Candour Techtex

Why is Candour Techtex Ltd falling/rising?

As of 27-Aug, Candour Techtex Ltd's stock price is at 63.63, down 1.7% year-to-date with a significant decline of 58.34%. Despite minor short-term gains, the overall trend remains downward due to poor long-term performance and reduced investor interest.

As of 27-Aug, Candour Techtex Ltd's stock price is currently at 63.63, reflecting a decrease of 1.1, or 1.7%. The stock has been underperforming significantly over various time periods, with a notable decline of 58.34% year-to-date compared to a 9.72% drop in the Sensex. Over the past week, the stock has fallen by 10.33%, while the Sensex has only decreased by 0.78%. <BR><BR>Despite a slight performance improvement today, where the stock outperformed its sector by 0.85% and has gained 1.09% over the last two days, it is still trading below all key moving averages (5-day, 20-day, 50-day, 100-day, and 200-day). Additionally, there is a concerning trend of falling investor participation, as evidenced by a delivery volume of only 1.7k on August 26, which represents a significant decline of 77.86% compared to the 5-day average. <BR><BR>These factors indicate that while there may be short-term gains, the overall trend for Candour Techtex Ltd is downward, driven by poor long-term performance and reduced investor interest.

Which are the latest news on Candour Techtex?

Should I buy, sell or hold Candour Techtex Ltd?

Who are in the management team of Candour Techtex?

The management team of Candour Techtex includes Jayesh R Mehta (Chairman & Managing Director), Amita J Mehta (Director), Bharat Bhatia, Rameshchand Garg, and Mansi Harsh Dave (Independent Directors), Sharmila Hiralal Amin (Executive Director), and Kirti Pathak (Company Secretary & Compliance Officer). They are responsible for guiding the company's strategic direction and operations.

The management team of Candour Techtex includes the following individuals:<BR><BR>1. **Jayesh R Mehta** - Chairman & Managing Director<BR>2. **Amita J Mehta** - Director<BR>3. **Bharat Bhatia** - Independent Director<BR>4. **Rameshchand Garg** - Independent Director<BR>5. **Sharmila Hiralal Amin** - Executive Director<BR>6. **Kirti Pathak** - Company Secretary & Compliance Officer<BR>7. **Mansi Harsh Dave** - Independent Director<BR><BR>This team plays a crucial role in guiding the company's strategic direction and operations.

What does Candour Techtex do?

Candour Techtex Ltd is a micro-cap company in the plastic products industry, previously known as Chandni Engineering Limited, with recent net sales of 6 Cr and a net loss of 1 Cr as of June 2026. The company has a market cap of INR 176 Cr and operates with a debt-equity ratio of 0.38.

Overview:<BR>Candour Techtex Ltd operates in the plastic products industry and is classified as a micro-cap company.<BR><BR>History:<BR>The company was initially incorporated as Amita Texturisers Private Limited in 1986, underwent several name changes, and became a public limited company as Chandni Engineering Limited in 1990. The latest reported quarter for sales and profit is June 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 6 Cr (Quarterly Results - Jun 2026) <BR>Most recent Net Profit: -1 Cr (Quarterly Results - Jun 2026) <BR>Market-cap value: INR 176 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 57 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.38 <BR>Return on Equity: -3.45% <BR>Price to Book: 4.09 <BR><BR>Contact Details:<BR>Address: 110 TV Industrial Estate, 52 S K Ahire Marg Worli Mumbai Maharashtra : 400030 <BR>Tel: 91-09324802991 <BR>Email: jrgroup@jrmehta.com <BR>Website: http://www.cteil.com

Who are the peers of the Candour Techtex?

Candour Techtex's peers include Kisan Mouldings, Ecoplast, Tainwala Chem., Caprihans India, B. D. Industries, Captain Pipes, Hind.Adhesive, Bright Brothers, and National Plastic. In terms of management risk, growth, and capital structure, Candour Techtex ranks below average compared to its peers, with a 1-year return of -19.90%.

