GHCL Textiles share price today
GHCL Textiles Ltd · NSE: GHCLTEXTIL · Textiles - General · price as of the 4 November 2026 close, updated every trading day · results updated weekly · research updated 30 August 2026
GHCL Textiles share price today: ₹123.95 at the NSE close on 4 November 2026, up 57.6% in a year. GHCL Textiles (NSE: GHCLTEXTIL) is worth ₹1,187 crore, trades at a P/E of 12.4 and has closed between ₹68.71 and ₹139.12 over the past 52 weeks. Latest change: best operating margin in 13 quarters.
GHCL Textiles Ltd's results are improving, while its P/E is near the low end of its own history over 2.7 years, higher than only 7% of past readings.
The main question: the share price moved +57.6% in a year while yearly earnings per share moved +25.6%. The difference came from the market paying a higher multiple.
The price has been rising for 25 weeks, and the P/E is lower than 93% of its own last 2.7 years. Over the last four quarters, results have been improving, with profit +178.6% on a year earlier, and 149% of the last 3 years' profit came in as cash. What will decide it: whether earnings grow into a price that has already moved.
What is the GHCL Textiles share price today?
GHCL Textiles Ltd's share price was ₹123.95 at the close on 4 November 2026. It has been rising for 25 weeks. That is 16.0% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹69 and ₹139, and at that close it sat 78% of the way up from that low.
A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today GHCL Textiles Ltd is in stage 2. The phase helps read everything below.
Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 46 weeks in a row.
1Y
Nov 2026: ₹124, 16.0% above its 200-day average. The price has been rising for 25 weeks.
- Price ₹124
- 50-day avg ₹124
- 200-day avg ₹107
| Week | Price | 50-day avg | 200-day avg |
|---|---|---|---|
| 31 Oct 2025 | ₹77 | ₹79 | ₹85 |
| 7 Nov 2025 | ₹79 | ₹80 | ₹85 |
| 14 Nov 2025 | ₹77 | ₹79 | ₹84 |
| 21 Nov 2025 | ₹76 | ₹79 | ₹84 |
| 28 Nov 2025 | ₹76 | ₹78 | ₹84 |
| 5 Dec 2025 | ₹73 | ₹78 | ₹83 |
| 12 Dec 2025 | ₹72 | ₹77 | ₹83 |
| 19 Dec 2025 | ₹73 | ₹76 | ₹82 |
| 26 Dec 2025 | ₹72 | ₹76 | ₹82 |
| 2 Jan 2026 | ₹77 | ₹75 | ₹81 |
| 9 Jan 2026 | ₹73 | ₹75 | ₹81 |
| 16 Jan 2026 | ₹74 | ₹75 | ₹81 |
| 23 Jan 2026 | ₹71 | ₹74 | ₹80 |
| 1 Feb 2026 | ₹74 | ₹75 | ₹80 |
| 6 Feb 2026 | ₹78 | ₹75 | ₹80 |
| 13 Feb 2026 | ₹79 | ₹76 | ₹80 |
| 20 Feb 2026 | ₹82 | ₹77 | ₹80 |
| 27 Feb 2026 | ₹76 | ₹77 | ₹80 |
| 6 Mar 2026 | ₹72 | ₹76 | ₹80 |
| 13 Mar 2026 | ₹72 | ₹76 | ₹79 |
| 20 Mar 2026 | ₹76 | ₹75 | ₹79 |
| 27 Mar 2026 | ₹69 | ₹75 | ₹79 |
| 2 Apr 2026 | ₹73 | ₹74 | ₹78 |
| 10 Apr 2026 | ₹85 | ₹75 | ₹79 |
| 17 Apr 2026 | ₹89 | ₹77 | ₹79 |
| 24 Apr 2026 | ₹86 | ₹79 | ₹79 |
| 30 Apr 2026 | ₹89 | ₹80 | ₹80 |
| 8 May 2026 | ₹92 | ₹82 | ₹80 |
| 15 May 2026 | ₹88 | ₹83 | ₹81 |
| 22 May 2026 | ₹91 | ₹85 | ₹81 |
| 29 May 2026 | ₹96 | ₹86 | ₹82 |
| 4 Jun 2026 | ₹96 | ₹88 | ₹82 |
| 5 Jun 2026 | ₹99 | ₹88 | ₹82 |
| 9 Jun 2026 | ₹97 | ₹89 | ₹83 |
| 10 Jun 2026 | ₹94 | ₹89 | ₹83 |
| 12 Jun 2026 | ₹92 | ₹89 | ₹83 |
| 17 Jun 2026 | ₹94 | ₹90 | ₹83 |
| 19 Jun 2026 | ₹95 | ₹90 | ₹84 |
| 24 Jun 2026 | ₹96 | ₹91 | ₹84 |
| 25 Jun 2026 | ₹93 | ₹91 | ₹84 |
| 1 Jul 2026 | ₹97 | ₹92 | ₹84 |
| 3 Jul 2026 | ₹107 | ₹93 | ₹85 |
| 10 Jul 2026 | ₹109 | ₹96 | ₹86 |
| 17 Jul 2026 | ₹114 | ₹99 | ₹87 |
| 24 Jul 2026 | ₹116 | ₹102 | ₹89 |
| 31 Jul 2026 | ₹114 | ₹104 | ₹90 |
| 7 Aug 2026 | ₹122 | ₹106 | ₹91 |
| 14 Aug 2026 | ₹118 | ₹109 | ₹93 |
| 21 Aug 2026 | ₹122 | ₹112 | ₹94 |
| 28 Aug 2026 | ₹131 | ₹114 | ₹96 |
| 4 Sep 2026 | ₹137 | ₹119 | ₹98 |
| 11 Sep 2026 | ₹131 | ₹121 | ₹99 |
| 18 Sep 2026 | ₹125 | ₹121 | ₹100 |
| 25 Sep 2026 | ₹139 | ₹124 | ₹102 |
| 28 Sep 2026 | ₹136 | ₹124 | ₹102 |
| 1 Oct 2026 | ₹129 | ₹125 | ₹103 |
| 9 Oct 2026 | ₹124 | ₹125 | ₹104 |
| 16 Oct 2026 | ₹132 | ₹126 | ₹106 |
| 23 Oct 2026 | ₹117 | ₹125 | ₹106 |
| 30 Oct 2026 | ₹118 | ₹124 | ₹107 |
| 4 Nov 2026 | ₹124 | ₹124 | ₹107 |
3Y
Nov 2026: ₹124, 16.0% above its 200-day average. The price has been rising for 25 weeks.
- Price ₹124
- 50-day avg ₹124
- 200-day avg ₹107
| Week | Price | 50-day avg | 200-day avg |
|---|---|---|---|
| 3 Nov 2023 | ₹75 | ₹77 | ₹73 |
| 12 Nov 2023 | ₹72 | ₹76 | ₹73 |
| 17 Nov 2023 | ₹71 | ₹75 | ₹73 |
| 24 Nov 2023 | ₹74 | ₹75 | ₹73 |
| 1 Dec 2023 | ₹70 | ₹74 | ₹73 |
| 8 Dec 2023 | ₹73 | ₹74 | ₹73 |
| 15 Dec 2023 | ₹72 | ₹73 | ₹73 |
| 22 Dec 2023 | ₹69 | ₹73 | ₹73 |
| 29 Dec 2023 | ₹70 | ₹72 | ₹73 |
| 5 Jan 2024 | ₹72 | ₹72 | ₹73 |
| 12 Jan 2024 | ₹82 | ₹73 | ₹73 |
| 20 Jan 2024 | ₹79 | ₹74 | ₹73 |
| 25 Jan 2024 | ₹80 | ₹75 | ₹73 |
| 2 Feb 2024 | ₹87 | ₹76 | ₹74 |
| 9 Feb 2024 | ₹90 | ₹79 | ₹75 |
| 16 Feb 2024 | ₹87 | ₹80 | ₹75 |
| 23 Feb 2024 | ₹94 | ₹82 | ₹76 |
| 2 Mar 2024 | ₹88 | ₹84 | ₹77 |
| 7 Mar 2024 | ₹82 | ₹84 | ₹77 |
| 15 Mar 2024 | ₹76 | ₹82 | ₹77 |
| 22 Mar 2024 | ₹77 | ₹82 | ₹77 |
| 28 Mar 2024 | ₹76 | ₹81 | ₹77 |
| 5 Apr 2024 | ₹82 | ₹81 | ₹77 |
| 12 Apr 2024 | ₹84 | ₹81 | ₹77 |
| 19 Apr 2024 | ₹81 | ₹81 | ₹78 |
| 26 Apr 2024 | ₹84 | ₹82 | ₹78 |
| 3 May 2024 | ₹83 | ₹82 | ₹78 |
| 10 May 2024 | ₹85 | ₹82 | ₹78 |
| 18 May 2024 | ₹85 | ₹83 | ₹79 |
