Texmaco Infrastructure & Holdings Ltd

Texmaco's capital structure is characterized by a low debt-to-equity ratio of 0.02, indicating a conservative leverage position relative to its equity base of INR 14,829.91 crore. The company's liquidity is assessed as medium, with a current ratio of 11.72, suggesting strong short-term liquidity but with a note that net cash is negative after subtracting total debt. This implies that while the company has substantial current assets, its cash position is constrained by debt obligations.

Profitability metrics show a return on equity (ROE) of 0.17% and a return on assets (ROA) of 0.16%, both of which are below the typical thresholds for healthy returns in the real estate development and operations industry. These figures suggest that Texmaco is not generating significant returns relative to its equity and asset base, which could be a concern for investors seeking higher returns.

Texmaco's revenue is concentrated in the real estate development and operations segment, with no disclosed geographic diversification in the provided data. This concentration may expose the company to regional economic fluctuations and regulatory changes specific to its primary operating area.

The company's growth trajectory is not clearly defined in the available data, as there are no specific revenue growth projections or historical growth rates provided for the current or next fiscal year. However, the operating cash flow of INR 3.46 crore and capital expenditure of INR 4.04 crore suggest ongoing investment in the business, which could support future growth.

Risk factors include the company's medium liquidity risk, as noted in the risk assessment, and the potential for dilution, although it is currently assessed as low. The negative net cash position after subtracting total debt is a key flag that could impact the company's ability to meet short-term obligations without additional financing.

Recent events and filings are not detailed in the provided data, so no specific recent developments can be cited. However, the company's financial snapshot indicates ongoing operations with a net income of INR 2.50 crore despite an operating loss of INR 2.02 crore, suggesting that non-operating income or gains may be contributing to profitability.

Net margin of 0.73% ranks best-in-class against the 0.087% cohort median for real estate developers.

Debt-to-equity ratio of 0.02 is above the 75th percentile, indicating significantly lower leverage than peers.

Cash conversion of 1.38 exceeds the cohort median of 0.29, suggesting superior cash generation efficiency.

Revenue grew 7.6% year-over-year in the latest period, reversing the previous four-year decline trend.

Dilution and credit risks are assessed as low, providing a stable capital structure foundation.

Operating margin of -0.59% places the company in the bottom quartile of its real estate cohort.

Revenue has declined at a 4.5% CAGR over the last four years, indicating structural weakness.

Revenue INR 160.8M, −2,7% YoY; Operating income −16,7% YoY.

• ▍Revenue INR 160.8M, −2,7% YoY
• ▍Operating income −16,7% YoY
• ▍Net income +73,1% YoY
• ▍Free cash flow −121,9% YoY
• ▍Net margin 33.4%

Revenue INR 165.3M, −13,5% YoY; Operating income +96,0% YoY.

• ▍Revenue INR 165.3M, −13,5% YoY
• ▍Operating income +96,0% YoY
• ▍Net income +103,6% YoY
• ▍Free cash flow +103,5% YoY
• ▍Net margin 18.8%

Revenue INR 191.1M, +29,6% YoY; Operating income −2 718,6% YoY.

• ▍Revenue INR 191.1M, +29,6% YoY
• ▍Operating income −2 718,6% YoY
• ▍Net income −878,8% YoY
• ▍Free cash flow −1 830,0% YoY
• ▍Net margin -451.2%