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 ₹ 24.2 Cr.
- Current Price ₹ 47.4
- High / Low ₹ 90.0 / 35.0
- Stock P/E 7.21
- 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 0.95 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 45.8 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
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: | -38% |
| 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 | 39 | 66 |
| ROCE % | 29% | 65% | 39% | 24% |
Documents
Announcements
-
Reg. 34 (1) Annual Report.
1d - Piotex announces 6th AGM on 28 July 2025 with annual report, director re-appointment, and secretarial auditor appointment.
-
6Th Annual General Meeting Notice
1d - 6th AGM on 28 July 2025; financials adoption; director re-appointment; secretarial auditor and independent director appointments.
- Annual Shareholder Meeting- 28.07.202 2d
-
Board Meeting Outcome for Outcome Of Board Meeting
2d - Appointment and resignation of independent directors; 6th AGM scheduled for 28 July 2025.
-
Board Meeting Intimation for 6Th AGM Of The Company
24 Jun - Board meeting on 30 June 2025 to approve Directors' Report and fix 6th AGM details.
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.