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Active Clothing Co Ltd

ACTIVE

BSE

₹94.00-1.10%19 Oct 2026 at 3:57 PM

Reports

Textiles Readymade Apparel

Active Clothing Co Ltd

ACTIVE

BSE

₹94.00

-1.10%

19 Oct 2026 at 3:57 PM

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Textiles Readymade Apparel

Indices

Business Overview: What the company does, in plain English.Growth Catalysts: The forward growth drivers and triggers.Guidance Report: Management guidance vs outcomes.Forensic Report: Accounting quality and red flags.

Active Clothing Co Ltd is a Punjab-based “design-to-shelf” partner that takes a sketch from a global fashion brand and delivers finished garments to stores - all under one roof. It began in 2002 as the official distributor for Levi’s and Dockers in Upper North India, added retail the next year, and from 2005 built its own factories step by step, a path that created the recurring approach behind everything it does: own the full chain from design needle to retail rack, and use the cash flows from one stage to fund the next. Today it exports to more than 30 countries, employs over 2,300 people, and runs its manufacturing and retail engines as two sides of the same coin - making clothes for the world’s brands and selling those same brands to customers across Northern India.

Business segments

Two engines that feed each other - a design-to-shelf manufacturing platform serving global brands, and a multi-brand retail and distribution network that brings those same labels to customers across Northern India.

1. Design-to-shelf manufacturing: where the company makes clothes for the world’s biggest brands

Global fashion labels send a design concept; Active Clothing turns it into finished, certified garments inside a single integrated factory - no middlemen, no handoffs.

One roof, every step - the Fatehgarh Sahib facility covers 230,000 square feet and houses design, 3D prototyping, knitting, sewing, printing, embroidery, garment dyeing, and washing, so a brand’s order never leaves the building until it is packed for shipping.
Four product engines under one ceiling - annual capacity of 4.65 million units is split across sweaters (2.4 million, using 352 computerized machines from Shima Seiki, Stoll and Kauo Heng), t-shirts (1 million, across four lines with over 100 specialized machines), jackets (500,000, with more than 500 dedicated machines), and fly-knit shoe uppers (750,000).
Design sells the factory - an in-house R&D centre and a virtual design studio let brands see 3D garment simulations, tweak colours and patterns in real time, and approve digital samples before a single yarn is cut, which slashes waste and eliminates the back-and-forth of physical sample shipping.
Certifications open doors - the factory holds a bundle of global compliance badges including WRAP, SEDEX-4 Pillar, GOTS, and the Global Recycled Standard, which is why brands like Levi’s, Adidas, and Tchibo trust it as a single-source partner for complex categories like infant sweaters and import-substitute shoe uppers.
Raw materials locked the day the order lands - an ERP system automatically triggers raw-material buying when an order is booked, so the company fixes its input costs immediately and avoids price swings eating into the job.

2. Multi-brand retail and distribution: where the company sells the brands it makes

Active Clothing is the largest Levi’s marketing partner across Chandigarh, Punjab, J&K and Himachal Pradesh, and it runs a growing network of its own multi-brand stores - it is both a brand’s factory and its shopfront.

Distributor with a sales force, not just a warehouse - the company provides real-time sales tracking, brick-by-brick market analysis, pricing support and end-to-end logistics to brands like Levi’s, Celio, Flying Machine, Arrow and Rare Rabbit, reaching over 200 multi-brand retail outlets across Northern India.
Seven own stores, and a new chain taking shape - it operates seven multi-brand stores under the “Active” name in Punjab, and in 2026 launched “NUEMO,” a new retail format aimed at Tier-2 and Tier-3 towns, with stores already opened in locations like Bhawanigarh, Bathinda, Kharar, Sangrur and Barnala.
Flexible formats for small-town India - NUEMO stores come in three sizes: flagship stores of 7,000-8,000 square feet, mid-size stores of 2,000-3,000 square feet, and focused 1,000-2,000-square-foot formats that can be men-only, women-only or kids-only depending on local demand.
The distribution roots run deep - the company started as Levi’s official distributor in 2002, and as recently as FY21 retail sales of readymade garments contributed half of total turnover, showing that selling clothes has always been as central to the business as making them.

