Manomay Tex India Ltd. · NSE:MANOMAY
Manomay Tex India — Q4 FY2024 Earnings Presentation
44 slides from Manomay Tex India's earnings presentation, Jun 10, 2024
Slide 1: Investor Presentation Q4 & FY24
INVESTOR PRESENTATION Q4 & FY24
Slide 2: Bird's-Eye View: Manomay
BIRD’S-EYE VIEW: MANOMAY Inc orp ea t ora v 20 te e ha lan con 09 an d in W ing p n n d in pu verte d i bli dt sp cate an com imc l o lo sth ited ja pa Ra 20 ny 17 in Bu Su ess nu rat n sin and ed sta Mo ma eg e a ity ring fa ctu d Ex Team e int hav ina pe ble el We rie fa cil nc d lo ca ted in m Pl
Slide 3: Our Journey
OUR JOURNEY 1978 1994 2003 Established as Dhanlaxmi The foundation of Dhanlaxmi Renamed Mahalaxmi Synthetics Group, specializing in a wide was weaving, specializing in to Citifab Suitings range of Tex fabrics wide range of Cotton Dhoties 2006 2009 1989 Embarked on a new journey with a new plant of w
Slide 4: Our Journey
OUR JOURNEY 2013 2017 2021 2023 Began commercial production Listed its equity shares on the BSE SME Platform in During the year 2021, the company In the year 2022-23 Company has of Denim Fabrics installed TSUDAKOMA’s BRAND NEW migrated from BSE Limited SME to BSE March AUTOMATIC SHUTTLELESS ZAX001NE
Slide 5: 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 6: Ring Spinning Process
RING SPINNING PROCESS Cotton Godown Blow room Carding Drawing Roving (Mixing) Packing Conditioning Winding Spinning
Slide 7: Open End Spinning Process
OPEN END SPINNING PROCESS Blow room (Mixing) Drawing Conditioning Cotton Godown Carding Open end Packing
Slide 8: Denim Manufacturing Process
DENIM MANUFACTURING PROCESS 1 2 3 4 Raw Material Yarn Warping Sizing Weaving 5 6 7 8 Finishing Folding/Checking Roll/Packaging Dispatch
Slide 9: Products
PRODUCTS Our Segments:- The most common denim is indigo denim, in which the warp thread 3/1 Twill is dyed cotton, while the weft The most common weave for denim fabric. 3/1 is just three warp threads for every waft thread and create a subtle thread is left white & sometimes diagonal ribbing pattern.
Slide 10: Denim Manufacturing Capacity / Spinning Unit
DENIM 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. SPINNING UNIT Aaraji No 983, 989, 9
Slide 11: Denim Process Details
DENIM PROCESS DETAILS 3. High Air JetLooms 1. Warping 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
Slide 12: Denim Process Details
DENIM PROCESS DETAILS 4. SIngeing Machine 6. Inspection This machine produces an even surface by This helps to identify the faults in production of burning off projecting fibres, yarn ends, fabric before packing & delivery. and fuzz. We have sixteen Inspection machines We have one Singeing machines
Slide 13: Our Markets
OUR MARKETS New Delhi Ludhiana Domestically, we trade throughout India, primarily in major cities like New Delhi, Hathras Bhilwara Mumbai, Kolkata, Ahmedabad, Ludhiana, Kanpur Indore, Kanpur, Bellary, Hathras, Ulhasnagar, Bhilwara and Bhavnagar. Ahmedabad Indore Kolkata Bhavnagar Ulhasnagar Mumbai B
Slide 14: 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 15: Market Size & Growth Factors
MARKET SIZE & GROWTH FACTORS Indian Denim Market The Denim Apparel market of India was valued at US $ 6.15 bn in FY2023 and is expected to further grow at a CAGR of 14% over the 3 years to reach US $ 9.15 bn by FY2026. 1,600 million meters per year India’s denim fabric installed capacity 50 850-900
Slide 16: 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 ma
Slide 17: Growth Opportunities
GROWTH OPPORTUNITIES The textiles and apparel (T&A) industry contribute 2.3% to the country's GDP, 13% to industrial production and 12% to exports. India’s textile sector is projected to attract Rs.950 billion in investments over the next 4-6 years, driven by the PLI scheme (Rs.250 billion) and the
