Manomay Tex India Ltd. Stock Analysis MANOMAY.NS

Manomay Tex India Ltd. engages in the provision of textile business. The company is headquartered in Bhilwara, Rajasthan and currently employs 1,202 full-time employees. The company went IPO on 2017-03-28. The firm primarily manufactures and sells denim fabrics in domestic and international markets and has an integrated production operation in Rajasthan (India). The company operates in one segment: Textiles. The company sells its products under the brand name of MANOMAY. The Company’s denim unit is equipped with dyeing, weaving and finishing facilities of yarn/fabric. The company procures the raw materials i.e. yarn from its spinning unit and the local suppliers and weaves fabric. Domestically, the Company trades throughout India, primarily in various cities like New Delhi, Mumbai, Kolkata, Ahmadabad, Ludhiana, Indore, Kanpur, Bellary, Hathras, Ulhasnagar, Bhilwara and Bhavnagar. The company exports its denim to over 15 countries: Colombia, Mexico, Egypt, Chile, Venezuela, Paraguay, Guatemala, Peru, Ecuador, Lebanon, Bangladesh, Argentina, Bolivia, Morocco and the United States.