Textile - Spinning · Founded 1986 · www.kiransyntex.com · BSE 530443 · · ISIN INE293D01017
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Business
Kiran Syntex Ltd. operates in the textile industry, specifically within the "Textile - Spinning" segment. The company's core business involves the manufacturing of yarn from various raw materials, such as cotton, synthetic fibers, or blends. It procures raw fibers, processes them through spinning mills to convert them into yarn, and then sells this yarn to downstream textile manufacturers, including weavers, knitters, and garment producers. The company makes money through the sale of its manufactured yarn.
Revenue Mix
Based on the provided information, Kiran Syntex Ltd. primarily operates within the "Textile - Spinning" industry. Therefore, its main, and likely sole, business segment is the production and sale of yarn. Specific breakdowns of revenue by different yarn types (e.g., cotton yarn, synthetic yarn, blended yarn) or customer types are not available from the given data.
Industry
The Indian textile spinning industry is characterized by a large number of players, ranging from small-scale units to large integrated mills. It is a highly competitive and often fragmented market. Companies typically compete on factors such as yarn quality, variety, price, delivery schedules, and operational efficiency. Kiran Syntex Ltd. operates as a participant within this competitive landscape, likely serving domestic and potentially international markets. Without specific capacity or market share data, its exact positioning relative to peers (e.g., as a market leader, niche player, or general commodity producer) cannot be precisely determined.
MOAT
The textile spinning industry generally offers limited opportunities for strong, durable competitive advantages (moats) due to its commodity nature. Potential advantages for Kiran Syntex Ltd. could include:
Cost Efficiency: Achieved through economies of scale, modern machinery, efficient production processes, or favorable access to raw materials.
Product Specialization: Developing expertise in specific types of yarns (e.g., fine count yarns, specialty blends, organic yarns) that command better pricing.
Customer Relationships: Long-standing relationships with key customers providing stable demand.
Backward Integration: While not indicated, some spinning companies integrate backward into ginning or forward into weaving to gain control over the value chain.
Without specific details, it's challenging to confirm the presence of significant moats, as many spinning companies operate with relatively low differentiation.
Growth Drivers
Increasing Domestic Consumption: Growth in India's population and disposable income drives demand for apparel, home textiles, and other textile products, leading to higher yarn consumption.
Export Opportunities: Growing global demand for textiles and apparel, particularly from major markets, can boost yarn exports for Indian manufacturers.
Technological Upgrades & Capacity Expansion: Investments in modern spinning technology can improve efficiency, reduce costs, and enhance yarn quality, while capacity expansion allows for increased output to meet demand.
Shift towards Value-Added Products: Focus on producing specialized or higher-quality yarns that command better margins can drive revenue growth.
Risks
Raw Material Price Volatility: Prices of key raw materials like cotton and synthetic fibers are highly volatile, impacting production costs and profit margins.
Intense Competition: The fragmented nature of the industry leads to price pressures and oversupply situations, affecting profitability.
Economic Downturns: Reduced consumer spending during economic slowdowns directly impacts demand for textile products and, consequently, yarn.
Trade Policies & Tariffs: Changes in import/export duties, trade agreements, and protectionist policies in major markets can affect export competitiveness.
Currency Fluctuations: For companies involved in exports or imports, adverse currency movements can impact revenue and costs.
Environmental Regulations: The textile industry faces increasing scrutiny over water usage, waste disposal, and energy consumption, potentially leading to higher compliance costs.
Management & Ownership
In India, many textile companies, especially those of a certain size, are often promoter-led or family-owned businesses. The ownership structure typically involves a significant stake held by the founding family or promoters. Information regarding the specific management quality, their experience, or the precise ownership structure (e.g., promoter holding, institutional holding) for Kiran Syntex Ltd. is not publicly available in detail through the provided prompt.
Outlook
Kiran Syntex Ltd. operates in a fundamental industry that benefits from India's large domestic market and growing global textile demand. However, the spinning segment is highly cyclical and competitive, subject to raw material price swings and intense competition. The company's future performance will largely depend on its ability to maintain cost efficiency, adapt to evolving market demands for different yarn types, manage raw material price risks, and potentially invest in technology or capacity to stay competitive. Growth could be driven by India's overall economic expansion and export opportunities, while risks include commodity price volatility, global trade uncertainties, and competitive pressures.
