Operates in the textiles sector, manufacturing other textile products, with a plant at Kashipur. Revenue from operations collapsed to Rs. 1,680.06 lakhs in FY26 from Rs. 28,857.17 lakhs in FY25, an unprecedented year-on-year drop. The Kashipur plant was shut down during the year due to a labor strike over unpaid wages and raw material shortages, which explains the revenue collapse. Cost structure shows employee costs at 60.5% of revenue, materials at 50.4%, and depreciation at 145.1% of a now-tiny revenue base, leaving the company deep in operating losses. The company has defaulted on bank borrowings of Rs. 25,971.26 lakhs, with SARFAESI notices issued by lenders, and current liabilities exceed current assets by Rs. 32,233.86 lakhs. Statutory auditors resigned in June 2026 citing non-payment of audit fees and inability to obtain sufficient audit evidence, and issued an Adverse Opinion on FY26 results flagging going concern doubt and complete erosion of net worth (negative equity of Rs. 10,682.58 lakhs on a standalone basis). AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Textile products (Other Textile Products). Textile manufacturer in severe operational and financial distress, with production halted and lender action underway
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,042 | 915 | 5,986 | 289 | 17 |
| EBITDA (ex other income) | 13 | (39) | (1,174) | (117) | (30) |
| margin % | 1.3 | (4.3) | (19.6) | (40.7) | (176.6) |
| Owners' profit | (87) | (120) | 0 | 0 | (135) |
| EPS, as reported (₹) | (34.90) | (48.05) | (64.35) | 74.85 | (41.15) |
| ROE % · ROCE % | (183.2) · (49.9) | 181.9 · (42.9) | 417.8 · 1926.2 | 4736.0 · 21.4 | 102.8 · 47.5 |
| Debt / equity (x) | 13.17 | (9.28) | (15.05) | 47.35 | (2.04) |
| Cash from operations | (106) | 39 | 128 | (319) | 5 |
| Capex | — | 0 | 0 | 0 | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 85 | 63 | 61 | 11 | 6 | (0) | 0 | 0 |
| Profit before tax | (39) | (15) | (24) | (22) | (18) | (29) | (13) | (16) |
| Net profit | (12) | (16) | (12) | (18) | (18) | (29) | (69) | (16) |
| EPS (₹) | (3.86) | (4.99) | (3.64) | (5.63) | (5.49) | (8.93) | (21.10) | (4.78) |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,974 | 41.6 | 6.66 | 27.5 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 19,663 | 71.5 | 3.95 | 25.3 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 16,368 | 19.0 | 1.55 | 12.4 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,965 | 30.1 | 2.51 | 14.5 | 7.9 | 8.6 | 8.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · Newspaper notice published for 33rd AGM on 30 September 2026 | compliance | minimal | — | — |
| 8 Sept 2026 · Flexituff Ventures appoints S.N. Gadiya & Co. as Statutory Auditor | management changes | medium | — | — |
| 8 Sept 2026 · Flexituff board appoints new auditor, approves name change proposal | board shareholder meetings | medium | — | — |
| 8 Sept 2026 · Flexituff FY26 revenue crashes 95%, swings to Rs 1349 million loss | results | high | — | — |
| 8 Sept 2026 · 33rd AGM notice covers accounts, directors, auditor and name change | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Book Closure for 33rd AGM from Sep 24 to Sep 30, 2026 | corporate actions | medium | — | — |
| 23 Aug 2026 · Flexituff publishes Q1 FY2027 unaudited results | compliance | minimal | — | — |
| 21 Aug 2026 · Auditor flags going concern doubt; Q1 revenue nil, loss widens | results | high | — | — |
| 21 Aug 2026 · Q1 loss, zero revenue, auditor disclaimed review; going concern doubt flagged | results | high | — | — |
| 19 Aug 2026 · Corrigendum: Name correction for two newly appointed Independent Directors | management changes | 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 |
| 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,757 | 58.0 | 3.72 | 21.1 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,675 | 37.1 | 5.67 | 24.0 | 14.7 | 18.7 | 8.1 | 20.5 |
| JINDAL WORLDWIDE LTD | 5,314 | 63.1 | 6.17 | 40.6 | 8.1 | 9.0 | 6.1 | 8.7 |
| RAYMOND LIFESTYLE LIMITED | 4,213 | 97.2 | 0.44 | 7.7 | 0.5 | 0.7 | — | 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | 76.9 | 4.2 | 4 of 227 | 99% |
| ROE | 102.8 | 4.8 | 3 of 214 | 99% |
| Debt / Equity | (2.0) | 0.3 | 7 of 214 | 97% |
| Revenue growth | (100.0) | 6.9 | 186 of 192 | 0% |
| Profit growth | 15.1 | 20.0 | 111 of 203 | 46% |
| Market cap | 7 | 63 | 211 of 221 | 4% |
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| 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 |
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