Active Clothing Co Ltd (ACTIVE)

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Active Clothing Co Ltd (ACTIVE) · mywealthgrid

About

Active Clothing Co Ltd is a garment and apparel manufacturer in India's consumer discretionary sector. With a market capitalization of ₹168.56 Cr, the company achieved standalone revenues of approximately ₹296 Cr in FY25, a 39% increase from FY24's ₹212 Cr. The company is promoter-led with 73.58% ownership concentration.

Face value: ₹10

Market cap

₹152 Cr

P/E

18.0×

P/B

1.6×

Dividend yield

ROE

11.8%

ROCE

17.7%

Debt / equity

1.36

OPM

8.7%

EPS (TTM)

₹5.4

Book value

₹59.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin erosion: Operating margin declined 5.4 percentage points from 12.97% (Mar 2024) to 7.59% (Mar 2025) despite 39% revenue growth; verify whether driven by input-cost inflation, competitive pricing pressure, or product mix shift.
High leverage amid compression: Debt-to-equity of 1.23 (~₹206 Cr debt on ₹168.56 Cr market cap) limits financial flexibility as profitability pressures mount; verify debt maturity, refinancing terms, and covenant headroom.
Earnings volatility: EPS ranged from ₹0 to ₹4.04 across recent quarters despite consistent profitability; verify whether driven by accounting/tax timing or operational inconsistency.
Market skepticism: Stock price down 19.32% YoY despite 39% revenue growth, suggesting investors doubt margin sustainability or management execution.

Generated analysis · source review pending

Growth drivers

Revenue and earnings momentum: Standalone revenue grew 39% YoY to ~₹296 Cr; net profit grew 74% (FY24: ~₹4.86 Cr → FY25: ~₹8.44 Cr), demonstrating absolute earnings expansion; verify whether recent margin pressure is cyclical or structural.
Sector consumption growth: Indian apparel consumption rises with per-capita incomes and e-commerce adoption; verify company's positioning in these channels (online, branded, B2B exports, tier-2/3 retail).
Small-cap scale opportunity: At ₹168.56 Cr market cap, company is below ₹500 Cr typical mid-cap threshold; verify management's roadmap for scale and whether capital structure supports growth without dilution.

Generated analysis · source review pending

1,454 historical price candles were omitted because the exchange source has not been verified.

₹98.0-0.7%1Y

Quick read

rule-based

Pros

+Profit CAGR of 178.5% over the last 5 years
+Revenue CAGR of 34% over the last 5 years
+High promoter holding of 73.6% with no pledge

Cons

−Low return on equity of 10.2% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

62/100

Business quality: 24
Growth: 85
Valuation: 77

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	73	115	200	212	296	316
COGS	48	82	143	142	205	221
Gross profit	25	33	57	71	91	95
	14	23	44	50	63	68
	10	9	13	21	28	28
OPM %	14.3%	8.1%	6.7%	9.9%	9.3%	8.7%
Depreciation	4	3	4	7	7	7
Interest	7	6	7	8	11	10
	0	0	0	0	1	2
Profit before tax	0	1	3	6	10	12
Tax	0	0	1	1	2	2
Tax %	28.6%	26.8%	25.4%	17.8%	15.6%	16.7%
	0	1	2	5	8	10
PAT margin %	0.1%	0.5%	1.1%	2.3%	2.9%	3.2%
EPS (₹)	0	—	—	3.1	5.5	6.5
EPS adjusted (₹)	0	0.3	1.5	3.1	5.5	6.5
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	16	16	16	16	16	16
Reserves	46	47	49	54	62	77
Minority interest	—	—	0	—	—	—
	58	51	79	86	118	126
	14	32	35	65	84	86
Total equity & liabilities	134	146	178	220	279	305
	34	31	33	58	53	54
CWIP	0	0	12	—	8	11
Investments	0	0	0	0	0	0
	100	114	133	163	218	240
Total assets	134	146	178	220	279	305

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	16	10	14	21	-10	14
	-1	-0	-17	-19	-11	-11
	-15	-10	-1	-1	21	3
Net cash flow	0	-0	-4	0	-0	7
Free cash flow	15	10	-3	1	-21	-3
CFO / Operating profit %	151.5%	112.2%	106.3%	99.3%	-37.7%	50.2%

