---
title: "Morarjee Textiles Ltd (MORARJEE) — Share Price, Financials & Analysis"
symbol: "MORARJEE"
company: "Morarjee Textiles Ltd"
canonical: "https://tapetide.com/stocks/MORARJEE"
isin: "INE161G01027"
nse_symbol: "MORARJEE"
bse_code: "532621"
sector: "Consumer Discretionary"
industry: "Textiles & Apparels"
market_cap_cr: 33.5
generated_at: "2026-09-13T19:26:09.102Z"
---

# Morarjee Textiles Ltd (MORARJEE)

Canonical page: https://tapetide.com/stocks/MORARJEE

## Company

- **NSE Symbol:** MORARJEE
- **BSE Code:** 532621
- **ISIN:** INE161G01027
- **Sector:** Consumer Discretionary
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2012-09-14
- **CEO:** Mr. Harshvardhan Ashok Piramal B.Sc., MBA
- **Face Value:** ₹7
- **F&O Eligible:** No
- **Website:** morarjeetextiles.com

## About

Incorporated in 1995, Morarjee Textiles 
Ltd is in the business of manufacturing 
and export of shirting fabric and printed 
fabric[1]

## Latest Price

- **Price:** ₹9.22
- **Change:** 0 (0%)
- **Open:** ₹9.22
- **Day High:** ₹9.22
- **Day Low:** ₹9.22
- **Previous Close:** ₹9.22
- **Volume:** 0
- **As Of:** 2026-09-07T09:52:43+00:00

## Key Fundamentals

Observed at 2026-09-07T04:33:44.531498Z.

- **Market Cap:** ₹33.5 Cr
- **Classification:** Microcap
- **P/E (reported):** -0.2
- **Book Value:** ₹-132.04
- **Price to Book:** -0.07
- **Dividend Yield:** 0%
- **ROE:** 66.55%
- **ROCE:** 53.4%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹208.2 Cr
- **Net Income:** ₹-185.2 Cr
- **EBITDA:** ₹-50.5 Cr
- **52-Week High:** ₹12.41
- **52-Week Low:** ₹5.58

