Past 10 year’s financial track record analysis by Moneyworks4me indicates that Piotex Industries Ltd is a below average quality company.
The key valuation ratios of Piotex 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 Piotex Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 32.8% | 29.3% | 64.6% | - |
| Value Creation Index ⓘ | 1.3 | 1.1 | 3.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 54.4 | 80.2 | 86 | 86 |
| Sales YoY Gr. | - | 47.5% | 7.2% | - |
| Adj EPS ⓘ | 2.4 | 3 | 11.7 | 5.7 |
| YoY Gr. | - | 24% | 289% | - |
| BVPS (₹) ⓘ | 3.1 | 6.1 | 17.8 | 0 |
| Adj Net Profit ⓘ | 0.6 | 0.7 | 2.9 | 3 |
| Cash Flow from Ops. ⓘ | -1.1 | 0.1 | -1.2 | - |
| Debt/CF from Ops. ⓘ | -2.1 | 69.9 | -3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 7.2% | ||||
| Adj EPS ⓘ | NA | NA | NA | 289% | ||||
| BVPSⓘ | NA | NA | NA | 191% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 77.8 | 65.1 | 97.7 | 63.7 |
| Op. Profit Mgn % ⓘ | 1.7 | 1.5 | 4.8 | NAN |
| Net Profit Mgn % ⓘ | 1.1 | 0.9 | 3.4 | 3.4 |
| Debt to Equity ⓘ | 2.9 | 3.5 | 0.9 | - |
| Working Cap Days ⓘ | 0 | 40 | 65 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 17 | 4 | 0 |
Debt to equity has declined versus last 3 years average to 0.85
Return on Equity has declined versus last 3 years average to 63.70%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 5.7 | - |
| TTM Sales (₹ Cr.) | 86 | - |
| BVPS (₹.) ⓘ | 0 | - |
| Reserves (₹ Cr.) ⓘ | 19 | - |
| P/BV ⓘ | 0.00 | - |
| PE ⓘ | 10.41 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 57.03 / 126.01 |
| All Time Low / High (₹) | 57.03 / 126.01 |
| Market Cap (₹ Cr.) | 30.1 |
| Equity (₹ Cr.) | 5.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 69 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Sales | 54.39 | 80.22 | 86.01 |
| Operating Expenses ⓘ | 53.45 | 79.03 | 81.85 |
| Manufacturing Costs | 0 | 0.08 | 0 |
| Material Costs | 52.39 | 77.59 | 81.57 |
| Employee Cost | 0.19 | 0.21 | 0.11 |
| Other Costs ⓘ | 0.88 | 1.15 | 0.17 |
| Operating Profit ⓘ | 0.93 | 1.19 | 4.16 |
| Operating Profit Margin (%) | 1.7% | 1.5% | 4.8% |
| Other Income ⓘ | 0.05 | 0.24 | 0.67 |
| Interest ⓘ | 0.16 | 0.44 | 0.90 |
| Depreciation ⓘ | 0 | 0 | 0 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0.82 | 1 | 3.92 |
| Tax ⓘ | 0.22 | 0.26 | 1.03 |
| Profit After Tax | 0.60 | 0.74 | 2.89 |
| PAT Margin (%) | 1.1% | 0.9% | 3.4% |
| Adjusted EPS (₹) | 2.4 | 3.0 | 11.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 0.77 | 1.51 | 4.40 | |||||||
| Share Capital ⓘ | 0.15 | 0.15 | 0.15 | |||||||
| Reserves ⓘ | 0.62 | 1.36 | 4.25 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 2.21 | 5.29 | 3.72 | |||||||
| Long Term Debt | 1.72 | 1.23 | 3.72 | |||||||
| Short Term Debt | 0.49 | 4.05 | 0 | |||||||
| Trade Payables | 1.54 | 5.62 | 9.30 | |||||||
| Others Liabilities ⓘ | 0.30 | 1.44 | 0.15 | |||||||
| Total Liabilities ⓘ | 4.82 | 13.85 | 17.58 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 0 | 0 | 0.13 | |||||||
| Accumulated Depreciation | 0 | 0 | 0 | |||||||
| Net Fixed Assetsⓘ | 0 | 0 | 0.12 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | |||||||
| Investmentsⓘ | 0 | 0 | 0 | |||||||
| Inventories | 0.47 | 8.56 | 0.08 | |||||||
| Trade Receivables | 3.07 | 1.78 | 9.14 | |||||||
| Cash Equivalents | 1.01 | 0.21 | 0.45 | |||||||
| Others Assetsⓘ | 0.27 | 3.31 | 7.78 | |||||||
| Total Assets ⓘ | 4.82 | 13.85 | 17.58 | |||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -1.06 | 0.08 | -1.22 |
| PBT ⓘ | 0.82 | 1 | 3.92 |
| Adjustment ⓘ | 0.13 | 0.39 | 0.90 |
