Manufactures denim fabric on a 19.2 million-metre platform and sells entirely B2B through dealers in the Indian domestic market. Revenue in FY26 stood at Rs 704.21 crore, with H1 FY26 alone delivering a record Rs 382 crore at 89.9% capacity utilisation. The business reports under two segments — Textiles and Renewable Energy — with 65% of power currently sourced from renewables and a stated roadmap to raise this to 90% by Q1 FY27. Customer concentration is high: the top 10 dealers account for ~99% of sales. Raw materials (cotton) dominate the cost structure at 94.2% of revenue. Integration is a stated priority — forward via Teesta Spintex (finishing), and backward via a Rs 55 crore dyeing unit scheduled to commission in December 2026 or January 2027. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Textiles, Renewable Energy. Materials-heavy, high customer concentration; asset-light on employees, heavy on raw material inputs
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 704 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 4.11 |
| ROE % · ROCE % | — · 11.8 |
| Debt / equity (x) | — |
| Cash from operations | (27) |
| Capex | (1) |
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 382 | 322 |
| Profit before tax | 8 | 4 |
| Net profit | — | — |
| EPS (₹) | 4.11 | 1.76 |
| 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 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Shanti Spintex 16th AGM concludes; 2 ordinary resolutions passed | board shareholder meetings | low | — | — |
| 17 Aug 2026 · 16th AGM notice - Sept 11, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Annual Report FY25-26 and 16th AGM Notice submitted to BSE | results | high | — | — |
| 17 Aug 2026 · Book closure for 16th AGM from 6 to 10 September 2026 | compliance | minimal | — | — |
| 17 Aug 2026 · Record Date 4 Sep 2026 fixed for 16th AGM on 11 Sep 2026 | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Board meeting on 13 Aug for FY26 Annual Report, AGM and other approvals | results | low | — | — |
| 8 Jul 2026 · Shanti Spintex Q1 FY27 investor grievances report: zero complaints | compliance | minimal | — | — |
| 8 Jul 2026 · Routine compliance filing of dematerialisation certificate for Jun 2026 quarter | compliance | minimal | — | — |
| 2 Jun 2026 · Dear Sir/Ma''am, This is to inform that the last name of our company secretary has been changed from Mohini Singhal to Mohini Agarwal due to marriage. Pls find attached file for your records | management changes | low | — | — |
| 28 May 2026 · Please find attached herewith the Audited consolidated and standalone financial results for the half year and year ended 31.03.2026 | results | high | — | — |
| Where a broker report shows |
|---|
| 97.2 |
| 0.44 |
| 7.7 |
| 0.5 |
| 0.7 |
| — |
| 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 5.8 | 14.8 | 35 of 205 | 83% |
| ROCE | 9.6 | 4.2 | 61 of 227 | 74% |
| Market cap | 57 | 63 | 116 of 221 | 48% |
| 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 |
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.
