MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-26-0063693
Market Cap
₹13.96 Cr
PIOTEX · BSE
Share Price
₹27.35
0.00% today
Revenue
₹90.21 Cr
FY 2025-26 · -32.9% YoY
EBITDA
₹0.50 Cr
Margin 0.6%
Net Profit
₹0.65 Cr
FY 2025-26 · -80.7% YoY
P/E (TTM)
21.3x
P/B 0.5x
ROE
2.5%
ROCE 4.2%
Debt / Equity
0.04
Interest cover 56.5x
About Piotex Industries Limited
Data last updated:
Piotex Industries Limited is a public limited company based in Pune, Maharashtra, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 24 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L17299PN2019PLC187464. Its GSTIN is 27AAKCP8367N1ZG (Maharashtra). It is a listed company as per MCA records. Its shares are listed on BSE: 544178.
The company has an authorised share capital of ₹8.5 Cr and a paid-up capital of ₹5.1 Cr. It is led by directors including Abhay Shriram Asalkar (Managing Director) and Sandeep Vitthalrao Deore.
Its last annual general meeting (AGM) was held on 28 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at F/II Block Plot No. 16/2 M.I.D.C. Pimpri, Pune, Maharashtra, India – 411018.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹90.21 Cr, a decline of 32.9% compared to the previous year. For the same year it recorded a net profit of ₹65 Lakh (net margin 0.7%) and EBITDA of ₹50 Lakh (EBITDA margin 0.6%). The net worth stands at ₹26.16 Cr (up 2.5% YoY). Total assets are valued at ₹26.55 Cr (down 5.3% YoY).
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹8.75 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending. The company has 18 deals on record (15 market trades, 1 funding round, 1 rights issue), with disclosed funding of ₹14 Lakh; the latest was in September 2025. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier.
Piotex Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0063693). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website piotex.in.
Company details
CIN L17299PN2019PLC187464
Registration Number 187464
Incorporation Date 24 October 2019
ROC Pune
Listing Status Listed - Listed on BSE (544178)
Company Status Active
Date of Last AGM 28 July 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-26-0063693
CIN history
Piotex Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L17299PN2019PLC187464, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17299PN2019PLC187464 | Current |
| U17299PN2019PLC187464 | Previous |
| U17299PN2019PTC187464 | Previous |
Key People
Abhay Shriram Asalkar Managing Director Sandeep Vitthalrao Deore Director Yogesh Omprakash Nimodiya Director Recognitions & Rankings of Piotex Industries
Contact details
Piotex Industries Limited's registered office is in Pune, Maharashtra. Its website is piotex.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressF/II Block Plot No. 16/2 M.I.D.C. Pimpri, Pune, Maharashtra, India – 411018
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Piotex Industries Limited, buy the company report.
Comprehensive company report
Piotex Industries Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Piotex Industries is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Piotex Industries Limited, buy the company report.
Financials of Piotex Industries Limited
FY 2025-26 filings availablePiotex Industries Limited reported revenue of ₹90.21 Cr (down 32.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹90.21 Cr
-32.9% YoY
EBITDA
₹0.50 Cr
-89.2% YoY
Profit After Tax
₹0.65 Cr
-80.7% YoY
Net Worth
₹26.16 Cr
+2.5% YoY
Total Assets
₹26.55 Cr
-5.3% YoY
Total Debt
