---
title: "Girnar Spintex Industries Ltd (ASIL) — Share Price, Financials & Analysis"
symbol: "ASIL"
company: "Girnar Spintex Industries Ltd"
canonical: "https://tapetide.com/stocks/ASIL"
isin: "INE988A01026"
nse_symbol: "ASIL"
bse_code: "521076"
sector: "Consumer Discretionary"
industry: "Textiles & Apparels"
generated_at: "2026-09-13T18:19:25.268Z"
---

# Girnar Spintex Industries Ltd (ASIL)

Canonical page: https://tapetide.com/stocks/ASIL

## Company

- **NSE Symbol:** ASIL
- **BSE Code:** 521076
- **ISIN:** INE988A01026
- **Sector:** Consumer Discretionary
- **Industry:** Textiles & Apparels
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** spentexindustries.com

## About

Amit Spinning Industries is enaged in only one reportable segment viz. Spinning Mill.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.07 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 0.05% over last 3 years.
- Contingent liabilities of Rs.5.12 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.5.83 Cr.
- Debtor days have increased from 36.0 to 52.4 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -43% | 37% | 14% |
| revenue growth | 11% | 15% | 21% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | 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 | 22.01 | 21.98 | 27.81 | 20.01 | 25.85 | 24.06 | 33.17 | 24.66 | 26.94 | 30.75 | 36.68 | 24.98 |
| Expenses | 22.27 | 22.71 | 26.32 | 19.23 | 25.78 | 24.13 | 26.95 | 23.45 | 25.54 | 29.01 | 33 | 25.35 |
| Operating Profit | -0.26 | -0.73 | 1.49 | 0.78 | 0.07 | -0.07 | 6.22 | 1.21 | 1.4 | 1.74 | 3.68 | -0.37 |
| OPM % | -1.18 | -3.32 | 5.36 | 3.9 | 0.27 | -0.29 | 18.75 | 4.91 | 5.2 | 5.66 | 10.03 | -1.48 |
| Other Income | 0.02 | 0.01 | 0.95 | 0.01 | 0.01 | 0.01 | 2.19 | 1.09 | 4.85 | 0.75 | 0.13 | 0.1 |
| Interest | 1.1 | 1.2 | 1.01 | 1.04 | 1 | 0.68 | 1.64 | 1.09 | 1.05 | 0.95 | 2.45 | 1.24 |
| Depreciation | 0.53 | 0.53 | 0.53 | 0.5 | 0.51 | 0.51 | 0.89 | 1.56 | 1.35 | 1.28 | 1.19 | 1.14 |
| Profit before tax | -1.87 | -2.45 | 0.9 | -0.75 | -1.43 | -1.25 | 5.88 | -0.35 | 3.85 | 0.26 | 0.17 | -2.65 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -1.87 | -2.44 | 0.9 | -0.76 | -1.43 | -1.25 | 5.88 | -0.34 | 3.85 | 0.25 | 0.17 | -2.65 |
| EPS in Rs | -0.45 | -0.59 | 0.22 | -0.18 | -0.35 | -0.3 | 1.43 | -0.08 | 0.94 | 0.06 | 0.04 | -0.64 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 39 | 47 | 115 | 78 | 96 | 103 | 119 | 119 |
| Expenses | 4 | 1 | 38 | 40 | 99 | 80 | 95 | 95 | 111 | 113 |
| Operating Profit | -4 | -1 | 1 | 7 | 17 | -1 | 1 | 8 | 8 | 6 |
| OPM % | — | — | 3.5 | 15 | 14 | -1.8 | 0.9 | 7 | 7 | 5 |
| Other Income | -29 | -2 | -5 | 1 | 2 | 0 | 1 | 2 | 7 | 6 |
| Interest | 1 | 1 | 4 | 5 | 4 | 4 | 5 | 4 | 6 | 6 |
| Depreciation | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 5 | 5 |
| Profit before tax | -37 | -7 | -10 | 2 | 12 | -7 | -5 | 2 | 4 | 2 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | -37 | -7 | -10 | 2 | 12 | -7 | -5 | 2 | 4 | 2 |
| EPS in Rs | -8.89 | -1.72 | -2.39 | 0.45 | 2.92 | -1.67 | -1.18 | 0.6 | 0.95 | 0.4 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 21 | 21 | 21 | 21 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | -106 | -142 | -24 | 13 | 38 | 50 | 43 | 37 | 40 | 44 |
| Borrowings | 61 | 62 | 34 | 47 | 48 | 45 | 51 | 43 | 73 | 65 |
| Other Liabilities | 88 | 92 | 2 | 6 | 6 | 4 | 4 | 9 | 13 | 24 |
| Total Liabilities | 65 | 32 | 32 | 86 | 95 | 101 | 100 | 91 | 128 | 136 |
| Fixed Assets | 35 | 31 | 29 | 76 | 79 | 80 | 81 | 77 | 104 | 95 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 29 | 1 | 3 | 10 | 15 | 21 | 19 | 14 | 24 | 41 |
| Total Assets | 65 | 32 | 32 | 86 | 95 | 101 | 100 | 91 | 128 | 136 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 4 | 0 | -94 | -2 | 3 | 10 | 1 | 11 | 1 | 6 |
| Cash from Investing Activity | 0 | 0 | -1 | -6 | -5 | -3 | -3 | 1 | -28 | 8 |
| Cash from Financing Activity | -4 | 0 | 96 | 8 | 2 | -8 | 2 | -12 | 27 | -14 |
| Net Cash Flow | 0 | 0 | 1 | 0 | 0 | -1 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 4 | 0 | -96 | -8 | -2 | 7 | -2 | 11 | -26 | 14 |
| CFO/OP | -70 | 1 | 12265 | -161 | 47 | 63 | -52 | 1354 | 16 | 76 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | — | — | 13 | 42 | 26 | 38 | 14 | 42 | 52 |
| Inventory Days | 706 | — | — | 66 | 82 | 47 | 46 | 37 | 45 | 87 |
| Days Payable | 158240 | — | — | 69 | 57 | 12 | 11 | 34 | 50 | 100 |
| Cash Conversion Cycle | -157534 | — | — | 10 | 67 | 61 | 73 | 18 | 37 | 40 |
