Price
Financials
Standalone, Rs crore| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Revenue from operations | 65.75 | 68.61 | 66.69 | 23.51 |
| Operating costs | 63.62 | 66.10 | 66.51 | 23.20 |
| EBITDA | 2.13 | 2.51 | 0.18 | 0.31 |
| EBITDA margin % | 3.24% | 3.66% | 0.27% | 1.32% |
| Depreciation & amortisation | 0.01 | 0.01 | 0.02 | 0.02 |
| Finance costs | 0.19 | 0.29 | 0.17 | 0.09 |
| Non-operating income | 0.25 | 0.10 | 0.11 | 0.58 |
| Pre-tax profit | 2.18 | 2.31 | 0.10 | 0.78 |
| Effective tax rate % | 25.23% | 25.11% | 30.00% | 26.92% |
| Profit after tax | 1.63 | 1.73 | 0.08 | 0.58 |
| Earnings per share (Rs) | 3.19 | 3.39 | 0.16 | 1.14 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Revenue from operations | 54.39 | 80.22 | 86.01 | 118.46 | 134.36 | 90.21 |
| Operating costs | 53.46 | 79.02 | 81.86 | 114.65 | 129.71 | 89.71 |
| EBITDA | 0.93 | 1.20 | 4.15 | 3.81 | 4.65 | 0.50 |
| EBITDA margin % | 1.71% | 1.50% | 4.83% | 3.22% | 3.46% | 0.55% |
| Depreciation & amortisation | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.04 |
| Finance costs | 0.16 | 0.44 | 0.90 | 0.25 | 0.48 | 0.26 |
| Non-operating income | 0.05 | 0.24 | 0.67 | 0.48 | 0.34 | 0.68 |
| Pre-tax profit | 0.82 | 1.00 | 3.92 | 4.02 | 4.49 | 0.88 |
| Effective tax rate % | 26.83% | 26.00% | 26.28% | 25.12% | 25.17% | 26.14% |
| Profit after tax | 0.60 | 0.74 | 2.89 | 3.01 | 3.36 | 0.66 |
| Earnings per share (Rs) | 40.00 | 49.33 | 192.67 | 8.45 | 6.58 | 1.29 |
| Paid out as dividend % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Revenue CAGR | % | 11% | 2% | -33% | ||
| Profit CAGR | % | 2% | -39% | -80% | ||
| Share price CAGR | % | % | % | -60% | ||
| Average return on equity | % | 20% | 14% | 3% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Net block (property, plant) | 0.00 | 0.00 | 0.12 | 0.10 | 0.10 | 2.95 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current & other assets | 4.82 | 13.86 | 17.45 | 36.01 | 31.97 | 26.89 |
| Total assets | 4.82 | 13.86 | 17.57 | 36.11 | 32.07 | 29.84 |
| Share capital | 0.15 | 0.15 | 0.15 | 3.56 | 5.10 | 5.10 |
| Reserves & surplus | 0.62 | 1.36 | 4.25 | 5.82 | 20.41 | 21.06 |
| Total debt | 2.21 | 5.28 | 3.72 | 4.46 | 2.20 | 0.07 |
| Other liabilities & provisions | 1.84 | 7.07 | 9.45 | 22.27 | 4.36 | 3.61 |
| Equity + liabilities | 4.82 | 13.86 | 17.57 | 36.11 | 32.07 | 29.84 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Operating cash flow | -1.06 | 0.08 | 2.83 | -2.39 | -7.11 | 9.88 |
| Investing cash flow | 0.00 | 0.00 | -0.13 | -0.47 | -2.78 | -6.47 |
| Free cash flow (after capex) | -1.06 | 0.08 | 2.70 | -2.39 | -7.13 | 6.99 |
| Financing cash flow | 1.73 | -0.88 | -2.46 | 2.47 | 10.02 | -2.39 |
| Net change in cash | 0.68 | -0.80 | 0.24 | -0.39 | 0.13 | 1.02 |
| Cash conversion (OCF / EBITDA) % | -90% | 28% | 93% | -38% | -131% | 2,020% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Return on capital employed % | 29.48% | 64.65% | 38.89% | 23.92% | 4.23% | |
| Receivable days | 20.60 | 8.10 | 38.79 | 98.85 | 50.47 | 32.61 |
| Inventory days | 3.27 | 40.27 | 0.36 | 0.64 | 1.91 | 3.14 |
| Payable days | 10.73 | 26.44 | 41.61 | 63.23 | 9.22 | 9.09 |
| Cash cycle (days) | 13.15 | 21.93 | -2.47 | 36.25 | 43.17 | 26.66 |
| Working capital days | 9.93 | 11.51 | 32.04 | 36.33 | 51.89 | 47.10 |
| May 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Promoter group % | 65.95% | 65.95% | 65.95% | 65.95% | 65.95% |
| Foreign investors % | 0.00% | 0.96% | 1.41% | 1.41% | 2.12% |
| Domestic institutions % | 2.00% | 4.42% | 4.11% | 4.37% | 5.64% |
| Retail & others % | 32.06% | 28.67% | 28.53% | 28.27% | 26.30% |
| Shareholder count | 1,069 | 553 | 543 | 461 | 387 |
Fundamentals
Market value₹ 14.0 Cr.
