Synopsis: Aastha Spintex’s board will meet on July 23 to consider a 1:1 bonus share issue and a final dividend of up to ₹10 per share.
This Micro-cap Textile Stock, engaged in manufacturing premium cotton yarns, cotton bales, and value-added textile products, serving textile manufacturers, exporters, and fabric processors across various end-use industries, hit a 20 percent upper circuit after the company considered a bonus issue and a 100 percent dividend.
With a market capitalization of Rs. 569.88 crores, the shares of Aastha Spintex Limited hit a 20 percent upper circuit of Rs. 129.80 per share on Tuesday, up from its previous closing price of Rs. 108.20 per share. Since then, the stock has retreated and is currently trading at Rs. 129.05 per equity share.
Reason Behind the Surge
Aastha Spintex Limited has informed that its Board of Directors will meet on July 23, 2026, to consider key proposals aimed at enhancing shareholder value. The Board will discuss the issuance of bonus equity shares in the ratio of up to 1:1, allowing eligible shareholders to receive one additional share for every share held. It will also consider recommending a final dividend of up to 100 percent, or Rs. 10 per equity share with a face value of Rs. 10, subject to approval.
Product Portfolio
Aastha Spintex offers a wide range of textile products, including ring-spun combed compact yarns, ring-spun carded yarns, and cotton bales. Its premium yarns are used in apparel and home textiles, while standard yarns are suitable for casual wear and fabrics.
The company also generates additional revenue by selling by-products such as cotton seeds and yarn waste, which are used in oil extraction, animal feed, open-end spinning, padding, and mopping applications.
Company Overview
Aastha Spintex Limited is a textile company engaged in manufacturing 100 percent cotton yarn and cotton bales. Its product range includes carded, combed, and compact combed cotton yarn (Ne 26 to Ne 40).
The company follows an integrated process that starts with raw cotton procurement, followed by ginning, spinning, and final packaging. It supplies products to textile manufacturers, yarn exporters, and fabric processors serving industries such as denim, bed sheets, towels, socks, sweaters, and home textiles.
The company also focuses on sustainable operations by using rooftop solar, ground-mounted solar, and wind power, helping reduce production costs. Aastha Spintex has delivered strong financial performance, achieving the highest return on capital employed (ROCE) and return on net worth (RONW) among its peers in FY2025. The company is also benefiting from government incentive schemes and continues to strengthen its position through efficient manufacturing and a growing customer base.
Recent Quarter Results
Coming into financial highlights, Aastha Spintex Limited’s revenue has increased from Rs. 305 crore in FY24 to Rs. 351 crore in FY25, which has grown by 15.08 percent. The net profit has also grown by 50 percent from Rs. 16 crore in FY24 to Rs. 24 crore in FY25.
Aastha Spintex Limited’s revenue and net profit have grown at a CAGR of 11 percent and 26 percent, respectively, over the last three years. In terms of return ratios, the company’s ROCE and ROE stand at 22.8 percent and 23.8 percent, respectively. Aastha Spintex Limited has an earnings per share (EPS) of Rs. 7.97, and its debt-to-equity ratio is 0.79x.
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