Praxis Home

Why is Praxis Home Retail Ltd falling/rising?

As of 23-Jun, the stock price of Praxis Home Retail Ltd is declining due to ongoing financial struggles, including operating losses, a high debt-to-equity ratio, and consistent underperformance against benchmarks. The company has reported negative results for 15 consecutive quarters, with significant declines in net sales and profits.

As of 23-Jun, the stock price of Praxis Home Retail Ltd is falling, currently at 8.36, reflecting a change of -0.21 or -2.45%. This decline can be attributed to several negative factors impacting the company's financial health. The company has reported operating losses and has shown weak long-term fundamental strength, with net sales declining at an annual rate of -21.11% over the past five years. Additionally, Praxis has declared negative results for the last 15 consecutive quarters, indicating persistent financial struggles.<BR><BR>The company's debt situation is concerning, with a high debt-to-equity ratio averaging 59.01 times, which further complicates its financial stability. The negative EBITDA of Rs. -31.05 crore and a significant drop in profits by -74.5% over the past year highlight the ongoing challenges the company faces. Furthermore, the stock has consistently underperformed against the benchmark, generating a return of -34.69% in the last year and underperforming the BSE500 in each of the last three annual periods.<BR><BR>Despite some positive indicators, such as a rise in delivery volume and the stock trading above shorter-term moving averages, these factors are overshadowed by the overall negative performance and financial instability of the company. Thus, the combination of poor financial results, high debt, and consistent underperformance against benchmarks contributes to the stock's decline.

Which are the latest news on Praxis Home?

What does Praxis Home do?

Praxis Home Retail Ltd operates in the Garments & Apparels industry as a Micro Cap company, reporting net sales of 25 Cr and a net loss of 115 Cr for the quarter ending March 2026. The company has a market cap of INR 131 Cr and significant debt with a debt-to-equity ratio of 2.38.

Overview:<BR>Praxis Home Retail Ltd operates in the Garments & Apparels industry and is categorized as a Micro Cap company.<BR><BR>History:<BR>The company was originally incorporated on January 31, 2011, as GRN Energy Private Limited. It underwent several name changes, becoming GRN Retail Private Limited on December 21, 2016, and then Praxis Home Retail Private Limited on January 5, 2017. It became a Public Company and adopted the name Praxis Home Retail Limited in the 2017-18 fiscal year. The latest quarterly results report net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 25 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: -115 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 131 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A<BR>- Industry P/E: 72<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 2.38<BR>- Return on Equity: -118.05%<BR>- Price to Book: 2.69<BR><BR>Contact Details:<BR>Address: iThink Techno Campus Jolly, Board Tower D Kanjumarg(East) Mumbai Maharashtra : 400042<BR>Tel: 91-22-71068031<BR>Fax: 91-22-71068032<BR>Email: investorrelations@praxisretail.in<BR>Website: http://www.praxisretail.in

How big is Praxis Home?

As of 10th June, Praxis Home Retail Ltd has a market capitalization of 131.00 Cr and reported net sales of 95.66 Cr with a net loss of 66.62 Cr over the latest four quarters.

As of 10th June, <BR><BR>Market Cap: Praxis Home Retail Ltd has a market capitalization of 131.00 Cr, classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 95.66 Cr. The sum of Net Profit for the latest 4 quarters shows a loss of 66.62 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the balance sheet is March 2025. Shareholder's Funds are reported at a loss of 61.49 Cr, while Total Assets amount to 313.37 Cr.

Who are in the management team of Praxis Home?

The management team of Praxis Home includes Viraj Didwania (Chairman & Managing Director), Shrirang Kisanlal Sarda (Director), and several independent and additional directors, along with a company secretary, overseeing the company's operations and governance.

