Piotex Industries Ltd
₹ 40.8
2.00%
23 Apr
- close price
About
Founded in 2019, Piotex Industries Limited is engaged in contract manufacturing and trading of yarns, fabrics, and cotton bales[1]
Key Points
- Market Cap ₹ 20.8 Cr.
- Current Price ₹ 40.8
- High / Low ₹ 126 / 35.0
- Stock P/E 6.93
- Book Value ₹ 50.0
- Dividend Yield 0.00 %
- ROCE 38.9 %
- ROE 43.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.82 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 60.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 48.6 to 98.8 days.
* 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.
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 54 | 80 | 86 | 118 | |
| 53 | 79 | 82 | 115 | |
| Operating Profit | 1 | 1 | 4 | 4 |
| OPM % | 2% | 2% | 5% | 3% |
| 0 | 0 | 1 | 0 | |
| Interest | 0 | 0 | 1 | 0 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 4 | 4 |
| Tax % | 27% | 26% | 26% | 25% |
| 1 | 1 | 3 | 3 | |
| EPS in Rs | 40.00 | 49.33 | 192.67 | 8.45 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 30% |
| TTM: | 38% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 71% |
| TTM: | 4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 60% |
| Last Year: | 44% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 0.15 | 0.15 | 0.15 | 4 | 5 |
| Reserves | 1 | 1 | 4 | 6 | 20 |
| 2 | 5 | 4 | 4 | 2 | |
| 2 | 7 | 9 | 22 | 20 | |
| Total Liabilities | 5 | 14 | 18 | 36 | 48 |
| 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 5 | 14 | 17 | 36 | 48 | |
| Total Assets | 5 | 14 | 18 | 36 | 48 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| -1 | 0 | 3 | -2 | |
| 0 | 0 | -0 | -0 | |
| 2 | -1 | -2 | 2 | |
| Net Cash Flow | 1 | -1 | 0 | -0 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 21 | 8 | 39 | 99 |
| Inventory Days | 3 | 40 | 0 | 1 |
| Days Payable | 11 | 26 | 42 | 63 |
| Cash Conversion Cycle | 13 | 22 | -2 | 36 |
| Working Capital Days | 13 | 30 | 32 | 41 |
| ROCE % | 29% | 65% | 39% |
Documents
Announcements
-
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
19 Apr - Piotex confirms it is not a large corporate under SEBI debt issuance circular
-
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
19 Apr - Piotex confirms it isn’t a Large Corporate under SEBI 2018 debt-raising framework as of March 31, 2025
-
Non-Applicability Of Corporate Governance Report
11 Apr - Non-applicability of certain corporate governance regulations.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Apr - Dear Sir, Pls find the captioned certificate, as per subject.
- Closure of Trading Window 24 Mar
Annual reports
No data available.
Business Verticals
Trading in cotton bales, synthetic fibers, cotton yarns, and fabrics:[1] The company manufactures and trades cotton bales and yarn in Maharashtra's textile hubs like Malegaon, Ichalkaranji, and Bhiwandi. It also supplies yarn to Burhanpur and Ahmedabad. For its cotton yarn, the company has an exclusive distribution agreement with Babasaheb Deshmukh Industries Private Limited.