Winsome Yarns Ltd (WINSOME)

Textiles · Textiles · NSE · Updated 1 September 2026

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

₹2.34 ↑ 12.5% (1Y)

🎯 Key Takeaways

Winsome Yarns Ltd is currently in a distressed turnaround phase, operating under Corporate Insolvency Resolution Process (CIRP) since December 2023 with an NCLT-approved resolution plan. The company exhibits severe financial distress, including negative net worth (₹231,742 lakhs), persistent losses, and a qualified audit opinion citing material uncertainties around going concern and unprovisioned liabilities.
Revenue declined 74.6% QoQ to ₹2 in Q4FY23.
⚠️ Ongoing CIRP with unresolved legal disputes and auditor-identified going concern doubts.

Market Cap

₹17

P/B Ratio

-0.04

ROE

6.5%

ROCE

-17.9%

Debt/Equity

-1.36

Promoter

38.7%

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📖 The Story

Winsome Yarns Ltd is currently in a distressed turnaround phase, operating under Corporate Insolvency Resolution Process (CIRP) since December 2023 with an NCLT-approved resolution plan. The company exhibits severe financial distress, including negative net worth (₹231,742 lakhs), persistent losses, and a qualified audit opinion citing material uncertainties around going concern and unprovisioned liabilities. Despite revenue of ₹7,071 lakhs in Q4 FY2026, operational losses and unresolved legal matters severely undermine financial stability.

📰 What's Happening

Recent board meetings (August 29, 2026) approved unaudited FY2025-26 financial results showing a net loss of ₹1,730 crores and negative net worth, while increasing borrowing and transaction limits to ₹500 crores pending shareholder approval. The company remains under CIRP with a Monitoring Committee in place, and the NCLT-approved resolution plan by Mohini Health & Hygiene Limited is central to its future. Legal disputes and unresolved insolvency matters continue to pose material risks.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Revenue	6	13	10	2
Operating Profit	-7	-4	-12	-8
OPM %	-119.6%	-32.5%	-126.4%	-314.0%
Net Profit	-7	-4	-12	-3
EPS	₹-1.01	₹-0.59	₹-1.71	₹-0.43

The company has reported widening net losses across quarters, with Q4 FY2026 showing a net loss of ₹34,734 lakhs driven by unprovisioned interest expenses (₹30,790.32 lakhs) and unprovided receivables (₹120.16 lakhs). Despite modest revenue of ₹7,071 lakhs in the latest quarter, operating performance remains weak with negative operating margins. Balance sheet trends indicate persistent asset base growth alongside deteriorating equity, reflecting capital intensity without profitability. Cash flow statements show no meaningful operating cash generation, underscoring liquidity constraints.

🔮 Management Outlook & What's Next

Management has not provided forward guidance on profitability or recovery timelines. The only directional commentary centers on ongoing CIRP implementation, with the Monitoring Committee actively overseeing operations. No strategic recovery plan or timeline for return to profitability has been disclosed. Management actions are currently focused on procedural compliance, including auditor appointments and financial result approvals, rather than operational transformation.

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

🏦 Balance Sheet (₹ Cr)

Item	Mar 2022	Mar 2022	Mar 2023	Mar 2023
Equity Capital	71	71	71	71
Reserves	-450	-453	-464	-480
Borrowings	557	557	557	557
Total Liabilities	264	256	256	217
Fixed Assets	169	162	154	148
Investments	26	26	26	26
Total Assets	264	256	256	217

The balance sheet reveals a capital structure under severe stress, with negative equity and reserves deeply in deficit despite stable borrowing levels of ₹557 lakhs. Total assets have remained relatively flat (₹217–256 lakhs), while equity eroded due to cumulative losses. The lack of deleveraging or asset sales suggests limited financial flexibility. Capital allocation appears constrained by insolvency proceedings, with any increase in borrowing limits likely intended to fund resolution process costs rather than growth initiatives.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2023
Operating	-0
Investing	+0
Financing	0
Net Cash Flow	-0

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	38.7%	38.7%	38.7%	38.7%
FII	2.1%	2.0%	2.0%	0.0%
DII	0.0%	0.0%	0.0%	0.0%
Public	35.3%	35.4%	35.4%	36.0%
# Shareholders	17,917	17,753	17,757	17,662

Promoter holding remains stable at 38.67% across filings, indicating no active divestment. Institutional investor interest is minimal, with FII ownership at 1.96% and DII at 0.02% in Q1FY27, showing slight accumulation but negligible influence. The growing shareholder base (17,662 to 17,917) reflects retail investor fragmentation. No significant insider trading or pledging signals are evident, but low institutional participation suggests limited confidence in near-term recovery.

⚖️ Peer Comparison — Textiles

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
GRASIM	2.24 L Cr	39.2	9.6%	10.8%	2.16
WELSPUNLIV	17,894	62.1	7.4%	5.9%	0.51
VTL	17,125	19.9	10.7%	8.7%	0.13
ARVIND	14,781	34.4	14.3%	10.6%	0.36
TRIDENT	12,393	31.2	10.1%	8.3%	0.37
SWANCORP	9,346	44.9	4.2%	2.9%	0.29
ICIL	8,601	57.0	9.8%	6.4%	0.46
GARFIBRES	7,796	37.6	22.9%	16.9%	0.05
KUSUMGAR	5,919	—	—	—	0.45
PDSL	5,219	44.4	12.5%	10.5%	0.64

🔗 Peer Stock Analyses

GRASIM WELSPUNLIV VTL ARVIND TRIDENT

⚠️ Risk Factors

1. Ongoing CIRP with unresolved legal disputes and auditor-identified going concern doubts. 2. Material unprovisioned liabilities including ₹30,790.32 lakhs in interest expenses and ₹120.16 lakhs in receivables. 3. Negative net worth and persistent losses eroding shareholder value. 4. High shareholder dispersion (17,662+ holders) complicating governance and decision-making. 5. Lack of clear resolution plan execution timeline or operational recovery strategy.

📋 Recent Filings

🧠 Analyst's Read

Winsome Yarns remains a high-risk, low-liquidity stock with no near-term path to profitability. Investors should monitor developments in the CIRP process, particularly the Monitoring Committee's actions and any resolution plan milestones. The absence of forward guidance or operational improvement signals suggests recovery, if achievable, will be long-term and uncertain.

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 2026-09-01.

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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