RSWM share price today

RSWM Ltd's share price was ₹194.16 at the close on 6 November 2026. It has been rising for 23 weeks. That is 4.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹122 and ₹221, and at that close it sat 73% 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 RSWM 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 1 week in a row.

Over the last 11 years the share price moved +5% while the NIFTY 500 moved +251%, so it is behind 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.

Three changes stood out: best operating margin in 15 quarters, foreign funds (FIIs) cut their stake for 3 quarters in a row and revenue down on a year earlier for 5 quarters in a row.

1. Best operating margin in 15 quarters

   Operating margin was 8% in the June 2026 quarter, against 6% a year earlier.

   Why: The company kept more from each sale after raw material costs, helped by better prices, careful stock management and better use of raw materials.

   From the earnings call on 5 Aug 2026.

2. Foreign funds (FIIs) cut their stake for 3 quarters in a row

   From 1.2% to 0.7% of the company by the September 2026 quarter.

3. Revenue down on a year earlier for 5 quarters in a row

   In the June 2026 quarter revenue was ₹1,161 crore, -0.8% on a year earlier.

   Why: Revenue fell because export-focused knit fabric customers were making less, and fabric demand was weak.

   Next results: check whether the recent improvement in demand and inquiries turns into actual orders.

   From the earnings call on 5 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), RSWM reported revenue of ₹1,161 crore, down 0.8% from ₹1,170 crore a year earlier, and a profit of ₹20.0 crore, up 150.0% from ₹8.00 crore.

RSWM results: April to June 2026 against a year earlier

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).

RSWM's management discussed these results on a call held on 5 August 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.

RSWM closed at ₹194.16 on 6 November 2026, up 27.5% from ₹152.34 a year earlier (7 November 2025) and down 36.8% over five years. Its highest weekly close since March 2016 was ₹346.56 on 6 May 2022.

RSWM share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 11 March 2016 to 6 November 2026.

6 Nov 2026: RSWM closed at ₹194.16, up 8.5% on the week and down 0.8% on the month. 5 Aug 2026: RSWM held its results call for April to June 2026. Management guided: Graphene-based fiber expected to get rolling within FY27.

Earlier

• Results for April to June 2026: Revenue down 0.8% and profit up 150.0% on a year earlier.

RSWM paid no dividend in the 12 months to 7 November 2026. The last was a dividend of ₹5 a share, ex-date 8 September 2023.

RSWM dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Not in its latest year. RSWM Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 7 of its last 13 reported years, so there is a history but no current dividend.

From the NSE corporate-actions record, read 7 November 2026.

On the call for April to June 2026, held on 5 August 2026, RSWM's management guided: Graphene-based fiber expected to get rolling within FY27.

“At RSWM, we remain focused on factors within our control by increasing the share of value-added products, improving manufacturing efficiency, and strengthening customer relationships across domestic and international markets.”Rajiv Gupta, on the call for April to June 2026

What management guided

• V2V trials planned in January to March 2027 and commercial production may begin in April to June 2027; first phase planned at 50,000 metric tons per year and ₹500 crore revenue, with industry operating margin around 15%.
• V2V utilization planned at 75% in year one, 85% in year two, and 90%-91% by year three.
• Denim garmenting first phase may reach 5 lakh pieces per month.
• Knitting expansion expected in October to December 2026, taking capacity from 650 to 900 tons per month including 150 tons of printing; trials and ramp-up follow.

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, 5 August 2026.

What is changing at RSWM, from the latest results and calls: utilization recovery, melange/knit/denim, product mix shift, value-added and printed segments and fta market access, us interim framework + eu + uk.

• Product Mix Shift, Value-Added and Printed Segments. Chhata closure removed ₹250 crore low-margin revenue; 40,000 spindles shifted to PV dyed; knit printing capacity (120 tonnes/month) adds 5-7% margin premium on that segment. ⚠ estimate
• FTA Market Access, US Interim Framework + EU + UK. US interim FTA reduces tariffs 50% to 18%; EU-India FTA zeroes 8-12% tariffs levelling vs Bangladesh/Vietnam; UK FTA in implementation, export volume tailwind from late FY27. ⚠ estimate
• Interest Cost Reduction via Working Capital and Deleveraging. Working capital optimisation freed ₹12.5 crore annual interest; borrowings reduced ₹111 crore to ₹1,510 crore; repo rate cuts contributed ₹3-4 Cr/quarter reduction. ⚠ 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 31 May 2026.

6 documented contradictions across 4 calls: capital spending cost doubled, debt commitment reversed, savings estimate cut 60-70%, tariff impact initially downplayed then blamed as primary headwind.

