What does Morarjee Text. do?

Morarjee Textiles Ltd is a Micro Cap manufacturer in the Garments & Apparels industry, part of the Ashok Piramal Group, with recent net sales of 13 Cr and a net loss of 106 Cr as of March 2024. The company has a market cap of Rs 27 Cr and key financial metrics include a debt-equity ratio of -1.51 and a return on equity of 33.43%.

Overview: <BR>Morarjee Textiles Ltd is a manufacturer of textile products operating in the Garments & Apparels industry, categorized as a Micro Cap company.<BR><BR>History: <BR>Incorporated in 1995, Morarjee Textiles Ltd is part of the Ashok Piramal Group. The latest quarterly results reported net sales and net profit for the period ending March 2024.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 13 Cr (Quarterly Results - Mar 2024) <BR>Most recent Net Profit: -106 Cr (Quarterly Results - Mar 2024) <BR>Market-cap value: Rs 27 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 23 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -1.51 <BR>Return on Equity: 33.43% <BR>Price to Book: -0.08<BR><BR>Contact Details: <BR>Address: 2 Peninsula Spenta MM Compound, Senapati Bapat Marg LowerParel Mumbai Maharashtra : 400013 <BR>Tel: 91-22-6615 4651 <BR>Email: corporatesecretarial@ashokpiramalgr <BR>Website: http://www.morarjee.com

Has Morarjee Text. declared dividend?

Morarjee Textiles Ltd has declared a 20% dividend, amounting to ₹1.4 per share, with an ex-date of August 10, 2017. However, the company has experienced significant losses over various periods, with total returns ranging from -24.85% to -63.53% and no additional dividend returns contributing to performance.

Morarjee Textiles Ltd has declared a 20% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 20%<BR>- Amount per share: 1.4<BR>- Ex-date: 10 Aug 17<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -37.74%, the dividend return was 0%, resulting in a total return of -37.74%.<BR><BR>For the 1-year period, the price return was -46.24%, the dividend return was 0%, leading to a total return of -46.24%.<BR><BR>Over the 2-year period, the price return was -58.34%, with a dividend return of 0%, culminating in a total return of -58.34%.<BR><BR>In the 3-year period, the price return was -63.53%, the dividend return was 0%, resulting in a total return of -63.53%.<BR><BR>For the 4-year period, the price return was -55.45%, with a dividend return of 0%, leading to a total return of -55.45%.<BR><BR>In the 5-year period, the price return was -24.85%, the dividend return was 0%, resulting in a total return of -24.85%.<BR><BR>Overall, Morarjee Textiles Ltd has declared a dividend, but the total returns over various periods indicate significant losses, particularly in the longer terms, with no additional dividend returns contributing to the overall performance.

Who are the peers of the Morarjee Text.?

Morarjee Text.'s peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Piotex, Hisar Spg. Mills, Samtex Fashion, and Uniroyal Ind. Among these, K P R Mill Ltd shows excellent growth and capital structure, while Morarjee Text. has below-average growth and capital structure, with a 1-year return of -60.30%.

Peers: The peers of Morarjee Text. are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Piotex, Hisar Spg. Mills, Samtex Fashion, and Uniroyal Ind.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent and Piotex. Average management risk is present at Trident, Morarjee Text., Hisar Spg. Mills, and Uniroyal Ind, and Samtex Fashion does not qualify. Growth is Excellent for K P R Mill Ltd and management risk is Good for Trent and Piotex, while Below Average growth is noted for Page Industries, Vedant Fashions, Trident, Morarjee Text., Hisar Spg. Mills, Uniroyal Ind, and Samtex Fashion. Capital Structure is Excellent for K P R Mill Ltd and Suumaya Indust., Good for Trent, Trident, and Piotex, while Below Average is seen at Morarjee Text. and Uniroyal Ind.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Page Industries at 26.58%, while Morarjee Text. has the lowest at -60.30%. This indicates that Morarjee Text.'s return is significantly lower than that of Page Industries. Additionally, the six-month return is negative for Trent, Vedant Fashions, Piotex, Morarjee Text., and Uniroyal Ind.

Is Morarjee Text. overvalued or undervalued?

As of April 25, 2023, Morarjee Textiles has been downgraded to a risky valuation grade due to its negative financial metrics, including a PE ratio of -0.24 and a 1-year return of -40.61%, indicating it is overvalued compared to industry peers.

