Sportking India Limited
NSE: SPORTKINGOther Textile Products
Share price
₹196.39
-2.64% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
61
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹2,553 Cr
P/E ratio
15.8
P/B ratio
2.4
ROCE
13.2%
ROE
12.2%
Dividend yield
0.5%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 5.6% over the past year, and 9.7% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 26.3% to 13.2% over the last four years.
Whether it grew faster than its sector
It grew 9.7% a year against a sector median of 7.2% — 2.5 percentage points faster.
Room to re-rate, or risk of de-rating
At 15.8× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 39.2×, across 5 companies. It is against its own five-year median of 10.9×, the 82nd percentile of its own range.
Whether growth justifies the valuation
Its earnings are falling, so growth cannot justify the price.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Sportking India Limited — this one | -8%/yr | 15.8× | — |
| K.P.R. Mill Limited | 2%/yr | 39.2× | ₹19.6 |
| Welspun Living Limited | 4%/yr | 77.4× | ₹19.4 |
| Vardhman Textiles Limited | -4%/yr | 17.7× | — |
| Trident Limited | -6%/yr | 28.2× | — |
| Indo Count Industries Limited | -23%/yr | 59.9× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Other Textile Products), it ranks 27 of 106 on returns, 32 of 103 on growth, 31 of 106 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 13.2% on capital, ahead of 75% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹1087 crore of cash from the business, spent ₹695 crore on plant and equipment, and returned ₹386 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 190 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back more slowly than it used to: it went from being waiting 70 days for its cash to waiting 96 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
8 of 9 checks clear · 89%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Profit more than doubled and the full-year revenue target was lifted to about ₹3,000 crore.
Announced 1 Aug 2026 · Standalone
Revenue
₹704 Cr
Revenue vs last year
+20.1%
Revenue vs last quarter
+10.5%
Net profit
₹76 Cr
Profit vs last year
+123.5%
Profit vs last quarter
+130.2%
Net margin
10.8%
EPS
₹5.98
Earnings call transcript · 3 Aug 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹2,553 Cr
- Prev close
- ₹196.39
- 52w High
- ₹242
- 52w Low
- ₹78.2
- Enterprise value
- ₹3,101 Cr
- Beta
- 1.6
- Price CAGR 1y
- 101.0%
- Price CAGR 3y
- 37.0%
- Price CAGR 5y
- 3.0%
- Price CAGR 10y
- —
Ratios
- Return on assets
- 6.9%
- PEG ratio
- -1.9
- P/E ratio
- 15.8
- P/B ratio
- 2.4
- EV / EBITDA
- 8.9
- Industry P/E
- 16.7
- ROCE
- 13.2%
- ROCE 5y average
- 21.2%
- ROE
- 12.2%
- Debt / Equity
- 0.5
- Interest coverage
- 4.2
- Dividend yield
- 0.5%
- ROE 3y average
- 11.0%
- ROE last year
- 12.0%
Annual P&L
- Annual revenue
- ₹2,495 Cr
- Annual profit
- ₹120 Cr
- Operating margin
- 12.0%
- Net profit margin
- 4.8%
- EBITDA margin
- 11.6%
- Sales growth 3y
- 4.2%
- Sales growth 5y
- 13.8%
- Profit growth 3y
- -8.0%
- Profit growth 5y
- 4.0%
- EPS
- ₹9.4
- Sales growth TTM
- 6.0%
- Profit growth TTM
- 37.0%
- Dividend payout
- 11.0%
Quarter P&L
- Sales latest quarter
- ₹704 Cr
- Profit latest quarter
- ₹76 Cr
- YoY quarterly sales growth
- 20.1%
- YoY quarterly profit growth
- 123.5%
- OPM latest quarter