The management team of Praxis Home includes the following members:<BR><BR>1. **Viraj Didwania** - Chairman & Managing Director<BR>2. **Shrirang Kisanlal Sarda** - Director<BR>3. **Pankaj Bhargava** - Independent Director<BR>4. **Shantanu Shah** - Independent Director<BR>5. **S Subramanian** - Independent Director<BR>6. **Sridevi Badiga** - Independent Director<BR>7. **Smita Chowdhury** - Company Secretary<BR>8. **Avni Biyani** - Additional Director<BR>9. **Harminder Sahni** - Additional Director<BR>10. **Jacob Mathew** - Additional Director<BR>11. **Mahesh Shah** - Managing Director & Additional Director<BR>12. **Anou Singhvi** - Additional Director<BR>13. **Lynette Robert Monteiro** - Additional Director<BR><BR>This team comprises a mix of directors, independent directors, and additional directors, along with a company secretary, overseeing the operations and governance of the company.

Who are the peers of the Praxis Home?

Praxis Home's peers include Swadeshi Polytex, Binayaka Tex Pr, Bhandari Hosiery, BSL, Lorenzini Appar., Salona Cotspin, Lagnam Spintex, Avi Ansh, and Shri Techtex. Most peers exhibit below-average management risk and growth, with Salona Cotspin showing the highest 1-year return at 6.17%, while Praxis Home's return is -43.24%.

Peers: The peers of Praxis Home are Swadeshi Polytex, Binayaka Tex Pr, Bhandari Hosiery, BSL, Lorenzini Appar., Salona Cotspin, Lagnam Spintex, Avi Ansh, Shri Techtex.<BR><BR>Quality Snapshot: Excellent management risk is observed at Swadeshi Polytex and Lorenzini Appar., while Good management risk is found at Shri Techtex. Average management risk is present at BSL and Salona Cotspin, and the rest have Below Average management risk, including Praxis Home, Binayaka Tex Pr, Bhandari Hosiery, Avi Ansh, and Lagnam Spintex. Growth is Average at Swadeshi Polytex and Lagnam Spintex, while Good growth is noted at Avi Ansh. The rest, including Praxis Home, Binayaka Tex Pr, Bhandari Hosiery, BSL, Lorenzini Appar., Salona Cotspin, and Shri Techtex, exhibit Below Average growth. Excellent capital structure is seen at Swadeshi Polytex and Shri Techtex, while Good capital structure is noted at Lorenzini Appar. The rest, including Praxis Home, Binayaka Tex Pr, Bhandari Hosiery, BSL, Salona Cotspin, Lagnam Spintex, and Avi Ansh, have Below Average capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Salona Cotspin at 6.17%, while the lowest is Swadeshi Polytex at -47.84%. Praxis Home's 1-year return of -43.24% is better than Swadeshi Polytex but worse than Salona Cotspin. Additionally, the peers with negative six-month returns include Swadeshi Polytex, Binayaka Tex Pr, Praxis Home, Bhandari Hosiery, BSL, Lorenzini Appar., and Avi Ansh.

Should I buy, sell or hold Praxis Home Retail Ltd?

When is the next results date for Praxis Home Retail Ltd?

The next results date for Praxis Home Retail Ltd is 29 May 2026.

The next results date for Praxis Home Retail Ltd is scheduled for 29 May 2026.

Are Praxis Home Retail Ltd latest results good or bad?

Praxis Home Retail Ltd's latest results are concerning, showing a net loss of ₹15.89 crores and a 22.85% decline in revenue year-on-year, indicating significant financial distress and a negative net worth of ₹61.49 crores. The company's performance has deteriorated sharply, with a 56.07% drop in stock value over the past year.

Praxis Home Retail Ltd's latest results are concerning and indicate a significant decline in performance. In Q3 FY26, the company reported a net loss of ₹15.89 crores, which is a staggering 90.80% decrease year-on-year. Revenue also fell by 22.85% compared to the same quarter last year, totaling ₹26.20 crores. Although there was a slight sequential improvement in revenue from the previous quarter, this does not offset the broader trend of declining sales, which have plummeted from ₹703 crores in FY2020 to just ₹118 crores in FY2025.<BR><BR>The operating margin has worsened to negative 34.16%, marking the lowest level in seven quarters. Additionally, interest costs have surged to their highest recorded level, reflecting the company's increasing financial distress. The balance sheet reveals a negative net worth of ₹61.49 crores, indicating that liabilities exceed assets, which places the company in a precarious financial position.<BR><BR>Overall, the results reflect a company in crisis, struggling with persistent losses, declining revenues, and a lack of confidence from both promoters and institutional investors. The stock has also underperformed significantly, dropping 56.07% over the past year, which further underscores the challenges facing Praxis Home Retail.

