Patspin India Ltd - manufacturing in Ernakulam, Kerala, India. FY 2026 financials & compliance.
CIN L18101KL1991PLC006194 Incorporated 20 September 1991 ROC Ernakulam HQ Ernakulam, Kerala, India
Active Listed - BSE: 514326 Public Limited Company manufacturing MSME · Medium
Data last updated
Market Cap
₹18.40 Cr
PATSPINLTD · BSE
Share Price
₹5.70
-4.20% today
Revenue
₹46.52 Cr
FY 2025-26 · -1.7% YoY
EBITDA
−₹3.98 Cr
Margin -8.6%
Net Profit
−₹10.35 Cr
FY 2025-26 · -5.7% YoY
Authorised capital
₹71 Cr
Registered with MCA
Paid-up capital
₹51.43 Cr
Issued & subscribed
Open charges
₹66.68 Cr
Satisfied ₹1,016.06 Cr

About Patspin India Ltd

Data last updated:

Patspin India Ltd is a public limited company based in Ernakulam, Kerala, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 20 September 1991 and has been in existence for over 35 years.

The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN L18101KL1991PLC006194. Its GSTIN is 32AABCP6647G1ZI (Kerala). The company holds 5 GST registrations, of which 4 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 514326. Its shares were delisted from NSE on 19 Jan 2022 · voluntary delisting.

The company has an authorised share capital of ₹71 Cr and a paid-up capital of ₹51.43 Cr. It is led by directors including Umang Patodia (Managing Director) and Cheriyamadathil Gopalakrishnan Nair.

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 3rd Floor Palal Towersravipuram M G Road, Ernakulam, Kerala, India – 682016.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹46.52 Cr, a decline of 1.7% compared to the previous year. For the same year it recorded a net loss of ₹10.35 Cr (net margin -22.2%) and EBITDA of -₹3.98 Cr (EBITDA margin -8.6%). Total assets are valued at ₹41.79 Cr (down 19.9% YoY).

The company has about 412 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: GTN Group and Patspin India. As per MCA filings, the company has open charges of ₹66.68 Cr and satisfied charges of ₹1,016.06 Cr on record. Court records list 63 cases involving the company, including 47 filed by the company and 16 filed against it; 3 cases are pending. The company has 10 deals on record (9 market trades, 1 acquisition); the latest was in January 2018. Its 9 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 5 larger and 4 smaller; the largest is Raj Couture Private Limited with revenue of ₹49.07 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2023, listing 1,222 overdue payments to 84 micro and small suppliers.

Patspin India Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0016208). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website patspin.com.

Company details

CIN L18101KL1991PLC006194
Registration Number 006194
Incorporation Date 20 September 1991
ROC Ernakulam
Listing Status Listed - Listed on BSE (514326); Delisted from NSE on 19 Jan 2022 · voluntary delisting
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KL-02-0016208

Recognitions & Rankings of Patspin India

MSME (Udyam registered) Ministry of MSME
Category
Medium (2023-24)
Udyam number
UDYAM-KL-02-0016208

Contact details

Patspin India Ltd's registered office is in Ernakulam, Kerala. Its website is patspin.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    3rd Floor Palal Towersravipuram M G Road, Ernakulam, Kerala, India – 682016
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Patspin India Ltd, buy the company report.

Comprehensive company report
Patspin India Ltd - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Patspin India operates two associated brands: GTN Group and PATSPIN INDIA. Each brand links to its own profile.

BrandDescriptionWebsite
GTN Group is engaged in textile manufacturing and distribution.gtntextiles.com
Combed cotton yarns are manufactured and exported by Patspin India.patspin.com

Business activity

The main business activity of Patspin India is manufacturing. In detail, this covers textile, leather and other apparel products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC2Textile, leather and other apparel products

To see the full business activity and turnover split of Patspin India Ltd, buy the company report.

Financials of Patspin India Ltd

FY 2025-26 filings available

Patspin India Ltd reported revenue of ₹46.52 Cr (down 1.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹46.52 Cr
-1.7% YoY
EBITDA
−₹3.98 Cr
-332.6% YoY
Profit After Tax
−₹10.35 Cr
-5.7% YoY
Net Worth
−₹45.00 Cr
-32.9% YoY
Total Assets
₹41.79 Cr
-19.9% YoY
Total Debt
₹81.57 Cr
-0.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue46.5247.3343.8474.87143148393
Revenue growth-1.7%+8.0%-41.5%-47.8%-3.2%-62.3%-
EBITDA(3.98)(0.92)(3.81)(14.71)19.37(4.21)(0.84)
EBITDA margin-8.6%-1.9%-8.7%-19.7%+13.5%-2.8%-0.2%
Profit before tax(11.39)(9.79)(6.64)(18.14)(13.37)(37.97)(36.16)
Net profit(10.35)(9.79)(8.75)(25.43)(13.37)(37.97)(24.04)
Net profit margin-22.3%-20.7%-20.0%-34.0%-9.3%-25.6%-6.1%
EPS (₹)(3.69)(3.17)(2.15)(5.87)(4.33)(12.28)(7.77)
Balance sheet
Total assets41.7952.1453.5462.69150162185
Net worth(45.00)(33.86)(23.86)(17.28)0.3611.4849.55
Total debt81.5781.6073.7276.68145146132
Cash & bank0.050.220.252.000.262.756.53
Net working capital(34.13)(26.39)(26.80)(21.10)(36.33)(32.44)(19.34)
Cash flow
Cash from operations(0.30)1.447.316.19(0.92)(0.99)51.18
Cash from investing0.69(0.14)3.2891.78(0.18)0.672.18
Cash from financing(0.55)(1.30)(11.24)(97.22)(0.61)1.14(54.94)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue11.0110.5811.0013.7511.1911.3310.7811.57
Revenue growth (YoY)-1.6%-6.6%+2.0%+18.8%-18.0%---
Other income0.140.251.560.090.240.230.260.23
Total expenses11.2311.2413.3414.4811.4511.4511.2411.33
EBITDA(0.22)(0.66)(2.34)(0.73)(0.26)(0.12)(0.46)0.24
EBITDA margin-2.0%-6.2%-21.3%-5.3%-2.3%-1.1%-4.3%+2.1%
Depreciation0.710.700.740.740.740.750.730.76
Interest1.751.691.691.651.601.851.831.88
Profit before tax(2.54)(2.80)(3.21)(3.03)(2.36)(2.49)(2.76)(2.17)
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue11.0110.5811.0013.7511.1911.3310.7811.57
Revenue growth (YoY)-1.6%-6.6%+2.0%+18.8%-18.0%---
Other income0.140.251.560.090.240.230.260.23
Total expenses11.2311.2413.3414.4811.4511.4511.2411.33
EBITDA(0.22)(0.66)(2.34)(0.73)(0.26)(0.12)(0.46)0.24
EBITDA margin-2.0%-6.2%-21.3%-5.3%-2.3%-1.1%-4.3%+2.1%
Depreciation0.710.700.740.740.740.750.730.76
Interest1.751.691.691.651.601.851.831.88
Profit before tax(2.54)(2.80)(3.21)(3.03)(2.36)(2.49)(2.76)(2.17)
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue46.5247.3343.8474.87143148393
Revenue growth-1.7%+8.0%-41.5%-47.8%-3.2%-62.3%-
Other income2.141.507.8714.240.240.372.36
Total expenses50.5048.2547.6589.58124152394
Employee cost18.8318.6417.3628.8532.4628.0034.39
EBITDA(3.98)(0.92)(3.81)(14.71)19.37(4.21)(0.84)
EBITDA margin-8.6%-1.9%-8.7%-19.7%+13.5%-2.8%-0.2%
Depreciation2.922.963.157.1510.1410.2110.35
Interest6.637.417.5510.5222.8423.9227.33
Profit before tax(11.39)(9.79)(6.64)(18.14)(13.37)(37.97)(36.16)
Tax0.000.000.000.000.000.00(12.15)
Net profit(10.35)(9.79)(8.75)(25.43)(13.37)(37.97)(24.04)
Net profit margin-22.3%-20.7%-20.0%-34.0%-9.3%-25.6%-6.1%
EPS (₹)(3.69)(3.17)(2.15)(5.87)(4.33)(12.28)(7.77)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital51.4351.4351.4351.4349.3748.8746.90
Reserves & surplus(96.43)(85.29)(75.29)(68.71)(49.01)(37.39)2.65
Shareholders' funds (net worth)(45.00)(33.86)(23.86)(17.28)0.3611.4849.55
Secured loans56.6756.6763.3566.68134135121
Unsecured loans24.9024.9310.3710.0011.0011.5011.50
Total debt81.5781.6073.7276.68145146132
Total liabilities41.7952.1453.5462.69150162185
Assets
Gross block194194193194400400403
Net block59.9162.8464.9368.59167178190
Capital work in progress0.000.000.000.050.050.050.05
Investments0.000.000.000.000.090.170.18
Inventories0.100.090.093.397.9114.2925.90
Sundry debtors0.050.050.061.858.2210.6024.52
Cash & bank balances0.050.220.252.000.262.756.53
Loans & advances2.982.738.036.673.836.229.06
Total current assets3.183.098.4313.9120.2233.8666.01
Total current liabilities37.3129.4835.2335.0156.5566.3085.35
Net working capital(34.13)(26.39)(26.80)(21.10)(36.33)(32.44)(19.34)
Total assets41.7952.1453.5462.69150162185
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.210.210.860.111.821.012.59
Net cash from operating activities(0.30)1.447.316.19(0.92)(0.99)51.18
Net cash from investing activities0.69(0.14)3.2891.78(0.18)0.672.18
Net cash from financing activities(0.55)(1.30)(11.24)(97.22)(0.61)1.14(54.94)
Net change in cash(0.16)0.00(0.65)0.75(1.71)0.81(1.58)
Closing cash0.050.220.252.000.262.756.53
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-1.7%+8.0%-41.5%-47.8%-3.2%-62.3%-
EBITDA growth-332.6%+75.9%+74.1%-175.9%+560.1%-401.2%-
PBT growth-16.3%-47.4%+63.4%-35.7%+64.8%-5.0%-1085.6%
Net income growth-5.7%-11.9%+65.6%-90.2%+64.8%-58.0%-
Revenue CAGR (3Y)-14.7%-30.9%-33.4%-42.5%-36.1%-34.3%-9.6%
EBITDA CAGR (3Y)-35.3%--3.3%+159.7%-17.1%--
Profitability & leverage
Net income margin-24.5%-20.7%-15.2%-24.2%-9.3%-25.6%-6.1%
Return on capital employed0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Return on net worth0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Debt / equity0.000.000.000.000.000.0010.96
Long-term debt / equity0.000.000.000.000.000.003.53
Interest cover-96.09-190.98-108.48-48.12247.45-165.88-244.24
Efficiency & per share
Fixed asset turnover0.280.290.270.290.400.421.11
Inventory turnover489.68525.8925.2013.2512.917.378.56
Debtors turnover930.40860.5545.9114.8715.238.439.54
EPS (₹)(3.69)(3.17)(2.15)(5.87)(4.33)(12.28)(7.77)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)(31.08)(27.48)(24.24)(22.11)(20.34)(16.58)(4.46)

To see the full year-wise statements and ratios of Patspin India Ltd, buy the company report.

Board of directors of Patspin India Ltd

Patspin India has 4 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Cheriyamadathil Gopalakrishnan NairDirector21 Sep 20206 Years 1 MonthsCurrent
Kalpana Mahesh ThakkerDirector14 Nov 20196 Years 11 MonthsCurrent
Umang PatodiaManaging Director04 Aug 200917 Years 2 MonthsCurrent
Veliyath Poulose RajuDirector16 Dec 20241 Years 10 MonthsCurrent

Peer comparison

Patspin India Ltd is compared with the 9 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Raj Couture Private Limited₹49.07 Cr (FY 2025)34.0%Kolkata, West Bengal, India
Jostars Orgotech Private Limited₹48.91 Cr (FY 2024)-19.0%Mumbai, Maharashtra, India
Elljay Textiles Private Limited₹48.9 Cr (FY 2023)-19.0%Coimbatore, Tamil Nadu, India
Swami Palani Anadavar Spinners (India) Private Limited₹48.87 Cr (FY 2020)-35.0%Vellakovil, Tamil Nadu, India
Sri Ratnalakshmi Spinning Mills Private Limited₹48.84 Cr (FY 2025)-14.0%Gobichettipalayam, Tamil Nadu, India
Wearit Global Limited₹48.83 Cr (FY 2020)-80.0%Kolkata, West Bengal, India
Mamata Hosiery Private Limited₹48.81 Cr (FY 2020)30.0%Howrah, West Bengal, India
Karni Textile Mills Private Limited₹48.77 Cr (FY 2025)-2.0%Kolkata, West Bengal, India
Rinu Syntex Private Limited₹48.71 Cr (FY 2025)1.0%Mumbai, Maharashtra, India
Patspin India Ltdthis company₹46.52 Cr (FY 2026)-₹10.35 Cr-22.2%-1.7%412Ernakulam, Kerala, India

To see the full peer comparison of Patspin India Ltd, buy the company report.

Auditor

Patspin India Ltd is audited by L U KRISHNAN & CO for the financial year 2023.

Auditor firmFinancial yearFirm registration number
L U KRISHNAN & COFY 2023001527S

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 65.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 35.00%.

Promoters: 65.00%Retail & Others: 35.00%
Mar 2026
QUARTER
65.00% Promoters
35.00% Retail & Others
Promoter holding - history
Now 65.00% · Mar 2026High 65.00% · Jun 2025Low 65.00% · Jun 2025
64%64.5%65%65.5%66%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 65.00%Sep 2025: 65.00%Dec 2025: 65.00%Mar 2026: 65.00%65.00%65.00%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters65.00%65.00%65.00%65.00%
Public35.00%35.00%35.00%35.00%

Charges & borrowings

Open charges
₹66.68 Cr
Satisfied charges
₹1,016.06 Cr
Breakdown by lending institutions
Others₹66.68 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
30 Sep 2022100665888Others₹66.68 CrOpen
01 Feb 201310407050Central Bank of India₹22.16 CrSatisfied
13 Mar 201210343020State Bank of Travancore₹44.8 CrSatisfied
13 Mar 201210343024State Bank of India₹15 CrSatisfied
18 Jan 201210337739Others₹20 CrSatisfied

To see the full charge records of Patspin India Ltd, buy the company report.

Total charge records: 57 View all charges

Deals & funding

Patspin India Ltd has 10 deals on record (9 market trades, 1 acquisition); the latest was in January 2018.

Total deals
10
Market trades
9
Acquisition
1

Deals on record (5 of 10)

WhenDealAmountParties
Jan 2018Market trade₹1.4 CrBuyer: an individual
Seller: an individual
Nov 2017Market trade₹68.2 LakhBuyer: an individual
Seller: an individual
Aug 2017Market trade₹59.8 LakhBuyer: an individual
Seller: an individual
Jul 2017Market trade₹42.1 LakhBuyer: Neon Vinimay Private Limited
Seller: Neon Vinimay Private Limited
Mar 2013Market trade₹7.2 LakhSeller: Setu Securities Private Limited

To see the full deal history of Patspin India Ltd, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Patspin India Ltd was last rated by Care on 10 Nov 2021.

Rating agencyRated onRating
Care10 Nov 2021

To see the full credit ratings and regulatory alerts of Patspin India Ltd, buy the company report.

MSME payment delays

Patspin India Ltd has 10 MSME Form 1 returns on record between 2019 and 2023, listing 1,222 overdue payments to 84 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 84)

SupplierAmount dueDue sinceReported on
an individual supplier
White & Co
Sky Packs
an individual supplier
Shree Sai Marketing

To see the full MSME payment records of Patspin India Ltd, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Patspin India Ltd has a workforce of 412 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.

Employee count
412
Active EPFO establishments
2
Employee growth
-44.77%

GST

Patspin India has 5 GST registrations: 4 active and 1 cancelled or inactive.

Total GSTINs
5
Active
4
Cancelled / inactive
1
GSTINStateStatusRegistered on
32AABCP6647G1ZIKeralaActive01 Jul 2017
32AABCP6647G2ZHKeralaActive12 Jul 2017
27AABCP6647G1Z9MaharashtraActive01 Jul 2017
33AABCP6647G1ZGTamil NaduActive01 Jul 2017

To see the full GST registrations and return filing status of Patspin India Ltd, buy the company report.

Recent activity

Patspin India Ltd has 46 board changes on record since 1991: 26 appointments and 20 cessations. The latest: Binod Kumar Patodia ceased to be Director on 05 Aug 2025.

Filing
Patspin India Ltd has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ernakulam.
AGM
Patspin India Ltd last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Binod Kumar Patodia ceased to be Director.
Ceased
Vallomparampath Narayanankutty Balakrishnan ceased to be Director.
Appointed
Veliyath Poulose Raju was appointed as Director.
Ceased
Nandkishore Bafna ceased to be Director.
Charges
A charge with Others of Rs. 66.68 Cr registered on 30 Sep 2022 with Charge ID 100665888 was modified on 23 Aug 2023.
Charges
A charge registered on 01 Feb 2013 via Charge ID 10407050 with Central Bank Of India was fully satisfied on 02 Dec 2022.
Charges
A charge registered on 04 May 2009 via Charge ID 10157801 with Central Bank Of India was fully satisfied on 02 Dec 2022.
Charges
A charge registered on 14 Nov 2008 via Charge ID 10130801 with Others was fully satisfied on 02 Dec 2022.
Charges
A charge registered on 19 Feb 2008 via Charge ID 10088951 with Central Bank Of India was fully satisfied on 02 Dec 2022.
Charges
A charge registered on 18 Apr 2007 via Charge ID 10046932 with Central Bank Of India was fully satisfied on 02 Dec 2022.

193 earlier events are in the company report.

Frequently asked questions

Patspin India is an active public limited company based in Ernakulam, Kerala, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 20 September 1991 (35+ years old) and is registered under CIN L18101KL1991PLC006194. Listed on BSE: 514326.

Patspin India reported revenue of ₹46.52 Cr for FY 2025-26 (down 1.7% YoY) based on standalone financials.

Patspin India has 4 current directors:

The latest financial statements of Patspin India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Patspin India is 32AABCP6647G1ZI, registered in Kerala. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 32AABCP6647G2ZH (Kerala), 27AABCP6647G1Z9 (Maharashtra), 33AABCP6647G1ZG (Tamil Nadu).

The CIN (Corporate Identification Number) of Patspin India is L18101KL1991PLC006194. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Patspin India is a listed company as per MCA records. Its shares are listed on BSE (code: 514326). Its shares were delisted from NSE on 19 Jan 2022 · voluntary delisting.

Patspin India has 63 court cases on record: 47 filed by the company and 16 filed against it. 3 are pending. Most are in the high courts.

Patspin India was incorporated on 20 September 1991, making it 35+ years old. It is registered with the Registrar of Companies, Ernakulam.

Patspin India has 10 deals on record (9 market trades, 1 acquisition); the latest was in January 2018.

The peers of Patspin India by revenue are Raj Couture Private Limited, Jostars Orgotech Private Limited, Elljay Textiles Private Limited, Swami Palani Anadavar Spinners (India) Private Limited, Sri Ratnalakshmi Spinning Mills Private Limited and 4 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).

Binod Kumar Patodia ceased to be Director on 05 Aug 2025. Vallomparampath Narayanankutty Balakrishnan ceased to be Director on 05 Aug 2025. Veliyath Poulose Raju was appointed as Director on 16 Dec 2024. Patspin India has 46 board changes on record in total.