Key Metrics 
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10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
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About
FX Multitech Ltd (544941)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544941 NSE: Trading | Small Cap | FX Multitech Share Price
₹125.20 -3.80 (-2.95%)
As on 30-Sep'26 16:59
FX Multitech Ltd (544941)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544941 NSE: Trading | Small Cap | FX Multitech Share Price
₹125.20 -3.80 (-2.95%)
As on 30-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹180 Cr.
Current Price
₹125.2
52-Week Low / High
₹117 / 130
TTM EPS
₹8.2
TTM Sales
₹126 Cr.
Book Value per Share
₹55.1
P/E Ratio
15.23
Industry PE
39.3
Price to Book (P/B)
2.27
Price to Sales (P/S)
1.43
EV/EBITDA
10.51
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
37.63%
Outperforms industry median
Return on Capital Employed (ROCE)
33.32%
Outperforms industry median
Return on Assets (ROA)
15.64%
Operating Profit Margin
15.3%
Net Profit Margin
9.6%
Gross Profit Margin
13.6%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
9.63%
Operating Profit Growth (1 Year)
-
39.13%
Net Profit Growth (1 Year)
-
26.83%
Asset Quality
Promoter Holding
72.84%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹65 Cr.
Equity
₹14.4 Cr.
Face Value
₹10
All Time Low / High
₹117.00 / 130.00
Check Before You Invest
Quality
Not GoodValuation
NACheck Valuation charts
Price Trend
Weak
Is FX Multitech Ltd a good quality company?
FX Multitech Ltd is a quality company, based on a multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does FX Multitech Ltd performance compare with that of its Peers?
Revenue growth of FX Multitech Ltd vs industry peers?
FX Multitech Ltd revenue CAGR is %, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Promoter shareholding and pledge status of FX Multitech Ltd?
Promoters hold 72.84% of the FX Multitech Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of FX Multitech Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
FX Multitech Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 30.4% | 26.6% | 39.5% | 34.6% | - |
| Value Creation Index ⓘ | NA | NA | 1.8 | 1.5 | - |
Growth Parameters ⓘ |
|||||
| Sales ⓘ | 98.6 | 68.5 | 102 | 112 | 112 |
| Sales YoY Gr. | - | -30.5% | 48.5% | 9.6% | - |
| Adj EPS ⓘ | 4.1 | 3.8 | 0.2 | 10.6 | 8 |
| YoY Gr. | - | -7.3% | -94.5% | 4961.9% | - |
| BVPS (₹) ⓘ | 11.6 | 15.5 | 0.6 | 35.1 | 55 |
| Adj Net Profit ⓘ | 4.5 | 4.2 | 9.5 | 11.5 | 12 |
| Cash Flow from Ops. ⓘ | 0.6 | 1.5 | -2 | 3.7 | - |
| Debt/CF from Ops. ⓘ | 20.5 | 7.4 | -8.8 | 5 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 4.2% | 9.6% | ||||
| Adj EPS ⓘ | NA | NA | 36.9% | 4961.9% | ||||
| BVPSⓘ | NA | NA | 44.6% | 5842.4% | ||||
| Share Price | - | - | - | - | ||||
Key Financial Parameters ⓘ
| Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 35.7 | 28.4 | 44 | 35.8 | 17.9 |
| Op. Profit Mgn % ⓘ | 7.4 | 10 | 13.4 | 15.3 | NAN |
| Net Profit Mgn % ⓘ | 4.5 | 6.1 | 9.3 | 10.3 | 10.4 |
| Debt to Equity ⓘ | 1 | 0.7 | 0.7 | 0.5 | - |
| Working Cap Days ⓘ | 0 | 179 | 162 | 211 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 119 | 110 | 138 | 0 |
Valuation of FX Multitech - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'25 | Mar'26 |
|---|---|---|
| Sales | 102 | 126 |
| Operating Expenses ⓘ + | 88 | 107 |
| Operating Profit ⓘ | 14 | 19 |
| Operating Profit Margin (%) | 13.6% | 15.3% |
| Other Income ⓘ + | 0 | 0 |
| Interest ⓘ | 1 | 2 |
| Depreciation ⓘ | 0 | 1 |
| Profit Before Tax ⓘ | 13 | 16 |
| Tax ⓘ | 3 | 4 |
| Profit After Tax | 10 | 12 |
| PAT Margin (%) | 9.4% | 9.6% |
| Adjusted EPS (₹) | 0.2 | 10.9 |
| Dividend Payout Ratio (%) | 0% | 0% |
| PARTICULARS | Mar'25 | Mar'26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 26 | 38 | |||||||||
| Debt + | 21 | 25 | |||||||||
| Minority Interest | 2 | 2 | |||||||||
| Trade Payables | 16 | 16 | |||||||||
| Others Liabilities ⓘ | 5 | 5 | |||||||||
| Total Liabilities ⓘ | 69 | 86 | |||||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 3 | 4 | |||||||||
| CWIP ⓘ | 1 | 0 | |||||||||
| Investments ⓘ | 0 | 0 | |||||||||
| Inventories | 25 | 38 | |||||||||
| Trade Receivables | 35 | 35 | |||||||||
| Cash Equivalents | 0 | 1 | |||||||||
| Others Assets ⓘ | 5 | 8 | |||||||||
| Total Assets ⓘ | 69 | 86 | |||||||||
| PARTICULARS | Mar'25 | Mar'26 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -2 | -1 |
| Cash Flow From Investing Activity ⓘ + | -2 | -1 |
| Cash Flow From Financing Activity ⓘ + | 3 | 2 |
| Net Cash Flow ⓘ | -0 | 0 |
| PARTICULARS | Mar'25 | Mar'26 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 36.33 | 37.63 | ||||||||
| ROCE (%) | 29.21 | 33.32 | ||||||||
| Asset Turnover Ratio | 1.48 | 1.63 | ||||||||
| PAT to CFO Conversion(x) | -0.2 | -0.08 | ||||||||
| Working Capital Days | ||||||||||
| Receivable Days | 123.60 | 100.10 | ||||||||
| Inventory Days | 90.20 | 91.80 | ||||||||
| Payable Days | 73.30 | 60.30 | ||||||||
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FX Multitech Ltd FAQs
The current trading price of FX Multitech on 30-Sep-2026 16:59 is ₹125.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Sep-2026 the market cap of FX Multitech stood at ₹179.8 Cr
The latest P/E ratio of FX Multitech as of 29-Sep-2026 is 15.58.