₹0.07 Cr
-96.8% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 90.21 | 134 | 118 | 86.01 | 80.22 | 54.39 |
| Revenue growth | -32.9% | +13.4% | +37.7% | +7.2% | +47.5% | - |
| EBITDA | 0.50 | 4.65 | 3.81 | 4.16 | 1.19 | 0.94 |
| EBITDA margin | +0.6% | +3.5% | +3.2% | +4.8% | +1.5% | +1.7% |
| Profit before tax | 0.88 | 4.49 | 4.02 | 3.93 | 0.99 | 0.83 |
| Net profit | 0.65 | 3.36 | 3.01 | 2.90 | 0.73 | 0.61 |
| Net profit margin | +0.7% | +2.5% | +2.5% | +3.4% | +0.9% | +1.1% |
| EPS (₹) | 1.29 | 6.59 | 8.44 | 192.50 | 49.53 | 39.94 |
| Balance sheet | ||||||
| Total assets | 26.55 | 28.03 | 13.85 | 8.12 | 6.80 | 2.98 |
| Net worth | 26.16 | 25.51 | 9.38 | 4.40 | 1.51 | 0.77 |
| Total debt | 0.07 | 2.20 | 4.46 | 3.72 | 5.28 | 2.21 |
| Cash & bank | 1.21 | 0.19 | 0.06 | 0.45 | 0.21 | 1.01 |
| Net working capital | 12.90 | 21.47 | 12.86 | 8.00 | 6.81 | 2.98 |
| Cash flow | ||||||
| Cash from operations | 9.88 | (7.11) | (2.39) | 2.83 | 0.08 | (1.06) |
| Cash from investing | (6.47) | (2.78) | (0.47) | (0.13) | 0.00 | 0.00 |
| Cash from financing | (2.39) | 10.02 | 2.47 | (2.46) | (0.88) | 1.73 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 90.21 | 134 | 118 | 86.01 | 80.22 | 54.39 |
| Revenue growth | -32.9% | +13.4% | +37.7% | +7.2% | +47.5% | - |
| Other income | 0.68 | 0.34 | 0.48 | 0.67 | 0.24 | 0.05 |
| Total expenses | 89.71 | 130 | 115 | 81.85 | 79.03 | 53.45 |
| Employee cost | 0.40 | 0.72 | 0.42 | 0.11 | 0.21 | 0.19 |
| EBITDA | 0.50 | 4.65 | 3.81 | 4.16 | 1.19 | 0.94 |
| EBITDA margin | +0.6% | +3.5% | +3.2% | +4.8% | +1.5% | +1.7% |
| Depreciation | 0.04 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 |
| Interest | 0.26 | 0.48 | 0.25 | 0.90 | 0.44 | 0.16 |
| Profit before tax | 0.88 | 4.49 | 4.02 | 3.93 | 0.99 | 0.83 |
| Tax | 0.23 | 1.13 | 1.01 | 1.03 | 0.26 | 0.22 |
| Net profit | 0.65 | 3.36 | 3.01 | 2.90 | 0.73 | 0.61 |
| Net profit margin | +0.7% | +2.5% | +2.5% | +3.4% | +0.9% | +1.1% |
| EPS (₹) | 1.29 | 6.59 | 8.44 | 192.50 | 49.53 | 39.94 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 5.10 | 5.10 | 3.56 | 0.15 | 0.15 | 0.15 |
| Reserves & surplus | 21.06 | 20.41 | 5.82 | 4.25 | 1.36 | 0.62 |
| Shareholders' funds (net worth) | 26.16 | 25.51 | 9.38 | 4.40 | 1.51 | 0.77 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 4.05 | 0.49 |
| Unsecured loans | 0.07 | 2.20 | 4.46 | 3.72 | 1.23 | 1.72 |
| Total debt | 0.07 | 2.20 | 4.46 | 3.72 | 5.28 | 2.21 |
| Total liabilities | 26.55 | 28.03 | 13.85 | 8.12 | 6.80 | 2.98 |
| Assets | ||||||
| Gross block | 3.03 | 0.14 | 0.13 | 0.13 | 0.00 | 0.00 |
| Net block | 2.95 | 0.09 | 0.11 | 0.13 | 0.00 | 0.00 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.76 | 0.67 | 0.20 | 0.08 | 8.56 | 0.47 |
| Sundry debtors | 8.06 | 18.58 | 32.08 | 9.14 | 1.78 | 3.07 |
| Cash & bank balances | 1.21 | 0.19 | 0.06 | 0.45 | 0.21 | 1.01 |
| Loans & advances | 6.16 | 6.07 | 2.78 | 7.78 | 3.31 | 0.27 |
| Total current assets | 16.19 | 25.51 | 35.12 | 17.45 | 13.86 | 4.82 |
| Total current liabilities | 3.29 | 4.04 | 22.26 | 9.45 | 7.05 | 1.84 |
| Net working capital | 12.90 | 21.47 | 12.86 | 8.00 | 6.81 | 2.98 |
| Total assets | 26.55 | 28.03 | 13.85 | 8.12 | 6.80 | 2.98 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 0.19 | 0.06 | 0.45 | 0.21 | 1.01 | 0.34 |
| Net cash from operating activities | 9.88 | (7.11) | (2.39) | 2.83 | 0.08 | (1.06) |
| Net cash from investing activities | (6.47) | (2.78) | (0.47) | (0.13) | 0.00 | 0.00 |
