Active Clothing Co Q2 FY26 Share Price & Earnings Call Analysis

₹92.53+4.22% today
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

#23of 42 in
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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Full Q2 FY26 analysis

MarginsQ2 FY26 call

Up 0–2%

See what Active Clothing Co Ltd said on margins — free account, 30 seconds.

Full Q2 FY26 analysis

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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Full Q2 FY26 analysis

FundraisingQ2 FY26 call

None planned

See what Active Clothing Co Ltd said on fundraising — free account, 30 seconds.

Full Q2 FY26 analysis

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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Full Q2 FY26 analysis

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

  1. Strong growth
    2
  2. Strong growth
    1
  3. Sumeet IndustrieGood growth
    3

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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

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹560 Cr90.6
240%+Flat₹421 Cr27.7
3Sumeet Industrie20–40%Up 2%+₹751 Cr30.3
420–40%Up 2%+₹305 Cr20.4
520–40%Up 0–2%₹2,823 Cr17.5
620–40%Up 0–2%₹1,225 Cr69.7

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Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels ranking

Financials 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 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +43.9144.6576.8652.9137.9346.4381.4399.9468.3564.4682.7796.4972.72
Expenses +41.5740.6270.2447.5533.0140.8673.4191.2063.1557.5075.8288.3167.29
Operating Profit2.344.036.625.364.925.578.028.745.206.966.958.185.43
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 +-0.010.090.140.070.010.100.190.270.400.010.430.870.57
Interest1.382.292.022.391.352.483.193.122.562.852.493.121.83
Depreciation0.450.822.641.742.071.671.891.891.681.611.681.901.87
Profit before tax0.501.012.101.301.511.523.134.001.362.513.214.032.30
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 +0.390.741.810.971.341.212.463.141.632.132.793.501.62
EPS in Rs0.250.481.170.630.860.781.592.021.051.371.802.261.04

Financials of Active Clothing Co Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +11111212012715414873115200212296316
Expenses +1019910611113813563106187191269289
Operating Profit10131416161310913212828
OPM %9%12%11%13%10%9%14%8%7%10%9%9%
Other Income +000000000012
Interest46676876781110
Depreciation465664434777
Profit before tax22244101361012
Tax %30%29%33%33%24%21%25%27%25%18%16%17%
Net Profit +2222310125810
EPS in Rs82.2681.7385.961.531.970.550.040.341.463.135.456.48
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 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital0.190.190.19161616161616161616
Reserves262729424546464749546267
Borrowings +48646856656558518593125112
Other Liabilities +107122433281432295877110
Total Liabilities8598110137160155134146178220279305
Fixed Assets +354442474137343133585351
CWIP20000000120818
Investments000000000000
Other Assets +48546891118117100114133163218237
Total Assets8598110137160155134146178220279305

Financials of Active Clothing Co Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-2-637-360101421-1014
Cash from Investing Activity +-81-1-15020-0-17-19-11-11
Cash from Financing Activity +97-394-70-10-1-1213
Net Cash Flow-01-11110-0-40-07
Free Cash Flow-20-190-5-46010-31-21-3
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 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days385266699311314912487128128
Inventory Days138159190249250226488290186197164
Days Payable3722468110687959366123120
Cash Conversion Cycle139189209236237252542321207203173
Working Capital Days11641501029293240149667162
ROCE %9%9%10%8%7%6%5%8%9%12%

What Active Clothing Co Ltd's management said in earlier quarters

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