Last price₹ 27.5
P/E (trailing)21.3
Book value / share₹ 51.3
Return on capital4.23 %
Return on equity2.55 %
Dividend yield0.00 %
Face value₹ 10.0
Revenue CAGR (TTM)-33%
Profit CAGR (TTM)-80%
Standalone figures.
Valuation
Market capRs 14 Cr
Enterprise valueRs 19 Cr
P/E (TTM)18.96x
Price to book9.29x
Price to sales0.17x
EV / EBITDA13.26x
EV / EBIT13.26x
EV / sales0.24x
Price to cash flow175.38x
Earnings yield5.27%
Profitability
Operating margin (excl. other income)1.50%
Operating margin (incl. other income)1.80%
EBITDA margin1.80%
Pre-tax margin1.25%
Net profit margin0.92%
ROE64.91%
ROCE29.48%
ROA7.92%
ROIC (approx.)16.19%
Tax rate26.00%
Other income / net worth15.89%
Growth
Sales growth (latest year)47.49%
Profit growth (latest year)23.33%
Per share
EPS (TTM)Rs 1.45
EPS (latest year)Rs 49.33
Book value per shareRs 2.96
Sales per shareRs 157.24
Cash flow per shareRs 0.16
Efficiency
Asset turnover5.79x
Inventory turnover9.07x
Inventory days40 days
Debtor days8 days
Debtors turnover45.07x
Leverage
Total debtRs 5 Cr
Cash and bankRs 0 Cr
Net debtRs 5 Cr
Debt to equity3.50x
Net debt / EBITDA3.52x
Interest coverage3.27x
Owners' fund to total sources10.89%
Debt to assets38.10%
Cash flow
Operating cash flow (latest year)Rs 0 Cr
Financing cash flow (latest year)Rs -1 Cr
Net change in cash (latest year)Rs -1 Cr
Sales to cash flow1002.75x
Statement figures
Net sales (TTM)Rs 80 Cr
Net sales (latest year)Rs 80 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 78 Cr
Total expenditure (latest year)Rs 79 Cr
Total income (latest year)Rs 80 Cr
Share capitalRs 0 Cr
ReservesRs 1 Cr
Shareholders' fundsRs 2 Cr
Total assetsRs 14 Cr
ReceivablesRs 2 Cr
InventoryRs 9 Cr
Other liabilitiesRs 7 Cr
Shares outstanding (crore)0.51
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 544178 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.3% | -2.8% | -5.6 pts |
| 1 month | -11.3% | -6.8% | -4.5 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was -73% of net profit over the last 2 years |
| look | Inventory outrunning sales Inventory grew 1721% vs sales +47% in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
No quarterly results published.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Piotex Industries Ltd?
Piotex Industries Ltd (544178) has a market capitalisation of Rs 14.0 Cr. at the 2026-09-25 close.
What is the P/E ratio of Piotex Industries Ltd?
Piotex Industries Ltd trades at a P/E of 21.3 on trailing twelve-month profit, at the 2026-09-25 close.