Company Overview

Texmo Pipes & Products Limited has a rich history that began in 1988 when Shree Balaji Industries was established in Burhanpur, Madhya Pradesh. The company was incorporated on July 3, 2008, through the conversion of Shree Mohit Industries, marking its transformation into a public limited company. The company operates in the Materials sector under the Plastic Products sub-sector and has established itself as a significant player in India's water management solutions industry.

Texmo Pipes & Products Ltd is a pioneering force in the world of water management, offering a diverse range of high-quality pipes and products, driven by innovation and dedicated to shaping a sustainable and efficient future. The company is headquartered in Burhanpur, Madhya Pradesh, with its registered office at Post Box No.35, 98, Bahadarpur Road, Burhanpur - 450 331 (M.P.).

Business Operations and Product Portfolio

Texmo Pipes and Products Limited is primarily engaged in the business of plastic products, manufacturing and trading polyvinyl chloride (PVC), high density polyethylene (HDPE), soil, waste and rainwater (SWR), sprinkler, drip and various other pipe systems. The company has built a comprehensive product ecosystem that caters to diverse water management needs across multiple sectors.

The company's extensive product profile includes water tanks, CPVC pipes and fittings, SWR pipes & fittings, plumbing pipes and fittings, submersible column pipe, rigid PVC pipes & agricultural fittings, casing pipes for tube well, HDPE coils, PLB HDPE duct, HDPE sprinkler pipes & fittings, drip irrigation system, suction hose, garden pipes, conduit pipes, and solvent cement. PVC pipes serve as the revenue driver amongst the other products of the company, demonstrating its core competency in this segment.

Leveraging on advanced designing and moulding facilities, the company has been successful in meeting the demands of Agricultural, Petrochemical, Paper, Dye, Paint, Cement and Other Chemical Industries. The production capacity of their range of pipe, fitting and drip irrigation system is increasing per day thus meeting the bulk requirement of clients.

Market Presence and Manufacturing Capabilities

The company has established its marketing presence in states of Madhya Pradesh, Chhattisgarh, Maharashtra, Uttar Pradesh, Gujarat, Andhra Pradesh and Rajasthan, and maintains an extensive dealer network. The group caters its products to government, and private sectors within India and abroad, showcasing its diverse customer base and export capabilities.

During 2006-07, the company increased the installed capacity of PVC pipes to 6,797.20 MTPA and during 2007-08, increased installed capacity of HDPE pipes to 7,217 MTPA. After consolidation through Business Transfer Agreement in August 2008, the installed capacity increased to 12,211 MTPA for PVC pipes and 8,095 MTPA for HDPE pipes. The company further expanded its operations by commissioning Unit II in September 2008 and started manufacturing plumbing, agricultural & SWR moulded fittings under the brand name "TEXMO" during 2010-11.

Financial Performance

The market cap of Texmo Pipes and Products Ltd (TEXMOPIPES) is ₹189.21 Cr as of June 2, 2025. The company has shown mixed financial performance in recent periods, with notable variations in revenue and profitability metrics.

For the financial year ended March 2025, key financial highlights include:

- Sales declined 26.77% to Rs 391.20 crore in the year ended March 2025 as against Rs 534.22 crore during the previous year ended March 2024.

- Net profit rose 313.36% to Rs 19.18 crore in the year ended March 2025 as against Rs 4.64 crore during the previous year ended March 2024.

- Net profit reported Rs 5.94 crore in Q4 FY25 as against net loss of Rs 6.73 crore during Q4 FY24.

For Q3 FY25, net profit rose 102.02% to Rs 5.01 crore compared to Rs 2.48 crore during the same quarter in the previous year, though sales declined 10.31% to Rs 109.84 crore.

Key Financial Ratios and Market Metrics

The company's valuation metrics as of recent data show:

- P/E Ratio: 9.87

- P/B Ratio: 0.96

- 52-Week High: ₹86.45

- 52-Week Low: ₹44.50

- Promoter Holding: 44.24% (as of December 2024)

The company has delivered a sales growth of 3.74% over the past five years, though it has shown a low return on equity of -5.80% over the last 3 years. Operational efficiency metrics indicate that debtor days have increased from 50.6 to 74.6 days.

Corporate Structure and Subsidiaries

The company has established several wholly-owned subsidiaries including Tapti Pipes and Products Limited FZE at Sharjah (incorporated March 13, 2011), Texmo Petrochemicals Private Limited (incorporated November 2011), and Shree Venkatesh Polymers Pvt Ltd (incorporated April 30, 2023), demonstrating its strategic expansion and diversification efforts.

According to industry reports, Texmo Pipes and Products Limited has 423 total employees across all locations and generates approximately $58.21 million in sales, reflecting its operational scale and workforce strength.

The company maintains its commitment to quality and sustainability while continuing to innovate in water management solutions, positioning itself as a trusted partner for diverse industrial applications across India and international markets.