RSWM
RSWM share price & financials
- Price
- ₹191.63
- Market cap
- ₹979 Cr
- Sector
- Textiles
- Calls analysed
- 6
RSWM Ltd Q1 FY27
What went well
- Revenue from operations grew 1.7% QoQ to ₹1,161 crores in Q1 FY27.
- EBITDA increased 10.1% QoQ to ₹94 crores, with margin expanding to 8% from 7.4% in Q4 FY26.
- Profit Before Tax (PBT) surged 33.5% QoQ to ₹24 crores and 153.7% YoY.
What to watch
- Export revenue declined to ₹336 crores, impacted by geopolitical situations, delayed transit, and high freight costs.
- Fabric business, especially knitted fabric, faced subdued demand and low EBITDA margins due to global uncertainties, tariff issues, and increased input costs.
Guidance record · Q1 FY27
what the last two calls moved 16 tracked 1 delivered 2 missed 13 open- Mélange Yarn Utilisation went quiet said Q4 FY26 Promised: Increase Mélange yarn utilisation from 65-70% to 85-90% by Q1 or early Q2 FY27. Q1 FY27: The target was not mentioned in the Q1 FY27 earnings call, despite the deadline being this quarter. No data was provided on current utilisation levels.
- Knitting Capacity delayed said Q1 FY26 Promised: Increase capacity by 20% to 900 MT per month, completed over the next nine months (by Q4 FY26). Q1 FY27: Timeline for benefits confirmed for Q3 FY27. 'Expecting that in Q3, probably we'll know and start getting trials and then obviously scale up of the production.' The 900 tons/month target is reiterated.
- Power Cost Reduction on track said Q1 FY26 Promised: Bring down per unit cost by almost 30 paisa. Q1 FY27: Management reiterated the target, expecting savings of 'anything more than 1 per unit on an average year-over-year basis' and guided for full-year savings of 'around ₹100 crores'.
All 16 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 0.8%, net profit up 150.0% 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 | 1,166 | 1,196 | 1,256 | 1,170 | 1,151 −1% | 1,091 −9% | 1,142 −9% | 1,161 −1% |
| EBITDA | 38 | 51 | 71 | 73 | 72 +89% | 68 +33% | 70 −1% | 90 +23% |
| Net profit | -18 | -9 | 1 | 8 | 7 +139% | 2 +122% | 34 +3300% | 20 +150% |
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 +35.6% 1Y
1Y: ₹160.95 on 10 Sept 2025 → ₹218.23. High ₹235.26 (4 Aug 2026), low ₹120.73 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −4.5%
- 5 Aug
- Q4 FY26
- −3.7%
- 7 May
- Q3 FY26
- −3.1%
- 12 Feb
- Q2 FY26
- −1.6%
- 6 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 6.3% a year over 3 years, FY23 to FY26. Operating margin held at 6.2%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹3.8k Cr | ₹4.1k Cr | ₹4.8k Cr | ₹4.6k Cr |
| Operating profit | ₹248 Cr | ₹94 Cr | ₹208 Cr | ₹283 Cr |
| Operating margin | 6.5% | 2.3% | 4.3% | 6.2% |
| Interest | ₹74 Cr | ₹97 Cr | ₹141 Cr | ₹128 Cr |
| Depreciation | ₹127 Cr | ₹153 Cr | ₹160 Cr | ₹153 Cr |
| Net profit | ₹123 Cr | ₹-20 Cr | ₹-41 Cr | ₹51 Cr |
| Net margin | 3.3% | -0.5% | -0.8% | 1.1% |
| Cash from operations | ₹89 Cr | ₹-76 Cr | ₹426 Cr | ₹435 Cr |
| Free cash flow | ₹-156 Cr | ₹-297 Cr | ₹304 Cr | ₹290 Cr |
| ROCE | 8.0% | 0.0% | 3.0% | 6.0% |
