A B Cotspin India Limited (ABCOTS)
₹191.65 -0.35% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, A B's revenue was ₹101 Cr (+51.4% year on year, -3.1% on the previous quarter), and net profit ₹5.1 Cr (+22.2% year on year); the operating margin was 11.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹101 | +51.4% | -3.1% |
| Operating profit | ₹12.0 | +20.4% | +34.2% |
| Net profit | ₹5.1 | +22.2% | +160.5% |
| EPS (₹) | 2.32 | +22.1% | +160.7% |
| Operating margin | 11.9% | — | — |
ABCOTS delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 48.44% of the ABCOTS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 72.36%. That is lower than usual for this stock. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was under a tenth of its average.
Delivery in the last 5 sessions: 65.8% · 86.1% · 90.8% · 45.8% · 48.4%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
A B Cotspin India Limited announced the voting results of its 29th Annual General Meeting held on September 29, 2026. All 8 resolutions were approved by shareholders with near-unanimous majority (100% in favour of polled votes). Approved items include financial statement adoption, re-appointment of director Ramesh Kumar, related-party transactions with Ab Cotton Textiles Pvt Ltd, name change, and approvals under Sections 180(1)(c) and 186 for borrowing limits, investments, and creation of charges.
- All 8 resolutions passed with 100% of valid votes cast in favour (1,69,67,083 votes polled)
- Overall voter turnout stood at 77.25% of total outstanding shares (2,19,63,620 shares)
- Material related-party transaction with Ab Cotton Textiles Private Limited approved by public shareholders (54,58,481 votes in favour)
- Special resolutions approved for company name change and enhanced borrowing/investment limits under Sections 180 and 186
A B Cotspin India Limited announced the voting results of its 29th Annual General Meeting held on September 29, 2026. All 8 resolutions were approved by shareholders with near-unanimous majority (100% in favour of polled votes). Approved items include financial statement adoption, re-appointment of director Ramesh Kumar, related-party transactions with Ab Cotton Textiles Pvt Ltd, name change, and approvals under Sections 180(1)(c) and 186 for borrowing limits, investments, and creation of charges.
- All 8 resolutions passed with 100% of valid votes cast in favour (1,69,67,083 votes polled)
- Overall voter turnout stood at 77.25% of total outstanding shares (2,19,63,620 shares)
- Material related-party transaction with Ab Cotton Textiles Private Limited approved by public shareholders (54,58,481 votes in favour)
- Special resolutions approved for company name change and enhanced borrowing/investment limits under Sections 180 and 186
A B Cotspin India Limited has issued a corrigendum to its 29th AGM notice and FY25-26 Annual Report originally circulated on September 5, 2026. A key correction in Annexure-I relates to proposed related-party transactions, where the value as a percentage of annual consolidated turnover was revised upwards from 28.25% to 39.78%. Other corrections include administrative rectifications such as Board meeting dates, Director/KMP signing dates, registered office address details, and typographical fixes in financial notes.
- AGM Notice Item No. 4 corrected proposed transaction value from 28.25% to 39.78% of consolidated annual turnover
- Board meeting date in Annexure-I corrected from 27 January 2026 to 03 September 2026
- Financial statements signing date and place incorporated as May 27, 2026 and Jaitu
- 29th Annual General Meeting remains scheduled for September 29, 2026 at 12:00 P.M. IST
A B Cotspin India Limited has issued a communication under Regulation 36(1)(b) of SEBI LODR to shareholders whose email addresses are not registered with the company or depositories. The company announced its 29th Annual General Meeting (AGM) scheduled for September 29, 2026, at 12:00 PM IST via Video Conferencing. The cut-off date for voting eligibility has been set for September 22, 2026. The communication also contains instructions for downloading the FY 2025-26 Annual Report and updating physical share KYC details.
