Piotex Industries Limited
BBSE:PIOTEX27.35
INR
-1.15
(-4.04%)
ISIN
INE0R4W01015
Return %
Stock
S&P 500
1Y
-58.87
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Semi-annual Revenue
INR
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in mil. unless spec.Semi-annual Earnings Per Share
INR
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in mil. unless spec.Semi-annual Dividends Per Share
INR
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in mil. unless spec.Company Description
- CEO
- Abhay Shriram Asalkar
- Full Time Employees
- 9
- Sector
- Process industries
- Industry
- Textiles
- Address
- Pune India
- IPO Date
- May 17, 2024
- Website
- piotexindustries.com
- Similar Companies
- Business
- Piotex Industries Limited is an India-based textile enterprise engaged in the trading and contract manufacturing of cotton yarn, synthetic yarn, woven and knitted fabrics, and cotton bales. The company operates under an asset-light business model, utilizing a distributed network of third-party processing facilities to manage production across spinning, weaving, and knitting stages. Piotex Industries Limited organizes its commercial operations into core product and service categories, comprising raw cotton supply, including raw cotton bales and natural fiber sourcing; spun yarn production, including combed cotton yarn, carded cotton yarn, compact yarn, and blended synthetic yarn such as polyester-viscose and polyester-cotton blends; textile fabrics, including greige, dyed, and finished woven fabrics as well as knitted textile rolls for apparel and home furnishing applications; finished institutional apparel, including corporate uniforms, industrial workwear, healthcare attire, hotel uniforms, and school garments; and textile job-work and technical advisory services, encompassing spinning coordination, quality assurance, ginning oversight, and contract weaving. The company distributes its products across key textile manufacturing and consumption hubs in India, with principal domestic operations centered in Maharashtra, Gujarat, and Madhya Pradesh, catering to garment manufacturers, textile mills, converters, institutional clients, and semi-wholesalers. Founded in 2019 and headquartered in Pune, Maharashtra, the company builds upon the Piotex Group textile agency foundation established in 2012. In recent developments, Piotex Industries Limited completed its initial public offering on the BSE SME platform in May 2024, raising equity capital to finance working capital needs and strategic corporate expansion. Concurrently, the company has expanded its third-party production partner footprint across western India, allocated additional capital toward operational equipment and supply chain infrastructure, and secured international environmental and textile certifications including Global Recycled Standard, OEKO-TEX, and Global Organic Textile Standard to expand its sustainable and certified fiber offerings.