MarketFriction

RSWM Ltd

NSE RSWM · BSE 500350 · Other Textile Products
₹202.21 -3.06%
NSE close2026-10-01
52 week range120.00 - 238.00
Market cap₹997 Cr.
P/E13.9
Price band 20% Delivery 54.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,0079771,1711,2081,1661,1961,2561,1701,1511,0911,1421,161
Expenses9869621,1301,1601,1281,1451,1851,0981,0791,0231,0721,071
Operating Profit221541483851717372687090
OPM %2.2%1.6%3.5%4.0%3.3%4.2%6%6%6%6%6%8%
Other Income157897108912104179
Interest192532353634363532303133
Depreciation344242424139383939373839
Profit before tax-17-4557-22-28-146111141727
Tax %-46%-24%37%-33%-38%-35%77%24%34%46%-97%28%
Net Profit-9-3436-15-18-918723420
EPS in Rs-1.95-7.237.57-3.13-3.73-1.960.321.781.580.517.184.17
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,9332,9872,9402,9622,7712,3263,8173,7894,0584,8264,5544,545
Expenses2,5352,6602,7132,7982,5872,1513,3853,5413,9634,6174,2714,245
Operating Profit39832622716418417543224895209283301
OPM %14%11%8%6%7%8%11%7%2.3%4.3%6%7%
Other Income30354332433938105127344239
Interest12611011712010983687497140127125
Depreciation149132124124132128113127153161154154
Profit before tax15311828-47-133290152-28-584460
Tax %27%12%25%-19%7%-499%15%19%-26%-31%-19%
Net Profit11210421-38-1321246123-21-405263
EPS in Rs24.2422.104.45-8.13-2.854.4252.2826.08-4.47-8.5011.0413.44
Dividend Payout %26%28%22%0%0%0%24%19%-112%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%14%6%-5%
Compounded Profit Growth-8%57%-20%524%
Stock Price CAGR-3%1%4%44%
Return on Equity3%4%-2%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital232324242424242447474747
Reserves4106016859598277147681,0121,2701,2501,2501,314
Borrowings1,3021,3981,4641,5201,4411,1649261,1031,1571,8901,7161,688
Other Liabilities305262293293321312351435416506597569
Total Liabilities2,0402,2852,4662,7952,6122,2142,0692,5742,8903,6943,6113,617
Fixed Assets1,0351,1001,1751,0991,1501,0279219431,1151,5741,5461,526
CWIP126371539577143183323168
Investments9118018546532591122126124246283351
Other Assets7889681,0901,1911,1331,0881,0181,3611,4681,8421,7501,672
Total Assets2,0402,2852,4662,7952,6122,2142,0692,5742,8903,6943,6113,617
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity43833922216626323132021089-76426435
Cash from Investing Activity-276-124-154-61-581507-318-239-362-113-217
Cash from Financing Activity-161-215-68-97-205-390-326111147439-307-222
Net Cash Flow0008-0-913-316-5
Free Cash Flow1762085677157205314-119-156-297304290
CFO/OP134%92%76%75%164%135%169%55%47%-77%208%154%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days244646545645595144585351
Inventory Days819611711389120126871071138681
Days Payable181117162126392821284142
Cash Conversion Cycle871311461511241391471101291439889
Working Capital Days-10-6-11-11171627402334
ROCE %14%15%11%6%3%4%4%18%8%-0%3%6%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters55.69%55.69%55.69%55.69%55.69%55.69%55.69%55.69%55.69%55.69%55.69%55.69%
FIIs1.84%2.00%2.08%1.80%1.52%1.62%1.50%1.23%1.21%1.24%1.20%0.97%
DIIs0.07%0.08%0.07%0.12%0.27%0.65%0.45%0.45%0.45%0.45%0.43%0.52%
Government0.20%0.20%0.20%0.20%0.20%0.20%0.20%0.20%0.20%0.20%0.20%0.20%
Public42.19%42.03%41.95%42.18%42.30%41.83%42.17%42.43%42.44%42.41%42.48%42.62%
No. of Shareholders33,54633,46132,27731,43231,11530,36529,86829,27528,89927,99827,22526,513