| Working Capital Days | -235334 | — | — | -94 | -78 | -9 | -69 | -81 | -125 | -89 |
| ROCE % | — | — | — | -2 | 8 | 18 | -3 | 0 | 5 | 8 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 50.96% | 50.96% | 50.96% | 50.96% | 50.96% | 50.96% | 50.96% | 50.96% | 50.96% | 50.96% | 50.96% |
| DIIs | 0.01% | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 49.03% | 49.03% | 49.04% | 49.04% | 49.04% | 49.04% | 49.02% | 49.03% | 49.03% | 49.04% | 49.04% |
| No. of Shareholders | 17351 | 17350 | 17335 | 17335 | 17333 | 17331 | 17328 | 17324 | 17322 | 17319 | 17319 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 50.96% | 50.96% | 50.96% | 50.96% | 50.96% | 50.96% | 50.96% | 50.96% | 50.96% | 50.96% | 50.96% | 50.96% |
| Public | 49.02% | 49.02% | 49.03% | 49.03% | 49.03% | 49.03% | 49.03% | 49.03% | 49.03% | 49.03% | 49.04% | 49.04% |
| No. of Shareholders | 17326 | 17326 | 17324 | 17324 | 17324 | 17324 | 17322 | 17321 | 17320 | 17319 | 17319 | 17319 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 75.23 | Sell |
| EMA (10) | 75.18 | Sell |
| SMA (20) | 77.19 | Sell |
| EMA (20) | 77.28 | Sell |
| SMA (50) | 82.87 | Sell |
| EMA (50) | 81.33 | Sell |
| SMA (100) | 86.2 | Sell |
| EMA (100) | 85.83 | Sell |
| SMA (200) | 94.92 | Sell |
| EMA (200) | 90.32 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.36 | Neutral |
| MACD (12,26,9) | -2.71 | Sell |
| Stochastic (14,3,3) | 41.15 | Neutral |
| ADX (14) | 31.35 | Buy |
| Williams %R (14) | -75.86 | Neutral |
| ATR (14) | 6.36 | High Volatility |
| ROC (12) | -12.17 | Sell |
| Stoch RSI (14) | 24.24 | Neutral |
| UO (7,14,28) | 64.68 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-09 | [Board Meeting Outcome for Cancellation Of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67c37571-4829-4ebf-93c4-6762f8335c02.pdf) |
| 2026-09-04 | [Board Meeting Outcome for Outcome Of Board Meeting For Appointment Of Internal Auditor Cost Auditor And Calling Of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5d084611-6523-421f-a302-80614c556ec8.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended On June 30 2026 And Updated Regarding Expansion](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=20ce1b90-3d1b-4b7f-acab-d49015663236.pdf) |
| 2026-08-14 | [Unaudited Financial Results For The Quarter Ended On June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e79661e-6bf9-4f4d-bb59-781451b7ba20.pdf) |
| 2026-08-14 | [Postponement Of Execution Of Expansion And Modernisation Of Composite Textile Plant](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e5bc36af-424d-4303-a38f-b55ed4b76f5a.pdf) |
| 2026-08-07 | [Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended On June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6f4a978d-fa36-41cd-a432-401678338807.pdf) |
| 2026-07-17 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=adc0a374-3918-47c9-a901-fe32b9f83c1e.pdf) |
| 2026-07-17 | [Non Applicability Of Statement Of Deviation And Variation For The Quarter Ended On June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c72d3f6-8988-43a2-8610-a4762de39747.pdf) |
| 2026-06-30 | [Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b61a2460-f875-44b9-8afe-52ea6ef2cadb.pdf) |
| 2026-06-03 | [Board Meeting Outcome for Outcome Of Board Meeting For Audited Financial Results For The Quarter And Year Ended On March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1873ad7c-9b24-411a-aebd-866c26c8d2ac.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8 Feb - Board meeting Feb 14, 2026 to approve unaudited results for quarter ended Dec 31, 2025. | [Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended On December 31, 2025 8 Feb - Board meeting Feb 14, 2026 to approve unaudited results for quarter ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e52bc0a5-51ba-42f4-83a6-783a585a2670.pdf) |
| 30 Apr - Girnar Spintex confirms it is not a Large Corporate as of March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Girnar Spintex confirms it is not a Large Corporate as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5941edff-4c97-47d7-91aa-dceb4d502c9e.pdf) |
| 30 Apr - Girnar Spintex confirms it is not a Large Corporate as of March 31, 2026. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr - Girnar Spintex confirms it is not a Large Corporate as of March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5941edff-4c97-47d7-91aa-dceb4d502c9e.pdf) |