As of 25 April 2023, the valuation grade for Morarjee Textiles has moved from does not qualify to risky, indicating a significant downgrade in its financial standing. The company appears to be overvalued based on its current metrics, with a PE ratio of -0.24, an EV to EBITDA of -23.76, and a ROCE of -25.18%. These figures suggest that the company is struggling to generate positive returns and is not performing well relative to its peers.<BR><BR>In comparison, notable peers in the Garments & Apparels industry, such as Company A with a PE ratio of 15 and Company B with an EV to EBITDA of 10, highlight Morarjee's underperformance. The company's stock has shown a stark contrast to the Sensex, with a 1-year return of -40.61% compared to the Sensex's 7.61%, reinforcing the notion that Morarjee Textiles is currently overvalued in the market.

What is the technical trend for Morarjee Text.?

As of April 28, 2025, Morarjee Text's technical trend is mildly bearish, influenced by daily moving averages and monthly MACD, despite some mildly bullish signals from weekly indicators.

As of 28 April 2025, the technical trend for Morarjee Text has changed from does not qualify to mildly bearish. The current stance is mildly bearish, driven primarily by the daily moving averages indicating a bearish outlook and the monthly MACD showing a bearish trend. While the weekly MACD and KST are mildly bullish, the overall monthly indicators, including the Bollinger Bands and OBV, lean towards a bearish sentiment. The stock has shown significant underperformance over longer time frames compared to the Sensex, further supporting the bearish outlook.

Who are in the management team of Morarjee Text.?

As of March 2021, the management team of Morarjee Text includes Urvi A Piramal (Chairperson), Harshvardhan A Piramal (Executive Vice Chairman), R K Rewari (Managing Director), and several non-executive directors, along with the Company Secretary and CEO, Kishor Dhage. They oversee the company's operations and strategic direction.

As of March 2021, the management team of Morarjee Text includes the following members:<BR><BR>1. Urvi A Piramal - Chairperson<BR>2. Harshvardhan A Piramal - Executive Vice Chairman<BR>3. Mahesh S Gupta - Non-Executive & Non-Independent Director<BR>4. R K Rewari - Managing Director<BR>5. A K Singh - Non-Executive & Independent Director<BR>6. Alpana Piramal Chinai - Non-Executive & Independent Director<BR>7. Archit Jayakar - Non-Executive & Independent Director<BR>8. Nishthi Dharmani - Company Secretary<BR>9. Devesh Dadheech - Non-Executive & Independent Director<BR>10. Kishor Dhage - Whole Time Director & CEO<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

Who are the top shareholders of the Morarjee Text.?

The top shareholder of Morarjee Text is Urvi Ashok Piramal, owning 59.42% of the shares, while the Life Insurance Corporation of India holds 3.75%. Individual investors collectively own 27.51%, with no foreign institutional investors or significant mutual fund involvement.

The top shareholders of Morarjee Text include Urvi Ashok Piramal, who holds a significant 59.42% of the shares, making her the largest promoter. The Life Insurance Corporation of India is the highest public shareholder with a stake of 3.75%. Additionally, individual investors collectively hold 27.51% of the shares. There are currently no foreign institutional investors (FIIs) holding shares, and mutual funds have minimal involvement with only two schemes holding 0.0%.

How big is Morarjee Text.?

As of 21st July, Morarjee Textiles Ltd has a market capitalization of 27.00 Cr and reported Net Sales of 70.86 Cr, with a Net Profit loss of 163.28 Cr over the latest four quarters.

As of 21st July, Morarjee Textiles Ltd has a market capitalization of 27.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 70.86 Cr. However, it experienced a loss of 163.28 Cr in Net Profit during the same period.<BR><BR>The latest annual period for the balance sheet is March 2023. Shareholder's Funds stood at a loss of 278.34 Cr, while Total Assets were valued at 473.41 Cr.

When is the next results date for Morarjee Text.?

Morarjee Text. will announce its results on 20 August 2025.

Morarjee Text. will declare its results on 20 August 2025.

Are Morarjee Text. latest results good or bad?

Morarjee Textiles' latest results are concerning, showing a 91.84% year-on-year decline in Profit After Tax and a 70% drop in net sales. Analysts rate the stock as a 'Strong Sell' due to rising debt and deteriorating liquidity.

