NSE: ALOKINDS · BSE: 521070
ALOK INDUSTRIES LIMITED
Operates textile manufacturing across 9 plants in India with a workforce of about 17,000, selling textile products to customers in 51 countries. Textiles is the sole reported revenue segment. Consolidated revenue in FY26 was Rs 3,714.79 crore (standalone: Rs 3,525.30 crore), and Q1 FY27 revenue grew 6.5% year-on-year to Rs 993.11 crore. The cost mix is led by raw materials at 49.5% of revenue, followed by other operating expenses (35.1%) and employee costs (13.3%), with depreciation adding 7.1%. Reported a net loss of Rs 744.11 crore in FY26 and EBITDA of Rs 103 crore, leaving EBITDA margin at 3.6%. The balance sheet carries deeply negative other equity of Rs (22,024.32) crore from accumulated losses of Rs 24,993 crore, with Q1 FY27 finance costs alone at Rs 150.91 crore. A Silvassa plant suffered tornado damage, partly offset by an insurance gain of Rs 17.20 crore. Reliance Industries is the promoter. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Textiles (100%). Textile manufacturer with deeply negative equity from accumulated losses and ongoing operational restructuring
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 7,310 | 6,937 | 5,510 | 3,709 | 3,715 |
| EBITDA (ex other income) | 565 | (78) | 49 | 5 | 60 |
| margin % | 7.7 | (1.1) | 0.9 | 0.1 | 1.6 |
| Owners' profit | (209) | (993) | (847) | (816) | 0 |
| EPS, as reported (₹) | (0.42) | (1.77) | (1.71) | (1.64) | (1.50) |
| ROE % · ROCE % | 1.2 · 5.9 | 4.7 · (12.4) | 4.3 · (5.4) | 4.0 · (4.8) | 3.5 · (3.1) |
| Debt / equity (x) | (1.36) | (1.28) | (1.32) | (1.26) | (1.21) |
| Cash from operations | 185 | 813 | (1,161) | 116 | 419 |
| Capex | (107) | (44) | (36) | (79) | (242) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 886 | 864 | 953 | 932 | 941 | 858 | 983 | 993 |
| Profit before tax | (262) | (268) | (74) | (171) | (162) | (217) | (193) | (138) |
| Net profit | (262) | (273) | (74) | (172) | (162) | (218) | (193) | (138) |
| EPS (₹) | (0.53) | (0.55) | (0.15) | (0.35) | (0.33) | (0.44) | (0.39) | (0.28) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,325 | 40.9 | 6.55 | 27.0 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,367 | 74.1 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,669 | 17.0 | 1.39 | 11.3 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 10,870 | 27.4 | 2.28 | 13.4 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,471 | 56.1 | 3.60 | 20.4 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,310 | 35.3 | 5.40 | 22.9 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,207 | 22.0 | 2.80 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,178 | 68.8 | 2.23 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | (18.0) | 4.3 | 204 of 215 | 5% |
| EBITDA margin | 8.0 | 9.8 | 119 of 198 | 40% |
| Revenue growth | 6.5 | 6.9 | 98 of 192 | 49% |
| Profit growth | 19.4 | 20.0 | 103 of 203 | 50% |
| Market cap | 4126 | 61 | 9 of 223 | 96% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 16 Oct 2026 · Alok Industries Q2 loss widens to Rs 206 Cr even as revenue rises | compliance | minimal | — | — |
| 15 Oct 2026 · Alok Industries Q2 FY27: Loss Widens to Rs 208 Cr on Consolidated Basis | results | high | — | — |
| 15 Oct 2026 · Alok Industries Q2 FY27: net loss widens to Rs 208 cr on consolidated basis | results | high | — | — |
| 9 Oct 2026 · Alok Industries completes sale of 100% stake in Mileta a.s. | strategic transactions | high | — | — |
| 9 Oct 2026 · Special window for transfer and demat of physical shares | compliance | minimal | — | — |
| 8 Oct 2026 · RTA compliance certificate for dematerialisation of securities | compliance | minimal | — | — |
| 8 Oct 2026 · Board meeting on Oct 15 to consider Q2 and H1 FY26 results | results | low | — | — |
| 30 Sept 2026 · Trading window closed ahead of Q2 FY26 results | compliance | minimal | — | — |
| 4 Sept 2026 · JMFARC sells 3.07% of Alok Industries via open market | ownership changes | medium | — | — |
| 28 Aug 2026 · Alok Industries responds to NSE volume movement query | compliance | 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.