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Ludlow Jute & Specialities (BSE 526179)₹292.00+2.10%Jute & Jute Products
In the Mar 2026 quarter (standalone), Ludlow Jute & Specialities reported sales of ₹148 Cr, up 56.4% from Mar 2025, and net profit of ₹1.39 Cr, down 45.1% year on year. For the year to Mar 2026, sales were ₹531 Cr and net profit ₹16.04 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 122 | 125 | 99.36 | 127 | 74.30 | 78.87 | 52.19 | 94.49 | 113 | 135 | 135 | 148 |
| Expenses | 121 | 124 | 98.51 | 130 | 78.47 | 78.18 | 50.71 | 84.43 | 101 | 121 | 126 | 140 |
| Operating Profit | 1.47 | 1.36 | 0.79 | −3.35 | −4.24 | 0.76 | 1.51 | 10.12 | 11.32 | 13.81 | 9.33 | 7.83 |
| OPM % | 1.2% | 1.1% | 0.8% | −2.6% | −5.7% | 1.0% | 2.9% | 10.7% | 10.0% | 10.2% | 6.9% | 5.3% |
| Other Income | 0.18 | 0.10 | 0.27 | 0.15 | 0.11 | 0.15 | 0.10 | 0.44 | 0.11 | 0.45 | 0.44 | −0.05 |
| Interest | 2.43 | 2.49 | 2.20 | 2.73 | 2.67 | 2.85 | 3.18 | 3.69 | 3.62 | 3.49 | 3.76 | 3.81 |
| Depreciation | 2.10 | 2.16 | 2.17 | 2.41 | 2.53 | 2.64 | 1.94 | 3.42 | 1.45 | 1.56 | 1.73 | 1.55 |
| Profit before tax | −2.93 | −3.24 | −3.36 | −8.39 | −9.38 | −4.64 | −3.56 | 3.41 | 6.34 | 9.19 | 4.24 | 2.41 |
| Tax % | −25.0% | −25.4% | −25.1% | −35.0% | −25.3% | −24.0% | −26.8% | 25.9% | 28.9% | 25.1% | 18.9% | 42.5% |
| Net Profit | −2.20 | −2.42 | −2.52 | −5.44 | −6.99 | −3.52 | −2.61 | 2.53 | 4.50 | 6.88 | 3.44 | 1.39 |
| EPS (Rs) | −2.04 | −2.25 | −2.34 | −5.05 | −6.49 | −3.27 | −2.42 | 2.35 | 4.18 | 6.38 | 3.17 | 1.29 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 358 | 358 | 333 | 368 | 414 | 418 | 580 | 546 | 474 | 300 | 531 | 530 |
| Expenses | 341 | 342 | 324 | 356 | 394 | 403 | 550 | 528 | 473 | 292 | 488 | 488 |
| Operating Profit | 17.04 | 17.05 | 9.02 | 11.02 | 19.04 | 14.03 | 30.04 | 17.03 | 0.00 | 8.02 | 42.07 | 42.29 |
| OPM % | 4.8% | 4.6% | 2.7% | 3.0% | 4.7% | 3.4% | 5.0% | 3.1% | 0.1% | 2.7% | 8.0% | 8.0% |
| Other Income | 0.00 | 2.01 | 3.01 | 2.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 0.95 |
| Interest | 2.99 | 2.99 | 3.99 | 5.99 | 6.99 | 6.99 | 5.99 | 6.99 | 9.99 | 11.99 | 14.99 | 14.68 |
| Depreciation | 5.99 | 4.99 | 4.99 | 5.99 | 6.99 | 7.99 | 8.98 | 7.98 | 8.98 | 10.98 | 5.99 | 6.29 |
| Profit before tax | 9.03 | 10.04 | 3.01 | 2.01 | 6.03 | 0.00 | 15.05 | 2.01 | −18.07 | −14.05 | 22.09 | 22.18 |
| Tax % | 35.0% | 33.0% | 39.0% | 29.0% | 17.0% | −200.0% | 24.0% | 36.0% | −30.0% | −25.0% | 27.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 6.02 | 7.02 | 2.01 | 2.01 | 5.01 | 0.00 | 12.02 | 1.01 | −13.03 | −11.03 | 16.04 | 16.21 |
| EPS (Rs) | 5.25 | 6.28 | 1.67 | 1.45 | 4.66 | 0.04 | 10.84 | 1.25 | −11.65 | −9.83 | 15.02 | 15.02 |
| Dividend payout % | 29.0% | 40.0% | 121.0% | 105.1% | 0.0% | 0.0% | 19.0% | 121.1% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.99 | 10.98 | 10.97 | 10.99 | 10.98 | 10.99 | 10.98 | 10.99 | 10.98 | 10.99 | 10.99 | 10.98 |
