MORARJEE
Morarjee Textiles financials
- Market cap
- ₹34 Cr
- Sector
- Textiles
What Morarjee Textiles Limited does
Morarjee Textiles Limited is a composite textile manufacturer that spins and processes cotton yarn, including hank yarn, in Maharashtra. The company operates a single manufacturing plant in the MIDC Industrial Estate at Butibori, near Nagpur, organised into interconnected production units (Unit-1, Unit-2 and Unit-3) that house spinning and boiler-based processing operations. The mill runs on purchased grid electricity supplemented by coal-fired boilers to power its spinning and processing lines.
- Manufacturing plants
- 1 (Butibori, Nagpur, Maharashtra)
- Production units at plant
- 3 (Unit-1, Unit-2, Unit-3)
- Annual coal consumption (boiler fuel)
- 12,574.60 MT (FY23)
- Annual purchased electricity
- 309.92 lakh units (FY23)
Quarterly results
Q3 FY24: revenue down 84.7%, net profit up 20.5% against the same quarter last year.
| Line item | Q4 FY22 | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 80 | 45 | 52 | 59 | 51 −36% | 11 −76% | 0 −100% | 9 −85% |
| EBITDA | 2 | -15 | -13 | -11 | -13 −750% | -10 +33% | 6 +146% | -6 +45% |
| Net profit | -24 | -40 | -39 | -39 | -68 −183% | -37 +8% | -28 +28% | -31 +21% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +5.4% 1Y
1Y: ₹8.75 on 5 Sept 2025 → ₹9.22. High ₹12.4 (20 Jul 2026), low ₹5.86 (2 Apr 2026).
Financials, as filed
Revenue fell 23.9% a year over 1 year, FY22 to FY23. Operating margin narrowed to -25.1%.
| Year ending | FY22 | FY23 |
|---|---|---|
| Revenue | ₹272 Cr | ₹207 Cr |
| Operating profit | ₹6 Cr | ₹-52 Cr |
| Operating margin | 2.2% | -25.1% |
| Interest | ₹73 Cr | ₹80 Cr |
| Depreciation | ₹24 Cr | ₹23 Cr |
| Net profit | ₹-88 Cr | ₹-186 Cr |
| Net margin | -32.4% | -89.9% |
| Cash from operations | ₹18 Cr | ₹8 Cr |
| Free cash flow | ₹18 Cr | ₹7 Cr |
| ROCE | -3.0% | -22.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|---|
| Equity capital | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹25 Cr | ₹25 Cr |
| Reserves | ₹82 Cr | ₹58 Cr | ₹31 Cr | ₹-30 Cr | ₹-119 Cr | ₹-369 Cr |
| Borrowings | ₹521 Cr | ₹510 Cr | ₹380 Cr | ₹517 Cr | ₹525 Cr | ₹522 Cr |
| Other liabilities | ₹105 Cr | ₹129 Cr | ₹248 Cr | ₹145 Cr | ₹195 Cr | ₹284 Cr |
| Total liabilities | ₹733 Cr | ₹723 Cr | ₹685 Cr | ₹657 Cr | ₹627 Cr | ₹463 Cr |
| Fixed assets | ₹499 Cr | ₹477 Cr | ₹455 Cr | ₹432 Cr | ₹410 Cr | ₹377 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹5 Cr | ₹5 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹229 Cr | ₹240 Cr | ₹229 Cr | ₹224 Cr | ₹217 Cr | ₹86 Cr |
| Total assets | ₹733 Cr | ₹723 Cr | ₹685 Cr | ₹657 Cr | ₹627 Cr | ₹463 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2025
The ownership split has held steady since Mar 2024. The shareholder count shrank 3% to 16,418.
- Promoters
- 59.7%
- DIIs
- 4.0%
- Public
- 32.1%
- Others
- 4.2%
Since Mar 2024
- Public −0.01 pp
- Promoters 0.00 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Jun '22: Promoters 59.7%, DIIs 4.3%, Public 31.8%, Others 4.2%.Sep '22: Promoters 59.7%, DIIs 4.3%, Public 31.8%, Others 4.2%.Dec '22: Promoters 59.7%, DIIs 4.3%, Public 31.8%, Others 4.2%.Mar '23: Promoters 59.7%, DIIs 4.3%, Public 31.8%, Others 4.2%.Jun '23: Promoters 59.7%, DIIs 4.3%, Public 31.8%, Others 4.2%.Sep '23: Promoters 59.7%, DIIs 4.3%, Public 31.8%, Others 4.2%.Dec '23: Promoters 59.7%, DIIs 4.3%, Public 31.8%, Others 4.2%.Mar '24: Promoters 59.7%, DIIs 4.0%, Public 32.1%, Others 4.2%.Jun '24: Promoters 59.7%, DIIs 4.0%, Public 32.1%, Others 4.2%.Sep '24: Promoters 59.7%, DIIs 4.0%, Public 32.1%, Others 4.2%.Dec '24: Promoters 59.7%, DIIs 4.0%, Public 32.1%, Others 4.2%.Mar '25: Promoters 59.7%, DIIs 4.0%, Public 32.1%, Others 4.2%.
Who is on the register
Named in the Mar 2025 filing
Every holder of Morarjee Textiles Limited above SEBI's 1% disclosure line, and what changed since Dec 2024.
| Holder | Stake | Change |
|---|---|---|
| Urvi Ashok Piramal | 59.42% | unchanged |
| Life Insurance Corporation Of India Insurer | 3.75% | unchanged |
| Urvi Piramal A | 0.14% | unchanged |
| Nandan Ashok Piramal | 0.05% | unchanged |
| Harshvardhan Ashok Piramal | 0.05% | unchanged |
| Rajeev Ashok Piramal | 0.05% | unchanged |
| Kalpana Singhania | 0.01% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Morarjee Textiles Limited
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