Ruby Mills Limited (RUBYMILLS) AI Stock Analysis

• Market Cap: ₹6.67B
• Dividend Yield: 0.78%
• Average Volume (3M): 2.05K
• Price to Earnings (P/E): 19.5
• Beta (1Y): 1.66
• Revenue Growth: 31.27%
• EPS Growth: 38.24%
• Country: IN
• Employees: 188
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): 2.83
• Shares Outstanding: 33,440,000
• 10 Day Avg. Volume: 726
• 30 Day Avg. Volume: 2,052
• PEG Ratio: -3.06
• Price to Book (P/B): 1.01
• Price to Sales (P/S): 2.64
• P/FCF Ratio: -10.83
• 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: 63 Neutral
• Price Target: ₹226.00 ▲(3.43% Upside)
• Action: Reiterated Date: 03/07/26
• Date: Action: Reiterated 03/07/26

The score is primarily driven by solid margins and balance-sheet stability, offset by significant cash-flow weakness (negative free cash flow) and only modest growth. Technical signals are mixed with a weaker longer-term trend, while valuation appears moderate with a low dividend yield.

Positive Factors

High Profitability Margins

Sustained high gross and EBITDA margins indicate structural cost advantage or premium pricing in core textile operations. Durable margins provide cushion versus volume swings, support reinvestment and working-capital needs, and make earnings less sensitive to short-term revenue variability.

Balance-sheet Stability

A strong equity ratio implies low solvency risk and financial headroom to absorb shocks or fund growth without immediate refinancing. Over a multi-month horizon this stability supports access to capital, underwriting of export activity, and resilience through textile demand cycles.

Integrated Textile Business Model

Vertical exposure across yarn and fabric plus export capabilities reduces single-segment concentration, helps capture margin across the value chain, and diversifies end markets. This structural business mix supports steadier revenue streams and operational flexibility over time.

Negative Factors

Negative Free Cash Flow

Material negative free cash flow constrains the company's ability to self-fund capex, working capital or dividends and increases reliance on external financing. Persisting FCF deficits can force asset sales, cutbacks, or higher leverage, weakening long-term financial flexibility.

Rising Leverage

An uptick in debt load reduces balance-sheet flexibility and raises interest expense risk. If leverage continues to rise while cash generation is weak, the company faces tighter liquidity cushions and higher refinancing risk, which can pressure margins and strategic options.

Modest Revenue Growth & Declining EBIT

Low top-line growth alongside falling operating profit signals structural demand or execution issues. Without clear revenue expansion, margin improvements are harder to sustain and the firm may struggle to leverage fixed costs, limiting scalable earnings improvement over the medium term.

Ruby Mills Limited Business Overview & Revenue Model

Company Description

The Ruby Mills Limited manufactures textile products in India. It operates in two segments, Textiles, and Real Estate. The company offers cotton, blended yarn, and fabrics, as well as engages in the real estate development and related activities. It also exports its products. The company was incorporated in 1917 and is based in Mumbai, India.

How the Company Makes Money

Ruby Mills Limited generates revenue primarily through the sale of its textile products. The company manufactures and sells fabrics made from cotton and blended materials to various segments including fashion brands, garment manufacturers, and retailers. Key revenue streams include domestic sales within India and exports to international markets. The company also leverages its advanced manufacturing facilities and strategic partnerships with fashion and textile brands to enhance its market presence and expand its customer base. Additional revenue may be generated through innovative product offerings and collaborations with designers to create exclusive fabric lines.

Ruby Mills Limited Financial Statement Overview

Summary

Strong profitability (gross margin 52.2%, net margin 17.4%, EBITDA margin 28.8%) and a stable equity position (equity ratio 61.4%) are positives, but modest revenue growth (2.4%), a decline in EBIT, rising leverage (debt-to-equity 0.52), and negative free cash flow (-591m INR) materially weaken the financial picture.

Income Statement

Ruby Mills Limited has demonstrated a strong gross profit margin of 52.2% and a net profit margin of 17.4% in the latest fiscal year. However, the revenue growth has been modest at 2.4% compared to the previous year. The EBIT margin is solid at 14.0%, and the EBITDA margin is healthy at 28.8%. Despite these strengths, the decline in EBIT from the previous year indicates some operational challenges.

Balance Sheet

The company maintains a robust equity position with an equity ratio of 61.4%, indicating financial stability. However, the debt-to-equity ratio has increased to 0.52, suggesting a rising reliance on debt financing. The return on equity is commendable at 6.6%, but there's room for improvement in optimizing equity returns.

