Pashupati Cotspin Ltd. (PASHUPATI) AI Stock Analysis

• Market Cap: ₹15.52B
• Dividend Yield: 0.06%
• Average Volume (3M): 1.83K
• Price to Earnings (P/E): 120.1
• Beta (1Y): 0.27
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 477
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Manufacturing - Textiles
• EPS (TTM): 1.68
• Shares Outstanding: 15,784,000
• 10 Day Avg. Volume: 1,043
• 30 Day Avg. Volume: 1,827
• PEG Ratio: 1.42
• Price to Book (P/B): 6.27
• Price to Sales (P/S): 1.53
• P/FCF Ratio: 74.22
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ₹1,043.00 ▲(38.29% Upside)
• Action: Reiterated Date: 12/18/25
• Date: Action: Reiterated 12/18/25

Pashupati Cotspin Ltd. receives an overall score of 62, driven primarily by its mixed financial performance and moderate technical analysis. The high P/E ratio suggests overvaluation, but a strong dividend yield offers some investor appeal. The absence of earnings call data and corporate events means these factors did not influence the score.

Positive Factors

Reduced leverage / stronger equity base

Reported decreases in debt-to-equity and an improved equity ratio indicate a durable reduction in leverage and stronger capitalization. That structural improvement increases financial flexibility for capex, supports credit metrics over time and lowers interest burden, helping sustain investment and growth.

Free cash flow turned positive

Free cash flow moving from negative to positive reflects improving ability to fund operations and returns internally. Persistent positive FCF supports reinvestment, dividends and debt reduction, strengthening long-run liquidity and lowering reliance on external financing.

Improving margins & operational efficiency

A recovery in gross margin and stable EBIT/EBITDA margins point to better cost controls and production efficiency. Sustained margin improvement enhances competitive pricing flexibility and profitability resilience across cycles, supporting durable earnings quality.

Negative Factors

Inconsistent revenue growth

Intermittent or declining top-line trends reduce visibility into demand and capacity utilization. Persistent revenue inconsistency can pressure margins, hamper long-term planning for capacity or exports, and make returns on incremental investment less predictable.

Operating cash flow volatility

A material drop and volatility in operating cash flow, and declining conversion of income to cash, create structural risk. Weaker OCF limits funding for working capital and capex, raises dependence on external funding, and can strain sustained dividend or deleveraging plans.

Material residual debt

Despite lower leverage ratios, a still-significant absolute debt stock maintains refinancing and interest-rate exposure. Ongoing debt service requirements constrain cash allocation, limiting flexibility for growth investments and increasing vulnerability to market or cyclical shocks.

Pashupati Cotspin Ltd. Business Overview & Revenue Model

Company Description

Pashupati Cotspin Limited engages in the ginning, manufacture, processes, and sale of cotton yarns in India. It offers cotton bales, cakes, and seed; eli twist lycra cotton yarn, and wash oil. The company also offers BCI, organic, and other types of cotton yarns. Pashupati Cotspin Limited was founded in 1997 and is based in Ahmedabad, India.

How the Company Makes Money

Pashupati Cotspin Ltd. generates revenue primarily through the sale of cotton yarn, which constitutes its main product line. The company operates a comprehensive revenue model that includes the manufacturing and distribution of various types of yarn, targeting different segments of the textile market, such as apparel, home textiles, and industrial textiles. Key revenue streams include direct sales to garment manufacturers and wholesalers, as well as exports to international markets, which help diversify income sources. PASHUPATI also benefits from strategic partnerships with suppliers and distributors that enhance its market reach and operational efficiency. Additionally, the company's focus on quality and innovation in its product offerings enables it to command premium pricing, further contributing to its profitability.

Pashupati Cotspin Ltd. Financial Statement Overview

Summary

Pashupati Cotspin Ltd. demonstrates a mixed financial performance with improvements in profitability and equity strength. However, challenges remain in revenue growth and cash flow stability. Operational efficiency is evident, but the company needs to enhance profitability and manage debt levels for long-term financial health.

Income Statement

Pashupati Cotspin Ltd. shows a mixed performance in its income statement. The gross profit margin has improved from a negative position in 2023 to a positive one in 2025, indicating better cost management. However, the net profit margin remains relatively low, despite an increase in net income over the years. Revenue growth has been inconsistent, with a decline in 2025 compared to 2024. The EBIT and EBITDA margins are stable, suggesting operational efficiency, but there is room for improvement in profitability.

Balance Sheet

The balance sheet of Pashupati Cotspin Ltd. reflects a stable financial position with a decreasing debt-to-equity ratio, indicating reduced leverage over time. The equity ratio has improved, showing a stronger equity base relative to total assets. Return on equity has increased, demonstrating better utilization of shareholder funds. However, the company still carries a significant amount of debt, which could pose risks if not managed properly.

