Piotex Industries
Piotex Industries
TextilesKey Fundamentals
SMECotton/BlendedTextilesTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
4- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.57 times its book value
- Debtor days have improved from 60.6 to 32.6 days.
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.6% over past five years.
- Contingent liabilities of Rs.7.58 Cr.
- Earnings include an other income of Rs.0.68 Cr.
- Company's cost of borrowing seems high
Growth Rate
Quarterly Results
| Particulars | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 65.75 | 68.61 | 66.69 | 23.51 |
| Expenses | 63.62 | 66.1 | 66.51 | 23.2 |
| Operating Profit | 2.13 | 2.51 | 0.18 | 0.31 |
| OPM % | 3.24% | 3.66% | 0.27% | 1.32% |
| Other Income | 0.25 | 0.1 | 0.11 | 0.58 |
| Interest | 0.19 | 0.29 | 0.17 | 0.09 |
| Depreciation | 0.01 | 0.01 | 0.02 | 0.02 |
| PBT | 2.18 | 2.31 | 0.1 | 0.78 |
| Tax % | 25.23% | 25.11% | 30% | 26.92% |
| Net Profit | 1.63 | 1.73 | 0.08 | 0.58 |
| EPS in Rs | 3.19 | 3.39 | 0.16 | 1.14 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 54.39 | 80.22 | 86.01 | 118 | 134 | 90.21 |
| Expenses | 53.46 | 79.02 | 81.86 | 115 | 130 | 89.71 |
| Operating Profit | 0.93 | 1.2 | 4.15 | 3.81 | 4.65 | 0.5 |
| OPM % | 1.71% | 1.5% | 4.83% | 3.22% | 3.46% | 0.55% |
| Other Income | 0.05 | 0.24 | 0.67 | 0.48 | 0.34 | 0.68 |
| Interest | 0.16 | 0.44 | 0.9 | 0.25 | 0.48 | 0.26 |
| Depreciation | 0 | 0 | 0 | 0.02 | 0.02 | 0.04 |
| PBT | 0.82 | 1 | 3.92 | 4.02 | 4.49 | 0.88 |
| Tax % | 26.83% | 26% | 26.28% | 25.12% | 25.17% | 26.14% |
| Net Profit | 0.6 | 0.74 | 2.89 | 3.01 | 3.36 | 0.66 |
| EPS in Rs | 40 | 49.33 | 193 | 8.45 | 6.58 | 1.29 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 0.15 | 0.15 | 0.15 | 3.56 | 5.1 | 5.1 |
| Reserves | 0.62 | 1.36 | 4.25 | 5.82 | 20.41 | 21.06 |
| Borrowings | 2.21 | 5.28 | 3.72 | 4.46 | 2.2 | 0.07 |
| Other Liabilities | 1.84 | 7.07 | 9.45 | 22.27 | 4.36 | 3.61 |
| Total Liabilities | 4.82 | 13.86 | 17.57 | 36.11 | 32.07 | 29.84 |
| Fixed Assets | 0 | 0 | 0.12 | 0.1 | 0.1 | 2.95 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 4.82 | 13.86 | 17.45 | 36.01 | 31.97 | 26.89 |
| Total Assets | 4.82 | 13.86 | 17.57 | 36.11 | 32.07 | 29.84 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | -1.06 | 0.08 | 2.83 | -2.39 | -7.11 | 9.88 |
| Investing | 0 | 0 | -0.13 | -0.47 | -2.78 | -6.47 |
| Financing | 1.73 | -0.88 | -2.46 | 2.47 | 10.02 | -2.39 |
| Net Cash Flow | 0.68 | -0.8 | 0.24 | -0.39 | 0.13 | 1.02 |
| Free Cash Flow | -1.06 | 0.08 | 2.7 | -2.39 | -7.13 | 6.99 |
| CFO/OP | -90 | 28 | 93 | -38 | -131 | 2,020 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 20.6 | 8.1 | 38.79 | 98.85 | 50.47 | 32.61 |
| Inventory Days | 3.27 | 40.27 | 0.36 | 0.64 | 1.91 | 3.14 |
| Days Payable | 10.73 | 26.44 | 41.61 | 63.23 | 9.22 | 9.09 |
| Cash Conversion Cycle | 13.15 | 21.93 | -2.47 | 36.25 | 43.17 | 26.66 |
| Working Capital Days | 9.93 | 11.51 | 32.04 | 36.33 | 51.89 | 47.1 |
| ROCE % | — | 29.48% | 64.65% | 38.89% | 23.92% | 4.23% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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50 extracted metrics + investor summaries across FY21–FY26.
Documents
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Company Information
Incorporated in 2019, Piotex Industries Ltd is in the trading and agency businessfor machines & accessories for Spinning, Weaving.[1]
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