On 6 Nov 2026, Texmo Pipes and Products was priced at ₹50.13, or 9.8× trailing earnings, against an industry P/E of 24.8×, and the shares are 22% below their 52-week high. Its ROCE of 8.9% is the lowest among the 7 largest Building Products & Equipment peers, and sales fell 16% a year over 3 years. Debt is 0.24× equity. It is a small-cap company with a market cap of ₹154 Cr, ranked 39th of 64 Building Products & Equipment companies by market cap; the shares fell 9.1% over the past year.
- ₹49.00
- ₹51.79
- ₹48.00
- ₹48.92
- 93.9K
Health check
- ReturnsIn line
−9.1% over a year, better than 3 of 7 peers.
- Price tagCheaper
P/E 9.8 vs industry 24.8.
- GrowthShrinking
Sales −16.2% a year over 3 years.
- ProfitabilityWeak
ROCE 8.9% vs peer median 20.7%.
- Balance sheetFair
Debt 0.24× equity, interest covered 5.4×, Piotroski 5 of 9.
- Red flags1 to check
Return on equity is low at 6.3%.
Small cap
Defensive
Key metrics
- Market cap
- ₹154 Cr
- Small cap
- P/E
- 9.8
- Industry 24.8
- Price to book
- 0.55
- Peers 7.95
- Dividend yield
- 0.00%
- ROE
- 6.3%
- Peers 18.7%
- ROCE
- 8.9%
- Peers 20.7%
- Debt to equity
- 0.24
- Debt ₹55 Cr
- EPS (TTM)
- ₹5.11
- Face value ₹10
- OPM (TTM)
- 9.1%
- Net margin 3.9%
- Sales growth
- +11.6%
- Latest quarter vs a year ago
- Profit growth
- +20.7%
- Latest quarter vs a year ago
- Price to sales
- 0.40
- EV/EBITDA 5.6
Strengths and risks
Strengths
- Quarterly profit up 20.7% on a year ago.
- P/E of 9.8 against an industry P/E of 24.8.
- Positive operating cash flow in each of the last 4 years.
- Promoter stake up from 44.2% to 47.0%.
Risks to check
- Return on equity is low at 6.3%.
About Texmo Pipes and Products
Texmo Pipes and Products Limited manufactures and trades in plastic pipes and fittings in India. The company provides CPVC, UPVC, and SWR pipes and fittings; garden hose pipes; CM, CS, RS and blue casing pipe; HDPE pipes and coils; colum pipes; DRIP rolls; sprinkler pipes and accessories; and PTMT fittings; mini sprinkler rolls and spray pipe, etc. It also offers water tanks; rigid PVC pipes and agriculture fittings; suction hose; casing pipes; sanitary…
- Headquarters
- Burhanpur
- Employees
- 340
- Sector
- Industrials
- ISIN
- INE141K01013
- Website
- texmopipe.com
Price range
- Avg volume (3M)
- 1.9 L
- 1-year return
- minus 9.1%
- From 52-week high
- minus 22.3%
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% |
| TEXMOPIPESTexmo Pipes and Products | 50.13 | plus 2.47% | 154 | 9.8 | 5.4 | 8.9% | 7.4% | 0.24 | −16.2% | minus 9.1% |
| 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 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 105 | 63.1 | 110 | 97.4 | 117 | |
| 96.9 | 56.9 | 99.9 | 89.8 | 106 | |
| 8.3 | 6.2 | 10.1 | 7.6 | 11.2 | |
| 7.9% | 9.8% | 9.2% | 7.8% | 9.6% | |
| 0.8 | 0.8 | 0.3 | 1.5 | 1.2 | |
| 1.1 | 1.3 | 1.1 | 1.6 | 1.6 | |
| 2.6 | 2.6 | 2.7 | 2.8 | 2.5 | |
| 5.4 | 3 | 6.5 | 4.7 | 8.3 | |
| 3.8% | 29.5% | 27.0% | 61.3% | 22.4% | |
| 5.1 | 2.3 | 5 | 1.6 | 6.2 | |
| 1.75 | 0.73 | 1.64 | 0.62 | 2.12 |
Profit & loss
- Sales CAGR 3Y
- −16.2%
- ROE
- 6.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 638 | 534 | 391 | 376 | |
| – | minus 16.3% | minus 26.8% | minus 4.0% | |
| 611 | 509 | 354 | 338 | |
| 27.5 | 24.8 | 37.1 | 37.2 | |
| 4.3% | 4.6% | 9.5% | 9.9% | |
| −2.6 | 12.5 | −0.6 | 2.5 | |
| 9.8 | 4 | 3.5 | 4.5 | |
| 10.8 | 10.6 | 13.8 | 10.8 | |
| −71.1 | −12.5 | −1.9 | −4.8 | |
| −66.9 | 10.1 | 17.3 | 19.6 | |
| −7.2% | 54.8% | −3.7% | 29.2% | |
| −71.8 | 4.6 | 19.2 | 14.1 | |
| – | – | +313.8% | minus 26.7% | |
| -24.58 | 1.59 | 6.57 | 4.81 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 29.2 | 29.2 | 29.2 | 29.2 | |
| 158 | 168 | 187 | 201 | |
| 30.1 | 56.2 | 63.7 | 54.5 | |
| 89.9 | 93.9 | 81.1 | 88.6 | |
| 307 | 347 | 361 | 374 | |
| 139 | 166 | 142 | 139 | |
| 0.2 | – | 0.8 | – | |
| 0 | 0 | 2.6 | 2.8 | |
| 0.6 | 0.9 | 24.5 | 8 | |
| 167 | 180 | 191 | 223 | |
| 307 | 347 | 361 | 374 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.1 | 19.8 | 20.3 | 1 | |
| 20.9 | −36.2 | 2.2 | −2.4 | |
| −20.5 | 16.7 | 1 | −15.1 | |
| 0.5 | 0.3 | 23.6 | −16.5 | |
| −7.2 | −37.3 | −11.6 | −12.7 | |
| −7.1 | −17.5 | 8.7 | −11.7 |
Shareholding pattern
- Promoters47.01%
- Public52.99%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 13 Oct 2026 | 47.01% | 52.99% | plus 2.77 | |
| 30 Sep 2026 | 44.24% | 55.76% | 0.00 | |
| 30 Jun 2026 | 44.24% | 55.76% | 0.00 | |
| 31 Mar 2026 | 44.24% | 55.76% | 0.00 | |
| 31 Dec 2025 | 44.24% | 55.76% | – |
Major shareholders
Filings & events
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