The main risks

• Management Credibility, Serial Guidance Contradictions: 6 documented contradictions across 4 calls: capital spending cost doubled, debt commitment reversed, savings estimate cut 60-70%, tariff impact initially downplayed then blamed as primary headwind. ⚠ estimate
• Capital spending Execution Risk, ₹1,110 crore In-Flight: ₹202 crore knit expansion (already delayed 5-7 months) + ₹427 crore Ratlam B2B project (construction just starting) = ₹629 crore active projects on a ₹830 crore market cap company. ✓ fact
• US Tariff and Global Demand Uncertainty: RSWM is an upstream supplier to garmenters who export to the US, tariff shocks cascade through a 3-6 month sampling cycle lag before impacting RSWM order flows. ⚠ estimate
• Leverage Concentration and Interest Cost Sensitivity: ₹1,510 crore total borrowings at D/E ~1.1x; ₹700 crore term loan for capital spending constrains deleveraging for 3 years while interest coverage remains thin at current operating profit levels. ✓ fact

Our read after the latest results, written 31 May 2026.

When RSWM reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Subsequent-quarter operating profit performance to match or exceed Q1, testing the qualitative commitment despite external volatility.

RSWM is not on any of our India lists this week.

RSWM Ltd earned ₹20.0 Cr of net profit in the Jun 2026 quarter, +150.0% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹52.0 Cr. Over 10 years profit has grown −7.4% a year on average. That is 1.7% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹8.0 Cr. 5 of the last 12 reported quarters were loss-making.

RSWM Ltd reported ₹1,161 Cr of revenue in the Jun 2026 quarter, −0.8% on the same quarter a year earlier. Over 10 years it has grown 4.5% a year on average. The last full year, FY26, came in at ₹4,554 Cr. The last four reported quarters add to ₹4,545 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Three trade agreements are in various stages of implementation. The EU-India FTA (Jan 2026) zeros the 8-12% tariff, creating a level playing field against Bangladesh, Vietnam, and Turkey in a US$250 billion annual EU textile market. UK and New Zealand FTAs are in later stages (late FY27 expected). Management identified EU textile export potential growing from current Rs 8 billion to Rs 35-40 billion with CAGR of 8-10% as the tariff advantage compounds. RSWM benefits indirectly, it supplies to garmenters…

FY26 revenue was ₹4,554 Cr, −5.6% on the year before.

Recent pace: the last four quarters grew −5.0% on average, against 4.5% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −5.1%, against +2.1% a year over the last 8 quarters (rolling over).

RSWM Ltd's operating margin was 8.0% in the Jun 2026 quarter, 2.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 2.3% and 14.0%. The latest quarter is within that range.

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. The turnaround's core driver in FY26 was product mix optimization across five business verticals: deliberate exit from commodity segments (Chhata synthetic spinning closed), spindle relocation to PV dyed yarn at Khajigram (40,000 spindles shifted), and spending on printed knit capacity (120 tonnes/month printing facility under Rs 202 Cr capex). Value-added products are less than 20% of sales currently. The Rs 92-202 Cr knit capex (printing segment addition) goals 5-7% margin premium on printed versus non-printed fabric. Once the Q3 FY27 knit expansion completes, this driver gains a new leg, printed knit accessing 30-35% of knit fabric market (kidswear, womenswear, loungewear) where…

Why the margin moved: operating margin changed +1.5 percentage points on the year while gross margin changed +3.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 174% of RSWM Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹435 Cr of operating cash against ₹52.0 Cr of profit. After ₹171 Cr of spending on assets, ₹264 Cr was left over as free cash.

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.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 174% of profit came in as cash: the cash cycle got 58 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 1.6× depreciation over three years. The next section checks what that spending is building.

RSWM Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 89 days in FY26, down from 147 days in FY21. It spent ₹764 Cr on assets over the last 3 years. Customers take 51 days to pay, and stock sits for 81 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 ₹4,554 Cr, each day of that cycle ties up about ₹12.5 Cr, so roughly ₹1,110 Cr is tied up in the business at any time.

FY26: customers took 51 days to pay and stock sat for 81 days, about 2.7 months of sales sitting as stock, for a full cycle of 89 days, shorter than FY21's 147.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 81 days. Customers pay about 51 days after that. Suppliers are paid at 42 days. Together that makes the 89-day cycle.

Spending on assets: ₹764 Cr over the last 3 years, against ₹468 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 ₹68.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

RSWM Ltd's P/E is 12.7×, in the middle of its own history: higher than 57% of past readings. Its usual P/E (the middle reading) is 11.8×, over 10 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.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹13.44.