Indo Cotspin Limited

Spins cotton yarn at a facility in Panipat, Haryana, selling to textile manufacturers and downstream weavers. FY26 revenue from operations stood at Rs 2,461.23 lakhs, marginally lower than Rs 2,493.82 lakhs in FY25, with the company swinging to a net loss of Rs 0.87 lakhs from a Rs 40.05 lakhs profit a year earlier. The cost base is dominated by raw materials, which consumed 65.1% of revenue in FY26, followed by other operating expenses at 9.2% and employees at 2.5%. The business is asset-heavy: total assets stood at Rs 1,138.31 lakhs at end-FY26, with FY26 capital spend of Rs 289.79 lakhs on a building and Rs 66.10 lakhs on solar panels. Quarterly performance has been uneven — Q3 FY26 raw material costs jumped to Rs 791.41 lakhs from Rs 535.83 lakhs a year earlier, squeezing margins, while Q1 FY27 revenue of Rs 595.70 lakhs was sharply higher than Rs 191.08 lakhs in Q1 FY26 but still produced a Rs 1.54 lakh loss. The Board has approved, subject to shareholder approval at the 32nd AGM, the sale of the company's land, building and plant and machinery to a related party for Rs 11 crore, alongside a proposed increase in the borrowing limit to Rs 50 crore.