📈 Live Market Tracking
AI-Powered NSE Corporate Announcements Analysis
Pashupati Cotspin Announces 1:10 Stock Split; Face Value to Reduce from ₹10 to ₹1
Pashupati Cotspin Limited has issued a postal ballot notice to seek shareholder approval for a 1:10 stock split. The proposal involves sub-dividing each equity share of face value ₹10 into ten equity shares of face value ₹1 each to improve liquidity and retail participation. The voting period for this resolution is scheduled from February 28 to March 29, 2026, with results expected by March 31, 2026. The total authorized share capital will remain at ₹16 crore, but the number of shares will increase tenfold.
Key Highlights
Proposed sub-division of equity shares from a face value of ₹10 to ₹1 per share.
Total authorized share capital of ₹16,00,00,000 to be divided into 16,00,00,000 shares.
Paid-up capital of ₹15,78,40,000 will consist of 15,78,40,000 shares post-split.
Remote e-voting period runs from February 28, 2026, to March 29, 2026.
Cut-off date for eligibility to vote was February 20, 2026.
💼 Action for Investors
Investors should monitor the announcement of the Record Date following shareholder approval to understand when the split will reflect in their portfolios. The split is likely to increase trading liquidity and make the stock more accessible to retail investors.
Pashupati Cotspin Approves 1:10 Stock Split to Boost Liquidity
Pashupati Cotspin's Board of Directors has approved a sub-division of its equity shares from a face value of Rs. 10 to Re. 1 per share. This 1:10 split is intended to make the shares more affordable for retail investors and enhance market liquidity. The total paid-up share capital remains unchanged at Rs. 15.78 crore, while the number of shares will increase tenfold to 15.78 crore. The company expects to complete the process within 2 to 2.5 months, pending shareholder and regulatory approvals.
Key Highlights
Approved sub-division of 1 equity share of Rs. 10 into 10 equity shares of Re. 1 each
Total issued and paid-up shares to increase from 1,57,84,000 to 15,78,40,000
Total paid-up share capital remains constant at Rs. 15,78,40,000
The split is expected to be completed within a tentative timeline of 2 to 2.5 months
Rationale is to enhance market liquidity and broaden shareholder participation
💼 Action for Investors
Investors should monitor the announcement of the record date to ensure eligibility for the additional shares. While the split increases the number of shares held, the total investment value remains unchanged as the share price will adjust proportionally.
Pashupati Cotspin Approves 1:10 Stock Split to Boost Liquidity
Pashupati Cotspin's Board has approved a sub-division of its equity shares from a face value of Rs. 10 to Re. 1 per share, effectively a 1:10 split. This corporate action will increase the total number of issued shares from 1,57,84,000 to 15,78,40,000 while keeping the total paid-up capital constant at Rs. 15.78 crore. The move is intended to make the shares more affordable for retail investors and enhance market liquidity. The process is expected to be completed within 2 to 2.5 months, pending shareholder approval via postal ballot.
Key Highlights
Stock split ratio of 1:10, reducing face value from Rs. 10 to Re. 1 per share
Total number of issued and paid-up shares to increase from 1.57 crore to 15.78 crore
Authorized share capital to be restructured to 16,00,00,000 shares of Re. 1 each
Expected completion timeline of 2 to 2.5 months from the date of approvals
Primary objective is to enhance market liquidity and broaden the shareholder base
💼 Action for Investors
Investors should recognize that a stock split does not change the company's valuation or their proportional ownership, but it may improve trading volumes. Monitor for the announcement of the record date following shareholder approval.
Pashupati Cotspin Q3 PAT Jumps 238% YoY to ₹2.69 Cr Despite Revenue Dip
Pashupati Cotspin reported a standalone Profit After Tax (PAT) of ₹269.12 Lakhs for Q3 FY26, a significant increase from ₹79.61 Lakhs in the same quarter last year. However, revenue from operations declined by 10.2% YoY to ₹14,768.57 Lakhs. On a nine-month basis, PAT grew to ₹876.57 Lakhs compared to ₹691.79 Lakhs in the previous year, showing improved margins. The company noted that its cotton ginning business is seasonal, typically peaking between October and April, making sequential comparisons less relevant.
