MoneyWorks4Me

Texmo Pipes And Products Ltd (TEXMOPIPES)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533164 NSE: TEXMOPIPES Plastic Products | Small Cap | Texmo Pipes & Prod. Share Price

₹60.09 3.77 (6.69%)

As on 11-Sep'26 16:59

Texmo Pipes And Products Ltd (TEXMOPIPES)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533164 NSE: TEXMOPIPES Plastic Products | Small Cap | Texmo Pipes & Prod. Share Price

₹60.09 3.77 (6.69%)

As on 11-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹175 Cr.
Current Price
₹60.1
52-Week Low / High
₹33 / 63
TTM EPS
₹5.2
TTM Sales
₹388 Cr.
Book Value per Share
₹59.4
P/E Ratio
11.61
Lower than its 5-year historical median
Industry PE
37.4
Price to Book (P/B)
1.01
Lower than its 5-year historical median
Price to Sales (P/S)
0.45
Higher than its 5-year historical median
EV/EBITDA
5.43
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
8.71%
Outperforms industry median
Return on Capital Employed (ROCE)
12.36%
Outperforms industry median
Return on Assets (ROA)
3.79%
Operating Profit Margin
8.6%
Net Profit Margin
3.7%
Gross Profit Margin
7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-3.68%
Operating Profit Growth (1 Year)
-
-9.51%
Net Profit Growth (1 Year)
-
-22.65%
Asset Quality
Promoter Holding
44.24%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹144 Cr.
Equity
₹29.2 Cr.
Face Value
₹10
All Time Low / High
₹2.70 / 162.80

Texmo Pipes And Products stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Strong
Q.1 Is Texmo Pipes And Products Ltd a good quality company?
Texmo Pipes And Products Ltd is a weak quality company, based on a inconsistent 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 Texmo Pipes And Products Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Texmo Pipes And Products Ltd vs industry peers?
Texmo Pipes And Products Ltd revenue CAGR is -2.28%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Texmo Pipes And Products Ltd?
Promoters hold 44.24% of the Texmo Pipes And Products Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Texmo Pipes And Products Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.9% 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.
Texmo Pipes And Products 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 7.7%7.8%9.8%11.9%17.3%20.4%13.2%15.5%12.6%11.2%-
Value Creation
Index
-0.5-0.4-0.3-0.20.20.5-0.10.1-0.1-0.2-

Growth Parameters

Sales 260245310328422564638538366353365
Sales YoY Gr.--5.6%26.2%5.8%28.6%33.9%13.1%-15.7%-32%-3.7%-
Adj EPS -0.50.11.21.93.953.44.66.143.9
YoY Gr.-NA1050%65.2%102.6%29.9%-32.8%37.2%31.5%-34.2%-
BVPS (₹) 33.132.433.134.836.641.642.145.351.455.457
Adj Net
Profit
-1.30.23511.314.69.813.517.711.711
Cash Flow from Ops. 8.123.317.517.230.93815.319.430-12.9-
Debt/CF from Ops. 8.22.62.92.90.90.71.21.50.9-1.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 3.4%-3.5%-18%-3.7%
Adj EPS NA0.7%5.9%-34.2%
BVPS5.9%8.7%9.7%8%
Share Price 7.9% 3.9% -5.7% 1.1%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
-0.90.223.36.98.25.378.65.36.9
Op. Profit
Mgn %
5.94.95.66.96.96.36.56.87.66.66.7
Net Profit
Mgn %
-0.50.111.52.72.61.52.54.83.33.1
Debt to
Equity
0.80.70.60.60.30.20.20.20.20.1-
Working Cap
Days
193222156148110768492143167112
Cash Conv.
Cycle
124115515439253943728762

Valuation of Texmo Pipes & Prod. - Consolidated

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
Sales298251310328422564638534391376
Operating Expenses + 283239293306393529670501356344
Manufacturing Costs12142121222631322627
Material Costs238199237248329428492394270251
Employee Cost 13121514121519202124
Other Costs 201521233061128553942
Operating Profit 151217222935-32333532
Operating Profit Margin (%) 5.0%4.8%5.5%6.8%6.8%6.3%-5.0%6.2%9.0%8.5%
Other Income + 4411111125
Exceptional Items 001-100-12-500
Interest 1210101110913866
Depreciation 75666811111411
Profit Before Tax 01461419-67101720
Tax 21123556-16
Profit After Tax -10341114-7251814
PAT Margin (%) -0.5%0.1%1.0%1.2%2.6%2.5%-11.2%0.9%4.6%3.7%
Adjusted EPS (₹)-0.60.11.11.53.74.9-24.61.66.64.8
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 + 190192203213226243187197216230
Share Capital 24252626292929292929
Reserves 166167176187197214158168187201
Debt +63564948231914394643
Long Term Debt151510761713302917
Short Term Debt49423941172191726
Minority Interest0000000-0-1-2
Trade Payables49505947434648493547
Others Liabilities 36343535435658636455
Total Liabilities 338332345343336364307347361374

Fixed Assets

Net Fixed Assets +109109113114111142139167142139
Gross Block115119129136139178139223207215
Accumulated Depreciation611162228360566576
CWIP 1400000010
Investments 0000000000
Inventories82696473566471705575
Trade Receivables46416244444556658091
Cash Equivalents 1011899109113111
Others Assets 89999910211610233335358
Total Assets 338332345343336364307347361374
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 82420202741020201
PBT 01461419-67101720
Adjustment 161518221525112352218
Changes in Working Capital -810-1-602-40-19-13-31
Tax Paid -1-2-1-1-2-6-5-6-6-6
Cash Flow From Investing Activity + -5-9-7-9-0-2921-362-2
Capex -10-7-7-6-3-26-7-3710-7
Net Investments 4-3-100-227-000
Others 111-22-111-85
Cash Flow From Financing Activity + -3-14-14-12-27-11-20171-15
Net Proceeds from Shares 0330000000
Net Proceeds from Borrowing 60-4-3-113-416-1-13
Interest Paid -12-10-10-11-9-8-12-7-5-5
Dividend Paid 0000000000
Others 2-7-32-17-16-5773
Net Cash Flow -11-10-000024-16
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)-1.010.122.232.756.968.34-47.563.5912.618.71
ROCE (%)6.365.787.058.3912.114.31-31.3711.6412.2612.36
Asset Turnover Ratio1.080.771.071.111.461.981.91.921.291.18
PAT to CFO Conversion(x)N/AN/A6.6752.452.93N/A41.110.07
Working Capital Days
Receivable Days80.6061.5051.5050.3032.6023.5028.9035.3058.1071.90
Inventory Days88.70106.8066.9065.2047.6031.6038.5040.905054.70
Payable Days29.706683.80785038.1034.8044.805760.10

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Texmo Pipes And Products Ltd FAQs

The current trading price of Texmo Pipes & Prod. on 11-Sep-2026 16:59 is ₹60.09.

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 10-Sep-2026 the market cap of Texmo Pipes & Prod. stood at ₹175.4 Cr

The latest P/E ratio of Texmo Pipes & Prod. as of 10-Sep-2026 is 15.44.

The latest P/B ratio of Texmo Pipes & Prod. as of 10-Sep-2026 is 1.05.

The 52-week high of Texmo Pipes & Prod. is ₹63.00 and the 52-week low is ₹33.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Texmo Pipes & Prod. is ₹365 ( Cr.) .

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

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

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

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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