Textile · Founded 1993 · www.goldencarpets.com · BSE 531928 · · ISIN INE595D01015
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1. Business Overview
Golden Carpets Ltd. is an Indian company operating in the Textile sector, specifically within the Textile industry. Given its name, the company's core business is most likely the manufacturing, distribution, and sale of carpets, rugs, and potentially other related home textile furnishings. Its business model would involve sourcing raw materials (e.g., wool, cotton, synthetic fibers), designing and manufacturing products, and then selling them through various channels which could include wholesale to distributors and retailers, direct sales to commercial clients (e.g., hotels, corporate offices), or potentially through its own retail outlets and e-commerce platforms. The company makes money through the sales of these manufactured carpet and textile products.
2. Key Segments / Revenue Mix
Specific information regarding Golden Carpets Ltd.'s key business segments or revenue mix is not available. In the broader carpet and textile industry, potential segments often include residential carpets, commercial carpets, rugs (hand-knotted vs. machine-made), and exports versus domestic sales. Without further data, it's not possible to break down their revenue contribution.
3. Industry & Positioning
The Indian Textile and Carpet industry is vast, highly fragmented, and characterized by a mix of unorganized players and a growing number of organized companies. It is a labor-intensive industry with strong ties to traditional craftsmanship, particularly in the carpet segment. The industry is sensitive to consumer discretionary spending, real estate cycles, and global trade dynamics (for export-oriented firms). As a textile company focusing on carpets, Golden Carpets Ltd. likely competes with numerous domestic manufacturers, as well as imported products. Without specific market share or product line information, its exact positioning (e.g., premium, mass-market, niche, domestic vs. export focus) relative to peers is unknown.
4. Competitive Advantage (Moat)
Specific competitive advantages for Golden Carpets Ltd. are not discernible from the provided information. In the carpet industry, potential moats could include:
Brand Reputation: A strong brand built on quality, design, and trust.
Scale & Efficiency: Large-scale manufacturing that allows for cost leadership.
Specialized Craftsmanship/Design: Unique designs or traditional hand-knotted expertise that commands premium pricing.
Distribution Network: Extensive reach across domestic and international markets.
Supply Chain Integration: Control over raw material sourcing and manufacturing processes.
Without further details, it is unclear if Golden Carpets Ltd. possesses any durable competitive advantages.
5. Growth Drivers
Key factors that could drive growth for Golden Carpets Ltd. over the next 3-5 years include:
Rising Disposable Incomes & Urbanization in India: Leading to increased consumer spending on home furnishings and decor.
Growth in Real Estate and Construction: New residential and commercial projects requiring flooring solutions.
Expanding Export Markets: Growing demand for Indian carpets and textiles globally due to their quality and design.
E-commerce Penetration: Leveraging online channels to reach a broader customer base, both domestically and internationally.
Product Innovation: Introducing new designs, materials, and sustainable products to meet evolving consumer preferences.
6. Risks
Golden Carpets Ltd. faces several risks common to the textile and carpet industry:
Raw Material Price Volatility: Fluctuations in prices of wool, cotton, synthetic fibers, and dyes can impact manufacturing costs and margins.
Intense Competition: From both organized and unorganized domestic players, as well as international manufacturers.
Economic Downturns: Reduced consumer discretionary spending and slowdowns in the real estate sector can negatively impact demand.
Fashion and Design Changes: The industry is highly design-driven, and failure to adapt to changing trends can lead to inventory obsolescence.
Labor Costs & Availability: Reliance on skilled labor can expose the company to wage inflation or labor shortages.
Trade Barriers & Currency Fluctuations: Particularly for export-oriented businesses, changes in tariffs, trade policies, and foreign exchange rates can affect profitability.
7. Management & Ownership
Information regarding the management team, promoters, or ownership structure of Golden Carpets Ltd. is not available. Like many companies in India, it is likely to be promoter-driven, but details on the quality of management, board composition, or institutional ownership are unknown.
8. Outlook
Golden Carpets Ltd. operates in a dynamic Indian textile market with significant underlying growth potential driven by domestic consumption and export opportunities. The company could benefit from India's economic expansion, increasing urbanization, and a growing middle class with rising disposable incomes that fuel demand for home furnishings. Additionally, a focus on unique designs, quality craftsmanship, and efficient manufacturing could help it capture market share.
