🔍

Alok Industries Limited (ALOKINDS)

₹8.50 -0.35% last close, 16 Oct

📊 NSE: ALOKINDS 🏢 Textiles - Processing 📢 Latest filing: 15 Oct 2026 📝 Analysis written: 13 Dec 2025

Q2 FY27 results

Alok Industries Limited reported Q2 FY27 results on 15 Oct 2026: revenue ₹1,078 Cr (+14.5% year on year, +8.5% on the previous quarter), and net profit ₹-208 Cr (a bigger loss than a year earlier); the operating margin was 3.8%.

Q2 FY27 (₹ Cr)	Value	YoY vs Q2 FY26	QoQ
Revenue	₹1,078	+14.5%	+8.5%
Operating profit	₹41.3	+932.2%	-28.0%
Net profit	₹-208	loss widened	loss widened
EPS (₹)	-0.42	loss widened	loss widened
Operating margin	3.8%	—	—

Full quarterly financials → Margins & quality of profit → All Q2 FY27 results → Results calendar →

ALOKINDS delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 34.74% of the ALOKINDS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 38.85%. That is close to its usual level. It closed at a price band (circuit) on 1 session in about the last 20.

34.74%Delivery, 16 Oct

38.85%Own 20-session average

0.6×Volume vs its average

₹8.50NSE close · -0.35%

Delivery in the last 5 sessions: 24.3% · 25.6% · 32.0% · 33.8% · 34.7%

Delivery across the market →Circuit stocks →

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

Alok Industries Reports Q2 Loss of ₹145.37 Cr; H1 Accumulated Losses Reach ₹23,929.78 Cr

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 15 Oct 2026, 05:34 PM

Alok Industries announced its financial results for the quarter and half-year ended September 30, 2026. The standalone net loss for Q2 stood at ₹145.37 crore, taking H1 net losses to ₹281.57 crore, while accumulated losses reached ₹23,929.78 crore. Standalone EBITDA was ₹68.74 crore for Q2 and ₹145.51 crore for H1 FY27. Results included an exceptional gain of ₹26.46 crore received as the final insurance claim settlement for tornado damage at its Silvassa plant.

Standalone net loss stood at ₹145.37 crore for Q2 and ₹281.57 crore for H1 FY27
Standalone EBITDA came in at ₹68.74 crore for Q2 and ₹145.51 crore for the half-year
Accumulated losses stood at ₹23,929.78 crore as of September 30, 2026
Received final insurance claim proceeds of ₹26.46 crore in Q2 (total ₹43.66 crore in H1) recognized as exceptional gain
Outstanding debt assigned to Resolution Applicants without interest for 8 years stands at ₹17,384.02 crore

💡 Track operating margin trajectory and cash generation relative to financing costs, as well as operational restructuring progress at the Silvassa facility in subsequent quarterly releases.

Alok Industries Completes Sale of 100% Stake in Mileta a.s.

🟡 NEUTRAL ⭐ 6/10

M&A 📅 09 Oct 2026, 11:33 PM

Alok Industries Limited announced that its step-down wholly owned subsidiary, Alok Industries International Limited, completed the sale of its 100% equity stake in Mileta a.s. on October 9, 2026. Consequently, Mileta a.s. has ceased to be a subsidiary of the company. The initial intimation was made on December 16, 2025, but financial transaction values and consideration proceeds were not disclosed in this filing. The divestment comes as Alok Industries grapples with high debt of ₹24,431 crore and a negative net worth of ₹19,675 crore.

Sale of 100% equity stake in Mileta a.s. completed on October 9, 2026
Mileta a.s. ceases to be a subsidiary of Alok Industries
Divestment executed by step-down wholly owned subsidiary Alok Industries International Limited
Financial deal consideration and valuation were not disclosed in the filing

💡 Track upcoming quarterly financial results (Q2/Q3 FY27) to identify the cash proceeds, realized gain or loss from the divestment, and any debt reduction impact.

Alok Industries Submits Q2 FY27 Dematerialisation Compliance Certificate Under Regulation 74(5)

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 08 Oct 2026, 01:13 PM

Alok Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued on October 03, 2026 by Registrar and Transfer Agent MUFG Intime India Private Limited. It confirms that all securities received for dematerialisation during the quarter were processed, verified, and listed on the exchanges within prescribed timelines. This is a standard quarterly administrative filing with no financial or operational impact.

