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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Morarjee Textiles Ltd

About the Company - Morarjee Textiles Ltd

Morarjee Textiles Ltd. is a Public Limited Listed company incorporated on 14/07/1995 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L52322MH1995PLC090643 and registration number is 090643. Currently company belongs to the Industry of Textiles - General. Company’s Total Operating Revenue is Rs. 272.33 Cr. and Equity Capital is Rs. 25.43 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - GeneralPeninsula Corporate Park, Unit 5, Ground Floor, Mumbai Maharashtra 400013corporatesecretarial@ashokpiramalgroup.com
http://www.morarjee.com
Management
NamePosition Held
Ms. Urvi A PiramalChairperson
Mr. Harshvardhan A PiramalExecutive Vice Chairman
Mr. Amresh NarayanWholeTime Director & CEO
Ms. Alpana ChinaiIndependent Director
Mr. Devesh DadheechIndependent Director
Lt. Gen. (Retd.) A K SinghIndependent Director
Mr. Archit JayakarIndependent Director

Basic Stock Data of Morarjee Textiles Ltd

Last Updated: June 12, 2024, 10:31 pm

Market Cap 50.5 Cr.
Current Price 13.9
High / Low32.8/11.4
Stock P/E
Book Value 94.6
Dividend Yield0.00 %
ROCE21.8 %
ROE%
Face Value 7.00
PEG Ratio0.00

Competitors of Morarjee Textiles Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Century Textiles & Industries Ltd 23,305 Cr. 2,0862,281/78191.4 3560.24 %8.30 %6.49 % 10.0
SEL Manufacturing Company Ltd 218 Cr. 65.9164/62.3 17.00.00 %14.8 %444 % 10.0
TCNS Clothing Co. Ltd 3,457 Cr. 546572/327 47.90.00 %28.7 %63.1 % 2.00
Shiva Mills Ltd 81.2 Cr. 94.0119/67.0 1110.00 %3.07 %3.32 % 10.0
AKM Creations Ltd 138 Cr. 111117/0.00532 17.60.00 %1.57 %1.78 % 10.0
Industry Average5,439.84 Cr580.58124.68109.900.05%11.29%103.74%8.40

Morarjee Textiles Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales746557587780455259511109
Expenses6657546173786065706421-615
Operating Profit873-342-15-13-11-13-106-6
OPM %10%11%4%-4%6%2%-34%-24%-19%-26%-95%-63%
Other Income001000000-32-1-60
Interest15151717192020212217212220
Depreciation6666666665555
Profit before tax-13-14-19-25-20-24-40-39-39-68-37-28-31
Tax %0%-1%0%0%0%0%0%0%0%-0%0%-1%0%
Net Profit-13-14-19-25-20-24-40-39-39-68-37-28-31
EPS in Rs-3.67-3.77-5.33-6.96-5.46-6.53-11.15-10.63-10.64-18.62-10.16-7.75-8.45

Last Updated: April 10, 2024, 4:14 am

Morarjee Textiles Ltd Quarterly Chart

Morarjee Textiles Ltd Profit & Loss

Last Updated: June 2, 2024, 12:39 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales313364392365337377361349382194272207121
Expenses271299316306283315292308340191266259149
Operating Profit42657660546269414236-52-28
OPM %14%18%19%16%16%16%19%12%11%1%2%-25%-23%
Other Income00022762211-31-39
Interest29272519234051545755728082
Depreciation14141610101923232423232222
Profit before tax-124343324101-34-37-74-88-185-171
Tax %-4%0%18%36%30%-14%50%29%29%17%0%-0%
Net Profit-124282116120-25-26-62-88-185-171
EPS in Rs6.597.775.744.543.310.14-6.76-7.29-16.99-24.28-51.04-47.17
Dividend Payout %0%27%32%31%31%42%0%0%0%0%0%0%

Morarjee Textiles Ltd Profit & Loss Yearly Chart

Morarjee Textiles Ltd Growth

Compounded Sales Growth
10 Years:-6%
5 Years:-11%
3 Years:-18%
TTM:-70%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:19%
Stock Price CAGR
10 Years:-4%
5 Years:-2%
3 Years:11%
1 Year:-1%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: May 1, 2024, 9:51 am

Morarjee Textiles Ltd Balance Sheet

Last Updated: June 2, 2024, 12:39 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital25252525252525252525252525
Reserves505772839188825831-30-119-304-369
Preference Capital25252525250241501500
Borrowings222203200195356501497495380502525515522
Other Liabilities80113113123142124129144248160195267284
Total Liabilities377398411426614739733723685657627504463
Fixed Assets209234222217296512499477455432410388377
CWIP329157030000000
Investments0888855511000
Other Assets16515417218624021822924022922421711686
Total Assets377398411426614739733723685657627504463

Morarjee Textiles Ltd Reserves and Borrowings Chart

Morarjee Textiles Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2290552340615370175-98188
Cash from Investing Activity -13-54-10-11-162-135-8-16-0-0-0
Cash from Financing Activity -9-36-44-1213074-43-65-187103-6-22
Net Cash Flow-0-1-0-08024-6512-14

CIL Nova Petrochemicals Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days50585764775954433467289
Inventory Days178172176205265321395331216315209101
Days Payable1051149098176253236292225412242248
Cash Conversion Cycle1241161431701661262138225-30-5-139
Working Capital Days89-254269905410962-67120-9-295
ROCE %9%16%19%16%11%9%8%3%4%-4%-3%-22%