- 18.8%
Balance Sheet
- Book Value
- ₹79.9
- Face Value
- ₹1.0
- Total debt
- ₹549 Cr
- Total cash
- ₹1 Cr
- Borrowings
- ₹549 Cr
- Reserves / Equity
- 78.9
Cash Flow
- Operating cash flow
- ₹292 Cr
- Free cash flow
- ₹211 Cr
- FCF yield
- 6.3%
- Net cash flow
- ₹0 Cr
Shareholding
- Promoter holding
- 74.4%
- FII holding
- 0.4%
- DII holding
- 0.0%
- Public holding
- 25.3%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| K P R Mill Ltd | 1,064.00 | 39.9 | 36,369 | 0.45 | 258.5 | 21.6 | 1,935.5 | 9.6 | 19.6 |
| Welspun Living | 226.15 | 76.7 | 21,366 | 0.04 | 162.6 | 83.6 | 2,795.5 | 23.7 | 6.3 |
| Vardhman Textile | 528.10 | 18.0 | 15,293 | 0.92 | 314.6 | 49.5 | 2,703.1 | 13.3 | 8.6 |
| Trident | 21.92 | 28.3 | 11,170 | 2.27 | 158.1 | 12.9 | 1,786.8 | 4.7 | 9.8 |
| Indo Count Inds. | 456.25 | 59.9 | 9,036 | 0.32 | 63.2 | 62.0 | 1,207.0 | 25.9 | 8.2 |
| Garware Tech. | 764.30 | 33.8 | 7,463 | 1.17 | 64.6 | 21.7 | 482.4 | 31.4 | 22.0 |
| Kusumgar | 589.95 | 49.3 | 6,194 | 0.00 | 41.9 | 882.6 | 241.9 | 93.6 | 18.8 |
| Sportking India | 195.75 | 15.4 | 2,488 | 0.50 | 76.0 | 122.8 | 703.7 | 20.1 | 13.2 |
| Median | 115.80 | 18.8 | 353 | 0.00 | 5.9 | 45.4 | 116.3 | 10.5 | 9.9 |
Competes with: Alok Industries Limited, Garware Technical Fibres Limited, Indo Count Industries Limited, K.P.R. Mill Limited, Kusumgar Limited, Trident Limited, Vardhman Textiles Limited, Welspun Living Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 539 | 628 | 599 | 611 | 634 | 652 | 610 | 629 | 586 | 627 | 646 | 637 | 704 |
| Expenses | 489 | 589 | 550 | 544 | 560 | 589 | 550 | 555 | 516 | 562 | 580 | 551 | 571 |
| Material Cost | 407 | 400 | 438 | 451 | 415 | 434 | |||||||
| Change in Inventories | 14 | -11 | -5.82 | 0.23 | 11 | 2.79 | |||||||
| Purchases of Stock-in-Trade | 0.82 | 1.15 | 0.08 | 1.10 | 0 | 0.25 | |||||||
| Employee Cost | 36 | 38 | 34 | 35 | 36 | 39 | |||||||
| Other Expenses | 96 | 88 | 95 | 93 | 90 | 95 | |||||||
| Operating Profit | 50 | 40 | 49 | 67 | 74 | 63 | 59 | 74 | 69 | 65 | 66 | 85 | 132 |
| OPM % | 9.24 | 6.30 | 8.13 | 11 | 12 | 9.60 | 9.72 | 12 | 12 | 10 | 10 | 13 | 19 |
| Other Income | 5 | 20 | 8 | 3 | 7 | 8 | 3 | 9 | 12 | 8 | 3 | -8 | 2 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest | 10 | 16 | 16 | 17 | 15 | 11 | 15 | 9 | 11 | 12 | 12 | 10 | 9 |
| Depreciation | 20 | 22 | 22 | 22 | 22 | 22 | 23 | 23 | 24 | 24 | 24 | 23 | 24 |
| Profit before tax | 24 | 21 | 19 | 32 | 44 | 38 | 25 | 50 | 46 | 38 | 33 | 44 | 102 |
| Tax % | 25 | 27 | 26 | 28 | 27 | 21 | 25 | 29 | 27 | 25 | 25 | 26 | 26 |
| Net Profit | 18 | 16 | 14 | 23 | 32 | 30 | 18 | 35 | 34 | 28 | 25 | 33 | 76 |
| EPS in Rs | 1.43 | 1.22 | 1.09 | 1.80 | 2.50 | 2.35 | 1.46 | 2.78 | 2.68 | 2.22 | 1.94 | 2.58 | 5.98 |
| Diluted EPS in Rs | 2.81 | 2.77 | 2.22 | 1.94 | 2.55 | 5.98 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,127 | 1,035 | 1,010 | 1,053 | 1,160 | 1,354 | 1,305 | 2,153 | 2,204 | 2,377 | 2,524 | 2,496 | 2,614 |
| Expenses | 993 | 909 | 892 | 952 | 1,031 | 1,218 | 1,094 | 1,554 | 1,922 | 2,168 | 2,253 | 2,205 | 2,265 |
| Material Cost | 1,758 | 1,706 | |||||||||||
| Change in Inventories | 0.70 | -5.75 | |||||||||||
| Purchases of Stock-in-Trade | 1.27 | 2.33 | |||||||||||
| Employee Cost | 143 | 142 | |||||||||||
| Other Expenses | 358 | 365 | |||||||||||
| Operating Profit | 134 | 126 | 118 | 101 | 129 | 136 | 211 | 599 | 282 | 209 | 271 | 290 | 349 |