Compliance certificate pertains to the quarter ended September 30, 2026
Issued by RTA MUFG Intime India Private Limited dated October 03, 2026
Confirms securities dematerialised were duly listed on stock exchanges
Certificates received were confirmed/rejected and mutilated within regulatory timelines

💡 This is a routine administrative compliance report requiring no investor action; track upcoming Q2 financial results for fundamental performance.

Alok Industries Clarifies on Volume Movement: No Undisclosed Material Information

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 28 Aug 2026, 12:40 PM

Alok Industries responded on August 28, 2026, to an NSE query dated August 27, 2026, regarding a significant increase in trading volume. The company confirmed that all required disclosures under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been made. Management stated there is no undisclosed material or price-sensitive information pending announcement. The clarification indicates that the trading volume surge is market-driven rather than tied to unannounced corporate events.

Response submitted on August 28, 2026, to NSE query dated August 27, 2026
Company confirmed compliance with all SEBI LODR disclosure norms
No undisclosed price-sensitive information or unannounced material events exist

💡 Track standard company filings and quarterly financial results for operational updates, as management has confirmed no unannounced material developments.

Alok Industries Shareholders Approve FY26 Financials and Key Appointments at 39th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Jul 2026, 06:42 PM

Alok Industries' shareholders have approved all five resolutions presented at the 39th AGM held on July 24, 2026. Key approvals include the adoption of FY26 financial statements and the appointment of Shri Rajbir Saini as Manager. Despite the company's severe financial stress, including a TTM loss of ‹744 Cr and a negative net worth of ‹19,675 Cr, the resolutions passed with requisite majorities. Notably, institutional investors showed significant dissent (89.07% against) regarding the continuation of a director over 75 years of age, though the resolution passed due to promoter support.

All 5 resolutions passed with requisite majority at the AGM held on July 24, 2026
Resolution 3 (Director >75 years) faced 89.07% opposition from institutional voters but passed overall
Total votes polled represented 76.51% of the total 496.52 crore outstanding shares
Shareholders ratified the appointment and remuneration of Shri Rajbir Saini as Manager
The company continues to operate with a massive debt of ‹24,431 Cr as per latest financial context

💡 Investors should focus on the upcoming quarterly results to see if the 'job work' model is improving margins, as the AGM results are purely procedural and do not change the company's stressed financial position.

Alok Industries Shareholders Approve FY26 Financials and Key Management Appointments at 39th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Jul 2026, 06:17 PM

Alok Industries concluded its 39th Annual General Meeting on July 24, 2026, where shareholders approved all five proposed resolutions with significant majorities. Key approvals included the adoption of FY26 audited financial statements and the appointment of Shri Rajbir Saini as Manager. Despite the company's distressed financial state, including a TTM loss of ₹744 Cr and a negative net worth of ₹19,675 Cr, the promoter group (75% holding) and participating public institutions provided strong support for the management's agenda.

All 5 resolutions passed with the requisite majority, with the lowest approval rating being 98.30% for Resolution 3.
Resolution 3, regarding the continuation of Shri Hemant Desai as director beyond age 75, saw the highest opposition with 6.44 crore votes against (1.69%).
A total of 964,753 shareholders were on record for the meeting held via video conferencing.
Shareholders ratified the remuneration of Cost Auditors and the appointment of Shri Rajbir Saini as Manager.
The meeting formally adopted the FY26 financial statements which reflect a TTM revenue of ₹3,715 Cr against a debt of ₹24,431 Cr.

💡 Investors should focus on upcoming quarterly results to see if operational stabilization at the Silvassa unit translates into reduced losses, as the AGM was purely procedural.

Alok Industries Dissolves Non-Operating UK Subsidiary Grabal Alok (UK) Limited

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jul 2026, 11:18 PM

Alok Industries has announced the dissolution of its UK-based step-down subsidiary, Grabal Alok (UK) Limited (GAL), effective July 11, 2026. The subsidiary was non-operating and contributed Nil to the company's consolidated turnover and net worth during FY 2025-26. This administrative action has no impact on the company's current financial position, which includes a TTM revenue of ‡3,715 Cr and a negative net worth of ‡19,675 Cr. The move is part of corporate housekeeping to eliminate dormant entities.

Grabal Alok (UK) Limited (GAL) dissolved effective July 11, 2026
Contribution of GAL to consolidated turnover in FY 2025-26 was Nil
Contribution of GAL to consolidated net worth in FY 2025-26 was Nil
Parent company TTM revenue stands at ‡3,715 Cr as of the latest reporting
Company continues to manage a significant debt of ‡24,431 Cr

💡 Investors should focus on the company's operational stabilization at the Silvassa unit and debt management efforts, as this dissolution is a purely administrative event with no financial impact.

