ZODIACLOTH
Zodiac Clothing Company Limited
Clothing and clothing accessories manufacturer and marketer
Consumer Discretionary›Textiles›Textiles & Apparels›Garments & Apparels
zodiaconline.com(opens the company website in a new tab)Key metrics
Price as of 2026-10-19
Stock price
₹64.71
Market cap
178 Cr
Stock P/E
Loss (TTM EPS ₹-12.70)
P/B
0.98
ROE (FY26)
-19.3%
ROCE (FY26)
-10.3%
Operating margin (FY26)
-22.6%
Debt / equity (FY26)
0.27
OCF / EBITDA (FY20)
149.9%
Full years shown; sign in free for the trailing twelve months. Learn about these metrics →
Price & valuation
Share price and valuation multiples (P/E, P/B and more) over time.
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Compare with peers
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What you need to know
Zodiac Clothing designs, makes and sells branded clothing and clothing accessories, with more than half of its revenue coming from customers outside India.
Company snapshot
19thBy market cap
Ranked among 31 companies in Garments & Apparels.
What we see
Positives
- ✓Debt-to-equity of 0.27x — the company is largely funded by its own money, not borrowed funds.
Concerns
- ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 32 Cr | 37 Cr | 44 Cr | 38 Cr | 43 Cr | 46 Cr | 48 Cr | 39 Cr | 37 Cr | 41 Cr | 45 Cr | 33 Cr |
| Operating expenses (approx.) | 36 Cr | 40 Cr | 51 Cr | 47 Cr | 47 Cr | 50 Cr | 52 Cr | 43 Cr | 43 Cr | 43 Cr | 45 Cr | 37 Cr |
| EBITDA | -4 Cr | -4 Cr | -7 Cr | -9 Cr | -4 Cr | -4 Cr | -4 Cr | -4 Cr | -7 Cr | -2 Cr | -0.37 Cr | -3 Cr |
| OPM % | -11.0% | -9.6% | -14.9% | -24.3% | -8.6% | -9.1% | -8.6% | -10.0% | -17.9% | -4.6% | -0.8% | -9.7% |
| Other income | -0.31 Cr | 7 Cr | -0.11 Cr | 6 Cr | 2 Cr | 2 Cr | 3 Cr | 3 Cr | 3 Cr | 3 Cr | 4 Cr | 2 Cr |
| Interest | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 2 Cr | 3 Cr | 3 Cr | 2 Cr | 2 Cr |
| Depreciation | 5 Cr | 5 Cr | 5 Cr | 5 Cr | 5 Cr | 5 Cr | 5 Cr | 5 Cr | 6 Cr | 6 Cr | 6 Cr | 6 Cr |
| Profit before tax | -11 Cr | -3 Cr | -14 Cr | -10 Cr | -8 Cr | -10 Cr | -8 Cr | -9 Cr | -12 Cr | -8 Cr | -5 Cr | -9 Cr |
| Tax % | -2.2% | -3.7% | 0.1% | 0.7% | -70.5% | -5.6% | 62.1% | -2.1% | -0.8% | -3.8% | -14.3% | 4.7% |
| Net profit | -11 Cr | -3 Cr | -14 Cr | -10 Cr | -14 Cr | -10 Cr | -3 Cr | -9 Cr | -12 Cr | -9 Cr | -5 Cr | -9 Cr |
| EPS (₹) | ₹-4.20 | ₹-1.05 | ₹-5.22 | ₹-3.76 | ₹-5.42 | ₹-3.91 | ₹-1.22 | ₹-3.59 | ₹-4.55 | ₹-3.32 | ₹-2.00 | ₹-3.25 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 282 Cr | 238 Cr | 216 Cr | 191 Cr | 100 Cr | 127 Cr | 175 Cr | 146 Cr | 174 Cr | 162 Cr | Sign in free for the trailing twelve months |
| Operating expenses (approx.) | 294 Cr | 262 Cr | 229 Cr | 184 Cr | 125 Cr | 145 Cr | 182 Cr | 165 Cr | 196 Cr | 174 Cr | Sign in free for the trailing twelve months |
| EBITDA | -11 Cr | -24 Cr | -14 Cr | 7 Cr | -25 Cr | -18 Cr | -7 Cr | -19 Cr | -21 Cr | -13 Cr | Sign in free for the trailing twelve months |
| OPM % | -4.0% | -10.0% | -6.3% | 3.7% | -24.7% | -14.6% | -4.3% | -13.3% | -12.1% | -7.9% | Sign in free for the trailing twelve months |
| Other income | 13 Cr | 12 Cr | 7 Cr | 12 Cr | 27 Cr | 27 Cr | 9 Cr | 9 Cr | 13 Cr | 13 Cr | Sign in free for the trailing twelve months |
| Interest | 3 Cr | 3 Cr | 4 Cr | 14 Cr | 9 Cr | 6 Cr | 7 Cr | 7 Cr | 8 Cr | 10 Cr | Sign in free for the trailing twelve months |
| Depreciation | 12 Cr | 11 Cr | 11 Cr | 35 Cr | 23 Cr | 19 Cr | 18 Cr | 19 Cr | 20 Cr | 24 Cr | Sign in free for the trailing twelve months |
| Profit before tax | -4 Cr | -26 Cr | -25 Cr | -30 Cr | -30 Cr | -16 Cr | 16 Cr | -36 Cr | -36 Cr | -34 Cr | Sign in free for the trailing twelve months |
| Tax % | -3.3% | 10.5% | -7.0% | 3.6% | 1.3% | 0.5% | -2.6% | -0.3% | -3.0% | -3.7% | Sign in free for the trailing twelve months |
| Net profit | -4 Cr | -23 Cr | -27 Cr | -29 Cr | -29 Cr | -16 Cr | 16 Cr | -36 Cr | -37 Cr | -35 Cr | Sign in free for the trailing twelve months |
| EPS (₹) | ₹-2.24 | ₹-12.03 | ₹-13.07 | ₹-13.10 | ₹-13.04 | ₹-6.61 | ₹6.42 | ₹-13.99 | ₹-14.31 | ₹-13.33 | Sign in free for the trailing twelve months |
| Dividend payout % | — | — | — | — | — | — | 0.0% | — | — | — | Sign in free for the trailing twelve months |
Sign in free for the trailing twelve months
The latest four quarters added up, next to each full year
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 20 Cr | 20 Cr | 21 Cr | 22 Cr | 25 Cr | 25 Cr | 26 Cr | 26 Cr | 26 Cr | 27 Cr |
| Reserves | 280 Cr | 268 Cr | 283 Cr | 237 Cr | 231 Cr | 222 Cr | 253 Cr | 220 Cr | 180 Cr | 155 Cr |
| Borrowings | 57 Cr | 65 Cr | 62 Cr | 60 Cr | 44 Cr | 47 Cr | 37 Cr | 40 Cr | 46 Cr | 48 Cr |
| Other liabilities | 54 Cr | 58 Cr | 43 Cr | 122 Cr | 85 Cr | 69 Cr | 65 Cr | 96 Cr | 98 Cr | 112 Cr |
| Total liabilities | 410 Cr | 411 Cr | 409 Cr | 440 Cr | 385 Cr | 363 Cr | 381 Cr | 382 Cr | 350 Cr | 342 Cr |
| Fixed assets (net) | 132 Cr | 125 Cr | 118 Cr | 112 Cr | 100 Cr | 93 Cr | 86 Cr | 85 Cr | 87 Cr | 85 Cr |
| CWIP | 2 Cr | 3 Cr | 3 Cr | 2 Cr | 1 Cr | 3 Cr | 4 Cr | 6 Cr | 1 Cr | — |
| Investments | 72 Cr | 56 Cr | 61 Cr | 36 Cr | 48 Cr | 62 Cr | 91 Cr | 75 Cr | 49 Cr | 49 Cr |
| Loans & advances | — | — | 12 Cr | 22 Cr | 14 Cr | 0.05 Cr | 0.04 Cr | 0.06 Cr | 0.12 Cr | 0.15 Cr |
| Inventories | 71 Cr | 79 Cr | 87 Cr | 88 Cr | 77 Cr | 69 Cr | 59 Cr | 60 Cr | 66 Cr | 61 Cr |
| Trade receivables | 23 Cr | 29 Cr | 23 Cr | 18 Cr | 18 Cr | 22 Cr | 25 Cr | 21 Cr | 21 Cr | 19 Cr |
| Cash & bank | 13 Cr | 12 Cr | 12 Cr | 19 Cr | 17 Cr | 9 Cr | 11 Cr | 8 Cr | 7 Cr | 6 Cr |
| Other assets | 96 Cr | 106 Cr | 93 Cr | 143 Cr | 110 Cr | 106 Cr | 105 Cr | 128 Cr | 119 Cr | 122 Cr |
| Total assets | 410 Cr | 411 Cr | 409 Cr | 440 Cr | 385 Cr | 363 Cr | 381 Cr | 382 Cr | 350 Cr | 342 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 3 Cr | -37 Cr | -27 Cr | 11 Cr | -7 Cr | -5 Cr | 1 Cr | -5 Cr | -9 Cr | 9 Cr |
| Cash from investing | 16 Cr | 34 Cr | -8 Cr | 33 Cr | 8 Cr | 7 Cr | 16 Cr | 17 Cr | 29 Cr | -4 Cr |
| Cash from financing | -17 Cr | 1 Cr | 35 Cr | -36 Cr | -2 Cr | -10 Cr | -15 Cr | -15 Cr | -20 Cr | -7 Cr |
| Net cash flow | 2 Cr | -1 Cr | -0.52 Cr | 7 Cr | -0.05 Cr | -8 Cr | 2 Cr | -3 Cr | -0.40 Cr | -1 Cr |
| Free cash flow (OCF − Capex) | -8 Cr | -40 Cr | -33 Cr | 6 Cr | -8 Cr | -9 Cr | -4 Cr | -18 Cr | -13 Cr | 5 Cr |
Ratios
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | -0.3% | -6.6% | -5.7% | -5.1% | -6.9% | -3.5% | 7.1% | -10.3% | -11.2% | -10.3% |
| ROE % | -1.5% | -8.2% | -8.8% | -11.2% | -11.5% | -6.6% | 5.7% | -14.8% | -18.1% | -19.3% |
| Debtor days | 29 | 45 | 39 | 33 | 65 | 62 | 52 | 53 | 44 | 43 |
| Inventory days | 248 | 295 | 414 | 466 | 827 | 510 | 338 | 360 | 337 | 386 |
| Days payable | 103 | 137 | 105 | 119 | 251 | 209 | 133 | 206 | 197 | 252 |
| Cash conversion cycle | 174 | 202 | 349 | 380 | 642 | 363 | 257 | 207 | 184 | 177 |
| OCF / EBITDA % | — | — | — | 149.9% | — | — | — | — | — | — |
| Debt / equity | 0.19 | 0.22 | 0.20 | 0.23 | 0.17 | 0.19 | 0.13 | 0.16 | 0.22 | 0.27 |
| Current ratio | — | — | 1.89 | 1.69 | 1.89 | 1.49 | 2.06 | 1.49 | 1.23 | 1.10 |
| Net debt / EBITDA | — | — | — | 5.67 | — | — | — | — | — | — |