Cash Flow

Cash flow analysis reveals fluctuations in operating cash flow, with a significant drop in 2025 compared to previous years. Free cash flow has shown growth from a negative position in 2023 to positive in 2025, indicating improved cash generation. However, the operating cash flow to net income ratio has decreased, suggesting potential challenges in converting income into cash. The free cash flow to net income ratio is positive, but there is room for improvement in cash flow stability.

Breakdown	TTM	Mar 2024	Mar 2024	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.63B	6.32B	6.53B	3.68B	5.96B
Gross Profit	164.01M	467.34M	503.10M	-322.18M	148.73M
EBITDA	240.99M	385.03M	392.36M	261.69M	416.15M
Net Income	100.53M	128.80M	83.04M	38.79M	111.25M
Balance Sheet
Total Assets	2.93B	2.99B	3.11B	3.09B	3.07B
Cash, Cash Equivalents and Short-Term Investments	395.02M	291.90M	381.07M	259.84M	375.86M
Total Debt	913.01M	1.13B	1.51B	1.73B	1.77B
Total Liabilities	1.32B	1.44B	1.92B	1.97B	1.98B
Stockholders Equity	1.60B	1.54B	1.19B	1.11B	1.08B
Cash Flow
Free Cash Flow	163.12M	130.28M	472.24M	-17.20M	175.65M
Operating Cash Flow	207.35M	139.76M	555.55M	590.90M	221.54M
Investing Cash Flow	-37.36M	139.71M	-151.06M	-428.18M	-340.48M
Financing Cash Flow	-160.33M	-278.00M	-409.56M	-166.28M	128.85M

Pashupati Cotspin Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 754.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PASHUPATI, the sentiment is Positive. The current price of 754.2 is below the 20-day moving average (MA) of 979.30, below the 50-day MA of 882.63, and below the 200-day MA of 765.54, indicating a bullish trend. The MACD of 32.64 indicates Positive momentum. The RSI at 65.00 is Neutral, neither overbought nor oversold. The STOCH value of 48.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PASHUPATI.

Pashupati Cotspin Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PASHUPATI	62 Neutral	₹15.52B	120.13	―	0.06%	―	―
SHIVATEX	59 Neutral	₹1.87B	36.61	―	0.33%	15.16%	780.57%
Sector *	57 Neutral	$3.13B	9.23	-34.32%	3.14%	-25.56%	-353.61%
SURYALAXMI	55 Neutral	₹948.73M	53.55	―	―	4.60%	226.64%
BASML	44 Neutral	₹1.52B	22.90	―	―	-8.50%	―
ZODIACLOTH	40 Underperform	₹1.87B	-6.35	―	―	4.96%	14.10%

Pashupati Cotspin Ltd. Corporate Events

Pashupati Cotspin Seeks Shareholder Nod for Stock Split via Postal Ballot

Pashupati Cotspin Ltd. has initiated a postal ballot process to seek shareholder approval for a stock split of its equity shares and a corresponding alteration of the capital clause in its memorandum of association. The company is conducting the exercise entirely via remote e-voting through NSDL, with eligibility determined by a February 20, 2026 cut-off date and results expected on or before March 31, 2026.

The move to sub-divide shares is aimed at restructuring the company’s share capital and could improve liquidity and accessibility for smaller investors, potentially broadening its shareholder base. By using an all-digital voting process and enabling last-minute email registration, the company is aligning with regulatory norms while encouraging wider participation from its investors in this capital restructuring decision.

Pashupati Cotspin Board Clears Stock Split, Moves to Amend Capital Structure

Pashupati Cotspin Ltd.’s board has approved a stock split, subdividing each fully paid equity share with a face value of Rs 10 into 10 fully paid equity shares of Re 1, subject to shareholder and regulatory approvals. The move, which corrects an earlier miscommunication on the split ratio, is intended to adjust the company’s capital structure and could enhance liquidity and accessibility of the stock for smaller investors.

To implement the split, the board has cleared amendments to the capital clause of the company’s Memorandum of Association and approved a postal ballot process to seek member approval. The company has also appointed an external scrutinizer to oversee the postal ballot, underscoring an emphasis on procedural transparency and regulatory compliance in executing the corporate action.

Pashupati Cotspin Files SEBI Demat Compliance Certificate for Q3 FY2025

Pashupati Cotspin Limited has submitted to the stock exchanges a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025, as issued by its registrar and share transfer agent MUFG Intime India Private Limited. The registrar confirmed that all securities received for dematerialisation during the quarter were duly processed, listed on the relevant exchanges, and that corresponding physical certificates were mutilated, cancelled, and the depositories’ names recorded as registered owners within prescribed timelines, underscoring the company’s adherence to regulatory norms and robust share transfer and demat procedures.