Arex Industries (BSE: AREXMIS) had a P/E of 4.6× on 6 Nov 2026, below the industry P/E of 17.0×. Sales and net profit grew 3.3% and 28% a year over 3 years, with ROCE of 10% and ROE of 34%. It carries very little debt, and its dividend yield is 1.8%. It is a small-cap company with a market cap of ₹51 Cr, ranked 152nd of 246 Textile Manufacturing companies by market cap; the shares fell 4.9% over the past year.
- ₹134.35
- ₹141.70
- ₹134.35
- ₹135.00
- 666
Health check
- ReturnsBehind
−4.9% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 4.6 vs industry 17.0.
- GrowthStrong
Sales +3.3%, profit +28.3% a year over 3 years.
- ProfitabilityAverage
ROCE 10.1% vs peer median 10.7%.
- Balance sheetFair
Practically debt-free, Piotroski 5 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹51 Cr
- Small cap
- P/E
- 4.6
- Industry 17.0
- Price to book
- 1.35
- Peers 3.81
- Dividend yield
- 1.77%
- ROE
- 34.2%
- Peers 10.1%
- ROCE
- 10.1%
- Peers 10.7%
- Debt to equity
- 0.02
- Debt ₹0.88 Cr
- EPS (TTM)
- ₹30.64
- OPM (TTM)
- 18.4%
- Net margin 20.3%
- Sales growth
- +13.5%
- Latest quarter vs a year ago
- Profit growth
- +98.5%
- Latest quarter vs a year ago
- Price to sales
- 0.93
- EV/EBITDA 5.1
Strengths and risks
Strengths
- Return on equity of 34.2%.
- Practically debt-free.
- Quarterly profit up 98.5% on a year ago.
- Net margin of 20.3%.
- P/E of 4.6 against an industry P/E of 17.0.
About Arex Industries
Arex Industries Limited manufactures, sells, and trades in various woven and printed labels in India and internationally. The company offers woven labels in various finishes, including end fold, center fold, miter fold, manhattan fold, starched, coated, self-adhesive, thermo adhesive, laser cut, die cut, filled in, and comfort soft. It primarily serves garment manufacturers. The company was incorporated in 1989 and is based in Gandhinagar, India.
- Headquarters
- Gandhinagar
- Employees
- 227
- Sector
- Consumer Cyclical
- ISIN
- INE480H01011
- Website
- arex.co.in
Price range
- Avg volume (3M)
- 145
- 1-year return
- minus 4.9%
- From 52-week high
- minus 6.9%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 14.3 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.98% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.91% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.09% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.31% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.26% | minus 3.9% |
| AREXMISArex Industries | 141.30 | plus 4.67% | 51 | 4.6 | 1.35 | 10.1% | 34.2% | 18.4% | 3.3% | 28.3% | 1.77% | minus 4.9% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.91% | 22.2% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 13 | 13 | 12.4 | 14.3 | 14.8 | |
| 10.4 | 11.5 | 11 | 10.9 | 11.1 | |
| 2.6 | 1.5 | 1.4 | 3.4 | 3.7 | |
| 20.2% | 11.7% | 11.3% | 23.5% | 25.1% | |
| 0 | −0 | 0.1 | 0 | 0 | |
| 0.3 | 0.3 | 0.2 | 0.1 | 0 | |
| 1.1 | 1.1 | 1.2 | 1.1 | 1.1 | |
| – | – | – | 9.5 | – | |
| 1.3 | 0.2 | 0.1 | 11.8 | 2.7 | |
| 21.4% | −32.6% | 123.9% | 25.3% | 25.1% | |
| 1 | 0.3 | −0 | 8.8 | 2 | |
| 2.78 | 0.72 | -0.07 | 24.47 | 5.52 |
Profit & loss
- Sales CAGR 3Y
- +3.3%
- Profit CAGR 3Y
- +28.3%
- EPS CAGR 3Y
- +32.5%
- ROE
- 34.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 45 | 51 | 51.1 | 49.6 | |
| – | +13.3% | +0.3% | minus 2.9% | |
| 38.2 | 41.9 | 43 | 42.4 | |
| 6.8 | 9.1 | 8.1 | 7.2 | |
| 15.1% | 17.8% | 15.9% | 14.5% | |
| 0.1 | 0 | 0.7 | 0.1 | |
| 1.8 | 1.3 | 1.1 | 1 | |
| 4.2 | 4.2 | 4.1 | 4.4 | |
| 0.2 | 0 | 0 | 0 | |
| 1 | 3.7 | 3.7 | 1.9 | |
| 30.6% | 31.1% | 28.2% | 22.8% | |
| 0.7 | 2.5 | 2.6 | 1.5 | |
| – | +262.9% | +3.6% | minus 43.8% | |
| 1.77 | 6.42 | 7.32 | 4.12 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4 | 4 | 3.6 | 3.6 | |
| 25.1 | 27.7 | 22.1 | 24.1 | |
| 17.8 | 10.5 | 12.3 | 10.6 | |
| 5.9 | 8.1 | 8.6 | 6.6 | |
| 52.7 | 50.2 | 46.6 | 45 | |
| 33.4 | 30.4 | 27.9 | 28.4 | |
| – | 0 | 0.9 | 3 | |
| 0.8 | 0.9 | 0.9 | 0.9 | |
| 0.1 | 0 | 0 | 0.1 | |
| 18.4 | 18.9 | 17 | 12.6 | |
| 52.7 | 50.2 | 46.6 | 45 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.1 | 9.5 | 8.9 | 7.6 | |
| −0.7 | −0.9 | −0.8 | −4.7 | |
| −7.4 | −8.6 | −8.1 | −2.8 | |
| 0 | −0 | 0 | 0.1 | |
| −1.5 | −1.2 | −1.6 | −4.9 | |
| 6.6 | 8.3 | 7.3 | 2.7 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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