Alok Industries Submits Quarterly Compliance Certificate for Dematerialization (June 2026)

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Jul 2026, 01:33 PM

Alok Industries has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by its Registrar and Transfer Agent, MUFG Intime India Private Limited, confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed and cancelled. This filing is a standard administrative requirement to ensure the company's share registry matches depository records. There is no impact on the company's financial performance or operations.

Confirmation of compliance for the quarter ended June 30, 2026
Certificate issued by Registrar MUFG Intime India Private Limited on July 01, 2026
Verification that security certificates were mutilated and cancelled after dematerialization
Confirmation that the name of depositories has been substituted in the register of members

💡 No action is required as this is a routine procedural filing. Investors should monitor the company's upcoming quarterly financial results for material business updates.

Trading Window to Close from July 1, 2026, for Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Jun 2026, 04:37 PM

Alok Industries has announced the mandatory closure of its trading window for all designated persons starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's Q1 FY27 financial results. The window will reopen 48 hours after the results for the quarter ending June 30, 2026, are declared. This is a standard administrative procedure and does not indicate any change in business fundamentals.

Trading window closure commences on July 1, 2026
Window to remain closed until 48 hours after Q1 FY27 results are published
Company reported a TTM net loss of Rs 744 Cr as of the latest available data
Promoter holding remains stable at 75.0% as of March 2026

💡 Educational: This is a routine regulatory filing; investors should focus on the upcoming Q1 FY27 earnings release to track the company's progress in reducing its Rs 24,431 Cr debt burden.

Alok Industries Releases FY26 Sustainability Report; Exports at 20.20% of Turnover

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 29 Jun 2026, 12:48 PM

Alok Industries has filed its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, highlighting its operational and ESG metrics. Polyester Yarn remains the dominant product segment, contributing 49.31% to total turnover, while exports across 51 countries account for 20.20% of revenue. The company continues to operate under severe financial stress with a standalone net worth of negative 16,157.41 Cr. High employee turnover rates (32.77% for permanent staff) and climate-related risks are identified as significant operational challenges.

Polyester Yarn and other Yarns represent the largest product segment at 49.31% of turnover
Exports contributed 20.20% to total turnover, reaching 51 international countries
Total workforce stands at 16,990, comprising 2,182 employees and 14,808 workers
Standalone net worth reported at negative 16,157.41 Cr for the period
Permanent employee turnover rate increased significantly to 32.77% from 4.51% in the previous year

💡 Monitor the company's progress on carbon neutrality initiatives, as the report identifies international buyer pressure as a material risk. The high employee turnover and deeply negative net worth remain primary concerns for long-term operational viability.

Alok Industries Schedules 39th AGM for July 24; FY26 Consolidated Loss at ₹744.11 Cr

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 29 Jun 2026, 12:02 PM

Alok Industries has issued its FY2025-26 Annual Report and scheduled its 39th Annual General Meeting for July 24, 2026. The company reported a consolidated net loss of ₹744.11 crore for the year, showing a marginal improvement from the ₹816.43 crore loss in FY25. While consolidated revenue remained flat at ₹3,714.79 crore, Operating EBITDA saw a notable recovery to ₹103.00 crore from ₹21.68 crore. However, the company remains under severe financial distress with a negative net worth of ₹19,675 crore and a massive debt burden of ₹24,431 crore.

Consolidated Loss After Tax narrowed to ₹744.11 crore in FY26 from ₹816.43 crore in FY25
Consolidated Operating EBITDA improved significantly to ₹103.00 crore compared to ₹21.68 crore in the previous year
Standalone export sales declined by 15.59% to ₹712.28 crore, while domestic sales grew 3.70% to ₹2,813.02 crore
Total debt stands at ₹24,431 crore, which is approximately 6.58x the TTM revenue of ₹3,715 crore
Net worth remains deeply negative at -₹19,675 crore as of March 31, 2026

💡 Investors should monitor the AGM proceedings for any management commentary regarding debt reduction strategies or potential capital infusion from promoters (Reliance Industries/JM Financial ARC) to address the negative net worth.

39th AGM Scheduled for July 24, 2026; Cut-off Date Set for July 17

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 28 Jun 2026, 10:41 AM

Alok Industries has announced its 39th Annual General Meeting (AGM) to be held on July 24, 2026, via video conferencing. The company has established July 17, 2026, as the cut-off date for determining shareholder voting eligibility. This meeting occurs against a backdrop of significant financial distress, with the company reporting a TTM loss of ₹744 crore and a deeply negative net worth of ₹19,675 crore. Investors will likely look for management commentary on debt restructuring and operational stabilization during the session.

