Morarjee Textiles Limited manufactures and sells yarns and fabrics in India and internationally.
Slightly overvalued with weak fundamentals.
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: MORARJEE's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MORARJEE underperformed the Indian Luxury industry which returned 13.7% over the past year.
Return vs Market: MORARJEE underperformed the Indian Market which returned 6.4% over the past year.
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
2 weeks ago | Simply Wall StIs Morarjee Textiles Limited (NSE:MORARJEE) Excessively Paying Its CEO?
1 month ago | Simply Wall StWhat Kind Of Shareholder Owns Most Morarjee Textiles Limited (NSE:MORARJEE) Stock?
Is Morarjee Textiles undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MORARJEE (₹13.45) is trading below our estimate of fair value (₹118.51)
Significantly Below Fair Value: MORARJEE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MORARJEE is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.
PE vs Market: MORARJEE 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 MORARJEE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MORARJEE is overvalued based on its PB Ratio (0.7x) compared to the IN Luxury industry average (0.5x).
How is Morarjee Textiles forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Take a look at our analysis of MORARJEE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Morarjee Textiles competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
How has Morarjee Textiles performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MORARJEE is currently unprofitable.
Growing Profit Margin: MORARJEE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MORARJEE is unprofitable, and losses have increased over the past 5 years at a rate of -60.1% per year.
Accelerating Growth: Unable to compare MORARJEE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MORARJEE is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (6.4%).
Return on Equity
High ROE: MORARJEE has a negative Return on Equity (-24.11%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Morarjee Textiles's financial position?
Financial Position Analysis
Short Term Liabilities: MORARJEE's short term assets (₹2.3B) do not cover its short term liabilities (₹3.1B).
Long Term Liabilities: MORARJEE's short term assets (₹2.3B) do not cover its long term liabilities (₹3.3B).
Debt to Equity History and Analysis
Debt Level: MORARJEE's debt to equity ratio (672.7%) is considered high.
Reducing Debt: MORARJEE's debt to equity ratio has increased from 149.7% to 672.7% over the past 5 years.
Inventory Level: MORARJEE has a high level of physical assets or inventory.
Debt Coverage by Assets: MORARJEE's debt is not covered by short term assets (assets are 0.5x 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: MORARJEE has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: MORARJEE has been profitable on average in the past, therefore cash runway is not a concern.
What is Morarjee Textiles's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MORARJEE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MORARJEE'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 MORARJEE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MORARJEE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MORARJEE is not paying a notable dividend for the Indian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MORARJEE's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Rajendar Rewari (63yo)
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. Mr. Rewari ha ...
CEO Compensation Analysis
Compensation vs Market: Rajendar's total compensation ($USD200.82K) is above average for companies of similar size in the Indian market ($USD49.94K).
Compensation vs Earnings: Rajendar's compensation has been consistent with company performance over the past year.
|MD & Director||10yrs||₹14.42m||0.00028% ₹1.5k|
|Executive Vice Chairman||12.6yrs||₹15.53m||0.046% ₹236.3k|
|Non-Executive Non-Independent Director||14.1yrs||₹200.00k||no data|
|Non-Executive Chairperson||13.7yrs||₹230.00k||0.23% ₹1.2m|
|Additional Independent Director||0.2yrs||no data||no data|
|Independent Director||3yrs||₹320.00k||no data|
|Independent Director||0.08yrs||no data||no data|
Experienced Board: MORARJEE's board of directors are seasoned and experienced ( 10 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Morarjee Textiles Limited's company bio, employee growth, exchange listings and data sources
- Name: Morarjee Textiles Limited
- Ticker: MORARJEE
- Exchange: NSEI
- Founded: 1871
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹519.022m
- Shares outstanding: 36.30m
- Website: https://www.morarjee.com
- Morarjee Textiles Limited
- Peninsula Spenta
- Mathuradas Mills Compound
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|532621||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Mar 2005|
|MORARJEE||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Mar 2005|
Morarjee Textiles Limited manufactures and sells yarns and fabrics in India and internationally. The company primarily offers color woven premium shirting with fine yarn. It also provides printed fabrics, including satin, cambric, poplin, lawn, and silk; and voiles and guthra. The company was founded in 1871 and is based in Mumbai, India. Morarjee Textiles Limited is a subsidiary of Ashok Piramal Group Textiles Trust.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 13:20|
|End of Day Share Price||2020/02/27 00:00|
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.