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Patspin India Ltd (PATSPINLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514326 NSE: PATSPINLTD Textile - Spinning | Small Cap | Patspin India Share Price

₹7.39 0.15 (2.07%)

As on 04-Jun'26 16:59

Patspin India Ltd (PATSPINLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514326 NSE: PATSPINLTD Textile - Spinning | Small Cap | Patspin India Share Price

₹7.39 0.15 (2.07%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹23 Cr.
Current Price
₹7.4
52-Week Low / High
₹6 / 13
TTM EPS
₹-3.7
TTM Sales
₹46.5 Cr.
Book Value per Share
₹-24.5
P/E Ratio
0.00
Industry PE
21.5
Price to Book (P/B)
-0.30
Higher than its 5-year historical median
Price to Sales (P/S)
0.49
Lower than its 5-year historical median
EV/EBITDA
-128.46
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
In line with industry median
Return on Capital Employed (ROCE)
-13.30%
Underperforms industry median
Return on Assets (ROA)
-13.44%
Operating Profit Margin
-1.9%
Net Profit Margin
-20.68%
Gross Profit Margin
-14.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
7.96%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
65.00%
Pledged shares (%) of Promoter's holding (%)
36.26%
Reserves
₹-107 Cr.
Equity
₹30.9 Cr.
Face Value
₹10
All Time Low / High
₹3.25 / 45.00

Patspin India stock performance

Key Ratios
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M-Cap below 100cr DeciZen not available

Q.1 Is Patspin India Ltd a good quality company?
Patspin India Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Patspin India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Patspin India Ltd vs industry peers?
Patspin India Ltd revenue CAGR is -34.52%, compared to the industry median CAGR of 1.47%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Patspin India Ltd?
Promoters hold 65.00% of the Patspin India Ltd, with 36.26% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Patspin India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -2.2% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Patspin India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 13.9%18.6%12.7%12.8%-5.4%-11.4%8.9%-11.8%3.8%-13.3%-
Value Creation
Index
0.00.3-0.1-0.1NANANANANANA-

Growth Parameters

Sales 49653252354939314814374.943.847.347
Sales YoY Gr.-7.1%-1.6%4.9%-28.3%-62.3%-3.2%-47.8%-41.5%8%-
Adj EPS 0.31.6-3.7-0.1-7.5-12-4.3-7.5-2.6-3.2-3.7
YoY Gr.-462.1%-327.6%NANANANANANANA-
BVPS (₹) 1.64.63.43.5-4.5-16.6-20.3-15.5-17.6-20.8-24.5
Adj Net
Profit
0.95-11.5-0.3-23.3-37.1-13.4-23.2-8.1-9.8-11
Cash Flow from Ops. 65.247.147.737.651.2-1-0.96.27.31.4-
Debt/CF from Ops. 3.55.24.34.82.9-165-176.712.41056.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -23%-34.5%-30.9%8%
Adj EPS -230.4%NANANA
BVPS-232.9%NANANA
Share Price -1.5% 3.2% -15% -32.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
3.610.9-17.9-0.5-50.7-273.6108.9131.139.533.916.3
Op. Profit
Mgn %
9.89.75.76.70.1-213.5-10.7-8.4-1.9-6.3
Net Profit
Mgn %
0.21-2.2-0.1-5.9-25-9.3-31-18.5-20.7-24.5
Debt to
Equity
917.419.916.6-10.8-3.2-2.6-1.6-1.4-1.3-
Working Cap
Days
1019399939111878991097012
Cash Conv.
Cycle
24313417-7-57-39-42-113-114-262

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales496.30531.54522.84548.51393.05148.10143.3274.8743.8447.33
Operating Expenses + 448.01479.94492.97514.50393.92152.30123.9682.9547.6648.24
Manufacturing Costs61.4654.4960.8264.6154.1737.0148.5028.9721.5323.32
Material Costs332.17368.22374.23390.69288.1678.5936.4824.884.943.36
Employee Cost 31.3633.8535.4635.7734.392832.4622.2117.3618.64
Other Costs 23.0223.3822.4623.4317.208.706.536.893.822.93
Operating Profit 48.2951.6029.8734.01-0.88-4.2019.36-8.08-3.82-0.91
Operating Profit Margin (%) 9.7%9.7%5.7%6.2%-0.2%-2.8%13.5%-10.8%-8.7%-1.9%
Other Income + 1.243.271.512.662.390.370.240.315.631.50
Exceptional Items 04.929.47-0.160007.292.240
Interest 36.7734.7633.0829.2327.3323.9222.8410.527.557.41
Depreciation 12.1911.8910.4410.3310.3510.2110.147.153.152.96
Profit Before Tax 0.5713.13-2.68-3.05-36.17-37.96-13.38-18.15-6.65-9.79
Tax -0.213.121.66-0.69-12.1500000
Profit After Tax 0.7810.01-4.35-2.36-24.02-37.96-13.38-18.15-6.65-9.79
PAT Margin (%) 0.2%1.9%-0.8%-0.4%-6.1%-25.6%-9.3%-24.2%-15.2%-20.7%
Adjusted EPS (₹)0.33.2-1.4-0.8-7.8-12.3-4.3-5.9-2.2-3.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Patspin India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 25.4866.7961.6658.2633.57-6.47-18.09-17.28-23.86-33.86
Share Capital 51.4330.9230.9230.9230.9230.9230.9230.9230.9230.92
Reserves -25.9535.8730.7427.342.65-37.39-49.01-48.20-54.78-64.78
Debt +192.75246.85206.90180.83148.33163.97163.4070.0163.3564.59
Long Term Debt140.67122.5395.0968.8657.6237.7518.4560.0153.3554.59
Short Term Debt52.08124.32111.81111.9790.71126.21144.94101010
Minority Interest0000000000
Trade Payables58.2051.2681.64101.8979.2142.7222.7619.1616.4614.46
Others Liabilities 48.6921.2513.066.31-3.4415.2825.9413.4420.4524.07
Total Liabilities 325.12386.15363.27347.28257.67215.49194.0185.3376.4169.25

