Lagnam Spintex Limited (LAGNAM)
₹75.17 -1.29% last close, 16 Oct
Q2 FY27 results
📅 Next results: 17 Oct 2026 (board meeting)Lagnam Spintex Limited's board meets on 17 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Lagnam Spintex's revenue was ₹166 Cr (+18.4% year on year, -7.7% on the previous quarter), and net profit ₹5.9 Cr (+198.8% year on year); the operating margin was 12.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹166 | +18.4% | -7.7% |
| Operating profit | ₹20.7 | +37.7% | -10.6% |
| Net profit | ₹5.9 | +198.8% | -29.5% |
| EPS (₹) | 3.33 | +200.0% | -29.6% |
| Operating margin | 12.5% | — | — |
LAGNAM delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 83.49% of the LAGNAM shares traded on NSE were taken to delivery, against the stock's own 20-session average of 80.26%. That is close to its usual level. Turnover was only ₹2 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 86.8% · 90.2% · 75.4% · 80.0% · 83.5%
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
Lagnam Spintex Limited announced the voting results and scrutinizer's report for its 16th Annual General Meeting held on August 27, 2026. A total of 12,929,514 votes were cast, representing 73.18% of the company's 17,669,000 total outstanding shares. All three ordinary resolutions—including the adoption of FY26 financial statements, re-appointment of Director Sh. D. P. Mangal, and ratification of cost auditor remuneration—were passed unanimously with 100% votes in favour. No adverse voting or institutional dissent was recorded.
- All 3 resolutions passed unanimously with 100% votes in favour (12,929,514 votes polled)
- Overall voter turnout stood at 73.18% of total outstanding shares (17,669,000 shares)
- Promoter group cast 12,103,000 votes (100% of promoter holding) in favour of all resolutions
- Public non-institutional shareholders cast 826,514 votes (14.85% turnout of non-institutional base) entirely in favour
- Adopted audited financial statements for FY25-26 and ratified cost auditor remuneration for FY26-27
Lagnam Spintex Limited concluded its 16th Annual General Meeting (AGM) on August 27, 2026, conducted via video conferencing with 45 members in attendance. Key agenda items tabled included the adoption of FY26 audited financial statements, the re-appointment of director Sh. D. P. Mangal (retiring by rotation), and the ratification of Cost Auditor remuneration for FY27. Remote e-voting was conducted between August 23 and August 26, 2026. Consolidated voting results and the scrutinizer's report are expected within two working days.
- 16th AGM conducted on August 27, 2026, between 11:30 AM and 12:06 PM IST
- 45 members attended the meeting virtually
- Remote e-voting window was open from August 23, 2026 (9:00 AM) to August 26, 2026 (5:00 PM)
- Three resolutions proposed: adoption of FY26 accounts, re-appointment of director Sh. D. P. Mangal, and ratification of Cost Auditor remuneration for FY27
Lagnam Spintex Limited has scheduled its 16th Annual General Meeting (AGM) for August 27, 2026, to be held via video conferencing. The company has issued a notice to shareholders whose email addresses are not registered, providing web links and QR codes to access the Annual Report for FY 2025-26. Key dates for shareholders include a cut-off date of August 20, 2026, for e-voting eligibility, with the voting window open from August 23 to August 26. This is a standard regulatory filing facilitating shareholder participation in the upcoming meeting.
- 16th Annual General Meeting (AGM) scheduled for August 27, 2026, at 11:30 AM IST.
- Cut-off date for determining e-voting eligibility is August 20, 2026.
- Remote e-voting period spans from August 23, 2026 (9:00 AM) to August 26, 2026 (5:00 PM).
- Annual Report for FY 2025-26 and AGM Notice made available on the company and NSE websites.
- Company has a high Debt-to-Equity ratio of 2.63 as per latest financial context.
Lagnam Spintex has scheduled its 16th Annual General Meeting for August 27, 2026, to adopt the FY26 financial statements. The annual report reveals a reduction in the Debt-Equity ratio from 3.21 to 2.64, although leverage remains high with total debt at approximately Rs 358 Cr. The company utilized a Rs 5.56 Cr term loan for a 12 MW solar power project to optimize energy costs. Additionally, the net capital turnover ratio improved by 91% year-on-year, indicating better efficiency in capital management despite ongoing expansion activities.