| Net cash from financing activities | (2.39) | 10.02 | 2.47 | (2.46) | (0.88) | 1.73 |
| Net change in cash | 1.02 | 0.13 | (0.39) | 0.24 | (0.80) | 0.68 |
| Closing cash | 1.21 | 0.19 | 0.06 | 0.45 | 0.21 | 1.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | -32.9% | +13.4% | +37.7% | +7.2% | +47.5% | - |
| EBITDA growth | -89.3% | +22.1% | -8.4% | +249.6% | +26.6% | - |
| PBT growth | -80.4% | +11.7% | +2.3% | +297.0% | +19.3% | +9997.0% |
| Net income growth | -80.7% | +11.6% | +3.8% | +297.3% | +19.7% | - |
| Revenue CAGR (3Y) | +1.6% | +18.8% | +29.6% | - | - | - |
| EBITDA CAGR (3Y) | -50.7% | +57.5% | +59.4% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +0.7% | +2.5% | +2.5% | +3.4% | +0.9% | +1.1% |
| Return on capital employed | +4.2% | +23.7% | +38.9% | +64.6% | +29.5% | +32.9% |
| Return on net worth | +2.6% | +19.3% | +43.7% | +97.8% | +64.9% | +77.9% |
| Debt / equity | 0.04 | 0.19 | 0.59 | 1.52 | 3.29 | 2.87 |
| Long-term debt / equity | 0.00 | 0.04 | 0.38 | 0.84 | 0.54 | 0.00 |
| Interest cover | 56.52 | 10.37 | 6.60 | 21.63 | 36.97 | 17.02 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 56.91 | 995.26 | 911.23 | 1,323.23 | 0.00 | 0.00 |
| Inventory turnover | 126.17 | 308.87 | 846.14 | 19.91 | 17.77 | 115.72 |
| Debtors turnover | 6.77 | 5.30 | 5.75 | 15.75 | 33.08 | 17.72 |
| EPS (₹) | 1.29 | 6.59 | 8.44 | 192.50 | 49.53 | 39.94 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 51.27 | 49.99 | 26.34 | 293.38 | 100.88 | 51.35 |
To see the full year-wise statements and ratios of Piotex Industries Limited, buy the company report.
Board of directors of Piotex Industries Limited
Piotex Industries has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Vitthalrao Deore Also directs: Simoni Textile Private Limited, Aakarshan Tex Fab Private Limited, Adhrit Textiles Private Limited and 2 more | Director | 30 Nov 2021 | 4 Years 10 Months | Current |
| Yogesh Omprakash Nimodiya | Director | 24 Oct 2019 | 6 Years 11 Months | Current |
| Abhay Shriram Asalkar | Managing Director | 24 Oct 2019 | 6 Years 11 Months | Current |
| Vijendra Kamalrao Deshmukh | Director | 30 Jun 2025 | 1 Years 3 Months | Current |
| Bhavisha Kunal Chauhan Also directs: H.M. Electro Mech Limited, Fonebox Retail Limited | Director | 15 Sep 2023 | 3 Years 1 Months | Current |
Auditor
Piotex Industries Limited is audited by ACHYUT EKHE& CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ACHYUT EKHE& CO. | FY 2023 | 114973W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 66.00%, foreign institutional investors hold 2.10%, domestic institutional investors hold 5.70% and retail and other public shareholders hold 26.30%.
Sep 2026
QUARTER
66.00% Promoters
5.70% DII (Domestic Institutional)
2.10% FII (Foreign Institutional)
26.30% Retail & Others
Promoter holding - history
Now 66.00% · Sep 2026High 66.00% · Dec 2025Low 66.00% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 66.00% | 66.00% | 66.00% | 66.00% |
| Public | 34.00% | 34.00% | 34.00% | 34.00% |
Charges & borrowings
Open charges
None
Satisfied charges
₹8.75 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jan 2022 | 100554084 | Tirupati Urban Co-Op. Bank Limited | ₹6.75 Cr | Satisfied | |
| 11 Sep 2020 | 100376957 | Axis Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of Piotex Industries Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Piotex Industries Limited has 18 deals on record (15 market trades, 1 funding round, 1 rights issue), with disclosed funding of ₹14 Lakh; the latest was in September 2025.