The latest P/B ratio of FX Multitech as of 29-Sep-2026 is 2.28.
The 52-week high of FX Multitech is ₹130.0 and the 52-week low is ₹117.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of FX Multitech is ₹112 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that FX Multitech Ltd is a below average quality company.
No data found
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of FX Multitech Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About FX Multitech Ltd
FX Multitech was incorporated on March 27, 2008 as ‘FX Multitech Private Limited’ which further converted on December 19, 2024 as ‘FX Multitech Limited’, a public limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated December 19, 2024 issued by the Registrar of Companies, Central Processing Centre. It is engaged in the distribution and export of a comprehensive portfolio of engineering products, with a primary focus on the refrigeration and HVAC (Heating, Ventilation, and Air Conditioning) industries. Over the years it has established itself as a reliable partner for industrial and commercial customers by offering technologically advanced products that cater to diverse applications requirements across the refrigeration and HVAC value chain. Its product range includes, but is not limited to, Hermetic Compressors, Industrial Refrigeration Controls, Variable Frequency Drives and Automation, Specialized Components & Tools, Refrigeration & Air-Conditioning Controls, Heat Exchangers, Cold Room Evaporators, and Refrigerants and Ancillary Products.
Its product strategy is focused on providing a comprehensive range of high-quality products to meet the needs of customers in the HVAC (Heating, Ventilation, and Air Conditioning) and industrial refrigeration sectors. As a distributor, it sources and supplies technologically advanced products from globally recognized manufacturers, ensuring that its customers receive the solutions for their specific requirements. By offering products that meet international standards of performance, reliability, and energy efficiency, it caters to a broad spectrum of industrial and commercial applications. Its emphasis is on providing reliable, energy-efficient, and cost-effective products, allowing its customers to optimize their operations while adhering to industry standards. Its ability to source products from global manufacturers allows it to meet the evolving needs of its customers in an ever-changing market, in the HVAC and industrial refrigeration industries.
Its suppliers include Danfoss Industries, Transfer Oil S.P.A., Quang Thang Mechanics and Refrigeration Company, KuzuFlex Metal San Ve Tic. A.S., Testo India, Refco Manufacturing, US HVAC & Weld Tools and Honeywell Automation India, among others. The company headquartered in Ahmedabad, Gujarat and has established a domestic presence through its warehouses located in Hyderabad, Thane, Kolkata and Bangalore. This multi-city operational network enables it to efficiently serve a diverse customers base across India, ensuring timely product delivery, technical support and effective after-sales service. In addition to its domestic footprint, it has been expanding its international reach through exports, thereby strengthening its position as a global supplier of engineering components for refrigeration and HVAC applications.
Business area of the company
The company is engaged in distribution and export of high quality Engineering Products. It is offering difference product range which includes Aluminums lugs and Collapsible Tubes for export and Danfoss Compressors and Condensing Units, Roller Germany Evaporators Units for Cold Room, Gomax Italy for refrigeration line and pressure connections Italy Shell and Tube Condensers, Evaporators and Eckerle make condensate pumps.
Products of the company
- Compressors
- Refrigeration & Air-Conditioning Controls
- Industrial Refrigeration Controls
- Variable Frequency Drives and Automation
- Refrigerants and Ancillary Products
- Specialized Components & Tools
- Cold Room Evaporators
- Heat Exchangers
Awards and recognitions
- 2012: Excellence in Business Systems & Processes by Danfoss Industries Pvt. Ltd.
- 2016: Sensational Super Star -2016 by Danfoss Industries Pvt. Ltd.
- 2021: Wholesaler of the Year by Danfoss Industries Pvt. Ltd.
- 2025: Appreciation by Danfoss Industries Pvt. Ltd., being one of the top performing channel partner of India.
History and milestones
- 2008: The company was incorporated in the name of ‘Fx Multitech Private Limited’.
- 2009: Business Takeover of a partnership firm M/s FX Overseas.
- 2009: Business Takeover of a partnership firm M/s FX Engineering Enterprises.
- 2023: Slump sale of Tamil Nadu State Business of the Company to M/s Beijer Ref India (South) Private Limited.
- 2024: Conversion of the company from a Private Limited Company to a Public Limited Company.
- 2025: Acquisition of 51% equity stake in M/s Everestt Chillers Private Limited making it a Subsidiary to the company.
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