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KG Denim Ltd (500239)

📊 BSE: 500239 🏢 Other Textile Products 📢 Latest filing: 14 Aug 2026

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, KG Denim's revenue was ₹11.7 Cr (+60.9% year on year, +37.2% on the previous quarter), and net profit ₹5.6 Cr (against a loss a year earlier); the operating margin was -2.2%.

Q4 FY26 (₹ Cr)	Value	YoY vs Q4 FY25	QoQ
Revenue	₹11.7	+60.9%	+37.2%
Operating profit	₹-0.3	loss narrowed	to loss
Net profit	₹5.6	from loss	from loss
EPS (₹)	1.99	from loss	from loss
Operating margin	-2.2%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Q1 PAT at ₹9.06 Cr Aided by ₹22.50 Cr Asset Sale; Core Operations Constrained

🔵 WATCH ⭐ 6/10

EARNINGS 📅 14 Aug 2026, 08:51 PM

KG Denim reported a standalone Net Profit of ₹9.06 Cr for Q1 FY27, turning around from a loss of ₹3.25 Cr in Q1 FY26. However, profitability was entirely driven by exceptional other income from the sale of non-core assets amounting to ₹22.50 Cr, while core revenue from operations plunged to ₹2.12 Cr from ₹13.30 Cr YoY. Statutory auditors highlighted a material uncertainty regarding the company's ability to continue as a going concern due to severe working capital constraints and pending NCLT creditor claims of ₹2.61 Cr.

Net Profit stood at ₹9.06 Cr (Rs 906.17 lakh) vs a net loss of ₹3.25 Cr in the prior year quarter.
Reported other income includes a ₹22.50 Cr (Rs 2250.03 lakh) gain from the sale of non-core assets.
Operational revenue fell sharply to ₹2.12 Cr (Rs 211.51 lakh) from ₹13.30 Cr in Q1 FY26.
Auditor raised an Emphasis of Matter regarding going concern and active settlement of ₹2.61 Cr claims before the NCLT.

💡 Track the execution of the ₹2.61 Cr NCLT settlement schedule and monitor whether the company successfully secures working capital to resume normal manufacturing operations.

KG Denim Board Meeting on Aug 14 to Approve Q1 FY27 Results and Director Re-appointment

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 06 Aug 2026, 11:42 AM

KG Denim Ltd has scheduled a board meeting for August 14, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board will also consider the re-appointment of Mr. Jaganmohan Ramachandran as an Independent Director for a three-year term starting February 14, 2027. The company is currently in a precarious financial position with a negative net worth of Rs -10 Cr and a high debt load of Rs 264 Cr, which is significantly higher than its Rs 3 Cr market capitalization. Investors should monitor the upcoming results for signs of operational stability given the TTM revenue of Rs 42 Cr.

Board meeting scheduled for 14.08.2026 to approve Q1 FY27 financial results.
Proposed re-appointment of Independent Director Jaganmohan Ramachandran for a 3-year term starting 14.02.2027.
Trading window for designated persons remains closed until 16.08.2026.
Company carries a heavy debt of Rs 264 Cr against a small market cap of Rs 3 Cr.
Net worth remains negative at Rs -10 Cr as per latest available financial context.

💡 Watch for the Q1 FY27 results on August 14 to see if the company can maintain the profitability seen in the March 2026 quarter (PAT Rs 5.61 Cr) to address its negative net worth.

KG Denim Announces Leadership Transition; Chairman Moves to Non-Executive Role

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 04 Aug 2026, 07:01 PM

KG Denim has announced that Mr. K.G. Baalakrishnan will transition from Executive Chairman to Non-Executive Chairman effective August 4, 2026. The board also approved the re-appointment of Mr. B Sriramulu as Managing Director and Mr. R. Selvakumar as Whole-time Director, both for three-year terms starting in late 2026. These leadership moves occur as the company manages significant financial distress, including a debt of Rs 264 Cr and a negative net worth of Rs 10 Cr. The re-appointments are subject to shareholder approval at the upcoming Annual General Meeting.

Mr. K.G. Baalakrishnan transitions to Non-Executive Chairman effective August 4, 2026
Mr. B Sriramulu re-appointed as Managing Director for a 3-year term starting November 3, 2026
Mr. R. Selvakumar re-appointed as Whole-time Director for a 3-year term starting August 7, 2026
Company carries a high debt of Rs 264 Cr against a TTM revenue of only Rs 42 Cr

💡 Monitor the upcoming Annual General Meeting for shareholder approval of these appointments and look for any management commentary regarding debt restructuring or a business turnaround.

Board Meeting on Aug 4 to Re-appoint Chairman, MD, and WTD for 3-Year Terms

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 25 Jul 2026, 05:34 PM

KG Denim Ltd has scheduled a board meeting for August 4, 2026, to approve the re-appointment of its top leadership. The proposal includes three-year extensions for Shri KG Baalakrishnan (Executive Chairman), Shri B Sriramulu (Managing Director), and Shri R Selvakumar (Whole-time Director). This leadership continuity comes as the company navigates severe financial distress, characterized by a negative net worth of ₹10 Cr and a massive debt of ₹264 Cr against a market capitalization of only ₹3 Cr.

Board meeting scheduled for 04/08/2026 to consider leadership re-appointments.
Executive Chairman KG Baalakrishnan proposed for a 3-year term starting 03.11.2026.
Managing Director B Sriramulu proposed for a 3-year term starting 03.11.2026.
Whole-time Director R Selvakumar proposed for a 3-year term starting 07.08.2026.
Company maintains a high debt-to-equity concern with ₹264 Cr in debt and ₹-10 Cr net worth.

💡 Investors should monitor the outcome of the board meeting and subsequent shareholder approval for these re-appointments. The primary focus remains on the company's ability to address its negative net worth and high debt levels.

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