BSE:540396

Stock Analysis Report

Executive Summary

Manomay Tex India Limited manufactures and trades in denim textile fabrics in India.


Snowflake Analysis

Solid track record and slightly overvalued.

Share Price & News

How has Manomay Tex India's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 540396 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.3%

540396

-0.5%

IN Luxury

-1.5%

IN Market


1 Year Return

-3.1%

540396

18.2%

IN Luxury

10.7%

IN Market

Return vs Industry: 540396 underperformed the Indian Luxury industry which returned 18.2% over the past year.

Return vs Market: 540396 underperformed the Indian Market which returned 10.7% over the past year.


Shareholder returns

540396IndustryMarket
7 Day0.3%-0.5%-1.5%
30 Day5.3%3.0%-2.7%
90 Day0.1%9.2%1.3%
1 Year-3.1%-3.1%19.0%18.2%12.7%10.7%
3 Yearn/a52.2%48.8%22.0%15.1%
5 Yearn/a106.9%100.1%34.5%22.0%

Price Volatility Vs. Market

How volatile is Manomay Tex India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Manomay Tex India undervalued compared to its fair value and its price relative to the market?

8.44x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 540396's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 540396's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 540396 is good value based on its PE Ratio (8.4x) compared to the Luxury industry average (11.2x).

PE vs Market: 540396 is good value based on its PE Ratio (8.4x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 540396's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 540396 is overvalued based on its PB Ratio (0.9x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Manomay Tex India 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 Manomay Tex India 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 Manomay Tex India performed over the past 5 years?

33.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 540396 has high quality earnings.

Growing Profit Margin: 540396's current net profit margins (1.2%) are higher than last year (1.2%).


Past Earnings Growth Analysis

Earnings Trend: 540396 has become profitable over the past 5 years, growing earnings by 33.2% per year.

Accelerating Growth: 540396's earnings growth over the past year (36.3%) exceeds its 5-year average (33.2% per year).

Earnings vs Industry: 540396 earnings growth over the past year (36.3%) exceeded the Luxury industry 5.6%.


Return on Equity

High ROE: 540396's Return on Equity (10.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Manomay Tex India's financial position?


Financial Position Analysis

Short Term Liabilities: 540396's short term assets (₹1.4B) exceed its short term liabilities (₹1.1B).

Long Term Liabilities: 540396's short term assets (₹1.4B) exceed its long term liabilities (₹522.8M).


Debt to Equity History and Analysis

Debt Level: 540396's debt to equity ratio (184.7%) is considered high.

Reducing Debt: 540396's debt to equity ratio has increased from 168.8% to 184.7% over the past 5 years.

Debt Coverage: 540396's debt is not well covered by operating cash flow (13%).

Interest Coverage: 540396's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet

Inventory Level: 540396 has a high level of physical assets or inventory.

Debt Coverage by Assets: 540396's debt is covered by short term assets (assets are 1.6x debt).


Next Steps

Dividend

What is Manomay Tex India's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 540396's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 540396'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 540396's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 540396'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 540396'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?

0.5yrs

Average management tenure


CEO

Yogesh Laddha (39yo)

3.1yrs

Tenure

₹2,100,000

Compensation

Mr. Yogesh Chandra Kumar Laddha has been Managing Director and Director at Manomay Tex India Limited since January 16, 2017 and April 13, 2009 respectively. Mr. Laddha has experience and dedication has con ...


CEO Compensation Analysis

Compensation vs Market: Yogesh's total compensation ($USD29.35K) is below average for companies of similar size in the Indian market ($USD50.34K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Kailashchandra Laddha
Chairman of the Board0yrs₹1.20m22.84% 112.9m
Yogesh Laddha
MD & Director3.1yrs₹2.10m2.99% 14.8m
Kamlesh Ladha
Whole Time Director10.8yrs₹1.20m5.58% 27.6m
Maheshchandra Laddha
Whole Time Director10.8yrs₹800.00k7.95% 39.3m
Pallavi Laddha
Whole Time Director5.9yrs₹1.20m4.13% 20.4m
Raj Chechani
Chief Financial officer0.3yrsno datano data
Kamesh Shri Mal
Company Secretary & Compliance Officer0.5yrsno datano data

0.5yrs

Average Tenure

41yo

Average Age

Experienced Management: 540396's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Kailashchandra Laddha
Chairman of the Board0yrs₹1.20m22.84% 112.9m
Yogesh Laddha
MD & Director3.1yrs₹2.10m2.99% 14.8m
Kamlesh Ladha
Whole Time Director10.8yrs₹1.20m5.58% 27.6m
Maheshchandra Laddha
Whole Time Director10.8yrs₹800.00k7.95% 39.3m
Pallavi Laddha
Whole Time Director5.9yrs₹1.20m4.13% 20.4m
Basant Porwal
Independent Non-Executive Director3.1yrsno datano data
Shriniwas Bhattad
Independent Non-Executive Director3.1yrsno datano data
Dilip Porwal
Independent Non-Executive Director3.1yrsno datano data

5.9yrs

Average Tenure

43yo

Average Age

Experienced Board: 540396's board of directors are considered experienced (5.9 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

Manomay Tex India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Manomay Tex India Limited
  • Ticker: 540396
  • Exchange: BSE
  • Founded: 1978
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹494.095m
  • Shares outstanding: 14.68m
  • Website: https://www.manomaytexindia.com

Location

  • Manomay Tex India Limited
  • 32, Heera Panna Market
  • Pur Road
  • Bhilwara
  • Rajasthan
  • 311001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
540396BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2017

Biography

Manomay Tex India Limited manufactures and trades in denim textile fabrics in India. The company supplies its products in Colombia, Mexico, Egypt, Chile, Venezuela, Paraguay, Guatemala, Peru, Ecuador, Lebanon, Sri Lanka, Bangladesh, Argentina, and Bolivia. The company was formerly known as Manomay Tex India Private Limited and changed its name to Manomay Tex India Limited. Manomay Tex India Limited was founded in 1978 and is based in Bhilwara, 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 13:21
End of Day Share Price2020/02/19 00:00
Earnings2019/09/30
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.