Manomay Tex India Ltd. · NSE:MANOMAY
Manomay Tex India — Investor Presentation (September 2023)
40 slides from Manomay Tex India's investor presentation, Sep 18, 2023
Slide 1: Investor Presentation Q1-FY 2024
INVESTOR PRESENTATION Q1-FY 2024
Slide 2: Bird's-Eye View: Manomay
BIRD’S-EYE VIEW: MANOMAY Denim Plant located in ISO 9001:2015 and Rajasthan having ISO 14001:2015 production capacity of 48 certified company million meters per annum Sustainable Business We have an integrated Model manufacturing facility and Experienced Team Incorporated in 2009 and Ventured into 1
Slide 3: Our Journey
OUR JOURNEY 1978 1994 2003 Established as Dhanlaxmi The foundation of Dhanlaxmi Renamed Mahalaxmi Synthetics Group, specializing in a wide Weaving, specializing in wide to Citifab Suitings range of Tex fabrics range of Cotton Dhoties 2006 2009 1989 Embarked on a new journey with a new plant of weavi
Slide 4: Our Journey
OUR JOURNEY 2013 2017 2019 2022 Converted company from The company applied for registration of Raised capital through Already began commercial 1.1 MW Solar PV power project at plant Private Limited to Public Preferential issue of ₹ 7Crore. production of Denim Fabrics Aaraji No.5,6,7 gram- Jojro Ka k
Slide 5: Manufacturing Process
MANUFACTURiNG PROCESS Manomay Industry Raw Material Yarn Warping Sizing Dispatch Roll/Packaging Folding/Checking Finishing Loom
Slide 6: Vision & Mission
VISION & MISSION VISION We Believe:- ‘Together Everyone achieves more’ We are here to invest in our relations with people & for people MISSION We are here not only for business but for making long term relations. A satisfied buyer and his appreciation for goods is inspiration for better working in f
Slide 7: Products
PRODUCTS The most common denim is indigo denim, in which the warp thread is dyed cotton, while the weft thread is left white & sometimes black. Our Segments:- 3/1 Twill Satin The most common weave for A type of fabrics weave that denim fabric. 3/1 is just three produces a characteristically warp thr
Slide 8: Manufacturing Capacity
MANUFACTURING CAPACITY Denim Plant located at Aaraji No.5,6,7 Gram-Jojro Ka Khera Tehsil-Gangrar, Dist.:-Chittorgarh (Rajasthan), India has production capacity of 48 million meters per annum spread across land area of 20,300 sq. meter and 11,800 sq. meter.
Slide 9: Process Details
PROCESS DETAILS 1. Warping 3. High Air JetLooms These are the main weaving machines. Warping is the process of Installation of latest high air jet looms combining yarns from different with wider width and dobby, cones to form sheet. TSUDOKAMA- 115 LOOMS. We have 6 Warping machines We carry out job w
Slide 10: Singeing, Finishing and Inspection
4. SIngeing Machine 6. Inspection This machine produces an even surface by This helps to identify the faults in burning off projecting fibres, yarn ends, and production of fabric before packing & fuzz. We have one Singeing machines delivery. Coating head- for all possible types of coating. We have s
Slide 11: Our Markets
OUR MARKETS New Delhi Ludhiana Domestically, we trade throughout Hathras india, primarily in major cities like New Bhilwara Delhi, Mumbai, Kolkata, Ahmedabad, Kanpur Ludhiana, Indore, Kanpur, Bellary, Ahmadabad Hathras, Ulhasnagar, Bhilwara and Kolkata Bhavnagar. Bhavnagar Ulhasnagar Mumbai Bellary
Slide 12: Our Markets
OUR MARKETS We export our denim to 15+ countries worldwide, like Colombia, Mexico, Egypt, Chile, Venezuela, Paraguay, Guatemala, Peru, Ecuador, Lebanon, Bangladesh, Argentina, Bolivia, Morocco, and USA. USA Lebanon Morocco Egypt Bangladesh Mexico Colombia Guatemala Venezuela Ecuador Peru Paraguay Ch
Slide 13: Market Size & Growth Factors
MARKET SIZE & GROWTH FACTORS Indian Denim Market According to various market studies, the Indian domestic denim market has been maintaining an average CAGR of 8 to 9 per cent for a few years and is expected to reach Rs 91,894 crores by 2028. 1,600 million meters 50 per year India’s denim fabric inst
Slide 14: Growth Drivers
