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MORARJEE

MORARJEE

MORARJEE

Textile - Weaving

25.7

0.00 (0.00%)

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Market Cap94 CrEPS-33.7High27.45
Stock P/E0.0Net Profit Margin-74.2Low23.95
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Morarjee Textiles Price chart

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NSE: Morarjee Textiles

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Performance

Today’s Low

Today’s High

23.95

27.45

52W Low

52W High

16

33.65

Open Price25.7Volume3,384
Prev. Close25.7
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Fundamentals

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Market Cap94 CrROE0.0%
P/E Ratio(TTM)0.0EPS(TTM)-30.1
P/B Ratio-0.5Dividend Yield0.0%
Industry P/E2.6Book Value-47.4
Face Value7.0
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About the Company

Morarjee Textiles (MTL) is a successful member of the diversified Ashok Piramal Group (APG). Carrying forward the legacy of the erstwhile Morarjee Goculdas Spinning & Weaving Co. Ltd since 1871, MTL is among the oldest textile units in the country and was the Ashok Piramal Group's first industrial enterprise when they took over in 1934.

Morarjee Textiles (MTL) is a leading player in the premium shirting fabric business and high fashion printed fabric business for global markets. It has completely integrated manufacturing plants with spinning, weaving, printing, processing and packing facilities. Its products are in the high value niche segment. MTL has two divisions - the shirting division and the printed fabric division.

MTL’s competitive advantage lies in its innovative design, product development and flexible service offering. It makes premium voiles and high fashion printed fabrics for the Middle East, Far East, North African and European markets.

Its customer base is spread across 20 countries around the globe and is growing fast. Today it offers premium cotton shirting fabrics to most of the leading Indian and International brands. MTL also has a 49% stake in Just Textiles Ltd. which is currently engaged in the business of processing various textile fabrics with modern machinery installed at its factory in Ambernath, Mumbai.

To ensure growth and provide value to its stakeholders, MTL has recently entered the garments business in mid 2004 by establishing a subsidiary company - Integra Apparels & Textiles Pvt. Ltd. The business already has an impressive client list and is growing rapidly.

Product range of the company includes:

  • Shirtings- Morarjee Textiles provides shirting fabric to a worldwide audience. It specializes in premium color woven and distinctive finish to fabrics and meet the niche requirements and exacting specifications of its clientele.
  • Fashion- Apart from India, its fashion fabrics find favour with various renowned names from Europe, the US, and Australia. Its core qualities are evident in the array of fabrics in fine counts, 100% cotton satins, and premium voiles.
  • Traditional - Morarjee Textiles caters to the Middle East and African subcontinent along with the conversion centers in Europe and Far East for its traditional ensembles.

Clientele:

Morarjee Textiles Ltd. has left an indelible impression on the global fashion industry. Today, it is  the preferred choice of premium brands such as Polo Ralph Lauren, Eddie Bauer, DKNY, GAP, Paul Smith, Zodiac, Louis Phillipe, Van Heusen, Zara among others.

Parent OrganisationMorarjee Textiles Ltd.Managing Director
Founded1995NSE SymbolMORARJEE
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Financials

All values are in Rs Cr

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Shareholding Pattern

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Peer Comparison

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