BSE: 531411
TUNI TEXTILE MILLS LTD.
Manufactures and sells textile products classified under 'Other Textile Products' within India's textiles and apparels industry. BSE-listed, the company reported FY26 revenue from operations of Rs. 114.6824 crore per scale data, with newspaper filings showing Rs. 11,484.26 Lakhs versus Rs. 7,668.71 Lakhs in FY25. Net profit for FY26 was Rs. 0.9366 crore with an EBITDA margin of 3.54%, reflecting thin profitability. The business is working-capital intensive: operating cash flow was Rs. -1,018.87 Lakhs in FY26 due to Rs. 1,931.40 Lakhs of inventory buildup and Rs. 734.14 Lakhs increase in trade receivables, financed largely through Rs. 1,196.32 Lakhs of short-term borrowings. A prior rights issue of about Rs. 42.32 crore was undersubscribed and devolved with no shares allotted, and the board approved a fresh rights issue of up to Rs. 49 crore in March 2026 to raise further equity. Narendra Kumar Sureka serves as Managing Director, and audited results are published in English and Marathi newspapers, indicating Maharashtra-based operations. The cost breakdown lists raw materials as the largest input cost component, followed by employee and other operating expenses. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Textile products. Thin-margin, working-capital-intensive textile manufacturing
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 42 | 43 | 56 | 76 | 115 |
| EBITDA (ex other income) | 1 | 1 | 2 | 3 | 4 |
| margin % | 3.4 | 3.0 | 3.6 | 3.5 | 3.4 |
| Owners' profit | 0 | 0 | 0 | 1 | 1 |
| EPS, as reported (₹) | 0.02 | 0.02 | 0.03 | 0.04 | 0.07 |
| ROE % · ROCE % | 2.2 · 8.0 | 2.0 · 9.4 | 2.4 · 12.3 | 4.1 · 17.6 | 6.2 · 23.6 |
| Debt / equity (x) | 0.82 | 0.78 | 0.96 | 1.20 | 1.97 |
| Cash from operations | (2) | 2 | (1) | (1) | (10) |
| Capex | (0) | (1) | (0) | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16 | 20 | 17 | 23 | 30 | 45 | 17 | 23 |
| Profit before tax | 0 | 0 | 0 | 0 | 1 | 0 | (0) | 0 |
| Net profit | 0 | 0 | 0 | 0 | 1 | 0 | (0) | 0 |
| EPS (₹) | 0.11 | 0.11 | 0.12 | 0.02 | 0.04 | 0.02 | (0.01) | 0.02 |
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) | 29.9 | 16.8 | 122 of 179 | 32% |
| P/B | 1.8 | 1.1 | 126 of 185 | 32% |
| ROCE | 8.8 | 4.3 | 61 of 215 | 72% |
| ROE | 6.3 | 4.7 | 78 of 188 | 59% |
| Debt / Equity | 2.0 | 0.4 | 168 of 188 | 11% |
| EBITDA margin | 4.4 | 9.8 | 145 of 198 | 27% |
| Revenue growth | 2.9 | 6.9 | 106 of 192 | 45% |
| Profit growth | 29.6 | 20.0 | 92 of 203 | 55% |
| Market cap | 27 | 61 | 153 of 223 | 32% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Allotment of 4.69 crore rights shares at Rs 1 each | corporate actions | high | — | — |
| 16 Oct 2026 · Newspaper publication of Q2FY27 unaudited results | compliance | minimal | — | — |
| 15 Oct 2026 · Tuni Textile Mills Q2 FY27 PAT up 113%, revenue up 17% | results | high | — | — |
| 9 Oct 2026 · Board meeting on Oct 15, 2026 to approve Q2FY27 results | results | low | — | — |
| 7 Oct 2026 · RTA certificate under Reg 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 7 Oct 2026 · RTA Certificate under Regulation 74(5) for Sept 2026 quarter | compliance | minimal | — | — |
| 7 Oct 2026 · Nil report on non-convertible securities for QE Sept 30, 2026 | compliance | minimal | — | — |
| 30 Sept 2026 · Tuni Textile Mills shifts registered office to Andheri East | general | low | — | — |
| 29 Sept 2026 · No non-convertible securities issued; Reg 57(4) not applicable for Q3 FY27 | compliance | minimal | — | — |
| 29 Sept 2026 · Trading window closure for Q2 results at Tuni Textile Mills | compliance | minimal | — | — |
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.