## Tapetide Score

- **Score:** 40 / 100
- **Score date:** 2026-09-04
- **Archetype:** Cheap but Weak
- **What it means:** A low multiple sitting on weak financials. Worth establishing what the market is discounting before treating the low valuation as an opportunity — weak fundamentals often justify it.
- **Pillar profile:** Quality: Weak · Valuation: Cheap · Momentum: Rising
- **Percentile:** 14.5 (of 4473 scored stocks)
- **Confidence:** 84%
- **Data coverage:** 67%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 9.56 | 9% |
| growth | 1.1 | 9% |
| momentum | 97.15 | 12% |
| ownership | 50 | 24% |
| quality | 26.44 | 22% |
| valuation | 60.91 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -37.7% over past five years.
- Contingent liabilities of Rs.27.7 Cr.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -57.98% | 107.64% | -89.31% |
| ebitda margin growth | — | — | — | -298.85% |
| net income growth | -9.25% | 110.22% | 200.65% | 655.92% |
| revenue growth | — | -23.88% | -45% | -38% |
| roce | 88.13% | -387.1% | -779.39% | 7.57% |
| roe | 8.96% | -29.52% | 459.25% | -326.44% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 57 | 58 | 77 | 80 | 45 | 52 | 59 | 51 | 11 | 0 | 9 | 13 |
| Expenses | 54 | 61 | 73 | 78 | 60 | 65 | 70 | 65 | 21 | -6 | 15 | 26 |
| Operating Profit | 3 | -3 | 4 | 2 | -15 | -13 | -11 | -13 | -10 | 6 | -6 | -12 |
| OPM % | 4.4 | -4.5 | 6 | 2.1 | -34 | -24 | -19 | -26 | -95 | — | -63 | -94 |
| Other Income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | -32 | -1 | -6 | 0 | 0 |
| Interest | 17 | 17 | 19 | 20 | 20 | 21 | 22 | 17 | 21 | 22 | 20 | 88 |
| Depreciation | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | -19 | -25 | -20 | -24 | -40 | -39 | -39 | -68 | -37 | -28 | -31 | -105 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 |
| Net Profit | -19 | -25 | -20 | -24 | -40 | -39 | -39 | -68 | -37 | -28 | -31 | -106 |
| EPS in Rs | -5.33 | -6.96 | -5.46 | -6.53 | -11.15 | -10.63 | -10.64 | -18.66 | -10.16 | -7.75 | -8.44 | -29.09 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 365 | 337 | 377 | 361 | 349 | 382 | 194 | 272 | 207 | 33 |
| Expenses | 306 | 283 | 315 | 292 | 308 | 340 | 191 | 266 | 259 | 55 |
| Operating Profit | 60 | 54 | 62 | 69 | 41 | 42 | 3 | 6 | -52 | -22 |
| OPM % | 16 | 16 | 16 | 19 | 12 | 11 | 1.4 | 2.2 | -25 | -68 |
| Other Income | 1 | 2 | 7 | 6 | 2 | 2 | 1 | 1 | -31 | -6 |
| Interest | 19 | 23 | 40 | 51 | 54 | 57 | 55 | 72 | 80 | 150 |
| Depreciation | 10 | 10 | 19 | 23 | 23 | 24 | 23 | 23 | 22 | 21 |
| Profit before tax | 32 | 24 | 10 | 1 | -34 | -37 | -74 | -88 | -185 | -201 |
| Tax % | 36 | 30 | -14 | 50 | -29 | -29 | -17 | 0 | 0 | 0 |
