RSWM LIMITED

Manufactures yarn and woven/knit fabric for sale to apparel and downstream textile buyers, with yarn accounting for 78.3% of FY26 segment revenue at ₹3,865.03 cr and fabric making up the remaining 21.7% at ₹1,073.23 cr. The business sells to customers in 68 countries, with exports contributing 30.68% of turnover, and ended FY26 with ₹4,554 cr in revenue. Operations span five product lines including mélange, denim and knit, with capacity utilisation currently ranging from 65-70% in mélange to 80%+ in denim; a ₹92 cr knitting expansion is taking capacity from 600 to 900 tons and is scheduled to be operational by Q3 FY27. Around 70% of the energy mix is now sourced from wind and solar via an Adani tie-up, and all wet-processing units operate on Zero Liquid Discharge. Two large capital projects are underway: a ₹427 cr GreenPET bottle-to-bottle recycling plant at Ratlam (70% debt-funded, targeted Q1 FY27) and the knit expansion above. The biggest cost line is raw materials at 55.3% of revenue, followed by other operating expenses at 20.4% and employees at 11.9%.