- Total income
- ₹4,851 Cr
- Profit
- ₹-40 Cr

About RSWM Limited
Data last updated:
RSWM Limited is a public limited company based in Bhilwara, Rajasthan, India. It operates in the leather segment of the apparel and fashion sector. It was incorporated on 17 October 1960 and has been in existence for over 66 years.
RSWM is ranked #480 on the Fortune India 500 (2025). Its director Ravi Jhunjhunwala and family are #376 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN L17115RJ1960PLC008216. Its GSTIN is 08AAACR9700M1Z3 (Rajasthan). The company holds 15 GST registrations, of which 8 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500350 and NSE: RSWM.
The company has an authorised share capital of ₹135 Cr and a paid-up capital of ₹47.1 Cr. It was formerly known as Rajasthan Spinning and Weaving Mills Limited. It is led by directors including Riju Jhunjhunwala (Managing Director) and Rajeev Gupta (Managing Director).
Its last annual general meeting (AGM) was held on 05 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Kharigram P.O. Gulabpura, Bhilwara, Rajasthan, India – 311021.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,554.13 Cr, a decline of 5.6% compared to the previous year. For the same year it recorded a net profit of ₹50.92 Cr (net margin 1.1%) and EBITDA of ₹272.6 Cr (EBITDA margin 6%). The net worth stands at ₹1,361.05 Cr (up 4.9% YoY). Total assets are valued at ₹3,068.81 Cr (up 1.2% YoY).
The company has about 15,206 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: LNJ Denim and RSWM. As per MCA filings, the company has open charges of ₹2,508 Cr and satisfied charges of ₹4,203.83 Cr on record. Court records list 531 cases involving the company, including 386 filed by the company and 145 filed against it; 98 cases are pending. The company has 34 deals on record (26 market trades, 3 acquisitions, 2 funding rounds), with disclosed funding of ₹7.31 Cr; the latest was in August 2024. Its 7 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 4 smaller; the largest is Swan Corp Limited with revenue of ₹6,883.68 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rswm.in.
Company details
CIN history
RSWM has one previous CIN (Corporate Identification Number): L17115RJ1994PLC008216. The current CIN is L17115RJ1960PLC008216, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17115RJ1960PLC008216 | Current |
| L17115RJ1994PLC008216 | Previous |
Recognitions & Rankings of RSWM
- #376 Ravi Jhunjhunwala & family ₹9,900 Cr
Contact details
RSWM Limited's registered office is in Bhilwara, Rajasthan. Its website is rswm.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressKharigram P.O. Gulabpura, Bhilwara, Rajasthan, India – 311021
- IndustryAppreal & Fashion, Leather, Textile, Apparel
To see the full contact details of RSWM Limited, buy the company report.
- 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
Brands
RSWM operates two associated brands: LNJ Denim and RSWM. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Denim manufacturing and fabric supply in the textiles sector. | lnjdenim.in | |
| Yarns and fabrics for the textile industry are manufactured. | rswm.in |
Business activity
The main business activity of RSWM is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of RSWM Limited, buy the company report.
Financials of RSWM Limited
FY 2025-26 filings availableRSWM Limited reported revenue of ₹4,554.13 Cr (down 5.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,554 | 4,826 | 4,058 | 3,789 | 3,817 | 2,326 | 2,771 |
| Revenue growth | -5.6% | +18.9% | +7.1% | -0.8% | +64.1% | -16.1% | - |
| EBITDA | 273 | 209 | 94.89 | 248 | 432 | 175 | 184 |
| EBITDA margin | +6.0% | +4.3% | +2.3% | +6.6% | +11.3% | +7.5% | +6.7% |
| Profit before tax | 43.84 | (58.31) | (28.29) | 152 | 290 | 3.49 | (12.53) |
| Net profit | 50.92 | (41.33) | (97.61) | 97.65 | 241 | 5.41 | (13.41) |
| Net profit margin | +1.1% | -0.9% | -2.4% | +2.6% | +6.3% | +0.2% | -0.5% |
| EPS (₹) | 11.04 | (8.50) | (4.47) | 26.08 | 104.55 | 8.84 | (5.70) |
| Balance sheet | |||||||
| Total assets | 3,069 | 3,032 | 3,211 | 2,485 | 2,145 | 1,724 | 1,909 |
| Net worth | 1,361 | 1,297 | 1,297 | 1,317 | 1,035 | 792 | 737 |
| Total debt | 1,688 | 1,716 | 1,890 | 1,157 | 1,103 | 926 | 1,164 |
| Cash & bank | 10.74 | 10.92 | 7.89 | 5.11 | 8.68 | 7.43 | 6.77 |
| Net working capital | 1,081 | 1,144 | 1,391 | 1,076 | 933 | 699 | 814 |
| Cash flow | |||||||
| Cash from operations | 435 | 426 | (75.78) | 88.92 | 210 | 320 | 231 |
| Cash from investing | (217) | (113) | (362) | (239) | (318) | 6.65 | 150 |
| Cash from financing | (222) | (307) | 439 | 147 | 111 | (326) | (390) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,161 | 1,142 | 1,091 | 1,151 | 1,170 | 1,256 | 1,196 | 1,166 |
| Revenue growth (YoY) | -0.8% | -9.1% | -8.8% | -1.3% | -3.1% | - | - | - |
| Other income | 8.88 | 17.00 | 13.93 | 9.54 | 11.68 | 9.41 | 8.04 | 10.06 |
| EBITDA | 90.14 | 69.42 | 57.98 | 72.42 | 72.78 | 71.28 | 50.62 | 38.13 |
| EBITDA margin | +7.8% | +6.1% | +5.3% | +6.3% | +6.2% | +5.7% | +4.2% | +3.3% |
| Depreciation | 39.12 | 38.48 | 37.39 | 38.98 | 38.66 | 38.32 | 39.35 | 40.82 |
| Interest | 32.59 | 30.74 | 30.14 | 31.77 | 34.77 | 35.98 | 33.58 | 35.82 |
| Profit before tax | 27.31 | 17.20 | 4.38 | 11.21 | 11.03 | 6.39 | (14.27) | (28.45) |
| Tax | 7.66 | (16.64) | 2.00 | 3.78 | 2.66 | 4.90 | (5.04) | (10.90) |
| Net profit | 19.65 | 33.84 | 2.38 | 7.43 | 8.37 | 1.49 | (9.23) | (17.55) |
| EPS (₹) | 4.16 | 7.18 | 0.50 | 1.58 | 1.78 | 0.31 | (1.96) | (3.72) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,554 | 4,825 | 4,057 | 3,789 | 3,817 | 2,326 | 2,771 |
| Revenue growth | -5.6% | +18.9% | +7.1% | -0.8% | +64.1% | -16.1% | - |
| EBITDA | 265 | 203 | 96.14 | 248 | 432 | 176 | 184 |
| EBITDA margin | +5.8% | +4.2% | +2.4% | +6.6% | +11.3% | +7.6% | +6.7% |
| Profit before tax | 43.80 | (59.58) | 27.70 | 138 | 283 | 4.27 | 23.56 |
| Net profit | 50.87 | (42.60) | (102) | 85.57 | 235 | 6.19 | (16.10) |
| Net profit margin | +1.1% | -0.9% | -2.5% | +2.3% | +6.2% | +0.3% | -0.6% |
| EPS (₹) | 11.04 | (8.76) | 7.41 | 23.27 | 101.90 | 9.18 | 9.62 |
| Balance sheet | |||||||
| Total assets | 2,925 | 2,952 | 3,116 | 2,436 | 2,108 | 1,693 | 1,878 |
| Net worth | 1,372 | 1,308 | 1,309 | 1,268 | 999 | 761 | 706 |
| Total debt | 1,533 | 1,626 | 1,783 | 1,157 | 1,103 | 926 | 1,164 |
| Cash & bank | 4.31 | 10.46 | 7.84 | 5.11 | 8.68 | 7.43 | 6.77 |
| Net working capital | 1,033 | 1,150 | 1,384 | 1,076 | 933 | 699 | 814 |
| Cash flow | |||||||
| Cash from operations | 428 | 410 | (71.84) | 88.92 | 210 | 320 | 231 |
| Cash from investing | (196) | (113) | (362) | (239) | (318) | 6.65 | 151 |
| Cash from financing | (238) | (291) | 435 | 147 | 111 | (326) | (390) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,161 | 1,142 | 1,093 | 1,150 | 1,169 | 1,256 | 1,196 | 1,166 |
| Revenue growth (YoY) | -0.7% | -9.1% | -8.6% | -1.4% | -3.2% | - | - | - |
| Other income | 8.86 | 16.86 | 13.67 | 9.13 | 11.57 | 8.71 | 7.31 | 6.72 |
| Total expenses | 1,076 | 1,074 | 1,035 | 1,080 | 1,100 | 1,186 | 1,145 | 1,130 |
| EBITDA | 85.21 | 68.22 | 58.02 | 69.64 | 69.44 | 70.04 | 50.51 | 35.71 |
| EBITDA margin | +7.3% | +6.0% | +5.3% | +6.1% | +5.9% | +5.6% | +4.2% | +3.1% |
| Depreciation | 38.22 | 37.59 | 36.49 | 38.08 | 37.76 | 37.42 | 38.46 | 39.92 |
| Interest | 31.45 | 29.58 | 29.00 | 30.63 | 33.63 | 34.84 | 32.40 | 34.61 |
| Profit before tax | 24.40 | 17.91 | 6.20 | 10.06 | 9.62 | 6.49 | (13.04) | (32.10) |
| Tax | 7.66 | (16.64) | 2.00 | 3.78 | 2.66 | 4.90 | (5.04) | (10.90) |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,161 | 1,142 | 1,091 | 1,151 | 1,170 | 1,256 | 1,196 | 1,166 |
| Revenue growth (YoY) | -0.8% | -9.1% | -8.8% | -1.3% | -3.1% | - | - | - |
| Other income | 8.88 | 17.00 | 13.93 | 9.54 | 11.68 | 9.41 | 8.04 | 10.06 |
| EBITDA | 90.14 | 69.42 | 57.98 | 72.42 | 72.78 | 71.28 | 50.62 | 38.13 |
| EBITDA margin | +7.8% | +6.1% | +5.3% | +6.3% | +6.2% | +5.7% | +4.2% | +3.3% |
| Depreciation | 39.12 | 38.48 | 37.39 | 38.98 | 38.66 | 38.32 | 39.35 | 40.82 |
| Interest | 32.59 | 30.74 | 30.14 | 31.77 | 34.77 | 35.98 | 33.58 | 35.82 |
| Profit before tax | 27.31 | 17.20 | 4.38 | 11.21 | 11.03 | 6.39 | (14.27) | (28.45) |
| Tax | 7.66 | (16.64) | 2.00 | 3.78 | 2.66 | 4.90 | (5.04) | (10.90) |
| Net profit | 19.65 | 33.84 | 2.38 | 7.43 | 8.37 | 1.49 | (9.23) | (17.55) |
| EPS (₹) | 4.16 | 7.18 | 0.50 | 1.58 | 1.78 | 0.31 | (1.96) | (3.72) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,554 | 4,826 | 4,058 | 3,789 | 3,817 | 2,326 | 2,771 |
| Revenue growth | -5.6% | +18.9% | +7.1% | -0.8% | +64.1% | -16.1% | - |
| Other income | 52.16 | 33.69 | 127 | 105 | 38.36 | 39.41 | 43.24 |
| Total expenses | 4,282 | 4,617 | 3,963 | 3,541 | 3,385 | 2,151 | 2,587 |
| Employee cost | 540 | 531 | 466 | 418 | 401 | 312 | 370 |
| EBITDA | 273 | 209 | 94.89 | 248 | 432 | 175 | 184 |
| EBITDA margin | +6.0% | +4.3% | +2.3% | +6.6% | +11.3% | +7.5% | +6.7% |
| Depreciation | 154 | 161 | 153 | 127 | 113 | 128 | 132 |
| Interest | 127 | 140 | 96.85 | 73.95 | 67.60 | 83.03 | 109 |
| Profit before tax | 43.84 | (58.31) | (28.29) | 152 | 290 | 3.49 | (12.53) |
| Tax | (8.18) | (18.29) | (7.23) | 28.67 | 43.50 | (17.36) | 0.89 |
| Net profit | 50.92 | (41.33) | (97.61) | 97.65 | 241 | 5.41 | (13.41) |
| Net profit margin | +1.1% | -0.9% | -2.4% | +2.6% | +6.3% | +0.2% | -0.5% |
| EPS (₹) | 11.04 | (8.50) | (4.47) | 26.08 | 104.55 | 8.84 | (5.70) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 47.10 | 47.10 | 47.10 | 47.10 | 23.55 | 23.55 | 23.55 |
| Reserves & surplus | 1,314 | 1,250 | 1,250 | 1,270 | 1,012 | 768 | 714 |
| Shareholders' funds (net worth) | 1,361 | 1,297 | 1,297 | 1,317 | 1,035 | 792 | 737 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 1,394 | 1,580 | 1,744 | 1,074 | 877 | 740 | 947 |
| Unsecured loans | 294 | 136 | 146 | 82.98 | 226 | 186 | 217 |
| Total debt | 1,688 | 1,716 | 1,890 | 1,157 | 1,103 | 926 | 1,164 |
| Total liabilities | 3,069 | 3,032 | 3,211 | 2,485 | 2,145 | 1,724 | 1,909 |
| Assets | |||||||
| Gross block | 2,461 | 2,379 | 2,258 | 1,824 | 1,544 | 1,503 | 1,503 |
| Net block | 1,526 | 1,546 | 1,574 | 1,115 | 943 | 921 | 1,027 |
| Capital work in progress | 68.28 | 31.14 | 32.01 | 183 | 143 | 7.40 | 7.21 |
| Investments | 351 | 283 | 246 | 124 | 126 | 122 | 91.39 |
| Inventories | 620 | 730 | 810 | 677 | 509 | 450 | 507 |
| Sundry debtors | 631 | 696 | 645 | 454 | 536 | 379 | 342 |
| Cash & bank balances | 10.74 | 10.92 | 7.89 | 5.11 | 8.68 | 7.43 | 6.77 |
| Loans & advances | 320 | 226 | 331 | 255 | 244 | 149 | 199 |
| Total current assets | 1,581 | 1,663 | 1,794 | 1,392 | 1,298 | 986 | 1,054 |
| Total current liabilities | 499 | 519 | 403 | 316 | 365 | 287 | 240 |
| Net working capital | 1,081 | 1,144 | 1,391 | 1,076 | 933 | 699 | 814 |
| Total assets | 3,069 | 3,032 | 3,211 | 2,485 | 2,145 | 1,724 | 1,909 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 10.33 | 4.42 | 3.21 | 5.88 | 2.94 | 1.99 | 10.65 |
| Net cash from operating activities | 435 | 426 | (75.78) | 88.92 | 210 | 320 | 231 |
| Net cash from investing activities | (217) | (113) | (362) | (239) | (318) | 6.65 | 150 |
| Net cash from financing activities | (222) | (307) | 439 | 147 | 111 | (326) | (390) |
| Net change in cash | (4.97) | 5.91 | 1.21 | (2.67) | 2.95 | 0.95 | (8.66) |
| Closing cash | 10.74 | 10.92 | 7.89 | 5.11 | 8.68 | 7.43 | 6.77 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -5.6% | +18.9% | +7.1% | -0.8% | +64.1% | -16.1% | - |
| EBITDA growth | +30.6% | +120.0% | -61.8% | -42.6% | +147.2% | -5.2% | - |
| PBT growth | +9998.0% | -106.1% | - | -47.7% | +8201.7% | +9998.0% | +73.3% |
| Net income growth | +223.2% | +57.7% | -200.0% | -59.5% | +4356.6% | +140.3% | - |
| Revenue CAGR (3Y) | +6.3% | +8.1% | +20.4% | +11.0% | +8.8% | -7.5% | -2.5% |
| EBITDA CAGR (3Y) | +3.2% | -21.5% | -18.4% | +10.4% | +38.0% | -8.3% | -17.3% |
| Profitability & leverage | |||||||
| Net income margin | +1.1% | -0.8% | -0.5% | +3.2% | +6.5% | +0.9% | -0.5% |
| Return on capital employed | +5.6% | +2.6% | -0.5% | +8.1% | +18.5% | +3.9% | +3.8% |
| Return on net worth | +3.9% | -3.1% | -7.5% | +8.3% | +27.0% | +0.7% | -1.8% |
| Debt / equity | 1.28 | 1.39 | 1.17 | 0.96 | 1.11 | 1.37 | 1.71 |
| Long-term debt / equity | 0.48 | 0.53 | 0.48 | 0.41 | 0.44 | 0.54 | 0.69 |
| Interest cover | 106.99 | 291.39 | -166.18 | 61.22 | 21.19 | 176.25 | 205.75 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.88 | 2.08 | 1.99 | 2.25 | 2.51 | 1.55 | 1.83 |
| Inventory turnover | 6.75 | 6.27 | 5.46 | 6.39 | 7.96 | 4.86 | 5.90 |
| Debtors turnover | 6.87 | 7.20 | 7.38 | 7.65 | 8.34 | 6.46 | 6.97 |
| EPS (₹) | 11.04 | (8.50) | (4.47) | 26.08 | 104.55 | 8.84 | (5.70) |
| Dividend per share (₹) | 0.00 | 0.00 | 5.00 | 5.00 | 25.00 | 0.00 | 0.00 |
| Book value per share (₹) | 288.96 | 275.40 | 275.44 | 279.61 | 439.66 | 336.22 | 313.09 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,161 | 1,142 | 1,093 | 1,150 | 1,169 | 1,256 | 1,196 | 1,166 |
| Revenue growth (YoY) | -0.7% | -9.1% | -8.6% | -1.4% | -3.2% | - | - | - |
| Other income | 8.86 | 16.86 | 13.67 | 9.13 | 11.57 | 8.71 | 7.31 | 6.72 |
| Total expenses | 1,076 | 1,074 | 1,035 | 1,080 | 1,100 | 1,186 | 1,145 | 1,130 |
| EBITDA | 85.21 | 68.22 | 58.02 | 69.64 | 69.44 | 70.04 | 50.51 | 35.71 |
| EBITDA margin | +7.3% | +6.0% | +5.3% | +6.1% | +5.9% | +5.6% | +4.2% | +3.1% |
| Depreciation | 38.22 | 37.59 | 36.49 | 38.08 | 37.76 | 37.42 | 38.46 | 39.92 |
| Interest | 31.45 | 29.58 | 29.00 | 30.63 | 33.63 | 34.84 | 32.40 | 34.61 |
| Profit before tax | 24.40 | 17.91 | 6.20 | 10.06 | 9.62 | 6.49 | (13.04) | (32.10) |
| Tax | 7.66 | (16.64) | 2.00 | 3.78 | 2.66 | 4.90 | (5.04) | (10.90) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,554 | 4,825 | 4,057 | 3,789 | 3,817 | 2,326 | 2,771 |
| Revenue growth | -5.6% | +18.9% | +7.1% | -0.8% | +64.1% | -16.1% | - |
| Other income | 51.23 | 29.35 | 173 | 91.44 | 32.12 | 39.41 | 79.33 |
| Total expenses | 4,289 | 4,622 | 3,961 | 3,541 | 3,385 | 2,150 | 2,587 |
| Employee cost | 540 | 530 | 466 | 418 | 401 | 312 | 370 |
| EBITDA | 265 | 203 | 96.14 | 248 | 432 | 176 | 184 |
| EBITDA margin | +5.8% | +4.2% | +2.4% | +6.6% | +11.3% | +7.6% | +6.7% |
| Depreciation | 150 | 157 | 150 | 127 | 113 | 128 | 132 |
| Interest | 123 | 135 | 92.13 | 73.95 | 67.60 | 83.03 | 109 |
| Profit before tax | 43.80 | (59.58) | 27.70 | 138 | 283 | 4.27 | 23.56 |
| Tax | (8.18) | (18.29) | (7.23) | 28.67 | 43.50 | (17.36) | 0.89 |
| Net profit | 50.87 | (42.60) | (102) | 85.57 | 235 | 6.19 | (16.10) |
| Net profit margin | +1.1% | -0.9% | -2.5% | +2.3% | +6.2% | +0.3% | -0.6% |
| EPS (₹) | 11.04 | (8.76) | 7.41 | 23.27 | 101.90 | 9.18 | 9.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 47.10 | 47.10 | 47.10 | 47.10 | 23.55 | 23.55 | 23.55 |
| Reserves & surplus | 1,325 | 1,261 | 1,262 | 1,221 | 975 | 738 | 682 |
| Shareholders' funds (net worth) | 1,372 | 1,308 | 1,309 | 1,268 | 999 | 761 | 706 |
| Secured loans | 1,394 | 1,523 | 1,687 | 1,074 | 877 | 740 | 947 |
| Unsecured loans | 139 | 103 | 96.34 | 82.98 | 226 | 186 | 217 |
| Total debt | 1,533 | 1,626 | 1,783 | 1,157 | 1,103 | 926 | 1,164 |
| Total liabilities | 2,925 | 2,952 | 3,116 | 2,436 | 2,108 | 1,693 | 1,878 |
