RSWM Ltd.

•

₹ 204.833.73%

2026-08-21

rswm.inBSE: 500350NSE: RSWM

Market Cap₹ 942 Cr.

Current Price₹ 197

High / Low₹ 238 / 120

Stock P/E14.9

Book Value₹ 293

Price to Book0.42

Dividend Yield0.00 %

ROCE5.7 %

ROE3.9 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Yarn: 76.4% • Fabric & Apparel: 23.6%

PROS

Company has delivered good profit growth of 20.1% CAGR over last 5 years
Latest quarter profit grew 134.8% YoY, showing strong momentum
Company generates healthy free cash flow

CONS

A large part of profit comes from other income (116.9% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -86.56x)
Company has a low return on equity of -0.3% over last 3 years
Company has a low return on capital employed of 3.6%
Interest coverage is weak at 1.3x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

TextilesTextileTextile

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	PAGEIND	35400.00	0.00	39484.71	1.55	192.81	-3.98	1420.45	7.89	73.60	20.35
2.	KPRMILL	1122.45	42.05	38366.91	0.45	258.54	21.55	1935.52	14.77	20.16	19.37
3.	VTL	594.75	20.30	17216.57	0.84	314.56	51.46	2703.08	13.31	11.31	18.11
4.	WELSPUNLIV	181.25	61.68	17123.64	0.06	162.61	82.09	2795.45	23.66	15.04	11.53
5.	ARVIND	518.15	34.04	14095.79	0.87	57.77	5.61	2500.96	24.65	13.98	9.64
6.	MANYAVAR	542.75	32.73	13187.64	1.43	66.90	37.31	267.95	22.74	33.92	45.53
7.	PGIL	2410.95	35.88	11136.31	0.60	99.23	51.37	1528.26	24.46	22.42	10.72
8.	SWANCORP	302.25	42.38	9474.23	0.05	-35.99	-233.33	1013.75	-16.44	4.50	-0.38
9.	ICIL	444.15	58.30	8796.58	0.34	63.22	67.28	1206.96	25.89	8.73	11.88
10.	GARFIBRES	759.85	35.32	7419.81	1.18	64.60	21.56	482.37	31.35	20.98	18.70
11.	KUSUMGAR	565.70	60.48	5939.36	0.00	426.47	—	2472.47	—	26.15	30.50
12.	RSWM	200.00	14.88	942.03	0.00	19.65	134.77	1161.24	-0.78	5.68	7.76

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	902	1,007	977	1,171	1,208	1,166	1,196	1,256	1,170	1,151	1,091	1,142	1,161
	885	986	962	1,130	1,159	1,128	1,145	1,185	1,098	1,079	1,023	1,072	1,143
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	10	9	6	11	7	9	7	9	12	9	14	17	9
Interest	21	19	25	32	35	36	34	36	35	32	30	31	33
Depreciation	35	34	42	42	42	41	39	38	39	39	37	38	39
	-30	-22	-46	57	-22	-29	-15	6	11	11	4	17	27
Tax %	33.71%	34.34%	23.16%	37.34%	33.66%	37.56%	33.60%	81.26%	24.36%	35.00%	48.54%	-97.54%	28.05%
Net Profit	0	0	0	0	-15	-18	-9	1	8	7	2	34	20
	-3	-2	-7	8	-3	-4	-2	0	2	2	0	7	0
Equity Capital	47	47	47	47	47	47	47	47	47	47	47	47	47
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	47	47	47	47	47	47	47	47	47	47	47	47	47
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 902
: 885
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 21
Depreciation: 35
: -30
Tax %: 33.71%
Net Profit: 0
: -3
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 1,007
: 986
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 19
Depreciation: 34
: -22
Tax %: 34.34%
Net Profit: 0
: -2
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 977
: 962
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 25
Depreciation: 42
: -46
Tax %: 23.16%
Net Profit: 0
: -7
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 1,171
: 1,130
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 32
Depreciation: 42
: 57
Tax %: 37.34%
Net Profit: 0
: 8
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 1,208
: 1,159
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 35
Depreciation: 42
: -22
Tax %: 33.66%
Net Profit: -15
: -3
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 1,166
: 1,128
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 36
Depreciation: 41
: -29
Tax %: 37.56%
Net Profit: -18
: -4
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 1,196
: 1,145
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 34
Depreciation: 39
: -15
Tax %: 33.60%
Net Profit: -9
: -2
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 1,256
: 1,185
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 36
Depreciation: 38
: 6
Tax %: 81.26%
Net Profit: 1
: 0
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 1,170
: 1,098
Operating Profit: —
OPM %: —
Other Income: 12
Interest: 35
Depreciation: 39
: 11
Tax %: 24.36%
Net Profit: 8
: 2
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 1,151
: 1,079
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 32
Depreciation: 39
: 11
Tax %: 35.00%
Net Profit: 7
: 2
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 1,091
: 1,023
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 30
Depreciation: 37
: 4
Tax %: 48.54%
Net Profit: 2
: 0
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 1,142
: 1,072
Operating Profit: —
OPM %: —
Other Income: 17
Interest: 31
Depreciation: 38
: 17
Tax %: -97.54%
Net Profit: 34
: 7
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 1,161
: 1,143
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 33
Depreciation: 39
: 27
Tax %: 28.05%
Net Profit: 20
: 0
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 47
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,987	2,940	2,962	2,771	2,326	3,817	3,789	4,058	4,826	4,554	4,545
	2,661	2,713	2,782	2,587	2,150	3,385	3,541	3,963	4,617	4,271	4,316
Operating Profit	358	263	212	211	215	464	340	131	241	334	—
OPM %	12	9	7	8	9	12	9	3	5	7	—
Other Income	32	36	32	26	39	32	91	36	32	51	49
Interest	110	117	120	109	83	68	74	97	140	127	125
Depreciation	132	124	124	132	128	113	127	153	161	154	154
	118	28	-47	-13	3	290	152	-28	-58	44	59
Tax %	12	25	19	-7	-499	15	19	26	31	-19	-5
Net Profit	104	21	-38	-13	21	246	123	-21	-40	52	62
EPS	44	9	-16	-6	9	67	32	-4	-8	11	—
Dividend Payout %	28	22	0	0	0	24	19	0	0	0	—
Minority Interest	0	0	-1	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	1
Adjusted EPS	28	6	-10	-4	6	67	26	-4	-8	11	—
Minority Interest	0	0	-1	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	1
Adjusted EPS	28	6	-10	-4	6	67	26	-4	-8	11	—

Mar 2017

: 2,987
: 2,661
Operating Profit: 358
OPM %: 12
Other Income: 32
Interest: 110
Depreciation: 132
: 118
Tax %: 12
Net Profit: 104
EPS: 44
Dividend Payout %: 28
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 28
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 28

Mar 2018

: 2,940
: 2,713
Operating Profit: 263
OPM %: 9
Other Income: 36
Interest: 117
Depreciation: 124
: 28
Tax %: 25
Net Profit: 21
EPS: 9
Dividend Payout %: 22
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2019

: 2,962
: 2,782
Operating Profit: 212
OPM %: 7
Other Income: 32
Interest: 120
Depreciation: 124
: -47
Tax %: 19
Net Profit: -38
EPS: -16
Dividend Payout %: 0
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: -10
Minority Interest: -1
Share of Associates: 0
Adjusted EPS: -10

Mar 2020

: 2,771
: 2,587
Operating Profit: 211
OPM %: 8
Other Income: 26
Interest: 109
Depreciation: 132
: -13
Tax %: -7
Net Profit: -13
EPS: -6
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -4

Mar 2021

: 2,326
: 2,150
Operating Profit: 215
OPM %: 9
Other Income: 39
Interest: 83
Depreciation: 128
: 3
Tax %: -499
Net Profit: 21
EPS: 9
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2022

: 3,817
: 3,385
Operating Profit: 464
OPM %: 12
Other Income: 32
Interest: 68
Depreciation: 113
: 290
Tax %: 15
Net Profit: 246
EPS: 67
Dividend Payout %: 24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 67
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 67

Mar 2023

: 3,789
: 3,541
Operating Profit: 340
OPM %: 9
Other Income: 91
Interest: 74
Depreciation: 127
: 152
Tax %: 19
Net Profit: 123
EPS: 32
Dividend Payout %: 19
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 26
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 26

Mar 2024

: 4,058
: 3,963
Operating Profit: 131
OPM %: 3
Other Income: 36
Interest: 97
Depreciation: 153
: -28
Tax %: 26
Net Profit: -21
EPS: -4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -4

Mar 2025

: 4,826
: 4,617
Operating Profit: 241
OPM %: 5
Other Income: 32
Interest: 140
Depreciation: 161
: -58
Tax %: 31
Net Profit: -40
EPS: -8
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -8
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -8

Mar 2026

: 4,554
: 4,271
Operating Profit: 334
OPM %: 7
Other Income: 51
Interest: 127
Depreciation: 154
: 44
Tax %: -19
Net Profit: 52
EPS: 11
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 11
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 11

TTM

: 4,545
: 4,316
Operating Profit: —
OPM %: —
Other Income: 49
Interest: 125
Depreciation: 154
: 59
Tax %: -5
Net Profit: 62
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 1
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 1
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 4%
5 Years:: 14%
3 Years:: 6%

COMPOUNDED PROFIT GROWTH

10 Years:: -7%
5 Years:: 20%
3 Years:: -25%

STOCK PRICE CAGR

10 Years:: -4%
5 Years:: -1%
3 Years:: 1%
1 Year:: 24%

RETURN ON EQUITY

10 Years:: 5%
5 Years:: 7%
3 Years:: 0%
Last Year:: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	24	24	24	24	24	24	47	47	47	47
	685	959	827	714	768	1,012	1,270	1,250	1,250	1,314
	967	949	875	676	580	618	651	965	939	817
Trade Payables	80	76	102	109	137	165	135	200	345	326
	813	816	814	713	559	810	1,166	1,309	1,056	1,121
Total Liabilities	2,569	2,824	2,641	2,236	2,069	2,628	3,269	3,771	3,638	3,625
ASSETS	-	-	-	-	-	-	-	-	-	-
	1,166	1,089	1,142	1,012	913	932	1,085	1,545	1,518	1,498
Capital Work in Progress	15	39	3	7	7	143	183	32	31	68
	185	465	325	91	122	126	124	246	283	351
	541	528	432	507	450	509	677	810	730	620
	0	0	0	0	0	0	0	645	696	631
Cash & Bank	8	13	14	7	7	9	5	8	11	11
	654	689	724	611	568	909	1,195	486	369	448
Total Assets	2,569	2,824	2,641	2,236	2,069	2,628	3,269	3,771	3,638	3,625
Total Debt	1,464	1,520	1,441	1,160	922	1,103	1,151	1,884	1,712	1,664
Net Working Capital	-87	6	-4	118	95	245	424	220	49	61
Contingent Liabilities	0	0	0	0	0	148	184	207	197	140
Book Value per Share	300.77	417.14	361.21	313.09	336.22	439.66	279.61	275.44	275.40	288.96
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	1,464	1,520	1,441	1,160	922	1,103	1,151	1,884	1,712	1,664
Net Working Capital	-87	6	-4	118	95	245	424	220	49	61
Contingent Liabilities	0	0	0	0	0	148	184	207	197	140
Book Value per Share	300.77	417.14	361.21	313.09	336.22	439.66	279.61	275.44	275.40	288.96
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2017

Equity Capital: 24
: 685
: 967
Trade Payables: 80
: 813
Total Liabilities: 2,569
: 1,166
Capital Work in Progress: 15
: 185
: 541
: 0
Cash & Bank: 8
: 654
Total Assets: 2,569
Total Debt: 1,464
Net Working Capital: -87
Contingent Liabilities: 0
Book Value per Share: 300.77
Face Value: 10.00
Total Debt: 1,464
Net Working Capital: -87
Contingent Liabilities: 0
Book Value per Share: 300.77
Face Value: 10.00

Mar 2018

Equity Capital: 24
: 959
: 949
Trade Payables: 76
: 816
Total Liabilities: 2,824
: 1,089
Capital Work in Progress: 39
: 465
: 528
: 0
Cash & Bank: 13
: 689
Total Assets: 2,824
Total Debt: 1,520
Net Working Capital: 6
Contingent Liabilities: 0
Book Value per Share: 417.14
Face Value: 10.00
Total Debt: 1,520
Net Working Capital: 6
Contingent Liabilities: 0
Book Value per Share: 417.14
Face Value: 10.00

Mar 2019

Equity Capital: 24
: 827
: 875
Trade Payables: 102
: 814
Total Liabilities: 2,641
: 1,142
Capital Work in Progress: 3
: 325
: 432
: 0
Cash & Bank: 14
: 724
Total Assets: 2,641
Total Debt: 1,441
Net Working Capital: -4
Contingent Liabilities: 0
Book Value per Share: 361.21
Face Value: 10.00
Total Debt: 1,441
Net Working Capital: -4
Contingent Liabilities: 0
Book Value per Share: 361.21
Face Value: 10.00

Mar 2020

Equity Capital: 24
: 714
: 676
Trade Payables: 109
: 713
Total Liabilities: 2,236
: 1,012
Capital Work in Progress: 7
: 91
: 507
: 0
Cash & Bank: 7
: 611
Total Assets: 2,236
Total Debt: 1,160
Net Working Capital: 118
Contingent Liabilities: 0
Book Value per Share: 313.09
Face Value: 10.00
Total Debt: 1,160
Net Working Capital: 118
Contingent Liabilities: 0
Book Value per Share: 313.09
Face Value: 10.00

Mar 2021

Equity Capital: 24
: 768
: 580
Trade Payables: 137
: 559
Total Liabilities: 2,069
: 913
Capital Work in Progress: 7
: 122
: 450
: 0
Cash & Bank: 7
: 568
Total Assets: 2,069
Total Debt: 922
Net Working Capital: 95
Contingent Liabilities: 0
Book Value per Share: 336.22
Face Value: 10.00
Total Debt: 922
Net Working Capital: 95
Contingent Liabilities: 0
Book Value per Share: 336.22
Face Value: 10.00

Mar 2022

Equity Capital: 24
: 1,012
: 618
Trade Payables: 165
: 810
Total Liabilities: 2,628
: 932
Capital Work in Progress: 143
: 126
: 509
: 0
Cash & Bank: 9
: 909
Total Assets: 2,628
Total Debt: 1,103
Net Working Capital: 245
Contingent Liabilities: 148
Book Value per Share: 439.66
Face Value: 10.00
Total Debt: 1,103
Net Working Capital: 245
Contingent Liabilities: 148
Book Value per Share: 439.66
Face Value: 10.00

Mar 2023

Equity Capital: 47
: 1,270
: 651
Trade Payables: 135
: 1,166
Total Liabilities: 3,269
: 1,085
Capital Work in Progress: 183
: 124
: 677
: 0
Cash & Bank: 5
: 1,195
Total Assets: 3,269
Total Debt: 1,151
Net Working Capital: 424
Contingent Liabilities: 184
Book Value per Share: 279.61
Face Value: 10.00
Total Debt: 1,151
Net Working Capital: 424
Contingent Liabilities: 184
Book Value per Share: 279.61
Face Value: 10.00