Group structure and partners

Active Clothing is a single-entity company with no subsidiaries or joint ventures, run by a tight-knit promoter group and backed by machinery partnerships with the world’s largest knitting-machine makers.

Standalone structure - the company has no subsidiary, joint venture or associate company; all operations sit inside Active Clothing Co Limited itself.
Promoter-led, with deep textile expertise - Managing Director Rajesh Kumar Mehra holds a textile-technology degree and is supported by a leadership team whose COO, CEO, VP and Production Director each bring 11 to 27 years of industry experience; promoters collectively hold roughly 73.6% of the equity.
Machine partners are global leaders - a long-term agreement with Ning Bo Cixing of China (the world’s largest maker of computerized flat knitting machines) will supply 600 advanced machines for the new knit-to-shape factory, while an earlier deal with Japan’s Shima Seiki added capacity for another one million garments a year.
Brand relationships are direct and contractual - manufacturing agreements signed with Adidas India and Puma Sports India in October 2024 made the company a Tier-1 supplier to both, deepening a customer list that already included Levi’s, Bestseller, Next and Tchibo.

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Price

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Mkt Cap

Market Capitalization

₹146Cr

Close Price

₹94.00

Industry

Textiles Readymade Apparel

Price To Earnings

14.46

Price To Sales

0.46

Revenue

₹320Cr

Rev Gr TTM

Revenue Growth TTM

1.70%

PAT Gr TTM

PAT Growth TTM

8.44%

Standalone

Numbers

Percentage

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	77	53	38	46	81	100	68	64	83	96	73	68
Growth YoY Revenue Growth YoY%	2.3	11.6	-13.6	4.0	6.0	88.9	80.2	38.8	1.6	-3.5	6.4	4.8
Expenses ExpensesCr	70	48	33	41	73	91	63	58	76	88	67	61
Operating Profit Operating ProfitCr	7	5	5	6	8	9	5	7	7	8	5	7
OPM OPM%	8.6	10.1	13.0	12.0	9.9	8.8	7.6	10.8	8.4	8.5	7.5	10.4
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	0	1	1	0
Interest Expense Interest ExpenseCr	2	2	1	2	3	3	3	3	2	3	2	3
Depreciation DepreciationCr	3	2	2	2	2	2	2	2	2	2	2	2
PBT PBTCr	2	1	2	2	3	4	1	3	3	4	2	3
Tax TaxCr	0	0	0	0	1	1	0	0	0	1	1	0
PAT PATCr	2	1	1	1	2	3	2	2	3	4	2	2
Growth YoY PAT Growth YoY%	64.5	26.0	243.6	63.5	35.9	223.7	21.6	76.0	13.4	11.5	-0.6	5.2
NPM NPM%	2.4	1.8	3.5	2.6	3.0	3.1	2.4	3.3	3.4	3.6	2.2	3.3
EPS EPS₹	1.2	0.6	0.9	0.8	1.6	2.0	1.1	1.4	1.8	2.3	1.1	1.4

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	77	53	38	46	81	100	68	64	83	96	73	68
Growth YoY Revenue Growth YoY%	2.3	11.6	-13.6	4.0	6.0	88.9	80.2	38.8	1.6	-3.5	6.4	4.8
Expenses ExpensesCr	70	48	33	41	73	91	63	58	76	88	67	61
Operating Profit Operating ProfitCr	7	5	5	6	8	9	5	7	7	8	5	7
OPM OPM%	8.6	10.1	13.0	12.0	9.9	8.8	7.6	10.8	8.4	8.5	7.5	10.4
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	0	1	1	0
Interest Expense Interest ExpenseCr	2	2	1	2	3	3	3	3	2	3	2	3
Depreciation DepreciationCr	3	2	2	2	2	2	2	2	2	2	2	2
PBT PBTCr	2	1	2	2	3	4	1	3	3	4	2	3
Tax TaxCr	0	0	0	0	1	1	0	0	0	1	1	0
PAT PATCr	2	1	1	1	2	3	2	2	3	4	2	2
Growth YoY PAT Growth YoY%	64.5	26.0	243.6	63.5	35.9	223.7	21.6	76.0	13.4	11.5	-0.6	5.2
NPM NPM%	2.4	1.8	3.5	2.6	3.0	3.1	2.4	3.3	3.4	3.6	2.2	3.3
EPS EPS₹	1.2	0.6	0.9	0.8	1.6	2.0	1.1	1.4	1.8	2.3	1.1	1.4

