Rishi Techtex (BSE: RISHITECH) had a P/E of 11.2× on 6 Nov 2026, below the industry P/E of 18.1×, and the shares are 25% below their 52-week high. Sales and net profit grew 11% and 31% a year over 3 years, with ROCE of 13% and ROE of 6.2%. Debt is 0.99× equity. It is a small-cap company with a market cap of ₹31 Cr, ranked 61st of 83 Packaging & Containers companies by market cap; the shares fell 7.4% over the past year.
- ₹41.50
- ₹41.85
- ₹38.08
- ₹41.94
- 542
Health check
- ReturnsBehind
−7.4% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 11.2 vs industry 18.1.
- GrowthStrong
Sales +11.2%, profit +30.8% a year over 3 years.
- ProfitabilityAverage
ROCE 13.2% vs peer median 16.7%.
- Balance sheetFair
Debt 0.99× equity, interest covered 2.8×, Piotroski 4 of 9.
- Red flags1 to check
Return on equity is low at 6.2%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹31 Cr
- Small cap
- P/E
- 11.2
- Industry 18.1
- Price to book
- 0.81
- Peers 2.06
- Dividend yield
- 0.00%
- ROE
- 6.2%
- Peers 14.4%
- ROCE
- 13.2%
- Peers 16.7%
- Debt to equity
- 0.99
- Debt ₹37 Cr
- EPS (TTM)
- ₹3.72
- OPM (TTM)
- 6.5%
- Net margin 1.3%
- Sales growth
- +56.3%
- Latest quarter vs a year ago
- Profit growth
- +37.9%
- Latest quarter vs a year ago
- Price to sales
- 0.18
- EV/EBITDA 6.5
Strengths and risks
Strengths
- Quarterly profit up 37.9% on a year ago.
- Quarterly sales up 56.3% on a year ago.
- P/E of 11.2 against an industry P/E of 18.1.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 6.2%.
About Rishi Techtex
Rishi Techtex Limited manufactures and sells plastic woven sacks and shade nets in India and internationally. It offers agro-tech products, such as shade and bird protection nets, weed mats, crop covers, anti-hail nets, windbreakers, and shade sails; geo-textile for ground stabilization, soil and earth reinforcement, pit linings, and soil erosion; and build-tech products, such as architectural membranes, scaffolding nets, awnings and canopies for car…
- Headquarters
- Mumbai
- Employees
- 140
- Sector
- Consumer Cyclical
- ISIN
- INE989D01010
- Website
- rishitechtex.com
Price range
- Avg volume (3M)
- 2.8K
- 1-year return
- minus 7.4%
- From 52-week high
- minus 24.6%
Peers · Packaging & Containers
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TIMETECHNOTime Technoplast | 170.65 | minus 1.98% | 8,424 | 15.9 | 2.06 | 15.3% | 13.4% | 10.3% | 12.5% | 28.9% | 0.86% | minus 17.5% |
| EPLEPL | 221.31 | minus 3.61% | 7,101 | 18.1 | 2.26 | 16.7% | 14.9% | 19.8% | 8.5% | 19.7% | 2.26% | plus 13.4% |
| AGIAGI Greenpac | 645.55 | minus 3.31% | 4,177 | 11.8 | 1.65 | 18.2% | 14.9% | 22.0% | 5.5% | 10.4% | 1.08% | minus 18.3% |
| UFLEXUFLEX | 575.30 | minus 2.13% | 4,154 | 6.1 | 0.51 | 7.5% | 4.1% | 14.0% | 1.4% | −12.9% | 0.52% | plus 9.1% |
| TCPLPACKTCPL Packaging | 4,431.10 | minus 2.80% | 4,024 | 34.9 | 5.61 | 18.3% | 14.4% | 12.8% | 7.3% | −4.2% | 0.55% | plus 37.9% |
| JINDALPOLYJindal Poly Films | 697.50 | minus 0.11% | 3,054 | – | 1.00 | −18.2% | −29.9% | −36.5% | −15.6% | – | 0.00% | plus 25.0% |
| KNACKKnack Packaging | 199.71 | plus 1.42% | 2,444 | 21.6 | 3.34 | 38.3% | 35.5% | 17.8% | 16.6% | 67.1% | 0.00% | plus 9.1% |
| RISHITECHRishi Techtex | 41.83 | minus 0.26% | 31 | 11.2 | 0.81 | 13.2% | 6.2% | 6.5% | 11.2% | 30.8% | 0.00% | minus 7.4% |
| Median of 7 peers | – | −2.13% | 4,154 | 17.0 | 2.06 | 16.7% | 14.4% | 14.0% | 7.3% | 15.0% | 0.55% | 9.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 30.3 | 39.3 | 34.7 | 42.7 | 47.3 | |
| 28.2 | 36.6 | 32.7 | 39.8 | 44.2 | |
| 2.1 | 2.6 | 2 | 2.9 | 3.2 | |
| 6.9% | 6.7% | 5.8% | 6.7% | 6.7% | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| 0.5 | 0.6 | 0.6 | 0.8 | 0.8 | |
| 0.7 | 0.8 | 0.8 | 1 | 1.1 | |
| 0.9 | 1.4 | 0.7 | 1.1 | 1.4 | |
| 29.4% | 34.5% | 31.3% | 56.3% | 36.1% | |
| 0.7 | 0.9 | 0.5 | 0.5 | 0.9 | |
| 0.89 | 1.23 | 0.63 | 0.64 | 1.22 |
Profit & loss
- Sales CAGR 3Y
- +11.2%
- Profit CAGR 3Y
- +30.8%
- EPS CAGR 3Y
- +30.8%
- ROE
- 6.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 107 | 111 | 126 | 146 | |
| – | +4.5% | +12.7% | +16.6% | |
| 101 | 104 | 117 | 137 | |
| 6 | 7.4 | 8.6 | 9.6 | |
| 5.6% | 6.6% | 6.9% | 6.6% | |
| 0.2 | 0.1 | 0.1 | 0.1 | |
| 2.5 | 2.5 | 2.4 | 2.3 | |
| 2.4 | 2.7 | 2.9 | 3.3 | |
| 0 | −0 | −0 | −0 | |
| 1.3 | 2.3 | 3.4 | 4.1 | |
| 11.1% | 40.5% | 31.9% | 38.6% | |
| 1.1 | 1.3 | 2.3 | 2.5 | |
| – | +21.2% | +70.5% | +8.4% | |
| 1.51 | 1.82 | 3.11 | 3.38 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.4 | 7.4 | 7.4 | 7.4 | |
| 23.1 | 24.5 | 26.8 | 29.2 | |
| 25.7 | 25.1 | 24 | 32 | |
| 16.4 | 15.3 | 16.9 | 24.4 | |
| 72.6 | 72.2 | 75 | 93.1 | |
| 25.2 | 23.4 | 22.1 | 30.4 | |
| 0.2 | 0.2 | 0.2 | 0.2 | |
| 1.3 | 1.4 | 1.3 | 1.2 | |
| 45.9 | 47.3 | 51.5 | 61.3 | |
| 72.6 | 72.2 | 75 | 93.1 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8 | 6 | 5.2 | 6.6 | |
| −3.6 | −0.6 | −1.3 | −6.6 | |
| −4.4 | −5.4 | −3.9 | −0 | |
| 0 | −0 | 0 | −0.1 | |
| −3.6 | −0.9 | −1.7 | −7 | |
| 4.4 | 5.1 | 3.5 | −0.4 |
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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