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Morarjee Textiles

NSEI:MORARJEE
Snowflake Description

Overvalued with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MORARJEE
NSEI
₹690M
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Morarjee Textiles Limited manufactures and sells yarns and fabrics in India and internationally. The last earnings update was 224 days ago. More info.


Add to Portfolio Compare Print
  • Morarjee Textiles has significant price volatility in the past 3 months.
MORARJEE Share Price and Events
7 Day Returns
-2.9%
NSEI:MORARJEE
-1.3%
IN Luxury
-3.1%
IN Market
1 Year Returns
-63.1%
NSEI:MORARJEE
-8.5%
IN Luxury
-9.2%
IN Market
MORARJEE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Morarjee Textiles (MORARJEE) -2.9% -26.2% -19.9% -63.1% -45.4% -21.7%
IN Luxury -1.3% -0.8% -1.2% -8.5% 51.9% 196.8%
IN Market -3.1% -3.8% -2.9% -9.2% 43.1% 83.1%
1 Year Return vs Industry and Market
  • MORARJEE underperformed the Luxury industry which returned -8.5% over the past year.
  • MORARJEE underperformed the Market in India which returned -9.2% over the past year.
Price Volatility
MORARJEE
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Morarjee Textiles undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Morarjee Textiles. This is due to cash flow or dividend data being unavailable. The share price is ₹18.55.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Morarjee Textiles's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Morarjee Textiles's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:MORARJEE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹0.13
BSE:532621 Share Price ** BSE (2019-02-14) in INR ₹19
India Luxury Industry PE Ratio Median Figure of 237 Publicly-Listed Luxury Companies 11.67x
India Market PE Ratio Median Figure of 2,734 Publicly-Listed Companies 15.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Morarjee Textiles.

NSEI:MORARJEE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532621 Share Price ÷ EPS (both in INR)

= 19 ÷ 0.13

149.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Morarjee Textiles is overvalued based on earnings compared to the IN Luxury industry average.
  • Morarjee Textiles is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Morarjee Textiles's expected growth come at a high price?
Raw Data
NSEI:MORARJEE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 149.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
14.8%per year
India Luxury Industry PEG Ratio Median Figure of 28 Publicly-Listed Luxury Companies 1.11x
India Market PEG Ratio Median Figure of 608 Publicly-Listed Companies 1.1x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Morarjee Textiles, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Morarjee Textiles's assets?
Raw Data
NSEI:MORARJEE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹29.64
BSE:532621 Share Price * BSE (2019-02-14) in INR ₹19
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.06x
NSEI:MORARJEE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532621 Share Price ÷ Book Value per Share (both in INR)

= 19 ÷ 29.64

0.64x

* Primary Listing of Morarjee Textiles.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Morarjee Textiles is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Morarjee Textiles's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Morarjee Textiles has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover Morarjee Textiles, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Morarjee Textiles expected to grow at an attractive rate?
  • Morarjee Textiles's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Morarjee Textiles's earnings growth is positive but not above the India market average.
  • Unable to compare Morarjee Textiles's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:MORARJEE Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:MORARJEE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 14.8%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.4%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:MORARJEE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:MORARJEE Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:MORARJEE Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 3,610 527 5
2017-03-31 3,770 609 120
2016-03-31 3,368 397 143

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Morarjee Textiles's earnings are expected to grow by 14.8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Morarjee Textiles is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:MORARJEE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Morarjee Textiles Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MORARJEE Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:MORARJEE Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 0.13
2017-03-31 3.31
2016-03-31 3.93

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Morarjee Textiles will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Morarjee Textiles's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Morarjee Textiles has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Morarjee Textiles performed over the past 5 years?

