Birla Cotsyn India Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Birla Cotsyn India Ltd trades at ₹19.9, in a confirmed uptrend and 11 weeks into that stage. That is +517.3% against its own 200-day average. It sits at 70% of a 52-week range of ₹0 to ₹29. On relative strength it has no relative-strength read yet.

Today the stock is in a confirmed uptrend — week 11 of stage 2, confirmed. At ₹19.9 it trades +517.3% versus its 200-day average and sits at 70% of its 52-week range (₹0–₹29).

Against the market, two honest reads. Cumulative: over the last 5.8 years the stock moved +15,238% while the NIFTY 500 moved +142% — ahead of the index over the full window. Recent form: no trailing-13-week read yet — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

P/E does not price Birla Cotsyn India Ltd — earnings are negative, so there is no multiple to rank against its own history. The revenue and margin lines below are where a turn, when it comes, would show first. On sales the market values Birla Cotsyn India Ltd at 17.6× its FY26 revenue of ₹30.0 Cr.

With earnings negative, P/E does not price — there is no multiple to rank against its own history. The revenue and margin lines below are where the turn, when it comes, will show first.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Birla Cotsyn India Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 9 quarters across 2 curves, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

4-Factor Sector Score

37.3/100 — rank 2 of 2 in Textiles - Spinning/Cotton/Blended · 35% evidence confidence · provisional, ranked below fully-evidenced peers

Birla Cotsyn India Ltd scores 37.3 out of 100 against the 2 companies it is compared with in Textiles - Spinning/Cotton/Blended, ranking 2. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 11.8 + 3 + 10 + 12.5 = 37.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Birla Cotsyn India Ltd reported ₹15.4 Cr of revenue in the Jun 26 quarter. Over 16 years it has compounded at −14.1% a year. The last full year, FY26, came in at ₹30.0 Cr. The last four reported quarters add to ₹45.3 Cr.

FY26 revenue came in at ₹30.0 Cr (null on the year), capping 16 years at −14.1% compound. The latest quarter (Jun 26) printed ₹15.4 Cr, null year on year.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Birla Cotsyn India Ltd's operating margin is −6.9% in the Jun 26 quarter. Across 9 fiscal years the operating margin has ranged −43.0% to 10.0%. The current quarter sits inside that band.

The latest quarter's operating margin is −6.9%, null pp against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged −43.0%–10.0%.

Why the margin moved: operating margin went +4.5 pp year on year while gross margin went +6.2 pp — the gain came mostly from the gross line: input costs and pricing.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Birla Cotsyn India Ltd posted a net loss of ₹1.9 Cr in the Jun 26 quarter. The full FY26 year was a loss of ₹19.0 Cr. That loss is 12.3% of the quarter's revenue. The same quarter a year earlier lost ₹4.0 Cr. 12 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹−1.9 Cr, null year on year. On the full year, FY26 printed ₹−19.0 Cr (null).

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −452% of Birla Cotsyn India Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−14.0 Cr of operating cash against ₹−19.0 Cr of profit. After ₹−3.0 Cr of capital spending, ₹−11.0 Cr was left as free cash.

FY26: operating cash of ₹−14.0 Cr against reported profit of ₹−19.0 Cr, leaving free cash of ₹−11.0 Cr after ₹−3.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −452% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

🚨 Why conversion sits at −452%: the cash cycle held roughly steady between Jun 13 and FY26 — so conversion tracks profitability rather than the cycle. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Birla Cotsyn India Ltd's cash conversion cycle runs 6 days in FY26, up from −4 days in Jun 13. Capital spending ran ₹−2.0 Cr over the last 3 years. At FY26 sales of ₹30.0 Cr each day of that cycle holds about ₹0.1 Cr, so roughly ₹0.0 Cr sits inside the business at any moment.

FY26: debtors at 0 days, inventory at 65 days — roughly 2.1 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 6 days, looser than Jun 13's −4.

The full loop: cash goes out to suppliers and production on day 0; stock waits 65 days to sell; customers pay about 0 days after that; and suppliers themselves are paid at 59 days — netting out to the 6-day cycle.

In money terms: at FY26 sales of ₹30.0 Cr, each day of the cycle holds about ₹0.1 Cr — so the 6-day loop keeps roughly ₹0.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹−2.0 Cr over the last 3 fiscal years against ₹24.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹0.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Birla Cotsyn India Ltd earns a ROCE of −30% in FY26. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is −63.3% net margin on 0.45× asset turns.

FY26 ROCE is −30%.

Why the return is what it is — the wiring (FY26): −63.3% net margin × 0.45× asset turns × 4.19× balance-sheet leverage ≈ −119.4% on equity. Margin does its share; leverage is a meaningful part of the equation.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Birla Cotsyn India Ltd carries ₹38.0 Cr of borrowings against ₹16.0 Cr of equity in FY26, a debt-to-equity of 2.38. Operating profit covers the interest bill −7×. Over 10 years borrowings went from ₹260 Cr to ₹38.0 Cr. Capital spending ran ₹−2.0 Cr across the last 3 of those years.

FY26: borrowings of ₹38.0 Cr against equity of ₹16.0 Cr — a debt-to-equity of 2.38. Operating profit covers the interest bill −7×. Over 10 years borrowings went from ₹260 Cr to ₹38.0 Cr while capital spending ran ₹−2.0 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters added 76.5 points of Birla Cotsyn India Ltd over 8 quarters, the biggest move on the register. That takes promoters to 94.6% of the company. Domestic institutions moved −1.1 points over the same window, to 0.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: +76.5 points over 8 quarters to 94.6%; Domestic institutions: −1.1 points over 8 quarters to 0.0%; Foreign institutions: +0.1 points over 8 quarters to 0.1%.

Why the register moved: promoters drove it (+76.5 points), absorbed on the other side by domestic institutions (−1.1 points) — steady accumulation by institutions reading the same numbers this page reads.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Birla Cotsyn India Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Frequently asked questions