AB Cotspin India Limited was originally incorporated as "Ganga Cottex Private Limited" at Jalandhar, as a Private Limited Company vide Certificate of Incorporation dated June 23, 1997. Subsequently, the Company converted to a Public Limited and the name was changed to "Ganga Cottex Limited" and further to "AB Cotspin India Limited" vide Incorporated dated December 24, 2010 issued by Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. The company has presently one manufacturing facility which is located at, Jaitu (Dist Faridkot), Punjab.
The Company is primarily engaged in manufacturing of cotton yarn, knitted fabric, cottonseed oil and oilcakes. The Company is engaged in manufacturing cotton yarns and fabrics, both combed and carded, catering to requirements of niche customers who in turn are engaged in making garments for their international buyers. It has a research and development (R&D) facility with both online and offline quality monitoring system round the clock.
In 1997, the company started its journey in the name of 'Ganga Cottex Private Limited' with Cotton Ginning Plant. In 2000, the company installed a crushing unit to extract oil from cotton and mustard seeds and expanded the product basket with the addition of cotton seed oil, mustard oil and oil cake. After this, in 2011, the company ventured into yarn manufacture with the installation of a spinning plant. Later, in 2014, knitting machines were added and knitted fabric production begun.
The company operates with a diversified product portfolio that includes cotton yarn manufacturing in various counts ranging from 20-30s, double yarn varieties, and slub yarn. Its cotton yarns are used for making gray cloth, which is then used in manufacturing apparels. The Company's cottonseed oil and mustard seed oil is further refined in refineries and is used for human consumption.
AB Cotspin India Ltd is supplying its products domestically, with its customers primarily situated in the states of Punjab and Haryana. The firm serves both domestic and international markets and is listed on the NSE Emerge exchange. The company has established itself as a reliable supplier to textile manufacturers who produce garments for international buyers, demonstrating its capability to meet quality standards required for export markets.
As of May 12, 2025 01:43 PM, the market capitalization of AB Cotspin India Ltd stood at ₹991.67 Crore.
The latest PE ratio of AB Cotspin India Ltd as of May 12, 2025 01:43 PM is 68.57, while the latest PB ratio is 0.15. The 52-week high of AB Cotspin India Ltd share price is ₹516.00, and the 52-week low is ₹210.00.
The company has demonstrated strong financial performance in recent quarters.
• Q3 FY2024-25: Net profit jumped 43.82% YoY to ₹4.07 Crore. Quarterly net profits increased by 131.25% since the last 3-months. Revenue from operations declined 13.6% YoY to ₹59.24 Crore in the quarter ended December 31, 2024.
• H1 FY2024-25 (Consolidated): Net profit rose 103.54% to ₹4.03 Crore, while net sales jumped 38.60% to ₹153.87 Crore compared to H1 FY2023-24.
• Revenue: ₹300.91 Crore
• PAT: Up 52.27%
• Spindle Capacity: Expanded to 50,832
• Solar Power: Increased to 3,131 KW
The company has shown consistent growth with operating revenue of ₹289.33 Crore on a trailing 12-month basis. An annual revenue growth of 51% is outstanding, though a Pre-tax margin of 3% and an ROE of 9% indicate areas for improvement.
• Market Capitalization: ₹991.67 Crore (as of May 12, 2025)
• PE Ratio: 68.57 (as of May 12, 2025)
• PB Ratio: 0.15 (as of May 12, 2025)
• 52-Week High: ₹516.00
• 52-Week Low: ₹210.00
• Q3 FY2024-25 Net Profit: ₹4.07 Crore (Up 43.82% YoY)
• H1 FY2024-25 Net Sales: ₹153.87 Crore (Up 38.60% YoY)
• Promoter Holding: 52.5%
The company has been actively focusing on sustainability and environmental responsibility. AB Cotspin India Ltd recently installed an additional 300 KW of solar power, raising its total installed solar capacity to 2,800 KW. Furthermore, an additional 331 KW of solar power is currently under installation and is expected to become operational by January 2025. In 2021, the company was awarded the SCOPE certification for conforming to Global Organic Textile Standard (GOTS).
AB Cotspin India has received several prestigious awards recognizing its operational excellence and safety standards.
• 2015: Certified by the Better Cotton Initiative.
• 2016: Awarded a 'one-star export house' by DGFT.
• 2018: Declared the recipient of the First Prize for Largest Reduction in Accident Frequency in Cotton Textile Industry (1 Lakh - 5 Lakh man-hours) by the Directorate of Factories Punjab and Punjab Industrial Safety Council.
The company has been showing strong market performance with its stock trading at 3.97 times its book value. Promoter Holding stands at 52.5% as per the latest available data. Though the company is reporting repeated profits, it is not currently paying out dividends, which suggests the management is focusing on reinvesting profits for business expansion and growth.
The company expects to achieve a Turnover of around ₹350-400 Crore, EBITDA of ₹50-55 Crore, and PAT of ₹30-35 Crore for FY 2025-26. At the core of its operations is a steadfast commitment to sustainability and innovation—whether through advanced recycling practices, renewable energy utilization, or resource optimization.
AB Cotspin India Ltd is well-positioned to benefit from the growing textile demand both domestically and internationally, with its focus on quality manufacturing, sustainable practices, and continuous capacity expansion making it an attractive investment proposition in the textile sector.
