Manomay Tex India Ltd. · NSE:MANOMAY
Manomay Tex India — Q3 FY23 Earnings Presentation
47 slides from Manomay Tex India's earnings presentation, Apr 8, 2023
Slide 1: Investor Presentation Q3 FY23 / 9M FY23
INVESTOR PRESENTATION Q3 FY23/ 9M FY23
Slide 2: Vision, Values, Mission
VISION We Believe : ‘Together Everyone achieves more’ We are here to invest in our relations with people & for people. VALUES ‘No legacy is so rich as honesty’ Upper quoted one line is enough to describe our values. On the road of respect, honesty & integrity are always awarded & we are committed wi
Slide 3: Manomay - Bird's Eye View
MANOMAY - BIRD'S EYE VIEW ISO 9001:2015 & Sustainable ISO 14001:2015 Business Model & certified company. Experienced Team. Denim Plant in Rajasthan has a Ventured into 14+ production capacity of 48 million meters / international annum. markets. ZLD (Zero Liquid We have an integrated Discharge) & ETP
Slide 4: Our Journey
OUR JOURNEY Established as Dhanlaxmi The foundation of Dhanlaxmi Renamed Mahalaxmi Group, specializing in a Weaving, specializing in wide Synthetics to Citifab wide range of Tex fabrics range of Cotton Dhoties Suitings Graduated from Dhanlaxmi group to Started the marketing of Dhanlaxmi Synthetics,
Slide 5: Our Journey
OUR JOURNEY Embarked on a new Made a remarkable entry in journey with a new plant the world of denims with a of weaving established in new and grand plant at Village Tradal Gangrar Dist- Chittorgarh Expansion of our production Ichalkaranji. A Production with wide range of Denim capacity, established
Slide 6: Our Journey
OUR JOURNEY During the year Company installed TSUDAKOMA BRAND NEW AUTOMATIC SHUTTLELESS ZAX001NEO AIR JET LOOMS-36 The company applied for Sets, at Plant site situated at Aaraji registration of 1.1 MW Solar PV Got listed its equity shares No.5,6,7 Gram-Jojro Ka Khera Tehsil- power project at plant A
Slide 7: Manufacturing Process
MANUFACTURING PROCESS 1 2 3 4 5 MANOMAY RAW MATERIAL WARPING SIZING LOOM INDUSTRY YARN
Slide 8: Manufacturing Process
MANUFACTURING PROCESS 6 7 8 9 FOLDING / ROLL / FINISHING DISPATCH CHECKING PACKAGING
Slide 9: Products Segments
PRODUCTS SEGMENTS KNITT DOBBY A diagonal ribbing pattern denim with heavy weight. 2/1 Twill Very similar to 3/1 Basic DOBBY Weave, 2/1 is just two Denim that’s produced on warp threads for every loom, characterized by weft thread, mainly used small geometric pattern for light weight denim. and extra
Slide 10: Manufacturing Capacity & Process Details: Warping
MANUFACTURING CAPACITY & PROCESS DETAILS 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. WARPING a) Warping is the
Slide 11: Manufacturing Capacity & Process Details: High Air Jet Looms
MANUFACTURING CAPACITY & PROCESS DETAILS HIGH AIR JET LOOMS HIGH AIR JET LOOMS a)These are the main weaving machines. b)Installation of latest high air jet looms with wider width and dobby, TSUDOKAMA - 115 LOOMS. c)We carry out job work on approximately 200 LOOMS. HIGH SPEED GAS a)Singeing machine:
Slide 12: Manufacturing Capacity & Process Details: Finishing Range
MANUFACTURING CAPACITY & PROCESS DETAILS FINISHING RANGE HIGH AIR JET LOOMS a)Finishing processes comprises of washing, bleaching, dyeing and coating on textiles following weaving. b)We have four finishing machines. c)Finishing machine with built-in weft straightener and 4 million capacity. INSPECTI
Slide 13: Our Markets
OUR MARKETS Domestically, we trade throughout INDIA, primarily in major cities like New Delhi, Mumbai, New Delhi Kolkata, Ahmedabad, Ludhiana, Indore, Kanpur, Ludhiana Hathras Bellary, Hathras, Ulhasnagar, Bhilwara and Kanpur Bhilwara Bhavnagar. Indore Ahmedabad Bhavnagar Kolkata 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. LEBANON USA BANGLADESH MOROCCO MEXICO COLUMBIA GUATEMALA ECUADOR VENEZUELA PERU EGYPT CHILE PARAG
Slide 15: Market Size
