Active Clothing Co Q2 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹144 Cr
- P/E
- 14.15
- ROE
- 11.80%
- PEG
- 0.22
- Price to sales
- 0.45
- Debt to equity
- 1.39
- 52W high / low
- ₹147 / ₹86.7
- Sales growth (5Y)
- 34.04%
- EBITDA margin
- 8.64%
- Net profit margin
- 3.17%
- Promoter holding
- 73.58%
- Sales (last year)
- ₹320 Cr
Incorporated in 2002, Active Clothing Co Ltd is in manufacturing and trading of readymade garments
Guidance scorecard · Q2 FY26 call
What Active Clothing Co Ltd's management guided
and where it ranks in Textiles & Apparels
Textiles & Apparels
RevenueQ2 FY26 call
10–20%- The rollout of 652 new smart knitting machines over the next 3 years is expected to significantly enhance production capacity.
- Once the rollout is complete, peak revenue is projected to reach approximately Rs. 700 Crores.
- Incremental capacity expansions are planned every six months, with Rs. 60 Crores capex in FY2026-27 focusing on knitting machines.
- The company aims to target new clients alongside growing business with existing customers.
- Growth is supported by automation, technology adoption, and expanding export markets, especially in Europe.
- Expansion into tier 2 and tier 3 cities for touchpoints is planned, though the current model remains stable with around 200 dealers.
2 more points from Active Clothing Co Ltd's call on revenue
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MarginsQ2 FY26 call
Up 0–2%See what Active Clothing Co Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- The company is undertaking a significant capex related to the rollout of 600+ advanced computerized flat knitting machines under a long-term partnership with Ningbo Shipping Company Limited.
- This "smart knitting" project will cost between Rs. 150 Crores to Rs. 200 Crores, with major investment coming from the machinery supplier side, spread over three years.
- Rs. 60 Crores of capex is planned for FY2026-27 as part of this initiative, mostly for machinery, expected to be live by winter 2026.
- The machinery supplier is providing 5-year deferred payment terms, so no immediate capital raise is planned.
2 more points from Active Clothing Co Ltd's call on capex
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FundraisingQ2 FY26 call
None plannedSee what Active Clothing Co Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
Flat- The rollout of 652 knitting machines is underway, expected to be completed over a period of 3 years or a little more.
- Once this rollout is complete, the company anticipates achieving peak total revenue around Rs. 700 Crores.
- Orders are processed on an "against order" basis, meaning the company does not manufacture garments without confirmed orders.
- Sampling for upcoming orders, such as summer 2026, is in progress.
- The Rs. 60 Crores capex related to knitting machines is expected to be operational in the 2026-2027 financial year, contributing to increased capacity.
2 more points from Active Clothing Co Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Textiles & Apparels
on management's own guidance
- Strong growth2
- Strong growth1
- Sumeet IndustrieGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Textiles & Apparels companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹560 Cr | 90.6 | |
| 2 | 40%+ | Flat | ₹421 Cr | 27.7 | |
| 3 | Sumeet Industrie | 20–40% | Up 2%+ | ₹751 Cr | 30.3 |
| 4 | 20–40% | Up 2%+ | ₹305 Cr | 20.4 | |
| 5 | 20–40% | Up 0–2% | ₹2,823 Cr | 17.5 | |
| 6 | 20–40% | Up 0–2% | ₹1,225 Cr | 69.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels rankingFinancials of Active Clothing Co Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Active Clothing Co Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 43.91 | 44.65 | 76.86 | 52.91 | 37.93 | 46.43 | 81.43 | 99.94 | 68.35 | 64.46 | 82.77 | 96.49 | 72.72 |
| Expenses + | 41.57 | 40.62 | 70.24 | 47.55 | 33.01 | 40.86 | 73.41 | 91.20 | 63.15 | 57.50 | 75.82 | 88.31 | 67.29 |