| Assets | |||||||
| Gross block | 2,338 | 2,284 | 2,163 | 1,824 | 1,544 | 1,503 | 1,503 |
| Net block | 1,414 | 1,459 | 1,482 | 1,115 | 943 | 921 | 1,027 |
| Capital work in progress | 63.43 | 31.14 | 32.01 | 183 | 143 | 7.40 | 7.21 |
| Investments | 372 | 286 | 250 | 75.01 | 89.27 | 91.59 | 59.90 |
| Inventories | 620 | 730 | 810 | 677 | 509 | 450 | 507 |
| Sundry debtors | 631 | 696 | 645 | 454 | 536 | 379 | 342 |
| Cash & bank balances | 4.31 | 10.46 | 7.84 | 5.11 | 8.68 | 7.43 | 6.77 |
| Loans & advances | 273 | 226 | 318 | 255 | 244 | 149 | 199 |
| Total current assets | 1,527 | 1,663 | 1,781 | 1,392 | 1,298 | 986 | 1,054 |
| Total current liabilities | 494 | 513 | 397 | 316 | 365 | 287 | 240 |
| Net working capital | 1,033 | 1,150 | 1,384 | 1,076 | 933 | 699 | 814 |
| Total assets | 2,925 | 2,952 | 3,116 | 2,436 | 2,108 | 1,693 | 1,878 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 9.86 | 4.37 | 3.21 | 5.88 | 2.94 | 1.99 | 10.30 |
| Net cash from operating activities | 428 | 410 | (71.84) | 88.92 | 210 | 320 | 231 |
| Net cash from investing activities | (196) | (113) | (362) | (239) | (318) | 6.65 | 151 |
| Net cash from financing activities | (238) | (291) | 435 | 147 | 111 | (326) | (390) |
| Net change in cash | (6.09) | 5.50 | 1.16 | (2.67) | 2.95 | 0.95 | (8.32) |
| Closing cash | 4.31 | 10.46 | 7.84 | 5.11 | 8.68 | 7.43 | 6.77 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -5.6% | +18.9% | +7.1% | -0.8% | +64.1% | -16.1% | - |
| EBITDA growth | +30.4% | +111.6% | -61.3% | -42.6% | +146.1% | -4.8% | - |
| PBT growth | +9998.0% | - | -80.0% | -51.2% | +6539.1% | -81.9% | +9998.0% |
| Net income growth | +219.4% | +58.3% | -219.3% | -63.6% | +3694.7% | +138.5% | - |
| Revenue CAGR (3Y) | +6.3% | +8.1% | +20.4% | +11.0% | +8.8% | -7.5% | -2.5% |
| EBITDA CAGR (3Y) | +2.3% | -22.2% | -18.2% | +10.4% | +34.2% | -8.2% | -17.3% |
| Profitability & leverage | |||||||
| Net income margin | +1.1% | -0.9% | +0.9% | +2.9% | +6.3% | +0.9% | +0.8% |
| Return on capital employed | +5.7% | +2.5% | -0.8% | +7.7% | +18.5% | +4.0% | +3.7% |
| Return on net worth | +3.9% | -3.2% | -7.9% | +7.6% | +27.3% | +0.8% | -2.2% |
| Debt / equity | 1.18 | 1.30 | 1.14 | 1.00 | 1.15 | 1.42 | 1.75 |
| Long-term debt / equity | 0.39 | 0.46 | 0.46 | 0.43 | 0.45 | 0.56 | 0.71 |
| Interest cover | 106.44 | 291.82 | -172.37 | 61.22 | 21.19 | 173.38 | 205.75 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.97 | 2.17 | 2.04 | 2.25 | 2.51 | 1.55 | 1.84 |
| Inventory turnover | 6.75 | 6.26 | 5.45 | 6.39 | 7.96 | 4.86 | 5.90 |
| Debtors turnover | 6.87 | 7.20 | 7.38 | 7.65 | 8.34 | 6.46 | 6.98 |
| EPS (₹) | 11.04 | (8.76) | 7.41 | 23.27 | 101.90 | 9.18 | 9.62 |
| Dividend per share (₹) | 0.00 | 0.00 | 5.00 | 5.00 | 25.00 | 0.00 | 0.00 |
| Book value per share (₹) | 291.21 | 277.66 | 277.97 | 269.29 | 423.99 | 323.20 | 299.71 |
To see the full year-wise statements and ratios of RSWM Limited, buy the company report.
