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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹319 Cr.
Stock P/E
16.6
P/B
1.9
Current Price
₹176.8
Book Value
₹ 94.7
Face Value
10
52W High
₹279.6
52W Low
₹ 154
Dividend Yield
0%

Manomay Tex India Overview

Company Name: Manomay Tex India Ltd.

Ticker: MANOMAY

1. Business Overview

Manomay Tex India Ltd. is primarily engaged in the manufacturing and trading of various types of fabrics. Its core business revolves around textile weaving and processing, producing a range of grey fabrics and finished fabrics. The company's business model involves sourcing raw materials (yarns), weaving them into fabrics, and then often further processing them (bleaching, dyeing, printing) to meet customer specifications. It makes money by selling these woven and processed fabrics to various customers in the domestic and international markets, including garment manufacturers, wholesalers, and other textile businesses.

2. Key Segments / Revenue Mix

Based on available public information, Manomay Tex India Ltd. primarily operates within the single segment of 'Textile Products'. Its revenue is predominantly derived from the sale of grey fabrics and finished fabrics (bleached, dyed, printed), indicating a integrated approach from weaving to some level of processing. Specific percentage contributions from different fabric types or processing levels are generally not disaggregated in public filings for a company of its size.

3. Industry & Positioning

The Indian textile industry, particularly the weaving segment, is highly fragmented and competitive, comprising both organized and unorganized players. It is a labor-intensive industry with significant exposure to raw material price volatility. Manomay Tex India Ltd. operates within this competitive landscape, likely positioned as a mid-sized player focusing on quality and specific product ranges within the cotton, polyester, and blended fabric segments. Its manufacturing base in Ahmedabad, Gujarat, places it in a major textile hub in India, offering access to raw materials, skilled labor, and logistics.

4. Competitive Advantage (Moat)

Manomay Tex India Ltd.'s potential competitive advantages are likely operational rather than related to strong brand recognition in the end-consumer market. These could include:

Cost Efficiency & Operational Expertise: Efficient manufacturing processes, good supply chain management, and effective utilization of machinery can lead to competitive pricing.

Customer Relationships: Building long-term relationships with B2B customers through consistent quality and timely delivery.

Product Diversification: Ability to produce various types of fabrics (cotton, polyester, blends) and offer processing services (dyeing, printing) provides flexibility and caters to diverse customer needs.

Location Advantage: Being in a prominent textile cluster like Ahmedabad offers benefits in terms of infrastructure, talent pool, and market access.

5. Growth Drivers

Increasing Textile Demand: Growing domestic consumption of apparel and home textiles, coupled with India's position as a global textile exporter, can drive demand for fabrics.

Capacity Utilization & Expansion: Optimizing existing capacity and strategic expansion into new lines or higher-value-added products.

Export Opportunities: Leveraging government incentives and global demand for Indian textiles to increase international sales.

Product Diversification & Innovation: Introducing new fabric types, finishes, or specialized textiles to capture new market segments or higher margins.

Government Initiatives: Schemes like the Production Linked Incentive (PLI) scheme for textiles can encourage investment and growth in the sector.

6. Risks

Raw Material Price Volatility: Fluctuations in prices of cotton, synthetic fibers, and dyes can significantly impact profitability.

Intense Competition: The fragmented nature of the textile industry leads to price pressure and limits pricing power.

Fashion & Demand Changes: Rapid shifts in fashion trends and consumer preferences can render existing inventory or production lines obsolete.

Economic Downturns: A slowdown in the economy can reduce discretionary spending on apparel and home textiles, affecting demand.

Labor Costs & Availability: The labor-intensive nature of the industry makes it susceptible to rising labor costs and potential labor unrest.

Foreign Exchange Fluctuations: For companies involved in exports or imports, currency volatility can impact revenue and costs.

Environmental Regulations: Increasingly stringent environmental norms for textile processing can lead to higher compliance costs.

7. Management & Ownership

The company's management consists of its board of directors and executive team, typically led by the promoter group. For companies of this size in India, promoters often hold a significant stake and play a direct role in operations and strategic decision-making. Specific details on individual management quality would require in-depth analysis of their past performance, corporate governance practices, and strategic decisions over time, which are not readily available in generalized public overviews. Ownership structure details are publicly available via stock exchange filings, showing the holdings of the promoter group, public, and institutional investors.

