Cedaar Textile Limited

Cedaar Textile Limited (CEDAAR) is a micro-cap Textiles company valued at ₹26 crore operating in Other Textile Products on the NSE and BSE.

Recent price move

Cedaar Textile Limited last traded at ₹18.5, up 4.82% on the day.

Recent developments

2026-09-07: The DocStoX score increased slightly to 1.6, but the verdict remained 'avoid' as the company's financial health worsened. 2026-07-16: The score was 1.4, reflecting continued concerns about the company's balance sheet and earnings performance.

Financial performance

The company's business is deteriorating, with annual revenue falling 21.3% and annual net profit swinging from a profit of ₹12 crore to a loss of ₹71 crore. The latest quarter shows revenue fell 36.9% and net profit swung from a profit of ₹7 crore to a loss of ₹75 crore, indicating weak demand and declining profitability.

Valuation multiples

A price-to-earnings ratio is not meaningful here because the company is loss-making; the stock trades at 0.36 times book value.

Things to watch

The company is highly leveraged with a debt-to-equity ratio of 2.18, and has a low interest coverage ratio, increasing financial risk. Debtor days have risen to 104 days, signaling potential liquidity issues and weak collections.

Where it stands

The DocStoX verdict of 'avoid' follows from the company's severe financial distress, including a loss of ₹71 crore annually and a balance-sheet safety score of 0.0. The most critical factor is the company's inability to cover its interest expenses, which threatens its survival.

Summarised by DocStoX's model on 2026-09-08 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.