The Ruby Mills Limited (RUBYMILLS)
₹515.95 -0.34% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Ruby Mills' revenue was ₹91.5 Cr, and net profit ₹11.7 Cr; the operating margin was 27.9%.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹91.5 | — | -25.6% |
| Operating profit | ₹25.5 | — | -24.9% |
| Net profit | ₹11.7 | — | +6.4% |
| EPS (₹) | 3.50 | — | +6.1% |
| Operating margin | 27.9% | — | — |
RUBYMILLS delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 52.25% of the RUBYMILLS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 48.49%. That is close to its usual level.
Delivery in the last 5 sessions: 60.5% · 65.5% · 17.2% · 34.8% · 52.2%
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
The Ruby Mills 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, issued by Registrar and Share Transfer Agent Bigshare Services Private Limited on October 10, 2026, confirms that securities received for dematerialization were processed, mutilated, and cancelled within the mandated 15-day window. This is a purely administrative regulatory filing confirming proper depository operations.
- Compliance certificate covers the quarter ended September 30, 2026.
- RTA Bigshare Services confirmed securities received for dematerialization were processed within 15 days.
- Certificates were received, mutilated, and cancelled as per SEBI regulations as of October 10, 2026.
The Ruby Mills Limited concluded its 110th Annual General Meeting (AGM) held on September 24, 2026. Shareholders approved all 8 resolutions, including the adoption of FY26 financial statements and a final dividend of ₹2.50 per equity share. The voting concluded with overwhelming approval, seeing 99.96% votes cast in favor across all ordinary and special resolutions. Additional approvals included executive remuneration and an increment for CEO/CFO Purav Hiren Shah.
- Final dividend of ₹2.50 per fully paid-up equity share approved by shareholders
- All 8 resolutions passed with 99.96% votes in favor (1,91,22,707 votes)
- Remuneration packages approved for Executive Chairman, Managing Directors, and CEO/CFO Purav Hiren Shah
- A total of 36 shareholders attended the meeting via Video Conferencing (13 promoter group, 23 public)
The Ruby Mills Limited has dispatched communications to shareholders whose email addresses are not registered, providing web links to the FY 2025-26 Annual Report and Notice of the 110th Annual General Meeting. The AGM is scheduled to take place on Thursday, September 24, 2026, at 04:30 PM IST via Video Conferencing. This is a standard procedural compliance filing under Regulation 36(1)(b) of SEBI LODR Regulations.
- 110th Annual General Meeting scheduled for Thursday, September 24, 2026, at 04:30 PM IST
- AGM will be conducted virtually through Video Conferencing / Other Audio Visual Means
- Dispatched compliance notices under Regulation 36(1)(b) of SEBI LODR to unregistered email holders
- Annual Report and AGM Notice for FY 2025-26 made available on the company website
The Ruby Mills Limited has dispatched letters to shareholders whose email addresses are not registered with the company or RTA, providing web links to the Annual Report for FY 2025-26 and the 110th AGM notice. The 110th Annual General Meeting is scheduled to take place on Thursday, September 24, 2026, at 04:30 PM IST via Video Conferencing. This is a procedural compliance filing under SEBI LODR Regulation 36(1)(b) with no impact on business operations or financials.
- 110th Annual General Meeting scheduled for Thursday, September 24, 2026, at 04:30 PM IST
- AGM to be conducted via Video Conferencing ('VC') / Other Audio Visual Means ('OAVM')
- Letter dispatched under Regulation 36(1)(b) of SEBI LODR providing web-links for FY 2025-26 Annual Report
The Ruby Mills Limited has fixed September 17, 2026, as the record date to determine shareholder eligibility for the FY2025-26 final dividend. The company's register of members and share transfer books will remain closed from September 18 to September 24, 2026, for the Annual General Meeting and dividend declaration. The cut-off date for e-voting is also September 17, 2026, with remote e-voting scheduled from September 21 to September 23, 2026.
- Record date for FY2025-26 final dividend fixed as September 17, 2026
- Book closure scheduled from September 18, 2026 to September 24, 2026
- E-voting cut-off date set for September 17, 2026
- Remote e-voting window runs from September 21, 2026 (9:00 AM IST) to September 23, 2026 (5:00 PM IST)
The Ruby Mills Limited has scheduled its 110th Annual General Meeting for September 24, 2026, through video conferencing. Key ordinary business includes the approval and adoption of FY26 financial results and a final dividend of Rs 2.50 per equity share. The company is also seeking shareholder approval for executive remuneration packages for FY28 and FY29 at Rs 18,00,000 and Rs 21,60,000 per month, respectively, for its executive directors, along with ratifying Rs 3.75 lakh cost auditor fees.
