Texmo Pipes And Products Ltd Stock Analysis

BSE: 533164 | NSE: TEXMOPIPES | Plastic Products | Small Cap

BSE Share Price 27-Jan-2023 18:01
55.05 -0.95 (-1.70%)

DeciZen - Make an Informed Decision on Texmo Pipes & Prod.

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Texmo Pipes & Prod. Price Chart

P/E Ratio ( SA) :
24.75
Market Cap :
160.7 Cr.
52-wk low :
49
52-wk high :
98.9
Bole Toh?

1. Is Texmo Pipes And Products Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Texmo Pipes And Products Ltd is a average quality company.

2. Is Texmo Pipes And Products Ltd undervalued or overvalued?

The key valuation ratios of Texmo Pipes And Products Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Texmo Pipes And Products Ltd a good buy now?

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

10 Year X-Ray of Texmo Pipes & Prod.:

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.
Texmo Pipes And Products Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 4.2%5.4%7.1%7%3.7%3.4%4.8%6.1%8.9%10.2%-
Value Creation Index -0.7-0.6-0.5-0.5-0.7-0.8-0.7-0.6-0.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 155179244258260245310328422564568
YoY Gr. Rt. %-15.5%36.7%5.7%0.9%-5.6%26.2%5.8%28.6%33.9%-
Adj EPS 0.40.81.41.5-0.50.11.21.93.952.2
YoY Gr. Rt. %-81.8%73.8%5%-135.6%NA1050%65.2%102.6%29.9%-
BVPS (₹) 48.649.350.752.333.132.433.134.836.641.641.7
Adj Net Profit 11.93.33.5-1.30.23511.314.66
Cash Flow from Ops. 25.18.921.412.18.123.317.517.230.938-
Debt/CF from Ops. 26.62.54.98.22.62.92.90.90.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.5%16.8%22.1%33.9%
Adj EPS 31%NA63.2%29.9%
BVPS -1.74.77.913.6
Share Price 20.1% 17.2% 52.3% -38.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 0.91.62.82.8-0.90.223.36.98.25.3
Op. Profit Mgn % 9.79.68.88.25.94.95.66.96.96.35
Net Profit Mgn % 0.71.11.41.4-0.50.111.52.72.61.1
Debt to Equity 0.40.50.50.50.80.70.60.60.30.20.1
Working Cap Days 29626919417519322215614811076133
Cash Conv. Cycle 1091091021111241155154392564

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.13%

Net Profit is growing at healthy rate in last 3 years 63.21%

Return on Equity has declined versus last 3 years average to 5.30%

Sales growth is not so good in last 4 quarters at 9.18%

Latest Financials - Texmo Pipes And Products Ltd.

Standalone Consolidated
TTM EPS (₹) 2.2 2.1
TTM Sales (₹ Cr.) 568 568
BVPS (₹.) 41.7 63.5
Reserves (₹ Cr.) 93 156
P/BV 1.32 0.87
PE 24.75 26.73
From the Market
52 Week Low / High (₹) 49.00 / 98.90
All Time Low / High (₹) 2.70 / 162.80
Market Cap (₹ Cr.) 161
Equity (₹ Cr.) 29.2
Face Value (₹) 10
Industry PE 19.9

Management X-Ray of Texmo Pipes & Prod. :

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Texmo Pipes & Prod.

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Texmo Pipes And Products Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Texmo Pipes & Prod. on 27-Jan-2023 18:01 is : 55.05.
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 27-Jan-2023 18:01 the market cap of Texmo Pipes & Prod. stood at ₹ 160.7.
The latest PE ratio of Texmo Pipes & Prod. as of 27-Jan-2023 18:01 is 24.75.
The latest PB ratio of Texmo Pipes & Prod. as of 27-Jan-2023 18:01 is 1.32
The 52-week high of Texmo Pipes & Prod. is ₹ 98.90 and the 52-week low is ₹ 49.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Texmo Pipes & Prod. is ₹ 568.1 ( Cr.) .

About Texmo Pipes And Products Ltd

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
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