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	112	120	127	154	148	73	115	200	212	296	316	320
Growth Revenue Growth%	1.3	7.1	6.1	21.3	-4.2	-50.6	57.3	74.2	5.9	39.5	6.8	1.7
Expenses ExpensesCr	99	106	111	138	135	63	106	187	191	269	289	292
Operating Profit Operating ProfitCr	14	14	16	16	13	10	9	13	21	28	28	28
OPM OPM%	12.1	11.3	12.5	10.5	8.9	14.3	8.1	6.7	9.8	9.3	8.7	8.6
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	0	1	2	2
Interest Expense Interest ExpenseCr	6	6	7	6	8	7	6	7	8	11	10	10
Depreciation DepreciationCr	6	5	6	6	4	4	3	4	7	7	7	7
PBT PBTCr	2	2	4	4	1	0	1	3	6	10	12	12
Tax TaxCr	1	1	1	1	0	0	0	1	1	2	2	2
PAT PATCr	2	2	2	3	1	0	1	2	5	8	10	10
Growth PAT Growth%	0.4	4.2	47.3	29.2	-72.0	-93.6	844.0	334.6	115.2	73.7	18.9	8.4
NPM NPM%	1.4	1.3	1.9	2.0	0.6	0.1	0.5	1.1	2.3	2.9	3.2	3.2
EPS EPS₹	82.6	86.0	54.0	2.0	0.6	0.0	0.3	1.5	3.1	5.5	6.5	6.5

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	112	120	127	154	148	73	115	200	212	296	316	320
Growth Revenue Growth%	1.3	7.1	6.1	21.3	-4.2	-50.6	57.3	74.2	5.9	39.5	6.8	1.7
Expenses ExpensesCr	99	106	111	138	135	63	106	187	191	269	289	292
Operating Profit Operating ProfitCr	14	14	16	16	13	10	9	13	21	28	28	28
OPM OPM%	12.1	11.3	12.5	10.5	8.9	14.3	8.1	6.7	9.8	9.3	8.7	8.6
Other Income Other IncomeCr	0	0	0	0	0	0	0	0	0	1	2	2
Interest Expense Interest ExpenseCr	6	6	7	6	8	7	6	7	8	11	10	10
Depreciation DepreciationCr	6	5	6	6	4	4	3	4	7	7	7	7
PBT PBTCr	2	2	4	4	1	0	1	3	6	10	12	12
Tax TaxCr	1	1	1	1	0	0	0	1	1	2	2	2
PAT PATCr	2	2	2	3	1	0	1	2	5	8	10	10
Growth PAT Growth%	0.4	4.2	47.3	29.2	-72.0	-93.6	844.0	334.6	115.2	73.7	18.9	8.4
NPM NPM%	1.4	1.3	1.9	2.0	0.6	0.1	0.5	1.1	2.3	2.9	3.2	3.2
EPS EPS₹	82.6	86.0	54.0	2.0	0.6	0.0	0.3	1.5	3.1	5.5	6.5	6.5