MARKET SIZE Indian Denim Market The Indian Denim Domestic Market has been growing at an average CAGR of 8-9% for the past several years and is predicted to reach US $ 12.27 billion by 2028. 1,600 million meters per year India’s denim fabric installed capacity 50 Denim fabric mills operating in India
Slide 16: Growth Factors
GROWTH FACTORS The growing denim market, both internationally and nationally, is the main reason why 1 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
Slide 17: 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 18: Growth Opportunities
GROWTH OPPORTUNITIES 1. The government has approved the proposal for the creation of National Technical Textiles Mission (NTTM) for a period of four years (2020-21 to 2023-24) with an outlay of Rs. 1,480 crore. 2. The Scheme for Capacity Building in Textile Sector (SAMARTH) to address the shortage o
Slide 19: SWOT Analysis
SWOT ANALYSIS Integrated Manufacturing Facility Increase in mid-market / value shops. Our Experienced Management Price fluctuations to keep up with Locational Advantage changing demands & trends. Qualitative Products Scarcity of trained labour. Existing relationship with the clients Increase in unit
Slide 20: 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 21: Weaknesses
WEAKNESSES 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 b
Slide 22: 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 23: 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 24: Meet Our Team
MEET OUR TEAM MR. KAILASHCHANDRA HIRALAL LADDHA, CHAIRMAN He has 45 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 management MIS, administration, vendor management, and team build
Slide 25: Meet Our Team
MEET OUR TEAM MR. KAMLESH KAILASHCHAND LADHA, WHOLE TIME DIRECTOR He is a young entrepreneur, with specialization in production and has 25 years of experience behind him. He is looking after day to day activities of production of the company and has vast experience in handling and controlling of var
Slide 26: Meet Our Team
MEET OUR TEAM MR. DILIP BALKISHAN PORWAL INDEPENDENT DIRECTOR He has extensive experience and expertise in the financial services sector and has expertise in the fields of finance, law, management, sales, marketing, administration, research, corporate governance, technical operations or other discip
Slide 27: Meet Our Team
MEET OUR TEAM MR. SANDEEP KUMAR MANIYAR, INDEPENDENT DIRECTOR He is a Qualified Chartered Accountant, Company secretary, and Cost management accountant . He is an Independent director of our company. He is a member of Nomination and remuneration committee of our company. He is a versatile and result
Slide 28: Meet Our Team
MEET OUR TEAM MR. RAJ KUMAR CHECHANI, CHIEF FINANCIAL OFFICER He is a Chartered Accountant and has 9 Years of Vast Experience in the field of Accounts. He is responsible for all the compliances relating to accounting and financial matters, income tax matters and other related matters under various a
Slide 29: Snapshot Q3 FY23
SNAPSHOT Q3 FY23 Total Income EBITDA Margin PBT Margin ₹ 15,215 Lakhs 6.43% 2.19% Key Market Statistics (30th December 2022) Stock Price Movement 100 92 Market Capital 137 Cr 75 69 Face Value ₹ 10 / share 57 72.25 65 50 BSE Code 540396 32 25 33 Current Price 93 30 52 Week High / Low 104/48 0 21 1 1
Slide 30: Margin Ratios
MARGIN RATIOS TOTAL REVENUE (₹ IN lAKH) 60,000 The Revenue rose by 39.84% from Rs. 37,958.21 Lakhs in 9M FY22 to Rs. 53,082.14 lakhs in 9M FY23. 40,000 Profit after Tax (PAT) including Other Comprehensive 20,000 Income at Rs 811.78 lakhs for 9M FY23 increased by 84.85% as compared to Rs. 439.17 lakh
Slide 31: Margin Ratios
MARGIN RATIOS 4.50 % 1,000 1.80 % 2,500 4.00% 1.67% 3.93% 1.53% 4.00 % 1.60 % 3.49% 1.31% 2,000 3.50 % 1.40 % 750 3.42% 3.00 % 1.20 % 3.32% 1,500 2.50 % 0.86% 1.16% 1.00 % 500 2.00 % 0.80 % 1,000 1.50 % 0.60 % 1.00 % 250 0.40 % 500 ₹ 1065.34 ₹ 2054.64 ₹ 1296.56 ₹ 2127.63 0.50 % ₹ 677.75 ₹ 275.47 ₹ 7
Slide 32: Strong Financials - Key Ratios
