BSE: 532806
AI CHAMPDANY INDUSTRIES LTD.
Makes jute and flax products along with jute-blended yarns and fabrics, operating from Kolkata under a business established in 1873. The company reports two main product lines: Jute/Jute Diversified Products (jute goods, blended yarns and fabrics) and Flax Products. For the quarter ended March 31, 2026, Jute/Jute Diversified Products generated Rs 18.37 crore of segment revenue and Flax Products Rs 1.59 crore, with both segments reporting negative EBIT. FY26 consolidated revenue from operations was Rs 210.40 crore against a net profit of Rs 1.78 crore, a swing from a prior-year loss. The biggest cost line is raw materials at 49.9% of revenue, followed by employee cost at 23.6%. The jute industry is going through a tough period, with the company itself running two manufacturing units under prolonged suspension due to raw jute shortage and high prices, three older units suspended due to labour unrest and obsolete machinery, and the Flax unit at Jagadal undergoing a major overhaul expected to restart by year-end. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Jute/Jute Diversified Products, Flax Products, Others. Cyclical, commodity-driven jute and flax manufacturing with a stressed balance sheet and currently loss-making at the operating-segment level.
Exhibit 1: Financial summary, FY20–FY24 (all audited; no estimate years)
| ₹ crore · consolidated | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 128 | 66 | 44 | 49 | 44 |
| EBITDA (ex other income) | 9 | (14) | (3) | (42) | (45) |
| margin % | 7.1 | (20.7) | (6.3) | (85.5) | (100.9) |
| Owners' profit | (0) | (17) | (3) | 15 | (40) |
| EPS, as reported (₹) | (0.07) | (5.71) | (1.10) | 4.81 | (12.91) |
| ROE % · ROCE % | (0.3) · 3.3 | (24.8) · (5.4) | (4.7) · (0.6) | 18.8 · 7.9 | (90.2) · (23.0) |
| Debt / equity (x) | 0.73 | 1.08 | 0.90 | 0.36 | 0.95 |
| Cash from operations | — | (12) | (10) | (12) | (29) |
| Capex | — | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY23 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | 12 | 17 | 8 | 7 | 20 | 9 | 11 |
| Profit before tax | (3) | (1) | 18 | (1) | (1) | 7 | (45) | (10) |
| Net profit | (3) | (1) | 21 | (5) | (1) | 7 | (41) | (11) |
| EPS (₹) | (0.90) | (0.31) | 6.76 | (1.65) | (0.31) | 2.41 | (13.36) | (3.44) |
Exhibit 3: Segment revenue, FY24
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| JUTE/JUTE DIVERSIFIED PRODUCTS | 15 | 34.5 |
| FLAX PRODUCTS | 3 | 6.3 |
| JUTE /JUTE DIVERSIFIED PRODUCTS | 19 | 43.1 |
| JUTE AND JUTE DIVERSIFIED PRODUCTS | 6 | 13.3 |
| PLAX PRODUCTS | 1 | 2.7 |
| Total, before eliminations | 44 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CHEVIOT COMPANY LIMITED | 626 | 9.2 | 0.89 | — | 7.3 | 9.5 | — | 33.7 |
| GLOSTER LIMITED | 564 | 44.0 | 0.52 | 8.8 | 1.7 | 1.9 | 23.7 | 9.5 |
| LUDLOW JUTE & SPECIALITIES LTD | 313 | 16.1 | 1.68 | — | 8.7 | 8.8 | — | 7.7 |
| AI CHAMPDANY INDUSTRIES LTD. ◆ | 58 | — | 1.33 | — | (90.2) | (23.8) | — | (78.3) |
| GRAMEVA LIMITED | 34 | 11.9 | 2.99 | — | 26.9 | 28.9 | — | 2.8 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 1.3 | 1.1 | 14 of 22 | 38% |
| ROCE | (23.8) | 5.2 | 30 of 31 | 3% |
| ROE | (90.2) | 5.0 | 23 of 23 | 0% |
| Debt / Equity | 0.9 | 0.6 | 18 of 23 | 23% |
| EBITDA margin | (78.3) | 6.6 | 21 of 22 | 5% |
| Revenue growth | 39.8 | 16.3 | 6 of 24 | 78% |
| Profit growth | (109.8) | 26.4 | 24 of 28 | 15% |
| Market cap | 58 | 24 | 7 of 32 | 81% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Postal ballot approves Jayanta Jash as independent director | compliance | minimal | — | — |
| 26 Oct 2026 · Independent director continuation approved by postal ballot | management changes | medium | — | — |
| 9 Oct 2026 · Reg 74(5) compliance certificate for dematerialisation quarter ended Sept 2026 | compliance | minimal | — | — |
| 28 Sept 2026 · Trading window closed ahead of Q2 FY26 results | compliance | minimal | — | — |
| 25 Sept 2026 · Submission of Postal Ballot Notice newspaper publication | compliance | minimal | — | — |
| 25 Aug 2026 · 108th AGM Proceedings Held Via Video Conferencing On 22 Aug 2026 | board shareholder meetings | low | — | — |
| 24 Aug 2026 · All 3 resolutions passed at 108th AGM | board shareholder meetings | low | — | — |
| 22 Aug 2026 · 108th AGM outcome - 3 resolutions transacted | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Q1 FY27 Results: Net Loss of Rs 561.39 Lacs versus Profit Last Year | results | medium | — | — |
| 6 Aug 2026 · Board meeting on 13 Aug 2026 to approve Q1 FY27 results | results | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | 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 |
Sources, method and disclosures
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.