# RSWM share price today (RSWM Ltd, NSE: RSWM)

> RSWM share price today: ₹198.06 at the NSE close on 4 November 2026, up 30.0% in a year. RSWM (NSE: RSWM) is worth ₹933 crore, trades at a P/E of 12.9 and has closed between ₹122.36 and ₹220.63 over the past 52 weeks. > RSWM Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. RSWM · Textiles - Spinning · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/rswm-ltd

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## Key numbers

- Price: ₹198.06 (+30.0% in a year)
- P/E: 12.9× (higher than 58% of the last 10 years)
- Revenue (Jun 2026): ₹1,161 Cr (−0.8% on a year ago)
- Profit (Jun 2026): ₹20.0 Cr (+150.0% on a year ago)
- Operating margin: 8.0% (+2.0 points on a year ago)
- ROCE: 6%, FY26
- ROIC: 5.5%, against a 12.0% cost of capital: −6.5 points
- Profit that came in as cash: 174%, last 3 years

Biggest thing to watch: the price has already been rising for 23 weeks, so timing is the risk more than the business. ## What is the RSWM share price today? RSWM Ltd's share price was ₹198.06 at the close on 4 November 2026. It has been rising for 23 weeks. That is 6.4% 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 77% of the way up from that low. 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 +7% 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. ## What changed at RSWM this quarter? 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. ## What are RSWM's latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,161 crore | ₹1,170 crore | −0.8% |
| Profit | ₹20.0 crore | ₹8.00 crore | +150.0% |
| Earnings per share | ₹4.17 | ₹1.78 | +134.3% |
| Operating margin | 8.0% | 6.0% | +2.0 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). 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.)

## What is the RSWM share price history? RSWM closed at ₹198.06 on 4 November 2026, up 30.0% from ₹152.34 a year earlier (7 November 2025) and down 35.5% over five years. Its highest weekly close since March 2016 was ₹346.56 on 6 May 2022. ### RSWM share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹178.87 | +10.7% |
| 1 month ago · 1 Oct 2026 | ₹202.21 | −2.1% |
| 6 months ago · 8 May 2026 | ₹166.83 | +18.7% |
| 1 year ago · 7 Nov 2025 | ₹152.34 | +30.0% |
| 3 years ago · 3 Nov 2023 | ₹178.85 | +10.7% |
| 5 years ago · 4 Nov 2021 | ₹306.98 | −35.5% |
| 10 years ago · 4 Nov 2016 | ₹299.74 | −33.9% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹185.31 | +6.9% |
| Highest weekly close since March 2016 · 6 May 2022 | ₹346.56 | −42.8% |
| Lowest weekly close since March 2016 · 22 May 2020 | ₹39.13 | +406.2% |
| 52-week high (weekly close) · 4 Sep 2026 | ₹220.63 | −10.2% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹122.36 | +61.9% |

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. (564 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on RSWM? 4 Nov 2026: RSWM closed at ₹198.06, up 10.7% on the week and down 2.1% 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. ## What dividend does RSWM pay? RSWM paid no dividend in the 12 months to 5 November 2026. The last was a dividend of ₹5 a share, ex-date 8 September 2023. ### RSWM dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 8 Sep 2023 | ₹5 | Dividend |
| 29 Aug 2022 | ₹25 | Dividend |

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. 2 of 5 Of the last 5 financial years, years with an NSE dividend record

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 5 November 2026.)

## What did RSWM management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/260/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 5 August 2026.)

## What is the future of RSWM? What is changing in the business? 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.)

## What could change the RSWM story? What are the risks? 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.)

## What to watch in RSWM's next results? 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. - What to check (from the call)
- Subsequent-quarter operating profit performance to match or exceed Q1, testing the qualitative commitment despite external volatility. - Export and fabric profitability to recover next quarter, with recent inquiries converting into orders and downstream cost pressure easing. - V2V construction, trials, certifications, and commercial start to track stated project milestones; customer tie-up remains absent. - Knit expansion to complete and move through trials, with printing and product mix contributing to realization. ## Which stock lists is RSWM on? RSWM is not on any of our India lists this week. ## Is RSWM profitable? 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. The same quarter a year earlier earned ₹8.0 Cr. 5 of the last 12 reported quarters were loss-making. ## How much revenue does RSWM make, and is it growing? 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. 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). ## How much of every ₹100 of sales does RSWM keep? 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. 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. ## Is RSWM's profit turning into cash? 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. 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. ## Where does RSWM's cash go? 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. 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. ## What is RSWM's P/E ratio, and how does it compare with its own history? RSWM Ltd's P/E is 12.9×, in the middle of its own history: higher than 58% 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. 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. Where the price move came from: over 5 years the price moved −8.4% a year; about −10.2% a year came from earnings growth and about +1.8 percentage points from the multiple (the market paying more); over 10 years the price moved −4.1% a year; about −4.5% a year came from earnings growth and about +0.4 percentage points from the multiple (roughly no change). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the RSWM share price assume? Worked out from its price on 20 July 2026, RSWM Ltd's share price assumed profit growth of about 13.8% a year. Over the past 10 years its profit actually grew −7.4% a year. Today its P/E is 12.9×, higher than 58% of its own last 10 years. This is a one-day reading, taken on 20 July 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 RSWM business getting better or worse? RSWM Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## What is the RSWM story, and has it been checked? RSWM Ltd's story is not scored yet against the checks our research set on 31 May 2026. Where it sits in its own cycle: Not stated in the research file. Still open: 6 documented contradictions across 4 calls: capex cost doubled, debt commitment reversed, savings estimate cut 60-70%, tariff impact initially downplayed then blamed as primary headwind. Our read, 31 May 2026. What is proven. What is not proven yet. 6 documented contradictions across 4 calls: capex cost doubled, debt commitment reversed, savings estimate cut 60-70%, tariff impact initially downplayed then blamed as primary headwind. The test written in advance. Management Credibility, Serial Guidance Contradictions. Measured by: Management Credibility, Serial Guidance Contradictions by the next result. The test written in advance. Capex Execution Risk, Rs 1,110 Cr In-Flight. Measured by: Capex Execution Risk, Rs 1,110 Cr In-Flight by the next result. The test written in advance. US Tariff and Global Demand Uncertainty. Measured by: US Tariff and Global Demand Uncertainty If Q1 FY27 export revenue for knit and melange recovers above Q3 FY26 levels, the tariff-driven headwind is resolving. by the next result. Lever 1 · Operating leverage: building. Chhata closure removed Rs 250 Cr low-margin revenue; 40,000 spindles shifted to PV dyed; knit printing capacity (120 tonnes/month) adds 5-7% margin premium on that segment. What proves it keeps working: Product Mix Shift, Value-Added and Printed Segments. It stops working if If Q3 FY27 knit project completes within Rs 202 Cr and on schedule, and Ratlam commissioning commences by Q1 FY27 as guided, management execution risk degrades to MEDIUM. Lever 10 · New geographies: building. 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. What proves it keeps working: FTA Market Access, US Interim Framework + EU + UK. It stops working if If Q3 FY27 knit project completes within Rs 202 Cr and on schedule, and Ratlam commissioning commences by Q1 FY27 as guided, management execution risk degrades to MEDIUM. Lever 3 · Management change: building. Working capital optimisation freed Rs 12.5 Cr annual interest; borrowings reduced Rs 111 Cr to Rs 1,510 Cr; repo rate cuts contributed Rs 3-4 Cr/quarter reduction. What proves it keeps working: Interest Cost Reduction via Working Capital and Deleveraging. It stops working if If Q3 FY27 knit project completes within Rs 202 Cr and on schedule, and Ratlam commissioning commences by Q1 FY27 as guided, management execution risk degrades to MEDIUM. Sources: our stock research file (31 May 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. ## Did RSWM management deliver what it promised? What RSWM 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. Recycling Project Commercial Timeline Delayed · 5 August 2026. In November 2025 and May 2026, management said the recycling project would be operational in the first quarter of the next financial year, implying Q1 FY27 from those FY26 calls. In August 2026, management moved trials to Q4 of the current year and commercial production to Q1 of the next financial year, effectively Q1 FY28, without explaining the approximately one-year delay. Renewable Energy Mix Below Prior 70% Claim · 5 August 2026. May 2026 described renewable sources as approximately 70% of the energy mix, consistent with the 70% total-consumption statement in November 2025. In August 2026, management reported only around 60% of current power consumption from renewable sources and did not reconcile the lower figure or explain a change in the measurement basis. Knit Expansion Baseline and Mix Revised · 5 August 2026. In May 2026, management defined the knit expansion as increasing capacity from 700 tons to 900 tons per month, with 120 tons of printed capacity. In August 2026, management instead reported current capacity of 650 tons and 150 tons of printing capacity within the same 900-ton endpoint, changing the project assumptions without explanation. Knit Expansion Project Timeline - Significant Delay Without Explanation · 7 May 2026. In the Aug 2025 call, management committed to completing the Rs. 92 crore knit expansion within nine months, placing completion at approximately May 2026. The May 2026 call reveals the project is still under execution and now planned for Q3 FY27 (October to December 2026), a delay of approximately five to seven months on the original nine-month schedule. No explanation was provided for this slippage, which pushes meaningful revenue contribution from the expansion to late FY27 at the earliest, contradicting the earlier commitment. Every quote above is taken word for word from the company’s own earnings calls. ## How much does RSWM earn on its capital? RSWM Ltd earned a ROCE of 6% in FY26. That is up from a low of 0% in FY24. 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. It comes from a 1.1% net margin and 1.26× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 1.1% net margin × 1.26× asset turnover × 2.66× leverage (assets divided by equity) ≈ 3.7% on equity. The margin does its share; borrowing is a big part of it. 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 4.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does RSWM have too much debt? RSWM Ltd has total debt of ₹1,688 Cr against shareholder equity of ₹1,361 Cr as of Mar 2026, so its debt is 1.24× its equity. Year by year, that ratio went from 1.07 in FY22 to 1.24 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the RSWM shareholding pattern? No group of RSWM Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved +0.3 points over the same period, to 0.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why this happened. Finance costs fell 9.2% YoY in FY26, driven by inventory reduction to Rs 620 Cr (from Rs 730 Cr) and receivables tightening to Rs 631 Cr (from Rs 696 Cr), freeing Rs 12.5 Cr annualised interest. Invoice discounting and vendor financing platforms provided additional interest arbitrage. The repo rate reduction from 6.5% to 5.2% added Rs 3-4 Cr quarterly benefit. Total borrowings declined Rs 111 Cr to Rs 1,510 Cr. This driver is structural but limited, the Rs 700 Cr term loan for capex will constrain net deleveraging until the capex projects generate cash. Over the last two years: Foreign institutions: −0.8 points over 8 quarters, to 0.7%; Domestic institutions: +0.3 points over 8 quarters, to 0.5%; Promoters: +0.0 points over 8 quarters, to 55.7%. ## How far is RSWM from balance-sheet trouble? For RSWM 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. ## How does RSWM rank in its industry? 38.7 out of 100, rank 10 of 13 in Textiles - Spinning, with 79% of the evidence available. RSWM Ltd scores 38.7 out of 100 against the 13 companies it is compared with in Textiles - Spinning, ranking 10. 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: 19.6 + 4.1 + 10.4 + 4.6 = 38.7. 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 RSWM compared with? RSWM ranks 10 of 13 Textiles - Spinning companies on the 4-Factor Sector Score, with 38.7 out of 100. 1. [Sportking India Ltd](https://www.sectoralpha.in/stocks/sportking-india-ltd) SPORTKING · losing its lead · Most evidence points up · 100% evidence 71.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.2/35 · Revenue 12.9% · Profit 100% · Operating margin change 10 points · 100% evidence Capital efficiency 17.9/25 · ROCE 13.2% · Operating margin 20% · 100% evidence Valuation 11.4/20 · P/E 10.4× · PEG 0.43 · 100% evidence Relative strength 11.7/20 · Lead over its industry 7.7% · Lead over NIFTY 500 30.2% · 1 year 89.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 30.2 + 17.9 + 11.4 + 11.7 = 71.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Nitin Spinners Ltd](https://www.sectoralpha.in/stocks/nitin-spinners-ltd) NITINSPIN · leader · Most evidence points up · 100% evidence 65.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Revenue 8.9% · Profit 58.7% · Operating margin change 5 points · 100% evidence Capital efficiency 13.4/25 · ROCE 12.2% · Operating margin 18% · 100% evidence Valuation 10.6/20 · P/E 13.8× · PEG 0.74 · 100% evidence Relative strength 18.5/20 · Lead over its industry 20.6% · Lead over NIFTY 500 47.2% · 1 year 96% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23 + 13.4 + 10.6 + 18.5 = 65.