RSWM Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹927 Cr
- P/E
- 12.90
- ROE
- 3.83%
- PEG
- -0.66
- Price to sales
- 0.20
- Debt to equity
- 1.24
- 52W high / low
- ₹235 / ₹121
- Sales growth (5Y)
- 14.38%
- EBITDA margin
- 6.61%
- Net profit margin
- 1.12%
- Promoter holding
- 55.69%
- Sales (last year)
- ₹4,545 Cr
Incorporated in 1960, RSWM Ltd manufactures green fibre, yarn and fabrics[1]
Guidance scorecard · Q2 FY27 call
What RSWM Ltd's management guided
and where it ranks in Textiles & Apparels
Textiles & Apparels
RevenueQ2 FY27 call
10–20%- Strategic focus on consolidating operations while driving growth by improving product mix and entering value-added textile and downstream manufacturing.
- Projected fabric division contribution to increase from 26% to about one-third, with yarn proportion adjusting to two-thirds.
- EBITDA margin is expected to improve, targeting double digits in fabric division.
2 more points from RSWM Ltd's call on revenue
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MarginsQ2 FY27 call
FlatSee what RSWM Ltd said on margins — free account, 30 seconds.
CapexQ2 FY27 call
Planned- Ongoing expansion projects include a knitting expansion of ₹92 crores expected to impact from Q4 FY27, improving fabric division capacity and contribution.
- LNJ GreenPET B2B project (bottle-to-bottle recycling) expected to commence commercial production in Q1 FY28 with ₹200 crores revenue projection next year.
- LNJ NDS9 Global Private Limited (74% owned subsidiary) focusing on premium denim and knit garments; Phase-1 investment of ₹208 crores ongoing, with equity infusion of ~₹46 crores from RSWM.
- Equity infusion of ~₹62 crores planned for LNJ GreenPET, of which ₹29 crores already infused.
2 more points from RSWM Ltd's call on capex
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FundraisingQ2 FY27 call
PlannedSee what RSWM Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY27 call
- Order flow in export markets experienced disturbances, making order planning and shipment scheduling challenging.
- Denim and knit fabric divisions had order booking to the tune of 30-40 days, indicating short-term order visibility.
- Pricing discussions and order booking for the next season are underway, suggesting active order replenishment.
2 more points from RSWM 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.
RSWM latest results (Sep 2026)
Revenue
₹1,322 Cr
+15% YoY
Net profit
₹26 Cr
+271% YoY
Operating margin
8%
EPS
₹5.43
RSWM shareholding (Sep 2026)
Promoters
55.69%
unchanged QoQ
FIIs
0.73%
−0.24 pp QoQ
DIIs
0.54%
+0.02 pp QoQ
Public
42.83%
+0.21 pp QoQ
Peers
Textiles & Apparels companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹582 Cr | 94.0 | |
| 2 | 40%+ | Flat | ₹430 Cr | 23.6 | |
| 3 | Sumeet Industrie | 20–40% | Up 2%+ | ₹747 Cr | 34.4 |
| 4 | 20–40% | Up 2%+ | ₹344 Cr | 25.5 | |
| 5 | 20–40% | Up 0–2% | ₹2,574 Cr | 11.2 | |
| 6 | 20–40% | Up 0–2% | ₹1,108 Cr | 59.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels rankingRSWM Ltd announcements
All announcements →- Financial resultsMajor developmentRSWM Limited approves Sept 2026 quarter results, ESOP grant and NDS9 JV investment
Financials of RSWM Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
RSWM Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 55.69% | 55.69% | 55.69% | 55.69% | 55.69% | 55.69% | 55.69% | 55.69% | 55.69% | 55.69% | 55.69% | 55.69% |
| FIIs + | 2.00% | 2.08% | 1.80% | 1.52% | 1.62% | 1.50% | 1.23% | 1.21% | 1.24% | 1.20% | 0.97% | 0.73% |
| DIIs + | 0.08% | 0.07% | 0.12% | 0.27% | 0.65% | 0.45% | 0.45% | 0.45% | 0.45% | 0.43% | 0.52% | 0.54% |
| Government + | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% | 0.20% |
| Public + | 42.03% | 41.95% | 42.18% | 42.30% | 41.83% | 42.17% | 42.43% | 42.44% | 42.41% | 42.48% | 42.62% | 42.83% |