  • Morarjee Textiles's last earnings update was 224 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Morarjee Textiles's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Morarjee Textiles's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Morarjee Textiles's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Morarjee Textiles's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
Morarjee Textiles's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Morarjee Textiles Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:MORARJEE Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 3,609.58 4.62 686.98
2017-03-31 3,770.43 120.32 687.63
2016-03-31 3,367.51 142.66 659.34
2015-03-31 3,652.27 186.13 617.57
2014-03-31 3,919.42 260.36 512.92
2013-03-31 3,641.45 217.42 472.38
2012-12-31 3,245.08 202.63 325.06
2012-09-30 3,104.28 85.43 377.06
2012-06-30 3,507.40 -102.30 347.60
2012-03-31 3,130.28 38.33 435.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Morarjee Textiles has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Morarjee Textiles used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Morarjee Textiles's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Morarjee Textiles's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Morarjee Textiles has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Morarjee Textiles's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Morarjee Textiles's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Morarjee Textiles's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Morarjee Textiles's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Morarjee Textiles's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Morarjee Textiles Company Filings, last reported 10 months ago.

NSEI:MORARJEE Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 1,076.78 5,211.28 53.89
2017-03-31 1,135.28 5,007.30 11.94
2016-03-31 1,414.71 3,559.67 163.98
2015-03-31 1,333.27 1,945.20 85.37
2014-03-31 1,229.08 1,995.87 87.61
2013-03-31 1,072.86 2,031.49 88.07
2012-12-31
2012-09-30
2012-06-30
2012-03-31 1,004.61 2,217.95 38.14
  • Morarjee Textiles's level of debt (484%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (189.3% vs 484% today).
  • Debt is not well covered by operating cash flow (10.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Morarjee Textiles's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Morarjee Textiles has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Morarjee Textiles dividends.
If you bought ₹2,000 of Morarjee Textiles shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Morarjee Textiles's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Morarjee Textiles's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:MORARJEE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:MORARJEE Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:MORARJEE Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-07-06 0.000 0.000
2017-05-15 1.400 3.031
2016-06-29 1.400 2.624
2016-05-03 1.400 3.201
2015-08-04 1.750 4.415
2015-05-11 1.750 3.750
2014-09-08 2.450 5.419
2013-07-26 1.750 6.516
2013-05-28 1.750 8.668
2009-04-23 0.000 0.000
2009-02-16 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Morarjee Textiles has not reported any payouts.
  • Unable to verify if Morarjee Textiles's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Morarjee Textiles's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Morarjee Textiles has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Morarjee Textiles's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Morarjee Textiles afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Morarjee Textiles has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Morarjee Textiles's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rajendar Rewari
COMPENSATION ₹14,511,000
AGE 61
TENURE AS CEO 9 years
CEO Bio

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 has been the Managing Director of Integra Garments And Textiles Limited since June 27, 2012. He served as the Chief Executive and Director-incharge of Vardhman Textiles Ltd until April 1, 2008. He has been an Executive Director at Morarjee Textiles Limited since January 2010. He has been a Director of Integra Garments And Textiles Limited since January 20, 2012. He served as a Director of Vardhman Textiles Ltd. Mr. Rewari started his career as an Executive Trainee in Vardhman Textiles Limited and rose to the level of Chief Executive (Fabric Marketing) until March 31, 2008. While having a vast experience of working in various leadership positions in Vardhman Textiles Limited, Mr. Rewari also remained President of BBN Industrial Association of Himachal Pradesh. Mr. Rewari was also associated with Rotary Club for many years. Mr. Rewari is a B.Sc., LLB and is also a PGDPM & MEP from the Indian Institute of Management, Ahmedabad.

CEO Compensation
  • Rajendar's compensation has been consistent with company performance over the past year.
  • Rajendar's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Morarjee Textiles management team in years:

9
Average Tenure
61.5
Average Age
  • The average tenure for the Morarjee Textiles management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Rajendar Rewari

TITLE
MD & Director
COMPENSATION
₹15M
AGE
61
TENURE
9 yrs

Harsh Piramal

TITLE
Executive Vice Chairman
COMPENSATION
₹14M
AGE
44

Subhash Kashimpuria

TITLE
CFO and Head of Finance & Accounts
COMPENSATION
₹5M
AGE
62

Sanjeev Sengar

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹2M
TENURE
3.4 yrs

R. Bhatnagar

TITLE
President of Shirtings Fabric Division
COMPENSATION
₹5M
AGE
66
TENURE
10.8 yrs

