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Aastha Spintex Ltd (AASTHA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544808 NSE: AASTHA Textile | Small Cap | Aastha Spintex Share Price

₹122.90 5.85 (5.00%)

As on 10-Jul'26 16:59

Aastha Spintex Ltd (AASTHA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544808 NSE: AASTHA Textile | Small Cap | Aastha Spintex Share Price

₹122.90 5.85 (5.00%)

As on 10-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹543 Cr.
Current Price
₹122.9
52-Week Low / High
₹117 / 136
TTM EPS
₹5.3
TTM Sales
₹351 Cr.
Book Value per Share
₹66.5
P/E Ratio
23.09
In line with its 5-year historical median
Industry PE
38.2
Price to Book (P/B)
1.85
In line with its 5-year historical median
Price to Sales (P/S)
1.54
In line with its 5-year historical median
EV/EBITDA
12.31
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
23.79%
Return on Capital Employed (ROCE)
22.78%
Return on Assets (ROA)
9.10%
Operating Profit Margin
14.2%
Net Profit Margin
6.69%
Gross Profit Margin
11.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
15.19%
Operating Profit Growth (1 Year)
-
34.03%
Net Profit Growth (1 Year)
-
44.26%
Asset Quality
Promoter Holding
53.21%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹249 Cr.
Equity
₹44.1 Cr.
Face Value
₹10
All Time Low / High
₹117.05 / 136.45

Aastha Spintex stock performance

Key Ratios
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10 Year X-Ray :

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.
Aastha Spintex Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'23Mar'24Mar'25TTM
ROCE % 6.2%21.1%22.8%-
Value Creation
Index
-0.60.50.6-

Growth Parameters

Sales 239305351351
Sales YoY Gr.-27.4%15.2%-
Adj EPS 0.4685.3
YoY Gr.-1428.2%33.7%-
BVPS (₹) 222841.166.5
Adj Net
Profit
1.116.323.523
Cash Flow from Ops. 15.512.9-18.7-
Debt/CF from Ops. 5.26.4-5.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANANA15.2%
Adj EPS NANANA33.7%
BVPSNANANA47%
Share Price - - - -

Key Financial Parameters

Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.823.923.79.9
Op. Profit
Mgn %
5.912.214.2NAN
Net Profit
Mgn %
0.45.36.76.7
Debt to
Equity
1.41.10.8-
Working Cap
Days
01341720
Cash Conv.
Cycle
057940

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Sales239305351
Operating Expenses + 225268301
Manufacturing Costs171411
Material Costs198243279
Employee Cost 777
Other Costs 334
Operating Profit 143750
Operating Profit Margin (%) 5.9%12.2%14.2%
Other Income + 011
Exceptional Items 000
Interest 71110
Depreciation 668
Profit Before Tax 12133
Tax 059
Profit After Tax 11623
PAT Margin (%) 0.4%5.3%6.7%
Adjusted EPS (₹)0.46.08.0
Dividend Payout Ratio (%)0%0%0%

Valuation of Aastha Spintex - 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'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 6076122
Share Capital 272730
Reserves 334992
Debt +636576
Long Term Debt413826
Short Term Debt222650
Minority Interest000
Trade Payables226539
Others Liabilities 283538
Total Liabilities 173241276

Fixed Assets

Net Fixed Assets +738781
Gross Block117137139
Accumulated Depreciation445058
CWIP 1700
Investments 000
Inventories4456119
Trade Receivables157339
Cash Equivalents 6611
Others Assets 171826
Total Assets 173241276

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1513-19
PBT 12133
Adjustment 141718
Changes in Working Capital 2-26-64
Tax Paid -10-5
Cash Flow From Investing Activity + -28-4-0
Capex -28-4-1
Net Investments 000
Others -0-01
Cash Flow From Financing Activity + 14-924
Net Proceeds from Shares 003
Net Proceeds from Borrowing 12-3-12
Interest Paid -7-11-10
Dividend Paid 000
Others 10443
Net Cash Flow 205

Financial Ratio

PARTICULARSMar'23Mar'24Mar'25
Ratios
ROE (%)1.7623.8823.79
ROCE (%)6.1621.1422.78
Asset Turnover Ratio1.381.471.36
PAT to CFO Conversion(x)150.81-0.83
Working Capital Days
Receivable Days22.7052.4058.10
Inventory Days67.7060.4091
Payable Days40.8065.4068.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Aastha Spintex Ltd FAQs

The current trading price of Aastha Spintex on 10-Jul-2026 16:59 is ₹122.9.

