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Swing Capital

AB Cotspin India Ltd

NSE: ABCOTS BSE: 544522Textile

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]

₹220
52W: ₹214 — ₹508
PE 36.6 · Book ₹67.2 · +227% vs book
Market Cap₹483 Cr
Stock P/E36.6Price to Earnings
ROCE10.2%Return on Capital
ROE11.2%Return on Equity
Div. Yield0%Face Value ₹10

Weaknesses

  • −Stock is trading at 3.26 times its book value
  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has a low return on equity of 10.0% over last 3 years.
  • −Debtor days have increased from 47.4 to 58.6 days.
  • −Working capital days have increased from 55.2 days to 82.8 days

Shareholding Pattern

Promoters52.5%
FIIs0.12%
DIIs0%
Public47.39%
CategorySep 2023Mar 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters34.91%34.91%34.91%67.78%▲32.952.5%▼15.352.5%52.5%52.5%
FIIs0%0%0%0.15%▲0.10.11%▼0.00.12%▲0.00.12%0.12%
DIIs0%0%0%0%0%0%0%0%
Public65.09%65.09%65.09%32.07%▼33.047.39%▲15.347.39%47.38%▼0.047.39%▲0.0

Financial Statements

MetricJun 2021Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales30.568.5376.2272.5181.3659.2484.9566.6950.6477.13
Expenses24.7660.2869.3464.9675.0550.3577.7956.6739.3267.58
Operating Profit5.748.256.887.556.318.897.1610.0211.329.55
OPM %18.82%12.04%9.03%10.41%7.76%15.01%8.43%15.02%22.35%12.38%
Net Profit3.322.831.892.271.754.081.884.223.693.4
EPS ₹4.482.751.842.211.73.961.141.921.681.55

AI Insights

Revenue Trend

TTM revenue at ₹279Cr, down 6.4% YoY. OPM at 14%.

Debt Position

Borrowings at ₹137Cr. Debt-to-equity ratio: 1.10x. High leverage — monitor closely.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0.12% (+0.12pp change). Promoters hold 52.5%.

Margin & Efficiency

ROCE improving from 0% (Mar 2017) to 10% (Mar 2025). Working capital days: 83.

Valuation

PE 36.6x with 10.2% ROCE. Price is 227% above book value of ₹67.2. Dividend yield: 0%.

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