X

Texmo Pipes & Products Ltd. Stock Analysis

Small Cap
Evaluated by 383 users | BSE: 533164 | NSE: TEXMOPIPES |
Plastic Products
Texmo Pipes and Products, a public limited company incorporated on July 3, 2008 by conversion of Shree Mohit Industries that was a fast emerging and spearheading industry an associate of Shree Balaji Industries, was established in 1988 at Burhanpur (Madhya Pradesh). The company is equipped...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 9.59%9.94%7.34%4.17%5.35%7.05%6.98%3.71%3.42%4.81%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 76.2123156155179244258260245310
Y-o-Y Gr. Rt.-61.2%26.7%-0.7%15.5%36.7%5.7%0.9%-5.6%26.2%
Adjusted EPS (Rs.) 3.556.031.940.440.81.391.46-0.520.11.15
Y-o-Y Gr. Rt.-69.9%-67.8%-77.3%81.8%73.8%5%-135.6%NA1050%
Book Value per Share (Rs.) 49.2653.8447.7448.5849.3450.7152.2833.0532.3533.07
Adjusted Net Profit 46.84.611.93.33.5-1.30.23
Net Op. Cash Flow (Rs. Cr.) -22.1-6.114.725.18.921.412.18.123.317.5
Debt to Cash Flow from Ops -1.99-9.734.431.956.562.524.98.222.572.96
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Texmo Pipes & Products Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 16.9%11.7%6.3%26.2%
Adjusted EPS -11.8%7.5%-7.7%1050%
Book Value per Share -4.3-7.7-14.22.2
Share Price -10.7% -0.9% -14.9% -21.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 11.711.525.240.91.632.782.83-0.930.172.04
Operating Profit Margin (%) 13.1612.8212.689.749.628.848.155.884.895.58
Net Profit Margin (%) 5.265.532.970.671.061.361.35-0.480.10.98
Debt to Equity 0.790.980.570.420.50.450.480.840.740.59
Working Capital Days 207203246296269194175193222182
Cash Conversion Cycle 1179910510910910211112411571
Entity Percentage Holding
Promoters 38.15%
Institutions 0.25%
Non-Institutions 61.61%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Texmo Pipes & Prod.'s performance infers:

Texmo Pipes & Prod. earnings have grown by 7.5%, whereas share price has depreciated -0.9% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Texmo Pipes & Prod. share prices over the last 10 years. Here is what we found out:

Texmo Pipes & Prod. share price has depreciated -15% annually over the past ten years.

Texmo Pipes and Products, a public limited company incorporated on July 3, 2008 by conversion of Shree Mohit Industries that was a fast emerging and spearheading industry an associate of Shree Balaji Industries, was established in 1988 at Burhanpur (Madhya Pradesh). The company is equipped with professionally managed team of skilled operators, efficient technocrats and dynamic marketing personnel’s.

The company's image has been developed in the market due to its highest quality

Texmo Pipes and Products, a public limited company incorporated on July 3, 2008 by conversion of Shree Mohit Industries that was a fast emerging and spearheading industry an associate of Shree Balaji Industries, was established in 1988 at Burhanpur (Madhya Pradesh). The company is equipped with professionally managed team of skilled operators, efficient technocrats and dynamic marketing personnel’s.

The company's image has been developed in the market due to its highest quality products through process excellence by promoting efficiencies, productivity and professionalism with the result its brand Texmo has spread in the heart of millions of widespread clientele, government, semi government organizations and private sectors with in the country and abroad.

Shree Mohit Industries started its operations in the financial year 1999-2000 with manufacturing of PVC pipes having total installed capacity of 2928 MTPA. During 2000- 01, the erstwhile firm started manufacturing HDPE pipes and increased its installed capacity from 2928 mtpa to 4392 mtpa. The new products introduced by the erstwhile firm were plumbing pipe, conduit pipe and PLB HDPE cable duct. Subsequently in the year 2003, the erstwhile firm started manufacturing suction and delivery hose pipe, elastomeric sealing ringfit PVC pipe (gasket pipe), SWR pipe, column pipe, HDPE plain pipe, sprinkler pipe and drip irrigation system. The installed capacity with this expansion was increased to 4137 mtpa and 2228 mtpa for PVC and HDPE pipes respectively, which was further increased to 5933.20 mtpa and 4435.20 mtpa respectively during 2005-06. The company has increased the installed capacity of PVC pipes to 6797.20 mtpa during 2006-07 and 7217 mtpa for HDPE pipes during 2007-08. The total installed capacity as approved by District Trade and Industries Centre, Burhanpur, Government of Madhya Pradesh is 44,000 mtpa.

Presently, it is engaged into manufacturing of range of PVC and HDPE pipes viz. suction and delivery hose pipe, rigid PVC pipes, elastomeric sealing ringfit PVC pipe (gasket pipe), PVC casing and ribbed screen casing pipes, SWR pipe, plumbing pipe, conduit pipe, caping casing strips, column pipe, HDPE plain pipe, sprinkler pipe, PLB HDPE cable duct and drip irrigation system. It carries out its manufacturing activities at two units. The pipes manufactured by the company suits the requirements of application in irrigation, agriculture, potable water supply schemes, sewerage and drainage systems, construction industry, telecom industry, and bore / tube well for underground water suction. The PVC pipes for potable water supplies have measurement ranging from 20 mm diameter to 315 mm diameters and HDPE pipes have measurement ranging from 20 mm to 630 mm diameter. The company has marketing presence in the states of Madhya Pradesh, Maharashtra, Uttar Pradesh, Gujarat, Andhra Pradesh and Rajasthan.

Shree Mohit Industries was accredited with ISO-9001:2000 certification in respect of its quality management systems from SGS United Kingdom in the year 2002. The erstwhile firm had also got permission by The Bureau of Indian Standard (BIS) to use the standard mark “ISI” for PVC pipes used in potable water supplies. In the year 2001 Bharat Sanchar Nigam, Bangalore, granted the erstwhile firm Technical Specification Evaluation Certificate (earlier termed as Type Approval Certificate) in respect of manufacturing and trading of permanently lubricated HDPE telecom ducts and in 2005, Maharashtra Jeevan Pradhikaran enlisted the firm as an approved manufacturer and supplier of specified PVC pipes. In the year 2006, the government of Maharashtra also enlisted the erstwhile firm for supply of specified pipes for Jalswarajya Project. In the year 2007, Gujarat Water Supply and Sewerage Board approved the company as the approved manufacturer (vendor) for supply of PVC casing and ribbed screen casing pipes.

Products of the company

  • SWR Pipes
  • Solvent Cement
  • Elastomeric Pipes
  • PLB HDPE Duct
  • Rigid PVC Pipes
  • HDPE Pipes
  • Casing Pipes for Tube Well
  • HDPE ID Pipes
  • Conduits Pipes
  • HDPE Sprinkler Pipes
  • Plumbing Pipes
  • LD (Krishi) Pipes
  • Suction Hose and Garden Pipes
  • Submersible Column Pipes

Awards / Recognition

  • Awarded quality assurance certificate first time in Madhya Pradesh from Bharat Sanchar Nigam.
  • Possess ISI certifications from Bureau of Indian Standard (BIS).
  • Rate contract with DGS&D. 
  • Approval certificate from MTNL, BSNL, VSNL, BEST, Idea, Reliance. 
  • Awarded ISO-9001 certificate. 

Group Companies

  • Shree Balaji Industries   
  • Shree Padmavati Irrigations   
  • Shree Venkatesh Industries
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback