Newly listed textile stock Aastha Spintex eyes capacity expansion through Falcon Yarns acquisition

Newly listed Gujarat-based cotton yarn maker Aastha Spintex plans to more than double its spinning capacity from 7,700 MT to 17,457 MT and raise spindle capacity from 25,920 to 61,824 through the acquisition of Falcon Yarns, executed in three tranches. Falcon Yarns reported FY2025 revenue of about Rs 249.44 crore and net profit of Rs 1.37 crore. Aastha Spintex's net profit surged from Rs 1.1 crore in FY2023 to Rs 23 crore in FY2025, a two-year CAGR of 356%, while revenue grew at 21.2% CAGR to Rs 352 crore, with EBITDA margin expanding to 14.45% from 6.05%. Shares, listed on July 6, 2026, are currently trading below the IPO issue price of Rs 136 amid broader small-cap weakness.