MORARJEE
Morarjee Textiles Limited
Morarjee Textiles Limited (MORARJEE) financial statements and selected valuation metrics through 31 March 2024.
Consumer Discretionary›Textiles›Textiles & Apparels›Other Textile Products
Key metrics
Price as of 2026-10-16
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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What you need to know
Morarjee Textiles is a Mumbai-based company in the other textile products industry that has just come out of insolvency, with the Mumbai bench of the National Company Law Tribunal (NCLT) approving a ₹156 crore resolution plan from Shriniwas Spintex Industries, a cotton-yarn spinner, on 11 May 2026.
Company snapshot
97thBy market cap
Ranked among 100 companies in Other Textile Products.
What we see
- ✓186% of operating profit came in as cash over the last three years — profits are backed by real cash.
- ✗Net margin is negative — the company is spending more than it earns right now.
Statement tables · Standalone
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 57 Cr | 58 Cr | 77 Cr | 80 Cr | 45 Cr | 52 Cr | 59 Cr | 51 Cr | 11 Cr | 0 Cr | 9 Cr | 13 Cr |
| Operating expenses (approx.) | 54 Cr | 61 Cr | 73 Cr | 78 Cr | 60 Cr | 65 Cr | 70 Cr | 65 Cr | 21 Cr | -6 Cr | 15 Cr | 26 Cr |
| EBITDA | 3 Cr | -3 Cr | 4 Cr | 2 Cr | -15 Cr | -13 Cr | -11 Cr | -13 Cr | -10 Cr | 6 Cr | -6 Cr | -12 Cr |
| OPM % | 4.4% | -4.5% | 5.7% | 2.1% | -33.8% | -24.4% | -18.7% | -25.9% | -95.3% | — | -63.1% | -94.1% |
| Other income | 0.93 Cr | 0.12 Cr | 0.07 Cr | 0.06 Cr | 0.31 Cr | 0.34 Cr | 0.38 Cr | 0.27 Cr | 9 Cr | 0.24 Cr | 0.25 Cr | 0.33 Cr |
| Interest | 17 Cr | 17 Cr | 19 Cr | 20 Cr | 20 Cr | 21 Cr | 22 Cr | 17 Cr | 21 Cr | 22 Cr | 20 Cr | 88 Cr |
| Depreciation | 6 Cr | 6 Cr | 6 Cr | 6 Cr | 6 Cr | 6 Cr | 6 Cr | 5 Cr | 5 Cr | 5 Cr | 5 Cr | 5 Cr |
| Profit before tax | -19 Cr | -25 Cr | -20 Cr | -24 Cr | -40 Cr | -39 Cr | -39 Cr | -68 Cr | -37 Cr | -28 Cr | -31 Cr | -105 Cr |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -0.1% | 0.0% | -0.6% | 0.0% | -0.5% |
| Net profit | -19 Cr | -25 Cr | -20 Cr | -24 Cr | -40 Cr | -39 Cr | -39 Cr | -68 Cr | -37 Cr | -28 Cr | -31 Cr | -106 Cr |
| EPS (₹) | ₹-5.32 | ₹-6.96 | ₹-5.46 | ₹-6.52 | ₹-11.14 | ₹-10.62 | ₹-10.63 | ₹-18.65 | ₹-10.15 | ₹-7.75 | ₹-8.44 | ₹-29.06 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 378 Cr | 361 Cr | 349 Cr | 382 Cr | 194 Cr | 272 Cr | 207 Cr | 33 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 316 Cr | 292 Cr | 307 Cr | 340 Cr | 191 Cr | 266 Cr | 259 Cr | 55 Cr | Sign in free for the trailing twelve months |
| EBITDA | 62 Cr | 69 Cr | 41 Cr | 42 Cr | 3 Cr | 6 Cr | -52 Cr | -22 Cr | Sign in free for the trailing twelve months |
| OPM % | 16.4% | 19.0% | 11.8% | 11.0% | 1.4% | 2.2% | -25.1% | -68.2% | Sign in free for the trailing twelve months |
| Other income | 7 Cr | 6 Cr | 2 Cr | 2 Cr | 1 Cr | 1 Cr | 1 Cr | 9 Cr | Sign in free for the trailing twelve months |
| Interest | 39 Cr | 51 Cr | 54 Cr | 57 Cr | 55 Cr | 72 Cr | 80 Cr | 150 Cr | Sign in free for the trailing twelve months |
