AB Cotspin India Ltd
Incorporated in 1997, A B Cotspin India Ltd is in the business of manufacturing of cotton yarn, knitted fabric, cottonseed oil and oil cakes[1]
- Market Cap ₹ 905 Cr.
- Current Price ₹ 412
- High / Low ₹ 516 / 214
- Stock P/E 75.8
- Book Value ₹ 67.3
- Dividend Yield 0.00 %
- ROCE 10.2 %
- ROE 11.2 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 6.12 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -15.3%
- Company has a low return on equity of 10.0% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 47.4 to 58.6 days.
- Working capital days have increased from 55.2 days to 82.8 days
* 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 108 | 121 | 121 | 94 | 115 | 141 | 169 | 256 | 298 | 292 | |
| 99 | 113 | 113 | 88 | 105 | 126 | 159 | 229 | 268 | 260 | |
| Operating Profit | 9 | 8 | 8 | 6 | 10 | 14 | 10 | 26 | 30 | 32 |
| OPM % | 9% | 7% | 6% | 6% | 9% | 10% | 6% | 10% | 10% | 11% |
| 0 | 0 | -0 | 0 | 0 | 0 | 1 | 1 | 3 | 2 | |
| Interest | 5 | 3 | 3 | 2 | 2 | 2 | 4 | 9 | 10 | 10 |
| Depreciation | 4 | 4 | 3 | 3 | 3 | 3 | 5 | 10 | 9 | 9 |
| Profit before tax | 1 | 1 | 2 | 1 | 5 | 9 | 3 | 8 | 13 | 16 |
| Tax % | 14% | 11% | 34% | 28% | 29% | 25% | 25% | 21% | 26% | |
| 1 | 1 | 1 | 1 | 4 | 7 | 2 | 7 | 10 | 12 | |
| EPS in Rs | 2.83 | 4.62 | 4.74 | 3.44 | 15.71 | 6.64 | 1.88 | 6.51 | 6.08 | 8.72 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 28% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 63% |
| 3 Years: | 14% |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 115% |
| 1 Year: | 74% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 10% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 10 | 10 | 10 | 17 |
| Reserves | 13 | 13 | 15 | 15 | 19 | 28 | 32 | 58 | 94 |
| 28 | 42 | 34 | 29 | 36 | 31 | 98 | 122 | 166 | |
| 7 | 8 | 4 | 6 | 6 | 13 | 9 | 8 | 12 | |
| Total Liabilities | 51 | 66 | 55 | 53 | 64 | 83 | 149 | 198 | 288 |
| 30 | 27 | 24 | 22 | 25 | 23 | 77 | 72 | 66 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 19 | 0 | 0 | 33 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 1 | 0 |
| 21 | 39 | 31 | 31 | 39 | 41 | 68 | 125 | 189 | |
| Total Assets | 51 | 66 | 55 | 53 | 64 | 83 | 149 | 198 | 288 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 6 | 10 | 7 | -0 | 14 | -24 | -32 | -17 | ||
| -0 | -0 | -1 | -5 | -15 | -41 | -3 | -49 | ||
| -6 | -11 | -7 | 5 | 2 | 64 | 35 | 66 | ||
| Net Cash Flow | 0 | -1 | -1 | 0 | 1 | -1 | -0 | -0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 23 | 22 | 28 | 35 | 23 | 21 | 29 | 54 | 59 |
| Inventory Days | 52 | 106 | 74 | 97 | 119 | 64 | 116 | 121 | 127 |
| Days Payable | 8 | 17 | 3 | 16 | 3 | 8 | 4 | 2 | 3 |
| Cash Conversion Cycle | 67 | 111 | 99 | 116 | 140 | 77 | 141 | 174 | 182 |
| Working Capital Days | 25 | 4 | 12 | 11 | 34 | 27 | 31 | 52 | 83 |
| ROCE % | 9% | 9% | 6% | 14% | 18% | 6% | 11% | 10% |
Documents
Announcements
-
Copy of Newspaper Publication
6 September 2025 - Notice of 27th Annual General Meeting and e-voting published 06 Sep 2025.
-
General Updates
6 September 2025 - Dispatch of annual report link; AGM on Sep 29, 2025; cut-off Aug 29, 2025; KYC update reminder.
-
Shareholders meeting
6 September 2025 - AGM on Sep 29, 2025; adopt FY2024-25 financials; reappoint MD Deepak Garg (₹20,00,000 p.a.); shift registered office.
-
Copy of Newspaper Publication
4 September 2025 - ABCOTS: 28th AGM on 29 Sep 2025 via VC/OAVM; advertisement published 4 Sep 2025.
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General Updates
3 September 2025 - Board approved MD/WTD and two independent directors' reappointments (Mar 9,2026–Mar8,2031); auditors appointed; office shift, subject to AGM.
Business Overview:[1]
a) ABCIL is in the business of cotton ginning, manufacturing & trading of cotton yarn and fabrics both combed and karded
b) It sells its products to textile in Punjab and Haryana
c) Company is also engaged in extraction of oil and production of cakes from cotton seeds (by-product of the ginning process)
d) It manufactures yarn in various types including 100% cotton yarn of counts 20-30s, double yarn of counts 20-30s, slub yarn, etc.
e) Company produces knitted fabrics, which includes combed, carded, and slub fabrics
f) The requirement of yarn of knitted fabric manufacturing unit is met in-house