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Swing Capital

Texmo Pipes & Products Ltd

NSE: TEXMOPIPES BSE: 533164

Incorporated in 2008, Texmo Pipes and Products manufactures and trades PVC, HDPE, SWR, Sprinkler, Drip, CPVC Pipes & Fittings[1]

₹43.5
52W: ₹33 — ₹69
PE 7.98 · Book ₹75.4 · -42% vs book
Market Cap₹127 Cr
Stock P/E7.98Price to Earnings
ROCE8.88%Return on Capital
ROE8.62%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Stock is trading at 0.58 times its book value

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of 2.26% over past five years.
  • −Tax rate seems low
  • −Company has a low return on equity of 5.81% over last 3 years.
  • −Debtor days have increased from 51.6 to 77.8 days.

Shareholding Pattern

Promoters44.24%
FIIs0.22%
DIIs0%
Public55.53%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters44.24%44.24%44.24%44.24%44.24%44.24%44.24%44.24%
FIIs0.29%0.25%▼0.00.24%▼0.00.24%0.22%▼0.00.22%0.22%0.22%
DIIs0%0%0%0%0%0%0%0%
Public55.46%55.5%▲0.055.53%▲0.055.52%▼0.055.53%▲0.055.54%▲0.055.53%▼0.055.53%

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales122.69122.4789.14110.7960.89103.5690.8191.7960.74104.88
Expenses116.7115.0479.09101.1155.8295.0186.5485.6256.7896.74
Operating Profit5.997.4310.059.685.078.554.276.173.968.14
OPM %4.88%6.07%11.27%8.74%8.33%8.26%4.7%6.72%6.52%7.76%
Net Profit0.952.53-1.84.373.074.885.154.581.544.64
EPS ₹0.330.87-0.621.51.051.671.761.570.531.59

AI Insights

Revenue Trend

TTM revenue at ₹348Cr, down 4.4% YoY. OPM at 6%.

Debt Position

Borrowings at ₹35Cr. Debt-to-equity ratio: 0.18x. Healthy balance sheet.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0.22% (-0.63pp change). Promoters hold 44.24%.

Margin & Efficiency

ROCE improving from 7% (Mar 2014) to 9% (Mar 2025). Working capital days: 69.

Valuation

PE 7.98x with 8.88% ROCE. Price is -42% above book value of ₹75.4. Dividend yield: 0%.

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