How has been the historical performance of Praxis Home?

Praxis Home has experienced a significant decline in net sales and profitability, with net sales dropping from 702.77 crore in March 2020 to 118.97 crore in March 2025, and negative operating profits and shareholder equity by March 2025. The company's financial struggles are evident in its ongoing operational challenges and deteriorating financial position.

Answer:<BR>The historical performance of Praxis Home shows a significant decline in net sales and profitability over the years, culminating in a challenging financial position by March 2025.<BR><BR>Breakdown:<BR>Praxis Home's net sales have decreased dramatically from 702.77 crore in March 2020 to just 118.97 crore in March 2025. This decline reflects a consistent downward trend in total operating income, which fell from 682.81 crore in March 2019 to 118.97 crore in March 2025. The company's operating profit has also been negative for several years, with an operating profit of -29.96 crore in March 2025, compared to a profit of 15.29 crore in March 2020. Profit before tax has worsened, moving from -26.10 crore in March 2019 to -34.98 crore in March 2025. The profit after tax followed a similar trajectory, ending at -34.98 crore in March 2025, down from a profit of 14.24 crore in March 2022. The company's total liabilities have remained relatively stable, with a slight decrease from 319.23 crore in March 2024 to 313.37 crore in March 2025. However, shareholder's funds have turned negative, indicating a deteriorating equity position, with -61.49 crore reported in March 2025. Cash flow from operating activities has also been negative, reflecting ongoing operational challenges, with -27.00 crore in March 2025. Overall, Praxis Home's financial performance indicates significant struggles, particularly in revenue generation and profitability.

Is Praxis Home overvalued or undervalued?

As of December 28, 2020, Praxis Home Retail Ltd. is considered overvalued and risky, with concerning financial metrics such as a PE ratio of -6.92 and an EV to EBITDA of -15.25, alongside significant underperformance compared to the Sensex.

As of 28 December 2020, the valuation grade for Praxis Home Retail Ltd. moved from does not qualify to risky, indicating a significant change in its perceived financial stability. The company appears to be overvalued based on its current metrics, with a PE ratio of -6.92, an EV to EBITDA of -15.25, and a ROCE of -44.17%. These ratios suggest that the company is struggling to generate positive earnings and returns on capital.<BR><BR>When compared to its peers, Praxis Home's valuation metrics are concerning. For instance, its PE ratio is significantly lower than the industry average, and its EV to EBITDA ratio also reflects a negative outlook. Notably, the company has underperformed the Sensex over various time frames, with a year-to-date return of -30.08% compared to the Sensex's 5.56%. Overall, these factors reinforce the conclusion that Praxis Home is overvalued in the current market environment.

What is the technical trend for Praxis Home?

As of May 15, 2025, Praxis Home's technical trend is mildly bearish, with mixed signals from indicators like the weekly MACD being mildly bullish and the monthly MACD remaining bearish.

As of 15 May 2025, the technical trend for Praxis Home has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD remains bearish. The daily moving averages are mildly bearish, suggesting short-term weakness. The Bollinger Bands show a bullish signal on the weekly chart but a mildly bearish signal on the monthly chart. The KST is mildly bullish weekly but bearish monthly. Overall, the current technical stance is mildly bearish, with key indicators such as the daily moving averages and monthly MACD contributing to this view.

Who are the top shareholders of the Praxis Home?

The top shareholders of Praxis Home include Surplus Finvest Private Limited with 18.14%, Mathew Cyriac as the largest public shareholder at 7.41%, and individual investors holding 43.17%. There are no pledged promoter holdings, and four foreign institutional investors hold a combined 1.89%.

The top shareholders of Praxis Home include Surplus Finvest Private Limited, which holds the largest stake at 18.14%. Following that, Mathew Cyriac is the highest public shareholder with a holding of 7.41%. Additionally, individual investors collectively own 43.17% of the company. The company does not have any pledged promoter holdings, and there are four foreign institutional investors (FIIs) with a combined holding of 1.89%.

Has Praxis Home declared dividend?

No Dividend History Available