Texmo Pipes & Products Ltd

Texmo Pipes Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Texmo Pipes & Products Ltd

₹ 72.5 1.26%
01 Dec - close price
texmopipe.com BSE: 533164 NSE : TEXMOPIPES
About

Company manufactures polyvinyl chloride (PVC) pipes, high-density polyethylene (HDPE) pipes, soil, waste and rainwater (SWR) pipes, and suction pipes. Headquartered at Burhanpur (Madhya Pradesh).
It has branch offices in Maharashtra, Madhya Pradesh, Rajasthan, Gujarat, Andhra Pradesh, Delhi and Chhattisgarh. Its manufacturing facility at Burhanpur (Madhya Pradesh) has a capacity of 2500 tonnes per annum.[1]

Key Points

Products
CPVC (chlorinated polyvinyl chloride) Pipes & Fittings, SWR (Soil, Waste & Rain) Pipes & Fittings, Plumbing Pipes And Fittings
Submersible Column Pipe, Rigid PVC Pipes & Agricultural Fittings, Casing Pipes For Tube Well
HDPE Coils: for potable water supply, irrigation schemes, chemicals and edibles transportation
PLB HDPE Duct - provides housing for fiber optic cable and metal cable
HDPE Sprinkler Pipes & Fittings, Drip Irrigation Systems, Suction Hose, Garden Pipes
Conduit Pipes - used to protect and route electrical wiring in a building or structure
Solvent Cement - an adhesive substance used to join two pieces of PVC.[1]

Website BSE NSE
  • Market Cap ₹ 212 Cr.
  • Current Price ₹ 72.5
  • High / Low ₹ 89.4 / 41.0
  • Stock P/E
  • Book Value ₹ 67.1
  • Dividend Yield 0.00 %
  • ROCE -16.9 %
  • ROE -28.2 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.08 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -5.31% over last 3 years.
  • Company's cost of borrowing seems high

* 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: Plastic products Industry: Plastics Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
81.30 128.28 131.58 129.86 129.25 133.69 170.44 162.28 102.89 206.38 166.89 204.04 122.69
75.61 120.57 121.67 120.78 120.02 125.94 161.13 156.09 97.86 194.61 221.90 189.50 116.71
Operating Profit 5.69 7.71 9.91 9.08 9.23 7.75 9.31 6.19 5.03 11.77 -55.01 14.54 5.98
OPM % 7.00% 6.01% 7.53% 6.99% 7.14% 5.80% 5.46% 3.81% 4.89% 5.70% -32.96% 7.13% 4.87%
0.14 0.39 0.07 0.17 0.42 -0.02 0.25 0.21 0.23 0.20 -11.82 0.24 0.16
Interest 2.34 2.39 2.32 2.05 2.11 1.90 2.80 3.21 2.45 4.06 3.20 3.07 2.17
Depreciation 1.45 1.69 1.59 1.58 1.64 1.72 3.25 2.59 2.70 2.85 2.69 2.60 2.62
Profit before tax 2.04 4.02 6.07 5.62 5.90 4.11 3.51 0.60 0.11 5.06 -72.72 9.11 1.35
Tax % 27.45% 20.40% 21.91% 32.92% 17.80% 23.11% 34.76% 20.00% -27.27% 38.54% -3.64% 12.73% 30.37%
1.48 3.19 4.74 3.77 4.85 3.16 2.29 0.48 0.14 3.12 -75.37 7.95 0.94
EPS in Rs 0.56 1.09 1.62 1.29 1.66 1.08 0.78 0.16 0.05 1.07 -25.82 2.72 0.32
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
175 205 237 309 253 295 249 306 326 425 563 635 700
156 190 220 287 232 280 237 289 303 396 527 667 723
Operating Profit 19 15 17 22 20 15 12 17 22 29 35 -32 -23
OPM % 11% 7% 7% 7% 8% 5% 5% 6% 7% 7% 6% -5% -3%
1 1 2 2 2 4 4 2 0 1 1 -11 -11
Interest 9 9 10 13 13 12 10 10 11 9 9 13 12
Depreciation 5 5 5 5 6 7 5 6 6 6 8 11 11
Profit before tax 6 2 3 5 4 0 1 4 6 14 19 -67 -57
Tax % 30% 44% 27% 31% 26% 562% 88% 18% 32% 23% 26% -7%
4 1 2 3 3 -1 0 3 4 11 14 -72 -63
EPS in Rs 1.76 0.53 0.78 1.43 1.39 -0.56 0.06 1.13 1.50 3.71 4.87 -24.58 -21.71
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 21%
3 Years: 25%
TTM: 23%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -954%
Stock Price CAGR
10 Years: 27%
5 Years: 27%
3 Years: 50%
1 Year: 20%
Return on Equity
10 Years: -1%
5 Years: -3%
3 Years: -5%
Last Year: -28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 24 24 24 24 24 24 25 26 26 29 29 29 29
Reserves 92 97 104 110 117 166 167 176 187 197 214 158 167
65 49 58 54 59 67 60 51 50 28 38 30 45
50 26 38 53 58 81 80 91 80 82 83 90 100
Total Liabilities 231 196 224 241 259 338 332 345 343 336 364 307 340
49 49 47 45 43 110 109 113 114 111 143 139 137
CWIP 2 0 0 0 1 1 4 0 0 0 0 0 0
Investments 26 7 7 0 0 0 0 0 0 0 0 0 0
154 140 170 196 215 227 219 232 228 225 221 168 203
Total Assets 231 196 224 241 259 338 332 345 343 336 364 307 340

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-14 5 9 22 12 8 24 20 20 27 41 -43
-33 19 -9 -4 -5 -5 -9 -7 -9 -0 -29 64
42 -22 0 -17 -8 -3 -14 -14 -12 -27 -11 -20
Net Cash Flow -6 1 -0 1 -1 -1 1 -1 0 -0 0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 117 92 85 103 139 57 60 73 50 38 29 32
Inventory Days 186 103 115 100 139 126 127 98 108 62 55 52
Days Payable 102 40 53 57 79 75 91 91 69 48 39 35
Cash Conversion Cycle 201 155 146 145 198 109 96 80 89 52 44 49
Working Capital Days 182 173 171 136 181 90 104 92 89 67 45 46
ROCE % 10% 6% 7% 10% 9% 5% 4% 5% 7% 9% 11% -17%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
44.24% 44.24% 44.24% 44.24% 44.24% 44.24% 44.24% 44.24% 44.24% 44.24% 44.24% 44.24%
0.00% 0.00% 0.03% 0.17% 1.07% 1.07% 0.88% 1.02% 0.92% 0.91% 0.85% 0.63%
0.23% 0.23% 0.23% 0.23% 0.01% 0.01% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00%
55.54% 55.54% 55.51% 55.36% 54.69% 54.68% 54.88% 54.74% 54.84% 54.85% 54.92% 55.14%
No. of Shareholders 17,83919,28928,87132,91536,93454,60056,41757,18455,50954,26153,07749,486

* 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.

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