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	0	0	16	16	16	16	16	16	16	16	16
Reserves ReservesCr	28	29	42	45	46	46	47	49	54	62	72
Current Liabilities Current LiabilitiesCr	38	50	51	75	75	46	62	85	118	165	168
Non Current Liabilities Non Current LiabilitiesCr	33	30	29	24	19	26	21	29	33	37	45
Total Liabilities Total LiabilitiesCr	98	110	137	160	155	134	146	178	220	279	305
Current Assets Current AssetsCr	52	67	88	117	116	99	113	121	160	215	236
Non Current Assets Non Current AssetsCr	47	43	49	42	38	35	32	57	60	64	69
Total Assets Total AssetsCr	98	110	137	160	155	134	146	178	220	279	305

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	0	0	16	16	16	16	16	16	16	16	16
Reserves ReservesCr	28	29	42	45	46	46	47	49	54	62	72
Current Liabilities Current LiabilitiesCr	38	50	51	75	75	46	62	85	118	165	168
Non Current Liabilities Non Current LiabilitiesCr	33	30	29	24	19	26	21	29	33	37	45
Total Liabilities Total LiabilitiesCr	98	110	137	160	155	134	146	178	220	279	305
Current Assets Current AssetsCr	52	67	88	117	116	99	113	121	160	215	236
Non Current Assets Non Current AssetsCr	47	43	49	42	38	35	32	57	60	64	69
Total Assets Total AssetsCr	98	110	137	160	155	134	146	178	220	279	305

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	7	3	7	-3	6	16	10	14	21	-10	14
Investing Cash Flow Investing Cash FlowCr	-13	-1	-15	0	2	-1	0	-17	-19	-11	-11
Financing Cash Flow Financing Cash FlowCr	7	-3	9	4	-7	-15	-10	-1	-1	21	3
Net Cash Flow Net Cash FlowCr	1	-1	1	1	1	0	0	-4	0	0	7
Free Cash Flow Free Cash FlowCr	-6	0	-5	-4	6	15	10	9	-11	-13	8
CFO To PAT CFO To PAT%	458.3	174.9	278.4	-89.7	725.2	28,687.7	2,009.3	630.6	427.2	-122.7	137.5
CFO To EBITDA CFO To EBITDA%	52.4	20.7	41.4	-17.0	47.3	151.5	112.3	106.3	99.3	-37.7	50.2

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	7	3	7	-3	6	16	10	14	21	-10	14
Investing Cash Flow Investing Cash FlowCr	-13	-1	-15	0	2	-1	0	-17	-19	-11	-11
Financing Cash Flow Financing Cash FlowCr	7	-3	9	4	-7	-15	-10	-1	-1	21	3
Net Cash Flow Net Cash FlowCr	1	-1	1	1	1	0	0	-4	0	0	7
Free Cash Flow Free Cash FlowCr	-6	0	-5	-4	6	15	10	9	-11	-13	8
CFO To PAT CFO To PAT%	458.3	174.9	278.4	-89.7	725.2	28,687.7	2,009.3	630.6	427.2	-122.7	137.5
CFO To EBITDA CFO To EBITDA%	52.4	20.7	41.4	-17.0	47.3	151.5	112.3	106.3	99.3	-37.7	50.2

