---
title: "Piotex Industries Ltd (544178) — Share Price, Financials & Analysis"
symbol: "544178"
company: "Piotex Industries Ltd"
canonical: "https://tapetide.com/stocks/544178"
isin: "INE0R4W01015"
nse_symbol: "PIOTEXINDUSTRIESLTD"
bse_code: "544178"
sector: "Textiles"
industry: "Cotton/Blended"
market_cap_cr: 14.8
generated_at: "2026-09-13T19:46:58.513Z"
---

# Piotex Industries Ltd (544178)

Canonical page: https://tapetide.com/stocks/544178

## Company

- **NSE Symbol:** PIOTEXINDUSTRIESLTD
- **BSE Code:** 544178
- **ISIN:** INE0R4W01015
- **Sector:** Textiles
- **Industry:** Cotton/Blended
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2024-05-17
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** piotexindustries.com

## About

Incorporated in 2019, Piotex Industries Ltd is in the trading and agency businessfor machines & accessories for Spinning, Weaving.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:30:47.674457Z.

- **Market Cap:** ₹14.8 Cr
- **Classification:** SME
- **P/E (reported):** 22.5
- **Book Value:** ₹51.27
- **Price to Book:** 0.57
- **Dividend Yield:** 0%
- **ROE:** 2.51%
- **ROCE:** 4.32%
- **Debt to Equity:** 0