- 29th Annual General Meeting scheduled for September 29, 2026, at 12:00 PM IST via Video Conferencing
- Cut-off date for AGM shareholder eligibility fixed as September 22, 2026
- Annual Report for FY 2025-26 made available online with direct web links shared for physical shareholders
- Mandatory KYC updation reminder issued for physical security holders per SEBI circulars
A B Cotspin India Limited has issued the notice for its 29th Annual General Meeting scheduled for September 29, 2026. Key agenda items include shareholder approval for material related party transactions with AB Cotton Textiles Private Limited up to ₹120 Cr (representing ~36% of TTM revenue of ₹333 Cr). Additionally, the company is seeking approval to change its name to 'ABC Industries India Limited' and expand limits for loans and investments under Section 186.
- 29th Annual General Meeting convened for September 29, 2026, via Video Conferencing
- Seeking approval for material Related Party Transactions up to ₹120 Cr with AB Cotton Textiles Private Limited
- Proposal to change company name from 'A B Cotspin India Limited' to 'ABC Industries India Limited'
- E-voting period set from September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM) with cut-off date on September 22, 2026
- Ratification of ₹50,000 remuneration plus taxes for Cost Auditors M/s Jain Sharma & Associates
A B Cotspin India Limited has issued a corrigendum to its September 03, 2026 board meeting outcome regarding its proposed corporate name change to 'ABC Industries India Limited'. The corrigendum clarifies that the Articles of Association (AoA) will also be altered alongside the Memorandum of Association (MoA). The name availability was approved by the Registrar of Companies on August 27, 2026, and the change remains subject to shareholder approval at the ensuing AGM and statutory clearances.
- Clarified alteration of Articles of Association (AoA) alongside MoA for the name change.
- Proposed change of company name from 'A B Cotspin India Limited' to 'ABC Industries India Limited'.
- Registrar of Companies approved name availability vide approval letter dated August 27, 2026.
- Proposed change remains subject to shareholder approval at the ensuing Annual General Meeting.
A B Cotspin India Limited has issued a corrigendum to its board meeting outcome regarding the proposed change in company name to 'ABC Industries India Limited'. The board approved the consequential alterations to its Memorandum of Association (MOA) and Articles of Association (AOA), following name availability approval from the ROC on August 27, 2026. The name change is subject to shareholder approval at the ensuing AGM and regulatory clearances. Additionally, the company re-appointed M/s Jain Sharma & Associates as Cost Auditor for FY 2026-27.
- Proposed change of company name from 'A B Cotspin India Limited' to 'ABC Industries India Limited'
- ROC approval for name availability was received on August 27, 2026
- Board approved consequential amendments to both the Memorandum of Association and Articles of Association
- M/s Jain Sharma & Associates re-appointed as Cost Auditor for FY 2026-27 effective September 3, 2026
A B Cotspin India Limited announced that its Board of Directors has approved the re-appointment of M/s Jain Sharma & Associate (FRN: 000270) as Cost Auditor for FY 2026-27, effective September 3, 2026. Additionally, the Board approved changing the company's name to 'ABC Industries India Limited', subject to shareholder approval at the upcoming Annual General Meeting. The Registrar of Companies approved name availability on August 27, 2026.
- Re-appointed M/s Jain Sharma & Associate (FRN: 000270) as Cost Auditor for FY 2026-27 effective September 3, 2026
- Board approved changing the company name to 'ABC Industries India Limited'
- RoC granted name availability approval on August 27, 2026
- Proposed name change remains subject to shareholder approval at the ensuing AGM
A B Cotspin India Limited's Board of Directors met on September 03, 2026, and approved changing the company's name to 'ABC Industries India Limited', subject to shareholder approval at the upcoming AGM. The Registrar of Companies (RoC) issued its name availability approval on August 27, 2026. Additionally, the Board approved the re-appointment of M/s Jain Sharma & Associate as Cost Auditor for FY 2026-27. These are procedural governance actions with no immediate operational or financial impact.
