🔍

RUBYMILLS - Ruby Mills

📊 NSE: RUBYMILLS 🏢 Textiles - Composite 📅 Last Updated: 12/14/2025 12:29

📢 Recent Corporate Announcements

Ruby Mills Submits SEBI Compliance Certificate for Quarter Ended March 31, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Apr 2026, 05:06 PM

The Ruby Mills Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by Bigshare Services Private Limited, confirms that all dematerialization requests received during the quarter ended March 31, 2026, were processed within the mandated 15-day timeframe. The registrar verified that physical certificates were mutilated and cancelled, and the names of depositories were updated in the register of members. This is a standard administrative filing ensuring the company's adherence to share transfer and depository norms.

Compliance certificate submitted for the quarter ended March 31, 2026.
Bigshare Services Private Limited confirmed processing of dematerialization requests.
Physical share certificates were mutilated and cancelled after due verification.
Register of members updated with depository names within 15 days of receipt.
Securities comprised in the certificates are listed on the relevant stock exchanges.

💡 No action is required from investors as this is a routine regulatory filing confirming administrative compliance regarding share dematerialization.

Ruby Mills Appoints Paras Khimji Savla as Independent Director for 5-Year Term

🟢 POSITIVE ⭐ 4/10

MANAGEMENT 📅 27 Mar 2026, 03:49 PM

The Ruby Mills Limited has received shareholder approval to appoint Shri. Paras Khimji Savla as a Non-Executive Independent Director. The appointment is for a five-year tenure effective from December 27, 2025, through December 26, 2030. Mr. Savla is a highly qualified Chartered Accountant with over 25 years of experience in taxation, M&A, and insolvency. This appointment is expected to strengthen the company's board governance and strategic financial oversight.

Appointment of Paras Khimji Savla as Independent Director for a 5-year term until December 26, 2030.
The appointee brings over 25 years of experience in domestic and international taxation and transaction structuring.
Mr. Savla is a qualified CA (ICAI & ICAEW) with previous experience at a Big Four accounting firm.
Shareholder approval was obtained at the Extra-Ordinary General Meeting held on March 26, 2026.
The director has no existing relationships with other board members, ensuring independent oversight.

💡 This is a positive corporate governance development. Investors should view the addition of a seasoned financial expert to the board as a sign of strengthening internal controls and strategic planning.

Ruby Mills Appoints Paras Khimji Savla as Independent Director for 5-Year Term

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 27 Mar 2026, 03:46 PM

The Ruby Mills Limited has received shareholder approval for the appointment of Shri. Paras Khimji Savla as a Non-Executive Independent Director. His term is set for five years, effective from December 27, 2025, through December 26, 2030. Mr. Savla is a highly qualified Chartered Accountant with over 25 years of experience in taxation, M&A, and insolvency resolution. This strategic addition to the board is expected to enhance the company's financial oversight and regulatory compliance.

Appointment of Shri. Paras Khimji Savla as Independent Director for a 5-year tenure ending December 2030.
Appointee brings over 25 years of professional experience in international taxation, valuation, and transaction structuring.
Mr. Savla holds dual CA qualifications from ICAI (India) and ICAEW (UK) and has prior Big Four experience.
The appointment was officially approved by shareholders during the Extra-Ordinary General Meeting on March 26, 2026.

💡 Investors should view this as a positive governance move that brings high-level financial and M&A expertise to the board. No immediate portfolio changes are necessary based on this administrative update.

Ruby Mills Announces Trading Window Closure from April 1 for FY26 Annual Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Mar 2026, 04:38 PM

The Ruby Mills Limited has notified the exchanges that its trading window for dealing in company securities will be closed starting April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the board meeting to approve audited financial results for the quarter and year ending March 31, 2026. The window will remain closed until 48 hours after the financial results are made public. This is a standard regulatory procedure for listed companies to prevent insider trading during the finalization of financial statements.

Trading window closure begins on April 1, 2026, for all designated persons.
The closure is linked to the approval of audited financial results for Q4 and FY 2025-26.
The window will reopen 48 hours after the board meeting results are officially disclosed.
Restriction applies to directors, officers, designated employees, and statutory auditors.

💡 This is a routine compliance filing and requires no immediate action from retail investors. Investors should look out for the upcoming announcement of the specific board meeting date to assess the company's annual financial performance.