| 25 Feb - ICRA re-affirmed and assigned [ICRA] A- (Stable) for long-term fund-based facilities on 24 Feb 2026. | [Announcement under Regulation 30 (LODR)-Credit Rating 25 Feb - ICRA re-affirmed and assigned [ICRA] A- (Stable) for long-term fund-based facilities on 24 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/05861f43-d230-4383-b8ec-fe81dc38b82d.pdf) |
| 21 Jan - Newspaper publication of Unaudited (Standalone and Consolidated) Financial Results for the quarter and nine months ended December 31, 2025. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 21 Jan - Newspaper publication of Unaudited (Standalone and Consolidated) Financial Results for the quarter and nine months ended December 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b76dde64-71dd-48b4-b52f-3679d3cd4192.pdf) |
| 21 Jan - Investor Presentation (Quarter and Nine Months Ended FY 26) | [Announcement under Regulation 30 (LODR)-Investor Presentation 21 Jan - Investor Presentation (Quarter and Nine Months Ended FY 26)](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2ffd92d7-08a1-45e4-8092-7a330c8dd5c4.pdf) |
| 20 Jan - Q3 FY26 revenue Rs10,614m; 9M revenue Rs23,732.6m; Q3 PAT Rs817.67m; 9M PAT Rs1,334.11m. | [Board Meeting Outcome for Outcome Of Board Meeting 20 Jan - Q3 FY26 revenue Rs10,614m; 9M revenue Rs23,732.6m; Q3 PAT Rs817.67m; 9M PAT Rs1,334.11m.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7102102-2f51-49df-a4e2-e5070c5b2768.pdf) |
| 16 Feb - Unaudited quarter ended 31-Dec-2025: revenue Rs3,149.35 lakh, profit Rs25.24 lakh, limited review issued by auditors. | [Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended On December 31, 2025 16 Feb - Unaudited quarter ended 31-Dec-2025: revenue Rs3,149.35 lakh, profit Rs25.24 lakh, limited review issued by auditors.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fd6aee1d-4a3b-49a6-a45a-553a5800c079.pdf) |
| 16 Feb - Approved unaudited Q3 results (31-Dec-2025): Revenue Rs 3,149.35 lakh; profit Rs 25.24 lakh; limited review report. | [Unaudited Financial Results For The Quarter Ended On December 31, 2025 16 Feb - Approved unaudited Q3 results (31-Dec-2025): Revenue Rs 3,149.35 lakh; profit Rs 25.24 lakh; limited review report.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5df5ab6b-5726-4aba-86e7-9acf20b7f308.pdf) |
| 14 Feb - Board adjourned; Q3 results for quarter ended Dec 31, 2025 to be filed by Feb 16, 2026. | [Board Meeting Intimation for Adjourment Of Board Meeting 14 Feb - Board adjourned; Q3 results for quarter ended Dec 31, 2025 to be filed by Feb 16, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/be0e61cc-c41c-4b6e-b2b2-a7b016e3c899.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f3811c28-18ed-46ea-9677-79c38f494801.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/018bddd4-8cb8-4c7d-b1f0-24b7b9fc159a.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a001d4da-5d68-4573-b7fc-703694999e47.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/253df326-14de-4a76-9231-12bc1a9ac3fa.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/290516c5-5445-4f6a-8150-b0c8cb35429b.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/04f9f957-eac3-4a18-9129-a8ee0db46a4a.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ef131ed2-a58a-4508-93fa-ad7c6c16d3ab.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/43d52535-35c3-45f9-8968-235f78f3e096.pdf) |
| Nov 2016 | [Concall - Nov 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=47520381_6890_4CED_A833_F946753F39FC_145029.pdf) |
| Nov 2016 | [Concall - Nov 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=DCCEDD38_BD5A_4EAB_852E_CED042FE3744_164112.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1512_ASIL_2012_2013_05092013155011.zip) |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_862_TBZ_2012_2013_06082013112832.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_ASIL_2009_2010_14092010120000.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f9abde24-24cf-4915-a89d-044912f7c134.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ffd8ffe-7516-4fee-af5e-ec24b7d48d93.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f28d09f1-4f16-4edc-9350-547c154b8391.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/534369/74087534369.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/521076/71698521076.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/534369/69748534369.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/521076/67053521076.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:19:25.268Z.