Mar 2024

Equity Capital: 47
: 1,250
: 965
Trade Payables: 200
: 1,309
Total Liabilities: 3,771
: 1,545
Capital Work in Progress: 32
: 246
: 810
: 645
Cash & Bank: 8
: 486
Total Assets: 3,771
Total Debt: 1,884
Net Working Capital: 220
Contingent Liabilities: 207
Book Value per Share: 275.44
Face Value: 10.00
Total Debt: 1,884
Net Working Capital: 220
Contingent Liabilities: 207
Book Value per Share: 275.44
Face Value: 10.00

Mar 2025

Equity Capital: 47
: 1,250
: 939
Trade Payables: 345
: 1,056
Total Liabilities: 3,638
: 1,518
Capital Work in Progress: 31
: 283
: 730
: 696
Cash & Bank: 11
: 369
Total Assets: 3,638
Total Debt: 1,712
Net Working Capital: 49
Contingent Liabilities: 197
Book Value per Share: 275.40
Face Value: 10.00
Total Debt: 1,712
Net Working Capital: 49
Contingent Liabilities: 197
Book Value per Share: 275.40
Face Value: 10.00

Mar 2026

Equity Capital: 47
: 1,314
: 817
Trade Payables: 326
: 1,121
Total Liabilities: 3,625
: 1,498
Capital Work in Progress: 68
: 351
: 620
: 631
Cash & Bank: 11
: 448
Total Assets: 3,625
Total Debt: 1,664
Net Working Capital: 61
Contingent Liabilities: 140
Book Value per Share: 288.96
Face Value: 10.00
Total Debt: 1,664
Net Working Capital: 61
Contingent Liabilities: 140
Book Value per Share: 288.96
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	222	166	263	231	320	210	89	-76	426	435
Cash from Investing	-154	-61	-59	151	7	-318	-239	-362	-113	-217
Cash from Financing	-68	-97	-205	-390	-326	111	147	439	-307	-222
	0	8	-0	-8	1	3	-3	1	6	-5
Free Cash Flow	41	111	263	231	313	36	-208	-359	306	315
OCF / Net Profit	2.13	7.89	-6.96	-17.20	15.36	0.85	0.72	3.60	-10.65	8.36
Cumulative 5-Year FCF	0	0	0	0	959	953	634	12	88	90
OCF / Net Profit	2.13	7.89	-6.96	-17.20	15.36	0.85	0.72	3.60	-10.65	8.36
Cumulative 5-Year FCF	0	0	0	0	959	953	634	12	88	90

Mar 2017

: 222
Cash from Investing: -154
Cash from Financing: -68
: 0
Free Cash Flow: 41
OCF / Net Profit: 2.13
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.13
Cumulative 5-Year FCF: 0

Mar 2018

: 166
Cash from Investing: -61
Cash from Financing: -97
: 8
Free Cash Flow: 111
OCF / Net Profit: 7.89
Cumulative 5-Year FCF: 0
OCF / Net Profit: 7.89
Cumulative 5-Year FCF: 0

Mar 2019

: 263
Cash from Investing: -59
Cash from Financing: -205
: -0
Free Cash Flow: 263
OCF / Net Profit: -6.96
Cumulative 5-Year FCF: 0
OCF / Net Profit: -6.96
Cumulative 5-Year FCF: 0

Mar 2020

: 231
Cash from Investing: 151
Cash from Financing: -390
: -8
Free Cash Flow: 231
OCF / Net Profit: -17.20
Cumulative 5-Year FCF: 0
OCF / Net Profit: -17.20
Cumulative 5-Year FCF: 0

Mar 2021

: 320
Cash from Investing: 7
Cash from Financing: -326
: 1
Free Cash Flow: 313
OCF / Net Profit: 15.36
Cumulative 5-Year FCF: 959
OCF / Net Profit: 15.36
Cumulative 5-Year FCF: 959

