MANOMAY - Manomay Tex Indi
📢 Recent Corporate Announcements
Manomay Tex India Limited reported a weak set of results for Q3 FY26, with Net Profit declining 23.2% YoY to ₹4.63 crore from ₹6.03 crore. Revenue from operations also saw a 5% year-on-year decline, settling at ₹176.64 crore. While revenue grew 6.3% on a sequential (QoQ) basis, profitability margins were under pressure as Net Profit fell from ₹5.57 crore in the preceding quarter. The nine-month performance also reflects a downward trend with PAT at ₹14.64 crore compared to ₹15.92 crore in the previous year.
- Revenue from operations decreased 5% YoY to ₹176.64 crore from ₹185.89 crore.
- Net Profit for the quarter fell to ₹4.63 crore, down from ₹6.03 crore in Q3 FY25.
- Earnings Per Share (EPS) declined to ₹2.56 from ₹3.34 in the same period last year.
- Finance costs reduced significantly to ₹6.29 crore from ₹9.24 crore YoY, providing some relief to the bottom line.
- Total Comprehensive Income for the 9-month period ended Dec 2025 stood at ₹14.36 crore vs ₹16.14 crore YoY.
Manomay Tex India reported a 23.2% YoY decline in Net Profit to ₹4.63 crore for the quarter ended December 31, 2025. While revenue grew 6.3% sequentially to ₹176.64 crore, it remained 5% lower compared to the same quarter last year. Profitability was impacted by inventory adjustments, despite a reduction in finance costs from ₹7.96 crore to ₹6.29 crore QoQ. For the nine-month period, the company's PAT stands at ₹14.64 crore, down from ₹15.92 crore in the previous year.
- Revenue from operations stood at ₹176.64 crore, down 5% YoY but up 6.3% QoQ.
- Net Profit (PAT) declined to ₹4.63 crore from ₹6.03 crore in Q3 FY25.
- Finance costs saw a significant reduction to ₹6.29 crore from ₹7.96 crore in the previous quarter.
- Basic and Diluted EPS for the quarter fell to ₹2.56 from ₹3.34 YoY.
- Nine-month total comprehensive income decreased to ₹14.36 crore compared to ₹16.14 crore in the prior year period.
Manomay Tex India Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the period ending December 31, 2025. The company's Registrar and Transfer Agent, Bigshare Services, confirmed that no rematerialization requests were processed during this quarter. Notably, the entire shareholding of the company is already held in dematerialized form. This filing is a standard regulatory requirement and indicates smooth administrative operations regarding share registry.
- Compliance certificate filed for the quarter ended December 31, 2025
- Registrar and Transfer Agent (RTA) Bigshare Services confirms 100% of shares are in demat form
- Zero requests for rematerialization were received during the three-month period
- The filing confirms adherence to SEBI (Depositories and Participants) Regulations, 2018
Manomay Tex India Limited has announced the closure of its trading window starting January 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is preparatory to the announcement of financial results for the quarter and nine months ending December 31, 2025. The restriction applies to all directors, key managerial personnel, and designated employees. The window will reopen 48 hours after the financial results are officially declared to the exchanges.
- Trading window closure begins on January 1, 2026.
- Closure is for the financial results of the quarter and nine months ending December 31, 2025.
- Restriction covers all Directors, KMP, and designated persons.
- Trading window will remain closed until 48 hours after the results are announced.
Manomay Tex India Limited has announced that it has received new export orders worth approximately ₹60 Crores. These orders are for the manufacturing of Spinning Yarn and Denim (Cotton) Fabric. The orders are from international clients in Latin America, China, and Bangladesh. The company expects to execute these orders on or before August 30, 2026.
- Received new export orders worth approximately ₹60 Crores.
- Orders for Spinning Yarn and Denim (Cotton) Fabric.
- Orders to be executed on or before August 30, 2026.
- International clients from Latin America, China, and Bangladesh.
Financial Performance
Revenue Growth by Segment
The company operates in a single business segment, Textiles, which generated revenue of INR 17,649.78 Lakhs in Q2 FY25, representing a significant growth of 32.30% YoY compared to INR 13,340.92 Lakhs in Q2 FY24. This growth indicates strong demand for the company's textile products and improved market penetration.
Geographic Revenue Split
Not disclosed in available documents. The company is headquartered in Bhilwara, Rajasthan, which is a major textile hub, suggesting a strong domestic presence.
