Deepak Spinners Ltd (514030)
Q2 FY27 results
📅 Next results: 30 Oct 2026 (board meeting)Deepak Spinners Ltd's board meets on 30 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q4 FY26, Deepak Spinners' revenue was ₹121 Cr (-0.6% year on year, -10.7% on the previous quarter), and net profit ₹2.5 Cr (against a loss a year earlier); the operating margin was 5.5%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹121 | -0.6% | -10.7% |
| Operating profit | ₹6.7 | — | -1.5% |
| Net profit | ₹2.5 | from loss | -12.1% |
| EPS (₹) | 3.44 | from loss | -12.0% |
| Operating margin | 5.5% | — | — |
📢 Recent Corporate Announcements
ICRA Limited has reaffirmed Deepak Spinners Limited's credit rating for bank facilities totaling Rs 79.10 crore while revising the outlook to 'Stable' from 'Negative'. The long-term facilities of Rs 60.00 crore cash credit and Rs 2.00 crore bank guarantee were reaffirmed at [ICRA]A- (Stable). Short-term interchangeable facilities of Rs 15.04 crore and Rs 1.00 crore non-fund based limits were reaffirmed at [ICRA]A2+. The revision to a Stable outlook reflects reduced near-term credit risks across its rated debt facilities.
- Total bank limits rated by ICRA stand at Rs 79.10 crore
- Long-term rating reaffirmed at [ICRA]A- with outlook revised from Negative to Stable
- Short-term bank facilities reaffirmed at [ICRA]A2+
- Includes Rs 60.00 crore in long-term fund-based cash credit limits
- Rating action decided on September 22, 2026, and communicated on September 29, 2026
Shareholders of Deepak Spinners Limited have approved the re-appointment of Shri Yashwant Kumar Daga as Chairman and Managing Director at the 44th AGM on August 13, 2026. The re-appointment is effective from December 23, 2026, for a tenure of five consecutive years without any remuneration. The move ensures leadership continuity for the textile company, which generated TTM revenue of ₹534 crore and PAT of ₹4 crore.
- Shareholders approved re-appointment of Shri Yashwant Kumar Daga as Chairman and Managing Director at the 44th AGM on 13th August 2026.
- Tenure spans 5 consecutive years with effect from 23rd December 2026.
- Re-appointment is without any remuneration.
- The intimation follows the scrutinizer's report post the AGM.
Deepak Spinners Limited held its 44th Annual General Meeting (AGM) on August 13, 2026. Shareholders voted on the re-appointment of Shri Yashwant Kumar Daga as Chairman and Managing Director, effective December 23, 2026, ensuring leadership continuity. The company also adopted its FY26 financial statements, which reported a recovery to a net profit of ₹4.0 Cr compared to a ₹10.0 Cr loss in FY25. Despite the turnaround, the company operates on thin margins with a TTM OPM of 3.8% and a low ROCE of 3.0%.
- 44th Annual General Meeting concluded on August 13, 2026, after a 39-minute session.
- Special resolution proposed for the re-appointment of Shri Yashwant Kumar Daga as CMD starting December 23, 2026.
- Adoption of FY26 Audited Financial Statements showing revenue of ₹534 Cr.
- Ratification of remuneration for Cost Auditors was placed as an ordinary resolution.
- Promoter holding remains stable at 46.4% as of June 2026.
Deepak Spinners Limited has approved its unaudited standalone financial results for the quarter ended June 30, 2026. The company enters the new fiscal year with a TTM revenue of 534 Cr and a thin TTM PAT of 4 Cr. While the specific quarterly P&L figures were not detailed in the cover letter, the company maintains a low debt-to-equity ratio of 0.13. Investors should note the stock trades at a significant discount to book value with a P/B of 0.4, reflecting its historically low ROCE of 3.0%.
- Board meeting for result approval concluded at 5.45 p.m. on August 6, 2026
- Financial results pertain to the first quarter ended June 30, 2026
- Promoter holding marginally increased to 46.39% in June 2026 from 45.98% in March 2026
- Company reported a TTM revenue of 534 Cr against a market capitalization of 101 Cr
Deepak Spinners reported a financial turnaround in FY26, posting a Total Comprehensive Income of ₹4.27 Cr compared to a loss of ₹9.97 Cr in FY25. Despite the recovery, the Board skipped dividends to prioritize financial stability and future growth. Operationally, the company is focusing on cost-cutting through green energy, having completed a full year of its 4 MW solar plant at Guna and installing a new 2.976 MW solar plant at Baddi in FY27. However, the report notes a 'Negative' credit outlook and the resignation of a director due to internal differences of opinion.
- Turnaround to a Total Comprehensive Income of ₹4.27 Cr in FY26 from a loss of ₹9.97 Cr in FY25
- Installation of a 2.976 MW solar power plant at the Baddi unit in FY27 to mitigate rising state electricity tariffs
- Credit rating maintained at [ICRA]A- with a 'Negative' outlook as of September 23, 2025
- Resignation of Director Shri Shantanu Daga on September 14, 2025, citing differences of opinion with leadership
- Zero dividend recommended for FY26 to conserve capital for growth plans
Deepak Spinners Limited has scheduled its 44th Annual General Meeting (AGM) for August 13, 2026, to be held via video conferencing. A key agenda item is the re-appointment of Shri Yashwant Kumar Daga as Chairman and Managing Director for a five-year term effective December 23, 2026. The company is also seeking approval for the FY27 cost auditor remuneration of Rs. 75,000. This meeting follows a fiscal year where the company reported a TTM PAT of Rs 4 Cr, recovering from a Rs 10 Cr loss in FY25.
- 44th Annual General Meeting scheduled for August 13, 2026, at 4:00 PM IST
- Proposed re-appointment of Yashwant Kumar Daga as CMD for a 5-year term starting December 23, 2026
- Remuneration of Rs. 75,000 proposed for Cost Auditors M/s. Shakti K. & Associates for FY27
- Register of Members and Share Transfer books to remain closed from August 7 to August 13, 2026
- Company reported TTM revenue of Rs 534 Cr with a low OPM of 3.8%
Deepak Spinners has scheduled a board meeting for August 6, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. This is a routine regulatory filing under SEBI Listing Regulations. The trading window for the company's equity shares has been closed since July 1, 2026, and will remain closed until 48 hours after the results are declared. Investors should look for performance trends in the textile sector when the results are released.
- Board meeting scheduled for August 6, 2026, to approve Q1 results
- Financial results pertain to the quarter ended June 30, 2026
- Trading window closed from July 1, 2026, as per the June 26 communication
- Trading window to reopen 48 hours after the results announcement
Deepak Spinners Limited has scheduled its Annual General Meeting (AGM) and announced the corresponding book closure dates. The Share Transfer Books and Register of Members will be closed from August 7, 2026, to August 13, 2026. Shareholders holding shares as of the cut-off date, August 6, 2026, will be eligible to vote on resolutions presented at the AGM. This is a standard regulatory filing required under SEBI (LODR) Regulations.
- Book closure period set for 7 days from August 7, 2026, to August 13, 2026
- Cut-off date for determining voting rights is August 6, 2026
- Filing submitted in compliance with Regulation 42 of SEBI (LODR) Regulations, 2015
Financial Performance
Financial analysis data not yet available for this company.
Operational Drivers
Operational analysis data not yet available for this company.
Strategic Growth
Strategic growth analysis not yet available for this company.
External Factors
External factors analysis not yet available for this company.
Regulatory & Governance
Regulatory analysis not yet available for this company.
Risk Analysis
Risk analysis not yet available for this company.