Mar 2022

: 210
Cash from Investing: -318
Cash from Financing: 111
: 3
Free Cash Flow: 36
OCF / Net Profit: 0.85
Cumulative 5-Year FCF: 953
OCF / Net Profit: 0.85
Cumulative 5-Year FCF: 953

Mar 2023

: 89
Cash from Investing: -239
Cash from Financing: 147
: -3
Free Cash Flow: -208
OCF / Net Profit: 0.72
Cumulative 5-Year FCF: 634
OCF / Net Profit: 0.72
Cumulative 5-Year FCF: 634

Mar 2024

: -76
Cash from Investing: -362
Cash from Financing: 439
: 1
Free Cash Flow: -359
OCF / Net Profit: 3.60
Cumulative 5-Year FCF: 12
OCF / Net Profit: 3.60
Cumulative 5-Year FCF: 12

Mar 2025

: 426
Cash from Investing: -113
Cash from Financing: -307
: 6
Free Cash Flow: 306
OCF / Net Profit: -10.65
Cumulative 5-Year FCF: 88
OCF / Net Profit: -10.65
Cumulative 5-Year FCF: 88

Mar 2026

: 435
Cash from Investing: -217
Cash from Financing: -222
: -5
Free Cash Flow: 315
OCF / Net Profit: 8.36
Cumulative 5-Year FCF: 90
OCF / Net Profit: 8.36
Cumulative 5-Year FCF: 90

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	44.20	8.91	-16.26	-5.70	8.84	104.55	26.08	-4.47	-8.50	11.04
Book Value (₹)	300.77	417.14	361.21	313.09	336.22	439.66	279.61	275.44	275.40	288.96
Dividend per Share (₹)	12.50	2.00	0.00	0.00	0.00	25.00	5.00	0.00	0.00	0.00
Cash EPS (₹)	64.27	39.57	23.36	32.17	40.40	62.62	53.11	28.05	25.61	43.63
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	11.94%	8.88%	7.21%	7.55%	9.17%	12.08%	8.90%	2.32%	4.29%	6.18%
Net Margin %	3.47%	0.71%	-1.28%	-0.48%	0.89%	6.41%	3.22%	-0.51%	-0.82%	1.14%
ROE %	15.63%	2.48%	-4.12%	-1.69%	2.72%	26.95%	10.44%	-1.61%	-3.09%	3.91%
ROCE %	10.92%	6.21%	3.03%	4.58%	4.79%	18.55%	9.79%	2.43%	2.64%	5.68%
	4.20%	0.78%	-1.38%	-0.55%	0.97%	10.48%	4.17%	-0.60%	-1.08%	1.43%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	46	50	55	52	56	43	47	49	50	53
Inventory Days	59	66	60	61	75	46	57	66	58	54
Payable Days	14	17	18	25	35	26	24	23	23	24
	91	99	96	88	96	63	81	92	86	83
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	2.07x	1.55x	1.69x	1.57x	1.16x	1.06x	0.87x	1.45x	1.32x	1.22x
Interest Coverage (x)	2.07x	1.24x	0.61x	0.88x	1.04x	5.29x	3.05x	0.71x	0.58x	1.34x
	0.93x	1.01x	1.00x	1.13x	1.11x	1.23x	1.32x	1.14x	1.03x	1.04x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	1.82%	-1.57%	0.76%	-6.45%	-16.06%	64.12%	-0.75%	7.10%	18.93%	-5.63%
Operating Profit Growth %	-15.34%	-26.49%	-19.40%	-0.69%	2.08%	115.92%	-26.85%	-61.33%	83.72%	38.65%
Net Profit Growth %	-2.66%	-79.84%	-279.91%	39.19%	255.25%	1082.08%	-50.11%	-117.14%	-90.10%	229.94%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-117.14%	-90.10%	229.94%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	10.96x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.62x	0.47x	0.42x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	20.46x	9.59x	6.65x

