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 ₹ 31.3 Cr.
- Current Price ₹ 61.3
- High / Low ₹ 86.9 / 35.0
- Stock P/E 9.31
- 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.
- 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 42.8 days to 60.1 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
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: | -20% |
| 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 | 10 | 12 | 32 | 36 | 60 |
| ROCE % | 29% | 65% | 39% | 24% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 29 Jul
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
28 Jul - Summary of 6th AGM: financials adopted, director re-appointed, secretarial auditor and independent director appointed.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Jul - Dear Sir, Pls find attached Compliance report in PDF file.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
3 Jul - Dear Sir, Pls find PDF file.
-
Change CIN Of Company Pursuant To Listing Of Shares Of Company
3 Jul - Change of CIN from U17299PN2019PLC187464 to L17299PN2019PLC187464 after listing.
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.