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Manomay Tex India Ltd.
(MANOMAY)
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Rating:49Neutral
Price Target:
₹234.00
▲(22.96% Upside)
Action:Reiterated
Date:07/18/26
The score is mainly held back by weak cash flow (negative operating cash flow in 2026 and persistently negative free cash flow) alongside rising leverage, which increases financial risk despite strong revenue growth. Technical indicators also lean bearish with price below long-term averages and negative MACD. Valuation is moderate (P/E ~18.3) but not enough to offset the cash flow and balance sheet pressure.
Positive Factors
Revenue Scale Expansion
Revenue increased from approximately ₹3.2B in 2021 to ₹7.1B in 2026, showing meaningful scale expansion across the synthetic-yarn business. Sustained growth creates a stronger base for customer volumes, utilization, and future earnings generation.
Negative Factors
Rising Leverage
Debt rose to about ₹3.48B in 2026 from roughly ₹0.94B in 2021, while equity growth lagged. This materially higher leverage reduces financial flexibility and makes the company more sensitive to profit, cash-flow, and refinancing pressure over the coming periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Scale Expansion
Revenue increased from approximately ₹3.2B in 2021 to ₹7.1B in 2026, showing meaningful scale expansion across the synthetic-yarn business. Sustained growth creates a stronger base for customer volumes, utilization, and future earnings generation.
Read all positive factors
Manomay Tex India Ltd. (MANOMAY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.24B
Dividend YieldN/A
Average Volume (3M)23.18K
Price to Earnings (P/E)22.0
Beta (1Y)0.18
Revenue Growth5.50%
EPS Growth3.50%
CountryIN
Employees747
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)10.38
Shares Outstanding18,048,735
10 Day Avg. Volume24,332
30 Day Avg. Volume23,176
Financial Highlights & Ratios
PEG Ratio11.00
Price to Book (P/B)2.49
Price to Sales (P/S)0.60
P/FCF Ratio-17.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Manomay Tex India Ltd. Business Overview & Revenue Model
Company Description
Manomay Tex India Ltd. operates within the textile industry, specializing in the creation and distribution of ready-to-stitch fabrics. Their production process includes the winding of yarn, weaving, and subsequent dispatch of the finished textile ...
How the Company Makes Money
Manomay Tex India Ltd. makes money primarily by producing and selling synthetic yarn (notably polyester yarn) to business customers in the textile value chain (e.g., fabric manufacturers, processors, and other industrial buyers). Revenue is genera...
Manomay Tex India Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
46
Neutral
Cash Flow
28
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.11B | 6.97B | 5.83B | 6.64B | 5.70B |
| Gross Profit | 2.22B | 2.93B | 745.50M | 2.42B | 474.23M |
| EBITDA | 843.68M | 855.88M | 498.29M | 421.75M | 297.62M |
| Net Income | 196.41M | 192.53M | 130.03M | 129.50M | 77.06M |
Balance Sheet | |||||
| Total Assets | 6.76B | 6.18B | 5.84B | 3.93B | 3.09B |
| Cash, Cash Equivalents and Short-Term Investments | 4.55M | 19.49M | 207.19M | 240.44M | 26.47M |
| Total Debt | 3.48B | 3.29B | 3.00B | 1.45B | 1.42B |
| Total Liabilities | 5.05B | 4.70B | 4.55B | 2.77B | 2.40B |
| Stockholders Equity | 1.71B | 1.48B | 1.29B | 1.16B | 678.41M |
Cash Flow | |||||
| Free Cash Flow | -239.98M | -168.86M | -1.41B | -36.16M | -167.16M |
| Operating Cash Flow | -33.59M | 41.55M | 128.13M | 116.91M | 138.37M |
| Investing Cash Flow | -158.41M | -32.05M | -1.63B | -229.39M | -287.94M |
| Financing Cash Flow | 192.69M | -17.79M | 1.38B | 250.18M | 390.23M |
Manomay Tex India Ltd. Technical Analysis
Positive
190.30
Price Trends
204.88
Positive
199.35
Positive
210.56
Positive
Market Momentum
6.67
Negative
70.92
Negative
74.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANOMAY, the sentiment is Positive. The current price of 190.3 is below the 20-day moving average (MA) of 220.68, below the 50-day MA of 204.88, and below the 200-day MA of 210.56, indicating a bullish trend. The MACD of 6.67 indicates Negative momentum. The RSI at 70.92 is Negative, neither overbought nor oversold. The STOCH value of 74.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MANOMAY.
Manomay Tex India Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | ₹2.77B | 9.70 | ― | ― | 23.44% | -27.95% | |
57 Neutral | ₹8.16B | 11.86 | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹12.93B | 92.00 | ― | 0.06% | ― | ― | |
50 Neutral | ₹38.56B | 63.30 | ― | ― | 48.53% | -59.72% | |
49 Neutral | ₹4.24B | 22.05 | ― | ― | 5.50% | 3.50% | |
48 Neutral | ₹4.61B | 32.50 | ― | ― | ― | ― |
* General Sector Average
IN:MANOMAY
Manomay Tex India Ltd.
234.65
66.35
39.42%
IN:ABCOTS
AB Cotspin India Ltd.
210.30
-230.10
-52.25%
IN:PASHUPATI
Pashupati Cotspin Ltd.
81.34
13.99
20.77%
IN:SANATHAN
Sanathan Textiles Limited
471.10
-32.75
-6.50%
IN:BORANA
Borana Weaves Limited
324.50
103.85
47.07%
IN:RNBDENIMS
R&B Denims Ltd
10.47
-23.69
-69.35%
Manomay Tex India Ltd. Corporate Events
Manomay Tex India Confirms Insider Trading Compliance for June 2026 Quarter
Jul 6, 2026
Manomay Tex India Ltd. operates in the textile industry from its registered office in Bhilwara, Rajasthan, a major hub for fabric manufacturing. The company focuses on textile production and is listed as a public limited entity, indicating its par...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.