Texmaco Infrastructure & Holdings Limited was incorporated in 1939 and is based in Delhi, India. The company was formerly known as Texmaco Limited and changed its name to Texmaco Infrastructure & Holdings Limited in February 2012. Texmaco Infrastructure & Holdings Limited (formerly known as Texmaco Limited) is a KK Birla Group Company and is part of the USD 4bn Advenz Group, which includes companies like Zuari Agro Chemicals Ltd, Pradeep Phosphates, Mangalore Chemicals & Fertilisers, and Texmaco Rail & Engineering Ltd.
The Company has strategically demerged its Heavy Engineering and Steel Foundry businesses, which constituted the major part of its operations, into a separate Company called Texmaco Rail & Engineering Limited. Following this restructuring, Texmaco Infrastructure & Holdings has transformed into a focused company operating in specific business segments, primarily real estate, hydro power generation, and job work services.
Texmaco Infrastructure & Holdings Limited operates through three primary business segments that contribute to its revenue streams in India:
The company possesses investment properties at Gurugram & Delhi, which are rented for official use. Currently, the company derives the majority of its income from leased properties, dividends, and interest income from investments. Rental Income contributed 45.06% of revenue in FY 2020-21. It is noted that the company's property at Gurgaon yielded lower returns in comparison to the previous year, as it was not fully leased out for part of the year.
Texmaco Infrastructure & Holdings operates a mini hydel power project located in Neora, West Bengal. This 3 MW Mini Hydel Power Project produced 81.97 Lakh Units in FY21, an increase from 73.76 Lakh Units in FY20. Mini Hydro operations contributed 19.81% of revenue in FY 2020-21.
This segment provides various industrial and engineering services to external clients and contributed 35.12% of revenue in FY 2020-21.
As of 25th April 2025, the market capitalization of Texmaco Infrastructure & Holdings Ltd (TEXINFRA) stands at ₹1,357.86 Crore. However, the company's market capitalization was down by -24.9% over the past year.
The 52-week high for Texmaco Infrastructure & Holdings Ltd (TEXINFRA) is ₹159.50, and the 52-week low is ₹85.35. The company is listed and trades on the NSE stock exchange under the ticker symbol TEXM.
• Market Capitalization: ₹1,357.86 Crore (as of 25th April 2025)
• P/E (price-to-earnings) ratio: 253.33
• P/B (price-to-book) ratio: 0.92
• Current Dividend Yield: 0.14%
• Promoter Holding: 65.80% (as of Mar 2025)
In the quarter ended September 2024, Texmaco Infrastructure & Holdings reported a net profit increase of 27.67% to ₹2.63 crore, compared to ₹2.06 crore in the previous quarter ended September 2023. Conversely, sales declined by 8.43% to ₹4.78 crore in the quarter ended September 2024, down from ₹5.22 crore in the same period last year.
The company has shown mixed performance in recent quarters. Net profit has been down for the last two quarters, moving from ₹2.63 Cr to ₹-11.33 Cr (in ₹) in December 2024 (Q4 24), indicating an average decrease of 530.8% per quarter. Revenue for Q4 FY24 (December 2024) was ₹3.98 Cr with a Net Loss of ₹-11.55 Cr.
The company has delivered poor sales growth, with a negative growth rate of -3.31% over the past five years. It also has a low return on equity (ROE) of 0.05% over the last three years. Over the last 5 years, revenue has grown at a yearly rate of -2.79%, significantly underperforming the industry average of 3.81%.
Promoter holding in Texmaco Infrastructure & Holdings Ltd has increased to 65.80% as of March 2025, up from 65.17% as of June 2024. This trend suggests stable promoter confidence in the company's long-term prospects.
The company is led by Chairperson S K Poddar. Within the main management team, Akshay Poddar serves as Chairman, and Neha Singh is the Company Secretary for Texmaco Infrastructure & Holdings Ltd.
The company's subsidiaries include Valley View Landholdings Private Limited, Macfarlane & Company Limited, and High Quality Steels Limited. Recently, the company acquired the share capital of Valley View Landholdings Private Limited.
Texmaco Infrastructure & Holdings Ltd represents a diversified investment opportunity with exposure to the real estate and renewable energy sectors. While the company faces challenges with declining revenues and profitability pressures in some segments, its strategic focus on income-generating assets and stable promoter holding provides a foundation for potential recovery. Investors should carefully consider the company's historical performance trends and current financial metrics when evaluating investment decisions.
