Active Clothing Co Ltd (541144)

Textiles · Textiles · NSE · Updated 2 September 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹110.8 ↓ 19.97% (1Y)

🎯 Key Takeaways

Active Clothing Co Ltd is a mid-sized textile manufacturer with stable promoter ownership and no institutional investor presence, currently trading at a modest valuation (P/E 17.2) but facing a 17% year-on-year decline in share price.
Revenue declined 7.1% QoQ to ₹68 in Q1FY27.
⚠️ 1) Sustained revenue decline across all quarters with no visible recovery in order intake or capacity utilization. 2) Operating margin compression des

Market Cap

₹172

P/E Ratio

17.1

P/B Ratio

2.22

ROE

13.1%

ROCE

11.5%

Debt/Equity

1.53

Promoter

73.6%

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📖 The Story

Active Clothing Co Ltd is a mid-sized textile manufacturer with stable promoter ownership and no institutional investor presence, currently trading at a modest valuation (P/E 17.2) but facing a 17% year-on-year decline in share price. The company exhibits healthy profitability metrics (ROE 13.1%, ROCE 11.5%) but carries a high debt-to-equity ratio of 1.53, suggesting significant leverage. Despite consistent promoter holding, the downward price trend and lack of investor inflows indicate market skepticism about future growth prospects.

📰 What's Happening

The company held its 24th AGM on September 25, 2026, following board approval of the annual report and appointment of a scrutinizer for voting, signaling routine governance updates. Quarterly financials show a clear downward trend in revenue and margins, with June 2026 revenue at ₹68 crore (down from ₹96 crore in December 2025) and operating margin compressing to 7.9% from 6.5% in the prior quarter. Management has not announced new orders or capacity expansions in recent filings, and no strategic shifts or M&A activity has been disclosed in the latest board meeting.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	64	83	96	73	68
Operating Profit	5	5	6	4	5
OPM %	8.3%	6.4%	6.5%	4.9%	7.9%
Net Profit	2	3	4	2	2
EPS	₹1.38	₹1.76	₹2.25	₹1.05	₹1.44

Revenue has declined 29% from ₹96 crore in December 2025 to ₹68 crore in June 2026, while operating margins have fluctuated between 4.9% and 8.3% but show no recovery trend. Net profit remains flat at ₹2 crore in the last two quarters despite lower revenue, indicating cost discipline but limited top-line recovery. The consistent EPS of ₹1.44 in June 2026, down from ₹2.25 in December 2025, reflects earnings pressure from reduced scale, with no corresponding cost reduction to offset revenue decline.

🔮 Management Outlook & What's Next

There is no forward guidance or strategic outlook provided in the latest board meeting filing or quarterly results. Management has not discussed demand trends, order pipeline, capacity utilization, or future margin expectations in any disclosed commentary. The absence of guidance suggests either operational uncertainty or a deliberate pause in public communication regarding near-term prospects.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	Mar 2025	Mar 2025	Mar 2026	Mar 2026
Equity Capital	16	16	16	16
Reserves	57	62	67	77
Borrowings	121	118	112	126
Total Liabilities	259	279	305	305
Fixed Assets	56	53	51	54
Investments	0	0	0	0
Total Assets	259	279	305	305

The balance sheet shows stable equity of ₹16 crore but rising reserves and a persistent debt burden of ₹126 crore, with total assets flat at ₹305 crore over the last two years. Borrowings remain elevated at ₹126 crore, and while reserves have grown from ₹62 crore to ₹77 crore, this reflects cumulative profits rather than new capital infusion. There is no indication of aggressive deleveraging or capital reduction, suggesting debt servicing capacity is being supported by operating cash flows despite negative OCF.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2025
Operating	-10
Investing	-11
Financing	+21
Net Cash Flow	-0

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	73.6%	73.6%	73.6%	73.6%
FII	0.0%	0.0%	0.0%	0.0%
DII	0.0%	0.0%	0.0%	0.0%
Public	20.4%	20.1%	19.8%	19.6%
# Shareholders	2,655	2,662	2,537	2,272

Promoter holding remains steady at 73.58% with no pledging or dilution, indicating confidence in long-term control. However, public shareholding has slightly declined from 20.35% to 19.64% over four quarters, while the number of public shareholders has decreased from 2,655 to 2,272, suggesting thinning retail interest. FII and DII holdings remain at zero, reflecting no institutional interest or confidence in near-term catalysts.

⚖️ Peer Comparison — Textiles

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
GRASIM	2.25 L Cr	39.4	9.6%	10.8%	2.16
WELSPUNLIV	18,716	65.0	7.4%	5.9%	0.51
VTL	17,438	20.2	10.7%	8.7%	0.13
ARVIND	15,168	35.3	14.3%	10.6%	0.36
TRIDENT	12,302	30.9	10.1%	8.3%	0.37
SWANCORP	9,065	43.5	4.2%	2.9%	0.29
ICIL	8,583	56.9	9.8%	6.4%	0.46
GARFIBRES	8,169	39.4	22.9%	16.9%	0.05
KUSUMGAR	5,944	—	—	—	0.45
PDSL	5,105	43.4	12.5%	10.5%	0.64

🔗 Peer Stock Analyses

GRASIM WELSPUNLIV VTL ARVIND TRIDENT

⚠️ Risk Factors

1) Sustained revenue decline across all quarters with no visible recovery in order intake or capacity utilization. 2) Operating margin compression despite stable input costs, indicating pricing pressure or inefficiency. 3) High debt (D/E 1.53) with no visible reduction plan amid shrinking cash flows. 4) Absence of institutional ownership and declining public shareholder base may limit liquidity and valuation support.

📋 Recent Filings

🧠 Analyst's Read

The company shows no clear inflection point in its operational trajectory, with declining volumes and margins offset by stable profitability ratios but elevated leverage. Key near-term risks include sustaining order flow and managing debt servicing without fresh capital. Investors should monitor upcoming investor presentations or management commentary for signals on demand recovery or strategic review.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-02.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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