Cash Flow

Ruby Mills' cash flow situation is concerning with a negative free cash flow of -591 million INR. The operating cash flow to net income ratio is negative, reflecting cash generation issues. The company's free cash flow to net income ratio is also negative, indicating a need to improve cash management strategies.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.00B	2.43B	2.29B	2.60B	1.59B	1.23B
Gross Profit	1.79B	1.27B	629.14M	1.70B	812.08M	885.20M
EBITDA	844.77M	698.34M	674.46M	545.07M	542.34M	470.02M
Net Income	537.62M	423.13M	445.43M	352.26M	310.47M	258.48M
Balance Sheet
Total Assets	11.29B	10.38B	8.75B	9.60B	9.66B	10.48B
Cash, Cash Equivalents and Short-Term Investments	1.41B	1.10B	732.49M	1.03B	258.86M	465.34M
Total Debt	3.96B	3.28B	2.13B	2.41B	2.80B	3.95B
Total Liabilities	4.75B	4.01B	2.75B	4.00B	4.37B	5.49B
Stockholders Equity	6.54B	6.37B	6.00B	5.60B	5.29B	4.99B
Cash Flow
Free Cash Flow	-368.77M	-591.48M	227.73M	1.18B	813.62M	161.28M
Operating Cash Flow	-333.03M	-376.43M	499.57M	1.25B	950.06M	175.36M
Investing Cash Flow	-215.24M	-844.87M	-775.33M	4.67M	210.35M	14.82M
Financing Cash Flow	609.33M	1.09B	-349.47M	-478.44M	-1.28B	-42.76M

Ruby Mills Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 218.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RUBYMILLS, the sentiment is Negative. The current price of 218.5 is above the 20-day moving average (MA) of 199.15, above the 50-day MA of 203.60, and below the 200-day MA of 221.71, indicating a neutral trend. The MACD of -0.30 indicates Negative momentum. The RSI at 48.83 is Neutral, neither overbought nor oversold. The STOCH value of 40.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RUBYMILLS.

Ruby Mills Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RSWM	66 Neutral	₹6.51B	73.65	―	―	5.54%	―
RUBYMILLS	63 Neutral	₹6.67B	19.45	―	0.78%	31.27%	38.24%
CHEVIOT	63 Neutral	₹5.74B	9.17	―	0.45%	21.72%	-26.78%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
LAMBODHARA	62 Neutral	₹984.32M	13.04	―	0.42%	13.13%	-2.13%
PASHUPATI	62 Neutral	₹15.60B	120.13	―	0.06%	―	―
BASML	44 Neutral	₹1.58B	22.90	―	―	-8.50%	―

Ruby Mills Limited Corporate Events

Ruby Mills Calls Virtual Extraordinary General Meeting for March 26, 2026

Ruby Mills Limited has scheduled an Extraordinary General Meeting of its shareholders for March 26, 2026, at 3:30 p.m. IST, to be conducted via video conferencing and other audio-visual means. The company has circulated the formal meeting notice to stock exchanges, in line with SEBI disclosure regulations, and uploaded the notice on its website, reinforcing its compliance standards and digital approach to shareholder engagement.

The announcement underscores the company’s adherence to regulatory requirements and its continued use of virtual platforms for corporate governance events. While the specific agenda items for the meeting were not disclosed in the notice summary, the convening of an extraordinary meeting signals that matters requiring shareholder approval, beyond routine annual business, will be considered later this month.

Ruby Mills to Set Up Three Wholly Owned Subsidiaries for Solar Open Access Investment

The Board of The Ruby Mills Limited has approved the incorporation of three wholly owned subsidiaries in Mumbai as special purpose vehicles to invest in a Solar Open Access project, signalling a strategic move into renewable energy-linked infrastructure. These entities are intended to provide greater flexibility in managing the company’s future investment in the project, with their creation subject to statutory and regulatory approvals, and further details to be disclosed to stock exchanges once the subsidiaries are formally incorporated.

Ruby Mills Closes Trading Window Ahead of Q3 FY2025 Results

Ruby Mills Limited has announced that its trading window for dealing in the company’s securities will be closed from January 1, 2026 until 48 hours after the board meeting at which the unaudited financial results for the quarter ended December 31, 2025 are considered. During this period, directors, officers, designated employees, related parties, various auditors, and their dependent family members are prohibited from trading in the company’s shares, reflecting the company’s adherence to SEBI’s insider trading regulations and its internal code of conduct aimed at ensuring fair disclosure and preventing misuse of unpublished price-sensitive information.

Ruby Mills Finalizes Settlement Agreement with Mindset Estates

Ruby Mills Limited has finalized a Settlement Agreement with Mindset Estates Private Limited regarding a Revenue Share Development Agreement. This settlement, mediated by Hon’ble Justice Mr. Sharukh J. Kathawala (Retd.), resolves all rights, obligations, and asset allocations between the parties, ensuring no further claims will arise outside the agreement’s scope.