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.57 times its book value
- Debtor days have improved from 60.6 to 32.6 days.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 10.6% over past five years.
- Contingent liabilities of Rs.7.58 Cr.
- Earnings include an other income of Rs.0.68 Cr.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -80% | -39% | 2% |
| revenue growth | -33% | 2% | 11% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 65.75 | 68.61 | 66.69 | 23.51 |
| Expenses | 63.62 | 66.1 | 66.51 | 23.2 |
| Operating Profit | 2.13 | 2.51 | 0.18 | 0.31 |
| OPM % | 3.24 | 3.66 | 0.27 | 1.32 |
| Other Income | 0.25 | 0.1 | 0.11 | 0.58 |
| Interest | 0.19 | 0.29 | 0.17 | 0.09 |
| Depreciation | 0.01 | 0.01 | 0.02 | 0.02 |
| Profit before tax | 2.18 | 2.31 | 0.1 | 0.78 |
| Tax % | 25.23 | 25.11 | 30 | 26.92 |
| Net Profit | 1.63 | 1.73 | 0.08 | 0.58 |
| EPS in Rs | 3.19 | 3.39 | 0.16 | 1.14 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 54.39 | 80.22 | 86.01 | 118.46 | 134.36 | 90.21 |
| Expenses | 53.46 | 79.02 | 81.86 | 114.65 | 129.71 | 89.71 |
| Operating Profit | 0.93 | 1.2 | 4.15 | 3.81 | 4.65 | 0.5 |
| OPM % | 1.71 | 1.5 | 4.83 | 3.22 | 3.46 | 0.55 |
| Other Income | 0.05 | 0.24 | 0.67 | 0.48 | 0.34 | 0.68 |
| Interest | 0.16 | 0.44 | 0.9 | 0.25 | 0.48 | 0.26 |
| Depreciation | 0 | 0 | 0 | 0.02 | 0.02 | 0.04 |
| Profit before tax | 0.82 | 1 | 3.92 | 4.02 | 4.49 | 0.88 |
| Tax % | 26.83 | 26 | 26.28 | 25.12 | 25.17 | 26.14 |
| Net Profit | 0.6 | 0.74 | 2.89 | 3.01 | 3.36 | 0.66 |
| EPS in Rs | 40 | 49.33 | 192.67 | 8.45 | 6.58 | 1.29 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.15 | 0.15 | 0.15 | 3.56 | 5.1 | 5.1 |
| Reserves | 0.62 | 1.36 | 4.25 | 5.82 | 20.41 | 21.06 |
| Borrowings | 2.21 | 5.28 | 3.72 | 4.46 | 2.2 | 0.07 |
| Other Liabilities | 1.84 | 7.07 | 9.45 | 22.27 | 4.36 | 3.61 |
| Total Liabilities | 4.82 | 13.86 | 17.57 | 36.11 | 32.07 | 29.84 |
| Fixed Assets | 0 | 0 | 0.12 | 0.1 | 0.1 | 2.95 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1.06 | 0.08 | 2.83 | -2.39 | -7.11 | 9.88 |
| Cash from Investing Activity | 0 | 0 | -0.13 | -0.47 | -2.78 | -6.47 |
| Cash from Financing Activity | 1.73 | -0.88 | -2.46 | 2.47 | 10.02 | -2.39 |
| Net Cash Flow | 0.68 | -0.8 | 0.24 | -0.39 | 0.13 | 1.02 |
| Free Cash Flow | -1.06 | 0.08 | 2.7 | -2.39 | -7.13 | 6.99 |
| CFO/OP | -90 | 28 | 93 | -38 | -131 | 2020 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 20.6 | 8.1 | 38.79 | 98.85 | 50.47 | 32.61 |
| Inventory Days | 3.27 | 40.27 | 0.36 | 0.64 | 1.91 | 3.14 |
| Days Payable | 10.73 | 26.44 | 41.61 | 63.23 | 9.22 | 9.09 |
| Cash Conversion Cycle | 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 | 47.1 |
| ROCE % | — | 29.48 | 64.65 | 38.89 | 23.92 | 4.23 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 94.44% | 65.95% | 65.95% | 65.95% | 65.95% | 65.95% |
| FIIs | 0% | 0% | 0.96% | 1.41% | 1.41% | 2.12% |
| DIIs | 0% | 2% | 4.42% | 4.11% | 4.37% | 5.64% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 5.56% | 27.07% | 23.21% | 23.12% | 24.01% | 22.48% |
| Others | 0% | 4.98% | 5.46% | 5.41% | 4.26% | 3.81% |
| No. of Shareholders | 7 | 1069 | 553 | 543 | 461 | 387 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 36.79 | Sell |
| EMA (10) | 36.04 | Sell |
| SMA (20) | 37.99 | Sell |
| EMA (20) | 38.4 | Sell |
| SMA (50) | 46.73 | Sell |
| EMA (50) | 44.98 | Sell |
| SMA (100) | 55.5 | Sell |
| EMA (100) | 50.26 | Sell |
| SMA (200) | 51.71 | Sell |
| EMA (200) | 55.03 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 31.85 | Neutral |
| MACD (12,26,9) | -3.35 | Sell |
| Stochastic (14,3,3) | 53.03 | Neutral |
| ADX (14) | 28.7 | Buy |
| Williams %R (14) | -54.04 | Neutral |
| ATR (14) | 2.15 | High Volatility |
| ROC (12) | -16.88 | Sell |
| Stoch RSI (14) | 18.91 | Buy |
| UO (7,14,28) | 49.83 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=966b430a-2a23-4547-ae4c-2d2dc43a593e.pdf) |
| 2026-08-26 | [Board Meeting Outcome for Outcome Of BM For 7Th AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=01443481-901c-4733-8d10-217cc8a3e9b4.pdf) |
| 2026-08-26 | [Shareholder Meeting - 23.09.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=62d0b151-75d1-4111-8940-6f0a36c122da.pdf) |
| 2026-08-26 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7779d184-9e25-4eb8-bc57-103d613d1a46.pdf) |
| 2026-07-13 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3cc72cdd-484d-4bf8-ac05-8504c1deeecb.pdf) |
| 2026-05-20 | [Board Meeting Outcome for Result For 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7b6313b1-a5d3-4b4a-8997-887ffef66df1.pdf) |
| 2026-05-15 | [Board Meeting Intimation for Intimation Of BM For Approval Of Result For 31.03.26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6924fa32-4e80-438d-b1e4-979be34dc8f3.pdf) |
| 2026-04-15 | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bb7660e4-5873-42db-9a54-4a5fe04e98f6.pdf) |
