MORARJEE TEXTILES LTD is a leading player of ashoka piramal group premium cotton shirting fabric and high fashion printed fabric globally. MORARJEE TEXTILES LTD is the first company in India to have successfully entered a joint venture with an Italian company for setting up a yarn dyed shirting fabric unit at Nagpur, India. The products are manufactured using the latest dyeing and finishing facilities and are in accordance with the Oeko-tex standard as well as national and international standards of full quality control assurance, at all times. MORARJEE TEXTILES LTD is customer focused company. They are committed to delivering real value. MORARJEE TEXTILES LTD’s competitive advantage lies in its innovative design, product development and flexible service offering. Its customer base is spread across 20 countries around the globe and is growing. Today, MORARJEE TEXTILES LTD offers premium cotton shirting fabrics to most of the leading Indian and International brands. It makes premium voiles and high fashion printed fabrics for the Middle East, Far East, North African and European markets. One leading market player LIC housing finance holding 5% stake in MORARJEE TEXTILES LTD textile.

MORARJEE TEXTILES LTD has been maintaining a healthy dividend payout of 20.46%.

Contingent liabilities of Rs.60.47 Cr.

Market Cap: 199.08 Crores

Recommended Price: 54.80

Current Price

Book Value: 29.07

Stock P/E: 7.34

Stock is 7.00 paid up

Listed on BSE & NSE

MORARJEE TEXTILES LTD has good return on investment for last couple of years. one can buy MORARJEE TEXTILES LTD @ 54 rs which is regionable price for long term gain.