BSE: 507872
ASHNOOR TEXTILE MILLS LTD.
Manufactures terry towels as its only product line, with no other business segments. FY26 revenue was ₹113.6 crore, sharply below the ₹17,847.70 lakhs reported in FY25. Materials are the dominant cost at 68.6% of revenue, while employee costs sit at 2.5% and other operating expenses at 9.1%. The business is supported by ₹80 crore of bank facilities from Bank of Baroda, which include a ₹50 crore packing credit line typically used by export-oriented manufacturers, plus a ₹26 crore long-term loan and ₹4 crore non-fund based limit. Long-term borrowings stood at ₹1,474.18 lakhs at FY26 end. The company carries a CRISIL BBB-/Stable long-term rating and CRISIL A3 short-term rating on these facilities, has no subsidiaries, and operates with a light capex profile at 0.5% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Terry towels (100%). Single-product terry towel mill with export-linked working capital
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 262 | 177 | 129 | 178 | 114 |
| EBITDA (ex other income) | 19 | 15 | 12 | 24 | 16 |
| margin % | 7.2 | 8.7 | 9.6 | 13.4 | 14.2 |
| Owners' profit | 9 | 6 | 7 | 16 | 8 |
| EPS, as reported (₹) | 7.02 | 4.80 | 5.83 | 10.02 | 5.32 |
| ROE % · ROCE % | 17.7 · 19.1 | 10.8 · 14.1 | 11.6 · 17.1 | 18.5 · 25.4 | 8.9 · 13.1 |
| Debt / equity (x) | 1.59 | 1.25 | 1.18 | 0.74 | 0.59 |
| Cash from operations | (1) | 45 | 10 | 12 | 29 |
| Capex | (11) | (10) | (2) | (2) | (1) |
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 | 50 | 44 | 43 | 41 | 40 | 29 | 19 | 26 |
| Profit before tax | 6 | 9 | 4 | 2 | 6 | 3 | 1 | 1 |
| Net profit | 5 | 7 | 3 | 2 | 5 | 2 | 1 | 1 |
| EPS (₹) | 5.84 | 4.27 | 2.06 | 0.96 | 2.91 | 1.14 | 0.35 | 0.93 |
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) | 9.0 | 16.8 | 48 of 179 | 74% |
| P/B | 0.8 | 1.1 | 65 of 185 | 65% |
| ROCE | 9.4 | 4.3 | 59 of 215 | 73% |
| ROE | 8.9 | 4.7 | 56 of 188 | 71% |
| Debt / Equity | 0.6 | 0.4 | 113 of 188 | 40% |
| EBITDA margin | 7.3 | 9.8 | 125 of 198 | 37% |
| Revenue growth | (37.4) | 6.9 | 173 of 192 | 10% |
| Profit growth | (3.9) | 20.0 | 127 of 203 | 38% |
| Market cap | 77 | 61 | 105 of 223 | 53% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 23 Oct 2026 · Board to review unaudited Q2 results on November 5, 2026 | results | low | — | — |
| 1 Oct 2026 · CRISIL reaffirms BBB-/Stable rating on 80 crore bank facilities | credit debt | medium | — | — |
| 30 Sept 2026 · 43rd AGM voting results: All four resolutions passed | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · 43rd AGM: All 4 resolutions passed; director appointments approved | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Trading Window Closure from Oct 1 for Q2 Results | compliance | minimal | — | — |
| 17 Sept 2026 · 43rd AGM scheduled for September 29, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Ashnoor Textile Mills FY26 Annual Report, 43rd AGM on Sep 29; no dividend | board shareholder meetings | low | — | — |
| 12 Aug 2026 · Ashnoor Textile Q1 FY27 PAT up over 6x to Rs 9.91 cr, revenue grows 33% | results | medium | — | — |
| 30 Jul 2026 · Ashnoor Textile Mills board meeting on Aug 12 for Q1 FY27 results | results | low | — | — |
| 15 Jul 2026 · Trading window closed for Q1 results | 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.