About Minaxi Textiles
Minaxi Textiles is a publicly listed company based in India founded in 1995 by Kanubhai Patel. Fabrics are manufactured by Minaxi Textiles in India since 1995. The company has 24 employees. Its Indian entity Minaxi Textiles Ltd reported revenue of ₹26.20 Cr. Minaxi Textiles offers products and services including Satin Fabric, Broken Twill Fabric, Cotton Quilts, and Suiting Lycra Fabric. Its focus areas include Consumer Goods, Home Furnishing Products, Home Textiles and Multi-Category. Its competitors include eha, Orbit Exports and Karighar; 1 of its 3 listed competitors has raised funding.
Company details
Minaxi Textiles was established in 1995 in India as a manufacturer of fabrics. Operations are centered on textile production, with the company focusing on fabric creation for various uses. The founder, Kanubhai Patel, holds DIN 00274788 and PAN AGWPP5449A. Based in India, the business maintains its online presence through the domain minaxitextiles.com. Core activities remain dedicated to the textile sector without additional services noted.
- Headquarters India
- Employees 24
- Founders Kanubhai Patel
- Stage Public
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website minaxitextiles.com
- Legal Name Minaxi Textiles Ltd
- Market Cap₹5.73 Cr
MINAXI · BSE
- Share Price₹1.20
+3.45% today
- Revenue₹23.14 Cr
FY 2025-26 · -19.9% YoY
- EBITDA₹0.92 Cr
Margin 4.0%
- Net Profit−₹1.90 Cr
FY 2025-26 · -77.6% YoY
- P/E (TTM)9.3x
P/B 1.3x
- ROE-52.3%
ROCE 3.1%
- Debt / Equity4.07
Interest cover 219.6x
- Employee Count24
Associated legal entities of Minaxi Textiles
Minaxi Textiles is associated with 2 registered companies on The Company Check; the primary company is Minaxi Textiles Ltd, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Minaxi Textiles Ltd Listed CIN L17119GJ1995PLC025007 | Active | 14 Mar 1995 | Kalol, Gujarat | ₹26.2 Cr | 24 | 10 | View details |
| Meenakshi Textiles Ltd CIN U17124RJ1985PLC003252 | Active | 22 Mar 1985 | Bhilwara, Rajasthan | ₹15.5 Cr | 3 | View details |
Products & Services of Minaxi Textiles
Minaxi Textiles offers a comprehensive portfolio of products and services, including Satin Fabric, Broken Twill Fabric, Cotton Quilts, and Suiting Lycra Fabric.
Weaved material used for clothing and textiles applications.
Specialty fabric for durable clothing and uniform production.
Soft quilts made from cotton for bedding and home use.
Stretchable fabric for suiting and professional attire needs.
Board of directors of Minaxi Textiles Ltd (Minaxi Textiles)
Minaxi Textiles Ltd is the primary company behind Minaxi Textiles. The boards of the 2 registered companies of Minaxi Textiles currently have 11 directors; the longest-serving is Sumit Bansal, appointed in 2001. 21 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sumit Bansal DIN 00230500 | Director | 15 Feb 2001 | 25 yrs 8 mo | Meenakshi Textiles Ltd |