Mar 2017

EPS (₹): 44.20
Book Value (₹): 300.77
Dividend per Share (₹): 12.50
Cash EPS (₹): 64.27
Operating Margin %: 11.94%
Net Margin %: 3.47%
ROE %: 15.63%
ROCE %: 10.92%
: 4.20%
Debtor Days: 46
Inventory Days: 59
Payable Days: 14
: 91
Debt to Equity (x): 2.07x
Interest Coverage (x): 2.07x
: 0.93x
Revenue Growth %: 1.82%
Operating Profit Growth %: -15.34%
Net Profit Growth %: -2.66%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 8.91
Book Value (₹): 417.14
Dividend per Share (₹): 2.00
Cash EPS (₹): 39.57
Operating Margin %: 8.88%
Net Margin %: 0.71%
ROE %: 2.48%
ROCE %: 6.21%
: 0.78%
Debtor Days: 50
Inventory Days: 66
Payable Days: 17
: 99
Debt to Equity (x): 1.55x
Interest Coverage (x): 1.24x
: 1.01x
Revenue Growth %: -1.57%
Operating Profit Growth %: -26.49%
Net Profit Growth %: -79.84%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): -16.26
Book Value (₹): 361.21
Dividend per Share (₹): 0.00
Cash EPS (₹): 23.36
Operating Margin %: 7.21%
Net Margin %: -1.28%
ROE %: -4.12%
ROCE %: 3.03%
: -1.38%
Debtor Days: 55
Inventory Days: 60
Payable Days: 18
: 96
Debt to Equity (x): 1.69x
Interest Coverage (x): 0.61x
: 1.00x
Revenue Growth %: 0.76%
Operating Profit Growth %: -19.40%
Net Profit Growth %: -279.91%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): -5.70
Book Value (₹): 313.09
Dividend per Share (₹): 0.00
Cash EPS (₹): 32.17
Operating Margin %: 7.55%
Net Margin %: -0.48%
ROE %: -1.69%
ROCE %: 4.58%
: -0.55%
Debtor Days: 52
Inventory Days: 61
Payable Days: 25
: 88
Debt to Equity (x): 1.57x
Interest Coverage (x): 0.88x
: 1.13x
Revenue Growth %: -6.45%
Operating Profit Growth %: -0.69%
Net Profit Growth %: 39.19%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 8.84
Book Value (₹): 336.22
Dividend per Share (₹): 0.00
Cash EPS (₹): 40.40
Operating Margin %: 9.17%
Net Margin %: 0.89%
ROE %: 2.72%
ROCE %: 4.79%
: 0.97%
Debtor Days: 56
Inventory Days: 75
Payable Days: 35
: 96
Debt to Equity (x): 1.16x
Interest Coverage (x): 1.04x
: 1.11x
Revenue Growth %: -16.06%
Operating Profit Growth %: 2.08%
Net Profit Growth %: 255.25%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 104.55
Book Value (₹): 439.66
Dividend per Share (₹): 25.00
Cash EPS (₹): 62.62
Operating Margin %: 12.08%
Net Margin %: 6.41%
ROE %: 26.95%
ROCE %: 18.55%
: 10.48%
Debtor Days: 43
Inventory Days: 46
Payable Days: 26
: 63
Debt to Equity (x): 1.06x
Interest Coverage (x): 5.29x
: 1.23x
Revenue Growth %: 64.12%
Operating Profit Growth %: 115.92%
Net Profit Growth %: 1082.08%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 26.08
Book Value (₹): 279.61
Dividend per Share (₹): 5.00
Cash EPS (₹): 53.11
Operating Margin %: 8.90%
Net Margin %: 3.22%
ROE %: 10.44%
ROCE %: 9.79%
: 4.17%
Debtor Days: 47
Inventory Days: 57
Payable Days: 24
: 81
Debt to Equity (x): 0.87x
Interest Coverage (x): 3.05x
: 1.32x
Revenue Growth %: -0.75%
Operating Profit Growth %: -26.85%
Net Profit Growth %: -50.11%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): -4.47
Book Value (₹): 275.44
Dividend per Share (₹): 0.00
Cash EPS (₹): 28.05
Operating Margin %: 2.32%
Net Margin %: -0.51%
ROE %: -1.61%
ROCE %: 2.43%
: -0.60%
Debtor Days: 49
Inventory Days: 66
Payable Days: 23
: 92
Debt to Equity (x): 1.45x
Interest Coverage (x): 0.71x
: 1.14x
Revenue Growth %: 7.10%
Operating Profit Growth %: -61.33%
Net Profit Growth %: -117.14%
: -117.14%
P/E (x): 0.00x
P/B (x): 0.62x
Dividend Yield %: 0.00%
: 20.46x