- Debt-Equity ratio improved to 2.64 in FY26 from 3.21 in FY25
- Utilized a term loan of Rs 5.56 Cr (Rs 556.68 lacs) for a 12 MW solar power project
- Net capital turnover ratio increased by 91% due to improved efficiency in capital management
- Borrowings of Rs 150.46 Cr from banks are secured against current assets
- Proposed ratification of Cost Auditor remuneration at Rs 50,000 for FY27
Lagnam Spintex reported a strong year-on-year performance for Q1 FY27, with net profit surging 199% to ₹5.89 cr compared to ₹1.97 cr in the same quarter last year. Revenue from operations grew 18.4% YoY to ₹165.86 cr, though it saw a sequential decline of 7.7% from the March 2026 quarter. Profitability remains constrained by high finance costs of ₹7.73 cr, which represent a significant portion of operating income. The company's high leverage (D/E of 2.63) continues to be a key factor for investors to monitor.
- Net profit jumped 199% YoY to ₹5.89 cr from ₹1.97 cr in Q1 FY26
- Revenue from operations increased 18.4% YoY to ₹165.86 cr
- Finance costs remained high at ₹7.73 cr, nearly 1.3x the quarterly net profit
- Basic and Diluted EPS improved to ₹3.33 from ₹1.11 YoY
- Cost of materials consumed stood at ₹124.60 cr, up from ₹109.55 cr YoY
India Ratings & Research has reaffirmed Lagnam Spintex's credit rating at 'IND BBB-/Stable' for its bank facilities. The company reported steady FY26 revenue of Rs 605 crore with 100% capacity utilization, though net leverage remains high at 5.35x. A significant margin-improvement catalyst is the upcoming Rs 55 crore solar and hybrid power project, expected to save Rs 15 crore in annual power costs starting late 2026. Investors should note the company's high debt of Rs 358 crore relative to its net worth of Rs 136 crore.
- Reaffirmed Long-Term rating at IND BBB-/Stable for bank facilities totaling Rs 388.6 crore.
- Net leverage improved to 5.35x in FY26 from 5.95x in FY25, though it remains at modest levels.
- Investing Rs 55 crore in a 12MW solar and 3.5MW hybrid power plant to be operational by October 2026.
- Expected annual power cost savings of Rs 15 crore from the new energy project, potentially pushing EBITDA margins above 12%.
- Bangladesh revenue share significantly reduced to 15.44% in 4QFY26 from 38.47% in 1QFY26 as the company diversifies markets.
Lagnam Spintex has informed the exchange of an acquisition under Regulation 30 of SEBI LODR. The specific details regarding the target entity, acquisition cost, and strategic rationale were not disclosed in the provided document extract. Given the company's high debt-to-equity ratio of 2.63 and total debt of Rs 358 Cr, the funding mechanism for this acquisition is a critical factor for investors to monitor. The company recently reported a Mar 2026 quarterly revenue of Rs 179.65 Cr.
- Acquisition announced on July 30, 2026, under SEBI Regulation 30.
- Company operates with a high debt load of Rs 358 Cr against a net worth of Rs 136 Cr.
- Reported Mar 2026 quarterly revenue of Rs 179.65 Cr and PAT of Rs 8.35 Cr.
- Current Debt-to-Equity ratio stands at a significant 2.63.
Lagnam Spintex has submitted its unaudited financial results for the quarter ended June 30, 2026. The independent auditor's report confirms no material misstatements, though specific P&L figures were not detailed in the provided extract. The company operates with a high debt load of ‡358 Cr against a net worth of ‡136 Cr, resulting in a high Debt-to-Equity ratio of 2.63. Investors should evaluate these results against the previous quarter's (Mar 2026) revenue of ‡179.65 Cr and PAT of ‡8.35 Cr.
- Board approved unaudited financial results for the quarter ended June 30, 2026.
- Independent auditor A.L. Chechani & Co. issued a limited review report with no qualifications.
- Company maintains a high leverage position with a Debt-to-Equity ratio of 2.63.
