Manomay Tex India Ltd. (IN:MANOMAY)
:MANOMAY
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Manomay Tex India Ltd.
(MANOMAY)
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Rating:45Neutral
Price Target:
₹183.00
▼(-3.84% Downside)
Action:Reiterated
Date:05/24/26
The score is primarily weighed down by weak cash flow quality and rising leverage, which raise liquidity and execution risk despite revenue growth. Technicals add pressure with a clear downtrend (price below key moving averages and negative MACD). Valuation is a modest offset with a mid-range P/E, but not enough to overcome the fundamental and momentum headwinds.
Positive Factors
Multi-year revenue growth
Sustained top-line expansion over several years signals stronger market penetration and scale in fabrics. Durable revenue growth supports capacity utilization, supplier negotiation leverage and gives management room to invest in process improvements and customer relationships over the next 2–6 months.
Negative Factors
Rising leverage
Material debt growth has left the company more highly leveraged, constraining financial flexibility. Higher interest and principal obligations increase vulnerability to profit or cash-flow swings, limit ability to fund opportunistic investments, and raise refinancing risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Sustained top-line expansion over several years signals stronger market penetration and scale in fabrics. Durable revenue growth supports capacity utilization, supplier negotiation leverage and gives management room to invest in process improvements and customer relationships over the next 2–6 months.
Read all positive factors
Manomay Tex India Ltd. (MANOMAY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.54B
Dividend YieldN/A
Average Volume (3M)5.50K
Price to Earnings (P/E)21.2
Beta (1Y)0.11
Revenue Growth1.98%
EPS Growth-2.66%
CountryIN
Employees747
SectorConsumer Defensive
Sector Strength42
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)10.73
Shares Outstanding18,048,735
10 Day Avg. Volume6,034
30 Day Avg. Volume5,501
Financial Highlights & Ratios
PEG Ratio11.00
Price to Book (P/B)2.49
Price to Sales (P/S)0.60
P/FCF Ratio-17.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Manomay Tex India Ltd. Business Overview & Revenue Model
Company Description
Manomay Tex India Ltd. operates within the textile industry, specializing in the creation and distribution of ready-to-stitch fabrics. Their production process includes the winding of yarn, weaving, and subsequent dispatch of the finished textile ...
How the Company Makes Money
Manomay Tex India Ltd. primarily makes money by selling its manufactured textile outputs (notably denim/fabric products) to customers in the textile and apparel value chain (e.g., garment makers, brands, wholesalers, and/or other fabric buyers). R...
Manomay Tex India Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
46
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.95B | 7.11B | 6.97B | 5.83B | 6.64B | 5.70B |
| Gross Profit | 2.79B | 2.22B | 2.93B | 745.50M | 2.42B | 474.23M |
| EBITDA | 874.24M | 843.68M | 855.88M | 498.29M | 421.75M | 297.62M |
| Net Income | 193.73M | 196.41M | 192.53M | 130.03M | 129.50M | 77.06M |
Balance Sheet | ||||||
| Total Assets | 6.49B | 6.76B | 6.18B | 5.84B | 3.93B | 3.09B |
| Cash, Cash Equivalents and Short-Term Investments | 15.75M | 4.55M | 19.49M | 207.19M | 240.44M | 26.47M |
| Total Debt | 3.70B | 3.48B | 3.29B | 3.00B | 1.45B | 1.42B |
| Total Liabilities | 4.91B | 5.05B | 4.70B | 4.55B | 2.77B | 2.40B |
| Stockholders Equity | 1.58B | 1.71B | 1.48B | 1.29B | 1.16B | 678.41M |
Cash Flow | ||||||
| Free Cash Flow | -268.58M | -239.98M | -168.86M | -1.41B | -36.16M | -167.16M |
| Operating Cash Flow | -171.75M | -33.59M | 41.55M | 128.13M | 116.91M | 138.37M |
| Investing Cash Flow | -92.16M | -158.41M | -32.05M | -1.63B | -229.39M | -287.94M |
| Financing Cash Flow | 264.85M | 192.69M | -17.79M | 1.38B | 250.18M | 390.23M |
Manomay Tex India Ltd. Technical Analysis
Neutral
190.30
Price Trends
196.74
Negative
209.94
Negative
207.31
Negative
Market Momentum
-0.68
Negative
53.49
Neutral
72.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANOMAY, the sentiment is Neutral. The current price of 190.3 is above the 20-day moving average (MA) of 183.34, below the 50-day MA of 196.74, and below the 200-day MA of 207.31, indicating a neutral trend. The MACD of -0.68 indicates Negative momentum. The RSI at 53.49 is Neutral, neither overbought nor oversold. The STOCH value of 72.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MANOMAY.
Manomay Tex India Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | ₹13.79B | 1,268.81 | ― | 0.06% | ― | ― | |
58 Neutral | ₹8.18B | 13.14 | ― | ― | ― | ― | |
52 Neutral | ₹2.96B | 12.06 | ― | ― | 27.03% | -15.30% | |
48 Neutral | ₹5.26B | 38.14 | ― | ― | ― | ― | |
48 Neutral | ₹37.06B | 46.69 | ― | ― | 27.10% | -54.24% | |
45 Neutral | ₹3.54B | 21.17 | ― | ― | 1.98% | -2.66% |
* Consumer Defensive Sector Average
IN:MANOMAY
Manomay Tex India Ltd.
192.75
22.75
13.38%
IN:ABCOTS
AB Cotspin India Ltd.
244.80
-195.60
-44.41%
IN:PASHUPATI
Pashupati Cotspin Ltd.
87.35
21.37
32.39%
IN:SANATHAN
Sanathan Textiles Limited
451.40
19.80
4.59%
IN:BORANA
Borana Weaves Limited
317.05
93.60
41.89%
IN:RNBDENIMS
R&B Denims Ltd
11.07
-18.85
-63.01%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.