| No. of Shareholders | 33,461 | 32,277 | 31,432 | 31,115 | 30,365 | 29,868 | 29,275 | 28,899 | 27,998 | 27,225 | 26,513 | 25,772 |
Financials of RSWM Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,007 | 977 | 1,171 | 1,208 | 1,166 | 1,196 | 1,256 | 1,170 | 1,151 | 1,091 | 1,142 | 1,161 | 1,322 |
| YoY Sales growth | +6% | +14% | +23% | +34% | +16% | +22% | +7% | -3% | -1% | -9% | -9% | -1% | +15% |
| Expenses + | 986 | 962 | 1,130 | 1,160 | 1,128 | 1,145 | 1,185 | 1,098 | 1,079 | 1,023 | 1,072 | 1,071 | 1,213 |
| Operating Profit | 22 | 15 | 41 | 48 | 38 | 51 | 71 | 73 | 72 | 68 | 70 | 90 | 109 |
| OPM % | 2.2% | 1.6% | 3.5% | 4.0% | 3.3% | 4.2% | 6% | 6% | 6% | 6% | 6% | 8% | 8% |
| Other Income + | 15 | 7 | 89 | 7 | 10 | 8 | 9 | 12 | 10 | 4 | 17 | 9 | -2 |
| Interest | 19 | 25 | 32 | 35 | 36 | 34 | 36 | 35 | 32 | 30 | 31 | 33 | 33 |
| Depreciation | 34 | 42 | 42 | 42 | 41 | 39 | 38 | 39 | 39 | 37 | 38 | 39 | 39 |
| Profit before tax | -17 | -45 | 57 | -22 | -28 | -14 | 6 | 11 | 11 | 4 | 17 | 27 | 36 |
| Tax % | -46% | -24% | 37% | -33% | -38% | -35% | 77% | 24% | 34% | 46% | -97% | 28% | 29% |
| Net Profit + | -9 | -34 | 36 | -15 | -18 | -9 | 1 | 8 | 7 | 2 | 34 | 20 | 26 |
| EPS in Rs | -1.95 | -7.23 | 7.57 | -3.13 | -3.73 | -1.96 | 0.32 | 1.78 | 1.58 | 0.51 | 7.18 | 4.17 | 5.43 |
Financials of RSWM 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,983 | 2,933 | 2,987 | 2,940 | 2,962 | 2,771 | 2,326 | 3,817 | 3,789 | 4,058 | 4,826 | 4,554 | 4,716 |
| Sales growth | -4% | -2% | +2% | -2% | +1% | -6% | -16% | +64% | -1% | +7% | +19% | -6% | -1% |
| Expenses + | 2,637 | 2,535 | 2,660 | 2,713 | 2,798 | 2,587 | 2,151 | 3,385 | 3,541 | 3,963 | 4,617 | 4,271 | 4,379 |
| Operating Profit | 346 | 398 | 326 | 227 | 164 | 184 | 175 | 432 | 248 | 95 | 209 | 283 | 338 |
| OPM % | 12% | 14% | 11% | 8% | 6% | 7% | 8% | 11% | 7% | 2.3% | 4.3% | 6% | 7% |
| Other Income + | 32 | 30 | 35 | 43 | 32 | 43 | 39 | 38 | 105 | 127 | 34 | 42 | 27 |
| Interest | 125 | 126 | 110 | 117 | 120 | 109 | 83 | 68 | 74 | 97 | 140 | 127 | 126 |
| Depreciation | 135 | 149 | 132 | 124 | 124 | 132 | 128 | 113 | 127 | 153 | 161 | 154 | 154 |
| Profit before tax | 117 | 153 | 118 | 28 | -47 | -13 | 3 | 290 | 152 | -28 | -58 | 44 | 85 |
| Tax % | 27% | 27% | 12% | 25% | -19% | 7% | -499% | 15% | 19% | -26% | -31% | -19% | |
| Net Profit + | 86 | 112 | 104 | 21 | -38 | -13 | 21 | 246 | 123 | -21 | -40 | 52 | 81 |
| EPS in Rs | 23.92 | 31.08 | 28.37 | 5.72 | -10.43 | -3.66 | 5.68 | 67.09 | 26.08 | -4.47 | -8.50 | 11.04 | 17.29 |
| Dividend Payout % | 27% | 26% | 28% | 22% | 0% | 0% | 0% | 24% | 19% | -112% | 0% | 0% |
Financials of RSWM 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 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 23 | 23 | 24 | 24 | 24 | 24 | 24 | 24 | 47 | 47 | 47 | 47 | 47 |
| Reserves | 410 | 601 | 685 | 959 | 827 | 714 | 768 | 1,012 | 1,270 | 1,250 | 1,250 | 1,314 | 1,524 |
| Borrowings + | 1,302 | 1,398 | 1,464 | 1,520 | 1,441 | 1,164 | 926 | 1,103 | 1,157 | 1,890 | 1,716 | 1,688 | 1,770 |
| Other Liabilities + | 305 | 262 | 293 | 293 | 321 | 312 | 351 | 435 | 416 | 506 | 597 | 569 | 688 |
| Total Liabilities | 2,040 | 2,285 | 2,466 | 2,795 | 2,612 | 2,214 | 2,069 | 2,574 | 2,890 | 3,694 | 3,611 | 3,617 | 4,030 |
| Fixed Assets + | 1,035 | 1,100 | 1,175 | 1,099 | 1,150 | 1,027 | 921 | 943 | 1,115 | 1,574 | 1,546 | 1,526 | 1,503 |
| CWIP | 126 | 37 | 15 | 39 | 5 | 7 | 7 | 143 | 183 | 32 | 31 | 68 | 106 |
| Investments | 91 | 180 | 185 | 465 | 325 | 91 | 122 | 126 | 124 | 246 | 283 | 351 | 527 |
| Other Assets + | 788 | 968 | 1,090 | 1,191 | 1,133 | 1,088 | 1,018 | 1,361 | 1,468 | 1,842 | 1,750 | 1,672 | 1,894 |
| Total Assets | 2,040 | 2,285 | 2,466 | 2,795 | 2,612 | 2,214 | 2,069 | 2,574 | 2,890 | 3,694 | 3,611 | 3,617 | 4,030 |