- Total debt is reported at ‡358 Cr relative to a net worth of ‡136 Cr.
- Previous quarter (Mar 2026) showed a revenue of ‡179.65 Cr and EPS of ‡4.73.
Lagnam Spintex has informed the exchange that its trading window for designated persons will be closed starting July 1, 2026. This is a standard regulatory requirement ahead of the declaration of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are made public. This procedural filing is mandatory under SEBI (Prohibition of Insider Trading) Regulations, 2015, and does not impact the company's operational fundamentals.
- Trading window closure effective from July 1, 2026
- Announcement filed on June 30, 2026
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
Lagnam Spintex reported a steady financial performance for FY26, with annual net profit growing 11.9% to ₹14.39 crore despite flat year-on-year revenue of ₹604.98 crore. The company showed strong momentum in Q4 FY26, with revenue rising 10.3% YoY to ₹179.65 crore. A key positive for investors is the significant reduction in long-term borrowings, which fell by approximately ₹31.46 crore during the fiscal year. The board also finalized the appointment of new internal auditors and scheduled the 16th AGM for August 2026.
- Annual Net Profit increased to ₹14.39 crore in FY26 from ₹12.85 crore in FY25, a growth of 11.9%.
- Q4 FY26 Revenue from operations grew 10.3% YoY to ₹179.65 crore compared to ₹162.86 crore.
- Non-current borrowings were reduced significantly to ₹170.18 crore from ₹201.64 crore YoY.
- Earnings Per Share (EPS) for the full year improved to ₹8.14 from ₹7.28.
- M/s SSMS & Associates appointed as Internal Auditors for the financial year 2026-27.
Lagnam Spintex reported a steady performance for the full year ended March 31, 2026, with Net Profit (PAT) growing 11.9% to ₹14.39 crore despite flat annual revenue of ₹604.98 crore. The fourth quarter showed stronger momentum, with Q4 revenue rising 10.3% year-on-year to ₹179.65 crore. A key positive for the balance sheet is the significant reduction in non-current borrowings, which decreased from ₹201.64 crore to ₹170.18 crore. The company also maintained its EPS growth, rising to ₹8.14 from ₹7.28 in the previous fiscal year.
- Annual Net Profit (PAT) increased by 11.9% YoY to ₹14.39 crore in FY26.
- Q4 FY26 Revenue from operations grew 10.3% YoY to ₹179.65 crore compared to Q4 FY25.
- Non-current borrowings were reduced by ₹31.46 crore, strengthening the balance sheet.
- Full-year Earnings Per Share (EPS) improved to ₹8.14 from ₹7.28.
- Recognized a one-time impact of ₹14.99 lakhs related to the implementation of New Labour Codes.
Lagnam Spintex Limited has officially informed the stock exchanges regarding the conclusion of its Board Meeting held on March 28, 2026. The filing serves as a regulatory compliance update following the scheduled meeting of the company's directors. While the specific resolutions were not detailed in the brief, such meetings typically cover financial reviews or strategic planning. Investors should await the detailed minutes or supplementary filings for specific corporate actions.
- Board meeting successfully held on March 28, 2026.
- Regulatory filing completed in compliance with exchange listing norms.
- Document digitally signed by Anand Mangal at 13:09:30 IST.
- Procedural update with no immediate financial figures disclosed in the brief.
Lagnam Spintex Limited has filed the independent auditor's review report for the quarter and nine months ending December 31, 2025. The auditors, A.L. Chechani & Co., have issued a clean report, confirming that the financial results comply with Indian Accounting Standards (Ind AS 34). No material misstatements were identified during the limited review process, ensuring the reliability of the reported figures. This filing is a mandatory regulatory requirement under SEBI's Listing Obligations and Disclosure Requirements.
- Independent auditor's review completed for the quarter and nine months ended December 31, 2025.
- Financial results confirmed to be in compliance with Ind AS 34 and SEBI Regulation 33.
- No material misstatements or non-compliance issues were reported by the chartered accountants.
- The review provides moderate assurance on the interim financial information as per SRE 2410 standards.