| Net Profit | 21 | 17 | 12 | 0 | -24 | -26 | -62 | -88 | -185 | -201 |
| EPS in Rs | 5.71 | 4.55 | 3.25 | 0.11 | -6.74 | -7.19 | -16.98 | -24.28 | -51.08 | -55.45 |
| Dividend Payout % | 31 | 31 | 43 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
| Reserves | 83 | 91 | 88 | 82 | 58 | 32 | -30 | -119 | -304 | -505 |
| Borrowings | 220 | 381 | 501 | 521 | 510 | 380 | 517 | 525 | 515 | 506 |
| Other Liabilities | 98 | 117 | 124 | 105 | 129 | 248 | 145 | 195 | 267 | 415 |
| Total Liabilities | 426 | 614 | 738 | 733 | 722 | 685 | 657 | 627 | 504 | 441 |
| Fixed Assets | 217 | 296 | 512 | 499 | 477 | 455 | 432 | 410 | 388 | 366 |
| CWIP | 15 | 70 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 9 | 9 | 5 | 5 | 5 | 1 | 1 | 1 | 0 | 0 |
| Other Assets | 185 | 240 | 218 | 229 | 240 | 229 | 224 | 217 | 116 | 74 |
| Total Assets | 426 | 614 | 738 | 733 | 722 | 685 | 657 | 627 | 504 | 441 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 48 | 39 | 61 | 53 | 70 | 175 | -98 | 18 | 8 | 3 |
| Cash from Investing Activity | -11 | -162 | -135 | -8 | -1 | 6 | 0 | 0 | 0 | 2 |
| Cash from Financing Activity | -37 | 131 | 74 | -43 | -65 | -187 | 103 | -6 | -22 | -3 |
| Net Cash Flow | 0 | 8 | 0 | 2 | 4 | -6 | 5 | 12 | -14 | 2 |
| Free Cash Flow | 37 | -123 | -82 | 47 | 69 | 175 | -99 | 18 | 7 | 3 |
| CFO/OP | 92 | 79 | 102 | 82 | 173 | 415 | -3660 | 298 | -15 | -14 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 64 | 77 | 59 | 54 | 43 | 34 | 67 | 28 | 9 | 19 |
| Inventory Days | 205 | 265 | 321 | 395 | 331 | 216 | 315 | 209 | 101 | 227 |
| Days Payable | 98 | 176 | 253 | 236 | 292 | 225 | 412 | 242 | 248 | 1076 |
| Cash Conversion Cycle | 170 | 166 | 126 | 213 | 82 | 25 | -30 | -5 | -139 | -830 |
| Working Capital Days | -20 | -21 | -70 | -10 | -69 | -158 | -422 | -505 | -1098 | -9586 |
| ROCE % | 16 | 11 | 9 | 8 | 3 | 4 | -4 | -3 | -22 | -26 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 59.71% | 59.71% | 59.71% | 59.71% | 59.71% | 59.71% | 59.71% | 59.71% | 59.71% | 59.71% | 59.71% | 59.71% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 4.29% | 4.29% | 4.29% | 4.29% | 4.29% | 4.29% | 4.29% | 4.01% | 4.01% | 4.01% | 4.01% | 4.01% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 26.06% | 25.2% | 25.08% | 25.99% | 25.22% | 27.59% | 27.36% | 27.54% | 27.46% | 27.24% | 27.49% | 27.51% |
| Others | 9.94% | 10.79% | 10.91% | 10.01% | 10.78% | 8.41% | 8.64% | 8.74% | 8.81% | 9.03% | 8.78% | 8.76% |
| No. of Shareholders | 14933 | 14928 | 14621 | 14710 | 14516 | 15083 | 14789 | 16890 | 16587 | 16427 | 16483 | 16418 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 4 / 6

