Minaxi Textiles (BSE: MINAXI) had a P/E of 58.5× on 6 Nov 2026, above the industry P/E of 17.0×, and the shares are 40% below their 52-week high. Its ROCE of 30% is the highest among the 7 largest Textile Manufacturing peers, and sales fell 5.6% a year over 3 years. Debt is 2.90× equity. It is a small-cap company with a market cap of ₹5.78 Cr, ranked 239th of 246 Textile Manufacturing companies by market cap; the shares fell 29% over the past year.
- ₹1.36
- ₹1.36
- ₹1.17
- ₹1.27
- 869
Health check
- ReturnsBehind
−28.7% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 58.5 vs industry 17.0.
- GrowthShrinking
Sales −5.6% a year over 3 years.
- ProfitabilityStrong
ROCE 30.4% vs peer median 10.7%.
- Balance sheetStretched
Debt 2.90× equity, interest covered 3.5×, Piotroski 6 of 9.
- Red flags5 to check
Debt is 2.90× equity.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹5.78 Cr
- Small cap
- P/E
- 58.5
- Industry 17.0
- Price to book
- 1.38
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- 54.8%
- Peers 10.1%
- ROCE
- 30.4%
- Peers 10.7%
- Debt to equity
- 2.90
- Debt ₹12 Cr
- EPS (TTM)
- ₹0.02
- OPM (TTM)
- 6.8%
- Net margin 0.2%
- Sales growth
- +9.7%
- Latest quarter vs a year ago
- Profit growth
- −94.4%
- Latest quarter vs a year ago
- Price to sales
- 0.24
- EV/EBITDA 11.6
Strengths and risks
Strengths
- Return on equity of 54.8%.
- Return on capital employed of 30.4%.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Debt is 2.90× equity.
- Quarterly profit down 94.4% on a year ago.
- P/E of 58.5 against an industry P/E of 17.0.
- 40% below its 52-week high.
- Interest coverage of only 0.9×.
About Minaxi Textiles
Minaxi Textiles Limited engages in weaving, manufacturing, and selling cotton and cotton mixture fabrics in India. It offers suiting lycra fabric, cotton quilts, broken twill fabric, and satin fabric. The company is also involved in weaving synthetic grey cloth of suiting and shirting; and the supply of uniform to government and semi-government departments. In addition, it offers suiting products, such as fancy suiting fabrics. Minaxi Textiles Limited was…
- Headquarters
- Gandhinagar
- Employees
- 17
- Sector
- Consumer Cyclical
- ISIN
- INE952C01028
- Website
- minaxitextiles.com
Price range
- Avg volume (3M)
- 12.4K
- 1-year return
- minus 28.7%
- From 52-week high
- minus 40.0%
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% |
| MINAXIMinaxi Textiles | 1.17 | minus 7.87% | 6 | 58.5 | 1.38 | 30.4% | 54.8% | 6.8% | −5.6% | – | 0.00% | minus 28.7% |
| 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 |
|---|---|---|---|---|---|
| 5.4 | 7 | 4.5 | 6.2 | 5.9 | |
| 5.5 | 6.8 | 4.5 | 5.4 | 5.4 | |
| −0.2 | 0.3 | 0 | 0.8 | 0.5 | |
| −3.3% | 3.6% | 0.5% | 13.3% | 8.6% | |
| 3 | 0 | 0 | 0 | 0 | |
| 0.3 | 0.3 | 0.2 | 0.2 | 0.3 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 2.5 | −0.2 | −0.3 | 0.5 | 0.1 | |
| 25.2% | 13.3% | 22.7% | 27.4% | 25.2% | |
| 1.8 | −0.2 | −0.3 | 0.4 | 0.1 | |
| 0.37 | -0.03 | -0.05 | 0.08 | 0.02 |
Profit & loss
- Sales CAGR 3Y
- −5.6%
- ROE
- 54.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 27 | 33.1 | 28.5 | 22.7 | |
| – | +22.7% | minus 13.8% | minus 20.6% | |
| 32.5 | 35.9 | 27.7 | 21.7 | |
| −5.6 | −2.8 | 0.9 | 0.9 | |
| −20.6% | −8.6% | 3.0% | 4.1% | |
| −0 | −0 | 0 | −0.1 | |
| 2.1 | 1.2 | 1.6 | 1 | |
| 0.6 | 0.6 | 0.5 | 0.4 | |
| 0 | 0.8 | 0.5 | 3 | |
| −8.3 | −3.8 | −0.7 | 2.4 | |
| 25.2% | 19.0% | 23.7% | 26.9% | |
| −6.2 | −3.1 | −0.5 | 1.8 | |
| -1.26 | -0.63 | -0.11 | 0.36 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4.9 | 4.9 | 4.9 | 4.9 | |
| 1 | −2.1 | −2.6 | −0.7 | |
| 20.4 | 16.9 | 14.3 | 12.2 | |
| 10 | 5.6 | 4.9 | 5.6 | |
| 36.3 | 25.3 | 21.6 | 22 | |
| 8.2 | 7.6 | 6.9 | 6.6 | |
| – | – | – | 0.3 | |
| 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | |
| 28.1 | 17.6 | 14.7 | 15.1 | |
| 36.3 | 25.3 | 21.6 | 22 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.9 | 4.7 | 3.4 | 0.3 | |
| 0 | 0 | 0.8 | 2.9 | |
| −3.1 | −4.8 | −4.2 | −3.3 | |
| −0.1 | −0 | 0 | −0 | |
| −0 | – | −0.1 | −0.3 | |
| 2.9 | 4.7 | 3.3 | 0 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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