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Manomay Tex India Ltd. (MANOMAY) AI Stock Analysis

IN:MANOMAY

Manomay Tex India Ltd.

(NSE:MANOMAY)

Select Model
Rating:56Neutral
Price Target:INR 257.00â–²(4.51% Upside)
Action:reiterated
Date:10/17/26

The score is held back primarily by financial performance risks—especially elevated leverage and persistently negative free cash flow (including negative operating cash flow in 2026). Offsetting this, technicals are strong with price above key moving averages and positive momentum indicators. Valuation is middling (P/E 22.85) with no dividend yield support.

Positive Factors
Revenue ExpansionRevenue has more than doubled across the reported period, demonstrating meaningful business expansion and increased sales scale. A larger revenue base can improve operating leverage and strengthen the company’s ability to serve downstream textile customers over the next several quarters.
Negative Factors
Elevated LeverageThe substantial rise in debt relative to equity has made the capital structure more leveraged and reduces financial flexibility. Higher leverage increases sensitivity to profitability and cash-flow swings, potentially limiting the company’s ability to fund expansion or absorb weaker operating periods.

Manomay Tex India Ltd. (MANOMAY) vs. iShares MSCI India ETF (INDA)

-30%-20%-10%0%10%20%30%IN:MANOMAY+15.99%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 4.08B
Dividend Yield
―
Average Volume (3M)
20.38K
Price to Earnings (P/E)
23.2
Beta (1Y)
0.14
Revenue Growth
5.50%
EPS Growth
8.34%
Country
India
Employees
1,165
Sector
General
Sector Strength
55
Industry
Manufacturing - Textiles

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 goo...

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 generated...

Manomay Tex India Ltd. Financial Statement Overview

Summary

Growth is strong, but overall financial quality is constrained by rising leverage and weak cash generation. Income statement shows material revenue expansion with thin/volatile margins, balance sheet indicates elevated debt vs equity, and cash flow is the key risk with negative operating cash flow in 2026 and persistently negative free cash flow across all years provided.

Income Statement

62Positive

Balance Sheet

46Neutral

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue7.44B7.11B6.97B5.83B6.64B5.70B
Gross Profit2.24B2.22B2.93B274.40M2.42B348.41M
EBITDA842.01M843.68M855.88M495.56M421.75M297.62M
Net Income201.44M196.41M192.53M130.03M129.50M77.06M
Balance Sheet
Total Assets06.76B6.18B5.84B3.93B3.22B
Cash, Cash Equivalents and Short-Term Investments4.55M4.55M19.49M207.19M240.44M26.47M
Total Debt03.48B3.29B3.00B1.45B1.42B
Total Liabilities-1.71B5.05B4.70B4.55B2.77B2.55B
Stockholders Equity1.71B1.71B1.48B1.29B1.16B678.41M
Cash Flow
Free Cash Flow-268.58M-239.98M-168.86M-1.41B-36.16M-167.16M
Operating Cash Flow-171.75M-33.59M41.55M128.13M116.91M138.37M
Investing Cash Flow-92.16M-158.41M-32.05M-1.63B-229.39M-295.82M
Financing Cash Flow264.85M192.69M-17.79M1.38B250.18M390.23M

Manomay Tex India Ltd. Technical Analysis

Technical Analysis SentimentPositive
Last Price245.90

Price Trends

50DMA232.74Positive
100DMA213.88Positive
200DMA213.26Positive

Market Momentum

MACD4.32Positive
RSI58.77Neutral
STOCH69.19Neutral

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 245.90 is above the 20-day moving average (MA) of 242.39, above the 50-day MA of 232.74, and above the 200-day MA of 213.26, indicating a bullish trend. The MACD of 4.32 indicates Positive momentum. The RSI at 58.77 is Neutral, neither overbought nor oversold. The STOCH value of 69.19 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

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:MANOMAY against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:PASHUPATIIN:PASHUPATI69NeutralINR 21.25B149.39―0.04%――
IN:BORANAIN:BORANA66NeutralINR 5.51B7.94――――
IN:MANOMAYIN:MANOMAY56NeutralINR 4.44B23.24――5.50%8.34%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:RNBDENIMSIN:RNBDENIMS51NeutralINR 2.33B8.20――23.44%-27.95%
IN:SANATHANIN:SANATHAN50NeutralINR 41.85B69.02――48.53%-59.72%
IN:ABCOTSIN:ABCOTS42NeutralINR 3.61B25.48――――

* General Sector Average

Performance Comparison

-50%0%50%IN:MANOMAYIN:ABCOTSIN:PASHUPATIIN:SANATHANIN:BORANAIN:RNBDENIMSDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:MANOMAY and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:MANOMAYManomay Tex India Ltd.245.9031.6014.75%
IN:ABCOTSAB Cotspin India Ltd.164.45-255.55-60.85%
IN:PASHUPATIPashupati Cotspin Ltd.134.6053.6066.16%
IN:SANATHANSanathan Textiles Limited495.8514.853.09%
IN:BORANABorana Weaves Limited206.80-23.05-10.03%
IN:RNBDENIMSR&B Denims Ltd8.65-33.83-79.64%

Manomay Tex India Ltd. Corporate Events

Manomay Tex India Affirms SEBI Insider Trading Compliance for September Quarter

Oct 2, 2026

Manomay Tex India Ltd. has confirmed that it maintains a Structured Digital Database in accordance with the Securities and Exchange Board of India’s Prohibition of Insider Trading Regulations for the quarter ended September 2026. The managing d...

Manomay Tex India Corrects Director Identification Number in Exchange Filings

Sep 23, 2026

Manomay Tex India Ltd. has informed the stock exchanges that a typographical error was made in previously published corporate documents, where the director identification number of board member Mahendra Singh Rana was incorrectly stated. The company...

Manomay Tex India to shut trading window ahead of September quarter results

Sep 23, 2026

Manomay Tex India Ltd. has announced the closure of its trading window for directors, key managerial personnel, connected persons, designated employees and their immediate relatives from 1 October 2026 until 48 hours after the declaration of its unau...

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.

Date of analysis: Oct 17, 2026