On 6 Nov 2026, Manomay Tex India was priced at ₹247.65, or 22.2× trailing earnings, against an industry P/E of 17.0×. It earns ROCE of 17% and ROE of 12%, and sales and net profit grew 0.8% and 15% a year over 3 years. Debt is 2.03× equity. It is a small-cap company with a market cap of ₹447 Cr, ranked 54th of 246 Textile Manufacturing companies by market cap; the shares rose 17% over the past year.
- ₹247.90
- ₹248.38
- ₹242.05
- ₹247.08
- 1.1 L
Health check
- ReturnsIn line
+16.8% over a year, better than 3 of 7 peers.
- Price tagPricier
P/E 22.2 vs industry 17.0.
- GrowthSteady
Sales +0.8%, profit +14.9% a year over 3 years.
- ProfitabilityAverage
ROCE 16.5% vs peer median 10.7%.
- Balance sheetStretched
Debt 2.03× equity, interest covered 1.8×, Piotroski 5 of 9.
- Red flags2 to check
Debt is 2.03× equity.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹447 Cr
- Small cap
- P/E
- 22.2
- Industry 17.0
- Price to book
- 2.61
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- 12.3%
- Peers 10.1%
- ROCE
- 16.5%
- Peers 10.7%
- Debt to equity
- 2.03
- Debt ₹348 Cr
- EPS (TTM)
- ₹11.16
- Face value ₹10
- OPM (TTM)
- 11.3%
- Net margin 2.7%
- Sales growth
- +20.5%
- Latest quarter vs a year ago
- Profit growth
- +11.3%
- Latest quarter vs a year ago
- Price to sales
- 0.60
- EV/EBITDA 9.5
Strengths and risks
Strengths
- Quarterly sales up 20.5% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Debt is 2.03× equity.
- Interest coverage of only 2.7×.
About Manomay Tex India
Manomay Tex India Limited manufactures and sells denims and denim fabrics in India and internationally. It also offers cotton yarn/textured yarn. The company exports its products to Colombia, Mexico, Egypt, Chile, Venezuela, Paraguay, Guatemala, Peru, Ecuador, Lebanon, Bangladesh, Argentina, Bolivia, Morocco, the United States, and Zimbabwe. Manomay Tex India Limited was founded in 1978 and is based in Bhilwara, India.
- Headquarters
- Bhilwara
- Employees
- 1,165
- Sector
- Consumer Cyclical
- ISIN
- INE784W01015
- Website
- manomaytexindia.com
Price range
- Avg volume (3M)
- 2 L
- 1-year return
- plus 16.8%
- From 52-week high
- minus 4.7%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 14.3 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.98% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.91% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.09% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.31% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.26% | minus 3.9% |
| MANOMAYManomay Tex India | 247.65 | plus 0.23% | 447 | 22.2 | 2.61 | 16.5% | 12.3% | 11.3% | 0.8% | 14.9% | 0.00% | plus 16.8% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.91% | 22.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 164 | 166 | 177 | 204 | 198 | |
| 144 | 144 | 157 | 182 | 178 | |
| 20.3 | 22.6 | 19.6 | 21.9 | 19.8 | |
| 12.4% | 13.6% | 11.1% | 10.7% | 10.0% | |
| 0.2 | 0.1 | 0.3 | 0.9 | 0.1 | |
| 7.6 | 8 | 6.3 | 9 | 6.2 | |
| 7.1 | 7.3 | 7.4 | 7.3 | 7 | |
| 5.9 | 7.4 | 6.1 | 6.5 | 6.6 | |
| 25.2% | 25.1% | 24.8% | 22.9% | 25.4% | |
| 4.4 | 5.6 | 4.6 | 5 | 5 | |
| 2.46 | 3.09 | 2.56 | 2.77 | 2.74 |
Profit & loss
- Sales CAGR 3Y
- +0.8%
- Profit CAGR 3Y
- +14.9%
- EPS CAGR 3Y
- +7.7%
- ROE
- 12.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 675 | 565 | 672 | 691 | |
| – | minus 16.3% | +19.0% | +2.8% | |
| 633 | 520 | 590 | 609 | |
| 42 | 44.6 | 82 | 82.9 | |
| 6.2% | 7.9% | 12.2% | 12.0% | |
| 0.3 | 4.9 | 5.1 | 3 | |
| 14.3 | 17.8 | 31.8 | 30.8 | |
| 11.7 | 14.8 | 29.4 | 29.1 | |
| −0 | 0 | – | 0 | |
| 16.1 | 16.9 | 25.9 | 26 | |
| 19.6% | 23.2% | 25.6% | 24.5% | |
| 13 | 13 | 19.3 | 19.6 | |
| – | +0.4% | +48.1% | +2.0% | |
| 8.72 | 7.20 | 10.67 | 10.88 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 18 | 18 | 18 | 18 | |
| 97.9 | 111 | 130 | 153 | |
| 145 | 300 | 329 | 348 | |
| 132 | 155 | 141 | 157 | |
| 393 | 584 | 618 | 676 | |
| 87.3 | 217 | 209 | 200 | |
| 21.1 | 0 | 9.3 | 0 | |
| 3 | 0.3 | 18.3 | 18.1 | |
| 24 | 20.7 | 1.9 | 0.5 | |
| 258 | 346 | 380 | 457 | |
| 393 | 584 | 618 | 676 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.7 | 12.8 | 4.2 | 25.9 | |
| −22.9 | −163 | −3.2 | −15.8 | |
| 25 | 138 | −1.8 | −10 | |
| 13.8 | −13 | −0.8 | 0.1 | |
| −15.3 | −154 | −21.1 | −20.7 | |
| −3.6 | −141 | −17 | 5.3 |
Shareholding pattern
- Promoters57.31%
- Public42.69%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 57.31% | 42.69% | 0.00 | |
| 30 Jun 2026 | 57.31% | 42.69% | 0.00 | |
| 31 Mar 2026 | 57.31% | 42.69% | 0.00 | |
| 31 Dec 2025 | 57.31% | 42.69% | 0.00 | |
| 30 Sep 2025 | 57.31% | 42.69% | – |
Major shareholders
Filings & events
News
No recent news coverage found.