Manomay Tex India Limited
5,728words
2turns
0analyst exchanges
0executives
Key numbers — 40 extracted
48 million
₹12,460.99 lakh
₹15,201.86 lakh
₹39,842.40 lakh
₹53,067.39 lakh
₹ 7 Crore
₹35 Crore
1.1
MW
4 million
Rs 91,894 crore
1,600 million
900 million
Guidance — 5 items
Expansion of Denim Plant
opening
“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 Indian According to various market studies, the 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.”
Expansion of Denim Plant
opening
“OPPORTUNITIES The textile and apparel industry is expected to grow to US $190 billion by FY26.”
Expansion of Denim Plant
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.”
Expansion of Denim Plant
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
When competitors offer cheaper prices, it is difficult to strike a balance between price and quality.
— Expansion of Denim Plant
He holds experience in operations, business process, risk management MIS, administration, vendor management, and team building.
— Expansion of Denim Plant
He is responsible for the accounts, financial, and risk management operations of the company.
— Expansion of Denim Plant
Speaking time
1
1
Opening remarks
Expansion of Denim Plant
Installed new and advanced air jet looms and Indigo Dyeing Machineries 2017 Converted company from Private Limited to Public Limited in JAN 2017. 2019 Raised capital through Preferential issue of ₹ 7 Crore. 2021 2023 During the year 2021 the 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 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 through Preferential raised capital issue of ₹35 Crore. And ongoing Process of installation of Spinning Plant. 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
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 nikunj@nnmsecurities.com Research Team researchteam@cokaco.com