Textile stock jumps upon securing ₹60 Cr export order from multiple international clients

Synopsis: Manomay Tex India Ltd shares rose upon receiving ₹ 60 Crore export order for Spinning Yarn and Denim Fabric from global clients, to be completed by August 30, 2026.

The shares of Micro-Cap textile company, specializing primarily in the manufacturing of high-quality denim fabrics, catering to both domestic and international markets under its ‘Manomay’ brand, jumped upto 2 percent upon securing an export order from multiple international clients.

With a market capitalization of Rs. 415.12 Crores on Wednesday, the shares of Manomay Tex India Ltd jumped upto 2.3 percent, making a high of Rs. 234.90 compared to its previous closing price of Rs. 229.45.

What Happened 

Manomay Tex India Ltd, engaged in the manufacturing of high-quality denim fabrics, catering to both domestic and international markets under its ‘Manomay’ brand, has received an export order worth Rs. 60 Crores from Multiple International Clients.

The order is for the manufacturing of Spinning Yarn and Denim (Cotton) Fabric. These orders have been awarded by international clients from Latin American countries, China, Bangladesh, and others and are to be completed by August 30, 2026.

Financials & Others 

The company’s revenue declined by 5.86 percent from Rs. 176.50 crore to Rs. 166.15 crore in Q2FY25-26. Meanwhile, Net profit rose from Rs. 4.79 crores to Rs. 5.57 crores during the same period.

The company has demonstrated strong financial performance with a Return on Capital Employed (ROCE) of 12.7% and a Return on Equity (ROE) of 13.9%. It boasts a favourable Price-to-Earnings Growth (PEG) ratio of 0.60, indicating undervaluation relative to its growth potential. 

Additionally, the company has achieved a robust compound annual growth rate (CAGR) of 23.2% in profits over the last 5 years, reflecting consistent and impressive growth.

Manomay Tex India Ltd (MTIL) is a Bhilwara, India-based company specializing in manufacturing and selling denim fabrics (under the “Manomay” brand) and suiting fabrics, with strong exports to many countries and a focus on sustainable, technologically advanced production, aiming for global growth by upgrading facilities and adopting eco-friendly practices like zero liquid discharge. 

The company supply the premium denim products across India’s major metro cities, including New Delhi, Mumbai, Chennai, Kolkata, and more. On the global stage, they expanded the reach to over 14 countries, including Colombia, Mexico, Egypt, Bangladesh and others, making a mark in diverse markets worldwide.

Written by Sridhar J

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