Morarjee Textiles Ltd Financial Efficiency Indicators Chart

Morarjee Textiles Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters59.71%59.71%59.71%59.71%59.71%59.71%59.71%59.71%59.71%59.71%59.71%59.71%
DIIs4.72%4.72%4.72%4.29%4.29%4.29%4.29%4.29%4.29%4.29%4.29%4.29%
Public31.41%31.41%31.41%31.84%31.84%31.84%31.84%31.83%31.83%31.83%31.83%31.84%
Others4.16%4.16%4.16%4.16%4.16%4.16%4.16%4.16%4.16%4.16%4.16%4.16%
No. of Shareholders14,40614,27314,11914,46414,19814,50114,93314,92814,62114,71014,51615,083

Morarjee Textiles Ltd Shareholding Pattern Chart

No. of Morarjee Textiles Ltd Shareholders

This stock is not held by any mutual fund

Morarjee Textiles Ltd ROCE Trend

Morarjee Textiles Ltd EPS Trend

Morarjee Textiles Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue7.007.007.007.007.00
Basic EPS (Rs.)-50.99-24.26-16.97-7.28-6.76
Diluted EPS (Rs.)-50.99-24.26-16.97-7.28-6.76
Cash EPS (Rs.)-44.84-17.95-10.55-0.72-0.35
Book Value[Excl.RevalReserv]/Share (Rs.)-76.61-25.69-1.3915.6622.93
Book Value[Incl.RevalReserv]/Share (Rs.)-76.61-25.69-1.3915.6622.93
Revenue From Operations / Share (Rs.)56.9474.9653.36105.1595.95
PBDIT / Share (Rs.)-13.911.991.0612.0511.77
PBIT / Share (Rs.)-20.05-4.31-5.355.525.38
PBT / Share (Rs.)-50.97-24.25-20.36-10.22-9.47
Net Profit / Share (Rs.)-50.99-24.25-16.96-7.25-6.74
NP After MI And SOA / Share (Rs.)-50.99-24.26-16.97-7.28-6.76
PBDIT Margin (%)-24.422.651.9711.4612.26
PBIT Margin (%)-35.22-5.74-10.025.255.60
PBT Margin (%)-89.52-32.35-38.16-9.71-9.86
Net Profit Margin (%)-89.54-32.35-31.78-6.89-7.02
NP After MI And SOA Margin (%)-89.56-32.36-31.80-6.92-7.04
Return on Networth / Equity (%)0.000.000.00-46.50-29.47
Return on Capital Employeed (%)36.84-18.94-7.866.404.48
Return On Assets (%)-36.77-14.05-9.39-3.86-3.39
Long Term Debt / Equity (X)-0.21-1.67-42.214.083.77
Total Debt / Equity (X)-1.85-5.63-85.445.755.26
Asset Turnover Ratio (%)0.360.420.280.540.47
Current Ratio (X)0.110.330.460.560.80
Quick Ratio (X)0.070.210.310.330.43
Inventory Turnover Ratio (X)1.751.780.761.401.07
Interest Coverage Ratio (X)-0.630.090.070.760.79
Interest Coverage Ratio (Post Tax) (X)-0.91-0.21-0.120.530.54
Enterprise Value (Cr.)572.76582.64492.89354.29526.24
EV / Net Operating Revenue (X)2.772.142.540.921.51
EV / EBITDA (X)-11.3380.56128.428.0912.31
MarketCap / Net Operating Revenue (X)0.290.270.260.070.23
Price / BV (X)-0.22-0.81-10.220.520.98
Price / Net Operating Revenue (X)0.290.270.260.070.23
EarningsYield-3.00-1.16-1.19-0.88-0.29

Morarjee Textiles Ltd Profitability Ratios (%)

Morarjee Textiles Ltd Liquidity Ratios

Morarjee Textiles Ltd Liquidity Ratios (%)

Morarjee Textiles Ltd Interest Coverage Ratios (%)

Morarjee Textiles Ltd Valuation Ratios

Fair Value

Fair Value: 217.11

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 1,461.92% compared to the current price 13.9

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Intrinsic Value: 103.36

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 643.63% compared to the current price ₹13.9

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: -52.39%

*Investments are subject to market risks

Strength and Weakness of Morarjee Textiles Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 19.92, which is a positive sign.
  1. The stock has a low average ROCE of 5.50%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 82.58, which may not be favorable.
  3. The company has higher borrowings (13.77) compared to reserves (-16.15), which may suggest financial risk.
  4. The company has not shown consistent growth in sales (310.31) and profit (-35.69).

FAQ

What is the latest fair value of Morarjee Textiles Ltd?

The latest fair value of Morarjee Textiles Ltd is ₹217.11.

What is the Market Cap of Morarjee Textiles Ltd?

The Market Cap of Morarjee Textiles Ltd is 50.5 Cr..

What is the current Stock Price of Morarjee Textiles Ltd as on 13 June 2024?

The current stock price of Morarjee Textiles Ltd as on 13 June 2024 is ₹13.9.

What is the High / Low of Morarjee Textiles Ltd stocks in FY 2024?

In FY 2024, the High / Low of Morarjee Textiles Ltd stocks is 32.8/11.4.

What is the Stock P/E of Morarjee Textiles Ltd?

The Stock P/E of Morarjee Textiles Ltd is .

What is the Book Value of Morarjee Textiles Ltd?

The Book Value of Morarjee Textiles Ltd is 94.6.

What is the Dividend Yield of Morarjee Textiles Ltd?

The Dividend Yield of Morarjee Textiles Ltd is 0.00 %.

What is the ROCE of Morarjee Textiles Ltd?

The ROCE of Morarjee Textiles Ltd is 21.8 %.

What is the ROE of Morarjee Textiles Ltd?

The ROE of Morarjee Textiles Ltd is %.

What is the Face Value of Morarjee Textiles Ltd?

The Face Value of Morarjee Textiles Ltd is 7.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Morarjee Textiles Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE