Textile - Spinning · Founded 2011 · www.gujarathyspin.com · BSE 540938 · · ISIN INE578V01013
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Business
Gujarat Hy-Spin Ltd. is a company operating in the Textile - Spinning sector in India. Its core business involves the manufacturing and sale of spun yarn. The company likely processes raw materials such as cotton, synthetic fibers, or blends thereof, into various types of yarn used by subsequent stages of the textile value chain. Its business model is primarily B2B, supplying yarn to weavers, knitters, and other textile manufacturers for the production of fabrics and garments. The company generates revenue through the sale of these yarn products.
Revenue Mix
Given its industry classification as "Textile - Spinning," the company's primary and likely sole significant revenue segment is the manufacturing and sale of spun yarn. Without specific financial data, it is not possible to break down contributions further or identify other material segments.
Industry
The Indian textile spinning industry is one of the largest globally, characterized by its fragmented nature and significant competition. It is driven by both domestic demand (from the weaving and knitting sectors for apparel and home textiles) and export opportunities. The industry is sensitive to raw material price fluctuations (especially cotton), government policies, and global economic conditions. Gujarat Hy-Spin Ltd. operates within this competitive landscape as one of the numerous players. Its positioning within the industry would depend on its scale of operations, product quality, cost efficiency, and established customer base, which cannot be determined without further data.
MOAT
In the highly commoditized spinning industry, durable competitive advantages (moats) are generally challenging to establish for individual players unless they operate at an exceptionally large scale, possess proprietary technology, or have strong brand equity in specialty yarns. Gujarat Hy-Spin Ltd. likely benefits from operational efficiencies, established customer relationships, and possibly proximity to raw material sources or key markets. However, these are often incremental advantages rather than strong, long-term moats that significantly protect profits from competition.
Growth Drivers
Increasing Domestic Demand: Growth in India's population and disposable income drives demand for apparel and home textiles, subsequently boosting yarn consumption.
Export Opportunities: Favorable global textile trade policies and rising demand for Indian textiles can drive export growth for yarn manufacturers.
Government Initiatives: Schemes like the Production Linked Incentive (PLI) scheme for textiles or other government support for the sector can encourage expansion and modernization.
Capacity Expansion & Modernization: Investing in new machinery or expanding existing capacities to cater to growing demand or improve efficiency.
Product Diversification: Developing specialty yarns or catering to niche textile segments can open new markets.
Risks
Raw Material Price Volatility: Fluctuations in cotton and other fiber prices directly impact cost of goods sold and profitability.
Demand Cyclicality: The textile industry is cyclical, influenced by economic downturns, changes in fashion trends, and discretionary spending.
Intense Competition: The fragmented nature of the industry leads to price wars and pressure on margins.
Currency Fluctuations: For companies involved in exports or imports, adverse currency movements can impact realizations or input costs.
Regulatory Changes: Changes in trade policies, import duties, or environmental regulations can affect operations and market access.
Energy Costs: Spinning is an energy-intensive process, making the company susceptible to rising power tariffs.
Management & Ownership
As is common for many Indian companies, especially those with "Ltd." in their name, Gujarat Hy-Spin Ltd. is likely a promoter-driven company, where the founding family or group holds a significant ownership stake and plays a key role in management. Without specific information on the promoters or management team, it is not possible to assess their quality or provide details on the ownership structure beyond this general assumption.
Outlook
Gujarat Hy-Spin Ltd. operates in a fundamental part of the textile value chain. Its performance will largely be dictated by its ability to manage raw material costs, maintain operational efficiency, and adapt to shifts in both domestic and international textile demand. The Indian textile industry benefits from a large domestic market and growing export potential, offering avenues for growth. However, the inherent volatility of raw material prices, intense competition, and global economic uncertainties pose significant challenges. The company's future hinges on its strategic decision-making in capacity utilization, product mix, and cost management within this dynamic environment.
