Kandagiri Spinning Mills Ltd

Kandagiri Spinning Mills Ltd (KANDAGIRI) is a micro-cap Textiles company valued at ₹16 crore operating in Other Textile Products on the NSE and BSE.

Recent price move

Kandagiri Spinning Mills Ltd last traded at ₹41.65, unchanged on the day.

Financial performance

The company's business is deteriorating, with annual revenue falling 7.1% and annual net profit turning into a loss that widened from ₹1 crore to ₹3 crore. The latest quarter shows revenue collapsed 74.2% to ₹0 crore, but the net loss narrowed slightly from ₹1 crore to ₹1 crore compared to the same quarter a year earlier.

Valuation multiples

A price-to-earnings ratio is not meaningful here because the company is loss-making; the stock trades at -1.45 times book value.

Things to watch

The company's net profit margin has plunged to -178.6%, indicating severe losses. The return on capital employed is negative at -11.6%, and the company has a low interest coverage ratio, which raises concerns about its ability to service debt. The recent narrowing of the net loss may not be sustainable.

Where it stands

The DocStoX verdict of avoid follows from the company's deteriorating earnings and negative return on capital employed, which signal poor business quality. The most critical factor is the widening net loss, which suggests the company is not generating sufficient profits to sustain operations.

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.