| 24 May 2024 | ₹82 | ₹83 | ₹79 |
| 31 May 2024 | ₹80 | ₹82 | ₹79 |
| 7 Jun 2024 | ₹80 | ₹81 | ₹79 |
| 14 Jun 2024 | ₹88 | ₹82 | ₹79 |
| 21 Jun 2024 | ₹87 | ₹83 | ₹79 |
| 28 Jun 2024 | ₹91 | ₹84 | ₹80 |
| 5 Jul 2024 | ₹95 | ₹85 | ₹81 |
| 12 Jul 2024 | ₹91 | ₹87 | ₹81 |
| 19 Jul 2024 | ₹88 | ₹87 | ₹81 |
| 26 Jul 2024 | ₹107 | ₹88 | ₹82 |
| 2 Aug 2024 | ₹105 | ₹91 | ₹83 |
| 9 Aug 2024 | ₹110 | ₹95 | ₹85 |
| 16 Aug 2024 | ₹104 | ₹96 | ₹85 |
| 23 Aug 2024 | ₹114 | ₹99 | ₹87 |
| 30 Aug 2024 | ₹108 | ₹101 | ₹88 |
| 6 Sep 2024 | ₹107 | ₹102 | ₹89 |
| 13 Sep 2024 | ₹114 | ₹104 | ₹90 |
| 20 Sep 2024 | ₹105 | ₹104 | ₹91 |
| 27 Sep 2024 | ₹101 | ₹104 | ₹91 |
| 4 Oct 2024 | ₹98 | ₹103 | ₹92 |
| 11 Oct 2024 | ₹96 | ₹102 | ₹92 |
| 18 Oct 2024 | ₹92 | ₹100 | ₹92 |
| 25 Oct 2024 | ₹87 | ₹98 | ₹92 |
| 1 Nov 2024 | ₹105 | ₹98 | ₹92 |
| 8 Nov 2024 | ₹98 | ₹99 | ₹92 |
| 14 Nov 2024 | ₹94 | ₹98 | ₹92 |
| 22 Nov 2024 | ₹89 | ₹97 | ₹92 |
| 29 Nov 2024 | ₹96 | ₹96 | ₹92 |
| 6 Dec 2024 | ₹107 | ₹98 | ₹93 |
| 13 Dec 2024 | ₹111 | ₹100 | ₹94 |
| 20 Dec 2024 | ₹106 | ₹102 | ₹95 |
| 27 Dec 2024 | ₹102 | ₹102 | ₹95 |
| 3 Jan 2025 | ₹100 | ₹102 | ₹95 |
| 10 Jan 2025 | ₹91 | ₹100 | ₹95 |
| 17 Jan 2025 | ₹96 | ₹99 | ₹95 |
| 24 Jan 2025 | ₹91 | ₹98 | ₹95 |
| 1 Feb 2025 | ₹95 | ₹97 | ₹95 |
| 7 Feb 2025 | ₹88 | ₹95 | ₹95 |
| 14 Feb 2025 | ₹80 | ₹94 | ₹94 |
| 21 Feb 2025 | ₹76 | ₹91 | ₹93 |
| 28 Feb 2025 | ₹75 | ₹89 | ₹93 |
| 7 Mar 2025 | ₹83 | ₹87 | ₹92 |
| 13 Mar 2025 | ₹74 | ₹85 | ₹91 |
| 21 Mar 2025 | ₹79 | ₹84 | ₹91 |
| 28 Mar 2025 | ₹72 | ₹82 | ₹90 |
| 4 Apr 2025 | ₹76 | ₹81 | ₹89 |
| 11 Apr 2025 | ₹79 | ₹80 | ₹89 |
| 17 Apr 2025 | ₹81 | ₹80 | ₹89 |
| 25 Apr 2025 | ₹81 | ₹81 | ₹88 |
| 2 May 2025 | ₹82 | ₹81 | ₹88 |
| 9 May 2025 | ₹89 | ₹82 | ₹88 |
| 16 May 2025 | ₹90 | ₹84 | ₹88 |
| 23 May 2025 | ₹91 | ₹85 | ₹88 |
| 30 May 2025 | ₹92 | ₹86 | ₹88 |
| 6 Jun 2025 | ₹91 | ₹87 | ₹89 |
| 13 Jun 2025 | ₹93 | ₹88 | ₹89 |
| 20 Jun 2025 | ₹91 | ₹89 | ₹89 |
| 27 Jun 2025 | ₹96 | ₹90 | ₹89 |
| 4 Jul 2025 | ₹93 | ₹91 | ₹89 |
| 11 Jul 2025 | ₹91 | ₹91 | ₹90 |
| 18 Jul 2025 | ₹93 | ₹91 | ₹90 |
| 25 Jul 2025 | ₹92 | ₹92 | ₹90 |
| 1 Aug 2025 | ₹87 | ₹91 | ₹90 |
| 8 Aug 2025 | ₹80 | ₹90 | ₹90 |
| 14 Aug 2025 | ₹77 | ₹88 | ₹89 |
| 22 Aug 2025 | ₹80 | ₹87 | ₹89 |
| 29 Aug 2025 | ₹80 | ₹86 | ₹88 |
| 5 Sep 2025 | ₹77 | ₹84 | ₹88 |
| 12 Sep 2025 | ₹81 | ₹84 | ₹87 |
| 19 Sep 2025 | ₹82 | ₹83 | ₹87 |
| 26 Sep 2025 | ₹77 | ₹82 | ₹87 |
| 3 Oct 2025 | ₹78 | ₹82 | ₹86 |
| 10 Oct 2025 | ₹77 | ₹81 | ₹86 |
| 17 Oct 2025 | ₹77 | ₹80 | ₹86 |
| 24 Oct 2025 | ₹79 | ₹80 | ₹85 |
| 31 Oct 2025 | ₹77 | ₹79 | ₹85 |
| 7 Nov 2025 | ₹79 | ₹80 | ₹85 |
| 14 Nov 2025 | ₹77 | ₹79 | ₹84 |
| 21 Nov 2025 | ₹76 | ₹79 | ₹84 |
| 28 Nov 2025 | ₹76 | ₹78 | ₹84 |
| 5 Dec 2025 | ₹73 | ₹78 | ₹83 |
| 12 Dec 2025 | ₹72 | ₹77 | ₹83 |
| 19 Dec 2025 | ₹73 | ₹76 | ₹82 |
| 26 Dec 2025 | ₹72 | ₹76 | ₹82 |
| 2 Jan 2026 | ₹77 | ₹75 | ₹81 |
| 9 Jan 2026 | ₹73 | ₹75 | ₹81 |
| 16 Jan 2026 | ₹74 | ₹75 | ₹81 |
| 23 Jan 2026 | ₹71 | ₹74 | ₹80 |
| 1 Feb 2026 | ₹74 | ₹75 | ₹80 |
| 6 Feb 2026 | ₹78 | ₹75 | ₹80 |
| 13 Feb 2026 | ₹79 | ₹76 | ₹80 |
| 20 Feb 2026 | ₹82 | ₹77 | ₹80 |
| 27 Feb 2026 | ₹76 | ₹77 | ₹80 |
| 6 Mar 2026 | ₹72 | ₹76 | ₹80 |
| 13 Mar 2026 | ₹72 | ₹76 | ₹79 |
| 20 Mar 2026 | ₹76 | ₹75 | ₹79 |
| 27 Mar 2026 | ₹69 | ₹75 | ₹79 |
| 2 Apr 2026 | ₹73 | ₹74 | ₹78 |
| 10 Apr 2026 | ₹85 | ₹75 | ₹79 |
| 17 Apr 2026 | ₹89 | ₹77 | ₹79 |
| 24 Apr 2026 | ₹86 | ₹79 | ₹79 |
| 30 Apr 2026 | ₹89 | ₹80 | ₹80 |
| 8 May 2026 | ₹92 | ₹82 | ₹80 |
| 15 May 2026 | ₹88 | ₹83 | ₹81 |
| 22 May 2026 | ₹91 | ₹85 | ₹81 |
| 29 May 2026 | ₹96 | ₹86 | ₹82 |
| 4 Jun 2026 | ₹96 | ₹88 | ₹82 |
| 5 Jun 2026 | ₹99 | ₹88 | ₹82 |
| 9 Jun 2026 | ₹97 | ₹89 | ₹83 |
| 10 Jun 2026 | ₹94 | ₹89 | ₹83 |
| 12 Jun 2026 | ₹92 | ₹89 | ₹83 |
| 17 Jun 2026 | ₹94 | ₹90 | ₹83 |
| 19 Jun 2026 | ₹95 | ₹90 | ₹84 |
| 24 Jun 2026 | ₹96 | ₹91 | ₹84 |
| 25 Jun 2026 | ₹93 | ₹91 | ₹84 |
| 1 Jul 2026 | ₹97 | ₹92 | ₹84 |
| 3 Jul 2026 | ₹107 | ₹93 | ₹85 |
| 10 Jul 2026 | ₹109 | ₹96 | ₹86 |
| 17 Jul 2026 | ₹114 | ₹99 | ₹87 |
| 24 Jul 2026 | ₹116 | ₹102 | ₹89 |
| 31 Jul 2026 | ₹114 | ₹104 | ₹90 |
| 7 Aug 2026 | ₹122 | ₹106 | ₹91 |
| 14 Aug 2026 | ₹118 | ₹109 | ₹93 |
| 21 Aug 2026 | ₹122 | ₹112 | ₹94 |
| 28 Aug 2026 | ₹131 | ₹114 | ₹96 |
| 4 Sep 2026 | ₹137 | ₹119 | ₹98 |
| 11 Sep 2026 | ₹131 | ₹121 | ₹99 |
| 18 Sep 2026 | ₹125 | ₹121 | ₹100 |
| 25 Sep 2026 | ₹139 | ₹124 | ₹102 |
| 28 Sep 2026 | ₹136 | ₹124 | ₹102 |
| 1 Oct 2026 | ₹129 | ₹125 | ₹103 |
| 9 Oct 2026 | ₹124 | ₹125 | ₹104 |
| 16 Oct 2026 | ₹132 | ₹126 | ₹106 |
| 23 Oct 2026 | ₹117 | ₹125 | ₹106 |
| 30 Oct 2026 | ₹118 | ₹124 | ₹107 |
| 4 Nov 2026 | ₹124 | ₹124 | ₹107 |
Price stage: Falling from Oct 2025 to Apr 2026; Sideways in May 2026; Rising from May 2026 to Oct 2026.
Price stage: Rising from Nov 2023 to Dec 2023; Falling from Dec 2023 to Jan 2024; Sideways from Jan 2024 to Feb 2024; Rising from Feb 2024 to Feb 2025; Falling from Feb 2025 to Jul 2025; Rising from Jul 2025 to Aug 2025; Falling from Aug 2025 to Apr 2026; Sideways in May 2026; Rising from May 2026 to Oct 2026.
Week by week since 2023: did it beat the NIFTY 500 over the past 13 weeks?
