Candour Techtex

Who are in the management team of Candour Techtex?

As of March 2022, 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 the company's strategic direction and operations.

As of March 2022, 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>These members play key roles in guiding the company's strategic direction and operations.

Has Candour Techtex declared dividend?

No Dividend History Available

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.

Who are the peers of the Candour Techtex?

Candour Techtex's peers include Bright Brothers, Tainwala Chem., Texmo Pipes, Caprihans India, Hind.Adhesive, Guj. Toolroom, National Plastic, Rungta Irrigatn., and G M Polyplast. In terms of management risk, growth, and capital structure, Candour Techtex is rated below average, with a 1-year return of 121.97%, outperforming most peers.

Peers: The peers of Candour Techtex are Bright Brothers, Tainwala Chem., Texmo Pipes, Caprihans India, Hind.Adhesive, Guj. Toolroom, National Plastic, Rungta Irrigatn., and G M Polyplast.<BR><BR>Quality Snapshot: Excellent management risk is observed at Guj. Toolroom, while Average management risk is found at Hind.Adhesive, Caprihans India, and National Plastic, and the rest. Below Average management risk is noted at Bright Brothers, Tainwala Chem., Texmo Pipes, Candour Techtex, Rungta Irrigatn., and G M Polyplast. Growth is Excellent at Guj. Toolroom, Good at Candour Techtex, Hind.Adhesive, and Rungta Irrigatn., and the rest, while Average growth is seen at National Plastic, and Below Average growth is found at Tainwala Chem., Texmo Pipes, Caprihans India, and G M Polyplast. Capital Structure is Excellent at Guj. Toolroom, Average at Texmo Pipes, and Below Average at Bright Brothers, Tainwala Chem., Caprihans India, Candour Techtex, Hind.Adhesive, National Plastic, Rungta Irrigatn., and G M Polyplast.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Bright Brothers at 115.98%, while the lowest is G M Polyplast at -56.64%. Candour Techtex's 1-year return of 121.97% is higher than both. Additionally, peers with negative six-month returns include Hind.Adhesive, Guj. Toolroom, National Plastic, Rungta Irrigatn., and G M Polyplast.

What does Candour Techtex do?

Candour Techtex Ltd assembles TFO twisting machines and sources machinery in the industrial plastic products sector. As of March 2025, it reported net sales of 538 Cr and a net loss of 7 Cr, with a market cap of INR 180 Cr.

Overview: <BR>Candour Techtex Ltd is engaged in assembling TFO twisting machines and sourcing various machinery and equipment within the Plastic Products - Industrial industry, classified as a Micro Cap company.<BR><BR>History: <BR>Candour Techtex Ltd was incorporated in June 1986, originally known as Amita Texturisers Pvt Ltd and later rebranded from Chandni Textiles Engineering Industries Ltd. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 538 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -7 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: INR 180 Cr (Micro Cap) <BR><BR>Key Metrics: <BR>P/E: 179.00 <BR>Industry P/E: 90 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 1.15 <BR>Return on Equity: 2.33% <BR>Price to Book: 6.13 <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 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.

How big is Candour Techtex?

As of 24th July, Candour Techtex Ltd has a market capitalization of 178.00 Cr, with recent net sales of 188.11 Cr and a net profit of 0.67 Cr. The latest balance sheet shows shareholder's funds of 22.37 Cr and total assets of 27.20 Cr.

As of 24th July, Candour Techtex Ltd has a market capitalization of 178.00 Cr, categorizing it as a Micro Cap company.<BR><BR>For the latest four quarters, the company reported Net Sales of 188.11 Cr and a Net Profit of 0.67 Cr.<BR><BR>The latest annual period for the balance sheet is March 2017, with Shareholder's Funds amounting to 22.37 Cr and Total Assets valued at 27.20 Cr.

Are Candour Techtex latest results good or bad?

Candour Techtex's latest results are unfavorable, showing a 37.44% drop in net sales and a slight improvement in net profit, but still reflecting a loss. MarketsMOJO has issued a 'Sell' recommendation, indicating a cautious outlook for the company's financial position.

Candour Techtex's latest results for the quarter ending June 2025 indicate a flat financial performance, with no significant growth or decline overall. However, the specifics reveal some concerning trends. The company experienced a substantial decrease in net sales, dropping by 37.44% compared to the previous quarter. While the standalone net profit did improve slightly, it still reflected a loss, decreasing by 24.32%.<BR><BR>Additionally, MarketsMOJO has issued a 'Sell' recommendation, suggesting a cautious outlook on the company's market position. Although there has been a slight improvement in the performance score, moving from -4 to -1, the overall financial metrics remain in negative territory.<BR><BR>In summary, while there are minor signs of improvement, the overall results can be viewed as unfavorable, particularly due to the significant decline in net sales and ongoing losses. Stakeholders will need to keep a close watch on the company's performance in the upcoming quarters to assess its ability to recover and enhance its financial standing.

When is the next results date for Candour Techtex?

The next results date for Candour Techtex is 14 November 2025.

The next results date for Candour Techtex is scheduled for 14 November 2025.

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.

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.

Should I buy, sell or hold Candour Techtex Ltd?

Why is Candour Techtex Ltd falling/rising?

As of 18-Jan, Candour Techtex Ltd's stock price is rising to 146.95, reflecting a strong long-term performance with a 33.29% return over the past year. However, concerns about decreased investor participation and underperformance relative to its sector may pose risks to its future stability.

As of 18-Jan, Candour Techtex Ltd's stock price is rising, currently at 146.95, reflecting a change of 2.5 (1.73%) upwards. This increase can be attributed to its strong performance in the long term, as evidenced by a 33.29% return over the past year, significantly outperforming the BSE500 index, which only gained 8.47% during the same period. Additionally, the stock has shown impressive growth over the last three years, with a return of 214.67%, indicating robust market-beating performance.<BR><BR>However, it is important to note that despite the recent rise, the stock has underperformed its sector today by 1.83%. Furthermore, there are concerns regarding falling investor participation, as the delivery volume has decreased by 82.99% compared to the five-day average. This decline in trading activity could indicate a lack of confidence among investors, which may pose risks to the stock's future performance.<BR><BR>In summary, while the stock is currently rising due to its strong historical returns and market performance, there are underlying factors such as decreased investor participation and sector underperformance that could impact its stability moving forward.

Which are the latest news on Candour Techtex?