Manomay Tex India Ltd. · NSE:MANOMAY
Manomay Tex India — H1 FY2024 Earnings Presentation
42 slides from Manomay Tex India's earnings presentation, Nov 28, 2023
Slide 1: Investors' Presentation filing cover letter
MANOMAY TEX INDIA LIMITED CIN : L18101RJ2009PLC028647 REGD. OFF. :- 32, HEERA PANNA MARKET Mail Id : ykladdha@hotmail.com PUR ROAD, BHILWARA - 311001 (RAJ) Contact No. : 01482-246983 Website: www.manomaytexindia.com ============================================================================ MTIL/BS
Slide 2: Investor Presentation H1/Q2-FY 2024
INVESTOR PRESENTATION H1/ Q2-FY 2024
Slide 3: 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 and Experienced manufacturing facility Team Incorporated in 2009 Ventured into 14+ a
Slide 4: 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 5: 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 6: Manufacturing Process
MANUFACTURING PROCESS Manomay Tex India Raw Material Warping Sizing Limited Yarn Dispatch Roll/Packaging Folding/Checking Finishing Loom
Slide 7: 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 8: 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 9: 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 10: Process Details
PROCESS DETAILS 1. Warping 3. High Air JetLooms Warping is the process of These are the main weaving machines. combining yarns from different Installation of latest high air jet looms cones to form sheet. with wider width and dobby, We have 6 Warping machines TSUDOKAMA- 115 LOOMS. We carry out job w
Slide 11: Singeing, Finishing, Value Added Machine, Inspection
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 We have lab with lates
Slide 12: 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. Ahmadabad Kolkata Bhavnagar Ulhasnagar Mumbai Bellary
Slide 13: 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 14: 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 per year 50 India’s denim fabric inst
Slide 15: 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 16: Growth Opportunities
GROWTH OPPORTUNITIES 1. The textiles and apparel (T&A) industry contribute 2.3% to the country's GDP, 13% to industrial production and 12% to exports. 2. The Directorate General of Foreign Trade (DGFT) has revised rates for incentives under the Merchandise Exports from India Scheme (MEIS) for two su
Slide 17: 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. Our Experienced Management: through their constant efforts, we have been able to build a sustainable business model Locational Advantage:
Slide 18: 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 19: 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 20: 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 21: Management
MANAGEMENT MANAGEMENT OUR TEAM Mr. Kailashchandra Hiralal Laddha Mr. Yogesh Laddha Mr. Maheshchandra Kailashchandra Laddha Chairman Promoter and Managing Director Whole Time Director He has 46+ years of versatile Yogesh Laddha, is Chartered He has 30+ years of experience behind experience in the tex
Slide 22: Management
MANAGEMENT OUR TEAM Mr. Kamlesh Kailashchand Ladha Mr. Dilip Balkishan Porwal Whole Time Director Independent Director He is a young entrepreneur, with He has extensive experience and expertise in specialization in production and has 26+ the financial services sector and has expertise years of exper
Slide 23: Management
MANAGEMENT OUR TEAM Mr. Shriniwas Shivraj Bhattad Mr. Basant Kishangopal Porwal Independent Director Independent Director He is a Chartered Accountant and has He is a B. Tech Mechanical Engineer and extensive experience and expertise in the has extensive experience and expertise in financial service
Slide 24: Management
MANAGEMENT OUR TEAM Mr. Anil Kumar Kabra Mr. Rajiv Mahajan Independent Director Independent Director He has extensive experience and expertise in He is a Certified Associate of Indian Institute of Bankers the financial services sector and has (CAIIB). He has also done his post graduation in philosop
Slide 25: Management
