Piotex Industries Ltd
Founded in 2019, Piotex Industries Limited is engaged in contract manufacturing and trading of yarns, fabrics, and cotton bales[1]
- Market Cap ₹ 23.8 Cr.
- Current Price ₹ 46.6
- High / Low ₹ 98.0 / 35.0
- Stock P/E 7.07
- Book Value ₹ 50.0
- Dividend Yield 0.00 %
- ROCE 23.9 %
- ROE 19.3 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.93 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.9%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 46.4 days to 66.1 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
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 54 | 80 | 86 | 118 | 134 | |
| 53 | 79 | 82 | 115 | 130 | |
| Operating Profit | 1 | 1 | 4 | 4 | 5 |
| OPM % | 2% | 2% | 5% | 3% | 3% |
| 0 | 0 | 1 | 0 | 0 | |
| Interest | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 4 | 4 | 4 |
| Tax % | 27% | 26% | 26% | 25% | 25% |
| 1 | 1 | 3 | 3 | 3 | |
| EPS in Rs | 40.00 | 49.33 | 192.67 | 8.45 | 6.58 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 19% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 66% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -39% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 34% |
| Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 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 | 4 | |
| Total Liabilities | 5 | 14 | 18 | 36 | 32 |
| 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 5 | 14 | 17 | 36 | 32 | |
| Total Assets | 5 | 14 | 18 | 36 | 32 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -1 | 0 | 3 | -2 | -8 | |
| 0 | 0 | -0 | -0 | -2 | |
| 2 | -1 | -2 | 2 | 10 | |
| Net Cash Flow | 1 | -1 | 0 | -0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 21 | 8 | 39 | 99 | 50 |
| Inventory Days | 3 | 40 | 0 | 1 | 2 |
| Days Payable | 11 | 26 | 42 | 63 | 9 |
| Cash Conversion Cycle | 13 | 22 | -2 | 36 | 43 |
| Working Capital Days | 13 | 30 | 32 | 41 | 66 |
| ROCE % | 29% | 65% | 39% | 24% |
Documents
Announcements
- Result- Financial Result 31.03.2025 30 May
-
Board Meeting Outcome for Result 31.03.2025
30 May - Piotex Industries reports audited FY25 results with unmodified opinion; appoints internal and secretarial auditors.
-
Board Meeting Intimation for Consideration Of Audited Result For March-25
24 May - Board meeting on May 30 to approve FY25 audited results and appoint secretarial auditor.
-
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
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.