Growth Drivers: The growing denim market, both internationally and nationally, is the main reason why leading mills are optimistically believing that denim will continue to tap growth in the years to come and if projections are an indicator, its growth will touch 10-12% on CAGR basis. To grab more m
Slide 15: Growth Opportunities
GROWTH OPPORTUNITIES 1. The Indian textile industry is set for strong growth, buoyed by both strong domestic consumption as well as export demand. 2. The Directorate General of Foreign Trade (DGFT) has revised rates for incentives under the Merchandise Exports from India Scheme (MEIS) for two subsec
Slide 16: Strengths
STRENGTHS 1) Integrated Manufacturing Facility : allowing us to carry on all the facilities in house i.e. from winding and warping of yarn to dispatch of the fabric. 2) Our Experienced Management: through their constant efforts, we have been able to build a sustainable business model 3) Locational A
Slide 17: Weakness
WEAKNESS 1) An increase in mid-market / value shops has a detrimental influence on higher-end retailers and increases the potential to offer lower-end brands. 2) Price fluctuations to keep up with changing demands and trends. 3) Scarcity of trained labour. 4) An increase in unit cost, as well as hig
Slide 18: Opportunities
OPPORTUNITIES 1) The textile and apparel industry is expected to grow to US $190 billion by FY26. 2) Urbanization is expected to support higher growth due to change in fashion and trends. 3) According to Union Budget 2022, there is a total allocation of ₹12,382 crore for the textile sector for next
Slide 19: Threats
THREATS 1) High Competition: The market is saturated with established brands. 2) When competitors offer cheaper prices, it is difficult to strike a balance between price and quality. 3) Due to pollution concerns, certain factories in China and Europe have been shut down, resulting in a spike in the
Slide 20: Management
MANAGEMENT MANAGEMENT OUR TEAM Mr. Kailashchandra Hiralal Laddha Mr. Yogesh Laddha Mr. Maheshchandra Kailashchandra Laddha Chairman Promoter and Managing Diirector Whole Time Director He has 46+ years of versatile Yogesh Laddha, is Chartered Accountant He has 30+ years of experience behind experienc
Slide 21: Management
MANAGEMENT OUR TEAM Mr. Kamlesh Kailashchand Laddha Mr. Dilip Balkishan Porwal Whole Time Director Independent Director He has extensive experience and He is a young entrepreneur, with expertise in the financial services specialization in production and has sector and has expertise in the fields 26+
Slide 22: Management
MANAGEMENT OUR TEAM Mr. Shriniwas Shivraj Bhattad Mr. Basant Kishangopal Porwal Independent Director Independent Director He is a B. Tech Mechanical Engineer He is a Chartered Accountant and has and has extensive experience and extensive experience and expertise in expertise in the financial service
Slide 23: Management
MANAGEMENT OUR TEAM Mr. Anil Kumar Kabra Mr. Rajiv Mahajan Independent Director Independent Director He is a Certified Associate of Indian Institute of He has extensive experience and Bankers (CAIIB). He has also done his post expertise in the financial services graduation in philosophy and post-gra
Slide 24: Management
MANAGEMENT OUR TEAM Mrs. Pallavi Laddha Mr. RAJ KUMAR CHECHANI Mr. KAMESH SHRI SHRI MAL Whole Time Director Chief Financial Officer Company Secretary He is a Chartered Accountant and has 11 She is the Promoter and Whole Time Years of Vast Experience in the field of Director and Chairman of Internal
Slide 25: Snapshot Q1 2024
Snapshot Q1 2024 Total Income EBITDA Margin (%) PBT Margin (%) INR 14,059.31 Lakhs 5.78% 1.62% 150 Stock Price Moment 100 50 0 2 22 22 2 2 22 22 22 3 3 23 3 23 3 22 r2 g2 p2 n2 b2 r2 n2 ay ly ct ov ec ar ay ne Ap Ap Au Se Ja Ju Fe Ju O M D M M N Ju Key Market Statistics (30th June 2023) Market Capit
Slide 26: Quarterly Key Ratios
QUARTERLY KEY RATIOS The revenue Has been declined from 17,709.12 lakhs in Q1 FY23 to 14,09.31 lakhs in Q1 2024. The Company has experienced 20.61% decline in revenue growth. The management has successfully maintained healthy growth in EBIT & Net Profit Margins.