Ahead in 99 of 172 weeks
| Week | 13-week return vs NIFTY 500 |
|---|---|
| 16 Jun 2023 | no NIFTY 500 reading |
| 23 Jun 2023 | no NIFTY 500 reading |
| 30 Jun 2023 | no NIFTY 500 reading |
| 7 Jul 2023 | no NIFTY 500 reading |
| 14 Jul 2023 | no NIFTY 500 reading |
| 21 Jul 2023 | no NIFTY 500 reading |
| 28 Jul 2023 | no NIFTY 500 reading |
| 4 Aug 2023 | no NIFTY 500 reading |
| 11 Aug 2023 | no NIFTY 500 reading |
| 18 Aug 2023 | no NIFTY 500 reading |
| 25 Aug 2023 | no NIFTY 500 reading |
| 1 Sep 2023 | no NIFTY 500 reading |
| 8 Sep 2023 | no NIFTY 500 reading |
| 15 Sep 2023 | +17.3% |
| 22 Sep 2023 | +7.0% |
| 29 Sep 2023 | +6.1% |
| 6 Oct 2023 | −10.6% |
| 13 Oct 2023 | +4.5% |
| 20 Oct 2023 | +13.7% |
| 27 Oct 2023 | +5.8% |
| 3 Nov 2023 | −3.8% |
| 12 Nov 2023 | −5.1% |
| 17 Nov 2023 | −9.2% |
| 24 Nov 2023 | −11.4% |
| 1 Dec 2023 | −19.8% |
| 8 Dec 2023 | −13.6% |
| 15 Dec 2023 | −15.2% |
| 22 Dec 2023 | −21.9% |
| 29 Dec 2023 | −26.0% |
| 5 Jan 2024 | −20.8% |
| 12 Jan 2024 | −14.7% |
| 20 Jan 2024 | −15.8% |
| 25 Jan 2024 | −9.7% |
| 2 Feb 2024 | +0.3% |
| 9 Feb 2024 | +12.8% |
| 16 Feb 2024 | +7.9% |
| 23 Feb 2024 | +14.4% |
| 2 Mar 2024 | +20.5% |
| 7 Mar 2024 | +8.0% |
| 15 Mar 2024 | +1.3% |
| 22 Mar 2024 | +7.0% |
| 28 Mar 2024 | +2.4% |
| 5 Apr 2024 | +6.8% |
| 12 Apr 2024 | −2.6% |
| 19 Apr 2024 | −3.7% |
| 26 Apr 2024 | −0.4% |
| 3 May 2024 | −8.6% |
| 10 May 2024 | −9.3% |
| 18 May 2024 | −7.5% |
| 24 May 2024 | −18.7% |
| 31 May 2024 | −16.7% |
| 7 Jun 2024 | −15.3% |
| 14 Jun 2024 | +2.8% |
| 21 Jun 2024 | +1.5% |
| 28 Jun 2024 | +9.3% |
| 5 Jul 2024 | +5.8% |
| 12 Jul 2024 | −5.4% |
| 19 Jul 2024 | −2.3% |
| 26 Jul 2024 | +15.1% |
| 2 Aug 2024 | +16.5% |
| 9 Aug 2024 | +19.5% |
| 16 Aug 2024 | +12.8% |
| 23 Aug 2024 | +28.6% |
| 30 Aug 2024 | +23.2% |
| 6 Sep 2024 | +27.5% |
| 13 Sep 2024 | +22.1% |
| 20 Sep 2024 | +12.4% |
| 27 Sep 2024 | +4.3% |
| 4 Oct 2024 | +0.5% |
| 11 Oct 2024 | +4.0% |
| 18 Oct 2024 | +5.3% |
| 25 Oct 2024 | −15.6% |
| 1 Nov 2024 | −0.5% |
| 8 Nov 2024 | −7.2% |
| 14 Nov 2024 | −3.9% |
| 22 Nov 2024 | −18.0% |
| 29 Nov 2024 | −8.1% |
| 6 Dec 2024 | +0.7% |
| 13 Dec 2024 | +1.2% |
| 20 Dec 2024 | +8.8% |
| 27 Dec 2024 | +8.7% |
| 3 Jan 2025 | +7.3% |
| 10 Jan 2025 | +4.0% |
| 17 Jan 2025 | +10.5% |
| 24 Jan 2025 | +11.3% |
| 1 Feb 2025 | −4.0% |
| 7 Feb 2025 | −6.0% |
| 14 Feb 2025 | −9.3% |
| 21 Feb 2025 | −5.2% |
| 28 Feb 2025 | −10.3% |
| 7 Mar 2025 | −9.0% |
| 13 Mar 2025 | −24.5% |
| 21 Mar 2025 | −20.7% |
| 28 Mar 2025 | −23.8% |
| 4 Apr 2025 | −15.9% |
| 11 Apr 2025 | −13.0% |
| 17 Apr 2025 | −20.1% |
| 25 Apr 2025 | −14.3% |
| 2 May 2025 | −15.6% |
| 9 May 2025 | −6.6% |
| 16 May 2025 | +3.3% |
| 23 May 2025 | +8.9% |
| 30 May 2025 | +10.6% |
| 6 Jun 2025 | −5.6% |
| 13 Jun 2025 | +16.7% |
| 20 Jun 2025 | +6.0% |
| 27 Jun 2025 | +22.4% |
| 4 Jul 2025 | +7.9% |
| 11 Jul 2025 | +5.6% |
| 18 Jul 2025 | +10.6% |
| 25 Jul 2025 | +8.5% |
| 1 Aug 2025 | +4.0% |
| 8 Aug 2025 | −11.0% |
| 14 Aug 2025 | −16.1% |
| 22 Aug 2025 | −12.2% |
| 29 Aug 2025 | −13.7% |
| 5 Sep 2025 | −14.9% |
| 12 Sep 2025 | −15.3% |
| 19 Sep 2025 | −9.4% |
| 26 Sep 2025 | −17.1% |
| 3 Oct 2025 | −14.7% |
| 10 Oct 2025 | −14.9% |
| 17 Oct 2025 | −19.2% |
| 24 Oct 2025 | −17.8% |
| 31 Oct 2025 | −15.7% |
| 7 Nov 2025 | −6.3% |
| 14 Nov 2025 | −4.3% |
| 21 Nov 2025 | −10.6% |
| 28 Nov 2025 | −8.0% |
| 5 Dec 2025 | −5.9% |
| 12 Dec 2025 | −11.1% |
| 19 Dec 2025 | −13.2% |
| 26 Dec 2025 | −11.1% |
| 2 Jan 2026 | −5.4% |
| 9 Jan 2026 | −5.3% |
| 16 Jan 2026 | +0.3% |
| 23 Jan 2026 | −7.0% |
| 1 Feb 2026 | −2.6% |
| 6 Feb 2026 | −0.2% |
| 13 Feb 2026 | +4.6% |
| 20 Feb 2026 | +10.0% |
| 27 Feb 2026 | +5.9% |
| 6 Mar 2026 | +2.8% |
| 13 Mar 2026 | +6.3% |
| 20 Mar 2026 | +13.4% |
| 27 Mar 2026 | +7.8% |
| 2 Apr 2026 | +2.9% |
| 10 Apr 2026 | +20.2% |
| 17 Apr 2026 | +19.5% |
| 24 Apr 2026 | +21.9% |
| 30 Apr 2026 | +21.2% |
| 8 May 2026 | +22.1% |
| 15 May 2026 | +15.4% |
| 22 May 2026 | +14.1% |
| 29 May 2026 | +24.3% |
| 4 Jun 2026 | +33.4% |
| 5 Jun 2026 | +34.7% |
| 9 Jun 2026 | +22.8% |
| 10 Jun 2026 | +29.0% |
| 12 Jun 2026 | +23.6% |
| 17 Jun 2026 | +7.7% |
| 19 Jun 2026 | +6.5% |
| 24 Jun 2026 | +11.5% |
| 25 Jun 2026 | +4.0% |
| 1 Jul 2026 | +2.8% |
| 3 Jul 2026 | +18.5% |
| 10 Jul 2026 | +17.8% |
| 17 Jul 2026 | +15.7% |
| 24 Jul 2026 | +18.2% |
| 31 Jul 2026 | +10.6% |
| 7 Aug 2026 | +20.6% |
| 14 Aug 2026 | +21.2% |
| 21 Aug 2026 | +29.5% |
| 28 Aug 2026 | +37.7% |
| 4 Sep 2026 | +42.9% |
| 11 Sep 2026 | +36.9% |
| 18 Sep 2026 | +35.7% |
| 25 Sep 2026 | +46.2% |
| 28 Sep 2026 | +33.2% |
| 1 Oct 2026 | +24.6% |
| 9 Oct 2026 | +15.4% |
| 16 Oct 2026 | +16.4% |
| 23 Oct 2026 | +11.3% |
| 30 Oct 2026 | +4.9% |
| 4 Nov 2026 | +12.1% |
Over the last 3.4 years the share price moved +100% while the NIFTY 500 moved +35%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.
This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.
What changed at GHCL Textiles this quarter?
Three changes stood out: best operating margin in 13 quarters, indian funds and insurers (DIIs) cut their stake for 3 quarters in a row and highest quarterly profit in 15 quarters.
Best operating margin in 13 quarters
Operating margin was 17% in the June 2026 quarter, against 11% a year earlier.
Why: Margins rose because the company used cheaper cotton it had bought earlier, sold yarn at higher prices, and chose customers who paid better.
Next results: check whether the margin stays near the June quarter level or slips as cheap cotton runs out and customers push back on higher yarn prices.
From the earnings call on 30 Jul 2026.
Indian funds and insurers (DIIs) cut their stake for 3 quarters in a row
From 5.9% to 1% of the company by the September 2026 quarter.
Highest quarterly profit in 15 quarters
Profit of ₹39 crore in the June 2026 quarter is the highest of the last 15 quarters.
Why: Profit hit a record because the company used cheaper cotton it had bought earlier, sold yarn at higher prices, and chose customers who paid better.
Next results: check whether profit holds up as the cheap cotton is used up and the gap between yarn prices and cotton costs stays near the June quarter level.
From the earnings call on 30 Jul 2026.
What are GHCL Textiles' latest quarterly results?
For April to June 2026 (the quarter ended 30 June 2026), GHCL Textiles reported revenue of ₹409 crore, up 52.6% from ₹268 crore a year earlier, and a profit of ₹39.0 crore, up 178.6% from ₹14.0 crore.
GHCL Textiles results: April to June 2026 against a year earlier
| Measure | April to June 2026 | April to June 2025 | Change |
|---|---|---|---|
| Revenue | ₹409 crore | ₹268 crore | +52.6% |
| Profit | ₹39.0 crore | ₹14.0 crore | +178.6% |
| Earnings per share | ₹4.12 | ₹1.41 | +192.2% |
| Operating margin | 17.0% | 11.0% | +6.0 points |
The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).
GHCL Textiles' management discussed these results on a call held on 30 July 2026; what it said is further down this page.
From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.
What is the GHCL Textiles share price history?
GHCL Textiles closed at ₹123.95 on 4 November 2026, up 57.6% from ₹78.63 a year earlier (7 November 2025) and up 65.6% over three years. Its highest weekly close since June 2023 was ₹139.12 on 25 September 2026.
GHCL Textiles share price: then and now
| When | Close | Change to 4 Nov 2026 |
|---|---|---|
| 1 week ago · 30 Oct 2026 | ₹118.24 | +4.8% |
| 1 month ago · 1 Oct 2026 | ₹129.22 | −4.1% |
| 6 months ago · 8 May 2026 | ₹91.47 | +35.5% |
| 1 year ago · 7 Nov 2025 | ₹78.63 | +57.6% |
| 3 years ago · 3 Nov 2023 | ₹74.85 | +65.6% |
| Earliest and lowest weekly close in our records · 16 Jun 2023 | ₹62.10 | +99.6% |
| Highest weekly close since June 2023, also the 52-week high · 25 Sep 2026 | ₹139.12 | −10.9% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹68.71 | +80.4% |
Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.
185 weekly closes from 16 June 2023 to 4 November 2026.
What is the latest news on GHCL Textiles?
4 Nov 2026: GHCL Textiles closed at ₹123.95, up 4.8% on the week and down 4.1% on the month. Our read, 22 Aug 2026: A yarn-cycle recovery is funding a move into fabric, but the case depends on proving that current spreads can survive without the inventory benefit and that delayed integration assets finally arrive.
Earlier
- 30 Jul 2026: GHCL Textiles held its results call for April to June 2026. Management guided: FY27 revenue is planned around ₹1,500 crore, with growth similar to the prior year's 14.0% or higher; the longer-term goal is ₹2,000 crore by FY29.
- Results for April to June 2026: Revenue up 52.6% and profit up 178.6% on a year earlier.
- 19 Jun 2026: ex-date for a dividend of ₹0.60 a share, record date 20 Jun 2026.
Our read of the business
Latest quarter: Sales, margin, and profit accelerated.
Our read after the latest results, written 22 August 2026.
What dividend does GHCL Textiles pay?
GHCL Textiles paid ₹0.60 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.48% at the ₹123.95 close on 4 November 2026. The last was a dividend of ₹0.60 a share, ex-date 19 June 2026.
GHCL Textiles dividends since 1 April 2021
| Ex-date | Dividend per share | Type | Record date |
|---|---|---|---|
| 19 Jun 2026Dividend | ₹0.60 | Dividend | 20 Jun 2026 |
| 14 Jul 2025Dividend | ₹0.50 | Dividend | same day |
| 1 Jul 2024Dividend | ₹0.50 | Dividend | same day |
Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.
Yes. GHCL Textiles Ltd paid out 8% of its profit as dividends in FY26, and it paid a dividend in 3 of its last 5 reported years.
From the NSE corporate-actions record, read 5 November 2026.
What did GHCL Textiles management say on the latest results call?
On the call for April to June 2026, held on 30 July 2026, GHCL Textiles' management guided: FY27 revenue is planned around ₹1,500 crore, with growth similar to the prior year's 14.0% or higher; the longer-term goal is ₹2,000 crore by FY29.
