Aastha Spintex Limited is engaged in the manufacturing and trading of carded, combed, and compact combed cotton yarns, as well as cotton bales. Its cotton bales are utilized both for captive production of cotton yarns and for supply to other spinning units. The cotton yarns produced are suitable for both knitting and weaving applications, serving a wide range of end-use segments and products including denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics. The company operates a semi-automated and integrated spinning and ginning manufacturing facility located in Halvad, Morbi, Gujarat. It specializes in the production of 100% cotton yarns in counts ranging from Ne 26 to Ne 40, encompassing carded, combed, and combed compact varieties. Operating exclusively within the business-to-business (B2B) segment,
Weak fundamentals and premium/expensive valuation
Aastha Spintex Limited is engaged in the manufacturing and trading of carded, combed, and compact combed cotton yarns, with a semi-automated and integrated spinning and ginning manufacturing facility located in Halvad, Morbi, Gujarat.
The company's financials show revenue growth and improving EBITDA margins, but high debt-equity ratio is a concern.
Some data points, such as anchor investor data and objects of the issue, are missing or not available, which could impact the analysis.
+3.7%
Overall demand
Retail Queue
Institutional Queue
Non-Institutional
Subscribed
Aastha Spintex Limited is engaged in the manufacturing and trading of carded, combed, and compact combed cotton yarns, as well as cotton bales. Its cotton bales are utilized both for captive production of cotton yarns and for supply to other spinning units. The cotton yarns produced are suitable for both knitting and weaving applications, serving a wide range of end-use segments and products including denim, terry towels, shirting, sheeting, sweaters, socks, bottom wear, home textiles, and industrial fabrics. The company operates a semi-automated and integrated spinning and ginning manufacturing facility located in Halvad, Morbi, Gujarat. It specializes in the production of 100% cotton yarns in counts ranging from Ne 26 to Ne 40, encompassing carded, combed, and combed compact varieties. Operating exclusively within the business-to-business (B2B) segment,
Textiles - Fabrics
High growth industry driven by energy transition and carbon mitigation.
Promoters group
Promoter Group holds 72.21% of pre-issue capital.
| Financial Year | Revenue (₹ Cr) | EBITDA Margin (%) | PAT (₹ Cr) | ROCE (%) | ROE (%) | Debt / Equity (x) |
|---|---|---|---|---|---|---|
| FY23 | ₹239.27 Cr | 4.85% | ₹1.06 Cr | 4.58% | 1.77% | 1.35x |
| FY24 | ₹304.86 Cr | 11.23% | ₹16.29 Cr | 18.95% | 21.33% | 1.08x |
| FY25 | ₹351.16 Cr | 13.37% | ₹23.50 Cr | 19.12% | 19.32% | 0.78x |
| Company | P/E (x) | ROE (%) | Revenue CAGR (3Y) | EBITDA Margin (%) | Market Cap (₹ Cr) |
|---|---|---|---|---|---|
| Aastha Spintex (IPO) | 16x | 19.32% | 15.2% | 13.4% | -- |
| Borana Weaves | 1.47x | -- | -- | -- | ₹423.225 Cr |
| K.P.R. Mill | 11.82x | -- | -- | -- | ₹722.43 Cr |
| Sanathan Textiles | 13.53x | -- | -- | -- | ₹4,686.6 Cr |
Subscription Trend (Times)
GMP Trend (₹)
Ideal for investors who:
