BSE:532621

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Executive Summary

Morarjee Textiles Limited manufactures and sells yarns and fabrics in India and internationally. More Details


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 532621's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.8%

532621

-0.5%

IN Luxury

-0.6%

IN Market


1 Year Return

-31.5%

532621

-7.3%

IN Luxury

2.2%

IN Market

Return vs Industry: 532621 underperformed the Indian Luxury industry which returned -8% over the past year.

Return vs Market: 532621 underperformed the Indian Market which returned 1.1% over the past year.


Shareholder returns

532621IndustryMarket
7 Day-4.8%-0.5%-0.6%
30 Day1.8%3.3%0.2%
90 Day-19.6%17.2%6.7%
1 Year-31.5%-31.5%-6.7%-7.3%3.9%2.2%
3 Year-83.0%-83.0%7.0%4.8%2.6%-2.4%
5 Year-74.9%-76.3%43.2%36.0%41.3%30.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Morarjee 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: 532621 (₹9.16) is trading below our estimate of fair value (₹329.9)

Significantly Below Fair Value: 532621 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 532621 is unprofitable, so we can't compare its PE Ratio to the IN Luxury industry average.

PE vs Market: 532621 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 532621's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 532621's PB Ratio (0.6x) is in line with the IN Luxury industry average.


Next Steps

Future Growth

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

43.6%

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 Morarjee 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 Morarjee Textiles performed over the past 5 years?

-62.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532621 is currently unprofitable.

Growing Profit Margin: 532621 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 532621 is unprofitable, and losses have increased over the past 5 years at a rate of 62% per year.

Accelerating Growth: Unable to compare 532621's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 532621 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-23.2%).


Return on Equity

High ROE: 532621 has a negative Return on Equity (-71.47%), as it is currently unprofitable.


Next Steps

Financial Health

How is Morarjee Textiles's financial position?


Financial Position Analysis

Short Term Liabilities: 532621's short term assets (₹2.1B) do not cover its short term liabilities (₹3.7B).

Long Term Liabilities: 532621's short term assets (₹2.1B) do not cover its long term liabilities (₹2.6B).


Debt to Equity History and Analysis

Debt Level: 532621's debt to equity ratio (688.5%) is considered high.

Reducing Debt: 532621's debt to equity ratio has increased from 174% to 688.5% over the past 5 years.


Balance Sheet


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: Whilst unprofitable 532621 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 532621 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 49.9% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 532621's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 532621's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 532621's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 532621's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 532621 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 532621'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?

10.7yrs

Average management tenure


CEO

Rajendar Rewari (64 yo)

10.67yrs

Tenure

₹13,948,322

Compensation

Mr. Rajendar Kumar Rewari, B.Sc., LLB, PGDPM, MEP, has been the Managing Director of Morarjee Textiles Limited since April 1, 2015 and has been its Chief Executive Officer since January 2010. He heads the ...


CEO Compensation Analysis

Compensation vs Market: Rajendar's total compensation ($USD189.93K) is above average for companies of similar size in the Indian market ($USD56.15K).

Compensation vs Earnings: Rajendar's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Rajendar Rewari
MD & Director10.67yrs₹13.95m0.00028%
₹ 989.8
Harshvardhan Piramal
Executive Vice Chairman13.25yrs₹16.38m0.045%
₹ 160.7k
Subhash Kashimpuria
CFO and Head of Finance & Accountsno data₹5.17m0.0023%
₹ 8.3k
Nishthi Dharmani
Company Secretary & Compliance Officer0.58yr₹107.00kno data
Dinesh Jain
Group Chief Financial Officerno datano datano data
R. Bhatnagar
President of Shirtings Fabric Division12.42yrs₹4.74mno data
Pradeep Modi
Executiveno datano datano data
Rita Batra
Executiveno data₹219.00kno data

10.7yrs

Average Tenure

64yo

Average Age

Experienced Management: 532621's management team is seasoned and experienced (10.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rajendar Rewari
MD & Director10.67yrs₹13.95m0.00028%
₹ 989.8
Harshvardhan Piramal
Executive Vice Chairman13.25yrs₹16.38m0.045%
₹ 160.7k
Mahesh Gupta
Non-Executive Non-Independent Director14.75yrs₹250.00kno data
Urvi Piramal
Non-Executive Chairperson14.33yrs₹280.00k0.23%
₹ 803.8k
Devesh Dadheech
Additional Independent Director0.33yrno datano data
Alpana Chinai
Additional Independent Director0.83yr₹25.00k0.0027%
₹ 9.7k
A. Singh
Independent Director3.67yrs₹320.00kno data
Archit Jayakar
Independent Director0.75yr₹50.00kno data

7.2yrs

Average Tenure

64yo

Average Age

Experienced Board: 532621's board of directors are considered experienced (7.2 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Morarjee Textiles Limited
  • Ticker: 532621
  • Exchange: BSE
  • Founded: 1871
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹353.514m
  • Shares outstanding: 36.33m
  • Website: https://www.morarjee.com

Location

  • Morarjee Textiles Limited
  • Peninsula Spenta
  • Mathuradas Mills Compound
  • Mumbai
  • Maharashtra
  • 400013
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532621BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2005
MORARJEENSEI (National Stock Exchange of India)YesEquity SharesININRMar 2005

Biography

Morarjee Textiles Limited manufactures and sells yarns and fabrics in India and internationally. The company primarily offers premium cotton shirting fabrics. It also provides printed fabrics, including sa ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 12:34
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.