Peers: The peers of Candour Techtex are Kisan Mouldings, Ecoplast, Tainwala Chem., Caprihans India, B. D. Industries, Captain Pipes, Hind.Adhesive, Bright Brothers, and National Plastic.<BR><BR>Quality Snapshot: Excellent management risk is observed at B. D. Industries and National Plastic, while Average management risk is found at Ecoplast, Hind.Adhesive, and Bright Brothers. Below Average management risk is noted at Kisan Mouldings, Tainwala Chem., Caprihans India, Captain Pipes, and Candour Techtex. In terms of Growth, Good growth is seen at Ecoplast and Bright Brothers, Average growth is found at B. D. Industries and National Plastic, while Below Average growth is noted at Kisan Mouldings, Tainwala Chem., Caprihans India, Candour Techtex, and Captain Pipes. For Capital Structure, Good capital structure is observed at B. D. Industries and Ecoplast, Average capital structure is found at Hind.Adhesive, while Below Average capital structure is noted at Kisan Mouldings, Tainwala Chem., Caprihans India, Candour Techtex, Captain Pipes, and Bright Brothers.<BR><BR>Return Snapshot: The peer with the highest 1-year return is B. D. Industries at 1.34%, while Kisan Mouldings has the lowest at -39.54%. Candour Techtex's 1-year return of -19.90% is better than Kisan Mouldings but worse than B. D. Industries. Additionally, Kisan Mouldings, Captain Pipes, and Bright Brothers all have negative six-month returns.

How big is Candour Techtex?

As of 14th August, Candour Techtex Ltd has a market capitalization of 170.88 Cr, with net sales of 30.54 Cr and a net loss of 1.23 Cr over the latest four quarters. Shareholder's funds are valued at 22.37 Cr, and total assets amount to 27.20 Cr.

As of 14th August, Candour Techtex Ltd has a market capitalization of 170.88 Cr, classifying it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 30.54 Cr. However, it experienced a loss of 1.23 Cr in Net Profit during the same period.<BR><BR>The latest annual reporting period for the balance sheet is March 2017. Shareholder's Funds are valued at 22.37 Cr, while Total Assets amount to 27.20 Cr.

When is the next results date for Candour Techtex Ltd?

The next results date for Candour Techtex Ltd is 13 August 2026.

The next results date for Candour Techtex Ltd is scheduled for 13 August 2026.

Are Candour Techtex Ltd latest results good or bad?

Candour Techtex Ltd's latest results show a mixed picture; while the company reported a net profit of ₹1.17 crores in Q4 FY26, a significant revenue decline of 86.01% year-on-year raises concerns about its long-term viability and operational performance. Despite some margin improvements, reliance on non-operating income and a 45.02% year-to-date stock decline indicate significant challenges ahead.

Candour Techtex Ltd's latest results present a mixed picture, but overall, they indicate significant challenges. In Q4 FY26, the company reported a net profit of ₹1.17 crores, a notable improvement from a loss of ₹0.63 crores in the previous quarter. This profit recovery is encouraging, but it is heavily reliant on other income, which accounted for a substantial portion of the profit before tax.<BR><BR>However, the company's revenue tells a more troubling story. Revenue for Q4 FY26 was ₹7.53 crores, representing a staggering 86.01% decline year-on-year from ₹53.82 crores in Q4 FY25. While there was a sequential increase of 13.40% from the previous quarter, this improvement comes from an exceptionally low base and does not alleviate concerns about the overall operational decline.<BR><BR>The operating margin improved to 15.27%, and the PAT margin reached 15.54%, but these figures are overshadowed by the significant revenue collapse. The reliance on non-operating income raises questions about the sustainability of profitability moving forward.<BR><BR>Additionally, the stock has experienced a significant decline of 45.02% year-to-date, reflecting investor concerns about the company's long-term viability. The overall assessment indicates that while there are some positive signs in terms of profit recovery and margin improvement, the underlying issues related to revenue decline and operational performance present a challenging outlook for Candour Techtex.

How has been the historical performance of Candour Techtex?

Candour Techtex has demonstrated significant growth in net sales, increasing from 10.86 Cr in Mar'19 to 188.10 Cr in Mar'25, with profitability recovering in the latest fiscal year, including a profit after tax of 0.67 Cr and an operating profit margin of 3.33%. Overall, the company has shown a positive trend in both sales and profitability.

