Board approves Rs 170 Cr expansion and modernization plan
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.8 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Winsome Textile's board approved a Rs 170 Cr project to expand its Dye House and modernize spinning machinery. Spinning capacity rises from 108,288 to 110,352 spindles, while dyeing capacity increases about 26% from 12,715 to 15,972 MT per year. Current utilization is already high at 93% for spinning and 86% for dyeing. The plan also upgrades the Effluent Treatment Plant and sludge handling for environmental compliance. To be completed by 31 March 2028, funded through internal accruals and debt.
Positive growth signal; large capex may lift debt and pressure near-term cash flows, but high utilization supports revenue and order book expansion.