Piotex Industries Ltd
Incorporated in 2019, Piotex Industries Ltd is in the trading and agency businessfor machines & accessories for Spinning, Weaving.[1]
- Market Cap ₹ 27.8 Cr.
- Current Price ₹ 54.4
- High / Low ₹ 74.0 / 35.0
- Stock P/E 15.4
- Book Value ₹ 50.1
- 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 1.09 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 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 | TTM | |
|---|---|---|---|---|---|---|
| 54 | 80 | 86 | 118 | 134 | 135 | |
| 53 | 79 | 82 | 115 | 130 | 133 | |
| Operating Profit | 1 | 1 | 4 | 4 | 5 | 3 |
| OPM % | 2% | 2% | 5% | 3% | 3% | 2% |
| 0 | 0 | 1 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 1 | 1 | 4 | 4 | 4 | 2 |
| Tax % | 27% | 26% | 26% | 25% | 25% | |
| 1 | 1 | 3 | 3 | 3 | 2 | |
| EPS in Rs | 40.00 | 49.33 | 192.67 | 8.45 | 6.58 | 3.55 |
| 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: | -1% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 36% |
| 3 Years: | 34% |
| Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.15 | 0.15 | 0.15 | 4 | 5 | 5 |
| Reserves | 1 | 1 | 4 | 6 | 20 | 20 |
| 2 | 5 | 4 | 4 | 2 | 2 | |
| 2 | 7 | 9 | 22 | 4 | 7 | |
| Total Liabilities | 5 | 14 | 18 | 36 | 32 | 34 |
| 0 | 0 | 0 | 0 | 0 | 3 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 5 | 14 | 17 | 36 | 32 | 31 | |
| Total Assets | 5 | 14 | 18 | 36 | 32 | 34 |
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
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Jan - Pls find announcement in PDF file.
-
Update On Announcement Dated 17.12.2025
18 Dec 2025 - Piotex clarifies Income Tax Demand Order dated 02-Dec-2025 received 17-Dec-2025; disclosed to BSE same day.
-
Announcement Regu 30: Receipt Of Demand Notice From IT Department
17 Dec 2025 - IT demand Rs5,06,11,800 received Dec 2, 2025; additions Rs16.23 crore and Rs34.86 lakh.
- Result- September 2025 11 Nov 2025
-
Board Meeting Outcome for Outcome Of Board Meeting
11 Nov 2025 - Un-audited H1 FY2025-26 results: revenue Rs 6,669.42 lakh; PBT Rs 10.45 lakh; internal auditor appointed.
Business Overview:[1][2]
a) PIL is in the business of contract manufacturing and trading of yarn, fabric
and cotton bales.
b) It also manufactures cotton yarn through out-sourcing model (Job-work)
c) The company does trade of cotton bales
d) Its products are used for various purposes such as garments & home furnishings, etc.
e) PIL has contract manufacturing & exclusive selling ties up with Spinning & Weaving industries situated in Maharashtra.