Spins cotton yarn for textile buyers in Bangladesh and China, with FY26 revenue of Rs 2,495.86 crore and EBITDA margin of 12.04%. Cotton, at 68.3% of revenue, is the dominant cost. Bangladesh is the largest export market; China's share of its exports has surged from 2-3% to 10-12%, while China overall now absorbs 25-30% of India's monthly cotton yarn exports. Existing plants are running at 95-96% utilisation. An INR 1,000 crore greenfield project adding 150,000 spindles is on track for Q3 FY27 commissioning, with management targeting 97-98% utilisation within six months. Two acquisitions have been approved — a majority stake in Marvel Dyers (dyeing/finishing, turnover Rs 55.83 crore) and a slump-sale purchase of Sobhagia Sales (readymade garments) — expected to close by end CY2026 and add about Rs 200 crore in revenue. A 40 MW solar plant commissioned in May 2026 is expected to save Rs 14-15 crore annually in power costs. Cotton-yarn spreads are at near 3-year highs of over $1/kg, supporting margins into FY27, with FY27 consolidated revenue guided at Rs 2,700-2,800 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cotton yarn (spinning), Dyeing and finishing, Readymade garments. Asset-heavy spinning with export-oriented yarn sales, sensitive to cotton spreads and FX
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,154 | 2,205 | 2,377 | 2,524 | 2,496 |
| EBITDA (ex other income) | 596 | 249 | 205 | 263 | 286 |
| margin % | 27.7 | 11.3 | 8.6 | 10.4 | 11.5 |
| Owners' profit | 409 | 132 | 70 | 109 | 120 |
| EPS, as reported (₹) | 308.00 | 99.33 | 54.97 | 8.57 | 9.39 |
| ROE % · ROCE % | 53.3 · 61.7 | 14.7 · 16.6 | 7.8 · 11.6 | 10.9 · 14.3 | 10.7 · 14.2 |
| Debt / equity (x) | 0.70 | 0.53 | 0.97 | 0.58 | 0.41 |
| Cash from operations | 96 | 520 | (236) | 415 | 292 |
| Capex | (79) | 0 | (105) | (70) | (34) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 652 | 610 | 629 | 586 | 627 | 646 | 637 | 704 |
| Profit before tax | 33 | 22 | 51 | 48 | 38 | 33 | 44 | 102 |
| Net profit | 25 | 16 | 36 | 35 | 28 | 25 | 33 | 76 |
| EPS (₹) | 1.97 | 1.28 | 2.81 | 2.77 | 2.22 | 1.94 | 2.55 | 5.98 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · CRISIL reaffirms Sportking ratings A+/Positive; bank loan limit raised to Rs 1,525 cr | credit debt | medium | — | — |
| 25 Aug 2026 · Corrigendum to FY 2025-26 Annual Report | compliance | minimal | — | — |
| 24 Aug 2026 · Corrigendum to FY26 Annual Report - Equity figures corrected | results | low | — | — |
| 19 Aug 2026 · Crisil revises outlook to Positive; ratings reaffirmed | credit debt | high | — | — |
| 18 Aug 2026 · TDS on Final Dividend FY26 - Shareholder Communication | compliance | low | — | — |
| 18 Aug 2026 · Special Window for Demat of Physical Shares Open Until Feb 4, 2027 | compliance | minimal | — | — |
| 18 Aug 2026 · AGM on Sep 12 2026, Re 1 dividend, book closure Sep 5, e-voting Sep 9 to 11 | compliance | minimal | — | — |
| 17 Aug 2026 · Letter to Members - FY26 Annual Report and 37th AGM Notice | compliance | minimal | — | — |
| 17 Aug 2026 · Sportking India sets 5 Sept 2026 as record date for final dividend | corporate actions | medium | — | — |
| 17 Aug 2026 · Sportking India fixes 05 Sep 2026 as record date for final dividend | corporate actions | medium | — | — |
| 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 |
| 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 | 97.2 | 0.44 | 7.7 | 0.5 | 0.7 | — | 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 16.9 | 14.8 | 113 of 205 | 45% |
| P/B | 2.5 | 1.3 | 139 of 183 | 24% |
| ROCE | 11.1 | 4.2 | 51 of 227 | 78% |
| ROE | 10.7 | 4.8 | 59 of 214 | 73% |
| Debt / Equity | 0.4 | 0.3 | 121 of 214 | 44% |
| EBITDA margin | 19.1 | 9.8 | 34 of 198 | 83% |
| Revenue growth | 20.1 | 6.9 | 57 of 192 | 71% |
| Profit growth | 116.1 | 20.0 | 49 of 203 | 76% |
| Market cap | 2767 | 63 | 14 of 221 | 94% |
| 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.
