Bhilwara Spinners (BSE: BHILSPIN) had a P/E of 13.1× on 6 Nov 2026, below the industry P/E of 17.0×, and the shares are 15% below their 52-week high. Net profit grew 23% a year over 3 years; its ROCE of 7.3% is the second-lowest among the 7 largest Textile Manufacturing peers. Debt is 2.07× equity. It is a small-cap company with a market cap of ₹117 Cr, ranked 108th of 246 Textile Manufacturing companies by market cap; the shares rose 15% over the past year.
- ₹122.05
- ₹129.80
- ₹122.05
- ₹127.95
- 3.1K
Health check
- ReturnsIn line
+15.3% over a year, better than 3 of 7 peers.
- Price tagCheaper
P/E 13.1 vs industry 17.0.
- GrowthStrong
Sales +324.9%, profit +23.4% a year over 3 years.
- ProfitabilityWeak
ROCE 7.3% vs peer median 10.7%.
- Balance sheetStretched
Debt 2.07× equity, interest covered 1.4×, Piotroski 8 of 9.
- Red flags2 to check
Debt is 2.07× equity.
Small cap
Defensive
Key metrics
- Market cap
- ₹117 Cr
- Small cap
- P/E
- 13.1
- Industry 17.0
- Price to book
- 2.33
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- 10.3%
- Peers 10.1%
- ROCE
- 7.3%
- Peers 10.7%
- Debt to equity
- 2.07
- Debt ₹104 Cr
- EPS (TTM)
- ₹9.88
- OPM (TTM)
- 15.8%
- Net margin 8.5%
- Sales growth
- +1167.0%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 1.11
- EV/EBITDA 12.7
Strengths and risks
Strengths
- Quarterly sales up 1167.0% on a year ago.
Risks to check
- Debt is 2.07× equity.
- Interest coverage of only 2.3×.
About Bhilwara Spinners
Bhilwara Spinners Limited engages in spinning, weaving, and finishing of textiles in India. It offers plain, Lycra, linen, checks, premium, and fancy products. The company was incorporated in 1980 and is based in Bhilwara, India.
- Headquarters
- Bhilwara
- Employees
- 2
- Sector
- Consumer Cyclical
- ISIN
- INE436C01014
- Website
- bhilspin.com
Price range
- Avg volume (3M)
- 2K
- 1-year return
- plus 15.3%
- From 52-week high
- minus 15.4%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 14.3 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.98% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.91% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.09% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.31% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.26% | minus 3.9% |
| BHILSPINBhilwara Spinners | 129.40 | plus 1.13% | 117 | 13.1 | 2.33 | 7.3% | 10.3% | 15.8% | 324.9% | 23.4% | 0.00% | plus 15.3% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.91% | 22.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 2.7 | 12.5 | 24.7 | 34.6 | 33.8 | |
| 2.4 | 9.2 | 20.3 | 30.3 | 29.3 | |
| 0.2 | 3.3 | 4.4 | 4.3 | 4.6 | |
| 8.7% | 26.7% | 18.0% | 12.4% | 13.5% | |
| 0 | 0.1 | 0.1 | 0.9 | 0.6 | |
| 0.8 | 2.4 | 2.2 | 0.7 | 1.4 | |
| 1.1 | 1.5 | 1.5 | 1.4 | 1.5 | |
| – | 0.6 | – | – | – | |
| −1.6 | 0.2 | 0.8 | 3.1 | 2.3 | |
| −33.6% | 153.2% | 39.6% | −112.9% | 18.0% | |
| −2.1 | −0.1 | 0.5 | 6.7 | 1.9 | |
| -2.36 | -0.13 | 0.54 | 7.37 | 2.11 |
Profit & loss
- Sales CAGR 3Y
- +324.9%
- Profit CAGR 3Y
- +23.4%
- EPS CAGR 3Y
- +12.0%
- ROE
- 10.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1 | 9.4 | 25 | 74.5 | |
| – | +869.1% | +165.6% | +198.3% | |
| 1.3 | 8.8 | 21.8 | 61.3 | |
| −0.3 | 0.6 | 3.2 | 13.2 | |
| −32.1% | 6.0% | 12.8% | 17.7% | |
| 0.7 | 0.1 | 0.1 | 0 | |
| 0 | 0.1 | 0.8 | 5.8 | |
| 0 | 0 | 0.7 | 5.4 | |
| 2.9 | 1.5 | 0.7 | 0.6 | |
| 3.2 | 2.1 | 2.4 | 2.6 | |
| 17.7% | 17.2% | 29.3% | −91.6% | |
| 2.6 | 1.7 | 1.7 | 4.9 | |
| – | minus 33.6% | minus 0.2% | +183.6% | |
| 3.86 | 1.92 | 1.91 | 5.42 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.8 | 9.1 | 9.1 | 9.1 | |
| 20.2 | 34.5 | 36.3 | 41.2 | |
| – | 52.8 | 74.1 | 104 | |
| 1.3 | 1.5 | 3.2 | 5.4 | |
| 28.2 | 97.9 | 123 | 159 | |
| 18.8 | 78.6 | 110 | 106 | |
| 10.4 | 70.4 | 56.5 | – | |
| 1.3 | 1.5 | 0.5 | 4 | |
| 2.9 | 0 | 0.2 | 0 | |
| −5.1 | −52.6 | −45 | 49.1 | |
| 28.2 | 97.9 | 123 | 159 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.2 | −10.1 | 11.7 | 3.7 | |
| −6.6 | −58.2 | −31.9 | −27.6 | |
| 0 | 65.4 | 20.4 | 23.7 | |
| 2.7 | −2.9 | 0.2 | −0.2 | |
| −10.4 | −60 | −32.8 | −28.6 | |
| −1.2 | −70.1 | −21.1 | −24.9 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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