Financials of RSWM 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 + | 438 | 339 | 222 | 166 | 263 | 231 | 320 | 210 | 89 | -76 | 426 | 435 |
| Cash from Investing Activity + | -276 | -124 | -154 | -61 | -58 | 150 | 7 | -318 | -239 | -362 | -113 | -217 |
| Cash from Financing Activity + | -161 | -215 | -68 | -97 | -205 | -390 | -326 | 111 | 147 | 439 | -307 | -222 |
| Net Cash Flow | 0 | 0 | 0 | 8 | -0 | -9 | 1 | 3 | -3 | 1 | 6 | -5 |
| Free Cash Flow | 176 | 208 | 56 | 77 | 157 | 205 | 314 | -119 | -156 | -297 | 304 | 290 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 134% | 92% | 76% | 75% | 164% | 135% | 169% | 55% | 47% | -77% | 208% | 154% |
Financials of RSWM 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 | 24 | 46 | 46 | 54 | 56 | 45 | 59 | 51 | 44 | 58 | 53 | 51 |
| Inventory Days | 81 | 96 | 117 | 113 | 89 | 120 | 126 | 87 | 107 | 113 | 86 | 81 |
| Days Payable | 18 | 11 | 17 | 16 | 21 | 26 | 39 | 28 | 21 | 28 | 41 | 42 |
| Cash Conversion Cycle | 87 | 131 | 146 | 151 | 124 | 139 | 147 | 110 | 129 | 143 | 98 | 89 |
| Working Capital Days | -10 | -6 | -11 | -1 | 1 | 17 | 16 | 27 | 40 | 23 | 3 | 4 |
| ROCE % | 14% | 15% | 11% | 6% | 3% | 4% | 4% | 18% | 8% | -0% | 3% | 6% |
Guidance history
How RSWM Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY27 call → | 10–20% | Flat | Planned | Planned | — |
| Q1 FY27 call → | 0–10% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | Planned | Flat |
| Q3 FY26 call → | 0–10% | Up 2%+ | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
35 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,937 stocks |
|---|---|---|
| Last 12 months | +19.0% | 69% |
| Last 6 months | +26.2% | 75% |
| Last 3 months | −1.2% | 57% |
The price is 43.2% below its all-time high of ₹346.65 (6 May 2022). Stocks more than 20% below their peak have their score halved, so 69 became 35.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,937 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For RSWM Ltd: 0.4 × 69 + 0.4 × 75 + 0.2 × 57 = 69, halved to 35 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 13 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
RSWM: frequently asked questions
What is RSWM share price today?
RSWM last traded at ₹196.73, with a market capitalisation of ₹927 Cr and a P/E ratio of 12.9.
What were RSWM's latest quarterly results?
For the quarter ended Sep 2026, RSWM reported revenue of ₹1,322 Cr (+15% year on year) and net profit of ₹26 Cr, with an operating margin of 8%.
Is RSWM's profit growing?
Net profit was ₹26 Cr in Sep 2026 against ₹7 Cr in Sep 2025, a change of +271%.
What is RSWM's EPS?
RSWM's earnings per share for the quarter ended Sep 2026 was ₹5.43.
What is the promoter holding in RSWM?
Promoters held 55.69% of RSWM in Sep 2026 (unchanged versus Jun 2026).
How much do FIIs and DIIs hold in RSWM?
In Sep 2026, foreign institutional investors held 0.73% and domestic institutions (including mutual funds) held 0.54% of RSWM.
What is RSWM's ROE and ROCE?
RSWM's return on equity is 3.83% and its return on capital employed is 5.62%.
Does RSWM pay a dividend?
RSWM's dividend yield is 0% at the current price; see the RSWM dividends page for past payouts.
Which sector does RSWM belong to?
RSWM is in the Textiles & Apparels sector. Its peer comparison and sector ranking are on this page.
What did RSWM's management say on the latest earnings call?
Arthneeti's analysis of the Q2 FY27 earnings call covers revenue, margins, capex and fundraising guidance from RSWM's management.
How does Arthneeti AI analyse RSWM?
Arthneeti reads RSWM's earnings call transcripts and filings and scores revenue growth, margins, capex and fundraising, then ranks the company against its sector.
Continue your research
What RSWM Ltd's management said in earlier quarters
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