Manomay Tex India Limited
4,340words
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Key numbers — 40 extracted
48
million
₹14,040.49 lakh
₹17,708.41 lakh
₹ 7Crore
1.1 MW
₹35 Crore
48 million
4 million
Rs 91,894 crore
1,600 million
900 million
190.78 million
Guidance — 7 items
Expansion of Denim Plant
opening
“Company has also removed 36 old looms 2022 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-gangrar, 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.”
Expansion of Denim Plant
opening
“USA Lebanon Morocco Egypt Bangladesh Colombia Venezuela Paraguay Mexico Guatemala Ecuador Peru Chile Bolivia Argentina 2 MARKET SIZE & GROWTH FACTORS Indian Denim Market According to various market studies, the Indian domestic denim market has been maintaining an average CAGR of 8 to 9 per cent for a few years and is expected to reach Rs 91,894 crores by 2028.”
Growth Drivers
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“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
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“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
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“OPPORTUNITIES 1) The textile and apparel industry is expected to grow to US $190 billion by FY26.”
Growth Drivers
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“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
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“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 — 4 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 risk management MIS, process, administration, vendor management, and team building.
— Growth Drivers
He is usually responsible for the accounts, financial, and risk management operations of the company.
— Growth Drivers
The experienced 20.61% decline management has successfully maintained healthy growth in EBIT & Net Profit Margins.
— Growth Drivers
Speaking time
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Opening remarks
Expansion of Denim Plant
Installed new and advanced air jet looms and Indigo Dyeing Machineries 2021 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 2022 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-gangrar, 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. 2023 In the year 2022-23 Company has migrated from BSE Limited SME to BSE Limited mainboard and direct listing in NSE Limited mainboard. And also raised capital through Preferential issue of ₹35 Crore. And ongoing Process of installation of Spinning Plant. MANUFACTURiNG PROCESS Manomay Industry Raw Material Yarn Warping Sizing Dispatch Ro
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$ 106.58 million) for setting up 21 readymade garment manufacturing units in seven states for development and modernization of Indian Textile Sector. GROWTH OPPOR
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/ Nilesh Panchal nikunj@nnmsecurities.com nilesh.panchal@cokaco.com