Candour Techtex

Why is Candour Techtex Ltd falling/rising?

As of 18-Jul, Candour Techtex Ltd's stock price is 81.18, down 0.17%, with a year-to-date decline of 46.85%, indicating underperformance compared to the Sensex. Recent signs of reduced investor participation and mixed technical indicators suggest ongoing challenges for the stock.

As of 18-Jul, Candour Techtex Ltd's stock price is currently at 81.18, reflecting a slight decrease of 0.14 or 0.17%. Despite this decline, the stock has shown some positive momentum recently, having gained 1.03% over the last two days. This performance is in line with the sector, indicating that the stock's movement is not isolated but rather part of broader market trends.<BR><BR>However, the stock's year-to-date performance is concerning, with a significant drop of 46.85%, compared to a smaller decline of 8.30% in the benchmark Sensex. Over the past month, the stock has also fallen by 1.18%, while the Sensex has risen by 1.29%. This suggests that Candour Techtex Ltd is underperforming relative to the market.<BR><BR>Additionally, there are signs of falling investor participation, as evidenced by a delivery volume of 6.66k on July 16, which has decreased by 23.07% compared to the 5-day average. This decline in trading activity may contribute to the stock's price pressure.<BR><BR>In terms of moving averages, the stock is currently above its 5-day and 20-day moving averages but below its 50-day, 100-day, and 200-day moving averages, indicating a mixed technical outlook. Overall, while there has been a recent uptick in price, the broader context of declining performance and reduced investor interest suggests that the stock is facing challenges that may be contributing to its current price movement.

Which are the latest news on Candour Techtex?

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.

Should I buy, sell or hold Candour Techtex Ltd?

When is the next results date for Candour Techtex Ltd?

The next results date for Candour Techtex Ltd is 18 June 2026.

The next results date for Candour Techtex Ltd is scheduled for 18 June 2026.

What does Candour Techtex do?

Candour Techtex Ltd is a micro-cap company in the plastic products industry, focusing on industrial applications. As of December 2025, it reported net sales of 7 Cr and a net loss of 1 Cr, with a market cap of INR 188 Cr.

Overview:<BR>Candour Techtex Ltd operates in the plastic products industry, specifically focusing on industrial applications, and is categorized as a micro-cap company.<BR><BR>History:<BR>Candour Techtex Ltd was initially incorporated as Amita Texturisers Private Limited in 1986. The company underwent several name changes, becoming Chandni Engineering Private Limited, then Chandni Engineering Limited in 1990, and later Chandni Textiles Limited in 2005. The most recent quarterly results reported net sales and net profit for December 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 7 Cr (Quarterly Results - Dec 2025) <BR>Most recent Net Profit: -1 Cr (Quarterly Results - Dec 2025) <BR>Market-cap value: INR 188 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 86 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.38 <BR>Return on Equity: -7.96% <BR>Price to Book: 4.32<BR><BR>Contact Details:<BR>Address: 110 TV Industrial Estate, 52 S K Ahire Marg Worli Mumbai Maharashtra : 400030 <BR>Phone: 91-09324802991 <BR>Email: jrgroup@jrmehta.com <BR>Website: http://www.cteil.com

How big is Candour Techtex?

As of 10th June, Candour Techtex Ltd has a market capitalization of 188.00 Cr and reported net sales of 104.42 Cr with a loss of 3.37 Cr over the latest four quarters.

As of 10th June, Candour Techtex Ltd has a market capitalization of 188.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Candour Techtex reported net sales of 104.42 Cr. However, the company experienced a loss of 3.37 Cr during the same period.<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.

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 (Independent Director), Rameshchand Garg (Independent Director), Sharmila Hiralal Amin (Executive Director), Kirti Pathak (Company Secretary & Compliance Officer), and Mansi Harsh Dave (Independent Director).

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>If you need more details about their roles or the company, feel free to ask!

Who are the peers of the Candour Techtex?

Candour Techtex's peers include Kaka Industries, CDG Petchem, Tainwala Chem., Ecoplast, B. D. Industries, Hind.Adhesive, Captain Pipes, and Caprihans India. Among these, Kaka Industries shows excellent management and growth, while Candour Techtex has below-average management risk and a 1-year return of -14.80%.

Peers: The peers of Candour Techtex are Kaka Industries, CDG Petchem, Tainwala Chem., Ecoplast, B. D. Industries, Hind.Adhesive, Captain Pipes, and Caprihans India.<BR><BR>Quality Snapshot: Excellent management risk is observed at Kaka Industries and B. D. Industries, while Average management risk is found at CDG Petchem, Ecoplast, Hind.Adhesive, and Captain Pipes. Below Average management risk is noted at Tainwala Chem., Candour Techtex, and Caprihans India. Growth is Excellent at Kaka Industries, Good at Ecoplast, Average at B. D. Industries, and Below Average at CDG Petchem, Tainwala Chem., Candour Techtex, Hind.Adhesive, Captain Pipes, and Caprihans India. Capital Structure is Good at B. D. Industries and Ecoplast, Average at Kaka Industries and Captain Pipes, and Below Average at CDG Petchem, Tainwala Chem., Candour Techtex, Hind.Adhesive, and Caprihans India.<BR><BR>Return Snapshot: CDG Petchem has the highest 1-year return at 353.99%, while Candour Techtex has a 1-year return of -14.80%, indicating a significantly lower performance compared to its peers. Additionally, Kaka Industries, Tainwala Chem., Ecoplast, Hind.Adhesive, Captain Pipes, and Caprihans India all have negative six-month returns.

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