| Depreciation | 19 Cr | 23 Cr | 23 Cr | 24 Cr | 23 Cr | 23 Cr | 22 Cr | 21 Cr | Sign in free for the trailing twelve months |
| Profit before tax | 10 Cr | 0.82 Cr | -34 Cr | -37 Cr | -74 Cr | -88 Cr | -185 Cr | -201 Cr | Sign in free for the trailing twelve months |
| Tax % | -14.2% | 50.0% | 28.8% | 29.3% | 16.7% | 0.0% | -0.0% | -0.4% | Sign in free for the trailing twelve months |
| Net profit | 12 Cr | 0.41 Cr | -24 Cr | -26 Cr | -62 Cr | -88 Cr | -185 Cr | -201 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹3.25 | ₹0.11 | ₹-6.74 | ₹-7.18 | ₹-16.96 | ₹-24.25 | ₹-51.03 | ₹-55.40 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | — | — | — | Sign in free for the trailing twelve months |
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 25 Cr | 25 Cr | 25 Cr | 25 Cr | 25 Cr | 25 Cr | 25 Cr | 25 Cr |
| Reserves | 88 Cr | 82 Cr | 58 Cr | 32 Cr | -30 Cr | -119 Cr | -304 Cr | -505 Cr |
| Borrowings | 435 Cr | 481 Cr | 454 Cr | 327 Cr | 516 Cr | 525 Cr | 515 Cr | 506 Cr |
| Other liabilities | 190 Cr | 145 Cr | 186 Cr | 301 Cr | 145 Cr | 195 Cr | 267 Cr | 415 Cr |
| Total liabilities | 738 Cr | 733 Cr | 722 Cr | 685 Cr | 657 Cr | 627 Cr | 504 Cr | 441 Cr |
| Fixed assets (net) | 510 Cr | 497 Cr | 475 Cr | 453 Cr | 431 Cr | 409 Cr | 387 Cr | 366 Cr |
| CWIP | 3 Cr | — | — | — | — | — | — | 0 Cr |
| Investments | 5 Cr | 5 Cr | 5 Cr | 0.65 Cr | 0.65 Cr | 0.65 Cr | 0.45 Cr | 0.14 Cr |
| Loans & advances | — | — | — | — | — | — | 0.03 Cr | 20 Cr |
| Inventories | 99 Cr | 104 Cr | 105 Cr | 85 Cr | 64 Cr | 66 Cr | 33 Cr | 16 Cr |
| Trade receivables | 61 Cr | 54 Cr | 41 Cr | 35 Cr | 35 Cr | 21 Cr | 5 Cr | 2 Cr |
| Cash & bank | 0.57 Cr | 2 Cr | 6 Cr | 0.27 Cr | 5 Cr | 17 Cr | 2 Cr | 4 Cr |
| Other assets | 59 Cr | 71 Cr | 90 Cr | 110 Cr | 121 Cr | 114 Cr | 76 Cr | 32 Cr |
| Total assets | 738 Cr | 733 Cr | 722 Cr | 685 Cr | 657 Cr | 627 Cr | 504 Cr | 441 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 61 Cr | 53 Cr | 70 Cr | 175 Cr | -98 Cr | 18 Cr | 7 Cr | 3 Cr |
| Cash from investing | -135 Cr | -8 Cr | -1 Cr | 6 Cr | -0.37 Cr | -0.10 Cr | -0.15 Cr | 2 Cr |
| Cash from financing | 74 Cr | -43 Cr | -65 Cr | -187 Cr | 103 Cr | -6 Cr | -22 Cr | -3 Cr |
| Net cash flow | 0.05 Cr | 2 Cr | 4 Cr | -6 Cr | 5 Cr | 12 Cr | -14 Cr | 2 Cr |
| Free cash flow (OCF − Capex) | -82 Cr | 47 Cr | 68 Cr | 175 Cr | -99 Cr | 18 Cr | 7 Cr | 3 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|
| ROCE % | 9.1% | 8.9% | 3.6% | 5.2% | — | — | -31.3% |
| ROE % | 10.6% | 0.4% | -29.5% | -46.5% | — | — | — |
| Debtor days | 58 | 54 | 43 | 34 | 67 | 28 | 9 |
| Inventory days | 278 | 356 | 342 | 234 | 405 | 209 | 137 |
| Days payable | 220 | 213 | 302 | 243 | 530 | 241 | 338 |
| Cash conversion cycle | 117 | 197 | 83 | 24 | -58 | -5 | -192 |
| OCF / EBITDA % | 98.4% | 76.7% | 170.5% | 415.2% | n.m. | n.m. | — |
| OCF / EBITDA % (3 years) | — | — | 107.0% | 196.0% | 171.0% | 186.1% | — |
| Debt / equity | 3.83 | 4.46 | 5.44 | 5.75 | — | — | — |
| Current ratio | 0.75 | 0.98 | 0.80 | 0.56 | 0.47 | 0.34 | 0.12 |
| Net debt / EBITDA | 7.02 | — | — | — | — | — | — |