Fundamentals

Market Cap₹ 997 Cr.
Current Price₹ 212
Stock P/E13.9
Book Value₹ 289
ROCE5.62 %
ROE3.83 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-5%
Compounded Profit Growth (TTM)524%
Consolidated figures.
Valuation
Market capRs 952 Cr
Enterprise valueRs 2,629 Cr
P/E (TTM)15.05x
Price to book0.70x
Price to sales0.21x
EV / EBITDA7.75x
EV / EBIT14.19x
EV / sales0.58x
Price to cash flow2.19x
Earnings yield6.65%
P/E, 3-year average10.93x
P/B, 3-year average0.50x
P/E, 5-year average6.40x
P/B, 5-year average0.53x
Profitability
Operating margin (excl. other income)6.22%
Operating margin (incl. other income)7.13%
EBITDA margin7.47%
Pre-tax margin1.32%
Net profit margin1.39%
Net margin, latest quarter1.69%
ROE3.91%
ROCE5.65%
ROA1.44%
ROE, 3-year average-0.26%
ROCE, 3-year average3.57%
ROA, 3-year average-0.10%
ROE, 5-year average7.32%
ROCE, 5-year average7.80%
ROA, 5-year average2.96%
ROIC (approx.)7.24%
Tax rate-18.66%
Other income / net worth3.06%
Growth
Sales growth (latest year)-5.63%
Sales CAGR, 3 years6.32%
Sales CAGR, 5 years14.38%
Profit CAGR, 3 years-24.91%
Profit CAGR, 5 years20.08%
Sales growth QoQ1.69%
Profit growth QoQ-41.93%
Sales growth YoY (latest quarter)-0.78%
Profit growth YoY (latest quarter)134.77%
Per share
EPS (TTM)Rs 13.44
EPS (latest year)Rs 11.04
EPS (latest quarter)Rs 4.17
EPS, 3-year averageRs -0.64
EPS, 5-year averageRs 25.74
Book value per shareRs 288.96
Sales per shareRs 964.95
Cash flow per shareRs 92.26
Free cash flow per shareRs 61.57
Dividend per share, 3-year averageRs 5.00
Dividend per share, 5-year averageRs 11.67
Dividends
Dividend payout, 5-year average21.54%
Efficiency
Asset turnover1.26x
Fixed asset turnover2.98x
Inventory turnover5.65x
Inventory days65 days
Debtor days51 days
Debtors turnover7.22x
Creditor days42 days
Cash conversion cycle89 days
Working capital days4 days
Leverage
Total debtRs 1,688 Cr
Cash and bankRs 11 Cr
Net debtRs 1,677 Cr
Debt to equity1.24x
Net debt / EBITDA4.94x
Interest coverage1.48x
Current ratio (filing 2026-03-31)1.04x
Quick ratio (filing 2026-03-31)0.63x
Trade payables (filing 2026-03-31)Rs 326 Cr
Owners' fund to total sources37.63%
Debt to assets46.66%
Cash flow
Cash from Operating Activity (latest year)Rs 435 Cr
Cash from Investing Activity (latest year)Rs -217 Cr
Cash from Financing Activity (latest year)Rs -222 Cr
Net Cash Flow (latest year)Rs -5 Cr
Free cash flow (latest year)Rs 290 Cr
FCFE (approx.: FCF + change in debt)Rs 261 Cr
Cash from ops / profit, 5 years3.01x
Sales to cash flow10.48x
Statement figures
Net sales (TTM)Rs 4,545 Cr
Net sales (latest year)Rs 4,554 Cr
Sales (latest quarter)Rs 1,161 Cr
Operating profit excl. other income (latest year)Rs 283 Cr
Operating profit (latest quarter)Rs 90 Cr
Other income (TTM)Rs 39 Cr
EBITDA (TTM)Rs 339 Cr
PBDT (TTM)Rs 214 Cr
Profit before tax (TTM)Rs 60 Cr
Tax (latest year)Rs -8 Cr
Net profit (TTM)Rs 63 Cr
Net profit (latest year)Rs 52 Cr
Net profit (latest quarter)Rs 20 Cr
Depreciation (TTM)Rs 154 Cr
Depreciation (latest quarter)Rs 39 Cr
Interest (TTM)Rs 125 Cr
Cost of goods sold (latest year)Rs 3,502 Cr
Total expenditure (latest year)Rs 4,271 Cr
Total income (latest year)Rs 4,596 Cr
Share capitalRs 47 Cr
ReservesRs 1,314 Cr
Shareholders' fundsRs 1,361 Cr
Total assetsRs 3,617 Cr
Net blockRs 1,526 Cr
Capital work in progressRs 68 Cr
InvestmentsRs 351 Cr
ReceivablesRs 631 Cr
InventoryRs 620 Cr
Other liabilitiesRs 569 Cr
Shares outstanding (crore)4.71
Ownership
Promoter holding55.69% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 15.1 is at the 51th percentile of its own 6.0-year range (median 11.1, low 2.9, high 92.0).
P/B 0.70 is at the 50th percentile (median 0.69).
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.
PeriodRSWMNifty 50Difference
1 week-8.3%-2.8% -5.5 pts
1 month+2.6%-6.8% +9.4 pts
3 months+3.8%-7.6% +11.4 pts
6 months+67.5%+0.4% +67.1 pts
1 year+30.9%-9.9% +40.9 pts
2 years-8.9%-13.6% +4.6 pts
3 years+5.8%+14.2% -8.4 pts
5 years+4.4%+27.9% -23.5 pts

