Indo Cotspin
Textiles
538838 BSE
₹32.40
Close ·
- P/E
- Not meaningful: last twelve months’ earnings are mostly a one-off item
Close 4 Nov 2026 ₹32.40 +3.60 +12.5% 1Y
Start ₹28.80
Key Fundamentals
MicrocapTextilesConsumer DiscretionaryPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 1.18%
- Debt to Equity
- 0.09
- EPS (TTM)
- −₹0.02
- Book Value
- ₹10.27
- Market Cap
- —
- P/E (TTM)
- Not meaningful: last twelve months’ earnings are mostly a one-off item
- P/B
- 3.15
- ROE
- −0.14%
- Dividend Yield
- 0.00%
- EBITDA
- ₹60.00 L
- 52W High
- ₹44.05
- 52W Low
- ₹22.05
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
44 Weak
Data confidence 91/100
Category scores
- Quality
- 41
- Weak
- Returns, margins, earnings quality 22% weight
- Valuation
- 32
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 49
- Average
- Sales & profit trajectory 9% weight
- Financial Health
- 57
- Good
- Solvency, leverage, coverage 9% weight
- Momentum
- 59
- Good
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
3- Stock is trading at 3.16 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 1.94% over last 3 years.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bullish | 3 | 5 | 11 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bullish | 1 | 0 | 9 |
Oscillators
Neutral
Bearish
2
Neutral
5
Bullish
2
Overall
Strong Bullish
Bearish
3
Neutral
5
Bullish
11
Moving Averages
Strong Bullish
Bearish
1
Neutral
0
Bullish
9
Key readings
- RSI (14)
- 56.93
- Neutral
- MACD (12,26,9)
- −0.28
- Bullish
- SMA (50)
- 31.30
- Bullish
- SMA (200)
- 30.62
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +12.58% |
|---|---|
| 5Y | +25.53% |
| 3Y | +22.81% |
| 1Y | −1.69% |
| TTM | +3.87% |
Net profit
| 10Y | Turned to loss |
|---|---|
| 5Y | Turned to loss |
| 3Y | Turned to loss |
| 1Y | Turned to loss |
| TTM | Turned to loss |
Operating cash flow
| 10Y | Turned positive |
|---|---|
| 5Y | Turned positive |
| 3Y | +44.84% |
| 1Y | Turned positive |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −1.28 pp |
|---|---|
| 5Y | −2.13 pp |
| 3Y | −2.21 pp |
| 1Y | −0.80 pp |
| TTM | −1.00 pp |
Revenue by year
| Mar 2017 | ₹7.27 Cr |
|---|---|
| Mar 2018 | ₹11.02 Cr |
| Mar 2019 | ₹10.34 Cr |
| Mar 2020 | ₹9.72 Cr |
| Mar 2021 | ₹7.85 Cr |
| Mar 2022 | ₹13.71 Cr |
| Mar 2023 | ₹13.21 Cr |
| Mar 2024 | ₹16.62 Cr |
| Mar 2025 | ₹24.89 Cr |
| Mar 2026 | ₹24.47 Cr |
Net profit by year
| Mar 2017 | ₹0.04 Cr |
|---|---|
| Mar 2018 | ₹0.09 Cr |
| Mar 2019 | ₹0.14 Cr |
| Mar 2020 | ₹0.11 Cr |
| Mar 2021 | ₹0.05 Cr |
| Mar 2022 | ₹0.14 Cr |
| Mar 2023 | ₹0.25 Cr |
| Mar 2024 | ₹0.07 Cr |
| Mar 2025 | ₹0.40 Cr |
| Mar 2026 | −₹0.01 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.24 | 2.04 | 6.14 | 5.09 | 3.07 | 5.26 | 10.26 | 6.35 | 1.91 | 6.59 | 10.14 | 5.97 | 2 |