| Vineet Bansal DIN 00230551 | Director | 15 Feb 2001 | 25 yrs 8 mo | Meenakshi Textiles Ltd |
| Bharatbhai Prabhudas Patel DIN 00161825 | Director | 25 Jul 2001 | 25 yrs 3 mo | Minaxi Textiles Ltd |
| Dineshkumar Purusottamdas Patel DIN 02268757 | Managing Director | 30 Sep 2008 | 18 yrs 1 mo | Minaxi Textiles Ltd |
| Kiritkumar Shambhubhai Patel DIN 00372855 | Whole-time director | 30 Sep 2009 | 17 yrs 1 mo | Minaxi Textiles Ltd |
| Sweta Parind Patel DIN 08597528 | Director | 15 Nov 2019 | 6 yrs 11 mo | Minaxi Textiles Ltd |
| Snehalkumar Rajendrakumar Patel DIN 07339340 | Director | 14 Sep 2020 | 6 yrs 1 mo | Minaxi Textiles Ltd |
| Chirag Nalinbhai Shah DIN 08904247 | Director | 23 Oct 2020 | 6 yrs | Minaxi Textiles Ltd |
| Parul Mittal DIN 09439238 | Director | 10 Jan 2022 | 4 yrs 10 mo | Meenakshi Textiles Ltd |
| Ravikumar Ghanshyambhai Patel DIN 10566088 | Director | 01 Apr 2024 | 2 yrs 7 mo | Minaxi Textiles Ltd |
| Sandip Viththalbhai Madriya DIN 10565153 | Director | 01 Apr 2024 | 2 yrs 7 mo | Minaxi Textiles Ltd |
People of Minaxi Textiles
1 people are tracked at Minaxi Textiles (1 in leadership); the tracked headcount is 24.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Minaxi Textiles
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Minaxi Textiles
Minaxi Textiles is a publicly listed company on the BSE with ticker symbol MINAXI in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date22 Feb 1996
- Listed onBSE: 531456
- Listed entityMinaxi Textiles Ltd
- Exchange sectorProcess industries
- ISININE952C01028
- Share price₹1.27 (+0.79% on the day) · 2026-10-14
- Market capitalisation₹6.2 Cr
- Price to earnings107.6
- EPS (diluted, trailing year)₹0.01
- Volume (last session)109
Financials of Minaxi Textiles
Exchange-reported figures of Minaxi Textiles Ltd, the listed company behind Minaxi Textiles (BSE: MINAXI).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 23.14 | 28.88 | 34.29 | 29.21 | 31.11 | 14.80 | 16.72 |
| Revenue growth | -19.9% | -15.8% | +17.4% | -6.1% | +110.2% | -11.5% | - |
| EBITDA | 0.92 | 0.86 | (2.83) | (5.58) | 0.71 | 1.10 | 2.83 |
| EBITDA margin | +4.0% | +3.0% | -8.3% | -19.1% | +2.3% | +7.4% | +16.9% |
| Profit before tax | 2.45 | (0.68) | (3.84) | (8.33) | (2.06) | (1.92) | 0.01 |
| Net profit | (1.90) | (1.07) | (3.11) | (6.24) | (1.56) | (1.57) | 0.27 |
| Net profit margin | -8.2% | -3.7% | -9.1% | -21.4% | -5.0% | -10.6% | +1.6% |
| EPS (₹) | 0.36 | (0.11) | (0.63) | (1.26) | (0.29) | (0.29) | 0.02 |
| Balance sheet | |||||||
| Total assets | 16.53 | 16.78 | 19.83 | 26.44 | 33.61 | 37.64 | 36.53 |
| Net worth | 4.20 | 2.32 | 2.79 | 5.92 | 12.19 | 13.76 | 15.38 |
| Total debt | 12.20 | 14.34 | 16.88 | 20.37 | 21.27 | 23.74 | 21.00 |
| Cash & bank | 0.00 | 0.04 | 0.02 | 0.03 | 0.16 | 0.03 | 0.01 |
| Net working capital | 6.89 | 6.33 | 8.84 | 15.73 | 24.14 | 27.81 | 26.35 |
| Cash flow | |||||||