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr			99	48	17	25	40	66	178	167	140	146
Price To Earnings Price To Earnings			41.6	15.7	19.4	400.0	75.0	29.0	36.7	19.8	13.9	14.5
Price To Sales Price To Sales			0.8	0.3	0.1	0.3	0.3	0.3	0.8	0.6	0.4	0.5
Price To Book Price To Book			1.7	0.8	0.3	0.4	0.6	1.0	2.6	2.2	1.6	1.7
EV To EBITDA EV To EBITDA			9.3	6.5	5.6	7.1	9.3	10.8	12.6	10.4	9.4	9.8
Profitability Ratios Profitability Ratios
GPM GPM%	31.7	28.5	28.2	28.1	25.4	33.4	27.5	27.9	32.4	30.1	29.4	29.4
OPM OPM%	12.1	11.3	12.5	10.5	8.9	14.3	8.1	6.7	9.8	9.3	8.7	8.6
NPM NPM%	1.4	1.3	1.9	2.0	0.6	0.1	0.5	1.1	2.3	2.9	3.2	3.2
ROCE ROCE%	9.3	9.6	9.4	8.3	7.5	6.0	5.5	7.1	9.0	10.9	10.5	10.5
ROE ROE%	5.5	5.4	4.2	5.0	1.4	0.1	0.8	3.5	7.0	10.9	11.5	11.5
ROA ROA%	1.6	1.5	1.7	1.9	0.6	0.0	0.4	1.3	2.2	3.0	3.3	3.3
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr			99	48	17	25	40	66	178	167	140	146
Price To Earnings Price To Earnings			41.6	15.7	19.4	400.0	75.0	29.0	36.7	19.8	13.9	14.5
Price To Sales Price To Sales			0.8	0.3	0.1	0.3	0.3	0.3	0.8	0.6	0.4	0.5
Price To Book Price To Book			1.7	0.8	0.3	0.4	0.6	1.0	2.6	2.2	1.6	1.7
EV To EBITDA EV To EBITDA			9.3	6.5	5.6	7.1	9.3	10.8	12.6	10.4	9.4	9.8
Profitability Ratios Profitability Ratios
GPM GPM%	31.7	28.5	28.2	28.1	25.4	33.4	27.5	27.9	32.4	30.1	29.4	29.4
OPM OPM%	12.1	11.3	12.5	10.5	8.9	14.3	8.1	6.7	9.8	9.3	8.7	8.6
NPM NPM%	1.4	1.3	1.9	2.0	0.6	0.1	0.5	1.1	2.3	2.9	3.2	3.2
ROCE ROCE%	9.3	9.6	9.4	8.3	7.5	6.0	5.5	7.1	9.0	10.9	10.5	10.5
ROE ROE%	5.5	5.4	4.2	5.0	1.4	0.1	0.8	3.5	7.0	10.9	11.5	11.5
ROA ROA%	1.6	1.5	1.7	1.9	0.6	0.0	0.4	1.3	2.2	3.0	3.3	3.3
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

	BELLACASA	CPS	ZODIACLOTH	ACTIVE	FASCINATE	SCOOBEEDAY	RIYAASAT
Market CapitalizationMkt CapCr	315	249	180	146	139	112	106
Close PriceClose₹	235.00	1,080.00	65.48	94.00	100.90	66.00	98.50
IndustryIndustry	Textiles Readymade Apparel	Textiles Readymade Apparel	Textiles Readymade Apparel	Textiles Readymade Apparel	Textiles Readymade Apparel	Textiles Readymade Apparel	Textiles Readymade Apparel
Price To EarningsPE	17.39	2,347.83		14.46
Price To SalesPS	0.70	7.98	1.15	0.46	1.19	4.45	3.17
RevenueRevenueCr	446	31	156	320	117	25	33
Revenue Growth TTMRev Gr TTM%	22.4%	1.3%	-11.3%	1.7%		-54.2%	34.5%
PAT Growth TTMPAT Gr TTM%	4.7%	-24.7%	5.7%	8.4%		-364.4%	8.7%

	BELLACASA	CPS	ZODIACLOTH	ACTIVE	FASCINATE	SCOOBEEDAY	RIYAASAT
Market CapitalizationMkt CapCr	315	249	180	146	139	112	106
Close PriceClose₹	235.00	1,080.00	65.48	94.00	100.90	66.00	98.50
IndustryIndustry	Textiles Readymade Apparel	Textiles Readymade Apparel	Textiles Readymade Apparel	Textiles Readymade Apparel	Textiles Readymade Apparel	Textiles Readymade Apparel	Textiles Readymade Apparel
Price To EarningsPE	17.39	2,347.83		14.46
Price To SalesPS	0.70	7.98	1.15	0.46	1.19	4.45	3.17
RevenueRevenueCr	446	31	156	320	117	25	33
Revenue Growth TTMRev Gr TTM%	22.4%	1.3%	-11.3%	1.7%		-54.2%	34.5%
PAT Growth TTMPAT Gr TTM%	4.7%	-24.7%	5.7%	8.4%		-364.4%	8.7%