Texmo Pipes & Products Ltd

Texmo Pipes & Products Ltd

₹ 60.9 0.98%
22 Nov - close price
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]

  • Market Cap 178 Cr.
  • Current Price 60.9
  • High / Low 108 / 59.0
  • Stock P/E 32.6
  • Book Value 70.2
  • Dividend Yield 0.00 %
  • ROCE 10.2 %
  • ROE 3.72 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.87 times its book value

Cons

  • The company has delivered a poor sales growth of 11.6% over past five years.
  • Company has a low return on equity of -6.12% over last 3 years.
  • Debtor days have increased from 35.5 to 45.1 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.

Peer comparison

Sector: Plastic products Industry: Plastics Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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 85.02 118.78 63.99
120.02 125.94 161.13 156.09 97.86 194.61 221.90 189.50 116.71 115.09 79.56 105.78 58.31
Operating Profit 9.23 7.75 9.31 6.19 5.03 11.77 -55.01 14.54 5.98 7.38 5.46 13.00 5.68
OPM % 7.14% 5.80% 5.46% 3.81% 4.89% 5.70% -32.96% 7.13% 4.87% 6.03% 6.42% 10.94% 8.88%
0.42 -0.02 0.25 0.21 0.23 0.20 -11.82 0.24 0.16 0.32 -4.97 0.26 0.25
Interest 2.11 1.90 2.80 3.21 2.45 4.06 3.20 3.07 2.17 1.52 1.58 1.80 2.01
Depreciation 1.64 1.72 3.25 2.59 2.70 2.85 2.69 2.60 2.62 2.62 2.80 3.47 3.36
Profit before tax 5.90 4.11 3.51 0.60 0.11 5.06 -72.72 9.11 1.35 3.56 -3.89 7.99 0.56
Tax % 17.80% 23.11% 34.76% 20.00% -27.27% 38.54% 3.64% 12.73% 30.37% 30.34% 74.29% 22.78% -160.71%
4.85 3.16 2.29 0.48 0.14 3.12 -75.37 7.95 0.94 2.48 -6.78 6.17 1.46
EPS in Rs 1.66 1.08 0.78 0.16 0.05 1.07 -25.82 2.72 0.32 0.85 -2.31 1.95 0.87
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
205 237 309 253 295 249 306 326 425 563 635 530 390
190 220 287 232 280 237 289 303 396 527 667 497 359
Operating Profit 15 17 22 20 15 12 17 22 29 35 -32 33 32
OPM % 7% 7% 7% 8% 5% 5% 6% 7% 7% 6% -5% 6% 8%
1 2 2 2 4 4 2 0 1 1 -11 -4 -4
Interest 9 10 13 13 12 10 10 11 9 9 13 8 7
Depreciation 5 5 5 6 7 5 6 6 6 8 11 11 12
Profit before tax 2 3 5 4 0 1 4 6 14 19 -67 10 8
Tax % 44% 27% 31% 26% 562% 88% 18% 32% 23% 26% 7% 55%
1 2 3 3 -1 0 3 4 11 14 -72 5 3
EPS in Rs 0.53 0.78 1.43 1.39 -0.56 0.06 1.13 1.50 3.71 4.87 -24.58 1.59 1.36
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 8%
5 Years: 12%
3 Years: 8%
TTM: -44%
Compounded Profit Growth
10 Years: 15%
5 Years: 23%
3 Years: -13%
TTM: 111%
Stock Price CAGR
10 Years: 14%
5 Years: 33%
3 Years: 5%
1 Year: -17%
Return on Equity
10 Years: -1%
5 Years: -2%
3 Years: -6%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 97 104 110 117 166 167 176 187 197 214 158 168 176
49 58 54 59 67 60 51 50 28 38 30 56 57
26 38 53 58 81 80 91 80 82 83 90 94 73
Total Liabilities 196 224 241 259 338 332 345 343 336 364 307 347 335
49 47 45 43 110 109 113 114 111 143 139 167 150
CWIP -0 0 0 1 1 4 0 0 0 0 0 -0 3
Investments 7 7 0 0 -0 -0 -0 -0 -0 -0 -0 -0 -0
140 170 196 215 227 219 232 228 225 221 168 180 182
Total Assets 196 224 241 259 338 332 345 343 336 364 307 347 335

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 9 22 12 8 24 20 20 27 41 -43 20
19 -9 -4 -5 -5 -9 -7 -9 -0 -29 64 -36
-22 0 -17 -8 -3 -14 -14 -12 -27 -11 -20 17
Net Cash Flow 1 -0 1 -1 -1 1 -1 0 -0 0 0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 92 85 103 139 57 60 73 50 38 29 32 45
Inventory Days 103 115 100 139 126 127 98 108 62 55 52 65
Days Payable 40 53 57 79 75 91 91 69 48 39 35 45
Cash Conversion Cycle 155 146 145 198 109 96 80 89 52 44 49 65
Working Capital Days 173 171 136 181 90 104 92 89 67 45 46 63
ROCE % 6% 7% 10% 9% 5% 4% 5% 7% 9% 11% -17% 10%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 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 36,93454,60056,41757,18455,50954,26153,07749,48647,04547,31845,32646,062

* 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.

Click on the line-items to see the names of individual entities.

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