39th Annual General Meeting scheduled for July 24, 2026, at 1:00 p.m. IST
Cut-off date for voting eligibility fixed as July 17, 2026
Meeting to be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
Company currently carries a total debt of ₹24,431 crore against a negative net worth of ₹19,675 crore

💡 Monitor the full AGM notice for specific resolutions regarding capital infusion or debt management strategies, given the company's high leverage and consistent quarterly losses.

Alok Industries Updates Authorized KMP Contact Details for SEBI Disclosures

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 28 Apr 2026, 06:34 PM

Alok Industries Limited has updated its list of Key Managerial Personnel (KMP) authorized to determine the materiality of events and information under SEBI Regulation 30(5). The authorized officials include the Manager, Chief Financial Officer, and Company Secretary. This filing ensures the company remains compliant with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Such updates are standard administrative procedures for listed entities to maintain transparent communication with stock exchanges.

Authorized 3 Key Managerial Personnel (KMP) for determining materiality of events and disclosures.
Shri Rajbir Saini (Manager) and Shri Jinendra Jain (CFO) are designated as authorized officials.
Shri Anshul Kumar Jain (Company Secretary) is also authorized for making requisite disclosures.
The update is in compliance with Regulation 30(5) of the SEBI (LODR) Regulations, 2015.

💡 No action is required from investors as this is a routine administrative update regarding corporate governance and regulatory compliance.

Alok Industries Appoints Rajbir Saini as Manager for a Three-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 28 Apr 2026, 06:17 PM

Alok Industries has announced the appointment of Shri Rajbir Saini as the Manager and Key Managerial Personnel (KMP) effective April 28, 2026. Saini, who is currently the Chief Human Resources Officer of the company, will serve a three-year term subject to shareholder approval. He brings over 20 years of experience from major organizations including the Reliance Group, L&T, and DRDO. This move ensures continuity in leadership as the appointee is an internal candidate with deep industry knowledge.

Appointment of Rajbir Saini as Manager and KMP for a fixed term of 3 years starting April 28, 2026.
Saini possesses over 20 years of professional experience across textiles, petrochemicals, and manufacturing.
Previously held leadership roles within the Reliance Group, including Head of HR at Recron (Malaysia) Sdn. Bhd.
Educational credentials include a B.Tech from NIT Kurukshetra and a Master's from TISS Mumbai.

💡 This is a routine management appointment and is unlikely to have an immediate impact on the stock price. Investors should continue to focus on the company's quarterly financial performance and debt restructuring progress.

Alok Industries Approves FY26 Results; Subsidiary Comprehensive Loss at ₹371.27 Cr

🟡 NEUTRAL ⭐ 7/10

BOARD_MEETING 📅 16 Apr 2026, 06:12 PM

Alok Industries has approved its audited standalone and consolidated financial results for the fiscal year ending March 31, 2026. The company is also transitioning its Registrar and Share Transfer Agent (RTA) from MUFG Intime India to KFin Technologies Limited to improve service efficiency. While subsidiaries reported a small net profit of ₹26.10 crores, they incurred a significant total comprehensive loss of ₹371.27 crores for the year. Auditors highlighted an emphasis of matter regarding the accounting of assigned debt at cost following the 2019 NCLT resolution plan.

Approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
Appointed KFin Technologies Limited as the new RTA, replacing MUFG Intime India Private Limited.
Subsidiaries reported total assets of ₹2,013.61 crores and annual revenue of ₹189.62 crores.
Subsidiaries recorded a total comprehensive loss of ₹371.27 crores for the full financial year.
Auditors maintained an emphasis of matter regarding the cost-based accounting of debt from the 2019 resolution plan.

💡 Investors should examine the full financial statements to assess the core operational performance versus the heavy comprehensive losses. The change in RTA is an administrative update and does not impact the company's fundamental value.

View All ALOKINDS Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue for FY25 was INR 3,556.59 Cr, representing a significant decline of 33.6% compared to INR 5,356.35 Cr in FY24. This decline is primarily attributed to the strategic shift of the polyester business to a job work model starting March 2024, where the company now only accounts for conversion and rental income rather than gross sales.