Ruby Mills Incorporates Two Green Energy and Waste Management Subsidiaries

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 18 Mar 2026, 07:49 PM

The Ruby Mills Limited has incorporated two wholly-owned subsidiaries, Ruby Greentech K Private Limited and Ruby Greentech T Private Limited, on March 18, 2026. These new entities will focus on high-growth sectors including water and effluent treatment, waste-to-energy solutions, and renewable power generation such as solar and wind. Each subsidiary has been established with an authorized share capital of Rs 10,00,000 and an initial paid-up capital of Rs 1,00,000. This move marks a strategic diversification for the company into environmental services and the green energy market.

Incorporated two 100% wholly-owned subsidiaries: Ruby Greentech K and Ruby Greentech T
Ruby Greentech K to focus on water treatment, waste management, and waste-to-energy solutions
Ruby Greentech T dedicated to renewable power generation, transmission, and distribution
Each subsidiary has an authorized capital of Rs 10,00,000 and initial investment of Rs 1,00,000
Strategic shift towards ESG-compliant business lines beyond traditional textile operations

💡 Investors should monitor the company's capital expenditure plans and execution timelines for these new green ventures. While the initial investment is small, the diversification into renewable energy and waste management could provide long-term growth catalysts.

Ruby Mills to Hold EGM on March 26, 2026, for Appointment of Independent Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 04 Mar 2026, 02:05 PM

The Ruby Mills Limited has scheduled an Extraordinary General Meeting (EGM) on March 26, 2026, to be conducted via video conferencing. The primary agenda is the formal appointment of Shri Paras K. Savla as an Independent Director for a five-year term ending December 2030. Mr. Savla was previously inducted as an Additional Director on December 27, 2025. Shareholders appearing in the register as of the cut-off date, March 19, 2026, will be eligible to cast their votes through the remote e-voting facility provided by NSDL.

Extraordinary General Meeting (EGM) scheduled for March 26, 2026, at 3:30 p.m. IST.
Proposed appointment of Shri Paras K. Savla as an Independent Director for a 5-year term from 2025 to 2030.
Cut-off date for determining voting eligibility is set for March 19, 2026.
The meeting will be held entirely through Video Conferencing (VC) or Other Audio Visual Means (OAVM).
Remote e-voting facility will be available to all members through the NSDL platform.

💡 Investors should review the appointee's background in the explanatory statement to ensure the board maintains competent independent oversight. This is a routine governance matter and requires no immediate change in investment strategy.

India Ratings Upgrades Ruby Mills' Bank Loan Facilities to 'IND BBB+'/Stable

🟢 POSITIVE ⭐ 7/10

REGULATORY 📅 17 Feb 2026, 03:38 PM

India Ratings and Research has upgraded The Ruby Mills' bank loan facilities of INR 2,482 million to 'IND BBB+' from 'IND BBB', removing the 'Rating Watch' status. The upgrade follows the closure of a Memorandum of Agreement in December 2025, which is expected to improve revenue scale in FY26 and FY27. While the company reported 1HFY26 revenue of INR 1,552 million with a 17.41% EBITDA margin, net leverage deteriorated to 4.91x in FY25 due to increased borrowings for real estate development. Liquidity remains adequate with over INR 1.16 billion in liquid investments and a Debt Service Coverage Ratio expected to stay above 1.20x.

Credit rating for INR 2,482 million bank facilities upgraded to 'IND BBB+'/Stable from 'IND BBB'
1HFY26 revenue stood at INR 1,552 million with absolute EBITDA of INR 270 million
Net leverage increased to 4.91x in FY25 from 2.53x in FY24, expected to exceed 5.0x in FY26
Real estate occupancy at 'The Ruby Tower' was 67% as of January 2026 with key tenants like E&Y and DSP
Company holds liquid investments in mutual funds and government securities worth INR 1,168.49 million

💡 Investors should view the rating upgrade as a sign of improved cash flow visibility from the real estate segment, but remain cautious of the high net leverage and the pending Enforcement Directorate attachment of INR 26 million.

Ruby Mills Credit Rating Upgraded to 'IND BBB+' with Stable Outlook; Rating Watch Removed

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 17 Feb 2026, 03:35 PM

India Ratings has upgraded The Ruby Mills' bank loan facilities of INR 2,482 million to 'IND BBB+' from 'IND BBB', removing the 'Rating Watch' status. The upgrade follows the closure of a Memorandum of Agreement in December 2025, which transferred ownership of leased assets to the company, expected to boost FY26 revenue. While FY25 EBITDA declined to INR 454 million with margins at 18.74%, the company maintains stable rental income from blue-chip tenants like EY and DSP. However, net leverage has increased significantly to 4.91x due to new borrowings for facility upgrades.