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Sangam (India) Ltd](https://www.sectoralpha.in/stocks/sangam-indialtd) SANGAMIND · turning · Evidence leans up · 89% evidence 61.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 11.9% · Profit 100% · Operating margin change 5 points · 88% evidence Capital efficiency 11.5/25 · ROCE 10.4% · Operating margin 12% · 100% evidence Valuation 12.8/20 · P/E 24.2× · PEG 0.52 · 65% evidence Relative strength 10.3/20 · Lead over its industry -0.4% · Lead over NIFTY 500 23.9% · 1 year 35.1% · 100% evidence · 10 of 12 weeks ahead Exact sum: 27.1 + 11.5 + 12.8 + 10.3 = 61.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Swaraj Suiting Ltd](https://www.sectoralpha.in/stocks/swaraj-suiting-ltd) SWARAJ · turning · Evidence leans up · 78% evidence 58.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.4/35 · Revenue 38.1% · Profit 45.2% · Operating margin change -13 points · 83% evidence Capital efficiency 18.4/25 · ROCE 17.5% · Operating margin 19% · 76% evidence Valuation 11.7/20 · P/E 15.4× · PEG n/a · 50% evidence Relative strength 11.1/20 · Lead over its industry 2% · Lead over NIFTY 500 26.9% · 1 year 82% · 100% evidence · 10 of 12 weeks ahead Exact sum: 17.4 + 18.4 + 11.7 + 11.1 = 58.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Indo Rama Synthetics (India) Ltd](https://www.sectoralpha.in/stocks/indo-rama-synthetics-indialtd) INDORAMA · leader · Evidence leans up · 85% evidence 57.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.9/35 · Revenue -4.7% · Profit 47.5% · Operating margin change 2 points · 100% evidence Capital efficiency 15.7/25 · ROCE 17.9% · Operating margin 8% · 100% evidence Valuation 15.2/20 · P/E 8.9× · PEG 0.12 · 100% evidence Relative strength 11.9/20 · Lead over its industry n/a · Lead over NIFTY 500 46.7% · 1 year 6.3% · 25% evidence · 12 of 12 weeks ahead Exact sum: 14.9 + 15.7 + 15.2 + 11.9 = 57.7 · 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. 6. [Rajapalayam Mills Ltd](https://www.sectoralpha.in/stocks/rajapalayam-mills-ltd) RAJPALAYAM · quiet · Evidence leans up · 74% evidence 55.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.5/35 · Revenue 16.7% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 8.7/25 · ROCE 1.8% · Operating margin 14% · 100% evidence Valuation 16.0/20 · P/E 5.2× · PEG 0.2 · 65% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -8% · 1 year -18.8% · 25% evidence · 0 of 12 weeks ahead Exact sum: 23.5 + 8.7 + 16 + 7.5 = 55.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [K P R Mill Ltd](https://www.sectoralpha.in/stocks/k-p-r-mill-ltd) KPRMILL · turning · Evidence leans up · 100% evidence 54.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Revenue 6.5% · Profit 24.1% · Operating margin change 7 points · 100% evidence Capital efficiency 21.6/25 · ROCE 19.6% · Operating margin 26% · 100% evidence Valuation 2.2/20 · P/E 36.7× · PEG 3.89 · 100% evidence Relative strength 10.4/20 · Lead over its industry -7.1% · Lead over NIFTY 500 16.3% · 1 year 4.3% · 100% evidence · 7 of 12 weeks ahead Exact sum: 20.6 + 21.6 + 2.2 + 10.4 = 54.8 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. [Ambika Cotton Mills Ltd](https://www.sectoralpha.in/stocks/ambika-cotton-mills-ltd) AMBIKCO · quiet · Evidence leans up · 96% evidence 53.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 23.8% · Profit 36.7% · Operating margin change 1 points · 88% evidence Capital efficiency 14.4/25 · ROCE 11.6% · Operating margin 15% · 100% evidence Valuation 12.9/20 · P/E 10.1× · PEG 1.56 · 100% evidence Relative strength 4.6/20 · Lead over its industry -17.8% · Lead over NIFTY 500 2.5% · 1 year 6.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.6 + 14.4 + 12.9 + 4.6 = 53.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Pashupati Cotspin Ltd](https://www.sectoralpha.in/stocks/pashupati-cotspin-ltd) PASHUPATI · turning · Evidence leans down · 96% evidence 49.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.6/35 · Revenue -7.5% · Profit 2.4% · Operating margin change 5.6 points · 88% evidence Capital efficiency 10.6/25 · ROCE 10% · Operating margin 9.5% · 100% evidence Valuation 9.6/20 · P/E 136× · PEG 1.51 · 100% evidence Relative strength 20.0/20 · Lead over its industry 26.7% · Lead over NIFTY 500 59.9% · 1 year 66.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 9.6 + 10.6 + 9.6 + 20 = 49.8 · What this means: Relative strength against the index is 59.9%, and revenue and profit growth are weak. 10. RSWM Ltd this page RSWM · losing its lead · Evidence leans down · 79% evidence 38.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.6/35 · Revenue -5.1% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 4.1/25 · ROCE 5.6% · Operating margin 8% · 100% evidence Valuation 10.4/20 · P/E 11.7× · PEG n/a · 15% evidence Relative strength 4.6/20 · Lead over its industry -12.6% · Lead over NIFTY 500 8.3% · 1 year 16.5% · 100% evidence · 8 of 12 weeks ahead Exact sum: 19.6 + 4.1 + 10.4 + 4.6 = 38.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Sanathan Textiles Ltd](https://www.sectoralpha.in/stocks/sanathan-textiles-ltd) SANATHAN · leader · Evidence leans down · 64% evidence 37.2 out of 100 Growth Capital Valuation Relative
12. [Vardhman Textiles Ltd](https://www.sectoralpha.in/stocks/vardhman-textiles-ltd) VTL · quiet · Most evidence points down · 96% evidence 30.3 out of 100 Growth Capital Valuation Relative
13. [Jaybharat Textiles & Real Estate Ltd](https://www.sectoralpha.in/stocks/jaybharat-textiles-real-estate-ltd) Too little evidence to rank firmly · 19% evidence 41.6 out of 100 Growth Capital Valuation Relative

