KANDAGIRI
Kandagiri Spinning Mills financials
- Market cap
- ₹17 Cr
- Sector
- Textiles
What Kandagiri Spinning Mills Ltd. does
Kandagiri Spinning Mills was incorporated in 1976 and commenced commercial yarn manufacturing that same year at its mill premises in Udayapatti, Salem, Tamil Nadu. Manufacturing was discontinued and, from 2020, the company's sole business has been the trading of yarn, buying and selling yarn (including value-added counts) rather than spinning it. It also holds a small residual parcel of windmill land, part of which was sold during FY25.
Segments
- Yarn trading
- Core activity
- Yarn trading (manufacturing discontinued since 2020)
- Yarn manufacturing commenced
- June 1976 (since discontinued)
- Windmill land holding
- 0.81 acres remaining (Tamil Nadu), after FY25 sale of 1.15 acres from a 1.96-acre parcel
Quarterly results
Q3 FY26: revenue down 83.7%, net profit down 24.5% against the same quarter last year.
| Line item | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 0 | 1 | 0 | 1 −39% | 1 +464% | 1 +26% | 0 −84% |
| EBITDA | -0 | -0 | -0 | -0 | -0 +60% | -1 −590% | -0 −11% | -0 −87% |
| Net profit | -1 | -0 | -0 | -1 | 1 +166% | -1 −214% | -1 −62% | -1 −25% |
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 +8.9% 90D
90D: ₹64.45 on 21 Oct 2014 → ₹70.2. High ₹84.1 (14 Dec 2014), low ₹61.1 (18 Nov 2014).
Financials, as filed
Revenue grew 30.7% a year over 1 year, FY24 to FY25. Operating margin widened to -14.8%.
| Year ending | FY24 | FY25 |
|---|---|---|
| Revenue | ₹2 Cr | ₹2 Cr |
| Operating profit | ₹-1 Cr | ₹-0 Cr |
| Operating margin | -40.7% | -14.8% |
| Interest | ₹2 Cr | ₹0 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr |
| Net profit | ₹-2 Cr | ₹-1 Cr |
| Net margin | -114.0% | -36.2% |
| Cash from operations | ₹-1 Cr | ₹0 Cr |
| Free cash flow | ₹-1 Cr | ₹0 Cr |
| ROCE | 4.9% | -4.7% |
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 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Equity capital | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Reserves | ₹-10 Cr | ₹-11 Cr | ₹-10 Cr | ₹-9 Cr | ₹-10 Cr | ₹-13 Cr |
| Borrowings | ₹15 Cr | ₹15 Cr | ₹14 Cr | ₹14 Cr | ₹18 Cr | ₹20 Cr |
| Other liabilities | ₹9 Cr | ₹8 Cr | ₹6 Cr | ₹6 Cr | ₹3 Cr | ₹3 Cr |
| Total liabilities | ₹18 Cr | ₹16 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹14 Cr |
| Fixed assets | ₹12 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹10 Cr | ₹10 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Other assets | ₹5 Cr | ₹3 Cr | ₹2 Cr | ₹3 Cr | ₹2 Cr | ₹2 Cr |
| Total assets | ₹18 Cr | ₹16 Cr | ₹15 Cr | ₹15 Cr | ₹15 Cr | ₹14 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
Since Jun 2025, the public trimmed −60.77 pp while promoters added +60.76 pp. The shareholder count shrank 2% to 2,325.
- Promoters
- 65.0%
- Public
- 35.0%
Since Jun 2025
- Public −60.77 pp
- Promoters +60.76 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 64.9%, Public 35.1%.Dec '23: Promoters 64.9%, Public 35.1%.Mar '24: Promoters 64.9%, Public 35.1%.Jun '24: Promoters 64.9%, Public 35.1%.Sep '24: Promoters 64.9%, Public 35.1%.Dec '24: Promoters 64.9%, Public 35.1%.Mar '25: Promoters 64.9%, Public 35.1%.Jun '25: Promoters 4.2%, Public 95.8%.Sep '25: Promoters 60.8%, Public 39.2%.Dec '25: Promoters 65.0%, Public 35.0%.Mar '26: Promoters 65.0%, Public 35.0%.Jun '26: Promoters 65.0%, Public 35.0%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Kandagiri Spinning Mills Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Akshayam Creations Llp | 64.96% | unchanged |
| Sangita Kumarpal Parekh | 2.01% | unchanged |
| Sanjeev Vinodchandra Parekh | 1.86% | unchanged |
| Pranav Kumarpal Parekh | 1.74% | unchanged |
| Vinodchandra Mansukhlal Parekh | 1.57% | unchanged |
| Daksha Sanjeev Parekh | 1.20% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.09% | unchanged |
| H M Textiles Private Limited | 1.08% | unchanged |
| Neeraj Aggarwal | 1.04% | unchanged |
| S. Sivakumar | 0.00% | unchanged |
| Adinarayana Sripathy Kumar | 0.00% | unchanged |
| Manoj Kumar Maurya | 0.00% | unchanged |
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.
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