Morarjee Textiles Limited
Morarjee Textiles Limited engages in the manufacture and sale of yarns and fabrics in India and internationally. It also offers cotton shirting fabrics; printed fabrics, including satin, cambric, poplin, lawn, and silk; yarn dyed shirting, such as prima linea, ganges, and seasonal collection; and voiles and white fabrics. The company was founded in 1871 and is based in Mumbai, India. Morarjee Tex… Read more
Morarjee Textiles Limited (MORARJEE) - Net Assets
Latest net assets as of March 2024: ₹-4.80 Billion INR
Based on the latest financial reports, Morarjee Textiles Limited (MORARJEE) has net assets worth ₹-4.80 Billion INR as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹4.41 Billion) and total liabilities (₹9.20 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹-4.80 Billion |
| % of Total Assets | -108.9% |
| Annual Growth Rate | N/A |
| 5-Year Change | -943.43% |
| 10-Year Change | -459.83% |
| Growth Volatility | 50.67 |
Morarjee Textiles Limited - Net Assets Trend (2004–2024)
This chart illustrates how Morarjee Textiles Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Morarjee Textiles Limited (2004–2024)
The table below shows the annual net assets of Morarjee Textiles Limited from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | ₹-4.80 Billion | -72.36% |
| 2023-03-31 | ₹-2.78 Billion | -198.24% |
| 2022-03-31 | ₹-933.26 Million | -1742.72% |
| 2021-03-31 | ₹-50.65 Million | -108.90% |
| 2020-03-31 | ₹568.81 Million | -31.73% |
| 2019-03-31 | ₹833.12 Million | -22.63% |
| 2018-03-31 | ₹1.08 Billion | -31.70% |
| 2017-03-31 | ₹1.58 Billion | +11.44% |
| 2016-03-31 | ₹1.41 Billion | +6.11% |
| 2015-03-31 | ₹1.33 Billion | +8.48% |
| 2014-03-31 | ₹1.23 Billion | +14.56% |
| 2013-03-31 | ₹1.07 Billion | +6.79% |
| 2012-03-31 | ₹1.00 Billion | +20.07% |
| 2011-03-31 | ₹836.67 Million | +29.07% |
| 2010-03-31 | ₹648.24 Million | +55.37% |
| 2009-03-31 | ₹417.21 Million | -53.22% |
| 2008-03-31 | ₹891.90 Million | -17.56% |
| 2007-03-31 | ₹1.08 Billion | +145.28% |
| 2006-03-31 | ₹441.09 Million | +16.70% |
| 2005-03-31 | ₹377.97 Million | +11.36% |
| 2004-03-31 | ₹339.42 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Morarjee Textiles Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 505180000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₹254.30 Million | % |
| Total Equity | ₹-4.80 Billion | 100.00% |
Morarjee Textiles Limited Competitors by Market Cap
The table below lists competitors of Morarjee Textiles Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Genesis Resources Ltd
AU:GES
|
$1.10 Million |
|
VOGO SA
PA:ALVGO
|
$1.10 Million |
|
Starbox Group Holdings Ltd. Ordinary Shares
NASDAQ:STBX
|
$1.10 Million |
|
NetMedia Group société anonyme
F:1VM0
|
$1.10 Million |
|
HUMMINGBIRD RESOUR.LS-01
F:2HM
|
$1.10 Million |
|
Prominence Energy Ltd
AU:PRM
|
$1.10 Million |
|
NATL BK CANADA (NBC.SG)
STU:NBC
|
$1.10 Million |
|
Staffing 360 Solutions Inc
NASDAQ:STAF
|
$1.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Morarjee Textiles Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -2,783,400,000 to -4,797,500,000, a change of -2,014,100,000.
- Net loss of 2,012,800,000 reduced equity.
- Other comprehensive income decreased equity by 562,791,000.