| OPM % | 12 | 12 | 12 | 10 | 11 | 10 | 16 | 28 | 13 | 9 | 11 | 12 | 13 |
| Other Income | 17 | 4 | 14 | 13 | 2 | 3 | -3 | 24 | -18 | 36 | 27 | 15 | 5 |
| Exceptional items (within Other Income) | 0 | 0 | |||||||||||
| Interest | 79 | 51 | 40 | 29 | 39 | 58 | 38 | 32 | 26 | 63 | 54 | 50 | 43 |
| Depreciation | 70 | 59 | 58 | 56 | 54 | 63 | 52 | 44 | 48 | 86 | 90 | 94 | 94 |
| Profit before tax | 3 | 20 | 35 | 29 | 38 | 18 | 118 | 547 | 190 | 96 | 154 | 161 | 217 |
| Tax % | -204 | 44 | 37 | 34 | 36 | 32 | 28 | 25 | 30 | 27 | 26 | 26 | |
| Net Profit | 8 | 11 | 22 | 19 | 24 | 12 | 85 | 409 | 132 | 70 | 113 | 120 | 162 |
| EPS in Rs | 0.56 | 0.80 | 1.53 | 1.35 | 1.69 | 0.87 | 6.37 | 31 | 9.93 | 5.54 | 8.90 | 9.42 | 13 |
| Diluted EPS in Rs | 8.57 | 9.39 | |||||||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 11 | 11 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 9%
- 5 years
- 14%
- 3 years
- 4%
- TTM
- 6%
Compounded profit growth
- 10 years
- 27%
- 5 years
- 4%
- 3 years
- -8%
- TTM
- 37%
Stock price CAGR
- 10 years
- —
- 5 years
- 3%
- 3 years
- 37%
- 1 year
- 101%
Return on equity
- 10 years
- 20%
- 5 years
- 22%
- 3 years
- 11%
- Last year
- 12%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 142 | 153 | 179 | 198 | 237 | 249 | 353 | 677 | 809 | 812 | 917 | 1,026 |
| Borrowings | 537 | 571 | 592 | 479 | 505 | 573 | 504 | 615 | 552 | 953 | 663 | 549 |
| Other Liabilities | 95 | 84 | 95 | 143 | 360 | 141 | 171 | 249 | 201 | 185 | 183 | 157 |
| Total Liabilities | 778 | 811 | 869 | 823 | 1,105 | 966 | 1,032 | 1,554 | 1,575 | 1,963 | 1,776 | 1,744 |
| Fixed Assets | 442 | 399 | 340 | 293 | 471 | 466 | 417 | 382 | 757 | 786 | 759 | 729 |
| CWIP | 10 | 2 | 7 | 24 | 33 | 0 | 0 | 73 | 7 | 0 | 5 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14 |
| Other Assets | 326 | 410 | 521 | 507 | 601 | 499 | 615 | 1,099 | 811 | 1,177 | 1,012 | 986 |
| Total Assets | 778 | 811 | 869 | 823 | 1,105 | 966 | 1,032 | 1,554 | 1,575 | 1,963 | 1,776 | 1,744 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 243 | 23 | 111 | 139 | 97 | 148 | 103 | 96 | 520 | -236 | 415 | 292 |
| Cash from Investing Activity | -25 | -10 | -5 | -37 | -106 | -142 | -3 | -103 | -392 | -46 | -67 | -94 |
| Cash from Financing Activity | -219 | -13 | -108 | -101 | 8 | -5 | -101 | 7 | -117 | 271 | -349 | -198 |
| Net Cash Flow | -2 | 0 | -2 | 0 | -0 | 1 | -1 | -0 | 11 | -10 | -1 | 0 |
| Free Cash Flow | 217 | 15 | 104 | 101 | -10 | 4 | 99 | 17 | 156 | -340 | 348 | 211 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 21 | 17 | 55 | 46 | 61 | 48 | 59 | 70 | 39 | 55 | 66 | 58 |
| Inventory Days | 78 | 146 | 173 | 148 | 150 | 85 | 129 | 163 | 88 | 138 | 90 | 84 |
| Days Payable | 14 | 10 | 12 | 42 | 83 | 31 | 40 | 39 | 24 | 19 | 19 | 13 |
| Cash Conversion Cycle | 85 | 153 | 216 | 151 | 128 | 102 | 148 | 194 | 102 | 174 | 137 | 129 |
| Working Capital Days | 9 | 13 | 17 | 13 | -35 | 13 | 39 | 70 | 69 | 81 | 88 | 96 |
| ROCE % | 11 | 10 | 10 | 8 | 11 | 10 | 21 | 53 | 18 | 10 | 12 | 13 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
exports as % of revenue
50.00
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
548inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
41,72,939inr
2026-03-31
News
News and filings about Sportking India Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- Manmade fibre (polyester, acrylic)
