Operates as a trading business rather than a textile manufacturer, despite its exchange classification under textiles and apparels. Segment data for the period ending 30 September 2021 shows two revenue streams: trading in shares and securities (Rs 0.84 crore, 85.4% of segment revenue) and trading in fabric (Rs 0.14 crore, 14.6%). The FY26 results filing attributes that year's Rs 21,635.17 lakh in revenue to the bullion and trading business, indicating the commercial mix has since shifted toward bullion rather than fabric. Costs are dominated by other operating expenses (0.9% of revenue) and employee costs (0.1% of revenue), with materials and depreciation at 0%, consistent with a pure trading model rather than manufacturing. Total assets stood at Rs 125.32 crore, net profit at Rs 7.89 crore and EBITDA margin around 4.98% in FY26. The audited FY26 results flag trade receivables of Rs 9,299.77 lakh as a working-capital concern. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Trading in shares and securities (85%), Trading in fabric (15%), Bullion trading. Asset-light trading business with minimal physical inputs or workforce
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3 | 13 | 7 | 74 | 216 |
| EBITDA (ex other income) | — | (0) | (0) | 2 | 11 |
| margin % | — | (0.0) | (2.1) | 3.3 | 5.0 |
| Owners' profit | — | 0 | 0 | 2 | 8 |
| EPS, as reported (₹) | (1.41) | 0.88 | 0.41 | 1.29 | 5.15 |
| ROE % · ROCE % | — · (5.7) | 2.7 · 3.9 | 1.2 · 0.9 | 3.4 · 4.6 | 13.0 · 17.6 |
| Debt / equity (x) | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (1) | (2) | 0 | (40) | (0) |
| Capex | — | (0) | (0) | (0) | 0 |
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 13 | 7 | 0 | 27 | 47 | 48 | 169 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 10 |
| Net profit | 0 | 0 | — | 0 | — | 2 | 0 | 8 |
| EPS (₹) | 0.21 | 0.67 | 0.27 | 0.28 | 0.37 | 0.92 | 0.24 | 4.91 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,974 | 41.6 | 6.66 | 27.5 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 19,663 | 71.5 | 3.95 | 25.3 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 16,368 | 19.0 | 1.55 | 12.4 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,965 | 30.1 | 2.51 | 14.5 | 7.9 | 8.6 | 8.1 | 17.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · All 7 Resolutions Passed at 17th AGM; 17.22 Percent Voting Turnout | board shareholder meetings | minimal | — | — |
| 10 Sept 2026 · 17th AGM held on Sep 10, 2026; 7 resolutions including MD regularization | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Board appoints Mr. Belim Rifaqathussain Mehboobbhai as new Chief Financial Officer | management changes | high | — | — |
| 24 Aug 2026 · Aayush Art and Bullion appoints new Chief Financial Officer | results | medium | — | — |
| 21 Aug 2026 · New Company Secretary appointed; CFO resigns citing personal reasons | management changes | medium | — | — |
| 21 Aug 2026 · CFO resigns, new Company Secretary appointed | management changes | high | — | — |
| 21 Aug 2026 · New CS appointed, CFO resigns citing personal reasons | management changes | medium | — | — |
| 14 Aug 2026 · 17th AGM notice and FY26 annual report filed; 7 resolutions on agenda | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Book closure for 17th AGM from 4 to 10 Sep 2026 | corporate actions | low | — | — |
| 14 Aug 2026 · Board Meeting Outcome: AGM Notice and Borrowing Limits up to Rs 100 Cr | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| INDO COUNT INDUSTRIES LTD |
| 8,757 |
| 58.0 |
| 3.72 |
| 21.1 |
| 5.4 |
| 5.4 |
| 10.5 |
| 13.3 |
| GARWARE TECH FIBRES LTD | 7,675 | 37.1 | 5.67 | 24.0 | 14.7 | 18.7 | 8.1 | 20.5 |
| JINDAL WORLDWIDE LTD | 5,314 | 63.1 | 6.17 | 40.6 | 8.1 | 9.0 | 6.1 | 8.7 |
| RAYMOND LIFESTYLE LIMITED | 4,213 | 97.2 | 0.44 | 7.7 | 0.5 | 0.7 | — | 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 195.0 | 14.8 | 198 of 205 | 3% |
| P/B | 31.6 | 1.3 | 181 of 183 | 1% |
| ROCE | 17.6 | 4.2 | 25 of 227 | 89% |
| ROE | 13.0 | 4.8 | 45 of 214 | 79% |
| Debt / Equity | 0.0 | 0.3 | 22 of 214 | 78% |
| EBITDA margin | 6.1 | 9.8 | 131 of 198 | 34% |
| Revenue growth | 98860.9 | 6.9 | 2 of 192 | 100% |
| Profit growth | 4076.0 | 20.0 | 5 of 203 | 98% |
| Market cap | 1923 | 63 | 19 of 221 | 92% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