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 09-Jul-2026 the market cap of Aastha Spintex stood at ₹542.5 Cr

The latest P/E ratio of Aastha Spintex as of 09-Jul-2026 is 23.09.

The latest P/B ratio of Aastha Spintex as of 09-Jul-2026 is 1.85.

The 52-week high of Aastha Spintex is ₹136.4 and the 52-week low is ₹117.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aastha Spintex is ₹351 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Aastha Spintex Ltd is a below average quality company.

The key valuation ratios of Aastha Spintex 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 Aastha Spintex Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Aastha Spintex Ltd

Aastha Spintex was originally incorporated as ‘Aastha Spintex Private Limited’, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated August 12, 2013, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, upon conversion of the company into a public limited company, the name of the company was changed to ‘Aastha Spintex Limited’, pursuant to resolution passed by its Board of Directors on January 03, 2025, and the resolution passed by its shareholders at extra-ordinary general meeting on January 27, 2025. A fresh certificate of incorporation dated February 12, 2025, was issued by Registrar of Companies, Central Processing Centre consequent to the conversion.  

Aastha Spintex is engaged in the business of manufacturing and trading of carded, combed and compact combed cotton yarns and cotton bales. The company’s cotton bales are utilized both for captive production of cotton yarns and for supply to other spinning units and the cotton yarns produced are used in both knitting and weaving applications, catering to a wide spectrum of end-use segments and products including denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics. The company has a semi-automated and integrated spinning and ginning manufacturing facility situated at Halvad, Morbi, Gujarat. It produces 100% cotton yarns in counts ranging from Ne 26 to Ne 40 which includes carded, combed and combed compact varieties.

The ginning process converts raw cotton into cotton bales through stages of cleaning and separation, during which cotton seeds and other by-products are generated. While the cleaned lint is pressed into bales for supply to spinning mills, the separated cotton seeds are sold to industries engaged in oil extraction, animal feed, and other applications, thereby providing an additional revenue stream for our Company. A nominal portion of raw cotton is lost as non-recoverable waste during the process. The spinning of cotton into yarn involves several stages of cleaning, carding and drawing of cotton, during which by-products such as comber, licker-in, and hard waste (collectively, cotton waste by-products) are generated. These cotton waste by-products are sold to industries manufacturing non-woven fabrics and open-end yarns, providing an additional revenue stream for the company. Nominal portion of cotton in the range of 0.1% to 0.3% of the total cotton yarn produced is non-sellable waste.

Business area of the company 

The company is engaged in the business of manufacturing and trading of cotton products. It offers a wide range of contamination-controlled yarn counts for weaving and knitting end-use.

Products of the company 

  • Combed Yarn
  • Combed Compact Yarn
  • Comber
  • Flat
  • Lickerin

Key awards, accreditations or recognitions

  • 2017: Fastest growing Indian Company Excellence Award.
  • 2017: Certificate of Appreciation for participation in Vibrant Gujarat Global Trade Show, 2017.
  • 2017: Certificate of Editorial Coverage Participation in appreciation of sharing profound editorial coverage of mill’s operations in May-June 2017 issue of Spinning Textiles magazine.
  • 2025: Received scope certificate dated June 20, 2025, issued by CU Inspections & Certifications India Private Limited conforming conformity with Global Organic Textile Standard (GOTS).
  • 2025: Received scope certificate dated June 20, 2025, issued by CU Inspections & Certifications India Private Limited conforming conformity with Organic Content Standard and Global Recycled Standard. 

Major events and milestone

  • 2015: Commencement of manufacturing operations at Halvad, Morbi, with an initial capacity of 25,920 spindles, meeting domestic and international demand for high-quality cotton yarn.
  • 2020: Upgrade of spinning machinery, leading to a 2,000 to 2500 Kg per day increase in yarn production capacity, reinforcing the company’s market position.
  • 2023: Setting up and installation of a 5 MW solar power plant for captive use near the manufacturing facility, reducing carbon emissions and operational costs.
  • 2024: Setting up and installation of a 2.7 MW wind power project, further enhancing the company’s commitment to sustainable and cost-effective manufacturing.

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