BSE:531456

Stock Analysis Report

Executive Summary

Minaxi Textiles Limited engages in the weaving, manufacturing, and sale of cotton and cotton mixture fabrics in India.

Rewards

Trading at 95.5% below its fair value

Risk Analysis

Earnings have declined by -46.21% per year over past 5 years

Interest payments are not well covered by earnings

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (₹17M)

+ 1 more risk


Snowflake Analysis

Adequate balance sheet and fair value.

Share Price & News

How has Minaxi Textiles's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 531456 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.4%

531456

-0.5%

IN Luxury

-1.5%

IN Market


1 Year Return

-47.0%

531456

18.2%

IN Luxury

10.7%

IN Market

Return vs Industry: 531456 underperformed the Indian Luxury industry which returned 18.2% over the past year.

Return vs Market: 531456 underperformed the Indian Market which returned 10.7% over the past year.


Shareholder returns

531456IndustryMarket
7 Day-5.4%-0.5%-1.5%
30 Day-7.9%3.0%-2.7%
90 Day2.9%9.2%1.3%
1 Year-47.0%-47.0%19.0%18.2%12.7%10.7%
3 Year-79.8%-79.8%52.2%48.8%22.0%15.1%
5 Year-79.8%-79.8%106.9%100.1%34.5%22.0%

Price Volatility Vs. Market

How volatile is Minaxi Textiles's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Minaxi Textiles undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 531456 (₹0.35) is trading below our estimate of fair value (₹7.7)

Significantly Below Fair Value: 531456 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 531456 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 531456 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 531456's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 531456 is good value based on its PB Ratio (0.1x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Minaxi Textiles forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.9%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Minaxi Textiles has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Minaxi Textiles performed over the past 5 years?

-46.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 531456 is currently unprofitable.

Growing Profit Margin: 531456 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 531456 is unprofitable, and losses have increased over the past 5 years at a rate of -46.2% per year.

Accelerating Growth: Unable to compare 531456's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 531456 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (5.6%).


Return on Equity

High ROE: 531456 has a negative Return on Equity (-8.88%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Minaxi Textiles's financial position?


Financial Position Analysis

Short Term Liabilities: 531456's short term assets (₹306.3M) exceed its short term liabilities (₹221.6M).

Long Term Liabilities: 531456's short term assets (₹306.3M) exceed its long term liabilities (₹45.6M).


Debt to Equity History and Analysis

Debt Level: 531456's debt to equity ratio (138%) is considered high.

Reducing Debt: 531456's debt to equity ratio has reduced from 258.1% to 138% over the past 5 years.


Balance Sheet

Inventory Level: 531456 has a high level of physical assets or inventory.

Debt Coverage by Assets: 531456's debt is covered by short term assets (assets are 1.5x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 531456 has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: 531456 has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

What is Minaxi Textiles's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.6%industryaverage0.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 531456's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 531456's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 531456's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 531456's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 531456's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.7yrs

Average management tenure


CEO

Dineshkumar Patel 0

0.3yrs

Tenure

₹960,000

Compensation

Shri. Dineshkumar P. Patel is Managing Director of Minaxi Textiles Limited since November 15, 2019. Shri. Patel is Whole Time director at Minaxi Textiles Limited and was its Chairperson until November 15,  ...


CEO Compensation Analysis

Compensation vs Market: Dineshkumar's total compensation ($USD13.42K) is below average for companies of similar size in the Indian market ($USD50.34K).

Compensation vs Earnings: Insufficient data to compare Dineshkumar's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Kiritkumar Patel
Chairperson0.3yrs₹960.00k8.42% 1.5m
Dineshkumar Patel
MD & Whole Time Director0.3yrs₹960.00k9.03% 1.6m
Nirmalkumar Patel
CFO & Whole Time Director8.6yrs₹960.00k1.72% 296.7k
Priyanka Patel
Company Secretary & Compliance Officer1.2yrsno datano data

0.7yrs

Average Tenure

Experienced Management: 531456's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Kiritkumar Patel
Chairperson0.3yrs₹960.00k8.42% 1.5m
Dineshkumar Patel
MD & Whole Time Director0.3yrs₹960.00k9.03% 1.6m
Nirmalkumar Patel
CFO & Whole Time Director8.6yrs₹960.00k1.72% 296.7k
Bharatbhai Patel
Director0yrs₹1.50m18.17% 3.1m
Vasudevbhai Patel
Independent & Non-Executive Director11.6yrsno datano data
Jasvant Patel
Independent & Non-Executive Director11.6yrs₹22.00kno data
Ghanshyam Patel
Independent & Non-Executive Director11.6yrs₹14.00kno data
Bhavikkumar Patel
Independent Director4.5yrs₹12.00kno data
Ketankumar Raval
Independent Additional Director1.5yrs₹4.00kno data
Sweta Patel
Non Executive Additional Director0.3yrsno datano data

6.5yrs

Average Tenure

Experienced Board: 531456's board of directors are considered experienced (6.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 67.3%.


Top Shareholders

Company Information

Minaxi Textiles Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Minaxi Textiles Limited
  • Ticker: 531456
  • Exchange: BSE
  • Founded: 1995
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹17.296m
  • Shares outstanding: 49.42m
  • Website: https://www.minaxitextiles.com

Number of Employees


Location

  • Minaxi Textiles Limited
  • Plot No. 3311
  • GIDC, Phase-IV
  • Gandhinagar
  • Gujarat
  • 382729
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
531456BSE (Mumbai Stock Exchange)YesEquity SharesININRSep 2004

Biography

Minaxi Textiles Limited engages in the weaving, manufacturing, and sale of cotton and cotton mixture fabrics in India. The company is also involved in the weaving of synthetic grey cloth of suiting and shirting; and supply of uniform to government and semi-government departments. In addition, it provides suiting lycra fabrics, cotton quilts, broken twill fabrics, and satin fabrics; and fancy suiting fabric products. Minaxi Textiles Limited was incorporated in 1995 and is based in Gandhinagar, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 12:31
End of Day Share Price2020/02/14 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.