- Approved company name change from 'AB Cotspin India Limited' to 'ABC Industries India Limited', pending AGM approval
- RoC granted name availability approval vide letter dated August 27, 2026
- Re-appointed M/s Jain Sharma & Associate (FRN: 000270) as Cost Auditor for FY 2026-27 effective September 3, 2026
- Board meeting commenced at 03:00 P.M. and concluded at 04:50 P.M. on September 03, 2026
A B Cotspin India Limited held a Board meeting on September 03, 2026, approving a proposal to change the company name to 'ABC Industries India Limited', subject to shareholder approval at the upcoming AGM. The Registrar of Companies approved name availability on August 27, 2026. Additionally, the Board approved the re-appointment of M/s Jain Sharma & Associate as Cost Auditor for FY 2026-27.
- Proposed change of company name from 'AB Cotspin India Limited' to 'ABC Industries India Limited'
- ROC name availability approval received on August 27, 2026
- Re-appointment of M/s Jain Sharma & Associate (FRN: 000270) as Cost Auditor for FY 2026-27
- Board meeting concluded at 04:50 P.M. on September 03, 2026
A B Cotspin India Limited has secured domestic orders aggregating to approximately ₹10.17 crore for the supply of cotton yarn. The order was received on August 18, 2026, and is scheduled for execution within 2-3 months. This represents approximately 3.1% of TTM revenue (₹333 crore) and aligns with the company's full-year FY27 revenue guidance of ₹350–400 crore. The transaction is with an unrelated domestic entity and is on an arm's length basis.
- Received domestic order worth approximately ₹10.17 crore for cotton yarn supply
- Execution timeline set for 2–3 months from receipt date of August 18, 2026
- Order size represents ~3.1% of TTM revenue of ₹333 crore
- Company reiterated FY27 guidance of ₹350–400 crore revenue and ₹50–60 crore EBITDA
A B Cotspin India Limited submitted revised postal ballot e-voting results and scrutinizer's report for approving material related party transactions with AB Cotton Textiles Private Limited. Since promoters were interested parties, all 1,15,29,842 promoter votes polled were treated as invalid. Among the disinterested public non-institutional category, 48,90,516 votes (representing 46.87% turnout) were polled, with 100% voting in favor of the ordinary resolution. The resolution was formally passed with the requisite majority.
- Material Related Party Transaction with AB Cotton Textiles Private Limited approved with 100% valid votes in favor
- 1,15,29,842 promoter votes excluded/marked invalid as interested parties
- Public non-institutional shareholder turnout stood at 46.87% (48,90,516 votes polled)
- Total voting completed on March 01, 2026, across 1,162 total registered shareholders
A B Cotspin India Limited (ABCOTS) reported a strong start to FY27, with Q1 revenue surging 52.89% YoY to ₹101.98 Cr. While absolute Net Profit grew 20.93% to ₹5.10 Cr, margins faced pressure with Net Profit Margin (NPM) contracting from 6.33% to 5.00%. The company has maintained its ambitious FY27 guidance of ₹350-400 Cr in revenue and ₹50-60 Cr in EBITDA, suggesting confidence in its expansion strategy into Central India.
- Total Revenue grew 52.89% YoY to ₹101.98 Cr in Q1 FY27 from ₹66.70 Cr in Q1 FY26.
- Net Profit increased 20.93% YoY to ₹5.10 Cr, with Diluted EPS rising to ₹2.32.
- PBT Margin contracted by 200 basis points YoY, falling from 8.70% to 6.71%.
- Management reaffirmed FY27 guidance for Total Revenue of ₹350-400 Cr and EBITDA of ₹50-60 Cr.
- Q1 FY27 revenue represents approximately 34.1% of the total TTM revenue of ₹299 Cr.
A B Cotspin India Limited reported a strong start to FY27 with standalone revenue growing 51.4% YoY to ₹100.97 Cr. Net profit for the quarter ended June 30, 2026, reached ₹5.10 Cr, a 21% increase from ₹4.22 Cr in the year-ago period and a significant recovery from ₹1.96 Cr in Q4 FY26. The company also strengthened its leadership by appointing Ms. Nidhi Sharma as Company Secretary and Compliance Officer. Despite the growth, the business remains sensitive to raw cotton price fluctuations and high finance costs of ₹2.78 Cr for the quarter.