Geographic Revenue Split

In FY25, local sales contributed INR 2,712.72 Cr (76.27% of total revenue), while export sales accounted for INR 843.87 Cr (23.73% of total revenue). Both segments saw declines from FY24 levels of INR 4,248.42 Cr and INR 1,107.93 Cr respectively.

Profitability Margins

Net Profit Margin for FY25 was negative 21.62%, a deterioration from negative 15.19% in FY24. The company reported a Net Loss After Tax of INR 768.81 Cr in FY25 compared to a loss of INR 813.71 Cr in FY24. For H1 FY26, the standalone loss before tax stood at INR 409.30 Cr.

EBITDA Margin

Operating EBITDA margin (without provisions) was 1.58% (INR 56.31 Cr) in FY25, down from 1.81% (INR 96.88 Cr) in FY24. After considering provisions and an exceptional gain of INR 94.14 Cr, the EBITDA margin for FY25 stood at 3.84% (INR 136.69 Cr).

Capital Expenditure

In H1 FY26 (period ended September 30, 2025), the company invested INR 118.76 Cr in the purchase of property, plant, and equipment (including CWIP and capital advances), significantly higher than the INR 19.70 Cr invested in the same period the previous year.

Credit Rating & Borrowing

The company's credit profile is impacted by continued subdued operating performance in FY25. Finance costs remained high at INR 613.46 Cr for FY25 (up from INR 581.62 Cr in FY24), leading to a very low interest coverage ratio of 0.09.

⚙️ Operational Drivers

Raw Materials

Specific raw material names and their exact percentage of total cost are not disclosed in the provided documents, though the business involves polyester and textile manufacturing.

Capacity Expansion

Current installed capacity is not specified; however, the company is investing in PPE with INR 118.76 Cr spent in H1 FY26 to maintain or upgrade facilities.

Raw Material Costs

Cost of materials consumed is not explicitly broken out as a single YoY percentage, but the shift to a job work model for polyester has fundamentally reduced the raw material cost burden in exchange for lower top-line revenue.

Manufacturing Efficiency

Manufacturing efficiency was negatively impacted in FY25 by external factors like power outages and weather events at the Silvassa plant, leading to higher fixed costs per unit of production.

📈 Strategic Growth

Growth Strategy

The company is focusing on stabilizing operations at its Silvassa unit following disruptions and leveraging its job work model in the polyester segment to ensure more predictable cash flows. It is also maintaining significant export operations (INR 843.87 Cr) to diversify market risk.

Products & Services

The company produces polyester products (under job work), local textile goods, and export-quality textile products.

Market Expansion

The company maintains a presence in both local (INR 2,712.72 Cr) and export (INR 843.87 Cr) markets, though specific new target regions are not listed.

Strategic Alliances

The company operates with eight subsidiaries and has joint ventures, reporting a share of loss from joint ventures of INR 0.96 Cr in FY25.

🌍 External Factors

Industry Trends

The textile industry is seeing a shift toward job work models to manage raw material price volatility. Alok Industries' shift in its polyester segment reflects this trend to protect against margin compression.

Competitive Landscape

The company operates in a highly competitive textile and polyester market, currently struggling with high debt and operational disruptions compared to peers.

Competitive Moat

The company's moat is not explicitly defined, but its large-scale operations and significant export reach (INR 843.87 Cr) provide a competitive footprint despite current financial stress.

Macro Economic Sensitivity

The company is sensitive to industrial power costs and global textile demand, as exports make up 23.7% of revenue.

⚖️ Regulatory & Governance

Industry Regulations

The company complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Indian Accounting Standards (Ind AS 34) for its financial reporting.

Taxation Policy Impact

The company has not made provisions for current tax in FY25 or H1 FY26 due to accumulated losses. It reported a deferred tax credit of INR 5.02 Cr in FY25.

Legal Contingencies

The company has a significant negative 'Other Equity' balance of INR 21,126.65 Cr as of September 30, 2025, indicating severe historical financial distress and potential legal/creditor pressures, though specific pending court case values are not listed.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the ability to service debt, given the interest coverage ratio of 0.09. Operational risks from natural disasters (tornadoes) and utility failures (power) also pose significant threats to production stability.

Geographic Concentration Risk

76.3% of revenue is concentrated in the Indian local market, making the company highly dependent on domestic economic conditions.

Third Party Dependencies

The shift to a job work model increases dependency on the principals providing the work for the polyester segment.

Credit & Counterparty Risk

Debtors turnover days increased from 29 to 43 days in FY25, suggesting a slight slowdown in collections. Trade receivables stood at INR 305.20 Cr as of September 30, 2025.