Slide 18: Strengths
STRENGTHS 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. Experienced Management: Through their constant efforts, we have been able to build a sustainable business model Locational Advantage: Enab
Slide 19: Weakness
WEAKNESS An increase in mid-market / value shops has a detrimental influence on higher-end retailers and increases the potential to offer lower-end brands. Price fluctuations to keep up with changing demands and trends. Scarcity of trained labour. An increase in unit cost, as well as high tariff bar
Slide 20: Opportunities
OPPORTUNITIES The textile and apparel industry is expected to grow to US $190 billion by FY26. Urbanization is expected to support higher growth due to change in fashion and trends. According to Union Budget 2022, there is a total allocation of ₹12,382 crore for the textile sector for next financial
Slide 21: Threats
THREATS High Competition: The market is saturated with established brands. When competitors offer cheaper prices, it is difficult to strike a balance between price and quality. Due to pollution concerns, certain factories in China and Europe have been shut down, resulting in a spike in the price of
Slide 22: Our Management
OUR MANAGEMENT Mr. Kailashchandra Hiralal Laddha Chairman He is the Chairman of the company and is a commerce graduate with 47+ years of versatile experience in the textile industry, and has thorough knowledge of products of our Company. He holds experience in operations, business process, risk mana
Slide 23: Our Management
OUR MANAGEMENT Mr. Yogesh Laddha Mrs. Pallavi Laddha Promoter and Managing Director Whole Time Director He is the Managing Director of the company and is She is the Whole Time Director and Chairperson of a Chartered Accountant by qualification and Internal Complaint Committee of the Company. She mem
Slide 24: Our Management
OUR MANAGEMENT Mr. Maheshchandra Mr. Kamlesh Kailashchandra Laddha Kailashchandra Laddha Whole Time Director Whole Time Director He is the Whole Time Director of the company and He is the Whole Time Director and a member of the member of Corporate Social Responsibility Stakeholder Relationship Commi
Slide 25: Our Management
OUR MANAGEMENT Mr. Shriniwas Shivraj Mr. Basant Kishangopal Mr. Dilip Balkishan Porwal Bhattad Porwal Independent Director Independent Director Independent Director He is the Independent Director and member He is the Independent Director and Chairperson He is the Independent Director and of the Nomi
Slide 26: Our Management
OUR MANAGEMENT Mr. Anil Kumar Kabra Mr. Rajiv Mahajan Independent Director Independent Director He is the Independent Director and member of He is the Independent director and a member of Nomination Nomination and Remuneration Committee of our and Remuneration Committee of our company. He is a compa
Slide 27: Our Management
OUR MANAGEMENT Mr. Raj Kumar Chechani Mr. Kamesh Shri Shri Mal Chief Financial Officer Company Secretary He is the Chief Financial Officer of the company. He is a He is Company Secretary and Compliance Officer of Chartered Accountant and has 12 Years of diverse the company. He has completed his Mast
Slide 28: Snapshot Q4 FY2024
SNAPSHOT Q4 FY2024 EBITDA Margin (%) Revenue from Operations PAT Margin (%) 9.65% INR 18,466.72 Lakhs 2.19% Stock Price Movement 200.00 150.00 100.00 50.00 0.00 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Key Market Statistics (March 31, 2024) Market Capital:
Slide 29: Quarterly Highlights
QUARTERLY HIGHLIGHTS Operating Profit & Net Profit & Revenue from Operations Operating Profit Margin Net Profit Margin 20,000.00 3% 1,200.00 500.00 7% 2.87% 3.09% 1,000.00 6% 6.37% 400.00 15,000.00 5% 2% 800.00 5.44% 2.19% 300.00 4% 10,000.00 600.00 3% 200.00 400.00 1% 2% 5,000.00 100.00 16,820.50 1