- Revenue from operations increased 51.4% YoY to ₹100.97 Cr compared to ₹66.69 Cr in Q1 FY26
- Net profit grew 20.8% YoY to ₹5.10 Cr, representing approximately 39% of the total TTM PAT
- Earnings Per Share (EPS) for the quarter stood at ₹2.32, up from ₹1.93 in the same quarter last year
- Finance costs remained significant at ₹2.78 Cr, reflecting the company's debt levels (D/E of 0.96)
- Ms. Nidhi Sharma (Membership No: A74591) appointed as CS and Compliance Officer effective August 12, 2026
A B Cotspin India Limited reported a strong 51.4% YoY increase in consolidated revenue to ₹100.97 Cr for Q1 FY27, compared to ₹66.69 Cr in Q1 FY26. Despite the top-line growth, consolidated net profit remained nearly flat at ₹4.18 Cr, down slightly from ₹4.22 Cr in the same period last year, indicating significant margin pressure. Sequentially, revenue dipped 3.1% from Q4 FY26, though net profit recovered from the ₹1.96 Cr reported in the previous quarter. The company also appointed Ms. Nidhi Sharma as the new Company Secretary and Compliance Officer.
- Consolidated Revenue from Operations reached ₹100.97 Cr, a 51.4% increase over the ₹66.69 Cr reported in Q1 FY26.
- Consolidated Net Profit stood at ₹4.18 Cr, showing a marginal 0.9% decline compared to ₹4.22 Cr in the year-ago quarter.
- Cost of Materials Consumed was the largest expense at ₹59.99 Cr, representing approximately 59% of total revenue.
- Consolidated Earnings Per Share (EPS) for the quarter was ₹1.91, down from ₹2.21 in Q1 FY25 (based on context) and ₹1.91 in the comparative Q1 FY26 period.
- Ms. Nidhi Sharma appointed as Company Secretary and Compliance Officer effective August 12, 2026.
Financial Performance
Revenue Growth by Segment
The company operates in a single business segment, 'Cotton Ginning', which generated revenue of INR 298.06 Cr in FY 2024-25, representing a growth of 16.54% compared to INR 255.77 Cr in FY 2023-24.
Geographic Revenue Split
While specific percentage splits are not disclosed, the company is headquartered in Jaitu, Punjab, and is actively expanding its procurement and operational footprint into the states of Madhya Pradesh and Maharashtra to leverage regional cotton availability.
Profitability Margins
Net Profit Margin improved to 3.35% in FY 2024-25 from 2.62% in FY 2023-24, a 27.86% YoY improvement. Operating Profit Margin increased from 2.99% to 3.60% (+61 bps) due to better scale and cost management.
EBITDA Margin
EBITDA stood at INR 32.64 Cr in FY 2024-25, a growth of 18.10% YoY from INR 27.64 Cr. The calculated EBITDA margin is approximately 10.95%, reflecting improved operational efficiency despite sluggish demand in the broader textile industry.
Capital Expenditure
The company is planning expansion into Madhya Pradesh and Maharashtra funded through bank finance, internal accruals, and government incentives; however, the exact INR Cr value for planned capex is not disclosed in the available documents.
Credit Rating & Borrowing
The company maintains a 'Stable' outlook from IVR (Infomerics). Borrowing costs are reflected in a finance cost of INR 10.40 Cr for FY 2024-25, which increased 11.28% YoY to support a total debt-to-equity ratio of 1.5x.
Operational Drivers
Raw Materials
The primary raw material is Raw Cotton, which is processed through ginning. While the exact percentage of total cost is not specified, 'Cost of Material Consumed' is the largest expense component in the textile ginning process.
Import Sources
Raw materials are sourced domestically from major cotton-producing states including Punjab, Madhya Pradesh, and Maharashtra to ensure easy availability and reduced logistics costs.
Key Suppliers
Specific supplier names are not disclosed, but the company relies on a fragmented network of local farmers and traders within the textile hubs of North and Central India.
