Texel Industries Ltd

₹ 92.9 5.00%

23 Dec - close price

About

Incorporated in 1989, Texel Industries Ltd manufactures Tarpaulins and Geomembranes^[1]

Key Points

Product Profile:
a) Geomembrane^[1]
b) Agrosheet^[2]
c) Azollabed^[3]
d) Geotube^[4]
e) Vermibed^[5]
f) Growbags^[6]
g) Geotank^[7]
h) Tarapaulins^[8]

Website BSE

Market Cap ₹ 124 Cr.
Current Price ₹ 92.9
High / Low ₹ 103 / 31.1
Stock P/E
Book Value ₹ 18.9
Dividend Yield 0.00 %
ROCE -5.73 %
ROE -40.6 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Stock is trading at 4.92 times its book value
Company has low interest coverage ratio.
Promoter holding has decreased over last quarter: -13.6%
The company has delivered a poor sales growth of -3.32% over past five years.
Promoter holding is low: 28.2%
Company has a low return on equity of -22.5% over last 3 years.
Promoters have pledged 27.9% of their holding.
Earnings include an other income of Rs.5.02 Cr.
Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Packaging Industry: Packaging

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	23.02	17.32	22.85	30.91	26.72	13.46	28.62	24.48	24.93	21.67	23.81	23.73	27.85
	21.21	16.07	22.25	30.24	26.22	15.34	29.46	23.92	24.48	21.17	23.09	23.16	28.00
Operating Profit	1.81	1.25	0.60	0.67	0.50	-1.88	-0.84	0.56	0.45	0.50	0.72	0.57	-0.15
OPM %	7.86%	7.22%	2.63%	2.17%	1.87%	-13.97%	-2.94%	2.29%	1.81%	2.31%	3.02%	2.40%	-0.54%
	0.07	0.25	0.74	0.40	0.36	0.27	-0.45	0.04	0.06	0.16	0.08	0.02	4.76
Interest	0.83	0.79	1.17	1.52	1.42	1.31	0.49	1.59	1.30	1.12	1.51	1.00	1.61
Depreciation	0.21	0.22	0.79	1.28	1.32	1.32	1.35	1.35	1.37	1.37	1.37	1.15	2.16
Profit before tax	0.84	0.49	-0.62	-1.73	-1.88	-4.24	-3.13	-2.34	-2.16	-1.83	-2.08	-1.56	0.84
Tax %	23.81%	22.45%	-17.74%	4.05%	11.70%	-4.95%	-5.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.65	0.38	-0.51	-1.80	-2.10	-4.03	-2.95	-2.34	-2.16	-1.83	-2.08	-1.56	0.84
EPS in Rs	0.78	0.53	-0.61	-2.16	-2.52	-4.83	-3.54	-2.81	-2.59	-2.19	-2.49	-1.87	1.01
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	40.99	69.38	63.88	69.99	53.29	91.08	112.35	95.50	82.62	90.94	99.72	94.89	97.06
	39.14	67.41	61.60	67.23	49.63	86.03	106.94	89.56	77.70	85.50	101.25	92.58	95.42
Operating Profit	1.85	1.97	2.28	2.76	3.66	5.05	5.41	5.94	4.92	5.44	-1.53	2.31	1.64
OPM %	4.51%	2.84%	3.57%	3.94%	6.87%	5.54%	4.82%	6.22%	5.95%	5.98%	-1.53%	2.43%	1.69%
	14.19	0.50	13.62	0.88	0.05	0.57	0.36	0.27	0.35	1.11	0.58	0.30	5.02
Interest	0.64	1.31	1.01	1.56	1.35	0.87	1.70	1.49	1.43	3.38	4.76	5.56	5.24
Depreciation	0.59	0.62	0.50	0.49	0.93	0.51	0.73	0.60	0.81	1.42	5.27	5.46	6.05
Profit before tax	14.81	0.54	14.39	1.59	1.43	4.24	3.34	4.12	3.03	1.75	-10.98	-8.41	-4.63
Tax %	0.00%	0.00%	3.20%	16.35%	20.98%	28.07%	24.55%	24.27%	27.39%	26.86%	-0.91%	0.00%
	14.81	0.55	13.93	1.33	1.14	3.04	2.51	3.13	2.21	1.29	-10.89	-8.41	-4.63
EPS in Rs	15.11	0.56	14.21	1.06	1.37	3.66	3.02	3.77	2.66	1.55	-13.06	-10.08	-5.54
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	3%
5 Years:	-3%
3 Years:	5%
TTM:	6%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	60%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	6%
1 Year:	79%