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 Sep 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 - Spinning](https://www.sectoralpha.in/sectors/textiles-spinning), all 13 compared on one page. ## Which companies are close to RSWM in size? RSWM is the 10th largest of 13 Textiles - Spinning companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Pashupati Cotspin, Indo Rama Synthetics (India) and Swaraj Suiting. Just below it: Ambika Cotton Mills, Jaybharat Textiles & Real Estate and Rajapalayam Mills. ### Textiles - Spinning companies close in size

1. [Pashupati Cotspin Ltd](https://www.sectoralpha.in/stocks/pashupati-cotspin-ltd) ₹2,125 crore
2. [Indo Rama Synthetics (India) Ltd](https://www.sectoralpha.in/stocks/indo-rama-synthetics-indialtd) ₹1,909 crore
3. [Swaraj Suiting Ltd](https://www.sectoralpha.in/stocks/swaraj-suiting-ltd) ₹940 crore
4. RSWM Ltd ₹843 crore
5. [Ambika Cotton Mills Ltd](https://www.sectoralpha.in/stocks/ambika-cotton-mills-ltd) ₹823 crore
6. [Jaybharat Textiles & Real Estate Ltd](https://www.sectoralpha.in/stocks/jaybharat-textiles-real-estate-ltd) ₹819 crore
7. [Rajapalayam Mills Ltd](https://www.sectoralpha.in/stocks/rajapalayam-mills-ltd) ₹635 crore

