Pashupati Cotspin Ltd
Incorporated in 2017, Pashupati Cotspin
Ltd Cotton does ginning, manufacture
and processing of yarn[1]
- Market Cap ₹ 1,548 Cr.
- Current Price ₹ 981
- High / Low ₹ 1,102 / 596
- Stock P/E 97.1
- Book Value ₹ 102
- Dividend Yield 0.05 %
- ROCE 11.5 %
- ROE 9.44 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Debtor days have improved from 36.6 to 24.2 days.
Cons
- Stock is trading at 9.66 times its book value
- The company has delivered a poor sales growth of 9.91% over past five years.
- Company has a low return on equity of 7.00% over last 3 years.
- Earnings include an other income of Rs.17.6 Cr.
- Promoter holding has decreased over last 3 years: -6.88%
* 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 72 | 252 | 248 | 276 | 334 | 538 | 397 | 441 | 661 | 443 | 658 | 637 | 623 | |
| 69 | 239 | 235 | 249 | 310 | 495 | 375 | 408 | 622 | 426 | 628 | 612 | 600 | |
| Operating Profit | 3 | 13 | 13 | 27 | 25 | 42 | 22 | 33 | 39 | 17 | 30 | 25 | 23 |
| OPM % | 5% | 5% | 5% | 10% | 7% | 8% | 5% | 7% | 6% | 4% | 5% | 4% | 4% |
| 3 | 14 | 15 | 10 | 0 | -2 | 5 | 2 | 4 | 8 | 9 | 14 | 18 | |
| Interest | 6 | 15 | 13 | 13 | 10 | 16 | 12 | 12 | 13 | 10 | 17 | 13 | 11 |
| Depreciation | 1 | 5 | 5 | 9 | 8 | 13 | 13 | 15 | 14 | 9 | 11 | 9 | 9 |
| Profit before tax | -1 | 7 | 9 | 16 | 7 | 11 | 1 | 7 | 16 | 6 | 11 | 17 | 21 |
| Tax % | -128% | -16% | 10% | -44% | 109% | 13% | -144% | 28% | 31% | 33% | 26% | 24% | |
| 0 | 8 | 8 | 23 | -1 | 9 | 3 | 5 | 11 | 4 | 8 | 13 | 16 | |
| EPS in Rs | -0.62 | 9.20 | 3.10 | 3.47 | 7.28 | 2.69 | 5.43 | 8.16 | 10.11 | ||||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 5% | 16% | 22% | 10% | 28% | 14% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 10% |
| 3 Years: | -1% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 92% |
| 3 Years: | 5% |
| TTM: | 55% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 65% |
| 3 Years: | 113% |
| 1 Year: | 56% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 8% |
| 3 Years: | 7% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.00 | 0.00 | 0.00 | 8 | 10 | 10 | 11 | 15 | 15 | 15 | 15 | 16 | 16 |
| Reserves | 0 | 8 | 17 | 60 | 42 | 59 | 73 | 83 | 93 | 96 | 103 | 139 | 144 |
| 97 | 111 | 101 | 77 | 159 | 137 | 112 | 150 | 177 | 173 | 151 | 99 | 82 | |
| 27 | 32 | 31 | 12 | 26 | 36 | 48 | 16 | 21 | 23 | 41 | 30 | 39 | |
| Total Liabilities | 124 | 152 | 149 | 156 | 237 | 241 | 244 | 265 | 307 | 307 | 310 | 284 | 281 |
| 74 | 73 | 63 | 60 | 121 | 109 | 105 | 95 | 86 | 112 | 135 | 127 | 124 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 26 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 6 | 6 | 6 | 39 | 34 | 43 | 36 | 37 |
| 50 | 78 | 86 | 96 | 116 | 121 | 133 | 163 | 182 | 135 | 132 | 121 | 120 | |
| Total Assets | 124 | 152 | 149 | 156 | 237 | 241 | 244 | 265 | 307 | 307 | 310 | 284 | 281 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -11 | 9 | 38 | 24 | -18 | 44 | 29 | -11 | 22 | 65 | 52 | 29 | |
| -71 | -1 | -4 | -2 | -25 | -12 | -3 | -5 | -34 | -50 | -12 | 13 | |
| 84 | -8 | -34 | -22 | 40 | -32 | -26 | 16 | 13 | -15 | -41 | -42 | |
| Net Cash Flow | 1 | 0 | -0 | -1 | -3 | 0 | -0 | 0 | 1 | -0 | -1 | 0 |
| Free Cash Flow | -83 | 5 | 31 | 19 | -43 | 38 | 25 | -17 | 21 | 4 | 43 | 29 |
| CFO/OP | -344% | 71% | 295% | 90% | -75% | 106% | 131% | -28% | 60% | 411% | 172% | 117% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66 | 23 | 33 | 34 | 30 | 19 | 47 | 33 | 28 | 51 | 34 | 24 |
| Inventory Days | 119 | 35 | 29 | 33 | 82 | 49 | 54 | 72 | 40 | 34 | 26 | 27 |
| Days Payable | 21 | 6 | 1 | 14 | 4 | 6 | 8 | 4 | 4 | 7 | 17 | 6 |
| Cash Conversion Cycle | 164 | 52 | 60 | 54 | 108 | 62 | 93 | 101 | 64 | 78 | 44 | 44 |
| Working Capital Days | 217 | 94 | 40 | 41 | 20 | 11 | 19 | 45 | 34 | -11 | -7 | 14 |
| ROCE % | 10% | 21% | 19% | 17% | 10% | 15% | 5% | 9% | 11% | 6% | 10% | 12% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Installed Capacity - Spinning Division MT per Annum |
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| Solar Energy Capacity MW |
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| Actual Production - Ginning Division MT |
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| Actual Production - Spinning Division MT |
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| Installed Capacity - Ginning Division MT per Annum |
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| Number of Employees Count |
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| Number of Ginning Machines (DR Gins) Count |
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| Number of Spindles (Spinning Capacity) Count |
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| Wind Energy Capacity MW |
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Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
2d - MOA amended: authorized capital set at Rs.16,00,00,000 (16 crore equity shares of Re.1); approved March 30, 2026.
- Corporate Action-Intimation of Sub division / Stock Split 2d
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
2d - Sub-division and MOA amendment approved; 74,14,800 votes; e-voting closed Mar 29, results Mar 31, 2026.
-
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
2d - Postal ballot: equity split and MoA amendment approved; 74,14,800 votes in favor; results on March 29, 2026.
- Closure of Trading Window 26 Mar
Business Overview:[1]
PCL is listed on the SME Platform and is part of the Pashupati group which operates in the textile industry. It does cotton ginning and spinning of cotton yarn and manufactures cotton bales, cotton yarn and black cotton seeds