The shares of this micro cap company majorly engaged in the business of manufacturing and trading of carded, combed and compact combed cotton yarns and cotton bales,hits upper circuit of 10% after the management considers bonus issue
With the market capitalization of Rs. 361 Crores, the shares of Aastha Spintex Ltd reached an intraday high of Rs. 81.76 per share rising nearly over 10 percent from its previous day close of Rs. 74.33 per share and is trading at a P/E of 14.6 whereas industry P/E stands at 18.1
What is the NEWS
Aastha Spintex Ltd has fixed September 28, 2026 as the record date for determining the shareholders eligible to receive bonus equity shares. The decision was taken at the board meeting held on September 22, 2026, following approval from the company’s members and in-principle approval from the stock exchanges. The approved Bonus issue stands at a ratio of 1:1 which means the share holder will get an additional share for every 1 share held.
The record date will determine the shareholders entitled to the bonus shares in accordance with the applicable provisions of the Companies Act, 2013, SEBI regulations and other relevant laws. The board meeting commenced at 9:30 AM and concluded at 10:00 AM.
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Recently, Aastha Spintex has also undertaken a 1.35 MW Solar Energy Project for Falcon Yarns, which is a project geared toward increasing efficiency in terms of energy utilization and cutting down power costs. This project should help the company become less dependent on traditional sources of energy.
About the Company and Financials
Aastha Spintex Limited is a textile manufacturing company that produces spun cotton yarn. The company operates an integrated manufacturing plant that is based in Saurashtra, Gujarat. The company was founded on principles of innovation, sustainability, and quality. The company’s target market consists of customers along the entire textile value chain.
Products offered by the company include cotton yarn in the form of carded yarn, combed yarn, and combed compact yarn suitable for weaving and knitting uses. The Aastha Spintex Company mentions its emphasis on using renewable sources like solar and wind energy in its operations and the benefits of its vertical organization.
Year on Year analysis: Revenue from operations has decreased from Rs. 91.9 Crores to Rs. 77.47 Crores, down 15 percent. Operating profit has increased from Rs. 7.42 Crores to Rs. 9.11 Crores, up 22.7 percent and net profit has increased from Rs. 2.28 Crores to Rs. 3.09 Crores, up 35.5 percent
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Quarter on Quarter analysis: Revenue from operations has decreased from Rs. 141.48 Crores to Rs. 77.47 Crores, down 45 percent. Operating profit has decreased from Rs. 20.23 Crores to Rs. 9.11 Crores, down 55 percent and net profit has decreased from Rs. 10.79 Crores to Rs. 3.09 Crores, down 71 percent