Pashupati Cotspin Limited (PASHUPATI) Financial Results — Revenue ₹17,027.58 Cr

Investor Takeaways

Revenue of ₹17027.58 Cr reported for the fiscal year ended March 31, 2026.

Net Profit of ₹162.31 Cr recorded for the fiscal year ended March 31, 2026.

⚠️ No specific risks identified in this filing.

Overall Tone: Neutral based on the numbers only.

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹17027.58 Cr	N/A
Net Profit	₹162.31 Cr	N/A
EBITDA	N/A	N/A
EPS	N/A	N/A
OPM	N/A	N/A

What Changed

Pashupati Cotspin Limited revised its audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, correcting errors in cost of materials consumed, purchase of stock-in-trade, OCI, deferred tax, and balance sheet line items, including reclassification of borrowings and MSME payables. The revisions, submitted on May 30, 2026, replace the May 29 filing and do not affect profitability, cash flows, net worth, or EPS. The updated package includes restated financial statements, auditor's report, and regulatory declaration under SEBI LODR Regulation 33. The company completed its transition to Ind AS effective April 1, 2025, with restated comparatives and adjustments impacting reserves and profit recognition. Audit firm Mahendra N. Shah & Co. issued an unmodified opinion on the consolidated results. Reclassification of borrowings and MSME payables; restated comparatives under Ind AS; fair value adjustments for financial guarantees; deferred tax impacts; lease accounting changes under Ind AS 116; adoption of expected credit loss model.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
PASHUPATI	88.53	N/A	N/A	1,439.66
PAGEIND	54.82	N/A	N/A	41,068.56
KPRMILL	38.29	N/A	N/A	31,564.81
VTL	20.4	N/A	N/A	17,557.96

PASHUPATI's P/E ratio of 88.53 is significantly higher than peers PAGEIND (54.82), KPRMILL (38.29), and VTL (20.4), indicating a valuation premium relative to earnings.