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Precot Ltd

PRECOT

NSE

₹706.80+12.39%13 Nov 2026 at 3:50 PM

Reports

Textiles Technical Textile

Precot Ltd

PRECOT

NSE

₹706.80

+12.39%

13 Nov 2026 at 3:50 PM

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Textiles Technical Textile

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Business Overview: What the company does, in plain English.Growth Catalysts: The forward growth drivers and triggers.Deep Dive Report: In-depth business analysis.

Precot Limited is a textile manufacturer that has spent six decades transforming from a single cotton-spinning mill into a specialised producer of high-purity hygiene and cosmetic fabrics. Incorporated in 1962 and starting production with just over 12,000 spindles in Kerala, the company made its pivotal shift in 2013 by building a greenfield technical-textile plant in Karnataka, diversifying into nonwoven cotton spunlace. The recurring approach that explains everything else is a deliberate move away from commodity yarns toward value-added products where consistency and purity command a premium, while continuously pruning underperforming legacy assets to free up resources for the growth engine.

Business segments

Two engines at different stages - a legacy spinning operation being rationalised for efficiency, and a technical-textiles platform built on top of it that now drives the company’s ambition in hygiene and cosmetics.

1. Spinning: the commodity foundation being reshaped for value

A network of cotton and blended-yarn mills across southern India that is shrinking its commodity exposure and modernising its remaining capacity to feed higher-margin demand.

Makes the yarn that others weave - the division produces cotton yarns, polyester-cotton blends, specialty yarns and sewing threads from organic, BCI (Better Cotton Initiative) and conventional cotton, selling into weaving, knitting and general textile production.
Five mills, one recently closed - manufacturing is spread across units in Kerala, Tamil Nadu and Karnataka with a total capacity of 1,62,720 spindles, after the Hindupur unit in Andhra Pradesh was discontinued in February 2025 because it had been losing money for seven to eight years under high power tariffs and wage costs.
Machinery from the closed unit upgrades the rest - rather than scrapping everything, the company is redeploying usable fixed assets from Hindupur to modernise its other spinning units, including adding 8,400 spindles at its Kanjikode A unit in Kerala.
Pushing toward specialisation - investments in compact spinning and spindle-monitoring systems have been completed, and the division uses yarn-conditioning equipment for precise moisture control plus Italian singeing machines to produce high-quality gassed yarn, all aimed at reducing reliance on commodity products.
Cotton sourced mostly at home - 80% of raw cotton is procured domestically, with the balance imported from the USA and Australia for value-added products, giving the company a natural hedge on local supply while accessing longer-staple imports where needed.

2. Technical Textiles: the hygiene and cosmetics growth engine

A nonwoven cotton spunlace business that makes the absorbent fabric inside sanitary pads, makeup removers and medical wipes - and increasingly sells the finished product under retail brands.

Four-layer fabric is the core - the division’s signature product is a highly absorbent, four-layer cotton spunlace nonwoven that is strong enough for further processing into pads, buds, tampons, wipes and first-aid products.
Totally chlorine-free and toxin-free - the purified cotton range carries OEKO Tex and REACH compliance, contains zero residual chemicals, and is promoted as organic and recycled, which matters because end-users are putting these products on skin and wounds.
Contract manufacturing riding the China-plus-one shift - the division acts as an Indian contract manufacturer for global hygiene brands, with target export markets including the USA, Australia and South Africa, and has recently entered Canada and Vietnam while expanding share in Australia and the UK.
Capacity expansion just landed - utilisation of existing machines was already near optimal, and a planned expansion was held back by machinery delivery delays until the new capacity was finally commissioned in the fourth quarter of FY25.
A dedicated leader with three decades in textiles - the division is run by a director with more than 29 years of industry experience, signalling that the company treats this not as a side project but as a separately led business with its own design and R&D capabilities.

Operations and infrastructure

The company runs a vertically integrated manufacturing backbone across four southern Indian states, with captive green power and a deliberate approach to hedging cotton and currency risk.