| Expenses | 3.07 | 1.84 | 5.93 | 4.93 | 2.92 | 5 | 10.06 | 6.18 | 1.79 | 6.44 | 9.98 | 5.86 | 1.89 |
| Operating Profit | 0.17 | 0.2 | 0.21 | 0.16 | 0.15 | 0.26 | 0.2 | 0.17 | 0.12 | 0.15 | 0.16 | 0.11 | 0.11 |
| OPM % | 5.25% | 9.8% | 3.42% | 3.14% | 4.89% | 4.94% | 1.95% | 2.68% | 6.28% | 2.28% | 1.58% | 1.84% | 5.5% |
| Other Income | 0.06 | 0.03 | 0.04 | 0 | 0.12 | 0.23 | 0.01 | −0.01 | 0 | 0 | 0 | 0 | 0.01 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.03 | 0.01 | 0.01 |
| Depreciation | 0.2 | 0.2 | 0.23 | 0.18 | 0.14 | 0.14 | 0.14 | 0.14 | 0.11 | 0.12 | 0.12 | 0.13 | 0.1 |
| PBT | 0.03 | 0.03 | 0.02 | −0.02 | 0.13 | 0.35 | 0.07 | 0.02 | 0.01 | 0.02 | 0.01 | −0.03 | 0.01 |
| Tax % | 0% | 0% | 50% | 0% | 23.08% | 25.71% | 28.57% | 100% | 0% | 0% | 100% | 33.33% | 0% |
| Net Profit | 0.04 | 0.02 | 0.02 | −0.02 | 0.1 | 0.26 | 0.05 | −0.01 | 0 | 0.01 | 0.01 | −0.03 | 0 |
| EPS (₹) | 0.06 | 0.03 | 0.03 | −0.03 | 0.14 | 0.36 | 0.07 | −0.01 | 0 | 0.01 | 0.01 | −0.04 | 0 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8.46 | 7.48 | 7.27 | 11.02 | 10.34 | 9.72 | 7.85 | 13.71 | 13.21 | 16.62 | 24.89 | 24.47 | 24.7 |
| Expenses | 7.98 | 7.21 | 7.02 | 10.73 | 10.11 | 9.29 | 7.5 | 13.2 | 12.61 | 15.74 | 24.11 | 23.9 | 24.17 |
| Operating Profit | 0.48 | 0.27 | 0.25 | 0.29 | 0.23 | 0.43 | 0.35 | 0.51 | 0.6 | 0.88 | 0.78 | 0.57 | 0.53 |
| OPM % | 5.67% | 3.61% | 3.44% | 2.63% | 2.22% | 4.42% | 4.46% | 3.72% | 4.54% | 5.29% | 3.13% | 2.33% | 2.15% |
| Other Income | 0.06 | 0.13 | 0.1 | 0.17 | 0.4 | 0.25 | 0.25 | 0.12 | 0.33 | 0.01 | 0.35 | −0.01 | 0.01 |
| Interest | 0 | 0 | 0 | 0.02 | 0.01 | 0.01 | 0 | 0 | 0.04 | 0.01 | 0.01 | 0.06 | 0.06 |
| Depreciation | 0.45 | 0.32 | 0.29 | 0.37 | 0.44 | 0.54 | 0.57 | 0.49 | 0.61 | 0.81 | 0.56 | 0.49 | 0.47 |
| PBT | 0.09 | 0.08 | 0.06 | 0.07 | 0.18 | 0.13 | 0.03 | 0.14 | 0.28 | 0.07 | 0.56 | 0.01 | 0.01 |
| Tax % | 11.11% | −50% | 33.33% | −28.57% | 22.22% | 15.38% | −33.33% | 0% | 7.14% | 0% | 28.57% | 200% | — |
| Net Profit | 0.08 | 0.13 | 0.04 | 0.09 | 0.14 | 0.11 | 0.05 | 0.14 | 0.25 | 0.07 | 0.4 | −0.01 | −0.01 |
| EPS (₹) | 0.11 | 0.18 | 0.06 | 0.13 | 0.2 | 0.15 | 0.07 | 0.2 | 0.35 | 0.1 | 0.56 | −0.01 | −0.02 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.2 | 4.2 | 4.2 | 4.2 | 4.2 | 4.2 | 4.2 | 4.2 | 4.2 | 4.2 | 7.14 | 7.14 |
| Reserves | 1.64 | 1.77 | 1.81 | 1.9 | 2.04 | 2.14 | 2.19 | 2.33 | 2.58 | 2.65 | 0.11 | 0.1 |
| Borrowings | −0.21 | 0 | 0.13 | 0.2 | 0.1 | 0.01 | 0 | 0 | 0.09 | 0.05 | 0.02 | 0.68 |
| Other Liabilities | 1.87 | 1.57 | 2.53 | 3.43 | 5.54 | 4.83 | 3.54 | 3.02 | 3.55 | 1.07 | 0.47 | 3.46 |
| Total Liabilities | 7.5 | 7.54 | 8.67 | 9.73 | 11.88 | 11.18 | 9.93 | 9.55 | 10.42 | 7.97 | 7.74 | 11.38 |
