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 ₹ 39.6 Cr.
- Current Price ₹ 77.7
- High / Low ₹ 126 / 69.9
- Stock P/E 13.2
- 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
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% |
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.