |
| UNITEDPOLY | 42.61 | 35.80 | 977.97 | 0.00 | 7.82 | 31.87 | 179.85 | 23.03 | 15.11 | 6.90 |
| VTMLTD | 56.49 | 66.63 | 568.11 | 0.00 | 19.32 | 319.54 | 984.04 | 1266.97 | 4.55 | 5.92 |
| MANOMAY | 233.10 | 20.89 | 420.72 | 0.00 | 4.95 | 11.28 | 197.51 | 20.48 | 12.74 | 10.01 |
| VGL | 53.91 | 0.00 | 277.79 | 0.00 | 78.81 | — | 1179.33 | — | 21.49 | 14.91 |
| JASCHIND | 295.00 | 8.91 | 200.54 | 0.00 | 5.07 | -4.97 | 59.32 | -3.79 | 19.22 | 11.43 |
| BSL | 123.55 | 35.01 | 127.16 | 0.00 | 1.72 | 266.38 | 169.72 | 7.41 | 6.01 | 8.42 |
| KGDENIM | 14.13 | 3.20 | 36.23 | 0.00 | 8.44 | 359.69 | 4.86 | -64.71 | -7.29 | -86.21 |
| MORARJEE | 9.50 | 0.00 | 34.52 | 0.00 | -30.66 | 20.63 | 9.07 | -84.66 | -31.59 | -62.84 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 80 | 45 | 52 | 59 | 51 | 11 | 0 | 9 | 13 | |
| 78 | 60 | 65 | 70 | 65 | 21 | -6 | 15 | 26 | |
| Operating Profit | 2 | -15 | -13 | -11 | -13 | -10 | 6 | -6 | -12 |
| OPM % | 2.14% | -33.77% | -24.35% | -18.69% | -25.87% | -95.26% | — | -63.07% | -94.10% |
| 0 | 0 | 0 | 0 | -32 | -1 | -6 | 0 | 0 | |
| Interest | 20 | 20 | 21 | 22 | 17 | 21 | 22 | 20 | 88 |
| Depreciation | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 5 |
| Profit before Tax | -24 | -40 | -39 | -39 | -68 | -37 | -28 | -31 | -105 |
| Tax % | -0.00% | -0.00% | -0.00% | -0.00% | -0.07% | -0.00% | -0.64% | -0.00% | -0.51% |
| Net Profit | -24 | -40 | -39 | -39 | -68 | -37 | -28 | -31 | -106 |
| -6.52 | -11.14 | -10.62 | -10.63 | -18.65 | -10.15 | -7.75 | -8.44 | -29.06 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 392 | 365 | 337 | 377 | 361 | 349 | 382 | 194 | 272 | 207 | 33 | |
| 316 | 306 | 283 | 315 | 292 | 307 | 340 | 191 | 266 | 259 | 55 | |
| Operating Profit | 76 | 60 | 54 | 62 | 69 | 41 | 42 | 3 | 6 | -52 | -22 |
| OPM % | 19.34% | 16.33% | 16.09% | 16.41% | 19.03% | 11.79% | 11.03% | 1.38% | 2.22% | -25.14% | -68.20% |
| 0 | 1 | 2 | 7 | 6 | 2 | 2 | 1 | 1 | -31 | -6 | |
| Interest | 25 | 19 | 23 | 39 | 51 | 54 | 57 | 55 | 72 | 80 | 150 |
| Depreciation | 16 | 10 | 10 | 19 | 23 | 23 | 24 | 23 | 23 | 22 | 21 |
| Profit before Tax | 34 | 32 | 24 | 10 | 1 | -34 | -37 | -74 | -88 | -185 | -201 |
| Tax % | 18.04% | 36.06% | 30.02% | -14.22% | 50.48% | 28.80% | 29.25% | 16.71% | -0.00% | -0.02% | -0.36% |
| Net Profit | 28 | 21 | 17 | 12 | 0 | -24 | -26 | -62 | -88 | -185 | -201 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -16.96 | -24.25 | -51.03 | — |
| Dividend Payout % | 33.80% | 33.70% | 34.68% | 43.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -5%
- 5 Years:
- -11%
- 3 Years:
- -18%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- -16%
- 5 Years:
- -10%
- 3 Years:
- -25%
- 1 Year:
- 5%
RETURN ON EQUITY
- 10 Years:
- -22%
- 5 Years:
- -60%
- 3 Years:
- -79%
- Last Year:
- 0%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | |
| 72 | 83 | 91 | 88 | 82 | 58 | 32 | -30 | -119 | -304 | |
| 201 | 186 | 353 | 511 | 540 | 519 | 373 | 523 | 501 | 475 | |
| Trade Payables | 38 | 38 | 57 | 78 | 62 | 92 | 89 | 84 | 77 | 80 |
| 75 | 94 | 88 | 35 | 23 | 21 | 148 | 24 | 112 | 196 | |
| Total Liabilities | 411 | 426 | 614 | 738 | 733 | 715 | 667 | 626 | 597 | 473 |
| 222 | 217 | 296 | 512 | 499 | 477 | 455 | 432 | 410 | 388 | |
| Capital Work in Progress | 9 | 15 | 70 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| 9 | 9 | 9 | 5 | 5 | 5 | 1 | 1 | 1 | 0 | |
| 74 | 79 | 86 | 99 | 104 | 105 | 85 | 64 | 66 | 33 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash & Bank | 1 | 0 | 8 | 1 | 6 | 10 | 2 | 7 | 18 | 4 |
| 96 | 106 | 145 | 117 | 119 | 118 | 124 | 123 | 102 | 49 | |
| Total Assets | 411 | 426 | 614 | 738 | 733 | 715 | 667 | 626 | 597 | 473 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 61 | 55 | 43 | 63 | 56 | 71 | 175 | -98 | 18 | 8 | |
| Cash from Investing | -10 | -11 | -162 | -135 | -8 | -1 | 6 | -0 | -0 | -0 |
| Cash from Financing | -44 | -37 | 131 | 74 | -43 | -65 | -187 | 103 | -6 | -22 |
| 0 | -0 | 8 | 0 | 2 | 4 | -6 | 5 | 12 | -14 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-06-18 - Morarjee Textiles Limited has informed the Exchange regarding Cessation of Mr Harshvardhan Piramal and Kishor Dhage as Whole Time Directors of the company w.e.f. Jun 09, 2026.
2026-06-13 - pursuant to the terms of the approved Resolution Plan and upon the recommendation/approval of the Implementation and Monitoring Committee (IMC), the following persons have been appointed as Directors on the Board of the Company with effect from 04th June, 2026:Mr. Govind Gopaldas Rathi Mr. Pravin Ratanlal Jain Mr. Sandeep Ramesh Joshi
2026-05-13 - Morarjee Textiles Limited has informed the Exchange about Corporate Insolvency Resolution Process
2026-05-13 - Morarjee Textiles Limited has informed the Exchange about Corporate Insolvency Resolution Process
2026-05-12 - Morarjee Textiles Limited has informed the Exchange about Corporate Insolvency Resolution Process
2026-05-12 - Morarjee Textiles Limited has informed the Exchange about Corporate Insolvency Resolution Process
2026-05-11 - Morarjee Textiles Limited has informed the Exchange about Corporate Insolvency Resolution Process
2026-05-11 - Morarjee Textiles Limited has informed the Exchange about Others
News
Recent coverage and analyst commentary for MORARJEE
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Morarjee Textiles Ltd.
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