Manomay Tex India Ltd. (MANOMAY) AI Stock Analysis

• Market Cap: ₹4.08B
• Dividend Yield: N/A
• Average Volume (3M): 5.50K
• Price to Earnings (P/E): 19.6
• Beta (1Y): 0.06
• Revenue Growth: 8.41%
• EPS Growth: 8.81%
• Country: IN
• Employees: 747
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Manufacturing - Textiles
• EPS (TTM): 2.56
• Shares Outstanding: 18,048,735
• 10 Day Avg. Volume: 6,034
• 30 Day Avg. Volume: 5,501
• PEG Ratio: 0.32
• Price to Book (P/B): 2.01
• Price to Sales (P/S): 0.43
• P/FCF Ratio: -17.65
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹247.00 ▲(29.80% Upside)
• Action: Reiterated Date: 11/28/25
• Date: Action: Reiterated 11/28/25

Manomay Tex India Ltd. benefits from strong financial performance and bullish technical indicators. However, the overbought technical signals and lack of dividend yield present potential risks. Addressing cash flow challenges is crucial for sustaining growth.

Positive Factors

Strong multi-year revenue growth

Sustained revenue growth over several years indicates expanding scale and market penetration. This durable top-line expansion supports investment in capacity, spreads fixed costs, and provides a foundation for long-term margin improvement and reinvestment into product and distribution capabilities.

Improving gross and EBIT margins

Improving gross and EBIT margins reflect lasting gains in cost management and operational efficiency. Higher core profitability increases resilience to input cost swings, generates operating earnings to fund growth, and supports sustainable improvements in underlying cash generation.

Moderate leverage with positive ROE trends

A moderate leverage profile combined with rising ROE suggests the company is using capital effectively without excessive risk. This balanced financial structure helps maintain funding flexibility for capex or working capital and supports durable shareholder value creation if trends persist.

Negative Factors

Negative free cash flow trend

Persistent negative free cash flow means capital expenditures and other outflows exceed operating cash, forcing reliance on external financing or asset sales. Over months this can constrain strategic investments, increase financing costs, and reduce ability to build cash cushions for downturns.

Rising total liabilities

An upward trend in total liabilities can erode financial flexibility and raise funding costs over time. If liabilities grow faster than earnings or cash generation, the company faces heightened liquidity and covenant risks that could limit strategic choices and increase vulnerability to macro shocks.

Relatively low net profit margin

Low net margins reduce the company's buffer against cost inflation and limit retained earnings available for reinvestment or debt reduction. Structurally thin margins make long-term return on invested capital more sensitive to adverse price or input-cost movements.

Manomay Tex India Ltd. Business Overview & Revenue Model

Company Description

Manomay Tex India Ltd. engages in the provision of textile business. It engages in the manufacture and sales of ready to stitch fabrics which involves winding of yarn, and weaving, as well as dispatch of garment. The company was founded by Kailashchandra Hiralal Laddh in 1978 and is headquartered in Bhilwara, India.

How the Company Makes Money

Manomay Tex India Ltd. generates revenue primarily through the sale of its textile products, which include garments, fabrics, and home textiles. The company's revenue model is built on multiple key streams: direct sales to wholesalers and retailers, export of products to international markets, and partnerships with fashion brands that require high-quality textiles for their collections. Additionally, MANOMAY may benefit from long-term contracts with major clients, providing a stable income base. The company also focuses on value-added services such as custom designs and sustainable textile solutions, which can attract premium pricing and enhance profitability. Strategic partnerships with suppliers and distribution networks further strengthen its market presence and contribute to steady revenue growth.

Manomay Tex India Ltd. Financial Statement Overview

Summary

Manomay Tex India Ltd. shows strong revenue growth and improved operational efficiencies, enhancing profitability margins. However, the balance sheet's increasing liabilities and negative free cash flow highlight potential financial risks.