| Cash from operations | 0.33 | 3.40 | 4.74 | 2.93 | 4.68 | (0.41) | (0.23) |
| Cash from investing | 2.89 | 0.80 | 0.01 | 0.01 | 0.13 | 0.13 | 0.14 |
| Cash from financing | (3.25) | (4.18) | (4.76) | (3.07) | (4.69) | 0.30 | 0.00 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.59 | 5.89 | 6.21 | 4.51 | 7.04 | 5.37 | 6.19 | 5.92 |
| Revenue growth (YoY) | -20.6% | +9.7% | +0.3% | -23.8% | -9.9% | -40.1% | - | - |
| Other income | 0.01 | 0.02 | 0.02 | 0.00 | 0.01 | 3.03 | 0.01 | 0.00 |
| Total expenses | 4.64 | 5.38 | 5.38 | 4.49 | 6.79 | 5.55 | 4.77 | 5.99 |
| EBITDA | 0.95 | 0.51 | 0.83 | 0.02 | 0.25 | (0.18) | 1.42 | (0.07) |
| EBITDA margin | +17.0% | +8.7% | +13.4% | +0.4% | +3.6% | -3.4% | +22.9% | -1.2% |
| Depreciation | 0.13 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.07 | 0.13 |
| Interest | 0.28 | 0.28 | 0.23 | 0.24 | 0.35 | 0.30 | 0.40 | 0.40 |
| Profit before tax | 0.55 | 0.14 | 0.52 | (0.32) | (0.19) | 2.45 | 0.96 | (0.60) |
| Tax | 0.14 | 0.03 | 0.14 | (0.07) | (0.03) | 0.62 | 0.24 | (0.15) |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.59 | 5.89 | 6.21 | 4.51 | 7.04 | 5.37 | 6.19 | 5.92 |
| Revenue growth (YoY) | -20.6% | +9.7% | +0.3% | -23.8% | -9.9% | -40.1% | - | - |
| Other income | 0.01 | 0.02 | 0.02 | 0.00 | 0.01 | 3.03 | 0.01 | 0.00 |
| Total expenses | 4.64 | 5.38 | 5.38 | 4.49 | 6.79 | 5.55 | 4.77 | 5.99 |
| EBITDA | 0.95 | 0.51 | 0.83 | 0.02 | 0.25 | (0.18) | 1.42 | (0.07) |
| EBITDA margin | +17.0% | +8.7% | +13.4% | +0.4% | +3.6% | -3.4% | +22.9% | -1.2% |
| Depreciation | 0.13 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.07 | 0.13 |
| Interest | 0.28 | 0.28 | 0.23 | 0.24 | 0.35 | 0.30 | 0.40 | 0.40 |
| Profit before tax | 0.55 | 0.14 | 0.52 | (0.32) | (0.19) | 2.45 | 0.96 | (0.60) |
| Tax | 0.14 | 0.03 | 0.14 | (0.07) | (0.03) | 0.62 | 0.24 | (0.15) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 23.14 | 28.88 | 34.29 | 29.21 | 31.11 | 14.80 | 16.72 |
| Revenue growth | -19.9% | -15.8% | +17.4% | -6.1% | +110.2% | -11.5% | - |
| Other income | 3.06 | 0.57 | 0.84 | 0.04 | 0.08 | 0.06 | 0.04 |
| Total expenses | 22.22 | 28.02 | 37.12 | 34.79 | 30.40 | 13.70 | 13.89 |
| Employee cost | 0.71 | 0.75 | 0.91 | 0.95 | 0.81 | 0.58 | 1.02 |
| EBITDA | 0.92 | 0.86 | (2.83) | (5.58) | 0.71 | 1.10 | 2.83 |
| EBITDA margin | +4.0% | +3.0% | -8.3% | -19.1% | +2.3% | +7.4% | +16.9% |
| Depreciation | 0.41 | 0.47 | 0.58 | 0.62 | 0.63 | 0.64 | 0.67 |
| Interest | 1.12 | 1.64 | 1.27 | 2.17 | 2.22 | 2.44 | 2.19 |
| Profit before tax | 2.45 | (0.68) | (3.84) | (8.33) | (2.06) | (1.92) | 0.01 |
| Tax | 0.66 | (0.16) | (0.73) | (2.09) | (0.47) | (0.32) | (0.10) |
| Net profit | (1.90) | (1.07) | (3.11) | (6.24) | (1.56) | (1.57) | 0.27 |
| Net profit margin | -8.2% | -3.7% | -9.1% | -21.4% | -5.0% | -10.6% | +1.6% |
| EPS (₹) | 0.36 | (0.11) | (0.63) | (1.26) | (0.29) | (0.29) | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4.94 | 4.94 | 4.94 | 4.94 | 5.56 | 5.56 | 5.56 |
