Pasupati Spinning & Weaving Mills Ltd (PASUPATSPG)

Textiles · Textiles · NSE · Updated 2 September 2026

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

₹34.9 ↓ 0.31% (1Y)

🎯 Key Takeaways

Pasupati Spinning & Weaving Mills Ltd operates in the spinning and weaving segment of the textiles industry, with a stable promoter holding pattern and modest profitability metrics. The company exhibits characteristics of a mature cash flow-generating business with limited growth visibility, though recent operational stabilization is evident.
Revenue declined 7.8% QoQ to ₹26 in Q1FY27.
⚠️ The company's profitability remains highly sensitive to input cost fluctuations and demand volatility in the textiles sector, which is not explicitly

Market Cap

₹33

P/E Ratio

8.9

P/B Ratio

1.03

ROE

11.7%

ROCE

10.8%

Debt/Equity

1.71

Promoter

74.9%

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📖 The Story

Pasupati Spinning & Weaving Mills Ltd operates in the spinning and weaving segment of the textiles industry, with a stable promoter holding pattern and modest profitability metrics. The company exhibits characteristics of a mature cash flow-generating business with limited growth visibility, though recent operational stabilization is evident. Its financial profile reflects capital intensity and moderate leverage, with profitability improving from near-break-even levels in late 2025 to consistent operating margins above 10% in early 2026.

📰 What's Happening

In the March 2026 quarter, the company reported revenue of ₹26 crore with operating profit of ₹3 crore and an OPM of 10.5%, marking a return to profitability after three consecutive quarters of losses. This improvement follows a turnaround initiated in Q4FY26, where operating margin rose to 11.5% and net profit reached ₹2 crore. Management has not explicitly detailed strategic initiatives in the filings, but the consistent recovery in margins suggests operational stabilization, possibly driven by cost optimization or improved product mix. No new orders, expansions, or management changes were disclosed in recent filings.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	21	25	25	28	26
Operating Profit	0	1	1	3	3
OPM %	1.9%	5.2%	5.2%	11.5%	10.5%
Net Profit	0	0	0	2	2
EPS	₹0.02	₹0.16	₹0.16	₹1.90	₹1.68

The company has transitioned from recurring losses in late 2025 to consistent operating profitability by Q1FY27, with operating margin expanding from 5.2% in Dec 2025 to 11.5% in Mar 2026. This turnaround coincides with stable revenue levels around ₹25–28 crore per quarter, indicating that margin recovery is likely cost-driven rather than volume-led. Net profit has stabilized at ₹2 crore per quarter, up from near-zero levels in the previous two quarters, supporting EPS growth from ₹0.02 in Jun 2025 to ₹1.90 in Mar 2026.

🔮 Management Outlook & What's Next

Management has not provided explicit forward guidance or strategic commentary in the latest filings beyond the reported financial results. There is no mention of new product lines, capacity expansion, or market development plans in the recent quarterly disclosures. The absence of guidance suggests limited visibility into future growth trajectories, with management focus appearing to be on sustaining current profitability levels rather than pursuing aggressive expansion.

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

🏦 Balance Sheet (₹ Cr)

Item	Mar 2025	Mar 2025	Mar 2026	Mar 2026
Equity Capital	9	9	9	9
Reserves	21	22	22	24
Borrowings	50	54	53	51
Total Liabilities	102	106	108	107
Fixed Assets	32	38	37	37
Investments	0	0	0	0
Total Assets	102	106	108	107

The balance sheet shows stable equity of ₹9 crore and reserves of ₹22–24 crore over the past three years, indicating limited reinvestment or profit retention. Borrowings have remained relatively flat at approximately ₹51–54 crore, suggesting a conservative capital structure with no significant deleveraging or new debt taken on. Total assets have grown modestly, reflecting incremental investments likely tied to working capital or maintenance, but no major capex signals are evident in the cash flow data.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2025
Operating	+4
Investing	-8
Financing	+2
Net Cash Flow	-1

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	74.9%	74.9%	74.9%	74.9%
FII	0.0%	0.0%	0.0%	0.0%
DII	0.3%	0.3%	0.3%	0.3%
Public	7.6%	7.6%	7.6%	7.6%
# Shareholders	6,117	6,141	6,144	6,127

Promoter holding remains stable at 74.89% over the last five quarters, with no signs of dilution or sale. Institutional ownership (FII and DII) remains negligible, collectively holding less than 0.5% of equity. The shareholder base is highly concentrated among promoters and a small number of retail investors, with over 6,000 shareholders indicating retail participation but limited institutional interest. No changes in shareholding patterns have been reported recently.

⚖️ 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

The company's profitability remains highly sensitive to input cost fluctuations and demand volatility in the textiles sector, which is not explicitly managed given the lack of strategic commentary. The stable but low-margin operations expose it to intense competition in a capital-intensive, low-growth industry. Working capital pressures are evident from negative operating cash flow of ₹4 crore in Mar 2025, suggesting potential liquidity strain despite recent profitability improvements. The lack of growth initiatives or market diversification increases vulnerability to sector-specific headwinds.

📋 Recent Filings

🧠 Analyst's Read

Pasupati Spinning & Weaving Mills is currently in a stabilization phase following a return to profitability, but its long-term prospects are constrained by a stagnant revenue base, limited growth visibility, and minimal institutional interest. Investors should monitor quarterly margin trends and any future signals of strategic investment or market expansion to assess whether the current turnaround is sustainable or merely cyclical.

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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