Credit rating upgraded to 'IND BBB+'/Stable for facilities totaling over INR 3,800 million.
1HFY26 revenue reported at INR 1,552 million with an EBITDA margin of 17.41%.
Net leverage deteriorated to 4.91x in FY25 from 2.53x in FY24 due to a new INR 2,500 million loan.
Real estate occupancy at 'The Ruby' tower stands at 67% with major lease renewals due in FY27.
Strong liquidity cushion with liquid investments of INR 1,168 million in mutual funds and securities.

💡 Investors should monitor the company's ability to improve occupancy levels and manage its high leverage, which is expected to exceed 5.0x in FY26. The resolution of the minor Enforcement Directorate attachment of INR 26 million is also a key monitorable for governance.

Ruby Mills Q3 FY26 Net Profit Drops 19% YoY to ₹9.46 Cr Despite 23% Revenue Growth

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 13 Feb 2026, 08:30 PM

The Ruby Mills Limited reported a 23% YoY increase in revenue from operations to ₹79.99 crore for the quarter ended December 31, 2025. However, Net Profit declined by 19.1% YoY to ₹9.46 crore, down from ₹11.70 crore in the same period last year, as total expenses surged significantly. While the Textile segment showed healthy growth, the Real Estate segment's profit contribution saw a decline. A key strategic update includes the closure of a development agreement with Mindset Estate Private Limited, with the premises now vesting solely with Ruby Mills.

Revenue from operations grew 23% YoY to ₹7,999.51 lakhs, though it fell 6.6% sequentially from Q2 FY26.
Net Profit for the quarter stood at ₹946.23 lakhs, a 19.1% decline compared to ₹1,170.15 lakhs in Q3 FY25.
Textile segment revenue increased to ₹6,865.89 lakhs from ₹5,654.40 lakhs YoY, showing operational strength in the core business.
Other Income included a one-time profit of ₹218 lakhs from the sale of property, which partially cushioned the bottom line.
Total expenses rose sharply to ₹7,214.61 lakhs from ₹5,474.97 lakhs YoY, driven by higher material and other costs.

💡 Investors should be cautious about the margin compression as expenses are rising faster than revenue growth. Monitor the impact of the newly consolidated real estate assets on future rental or sale income to see if it offsets textile volatility.

Ruby Mills to Incorporate 3 Wholly Owned Subsidiaries for Solar Open Access Project

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 19 Jan 2026, 03:08 PM

The Ruby Mills Limited's board has approved the incorporation of three wholly owned subsidiaries in Mumbai, India. These entities will function as Special Purpose Vehicles (SPVs) for the company's planned investment in a Solar Open Access project. The move is designed to provide the company with increased flexibility in managing its renewable energy investments at a later stage. While specific financial details are yet to be disclosed, the project signifies a strategic shift toward sustainable energy sourcing.

Board approved the incorporation of 3 new wholly owned subsidiaries in Mumbai.
The subsidiaries will act as SPVs for a Solar Open Access project investment.
The structure is intended to provide operational and financial flexibility for future management.
Board meeting was held at shorter notice on January 19, 2026, and concluded in 17 minutes.
Further disclosures regarding the subsidiaries will be made upon their formal incorporation.

💡 Investors should watch for subsequent disclosures regarding the capital expenditure and the expected impact on power cost savings from the solar project. This move into renewable energy infrastructure is a positive long-term strategic development for operational efficiency.

Ruby Mills Complies with SEBI Dematerialization Regulations for Q3 FY2025-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jan 2026, 03:45 PM

The Ruby Mills Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by Bigshare Services Private Limited, confirms that all dematerialization requests received during the quarter ended December 31, 2025, were processed correctly. The company verified that security certificates were mutilated and cancelled within the mandated 15-day timeframe. This filing is a standard administrative procedure to ensure the accuracy of the company's electronic shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025
Registrar Bigshare Services confirmed processing of dematerialization requests within 15 days
Security certificates were mutilated and cancelled after due verification
Depositories have been substituted in the register of members as the registered owners

💡 No action is required from investors as this is a routine regulatory filing confirming standard administrative compliance.