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| #(Fig in Cr.) |
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| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(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 | 52 | 52 | 52 | 54 | 63 | 47 | 50 | 69 | 61 | 92 | 93 | |
| Other Income | 0 | 0 | 0 | 0 | 0 | 3 | 4 | 2 | 2 | 3 | 2 | |
| Total Income | 52 | 52 | 52 | 54 | 63 | 51 | 54 | 71 | 63 | 94 | 95 | |
| Total Expenditure | 43 | 43 | 43 | 47 | 57 | 45 | 48 | 67 | 60 | 91 | 92 | |
| Operating Profit | 9 | 9 | 9 | 7 | 6 | 6 | 6 | 4 | 3 | 3 | 3 | |
| Interest | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 1 | 1 | 1 | |
| Depreciation | 7 | 6 | 6 | 4 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit Before Tax | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | |
| Provision for Tax | -0 | 0 | 0 | -0 | -0 | -0 | 0 | 0 | -0 | -0 | 0 | |
| Profit After Tax | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | |
| Adjusted Earnings Per Share | 0 | 0 | 0 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | -0.3 | 0.1 | 0.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 1% | 10% | 15% | 6% |
| Operating Profit CAGR | 0% | -9% | -13% | -10% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -54% | -9% | 7% | NA% |
| ROE Average | 1% | -0% | 0% | 0% |
| ROCE Average | 4% | 4% | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 16 | 17 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 26 | 23 | 18 | 13 | 8 | 4 | 5 | 2 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 14 | 21 | 20 | 22 | 26 | 30 | 19 | 16 | 15 | 16 | 14 |
| Total Liabilities | 56 | 62 | 57 | 55 | 53 | 53 | 44 | 38 | 34 | 36 | 33 |
| Fixed Assets | 38 | 33 | 28 | 24 | 20 | 18 | 15 | 15 | 14 | 12 | 11 |
| Other Non-Current Assets | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Total Current Assets | 17 | 27 | 27 | 29 | 32 | 34 | 28 | 22 | 20 | 23 | 20 |
| Total Assets | 56 | 62 | 57 | 55 | 53 | 53 | 44 | 38 | 34 | 36 | 33 |
| #(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 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 7 | 1 | 7 | 7 | 5 | 8 | 5 | 10 | 5 | 3 | 3 |
| Cash Flow from Investing Activities | -1 | -2 | 0 | 0 | 1 | 0 | 0 | -2 | -1 | 0 | -1 |
| Cash Flow from Financing Activities | -6 | 1 | -7 | -8 | -6 | -8 | -5 | -9 | -4 | -3 | -2 |
| Net Cash Inflow / Outflow | -0 | 0 | -0 | -0 | 0 | 0 | 0 | -0 | -0 | 0 | -0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 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) | -0.2 | 0.02 | 0 | 0.24 | 0.06 | 0.14 | 0.07 | 0.17 | -0.32 | 0.1 | 0.06 |
| CEPS(Rs) | 4.2 | 3.9 | 3.35 | 2.66 | 2.05 | 1.77 | 1.5 | 1.46 | 1.06 | 1.21 | 1.03 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 9.68 | 10.37 | 0 | 11.14 | 11.2 | 11.33 | 11.4 | 11.57 | 11.25 | 11.35 | 11.41 |
| Core EBITDA Margin(%) | 17.52 | 17.41 | 16.57 | 12.6 | 9.79 | 6.14 | 3.88 | 3.58 | 1.58 | 0.6 | 0.42 |
| EBIT Margin(%) | 3.48 | 5.14 | 6.18 | 5.36 | 4.65 | 6.99 | 6.73 | 3.14 | 1.11 | 1.39 | 1.26 |
| Pre Tax Margin(%) | -0.95 | 0.1 | 0.1 | 0.53 | 0.08 | 0.38 | 0.57 | 0.62 | -1.11 | 0.16 | 0.14 |
| PAT Margin (%) | -0.66 | 0.07 | 0.09 | 0.74 | 0.15 | 0.48 | 0.22 | 0.42 | -0.89 | 0.18 | 0.11 |
| Cash Profit Margin (%) | 13.52 | 12.61 | 10.81 | 8.21 | 5.46 | 6.26 | 5.05 | 3.52 | 2.91 | 2.21 | 1.86 |