| Fixed Assets | 1.68 | 1.36 | 2.61 | 2.56 | 2.95 | 3.12 | 2.55 | 2.52 | 4.43 | 3.13 | 2.58 | 5.88 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.83 | 0.93 | 2.61 | 3.64 | 3.99 | 3.89 | 2.92 | 2.19 | 0.1 | 0.72 | 0.72 | 0.83 |
| Other Assets | 4.99 | 5.25 | 3.45 | 3.53 | 4.94 | 4.17 | 4.46 | 4.84 | 5.89 | 4.12 | 4.44 | 4.67 |
| Total Assets | 7.5 | 7.54 | 8.67 | 9.73 | 11.88 | 11.18 | 9.93 | 9.55 | 10.42 | 7.97 | 7.74 | 11.38 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 0.49 | −0.27 | 1.75 | 1.56 | 1.66 | −0.14 | −1.12 | −0.74 | 1.03 | 0.24 | −0.76 | 3.13 |
| Investing | −0.02 | −0.1 | −2.25 | −1.17 | −0.79 | −0.39 | 1.28 | 0.33 | −0.12 | −0.12 | 0.1 | −3.96 |
| Financing | −0.15 | 0.21 | 0.12 | 0.05 | −0.12 | −0.12 | −0.01 | 0 | 0.05 | −0.04 | −0.04 | 0.6 |
| Net Cash Flow | 0.32 | −0.16 | −0.38 | 0.44 | 0.74 | −0.66 | 0.14 | −0.41 | 0.96 | 0.08 | −0.71 | −0.22 |
| Free Cash Flow | 0.47 | −0.35 | 1.02 | 1.36 | −0.02 | −0.82 | −1.12 | −1.2 | −1.46 | 0.73 | −0.78 | 2.22 |
| CFO/OP | 106 | −93 | 708 | 541 | 722 | −26 | −314 | −143 | 175 | 32 | −90 | 570 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 40.99 | 44.41 | 62.26 | 51.67 | 69.19 | 52.57 | 66.96 | 50.85 | 43.66 | 12.74 | 18.77 | 29.38 |
| Inventory Days | 118 | 201 | 127 | 39.11 | 43.46 | 79.19 | 118 | 63.53 | 70.57 | 36.99 | 23.31 | 15.82 |
| Days Payable | 100 | 119 | 209 | 186 | 264 | 280 | 273 | 113 | 115 | 32.13 | 5.24 | 68.94 |
| Cash Conversion Cycle | 58.43 | 127 | −19.63 | −95.69 | −152 | −148 | −88.04 | 1.02 | −0.74 | 17.59 | 36.84 | −23.74 |
| Working Capital Days | 68.17 | 99.06 | 21.59 | −29.48 | −86.48 | −67.59 | −13.02 | 26.89 | 14.92 | 25.04 | 39.45 | 1.94 |
| ROCE % | 1.59% | 1.38% | −0.33% | −1.29% | −3.01% | −1.1% | −2.67% | 1.7% | 0% | 1.16% | 7.48% | 1.18% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Indo Cotspin insights
60 extracted metrics across FY12–FY27.
Documents
- Outcome 17 Oct 2026
- General announcements 6 Oct 2026
Frequently Asked Questions about Indo Cotspin
What does Indo Cotspin Ltd do?
Incorporated in 1955, Indo Cotspin Ltd is engaged in the manufacturing of textile products and related products.
Where is Indo Cotspin Ltd (ICL) listed?
Indo Cotspin Ltd trades under code 538838 on the BSE.
Which sector does Indo Cotspin Ltd belong to?
Indo Cotspin Ltd is classified under the Textiles sector, in the Cotton/Blended industry.
What is the 52-week high and low of Indo Cotspin Ltd?
Over the last 52 weeks Indo Cotspin Ltd has traded between ₹22.05 and ₹44.05 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Indo Cotspin Ltd?
Indo Cotspin Ltd reported a return on equity of -0.14%. Its debt-to-equity ratio is 0.09.
Company Information
Incorporated in 1955, Indo Cotspin Ltd is engaged in the manufacturing of textile products and related products.
Website indocotspin.com
Face Value ₹10
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