8. Outlook

Manomay Tex India Ltd. operates in a fundamental industry with persistent demand for its products. The Indian textile sector presents opportunities driven by domestic consumption growth, government support, and global export potential. The company's focus on both grey and finished fabrics provides some integration and potential for value addition. However, it faces significant challenges from a highly competitive and fragmented market, coupled with inherent industry risks such as raw material price volatility and evolving fashion trends. Its future performance will largely depend on its ability to maintain operational efficiency, effectively manage costs, adapt to market demands, and strategically expand its product offerings and customer base amidst a dynamic and competitive landscape.

Manomay Tex India Share Price

Live · BSE / NSE · Inception: 2009
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Manomay Tex India Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 125 185 155 176 186 179 164 166 177 204
Other Income 0 0 0 0 0 1 0 0 0 1
Total Income 125 185 155 177 186 180 164 166 177 205
Total Expenditure 112 167 136 153 161 161 144 144 157 182
Operating Profit 13 18 20 24 25 19 21 23 20 23
Interest 4 6 5 9 9 8 8 8 6 9
Depreciation 3 6 8 8 8 6 7 7 7 7
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 6 5 7 6 8 5 6 7 6 6
Provision for Tax 2 1 2 2 2 1 1 2 2 1
Profit After Tax 4 4 5 5 6 3 4 6 5 5
Adjustments 0 0 0 -0 0 0 0 0 0 0
Profit After Adjustments 4 4 5 5 6 3 4 6 5 5
Adjusted Earnings Per Share 2.1 2.2 2.8 2.7 3.3 1.8 2.5 3.1 2.6 2.8

Manomay Tex India Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 165 217 273 286 377 405 321 590 699 583 697 711
Other Income 1 0 1 0 0 0 0 0 0 1 1 1
Total Income 166 218 274 286 377 406 321 590 699 584 698 712
Total Expenditure 161 209 260 268 351 380 304 560 657 535 611 627
Operating Profit 5 9 14 18 25 26 18 29 42 50 87 87
Interest 3 3 5 6 7 9 7 9 14 18 32 31
Depreciation 2 3 5 6 10 10 7 9 11 15 29 28
Exceptional Income / Expenses 0 0 0 0 -1 0 0 0 0 0 0 0
Profit Before Tax 1 2 4 6 7 7 4 12 16 17 26 25
Provision for Tax 1 1 1 3 3 1 1 4 3 4 7 6
Profit After Tax 0 1 2 3 4 7 3 8 13 13 19 20
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 1 2 3 4 7 3 8 13 13 19 20
Adjusted Earnings Per Share 0 1.4 1.8 2.6 3.2 4.6 1.9 5.2 7.2 7.2 10.7 11

Manomay Tex India Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 14 21 36 39 45 59 61 68 116 129 148
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 13 37 33 53 52 38 47 72 74 191 186
Other Non-Current Liabilities 2 1 2 3 5 5 5 7 5 7 7
Total Current Liabilities 18 37 46 63 105 98 101 176 198 259 277
Total Liabilities 48 96 115 158 207 200 215 322 393 585 618
Fixed Assets 23 52 54 49 69 62 56 57 67 218 200
Other Non-Current Assets 2 1 1 25 2 1 1 30 25 2 31
Total Current Assets 23 44 61 83 136 137 157 235 301 365 387
Total Assets 48 96 115 158 207 200 215 322 393 585 618

Manomay Tex India Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 3 4 5 4 4 5 0 0 14 1
Cash Flow from Operating Activities 5 7 5 8 11 19 -1 -9 12 13 4
Cash Flow from Investing Activities -2 -31 -7 -25 -5 -1 -1 -30 -23 -163 -3
Cash Flow from Financing Activities -1 25 3 16 -6 -16 2 39 25 138 -2
Net Cash Inflow / Outflow 2 1 1 -1 0 1 0 0 14 -13 -1
Closing Cash & Cash Equivalent 3 4 5 4 4 5 5 0 14 1 0