“When we are vertically integrated and have become ready to cut fabric, we can expect a normalized EBITDA of about 16.0-18.0%.”Marshal Tanamani, CEO, on the call for April to June 2026
What management guided
- FY27 normalized operating margin is expected at 13.0-15.0%, reflecting normalization after the Q1 inventory benefit.
- Ready-to-cut integration is expected to support a 16.0-18.0% normalized operating margin and lift fabric toward 30.0-40.0% of topline after about three years.
- July to September 2026 spreads are expected to be similar to Q1, possibly slightly lower; full-year spreads should exceed FY26 and January to March 2026.
- The remaining 25 knitting machines are expected to arrive and be commissioned in phases, with all 40 machines operational by the end of October to December 2026.
Management’s own plans and goals, from our notes of the call. A plan is not a result.
Source: the call transcript.
From the call for April to June 2026, 30 July 2026.
What is the future of GHCL Textiles? What is changing in the business?
What is changing at GHCL Textiles, from the latest results and calls: spread and pricing conversion, fabric integration ramp and solar cost savings.
- Spread and pricing conversion. Price acceptance and customer mix can preserve part of the latest spread after low-cost cotton inventory is consumed. ⚠ estimate
- Fabric integration ramp. The first knitting machines are operating and fabric mix has increased, creating a measurable route away from pure yarn sales. ⚠ estimate
- Solar cost savings. Rooftop solar is operating and the ground project has a dated commissioning goal and stated annual saving. ⚠ estimate
- Capacity and FY29 scale goal. Management plans higher revenue through fabric, grey fabric, and ready-to-cut integration rather than additional spinning volume alone. ⚠ estimate
We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.
Our read after the latest results, written 22 August 2026.
What could change the GHCL Textiles story? What are the risks?
The thesis breaks if the next two reported quarters show operating margin below the prior-year range while fabric mix and the remaining knitting-machine rollout do not advance.
Each change stops working if
- Spread and pricing conversion: Higher cotton costs cannot be passed through and spreads fall as low-cost inventory is exhausted.
- Fabric integration ramp: The remaining machines miss the stated rollout or fabric share does not rise after commissioning.
- Solar cost savings: The ground project misses its planned commissioning or its stated savings do not appear in operating costs.
- Capacity and FY29 scale goal: Fabric conversion remains immaterial while spinning capacity is already full.
The main risks
- Peak-margin normalization: The latest operating margin is above the available historical band and partly benefited from lower-cost cotton inventory. ⚠ estimate
- Cash-flow reversal: Latest-year operating cash flow was low because working capital absorbed cash despite a favourable three-year record. ✓ fact
- Institutional ownership decline: Available ownership data show a decline in combined institutional ownership while promoter ownership is effectively unchanged. ⚠ estimate
- Cotton and price-acceptance risk: Management expects pricing acceptance to be tested as higher-cost cotton replaces existing inventory. ✓ fact
Our read after the latest results, written 22 August 2026.
What to watch in GHCL Textiles' next results?
When GHCL Textiles reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: July to September 2026 yarn spread should remain near the Q1 level, potentially slightly lower, as lower-cost cotton inventory is consumed and higher cotton costs test customer price acceptance.
| What to check (from the call) |
|---|
| July to September 2026 yarn spread should remain near the Q1 level, potentially slightly lower, as lower-cost cotton inventory is consumed and higher cotton costs test customer price acceptance. |
| Track phased arrivals of the remaining 25 knitting machines through Q2-Q3, progress toward all 40 machines, and whether fabric share moves above the current 16.0%. |
| Track the 11 megawatt ground solar project toward December 2026 commissioning after the ALMM-related delay and the expected ₹6 crore annual saving. |
Which stock lists is GHCL Textiles on?
GHCL Textiles is on one of our India lists: Momentum stocks.
Is GHCL Textiles profitable?
GHCL Textiles Ltd earned ₹39.0 Cr of net profit in the Jun 2026 quarter, +178.6% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹70.0 Cr. That is 9.5% of the quarter's revenue. The same quarter a year earlier earned ₹14.0 Cr.
Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.
For the full year, FY26 profit was ₹70.0 Cr (+25.0% on the year before).
FY26 profit ₹70.0 Cr (+25.0% on the year before)
- Net profit ₹70.0
| Quarter | Net profit |
|---|---|
| FY21 | ₹0 |
| FY22 | ₹0 |
| FY23 | ₹0 |
| FY24 | ₹25 |
| FY25 | ₹56 |
| FY26 | ₹70 |
Growth on a year earlier
- Growth on a year earlier 25%
| Quarter | Growth on a year earlier |
|---|---|
| FY21 | – |
| FY22 | – |
| FY23 | – |
| FY24 | – |
| FY25 | 124% |
| FY26 | 25% |
Jun 2026: ₹39.0 Cr (+178.6% on a year earlier), the 3rd quarter in a row of growth
- Net profit (quarterly) ₹39.0
| Quarter | Net profit (quarterly) |
|---|---|
| Sep 2023 | ₹6 |
| Dec 2023 | ₹4 |
| Mar 2024 | ₹10 |
| Jun 2024 | ₹12 |
| Sep 2024 | ₹21 |
| Dec 2024 | ₹9 |
| Mar 2025 | ₹14 |
| Jun 2025 | ₹14 |
| Sep 2025 | ₹16 |
| Dec 2025 | ₹13 |
| Mar 2026 | ₹28 |
| Jun 2026 | ₹39 |
Growth on a year earlier
- Growth on a year earlier 178.6%
| Quarter | Growth on a year earlier |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | 200% |
| Sep 2024 | 250% |
| Dec 2024 | 125% |
| Mar 2025 | 40% |
| Jun 2025 | 16.7% |
| Sep 2025 | −23.8% |
| Dec 2025 | 44.4% |
| Mar 2026 | 100% |
| Jun 2026 | 178.6% |
Why profit moved: revenue changed +52.6% on a year earlier and the margin moved +6.0 percentage points. Most of the change came from keeping more of each sale.
On average over the last four quarters, profit changed +74.8% and revenue +28.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.
How much revenue does GHCL Textiles make, and is it growing?
GHCL Textiles Ltd reported ₹409 Cr of revenue in the Jun 2026 quarter, +52.6% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. The last full year, FY26, came in at ₹1,319 Cr. The last four reported quarters add to ₹1,460 Cr.
Revenue is everything the company billed its customers in the period.
Why this happened. The value-chain climb is beginning to show in reported mix. The first machine set completed a full quarter, and management expects the remaining units in phases. The contribution remains limited until those units arrive, operate reliably, and lift fabric share.
A growth rate over several years is not shown, because there are too few years of figures to work one out properly.
FY26 revenue was ₹1,319 Cr, +13.6% on the year before.
FY26 revenue ₹1,319 Cr (+13.6% on the year before)
- Revenue ₹1,319
| Quarter | Revenue |
|---|---|
| FY21 | ₹0 |
| FY22 | ₹0 |
| FY23 | ₹0 |
| FY24 | ₹1,054 |
| FY25 | ₹1,161 |
| FY26 | ₹1,319 |
Growth on a year earlier
- Growth on a year earlier 13.6%
| Quarter | Growth on a year earlier |
|---|---|
| FY21 | – |
| FY22 | – |
| FY23 | – |
| FY24 | – |
| FY25 | 10.2% |
| FY26 | 13.6% |
Jun 2026: ₹409 Cr (+52.6% on a year earlier), the 4th quarter in a row of growth
- Revenue (quarterly) ₹409
| Quarter | Revenue (quarterly) |
|---|---|
| Sep 2023 | ₹260 |
| Dec 2023 | ₹244 |
| Mar 2024 | ₹286 |
| Jun 2024 | ₹288 |
| Sep 2024 | ₹305 |
| Dec 2024 | ₹285 |
| Mar 2025 | ₹284 |
| Jun 2025 | ₹268 |
| Sep 2025 | ₹338 |
| Dec 2025 | ₹349 |
| Mar 2026 | ₹364 |
| Jun 2026 | ₹409 |
Growth on a year earlier
- Growth on a year earlier 52.6%
| Quarter | Growth on a year earlier |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | 9.5% |
| Sep 2024 | 17.3% |
| Dec 2024 | 16.8% |
| Mar 2025 | −0.7% |
| Jun 2025 | −6.9% |
| Sep 2025 | 10.8% |
| Dec 2025 | 22.5% |
| Mar 2026 | 28.2% |
| Jun 2026 | 52.6% |
Is growth speeding up? Revenue over the last 12 months grew +27.8%, against +16.4% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +65.5%, against +73.2% a year (rolling over).
Watch next
- Metric
- Fabric integration ramp
- Threshold
- The remaining machines miss the stated rollout or fabric share does not rise after commissioning.
- Which result
- the next result
How much of every ₹100 of sales does GHCL Textiles keep?
GHCL Textiles Ltd's operating margin was 17.0% in the Jun 2026 quarter, 6.0 percentage points higher than the same quarter a year ago. Across 3 years it has been between 8.0% and 11.0%. The latest quarter is above every full year in that period.
Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.
Why this happened. Management separated the latest sales-price rise from the inventory gain and expects the next-quarter spread to be similar or slightly lower. That makes customer price acceptance the key test rather than the headline margin alone.
Why the margin moved: operating margin changed +5.7 percentage points on the year while gross margin changed +1.9 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.
FY26: 11.0%, within a range of 8.0% to 11.0% over 3 years
- Operating margin 11.0%
| Quarter | Operating margin |
|---|---|
| FY24 | 8% |
| FY25 | 10% |
| FY26 | 11% |
Change on the year before (points)
- Change on the year before (points) +1.0 pts
| Quarter | Change on the year before (points) |
|---|---|
| FY24 | – |
| FY25 | +2.0 pts |
| FY26 | +1.0 pts |
Jun 2026: operating margin 17.0% (+6.0 points on a year earlier)
- Operating margin 17.0%
| Quarter | Operating margin |
|---|---|
| Sep 2023 | 8% |
| Dec 2023 | 8% |
| Mar 2024 | 10% |
| Jun 2024 | 10% |
| Sep 2024 | 9% |
| Dec 2024 | 8% |
| Mar 2025 | 11% |
| Jun 2025 | 11% |
| Sep 2025 | 11% |
| Dec 2025 | 9% |
| Mar 2026 | 11% |
| Jun 2026 | 17% |
Change on a year earlier (points)
- Change on a year earlier (points) +6.0 pts
| Quarter | Change on a year earlier (points) |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | +4.0 pts |
| Sep 2024 | +1.0 pts |
| Dec 2024 | 0.0 pts |
| Mar 2025 | +1.0 pts |
| Jun 2025 | +1.0 pts |
| Sep 2025 | +2.0 pts |
| Dec 2025 | +1.0 pts |
| Mar 2026 | 0.0 pts |
| Jun 2026 | +6.0 pts |
Watch next
- Metric
- Spread and pricing conversion
- Threshold
- Higher cotton costs cannot be passed through and spreads fall as low-cost inventory is exhausted.
- Which result
- the next result
Is GHCL Textiles' profit turning into cash?
Over the last 3 years, 149% of GHCL Textiles Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹5.0 Cr of operating cash against ₹70.0 Cr of profit.
