Minaxi Textiles ( F.Y.2024-2025)
Executive Summary
Minaxi Textiles Limited is a company engaged in textile manufacturing with headquarters in Chhatral, Gandhinagar. It was incorporated way back in 1995. In FY 2024-25, it earned revenues to the tune of ₹2,888.47 lakhs. Despite adverse economic situations, the company managed to reduce its net losses in comparison to last year's. The management of the company has planned to improve operations in future for increasing business. Proper corporate governance and compliance of SEBI guidelines have been ensured by the company.
Company Overview
Minaxi Textiles Limited is an organization that manufactures textiles and was incorporated way back in the year 1995. The organization operates out of its manufacturing plant in Chhatral, Gandhinagar. The organization is involved in textile manufacture and associated operations. It is a company whose shares are listed at Bombay Stock Exchange (BSE). For the fiscal year 2024–25, the company recorded a turnover of ₹2,888.47 lakhs. Management is concentrating on operational improvement and expansion into future businesses.
Industry overview
The Textile Industry of India is regarded as one of the largest industries in India and contributes a lot to the development of the economy of the country. The textile industry in India has an important contribution to GDP, export and creation of employment opportunities in the nation. The production of cotton fibers, silk and artificial yarn/fiber is amongst the highest in the world. The Indian textile industry comprises spinning, weaving, garments and technical textiles. Growing demand for fashion products, urbanization, and increased levels of income will contribute to the growth of the Indian textiles industry.
Financial Performance ( Rs. in Lakhs)
Particulars | Year Ended on 31-03-2025 | Year Ended on 31-03-2024 |
Revenue from operations | 2888.47 | 3429.02 |
Other Income | 57.12 | 83.95 |
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) | (142.63) | (199.15) |
Finance Cost | 164.38 | 126.90 |
Depreciation and amortization expenses | 47.39 | 58.09 |
Profit Before Tax | (69.14) | (384.14) |
Tax Expenses | ||
Current Tax | (0.21) | 7.93 |
Deferred Tax | (16.16) | (80.91) |
Profit for the year | (52.77) | (311.16) |
Source :- Minaxi Textiles Limited Annual Report 2024–25
Key Financial Ratio ( F.Y.2024-25)
Ratio | 31st March 2025 | 31st March 2024 |
Current Ratio | 0.89 | 1.07 |
Debt Equity Ratio | 6.18 | 6.04 |
Return on Equity | -18.50% | -71.87% |
Inventory Turnover Ratio | 3.37 | 3.64 |
Net Profit Ratio | -0.02 | -0.09 |
Return on Capital Employed | 7.15% | -15.59% |
Debt Service Coverage Ratio | 0.34 | -0.45 |
Source :- Minaxi Textiles Limited Annual Report 2024–25
SWOT Analysis
Strength 1.This company has a strong experience in the Indian textile industry since 1995. 2.This company focuses on long term sustainability. 3.This company has a strong support from banking. | Weakness 1.This company has had net losses in recent financial years. 2.This company revenue has declined in F.Y.2024-2025. 3.This company depends upon textile market conditions. |
Opportunities 1.This company is growing their demand in domestic and export markets. 2.This company has government support through the PLI scheme and textile policies. | Threats 1.Prices of cotton and raw material fluctuation. 2.Affecting the consumer demand because of economic slowdown. |
Conclusion
Minaxi Textiles Limited is a textile manufacturing company. This company has strong experience in the textile industry. The company has faced losses in recent years. The company is now focusing on improving its operations and trying to expand its business in future. The company has a manufacturing base and has experienced management and compliance with corporate governance, which supports long stability. Government support and experience in this industry will help this company to grow in future. This company aims to strengthen its market position and financial performance.