Patspin India Ltd

₹ 6.51 -1.81%

18 Aug 1:45 p.m.

About

Incorporated in 1991, Patspin India Ltd is engaged in the manufacture and export of cotton yarn.^[1]

Key Points

Business Overview:^[1]^[2]
PIL is a part of the Kerala based GTN group. The co.
is in the business of production and sale of cotton yarn (counts ranging from 20s to 100s). Also,it is also engaged in value-addingactivities like TFO (Two-For-One) twisting and gassing of textile yarn. Presently, PIL is carrying on job work due to paucity of funds and has proposed to carry on own manufacturing activities
soon.

Website BSE

Market Cap ₹ 20.1 Cr.
Current Price ₹ 6.51
High / Low ₹ 11.5 / 5.87
Stock P/E
Book Value ₹ -14.6
Dividend Yield 0.00 %
ROCE -8.85 %
ROE %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -20.7% over past five years.
Promoters have pledged 36.3% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	13.45	10.75	10.03	9.61	13.65	11.57	10.78	11.33	11.19	13.75	11.00	10.58	11.01
	14.91	11.01	11.20	10.57	14.23	11.33	11.24	11.45	11.45	14.45	12.33	11.24	11.23
Operating Profit	-1.46	-0.26	-1.17	-0.96	-0.58	0.24	-0.46	-0.12	-0.26	-0.70	-1.33	-0.66	-0.22
OPM %	-10.86%	-2.42%	-11.67%	-9.99%	-4.25%	2.07%	-4.27%	-1.06%	-2.32%	-5.09%	-12.09%	-6.24%	-2.00%
	0.10	0.05	2.39	5.34	0.78	0.23	0.26	0.23	0.24	0.06	0.55	0.25	0.14
Interest	1.74	2.03	2.19	1.58	1.84	1.88	1.83	1.85	1.60	1.65	1.69	1.69	1.75
Depreciation	0.77	0.88	0.76	0.73	0.73	0.76	0.73	0.75	0.74	0.74	0.74	0.70	0.71
Profit before tax	-3.87	-3.12	-1.73	2.07	-2.37	-2.17	-2.76	-2.49	-2.36	-3.03	-3.21	-2.80	-2.54
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	-3.87	-3.12	-1.73	2.07	-2.37	-2.17	-2.76	-2.49	-2.36	-3.03	-3.21	-2.80	-2.54
EPS in Rs	-1.25	-1.01	-0.56	0.67	-0.77	-0.70	-0.89	-0.81	-0.76	-0.98	-1.04	-0.91	-0.82
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	554	496	532	523	549	393	148	143	75	44	47	47	46
	521	448	478	492	514	394	152	124	83	48	48	49	49
Operating Profit	34	49	54	31	34	-1	-4	19	-8	-4	-1	-3	-3
OPM %	6%	10%	10%	6%	6%	-0.2%	-2.8%	14%	-11%	-8%	-1.9%	-6%	-6%
	1	1	6	10	2	2	0	0	8	8	2	1	1
Interest	31	37	35	33	29	27	24	23	11	8	7	7	7
Depreciation	12	12	12	10	10	10	10	10	7	3	3	3	3
Profit before tax	-8	1	13	-3	-3	-36	-38	-13	-18	-7	-10	-11	-12
Tax %	-21%	-37%	24%	62%	-23%	-34%	0%	0%	0%	0%	0%	0%
	-6	1	10	-4	-2	-24	-38	-13	-18	-7	-10	-11	-12
EPS in Rs	-2.10	0.25	3.24	-1.41	-0.76	-7.77	-12.28	-4.33	-5.87	-2.15	-3.17	-3.69	-3.75
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-21%
5 Years:	-21%
3 Years:	-15%
TTM:	3%

Compounded Profit Growth
10 Years:	%
5 Years:	12%
3 Years:	17%
TTM:	-8%

Stock Price CAGR
10 Years:	-3%
5 Years:	-4%
3 Years:	-16%
1 Year:	-40%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	31	31	31	31	31	31	31	31	31	31	31	31
Reserves	-27	-26	36	31	27	3	-37	-49	-69	-75	-85	-76
	280	249	247	207	181	148	164	163	97	94	102	82
	64	68	68	89	109	89	70	61	38	39	34	43
Total Liabilities	348	322	382	358	348	270	228	206	98	89	82	79
	191	185	227	212	200	190	178	167	69	65	63	60
CWIP	4	0	0	0	0	0	0	0	0	0	0	0
Investments	4	2	1	1	0	0	0	0	0	0	0	0
	149	136	154	145	148	80	50	39	29	24	19	19
Total Assets	348	322	382	358	348	270	228	206	98	89	82	79

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	75	65	47	48	38	51	-1	-1	6	7	1	-0
	-12	0	12	7	3	2	1	-0	92	3	-0	1
	-67	-62	-59	-57	-39	-55	1	-1	-97	-11	-1	-1
Net Cash Flow	-4	3	-1	-3	2	-2	1	-2	1	-1	0	-0
Free Cash Flow	63	63	48	53	37	51	-1	-1	98	10	1	-0
CFO/OP	226%	135%	87%	156%	98%	-5,536%	15%	3%	-101%	-144%	44%	0%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	13	11	29	30	39	23	26	21	9	0	0	0
Inventory Days	71	82	86	75	62	33	66	79	50	7	10
Days Payable	50	63	57	80	95	100	198	228	281	1,216	1,571
Cash Conversion Cycle	33	30	58	26	5	-45	-106	-128	-222	-1,209	-1,561	0
Working Capital Days	-22	-36	-43	-48	-56	-108	-398	-462	-194	-392	-411	-582
ROCE %	7%	14%	15%	7%	10%	-4%	-8%	6%	-15%	-2%	-5%	-9%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Export Revenue Share of Total Revenue
%

xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	x.xx	x.xx	x.xx	x.xx
x.xx	x.xx	x.xx	x.xx	x.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
x	x	x	x	x	x	x	x	x	x
x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	xxx	xxx
xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xxx,xxx	xx,xxx

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Job Work Revenue Share of Total Revenue
%

Number of Plants
count

Number of Employees
count

Compact Spinning Spindle Capacity
spindles

Ring Spinning Spindle Capacity
spindles

Total Installed Spindle Capacity
spindles

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	34.98%	34.99%	34.99%	34.99%	34.98%	34.99%	35.00%	34.99%	34.98%	34.98%	34.98%	34.98%
No. of Shareholders	13,760	13,818	13,830	13,777	13,930	13,879	13,882	13,782	13,711	13,642	13,571	13,524

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%	65.00%
	0.00%	0.00%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	34.98%	34.98%	34.79%	34.99%	34.99%	34.99%	34.98%	34.99%	35.00%	34.98%	34.98%
No. of Shareholders	17,444	17,754	17,425	14,736	14,316	14,662	13,936	13,830	13,882	13,571	13,524

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Patspin India Ltd

Patspin India Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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