Texmo Pipes & Products Ltd

₹ 64.1 -1.57%

23 Dec - close price

texmopipe.com BSE: 533164 NSE: TEXMOPIPES

About

Incorporated in 2008, Texmo Pipes and Products manufactures and trades PVC, HDPE, SWR, Sprinkler, Drip, CPVC Pipes & Fittings^[1]

Key Points

Product Profile:
a) Water Tank^[1]
b) CPVC Pipes and Fittings^[2]
c) SWR Pipes & Fittings^[3]
d) Plumbing Pipes and Fittings^[4]
e) Submersible Column Pipe^[5]
f) Rigid PVC Pipes & Agricultural Fittings^[6]
g) Casing Pipes For Tube Well^[7]
h) HDPE Coils^[8]
i) PLB HDPE Duct^[9]
j) HDPE Sprinkler Pipes & Fittings^[10]
k) Drip Irrigation System^[11]
l) Suction Hose^[12]
m) Garden Pipes^[13]
n) Conduit Pipes^[14]
o) Solvent Cement^[15]

Website BSE NSE

Market Cap ₹ 187 Cr.
Current Price ₹ 64.1
High / Low ₹ 108 / 59.0
Stock P/E 17.2
Book Value ₹ 69.8
Dividend Yield 0.00 %
ROCE 12.7 %
ROE 6.86 %
Face Value ₹ 10.0

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Pros

Stock is trading at 0.92 times its book value

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 11.8% over past five years.
Company has a low return on equity of 5.54% over last 3 years.
Debtor days have increased from 35.4 to 44.7 days.
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: Plastic products Industry: Plastics Products

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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
	129.25	133.69	170.44	162.28	102.89	206.38	166.89	204.04	122.69	122.47	89.14	110.79	60.89
	120.02	125.94	161.09	156.09	97.86	194.61	149.02	189.50	116.70	115.04	79.09	101.11	55.82
Operating Profit	9.23	7.75	9.35	6.19	5.03	11.77	17.87	14.54	5.99	7.43	10.05	9.68	5.07
OPM %	7.14%	5.80%	5.49%	3.81%	4.89%	5.70%	10.71%	7.13%	4.88%	6.07%	11.27%	8.74%	8.33%
	0.50	0.24	0.33	0.30	0.32	0.29	-12.09	0.24	0.16	0.32	-4.99	0.27	0.86
Interest	2.11	1.90	2.80	3.21	2.45	4.06	3.20	3.07	2.17	1.52	1.48	1.78	1.37
Depreciation	1.64	1.72	3.25	2.59	2.70	2.85	2.69	2.60	2.62	2.62	2.61	2.45	2.30
Profit before tax	5.98	4.37	3.63	0.69	0.20	5.15	-0.11	9.11	1.36	3.61	0.97	5.72	2.26
Tax %	17.56%	21.74%	33.61%	17.39%	50.00%	37.86%	2,409.09%	12.73%	30.15%	29.92%	286.60%	23.60%	-35.40%
	4.93	3.41	2.41	0.57	0.10	3.21	-2.75	7.95	0.95	2.53	-1.80	4.37	3.07
EPS in Rs	1.69	1.17	0.83	0.20	0.03	1.10	-0.94	2.72	0.33	0.87	-0.62	1.50	1.05
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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
	153	175	241	253	257	243	306	326	425	563	635	534	383
	138	158	220	232	242	231	289	303	396	527	594	496	351
Operating Profit	15	17	22	21	15	12	17	23	29	35	41	38	32
OPM %	10%	10%	9%	8%	6%	5%	6%	7%	7%	6%	6%	7%	8%
	1	1	1	2	4	4	2	0	1	1	-11	-4	-4
Interest	9	10	13	13	12	10	10	11	9	9	13	8	6
Depreciation	5	5	5	6	7	5	6	6	6	8	11	10	10
Profit before tax	2	3	5	5	1	1	4	6	14	20	6	15	13
Tax %	45%	27%	32%	24%	320%	79%	16%	30%	22%	26%	81%	36%
	1	2	3	4	-1	0	3	4	11	15	1	10	8
EPS in Rs	0.52	0.76	1.39	1.57	-0.47	0.11	1.27	1.65	3.85	5.00	0.39	3.30	2.80
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	12%
5 Years:	12%
3 Years:	8%
TTM:	-45%

Compounded Profit Growth
10 Years:	23%
5 Years:	35%
3 Years:	5%
TTM:	-41%

Stock Price CAGR
10 Years:	16%
5 Years:	36%
3 Years:	-2%
1 Year:	-14%

Return on Equity
10 Years:	4%
5 Years:	5%
3 Years:	6%
Last Year:	7%

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	24	24	24	24	24	25	26	26	29	29	29	29	29
Reserves	92	94	97	101	119	120	125	129	142	156	158	167	174
	49	58	54	59	66	60	51	50	28	38	30	39	35
	26	38	53	58	81	80	91	80	82	83	90	85	71
Total Liabilities	191	213	228	242	291	285	294	286	280	306	307	320	309
	49	47	45	43	110	109	113	114	111	143	139	134	116
CWIP	0	0	0	0	0	3	0	0	0	0	0	0	0
Investments	3	3	46	46	12	12	12	12	12	12	6	11	11
	139	163	137	152	168	160	169	159	158	152	162	175	182
Total Assets	191	213	228	242	291	285	294	286	280	306	307	320	309

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
	25	9	21	12	8	23	18	17	29	38	15	19
	0	-9	-3	-5	-5	-9	-4	-6	-2	-27	6	-21
	-25	0	-18	-8	-4	-14	-14	-12	-27	-11	-20	2
Net Cash Flow	0	0	1	-1	-0	1	-1	0	-0	0	0	-0

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	51	45	46	51	66	61	73	50	38	29	32	45
Inventory Days	151	168	136	139	150	131	98	108	62	55	52	60
Days Payable	58	78	78	79	89	94	91	69	48	39	35	39
Cash Conversion Cycle	144	135	103	111	127	98	80	89	52	44	49	66
Working Capital Days	114	117	88	94	104	107	92	89	67	45	46	63
ROCE %	6%	7%	10%	10%	6%	5%	6%	9%	12%	14%	14%	13%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	44.24%	44.24%	44.24%	44.24%	44.24%	44.24%	44.24%	44.24%	44.24%	44.24%	44.24%	44.24%
	1.07%	1.07%	0.88%	1.02%	0.92%	0.91%	0.85%	0.63%	0.60%	0.27%	0.29%	0.25%
	0.01%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	54.69%	54.68%	54.88%	54.74%	54.84%	54.85%	54.92%	55.14%	55.15%	55.50%	55.46%	55.50%
No. of Shareholders	36,934	54,600	56,417	57,184	55,509	54,261	53,077	49,486	47,045	47,318	45,326	46,062

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	31.65%	34.93%	34.93%	38.15%	44.24%	44.24%	44.24%	44.24%	44.24%
	0.00%	0.00%	0.00%	0.00%	0.00%	1.07%	0.91%	0.27%	0.25%
	0.01%	0.00%	0.00%	0.25%	0.23%	0.01%	0.00%	0.00%	0.00%
	68.34%	65.07%	65.07%	61.61%	55.54%	54.68%	54.85%	55.50%	55.50%
No. of Shareholders	14,983	15,557	17,575	16,784	19,289	54,600	54,261	47,318	46,062

* 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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Texmo Pipes & Products Ltd

Texmo Pipes & Products Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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