Compounded sales growth

7 years: —
5 years: 34%
3 years: 16%
1 year: 7%

Compounded profit growth

7 years: —
5 years: 179%
3 years: 64%
1 year: 19%

Return on equity

7 years: —
5 years: 7%
3 years: 10%
Last year: 11%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	33.8%	28.4%	28.6%	33.3%	30.7%	30%
EBITDA margin %	14.3%	8.1%	6.7%	9.9%	9.3%	8.7%
EBIT margin %	9.1%	5.1%	4.9%	6.4%	6.9%	6.5%
PAT margin %	0.1%	0.5%	1.1%	2.3%	2.9%	3.2%
Working capital
Receivable days	149	124	87	128	128	133
Inventory days	467	275	167	187	154	169
Payable days	91	88	60	116	113	105
NWC days	525	310	194	199	170	197
Leverage
Current ratio	2.14	1.82	1.43	1.35	1.31	1.41
Debt to EBITDA	5.54	5.51	5.89	4.11	4.29	4.58
Debt to equity	0.94	0.83	1.23	1.24	1.53	1.36
Interest coverage	1	1.1	1.4	1.7	1.9	2.2
Asset turnover	0.55	0.79	1.13	0.96	1.06	1.04
Return ratios
Return on assets %	0%	0.4%	1.3%	2.2%	3%	3.3%
Return on capital employed %	7.9%	7.3%	11.6%	14.3%	19.8%	17.7%
Return on equity %	0.1%	0.8%	3.5%	7%	10.9%	10.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.58%	73.58%	73.58%	73.58%	73.58%	73.58%	73.58%	73.58%	73.58%	73.58%	73.58%	73.58%
FII	0%	0%	0%	0.02%	0.02%	0.02%	0.02%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	26.42%	26.42%	26.42%	26.4%	26.4%	26.4%	26.4%	26.42%	26.42%	26.42%	26.42%	26.42%
No. of shareholders	—	—	—	—	—	—	—	—	2,655	2,662	2,537	2,272

Promoter holding up 0 percentage points since Sep 2023.

15 deals · 2 Nov 2023 – 28 Apr 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
28 Apr 2026	SUBHASH PHOOTARMAL RATHOD	Bulk	BSE	Sell	1,34,012	₹140.00	₹1.88 Cr
21 Feb 2025	RAVINDER KUMAR AGARWAL	Bulk	BSE	Buy	1,26,826	₹139.84	₹1.77 Cr
21 Feb 2025	SULOCHANA RANI BALUSU	Bulk	BSE	Sell	1,25,000	₹139.86	₹1.75 Cr
18 Oct 2024	SULOCHANA RANI BALUSU	Bulk	BSE	Buy	78,411	₹141.82	₹1.11 Cr
18 Oct 2024	SULOCHANA RANI BALUSU	Bulk	BSE	Sell	10,000	₹147.95	₹0.15 Cr
15 Oct 2024	VT CAPITAL MARKET PRIVATE LIMITED	Bulk	BSE	Sell	86,038	₹116.89	₹1.01 Cr
8 Dec 2023	LAXMAN SOPAN WAGHMODE	Bulk	BSE	Buy	1,34,349	₹97.05	₹1.30 Cr
30 Nov 2023	LOKESH KUMAR	Bulk	BSE	Sell	1,00,000	₹80.60	₹0.81 Cr
30 Nov 2023	LOKESH KUMAR	Bulk	BSE	Buy	1,00,000	₹80.60	₹0.81 Cr
30 Nov 2023	DB (INTL) OWN TRADING	Bulk	BSE	Sell	1,00,000	₹80.63	₹0.81 Cr

1–10 of 15

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Rajesh Kumar MehraExecutive Director-Chairperson-MD
Mr. Naval Kishore GuptaNon-Executive - Independent Director
Mr. Kishore Kumar BajajNon-Executive - Independent Director
Mrs. Renu MehraNon-Executive - Non Independent Director
Mr. Mandeep SinghChief Financial Officer
Mrs. Avneet Kaur BediCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Active Clothing Co Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

Nov 2025Transcript AI Summary PPT REC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

15 announcementsExport CSV

1 Sept 2026, 4:57 pmCompany Update

Renewable Energy And Solar Power Initiative

General PDF

1 Sept 2026, 12:47 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

31 Aug 2026, 4:55 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

31 Aug 2026, 4:23 pmCompany Update

Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015- Expansion Of Sweater And T-Shirt Manufacturing Capacity

General PDF

31 Aug 2026, 3:33 pmCorp. Action

Intimation Of AGM And Book Closure

Book Closure PDF

31 Aug 2026, 3:13 pmAGM/EGM

Intimation Of The Annual General Meeting To Be Held On 25Th September, 2026 At 3:00 PM At Registered Office Of The Company

AGM PDF

31 Aug 2026, 12:43 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting Dated 31.08.2026

Outcome of Board Meeting PDF

25 Aug 2026, 4:02 pmBoard Meeting

Board Meeting Intimation for Intimation Of Board Meeting To Be Held On 31.08.2026

Exchange filing PDF

Date	Category	Subject	Filing
1 Sept 2026, 4:57 pm	Company Update General	Renewable Energy And Solar Power Initiative	PDF
1 Sept 2026, 12:47 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	33.8%	28.4%	28.6%	33.3%	30.7%	30%
EBITDA margin %	14.3%	8.1%	6.7%	9.9%	9.3%	8.7%
EBIT margin %	9.1%	5.1%	4.9%	6.4%	6.9%	6.5%
PAT margin %	0.1%	0.5%	1.1%	2.3%	2.9%	3.2%
Working capital
Receivable days	149	124	87	128	128	133
Inventory days	467	275	167	187	154	169
Payable days	91	88	60	116	113	105
NWC days	525	310	194	199	170	197
Leverage
Current ratio	2.14	1.82	1.43	1.35	1.31	1.41
Debt to EBITDA	5.54	5.51	5.89	4.11	4.29	4.58
Debt to equity	0.94	0.83	1.23	1.24	1.53	1.36
Interest coverage	1	1.1	1.4	1.7	1.9	2.2
Asset turnover	0.55	0.79	1.13	0.96	1.06	1.04
Return ratios
Return on assets %	0%	0.4%	1.3%	2.2%	3%	3.3%
Return on capital employed %	7.9%	7.3%	11.6%	14.3%	19.8%	17.7%
Return on equity %	0.1%	0.8%	3.5%	7%	10.9%	10.8%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Page Industries LimitedPAGEINDPAGEIND	₹41,059 Cr	₹41,071 Cr	₹5,351 Cr	₹1,147 Cr	22%	₹756 Cr	14.6%	65.7%	52.5%	138
Arvind LimitedARVINDARVIND	₹13,997 Cr	₹15,438 Cr	₹9,798 Cr	₹1,067 Cr	10.8%	₹414 Cr	4.6%	16.2%	10.6%	73
Pearl Global Industries LimitedPGILPGIL	₹5,835 Cr	₹6,522 Cr	₹5,325 Cr	₹515 Cr	9.2%	₹310 Cr	5.4%	24.9%	21.2%	55
Gokaldas Exports LimitedGOKEXGOKEX	₹5,049 Cr	₹6,026 Cr	₹4,185 Cr	₹371 Cr	8.9%	₹103 Cr	2.5%	9.9%	4.7%	155
Lux Industries LimitedLUXINDLUXIND	₹3,287 Cr	₹3,867 Cr	₹2,933 Cr	₹187 Cr	6.1%	₹102 Cr	3.6%	10%	5.8%	263
Kewal Kiran Clothing LimitedKKCLKKCL	₹2,930 Cr	₹2,978 Cr	₹1,258 Cr	₹250 Cr	19.6%	₹148 Cr	12.6%	18.9%	16.1%	201
Sbc Exports LimitedSBCSBC	₹2,788 Cr	₹3,015 Cr	₹452 Cr	₹41 Cr	8.3%	₹40 Cr	6.3%	44.4%	37.2%	143
S. P. Apparels LimitedSPALSPAL	₹2,348 Cr	₹2,749 Cr	₹1,576 Cr	₹226 Cr	13.8%	₹105 Cr	6.4%	18.9%	11.2%	156
Kitex Garments LimitedKITEXKITEX	₹2,328 Cr	₹3,527 Cr	₹629 Cr	₹4 Cr	4.3%	₹-50 Cr	-2%	1.4%	-1.3%	173
Cantabil Retail India LimitedCANTABILCANTABIL	₹1,878 Cr	₹1,878 Cr	₹873 Cr	₹275 Cr	31%	₹97 Cr	11.2%	19.6%	22%	337
Dollar Industries LimitedDOLLARDOLLAR	₹1,543 Cr	₹1,820 Cr	₹1,887 Cr	₹205 Cr	10.6%	₹112 Cr	5.7%	17.1%	11.9%	236
Monte Carlo Fashions LimitedMONTECARLOMONTECARLO	₹1,082 Cr	₹1,411 Cr	₹1,286 Cr	₹220 Cr	17.8%	₹105 Cr	8.8%	17.5%	12.9%	384

Active Clothing Co Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Board meetings1

Announcements

Not in the F&O segment

No fund holdings on record

Board meetings1

Ratio timeline

Announcements

Annual reports

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1