Income Statement

Manomay Tex India Ltd. has demonstrated strong revenue growth, increasing from INR 3,170,895,000 in 2021 to INR 6,969,173,000 in 2025. The gross profit margin improved significantly, reflecting better cost management and operational efficiency. However, the net profit margin is relatively low, indicating potential challenges in managing expenses or rising costs. The EBIT margin shows improvement over the years, suggesting enhanced core earnings capacity.

Balance Sheet

The company has a moderate debt-to-equity ratio, which indicates a balanced approach to leveraging. The equity ratio is satisfactory, but there is room for improvement to enhance financial stability. The return on equity has shown positive trends, reflecting efficient use of shareholder funds. However, the increase in total liabilities over the years may pose risks if not managed effectively.

Cash Flow

Operating cash flow has been positive, but free cash flow has been negative in recent years, indicating potential challenges in covering capital expenditures and financing activities. The operating cash flow to net income ratio suggests that the company efficiently converts its net income into cash, but the negative free cash flow requires attention to ensure long-term sustainability.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	7.05B	6.97B	5.83B	6.64B	5.70B	3.17B
Gross Profit	2.99B	2.93B	745.50M	2.42B	474.23M	379.78M
EBITDA	882.73M	855.88M	498.29M	421.75M	297.62M	176.33M
Net Income	185.93M	192.53M	130.03M	129.50M	77.06M	27.55M
Balance Sheet
Total Assets	0.00	6.18B	5.84B	3.93B	3.09B	2.15B
Cash, Cash Equivalents and Short-Term Investments	19.49M	19.49M	207.19M	240.44M	26.47M	48.71M
Total Debt	0.00	3.29B	3.00B	1.45B	1.42B	938.09M
Total Liabilities	-1.48B	4.70B	4.55B	2.77B	2.40B	1.53B
Stockholders Equity	1.48B	1.48B	1.29B	1.16B	678.41M	614.24M
Cash Flow
Free Cash Flow	0.00	-168.86M	-1.41B	-36.16M	-167.16M	-23.10M
Operating Cash Flow	0.00	41.55M	128.13M	116.91M	138.37M	-10.73M
Investing Cash Flow	0.00	-32.05M	-1.63B	-229.39M	-287.94M	-12.49M
Financing Cash Flow	0.00	-17.79M	1.38B	250.18M	390.23M	24.18M

Manomay Tex India Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 190.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANOMAY, the sentiment is Positive. The current price of 190.3 is below the 20-day moving average (MA) of 224.43, below the 50-day MA of 218.57, and below the 200-day MA of 194.32, indicating a bullish trend. The MACD of 0.46 indicates Positive momentum. The RSI at 53.15 is Neutral, neither overbought nor oversold. The STOCH value of 65.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MANOMAY.

Manomay Tex India Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LAMBODHARA	69 Neutral	₹1.03B	13.04	―	0.42%	13.13%	-2.13%
MANOMAY	69 Neutral	₹4.08B	19.63	―	―	8.41%	8.81%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
LOYALTEX	56 Neutral	₹1.04B	-1.31	―	―	-30.97%	80.99%
MARALOVER	47 Neutral	₹1.75B	8.66	―	―	-0.90%	-304.07%
SHRENIK	38 Underperform	₹257.04M	6.72	―	―	-3.26%	―

Manomay Tex India Ltd. Corporate Events

Manomay Tex India clears Q3 FY26 unaudited results, reopens trading window

The board approved unaudited results for the quarter and nine months ended December 31, 2025, alongside the statutory limited review, confirming revenue of ₹17,690 lakh for the quarter and ₹50,735 lakh for the nine-month period, while net profit stood at ₹463 lakh and ₹1,464 lakh respectively. Management also reopened the trading window effective February 7, 2026, signaling compliance with insider-trading norms and providing clarity for investors following the review cycle.

Manomay Tex India Secures Rs. 60 Crore Export Orders

Manomay Tex India Ltd. has secured new export orders valued at approximately Rs. 60 crores for the production of spinning yarn and denim fabric. These orders have been placed by international clients from Latin America, China, and Bangladesh, and are expected to be fulfilled by August 30, 2026. This development is poised to enhance the company’s market presence and operational scale in the international textile market.