Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2.04 | 6.14 | 5.09 | 3.07 | 5.26 | 10.26 | 6.35 | 1.91 | 6.59 | 10.14 | 5.97 | 2.00 |
| Expenses | 1.84 | 5.93 | 4.93 | 2.92 | 5.00 | 10.06 | 6.18 | 1.79 | 6.44 | 9.98 | 5.86 | 1.89 |
| Operating Profit | 0.20 | 0.21 | 0.16 | 0.15 | 0.26 | 0.20 | 0.17 | 0.12 | 0.15 | 0.16 | 0.11 | 0.11 |
| OPM % | 9.80% | 3.42% | 3.14% | 4.89% | 4.94% | 1.95% | 2.68% | 6.28% | 2.28% | 1.58% | 1.84% | 5.50% |
| Other Income | 0.03 | 0.04 | 0.00 | 0.12 | 0.23 | 0.01 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.03 | 0.01 | 0.01 |
| Depreciation | 0.20 | 0.23 | 0.18 | 0.14 | 0.14 | 0.14 | 0.14 | 0.11 | 0.12 | 0.12 | 0.13 | 0.10 |
| Profit before tax | 0.03 | 0.02 | -0.02 | 0.13 | 0.35 | 0.07 | 0.02 | 0.01 | 0.02 | 0.01 | -0.03 | 0.01 |
| Tax % | 0.00% | 50.00% | 0.00% | 23.08% | 25.71% | 28.57% | 100.00% | 0.00% | 0.00% | 100.00% | 33.33% | 0.00% |
| Net Profit | 0.02 | 0.02 | -0.02 | 0.10 | 0.26 | 0.05 | -0.01 | 0.00 | 0.01 | 0.01 | -0.03 | 0.00 |
| EPS in Rs | 0.03 | 0.03 | -0.03 | 0.14 | 0.36 | 0.07 | -0.01 | 0.00 | 0.01 | 0.01 | -0.04 | 0.00 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7.48 | 7.27 | 11.02 | 10.34 | 9.72 | 7.85 | 13.71 | 13.21 | 16.62 | 24.89 | 24.47 | 24.70 |
| Expenses | 7.21 | 7.02 | 10.73 | 10.11 | 9.29 | 7.50 | 13.20 | 12.61 | 15.74 | 24.11 | 23.90 | 24.17 |
| Operating Profit | 0.27 | 0.25 | 0.29 | 0.23 | 0.43 | 0.35 | 0.51 | 0.60 | 0.88 | 0.78 | 0.57 | 0.53 |
| OPM % | 3.61% | 3.44% | 2.63% | 2.22% | 4.42% | 4.46% | 3.72% | 4.54% | 5.29% | 3.13% | 2.33% | 2.15% |
| Other Income | 0.13 | 0.10 | 0.17 | 0.40 | 0.25 | 0.25 | 0.12 | 0.33 | 0.01 | 0.35 | -0.01 | 0.01 |
| Interest | 0.00 | 0.00 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.04 | 0.01 | 0.01 | 0.06 | 0.06 |
| Depreciation | 0.32 | 0.29 | 0.37 | 0.44 | 0.54 | 0.57 | 0.49 | 0.61 | 0.81 | 0.56 | 0.49 | 0.47 |
| Profit before tax | 0.08 | 0.06 | 0.07 | 0.18 | 0.13 | 0.03 | 0.14 | 0.28 | 0.07 | 0.56 | 0.01 | 0.01 |
| Tax % | -50.00% | 33.33% | -28.57% | 22.22% | 15.38% | -33.33% | 0.00% | 7.14% | 0.00% | 28.57% | 200.00% | |
| Net Profit | 0.13 | 0.04 | 0.09 | 0.14 | 0.11 | 0.05 | 0.14 | 0.25 | 0.07 | 0.40 | -0.01 | -0.01 |
| EPS in Rs | 0.18 | 0.06 | 0.13 | 0.20 | 0.15 | 0.07 | 0.20 | 0.35 | 0.10 | 0.56 | -0.01 | -0.02 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 13% | 26% | 23% | 4% | ||
| Compounded Profit Growth | % | 14% | 14% | -103% | ||
| Stock Price CAGR | 16% | 3% | 12% | 4% | ||
| Return on Equity | 0% | 1% | 2% | 0% |
| 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 | 4.20 | 4.20 | 4.20 | 4.20 | 4.20 | 4.20 | 4.20 | 4.20 | 4.20 | 4.20 | 7.14 | 7.14 |
| Reserves | 1.64 | 1.77 | 1.81 | 1.90 | 2.04 | 2.14 | 2.19 | 2.33 | 2.58 | 2.65 | 0.11 | 0.10 |
