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REX Pipes and Cables Industries Ltd (REXPIPES)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: REXPIPES Plastic Products | Small Cap | REX Pipes and Cables Share Price

BSE Share Price
Not Listed

REX Pipes and Cables Industries Ltd (REXPIPES)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: REXPIPES Plastic Products | Small Cap | REX Pipes and Cables Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹152 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹4.9
TTM Sales
₹121 Cr.
Book Value per Share
₹43.6
P/E Ratio
32.54
Higher than its 5-year historical median
Industry PE
38.3
Price to Book (P/B)
3.69
Higher than its 5-year historical median
Price to Sales (P/S)
1.26
Higher than its 5-year historical median
EV/EBITDA
16.84
Higher than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
12.00%
Outperforms industry median
Return on Capital Employed (ROCE)
13.73%
Outperforms industry median
Return on Assets (ROA)
5.83%
Operating Profit Margin
7.1%
Net Profit Margin
3.87%
Gross Profit Margin
6.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-12.89%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-24.02%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-9.34%
Asset Quality
Promoter Holding
57.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹32 Cr.
Equity
₹9.5 Cr.
Face Value
₹10
All Time Low / High
₹0.00 / 0.00

REX Pipes and Cables Industries stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Weak
Q.1 Is REX Pipes and Cables Industries Ltd a good quality company?
REX Pipes and Cables Industries Ltd is a average quality company, based on a somewhat consistent 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 REX Pipes and Cables Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of REX Pipes and Cables Industries Ltd vs industry peers?
REX Pipes and Cables Industries Ltd revenue CAGR is 14.94%, compared to the industry median CAGR of 3.59%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of REX Pipes and Cables Industries Ltd?
Promoters hold 57.00% of the REX Pipes and Cables Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of REX Pipes and Cables Industries Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 43.72% 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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
REX Pipes and Cables Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 13.2%15.1%13.9%11.2%11.6%11.2%16.4%18.3%16%13.7%-
Value Creation
Index
-0.10.10.0-0.2-0.2-0.20.20.30.20.0-

Growth Parameters

Sales 24.434.937.23260.1102118129138121121
Sales YoY Gr.-42.9%6.8%-14%87.6%69.5%15.5%9.3%7.6%-12.9%-
Adj EPS 201.11.81.61.31.82.24.155.34.74.9
YoY Gr.--99.1%-9.7%-21.4%46.4%19.1%87.2%22.8%5.8%-12.1%-
BVPS (₹) 2,841.213.415.516.818.622.526.733.238.743.643.6
Adj Net
Profit
0.51.110.81.11.93.54.754.45
Cash Flow from Ops. 3.13.42.58.7-3.42.25.38.52.34.4-
Debt/CF from Ops. 2.53.671.8-5.911.83.93.312.96.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 19.4%14.9%0.8%-12.9%
Adj EPS -34.2%20.6%4.5%-12.1%
BVPS-37.1%18.5%17.8%12.8%
Share Price - 43.8% 26.2% 0.4%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
7.414.2117.710.312.216.617.414.811.311.3
Op. Profit
Mgn %
7.88.410.214.67.95.67.38.48.17.1NAN
Net Profit
Mgn %
23.12.62.41.91.833.73.63.73.9
Debt to
Equity
1.11.51.81.51.81.40.90.90.80.7-
Working Cap
Days
2001581662221411101221291411880
Cash Conv.
Cycle
1278696136998986911071420

Valuation of REX Pipes and Cables - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2435373260102118129138121
Operating Expenses + 223233275596109118127112
Manufacturing Costs1112224776
Material Costs212930235191102107114100
Employee Cost 1111112222
Other Costs 0111111244
Operating Profit 234556911119
Operating Profit Margin (%) 7.8%8.4%10.2%14.6%7.9%5.6%7.3%8.4%8.1%7.1%
Other Income + 1010001002
Exceptional Items 0000000000
Interest 1112222333
Depreciation 1112212221
Profit Before Tax 1221235777
Tax 0010011222
Profit After Tax 1111124555
PAT Margin (%) 2.3%3.7%3.5%2.4%1.9%1.9%3.1%3.7%3.7%3.9%
Adjusted EPS (₹)0.92.12.11.31.82.24.25.05.44.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 781010121923313741
Share Capital 2666699999
Reserves 523451114222732
Debt +6111515172418272928
Long Term Debt0470653110
Short Term Debt67814111914252828
Minority Interest0000000000
Trade Payables55463310564
Others Liabilities 23426687610
Total Liabilities 20273334385258707783

