As of 6 Nov 2026, FX Multitech trades at 14.7× trailing earnings, below the industry P/E of 24.8×, and the shares are 20% below their 52-week high. Sales and net profit grew 8.5% and 37% a year over 3 years; its ROCE of 45% is the highest among the 7 largest Building Products & Equipment peers. Debt is 0.82× equity. It is listed on an SME platform with a market cap of ₹173 Cr, ranked 37th of 64 Building Products & Equipment companies by market cap; the shares fell 6.5% over the past year.
- ₹124.10
- ₹124.10
- ₹120.50
- ₹120.00
- 46.8K
Health check
- ReturnsIn line
−6.5% over a year, better than 3 of 7 peers.
- Price tagCheaper
P/E 14.7 vs industry 24.8.
- GrowthStrong
Sales +8.5%, profit +37.1% a year over 3 years.
- ProfitabilityStrong
ROCE 44.5% vs peer median 20.7%.
- Balance sheetFair
Debt 0.82× equity, interest covered 8.2×, Piotroski 4 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹173 Cr
- Small cap
- P/E
- 14.7
- Industry 24.8
- Price to book
- 4.56
- Peers 7.95
- Dividend yield
- 0.00%
- ROE
- 35.5%
- Peers 18.7%
- ROCE
- 44.5%
- Peers 20.7%
- Debt to equity
- 0.82
- Debt ₹25 Cr
- EPS (TTM)
- ₹8.22
- OPM (TTM)
- 14.3%
- Net margin 9.4%
- Sales growth
- n/a
- Year-ago quarter not reported
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 1.38
- EV/EBITDA 10.2
Strengths and risks
Strengths
- Return on equity of 35.5%.
- Return on capital employed of 44.5%.
- P/E of 14.7 against an industry P/E of 24.8.
About FX Multitech
FX Multitech Limited engages in the distribution and export of engineering products for industrial and commercial refrigeration and HVAC (heating, ventilation, and air conditioning) and industrial refrigeration sectors. It offers products in the areas of hermetic compressors, industrial refrigeration controls, variable frequency drives and automation, specialized components and tools, refrigeration and air-conditioning controls, heat exchangers, cold room…
- Headquarters
- Ahmedabad
- Sector
- Industrials
- ISIN
- INE1D0M01019
- Website
- fxmultitech.com
Price range
- Avg volume (3M)
- 1.7 L
- 1-year return
- minus 6.5%
- From 52-week high
- minus 20.5%
Peers · Building Products & Equipment
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CPPLUSAditya Infotech | 4,131.40 | minus 0.94% | 50,682 | 82.2 | 88.3 | 25.9% | 14.5% | 0.10 | 22.7% | plus 215.4% |
| SUPREMEINDSupreme Industries | 3,156.90 | minus 4.07% | 40,118 | 35.5 | 25.0 | 19.6% | 14.4% | 0.01 | 6.8% | minus 15.4% |
| ASTRALAstral | 1,253.60 | minus 9.68% | 33,678 | 59.3 | 31.1 | 17.6% | 15.5% | 0.08 | 8.4% | minus 5.4% |
| BLUESTARCOBlue Star | 1,575.00 | plus 0.19% | 32,381 | 60.6 | 33.4 | 20.7% | 6.6% | 0.22 | 15.7% | minus 18.0% |
| GRINDWELLGrindwell Norton | 1,919.10 | minus 0.55% | 21,248 | 46.0 | 34.1 | 21.0% | 19.2% | 0.02 | 6.6% | plus 16.8% |
| KAJARIACERKajaria Ceramics | 1,180.70 | minus 2.08% | 18,554 | 31.1 | 21.0 | 21.0% | 19.0% | 0.13 | 3.3% | plus 3.3% |
| FINPIPEFinolex Industries | 141.95 | minus 1.95% | 8,777 | 14.5 | 9.5 | 12.6% | 17.5% | 0.02 | −2.4% | minus 23.1% |
| FXMLFX Multitech | 120.80 | plus 0.67% | 173 | 14.7 | 10.2 | 44.5% | 14.3% | 0.82 | 8.5% | minus 6.5% |
| Median of 7 peers | – | −1.95% | 32,381 | 46.0 | 31.1 | 20.7% | 15.5% | 0.08 | 6.8% | −5.4% |
Quarterly results
| ₹ Cr | Jun 25 |
|---|---|
| 26.6 | |
| 22.7 | |
| 3.9 | |
| 14.7% | |
| 0 | |
| 0.5 | |
| 0.2 | |
| 3.2 | |
| 24.9% | |
| 2.4 |
Profit & loss
- Sales CAGR 3Y
- +8.5%
- Profit CAGR 3Y
- +37.1%
- ROE
- 35.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 98.6 | 68.5 | 102 | 126 | |
| – | minus 30.5% | +48.8% | +23.7% | |
| 91.3 | 61.6 | 88 | 107 | |
| 7.3 | 6.9 | 13.9 | 19.5 | |
| 7.4% | 10.0% | 13.7% | 15.5% | |
| 0.1 | 0.1 | 0.2 | 0 | |
| 1.2 | 1.2 | 1.1 | 2.3 | |
| 0.1 | 0.1 | 0.2 | 0.8 | |
| 0.1 | −0 | 0 | −0.2 | |
| 6.1 | 5.6 | 12.8 | 16.3 | |
| 25.5% | 25.7% | 25.5% | 25.6% | |
| 4.6 | 4.2 | 9.6 | 11.8 | |
| – | minus 8.8% | +128.6% | +23.6% |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.3 | 0.3 | 10.8 | 10.8 | |
| 12.3 | 16.4 | 15.5 | 27.3 | |
| 11.9 | 11.2 | 21.9 | 26.1 | |
| 11.7 | 4.7 | 21.1 | 21.7 | |
| 36.1 | 32.7 | 69.3 | 85.9 | |
| 0.5 | 0.5 | 4.2 | 4 | |
| – | 1.2 | 1.2 | 0 | |
| – | 0.5 | 0.5 | 1 | |
| 0.4 | 0.1 | 0.1 | 0.6 | |
| 35.2 | 30.4 | 63.3 | 80.3 | |
| 36.1 | 32.7 | 69.3 | 85.9 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.6 | 1.5 | −1.9 | −1 | |
| 2.2 | −0.1 | −1.5 | −0.7 | |
| −2.6 | −1.8 | 3.4 | 2.1 | |
| 0.1 | −0.3 | −0 | 0.4 | |
| −0.1 | −0.1 | −1.6 | −0.6 | |
| 0.5 | 1.4 | −3.5 | −1.6 |
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
No recent news coverage found.