- Other factors increased equity by 561,491,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹-2.01 Billion | -41.96% |
| Other Comprehensive Income | ₹-562.79 Million | -11.73% |
| Other Changes | ₹561.49 Million | +11.7% |
| Total Change | ₹- | % |
Book Value vs Market Value Analysis
This analysis compares Morarjee Textiles Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | ₹6.87 | ₹6.58 | x |
| 2005-03-31 | ₹9.33 | ₹6.58 | x |
| 2006-03-31 | ₹13.28 | ₹6.58 | x |
| 2007-03-31 | ₹31.98 | ₹6.58 | x |
| 2008-03-31 | ₹25.17 | ₹6.58 | x |
| 2009-03-31 | ₹11.66 | ₹6.58 | x |
| 2010-03-31 | ₹24.17 | ₹6.58 | x |
| 2011-03-31 | ₹22.53 | ₹6.58 | x |
| 2012-03-31 | ₹27.65 | ₹6.58 | x |
| 2013-03-31 | ₹29.53 | ₹6.58 | x |
| 2014-03-31 | ₹33.83 | ₹6.58 | x |
| 2015-03-31 | ₹36.70 | ₹6.58 | x |
| 2016-03-31 | ₹38.94 | ₹6.58 | x |
| 2017-03-31 | ₹43.39 | ₹6.58 | x |
| 2018-03-31 | ₹29.64 | ₹6.58 | x |
| 2019-03-31 | ₹22.93 | ₹6.58 | x |
| 2020-03-31 | ₹15.66 | ₹6.58 | x |
| 2021-03-31 | ₹-1.39 | ₹6.58 | x |
| 2022-03-31 | ₹-25.69 | ₹6.58 | x |
| 2023-03-31 | ₹-76.61 | ₹6.58 | x |
| 2024-03-31 | ₹-132.05 | ₹6.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Morarjee Textiles Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -613.10%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-4.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -6.62% | -2.18% | 0.55x | 5.49x | ₹-56.40 Million |
| 2005 | 15.47% | 3.37% | 0.95x | 4.85x | ₹20.60 Million |
| 2006 | 22.52% | 5.41% | 0.75x | 5.51x | ₹55.14 Million |
| 2007 | 11.32% | 4.50% | 0.72x | 3.50x | ₹14.05 Million |
| 2008 | -28.49% | -8.44% | 0.68x | 4.93x | ₹-321.36 Million |
| 2009 | -117.02% | -13.80% | 0.81x | 10.41x | ₹-491.05 Million |
| 2010 | -9.83% | -1.89% | 0.81x | 6.45x | ₹-124.55 Million |
| 2011 | 5.68% | 1.32% | 0.87x | 4.96x | ₹-35.36 Million |
| 2012 | 1.25% | 0.40% | 0.83x | 3.76x | ₹-87.89 Million |
| 2013 | 22.28% | 6.57% | 0.91x | 3.71x | ₹131.78 Million |
| 2014 | 22.94% | 7.20% | 0.95x | 3.34x | ₹159.10 Million |
| 2015 | 15.63% | 5.71% | 0.86x | 3.19x | ₹75.07 Million |
| 2016 | 11.66% | 4.90% | 0.55x | 4.34x | ₹23.46 Million |
| 2017 | 10.26% | 4.28% | 0.50x | 4.77x | ₹4.13 Million |
| 2018 | 0.43% | 0.13% | 0.47x | 6.81x | ₹-103.06 Million |
| 2019 | -29.47% | -7.34% | 0.46x | 8.67x | ₹-328.83 Million |
| 2020 | -46.51% | -7.18% | 0.54x | 12.03x | ₹-321.41 Million |
| 2021 | 0.00% | -31.80% | 0.30x | 0.00x | ₹-611.56 Million |
| 2022 | 0.00% | -32.36% | 0.43x | 0.00x | ₹-788.07 Million |
| 2023 | 0.00% | -89.56% | 0.41x | 0.00x | ₹-1.57 Billion |
| 2024 | 0.00% | -613.10% | 0.07x | 0.00x | ₹-1.53 Billion |
Industry Comparison
This section compares Morarjee Textiles Limited's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $-15,328,366,560
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Morarjee Textiles Limited (MORARJEE) | ₹-4.80 Billion | -6.62% | N/A | $1.10 Million |
| Aarvee Denims & Exports Limited (AARVEEDEN) | $2.56 Billion | 0.07% | 2.01x | $18.42 Million |
| Akshar Spintex Limited (AKSHAR) | $362.57 Million | 3.43% | 1.02x | $3.77 Million |
| Alok Industries Limited (ALOKINDS) | $-206.30 Billion | 0.00% | 0.00x | $179.15 Million |
| Alps Industries Limited (ALPSINDUS) | $2.04 Billion | 0.00% | 5.49x | $155.37K |
| Ambika Cotton Mills Limited (AMBIKCO) | $5.65 Billion | 12.02% | 0.11x | $40.48 Million |
| Arvind Limited (ARVIND) | $34.04 Billion | 11.88% | 1.03x | $623.55 Million |
| Axita Cotton Limited (AXITA) | $362.65 Million | 42.51% | 2.00x | $21.73 Million |
| AYM Syntex Limited (AYMSYNTEX) | $789.26 Million | 14.66% | 2.84x | $26.36 Million |
| Banswara Syntex Limited (BANSWRAS) | $2.69 Billion | 3.12% | 2.99x | $11.94 Million |
| Bannari Amman Spinning Mills Limited (BASML) | $4.51 Billion | -4.87% | 1.72x | $6.49 Million |