| ROA(%) | -0.59 | 0.06 | 0.08 | 0.72 | 0.18 | 0.43 | 0.23 | 0.71 | -1.51 | 0.48 | 0.28 |
| ROE(%) | -2.14 | 0.22 | 0.26 | 2.16 | 0.51 | 1.2 | 0.58 | 1.51 | -2.82 | 0.89 | 0.51 |
| ROCE(%) | 3.17 | 4.71 | 5.66 | 5.55 | 6.07 | 7.49 | 8.19 | 5.97 | 2.13 | 4.32 | 4.11 |
| Receivable days | 32.78 | 74.62 | 87.67 | 88.08 | 96.75 | 135.75 | 116.93 | 81.24 | 68.08 | 29.6 | 28.18 |
| Inventory Days | 63.67 | 61.41 | 85.37 | 89.64 | 71.32 | 98.17 | 86.57 | 39.91 | 45.5 | 44.92 | 45.8 |
| Payable days | 6.54 | 10.9 | 15.65 | 19.51 | 28.28 | 36.17 | 23.97 | 20.11 | 22.16 | 17.91 | 22.24 |
| PER(x) | 0 | 0 | 0 | 28.7 | 100.9 | 18.7 | 120.51 | 56.9 | 0 | 113.55 | 356.55 |
| Price/Book(x) | 0 | 0 | 0 | 0.62 | 0.51 | 0.22 | 0.7 | 0.85 | 1 | 1 | 1.81 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.07 | 1.1 | 1.03 | 0.78 | 0.59 | 0.56 | 0.67 | 0.43 | 0.5 | 0.31 | 0.47 |
| EV/Core EBITDA(x) | 6.03 | 6.24 | 6.08 | 6.11 | 5.96 | 4.4 | 5.83 | 6.91 | 10.08 | 9.14 | 15.53 |
| Net Sales Growth(%) | 320.01 | -0.58 | 0.25 | 4.67 | 15.92 | -24.66 | 4.95 | 39.54 | -12.46 | 50.93 | 0.86 |
| EBIT Growth(%) | 22.75 | 46.95 | 20.39 | -9.14 | 0.52 | 13.29 | 1.07 | -34.89 | -69.04 | 88.29 | -8.23 |
| PAT Growth(%) | -135.28 | 110.58 | 30.39 | 753.16 | -76.5 | 139.43 | -50.96 | 161.03 | -286.21 | 131.13 | -42.18 |
| EPS Growth(%) | -123.34 | 110.58 | 0 | 753.16 | -76.5 | 139.51 | -51 | 161.09 | -286.25 | 131.14 | -42.23 |
| Debt/Equity(x) | 2.39 | 2.34 | 1.97 | 1.67 | 1.49 | 1.21 | 1.09 | 0.72 | 0.6 | 0.51 | 0.47 |
| Current Ratio(x) | 1.21 | 1.27 | 1.35 | 1.3 | 1.25 | 1.15 | 1.45 | 1.34 | 1.33 | 1.38 | 1.46 |
| Quick Ratio(x) | 0.68 | 0.79 | 0.64 | 0.75 | 0.78 | 0.7 | 0.92 | 1.04 | 0.64 | 0.63 | 0.68 |
| Interest Cover(x) | 0.79 | 1.02 | 1.02 | 1.11 | 1.02 | 1.06 | 1.09 | 1.25 | 0.5 | 1.13 | 1.13 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 2.69 | 2.92 | 5.41 | 1.55 | 0.84 | 0.6 | 0.51 | 0.26 |
| # | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 64.92 | 64.92 | 64.92 | 64.92 | 64.92 | 64.92 | 64.92 | 64.92 | 64.89 | 64.89 |
| FII | 0 | 0 | 0.66 | 0.66 | 0.66 | 0.66 | 0.66 | 1.43 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 35.08 | 35.08 | 34.42 | 34.42 | 34.42 | 34.42 | 34.42 | 33.64 | 35.11 | 35.11 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 |
| FII | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.59 | 0.59 | 0.58 | 0.58 | 0.58 | 0.58 | 0.58 | 0.56 | 0.59 | 0.59 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +1% | +10% | +15% | +6% |
| Operating Profit CAGR | 0% | -9% | -13% | -10% |
| PAT CAGR | — | — | — | — |
| Share Price CAGR | -54% | -9% | +7% | — |
| ROE Average | +1% | 0% | 0% | 0% |
| ROCE Average | +4% | +4% | +5% | +5% |
| # | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 64.92 | 64.92 | 64.92 | 64.92 | 64.92 | 64.92 | 64.92 | 64.92 | 64.89 | 64.89 |
| FII | 0 | 0 | 0.66 | 0.66 | 0.66 | 0.66 | 0.66 | 1.43 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 35.08 | 35.08 | 35.08 | 35.08 | 35.08 | 35.08 | 35.08 | 35.08 | 35.11 | 35.11 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 | 1.09 |
| FII | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 |
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