However, the outlook is balanced by significant challenges. The industry is highly competitive and susceptible to raw material price volatility, fashion changes, and economic cycles. Maintaining profitability requires continuous innovation, efficient cost management, and strong distribution capabilities. Without specific details on its market positioning, brand strength, or operational efficiencies, its ability to outperform peers and navigate these challenges remains to be seen. Its success will largely depend on its strategic execution in product development, market penetration, and supply chain management.
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PE goes above X
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| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Total Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | -0 | -0 | 0 | -0 | 0 | -0 | 0 | 0 | 0 | -0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | -0 | 0 | -0 | -0 | -0 | -0 | 0 | 0 | -0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Profit After Tax | -0 | -0 | 0 | -0 | -0 | -0 | 0 | 0 | 0 | -0 |
| Adjustments | 0 | -0 | -0 | -0 | 0 | -0 | 0 | -0 | 0 | 0 |
| Profit After Adjustments | -0 | -0 | 0 | -0 | -0 | -0 | 0 | 0 | 0 | -0 |
| Adjusted Earnings Per Share | -0.1 | -0.1 | 0.1 | -0.1 | -0 | -0.1 | 0 | 0 | 0 | -0.3 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total Expenditure | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Operating Profit | 0 | 0 | -0 | -0 | -0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | -0 | -0 | -0 | -0 | 0 | 0 | -0 | -0 | -0 | -0 | 0 |
| Provision for Tax | -0 | -1 | -0 | -0 | -0 | 0 | 0 | -0 | -0 | -0 | -0 | 0 |
| Profit After Tax | -0 | 1 | -0 | -0 | -0 | 0 | 0 | -0 | -0 | -0 | -0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 |
| Profit After Adjustments | -0 | 1 | -0 | -0 | -0 | 0 | 0 | -0 | -0 | -0 | -0 | 0 |
| Adjusted Earnings Per Share | -0.5 | 0.8 | -0.5 | -0.4 | -0.2 | 0.1 | 0 | -0.4 | -0.3 | -0.1 | -0.1 | -0.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | 0% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 3% | 14% | 22% | 12% |
| ROE Average | 0% | 0% | 0% | -90% |
| ROCE Average | -3% | -3% | -3% | -4% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | -0 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Other Non-Current Liabilities | 1 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Total Liabilities | 6 | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Fixed Assets | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Total Assets | 6 | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 0 | 0 | 0 | -0 | -0 | -0 | 0 | 0 | -0 | 0 | 0 |
| Cash Flow from Investing Activities | -0 | 0 | -0 | -0 | -0 | 0 | -0 | -0 | -0 | -0 | 0 |
| Cash Flow from Financing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Inflow / Outflow | 0 | 0 | 0 | -0 | -0 | -0 | 0 | 0 | -0 | 0 | 0 |
| Closing Cash & Cash Equivalent | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -0.47 | 0.81 | -0.47 | -0.42 | -0.22 | 0.12 | 0.02 | -0.38 | -0.3 | -0.07 | -0.14 |
| CEPS(Rs) | 0.39 | 1.64 | -0.17 | -0.22 | -0.06 | 0.28 | 0.19 | -0.21 | -0.1 | 0.14 | 0.08 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | -2.16 | -1.35 | -1.82 | -2.25 | -2.47 | -2.34 | -2.33 | -2.71 | -3.01 | -3.08 | -3.23 |
| Core EBITDA Margin(%) | -31.36 | -27.13 | -56.17 | -83.13 | -15.27 | 17.21 | 6.88 | -38.39 | -15.05 | 5.49 | 1.3 |
| EBIT Margin(%) | -57.47 | -64.8 | -65.24 | -85.34 | -27.41 | 11.63 | 2.52 | -44.84 | -30 | -7.96 | -16.57 |