[All 13 Textiles - Spinning companies, largest first](https://www.sectoralpha.in/sectors/textiles-spinning#all-companies)

### Companies close in size in other industries

1. [Health X Platform Ltd](https://www.sectoralpha.in/stocks/health-x-platform-ltd) ₹849 crore · Pharmacy Distribution
2. [SJ Corporation Ltd](https://www.sectoralpha.in/stocks/sj-corporation-ltd) ₹845 crore · Diamond, Gems & Jewellery
3. RSWM Ltd ₹843 crore
4. [OCCL Ltd](https://www.sectoralpha.in/stocks/occl-ltd) ₹841 crore · Chemicals - Organic
5. [Uni Abex Alloy Products Ltd](https://www.sectoralpha.in/stocks/uni-abex-alloy-products-ltd) ₹841 crore · Castings, Forgings & Fastners

## What else do people ask about RSWM? ### What is RSWM's share price today? RSWM Ltd's share price is ₹198.06, +30.0% over the past year. The whole company is worth ₹933 Cr on the market. In the last 52 weeks it traded between ₹122 to ₹221; today it is 77% of the way up from the low, 6.4% above its 200-day average (as of 4 November 2026). ### What were RSWM's latest quarterly results? RSWM Ltd reported revenue of ₹1,161 Cr and net profit of ₹20.0 Cr for the Jun 2026 quarter. Revenue fell 0.8% and profit rose 150.0% compared with a year earlier. Earnings per share were ₹4.17. The operating margin was 8.0%, 2.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is RSWM's market cap? RSWM Ltd's market capitalisation is ₹933 Cr at a share price of ₹198.06. 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 RSWM performing? RSWM Ltd's share price has been rising for 23 weeks. In its latest quarter, revenue fell 0.8% and profit rose 150.0% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 4 November 2026). ### Will RSWM's share price go up? This page does not forecast RSWM Ltd's share price. What it shows instead: the share price is ₹198.06, and it has been rising for 23 weeks. Its P/E of 12.9× is higher than 58% of its own last 10 years (as of 4 November 2026). ### Where is RSWM in its business cycle? RSWM Ltd's FY26 operating margin was 6.0%, against a 13-year range of 2.3% to 14.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 8.0%. 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 RSWM story? Biggest thing to watch: the price has already been rising for 23 weeks, so timing is the risk more than the business. 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 RSWM a stock worth studying right now? What the numbers show: RSWM Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. 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 RSWM share price forecast for 2026? What management itself guided: Graphene-based fiber expected to get rolling within FY27. 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. What would change the story: 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. This is research, not advice. We’re not SEBI-registered.