TEXINFRA

Texmaco Infrastructure & Holdings Limited

Diversified holding company with real estate, mini hydro and other businesses

Services›Services›Commercial Services & Supplies›Diversified Commercial Services

texmaco.in

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Key metrics

Price as of 2026-10-16

Stock price

₹128.14

Market cap

1,633 Cr

Stock P/E

180.1

P/B

1.53

Dividend yield

0.1%

ROE (FY26)

1.0%

ROCE (FY26)

1.6%

Operating margin (FY26)

-40.9%

Debt / equity (FY26)

0.02

OCF / EBITDA (3Y)

-39.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Texmaco Infrastructure & Holdings is a Kolkata-based holding company of the Adventz (Zuari) Group whose earnings come from real estate, a mini hydro power business, job work services and trading goods, run largely through subsidiaries rather than as a single operating business.

Company snapshot

21stBy market cap

Ranked among 36 companies in Diversified Commercial Services.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 42.9% of revenue

Segment	Revenue share	Revenue	PBT	Assets
Job Work Services	42.9%	5 Cr	0.10 Cr	—
Mini Hydro	22.2%	3 Cr	0.24 Cr	—
Other-Unallocated	—	0 Cr	4 Cr	—
Real Estate	39.0%	5 Cr	-0.14 Cr	—
Trading Goods	—	0 Cr	0 Cr	—

Shares add up to 104% because segment revenues are before inter-segment eliminations.

What we see

Positives

✓Net margin of 63.9% — the business keeps a healthy share of every rupee it earns.

Concerns

✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Sept 2023	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	5 Cr	4 Cr	3 Cr	4 Cr	5 Cr	4 Cr	3 Cr	4 Cr	5 Cr	4 Cr	4 Cr	4 Cr
Operating expenses (approx.)	5 Cr	4 Cr	5 Cr	4 Cr	7 Cr	4 Cr	7 Cr	4 Cr	6 Cr	6 Cr	6 Cr	5 Cr
EBITDA	-0.05 Cr	-0.22 Cr	-1 Cr	-0.43 Cr	-3 Cr	0.05 Cr	-4 Cr	-0.44 Cr	-0.28 Cr	-2 Cr	-2 Cr	-2 Cr
OPM %	-1.0%	-5.6%	-40.6%	-11.3%	-56.9%	1.4%	-121.0%	-10.9%	-5.3%	-51.1%	-41.8%	-48.6%
Other income	4 Cr	2 Cr	2 Cr	2 Cr	7 Cr	2 Cr	6 Cr	6 Cr	9 Cr	4 Cr	4 Cr	5 Cr
Interest	0.60 Cr	0.60 Cr	0.66 Cr	0.66 Cr	0.69 Cr	0.61 Cr	0.60 Cr	0.59 Cr	0.59 Cr	0.62 Cr	0.56 Cr	0.47 Cr
Depreciation	0.64 Cr	0.63 Cr	0.63 Cr	0.61 Cr	0.61 Cr	0.60 Cr	0.61 Cr	0.62 Cr	0.49 Cr	0.63 Cr	0.90 Cr	0.59 Cr
Profit before tax	2 Cr	0.81 Cr	0.73 Cr	0.22 Cr	3 Cr	1 Cr	2 Cr	5 Cr	8 Cr	2 Cr	0.97 Cr	2 Cr
Tax %	16.1%	41.2%	-245.6%	-61.7%	17.3%	1005.7%	17.9%	28.6%	26.6%	28.8%	29.2%	29.7%
Net profit	2 Cr	0.48 Cr	3 Cr	0.36 Cr	3 Cr	-11 Cr	1 Cr	3 Cr	6 Cr	1 Cr	0.69 Cr	2 Cr
EPS (₹)	₹0.16	₹0.04	₹0.20	₹0.03	₹0.21	₹-0.89	₹0.11	₹0.26	₹0.47	₹0.08	₹0.05	₹0.13