Capacity Expansion
The company is expanding operations into Madhya Pradesh and Maharashtra. Current capacity is not specified in MT, but rating sensitivities indicate a target to scale Total Operating Income (TOI) beyond INR 400 Cr.
Raw Material Costs
Profitability is highly susceptible to volatile raw cotton prices. The company manages this through a procurement strategy focused on 'location advantage' in textile hubs to minimize transit costs and ensure steady supply.
Manufacturing Efficiency
The company achieved a Profit Before Tax (PBT) of INR 13.45 Cr in FY 2024-25, a 59.26% increase YoY, indicating significant improvements in manufacturing throughput and cost absorption.
Logistics & Distribution
Distribution costs are managed by maintaining a diversified clientele across various regions, though specific logistics costs as a percentage of revenue are not provided.
Strategic Growth
Expected Growth Rate
34%
Growth Strategy
The company aims to achieve a Total Operating Income exceeding INR 400 Cr by expanding its footprint into Madhya Pradesh and Maharashtra, diversifying its product profile within the cotton ginning and netting business, and leveraging government incentives for textile expansion.
Products & Services
The company provides Cotton Ginning services and produces ginned cotton and netting products for the textile industry.
Brand Portfolio
ABCOTS (AB Cotspin India Limited).
New Products/Services
The company is focusing on the 'Cotton Ginning and Netting' business as its primary reportable segment with ongoing efforts in product diversification.
Market Expansion
Targeting geographic expansion into Central India (MP and Maharashtra) to secure raw material supply and reach new textile manufacturing clusters.
Market Share & Ranking
Not disclosed, but the industry is described as 'highly fragmented and competitive'.
External Factors
Industry Trends
The textile industry is currently facing sluggish demand for yarn. However, the industry is evolving toward higher sustainability practices and environmental regulation compliance, which the company is proactively adopting.
Competitive Landscape
The industry is characterized by high fragmentation and cyclicality, with competition from both organized and unorganized players in the cotton ginning sector.
Competitive Moat
The company's moat is built on 'experienced promoters' (led by Sh. Deepak Garg), a 'long track record of operations', and 'location advantage' in textile hubs. These are sustainable but partially offset by the fragmented industry structure.
Macro Economic Sensitivity
The business is highly sensitive to climatic conditions affecting cotton crop yields and global demand for yarn, which influences the scale of ginning operations.
Consumer Behavior
Demand is driven by the global textile value chain; shifts toward sustainable and traceable cotton are emerging as key consumer trends.
Geopolitical Risks
Geopolitical uncertainties are noted as a complexity that could add to industry risks, particularly affecting the export of textile products.
Regulatory & Governance
Industry Regulations
Operations are subject to the Companies Act 2013, Ind AS accounting standards, and specific textile industry regulations. The company maintains cost records as prescribed under Section 148(1) of the Act.
Environmental Compliance
The company acknowledges evolving environmental regulations as an industry complexity and is prioritizing sustainability practices, though specific ESG costs are not disclosed.
Taxation Policy Impact
Total Tax Expenses for FY 2024-25 were INR 3.46 Cr (calculated as PBT of 13.45 Cr minus PAT of 9.99 Cr), representing an effective tax rate of approximately 25.7%.
Legal Contingencies
The company has disclosed pending litigations in Note 49 of its financial statements that would impact its financial position; however, the specific case values in INR are not provided in the summary.
Risk Analysis
Key Uncertainties
Key risks include raw material price volatility (impacts margins by ~50-100 bps) and climatic risks affecting cotton supply.
Geographic Concentration Risk
Operations are currently concentrated in the Punjab textile hub, with a strategic move to reduce this by expanding into MP and Maharashtra.
Third Party Dependencies
High dependency on the agricultural sector for raw cotton supply and bank finance for expansion projects.
Technology Obsolescence Risk
The auditor noted that the 'audit trail (edit log) facility' in the accounting software was not operated throughout the year, indicating a need for digital governance upgrades.
Credit & Counterparty Risk
Debtors Turnover Ratio slowed from 9.91x to 6.23x (-37.13%), indicating a potential increase in credit risk or longer payment cycles from customers.
