NSE: SRTL · BSE: 544716
SHREE RAM TWISTEX LIMITED
Manufactures cotton yarn at a Gujarat-based facility, generating Rs 272.89 crore of revenue from operations in FY26. The cost structure is dominated by raw materials, which run at 110.7% of revenue — consistent with a cotton-intensive yarn-making operation where raw cotton is the primary input. Employee cost is unusually low at 1.7% of revenue, while depreciation accounts for 3.1%, indicating a capital-intensive but labour-light set-up. The company listed on BSE (544716) and NSE (SRTL) on March 2, 2026 following an IPO of 1.06 crore shares at Rs 104 each, with gross IPO proceeds of Rs 11,024 lakh. IPO funds are being deployed across a solar power plant, a 3.1 MW wind power project, repayment of debt to SIDBI and SBI, working capital, and new cotton twisting/winding machinery for capacity expansion. FY26 net profit stood at Rs 14.17 crore on total assets of Rs 308.65 crore, with EBITDA margin of 12.5%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cotton yarn manufacturing. Cotton yarn manufacturing, materials-heavy and capital-intensive, newly listed
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY26 |
|---|---|
| Revenue | 273 |
| EBITDA (ex other income) | 33 |
| margin % | 12.1 |
| Owners' profit | 14 |
| EPS, as reported (₹) | 4.67 |
| ROE % · ROCE % | 7.1 · 11.9 |
| Debt / equity (x) | 0.15 |
| Cash from operations | (23) |
| Capex | (16) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 93 | 48 | 93 |
| Profit before tax | 2 | 5 | 6 |
| Net profit | 4 | 3 | 4 |
| EPS (₹) | 1.27 | 1.13 | 1.19 |
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. | 35,410 | 38.8 | 6.21 | 25.6 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,311 | 73.9 | 4.08 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,333 | 16.6 | 1.35 | 11.0 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,018 | 27.7 | 2.31 | 13.5 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,338 | 55.3 | 3.54 | 20.1 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,621 | 36.8 | 5.63 | 23.8 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,197 | 22.0 | 2.79 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,161 | 68.6 | 2.22 | 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) | 9.5 | 16.5 | 51 of 179 | 72% |
| P/B | 0.7 | 1.1 | 55 of 185 | 69% |
| ROCE | 7.7 | 4.3 | 73 of 215 | 66% |
| ROE | 7.1 | 4.7 | 70 of 188 | 63% |
| Debt / Equity | 0.1 | 0.4 | 62 of 188 | 67% |
| EBITDA margin | 12.1 | 9.8 | 78 of 198 | 61% |
| Market cap | 137 | 59 | 75 of 223 | 67% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Board to approve September-quarter monitoring agency report | compliance | low | — | — |
| 24 Oct 2026 · Newspaper publication of unaudited September 2026 quarter results | compliance | minimal | — | — |
| 20 Oct 2026 · IPO fund use revised: Wind power plan scaled down, surplus redirected | compliance | low | — | — |
| 20 Oct 2026 · Q2 FY27 results: revenue up 51% YoY, PAT up 29%; negative operating cash flow | results | high | — | — |
| 15 Oct 2026 · Quarterly Compliance Certificate under SEBI Regulation 74(5) for Jul-Sep 2026 | compliance | minimal | — | — |
| 14 Oct 2026 · Board Meeting on 20 Oct 2026 to approve Q2 financials | results | low | — | — |
| 27 Sept 2026 · Trading Window Closure for Q2 FY26 Results | compliance | minimal | — | — |
| 26 Sept 2026 · Shree Ram Twistex AGM 2026 voting results - all 3 resolutions passed | board shareholder meetings | low | — | — |
| 24 Sept 2026 · Shree Ram Twistex 13th AGM held on September 24, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Shree Ram Twistex 13th AGM notice for September 24, 2026 via video conferencing | 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.