NSE: AMARJOTHI · BSE: 521097
AMARJOTHI SPINNING MILL L
Operates two divisions: a textile spinning business and a wind power generation business, with textiles as the main line. For the period ended 2021-12-31, the textile division generated Rs 189.17 crore (90.2% of segment revenue) at a 9.4% EBIT margin, while the wind power division contributed Rs 20.62 crore (9.8%) at a 74.7% EBIT margin. Consolidated FY26 revenue stood at Rs 222.15 crore with net profit of Rs 9.52 crore, and revenue was lower than the prior year. The cost structure is dominated by raw materials at 65.9% of revenue, followed by other operating expenses at 17.2% and employee cost at 10.0%. The consolidated group includes subsidiary RPJ Textiles Ltd. Capex in FY26 was Rs 3.40 crore, equal to 1.5% of revenue. The board has recommended a dividend of Rs 2.20 per share (22% on face value of Rs 10) for FY26. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Textile division (90%), Wind power division (10%). Asset-heavy consumer textiles with a high-margin renewable energy side-line.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 257 | 210 | 202 | 230 | 222 |
| EBITDA (ex other income) | 36 | 31 | 29 | 32 | 29 |
| margin % | 13.9 | 14.5 | 14.3 | 13.7 | 13.3 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 32.26 | 15.25 | 12.12 | 16.81 | 14.11 |
| ROE % · ROCE % | 12.7 · 11.5 | 5.7 · 10.0 | 4.2 · 8.5 | 5.9 · 9.6 | 4.8 · 8.3 |
| Debt / equity (x) | 0.58 | 0.35 | 0.34 | 0.27 | 0.28 |
| Cash from operations | 13 | 34 | 9 | 14 | 9 |
| Capex | (34) | (3) | (3) | (1) | (3) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 79 | 53 | 41 | 57 | 53 | 47 | 28 | 94 |
| Profit before tax | 4 | 4 | 3 | 6 | 3 | 3 | 2 | 7 |
| Net profit | 3 | 3 | 2 | 5 | 3 | 3 | 1 | 6 |
| EPS (₹) | 4.87 | 4.81 | 3.27 | 7.17 | 3.85 | 3.95 | 2.13 | 8.22 |
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 |
|---|---|---|---|---|
| P/E (TTM) | 8.5 | 16.8 | 42 of 179 | 77% |
| P/B | 0.5 | 1.1 | 37 of 185 | 79% |
| ROCE | 5.5 | 4.3 | 98 of 215 | 55% |
| ROE | 4.8 | 4.7 | 92 of 188 | 51% |
| Debt / Equity | 0.3 | 0.4 | 81 of 188 | 57% |
| EBITDA margin | 11.5 | 9.8 | 85 of 198 | 57% |
| Revenue growth | 66.3 | 6.9 | 29 of 192 | 85% |
| Profit growth | 14.6 | 20.0 | 112 of 203 | 45% |
| Market cap | 104 | 61 | 90 of 223 | 60% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · No investor complaints reported for quarter ended September 2026 | compliance | minimal | — | — |
| 17 Oct 2026 · Board meeting on Oct 30, 2026 to approve Q2 FY26-27 results | board shareholder meetings | low | — | — |
| 13 Oct 2026 · Submission of SEBI Regulation 74(5) certificate for Q2 FY27 | compliance | minimal | — | — |
| 26 Sept 2026 · Trading Window Closure for Q2 FY27 Financial Results | compliance | minimal | — | — |
| 29 Aug 2026 · 38th AGM voting results: all 6 resolutions passed, dividend of Rs 2.20 declared | compliance | low | — | — |
| 28 Aug 2026 · 38th AGM outcome: Dividend of Rs 2.20 per share declared; directors re-appointed | board shareholder meetings | medium | — | — |
| 28 Aug 2026 · 38th AGM outcome: dividend of Rs 2.20/share declared, MD and WTD re-appointed | board shareholder meetings | low | — | — |
| 28 Aug 2026 · 38th AGM outcome - final dividend Rs 2.20 declared, director re-appointments approved | board shareholder meetings | low | — | — |
| 28 Aug 2026 · 38th AGM approves Rs.2.20 dividend and re-appoints MD and Whole Time Director | board shareholder meetings | low | — | — |
| 5 Aug 2026 · IEPF transfer notice for unclaimed shares and dividends | compliance | minimal | — | — |
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.