- Raw cotton
Depends on the price of
- cotton
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Textiles
- Industry
- Other Textile Products
- Classification
- Textiles › Other Textile Products
- ISIN
- INE885H01029
Plants
- Sportking Industries (Ludhiana/Bathinda, Punjab)
- Sportking Processors · Ludhiana, Punjab
- Sportking Synthetics · Ludhiana, Punjab
News impact
Big market events that reach Sportking India Limited, and how the effect spreads.
1 Oct, 00:12 IST · Market event · medium impact
RoSCTL scheme extended by three months till December 31 for textile exporters
The government kept tax refunds for textile exporters till December 31, helping exporters like Sportking and Trident protect margins, with no direct losers.
Who it hits first
- The government extended the RoSCTL export refund scheme by three months till December 31, so textile exporters keep getting refunds of hidden taxes built into their costs.
- Gokaldas Exports and Kitex Garments, which stitch clothes for foreign brands, keep a tax refund on every export order for three more months.
- Welspun Living and Trident, which make bedsheets and towels for world retailers like IKEA, keep their export margins instead of losing the refund.
- Vardhman Textiles and K.P.R. Mill, which spin yarn and make fabric for export, also keep the refund benefit through December.
Who may gain
- Sportking India (spins yarn, 50% exports) — keeps refunds on half its sales
- Vardhman Textiles (spins yarn, 47% exports) — keeps tax refunds on export sales
- Trident (towels and bedsheets, 53% exports) — keeps refunds on majority-export sales
- Welspun Living (bedsheets, 41% exports) — keeps refunds, though the promoter sold shares recently
- K.P.R. Mill (yarn and garments) — keeps refunds on export orders
- Gokaldas Exports and Kitex Garments (garment stitchers) — keep refunds but weak finances cap the cheer
- Jindal Worldwide (90% exports) and Nitin Spinners (65.2% exports) — top exporters keep refunds
Along the supply chain
Downstream
Downstream, world retailers such as IKEA, which buys bedsheets from Welspun Living and Trident, keep getting Indian goods at steady prices, so no price or supply change for foreign shoppers.
Upstream
Upstream, yarn and fabric suppliers such as Sanathan Textiles and GHCL Textiles, which sell thread and cloth to exporters like Welspun Living, see steady orders as exporters keep shipping through December.
Where demand moves
Business
Foreign clothing brands keep placing orders with Indian stitchers and mills, and the refund keeps Indian prices competitive, so export orders hold up through December.
Capital
Investors are likely to add to shares of high-export textile mills such as Vardhman, Trident and Sportking as three more months of refunds protect profits, while domestic-focused clothing sellers see little fresh interest.
How it spreads across sectors
Capital Goods
Steady exporter output keeps demand for spinning machines and looms stable through December.
Textiles
Garment, home-textile and yarn exporters keep refund margins for three more months; domestic-only sellers unaffected.
When it plays out
Immediate
Textile exporter shares edge up as the refund safety net stays till December; high-export names move first.
Medium term
Effect fades after December unless extended again; mills then face the same refund cliff in January.