| Reserves & surplus | (0.74) | (2.62) | (2.15) | 0.98 | 6.63 | 8.20 | 9.82 |
| Shareholders' funds (net worth) | 4.20 | 2.32 | 2.79 | 5.92 | 12.19 | 13.76 | 15.38 |
| Secured loans | 9.22 | 13.42 | 15.25 | 17.89 | 18.81 | 19.52 | 15.60 |
| Unsecured loans | 2.98 | 0.92 | 1.63 | 2.48 | 2.46 | 4.22 | 5.40 |
| Total debt | 12.20 | 14.34 | 16.88 | 20.37 | 21.27 | 23.74 | 21.00 |
| Total liabilities | 16.53 | 16.78 | 19.83 | 26.44 | 33.61 | 37.64 | 36.53 |
| Assets | |||||||
| Gross block | 18.67 | 18.81 | 22.75 | 22.77 | 22.77 | 23.36 | 24.63 |
| Net block | 6.34 | 6.88 | 7.59 | 8.17 | 8.78 | 9.50 | 10.24 |
| Capital work in progress | 0.29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 7.43 | 8.09 | 9.05 | 9.80 | 16.74 | 23.31 | 21.83 |
| Sundry debtors | 3.42 | 2.14 | 3.83 | 13.66 | 11.99 | 7.16 | 8.13 |
| Cash & bank balances | 0.00 | 0.04 | 0.02 | 0.03 | 0.16 | 0.03 | 0.01 |
| Loans & advances | 1.53 | 0.87 | 1.37 | 2.12 | 2.03 | 1.19 | 0.95 |
| Total current assets | 12.38 | 11.14 | 14.27 | 25.61 | 30.92 | 31.69 | 30.92 |
| Total current liabilities | 5.49 | 4.81 | 5.43 | 9.88 | 6.78 | 3.88 | 4.57 |
| Net working capital | 6.89 | 6.33 | 8.84 | 15.73 | 24.14 | 27.81 | 26.35 |
| Total assets | 16.53 | 16.78 | 19.83 | 26.44 | 33.61 | 37.64 | 36.53 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.04 | 0.02 | 0.03 | 0.16 | 0.03 | 0.01 | 0.09 |
| Net cash from operating activities | 0.33 | 3.40 | 4.74 | 2.93 | 4.68 | (0.41) | (0.23) |
| Net cash from investing activities | 2.89 | 0.80 | 0.01 | 0.01 | 0.13 | 0.13 | 0.14 |
| Net cash from financing activities | (3.25) | (4.18) | (4.76) | (3.07) | (4.69) | 0.30 | 0.00 |
| Net change in cash | (0.04) | 0.02 | (0.01) | (0.13) | 0.13 | 0.02 | (0.09) |
| Closing cash | 0.00 | 0.04 | 0.02 | 0.03 | 0.16 | 0.03 | 0.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -19.9% | -15.8% | +17.4% | -6.1% | +110.2% | -11.5% | - |
| EBITDA growth | +7.0% | +130.4% | +49.3% | -885.9% | -35.5% | -61.1% | - |
| PBT growth | +9998.0% | +82.3% | +53.9% | -304.4% | -7.3% | - | -93.8% |
| Net income growth | -77.6% | +65.6% | +50.2% | -300.0% | +0.6% | -681.5% | - |
| Revenue CAGR (3Y) | -7.5% | -2.5% | +32.3% | +20.4% | -11.2% | -35.3% | -33.1% |
| EBITDA CAGR (3Y) | - | +6.6% | - | - | -48.1% | -44.3% | -23.2% |
| Profitability & leverage | |||||||
| Net income margin | +7.7% | -1.8% | -9.1% | -21.4% | -5.1% | -10.8% | +0.7% |
| Return on capital employed | +3.1% | 0.0% | 0.0% | -20.4% | +0.5% | +1.4% | +6.7% |
| Return on net worth | -52.3% | 0.0% | 0.0% | -68.6% | -12.3% | -11.0% | +1.8% |
| Debt / equity | 4.07 | 6.11 | 4.28 | 2.30 | 1.73 | 1.53 | 1.30 |
| Long-term debt / equity | 2.08 | 3.03 | 2.37 | 1.29 | 0.71 | 0.42 | 0.24 |
| Interest cover | 219.61 | 420.51 | -37.24 | -35.00 | 2,775.00 | 530.43 | 101.39 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.23 | 1.39 | 1.51 | 1.28 | 1.35 | 0.62 | 0.67 |