Profitability Margins
Gross Profit Margin improved significantly to 43.92% in Q2 FY25 from 34.31% in Q2 FY24 (up 961 bps). Net Profit Margin stood at 2.71% in Q2 FY25, up 69 bps from 2.02% YoY. While gross margins are healthy, the thin net margin is primarily due to high finance costs and depreciation.
EBITDA Margin
EBITDA Margin was 13.31% in Q2 FY25, a substantial improvement of 554 bps from 7.77% in Q2 FY24. Absolute EBITDA grew by 127.08% YoY to INR 2,354.83 Lakhs, reflecting strong core operational efficiency and better absorption of fixed costs.
Capital Expenditure
Not explicitly disclosed as a planned figure; however, the company recorded depreciation and amortization of INR 775.41 Lakhs in Q2 FY25, up from INR 301.72 Lakhs YoY, suggesting recent commissioning of new assets or capacity.
Credit Rating & Borrowing
Not disclosed in available documents. However, the company faced a high finance cost of INR 937.63 Lakhs in Q2 FY25, which increased significantly from INR 397.12 Lakhs in Q2 FY24, indicating higher debt levels or increased borrowing rates.
Operational Drivers
Raw Materials
Textile raw materials (specific fibers not named) accounted for INR 10,022.73 Lakhs in Q2 FY25, representing 56.78% of total revenue from operations.
Key Suppliers
A significant portion of procurement is handled through related parties, specifically Everstrong Marketing Private Limited, with purchases totaling INR 4,232.02 Lakhs (approximately 42% of total material costs).
Raw Material Costs
Cost of materials consumed was INR 10,022.73 Lakhs in Q2 FY25. While absolute material costs rose, the company achieved a higher Gross Profit Margin (43.92%), suggesting effective procurement strategies or the ability to pass on cost increases to customers.
Strategic Growth
Expected Growth Rate
22.00%
Growth Strategy
The company aims to leverage its 22% compounded 3-year sales growth by focusing on its core textile segment. Strategy includes maintaining high gross margins (currently 43.92%) and managing its large-scale operations in Bhilwara. The company utilizes related-party loans (e.g., INR 577.52 Lakhs from Prachi Creation) to fund working capital and operational needs.
Products & Services
Textile products (fabrics/garments as per industry segment).
Strategic Alliances
The company has no subsidiaries, associates, or joint ventures as of September 30, 2025.
External Factors
Industry Trends
The textile industry is evolving with a focus on environmental and safety standards. Manomay is positioning itself by adhering to these standards to ensure a safe working environment and long-term sustainability.
Competitive Landscape
The company operates in a competitive textile market with a current market capitalization of approximately INR 407 Cr and a PE ratio of 41.46.
Competitive Moat
The company's moat is built on its established presence in the Bhilwara textile cluster and its integrated relationship with promoter-group entities for supply and distribution, though high leverage remains a challenge.
Macro Economic Sensitivity
The textile industry is sensitive to consumer discretionary spending and inflation. A 32.3% revenue growth suggests the company is currently benefiting from a positive demand cycle.
Regulatory & Governance
Industry Regulations
Operations are subject to Indian Accounting Standards (Ind AS 34) and SEBI Listing Obligations (Regulation 33).
Environmental Compliance
The company emphasizes adhering to environmental and safety standards, though specific ESG spend in INR is not disclosed.
Taxation Policy Impact
Current tax expense for Q2 FY25 was INR 168.43 Lakhs, with a deferred tax credit of INR 5.66 Lakhs.
Risk Analysis
Key Uncertainties
High financial leverage (Debt/Equity 2.16) and high finance costs (INR 937.63 Lakhs per quarter) pose a significant risk to net profitability. Any downturn in the textile cycle could make debt servicing difficult.
Geographic Concentration Risk
Operations are concentrated in Bhilwara, Rajasthan, making the company susceptible to regional industrial policies or labor issues.
Third Party Dependencies
Significant dependency on related parties for both procurement (Everstrong Marketing: INR 4,232.02 Lakhs) and financing (multiple promoter-group loans).
Credit & Counterparty Risk
Trade receivables increased by INR 2,820.62 Lakhs in H1 FY25, indicating a potential risk in credit recovery or extended credit cycles for customers.