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Texmo Pipes & Products Ltd share price today (on 4 October 2023).

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BSE: 533164 | NSE: TEXMOPIPES | ISIN: INE141K01013 Market Cap: [Rs.Cr.] 22 | Face Value: [Rs.] 10 Industry: Plastics Products

Texmo Pipes and Products Ltd is a public limited company incorporated on July, 3 2008. The company was engaged in manufacturing a range of PVC and HDPE pipes, viz., suction & delivery hose pipe, rigid PVC pipes, elastomeric sealing ringfit PVC Pipe (Gasket Pipe), PVC casing and ribbed screen casing pipes, SWR pipe, plumbing pipe, conduit pipe, capping casing strips, column pipe, HDPE plain pipe, sprinkler pipe, PLB HDPE cable duct and drip irrigation system. The company carries out their manufacturing activities at their two units, namely Unit I and Unit II in Burhanpur, Madhya Pradesh.
They are equipped with machinery and equipments required to manufacture pipes, quality inspection & testing of the raw materials, in process material and the finished products to the satisfaction of their customers. They have their marketing presence in the states of Madhya Pradesh, Chhattisgarh, Maharashtra, Uttar Pradesh, Gujarat, Andhra Pradesh and Rajasthan and have an extensive dealer network. The pipes manufactured by the company find application in irrigation, agriculture, potable water supply schemes, sewerage and drainage systems, construction industry, telecom industry and bore/ tube well for underground water suction. Their major customers in telecommunication are IDEA Cellular Ltd, Videsh Sanchar Nigam Ltd and BSNL and in Irrigation sector are M.P Laghu Udyog Nigam Ltd and M P Agro. The company was originally started as a partnership firm under the name Shree Mohit Industries on May 13, 1999.
They started their operations with manufacturing of PVC pipes having total installed capacity of 2928 MTPA. During the year 2000-01, the erstwhile firm started manufacturing HDPE pipes. In the year 2003, the erstwhile firm started manufacturing suction & delivery hose pipe, elastomeric sealing ringfit PVC Pipe (Gasket Pipe), SWR Pipe, column pipe, HDPE plain pipe, sprinkler pipe and drip irrigation system. They increased the installed capacity to 4137 MTPA and 2228 MTPA for PVC and HDPE pipes respectively. During the year 2005-06, they further increased the installed capacity to 5933.20 MTPA and 4435.20 MTPA respectively. During the year 2006-07, the erstwhile firm increased the installed capacity of PVC pipes to 6797.20 MTPA and during the year 2007-08, they increased installed capacity of HDPE pipes to 7217 MTPA.
In July 3, 2008, the company was converted into a public limited company under the name Texmo Pipes and Products Ltd and they received the certificate of commencement of business on July 28, 2008. In August 2008, the company, in order to consolidate their operations, signed Business Transfer Agreement (BTA) for purchase of specified assets and liabilities of their three promoter group entities, namely Shree Balaji Industries, Shree Venkatesh Industries and Shree Padmavati Irrigation Private Ltd. After the consolidation, the installed capacity increased to12,211 MTPA for PVC pipes and 8,095 MTPA for HDPE pipes. In September 2008, the company commissioned their Unit II by manufacturing of PVC pipes of measurement ranging from 20 mm to 315 mm and HDPE pipes having measurement ranging from 20 mm to 630 mm.
The company is in the process of increasing their installed capacity for PVC pipes and HDPE pipes at their existing manufacturing facility at Unit-I and II at Burhanpur. The total installed capacity after the proposed expansion would be 41674 MTPA for PVC pipes and 11023 MTPA for HDPE pipes. The company proposes to diversify their business operations by manufacturing woven sacks and injection mouldings. They also propose to manufacture CVPC pipes, Drip Inline and DWC pipes by which they would be in a position to cater to customers in macro-irrigation sector, sprinkler irrigation, lift irrigation and construction sector. The company plans to increase their customer base in the existing domestic markets by enhancing customer satisfaction and by timely delivery of orders. They also plan to expand their business to new geographic locations, namely Southern India, Bihar, Jharkhand, West Bengal etc. with the help of their marketing team.

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