Pradeep Modi

TITLE
Executive

Rita Batra

TITLE
Executive
COMPENSATION
₹219K

Dinesh Jain

TITLE
Group Chief Financial Officer of Ashok Piramal Group
Board of Directors Tenure

Average tenure and age of the Morarjee Textiles board of directors in years:

12.7
Average Tenure
62
Average Age
  • The average tenure for the Morarjee Textiles board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Urvi Piramal

TITLE
Chairperson
COMPENSATION
₹220K
AGE
66
TENURE
12.7 yrs

Rajendar Rewari

TITLE
MD & Director
COMPENSATION
₹15M
AGE
61
TENURE
9 yrs

Harsh Piramal

TITLE
Executive Vice Chairman
COMPENSATION
₹14M
AGE
44
TENURE
11.6 yrs

Ranjan Sanghi

TITLE
Independent Director
COMPENSATION
₹235K
AGE
74
TENURE
14 yrs

Shobhan Thakore

TITLE
Independent Director
COMPENSATION
₹320K
AGE
71
TENURE
13.1 yrs

Mahesh Gupta

TITLE
Non Executive Non Independent Director
COMPENSATION
₹200K
AGE
62
TENURE
13.1 yrs

Aditya Mangaldas

TITLE
Independent Director
COMPENSATION
₹320K
AGE
55
TENURE
14 yrs

Ranjan Pant

TITLE
Independent Director
COMPENSATION
₹100K
AGE
59
TENURE
4.5 yrs

A. Singh

TITLE
Independent Director
COMPENSATION
₹275K
AGE
65
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Morarjee Textiles's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Morarjee Textiles has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Do Directors Own Morarjee Textiles Limited (NSE:MORARJEE) Shares?

Every investor in Morarjee Textiles Limited (NSE:MORARJEE) should be aware of the most powerful shareholder groups. … With a market capitalization of ₹864m, Morarjee Textiles is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Morarjee Textiles

Simply Wall St -

Should Morarjee Textiles Limited’s (NSE:MORARJEE) Weak Investment Returns Worry You?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Why Morarjee Textiles Limited's (NSE:MORARJEE) CEO Pay Matters To You

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Rajendar Rewari's Compensation Compare With Similar Sized Companies. … Thus we can conclude that Rajendar Rewari receives more in total compensation than the median of a group of companies in the same market, and of similar size to Morarjee Textiles Limited

Simply Wall St -

Does Morarjee Textiles Limited (NSE:MORARJEE)'s Capital Return Make The Cut?

and want to begin learning the link between Morarjee Textiles Limited (NSE:MORARJEE)’s return fundamentals and stock market performance. … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Therefore, looking at how efficiently Morarjee Textiles is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

How Morarjee Textiles Limited's (NSE:MORARJEE) Earnings Growth Stacks Up Against The Industry

Assessing Morarjee Textiles Limited's (NSE:MORARJEE) past track record of performance is an insightful exercise for investors. … Today I will assess MORARJEE's recent performance announced on 31 March 2018 and evaluate these figures to its long-term trend and industry movements. … Commentary On MORARJEE's Past Performance

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What Investors Should Know About Morarjee Textiles Limited's (NSE:MORARJEE) Financial Strength

While small-cap stocks, such as Morarjee Textiles Limited (NSE:MORARJEE) with its market cap of ₹1.16b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies,

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Company Info

Map
Description

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.

Details
Name: Morarjee Textiles Limited
MORARJEE
Exchange: NSEI
Founded: 1871
₹689,610,092
36,295,268
Website: http://www.morarjee.com
Address: Morarjee Textiles Limited
Peninsula Spenta,
Mathuradas Mills Compound,
Mumbai,
Maharashtra, 400013,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532621 Equity Shares Mumbai Stock Exchange IN INR 24. Mar 2005
NSEI MORARJEE Equity Shares National Stock Exchange of India IN INR 24. Mar 2005
Number of employees
Current staff
Staff numbers
0
Morarjee Textiles employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/15 12:54
End of day share price update: 2019/02/14 00:00
Last estimates confirmation: 2017/05/15
Last earnings filing: 2018/07/06
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.