The 5-year analysis of Texmo Pipes & Products Ltd's performance infers:
We analysed the performance of Texmo Pipes & Products Ltd share prices over the last 10 years. Here is what we found out:
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 personnelâ€™s.
The company's image has been developed in the market due to its highest quality
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 â€œISIâ€ 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
Awards / Recognition