MANAGEMENT OUR TEAM Mrs. Pallavi Laddha Mr. Raj Kumar Chechani Mr. Kamesh Shri Shri Mal Whole Time Director Chief Financial Officer Company Secretary She is the Promoter and Whole Time He is a Chartered Accountant and has 11 He is Company Secretary and Director and Chairman of Internal Complaint Yea
Slide 26: Snapshot Q2 2024
Snapshot Q2 2024 Total Income EBITDA Margin (%) PAT Margin (%) INR 13,348.07 Lakhs 7.77% 2.02% Stock Price Moment 200 150 100 50 0 22 22 3 3 23 3 2 2 22 2 3 3 22 22 3 23 22 3 g2 p2 r2 g2 p2 r2 n2 n2 l2 b2 ne ay ly ay ov ec ct ar Ap Ju Ap Au Au Se Se Ja Ju Fe Ju O M M M Ju D N Key Market Statistics (
Slide 27: Quarterly Key Ratios
QUARTERLY KEY RATIOS REVENUE The revenue has declined from 20,157.11 lakhs in Q2 FY23 to 13,340.92 lakhs in Q2 2024. The Company has experienced 51.09% decline in revenue growth. The management has successfully 20,157.11 13,340.92 maintained healthy growth in EBIT & Net Profit Margins. Revenue (in l
Slide 28: Half Yearly Key Ratios
HALF YEARLY KEY RATIOS REVENUE The revenue has declined from 37,865.53 lakhs in H1 FY23 to 27,381.41 lakhs in H1 2024. The Company has experienced a revenue degrowth of 27.69%. The management has successfully 37,865.53 27,381.41 demonstrating healthy growth in EBIT & Net Profit Margins. H1FY23 H1FY2
Slide 29: Margin Ratios
MARGIN RATIOS 70,000 REVENUE 60,000 50,000 The Company has experienced robust revenue 40,000 growth with 29.60% compounded annually 30,000 growth over the last 3 years. The management also has successfully maintained healthy 20,000 growth in EBIT & Net Profit Margins. 10,000 32,126.02 58,988.16 69,9
Slide 30: Return Ratios
RETURN RATIOS NET WORTH & RONW 20% 12,000 Return Ratios measures how effectively an 10,000 15% investment is being managed by the 8,000 company so that highest possible return is 6,000 10% generated on the investment. The 11.17% 4.48% 11.36% company has demonstrated sharp increase 4,000 5% in its RO
Slide 31: Strong Financial: Key Ratios
STRONG FINANCIAL: KEY RATIOS CURRENT RATIO INTEREST COVERAGE TOTAL DEBT/EBITDA 2 2.5 3 2.5 2 1.5 2 1.5 1 1.5 1 1 0.5 1.55x 1.34x 1.52x 1.60x 2.36x 2.12x 2.65x 2.45x 1.77x 0.5 0.5 0 0 0 FY2021 FY2022 FY2023 FY2021 FY2022 FY2023 FY2021 FY2022 FY2023 Current Ratio (in times) Interest Coverage Ratio (in
Slide 32: 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 33: Quarterly & Half Yearly Highlights
QUARTERLY & HALF YEARLY HIGHLIGHTS & Rs. in Lakhs Quarter Ended Half Year Ended Particulars Q2 FY23 Q1 FY24 Q2 FY24 H1 FY23 H1 FY24 1) Revenue from Operations 20,157.11 14,040.49 13,340.92 37,865.53 27,381.41 2) Other Income 2.30 18.82 7.15 3.01 25.97 3) TOTAL REVENUE (1+2) 20,159.41 14,059.31 13,34
Slide 34: Profit & Loss Statement
PROFIT & LOSS STATEMENT Rs. in Lakhs Particulars FY2021 FY2022 FY2023 1) Revenue from Operations 32,125.30 58,953.15 69,887.88 2) Other Income 0.72 35.01 35.01 3) TOTAL REVENUE (1+2) 32,126.02 58,988.16 69,922.92 4) Direct Expenditure (a) Cost of Materials Consumed 20,376.13 37,665.19 47,768.07 (b)
Slide 35: Balance Sheet
BALANCE SHEET Rs. in Lakhs Rs. in Lakhs Particulars 2021 2022 2023 Particulars 2021 2022 2023 II. ASSETS I. EQUITY AND LIABILITIES 1. Non-Current Assets 1. Shareholder’s Funds (a) Plant, Property & Equipment 5,628.26 5,600.11 6,620.22 (a) Share Capital 1,468.34 1,468.34 1,804.87 (b) Capital work in
Slide 36: Capital Structure
Shareholding Pattern as on 30th September, 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 ( Capital) (in Lakhs) 200 2000.00 200 2000.00 Equity Shares of Rs. 10 each Issued,
Slide 37: 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 38: 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 39: Awards & Recognitions
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Slide 40: 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 41: 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 42: Thank You
THANK THANK YOU YOU Mr. YOGESH LADDHA Investor Relations Promoter And Managing Director NNM Nextgen Advisory Pvt. Ltd. Mr. Nikunj Mittal/ Research Team REGISTERED OFFICE: 32 Heera Panna Market, Pur Road, nikunj@nnmsecurities.com Bhilwara 311001, Rajasthan, INDIA researchteam@cokaco.com yogesh@manoma