- 110th Annual General Meeting scheduled for September 24, 2026, at 4:30 PM IST via VC/OAVM
- Shareholder approval sought for final dividend of Rs 2.50 per fully paid-up equity share for FY26
- Proposed managerial remuneration of Rs 18.00 lakh/month for FY28 and Rs 21.60 lakh/month for FY29 for Executive Chairman and Managing Directors
- Ratification of Rs 3,75,000 plus taxes as Cost Auditor remuneration for Dhamni and Kharsundi units for FY27
The Ruby Mills Limited has sold vacant commercial premises on the 33rd floor of its commercial tower 'The Ruby' along with car parking spaces to Torrent Pharmaceuticals Limited. The total consideration received for the transaction is Rs 124.08 crore, which represents approximately 33.4% of the company's TTM revenue of Rs 371 crore. The agreement and completion of the sale were executed on August 19, 2026, with the buyer being a non-related party.
- Commercial premises on 33rd floor of 'The Ruby' sold for Rs 124.08 crore
- Sale completed on August 19, 2026 to buyer Torrent Pharmaceuticals Limited
- Transaction is an arm's-length deal and not a related-party transaction
- Consideration received of Rs 124.08 crore equals ~33.4% of Ruby Mills' TTM revenue
Ruby Mills reported a 31.5% YoY increase in revenue to ₹91.48 Cr for Q1 FY27, primarily driven by a 233% surge in Real Estate segment revenue to ₹33.93 Cr. However, Net Profit remained nearly flat at ₹11.82 Cr (down 2% YoY) as the company faced a massive spike in Finance Costs (₹9.88 Cr vs ₹0.94 Cr) and Depreciation (₹12.89 Cr vs ₹2.69 Cr). The core Textile segment saw a marginal revenue decline of 3% YoY to ₹57.56 Cr with thin margins of 3.45%. The results are significantly impacted by the December 2025 cancellation of a Real Estate Development Agreement, making YoY comparisons for that segment non-comparable.
- Revenue from operations increased 31.5% YoY to ₹91.48 Cr from ₹69.57 Cr.
- Real Estate segment revenue grew to ₹33.93 Cr, up from ₹10.17 Cr in the previous year's quarter.
- Finance costs surged by 955% YoY to ₹9.88 Cr compared to ₹0.94 Cr in Q1 FY26.
- Depreciation and amortisation expenses rose to ₹12.89 Cr from ₹2.69 Cr in the year-ago period.
- Textile segment profit remained low at ₹1.99 Cr on a revenue base of ₹57.56 Cr.
The Ruby Mills Limited has formally registered a Settlement and Cancellation Agreement with Mindset Estates Private Limited, terminating a prior Development Agreement. This action follows mediation proceedings before a retired High Court Justice and finalizes a dispute previously disclosed in early 2025. While the company expects no additional financial impact from this registration, it provides legal finality to a significant real estate matter. Investors should note that the company had ₹456.74 Cr in receivables from developers as of March 2024, making the resolution of such agreements critical for liquidity.
- Formal registration of Cancellation Agreement completed on July 17, 2026, with the Sub-Registrar of Assurances, Mumbai.
- Settlement reached through mediation proceedings before Hon’ble Justice Sharukh J. Kathawala (Retd.).
- Follows previous material disclosures dated January 3, 2025, and December 12, 2025.
- Relates to the management of developer receivables which stood at ₹456.74 Cr as of March 2024.
- The company confirms no change to commercial terms or financial impact beyond previous disclosures.
The Ruby Mills Limited has resumed operations at its Dhamni Plant's weaving division as of July 07, 2026, following an illegal strike that began on June 30, 2026. The resolution was achieved through the intervention of the Labour Commissioner, police authorities, and an Industrial Court order restraining workers from obstructing work. The company estimates a loss of standing charges amounting to Rs 35 Lakhs. This financial impact is minimal, representing approximately 0.12% of the company's TTM revenue of Rs 281 Cr.
- Strike lasted 7 days, starting from June 30, 2026, and ending on July 07, 2026.
- Estimated financial loss due to standing charges is approximately Rs 35 Lakhs.
- Loss represents ~0.12% of the TTM revenue of Rs 281 Cr.
- Industrial Court order obtained to restrain workers from gathering around the factory or obstructing work.