Fixed Assets

Net Fixed Assets +184.85227.35211.95200.16190.41177.62167.4868.5964.5662.51
Gross Block388.40435.25404.04402.04402.59400.01400.01194.19192.79193.67
Accumulated Depreciation203.55207.90192.09201.88212.18222.39232.53125.60128.23131.16
CWIP 0.100.110.230.080.050.050.050.0500
Investments 1.570.580.710.180.180.170.09000
Inventories75.8377.6777.1465.9425.9014.297.913.390.090.09
Trade Receivables14.9342.2743.5957.9124.5210.608.221.850.060.05
Cash Equivalents 8.8217.477.7810.646.532.750.2620.250.22
Others Assets 39.0220.6921.8712.3710.0810.01109.4511.466.38
Total Assets 325.12386.15363.27347.28257.67215.49194.0185.3376.4169.25

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 65.2147.1347.7337.5551.18-0.99-0.926.197.311.44
PBT 0.578.21-12.15-2.89-36.17-37.96-13.38-25.44-8.90-9.79
Adjustment 43.8339.1737.6232.6431.6726.6529.5415.598.559.84
Changes in Working Capital 21.28-5.1212.593.6254.3710.67-15.5810.743.43-0.45
Tax Paid -0.47-0.050.204.342.46-0.34-1.52-1.981.981.84
Cash Flow From Investing Activity + 0.4611.597.192.802.180.67-0.1891.783.28-0.14
Capex -2.050.426.50-0.22-0.55-0.01091.743.06-0.88
Net Investments 00.99-0.130.5400.010.070.0900
Others 2.5210.190.822.482.740.66-0.25-0.040.220.73
Cash Flow From Financing Activity + -62.37-59.32-57.48-38.74-54.941.14-0.61-97.22-11.24-1.30
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -24.87-32.57-39.28-21.28-21.086.32-1.93-66.31-3.33-6.68
Interest Paid -32.11-29.31-27.66-23.34-20.69-12.520.46-28.96-7.89-9.15
Dividend Paid 0000000000
Others -5.402.569.465.88-13.177.330.86-1.95-0.0214.52
Net Cash Flow 3.30-0.59-2.561.61-1.580.81-1.710.75-0.65-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)16.93104.25-35.29-22.180N/AN/AN/AN/AN/A
ROCE (%)13.8818.5912.7112.8-5.42N/AN/AN/AN/AN/A
Asset Turnover Ratio1.471.491.41.541.30.630.70.540.540.65
PAT to CFO Conversion(x)83.64.71N/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days12.7019.603033.8038.3043.302424.507.900.40
Inventory Days56.9052.705447.6042.6049.5028.3027.6014.500.70
Payable Days62.8054.3064.8085.70114.70283.10327.60307.501,315.201,681.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *36.2636.2636.2636.2636.2636.2636.2636.2636.2636.26
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Patspin India Ltd FAQs

The current trading price of Patspin India on 04-Jun-2026 16:59 is ₹7.39.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Patspin India stood at ₹22.85 Cr

The latest P/E ratio of Patspin India as of 03-Jun-2026 is 0.00.

The latest P/B ratio of Patspin India as of 03-Jun-2026 is -0.30.

The 52-week high of Patspin India is ₹12.65 and the 52-week low is ₹5.87.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Patspin India is ₹46.52 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Patspin India Ltd is a average quality company.

The key valuation ratios of Patspin India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Patspin India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Patspin India Ltd

Patspin India was incorporated on September 20, 1991 as a public limited company under the Companies Act 1956 with its registered office at Cochin in the State of Kerala. The certificate for commencement of business was obtained on September 30, 1991. The company has been promoted by GTN Textiles Limited, Itochu Corporation Japan & Kerala State Industrial Development Corporation Ltd.

The company is manly engaged in manufacture and export of cotton yarn. The products include cotton yarn, processed yarn, knitted fabric, compact yarn and other speciality yarns.

The success of GTN spilled over to create a new story. The dream was given a new name- Patspin. One of the first EOU company in India. Housed in exotic ambience of an Italian villa. Driven by technology & advancements. About half the capacity dedicated to compact spinning.

Patspin India has an ISO 9002 certified 100 percent EOU yarn processing unit in Kerala which produces yarn that confirms to international standards.

Patspin had come out with a rights issue to finance the expansion of its capacity by 16,128 spindles which it did successfully in December 1996.

Product range of the company includes:

  • Cotton Yarn
  • Processed Yarn
  • Knitted Fabric
  • Compact Yarn
  • Other Speciality Yarns

Achievements/ recognition:

  • Texprocil Gold Award for Excellence for 18 year
  • The first Indian spinner to be given the Cotton USA Brand Licence
  • The first Indian spinner to be given the Cotton Supima Brand Licence
  • ISO 9001

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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