STRONG FINANCIALS - KEY RATIOS Current Ratio (Times) Interest Coverage (Times) Total Debt / EBITDA 2 2.5 6 2.41 2 5.32 1.5 4.76 1.55 1.87 4 1.39 1.42 1.5 1.60 1 3.40 1 2 0.5 0.5 0 0 0 FY 2020 FY 2021 FY 2022 FY 2020 FY 2021 FY 2022 FY 2020 FY 2021 FY 2022 The Current ratio has been The interest cove
Slide 33: Strong Financials - Quarterly Key Ratios
STRONG FINANCIALS -QUARTERLY KEY RATIOS Revenue rose by 8.09% from Rs.14,076.90 lakhs in Q3 FY2022 to Rs.15,215.68 lakhs in Q3 FY2023. 20,000 800 5.60% 400 2.50 5.37 % 5.40% 2.28% 15,000 2.00 600 5.20% 300 1.64 % 5.00% 1.50 10,000 400 4.80% 200 4.60% 1.00 5,000 200 4.53 % 4.40% 100 0.50 ₹ 14076.89 ₹
Slide 34: Return Ratios
RETURN RATIOS 7,500 11.19% 14.00% Return Ratios measures how effectively an 11.55 % 12.00% investment is being managed by the company so 5,000 10.00% that highest possible return is generated on the 8.00% 2,500 6.00% 4.48% investment. The above three return ratios: ROE, ₹ 5866.88 ₹ 6142.35 ₹ 6904.48
Slide 35: Return Ratios
RETURN RATIOS 40,000 4.00 % 15,000 3.39 % 3.50 % 20.00 % 14.11 % 3.00 % 15.72 % 30,000 10,000 15.00 % 2.50 % 2.50 % 20,000 2.00 % 10.00 % 1.28 % 1.50 % 5,000 9.39 % 10,000 1.00 % 5.00 % ₹ 19978.04 ₹ 21468.09 ₹ 30935.34 0.50 % ₹ 10142.39 ₹ 11350.66 ₹ 14560.98 0 0.00 % 0 0.00 % FY 2020 FY 2021 FY 2022
Slide 36: Efficiency Ratios
EFFICIENCY RATIOS FY 2022 FY 2021 FY 2020 Performance is quite favourable on operational front. 5.51 Payable Turnover (Times) 4.25 The company has been performing well, in terms of 4.86 industry parameters. The company has been on 5.91 Receivable Turnover (Times) 4.77 favourable terms with debtors a
Slide 37: Quarterly Highlights (P&L)
QUARTERLY HIGHLIGHTS (P&L) PARTICULARS Q3 FY22 Q3FY23 YOY CHANGE 1) Revenue from Operations 14,072.64 15,201.86 8.02% 2) Other Income 4.26 13.82 224.41% 3) TOTAL REVENUE (1+2) 14,076.89 15,215.68 8.09% 4) Direct Expenditure (a) Cost of Materials Consumed 9,337.28 10,070.31 7.85% (b) Purchase of Trad
Slide 38: Profit & Loss Statement
PROFIT & LOSS STATEMENT RS. IN LACS. PARTICULARS FY2021 FY2022 9M FY22 9M FY23 1) Revenue from Operations 32,125.30 58,920.29 37,974.61 53,067.39 2) Other Income 0.72 3.48 -16.40 14.75 3) TOTAL REVENUE (142) 32,126.02 58,923.77 37,958.21 53,082.14 4) Direct Expenditure {a) Cost of Materials Consumed
Slide 39: Balance Sheet
BALANCE SHEET RS. IN LACS RS, IN LACS PARTICULARS 2020 2021 2022 H1FY23 PARTICULARS 2020 2021 2022 H1 FY23 ASSETS ll. SHAREHOLDER'S FUNDS (a) Plant, Property & Equipment (a) Share Capital 1,468.34 | 1,468.34 | 1,468.34 | 14,68.34 (ijTangible Assets (b) Reserve & Surplus 4,398.54 | 4674.01 | 5,436.14
Slide 40: Capital Structure
CAPITAL STRUCTURE NUMBER IN LAKHS NUMBER IN LAKHS ₹ in lakhs AUTHORISED SHARE 41.57 % CAPITAL AS OF 31st AS OF 31st MARCH AS OF 31st MARCH DECEMBER 2022 2022 2022 SHAREHOLDING PATTERN AS ON Particulars Number Amount Number Amount Number Amount DECEMBER 31, 2022 Authorized Share 150 1,500.00 150 1,50
Slide 41: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY Distribution of Food Facility to Students of Muskan Contribution toward Promoting Shikshan Kendra School, Bhilwara under CSR Education under Muskan Shikshan Activity of Eradicating Hunger. Kendra School, Bhilwara.
Slide 42: Awards and Recognitions
AWARDS AND 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 Text
Slide 43: Awards and Recognitions
AWARDS AND 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 44: Award and Recognitions
AWARD AND 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 E
Slide 45: 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 2029-30 on increment
Slide 46: 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 47: Investor Relations Contact
MR. YOGESH LADDHA INVESTOR RELATIONS PROMOTER AND MANAGING DIRECTOR NNM NEXTGEN ADVISORY PVT. LTD. REGISTERED OFFICE: 32, Heera Panna Market, Pur Road, Mr. Nikunj Mittal | Mr. Nilesh Panchal Bhilwara 311001, Rajasthan, INDIA. +91 1482 - 246983