Red flags

F-score 7 of 8
explainLow interest cover Interest cover 1.3x in 2026
lookProfit leans on other income Other income was 95% of pre-tax profit 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 2026
Sales ₹1,161 Cr -0.8% vs Jun 2025. Net profit ₹20 Cr +150.0%.
Against our estimate for Jun 2026: sales +9.0%, profit +190.6% beat. Our estimate for Sep 2026: sales Rs 1,094 Cr, profit Rs 13 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-06Annual General Meeting
2023-09-08Annual General Meeting/Dividend - Rs 5 Per Share
2022-12-16Rights 1:1 @ Premium Rs 90/-
2022-12-16Inferred from price: close fell to 0.607x overnight, no NSE action on record0.6000
2022-08-29Annual General Meeting/Dividend - Rs 25 Per Share
2021-09-07 Annual General Meeting
2020-09-16 Annual General Meeting
2019-09-03 Annual General Meeting
2018-09-05 Annual General Meeting/Dividend Rs -2 Per Share
2017-09-19 Annual General Meeting/Dividend - Rs 12.50 Per Share
2016-09-19 Annual General Meeting/Dividend Rs 12.50 Per Share
2015-09-16 Annual General Meeting/ Dividend - Rs 10/- Per Share
2014-09-04Annual General Meeting / Dividend - Rs 12.50/- Per Share
2013-09-05Annual General Meeting / Dividend - Rs 10/- Per Share
2012-09-12Annual General Meeting
2011-09-15Annual General Meeting And Dividend Rs.5/- Per Share
2011-02-10Interim Dividend-Rs.10/- Per Share (Purpose Revised)
2010-09-07Annual General Meeting And Dividend Rs.2.50 Per Share
2009-09-16Annual General Meeting
2009-04-17Scheme Of Arrangement
2008-09-17Annual General Meeting
2007-09-14Agm
2007-03-22Interim Dividend-30% Purpose Revised
2006-07-05Agm/Dividend-30%
DateTypeWhat it says
2026-09-29General UpdatesEnvironmental, Social And Governance Rating
2026-09-08General UpdatesReport On Re-Lodgement Of Transfer Requests Of Physical Shares For The Month Of August, 2026
2026-09-03General UpdatesEnvironmental, Social and Governance Rating
2026-08-26Shareholder meetingVoting results.
2026-08-26Shareholder meetingProceedings of Annual General Meeting held on August 26, 2026
2026-08-21General UpdatesUpdate on Joint Venture Company
2026-08-14General UpdatesDisclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-08-11Concall / analyst meetTranscript
2026-08-11Press ReleaseA press release dated August 11, 2026, titled "RSWM Limited partners with Spain based Noize Design Studio (NDS9) toEstablish Next-Generation Industry ...
2026-08-11General UpdatesUpdate on Joint Venture Agreement
2026-08-06General UpdatesRe-lodgement of Transfer Requests of Physical Shares
2026-08-05Concall / analyst meetLink of Recording
2026-08-05General UpdatesPursuant to Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company ...
2026-08-05Press ReleaseA press release dated August 05, 2026, titled "RSWM Reports Resilient Q1 FY27 Performance with 16.1% YoY EBITDA Growth and 2.4x PAT Despite Challengin...
2026-08-05Investor PresentationInvestor Presentation
2026-08-05Board meeting outcomeRSWM Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-01Shareholder meetingNotice of Annual General Meeting to be held on August 26, 2026
2026-07-29Concall / analyst meetSchedule of meet
2026-07-24General UpdatesIntimation for 65th Annual General Meeting of the Company scheduled to be held on 26/08/2026 at 2:00 P.M
2026-07-08UpdatesReport on Re-lodgement of Transfer Requests of Physical Shares for the Month of June, 2026
2026-07-06General UpdatesDisclosure under Regulation 30 of the SEBI Listing Regulations
2026-06-17General UpdatesCopy Of The communication being sent to the Concerned Shareholders holding shares In Physical Form
2026-06-09Credit Rating- RevisionRating from India Ratings & Research
2026-06-09General UpdatesReport on Re-lodgement of Transfer Requests of Physical Shares
2026-06-09AllotmentAllotment of Convertible Warrants
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.
Order dateForumCase
2020-03-06CESTATRSWM LTD ---VS.--- JAIPUR I..
2020-03-06CESTATRSWM LTD ---VS.--- UDAIPUR
2020-03-06CESTATRSWM LTD ---VS.--- UDAIPUR
2020-03-06CESTATRSWM LTD ---VS.--- UDAIPUR
2020-03-06CESTATRSWM LTD ---VS.--- UDAIPUR
2020-03-06CESTATRSWM LTD ---VS.--- UDAIPUR
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of RSWM Ltd?

RSWM Ltd (RSWM) has a market capitalisation of Rs 997 Cr. at the 2026-10-01 close.

What is the P/E ratio of RSWM Ltd?

RSWM Ltd trades at a P/E of 13.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were RSWM Ltd's latest quarterly results?

In the Jun 2026 quarter, RSWM Ltd sales was Rs 1,161 Cr (-0.8% vs Jun 2025) and net profit was Rs 20 Cr.

What is the 52-week high and low of RSWM Ltd?

The 52-week high is Rs 238.00 and the 52-week low is Rs 120.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03