| Pre Tax Margin(%) | -57.49 | -65.17 | -65.25 | -85.63 | -28.44 | 10.27 | 2.42 | -44.95 | -30.17 | -8.04 | -16.64 |
| PAT Margin (%) | -39.72 | 79.99 | -45.09 | -65.57 | -19.75 | 6.68 | 1.66 | -41.66 | -29.29 | -5.56 | -11.5 |
| Cash Profit Margin (%) | 32.99 | 161.45 | -15.95 | -33.58 | -5.6 | 15.18 | 13.3 | -22.8 | -9.38 | 10.96 | 6.44 |
| ROA(%) | -4.09 | 9.15 | -5.72 | -5.38 | -2.82 | 1.56 | 0.29 | -4.74 | -3.89 | -0.97 | -1.89 |
| ROE(%) | -994.65 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| ROCE(%) | -6.82 | -7.99 | -8.12 | -6.9 | -3.92 | 2.75 | 0.45 | -5.33 | -4.22 | -1.47 | -2.87 |
| Receivable days | 74.07 | 81.03 | 33.54 | 39.24 | 37.78 | 19.47 | 52.36 | 79.18 | 33.5 | 30.2 | 20.38 |
| Inventory Days | 1178.51 | 1381.76 | 1342.41 | 2182.24 | 1348.3 | 878.56 | 1178.89 | 1755.73 | 1567.77 | 1183.78 | 1234.34 |
| Payable days | 62.49 | 43.08 | 57.09 | 216.65 | 188.48 | 79.54 | 38.01 | 37.71 | 43.85 | 27.65 | 13.37 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 192.31 | 0 | 0 | 0 | 0 |
| Price/Book(x) | -1.81 | 0 | -3.72 | 0 | 0 | 0 | -1.93 | -2.71 | -2.84 | -3.64 | -3.9 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 8.45 | 15.85 | 12.26 | 25.53 | 15.24 | 9.2 | 8.08 | 15.51 | 15.09 | 13.57 | 15.85 |
| EV/Core EBITDA(x) | 55.41 | 95.12 | -33.96 | -47.85 | -114.84 | 45.66 | 57.04 | -59.7 | -149.66 | 158.53 | 1158.89 |
| Net Sales Growth(%) | 49.82 | -14.7 | 3.11 | -38.37 | 71.82 | 66.2 | -23.44 | -35.24 | 12.95 | 28.38 | -7.93 |
| EBIT Growth(%) | 41.19 | 3.82 | -3.82 | 19.39 | 44.8 | 170.51 | -83.44 | -1254.05 | 24.45 | 65.92 | -91.65 |
| PAT Growth(%) | 26.37 | 271.79 | -158.12 | 10.38 | 48.26 | 156.19 | -80.97 | -1725.72 | 20.6 | 75.63 | -90.36 |
| EPS Growth(%) | 26.37 | 271.79 | -158.12 | 10.38 | 48.26 | 156.16 | -80.93 | -1722.9 | 20.61 | 75.62 | -90.34 |
| Debt/Equity(x) | 8.19 | 4.19 | 5.89 | 9.24 | 13.33 | 10.85 | 10.61 | 24.17 | -1585.69 | -92.08 | -32.47 |
| Current Ratio(x) | 61.06 | 54.52 | 28.36 | 9.33 | 7.35 | 7.29 | 5.98 | 5.2 | 4.59 | 4.57 | 4.62 |
| Quick Ratio(x) | 15.4 | 11.85 | 6.47 | 1.43 | 0.86 | 0.63 | 0.83 | 0.56 | 0.33 | 0.58 | 0.55 |
| Interest Cover(x) | -2172.76 | -172.87 | -4491.12 | -288.24 | -26.82 | 8.52 | 25.74 | -414.52 | -175.14 | -97.57 | -261.8 |
| Total Debt/Mcap(x) | 1.79 | 0 | 1.03 | 0 | 0 | 0 | 1.6 | 0.98 | 0.84 | 0.64 | 0.57 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 65.15 | 65.18 | 65.2 | 65.22 | 66.31 | 66.31 | 66.32 | 66.32 | 66.32 | 66.32 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 34.85 | 34.82 | 34.8 | 34.78 | 33.69 | 33.69 | 33.68 | 33.68 | 33.68 | 33.68 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.42 | 0.42 | 0.42 | 0.42 | 0.43 | 0.43 | 0.43 | 0.43 | 0.43 | 0.43 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.23 | 0.23 | 0.23 | 0.23 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | 0% |
| Operating Profit CAGR | — | — | — | — |
| PAT CAGR | — | — | — | — |
| Share Price CAGR | +3% | +14% | +22% | +12% |
| ROE Average | 0% | 0% | 0% | -90% |
| ROCE Average | -3% | -3% | -3% | -4% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 65.15 | 65.18 | 65.2 | 65.22 | 66.31 | 66.31 | 66.32 | 66.32 | 66.32 | 66.32 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 34.85 | 34.82 | 34.8 | 34.78 | 33.69 | 33.69 | 33.68 | 33.68 | 33.68 | 33.68 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.42 | 0.42 | 0.42 | 0.42 | 0.43 | 0.43 | 0.43 | 0.43 | 0.43 | 0.43 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.23 | 0.23 | 0.23 | 0.23 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 |
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