BSE: 531952
RIBA TEXTILES LTD.
Manufactures terry towels as its single business segment and operates as a government-recognised export house headquartered in Delhi with manufacturing operations in Panipat, Haryana. FY26 revenue from operations was Rs. 255.38 crore, down 13.7% from Rs. 295.86 crore in FY25, while net profit was Rs. 8.13 crore against Rs. 8.50 crore. The cost structure is dominated by raw materials at 61.4% of revenue (cotton and yarn inputs), with employee costs at 5.1%, other operating expenses at 28.4%, and depreciation at 2.5%. The US accounted for roughly 20% of exports in FY26, down from about 30% earlier, as the company diversified into Latin American markets after US textile tariffs were cut from 50% to 10%. Capital expenditure was Rs. 27.41 crore in FY26, and the company generated operating cash flow of Rs. 28.08 crore. Total borrowings stood at Rs. 75.98 crore at FY26 end, and CARE Ratings has rated bank facilities of about Rs. 94 crore at BBB/A3+ with a stable outlook. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Terry towel manufacturing. Cyclical, single-product textile exporter exposed to overseas tariffs and cotton prices
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 235 | 243 | 247 | 296 | 255 |
| EBITDA (ex other income) | 15 | 19 | 20 | 22 | 23 |
| margin % | 6.5 | 7.6 | 8.0 | 7.5 | 8.8 |
| Owners' profit | 5 | 7 | 8 | 8 | 8 |
| EPS, as reported (₹) | 5.07 | 7.67 | 8.20 | 8.81 | 8.42 |
| ROE % · ROCE % | 6.6 · 10.9 | 9.1 · 13.0 | 8.9 · 13.0 | 8.7 · 13.5 | 7.7 · 12.3 |
| Debt / equity (x) | 0.90 | 0.75 | 0.76 | 0.63 | 0.72 |
| Cash from operations | 1 | 15 | 20 | 18 | 28 |
| Capex | (6) | (8) | (9) | (17) | (27) |
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 | 61 | 77 | 76 | 82 | 50 | 69 | 63 | 73 |
| Profit before tax | 2 | 4 | 3 | 3 | 1 | 4 | 2 | 4 |
| Net profit | 1 | 3 | 2 | 2 | 1 | 3 | 1 | 3 |
| EPS (₹) | 1.17 | 3.04 | 2.13 | 2.46 | 0.75 | 3.02 | 1.22 | 3.46 |
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) | 7.4 | 16.8 | 31 of 179 | 83% |
| P/B | 0.6 | 1.1 | 46 of 185 | 75% |
| ROCE | 7.7 | 4.3 | 74 of 215 | 66% |
| ROE | 7.7 | 4.7 | 65 of 188 | 66% |
| Debt / Equity | 0.7 | 0.4 | 126 of 188 | 33% |
| EBITDA margin | 9.8 | 9.8 | 98 of 198 | 51% |
| Revenue growth | (11.3) | 6.9 | 148 of 192 | 23% |
| Profit growth | 40.5 | 20.0 | 85 of 203 | 58% |
| Market cap | 61 | 61 | 112 of 223 | 50% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 21 Oct 2026 · Quarterly RTA compliance certificate under SEBI Reg 74(5) | compliance | minimal | — | — |
| 30 Sept 2026 · Trading window closed from Oct 1, 2026 till Q2 results announcement | compliance | minimal | — | — |
| 25 Sept 2026 · Riba Textiles 38th AGM: All 5 resolutions passed | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Riba Textiles files newspaper publication of 38th AGM notice | compliance | minimal | — | — |
| 2 Sept 2026 · Annual Report and 38th AGM Notice submitted for FY2025-26 | compliance | low | — | — |
| 2 Sept 2026 · Riba Textiles sets 17 Sep 2026 as record date for 38th AGM | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Notice of 38th AGM with e-voting and director re-appointments | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Board re-appoints MD, WTD and Independent Director | management changes | medium | — | — |
| 31 Aug 2026 · Board approves director reappointments, sets AGM date | board shareholder meetings | low | — | — |
| 21 Aug 2026 · CARE Reaffirms Riba Textiles Rating at BBB with Stable Outlook | credit debt | medium | — | — |
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.