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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Texmo Pipes & Products Ltd

About the Company - Texmo Pipes & Products Ltd

Texmo Pipes & Products Ltd. is a Public Limited Listed company incorporated on 03/07/2008 and has its registered office in the State of Madhya Pradesh, India. Company’s Corporate Identification Number(CIN) is L25200MP2008PLC020852 and registration number is 020852. Currently Company is involved in the business activities of Manufacture of other plastics products. Company’s Total Operating Revenue is Rs. 564.42 Cr. and Equity Capital is Rs. 29.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Plastics - Pipes & Fittings98, Bahadarpur Road, Burhanpur Madhya Pradesh 450331cs@texmopipe.com
http://www.texmopipe.com
Management
NamePosition Held
Mrs. Rashmi Devi AgrawalChairperson & Whole Time Director
Mr. Sanjay Kumar AgrawalManaging Director
Mr. Vijay Prasad PappuWholeTime Director & CFO
Dr. Parvez AniumInd. Non-Executive Director
Dr. Smita HajariInd. Non-Executive Director
Mr. Abdul Quader MotorwalaInd. Non-Executive Director

Texmo Pipes & Products Ltd. Share Price Update

Share PriceValue
Today₹95.57
Previous Day₹97.59

Basic Stock Data of Texmo Pipes & Products Ltd

Market Cap 286 Cr.
Current Price 98.0
High / Low108/41.0
Stock P/E
Book Value 67.1
Dividend Yield0.00 %
ROCE16.9 %
ROE28.2 %
Face Value 10.0

Data Source: screener.in

Competitors of Texmo Pipes & Products Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Prince Pipes & Fittings Ltd 6,470 Cr. 585776/53231.0 1310.00 %12.3 %9.17 % 10.0
Tijaria Polypipes Ltd 24.9 Cr. 8.708.70/4.10 9.210.00 %13.9 %% 10.0
Sanco Industries Ltd 9.48 Cr. 7.2510.2/5.20 4.030.00 %32.4 %409 % 10.0
Prakash Pipes Ltd 1,033 Cr. 432493/13412.3 1320.27 %29.0 %22.8 % 10.0
Industry Average10.35 Cr258.2410.8369.060.07%21.9%110.24%10

Texmo Pipes & Products Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales81.30128.28131.58129.86129.25133.69170.44162.28102.89206.38166.89204.04122.69
Expenses75.61120.57121.67120.78120.02125.94161.13156.0997.86194.61221.90189.50116.71
Operating Profit5.697.719.919.089.237.759.316.195.0311.77-55.0114.545.98
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%
Other Income0.140.390.070.170.42-0.020.250.210.230.20-11.820.240.16
Interest2.342.392.322.052.111.902.803.212.454.063.203.072.17
Depreciation1.451.691.591.581.641.723.252.592.702.852.692.602.62
Profit before tax2.044.026.075.625.904.113.510.600.115.06-72.729.111.35
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%
Net Profit1.483.194.743.774.853.162.290.480.143.12-75.377.950.94
EPS in Rs0.561.091.621.291.661.080.780.160.051.07-25.822.720.32

Texmo Pipes & Products Ltd Quarterly Chart

Texmo Pipes & Products Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales175205237309253295249306326425563635700
Expenses156190220287232280237289303396527667723
Operating Profit1915172220151217222935-32-23
OPM %11%7%7%7%8%5%5%6%7%7%6%-5%-3%
Other Income11222442011-11-11
Interest9910131312101011991312
Depreciation555567566681111
Profit before tax6235401461419-67-57
Tax %30%44%27%31%26%562%88%18%32%23%26%-7%
Net Profit41233-10341114-72-63
EPS in Rs1.760.530.781.431.39-0.560.061.131.503.714.87-24.58-21.71
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Texmo Pipes & Products Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-75.00%100.00%50.00%0.00%-133.33%100.00%33.33%175.00%27.27%-614.29%
Change in YoY Net Profit Growth (%)0.00%175.00%-50.00%-50.00%-133.33%233.33%-66.67%141.67%-147.73%-641.56%

Texmo Pipes & Products Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:21%
3 Years:25%
TTM:-4%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-971%
Stock Price CAGR
10 Years:31%
5 Years:38%
3 Years:45%
1 Year:79%
Return on Equity
10 Years:-1%
5 Years:-3%
3 Years:-5%
Last Year:-28%

Texmo Pipes & Products Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital24242424242425262629292929
Reserves9297104110117166167176187197214158167
Borrowings65495854596760515028383045
Other Liabilities502638535881809180828390100
Total Liabilities231196224241259338332345343336364307340
Fixed Assets4949474543110109113114111143139137
CWIP2000114000000
Investments26770000000000
Other Assets154140170196215227219232228225221168203
Total Assets231196224241259338332345343336364307340