- Operations resumed after workers provided an undertaking to maintain industrial peace.
The Ruby Mills Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by the Registrar and Share Transfer Agent (RTA), Bigshare Services Private Limited, confirms the processing of dematerialization requests for the quarter ended June 30, 2026. It verifies that physical share certificates received were mutilated, cancelled, and the depository's name was updated in the register of members. This is a standard administrative filing required for all listed entities in India.
- Compliance certificate issued for the quarter ended June 30, 2026
- Confirmation that dematerialization requests were processed within 15 days of receipt
- Verification that security certificates were mutilated and cancelled after due verification
- RTA Bigshare Services Private Limited confirmed the listing of dematerialized securities on stock exchanges
The Ruby Mills Limited has reported a disruption of operations at its Dhamni Weaving Division starting June 29, 2026. Certain workmen have abstained from duty following a disagreement over a draft wage settlement that was previously negotiated. While the work stoppage is currently confined to one department, the company is undergoing conciliation proceedings before the Assistant Labour Officer to restore normalcy. Other manufacturing units, including the Spinning and Processing divisions, remain fully operational.
- Work stoppage initiated on June 29, 2026, at the Dhamni Weaving Division in Raigad.
- Disruption is localized to one department; Spinning and Processing divisions are operating normally.
- Conciliation process is active before the Assistant Labour Officer to resolve the wage settlement dispute.
- Company reports TTM revenue of ₹281 Cr, which could be impacted if the stoppage extends or spreads.
- Management stated they do not presently expect a material loss, though financial impact is still being assessed.
The Ruby Mills Limited has announced the closure of its trading window starting July 01, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. This closure is in anticipation of the board meeting to consider and approve the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The window will remain closed until 48 hours after the financial results are declared to the exchanges. This restriction applies to all designated persons, including directors, officers, and statutory auditors.
- Trading window closure begins on Wednesday, July 01, 2026.
- The closure is related to the approval of financial results for the quarter ended June 30, 2026.
- Trading restriction extends until 48 hours after the conclusion of the relevant board meeting.
- Applies to directors, designated employees, statutory auditors, and their dependent family members.
The Ruby Mills Limited has recommended a final dividend of Rs. 2.5 per equity share for the financial year 2025-26, representing a 50% payout on the face value of Rs. 5. This announcement accompanied the approval of the company's audited financial results for the year ended March 31, 2026. A notable highlight in the balance sheet is the significant jump in investment property value to Rs. 68,084.43 lakhs from Rs. 3,037.99 lakhs in the previous year. The dividend remains subject to shareholder approval at the upcoming Annual General Meeting.
- Recommended a final dividend of Rs. 2.5 per equity share (50% of face value)
- Investment property value surged to Rs. 68,084.43 lakhs from Rs. 3,037.99 lakhs year-on-year
- Total non-current assets increased to Rs. 1,00,215.72 lakhs as of March 31, 2026
- Capital work-in-progress rose significantly to Rs. 9,317.36 lakhs from Rs. 1,837.24 lakhs
- Appointed Shri. Dakshesh H. Zaveri as the Cost Auditor for the financial year 2026-27
The Ruby Mills Limited has recommended a final dividend of ₹2.5 per equity share (50% of face value) for the financial year 2025-26. The company's standalone balance sheet shows a massive increase in Investment Property to ₹680.84 crore from ₹30.38 crore in the previous year, suggesting a major reclassification or asset addition. Total non-current assets have crossed ₹1,002 crore, while Capital Work-in-Progress has surged to ₹93.17 crore. Additionally, the board has appointed Shri Dakshesh H. Zaveri as the Cost Auditor for FY 2026-27.
- Recommended a final dividend of ₹2.5 per equity share of face value ₹5 each.
- Investment property value increased sharply to ₹68,084.43 lakhs from ₹3,037.99 lakhs YoY.
- Total non-current assets grew to ₹1,00,215.72 lakhs as of March 31, 2026.
- Capital Work-in-progress (CWIP) rose significantly to ₹9,317.36 lakhs from ₹1,837.24 lakhs.
- Shri Dakshesh H. Zaveri appointed as Cost Auditor for the 2026-27 financial year.
Financial Performance
Revenue Growth by Segment
For H1 FY26, the Textile segment revenue grew 63.6% YoY to INR 134.27 Cr (from INR 82.08 Cr), while the Real Estate segment grew 25.7% YoY to INR 20.95 Cr (from INR 16.67 Cr). Total revenue from operations for H1 FY26 reached INR 155.22 Cr, a 57.2% increase YoY.