In-house design and development - manufacturing is vertically integrated, with facilities located close to raw-material sources and connected by ports and roads, which keeps logistics costs under control while giving access to both skilled and unskilled labour.
Captive power cuts the energy bill - the company operates 5 MW of wind and 10 MW of solar generation, plus gas-based power plants, with own-captive solar at Kanjikode and Hindupur making up the 10 MW in-house solar capacity, and a 12.6 MW group-captive solar tie-up for Pollachi and Hassan, so a large share of its electricity cost is self-generated.
Cotton prices hedged by planning, not derivatives - raw-material price risk is managed through careful purchase planning and the ability to pass cost increases on to customers, while foreign-exchange exposure is naturally hedged by matching export receivables with foreign-currency borrowings, supplemented by forward contracts of less than six months that hedge underlying liabilities and firm commitments and are never used for speculation.
Water recycled on site - effluent treatment plants handle water management, and the company points to recycled water as part of its sustainability credentials alongside the green-energy investments.

Group structure and partners

A lean corporate structure with a single listed entity, a dormant subsidiary, and a family-led management team that has run the business for decades.

Listed on the NSE, one subsidiary with no operations - Precot Limited is listed on the National Stock Exchange of India, and its subsidiary Suprem Associates is a partnership firm that does not conduct any business and is consolidated only as required by accounting standards.
Leadership drawn from the founding family and long-serving executives - the Chairman and Managing Director has more than 25 years in textiles, the Vice Chairman and Managing Director more than 20, and the Executive Director more than 32, while the Technical Textiles Director brings 29 years of specialised experience.
Registered in Coimbatore, operating across the south - the registered office is in Tamil Nadu, while manufacturing spans Kerala, Karnataka and Tamil Nadu, with the Andhra Pradesh unit now closed.

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

₹848Cr

Close Price

₹706.80

Industry

Textiles Technical Textile

Price To Earnings

16.58

Price To Sales

0.92

Revenue

₹994Cr

Rev Gr TTM

Revenue Growth TTM

15.62%

PAT Gr TTM

PAT Growth TTM

137.67%

Consolidated

Standalone

Numbers

Percentage

Quarter	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue RevenueCr	228	228	208	254	212	228	206	214	208	258	246	283
Growth YoY Revenue Growth YoY%	0.3	-4.0	-7.3	-4.8	-6.9	-0.3	-0.7	-15.8	-1.9	13.1	19.1	32.3
Expenses ExpensesCr	210	206	183	226	186	200	178	188	186	221	196	228
Operating Profit Operating ProfitCr	18	23	25	28	26	28	29	25	22	37	50	54
OPM OPM%	7.8	9.9	12.2	10.9	12.3	12.3	13.8	11.8	10.8	14.2	20.2	19.3
Other Income Other IncomeCr	2	4	2	2	1	1	1	0	1	1	1	1
Interest Expense Interest ExpenseCr	8	8	8	9	8	4	8	10	8	11	8	8
Depreciation DepreciationCr	5	4	4	5	4	5	7	7	8	7	8	8
PBT PBTCr	7	14	15	14	15	20	15	9	8	18	35	39
Tax TaxCr	-2	6	4	4	4	4	4	2	2	7	9	9
PAT PATCr	9	12	9	11	9	4	11	7	6	12	27	30
Growth YoY PAT Growth YoY%	131.5	236.4	404.2	1,073.2	4.8	-69.2	20.2	-33.1	-37.4	213.9	135.5	330.4
NPM NPM%	3.9	5.3	4.5	4.1	4.3	1.6	5.5	3.3	2.8	4.6	10.8	10.7
EPS EPS₹	7.3	10.1	7.8	8.8	7.7	3.1	9.4	5.9	4.8	9.8	22.2	25.2

Quarter	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue RevenueCr	228	228	208	254	212	228	206	214	208	258	246	283
Growth YoY Revenue Growth YoY%	0.3	-4.0	-7.3	-4.8	-6.9	-0.3	-0.7	-15.8	-1.9	13.1	19.1	32.3
Expenses ExpensesCr	210	206	183	226	186	200	178	188	186	221	196	228
Operating Profit Operating ProfitCr	18	23	25	28	26	28	29	25	22	37	50	54
OPM OPM%	7.8	9.9	12.2	10.9	12.3	12.3	13.8	11.8	10.8	14.2	20.2	19.3
Other Income Other IncomeCr	2	4	2	2	1	1	1	0	1	1	1	1
Interest Expense Interest ExpenseCr	8	8	8	9	8	4	8	10	8	11	8	8
Depreciation DepreciationCr	5	4	4	5	4	5	7	7	8	7	8	8
PBT PBTCr	7	14	15	14	15	20	15	9	8	18	35	39
Tax TaxCr	-2	6	4	4	4	4	4	2	2	7	9	9
PAT PATCr	9	12	9	11	9	4	11	7	6	12	27	30
Growth YoY PAT Growth YoY%	131.5	236.4	404.2	1,073.2	4.8	-69.2	20.2	-33.1	-37.4	213.9	135.5	330.4
NPM NPM%	3.9	5.3	4.5	4.1	4.3	1.6	5.5	3.3	2.8	4.6	10.8	10.7
EPS EPS₹	7.3	10.1	7.8	8.8	7.7	3.1	9.4	5.9	4.8	9.8	22.2	25.2

Consolidated

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	684	679	709	790	726	665	993	954	841	868	886	994
Growth Revenue Growth%	-8.5	-0.6	4.4	11.4	-8.1	-8.4	49.3	-4.0	-11.9	3.3	2.0	15.6
Expenses ExpensesCr	654	651	688	733	678	572	805	926	771	757	773	831
Operating Profit Operating ProfitCr	29	28	21	57	48	93	189	28	70	111	113	163
OPM OPM%	4.3	4.2	2.9	7.3	6.7	14.0	19.0	2.9	8.3	12.8	12.7	16.4
Other Income Other IncomeCr	-8	25	47	6	11	6	6	7	7	4	3	4
Interest Expense Interest ExpenseCr	38	43	41	41	39	33	29	36	32	29	37	34
Depreciation DepreciationCr	38	34	33	31	33	33	33	33	20	19	29	31
PBT PBTCr	-56	-24	-6	-8	-13	33	134	-35	25	68	50	101
Tax TaxCr	0	0	0	0	4	0	28	-9	3	16	14	26
PAT PATCr	-56	-24	-6	-8	-17	33	105	-26	23	52	36	74
Growth PAT Growth%	-70.1	57.5	75.6	-43.4	-99.8	299.4	220.0	-124.7	187.0	128.6	-30.8	137.7
NPM NPM%	-8.1	-3.5	-0.8	-1.1	-2.3	5.0	10.6	-2.7	2.7	6.0	4.0	7.5
EPS EPS₹	-46.3	-19.7	-4.8	-6.9	-13.8	27.5	87.8	-21.7	14.0	27.4	29.9	62.0

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	684	679	709	790	726	665	993	954	841	868	886	994
Growth Revenue Growth%	-8.5	-0.6	4.4	11.4	-8.1	-8.4	49.3	-4.0	-11.9	3.3	2.0	15.6
Expenses ExpensesCr	654	651	688	733	678	572	805	926	771	757	773	831
Operating Profit Operating ProfitCr	29	28	21	57	48	93	189	28	70	111	113	163
OPM OPM%	4.3	4.2	2.9	7.3	6.7	14.0	19.0	2.9	8.3	12.8	12.7	16.4
Other Income Other IncomeCr	-8	25	47	6	11	6	6	7	7	4	3	4
Interest Expense Interest ExpenseCr	38	43	41	41	39	33	29	36	32	29	37	34
Depreciation DepreciationCr	38	34	33	31	33	33	33	33	20	19	29	31
PBT PBTCr	-56	-24	-6	-8	-13	33	134	-35	25	68	50	101
Tax TaxCr	0	0	0	0	4	0	28	-9	3	16	14	26
PAT PATCr	-56	-24	-6	-8	-17	33	105	-26	23	52	36	74
Growth PAT Growth%	-70.1	57.5	75.6	-43.4	-99.8	299.4	220.0	-124.7	187.0	128.6	-30.8	137.7
NPM NPM%	-8.1	-3.5	-0.8	-1.1	-2.3	5.0	10.6	-2.7	2.7	6.0	4.0	7.5
EPS EPS₹	-46.3	-19.7	-4.8	-6.9	-13.8	27.5	87.8	-21.7	14.0	27.4	29.9	62.0

Consolidated

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	Sep 2026
Equity Capital Equity CapitalCr	12	12	12	12	12	12	12	12	12	12	12	12
Reserves ReservesCr	66	337	331	324	298	330	432	394	406	437	469	520
Current Liabilities Current LiabilitiesCr	304	313	273	276	271	288	379	333	373	370	308	342
Non Current Liabilities Non Current LiabilitiesCr	165	149	208	176	150	128	110	168	163	120	143	119
Total Liabilities Total LiabilitiesCr	547	811	824	787	732	758	933	907	954	939	932	993
Current Assets Current AssetsCr	191	214	256	240	240	286	438	409	422	391	351	419
Non Current Assets Non Current AssetsCr	356	597	568	548	492	472	495	497	532	547	580	574
Total Assets Total AssetsCr	547	811	824	787	732	758	933	907	954	939	932	993

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
Equity Capital Equity CapitalCr	12	12	12	12	12	12	12	12	12	12	12	12
Reserves ReservesCr	66	337	331	324	298	330	432	394	406	437	469	520
Current Liabilities Current LiabilitiesCr	304	313	273	276	271	288	379	333	373	370	308	342
Non Current Liabilities Non Current LiabilitiesCr	165	149	208	176	150	128	110	168	163	120	143	119
Total Liabilities Total LiabilitiesCr	547	811	824	787	732	758	933	907	954	939	932	993
Current Assets Current AssetsCr	191	214	256	240	240	286	438	409	422	391	351	419
Non Current Assets Non Current AssetsCr	356	597	568	548	492	472	495	497	532	547	580	574
Total Assets Total AssetsCr	547	811	824	787	732	758	933	907	954	939	932	993

Consolidated

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	29	20	11	75	61	26	56	49	121	116	90
Investing Cash Flow Investing Cash FlowCr	-6	69	10	-8	21	-8	-55	-30	-69	-37	-64
Financing Cash Flow Financing Cash FlowCr	-23	-87	-17	-68	-82	-17	1	-23	-50	-81	-27
Net Cash Flow Net Cash FlowCr	0	2	4	-1	0	1	2	-4	1	-2	-1
Free Cash Flow Free Cash FlowCr	21	58	19	64	80	16	-1	21	61	72	25
CFO To PAT CFO To PAT%	-52.5	-83.2	-186.3	-912.7	-371.2	78.9	52.7	-189.2	534.6	223.7	252.3
CFO To EBITDA CFO To EBITDA%	99.7	69.7	52.0	131.6	126.9	27.9	29.4	177.3	173.3	104.4	80.2

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	29	20	11	75	61	26	56	49	121	116	90
Investing Cash Flow Investing Cash FlowCr	-6	69	10	-8	21	-8	-55	-30	-69	-37	-64
Financing Cash Flow Financing Cash FlowCr	-23	-87	-17	-68	-82	-17	1	-23	-50	-81	-27
Net Cash Flow Net Cash FlowCr	0	2	4	-1	0	1	2	-4	1	-2	-1
Free Cash Flow Free Cash FlowCr	21	58	19	64	80	16	-1	21	61	72	25
CFO To PAT CFO To PAT%	-52.5	-83.2	-186.3	-912.7	-371.2	78.9	52.7	-189.2	534.6	223.7	252.3
CFO To EBITDA CFO To EBITDA%	99.7	69.7	52.0	131.6	126.9	27.9	29.4	177.3	173.3	104.4	80.2

Consolidated

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	51	104	70	53	26	130	380	218	385	529	637	848
Price To Earnings Price To Earnings						3.9	3.6		22.9	16.1	17.8	16.6
Price To Sales Price To Sales	0.1	0.1	0.1	0.1	0.0	0.2	0.4	0.2	0.5	0.6	0.7	0.9
Price To Book Price To Book	0.7	0.3	0.2	0.2	0.1	0.4	0.8	0.5	0.9	1.2	1.3	1.8
EV To EBITDA EV To EBITDA	13.7	14.7	21.3	6.4	6.5	4.8	3.9	21.3	10.8	7.7	8.7	6.8
Profitability Ratios Profitability Ratios
GPM GPM%	22.9	21.1	20.2	23.1	21.5	29.9	35.3	17.5	21.4	27.6	29.0	29.0
OPM OPM%	4.3	4.2	2.9	7.3	6.7	14.0	19.0	2.9	8.3	12.8	12.7	16.4
NPM NPM%	-8.1	-3.5	-0.8	-1.1	-2.3	5.0	10.6	-2.7	2.7	6.0	4.0	7.5
ROCE ROCE%	-4.0	2.9	4.8	4.9	4.3	9.8	20.2	0.2	7.3	12.4	10.5	15.3
ROE ROE%	-71.0	-6.8	-1.7	-2.5	-5.3	9.6	23.7	-6.4	5.4	11.5	7.5	14.0
ROA ROA%	-10.2	-2.9	-0.7	-1.1	-2.3	4.3	11.3	-2.9	2.4	5.5	3.9	7.5
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	51	104	70	53	26	130	380	218	385	529	637	848
Price To Earnings Price To Earnings						3.9	3.6		22.9	16.1	17.8	16.6
Price To Sales Price To Sales	0.1	0.1	0.1	0.1	0.0	0.2	0.4	0.2	0.5	0.6	0.7	0.9
Price To Book Price To Book	0.7	0.3	0.2	0.2	0.1	0.4	0.8	0.5	0.9	1.2	1.3	1.8
EV To EBITDA EV To EBITDA	13.7	14.7	21.3	6.4	6.5	4.8	3.9	21.3	10.8	7.7	8.7	6.8
Profitability Ratios Profitability Ratios
GPM GPM%	22.9	21.1	20.2	23.1	21.5	29.9	35.3	17.5	21.4	27.6	29.0	29.0
OPM OPM%	4.3	4.2	2.9	7.3	6.7	14.0	19.0	2.9	8.3	12.8	12.7	16.4
NPM NPM%	-8.1	-3.5	-0.8	-1.1	-2.3	5.0	10.6	-2.7	2.7	6.0	4.0	7.5
ROCE ROCE%	-4.0	2.9	4.8	4.9	4.3	9.8	20.2	0.2	7.3	12.4	10.5	15.3
ROE ROE%	-71.0	-6.8	-1.7	-2.5	-5.3	9.6	23.7	-6.4	5.4	11.5	7.5	14.0
ROA ROA%	-10.2	-2.9	-0.7	-1.1	-2.3	4.3	11.3	-2.9	2.4	5.5	3.9	7.5
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

Textiles Technical Textile

	GARFIBRES	PRECOT	SHRJAGP
Market CapitalizationMkt CapCr	7,044	848	689
Close PriceClose₹	721.35	706.80	787.15
IndustryIndustry	Textiles Technical Textile	Textiles Technical Textile	Textiles Technical Textile
Price To EarningsPE	30.07	16.58	11.76
Price To SalesPS	4.01	0.92	1.20
RevenueRevenueCr	1,759	994	573
Revenue Growth TTMRev Gr TTM%	17.4%	15.6%	17.8%
PAT Growth TTMPAT Gr TTM%	15.9%	137.7%	18.5%

	GARFIBRES	PRECOT	SHRJAGP
Market CapitalizationMkt CapCr	7,044	848	689
Close PriceClose₹	721.35	706.80	787.15
IndustryIndustry	Textiles Technical Textile	Textiles Technical Textile	Textiles Technical Textile
Price To EarningsPE	30.07	16.58	11.76
Price To SalesPS	4.01	0.92	1.20
RevenueRevenueCr	1,759	994	573
Revenue Growth TTMRev Gr TTM%	17.4%	15.6%	17.8%
PAT Growth TTMPAT Gr TTM%	15.9%	137.7%	18.5%