Sources and trades textile products, with a single textile segment contributing all of its segment revenue. The company is registered in Surat and listed on BSE. Its cost shape — materials at 95.3% of revenue and employee costs at 0.4% — points to a trading operation that buys and resells textile products rather than manufacturing them. Capex is essentially nil at 0.0% of revenue, again consistent with a trading model. Revenue from operations stood at Rs 432.97 crore in FY26, up 38% from Rs 313.75 crore in FY25, with profit after tax rising 109% to Rs 7.25 crore. Despite the headline growth, operating cash flow turned negative at Rs -1,128 Lacs in FY26 from Rs 1,123 Lacs the year before, as trade receivables rose to Rs 8,656 Lacs and short-term borrowings climbed to Rs 3,490 Lacs from Rs 1,212 Lacs to fund working capital. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Textile products trading (100%). Cyclical, thin-margin textile trading
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 334 | 337 | 344 | 314 | 433 |
| EBITDA (ex other income) | 8 | 7 | 7 | 8 | 10 |
| margin % | 2.4 | 2.1 | 2.1 | 2.4 | 2.3 |
| Owners' profit | 3 | 3 | 3 | 3 | 7 |
| EPS, as reported (₹) | 1.96 | 0.00 | 2.09 | 1.89 | 3.36 |
| ROE % · ROCE % | 9.8 · 21.2 | 9.5 · 17.5 | 8.6 · 17.1 | 4.5 · 9.0 | 7.1 · 11.7 |
| Debt / equity (x) | 1.04 | 0.96 | 0.80 | 0.21 | 0.35 |
| Cash from operations | 9 | 5 | 19 | 11 | (11) |
| Capex | (0) | (0) | (1) | (1) | (0) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 83 | 75 | 86 | 76 | 112 | 127 | 118 | 96 |
| Profit before tax | 1 | 1 | 2 | 1 | 1 | 4 | 3 | 2 |
| Net profit | 1 | 1 | 2 | 1 | 1 | 4 | 3 | 2 |
| EPS (₹) | 0.71 | 0.54 | 1.22 | 0.56 | 0.70 | 2.11 | 1.19 | 1.08 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Yarn Division | 432 | 99.8 |
| Stapi Division | 0 | 0.0 |
| FNB Division | 1 | 0.2 |
| Total, before eliminations | 433 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PDS LIMITED | 4,902 | 41.7 | 2.64 | 10.9 | 9.6 | 9.8 | 16.1 | 3.1 |
| LE MERITE EXPORTS LIMITED | 267 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 2 Sept 2026 · Anand Rayons files 8th AGM notice newspaper clippings with BSE | compliance | minimal | — | — |
| 1 Sept 2026 · Annual Report FY25-26 and 8th AGM Notice | investor communications | medium | — | — |
| 31 Aug 2026 · 8th AGM on Sept 24, 2026: capital hike and director re-appointments on agenda | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Anand Rayons board approves AGM 2026 and Rs 10 cr capital hike | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Board approves 8th AGM, director re-appointments and Rs 10 crore capital hike | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Board meeting on Aug 31 for AGM, director re-appointments and share capital hike | management changes | medium | — | — |
| 12 Aug 2026 · Anand Rayons Q1 FY27 Results Published in Newspapers | compliance | minimal | — | — |
| 11 Aug 2026 · Q1 FY27 results: revenue down about 19 percent YoY | results | high | — | — |
| 11 Aug 2026 · Anand Rayons Q1 FY27 results approved; revenue grows about 26 percent | results | medium | — | — |
| 10 Aug 2026 · Anand Rayons honoured with Excellence in Textile Weaving Technologies award | business updates | low | — | — |
| 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 |
| 4.3 |
| 1.98 |
| 14.9 |
| 8.6 |
| 10.5 |
| — |
| (4.0) |
| BHILWARA TECHNICAL TEXT L | 248 | 13.9 | 1.54 | — | (7.0) | (6.5) | 32.8 | (128.6) |
| STANDARD INDUSTRIES LTD. | 114 | 1.8 | 0.99 | — | (16.9) | (15.8) | 23.6 | 45.1 |
| SPL INDUSTRIES LIMITED | 87 | 10.5 | 0.40 | — | 3.3 | 2.8 | — | 18.6 |
| Anand Rayons Limited ◆ | 84 | 7.7 | 0.82 | — | 7.1 | 9.4 | — | 3.1 |
| Vivaa Tradecom Limited | 53 | 37.8 | — | — | — | 3.6 | — | — |
| SANBLUE CORPORATION LTD. | 16 | 34.1 | 0.45 | — | 0.6 | 0.5 | — | (3.0) |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 7.7 | 12.2 | 4 of 10 | 67% |
| P/B | 0.8 | 1.3 | 3 of 8 | 71% |
| ROCE | 9.4 | 3.2 | 4 of 10 | 67% |
| ROE | 7.1 | 3.3 | 4 of 9 | 63% |
| Debt / Equity | 0.3 | 0.0 | 7 of 9 | 25% |
| EBITDA margin | 3.0 | 3.0 | 4 of 7 | 50% |
| Revenue growth | 25.8 | 25.8 | 5 of 9 | 50% |
| Profit growth | 97.0 | 76.5 | 3 of 8 | 71% |
| Market cap | 84 | 85 | 6 of 10 | 44% |
| 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.