The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.
After ₹70.0 Cr of spending on assets, free cash was −₹65.0 Cr: it spent more than its operations brought in.
Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.
FY26: operating cash ₹5.0 Cr against profit ₹70.0 Cr; 149% of 3 years' profit came in as cash
- Operating cash ₹5.0
- Net profit ₹70.0
- Free cash −₹65
| Quarter | Operating cash | Net profit | Free cash |
|---|---|---|---|
| FY21 | ₹0 | ₹0 | – |
| FY22 | ₹0 | ₹0 | ₹0 |
| FY23 | ₹0 | ₹0 | ₹0 |
| FY24 | ₹58 | ₹25 | – |
| FY25 | ₹162 | ₹56 | ₹1 |
| FY26 | ₹5 | ₹70 | −₹65 |
FY26: operating cash was 7% of profit (149% over three years)
- Operating cash as % of profit 7%
- Break-even line 100%
| Quarter | Operating cash as % of profit | Break-even line |
|---|---|---|
| FY21 | – | 100% |
| FY22 | – | 100% |
| FY23 | – | 100% |
| FY24 | 232% | 100% |
| FY25 | 289% | 100% |
| FY26 | 7% | 100% |
Why 149% of profit came in as cash: the cash cycle stayed about the same between FY24 and FY26, so the cash follows profit, not the cycle.
What to look at next: the bigger use of cash is spending on new assets, at 8.6× depreciation over three years. The next section checks what that spending is building.
Where does GHCL Textiles' cash go?
GHCL Textiles Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 194 days in FY26, down from 202 days in FY24. It spent ₹1,348 Cr on assets over the last 3 years. Customers take 47 days to pay, and stock sits for 172 days on average.
Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.
At FY26 sales of ₹1,319 Cr, each day of that cycle ties up about ₹3.6 Cr, so roughly ₹701 Cr is tied up in the business at any time.
FY26: customers took 47 days to pay and stock sat for 172 days, about 5.7 months of sales sitting as stock, for a full cycle of 194 days, shorter than FY24's 202.
The full loop: cash goes out to suppliers and production on day 0. Stock sits for 172 days. Customers pay about 47 days after that. Suppliers are paid at 26 days. Together that makes the 194-day cycle.
FY26: a 194-day cash cycle, −8 days compared with FY24
- Cash cycle 194d
- Inventory days 172d
- Debtor days 47d
- Payable days 26d
| Quarter | Cash cycle | Inventory days | Debtor days | Payable days |
|---|---|---|---|---|
| FY24 | 202d | 174d | 41d | 13d |
| FY25 | 155d | 137d | 37d | 19d |
| FY26 | 194d | 172d | 47d | 26d |
Spending on assets: ₹1,348 Cr over the last 3 years, against ₹156 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2.0 Cr (FY26): assets paid for that are not earning yet.
FY26: capex ₹70.0 Cr, work in progress ₹2.0 Cr, a build-out
- Capex ₹70.0
- Work-in-progress ₹2.0
| Quarter | Capex | Work-in-progress |
|---|---|---|
| FY22 | ₹0 | ₹0 |
| FY23 | ₹0 | ₹0 |
| FY24 | ₹1,117 | ₹5 |
| FY25 | ₹161 | ₹155 |
| FY26 | ₹70 | ₹2 |
In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.
What is GHCL Textiles' P/E ratio, and how does it compare with its own history?
GHCL Textiles Ltd's P/E is 12.4×, near the low end of its own history: it has been lower only 7% of the time. Its usual P/E (the middle reading) is 15.1×, over 2.7 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.
P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.
P/E 12.4× against a usual 15.1×: near the low end of its own history: it has been lower only 7% of the time
- P/E 11.8×
- Median 15.1×
| Week | P/E | Median |
|---|---|---|
| 9 Feb 2024 | 45.3× | 15.1× |
| 16 Feb 2024 | 45.3× | 15.1× |
| 23 Feb 2024 | 45.3× | 15.1× |
| 2 Mar 2024 | 45.3× | 15.1× |
| 7 Mar 2024 | 45.3× | 15.1× |
| 15 Mar 2024 | 45.3× | 15.1× |
| 22 Mar 2024 | 45.3× | 15.1× |
| 28 Mar 2024 | 45.3× | 15.1× |
| 5 Apr 2024 | 45.3× | 15.1× |
| 12 Apr 2024 | 45.3× | 15.1× |
| 19 Apr 2024 | 45.3× | 15.1× |
| 26 Apr 2024 | 45.3× | 15.1× |
| 3 May 2024 | 45.3× | 15.1× |
| 10 May 2024 | 32.5× | 15.1× |
| 18 May 2024 | 32.3× | 15.1× |
| 24 May 2024 | 31.2× | 15.1× |
| 31 May 2024 | 30.3× | 15.1× |
| 7 Jun 2024 | 30.3× | 15.1× |
| 14 Jun 2024 | 34.5× | 15.1× |
| 21 Jun 2024 | 34.0× | 15.1× |
| 28 Jun 2024 | 35.7× | 15.1× |
| 5 Jul 2024 | 37.3× | 15.1× |
| 12 Jul 2024 | 35.5× | 15.1× |
| 19 Jul 2024 | 34.4× | 15.1× |
| 26 Jul 2024 | 41.9× | 15.1× |
| 2 Aug 2024 | 30.6× | 15.1× |
| 9 Aug 2024 | 32.1× | 15.1× |
| 16 Aug 2024 | 30.4× | 15.1× |
| 23 Aug 2024 | 33.4× | 15.1× |
| 30 Aug 2024 | 31.6× | 15.1× |
| 6 Sep 2024 | 31.3× | 15.1× |
| 13 Sep 2024 | 33.3× | 15.1× |
| 20 Sep 2024 | 30.7× | 15.1× |
| 27 Sep 2024 | 29.5× | 15.1× |
| 4 Oct 2024 | 28.7× | 15.1× |
| 11 Oct 2024 | 28.1× | 15.1× |
| 18 Oct 2024 | 27.0× | 15.1× |
| 25 Oct 2024 | 25.4× | 15.1× |
| 1 Nov 2024 | 21.3× | 15.1× |
| 8 Nov 2024 | 19.9× | 15.1× |
| 14 Nov 2024 | 19.1× | 15.1× |
| 22 Nov 2024 | 18.1× | 15.1× |
| 29 Nov 2024 | 19.5× | 15.1× |
| 6 Dec 2024 | 21.7× | 15.1× |
| 13 Dec 2024 | 22.5× | 15.1× |
| 20 Dec 2024 | 21.4× | 15.1× |
| 27 Dec 2024 | 20.6× | 15.1× |
| 3 Jan 2025 | 20.2× | 15.1× |
| 10 Jan 2025 | 18.5× | 15.1× |
| 17 Jan 2025 | 19.5× | 15.1× |
| 24 Jan 2025 | 18.4× | 15.1× |
| 1 Feb 2025 | 19.3× | 15.1× |
| 7 Feb 2025 | 16.1× | 15.1× |
| 14 Feb 2025 | 14.7× | 15.1× |
| 21 Feb 2025 | 13.9× | 15.1× |
| 28 Feb 2025 | 13.7× | 15.1× |
| 7 Mar 2025 | 15.3× | 15.1× |
| 13 Mar 2025 | 13.5× | 15.1× |
| 21 Mar 2025 | 14.4× | 15.1× |
| 28 Mar 2025 | 13.3× | 15.1× |
| 4 Apr 2025 | 13.9× | 15.1× |
| 11 Apr 2025 | 14.5× | 15.1× |
| 17 Apr 2025 | 14.8× | 15.1× |
| 25 Apr 2025 | 14.9× | 15.1× |
| 2 May 2025 | 15.0× | 15.1× |
| 9 May 2025 | 15.1× | 15.1× |
| 16 May 2025 | 15.4× | 15.1× |
| 23 May 2025 | 15.6× | 15.1× |
| 30 May 2025 | 15.7× | 15.1× |
| 6 Jun 2025 | 15.6× | 15.1× |
| 13 Jun 2025 | 15.9× | 15.1× |
| 20 Jun 2025 | 15.5× | 15.1× |
| 27 Jun 2025 | 16.5× | 15.1× |
| 4 Jul 2025 | 16.0× | 15.1× |
| 11 Jul 2025 | 15.5× | 15.1× |
| 18 Jul 2025 | 16.0× | 15.1× |
| 25 Jul 2025 | 15.7× | 15.1× |
| 1 Aug 2025 | 14.9× | 15.1× |
| 8 Aug 2025 | 13.6× | 15.1× |
| 14 Aug 2025 | 13.2× | 15.1× |
| 22 Aug 2025 | 13.7× | 15.1× |
| 29 Aug 2025 | 13.6× | 15.1× |
| 5 Sep 2025 | 13.1× | 15.1× |
| 12 Sep 2025 | 13.9× | 15.1× |
| 19 Sep 2025 | 14.0× | 15.1× |
| 26 Sep 2025 | 13.2× | 15.1× |
| 3 Oct 2025 | 13.3× | 15.1× |
| 10 Oct 2025 | 13.2× | 15.1× |
| 17 Oct 2025 | 13.1× | 15.1× |
| 24 Oct 2025 | 13.5× | 15.1× |
| 31 Oct 2025 | 13.2× | 15.1× |
| 7 Nov 2025 | 13.4× | 15.1× |
| 14 Nov 2025 | 13.1× | 15.1× |
| 21 Nov 2025 | 13.0× | 15.1× |
| 28 Nov 2025 | 13.0× | 15.1× |
| 5 Dec 2025 | 12.5× | 15.1× |
| 12 Dec 2025 | 12.4× | 15.1× |
| 19 Dec 2025 | 12.5× | 15.1× |
| 26 Dec 2025 | 12.3× | 15.1× |