Lagnam Spintex Limited has submitted its unaudited financial results for the quarter and nine months ended December 31, 2025. The independent auditor, A.L. Chechani & Co., has issued an unmodified review report, confirming compliance with Ind AS 34 and SEBI regulations. The report indicates that no material misstatements were identified during the limited review process. This announcement confirms the formal board approval and regulatory filing of the period's financial performance.
- Auditor A.L. Chechani & Co. issued a clean limited review report for the period ending Dec 31, 2025.
- The review covered both the Q3 FY26 quarter and the cumulative nine-month period starting April 1, 2025.
- Financial statements were prepared in accordance with Indian Accounting Standard 34 (Interim Financial Reporting).
- The company remains in compliance with Regulation 33 of SEBI Listing Obligations and Disclosure Requirements.
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. The company operates in a single business segment (Textiles/Spinning).
Geographic Revenue Split
Not disclosed in available documents. Manufacturing operations are concentrated in Bhilwara, Rajasthan.
Profitability Margins
Net Profit for H1 FY26 was INR 2.35 Cr (234.94 Lakhs), representing a 20.05% increase from INR 1.96 Cr (195.70 Lakhs) in H1 FY25. However, Q2 FY26 net profit of INR 0.38 Cr (37.98 Lakhs) showed a sharp sequential decline of 80.7% compared to Q1 FY26 (INR 1.97 Cr).
Capital Expenditure
The company has a Capital Work in Progress (CWIP) of INR 1.80 Cr (180.22 Lakhs) as of September 30, 2025, compared to zero as of March 31, 2025, indicating new expansion projects. Property, Plant and Equipment (PPE) stands at INR 324.75 Cr.
Operational Drivers
Raw Materials
Cotton (inferred from spinning operations) is the primary raw material. Specific cost percentages are not disclosed.
Import Sources
Not disclosed in available documents. Likely sourced from domestic cotton-growing states given the Bhilwara location.
Capacity Expansion
Current installed capacity is represented by a PPE base of INR 324.75 Cr. Planned expansion is indicated by a new CWIP of INR 1.80 Cr as of September 2025.
Manufacturing Efficiency
The company operates a single segment with a significant asset base of INR 324.75 Cr in PPE.
Strategic Growth
Growth Strategy
The company is pursuing growth through capacity expansion, evidenced by the initiation of new projects worth INR 1.80 Cr in CWIP during H1 FY26. It leverages its position in the Bhilwara textile hub to optimize production of cotton yarn and maintain cost leadership.
Products & Services
Cotton yarn and related textile products.
Brand Portfolio
Lagnam.
Strategic Alliances
None disclosed.
External Factors
Industry Trends
The Indian textile industry is seeing a shift towards organized manufacturing and cluster-based development. The Bhilwara region continues to be a critical hub for spinning and weaving, providing ecosystem advantages.
Competitive Landscape
Competes with other large-scale spinning mills in Rajasthan and across India.
Competitive Moat
The company's moat is derived from its established scale (INR 324.75 Cr PPE) and its location in Bhilwara, which offers cost advantages in procurement and logistics. This is sustainable as long as the regional textile ecosystem remains competitive.
Macro Economic Sensitivity
Highly sensitive to global textile demand and domestic cotton production cycles.
Consumer Behavior
Increasing demand for high-quality, consistent yarn for garment manufacturing.
Geopolitical Risks
Trade barriers on textile exports could impact demand for yarn.
Regulatory & Governance
Industry Regulations
Subject to textile manufacturing standards and environmental pollution norms for spinning units. SEBI LODR compliance is maintained for financial reporting.
Taxation Policy Impact
The effective tax rate for H1 FY26 was approximately 25.5%, with a total tax expense of INR 0.81 Cr (80.58 Lakhs) on a profit before tax of INR 3.16 Cr (315.52 Lakhs).
Risk Analysis
Key Uncertainties
Volatility in cotton prices and fluctuations in interest rates on the INR 356.61 Cr debt.
Geographic Concentration Risk
100% of manufacturing operations are concentrated in Bhilwara, Rajasthan.
Third Party Dependencies
High dependency on cotton suppliers and power utilities.
Technology Obsolescence Risk
Risk of older spinning machinery becoming less efficient compared to newer automated technologies.
