BSE: 521068
HISAR SPINNING MILLS LTD.
Manufactures cotton yarn, operating from Hisar in Haryana with an administrative office in Chandigarh. Revenue from operations was ₹4,410.94 lakh in FY26, marginally lower than ₹4,487.79 lakh in FY25, while profit after tax grew about 12.9% to ₹330.60 lakh from ₹292.81 lakh. Q3 FY26 revenue from operations came in at ₹1,122.78 lakh against ₹1,209.32 lakh in the year-ago quarter, with quarterly PAT of ₹121.94 lakh. EBITDA margin stood at 15.59% for FY26. The company has been actively reducing debt — total borrowings fell from ₹718.92 lakh to ₹353.37 lakh over the year, split between non-current borrowings of ₹157 lakh and current borrowings of ₹196 lakh at year-end. Raw materials are by far the largest cost line at 55.5% of revenue, consistent with a cotton-spinning business that buys raw cotton. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cotton yarn manufacturing. Small-scale, single-line cotton yarn manufacturer on BSE
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 36 | 47 | 42 | 45 | 44 |
| EBITDA (ex other income) | 5 | 7 | 5 | 5 | 6 |
| margin % | 14.6 | 14.8 | 11.1 | 12.2 | 14.7 |
| Owners' profit | 4 | 3 | 2 | 3 | 3 |
| EPS, as reported (₹) | 11.05 | 8.87 | 5.41 | 7.84 | 8.85 |
| ROE % · ROCE % | 24.4 · 26.9 | 16.4 · 20.5 | 9.1 · 12.5 | 11.6 · 15.2 | 11.6 · 15.5 |
| Debt / equity (x) | 0.27 | 0.15 | 0.14 | 0.29 | 0.12 |
| Cash from operations | 2 | 1 | 2 | 6 | 2 |
| Capex | (6) | (0) | (0) | (4) | (0) |
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 | 12 | 12 | 11 | 11 | 11 | 11 | 11 | 12 |
| Profit before tax | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| Net profit | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS (₹) | 1.01 | 2.29 | 2.78 | 2.46 | 1.35 | 3.27 | 1.78 | 2.89 |
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) | 5.5 | 16.8 | 20 of 179 | 89% |
| P/B | 0.7 | 1.1 | 54 of 185 | 71% |
| ROCE | 14.4 | 4.3 | 28 of 215 | 87% |
| ROE | 11.6 | 4.7 | 41 of 188 | 79% |
| Debt / Equity | 0.1 | 0.4 | 58 of 188 | 70% |
| EBITDA margin | 15.2 | 9.8 | 57 of 198 | 72% |
| Revenue growth | 12.2 | 6.9 | 73 of 192 | 62% |
| Profit growth | 17.4 | 20.0 | 107 of 203 | 48% |
| Market cap | 19 | 61 | 176 of 223 | 21% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Compliance certificate for share dematerialization - Q2 FY27 | compliance | minimal | — | — |
| 8 Oct 2026 · Late filing of 34th AGM proceedings; 4 resolutions including director remuneration hikes | board shareholder meetings | low | — | — |
| 8 Oct 2026 · Zero physical share transfer requests in September 2026 | compliance | minimal | — | — |
| 1 Oct 2026 · AGM results: all 4 resolutions passed, Kansal remuneration hiked | board shareholder meetings | low | — | — |
| 1 Oct 2026 · 34th AGM held Sep 30 2026; 4 resolutions including director pay hike | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading window closure from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 11 Sept 2026 · Newspaper cuttings of 34th AGM notice submitted to BSE | compliance | minimal | — | — |
| 8 Sept 2026 · Re-lodgement of physical shares report for August 2026 submitted | compliance | minimal | — | — |
| 7 Sept 2026 · Hisar Spinning Mills files FY26 Annual Report; AGM on Sep 30, 2026 | compliance | minimal | — | — |
| 7 Sept 2026 · 34th AGM on September 30, 2026; book closure from September 25 to 30 | board shareholder meetings | low | — | — |
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.