526179
Ludlow Jute financials
- Market cap
- ₹345 Cr
- Sector
- Forest Materials
What Ludlow Jute does
Ludlow Jute & Specialities Limited operates a jute mill at Chengail, Howrah, West Bengal, manufacturing jute goods sold under a single reportable business segment. Its industrial line covers Hessian and Sacking (compulsory jute packaging for food grains and sugar under the JPMA), while its diversified line covers lifestyle and promotional jute bags, other made-ups, Jute Non-woven based Composite Board and Jute Horticultural Pots. It sells both to the domestic market and via exports, and recently added automated looms to its production line.
Segments
- Jute Goods (single reportable segment)
- Hessian & Sacking
- Diversified jute products
- Manufacturing plant
- 1 (Chengail, Howrah, West Bengal)
- Production volume (FY25)
- 25,573 MT (down from 45,043 MT in FY24)
- Permanent employees
- 233 (as on 31.03.2025)
- Newly installed automatic looms
- 50 (N4A automatic loom machines)
- Reportable business segments
- 1 (Jute Goods)
Quarterly results
Q1 FY27: revenue up 67.6%, net profit up 43.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 79 | 52 | 95 | 113 | 135 +71% | 136 +159% | 148 +56% | 189 +68% |
| EBITDA | 1 | 2 | 10 | 11 | 14 +1737% | 9 +521% | 8 −23% | 14 +28% |
| Net profit | -4 | -3 | 3 | 4 | 7 +295% | 3 +232% | 1 −45% | 6 +43% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −26.0% 1Y
1Y: ₹432.6 on 10 Sept 2025 → ₹320.1. High ₹442.55 (11 Sept 2025), low ₹165.05 (30 Mar 2026).
Financials, as filed
Revenue fell 0.5% a year over 3 years, FY23 to FY26. Operating margin widened to 7.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹540 Cr | ₹476 Cr | ₹301 Cr | ₹532 Cr |
| Operating profit | ₹17 Cr | ₹0 Cr | ₹8 Cr | ₹42 Cr |
| Operating margin | 3.1% | 0.1% | 2.7% | 7.9% |
| Interest | ₹7 Cr | ₹10 Cr | ₹12 Cr | ₹15 Cr |
| Depreciation | ₹8 Cr | ₹9 Cr | ₹11 Cr | ₹6 Cr |
| Net profit | ₹1 Cr | ₹-13 Cr | ₹-11 Cr | ₹16 Cr |
| Net margin | 0.2% | -2.6% | -3.5% | 3.0% |
| Cash from operations | ₹12 Cr | ₹19 Cr | ₹-5 Cr | ₹-18 Cr |
| Free cash flow | ₹-13 Cr | ₹11 Cr | ₹-17 Cr | ₹-50 Cr |
| ROCE | 3.0% | -3.0% | -1.0% | 10.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr |
| Reserves | ₹152 Cr | ₹165 Cr | ₹166 Cr | ₹154 Cr | ₹169 Cr | ₹175 Cr |
| Borrowings | ₹99 Cr | ₹98 Cr | ₹121 Cr | ₹120 Cr | ₹150 Cr | ₹214 Cr |
| Other liabilities | ₹80 Cr | ₹58 Cr | ₹69 Cr | ₹80 Cr | ₹45 Cr | ₹53 Cr |
| Total liabilities | ₹341 Cr | ₹331 Cr | ₹367 Cr | ₹366 Cr | ₹375 Cr | ₹452 Cr |
| Fixed assets | ₹161 Cr | ₹170 Cr | ₹180 Cr | ₹190 Cr | ₹198 Cr | ₹212 Cr |
| Capital work in progress | ₹6 Cr | ₹3 Cr | ₹12 Cr | ₹3 Cr | ₹6 Cr | ₹8 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹174 Cr | ₹158 Cr | ₹175 Cr | ₹173 Cr | ₹171 Cr | ₹232 Cr |
| Total assets | ₹341 Cr | ₹331 Cr | ₹367 Cr | ₹366 Cr | ₹375 Cr | ₹452 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 8% to 7,815.
- Promoters
- 67.2%
- Public
- 32.8%
Since Jun 2025
- Public +0.01 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 67.2%, Public 32.8%.Dec '23: Promoters 67.2%, Public 32.8%.Mar '24: Promoters 67.2%, Public 32.8%.Jun '24: Promoters 67.2%, Public 32.8%.Sep '24: Promoters 67.2%, Public 32.8%.Dec '24: Promoters 67.2%, Public 32.8%.Mar '25: Promoters 67.2%, Public 32.8%.Jun '25: Promoters 67.2%, Public 32.8%.Sep '25: Promoters 67.2%, Public 32.8%.Dec '25: Promoters 67.2%, Public 32.8%.Mar '26: Promoters 67.2%, Public 32.8%.Jun '26: Promoters 67.2%, Public 32.8%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ganges Jute Private Limited newly disclosed 1.39% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Ludlow Jute above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Panchjanya Distributors Private Limited | 67.21% | unchanged |
| Ratnabali Equity Private Limited | 7.34% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 4.87% | unchanged |
| Ganges Jute Private Limited | 1.39% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Ludlow Jute
Guides on how to read this kind of business and the numbers that matter.