Geographic Revenue Split
The company serves a global client base across North America, Europe, Africa, South Asia, and Southeast Asia, though specific percentage contribution by region is not disclosed in available documents.
Profitability Margins
Profit Before Tax (PBT) margin for H1 FY26 improved significantly to 19.8% (INR 30.71 Cr) from 14.6% (INR 14.39 Cr) in H1 FY25. This was driven by a massive turnaround in the Textile segment, which saw results jump from INR 1.04 Cr to INR 7.69 Cr (a 637% increase).
EBITDA Margin
Core profitability improved as segment results (before interest and tax) for H1 FY26 reached INR 25.59 Cr compared to INR 14.83 Cr in H1 FY25, representing a 72.5% YoY increase in operational segment profit.
Capital Expenditure
The company invested in state-of-the-art equipment for capacity augmentation and operational efficiency, though the exact INR Cr value for planned CapEx is not disclosed. Capital Work-in-progress stood at INR 17.98 Cr as of September 30, 2025.
Credit Rating & Borrowing
Acuite expects the financial risk profile to improve further due to better operating performance. Finance costs for H1 FY26 were reduced to INR 1.73 Cr from INR 4.75 Cr in the previous full year, indicating a significant reduction in borrowing costs or debt levels.
Operational Drivers
Raw Materials
Not disclosed in available documents, though the business relies on textile inputs for shirting and blended fabrics.
Capacity Expansion
The company has undertaken capacity augmentation and investments in state-of-the-art equipment to boost output and quality consistency in response to sustained demand across product categories.
Raw Material Costs
Not disclosed as a specific percentage of revenue, but the company focuses on integrated capabilities to manage costs.
Manufacturing Efficiency
Capacity utilization metrics are not disclosed, but the company emphasizes 'strategic agility' and 'operational efficiencies' to grow the topline.
Strategic Growth
Expected Growth Rate
20%
Growth Strategy
Growth will be achieved through product diversification (moving from traditional white shirting to fashion-forward and eco-conscious textiles), capacity augmentation, and team expansion. The company is also focusing on brand partnerships and leveraging its integrated capabilities to meet global demand for sustainable fabrics.
Products & Services
Traditional white shirting, fashion-forward fabrics, eco-conscious textiles, functional fabrics, and commercial real estate (The Ruby Tower).
Brand Portfolio
The Ruby Mills.
New Products/Services
Eco-conscious textiles and functional fabrics are expected to be key growth drivers, though specific revenue contribution percentages are not disclosed.
Market Expansion
Targeting growth in global markets including North America and Europe by leveraging expertise in sustainable and blended fabrics.
Strategic Alliances
Execution of a Settlement Agreement on December 11, 2025, with Mindset Estates Private Limited for the cancellation of a Development Agreement and settlement of accounts.
External Factors
Industry Trends
The industry is shifting toward sustainable and blended fabrics. Ruby Mills is positioning itself as a 'future-ready textile powerhouse' by focusing on these eco-conscious categories.
Competitive Landscape
Competes with other integrated Indian textile manufacturers and global fabric suppliers.
Competitive Moat
The company's moat is built on its 'rich legacy' in white shirting and integrated manufacturing capabilities, which allow for strategic agility and quality consistency.
Macro Economic Sensitivity
Highly sensitive to real estate cycles and global textile demand trends.
Consumer Behavior
Shift in consumer preference toward eco-conscious and functional textiles is driving demand for the company's new product segments.
Geopolitical Risks
Global trade barriers could affect the export of fabrics to North America and Europe.
Regulatory & Governance
Industry Regulations
Operations are subject to textile manufacturing standards and real estate development regulations in Mumbai.
Legal Contingencies
A civil suit is pending in the court of the Civil Judge (J.D.), Thane, with an order dated December 22, 2024. The company also settled a major dispute with Mindset Estates Private Limited in December 2025.
Risk Analysis
Key Uncertainties
The primary uncertainty is the timely receipt of INR 456.74 Cr in dues from developers, which has been 'sporadic' in the past.
Geographic Concentration Risk
While global, the real estate revenue is 100% concentrated in Mumbai (Dadar).
Third Party Dependencies
High dependency on Mindset Estates Private Limited for the recovery of real estate advances.
Technology Obsolescence Risk
Mitigated by recent investments in state-of-the-art equipment and R&D team expansion.
Credit & Counterparty Risk
Significant credit exposure to real estate developers; receivables quality is a noted weakness by credit rating agencies.