Mar 2025

EPS (₹): -8.50
Book Value (₹): 275.40
Dividend per Share (₹): 0.00
Cash EPS (₹): 25.61
Operating Margin %: 4.29%
Net Margin %: -0.82%
ROE %: -3.09%
ROCE %: 2.64%
: -1.08%
Debtor Days: 50
Inventory Days: 58
Payable Days: 23
: 86
Debt to Equity (x): 1.32x
Interest Coverage (x): 0.58x
: 1.03x
Revenue Growth %: 18.93%
Operating Profit Growth %: 83.72%
Net Profit Growth %: -90.10%
: -90.10%
P/E (x): 0.00x
P/B (x): 0.47x
Dividend Yield %: 0.00%
: 9.59x

Mar 2026

EPS (₹): 11.04
Book Value (₹): 288.96
Dividend per Share (₹): 0.00
Cash EPS (₹): 43.63
Operating Margin %: 6.18%
Net Margin %: 1.14%
ROE %: 3.91%
ROCE %: 5.68%
: 1.43%
Debtor Days: 53
Inventory Days: 54
Payable Days: 24
: 83
Debt to Equity (x): 1.22x
Interest Coverage (x): 1.34x
: 1.04x
Revenue Growth %: -5.63%
Operating Profit Growth %: 38.65%
Net Profit Growth %: 229.94%
: 229.94%
P/E (x): 10.96x
P/B (x): 0.42x
Dividend Yield %: 0.00%
: 6.65x

Shareholding Pattern

Numbers in percentages

TRADES

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
55.69	55.69	55.69	55.69	55.69	55.69	55.69	55.69	55.69
1.80	1.52	1.62	1.50	1.23	1.21	1.24	1.20	0.97
0.12	0.27	0.27	0.07	0.07	0.07	0.07	0.07	0.16
0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20
42.18	42.31	42.20	42.53	42.80	42.82	42.79	42.83	42.97

Jun 2024

: 55.69
: 1.80
: 0.12
: 0.20
: 42.18

Sep 2024

: 55.69
: 1.52
: 0.27
: 0.20
: 42.31

Dec 2024

: 55.69
: 1.62
: 0.27
: 0.20
: 42.20

Mar 2025

: 55.69
: 1.50
: 0.07
: 0.20
: 42.53

Jun 2025

: 55.69
: 1.23
: 0.07
: 0.20
: 42.80

Sep 2025

: 55.69
: 1.21
: 0.07
: 0.20
: 42.82

Dec 2025

: 55.69
: 1.24
: 0.07
: 0.20
: 42.79

Mar 2026

: 55.69
: 1.20
: 0.07
: 0.20
: 42.83

Jun 2026

: 55.69
: 0.97
: 0.16
: 0.20
: 42.97

Documents

Announcements

General Updates
2026-08-14 - Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-11 - RSWM Limited has informed the Exchange about Transcript

Annual Reports

Credit Ratings

Credit Rating- Revision
2026-06-09 - Rating from India Ratings & Research

Concalls

Aug 2026
TranscriptPPTREC
May 2026
Transcript PPTREC
Feb 2026
Transcript PPTREC