| Inventory turnover | 2.98 | 3.37 | 3.64 | 2.20 | 1.55 | 0.66 | 0.81 |
| Debtors turnover | 8.32 | 9.68 | 3.92 | 2.28 | 3.25 | 1.94 | 1.72 |
| EPS (₹) | 0.36 | (0.11) | (0.63) | (1.26) | (0.29) | (0.29) | 0.02 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.85 | 0.47 | 0.57 | 1.20 | 2.19 | 2.48 | 2.77 |
Competitors of Minaxi Textiles
Minaxi Textiles has 3 listed competitors in our database, 1 of them funded. They include eha, Orbit Exports and Karighar.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| eha.eco | 2015 | Bengaluru, India | $818,934 | 2 | Online platform offering a wide range of eco-friendly kitchen and garden supplies | |
| orbitexports.com | 1983 | Mumbai, India | 7 | Orbit Exports is recognized as a leading fabric exporter from India. | ||
| karighar.co.in | 2018 | New Delhi, India | 81 | Sells handcrafted lifestyle items, supports artisans, focuses on eco-friendly production. |
Detailed competitors of Minaxi Textiles
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Top companies in Home & Living Products
3 companies that operate in the same segment as Minaxi Textiles (Home & Living Products) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of interior design and renovation services for homes and offices | 2014 | Bengaluru, Karnataka, India | USD 511.55 M | USD 172.66 M | 4,353 | |
Multi-category products are rented via subscription model. | 2014 | Bengaluru, Karnataka, India | USD 58.71 M | USD 14.82 M | 422 | |
Internet-first brand offering multi-category home furniture | 2012 | Bengaluru, Karnataka, India | USD 108.06 M | USD 35.34 B | 43,024 |
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Frequently Asked Questions about Minaxi Textiles
Minaxi Textiles was founded in 1995.
Minaxi Textiles is headquartered in India.
Minaxi Textiles has 24 employees.
The primary company behind Minaxi Textiles, Minaxi Textiles Ltd, reported revenue of ₹26.20 Cr for FY 2026, down 20% year on year.
Minaxi Textiles was established in 1995 in India as a manufacturer of fabrics. Operations are centered on textile production, with the company focusing on fabric creation for various uses. The founder, Kanubhai Patel, holds DIN 00274788 and PAN AGWPP5449A. Based in India, the business maintains its online presence through the domain minaxitextiles.com. Core activities remain dedicated to the textile sector without additional services noted.
Minaxi Textiles's top competitors include Karighar, Orbit Exports and eha.
Minaxi Textiles offers Satin Fabric, Broken Twill Fabric, Cotton Quilts, and Suiting Lycra Fabric.
Yes, Minaxi Textiles is publicly traded on BSE under the ticker symbol MINAXI.
Minaxi Textiles is associated with 2 legal entities: Minaxi Textiles Ltd, Meenakshi Textiles Ltd.
The legal entities of Minaxi Textiles currently have 13 directors, including Dineshkumar Purusottamdas Patel, Bharatbhai Prabhudas Patel, Sweta Parind Patel and others.