Key Highlights
Net Profit for Q3 FY26 surged 238% YoY to ₹2.69 Crore from ₹0.80 Crore in Q3 FY25.
Revenue from operations for the quarter stood at ₹147.69 Crore, down from ₹164.54 Crore YoY.
Nine-month (9M FY26) PAT increased to ₹8.77 Crore against ₹6.92 Crore in 9M FY25.
Total expenses for Q3 FY26 decreased significantly to ₹147.74 Crore compared to ₹165.93 Crore in Q3 FY25.
Basic EPS for the quarter improved to ₹1.71 from ₹0.51 in the corresponding previous quarter.
💼 Action for Investors
The significant improvement in bottom-line margins despite lower revenue suggests better operational efficiency or favorable raw material pricing. Investors should monitor the seasonal performance in Q4, which is typically a peak period for the ginning business, to see if this margin expansion is sustainable.
Pashupati Cotspin Q3 Net Profit Surges 238% YoY to ₹2.69 Crore
Pashupati Cotspin reported a significant 238% year-on-year increase in net profit to ₹269.12 lakhs for the quarter ended December 31, 2025, despite a 10.2% dip in revenue from operations to ₹14,768.57 lakhs. The company's profitability improved substantially due to better cost management, with finance costs reducing by 38% YoY to ₹223.41 lakhs. For the nine-month period, net profit rose 26.7% to ₹876.57 lakhs compared to the previous year. The company recently migrated to the main board of NSE and BSE in July 2025 and is now reporting under Ind AS standards.
Key Highlights
Net profit for Q3 FY26 jumped 238% YoY to ₹269.12 lakhs from ₹79.61 lakhs in the previous year.
Revenue from operations decreased by 10.2% YoY to ₹14,768.57 lakhs compared to ₹16,453.95 lakhs.
Finance costs saw a sharp decline of 38% YoY, falling to ₹223.41 lakhs from ₹360.01 lakhs.
Nine-month net profit reached ₹876.57 lakhs, up from ₹691.79 lakhs in the corresponding period of the previous year.
The company successfully migrated from the SME platform to the Main Board of NSE and BSE on July 17, 2025.
💼 Action for Investors
Investors should focus on the company's improved margins and significant reduction in interest expenses, which are driving bottom-line growth despite flat revenue. Monitor the upcoming peak seasonal performance as the cotton ginning business typically accelerates between October and April.
Pashupati Cotspin Credit Rating Upgraded to IVR BBB-/Stable for Rs 125.92 Cr Bank Facilities
Infomerics has upgraded Pashupati Cotspin's long-term credit rating to IVR BBB-/Stable and short-term rating to IVR A3. The upgrade is primarily driven by a significant improvement in the company's capital structure, with the overall gearing ratio dropping from 2.56x in FY24 to 0.85x in FY25. While FY25 revenue saw a marginal decline of 2.14% to Rs 646.96 crore, the PAT margin improved from 1.24% to 1.98%. The company maintains adequate liquidity with gross cash accruals of Rs 26 crore against debt repayments of Rs 23.22 crore.
Key Highlights
Long-term rating upgraded to IVR BBB-/Stable from IVR BB+/Stable for facilities worth Rs 114.92 crore.
Overall gearing ratio improved significantly to 0.85x in FY25 from 2.56x in FY24 due to reduced debt reliance.
PAT margin increased to 1.98% in FY25 from 1.24% in FY24, despite a slight dip in total operating income.
H1FY26 provisional revenue reported at Rs 347.93 crore with a PAT of Rs 6.07 crore.
Tangible Net Worth strengthened to Rs 119.93 crore as of March 31, 2025, compared to Rs 76.39 crore in the previous year.
💼 Action for Investors
The credit upgrade signals a stronger balance sheet and reduced financial risk, which is a positive development for long-term investors. Monitor the company's ability to maintain these improved margins and manage working capital in the cyclical textile industry.