Classified under textiles and apparel (other textile products), but the operating textile revenue has effectively collapsed: full-year FY26 revenue was down about 69% year-on-year and Q4 FY26 revenue from operations was reported as nil. The FY26 net profit of Rs. 52.31 lakhs (versus a Rs. 50.31 lakhs loss in FY25) was driven by other income rather than any textile activity. The balance sheet is severely stressed, with accumulated losses fully eroding net worth and current liabilities exceeding current assets, leading the statutory auditor to issue a qualified opinion flagging material uncertainty on going concern. After new promoter Saroj Kumar Choudhary acquired a 46.46% stake (27.6 lakh shares) via an open offer at Rs. 5 per share, the board proposed a 99% share-capital reduction to absorb accumulated losses and is amending the objects clause to enter hospitals, healthcare, pharmaceuticals and medical equipment, while shifting the registered office from Maharashtra to Orissa. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Textiles and fabrics, Planned healthcare, hospitals, pharma, medical equipment. Distressed BSE-listed micro-cap with no operating textile revenue, undergoing change of control and a proposed pivot from textiles to healthcare and pharma
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 3 | 2 | 0 |
| EBITDA (ex other income) | 11 | (0) | 0 | (0) | (0) |
| margin % | — | (23.4) | 2.9 | (1.6) | — |
| Owners' profit | 11 | (0) | 0 | (0) | 1 |
| EPS, as reported (₹) | (0.11) | (0.12) | 0.16 | 0.06 | 0.15 |
| ROE % · ROCE % | (894.8) · (894.8) | 5.3 · 5.3 | (7.8) · (7.9) | 2.1 · 2.1 | (44.0) · (47.6) |
| Debt / equity (x) | (0.94) | 0.00 | (1.40) | 0.00 | 0.00 |
| Cash from operations | (0) | (0) | 0 | (1) | 1 |
| Capex | 0 | 0 | 0 | 0 | 0 |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 71,440 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 760 | (0) | 0 | (0) | 0 | (0) |
| Net profit | 0 | 0 | 760 | (0) | 0 | (0) | 0 | (0) |
| EPS (₹) | 0.01 | 0.06 | 0.01 | 0.14 | 0.47 | 0.04 | 0.59 | 0.15 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,974 | 41.6 | 6.66 | 27.5 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 19,663 | 71.5 | 3.95 | 25.3 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 16,368 | 19.0 | 1.55 | 12.4 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,965 | 30.1 | 2.51 | 14.5 | 7.9 | 8.6 | 8.1 | 17.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Oxford Industries pivots to healthcare, pharma; shifts office to Odisha, cuts capital | corporate actions | medium | — | — |
| 11 Sept 2026 · Oxford Industries 45th AGM approves capital cut, shift to Odisha, healthcare pivot | board shareholder meetings | medium | — | — |
| 11 Sept 2026 · Oxford Industries 45th AGM: 9 resolutions passed including capital reduction | board shareholder meetings | low | — | — |
| 11 Sept 2026 · Oxford Industries 45th AGM: capital reduction, new auditor, office shift approved | board shareholder meetings | medium | — | — |
| 19 Aug 2026 · Oxford Industries informs about 45th AGM on Sept 11, 2026 via video conferencing | compliance | minimal | — | — |
| 18 Aug 2026 · Oxford Industries plans 99% share capital cut to wipe out losses | corporate actions | high | — | — |
| 18 Aug 2026 · Annual Report FY2025-26 weblink to physical shareholders; 45th AGM on September 11, 2026 | compliance | minimal | — | — |
| 18 Aug 2026 · 45th AGM notice seeks 99% cancellation of fully paid shares | board shareholder meetings | low | — | — |
| 18 Aug 2026 · FY26 Annual Report and 45th AGM; 99 percent Capital Cut Proposed | results | high | — | — |
| 18 Aug 2026 · Book closure for 45th AGM from September 5 to September 11, 2026 | compliance | minimal | — | — |
| Where a broker report shows | This document shows |
|---|
| INDO COUNT INDUSTRIES LTD |
| 8,757 |
| 58.0 |
| 3.72 |
| 21.1 |
| 5.4 |
| 5.4 |
| 10.5 |
| 13.3 |
| GARWARE TECH FIBRES LTD | 7,675 | 37.1 | 5.67 | 24.0 | 14.7 | 18.7 | 8.1 | 20.5 |
| JINDAL WORLDWIDE LTD | 5,314 | 63.1 | 6.17 | 40.6 | 8.1 | 9.0 | 6.1 | 8.7 |
| RAYMOND LIFESTYLE LIMITED | 4,213 | 97.2 | 0.44 | 7.7 | 0.5 | 0.7 | — | 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.9 | 14.8 | 91 of 205 | 56% |
| ROCE | (47.6) | 4.2 | 223 of 227 | 2% |
| ROE | (44.0) | 4.8 | 211 of 214 | 1% |
| Debt / Equity | 0.0 | 0.3 | 22 of 214 | 78% |
| Revenue growth | (100.0) | 6.9 | 186 of 192 | 0% |
| Profit growth | 0.9 | 20.0 | 124 of 203 | 39% |
| Market cap | 10 | 63 | 200 of 221 | 10% |
| 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 |
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.
