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Maxwell Industries plans a product mix of 75:25 innerwear and apparel in FY17E from the current mix of 95:5. A combination of new product launches, foray into women wear, phasing out of manufacturing facilities and a renewed focus on garmenting and branding, has led us to believe that the fortunes of Maxwell Industries are set to turn around. Going forward we believe that following restructuring plans initiated by Maxwell Industries Ltd will help the company to achieve sales of Rs 427 crore Rs 59 crore of EBITDA in FY17E from revenue Rs 256 crore and EBITDA of Rs 23 crore respectively in FY14.”.

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