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	24 Cr	18 Cr	19 Cr	19 Cr	15 Cr	19 Cr	17 Cr	16 Cr	16 Cr	17 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	17 Cr	14 Cr	17 Cr	17 Cr	15 Cr	26 Cr	18 Cr	18 Cr	23 Cr	22 Cr	Sign in free for the trailing twelve months
EBITDA	6 Cr	5 Cr	2 Cr	2 Cr	-0.72 Cr	-7 Cr	-1 Cr	-2 Cr	-7 Cr	-4 Cr	Sign in free for the trailing twelve months
OPM %	27.0%	25.9%	12.8%	10.4%	-4.9%	-38.3%	-8.4%	-13.6%	-44.9%	-25.7%	Sign in free for the trailing twelve months
Other income	11 Cr	10 Cr	11 Cr	11 Cr	17 Cr	11 Cr	9 Cr	10 Cr	17 Cr	24 Cr	Sign in free for the trailing twelve months
Interest	1 Cr	2 Cr	2 Cr	3 Cr	3 Cr	2 Cr	2 Cr	2 Cr	3 Cr	2 Cr	Sign in free for the trailing twelve months
Depreciation	3 Cr	3 Cr	3 Cr	3 Cr	3 Cr	3 Cr	3 Cr	3 Cr	2 Cr	3 Cr	Sign in free for the trailing twelve months
Profit before tax	23 Cr	12 Cr	30 Cr	-8 Cr	13 Cr	-86 Cr	3 Cr	4 Cr	6 Cr	15 Cr	Sign in free for the trailing twelve months
Tax %	6.7%	17.2%	10.0%	-34.2%	17.6%	-0.2%	-10.6%	-32.8%	210.0%	27.6%	Sign in free for the trailing twelve months
Net profit	21 Cr	10 Cr	27 Cr	-11 Cr	11 Cr	-86 Cr	3 Cr	5 Cr	-7 Cr	11 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹1.65	₹0.78	₹2.11	₹-0.86	₹0.87	₹-6.77	₹0.24	₹0.42	₹-0.57	₹0.86	Sign in free for the trailing twelve months
Dividend payout %	—	—	—	—	23.0%	—	31.5%	35.6%	—	17.2%	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	13 Cr	13 Cr	13 Cr	13 Cr	13 Cr	13 Cr	13 Cr	13 Cr	13 Cr	13 Cr
Reserves	652 Cr	707 Cr	630 Cr	548 Cr	615 Cr	654 Cr	623 Cr	1,470 Cr	1,313 Cr	1,054 Cr
Borrowings	0.71 Cr	26 Cr	23 Cr	22 Cr	22 Cr	24 Cr	22 Cr	24 Cr	23 Cr	21 Cr
Other liabilities	13 Cr	18 Cr	23 Cr	27 Cr	22 Cr	19 Cr	20 Cr	72 Cr	243 Cr	242 Cr
Total liabilities	678 Cr	765 Cr	689 Cr	611 Cr	671 Cr	710 Cr	679 Cr	1,580 Cr	1,592 Cr	1,331 Cr
Fixed assets (net)	69 Cr	69 Cr	67 Cr	65 Cr	64 Cr	65 Cr	63 Cr	66 Cr	45 Cr	50 Cr
CWIP	10 Cr	11 Cr	13 Cr	14 Cr	15 Cr	15 Cr	15 Cr	12 Cr	12 Cr	9 Cr
Investments	451 Cr	526 Cr	510 Cr	412 Cr	485 Cr	542 Cr	513 Cr	1,459 Cr	1,468 Cr	1,165 Cr
Loans & advances	—	—	62 Cr	73 Cr	58 Cr	47 Cr	40 Cr	16 Cr	13 Cr	11 Cr
Inventories	0.10 Cr	0.12 Cr	0.17 Cr	0.13 Cr	0.07 Cr	0.07 Cr	0.07 Cr	0.15 Cr	25 Cr	61 Cr
Trade receivables	2 Cr	2 Cr	2 Cr	3 Cr	4 Cr	2 Cr	1 Cr	0.10 Cr	0.03 Cr	0.43 Cr
Cash & bank	4 Cr	2 Cr	4 Cr	1 Cr	0.96 Cr	2 Cr	2 Cr	2 Cr	3 Cr	3 Cr
Other assets	142 Cr	154 Cr	32 Cr	42 Cr	44 Cr	38 Cr	45 Cr	25 Cr	25 Cr	32 Cr
Total assets	678 Cr	765 Cr	689 Cr	611 Cr	671 Cr	710 Cr	679 Cr	1,580 Cr	1,592 Cr	1,331 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	-0.95 Cr	2 Cr	7 Cr	-0.58 Cr	-8 Cr	-3 Cr	-2 Cr	3 Cr	184 Cr	16 Cr
Cash from investing	5 Cr	-26 Cr	4 Cr	5 Cr	14 Cr	10 Cr	6 Cr	-1 Cr	-177 Cr	-10 Cr
Cash from financing	-3 Cr	22 Cr	-9 Cr	-7 Cr	-6 Cr	-6 Cr	-4 Cr	-2 Cr	-6 Cr	-6 Cr
Net cash flow	1 Cr	-2 Cr	2 Cr	-2 Cr	-0.26 Cr	0.87 Cr	-0.21 Cr	0.06 Cr	2 Cr	-0.24 Cr
Free cash flow (OCF − Capex)	-5 Cr	-1 Cr	5 Cr	-2 Cr	-9 Cr	-5 Cr	-2 Cr	-0.58 Cr	180 Cr	-24 Cr

Ratios

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	3.5%	1.9%	4.9%	-0.9%	2.5%	-12.1%	0.7%	0.4%	0.7%	1.6%
ROE %	3.2%	1.4%	4.2%	-2.0%	1.8%	-12.9%	0.5%	0.4%	-0.5%	1.0%
Debtor days	32	50	39	67	88	32	23	2	1	9
Inventory days	2	2	3	3	2	5	1	3	582	1268
Days payable	9	19	28	45	55	153	24	23	33	29
Cash conversion cycle	24	33	15	25	35	-116	-0	-17	550	1248
OCF / EBITDA %	-14.7%	36.1%	280.5%	-29.9%	—	—	—	—	—	—
OCF / EBITDA % (3 years)	—	—	55.6%	87.1%	-39.4%	—	—	—	—	—
Debt / equity	0.0011	0.04	0.04	0.04	0.03	0.04	0.04	0.02	0.02	0.02
Current ratio	23.36	14.58	12.90	6.08	7.31	10.91	13.75	11.72	1.58	1.76
Net debt / EBITDA	-0.50	—	8.00	10.64	—	—	—	—	—	—