Answer:<BR>The historical performance of Candour Techtex shows a fluctuating trend in net sales and profitability over the years.<BR><BR>Breakdown:<BR>Candour Techtex's net sales have increased from 10.86 Cr in Mar'19 to 188.10 Cr in Mar'25, with a notable jump from 59.63 Cr in Mar'23. Total operating income followed a similar trajectory, reaching 188.10 Cr in Mar'25. The company's total expenditure, excluding depreciation, was 181.84 Cr in Mar'25, which is a slight decrease from 182.61 Cr in Mar'24 but significantly higher than 59.42 Cr in Mar'23. Operating profit (PBDIT) has shown improvement, rising to 8.14 Cr in Mar'25 from 4.62 Cr in Mar'24, while profit before tax turned positive at 1.32 Cr in Mar'25 after a loss of 1.48 Cr in Mar'24. Profit after tax also recovered to 0.67 Cr in Mar'25 from a loss of 1.06 Cr in Mar'24. The earnings per share (EPS) reflect this recovery, increasing to 0.37 in Mar'25 from -0.63 in Mar'24. The company's operating profit margin improved to 3.33% in Mar'25, while the profit after tax margin reached 0.36%. Overall, Candour Techtex has shown significant growth in sales and profitability, particularly in the latest fiscal year.

Is Candour Techtex overvalued or undervalued?

As of November 17, 2025, Candour Techtex is considered risky and overvalued with troubling financial ratios, including a PE ratio of -107.51 and an EV to EBITDA of 132.66, especially when compared to peers like Bajaj Steel Industries, which has a PE ratio of 19.61, indicating that its strong year-to-date return may not be sustainable.

As of 17 November 2025, the valuation grade for Candour Techtex has moved from very expensive to risky, indicating a significant shift in its financial outlook. The company appears to be overvalued, given its troubling financial ratios, including a PE ratio of -107.51, an EV to EBITDA of 132.66, and a ROE of -6.26%. These metrics suggest that the company's earnings are not only negative but also that it is trading at a high valuation relative to its earnings potential.<BR><BR>When compared to peers, Candour Techtex's valuation stands out unfavorably. For instance, Bajaj Steel Industries, categorized as attractive, has a PE ratio of 19.61 and an EV to EBITDA of 12.52, while LMW, considered very expensive, has a PE ratio of 139.43. The stark contrast in these ratios highlights the overvaluation of Candour Techtex. Despite a strong year-to-date return of 39.60% compared to the Sensex's 8.72%, the underlying financial metrics suggest that the stock may not sustain its current price levels in the long term.

Who are the top shareholders of the Candour Techtex?

The top shareholders of Candour Techtex are Jayesh Ramniklal Mehta with 25.43%, Mangal Keshav Capital Limited at 16.55%, and individual investors holding a combined 38.72%. There are no institutional holdings from mutual funds or foreign investors.

The top shareholders of Candour Techtex include Jayesh Ramniklal Mehta, who holds the largest share at 25.43%. The highest public shareholder is Mangal Keshav Capital Limited, with a stake of 16.55%. Additionally, individual investors collectively hold 38.72% of the company's shares. There are no institutional holdings from mutual funds or foreign institutional investors.

What is the technical trend for Candour Techtex?

As of April 25, 2025, Candour Techtex shows a mildly bullish trend overall, supported by daily moving averages and a bullish monthly MACD, despite mixed signals from weekly indicators like the MACD and Bollinger Bands.

As of 25 April 2025, the technical trend for Candour Techtex has changed from bullish to mildly bullish. The weekly MACD indicates a mildly bearish stance, while the monthly MACD remains bullish. The daily moving averages show a mildly bullish trend, supporting the overall mildly bullish outlook. However, the weekly Bollinger Bands are bearish, and the KST is bearish on a weekly basis but bullish monthly. The Dow Theory reflects a mildly bearish stance weekly and mildly bullish monthly, which adds to the mixed signals. Overall, the current technical stance is mildly bullish, with key indicators being the daily moving averages and the monthly MACD.

Has Candour Techtex declared dividend?

No Dividend History Available