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 | ₹24 Cr | ₹24 Cr | ₹47 Cr | ₹47 Cr | ₹47 Cr | ₹47 Cr |
| Reserves | ₹768 Cr | ₹1.0k Cr | ₹1.3k Cr | ₹1.3k Cr | ₹1.3k Cr | ₹1.3k Cr |
| Borrowings | ₹926 Cr | ₹1.1k Cr | ₹1.2k Cr | ₹1.9k Cr | ₹1.5k Cr | ₹1.7k Cr |
| Other liabilities | ₹351 Cr | ₹435 Cr | ₹416 Cr | ₹506 Cr | ₹593 Cr | ₹569 Cr |
| Total liabilities | ₹2.1k Cr | ₹2.6k Cr | ₹2.9k Cr | ₹3.7k Cr | ₹3.4k Cr | ₹3.6k Cr |
| Fixed assets | ₹921 Cr | ₹943 Cr | ₹1.1k Cr | ₹1.6k Cr | ₹1.5k Cr | ₹1.5k Cr |
| Capital work in progress | ₹7 Cr | ₹143 Cr | ₹183 Cr | ₹32 Cr | ₹46 Cr | ₹68 Cr |
| Investments | ₹122 Cr | ₹126 Cr | ₹124 Cr | ₹246 Cr | ₹287 Cr | ₹351 Cr |
| Other assets | ₹1.0k Cr | ₹1.4k Cr | ₹1.5k Cr | ₹1.8k Cr | ₹1.6k Cr | ₹1.7k Cr |
| Total assets | ₹2.1k Cr | ₹2.6k Cr | ₹2.9k Cr | ₹3.7k Cr | ₹3.4k Cr | ₹3.6k 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, FIIs trimmed −0.26 pp while the public added +0.19 pp. The shareholder count shrank 9% to 26,513.
- Promoters
- 55.7%
- FIIs
- 1.0%
- DIIs
- 0.5%
- Government
- 0.2%
- Public
- 42.6%
Since Jun 2025
- FIIs −0.26 pp
- Public +0.19 pp
- DIIs +0.07 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 55.7%, FIIs 1.8%, DIIs 0.1%, Government 0.2%, Public 42.2%.Dec '23: Promoters 55.7%, FIIs 2.0%, DIIs 0.1%, Government 0.2%, Public 42.0%.Mar '24: Promoters 55.7%, FIIs 2.1%, DIIs 0.1%, Government 0.2%, Public 42.0%.Jun '24: Promoters 55.7%, FIIs 1.8%, DIIs 0.1%, Government 0.2%, Public 42.2%.Sep '24: Promoters 55.7%, FIIs 1.5%, DIIs 0.3%, Government 0.2%, Public 42.3%.Dec '24: Promoters 55.7%, FIIs 1.6%, DIIs 0.7%, Government 0.2%, Public 41.8%.Mar '25: Promoters 55.7%, FIIs 1.5%, DIIs 0.5%, Government 0.2%, Public 42.2%.Jun '25: Promoters 55.7%, FIIs 1.2%, DIIs 0.5%, Government 0.2%, Public 42.4%.Sep '25: Promoters 55.7%, FIIs 1.2%, DIIs 0.5%, Government 0.2%, Public 42.4%.Dec '25: Promoters 55.7%, FIIs 1.2%, DIIs 0.5%, Government 0.2%, Public 42.4%.Mar '26: Promoters 55.7%, FIIs 1.2%, DIIs 0.4%, Government 0.2%, Public 42.5%.Jun '26: Promoters 55.7%, FIIs 1.0%, DIIs 0.5%, Government 0.2%, Public 42.6%.
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.
- Finquest Securities Private Limited - Proprietary Account newly disclosed 1.14% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of RSWM Ltd above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Redrose Vanijya Llp | 31.14% | unchanged |
| Microbase Limited | 15.50% | unchanged |
| Microlight Investments Ltd. | 4.61% | unchanged |
| Minal Bharat Patel | 1.36% | unchanged |
| Santosh Sitaram Goenka | 1.31% | unchanged |
| Ravi Jhunjhunwala | 1.29% | unchanged |
| Panna Lal Bhansali | 1.23% | unchanged |
| Finquest Securities Private Limited - Proprietary Account | 1.14% | newly disclosed |
| Ashok Kumar Lodha | 1.01% | unchanged |
| Cornhill Investments Limited | 0.84% | unchanged |
| Riju Jhunjhunwala | 0.80% | unchanged |
| Rita Jhunjhunwala | 0.71% | 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.
All earnings calls (6)
Read the Q1 FY27 call →Learn to analyse RSWM Ltd
Guides on how to read this kind of business and the numbers that matter.