MANOMAYNSEQ4 FY2324 July 2023

Manomay Tex India Limited

4,504words
3turns
0analyst exchanges
0executives
Key numbers — 40 extracted
48 million
M : I W E V E Y E - S ’ D R B I Denim Plant located in Rajasthan having production capacity of 48 million meters per annum We have an integrated manufacturing facility ISO 9001:2015 and ISO 14001:2015 ce
₹ 16,838.70 lakh
Treatment Plant ) Incorporated in 2009 and converted to public company in 2017 Revenue Q4 FY23: ₹ 16,838.70 lakhs Q4 FY22: ₹ 20,994.36 lakhs Journey Since Inception Graduated from Dhanlaxmi gro
₹ 20,994.36 lakh
rated in 2009 and converted to public company in 2017 Revenue Q4 FY23: ₹ 16,838.70 lakhs Q4 FY22: ₹ 20,994.36 lakhs Journey Since Inception Graduated from Dhanlaxmi group to Dhanlaxmi Synthetics,
1.1 MW
tion capacity, established a New Line of Denim Machineries The company applied for registration of 1.1 MW Solar PV power project at plant Aaraji No.5,6,7 gram- Jojro Ka khera Tehsil-ganger, Dist.- Chittorg
₹35
s migrated from BSE SME to BSE mainboard and direct listing in NSE mainboard. Preferential issue of ₹35 Cr MANUFACTURING PROCESS Manomay Industry Raw Material Yarn Warping Sizing Folding/Checking
48 million
ram-Jojro Ka Khera Tehsil-Gangrar, Dist.:-Chittorgarh (Rajasthan), India has production capacity of 48 million meters per annum spread across land area of 20,300 sq. meter and 11,800 sq. meter. Warping Warp
4 million
digo dyeing range with sizing plant and advanced technology from JUPITER with a monthly capacity of 4 million metres. High Air JetLooms These are the main weaving machines. Installation of latest high air jet
9%
TORS Indian Denim Market The Indian Denim Domestic Market has been growing at an average CAGR of 8-9% for the past several years and is predicted to reach US $ 12.27 billion by 2028. 1,600 million met
12.27 billion
s been growing at an average CAGR of 8-9% for the past several years and is predicted to reach US $ 12.27 billion by 2028. 1,600 million meters per year India’s denim fabric installed capacity 50 Denim fabric
1,600 million
rage CAGR of 8-9% for the past several years and is predicted to reach US $ 12.27 billion by 2028. 1,600 million meters per year India’s denim fabric installed capacity 50 Denim fabric mills operating in India
900 million
s per year India’s denim fabric installed capacity 50 Denim fabric mills operating in India 850-900 million meters Domestic Consumption of Indian Denim Fabric US $190.78 million Denim fabric exports from
190.78 million
mills operating in India 850-900 million meters Domestic Consumption of Indian Denim Fabric US $190.78 million Denim fabric exports from January to October 2021, according to India's Ministry of Commerce and I
Guidance — 6 items
Expansion of Denim Plant
opening
MOROCCO EGYPT BANGLADESH LEBANON COLUMBIA VENEZUELA PARAGUAY USA MEXICO GUATEMALA ECUADOR PERU CHILE BOLIVIA ARGENTINA MARKET SIZE & GROWTH FACTORS Indian Denim Market The Indian Denim Domestic Market has been growing at an average CAGR of 8-9% for the past several years and is predicted to reach US $ 12.27 billion by 2028.
Growth Drivers
opening
The growing denim market, both internationally and nationally, is the main reason why leading mills are optimistically believing that denim will continue to tap growth in the years to come and if projections are an indicator, its growth will touch 10-12% on CAGR basis.
Growth Drivers
opening
The Scheme for Capacity Building in Textile Sector (SAMARTH) to address the shortage of skilled workers in the textile sector with a target of training 10 lakh persons.
Growth Drivers
opening
OPPORTUNITIES 1) The textile and apparel industry is expected to grow to US $190 billion by FY26.
Growth Drivers
opening
Incentives under the PLI scheme will be available for five years from 2025-26 to 2029-30 on incremental turnover achieved from 2024-25 to 2028-29.
Growth Drivers
opening
No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
Risks & concerns — 3 flagged
2) When competitors offer cheaper prices, it is difficult to strike a balance between price and quality.
Growth Drivers
He holds experience in operations, business process, risk management MIS, administration, vendor management, and team building.
Growth Drivers
He is usually responsible for the administrative, financial, and risk management operations of the company.
Growth Drivers
Speaking time
Expansion of Denim Plant
1
Growth Drivers
1
REGISTERED OFFICE
1
Opening remarks
Expansion of Denim Plant
Installed new and advanced air jet looms and Indigo Dyeing Machineries Expansion of our production capacity, established a New Line of Denim Machineries The company applied for registration of 1.1 MW Solar PV power project at plant Aaraji No.5,6,7 gram- Jojro Ka khera Tehsil-ganger, Dist.- Chittorgarh (Rajasthan) for captive use under Rajasthan Solar Energy Policy, 2019 and such registration were approved by Rajasthan renewable Energy Corporation Limited on 06.07.2022 2013 2017 2021 2023 2015 2017 2022 Already began commercial production of Denim Fabrics Got listed its equity shares on BSE SME Platform in March During the year, Company installed TSUDAKOMA BRAND NEW AUTOMATIC SHUTTLELESS ZAX001NEO AIR JET LOOMS-36 Sets, at Plant site situated at Aaraji No.5,6,7 Gram-Jojro Ka Khera Tehsil-Gangrar, Dist:- Chittorgarh (Rajasthan). Company has also removed 36 old looms Company has migrated from BSE SME to BSE mainboard and direct listing in NSE mainboard. Preferential issue of ₹35 Cr MANUFA
Growth Drivers
The growing denim market, both internationally and nationally, is the main reason why leading mills are optimistically believing that denim will continue to tap growth in the years to come and if projections are an indicator, its growth will touch 10-12% on CAGR basis. To grab more markets, both domestic and international and to reduce their dependency on the market for yarns, mills here are increasing their denim production capacities and some of them are investing in spindles also. This backward integration is helping companies to have better control over raw material availability as well as timely and cost- effective production and also help the company to cater to its customers in a more efficient way. The versatility of denim is also a reason that’s creating demand. The Textile Ministry of India earmarked Rs. 690 crore (US$ for setting up 21 readymade garment 106.58 million) manufacturing units in seven states for development and modernization of Indian Textile Sector. GROWTH OPPO
REGISTERED OFFICE
32 Heera Panna Market Pur Road, Bhilwara 311001 Rajasthan, INDIA yogesh@manomaytexindia.com ca@manomaytexindia.com +91 1482 - 246983 Investor Relations NNM Nextgen Advisory Pvt. Ltd. Mr. Nikunj Mittal/ Parth Panchal nikunj@nnmsecurities.com parth.panchal@cokaco.com
← All transcriptsMANOMAY stock page →