| Borrowings | -0.21 | 0.00 | 0.13 | 0.20 | 0.10 | 0.01 | 0.00 | 0.00 | 0.09 | 0.05 | 0.02 | 0.68 |
| Other Liabilities | 1.87 | 1.57 | 2.53 | 3.43 | 5.54 | 4.83 | 3.54 | 3.02 | 3.55 | 1.07 | 0.47 | 3.46 |
| Total Liabilities | 7.50 | 7.54 | 8.67 | 9.73 | 11.88 | 11.18 | 9.93 | 9.55 | 10.42 | 7.97 | 7.74 | 11.38 |
| Fixed Assets | 1.68 | 1.36 | 2.61 | 2.56 | 2.95 | 3.12 | 2.55 | 2.52 | 4.43 | 3.13 | 2.58 | 5.88 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.83 | 0.93 | 2.61 | 3.64 | 3.99 | 3.89 | 2.92 | 2.19 | 0.10 | 0.72 | 0.72 | 0.83 |
| Other Assets | 4.99 | 5.25 | 3.45 | 3.53 | 4.94 | 4.17 | 4.46 | 4.84 | 5.89 | 4.12 | 4.44 | 4.67 |
| Total Assets | 7.50 | 7.54 | 8.67 | 9.73 | 11.88 | 11.18 | 9.93 | 9.55 | 10.42 | 7.97 | 7.74 | 11.38 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.49 | -0.27 | 1.75 | 1.56 | 1.66 | -0.14 | -1.12 | -0.74 | 1.03 | 0.24 | -0.76 | 3.13 |
| Cash from Investing Activity | -0.02 | -0.10 | -2.25 | -1.17 | -0.79 | -0.39 | 1.28 | 0.33 | -0.12 | -0.12 | 0.10 | -3.96 |
| Cash from Financing Activity | -0.15 | 0.21 | 0.12 | 0.05 | -0.12 | -0.12 | -0.01 | 0.00 | 0.05 | -0.04 | -0.04 | 0.60 |
| Net Cash Flow | 0.32 | -0.16 | -0.38 | 0.44 | 0.74 | -0.66 | 0.14 | -0.41 | 0.96 | 0.08 | -0.71 | -0.22 |
| Free Cash Flow | 0.47 | -0.35 | 1.02 | 1.36 | -0.02 | -0.82 | -1.12 | -1.20 | -1.46 | 0.73 | -0.78 | 2.22 |
| CFO/OP | 106% | -93% | 708% | 541% | 722% | -26% | -314% | -143% | 175% | 32% | -90% | 570% |
| 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 | 40.99 | 44.41 | 62.26 | 51.67 | 69.19 | 52.57 | 66.96 | 50.85 | 43.66 | 12.74 | 18.77 | 29.38 |
| Inventory Days | 117.86 | 201.32 | 127.18 | 39.11 | 43.46 | 79.19 | 118.33 | 63.53 | 70.57 | 36.99 | 23.31 | 15.82 |
| Days Payable | 100.42 | 118.67 | 209.07 | 186.47 | 264.24 | 279.85 | 273.33 | 113.36 | 114.97 | 32.13 | 5.24 | 68.94 |
| Cash Conversion Cycle | 58.43 | 127.06 | -19.63 | -95.69 | -151.59 | -148.09 | -88.04 | 1.02 | -0.74 | 17.59 | 36.84 | -23.74 |
| Working Capital Days | 68.17 | 99.06 | 21.59 | -29.48 | -86.48 | -67.59 | -13.02 | 26.89 | 14.92 | 25.04 | 39.45 | 1.94 |
| ROCE % | 1.59% | 1.38% | -0.33% | -1.29% | -3.01% | -1.10% | -2.67% | 1.70% | 0.00% | 1.16% | 7.48% | 1.18% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 59.21% | 59.21% | 59.21% | 59.21% | 59.21% | 59.21% | 59.21% | 59.21% | 59.21% | 59.21% | 59.21% | 59.21% |
| Public | 40.78% | 40.79% | 40.79% | 40.79% | 40.80% | 40.80% | 40.79% | 40.80% | 40.79% | 40.78% | 40.78% | 40.79% |
| No. of Shareholders | 879 | 887 | 891 | 932 | 2,972 | 3,294 | 3,114 | 2,995 | 2,968 | 2,951 | 2,911 | 2,772 |
Fundamentals
Market Cap₹ 22.8 Cr.
Current Price₹ 32.0
Book Value₹ 10.1
ROCE1.18 %
ROE-0.14 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)-103%
Standalone figures.
