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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
CARE BB+
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 9 Aug 2022
This rating is over a year old.
View Full Report52-Week Range
Valuation
Financials (FY2024)
Source: CRISILInvestment Thesis
Maharaja Shree Umaid Mills Limited is an 80-year-old textile company in Pali, Rajasthan under the L N Bangur promoter group, with additional wind power operations. Its promoter backing and revenue diversification are strengths, but the core textile business faces structural headwinds. As an unlisted entity with limited public disclosures, detailed financial assessment is not possible without MCA filings.
Pros
Cons
Business Segments
Cotton & Synthetic Textile Manufacturing
Spinning, weaving, and processing of cotton and synthetic textiles including yarn and fabric. Operations based in Pali, Rajasthan, serving domestic apparel and fabric markets.
Wind Power Generation
Generation and sale of wind power through wind turbines installed in Rajasthan. Revenue from sale of electricity to state utilities or under power purchase agreements.
Revenue Model
Maharaja Shree Umaid Mills Limited generates revenue from two primary sources: (1) sale of cotton and synthetic textile products (yarn, fabric) to apparel manufacturers and traders, and (2) sale of wind-generated electricity under power purchase agreements or to state utilities. The dual revenue model provides some insulation from the cyclicality of the textile sector.
Detailed Analysis
Growth Plans
India's growing renewable energy transition supporting wind power asset valuations and PPAs
Textile PLI scheme potentially benefiting established mills investing in capacity modernisation
L N Bangur group strength providing financial and managerial support
Rajasthan's large wind resource endowment enabling further renewable energy expansion
Industry Tailwinds
Recent Developments
The company continues to operate its wind power generation assets in Rajasthan, contributing a steady revenue stream alongside its textile operations.
No recent press releases, news coverage, or regulatory announcements found in the public domain for this specific entity.
Comparable Companies
NITINSPIN · ~₹1,500 Cr
SUTLEJTEX · ~₹1,500 Cr
Frequently Asked Questions
About Maharaja Shree Umaid Mills
Maharaja Shree Umaid Mills Limited is one of Rajasthan's oldest textile manufacturing companies, incorporated in 1942 and named after Maharaja Umaid Singh of Jodhpur — a testament to its royal patronage roots. Located in Pali, Rajasthan — one of India's historically significant textile manufacturing towns — the company engages in the spinning, weaving, and processing of textile products. Pali district in Rajasthan has a deep textile heritage: it is known for its synthetic and cotton textile dyeing, processing, and manufacturing industries. The town hosts hundreds of textile units, from small powerlooms to large integrated mills, making it a significant textile cluster in North India. Founded during the pre-Independence era (1942), Maharaja Shree Umaid Mills has witnessed over 80 years of India's textile industry transformation — from the post-Independence nationalisation debates, through liberalisation, to the modern era of PLI schemes and export promotion. The company's longevity is evidence of its ability to adapt to changing industry dynamics. The company serves both domestic and potentially export markets for its textile products, leveraging Rajasthan's established textile ecosystem, which includes denim manufacturers, synthetic processors, and traditional textile artisans. Pali's textile sector is known for its dyeing and processing capabilities, which feed into India's broader garment and home textile manufacturing supply chain. As a legacy mill company, Maharaja Shree Umaid Mills faces the common challenges of traditional textile mills: aging machinery, competition from newer efficient mills, and the need to invest in modern technology to remain competitive in a dynamic market.
Key Milestones
1939 — Mill operations reportedly commenced, named after Maharaja Umaid Singh of Jodhpur
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
India's growing renewable energy transition supporting wind power asset valuations and PPAs
Textile PLI scheme potentially benefiting established mills investing in capacity modernisation
L N Bangur group strength providing financial and managerial support
Rajasthan's large wind resource endowment enabling further renewable energy expansion
Industry Headwinds
Textile overcapacity and competition from integrated players and cheaper imports
Environmental compliance costs for textile operations in Rajasthan's water-stressed Pali region
Wind power tariff reductions and policy uncertainty under state electricity regulatory frameworks
Key Strengths
Moderate capital structure as well as debt coverage indicators
Experienced promoter group in textile industry with financial resourcefulness
Analytical approach: Consolidated.
Applicable criteria
Policy on default recognition
Key Weaknesses
Working capital intensive nature of operations
Key Rating strengths
Moderate capital structure as well as debt coverage indicators
Experienced promoter group in textile industry with financial resourcefulness
Company reported a net loss of ₹1.01 Cr (FY2024) — may signal structural profitability challenges
Source: Financial data
Net profit margin is thin at 0.5% (FY2024) — limited buffer against revenue or cost shocks
Source: Financial data
Interest coverage ratio of 1.58x (FY2024) — earnings provide limited headroom to service debt obligations
Source: Financial data
Traditional cotton and synthetic textile milling is a mature sector with chronic overcapacity, low margins, and pressure from cheaper imports
Source: Company Financial Filings
Textile mills in Pali, Rajasthan have historically faced water scarcity and discharge-related environmental challenges; stricter norms could raise compliance costs
Source: Media Reports / Public Records
Cotton and synthetic fibre prices are volatile; large price swings in cotton or polyester directly impact yarn and fabric manufacturing margins
Source: Company Financial Filings
Wind power tariffs and power purchase agreement terms are subject to regulatory changes by Rajasthan Electricity Regulatory Commission (RERC)
Source: Regulatory Filings
Limited scale relative to large modern textile parks and integrated manufacturers makes cost competition difficult
Source: Media Reports / Public Records
Working capital intensive nature of operations
Source: AlphaHub Research
Key Rating strengths
Source: AlphaHub Research
Moderate capital structure as well as debt coverage indicators
Source: AlphaHub Research
Experienced promoter group in textile industry with financial resourcefulness
Source: Media Reports / Public Records
Traditional cotton and synthetic textile milling is a mature sector with chronic overcapacity, low margins, and pressure from cheaper imports
Textile mills in Pali, Rajasthan have historically faced water scarcity and discharge-related environmental challenges; stricter norms could raise compliance costs
Cotton and synthetic fibre prices are volatile; large price swings in cotton or polyester directly impact yarn and fabric manufacturing margins
Wind power tariffs and power purchase agreement terms are subject to regulatory changes by Rajasthan Electricity Regulatory Commission (RERC)
Limited scale relative to large modern textile parks and integrated manufacturers makes cost competition difficult
1942 — Incorporated as a public limited company in Rajasthan (CIN: L17111RJ1942PLC000590)
Operated as a cotton and synthetic textile mill serving domestic markets for over eight decades
Diversified into wind power generation in the 2000s–2010s, capitalising on Rajasthan's wind energy potential
Continued under the L N Bangur group umbrella alongside other group entities
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