| Changes in Working Capital ⓘ | -1.79 | -1.05 | -5.02 |
| Tax Paid ⓘ | -0.22 | -0.26 | -1.03 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | -0.13 |
| Capex | 0 | 0 | -0.13 |
| Net Investments | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 1.73 | -0.88 | 1.59 |
| Net Proceeds from Shares ⓘ | 0.14 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 1.72 | -0.49 | 2.49 |
| Interest Paid ⓘ | -0.13 | -0.39 | -0.90 |
| Dividend Paid ⓘ | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 0.68 | -0.80 | 0.24 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 77.77 | 65.07 | 97.65 | |||||||
| ROCE (%) | 32.82 | 29.34 | 64.63 | |||||||
| Asset Turnover Ratio | 11.28 | 8.59 | 5.47 | |||||||
| PAT to CFO Conversion(x) | -1.77 | 0.11 | -0.42 | Working Capital Days | ||||||
| Receivable Days | 21 | 11 | 23 | |||||||
| Inventory Days | 3 | 21 | 18 | |||||||
| Payable Days | 11 | 17 | 33 | |||||||
Piotex Industries Limited was originally incorporated on October 24, 2019 as “Piotex Industries Private Limited” under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently Company was converted into Public Limited Company and name of company was changed from ‘Piotex Industries Private Limited’ to ‘Piotex Industries Limited’ vide fresh certificate of incorporation dated August 11, 2023 issued by the Registrar of Companies, Pune.
The company is in business of contract manufacturing and trading of yarn, fabric and cotton bales. Its Products are used for various purposes such as garments & home furnishings, etc. It engages in trading of cotton bales. It also manufactures cotton yarn through out-sourcing model (Job-work) which is almost always in demand by the garment manufacturing industry. The company is engaged mainly in 2 activities: Trading of Cotton Bales, Synthetic Fiber, Cotton Yarn and Fabric: The company was established in Oct 2019, and till then the company has started trading business of Cotton Bales and Cotton Yarn in the textile hub of Maharashtra viz. Malegaon, Ichalkaranji and Bhiwandi. Also company supply the cotton yarn to Burhanpur and Ahmedabad. This business is already going on day to day, and also added fabric trading business from 2022-23. Also Company has a Sole Selling Agency agreement with Babasaheb Deshmukh Industries for their finished product i.e. Cotton Yarn; and In the same way company started manufacturing through job work and Fabric Weaving job in which company provides the Yarn to jobworkers and weaving unit and they do the process of weaving on contracted charges and return the finished goods. The finished goods i.e. Fabric is then sold to customers.
It ensures the consistent quality of the Cotton Yarn as from the beginning it has the power of selection and control of raw material from Ginning. The company also focuses in high quality of yarn and fabrics utilizing best technology, at the most competitive prices and maintaining long term association with its clients. The level of advancement in job work process determines the productivity of machines and labour, which in turn, determines the production and profitability of the Company. Its technical team is equipped with modern technology and processing techniques by virtue of which it is able to ensure quality output.
Business area of the company
The company is engaged in Trading of Textile Items, contract Manufacturing of cotton yarn & Fabrics and providing solutions pertaining to Textile Technologies.
Products of the company
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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