Valuation
Market capRs 22 Cr
Enterprise valueRs 22 Cr
Price to book3.11x
Price to sales0.91x
EV / EBITDA41.34x
EV / EBIT318.91x
EV / sales0.90x
Price to cash flow7.19x
Earnings yield-0.04%
P/E, 3-year average97.96x
P/B, 3-year average2.32x
P/E, 5-year average65.33x
P/B, 5-year average1.76x
Profitability
Operating margin (excl. other income)2.33%
Operating margin (incl. other income)2.29%
EBITDA margin2.19%
Pre-tax margin0.04%
Net profit margin-0.04%
ROE-0.14%
ROCE0.92%
ROA-0.10%
ROE, 3-year average2.19%
ROCE, 3-year average3.38%
ROA, 3-year average1.92%
ROE, 5-year average2.50%
ROCE, 5-year average3.41%
ROA, 5-year average1.94%
ROIC (approx.)-0.99%
Tax rate200.00%
Other income / net worth-0.14%
Growth
Sales growth (latest year)-1.69%
Profit growth (latest year)-102.50%
Sales CAGR, 3 years22.81%
Sales CAGR, 5 years25.53%
Sales growth QoQ-66.50%
Sales growth YoY (latest quarter)4.71%
Per share
EPS (TTM)Rs -0.01
EPS (latest year)Rs -0.01
EPS, 3-year averageRs 0.24
EPS, 5-year averageRs 0.33
Book value per shareRs 10.14
Sales per shareRs 34.59
Cash flow per shareRs 4.38
Free cash flow per shareRs 3.11
Efficiency
Asset turnover2.15x
Fixed asset turnover4.16x
Inventory turnover29.21x
Inventory days12 days
Debtor days29 days
Debtors turnover12.42x
Creditor days69 days
Cash conversion cycle-24 days
Working capital days2 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 1 Cr
Net debtRs -0 Cr
Debt to equity0.09x
Net debt / EBITDA-0.31x
Interest coverage1.17x
Owners' fund to total sources63.62%
Debt to assets5.98%
Cash flow
Cash from Operating Activity (latest year)Rs 3 Cr
Cash from Investing Activity (latest year)Rs -4 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 2 Cr
FCFE (approx.: FCF + change in debt)Rs 3 Cr
Cash from ops / profit, 5 years3.41x
Sales to cash flow7.82x
Statement figures
Net sales (TTM)Rs 25 Cr
Net sales (latest year)Rs 24 Cr
Sales (latest quarter)Rs 2 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs -0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs -0 Cr
Net profit (latest year)Rs -0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 23 Cr
Total expenditure (latest year)Rs 24 Cr
Total income (latest year)Rs 24 Cr
Share capitalRs 7 Cr
ReservesRs 0 Cr
Shareholders' fundsRs 7 Cr
Total assetsRs 11 Cr
Net blockRs 6 Cr
InvestmentsRs 1 Cr
ReceivablesRs 2 Cr
InventoryRs 1 Cr
Other liabilitiesRs 3 Cr
Shares outstanding (crore)0.71
Ownership
Promoter holding59.21% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 3.11 is at the 72th percentile (median 2.57).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 538838 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +3.8% | -2.8% | +6.6 pts |
| 1 month | -11.2% | -6.8% | -4.5 pts |
| 3 months | +14.0% | -7.6% | +21.6 pts |
| 3 years | +35.3% | +14.2% | +21.1 pts |
| 5 years | +8.5% | +27.9% | -19.4 pts |
Red flags
F-score 3 of 8| explain | Debt up, profit down Borrowings up 3300% while net profit fell in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹2 Cr +4.7% vs Jun 2025.
Net profit ₹0 Cr.
Activity
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| Sanathan Textiles Ltd | 4,352 | 71.6 | 6.89 % |
| Raymond Lifestyle Ltd | 4,026 | 27.0 | 3.52 % |
| Alok Industries Ltd | 3,501 | -3.95 % | |
| Nitin Spinners Ltd | 3,403 | 16.1 | 12.2 % |
| Sangam (India) Ltd | 3,248 | 25.8 | 10.7 % |
| Ganesha Ecosphere Ltd | 2,703 | 47.8 | 5.58 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Indo Cotspin Ltd?
Indo Cotspin Ltd (538838) has a market capitalisation of Rs 22.8 Cr. at the 2026-10-01 close.
What were Indo Cotspin Ltd's latest quarterly results?
In the Jun 2026 quarter, Indo Cotspin Ltd sales was Rs 2 Cr (+4.7% vs Jun 2025) and net profit was Rs 0 Cr.