Fixed Assets

Net Fixed Assets +671412121212121010
Gross Block671412212325262626
Accumulated Depreciation000091012141617
CWIP 0300000000
Investments 0000000677
Inventories54710131512242421
Trade Receivables911910101824192534
Cash Equivalents 1111143311
Others Assets 11223466911
Total Assets 20273334385258707783
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 3329-325824
PBT 1221235777
Adjustment 2224334543
Changes in Working Capital 11-14-8-3-2-1-7-4
Tax Paid -0-0-0-0-0-1-2-2-2-2
Cash Flow From Investing Activity + -0-6-4-0-1-2-2-7-1-1
Capex -0-6-4-0-1-2-2-1-0-0
Net Investments 0-000000-6-1-0
Others 000000000-1
Cash Flow From Financing Activity + -322-943-4-1-4-3
Net Proceeds from Shares 0000020400
Net Proceeds from Borrowing -233-700-2-2-1-1
Interest Paid -1-1-1-2-2-2-2-3-3-3
Dividend Paid 0000000000
Others 1-000620000
Net Cash Flow -000-003-10-20
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)8.216.5814.567.7310.2912.3517.117.4115.1412
ROCE (%)13.1915.0613.8811.1911.6111.2216.3718.2616.0313.73
Asset Turnover Ratio1.241.471.250.961.682.272.142.011.891.51
PAT to CFO Conversion(x)3329-311.251.60.40.8
Working Capital Days
Receivable Days117.30102.8096.90107.3059.4049.1065.206258.8090.10
Inventory Days70.7043.2050.4092.206950.3041.7050.6063.1067.60
Payable Days65.7063.9059.4084.5032.9011.102225.101717.70

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Announcements

REX Pipes and Cables Industries Ltd FAQs

The current trading price of REX Pipes and Cables on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of REX Pipes and Cables stood at ₹151.8 Cr

The latest P/E ratio of REX Pipes and Cables as of 31-Dec-1969 is 32.54.

The latest P/B ratio of REX Pipes and Cables as of 31-Dec-1969 is 3.69.

The 52-week high of REX Pipes and Cables is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of REX Pipes and Cables is ₹121 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that REX Pipes and Cables Industries Ltd is a average quality company.

The key valuation ratios of REX Pipes and Cables Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of REX Pipes and Cables Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About REX Pipes and Cables Industries Ltd

The company is engaged in the trading and production/manufacturing product range encompassing uPVC pipes, HDPE pipe, Cables, fittings and abundance of accessories under the brand name ‘REX’. The brand ‘REX’ is the hall mark showcasing the entire Product range. It has just taken a little over two decades for The Rex group of Industries to emerge as one of India's leading manufacturers in the field of PVC Pipes & Fittings and PVC insulated electrical wires. The company produces excellent Three Core flat cables , Single Core Flexible Home wire , Poly Wrapped Winding wire along with UPVC, HDPE and sprinklers with unique skills, continuous technological upgrading machines, professional management testing and persistent dedication without compromising on quality leading the entire organization to National and International name and reputation.

The company has emerged into a national entity as a complete innovation for its own type of manufactured products. It offer a wide range of PVC pipes, HDPE pipe, Cables classified in a systematic manner to ensure easy and accurate selection, with the simultaneous advantage of providing the most cost-effective solutions for customers. It has established itself as an innovative leader and quality manufacturer by continuously upgrading its technology, modernizing manufacturing facilities and maintaining highest standards of quality and services.

Business area of the company

Agriculture: The company is engaged in manufacturing insulated winding wire, 3 core flat cables and PVC & HDPE pipes.

Power: The company is engaged in manufacturing cables and low voltage power up to 1.1 KV in PVC categories meet the domestic and other global standards.

Construction: The company is also involved in manufacturing Flexible House wires and sell through dealer and distributor network.

Engineering: The company manufactured and supplied a vast range of screened cables to different semi government sectors and government projects through its distributors and dealers.

Key events and milestones

  • 2002: The company was Incorporated by taken over the existing running business of Kaler Electric Works.
  • 2009: 8000 Sq. Mtr. Industrial Land Allotted by RIICO for Manufacturer Unit at B-99, RIICO Industrial Growth Center, Palsana Distt. Sikar (Rajasthan).
  • 2011: 4000 Sq. Mtr. Industrial Land Allotted by RIICO for Manufacturer Unit at E-106, RIICO Industrial Growth Center, Palsana Distt. Sikar (Rajasthan).
  • 2011: Manufacture of PVC Pipe, HDPE Pipes, Cables at B-99, RIICO Industrial Growth Center, Palsana, Distt. Sikar ( Rajasthan).
  • 2012: 4000 Sq. Mtr. Industrial Land Allotted by RIICO for Manufacturer Unit at E-128, RIICO Industrial Growth Center, Palsana Distt. Sikar (Rajasthan).
  • 2012: 4000 Sq. Mtr. Industrial Land Allotted by RIICO Ltd for Manufacturer Unit at E-129, RIICO Industrial Growth Center, Palsana Distt. Sikar (Rajasthan).
  • 2017: Extension of HDPE Plant up to Size 650 MM at E-106, RIICO Industrial Growth Centre, Palsana, Distt.- Sikar (Rajasthan).
  • 2017: Establish New unit of Bus Body Manufacturing at Plot No. E-128 & E-129, RIICO Industrial Growth Centre, Palsana, Distt.- Sikar (Rajasthan).
  • 2018: Change of Name of the Company to “Rex Pipes and Cables Industries Private Limited”.
  • 2018: Conversion from Pvt. Ltd. to Public Limited and thereby change of Name of the Company to “Rex Pipes and Cables Industries Limited”.
  • 2018: Change of Objects of the Company.
  • 2018: Filing of draft prospectus for the Initial Public offer of the Company.
  • 2018: Establish Solar Grid Tied Power Plant up to capacity of 450 KWP at B-99, RIICO Industrial Growth Center, Palsana, Distt. Sikar ( Rajasthan).
  • 2019: Starting of production of Bus manufacturing.
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