Piotex Industries (BSE: PIOTEX) had a P/E of 15.5× on 6 Nov 2026, below the industry P/E of 17.0×, and the shares are 73% below their 52-week high. Sales grew 1.6% a year over 3 years while net profit fell 39%; its ROCE of 4.2% is the lowest among the 7 largest Textile Manufacturing peers. It carries very little debt. It is listed on an SME platform with a market cap of ₹10 Cr, ranked 223rd of 246 Textile Manufacturing companies by market cap; the shares fell 70% over the past year.
- ₹20.90
- ₹21.66
- ₹19.95
- ₹21.66
- 8.4K
Health check
- ReturnsBehind
−69.6% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 15.5 vs industry 17.0.
- GrowthSlow
Sales +1.6%, profit −39.0% a year over 3 years.
- ProfitabilityWeak
ROCE 4.2% vs peer median 10.7%.
- Balance sheetFair
Practically debt-free, Piotroski 6 of 9.
- Red flags5 to check
Return on equity is low at 2.5%.
Small cap
High beta
Key metrics
- Market cap
- ₹10 Cr
- Small cap
- P/E
- 15.5
- Industry 17.0
- Price to book
- 0.39
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- 2.5%
- Peers 10.1%
- ROCE
- 4.2%
- Peers 10.7%
- Debt to equity
- 0.00
- Debt ₹0.07 Cr
- EPS (TTM)
- ₹1.29
- OPM (TTM)
- 1.3%
- Net margin 0.7%
- Sales growth
- −65.7%
- Latest quarter vs a year ago
- Profit growth
- −67.2%
- Latest quarter vs a year ago
- Price to sales
- 0.11
- EV/EBITDA 20.6
Strengths and risks
Strengths
- Practically debt-free.
Risks to check
- Return on equity is low at 2.5%.
- Quarterly profit down 67.2% on a year ago.
- Quarterly sales down 65.7% on a year ago.
- 73% below its 52-week high.
- Interest coverage of only 2.2×.
About Piotex Industries
Piotex Industries Limited engages in the contract manufacturing and trading of cotton yarn, fabric, and cotton bales. It also offers garments for corporates, industrials, hotels, hospitals, and schools. The company manufactures cotton yarn through outsourcing model, as well as products that are used for various purposes. such as garments and home furnishings, etc. Piotex Industries Limited was incorporated in 2019 and is headquartered in Pune, India.
- Headquarters
- Pune
- Sector
- Consumer Cyclical
- ISIN
- INE0R4W01015
- Website
- piotexindustries.com
Price range
- Avg volume (3M)
- 1.7K
- 1-year return
- minus 69.6%
- From 52-week high
- minus 72.8%
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% |
| PIOTEXPiotex Industries | 20.00 | minus 7.66% | 10 | 15.5 | 0.39 | 4.2% | 2.5% | 1.3% | 1.6% | −39.0% | 0.00% | minus 69.6% |
| 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
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +1.6%
- Profit CAGR 3Y
- −39.0%
- ROE
- 2.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 86 | 118 | 134 | 90.2 | |
| – | +37.7% | +13.4% | minus 32.9% | |
| 81.8 | 115 | 130 | 89.7 | |
| 4.2 | 3.8 | 4.6 | 0.5 | |
| 4.8% | 3.2% | 3.5% | 0.6% | |
| 0.7 | 0.5 | 0.2 | 0.7 | |
| 0.9 | 0.2 | 0.4 | 0.2 | |
| 0 | 0 | 0 | 0 | |
| 3.9 | 4 | 4.5 | 0.9 | |
| 26.3% | 25.2% | 25.2% | 25.9% | |
| 2.9 | 3 | 3.4 | 0.7 | |
| – | +4.2% | +11.8% | minus 80.5% | |
| 5.66 | 5.89 | 6.85 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.2 | 3.6 | 5.1 | 5.1 | |
| 4.3 | 5.8 | 20.4 | 21.1 | |
| 3.7 | 4.5 | 2.2 | 0.1 | |
| 9.5 | 22.3 | 4.4 | 3.6 | |
| 17.6 | 36.1 | 32.1 | 29.8 | |
| 0.1 | 0.1 | 0.1 | 2.9 | |
| 0.5 | 0.1 | 0.2 | 1.2 | |
| 17 | 35.9 | 31.8 | 25.7 | |
| 17.6 | 36.1 | 32.1 | 29.8 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.8 | −2.4 | −7.1 | 9.9 | |
| −0.1 | −0.5 | −2.8 | −6.5 | |
| −2.5 | 2.5 | 10 | −2.4 | |
| 0.2 | −0.4 | 0.1 | 1 | |
| −0.1 | – | −0 | −2.9 | |
| 2.7 | −2.4 | −7.1 | 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
No recent news coverage found.