Slide 27: Margin Ratios
MARGIN RATIOS The Company has experienced robust revenue growth with 29.60% compounded annually growth over the last 3 years. The management also has successfully maintained healthy growth in EBIT & Net Profit Margins. 770.62
Slide 28: Strong Financial: Key Ratios
STRONG FINANCIAL: KEY RATIOS The Current ratio has been increasing over The interest coverage ratio depicts the Debt/EBITDA ratio is used by to gauge a the past 3 years. Hence it signifies that the interest paying ability of a company. company's liquidity position and financial company is fully equi
Slide 29: Return Ratios
RETURN RATIOS Return Ratios measures how effectively an investment is being managed by the company so that highest possible return is generated on the investment. The above three return ratios: ROE, ROCE and ROA have increased sharply indicating that the company is making efficient use of the resour
Slide 30: Efficiency Ratios
EFFICIENCY RATIOS Turnover Ratio 1.73 Total Asset Turnover Ratio 1.83 1.51 Performance is quite favourable on 4.46 operational front. The company has Inventory Turnover ratio 4.12 been performing well, in terms of 3.64 industry parameters. The company 4.82 has been on favorable terms with Recievable
Slide 31: Quarterly Highlights (P&L)
1 I | 4 MANQMAY A MOMENT OF STYLE (9) EBITDA (5-7-8) 10) EBITDA MARGIN (9/3) LAKHS C—O aia ) Revenue from Operations 17,708.41 14,040.49 2) Other Income | 0.74 18.82 3) TOTAL REVENUE (1+2) 17,709.12 14,059.31 4) Direct Expenditure (a) Cost of Materials Consumed 13,326.82 10,262.13 (b) Purchase of Tr
Slide 32: Profit & Loss Statement
MANQMAY AMOMENT OF STYLE RS.IN = LAKHS Particulars 0 rvzzt | Fv2022 | ry202a | ) Revenue from Operations 32,125.30 58,953.15 69,887.88 2) Other Income 0.72 35.01 35.04 3) TOTAL REVENUE (1+2) 32,126.02 58,988.16 69,922.92 ft) Direct Expenditure (a) Cost of Materials Consumed 20,376.02 37,665.19 47,76
Slide 33: Balance Sheet
MANQMAY BALANCE SHEET} A MOMENT OF STYLE Ce a nee RS,IN LAKHS F ASSETS ht. EQUITY AND LAI 1ES !.Non- Current assets -SHAREHOLDER’S FUNDS (a) Plant, Property & Equipment 5,628.26 | 5,600.11 | 6,620.22 . : 1,804.87 (a) Share Capital 1,468.34 | 1,468.34 B (ii) Intangible Assets - - : (b) Reserve & Surp
Slide 34: Capital Structure
Shareholding Pattern as on 30th June, 2023 Shareholding Pattern CAPITAL STRUCTURE Authorized Share Capital As at 31st March 2023 As at 31st March 2022 Particular Number Amount Number Amount 43.86% Authorized Share ( Captial) (in Lakhs) 200 2000.00 200 2000.00 Equity Shares of Rs. 10 each Issued, Sub
Slide 35: Awards & Recognitions
AWARDS & RECOGNITIONS The company has won TEXPROCIL Export Award 2020-2021 in the Gold Trophy for the Highest Exports of (Cotton) ‘Denim Fabrics'. under Category II (Export performance above Rs.75 Cr. And upto Rs. 250 Cr.) for exports of Rs. 155.60 Cr. during the year 2020-21 from The Cotton Textile
Slide 36: Awards & Recognitions
AWARDS & RECOGNITIONS Rajasthan State Export Award 2020 Company has won Rajasthan State Export Award 2020 From Government of Rajasthan Department of Industries & Commerce for Highest export Denim (Cotton) Fabrics and Growth in the category of textiles during the year 2019-20. This Rajasthan State Ex
Slide 37: Awards & Recognitions
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Slide 38: Investment Rationale
INVESTMENT RATIONALE By 2029, the Indian textiles market is anticipated to be valued more than US$ 209 billion. The Indian textiles industry appears to have a bright future, driven by robust domestic and foreign demand. Incentives under the PLI scheme will be available for five years from 2025-26 to
Slide 39: Disclaimer
DISCLAIMER This presentation has been prepared solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever.
Slide 40: Thank You
THANK THANK YOU YOU Mr. YOGESH LADDHA Promoter And Managing Director Investor Relations REGISTERED OFFICE: NNM Nextgen Advisory Pvt. Ltd. 32 Heera Panna Market Mr. Nikunj Mittal/ Nilesh Panchal Pur Road, Bhilwara 311001 Rajasthan, INDIA nikunj@nnmsecurities.com yogesh@manomaytexindia.com nilesh.panc
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