Texmo Pipes & Products Ltd Reserves and Borrowings Chart

Texmo Pipes & Products Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1459221282420202741-43
Cash from Investing Activity -3319-9-4-5-5-9-7-9-0-2964
Cash from Financing Activity 42-220-17-8-3-14-14-12-27-11-20
Net Cash Flow-61-01-1-11-10-000

Texmo Pipes & Products Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days117928510313957607350382932
Inventory Days18610311510013912612798108625552
Days Payable1024053577975919169483935
Cash Conversion Cycle201155146145198109968089524449
Working Capital Days182173171136181901049289674546
ROCE %10%6%7%10%9%5%4%5%7%9%11%-17%

Texmo Pipes & Products Ltd Financial Efficiency Indicators Chart

Texmo Pipes & Products Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters44.24%44.24%44.24%44.24%44.24%44.24%44.24%44.24%44.24%44.24%44.24%44.24%
FIIs0.00%0.03%0.17%1.07%1.07%0.88%1.02%0.92%0.91%0.85%0.63%0.60%
DIIs0.23%0.23%0.23%0.01%0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%
Public55.54%55.51%55.36%54.69%54.68%54.88%54.74%54.84%54.85%54.92%55.14%55.15%
No. of Shareholders19,28928,87132,91536,93454,60056,41757,18455,50954,26153,07749,48647,045

Texmo Pipes & Products Ltd Shareholding Pattern Chart

No. of Texmo Pipes & Products Ltd Shareholders

This stock is not held by any mutual fund

Texmo Pipes & Products Ltd ROCE Trend

Texmo Pipes & Products Ltd EPS Trend

Texmo Pipes & Products Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-24.584.873.891.501.19
Diluted EPS (Rs.)-24.584.873.891.501.19
Cash EPS (Rs.)-20.877.685.853.853.26
Book Value[Excl.RevalReserv]/Share (Rs.)41.7661.0255.2856.2552.23
Book Value[Incl.RevalReserv]/Share (Rs.)63.7282.9877.2880.6776.65
Revenue From Operations / Share (Rs.)218.68193.32144.43124.60117.73
PBDIT / Share (Rs.)-10.6812.4610.198.906.97
PBIT / Share (Rs.)-14.399.658.056.554.85
PBT / Share (Rs.)-22.936.614.802.191.39
Net Profit / Share (Rs.)-24.584.873.711.501.13
NP After MI And SOA / Share (Rs.)-24.584.873.711.501.13
PBDIT Margin (%)-4.886.447.057.145.92
PBIT Margin (%)-6.574.995.575.254.11
PBT Margin (%)-10.483.423.321.761.18
Net Profit Margin (%)-11.232.522.561.200.95
NP After MI And SOA Margin (%)-11.232.522.561.200.95
Return on Networth / Equity (%)-58.867.986.712.662.16
Return on Capital Employeed (%)-18.049.569.277.155.47
Return On Assets (%)-23.373.913.221.140.86
Long Term Debt / Equity (X)0.110.090.030.040.07
Total Debt / Equity (X)0.140.130.140.320.35
Asset Turnover Ratio (%)1.901.761.351.040.98
Current Ratio (X)2.122.021.791.461.38
Quick Ratio (X)1.171.101.120.740.81
Inventory Turnover Ratio (X)6.876.874.953.453.36
Interest Coverage Ratio (X)-2.414.103.142.231.89
Interest Coverage Ratio (Post Tax) (X)-3.622.612.141.461.24
Enterprise Value (Cr.)138.67236.6186.6059.8693.89
EV / Net Operating Revenue (X)0.210.410.200.180.30
EV / EBITDA (X)-4.456.512.912.555.11
MarketCap / Net Operating Revenue (X)0.200.390.170.060.17
Price / BV (X)1.061.250.450.140.38
Price / Net Operating Revenue (X)0.200.390.170.060.17
EarningsYield-0.550.060.140.180.05

Texmo Pipes & Products Ltd Profitability Ratios (%)

Texmo Pipes & Products Ltd Liquidity Ratios

Texmo Pipes & Products Ltd Liquidity Ratios (%)

Texmo Pipes & Products Ltd Interest Coverage Ratios (X)

Texmo Pipes & Products Ltd Valuation Ratios

Fair Value / Intrinsic Value of Texmo Pipes & Products Ltd

Fair Value: ₹289.51

The stock is undervalued by 195.42% compared to the current price ₹98

*Investments are subject to market risks

Strength and Weakness of Texmo Pipes & Products Ltd

StrengthWeakness
  1. The company has higher reserves (150.15 cr) compared to borrowings (50.31 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 5.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 114.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 113.67, which may not be favorable.
  4. The company has not shown consistent growth in sales (359.85) and profit (-4.62).

Should I Buy Texmo Pipes & Products Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Texmo Pipes & Products Ltd:
    1. Net Profit Margin: -11.23%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -18.04% (Industry Average ROCE: 21.9%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): -3.62
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.17
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E of N/A (Industry average Stock P/E: 10.83)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.14
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Texmo Pipes & Products Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE