Zodiac Clothing Co. Ltd.
NSE: ZODIACLOTH · Garments & Apparels · sector
₹65.64NSE close 2026-10-26
Key numbers
Market cap₹180 cr
Price₹65.64
52w high / low₹104 / ₹58
P/E–Sector median 15.0x
P/B1.0xSector median 1.5x
Book value₹66.3
Dividend yield–Sector median 0.84%
ROE-5.7%Sector median 10.6%
ROCE-10.4%Sector median 9.9%
OPM-7.7%Sector median 8.6%
Debt / equity0.27xSector median 0.33x
EV/EBITDA–Sector median 9.3x
Interest cover-2.4x
Current ratio1.10x
Sales growth 3y-2.6%Sector median +6.2%
Profit growth 3y–Sector median +11.5%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 43 companies in Garments & Apparels (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹18 cr vs borrowings ₹48 cr (FY26): borrowings are higher by ₹30 cr.
- Borrowings rose in each of the last 3 years (₹37 cr → ₹48 cr).
- Operating profit covered interest -2.4x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 1.53 percentage points in a year, to 72.93% (2026-09-30).
- Operating cash flow was below net profit in 1 of the last 5 years (FY23).
- Net loss in 7 of the last 8 quarters.
- Revenue was higher than a year earlier in 0 of the last 4 quarters.
- Debtor days went from 53 (FY24) to 43 (FY26).
- No dividend in the last 5 financial years.
- Price ₹65.64 on 2026-10-26: -36.9% from the 52-week high, +12.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹143.06 · low ₹61.15
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43 | 46 | 48 | 39 | 37 | 41 | 45 | 33 |
| EBITDA | -4 | -4 | -4 | -4 | -7 | -2 | -0 | -3 |
| OPM % | -8.7% | -9.1% | -8.6% | -10.0% | -17.9% | -4.6% | -0.8% | -9.7% |
| Other income | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 2 |
| Net profit | -14 | -10 | -3 | -9 | 12 | -9 | -5 | -9 |
| EPS (₹) | -5.42 | -3.91 | -1.22 | -3.59 | 4.55 | -3.32 | -2.00 | -3.25 |
| Revenue YoY | -14.8% | -9.8% | -6.9% | -14.8% | ||||
| Profit YoY | – | – | – | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 127 | 175 | 146 | 174 | 162 | 156 |
| EBITDA | -18 | 32 | -19 | -21 | -13 | -12 |
| Net profit | -16 | 16 | -36 | -37 | -35 | -11 |
| EPS (₹) | -6.61 | 6.42 | -13.99 | -14.31 | -13.33 | -4.02 |
| Revenue growth | +38.0% | -16.6% | +19.6% | -7.4% | -11.3% | |
| Profit growth | – | -327.6% | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -2.6% | +10.0% | -11.3% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -26.1% (2y) | -36.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 279 | 246 | 206 | 182 |
| Borrowings | – | 37 | 40 | 46 | 48 |
| Cash & equivalents | – | 43 | 28 | 9 | 18 |
| Total assets | – | 381 | 382 | 350 | 342 |
| Fixed assets | – | 86 | 85 | 87 | 85 |
| Capital work in progress | – | 4 | 6 | 1 | – |
| Investments | – | 52 | 44 | 36 | 27 |
| Receivables | – | 25 | 21 | 21 | 19 |
| Inventory | – | 59 | 60 | 66 | 61 |
| Payables | – | 23 | 34 | 38 | 40 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -5 | 1 | -5 | -9 | 9 |
| Cash from investing | 7 | 16 | 17 | 29 | -4 |
| Cash from financing | -10 | -15 | -15 | -20 | -7 |
| Capex | 4 | 5 | 13 | 4 | 4 |
| Free cash flow | -9 | -4 | -18 | -13 | 5 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 5.7% | -14.8% | -18.1% | -19.3% |
| ROCE % | – | 7.1% | -10.3% | -11.2% | -10.3% |
| Debtor days | – | 52 | 53 | 44 | 43 |
| Inventory days | – | 273 | 353 | 320 | 368 |
| Payable days | – | 107 | 202 | 187 | 240 |
| Cash conversion cycle (days) | – | 218 | 204 | 177 | 171 |
| Working capital days | – | 169 | 119 | 50 | 26 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 72.93% |
| Public (non-institutions) | 27.07% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Jan 2026 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 71.40% | 71.40% | 71.40% | 71.40% | 72.93% | 72.93% | 72.93% | 72.93% |
| Promoter group | % |
|---|---|
| Salman Yusuf Noorani | 22.04% |
| Late Mohamed Anees Noorani | 21.85% |
| Euro Global Holdings PTE. Ltd. | 11.49% |
| Asia Tangible Investments PTE Ltd. | 11.49% |
| Adnan Salman Noorani | 1.62% |
| Saniyya Noorani | 1.41% |
| Zehra Salman Noorani | 0.89% |
| Late Mohammed Y Noorani | 0.85% |
| Mohamed Musaed ABU Nasr Noorani | 0.50% |
| Mohamed Awais Jehangir Noorani | 0.47% |
| Muna Anees Noorani | 0.32% |
| M Y Noorani 2007 Trust (Trustee - Anees Yusuf Noorani and Salman Yusuf Noorani) | 0.00% |
| Zain Noorani | 0.00% |
| Rayyan Salman Noorani | 0.00% |
| Public holders above 1% | % |
|---|---|
| Enam Investments Private Limited | 2.42% |
| Nemish S Shah | 1.48% |
| Blue Daimond Properties PVT Ltd | 1.46% |
10,114 shareholders. Pledged: 0.00% of promoter shares.
Peers in Garments & Apparels
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PAGEIND | ₹37,823 cr | 50.0x | 25.2x | 52.0% | 70.2% | 20.8% | +3.1% | 1.77% |
| ARVIND | ₹12,646 cr | 30.5x | 3.1x | 10.6% | 14.2% | 10.5% | +3.5% | 0.82% |
| PGIL | ₹11,177 cr | 36.0x | 7.7x | 23.7% | 21.2% | 9.6% | +16.7% | 0.54% |
| GOKEX | ₹4,743 cr | 46.0x | 2.2x | 4.9% | 8.9% | 8.8% | +21.5% | – |
| LUXIND | ₹3,206 cr | 30.1x | 1.8x | 5.7% | 7.5% | 6.2% | +7.2% | 0.05% |
| SBC | ₹3,034 cr | 75.0x | 30.3x | 47.3% | 15.2% | 8.6% | +27.2% | – |
| KKCL | ₹2,604 cr | 17.6x | 2.8x | 16.8% | 22.9% | 19.9% | +15.9% | 0.96% |
| KITEX | ₹2,206 cr | – | 2.1x | -2.8% | 1.0% | 3.5% | +6.2% | 0.45% |
| SPAL | ₹2,085 cr | 19.8x | 2.2x | 11.7% | 14.3% | 14.1% | +13.6% | 0.24% |
| ZODIACLOTH | ₹180 cr | – | 1.0x | -5.7% | -10.4% | -7.7% | -2.6% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2023-09-18 | Other | Annual General Meeting |
| 2022-09-19 | Other | Annual General Meeting |
| 2021-09-16 | Other | Annual General Meeting |
| 2020-12-17 | Other | Annual General Meeting |
| 2019-07-25 | Dividend | Dividend - Re 1 Per Share |
| 2018-08-21 | Dividend | Annual General Meeting/Dividend- Re 1 Per Share |
| 2017-08-02 | Dividend | Annual General Meeting/Dividend - Re 1/- Per Share |
| 2016-08-03 | Dividend | Annual General Meeting/Dividend - Re 1/- Per Share |
| 2015-07-29 | Dividend | Annual General Meeting/Dividend Rs 2.50/- Per Share |
| 2015-03-20 | Dividend | Interim Dividend - Re 0.60/- Per Share |
| 2014-07-30 | Dividend | Annual General Meeting / Dividend - Rs 4.50/- Per Share |
| 2013-08-01 | Dividend | Annual General Meeting And Dividend Rs.2/- Per Share |
| 2013-02-21 | Dividend | Interim Dividend Rs 1.50 Per Share |
| 2012-02-24 | Dividend | Interim Dividend Re.1/- Per Share |
| 2011-09-27 | Bonus | Bonus 1:2 |
| 2011-07-07 | Dividend | Annual General Meeting And Dividend Rs.5/- Per Share |
| 2010-08-23 | Bonus | Bonus 1:2 |
| 2010-07-16 | Dividend | Annual General Meeting And Dividend Rs.7/- Per Share |
| 2009-08-17 | Other | Agm/Div-Rs.6.50 Per Share |
| 2008-08-11 | Other | Agm/Div-Rs.6.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Garments & Apparels |
| Sub-industry | Garments & Apparels |
| Symbol | ZODIACLOTH |
| BSE code | 521163 |
| ISIN | INE206B01013 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.