Recent Price Movement and Market Context
On 21 Jan 2026, Texmo Pipes & Products Ltd’s share price declined by 2.68% to reach Rs.44, the lowest level in the past year. This marks a continuation of a three-day losing streak during which the stock has shed 6.85% of its value. Despite this, the stock marginally outperformed its sector by 0.68% on the day, indicating some relative resilience within the Plastic Products - Industrial segment.
The stock currently trades below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a sustained bearish trend. This technical positioning underscores the challenges faced by the company in regaining upward momentum.
Meanwhile, the broader market environment has been unfavourable. The Sensex opened sharply lower by 385.82 points and closed down 355.38 points at 81,439.27, a 0.9% decline. The index is also trading below its 50-day moving average, although the 50DMA remains above the 200DMA. Notably, the Sensex has recorded a three-week consecutive fall, losing 5.04% over this period, reflecting a cautious investor sentiment across sectors.
Long-Term Performance and Valuation Metrics
Over the past year, Texmo Pipes & Products Ltd has delivered a negative return of 27.89%, significantly underperforming the Sensex, which gained 7.38% during the same period. The stock’s 52-week high was Rs.69.79, highlighting the extent of the recent decline.
From a valuation standpoint, the company exhibits a very attractive enterprise value to capital employed ratio of 0.7, suggesting the stock is trading at a discount relative to its capital base. This valuation is lower than the average historical valuations of its peers in the Plastic Products - Industrial sector.
Perfect timing to enter! This Small Cap from IT - Software just turned profitable with growth momentum clearly building up. Get in before the broader market notices!
- - New profitability achieved
- - Growth momentum building
- - Under-the-radar entry
Financial Performance and Profitability Trends
Texmo Pipes & Products Ltd’s financial results have reflected subdued growth and profitability pressures. The company’s net sales for the latest quarter stood at Rs.63.05 crore, marking the lowest quarterly sales figure recorded recently. Profit after tax (PAT) for the quarter was Rs.2.33 crore, representing a decline of 8.3% compared to the previous period.
Cash and cash equivalents at the half-year mark were reported at Rs.6.19 crore, the lowest level in recent times, indicating limited liquidity buffers. The company’s ability to service debt remains constrained, with an average EBIT to interest coverage ratio of 1.83, which is considered weak for sustaining financial obligations comfortably.
Long-term growth metrics also point to modest expansion. Net sales have grown at an annualised rate of 3.86% over the past five years, while operating profit has increased at a slower pace of 3.04% annually. Return on capital employed (ROCE) averages 6.57%, reflecting limited efficiency in generating returns from invested capital.
Comparative Performance and Market Position
In addition to underperforming the Sensex, Texmo Pipes & Products Ltd has lagged behind the broader BSE500 index over multiple time horizons, including the last three years, one year, and three months. This consistent underperformance highlights challenges in both market positioning and investor confidence.
The company’s Mojo Score currently stands at 26.0, with a Mojo Grade of Strong Sell, upgraded from a previous Sell rating on 11 Sep 2025. The market capitalisation grade is 4, indicating a micro-cap status within the industry.
Majority shareholding is held by non-institutional investors, which may influence liquidity and trading dynamics.
Texmo Pipes & Products Ltd or something better? Our SwitchER feature analyzes this micro-cap Plastic Products - Industrial stock and recommends superior alternatives based on fundamentals, momentum, and value!
- - SwitchER analysis complete
- - Superior alternatives found
- - Multi-parameter evaluation
Valuation and Profitability Paradox
Despite the subdued price performance, Texmo Pipes & Products Ltd’s profits have shown a notable increase over the past year, rising by 94.7%. This divergence between profit growth and share price decline is reflected in a low PEG ratio of 0.1, suggesting that the stock’s valuation is not fully aligned with its earnings growth trajectory.
The company’s ROCE of 6.7% remains modest but is accompanied by a valuation that is attractive relative to capital employed. This valuation discount compared to peers may be a factor in the stock’s current pricing, although it has not translated into price appreciation to date.
Summary of Key Metrics
To summarise, Texmo Pipes & Products Ltd’s key financial and market metrics as of January 2026 are:
- 52-week low price: Rs.44
- 52-week high price: Rs.69.79
- One-year stock return: -27.89%
- Sensex one-year return: +7.38%
- Mojo Score: 26.0 (Strong Sell)
- Market Cap Grade: 4 (Micro-cap)
- Average ROCE: 6.57%
- Annual net sales growth (5 years): 3.86%
- Annual operating profit growth (5 years): 3.04%
- EBIT to interest coverage ratio: 1.83
- Cash and cash equivalents (half-year): Rs.6.19 crore
- Net sales (quarterly): Rs.63.05 crore
- PAT (quarterly): Rs.2.33 crore, down 8.3%
The stock’s current trajectory and financial profile reflect a complex interplay of valuation, profitability, and market sentiment factors. While the share price has reached a new low, the company’s underlying financial data presents a nuanced picture of performance and valuation.
Unlock special upgrade rates for a limited period. Start Saving Now →