The Ruby Mills to Close Trading Window from Jan 1, 2026 for Q3 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Dec 2025, 06:22 PM

The Ruby Mills Limited has announced the closure of its trading window starting January 01, 2026, in compliance with SEBI Insider Trading regulations. This closure is a standard procedure ahead of the board meeting to consider and approve the un-audited financial results for the quarter ending December 31, 2025. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the financial results are declared. This is a routine regulatory filing and does not indicate any fundamental change in the company's operations.

Trading window closure scheduled to begin on January 01, 2026
Closure is in relation to the approval of un-audited financial results for the quarter ended December 31, 2025
Restriction applies to Directors, Officers, Designated Employees, and Statutory/Internal Auditors
The window will reopen 48 hours after the board meeting results are officially announced

💡 No immediate action is required as this is a standard regulatory compliance. Investors should await the announcement of the board meeting date to review the company's Q3 financial performance.

Ruby Mills Appoints Paras Khimji Savla as Independent Director; Yogen Lathia Retires

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 27 Dec 2025, 05:35 PM

The Ruby Mills Limited has announced a transition in its Board of Directors effective December 2025. Shri Paras Khimji Savla, a Chartered Accountant with over 25 years of experience in taxation and M&A, has been appointed as an Independent Director for a five-year term. Simultaneously, Shri Yogen Shivlal Lathia will retire from his position as an Independent Director upon completing his second consecutive term on December 28, 2025. This move ensures continuity in independent oversight while bringing in fresh expertise in financial and regulatory matters.

Paras Khimji Savla appointed as Additional and Independent Director for a 5-year term from Dec 27, 2025, to Dec 26, 2030.
Yogen Shivlal Lathia to retire on Dec 28, 2025, following the completion of his second consecutive term.
New appointee Paras Savla brings over 25 years of experience in taxation, M&A, valuation, and insolvency resolution.
The appointment is subject to the approval of the company's members as per regulatory requirements.

💡 This is a routine board transition due to term completions and does not necessitate any immediate change in investment stance. Investors should note the addition of a director with strong financial and M&A expertise.

Ruby Mills Appoints Paras Khimji Savla as Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 27 Dec 2025, 05:31 PM

The Ruby Mills Limited has appointed Shri. Paras Khimji Savla as an Independent Director for a five-year term effective December 27, 2025, to December 26, 2030. Mr. Savla is a Chartered Accountant with over 25 years of experience in taxation, M&A, and insolvency, having previously worked with a Big Four firm. This appointment follows the retirement of Shri. Yogen Shivlal Lathia, who completes his second consecutive term on December 28, 2025. The transition represents a routine board refreshment with a focus on bringing in high-level financial and regulatory expertise.

Appointment of Shri. Paras Khimji Savla as Independent Director for a 5-year tenure starting Dec 27, 2025.
Retirement of Shri. Yogen Shivlal Lathia effective Dec 28, 2025, after completing two consecutive terms.
New appointee Paras Khimji Savla brings over 2.5 decades of experience in domestic and international taxation and M&A.
Mr. Savla holds multiple professional qualifications including CA (ICAI & ICAEW), IBBI, and CFE certifications.

💡 This is a routine management transition and board refreshment. Investors should view the addition of a director with Big Four and M&A experience as a positive step for corporate governance and strategic oversight.

Ruby Mills Appoints Paras Khimji Savla as Independent Director; Yogen Lathia to Retire

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 27 Dec 2025, 05:26 PM

The Ruby Mills Limited has announced a transition in its board of directors following a meeting on December 27, 2025. Shri Paras Khimji Savla, a Chartered Accountant with over 25 years of experience in taxation and transaction services, has been appointed as an Independent Director for a five-year term. Simultaneously, Shri Yogen Shivlal Lathia will retire from the board on December 28, 2025, after completing his second consecutive term. This move ensures continuity in independent oversight while bringing in fresh expertise in domestic and international taxation.

Appointment of Shri. Paras Khimji Savla as Independent Director for a 5-year term from Dec 27, 2025, to Dec 26, 2030.
Retirement of Shri. Yogen Shivlal Lathia effective close of business hours on December 28, 2025.
New appointee Paras Khimji Savla brings over 25 years of experience in CA, taxation, and M&A advisory.
The appointment is subject to the approval of the company's members.

💡 No immediate action is required as this is a routine board transition. Investors should monitor if the new director's expertise in taxation and M&A influences future corporate strategy.

View All RUBYMILLS Announcements on Live Market Tracking →

💰 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.