| Operating Profit | 2.34 | 4.03 | 6.62 | 5.36 | 4.92 | 5.57 | 8.02 | 8.74 | 5.20 | 6.96 | 6.95 | 8.18 | 5.43 |
| OPM % | 5.33% | 9.03% | 8.61% | 10.13% | 12.97% | 12.00% | 9.85% | 8.75% | 7.61% | 10.80% | 8.40% | 8.48% | 7.47% |
| Other Income + | -0.01 | 0.09 | 0.14 | 0.07 | 0.01 | 0.10 | 0.19 | 0.27 | 0.40 | 0.01 | 0.43 | 0.87 | 0.57 |
| Interest | 1.38 | 2.29 | 2.02 | 2.39 | 1.35 | 2.48 | 3.19 | 3.12 | 2.56 | 2.85 | 2.49 | 3.12 | 1.83 |
| Depreciation | 0.45 | 0.82 | 2.64 | 1.74 | 2.07 | 1.67 | 1.89 | 1.89 | 1.68 | 1.61 | 1.68 | 1.90 | 1.87 |
| Profit before tax | 0.50 | 1.01 | 2.10 | 1.30 | 1.51 | 1.52 | 3.13 | 4.00 | 1.36 | 2.51 | 3.21 | 4.03 | 2.30 |
| Tax % | 22.00% | 25.74% | 13.81% | 25.38% | 11.26% | 19.74% | 21.41% | 21.50% | -20.59% | 15.14% | 13.40% | 13.15% | 29.13% |
| Net Profit + | 0.39 | 0.74 | 1.81 | 0.97 | 1.34 | 1.21 | 2.46 | 3.14 | 1.63 | 2.13 | 2.79 | 3.50 | 1.62 |
| EPS in Rs | 0.25 | 0.48 | 1.17 | 0.63 | 0.86 | 0.78 | 1.59 | 2.02 | 1.05 | 1.37 | 1.80 | 2.26 | 1.04 |
Financials of Active Clothing Co Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 111 | 112 | 120 | 127 | 154 | 148 | 73 | 115 | 200 | 212 | 296 | 316 |
| Expenses + | 101 | 99 | 106 | 111 | 138 | 135 | 63 | 106 | 187 | 191 | 269 | 289 |
| Operating Profit | 10 | 13 | 14 | 16 | 16 | 13 | 10 | 9 | 13 | 21 | 28 | 28 |
| OPM % | 9% | 12% | 11% | 13% | 10% | 9% | 14% | 8% | 7% | 10% | 9% | 9% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 |
| Interest | 4 | 6 | 6 | 7 | 6 | 8 | 7 | 6 | 7 | 8 | 11 | 10 |
| Depreciation | 4 | 6 | 5 | 6 | 6 | 4 | 4 | 3 | 4 | 7 | 7 | 7 |
| Profit before tax | 2 | 2 | 2 | 4 | 4 | 1 | 0 | 1 | 3 | 6 | 10 | 12 |
| Tax % | 30% | 29% | 33% | 33% | 24% | 21% | 25% | 27% | 25% | 18% | 16% | 17% |
| Net Profit + | 2 | 2 | 2 | 2 | 3 | 1 | 0 | 1 | 2 | 5 | 8 | 10 |
| EPS in Rs | 82.26 | 81.73 | 85.96 | 1.53 | 1.97 | 0.55 | 0.04 | 0.34 | 1.46 | 3.13 | 5.45 | 6.48 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Active Clothing Co Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.19 | 0.19 | 0.19 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 26 | 27 | 29 | 42 | 45 | 46 | 46 | 47 | 49 | 54 | 62 | 67 |
| Borrowings + | 48 | 64 | 68 | 56 | 65 | 65 | 58 | 51 | 85 | 93 | 125 | 112 |
| Other Liabilities + | 10 | 7 | 12 | 24 | 33 | 28 | 14 | 32 | 29 | 58 | 77 | 110 |
| Total Liabilities | 85 | 98 | 110 | 137 | 160 | 155 | 134 | 146 | 178 | 220 | 279 | 305 |
| Fixed Assets + | 35 | 44 | 42 | 47 | 41 | 37 | 34 | 31 | 33 | 58 | 53 | 51 |
| CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 0 | 8 | 18 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 48 | 54 | 68 | 91 | 118 | 117 | 100 | 114 | 133 | 163 | 218 | 237 |
| Total Assets | 85 | 98 | 110 | 137 | 160 | 155 | 134 | 146 | 178 | 220 | 279 | 305 |
Financials of Active Clothing Co Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -2 | -6 | 3 | 7 | -3 | 6 | 0 | 10 | 14 | 21 | -10 | 14 |
| Cash from Investing Activity + | -8 | 1 | -1 | -15 | 0 | 2 | 0 | -0 | -17 | -19 | -11 | -11 |
| Cash from Financing Activity + | 9 | 7 | -3 | 9 | 4 | -7 | 0 | -10 | -1 | -1 | 21 | 3 |
| Net Cash Flow | -0 | 1 | -1 | 1 | 1 | 1 | 0 | -0 | -4 | 0 | -0 | 7 |
| Free Cash Flow | -20 | -19 | 0 | -5 | -4 | 6 | 0 | 10 | -3 | 1 | -21 | -3 |
| CFO/OP | -14% | -43% | 26% | 46% | -13% | 49% | 0% | 114% | 112% | 105% | -32% | 56% |
Financials of Active Clothing Co Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 38 | 52 | 66 | 69 | 93 | 113 | 149 | 124 | 87 | 128 | 128 | |
| Inventory Days | 138 | 159 | 190 | 249 | 250 | 226 | 488 | 290 | 186 | 197 | 164 | |
| Days Payable | 37 | 22 | 46 | 81 | 106 | 87 | 95 | 93 | 66 | 123 | 120 | |
| Cash Conversion Cycle | 139 | 189 | 209 | 236 | 237 | 252 | 542 | 321 | 207 | 203 | 173 | |
| Working Capital Days | 116 | 41 | 50 | 102 | 92 | 93 | 240 | 149 | 66 | 71 | 62 | |
| ROCE % | 9% | 9% | 10% | 8% | 7% | 6% | 5% | 8% | 9% | 12% |
Continue your research
What Active Clothing Co Ltd's management said in earlier quarters
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