| 2 Jan 2026 | 13.1× | 15.1× |
| 9 Jan 2026 | 12.5× | 15.1× |
| 16 Jan 2026 | 12.7× | 15.1× |
| 23 Jan 2026 | 12.1× | 15.1× |
| 1 Feb 2026 | 12.7× | 15.1× |
| 6 Feb 2026 | 13.4× | 15.1× |
| 13 Feb 2026 | 13.5× | 15.1× |
| 20 Feb 2026 | 14.0× | 15.1× |
| 27 Feb 2026 | 13.1× | 15.1× |
| 6 Mar 2026 | 12.4× | 15.1× |
| 13 Mar 2026 | 12.3× | 15.1× |
| 20 Mar 2026 | 12.9× | 15.1× |
| 27 Mar 2026 | 11.8× | 15.1× |
| 2 Apr 2026 | 12.5× | 15.1× |
| 10 Apr 2026 | 14.6× | 15.1× |
| 17 Apr 2026 | 15.2× | 15.1× |
| 24 Apr 2026 | 14.6× | 15.1× |
| 29 Apr 2026 | 14.5× | 15.1× |
| 30 Apr 2026 | 15.2× | 15.1× |
| 8 May 2026 | 15.7× | 15.1× |
| 15 May 2026 | 15.0× | 15.1× |
| 22 May 2026 | 15.5× | 15.1× |
| 29 May 2026 | 16.4× | 15.1× |
| 4 Jun 2026 | 13.1× | 15.1× |
| 5 Jun 2026 | 16.9× | 15.1× |
| 9 Jun 2026 | 14.5× | 15.1× |
| 10 Jun 2026 | 14.1× | 15.1× |
| 12 Jun 2026 | 13.7× | 15.1× |
| 17 Jun 2026 | 14.1× | 15.1× |
| 19 Jun 2026 | 14.3× | 15.1× |
| 24 Jun 2026 | 14.4× | 15.1× |
| 25 Jun 2026 | 13.9× | 15.1× |
| 1 Jul 2026 | 14.5× | 15.1× |
| 3 Jul 2026 | 16.0× | 15.1× |
| 10 Jul 2026 | 16.4× | 15.1× |
| 17 Jul 2026 | 17.0× | 15.1× |
| 24 Jul 2026 | 17.3× | 15.1× |
| 31 Jul 2026 | 11.3× | 15.1× |
| 7 Aug 2026 | 12.1× | 15.1× |
| 14 Aug 2026 | 11.7× | 15.1× |
| 21 Aug 2026 | 12.2× | 15.1× |
| 28 Aug 2026 | 13.0× | 15.1× |
| 4 Sep 2026 | 13.6× | 15.1× |
| 11 Sep 2026 | 13.0× | 15.1× |
| 18 Sep 2026 | 12.4× | 15.1× |
| 25 Sep 2026 | 13.8× | 15.1× |
| 28 Sep 2026 | 13.5× | 15.1× |
| 1 Oct 2026 | 12.8× | 15.1× |
| 9 Oct 2026 | 12.3× | 15.1× |
| 16 Oct 2026 | 13.1× | 15.1× |
| 23 Oct 2026 | 11.6× | 15.1× |
| 30 Oct 2026 | 11.8× | 15.1× |
Earnings per share, 12 months
- Earnings per share, 12 months ₹10
| Week | Earnings per share, 12 months |
|---|---|
| 9 Feb 2024 | – |
| 16 Feb 2024 | – |
| 23 Feb 2024 | – |
| 2 Mar 2024 | – |
| 7 Mar 2024 | – |
| 15 Mar 2024 | – |
| 22 Mar 2024 | – |
| 28 Mar 2024 | ₹2 |
| 5 Apr 2024 | ₹2 |
| 12 Apr 2024 | ₹2 |
| 19 Apr 2024 | ₹2 |
| 26 Apr 2024 | ₹2 |
| 3 May 2024 | ₹2 |
| 10 May 2024 | ₹2 |
| 18 May 2024 | ₹2 |
| 24 May 2024 | ₹2 |
| 31 May 2024 | ₹2 |
| 7 Jun 2024 | ₹2 |
| 14 Jun 2024 | ₹2 |
| 21 Jun 2024 | ₹2 |
| 28 Jun 2024 | ₹3 |
| 5 Jul 2024 | ₹3 |
| 12 Jul 2024 | ₹3 |
| 19 Jul 2024 | ₹3 |
| 26 Jul 2024 | ₹3 |
| 2 Aug 2024 | ₹3 |
| 9 Aug 2024 | ₹3 |
| 16 Aug 2024 | ₹3 |
| 23 Aug 2024 | ₹3 |
| 30 Aug 2024 | ₹3 |
| 6 Sep 2024 | ₹3 |
| 13 Sep 2024 | ₹3 |
| 20 Sep 2024 | ₹3 |
| 27 Sep 2024 | ₹3 |
| 4 Oct 2024 | ₹3 |
| 11 Oct 2024 | ₹3 |
| 18 Oct 2024 | ₹3 |
| 25 Oct 2024 | ₹3 |
| 1 Nov 2024 | ₹3 |
| 8 Nov 2024 | ₹3 |
| 14 Nov 2024 | ₹3 |
| 22 Nov 2024 | ₹3 |
| 29 Nov 2024 | ₹3 |
| 6 Dec 2024 | ₹3 |
| 13 Dec 2024 | ₹3 |
| 20 Dec 2024 | ₹3 |
| 27 Dec 2024 | ₹5 |
| 3 Jan 2025 | ₹5 |
| 10 Jan 2025 | ₹5 |
| 17 Jan 2025 | ₹5 |
| 24 Jan 2025 | ₹5 |
| 1 Feb 2025 | ₹5 |
| 7 Feb 2025 | ₹5 |
| 14 Feb 2025 | ₹5 |
| 21 Feb 2025 | ₹5 |
| 28 Feb 2025 | ₹5 |
| 7 Mar 2025 | ₹5 |
| 13 Mar 2025 | ₹5 |
| 21 Mar 2025 | ₹5 |
| 28 Mar 2025 | ₹6 |
| 4 Apr 2025 | ₹6 |
| 11 Apr 2025 | ₹6 |
| 17 Apr 2025 | ₹6 |
| 25 Apr 2025 | ₹6 |
| 2 May 2025 | ₹6 |
| 9 May 2025 | ₹6 |
| 16 May 2025 | ₹6 |
| 23 May 2025 | ₹6 |
| 30 May 2025 | ₹6 |
| 6 Jun 2025 | ₹6 |
| 13 Jun 2025 | ₹6 |
| 20 Jun 2025 | ₹6 |
| 27 Jun 2025 | ₹6 |
| 4 Jul 2025 | ₹6 |
| 11 Jul 2025 | ₹6 |
| 18 Jul 2025 | ₹6 |
| 25 Jul 2025 | ₹6 |
| 1 Aug 2025 | ₹6 |
| 8 Aug 2025 | ₹6 |
| 14 Aug 2025 | ₹6 |
| 22 Aug 2025 | ₹6 |
| 29 Aug 2025 | ₹6 |
| 5 Sep 2025 | ₹6 |
| 12 Sep 2025 | ₹6 |
| 19 Sep 2025 | ₹6 |
| 26 Sep 2025 | ₹6 |
| 3 Oct 2025 | ₹6 |
| 10 Oct 2025 | ₹6 |
| 17 Oct 2025 | ₹6 |
| 24 Oct 2025 | ₹6 |
| 31 Oct 2025 | ₹6 |
| 7 Nov 2025 | ₹6 |
| 14 Nov 2025 | ₹6 |
| 21 Nov 2025 | ₹6 |
| 28 Nov 2025 | ₹6 |
| 5 Dec 2025 | ₹6 |
| 12 Dec 2025 | ₹6 |
| 19 Dec 2025 | ₹6 |
| 26 Dec 2025 | ₹6 |
| 2 Jan 2026 | ₹6 |
| 9 Jan 2026 | ₹6 |
| 16 Jan 2026 | ₹6 |
| 23 Jan 2026 | ₹6 |
| 1 Feb 2026 | ₹6 |
| 6 Feb 2026 | ₹6 |
| 13 Feb 2026 | ₹6 |
| 20 Feb 2026 | ₹6 |
| 27 Feb 2026 | ₹6 |
| 6 Mar 2026 | ₹6 |
| 13 Mar 2026 | ₹6 |
| 20 Mar 2026 | ₹6 |
| 27 Mar 2026 | ₹6 |
| 2 Apr 2026 | ₹6 |
| 10 Apr 2026 | ₹6 |
| 17 Apr 2026 | ₹6 |
| 24 Apr 2026 | ₹6 |
| 29 Apr 2026 | ₹6 |
| 30 Apr 2026 | ₹6 |
| 8 May 2026 | ₹6 |
| 15 May 2026 | ₹6 |
| 22 May 2026 | ₹6 |
| 29 May 2026 | ₹6 |
| 4 Jun 2026 | ₹6 |
| 5 Jun 2026 | ₹6 |
| 9 Jun 2026 | ₹6 |
| 10 Jun 2026 | ₹6 |
| 12 Jun 2026 | ₹6 |
| 17 Jun 2026 | ₹6 |
| 19 Jun 2026 | ₹6 |
| 24 Jun 2026 | ₹6 |
| 25 Jun 2026 | ₹7 |
| 1 Jul 2026 | ₹7 |
| 3 Jul 2026 | ₹7 |
| 10 Jul 2026 | ₹7 |
| 17 Jul 2026 | ₹7 |
| 24 Jul 2026 | ₹7 |
| 31 Jul 2026 | ₹7 |
| 7 Aug 2026 | ₹7 |
| 14 Aug 2026 | ₹7 |
| 21 Aug 2026 | ₹7 |
| 28 Aug 2026 | ₹7 |
| 4 Sep 2026 | ₹7 |
| 11 Sep 2026 | ₹7 |
| 18 Sep 2026 | ₹7 |
| 25 Sep 2026 | ₹7 |
| 28 Sep 2026 | ₹10 |
| 1 Oct 2026 | ₹10 |
| 9 Oct 2026 | ₹10 |
| 16 Oct 2026 | ₹10 |
| 23 Oct 2026 | ₹10 |
| 30 Oct 2026 | ₹10 |
PEG 0.15: below 1.0, so the P/E is smaller than the earnings growth rate
- PEG 0.15×
- PEG = 1.0 1.00×
| Quarter | PEG | PEG = 1.0 |
|---|---|---|
| Q4 FY25 | 0.10× | 1.00× |
| Q1 FY26 | 0.21× | 1.00× |
| Q2 FY26 | 1.10× | 1.00× |
| Q3 FY26 | 1.32× | 1.00× |
| Q4 FY26 | 0.35× | 1.00× |
| Q1 FY27 | 0.15× | 1.00× |
Why the multiple is where it is: over the past year earnings per share moved +25.6% while the price moved +57.6%. The price did better than earnings, which pushed the multiple up within its own range.
In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.
What growth does the GHCL Textiles share price assume?
Worked out from its price on 24 August 2026, GHCL Textiles Ltd's share price assumed profit growth of about 5.8% a year. Today its P/E is 12.4×, lower than 93% of its own last 2.7 years.
This works the share price backwards. It asks one question: what yearly profit growth does the price already assume? The answer is the growth rate at which eleven years of profit (six years of growth, then five years of slowing) add up to that day's market value, after each year is discounted at 11%.
This is a one-day reading, taken on 24 August 2026. Every other number on this page, the multiple included, uses the latest price as of 4 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements.
Is the GHCL Textiles business getting better or worse?
GHCL Textiles Ltd's business is giving mixed signals. Growth has been steadily positive, but ROCE at 8.3% is below the 15% level needed to call it steady growth. This is based on 8 quarters of 3 measures, with some gaps.
Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.
Growth year by year: revenue +13.6% in FY26, profit +25.0%
- Revenue growth 13.6%
| Quarter | Revenue growth |
|---|---|
| FY21 | – |
| FY22 | – |
| FY23 | – |
| FY24 | – |
| FY25 | 10.2% |
| FY26 | 13.6% |
Profit growth, EPS growth
- Profit growth 25%
- EPS growth 25.6%
| Quarter | Profit growth | EPS growth |
|---|---|---|
| FY21 | – | – |
| FY22 | – | – |
| FY23 | – | – |
| FY24 | – | – |
| FY25 | 124% | 123.7% |
| FY26 | 25% | 25.6% |
Three growth lines over twelve quarters: revenue accelerating, profit rolling over
- Revenue 27.8%
| Quarter | Revenue |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | – |
| Jun 2024 | – |
| Sep 2024 | 114.7% |
| Dec 2024 | 51.8% |
| Mar 2025 | 10.4% |
| Jun 2025 | 5.9% |
| Sep 2025 | 4.6% |
| Dec 2025 | 6.4% |
| Mar 2026 | 13.5% |
| Jun 2026 | 27.8% |
Profit, EPS
- Profit 65.5%
- EPS 66.6%
| Quarter | Profit | EPS |
|---|---|---|
| Sep 2023 | – | – |
| Dec 2023 | – | – |
| Mar 2024 | – | – |
| Jun 2024 | – | – |
| Sep 2024 | 300% | – |
| Dec 2024 | 271.4% | – |
| Mar 2025 | 133.3% | 123.7% |
| Jun 2025 | 81.3% | 77.1% |
| Sep 2025 | 12.8% | 12.6% |
| Dec 2025 | 9.6% | 9.4% |
| Mar 2026 | 26.8% | 25.4% |
| Jun 2026 | 65.5% | 66.6% |
ROCE: the return line, worked out each quarter
- ROCE 8.3%
| Quarter | ROCE |
|---|---|
| Sep 2023 | – |
| Dec 2023 | – |
| Mar 2024 | 2.7% |
| Jun 2024 | 3.3% |
| Sep 2024 | – |
| Dec 2024 | – |
| Mar 2025 | – |
| Jun 2025 | – |
| Sep 2025 | 4.8% |
| Dec 2025 | 5.2% |
| Mar 2026 | 6.1% |
| Jun 2026 | 8.3% |
Why it matters: when the lines disagree, each line above matters more than any single label.
This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.
Compound annual growth rate (%)
Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.
| Measure | 1yr | 3yr | 5yr | 10yr |
|---|---|---|---|---|
| Revenue | +13.6% | — | — | — |
| Profit | +25.0% | — | — | — |
| EPS | +25.6% | — | — | — |
| Share price | +57.6% | +18.3% | — | — |
What is the GHCL Textiles story, and has it been checked?
GHCL Textiles Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: MID EXPANSION. Still open: The thesis breaks if the next two reported quarters show operating margin below the prior-year range while fabric mix and the remaining knitting-machine rollout do not advance.
NOT YET CHECKED
Our read, 22 August 2026. A yarn-cycle recovery is funding a move into fabric, but the case depends on proving that current spreads can survive without the inventory benefit and that delayed integration assets finally arrive.
From the price. Price stage 2, week 25, above its 200-day line, relative strength falling.
From the research. A yarn-cycle recovery is funding a move into fabric, but the case depends on proving that current spreads can survive without the inventory benefit and that delayed integration assets finally arrive.
Where they disagree. The deterministic cycle verdict is limited by short margin history, so the stock should be treated as a recovery needing confirmation rather than as a mechanically low cycle-bottom case.
What is proven. A yarn-cycle recovery is funding a move into fabric, but the case depends on proving that current spreads can survive without the inventory benefit and that delayed integration assets finally arrive.
What is not proven yet. The thesis breaks if the next two reported quarters show operating margin below the prior-year range while fabric mix and the remaining knitting-machine rollout do not advance.
What would change our mind. The thesis breaks if the next two reported quarters show operating margin below the prior-year range while fabric mix and the remaining knitting-machine rollout do not advance.
The test written in advance. The thesis breaks if the next two reported quarters show operating margin below the prior-year range while fabric mix and the remaining knitting-machine rollout do not advance. Measured by: the thesis as written as stated by the next result.
The test written in advance. Peak-margin normalization. Measured by: Peak-margin normalization Reported operating margin at or above 13% after the low-cost cotton inventory is consumed. by the next result.
The test written in advance. Knitting rollout execution. Measured by: Knitting rollout execution Remaining knitting machines operational by the end of Q3 FY27. by the next result.
What the company does. The latest quarter combines faster sales growth, a higher operating margin, and profit growth, while the operating cycle remains in expansion. Fabric integration, solar savings, and a revenue goal provide forward fuel; repeated timeline and benchmark changes keep management execution as the gating risk.
The key numbers to watch, and the level that would change the picture
| Measure | Now | Why it matters | What to watch |
|---|---|---|---|
| Spread and pricing conversion | HIGH | Price acceptance and customer mix can preserve part of the latest spread after low-cost cotton inventory is consumed. | Higher cotton costs cannot be passed through and spreads fall as low-cost inventory is exhausted. |
| Fabric integration ramp | MEDIUM HIGH | The first knitting machines are operating and fabric mix has increased, creating a measurable route away from pure yarn sales. | The remaining machines miss the stated rollout or fabric share does not rise after commissioning. |
| Solar cost savings | LOW MEDIUM | Rooftop solar is operating and the ground project has a dated commissioning goal and stated annual saving. | The ground project misses its planned commissioning or its stated savings do not appear in operating costs. |
| Capacity and FY29 scale goal | MEDIUM | Management plans higher revenue through fabric, grey fabric, and ready-to-cut integration rather than additional spinning volume… | Fabric conversion remains immaterial while spinning capacity is already full. |
Everything further down this page is evidence for or against these.
FY26-Q2FY27-Q1
What the surface reading misses. The surface reading is: Low latest-year cash conversion suggests weak earnings quality. The research reads it further: The multi-year record is cash-generative; the latest-year issue is a working-capital drain rather than a persistent operating-cash deficit.
- 1 · Operating leveragebuilding
- 2 · Value-added mixquiet
- 3 · Management changequiet
- 4 · Paying down debtquiet
- 5 · Regulatory approvalquiet
- 6 · Order-book winsbuilding
- 7 · Consolidationbuilding
- 8 · Demerger or value unlockquiet
- 9 · Buybackquiet
- 10 · New geographiesquiet
- 11 · More business from existing customersbuilding
- 12 · New product launchquiet
- 13 · Mandatory normsquiet
- 14 · A bigger market to servequiet
- 15 · Market-share gainsquiet
- 16 · Asset qualityquiet
Lever 1 · Operating leverage: building. Price acceptance and customer mix can preserve part of the latest spread after low-cost cotton inventory is consumed. What proves it keeps working: Spread and pricing conversion. It stops working if Higher cotton costs cannot be passed through and spreads fall as low-cost inventory is exhausted.
Lever 7 · Consolidation: building. The first knitting machines are operating and fabric mix has increased, creating a measurable route away from pure yarn sales. What proves it keeps working: Fabric integration ramp. It stops working if The remaining machines miss the stated rollout or fabric share does not rise after commissioning.
Lever 11 · More business from existing customers: building. Rooftop solar is operating and the ground project has a dated commissioning goal and stated annual saving. What proves it keeps working: Solar cost savings. It stops working if The ground project misses its planned commissioning or its stated savings do not appear in operating costs.
Lever 6 · Order-book wins: building. Management plans higher revenue through fabric, grey fabric, and ready-to-cut integration rather than additional spinning volume alone. What proves it keeps working: Capacity and FY29 scale goal. It stops working if Fabric conversion remains immaterial while spinning capacity is already full.
Sources: our stock research file (22 August 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.
The whole page in one table. Each row links to its section.
Did GHCL Textiles management deliver what it promised?
What GHCL Textiles Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.
Q4 FY26 Spread Recast Without Explanation · 30 July 2026. The April 2026 call reported the Q4 FY26 spread at approximately INR148 per kilo, while the July 2026 call repeatedly used approximately INR138 per kilo as the Q4 FY26 baseline. Management did not explain whether the earlier figure was corrected or whether the two figures use different definitions, creating a material inconsistency in the historical margin benchmark.
FY29 Revenue Goal Became a Firm Commitment · 30 July 2026. In April 2026, management described the INR2,000 crore revenue goal as achievable between FY29 and FY30, whereas the July 2026 call stated that the goal would definitely be reached by FY29.
2,000 Crore Revenue Goal - Best-Case Year Quietly Dropped · 30 April 2026. In the Nov 2025 call, management explicitly stated the INR2,000 crore top-line goal was achievable between FY28 and FY30. The latest call (Apr 2026), just five months later, narrows this range to FY29 or FY30, silently eliminating FY28 as a possibility without providing any rationale for the change.
Knitting Project Revenue Outlook Slashed · 30 January 2026. In the July 2025 call, management explicitly guided that the new knitting project (40 machines) would generate additional revenue between Rs 75-80 crores. However, in the January 2026 call, they significantly lowered this expectation, stating the additional top line would be only Rs 30-40 crores. Earlier call (Jul 2025): “This Rs. 38 crores would generate additional revenue of about Rs. 80 crores. Rs. 75 crores to Rs. 80 crores is what additional revenue would be generated.” Later call (Jan 2026): “If you just want to talk about the additional top line from the 40 knitting machines which will come up next year, assuming a full year of operation, it would be around 30-40 crores.”
Every quote above is taken word for word from the company’s own earnings calls.
What is GHCL Textiles management's track record?
SEBI restrained non-executive chairman Anurag Dalmia for 18 months and imposed a ₹20 lakh penalty in a Golden Tobacco matter; the company said there was no operating impact, and SAT later stayed the order.
Checked 30 August 2026.
How much does GHCL Textiles earn on its capital?
GHCL Textiles Ltd earned a ROCE of 6% in FY26. That is up from a low of 5% in FY25. Its return on capital used (ROIC) is 6.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.
Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.
It comes from a 5.3% net margin and 0.71× asset turnover (sales divided by assets).
Why the return is what it is (FY26): a 5.3% net margin × 0.71× asset turnover × 1.25× leverage (assets divided by equity) ≈ 4.7% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.
The key test, return on capital used minus the cost of capital: 5.5% − 12.0% = −6.5 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.
The 5.5% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 4.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.
FY26: ROCE 6%, the climb back from FY25's 5%
- ROCE 6%
- ROIC (annual) 4%
- Cost of capital 12%
| Quarter | ROCE | ROIC (annual) | Cost of capital |
|---|---|---|---|
| FY24 | 6% | 1.8% | 12% |
| FY25 | 5% | 3.5% | 12% |
| FY26 | 6% | 4% | 12% |
Q4 FY26: ROCE 5.0% (last 12 months) against a 12.0% cost of capital
- ROCE (12 months) 5.0%
- ROIC (12 months) 4%
- Cost of capital 12.0%
| Quarter | ROCE (12 months) | ROIC (12 months) | Cost of capital |
|---|---|---|---|
| Q4 FY24 | 2.3% | – | 12% |
| Q1 FY25 | – | – | 12% |
| Q2 FY25 | 3.4% | – | 12% |
| Q3 FY25 | – | – | 12% |
| Q4 FY25 | 3.8% | 3.2% | 12% |
| Q1 FY26 | – | 3.4% | 12% |
| Q2 FY26 | 4.2% | 3.4% | 12% |
| Q3 FY26 | – | 3.5% | 12% |
| Q4 FY26 | 5% | 3.7% | 12% |
| Q1 FY27 | – | 4% | 12% |
Does GHCL Textiles have too much debt?
GHCL Textiles Ltd has total debt of ₹134 Cr against shareholder equity of ₹1,502 Cr as of Jun 2026, so its debt is 0.09× its equity, which is very little. Year by year, that ratio went from 0.05 in FY24 to 0.09 in FY26. So the returns on this page come from the business, not from borrowed money.
Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.
FY26: debt ₹134 Cr, 0.09× equity
- Total debt ₹134
| Quarter | Total debt |
|---|---|
| FY24 | ₹72 |
| FY25 | ₹63 |
| FY26 | ₹134 |
Debt-to-equity
- Debt-to-equity 0.09×
| Quarter | Debt-to-equity |
|---|---|
| FY24 | 0.05× |
| FY25 | 0.04× |
| FY26 | 0.09× |
Jun 2026: debt ₹134 Cr, debt-to-equity 0.09
- Total debt (quarterly) ₹134
| Quarter | Total debt (quarterly) |
|---|---|
| Mar 2024 | ₹72 |
| Jun 2024 | ₹72 |
| Sep 2024 | ₹14 |
| Dec 2024 | ₹14 |
| Mar 2025 | ₹63 |
| Jun 2025 | ₹63 |
| Sep 2025 | ₹57 |
| Dec 2025 | ₹57 |
| Mar 2026 | ₹134 |
| Jun 2026 | ₹134 |
Debt-to-equity
- Debt-to-equity 0.09×
| Quarter | Debt-to-equity |
|---|---|
| Mar 2024 | 0.05× |
| Jun 2024 | 0.05× |
| Sep 2024 | 0.01× |
| Dec 2024 | 0.01× |
| Mar 2025 | 0.04× |
| Jun 2025 | 0.04× |
| Sep 2025 | 0.04× |
| Dec 2025 | 0.04× |
| Mar 2026 | 0.09× |
| Jun 2026 | 0.09× |
What is the GHCL Textiles shareholding pattern?
Domestic institutions cut their stake in GHCL Textiles Ltd by 5.2 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 0.9% of the company. Foreign institutions moved −2.9 points over the same period, to 13.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.
Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.
Over the last two years: Domestic institutions: −5.2 points over 8 quarters, to 0.9%; Foreign institutions: −2.9 points over 8 quarters, to 13.1%; Promoters: +0.1 points over 8 quarters, to 19.2%. Promoters own under 20%, so this is a widely owned company where institutions, not a family, have the most say.
Why the owners changed: domestic institutions drove it (−5.2 points), together with foreign institutions (−2.9 points). They reduced their stake.
Year ends: the public +3.4 points from Mar 2024 to Mar 2026
- Promoters 19.2%
- Foreign inst. 13.44%
- Domestic inst. 5.01%
- Public 62.35%
| Quarter | Promoters | Foreign inst. | Domestic inst. | Public |
|---|---|---|---|---|
| Mar 2024 | 19.16% | 15.84% | 6.01% | 58.98% |
| Mar 2025 | 19.16% | 15.67% | 5.98% | 59.19% |
| Mar 2026 | 19.2% | 13.44% | 5.01% | 62.35% |
Domestic institutions cut their stake by 5.2 points over 8 quarters
- Promoters 19.21%
- Foreign inst. 13.06%
- Domestic inst. 0.95%
- Public 66.76%
| Quarter | Promoters | Foreign inst. | Domestic inst. | Public |
|---|---|---|---|---|
| Sep 2023 | 19.15% | 21.41% | 8.78% | 50.66% |
| Dec 2023 | 19.15% | 18.32% | 8.87% | 53.66% |
| Mar 2024 | 19.16% | 15.84% | 6.01% | 58.98% |
| Jun 2024 | 19.16% | 15.7% | 6.37% | 58.79% |
| Sep 2024 | 19.16% | 15.95% | 6.17% | 58.71% |
| Dec 2024 | 19.16% | 16.57% | 6.23% | 58.05% |
| Mar 2025 | 19.16% | 15.67% | 5.98% | 59.19% |
| Jun 2025 | 19.16% | 15.65% | 6.08% | 59.1% |
| Sep 2025 | 19.16% | 15.68% | 5.87% | 59.29% |
| Dec 2025 | 19.16% | 13.36% | 5.87% | 61.61% |
| Mar 2026 | 19.2% | 13.44% | 5.01% | 62.35% |
| Jun 2026 | 19.2% | 13.24% | 1.09% | 66.47% |
| Sep 2026 | 19.21% | 13.06% | 0.95% | 66.76% |
How far is GHCL Textiles from balance-sheet trouble?
For GHCL Textiles Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.
The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.
How does GHCL Textiles rank in its industry?
79.3 out of 100, rank 1 of 4 in Textiles - General, with 97% of the evidence available.
GHCL Textiles Ltd scores 79.3 out of 100 against the 4 companies it is compared with in Textiles - General, ranking 1. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
The four parts add up to the total exactly: 34.1 + 8.1 + 17.1 + 20 = 79.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here.
What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.
Which companies is GHCL Textiles compared with?
GHCL Textiles ranks 1 of 4 Textiles - General companies on the 4-Factor Sector Score, with 79.3 out of 100.
- 1GHCL Textiles Ltd this pageGHCLTEXTIL · leader · Most evidence points up · 97% evidence79.3out of 100
How the score adds up
Growth & earnings 34.1/35 · Revenue 27.9% · Profit 65.5% · Operating margin change 6 points · 100% evidenceCapital efficiency 8.1/25 · ROCE 5.8% · Operating margin 17% · 100% evidenceValuation 17.1/20 · P/E 11.8× · PEG 0.98 · 85% evidenceRelative strength 20.0/20 · Lead over its industry 17.5% · Lead over NIFTY 500 30.3% · 1 year 53.4% · 100% evidence · 12 of 12 weeks aheadExact sum: 34.1 + 8.1 + 17.1 + 20 = 79.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. - 2Voith Paper Fabrics India LtdVOITHPAPR · quiet · Evidence leans up · 82% evidence50.8out of 100
How the score adds up
Growth & earnings 10.3/35 · Revenue 5% · Profit 0% · Operating margin change 1 points · 100% evidenceCapital efficiency 16.9/25 · ROCE 14.9% · Operating margin 31% · 100% evidenceValuation 16.1/20 · P/E 12.9× · PEG 1.18 · 85% evidenceRelative strength 7.5/20 · Lead over its industry — · Lead over NIFTY 500 -11.6% · 1 year -31.5% · 25% evidence · 0 of 5 weeks aheadExact sum: 10.3 + 16.9 + 16.1 + 7.5 = 50.8 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. - 3Jindal Worldwide LtdJINDWORLD · losing its lead · Evidence leans down · 97% evidence40.0out of 100
How the score adds up
Growth & earnings 8.7/35 · Revenue -1.8% · Profit 13.5% · Operating margin change -2 points · 100% evidenceCapital efficiency 7.5/25 · ROCE 8.6% · Operating margin 5% · 100% evidenceValuation 4.2/20 · P/E 42.1× · PEG 8.08 · 85% evidenceRelative strength 19.6/20 · Lead over its industry 5.4% · Lead over NIFTY 500 17.2% · 1 year -2% · 100% evidence · 10 of 12 weeks aheadExact sum: 8.7 + 7.5 + 4.2 + 19.6 = 40 · What this means: Relative strength against the index is 17.2%, and revenue and profit growth are weak. - 4VTM LtdVTMLTD · Most evidence points down · 77% evidence28.7out of 100
How the score adds up
Growth & earnings 8.8/43.75 · Revenue 11.5% · Profit -80% · Operating margin change -5.8 points · 100% evidenceCapital efficiency 5.3/31.25 · ROCE 5.1% · Operating margin 5.9% · 100% evidenceValuation 14.6/25 · P/E 42.6× · PEG 0.31 · 85% evidenceRelative strength: no reading this week · its 20 points are shared across the other threeExact sum: 8.8 + 5.3 + 14.6 = 28.7 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone.
Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.
The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.
Related companies: Textiles - General, all 4 compared on one page.
Which companies are close to GHCL Textiles in size?
GHCL Textiles is the 2nd largest of 4 Textiles - General companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Jindal Worldwide. Just below it: Voith Paper Fabrics India and VTM.
Textiles - General companies close in size
- Jindal Worldwide Ltd ₹3,567 crore
- GHCL Textiles Ltd ₹1,130 crore
- Voith Paper Fabrics India Ltd ₹577 crore
- VTM Ltd ₹470 crore
All 4 Textiles - General companies, largest first
Companies close in size in other industries
- Southern Petrochemicals Industries Corporation Ltd ₹1,133 crore · Fertilisers
- N R Agarwal Industries Ltd ₹1,132 crore · Paper
- GHCL Textiles Ltd ₹1,130 crore
- Vikram Thermo (India) Ltd ₹1,129 crore · Speciality Chemicals
- Atul Auto Ltd ₹1,128 crore · Auto - 2 & 3 Wheelers
What else do people ask about GHCL Textiles?
What is GHCL Textiles's share price today?
GHCL Textiles Ltd's share price is ₹123.95, +57.6% over the past year. The whole company is worth ₹1,187 Cr on the market.
In the last 52 weeks it traded between ₹69 to ₹139; today it is 78% of the way up from the low, 16.0% above its 200-day average (as of 4 November 2026).
What were GHCL Textiles's latest quarterly results?
GHCL Textiles Ltd reported revenue of ₹409 Cr and net profit of ₹39.0 Cr for the Jun 2026 quarter. Revenue rose 52.6% and profit rose 178.6% compared with a year earlier. Earnings per share were ₹4.12.
The operating margin was 17.0%, 6.0 percentage points higher than a year earlier (as of 4 November 2026).
What is GHCL Textiles's market cap?
GHCL Textiles Ltd's market capitalisation is ₹1,187 Cr at a share price of ₹123.95. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).
How is GHCL Textiles performing?
GHCL Textiles Ltd's share price has been rising for 25 weeks. In its latest quarter, revenue rose 52.6% and profit rose 178.6% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 46 weeks running (as of 4 November 2026).
Will GHCL Textiles's share price go up?
This page does not forecast GHCL Textiles Ltd's share price. What it shows instead: the share price is ₹123.95, and it has been rising for 25 weeks. Its P/E of 12.4× is higher than 7% of its own last 3 years (as of 4 November 2026).
Who owns GHCL Textiles?
Promoters own 19.2% of GHCL Textiles Ltd, foreign institutions 13.1%, domestic institutions 0.9% and the public 66.8% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 5.2 percentage points over 8 quarters (as of 4 November 2026).
Where is GHCL Textiles in its business cycle?
GHCL Textiles Ltd's FY26 operating margin was 11.0%, against a 3-year range of 8.0% to 11.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 17.0%.
Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026).
What could break the GHCL Textiles story?
The main question: the share price moved +57.6% in a year while yearly earnings per share moved +25.6%. The difference came from the market paying a higher multiple.
On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).
Is GHCL Textiles a stock worth studying right now?
What the numbers show: GHCL Textiles Ltd's results are improving, while its P/E is near the low end of its own history over 2.7 years, higher than only 7% of past readings. The main open question: whether earnings grow into a price that has already moved.
Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).
Is there a GHCL Textiles share price forecast for 2026?
What management itself guided: FY27 revenue is planned around ₹1,500 crore, with growth similar to the prior year's 14.0% or higher; the longer-term goal is ₹2,000 crore by FY29.
What is changing at GHCL Textiles, from the latest results and calls: spread and pricing conversion, fabric integration ramp and solar cost savings. What would change the story: The thesis breaks if the next two reported quarters show operating margin below the prior-year range while fabric mix and the remaining knitting-machine rollout do not advance.
Where does this page get GHCL Textiles' management information?
From GHCL Textiles' results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results.
Where do these numbers come from?
Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.
Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.
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