Piotex Industries Ltd

Piotex Industries Ltd

₹ 89.0 -1.11%
18 Jun 10:52 a.m.
About

Founded in 2019, Piotex Industries Limited is engaged in contract manufacturing and trading of yarns, fabrics, and cotton bales[1]

Key Points

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.

  • Market Cap 45.4 Cr.
  • Current Price 89.0
  • High / Low 126 / 69.9
  • Stock P/E 15.1
  • Book Value
  • Dividend Yield 0.00 %
  • ROCE 38.9 %
  • ROE 43.7 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 60.4%

Cons

  • Company might be capitalizing the interest cost
  • Debtor days have increased from 48.6 to 98.8 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: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Figures in Rs. Crores

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024
54 80 86 118
53 79 82 115
Operating Profit 1 1 4 4
OPM % 2% 2% 5% 3%
0 0 1 0
Interest 0 0 1 0
Depreciation 0 0 0 0
Profit before tax 1 1 4 4
Tax % 27% 26% 26% 25%
1 1 3 3
EPS in Rs 40.00 49.33 192.67 8.45
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 30%
TTM: 38%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 71%
TTM: 4%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 60%
Last Year: 44%

Balance Sheet

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 0 0 4
Reserves 1 1 4 6
2 5 4 4
2 7 9 22
Total Liabilities 5 14 18 36
0 0 0 0
CWIP 0 0 0 0
Investments 0 0 0 0
5 14 17 36
Total Assets 5 14 18 36

Cash Flows

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1 0 3 -2
0 0 -0 -0
2 -1 -2 2
Net Cash Flow 1 -1 0 -0

Ratios

Figures in Rs. Crores

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 21 8 39 99
Inventory Days 3 40 0 1
Days Payable 11 26 42 63
Cash Conversion Cycle 13 22 -2 36
Working Capital Days 13 30 32 41
ROCE % 29% 65% 39%

Shareholding Pattern

Numbers in percentages

26 Recently
May 2024
65.95%
2.00%
32.06%
No. of Shareholders 1,069

* 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.

Documents