Board of directors of RSWM Limited
RSWM has 10 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Kumar Churiwal Also directs: BSL Ltd, Churiwala Properties and Investments Pvt Ltd, Akunth Textile Processors Private Limited and 4 more | Director | 23 Oct 2003 | 23 Years 0 Months | Current |
| Archana Capoor Also directs: Bhilwara Technical Textiles Limited, S Chand and Company Limited, Samhi Hotels Limited and 5 more | Director | 13 Feb 2018 | 8 Years 8 Months | Current |
| Ravi Jhunjhunwala Also directs: BSL Ltd, RLJ Family Trusteeship Private Limited, Sklnj Family Trustee Private Limited and 5 more | Director | 18 May 1979 | 47 Years 5 Months | Current |
| Riju Jhunjhunwala Also directs: RLJ Family Trusteeship Private Limited, RRJ Family Trustee Private Limited, Riju Advisory and Consulting LLP and 5 more | Managing Director | 23 Oct 2003 | 23 Years 0 Months | Current |
| Shekhar Agarwal | Director | 13 Feb 1984 | 42 Years 8 Months | Current |
| Suman Jyoti Khaitan Also directs: Maral Overseas Limited, Khaitan Chemicals and Fertilizers Limited, Occl Limited and 2 more | Director | 09 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
RSWM Limited is compared with the 7 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Swan Corp Limited | ₹6,883.68 Cr (FY 2025) | 35.0% | Mumbai, Maharashtra, India | |||
| K.P.R. Mill Limited | ₹6,462.26 Cr (FY 2025) | 5.0% | Coimbatore, Tamil Nadu, India | |||
| Wellknown Polyesters Limited | ₹6,403.95 Cr (FY 2025) | 16.0% | Nani Daman, Daman and Diu, India | |||
| RSWM Limitedthis company | ₹4,554.13 Cr (FY 2026) | ₹50.92 Cr | 1.1% | -5.6% | 15,206 | Bhilwara, Rajasthan, India |
| Pearl Global Industries Limited | ₹4,539.84 Cr (FY 2025) | 31.0% | Gurgaon, Haryana, India | |||
| Indo Rama Synthetics (India) Limited | ₹4,287.96 Cr (FY 2025) | 11.0% | Butibori, Maharashtra, India | |||
| Filatex India Limited | ₹4,273.06 Cr (FY 2025) | -1.0% | Dadra, Dadra and Nagar Haveli, India | |||
| Indo Count Industries Limited | ₹4,190.9 Cr (FY 2025) | 16.0% | Kolhapur, Maharashtra, India |
To see the full peer comparison of RSWM Limited, buy the company report.
Auditor
RSWM Limited is audited by Lodha & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Lodha & Co. | FY 2023 | 301051E |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 55.70%, foreign institutional investors hold 1.00%, domestic institutional investors hold 0.70% and retail and other public shareholders hold 42.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 55.70% | 55.70% | 55.70% | 55.70% |
| Public | 44.30% | 44.30% | 44.30% | 44.30% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2026 | 101234686 | Others | ₹20 Cr | Open | |
| 29 Jan 2026 | 101237131 | Others | ₹75 Cr | Open | |
| 24 Dec 2025 | 101213561 | Others | ₹50 Cr | Open | |
| 26 Jun 2025 | 101121652 | Others | ₹75 Cr | Open | |
| 06 Mar 2024 | 100892131 | Others | ₹50 Cr | Open |
To see the full charge records of RSWM Limited, buy the company report.
Total charge records: 130 View all charges
Deals & funding
RSWM Limited has 34 deals on record (26 market trades, 3 acquisitions, 2 funding rounds), with disclosed funding of ₹7.31 Cr; the latest was in August 2024.
