BSE: 502873
H.P.COTTON TEXTILE MILLS LTD.
Operates in a single textile-spinning segment and reported consolidated FY26 revenue of ₹131.5 crore, up 2.6% from ₹12,813 lakhs in FY25. Net profit for FY26 was ₹2.97 crore, up 15.6% YoY, with standalone EPS at ₹7.45 versus ₹6.57 in the prior year. Nine-month FY26 revenue reached ₹10,394 lakhs, around 13% higher year-on-year. Its corporate website is hpthreads.com, and operations are based in Hisar, Haryana, as indicated by a tax notice from the local Excise and Taxation Officer. The wholly-owned subsidiary HP MMF Textiles Limited had nil revenue and a small loss in FY26. Raw materials form the biggest cost at 40.1% of revenue (₹52.79 crore), followed by employees at 25.3% (₹33.33 crore) and other operating expenses at 27.4%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Textile spinning (100%). Single-segment, manufacturing-focused yarn spinner
Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 84 | 94 | 128 | 132 |
| EBITDA (ex other income) | (12) | 4 | 12 | 12 |
| margin % | (13.8) | 4.5 | 9.7 | 8.9 |
| Owners' profit | (18) | 1 | 3 | 3 |
| EPS, as reported (₹) | (46.66) | 2.35 | 6.57 | 7.56 |
| ROE % · ROCE % | (139.2) · (45.2) | 6.5 · 9.1 | 15.8 · 32.5 | 15.4 · 28.7 |
| Debt / equity (x) | 3.11 | 2.53 | 2.21 | 1.82 |
| Cash from operations | 0 | 12 | 7 | 8 |
| Capex | (1) | (0) | (2) | (1) |
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 | 34 | 33 | 36 | 36 | 34 | 34 | 28 | 31 |
| Profit before tax | 2 | 0 | 1 | 2 | 1 | 1 | 1 | 1 |
| Net profit | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS (₹) | 2.14 | 0.73 | 2.51 | 2.17 | 1.99 | 1.68 | 1.74 | 2.60 |
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 | 56 of 179 | 69% |
| P/B | 1.6 | 1.1 | 122 of 185 | 34% |
| ROCE | 11.6 | 4.3 | 44 of 215 | 80% |
| ROE | 15.4 | 4.7 | 24 of 188 | 88% |
| Debt / Equity | 1.8 | 0.4 | 165 of 188 | 12% |
| EBITDA margin | 11.1 | 9.8 | 90 of 198 | 55% |
| Revenue growth | (13.2) | 6.9 | 150 of 192 | 22% |
| Profit growth | 20.0 | 20.0 | 102 of 203 | 50% |
| Market cap | 32 | 61 | 144 of 223 | 36% |
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 September 2026 quarter and half-year results | results | low | — | — |
| 15 Oct 2026 · Entry tax demand settled under Haryana One Time Scheme | regulatory legal | high | — | — |
| 7 Oct 2026 · Routine compliance certificate for Q2 FY27 share dematerialization | compliance | minimal | — | — |
| 29 Sept 2026 · HP Cotton settles entry tax demand of Rs 21.20 lakh for FY16-18 | regulatory legal | medium | — | — |
| 29 Sept 2026 · Trading window closed ahead of Q2 financial results | compliance | minimal | — | — |
| 18 Sept 2026 · AGM approves re-appointment of Executive Director and Independent Director | management changes | medium | — | — |
| 18 Sept 2026 · 45th AGM voting results - all 5 resolutions passed | board shareholder meetings | low | — | — |
| 18 Sept 2026 · H.P. Cotton Textile Mills 45th AGM held, 5 resolutions proposed | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Newspaper ad on special window for dematerialisation of physical shares | compliance | minimal | — | — |
| 27 Aug 2026 · H.P. Cotton Textile Mills publishes 45th AGM notice in newspapers | 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.