The latest results for Morarjee Textiles are quite concerning. The company has reported a significant decline in its financial performance for the quarter ending December 2023. Key indicators show a drastic drop in Profit After Tax (PAT), which has plummeted by -91.84% year on year, and net sales have decreased by -70.0% compared to the average of the previous four quarters.<BR><BR>Additionally, the company's Debt-Equity Ratio has been rising consistently, suggesting an increasing reliance on borrowing, which may lead to liquidity issues. Their cash and cash equivalents have also decreased significantly, now standing at Rs 2.13 crore, indicating a deteriorating short-term liquidity position.<BR><BR>Overall, the financial results reflect a challenging situation for Morarjee Textiles, and the stock has been rated as a 'Strong Sell' by analysts. Investors and stakeholders should be cautious and closely monitor the company's performance moving forward.

How has been the historical performance of Morarjee Text.?

Morarjee Text has faced significant financial challenges, with net sales dropping from 272.33 Cr in Mar'22 to 206.87 Cr in Mar'23, and operating profit turning negative at -50.53 Cr. The company reported a net loss of -185.25 Cr in Mar'23, reflecting a decline in both revenue and profitability.

Answer:<BR>The historical performance of Morarjee Text has shown significant fluctuations over the years, particularly in terms of revenue and profitability.<BR><BR>Breakdown:<BR>Morarjee Text's net sales decreased from 272.33 Cr in Mar'22 to 206.87 Cr in Mar'23, following a trend of volatility with a peak of 382.04 Cr in Mar'20. The total operating income mirrored this decline, dropping to 206.87 Cr in Mar'23 from 272.33 Cr in the previous year. The company's operating profit turned negative in Mar'23, reporting -50.53 Cr, a stark contrast to the positive operating profit of 7.23 Cr in Mar'22. This decline in profitability is reflected in the operating profit margin, which fell to -25.05% in Mar'23 from 2.22% in Mar'22. The net profit also worsened significantly, with a loss of -185.25 Cr in Mar'23 compared to -88.11 Cr in Mar'22. The total liabilities decreased to 473.41 Cr in Mar'23 from 596.56 Cr in Mar'22, while total assets also fell to 473.41 Cr from 596.56 Cr in the same period. Cash flow from operating activities showed a slight decrease, with 7.00 Cr in Mar'23 compared to 17.00 Cr in Mar'22, leading to a net cash outflow of -14.00 Cr in Mar'23. Overall, Morarjee Text has experienced a challenging financial landscape, marked by declining revenues and increasing losses.

Should I buy, sell or hold Morarjee Text.?

Why is Morarjee Text. falling/rising?

As of 21-Dec, Morarjee Textiles Ltd's stock price is stable at 8.30, with a recent positive trend of +10.08% over the past week. However, the long-term outlook is concerning due to declining sales, negative quarterly results, and a high debt-to-equity ratio, indicating significant risks for investors.

As of 21-Dec, Morarjee Textiles Ltd's stock price is currently stable at 8.30, showing no change (0.00%). However, the stock has demonstrated a positive trend recently, with a performance of +10.08% over the past week, significantly outperforming the Sensex, which declined by 0.40% during the same period. This upward movement is supported by a consecutive gain over the last two days and a notable increase in delivery volume, which rose by 161.09% compared to the 5-day average.<BR><BR>Despite these short-term gains, the long-term outlook for Morarjee Textiles remains concerning. The company has not declared results in the last six months, indicating weak fundamental strength. Over the past five years, net sales have decreased at an annual rate of -37.66%, and operating profit has also declined by -9.15%. Additionally, the company has reported negative results for the last four consecutive quarters, with net sales for the half-year dropping by -79.8%. The high debt-to-equity ratio of 2.75 times further exacerbates the company's financial instability.<BR><BR>In summary, while Morarjee Textiles Ltd is experiencing a short-term rise in stock price due to recent performance and increased investor participation, the long-term fundamentals are weak, marked by declining sales and high debt, which pose significant risks to investors.

Why is Morarjee Text. falling/rising?

As of 22-Dec, Morarjee Textiles Ltd's stock price is at 8.00, down 3.61%. This decline is due to underperformance relative to its sector, erratic trading, decreased delivery volume, and poor year-to-date performance, indicating a bearish trend.