Deals on record (5 of 34)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Market trade | ₹8.42 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Jul 2024 | Market trade | ₹6.54 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Nov 2023 | Market trade | ₹4.86 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Sep 2021 | Market trade | ₹35.65 Cr | Buyer: Bharat Investment Growth Limited , LNJ Financial Services Limited Seller: an individual |
| Aug 2021 | Acquisition | Undisclosed | Buyer: Donear Industries Limited Seller: RSWM Limited |
To see the full deal history of RSWM Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
RSWM Limited has 531 court cases on record: 386 filed by RSWM, 145 filed against it. 98 cases are pending and 433 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 274 | 75 | 49 |
| District courts | 243 | 59 | 46 |
| Supreme Court | 9 | 6 | 2 |
| NCLT | 5 | 5 | 1 |
Cases on record (5 of 531)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against LNJ Power Ventures Limited | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by M/S LNJ Power Ventures Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against M/S LNJ Power Ventures Limited | Disposed |
| Supreme Court | Court case (Review Petition (Civil)) | Filed by the company against Ancl and Co. (India) Pvt. Ltd. | Disposed |
| District court, Bhilwara, Rajasthan | Revision petition | Filed against the company by an individual | Pending |
To see the full case history of RSWM Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
RSWM Limited was last rated by Indiarating on 01 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 01 Feb 2022 |
To see the full credit ratings and regulatory alerts of RSWM Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for RSWM Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
RSWM has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
RSWM Limited has a workforce of 15,206 employees on its EPFO records as of Apr 04, 2024, across 10 active EPFO establishments.
GST
RSWM has 15 GST registrations: 8 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAACR9700M1Z3 | Rajasthan | Active | 01 Jul 2017 |
| 03AAACR9700M1ZD | Punjab | Active | 01 Jul 2017 |
| 09AAACR9700M1Z1 | Uttar Pradesh | Active | 01 Jul 2017 |
| 19AAACR9700M1Z0 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of RSWM Limited, buy the company report.
Recent activity
RSWM Limited has 48 board changes on record since 1960: 30 appointments and 18 cessations. The latest: Rajeev Gupta was appointed as Managing Director on 12 Feb 2025.
362 earlier events are in the company report.
News
Frequently asked questions
RSWM is an active public limited company based in Bhilwara, Rajasthan, India. The company works in leather, within the apparel and fashion industry. It was incorporated on 17 October 1960 (66+ years old) and is registered under CIN L17115RJ1960PLC008216. Listed on BSE: 500350 and NSE: RSWM.
RSWM reported revenue of ₹4,554.13 Cr for FY 2025-26 (down 5.6% YoY) based on consolidated financials.
RSWM has 10 current directors:
- Riju Jhunjhunwala - Managing Director
- Rajeev Gupta - Managing Director
- Arun Kumar Churiwal - Director
- Archana Capoor - Director
- Ravi Jhunjhunwala - Director
- Shekhar Agarwal - Director
- Suman Jyoti Khaitan - Director
- Sunil Dharamvir Dhawan - Director
- Thomas Varghese - Director
- Surya Kant Gupta - Director
The latest financial statements of RSWM on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 05 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of RSWM is 08AAACR9700M1Z3, registered in Rajasthan. The company has 15 GST registrations in all, of which 8 are active and 7 are cancelled or inactive. Other active GSTINs include 03AAACR9700M1ZD (Punjab), 09AAACR9700M1Z1 (Uttar Pradesh), 19AAACR9700M1Z0 (West Bengal).
The CIN (Corporate Identification Number) of RSWM is L17115RJ1960PLC008216. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. RSWM is a listed company as per MCA records. Its shares are listed on both BSE (code: 500350) and NSE (symbol: RSWM).
RSWM has 531 court cases on record: 386 filed by the company and 145 filed against it. 98 are pending. Most are in the high courts.
RSWM was incorporated on 17 October 1960, making it 66+ years old. It is registered with the Registrar of Companies, Jaipur.
RSWM has 34 deals on record (26 market trades, 3 acquisitions, 2 funding rounds), with disclosed funding of ₹7.31 Cr; the latest was in August 2024.
The peers of RSWM by revenue are Swan Corp Limited, K.P.R. Mill Limited, Wellknown Polyesters Limited, Pearl Global Industries Limited, Indo Rama Synthetics (India) Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).