Manomay Tex India Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.33 1.41 1.85 2.62 3.18 4.62 1.88 5.25 7.18 7.2 10.67
CEPS(Rs) 2.69 5.33 6.04 7.05 10.87 11.27 6.63 11.27 13.53 15.4 26.96
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 20.48 24.04 28.03 30.65 35.39 39.96 41.83 46.2 64.24 71.47 82.1
Core EBITDA Margin(%) 2.78 3.9 4.5 6.11 6.75 6.29 5.48 4.93 5.92 8.29 12.25
EBIT Margin(%) 2.22 2.5 2.97 4.18 3.9 3.93 3.31 3.5 4.33 5.94 8.26
Pre Tax Margin(%) 0.53 0.94 1.33 2.17 1.95 1.83 1.25 2.02 2.29 2.9 3.7
PAT Margin (%) 0.14 0.56 0.83 1.14 1.07 1.67 0.86 1.3 1.84 2.22 2.76
Cash Profit Margin (%) 1.12 2.11 2.73 3.08 3.65 4.08 3.03 2.8 3.48 4.75 6.96
ROA(%) 0.49 1.74 2.21 2.43 2.21 3.33 1.33 2.87 3.62 2.66 3.2
ROE(%) 1.88 7.06 8.23 8.93 9.62 13.09 4.59 11.92 14.09 10.62 13.89
ROCE(%) 10.76 10.27 10.34 11.84 11.44 11.19 7.07 11.33 12.94 10.08 12.74
Receivable days 25.95 28.35 36.02 48.39 53.79 54.67 76.44 61.74 69.13 88.99 73.52
Inventory Days 15.14 16.07 22.79 28.48 33.46 46.01 63.64 45.58 51.61 86.78 99.63
Payable days 29.47 36.76 42.52 55.76 73.96 76.9 87.65 53.4 41.58 45.8 44.33
PER(x) 0 0 17.39 17.7 10.32 6.91 17.59 12.39 16.45 23.72 15.52
Price/Book(x) 0 0 1.15 1.51 0.93 0.8 0.79 1.41 1.84 2.39 2.02
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.12 0.23 0.32 0.47 0.35 0.32 0.43 0.4 0.48 1.01 0.9
EV/Core EBITDA(x) 3.64 5.61 6.37 7.59 5.18 5.03 7.79 7.94 7.98 11.86 7.18
Net Sales Growth(%) 63.1 31.43 25.34 4.95 31.67 7.65 -20.77 83.51 18.55 -16.57 19.52
EBIT Growth(%) 12.07 52.92 48.79 45.64 21.23 8.26 -33.16 93.76 47.42 14.25 65.89
PAT Growth(%) 129.51 456.29 87.12 42.02 21.22 68.18 -59.36 179.75 68.05 0.41 48.06
EPS Growth(%) 120.93 330.69 30.99 42.02 21.22 45.27 -59.35 179.74 36.72 0.41 48.06
Debt/Equity(x) 1.46 2.49 1.44 2.05 2.09 1.49 1.53 2.08 1.25 2.32 2.22
Current Ratio(x) 1.25 1.17 1.33 1.33 1.3 1.39 1.55 1.34 1.52 1.41 1.4
Quick Ratio(x) 0.87 0.83 0.84 0.96 0.86 0.82 1 0.82 0.98 0.75 0.64
Interest Cover(x) 1.32 1.6 1.81 2.08 2 1.87 1.6 2.36 2.13 1.95 1.81
Total Debt/Mcap(x) 0 0 1.26 1.35 2.26 1.86 1.94 1.48 0.68 0.97 1.1

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +20% +6% +11% +15%
Operating Profit CAGR +74% +44% +27% +33%
PAT CAGR +46% +33% +22%
Share Price CAGR +3% +10% +43%
ROE Average +14% +13% +11% +9%
ROCE Average +13% +12% +11% +11%

Manomay Tex India Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 57.31 %
FII 1.36 %
DII (MF + Insurance) 0 %
Public (retail) 42.69 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 56.1456.8956.8957.1957.1957.2257.2657.3157.3157.31
FII 0001.741.541.541.541.541.581.36
DII 0000000000
Public 43.8643.1143.1142.8142.8142.7842.7442.6942.6942.69
Others 0000000000
Total 100100100100100100100100100100

Manomay Tex India Peer Comparison

Textile - Weaving Edit Columns

Manomay Tex India Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Manomay Tex India Pros & Cons

Pros

  • Company has delivered good profit growth of 22% CAGR over last 5 years
  • Debtor days have improved from 45.8 to 44.33days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 13% over the last 3 years.
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