BSE: 502933
KATARE SPINNING MILLS LTD.
Spins cotton yarn and generates solar power, but the spinning business has been substantially non-operational for a prolonged period. For FY26, revenue from operations was Rs 2.79 crore, down from Rs 5.12 crore in FY25, with the cotton yarn segment recording zero sales in Q2 FY26 and only Rs 0.52 crore in Q3 FY26. The cotton yarn segment generated Rs 0.92 crore of revenue in the year ended March 2026, while solar power generation contributed Rs 0.06 crore over the same period. The company reported a net loss of Rs 2.16 crore in FY26 against a loss of Rs 1.73 crore in the previous year, and the auditor flagged a material uncertainty related to going concern due to accumulated losses and non-operational manufacturing activities. Depreciation at 46.9% of revenue reflects the heavy asset base (total assets of Rs 118.74 crore) sitting largely idle, with net worth down to Rs 56.27 lakh. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cotton Yarn, Solar Power Generation. Asset-heavy, loss-making textile spinner with operations largely suspended
Exhibit 1: Financial summary, – (all audited; no estimate years)
| ₹ crore · consolidated |
|---|
| Revenue |
| EBITDA (ex other income) |
| margin % |
| Owners' profit |
| EPS, as reported (₹) |
| ROE % · ROCE % |
| Debt / equity (x) |
| Cash from operations |
| Capex |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q1 FY27 |
|---|---|
| Revenue | 1 |
| Profit before tax | (0) |
| Net profit | (0) |
| EPS (₹) | 0.80 |
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) | 115.0 | 16.8 | 168 of 179 | 6% |
| EBITDA margin | 13.6 | 9.8 | 60 of 198 | 70% |
| Market cap | 26 | 61 | 156 of 223 | 30% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 10 Oct 2026 · Routine compliance certificate under SEBI regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 8 Oct 2026 · Trading window closed ahead of September quarter results | compliance | minimal | — | — |
| 26 Sept 2026 · All 6 resolutions passed at 46th AGM with 100 percent votes in favour | board shareholder meetings | low | — | — |
| 26 Sept 2026 · AGM approves new auditor, BESS diversification, MD continuation | management changes | medium | — | — |
| 26 Sept 2026 · 46th AGM of Katare Spinning Mills concludes; 6 resolutions transacted | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Katare Spinning Mills publishes 46th AGM notice in newspapers | compliance | minimal | — | — |
| 31 Aug 2026 · Katare Spinning Mills files FY26 annual report; auditor replaced mid-term | results | medium | — | — |
| 31 Aug 2026 · Book closure for 46th AGM from Sep 19 to Sep 26, 2026 | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Book closure from 19 to 26 Sept 2026 for 46th AGM | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Katare Spinning Mills 46th AGM notice on Sept 26, 2026 | 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.