Short term
Exporters ship December orders with refunds intact and book slightly better margins for the quarter.
16 Aug, 04:30 IST · Market event · medium impact
Indian textile makers face a margin squeeze as higher wages meet rising cotton, yarn and petrochemical prices, forcing companies to absorb inflation and rethink expansion
Cloth and garment makers are paying more for cotton, yarn and man-made fibre at the same time as wage bills rise, and they cannot pass all of it on - so profits get squeezed hardest at spinners, where raw cotton is almost the entire cost.
Who it hits first
- Spinners take the squeeze first and hardest because raw cotton is close to their entire cost base - Nitin Spinners at 91.3% and Sportking at 69.65%
- Garment makers and retailers face the same inflation one step later, through higher fabric and garment sourcing costs plus their own wage bills
- Companies are reported to be rethinking expansion plans, which converts a margin story into a deferred capital-expenditure story
Who may gain
- Cotton growers and agricultural commodity traders capture the higher raw cotton price
- Man-made fibre producers gain if buyers substitute polyester for expensive cotton, though rising petrochemical prices blunt that advantage
- Vertically integrated players that grow or contract their own cotton supply are relatively better placed than merchant buyers
Along the supply chain
Downstream
Garment brands and apparel retailers face higher fabric and finished-garment sourcing costs with a lag of roughly a quarter; export-facing garment makers are squeezed hardest because overseas buyers negotiate on annual contracts and will not accept a mid-contract price rise.
Upstream
Cotton growers, ginners and agricultural traders are the winners of this move - they sell the input whose price is rising, and the reported absorption by manufacturers means their volumes are not falling. Man-made fibre producers face their own petrochemical cost inflation, so they cannot undercut cotton as cheaply as usual.
Where demand moves
Business
Higher raw cotton prices move up the chain from ginners to spinners to weavers to garment makers to retailers, with each step absorbing part of the increase because the step below will not accept a full pass-through. The reported response is that manufacturers are absorbing the inflation rather than repricing, which means the demand for cotton itself does not fall - the volume keeps flowing, only the profit split changes, shifting value from converters back to raw cotton sellers.
Capital
Money exits the cost-exposed spinners and leveraged garment retailers and rotates towards the vertically integrated and low-debt names within the same sector, and towards sectors with no raw material inflation this quarter. Because companies are also deferring expansion, capital that would have funded new spindles stays uncommitted, which is a second-order negative for textile machinery suppliers.
How it spreads across sectors
Consumer Services
apparel retailers absorb higher garment sourcing costs on top of their own wage and rent inflation
Textiles
margin compression concentrated in spinners where cotton is nearly the whole cost base, plus deferred capacity expansion
Commodity angle
Commodity
cotton
Commodity move unresolved reason
the ranker read a +1.92% move for cotton, marginally inside its +/-2% deadband, so per-company signs fall back to the edge role; the Neo4j 1-month change of +3.82% is used for the margin impact calculation and both point the same way (cotton rising, consumers hurt), so the direction is not in doubt
Price updated at
2026-08-14T11:56:36.673Z
Shock type
cost
Unit
USD/lb
When it plays out
Immediate
Spinner margins compress in the current quarter with no offsetting price rise available
Medium term
Deferred expansion plans mean less new spinning capacity in 12-18 months, which would eventually tighten yarn supply and restore pricing power to the survivors
Short term
Watch whether yarn prices catch up to raw cotton - that lag of about a quarter is what determines whether the squeeze is temporary or structural
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 4 Sep 2026 | unspecified | ₹1 |
|---|---|---|
| 22 Aug 2025 | unspecified | ₹1 |
| 13 Sep 2024 | split | ₹0 |
| 9 Aug 2024 | unspecified | ₹5 |
Splits, bonuses & buybacks
- daily-prices repair: 7 rows from NSE's archive (replace 2, delete 0, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 31 Aug 2026 | SHAKTI JINDAL · Employees Immediate Relative | BUY | 19,000 | — |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2624 Aug 2026
- Earnings call · Q1FY273 Aug 2026
- Results presentation30 Jun 2026
- Earnings call · Q4FY2619 May 2026
- Earnings call · Q3FY269 Feb 2026
- Earnings call · Q2FY2612 Nov 2025
- Annual report · 2024-255 Aug 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.