NSE: AMBIKCO · BSE: 531978
AMBIKA COTTON MILL LTD.
Spins cotton yarn, including specialty variants, at manufacturing facilities in Tamil Nadu. The textiles segment accounted for 94.3% of segment revenue in the most recently disclosed quarter, while a small windmill segment (5.7%) generates electricity, partly for captive use. Raw materials, mainly cotton, are the largest cost at 60.5% of revenue, followed by other operating expenses at 15.8% and employee costs at 6.9%. The company is debt-free as of March 2026 with Rs 198 crore in net cash, and is undertaking a Rs 135 crore modernization of Unit IV to lift capacity from 43,000 to 45,000 spindles. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Textiles (94%), Windmill (6%). Cyclical, asset-heavy cotton spinning
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 921 | 848 | 823 | 702 | 781 |
| EBITDA (ex other income) | 270 | 175 | 109 | 103 | 114 |
| margin % | 29.3 | 20.6 | 13.3 | 14.7 | 14.6 |
| Owners' profit | 180 | 112 | 63 | 66 | 72 |
| EPS, as reported (₹) | 314.21 | 195.45 | 110.00 | 114.83 | 125.00 |
| ROE % · ROCE % | 24.8 · 32.6 | 13.7 · 18.8 | 7.3 · 11.8 | 7.3 · 11.4 | 7.5 · 11.1 |
| Debt / equity (x) | 0.00 | 0.00 | 0.10 | 0.06 | 0.00 |
| Cash from operations | 302 | (80) | (138) | 129 | 228 |
| Capex | (8) | (18) | (51) | (27) | (62) |
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 | 200 | 156 | 136 | 192 | 200 | 174 | 215 | 258 |
| Profit before tax | 20 | 20 | 22 | 21 | 22 | 20 | 33 | 35 |
| Net profit | 14 | 14 | 16 | 16 | 16 | 15 | 25 | 26 |
| EPS (₹) | 24.58 | 24.95 | 27.70 | 27.81 | 27.85 | 26.50 | 42.85 | 44.89 |
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) | 10.1 | 16.8 | 55 of 179 | 70% |
| P/B | 0.9 | 1.1 | 69 of 185 | 63% |
| ROCE | 9.8 | 4.3 | 57 of 215 | 74% |
| ROE | 7.5 | 4.7 | 67 of 188 | 65% |
| Debt / Equity | 0.0 | 0.4 | 1 of 188 | 89% |
| EBITDA margin | 16.6 | 9.8 | 48 of 198 | 76% |
| Revenue growth | 34.4 | 6.9 | 41 of 192 | 79% |
| Profit growth | 61.4 | 20.0 | 76 of 203 | 63% |
| Market cap | 819 | 61 | 29 of 223 | 87% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 24 Oct 2026 · Board to review September 2026 quarterly results | results | low | — | — |
| 9 Oct 2026 · Link shared for 38th AGM video and PPT presentation | investor communications | medium | — | — |
| 7 Oct 2026 · Compliance Certificate Filed Under SEBI DP Regulations for Q2 FY27 | compliance | minimal | — | — |
| 2 Oct 2026 · AGM: FY26 PAT up 9% to ₹71.6cr, Q1 FY27 strong, ₹37 dividend | investor communications | medium | — | — |
| 1 Oct 2026 · Ambika Cotton Mills files corrected e-voting results for 38th AGM | board shareholder meetings | low | — | — |
| 30 Sept 2026 · AGM approves final dividend of Rs 37, re-appointment of directors | corporate actions | high | — | — |
| 29 Sept 2026 · 38th AGM proceedings filed; 8 resolutions including final dividend | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Ambika Cotton Mills commissions 6480 imported spindles | capex operations | high | — | — |
| 19 Sept 2026 · Trading Window Closure Ahead of Q2 FY26-27 Results | compliance | minimal | — | — |
| 10 Sept 2026 · Imported spindle machinery arrival delayed to Sept 13 | capex operations | 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.