Return on Equity
10 Years:	-2%
5 Years:	-11%
3 Years:	-22%
Last Year:	-41%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	6.15	6.15	6.15	7.89	5.22	5.22	5.22	5.22	5.22	8.34	8.34	8.34	8.34
Reserves	-12.77	-12.24	1.67	3.00	5.98	9.03	11.93	14.95	17.24	27.40	16.53	8.12	7.39
	6.78	6.40	5.66	3.75	0.56	1.51	1.63	1.63	22.96	39.52	32.74	24.37	19.55
	23.61	27.28	15.62	16.90	14.35	20.40	28.77	16.96	29.33	30.87	51.99	56.90	79.70
Total Liabilities	23.77	27.59	29.10	31.54	26.11	36.16	47.55	38.76	74.75	106.13	109.60	97.73	114.98
	4.39	4.72	5.08	5.32	4.78	7.16	8.48	8.78	25.07	54.54	54.73	50.07	46.05
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.01	1.46	6.25	0.86	0.00	0.03	0.05
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.00	0.00	0.00	0.00	0.00
	19.38	22.87	24.02	26.22	21.33	29.00	39.05	28.51	43.43	50.73	54.87	47.63	68.88
Total Assets	23.77	27.59	29.10	31.54	26.11	36.16	47.55	38.76	74.75	106.13	109.60	97.73	114.98

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-0.34	2.64	-11.08	2.10	5.79	2.07	3.62	4.39	19.98	1.06	17.43	14.90
	7.20	-0.58	12.78	0.16	-0.43	-2.35	-2.18	-1.93	-22.18	-25.32	-4.23	-0.66
	-6.87	-1.69	-1.87	-1.73	-5.33	0.07	-1.59	-1.49	0.93	24.22	-12.52	-14.68
Net Cash Flow	-0.01	0.37	-0.17	0.52	0.02	-0.21	-0.15	0.97	-1.28	-0.04	0.68	-0.45

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	61.71	57.13	57.82	63.52	55.14	49.57	59.55	24.27	76.96	29.94	59.92	52.58
Inventory Days	62.62	41.46	59.20	54.36	91.83	71.04	69.14	77.82	86.13	113.95	91.61	87.64
Days Payable	90.21	73.96	93.01	93.14	57.51	71.04	98.43	57.49	132.47	122.00	151.96	148.26
Cash Conversion Cycle	34.11	24.63	24.02	24.73	89.45	49.57	30.26	44.60	30.62	21.89	-0.43	-8.04
Working Capital Days	32.06	27.30	25.08	29.41	60.68	28.97	27.32	24.92	24.61	53.70	-2.78	-48.62
ROCE %		787.23%	28.43%	22.83%	21.97%	37.14%	29.18%	27.65%	13.27%	8.50%	-9.36%	-5.73%

Shareholding Pattern

Numbers in percentages

5 Recently

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Oct 2024
	41.81%	41.81%	41.81%	41.81%	41.81%	41.81%	41.81%	41.81%	41.81%	41.81%	41.81%	28.16%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.12%	0.00%
	58.19%	58.19%	58.19%	58.20%	58.19%	58.19%	58.19%	58.20%	58.20%	58.19%	58.07%	71.83%
No. of Shareholders	6,013	6,042	6,064	6,046	6,172	6,317	6,457	6,404	6,376	6,506	7,713	7,438

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Oct 2024
	34.25%	34.25%	34.25%	34.30%	39.09%	41.81%	41.81%	41.81%	28.16%
	6.70%	0.00%	0.00%	4.79%	4.79%	0.00%	0.00%	0.00%	0.00%
	59.05%	65.75%	65.75%	60.91%	56.13%	58.19%	58.19%	58.20%	71.83%
No. of Shareholders	5,155	5,117	5,102	5,040	5,005	6,013	6,172	6,376	7,438

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Texel Industries Ltd

Texel Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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