Price 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 | 1 | 2 | 4 | 3 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 4 | 3 |
| Total Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 4 | 3 |
| 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 | -0 | -0.1 | -0 | -0 | -0 | -0.1 | 0.1 | -0 |
| #(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 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 10 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 10 |
| Total Expenditure | 3 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 10 |
| 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 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0 | -0 | -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 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 |
| Adjusted Earnings Per Share | -0.5 | -0.2 | -0 | -0.2 | -0.2 | -0.1 | -0.1 | -0.2 | -0.2 | -0.2 | -0.2 | 0 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | -7% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 91% | 46% | 36% | 10% |
| ROE Average | -4% | -4% | -4% | -4% |
| ROCE Average | -4% | -4% | -3% | -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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 | -1 |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 2 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Total Current Assets | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Total Assets | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 2 |
| #(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 | 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 | 0 | 0 | 0 | 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) | -0.53 | -0.19 | -0.05 | -0.22 | -0.21 | -0.14 | -0.15 | -0.21 | -0.18 | -0.21 | -0.18 |
| CEPS(Rs) | -0.45 | -0.16 | -0.04 | -0.21 | -0.21 | -0.14 | -0.15 | -0.21 | -0.18 | -0.21 | -0.18 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 6.39 | 6.21 | 6.16 | 5.94 | 5.73 | 5.6 | 5.45 | 5.24 | 5.05 | 4.84 | 4.66 |
| Core EBITDA Margin(%) | -8.7 | -14.43 | 0 | 0 | 0 | 0 | 0 | 0 | -7.64 | 0 | -9.08 |
| EBIT Margin(%) | -9.08 | -17.34 | 0 | 0 | 0 | 0 | 0 | 0 | -7.65 | 0 | -9.09 |
| Pre Tax Margin(%) | -9.27 | -17.45 | 0 | 0 | 0 | 0 | 0 | 0 | -7.73 | 0 | -9.11 |
| PAT Margin (%) | -9.37 | -17.45 | 0 | 0 | 0 | 0 | 0 | 0 | -7.73 | 0 | -9.11 |
| Cash Profit Margin (%) | -7.87 | -14.53 | 0 | 0 | 0 | 0 | 0 | 0 | -7.72 | 0 | -9.1 |
| ROA(%) | -8.8 | -3.74 | -1.02 | -4.53 | -4.28 | -2.96 | -3.29 | -4.62 | -4.1 | -5.29 | -4.73 |
| ROE(%) | -8.01 | -2.97 | -0.79 | -3.57 | -3.55 | -2.46 | -2.71 | -3.9 | -3.59 | -4.23 | -3.85 |
| ROCE(%) | -7.77 | -2.95 | -0.77 | -3.52 | -3.4 | -2.34 | -2.53 | -3.64 | -3.16 | -3.86 | -3.74 |
| Receivable days | 96.23 | 398.28 | 0 | 0 | 0 | 0 | 0 | 0 | 173.58 | 0 | 290.94 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.17 | 0 | 167.7 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0.55 | 1.11 | 0.61 | 0 | 0 | 0 | 0.93 | 2.48 | 0.89 | 1.67 | 1.69 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.62 | 5.93 | 0 | 0 | 0 | 0 | 0 | 0 | 2.25 | 0 | 3.99 |
| EV/Core EBITDA(x) | -7.05 | -41.1 | -95.11 | -47.31 | -50.42 | -74.45 | -36.6 | -64.34 | -29.48 | -38.62 | -44.01 |
| Net Sales Growth(%) | -79.67 | -81 | -100 | 0 | 0 | 0 | 0 | 0 | 0 | -100 | 0 |
| EBIT Growth(%) | -218.06 | 64.12 | 74.26 | -348 | 5.08 | 31.63 | -6.77 | -39.88 | 11.93 | -14.13 | 12.6 |
| PAT Growth(%) | -264.87 | 65 | 73.86 | -342.41 | 4.12 | 32.76 | -7.44 | -39.17 | 11.36 | -13.46 | 12.71 |
| EPS Growth(%) | -264.85 | 65.01 | 73.88 | -342.83 | 4.16 | 32.74 | -7.39 | -39.24 | 11.38 | -13.49 | 12.74 |
| Debt/Equity(x) | 0 | 0 | 0 | 0.01 | 0.04 | 0.06 | 0.07 | 0.07 | 0.18 | 0 | 0.05 |
| Current Ratio(x) | 10.38 | 19.13 | 5.04 | 0.83 | 0.55 | 0.12 | 0.06 | 3.08 | 3.09 | 33.05 | 1.93 |
| Quick Ratio(x) | 10.38 | 19.13 | 5.04 | 0.83 | 0.55 | 0.12 | 0.06 | 3.08 | 3.09 | 33.05 | 1.93 |
| Interest Cover(x) | -47.08 | -160.62 | -45.8 | -109.97 | -51.82 | -407.91 | -114.35 | -276.27 | -98.05 | -235.69 | -332.57 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0.07 | 0.03 | 0.2 | 0 | 0.03 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 44.36 | 44.36 | 44.36 | 44.36 | 44.36 | 44.36 | 46.71 | 46.72 | 46.72 | 46.72 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 |
| Public | 55.42 | 55.42 | 55.42 | 55.42 | 55.42 | 55.42 | 53.07 | 53.06 | 53.06 | 53.06 |
| 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 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.2 | 0.2 | 0.2 | 0.2 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.23 | 0.23 | 0.23 | 0.23 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | — | — | — | -7% |
| Operating Profit CAGR | — | — | — | — |
| PAT CAGR | — | — | — | — |
| Share Price CAGR | +91% | +46% | +36% | +10% |
| ROE Average | -4% | -4% | -4% | -4% |
| ROCE Average | -4% | -4% | -3% | -3% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 44.36 | 44.36 | 44.36 | 44.36 | 44.36 | 44.36 | 46.71 | 46.72 | 46.72 | 46.72 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 |
| Public | 55.64 | 55.64 | 55.64 | 55.64 | 55.64 | 55.64 | 53.29 | 53.28 | 53.28 | 53.28 |
| 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 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.2 | 0.2 | 0.2 | 0.2 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.23 | 0.23 | 0.23 | 0.23 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 |
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