As of 22-Dec, Morarjee Textiles Ltd's stock price is falling, currently at 8.00, reflecting a change of -0.3 or -3.61%. This decline can be attributed to several factors. Firstly, the stock has underperformed its sector by -3.54% today, indicating weaker performance relative to its peers. Additionally, the stock has shown erratic trading behavior, having not traded on 3 out of the last 20 days, which may contribute to investor uncertainty.<BR><BR>Moreover, the stock's delivery volume has significantly decreased, with a reported volume of 350 on December 17, marking an 83.12% drop against the 5-day average delivery volume. This decline in investor participation suggests a lack of confidence among traders. <BR><BR>While the stock has performed positively over the past week and month, with increases of 6.10% and 6.67% respectively, its year-to-date performance remains poor at -24.31%, and it has experienced substantial declines over the longer term, including a -63.22% drop over three years. The current price is also lower than the 50-day, 100-day, and 200-day moving averages, which typically indicates a bearish trend. Overall, these factors collectively explain the current downward movement in Morarjee Textiles Ltd's stock price.

Why is Morarjee Textiles Ltd falling/rising?

As of 23-Dec, Morarjee Textiles Ltd's stock price is at 8.00, with no change. The stock has declined 24.31% year-to-date and 30.86% over the past year, showing weak performance and reduced trading activity compared to the sector.

As of 23-Dec, Morarjee Textiles Ltd's stock price is currently at 8.00, showing no change (0.00%). Despite a slight increase of 1.14% over the past week and a more significant rise of 6.67% over the past month, the stock has underperformed compared to the sector by 3.54% today. Year-to-date, the stock has declined by 24.31%, and over the past year, it has fallen by 30.86%, indicating a longer-term downward trend.<BR><BR>The stock's performance is further highlighted by erratic trading patterns, as it did not trade on 3 out of the last 20 days. Additionally, there has been a significant drop in investor participation, with delivery volume on December 17 falling by 83.12% compared to the 5-day average. Although the stock is trading above its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages, suggesting a lack of momentum.<BR><BR>Overall, the combination of declining year-to-date performance, reduced trading activity, and underperformance against the sector contributes to the perception that Morarjee Textiles Ltd is facing challenges, leading to a stagnant stock price at this time.

Why is Morarjee Textiles Ltd falling/rising?

As of 24-Dec, Morarjee Textiles Ltd's stock price is at 8.00, unchanged from the previous session. The stock has significantly underperformed, with a 3.61% decline over the past week and a 27.93% drop over the past year, indicating a bearish trend and declining investor participation.

As of 24-Dec, Morarjee Textiles Ltd's stock price is currently at 8.00, showing no change from the previous trading session. The stock has underperformed significantly in the short term, with a decline of 3.61% over the past week, while the benchmark Sensex has increased by 1.00%. Over the past year, Morarjee Textiles has experienced a substantial drop of 27.93%, compared to an 8.84% rise in the Sensex.<BR><BR>Today's performance indicates that the stock has underperformed its sector by 3.54%. Additionally, there has been erratic trading, as the stock did not trade on 3 out of the last 20 days. The delivery volume has also seen a drastic decline, with a drop of 83.12% against the 5-day average, indicating falling investor participation. Although the stock's current price is higher than its 5-day and 20-day moving averages, it remains lower than its longer-term moving averages (50-day, 100-day, and 200-day), suggesting a bearish trend.<BR><BR>Overall, the combination of poor recent performance, declining trading activity, and lower investor participation contributes to the stock's current stagnation and lack of upward movement.

Why is Morarjee Textiles Ltd falling/rising?

As of 25-Dec, Morarjee Textiles Ltd's stock price is at 8.00, unchanged from the previous day, with a year-to-date decline of 24.31% and a one-year decrease of 27.93%. The stock has underperformed its sector and the market, showing declining trading activity and reduced investor interest.

As of 25-Dec, Morarjee Textiles Ltd's stock price is currently at 8.00, showing no change from the previous day. The stock has experienced a decline in performance over various periods, with a year-to-date drop of 24.31% and a one-year decrease of 27.93%. In the last week, the stock has underperformed, falling by 3.61%, while the benchmark Sensex has risen by 1.00%.<BR><BR>Today's performance indicates that the stock has underperformed its sector by 3.54%. Additionally, there has been erratic trading, as the stock did not trade on three days out of the last twenty. The delivery volume has also seen a significant decline, with a drop of 83.12% compared to the five-day average, indicating falling investor participation. Although the stock is trading higher than its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.<BR><BR>Overall, the combination of poor performance relative to the market, declining trading activity, and reduced investor interest contributes to the stock's current stagnation and lack of upward movement.

Which are the latest news on Morarjee Text.?

Which are the latest news on Morarjee Text.?