BSE: 500192
PRAG BOSIMI SYNTHETICS LTD.
Manufactures synthetic textiles including yarn, garments, fabrics and knitted products, with the textile segment contributing 90.5% of segment revenue in the period ended March 2023 and the remaining 9.5% from other operations. Operations are currently suspended due to a power disconnection from APDCL, with the company awaiting power restoration and release of a Rs 5.90 crore subsidy from joint sector partner Assam Industrial Development Corporation Limited (AIDC) to restart in phases. The Government of Assam appoints the Chairman under this joint sector arrangement. Revenue from operations has effectively collapsed, with FY26 revenue at Rs 0.3164 crore and statutory auditors having flagged material uncertainty about going concern given the negative net worth of Rs 1,732.58 lakhs. The cost structure is dominated by depreciation at 1567.6% of revenue and other operating expenses at 342% of revenue, reflecting an asset-heavy but currently non-operating business with total assets of Rs 219.572 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Textile (91%), Other (10%). Asset-heavy synthetic textiles manufacturer, currently non-operational and in financial distress
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3 | 1 | 0 | 0 | 0 |
| EBITDA (ex other income) | (17) | (2) | (4) | (3) | (2) |
| margin % | (492.7) | (123.2) | (7334.9) | — | (547.6) |
| Owners' profit | 0 | (13) | (12) | 0 | 0 |
| EPS, as reported (₹) | (3.23) | (1.63) | (1.50) | 1.45 | 1.40 |
| ROE % · ROCE % | (78.8) · (8.2) | (66.3) · (2.5) | (156.1) · (2.6) | 296.5 · (2.5) | 74.1 · (2.4) |
| Debt / equity (x) | 4.96 | 8.41 | 21.45 | (42.66) | (11.07) |
| Cash from operations | (3) | (0) | 1 | (1) | 0 |
| Capex | (7) | (3) | (1) | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 1 | (1) | 0 | 0 | 0 | (0) |
| Profit before tax | (3) | (3) | (2) | (4) | (3) | (3) | (2) | (4) |
| Net profit | (3) | (3) | (2) | (4) | (3) | (3) | (2) | (4) |
| EPS (₹) | (0.33) | (0.34) | (0.32) | 0.48 | 0.35 | 0.37 | 0.22 | 0.48 |
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) | 1.1 | 16.8 | 6 of 179 | 97% |
| ROCE | (4.9) | 4.3 | 191 of 215 | 11% |
| EBITDA margin | (108.7) | 9.8 | 196 of 198 | 1% |
| Profit growth | 3.3 | 20.0 | 123 of 203 | 40% |
| Market cap | 14 | 61 | 184 of 223 | 18% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · RTA certificate under Reg 74(5) for QE September 2026 filed | compliance | minimal | — | — |
| 29 Sept 2026 · Trading Window Closed From Oct 1, 2026 Until Q2 FY26 Results | compliance | minimal | — | — |
| 25 Sept 2026 · AGM voting results and scrutinizer's report filed with BSE | board shareholder meetings | low | — | — |
| 25 Sept 2026 · AGM 2026: Director re-appointments, new IDs, and secretarial auditor approved | management changes | medium | — | — |
| 25 Sept 2026 · 34th AGM held; key items include FY26 financials adoption and director changes | board shareholder meetings | low | — | — |
| 18 Sept 2026 · NCLT orders compliance with 2016 order on Rs 30 crore preference shares | regulatory legal | high | — | — |
| 10 Sept 2026 · Shareholders get link to 2025-26 annual report | compliance | minimal | — | — |
| 10 Sept 2026 · Newspaper publication of notice for 34th AGM | compliance | minimal | — | — |
| 3 Sept 2026 · FY2026 annual report submitted; AGM set for 25 September 2026 | compliance | minimal | — | — |
| 3 Sept 2026 · 34th AGM on Sep 25, 2026 - director appointments and related party approval | 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.