NSE: GHCLTEXTIL · BSE: 543918
GHCL TEXTILES LIMITED
Spins cotton yarn and is integrating forward into knitted fabric for apparel customers. In FY26, revenue was Rs 1,318.6 crore at an EBITDA margin of 11.84%, with raw materials — chiefly cotton — accounting for 66.9% of revenue, employee costs 6.2% and other operating expenses 15.5%. A 25,000-spindle new unit stabilised at above 98% utilisation, and 15 of a planned 40 knitting machines were live by Q1 FY27, lifting fabric to 16% of sales versus 9% a year earlier; 89% of yarn is sold directly to customers. Q1 FY27 revenue was Rs 410 crore, up 52% YoY, with yarn spreads at Rs 155/kg against Rs 138/kg in Q4 FY26 on the back of low-cost cotton procurement. A Rs 350–400 crore ready-to-cut fabric facility at PM Mitra Park in Tamil Nadu is scheduled to commission in CY '28, and 65 MW of green energy capacity currently meets around 70% of power needs, with another 11 MW under development. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cotton yarn, Knitted / ready-to-cut fabric (16%). Cotton-yarn spinning with forward integration into knitted fabric; commodity-driven and cyclical.
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 1,054 | 1,161 | 1,319 |
| EBITDA (ex other income) | 84 | 110 | 140 |
| margin % | 7.9 | 9.4 | 10.6 |
| Owners' profit | 25 | 56 | 70 |
| EPS, as reported (₹) | 2.62 | 5.86 | 7.36 |
| ROE % · ROCE % | 1.8 · 2.7 | 3.9 · 4.2 | 4.7 · 6.0 |
| Debt / equity (x) | 0.05 | 0.04 | 0.09 |
| Cash from operations | 58 | 162 | 5 |
| Capex | (73) | (158) | (68) |
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 | 305 | 285 | 284 | 268 | 338 | 349 | 364 | 409 |
| Profit before tax | 16 | 13 | 19 | 18 | 22 | 18 | 35 | 53 |
| Net profit | 21 | 9 | 14 | 14 | 16 | 13 | 28 | 39 |
| EPS (₹) | 2.15 | 0.98 | 1.49 | 1.41 | 1.68 | 1.38 | 2.89 | 4.12 |
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) | 12.1 | 16.8 | 69 of 179 | 61% |
| P/B | 0.8 | 1.1 | 63 of 185 | 66% |
| ROCE | 5.7 | 4.3 | 94 of 215 | 57% |
| ROE | 4.7 | 4.7 | 95 of 188 | 50% |
| Debt / Equity | 0.1 | 0.4 | 49 of 188 | 74% |
| EBITDA margin | 17.1 | 9.8 | 44 of 198 | 78% |
| Revenue growth | 52.7 | 6.9 | 33 of 192 | 83% |
| Profit growth | 191.1 | 20.0 | 31 of 203 | 85% |
| Market cap | 1166 | 61 | 23 of 223 | 90% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 22 Oct 2026 · GHCL Textiles earnings call on Nov 5 for Q2 and H1 FY27 results | board shareholder meetings | low | — | — |
| 22 Oct 2026 · Board meeting set for November 5, 2026 results | results | low | — | — |
| 6 Oct 2026 · Routine confirmation certificate for dematerialisation of securities filed | compliance | minimal | — | — |
| 25 Sept 2026 · Promoter Anurag Dalmia buys 5,000 shares of GHCL Textiles | ownership changes | medium | — | — |
| 24 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 23 Sept 2026 · Promoter Anurag Dalmia buys 5,000 shares of GHCL Textiles | ownership changes | low | — | — |
| 22 Sept 2026 · GHCL Textiles to attend Arihant Capital Bharat Connect Conference on September 28 | board shareholder meetings | low | — | — |
| 10 Sept 2026 · GHCL Textiles ESOS 2026 approved by shareholders via postal ballot | corporate actions | medium | — | — |
| 10 Sept 2026 · GHCL Textiles shareholders approve ESOS 2026 via postal ballot | capital market events | medium | — | — |
| 12 Aug 2026 · GHCL Textiles publishes Postal Ballot notice for ESOS 2026 stock option plan | 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.