| 2026-04-10 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4f79de6b-0afc-45f0-a734-18676e62a1f2.pdf) |
| 2026-03-31 | [Reply To Clarification](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c791e4bd-e852-485a-a3d1-ae515d8dd888.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-20 | [Result For 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cacac3f0-1570-45d5-b53c-32813ce983c7.pdf) |
| 2025-11-11 | [Result- September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=60b48273-0ca0-4cb4-b708-25dabd1e23dd.pdf) |
| 2025-05-30 | [Result- Financial Result 31.03.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=36c0b038-4c48-456f-9110-3596274c0f15.pdf) |
| 2024-11-12 | [Result- Sep-2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c0d9b8a-595e-45a6-bde4-70b643f07e6a.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 4 February 2026 - Revised unaudited H1 ended Sep 30, 2025 results; total revenue Rs 5,426.75 lakh; comparatives added. | [Reply to Clarification- Financial results 4 February 2026 - Revised unaudited H1 ended Sep 30, 2025 results; total revenue Rs 5,426.75 lakh; comparatives added.](https://nsearchives.nseindia.com/corporate/RULKA_16012026185236_LT-04_Revised_Results_September_2025.pdf) |
| 31 Mar - Reply to BSE (31-Mar-2026): no undisclosed price-sensitive information; price movement market-driven. | [Reply To Clarification 31 Mar - Reply to BSE (31-Mar-2026): no undisclosed price-sensitive information; price movement market-driven.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c791e4bd-e852-485a-a3d1-ae515d8dd888.pdf) |
| 27 January 2026 - Confirmed new electrical and fire‑fighting orders across warehouses totaling ₹8,30,11,878.38; execution 1–5 months. | [Updates 27 January 2026 - Confirmed new electrical and fire‑fighting orders across warehouses totaling ₹8,30,11,878.38; execution 1–5 months.](https://nsearchives.nseindia.com/corporate/RULKA_27012026191427_48-order.pdf) |
| 18 Dec 2025 - Piotex clarifies Income Tax Demand Order dated 02-Dec-2025 received 17-Dec-2025; disclosed to BSE same day. | [Update On Announcement Dated 17.12.2025 18 Dec 2025 - Piotex clarifies Income Tax Demand Order dated 02-Dec-2025 received 17-Dec-2025; disclosed to BSE same day.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cbef8774-6809-46ec-ac54-38e7c634e1c2.pdf) |
| 17 Dec 2025 - IT demand Rs5,06,11,800 received Dec 2, 2025; additions Rs16.23 crore and Rs34.86 lakh. | [Announcement Regu 30: Receipt Of Demand Notice From IT Department 17 Dec 2025 - IT demand Rs5,06,11,800 received Dec 2, 2025; additions Rs16.23 crore and Rs34.86 lakh.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df46e6d6-346e-47d7-9cd2-d0f9e75d1b18.pdf) |
| 15 Apr - Piotex Industries confirms it is not a Large Corporate; outstanding borrowing was 0.05 crore as of 31 March 2026. | [Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 15 Apr - Piotex Industries confirms it is not a Large Corporate; outstanding borrowing was 0.05 crore as of 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bb7660e4-5873-42db-9a54-4a5fe04e98f6.pdf) |
| 14 February 2026 - Board on Feb 14, 2026 appointed M/s Doshi Doshi & Co. as statutory auditor; approval sought at EGM. | [Change in Auditors 14 February 2026 - Board on Feb 14, 2026 appointed M/s Doshi Doshi & Co. as statutory auditor; approval sought at EGM.](https://nsearchives.nseindia.com/corporate/RULKA_14022026132318_LT-08_NSE_Letter_-_Casual_Vacancy_Auditor.pdf) |
| 11 Nov 2025 - Un-audited H1 FY2025-26 results: revenue Rs 6,669.42 lakh; PBT Rs 10.45 lakh; internal auditor appointed. | [Board Meeting Outcome for Outcome Of Board Meeting 11 Nov 2025 - Un-audited H1 FY2025-26 results: revenue Rs 6,669.42 lakh; PBT Rs 10.45 lakh; internal auditor appointed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c8fd2ad4-38f0-488d-990a-769b5f4df5c0.pdf) |
| 10 March 2026 - Confirmed new electrical/refurbishment orders totaling ₹7,14,20,485; execution over 2–6 months. | [Updates 10 March 2026 - Confirmed new electrical/refurbishment orders totaling ₹7,14,20,485; execution over 2–6 months.](https://nsearchives.nseindia.com/corporate/RULKA_10032026141801_Order__5_.pdf) |
| 10 Jan - Pls find announcement in PDF file. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Jan - Pls find announcement in PDF file.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/70d05ab0-872f-46ba-a36b-e7c6fcdaba55.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/RULKA_24052025164006_LT-16_Investors_Presentation_Result_May_2025.pdf) |
| Dec 2025 | [Concall - Dec 2025](https://nsearchives.nseindia.com/corporate/RULKA_18122025150444_LT-38_Investors_Meet_Dec_2025_Transcript.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28932_RULKA_2024_2025_A_9087559_08092025182427.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26316_RULKA_2023_2024_08102024155756.pdf) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c6d7b05-e6b5-4917-a371-192bb49687d5.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:46:58.513Z.