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Morarjee Textiles Ltd
NSE: MORARJEE BSE: 532621
₹9.68
(4.99%)
Mon, 25 May 2026, 05:39 pm
Market Cap396.02M
PE Ratio0
Dividend0
Process Industries
Textiles
24.5KCompany History
1995
- MTL was established as an equal joint venture company between Morarjee Realties Ltd and Manifattura DiValle Brembana SPA of Italy.
1997
- The company achieved a turnover of Rs. 8.48 crores.
1998
- The company commenced commercial production in January.
2003
- MRL acquired the entire equity stake held by Brembana in the company for US$ 1 million.
- MRL undertook a restructuring exercise and transferred its textile business to the company.
2006
- The company issued rights in the ratio of 3:4.
2009
- Ms. Rupa Desai was appointed Company Secretary and Compliance Officer.
- The company issued rights in the ratio of 1:1.
2013
- The Board recommended a dividend of Rs. 1.75 per share on equity shares of Rs. 7 each.
2014
- The Board recommended a dividend of Rs. 2.45 per share on equity shares of Rs. 7 each.