Slide 30: Y-o-Y Highlights
Y-o-Y HIGHLIGHTS Operating Profit & Net Profit & Revenue from Operations Operating Profit Margin Net Profit Margin 70,000.00 3,500.00 1400.00 6.0% 60,000.00 3,000.00 5.96% 1200.00 5.0% 50,000.00 2,500.00 1000.00 4.0% 2.23% 4.35% 2.50% 40,000.00 2,000.00 800.00 1.85% 3.0% 2.00% 30,000.00 1,500.00 600
Slide 31: Annual Highlights
ANNUAL HIGHLIGHTS Revenue from Operations Operating Profit & Net Profit & Operating Profit Margin Net Profit Margin 3,500.00 6.00% 1,400.00 2.50% 70,000.00 3,000.00 5.96% 5.00% 1,200.00 60,000.00 2.00% 2,500.00 4.35% 4.00% 1,000.00 50,000.00 4.35% 2.23% 2,000.00 800.00 1.85% 1.50% 3.50% 3.00% 40,000
Slide 32: Return Ratios
RETURN RATIOS TOTAL ASSETS & CAPITAL EMPLOYED & ROCE NET WORTH & RONW RETURN ON ASSETS 6% 20% 60,000.00 35,000.00 14,000.00 5% 30,000.00 50,000.00 12,000.00 15% 3.30% 4% 25,000.00 40,000.00 15.59% 20.00% 10,000.00 2.39% 2.23% 11.36% 11.17% 3% 20,000.00 10.08% 14.07% 8,000.00 10% 30,000.00 15.00% 15,
Slide 33: Strong Financial: Key Ratios
STRONG FINANCIAL: KEY RATIOS CURRENT RATIO INTEREST COVERAGE DEBT/EBITDA 2.00 2.50 4.00 2.00 3.00 1.50 1.50 1.00 2.00 1.00 0.50 1.34x 1.52x 1.41x 2.36x 2.13x 1.95x 1.00 2.45x 1.77x 3.85x 0.50 0.00 0.00 0.00 FY2022 FY2023 FY2024 FY2022 FY2023 FY2024 FY2022 FY2023 FY2024 Current Ratio (in times) Inter
Slide 34: Quarterly Highlights
QUARTERLY HIGHLIGHTS & Rs. in Lakhs Particulars Q4FY24 Q3FY24 Q-o-Q Q4FY23 Y-o-Y 1) Revenue from Operations 18,466.72 12,460.99 48.2% 16,820.50 9.8% 2) Other Income 34.69 42.68 (18.7%) 18.20 90.6% 3) TOTAL REVENUE (1+2) 18,501.41 12,503.67 48% 16,838.70 9.9% 4) Direct Expenditure (a) Cost of Materia
Slide 35: Financial Statement
FINANCIAL STATEMENT Rs. in Lakhs Particulars FY24 FY23 Y-O-Y 1) Revenue from Operations 58,309.12 69,887.88 (16.6%) 2) Other Income 103.34 35.04 194.9% 3) TOTAL REVENUE (1+2) 58,412.46 69,922.92 (16.5%) 4) Direct Expenditure (a) Cost of Materials Consumed 40,425.75 47,768.07 (15.4%) (b) Purchase of
Slide 36: Profit & Loss Statement
PROFIT & LOSS STATEMENT Rs. in Lakhs Particulars FY2022 FY2023 FY2024 1) Revenue from Operations 58,953.15 69,887.88 58,309.12 2) Other Income 35.01 35.04 103.34 3) TOTAL REVENUE (1+2) 58,988.16 69,922.92 58,412.46 4) Direct Expenditure (a) Cost of Materials Consumed 37,665.19 47,768.07 40,425.75 (b
Slide 37: Balance Sheet
BALANCE SHEET Rs. in Lakhs Rs. in Lakhs Particulars 2022 2023 2024 Particulars 2022 2023 2024 II. ASSETS I. EQUITY AND LIABILITIES 1. Non-Current Assets 1. Shareholder’s Funds (a) Plant, Property & Equipment 5,600.11 6,620.22 21,711.28 (a) Share Capital 1,468.34 1,804.87 1,804.87 (b) Capital work in
Slide 38: Capital Structure
Shareholding Pattern as on 31st March, 2024 Shareholding Pattern CAPITAL STRUCTURE Authorized Share Capital As at 31st March 2024 As at 31st March 2023 Particular Number Amount Number Amount 43.86 Authorized Share ( Capital) (in Lakhs) 200 2000.00 200 2000.00 Equity Shares of Rs. 10 each Issued, Sub
Slide 39: 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 40: 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 41: Awards & Recognitions
AWARDS & RECOGNITIONS Recent visit by honourable minister of textile industry Shri Piyush Goyal Ji along with Member of Lok Sabha Shri CP Joshi Ji for plant visit.
Slide 42: 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 43: 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 44: Thank You
THANK YOU Mr. YOGESH LADDHA Investor Relations Promoter And Managing Director NNM Nextgen Advisory Pvt. Ltd. REGISTERED OFFICE: 32 Heera Panna Market, Mr. Nikunj Mittal Pur Road, Bhilwara 311001, nikunj@nnmsecurities.com Rajasthan, INDIA Research Team yogesh@manomaytexindia.com ca@manomaytexindia.co