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 10.85 | Sell |
| EMA (10) | 10.25 | Sell |
| SMA (20) | 10.12 | Sell |
| EMA (20) | 10.07 | Sell |
| SMA (50) | 9.04 | Buy |
| EMA (50) | 9.2 | Buy |
| SMA (100) | 7.96 | Buy |
| EMA (100) | 8.53 | Buy |
| SMA (200) | 8.12 | Buy |
| EMA (200) | 8.37 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 44.29 | Neutral |
| MACD (12,26,9) | 0.39 | Sell |
| Stochastic (14,3,3) | 30.13 | Neutral |
| ADX (14) | 26.44 | Buy |
| Williams %R (14) | -87.64 | Buy |
| ATR (14) | 0.6 | High Volatility |
| ROC (12) | -5.44 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 35.21 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-06-18 | [Announcement under Regulation 30 (LODR)-Cessation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ce07cefb-7de8-49f7-8605-a1cb89eeb3e4.pdf) |
| 2026-06-13 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b7770720-997e-4d18-af99-15c58f392c52.pdf) |
| 2026-05-13 | [Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bdffe098-49d9-4deb-839e-e333c40b4a67.pdf) |
| 2026-05-13 | [Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=089ef357-0ea1-43b3-92c6-a3a30adb07f3.pdf) |
| 2026-05-12 | [Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eb9b6e49-f526-456d-929c-d51eb19a3a12.pdf) |
| 2026-05-12 | [Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ea445adc-dc96-4e29-84f9-5ac8c5361b2d.pdf) |
| 2026-05-11 | [Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8638c69f-5119-4160-9a33-1d1d56d7f4b0.pdf) |
| 2026-03-10 | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c5cbed2a-05e3-489c-8f3d-d455ff425e5a.pdf) |
| 2026-02-26 | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=89e456d4-93a4-4028-a4bd-1927f2cc1fad.pdf) |
| 2026-01-14 | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2443fdd8-5f9d-4612-b729-96a326f881c7.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 26 Feb - Thirty Fourth Committee of Creditors meeting held 16 February 2026 at 3:00 PM under CIRP. | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors 26 Feb - Thirty Fourth Committee of Creditors meeting held 16 February 2026 at 3:00 PM under CIRP.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/89e456d4-93a4-4028-a4bd-1927f2cc1fad.pdf) |
| 19 Dec 2025 - COC 32nd meeting held 18 December 2025 at 11:00 AM for Morarjee Textiles. | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors 19 Dec 2025 - COC 32nd meeting held 18 December 2025 at 11:00 AM for Morarjee Textiles.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c723fc8f-dae6-44e7-9d65-b9ef1b9240a4.pdf) |
| 19 Dec 2025 - 31st Committee of Creditors meeting held 16 Oct 2025 at 12:30pm for Morarjee Textiles under CIRP. | [Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors 19 Dec 2025 - 31st Committee of Creditors meeting held 16 Oct 2025 at 12:30pm for Morarjee Textiles under CIRP.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39d37088-7ac2-4146-ba6c-dcd92354274b.pdf) |
| 15h - NCLT approved Morarjee Textiles’ resolution plan on 11 May 2026. | [Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal 15h - NCLT approved Morarjee Textiles’ resolution plan on 11 May 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8638c69f-5119-4160-9a33-1d1d56d7f4b0.pdf) |
| 14 Jan - Notice: 33rd Committee of Creditors meeting on 16 Jan 2026 at 12:00 PM. | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors 14 Jan - Notice: 33rd Committee of Creditors meeting on 16 Jan 2026 at 12:00 PM.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2443fdd8-5f9d-4612-b729-96a326f881c7.pdf) |
| 10 Mar - Morarjee Textiles: Notice of 35th Committee of Creditors meeting on 10 March 2026 at 3:00 PM. | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors 10 Mar - Morarjee Textiles: Notice of 35th Committee of Creditors meeting on 10 March 2026 at 3:00 PM.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c5cbed2a-05e3-489c-8f3d-d455ff425e5a.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2024-10-29 | [Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=df102756-37aa-4057-8613-5fe6aff7b6cd.pdf) |
| 2024-02-14 | [Outcome Of Board Meeting Held On 14.02.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c2deacda-5ae3-4b68-8148-cf903b2c238d.pdf) |
| 2024-02-14 | [Outcome Of Board Meeting Held On 14.02.2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cceec36a-a5e7-4339-b15c-3f51a5605831.pdf) |
| 2023-11-10 | [Un-Audited Financial Results For The Quarter And Half Year Ended 30.09.2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=aa84c5ac-49ce-4efd-80bb-446a1c675166.pdf) |
| 2023-10-20 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On 20Th October, 2023.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cc302eb4-a8c7-4a61-a17a-d1228790bfca.pdf) |
| 2023-05-29 | [Results For F. Y. 2022-23](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=50706e10-af70-439e-a8ec-fc116229bac2.pdf) |
| 2023-02-08 | [Board Meeting Outcome for Outcome Of The Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2b2e13a3-f9fe-46a2-bfff-fb849f1cbee7.pdf) |
| 2023-02-08 | [Results For The Quarter And Nine Months Ended 31St December, 2022.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7ef0f6fe-5de2-4566-93f0-008fe0c4bf08.pdf) |
| 2022-11-18 | [Related Party Disclosure As Per Regulation 23(9) Of SEBI (LODR) Regulations 2015 For 30.09.2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=16055e79-b4f6-4934-ac21-a18b80e9e375.pdf) |
| 2022-11-04 | [Board Meeting Outcome for Outcome Of Board Meeting Held On 4Th November, 2022.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d82aa102-3a1c-4e8b-b538-c0cb3e6a7456.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_MORARJETEX_2010_2011_21072011072526.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_MORARJETEX_2009_2010_13042011121212.zip) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/889d4b44-569e-4e97-9e0b-9f626e628456.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532621/74040532621.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532621/68785532621.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532621/65730532621.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532621/5326210319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532621/5326210318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532621/5326210317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532621/5326210316.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:26:09.102Z.