Ruby Mills Limited stands as one of India's established textile manufacturers, with a legacy spanning over a century. The company was incorporated in 1917 and is headquartered in Mumbai, India. It operates as a composite textile mill engaged in the manufacture of cotton/blended yarn and fabric, while also having a significant presence in real estate development.
Ruby Mills Limited operates through two primary segments: Textile and Real Estate.
The company's textile operations encompass a comprehensive range of fabric manufacturing capabilities. Its range of fabrics includes cotton, polyester, viscose, modal, lyocell, linen, Bemberg, ramie, rayon, and lycra and their blends.
The company has established a strong market presence through its various brand portfolios, which include Ruby Fabrics, Lukas, Hitline, and Label R. Its interlining products include basic interlining, high-density polyethylene (HDPE) interlining, and low-density polyethylene (LDPE) interlining products. Other textile products include industrial textiles, institutional supply, functional textiles, and fancy fabrics.
The apparel business is engaged in designing and manufacturing clothing for healthcare, fashion apparel, corporate, and educational institutions. This diversified approach within the textile sector allows the company to serve multiple market segments and reduce dependency on any single product category.
Ruby Mills operates through a well-established manufacturing infrastructure with three plants located in Mumbai, and at Village Dhamni & Village Kharsundi, in Khopoli, Taluka Khalapur, District Raigad. The company's entire Spinning & Weaving plants are at Village Dhamni, and fabric processing activity, previously at Mumbai, is being shifted to Village Kharsundi, Khopoli.
The company has invested significantly in modernizing its manufacturing capabilities, including purchasing 30 Sulzer looms and replacing older Cimmco autolooms and Picanol looms. This technological upgrade demonstrates the company's commitment to maintaining competitive manufacturing standards.
Ruby Mills has developed an extensive distribution network to serve its customers across India. As a composite Textile Mill that manufactures Cotton/Blended Yarn and Fabric, it has a network covering 10,000+ retail outlets through 200 dealers and 19 agents.
To achieve deeper market penetration, TRML shifted from exclusively wholesale marketing to direct marketing by establishing a nationwide network of distributors and agents. This strategic shift reflects the company's adaptive approach to market conditions and customer service.
Beyond textiles, Ruby Mills has diversified into real estate development. In the Real Estate segment, the Company's commercial project, "The Ruby," provides an integrated business environment with various facilities such as advanced infrastructure, safety, and security systems. This diversification provides additional revenue streams and helps balance the company's overall business portfolio.
Ruby Mills Ltd has a market capitalization of ₹789 Crore as on 27-Jun-2025, positioning it as a small-cap entity within the Indian textile sector as per Value Research classification.
Recent financial data indicates specific performance metrics for investors:
• Market Cap: ₹803 Crore (down -0.18% in 1 year)
• Revenue: ₹243 Crore
• Profit: ₹42.3 Crore
The company's financial performance shows certain challenges over the medium term, including a poor sales growth of 5.80% over the past five years and a low return on equity of 6.85% over the last 3 years. These metrics suggest areas where the company may need to focus on operational improvements.
• Market Capitalization: ₹789 Crore (as of 27-Jun-2025)
• Promoter Holding: 74.9%
• P/B Ratio: 1.24 times (as on 27-Jun-2025), a 40% discount to its peers' median range of 2.05 times.
• P/E Ratio: 18.66 times (as on 27-Jun-2025), a 36% discount to its peers' median range of 29.02 times.
• Dividend Declared (Mar 2024): ₹1.75
• Dividend Yield (TTM)%: 0.73%
With a significant promoter holding of 74.9%, there is strong management control and commitment to the company's long-term growth prospects. This substantial promoter stake often provides stability and aligned interests between management and shareholders.
Ruby Mills Limited is listed on the BSE with a BSE Code of 503169, and on the NSE with an NSE Symbol of RUBYMILLS. The ISIN is INE301D01026. Its Registered office is at Ruby House, J K Sawant Marg, Dadar (West) Mumbai-400028, Maharashtra.
Ruby Mills Limited represents a traditional textile manufacturer with over a century of operational experience, a diversified product portfolio, and an established market presence. While facing challenges in sales growth and returns, the company's strong promoter holding, extensive distribution network, and diversification into real estate provide multiple avenues for potential growth and stability.