Total deals
18
Market trades
15
Funding round
1
Rights issue
1
IPO
1
Disclosed funding
₹14 Lakh
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Market trade | ₹19 Lakh | Buyer: Spread X Securities Private Limited Seller: Spread X Securities Private Limited |
| Aug 2025 | Market trade | ₹20.9 Lakh | Buyer: Spread X Securities Private Limited Seller: Spread X Securities Private Limited |
| Aug 2025 | Market trade | ₹30.9 Lakh | Buyer: Spread X Securities Private Limited Seller: Spread X Securities Private Limited |
| Jul 2025 | Market trade | ₹40.5 Lakh | Buyer: Spread X Securities Private Limited Seller: Viney Equity Market LLP , Spread X Securities Private Limited |
| Jul 2025 | Market trade | ₹18.8 Lakh | Seller: Spread X Securities Private Limited |
To see the full deal history of Piotex Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Piotex Industries Limited has 2 court cases on record: 2 filed by Piotex Industries. All cases are pending.
Total cases
2
Filed by the company
2
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against The Assistant Commissioner of Income Tax Central Circle Pune and Ors | Pending |
| Bombay High Court | Writ petition | Filed by the company against The Assistant Commissioner of Income Tax Central Circle and Ors | Pending |
To see the full case history of Piotex Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Piotex Industries Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Nemani Industries |
To see the full MSME payment records of Piotex Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Piotex Industries Limited has a workforce of 5 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
Employee count
5
Active EPFO establishments
1
Employee growth
150%
GST
Piotex Industries has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCP8367N1ZG | Maharashtra | Active | 07 Dec 2019 |
To see the full GST registrations and return filing status of Piotex Industries Limited, buy the company report.
Recent activity
Piotex Industries Limited has 10 board changes on record since 2019: 5 appointments and 5 cessations. The latest: Vijendra Kamalrao Deshmukh ceased to be Additional Director on 27 Jul 2025.
Filing
Piotex Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Pune.
AGM
Piotex Industries Limited last Annual general meeting of members was held on 28 Jul 2025 as per latest MCA records.
Ceased
Vijendra Kamalrao Deshmukh ceased to be Additional Director.
Appointed
Vijendra Kamalrao Deshmukh was appointed as Director.
Appointed
Bhavisha Kunal Chauhan was appointed as Director.
Ceased
Abhay Shriram Asalkar ceased to be Director.
Ceased
Yogesh Omprakash Nimodiya ceased to be Director.
Charges
A charge registered on 06 Jan 2022 via Charge ID 100554084 with Tirupati Urban Co-Op. Bank Limited was fully satisfied on 09 Dec 2022.
Ceased
Sandeep Vitthalrao Deore ceased to be Additional Director.
Ceased
Vijay Vithalrao Deore ceased to be Additional Director.
Charges
A charge with Tirupati Urban Co-Op. Bank Limited amounted to Rs. 6.75 Cr with Charge ID 100554084 was registered on 06 Jan 2022.
Appointed
Sandeep Vitthalrao Deore was appointed as Director.
6 earlier events are in the company report.
Frequently asked questions
Piotex Industries is an active public limited company based in Pune, Maharashtra, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 24 October 2019 (7+ years old) and is registered under CIN L17299PN2019PLC187464. Listed on BSE: 544178.
Piotex Industries reported revenue of ₹90.21 Cr for FY 2025-26 (down 32.9% YoY) based on standalone financials.
Piotex Industries has 5 current directors:
- Abhay Shriram Asalkar - Managing Director
- Sandeep Vitthalrao Deore - Director
- Yogesh Omprakash Nimodiya - Director
- Vijendra Kamalrao Deshmukh - Director
- Bhavisha Kunal Chauhan - Director
The latest financial statements of Piotex Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 28 July 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Piotex Industries is 27AAKCP8367N1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Piotex Industries is L17299PN2019PLC187464. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Piotex Industries is a listed company as per MCA records. Its shares are listed on BSE (code: 544178).
Piotex Industries has 2 court cases on record: 2 filed by the company. 2 are pending.
Piotex Industries was incorporated on 24 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Pune.
Piotex Industries has 18 deals on record (15 market trades, 1 funding round, 1 rights issue), with disclosed funding of ₹14 Lakh; the latest was in September 2025.
Vijendra Kamalrao Deshmukh ceased to be Additional Director on 27 Jul 2025. Vijendra Kamalrao Deshmukh was appointed as Director on 30 Jun 2025. Bhavisha Kunal Chauhan was appointed as Director on 15 Sep 2023. Piotex Industries has 10 board changes on record in total.