| Reserves | 25.04 | 29.04 | 147 | 148 | 148 | 151 | 152 | 165 | 166 | 154 | 157 | 175 |
| Borrowings | 23.95 | 39.97 | 44.91 | 62.89 | 74.91 | 96.82 | 98.88 | 97.84 | 121 | 120 | 147 | 214 |
| Other Liabilities | 55.88 | 43.82 | 36.83 | 33.84 | 56.73 | 71.65 | 79.61 | 57.72 | 68.67 | 79.61 | 39.81 | 52.75 |
| Total Liabilities | 116 | 124 | 240 | 256 | 290 | 331 | 341 | 331 | 366 | 365 | 355 | 451 |
| Fixed Assets | 29.98 | 25.98 | 142 | 146 | 151 | 158 | 161 | 170 | 180 | 190 | 192 | 212 |
| CWIP | 0.00 | 0.99 | 0.99 | 2.99 | 3.99 | 7.01 | 5.99 | 2.99 | 11.99 | 2.99 | 2.01 | 8.01 |
| Investments | 1.01 | 1.01 | 1.01 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 83.87 | 95.83 | 95.91 | 106 | 135 | 167 | 174 | 158 | 175 | 173 | 161 | 232 |
| Inventories | 61.16 | 62.15 | 59.15 | 63.17 | 88.18 | 116 | 116 | 98.18 | 133 | 124 | 110 | 150 |
| Trade receivables | 17.04 | 25.07 | 26.04 | 26.07 | 32.08 | 32.07 | 37.05 | 36.09 | 24.05 | 34.09 | 24.06 | 55.13 |
| Cash & equivalents | 1.99 | 1.99 | 0.99 | 1.99 | 0.99 | 1.01 | 2.99 | 2.01 | 1.99 | 0.99 | 0.99 | 3.99 |
| Total Assets | 116 | 124 | 240 | 256 | 290 | 331 | 341 | 331 | 366 | 365 | 355 | 451 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −4.99 | −11.99 | 14.97 | 2.99 | 1.99 | 5.99 | 22.99 | 22.98 | 11.98 | 18.99 | −4.99 | −17.99 |
| Cash from investing activity | −2.01 | −1.01 | −10.03 | −14.05 | −6.02 | −15.05 | −9.03 | −17.06 | −25.08 | −8.03 | −12.04 | −36.13 |
| Cash from financing activity | 8.01 | 13.01 | −5.01 | 12.01 | 3.01 | 9.01 | −11.99 | −7.99 | 12.99 | −12.01 | 16.99 | 54.03 |
| Net cash flow | 0.99 | 0.00 | −0.99 | 0.99 | −0.99 | 0.00 | 1.99 | −1.99 | 0.99 | −0.99 | 0.00 | 0.00 |
| Capex | 1.81 | 1.80 | 0.00 | 0.00 | 8.29 | 16.69 | 9.91 | 17.05 | 25.26 | 8.36 | 11.47 | 32.75 |
| Free cash flow | −7.02 | −14.05 | 15.05 | 3.01 | −6.02 | −11.04 | 13.03 | 6.01 | −13.03 | 11.02 | −17.05 | −50.17 |
| CFO / OP % | 88.0% | −53.0% | 106.0% | 45.0% | 37.0% | 46.0% | 145.0% | 90.0% | 77.0% | 7,624.0% | −65.0% | −42.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 26 | 25 | 26 | 27 | 30 | 27 | 32 | 22 | 15 | 25 | 28 | 36 |
| Inventory days | 173 | 107 | 107 | 124 | 152 | 176 | 163 | 99 | 149 | 164 | 244 | 164 |
| Days payable | 115 | 38 | 34 | 31 | 66 | 76 | 78 | 34 | 51 | 80 | 55 | 32 |
| Cash conversion cycle | 84 | 94 | 99 | 120 | 117 | 127 | 117 | 86 | 113 | 109 | 217 | 168 |
| Working capital days | 12 | 15 | 15 | 16 | 22 | 13 | 13 | 11 | 11 | −9 | 15 | 18 |
| ROCE % | −21.0% | 16.9% | 9.0% | 3.0% | 3.0% | 5.0% | 3.0% | 8.0% | 3.0% | −3.0% | −1.0% | 10.0% |
For the Mar 2026 quarter, Ludlow Jute & Specialities reported sales of ₹148 Cr, up 56.4% year on year and net profit of ₹1.39 Cr, down 45.1% year on year. The operating margin was 5.3%.
Ludlow Jute & Specialities' sales for the year to Mar 2026 were ₹531 Cr; over the last twelve months they were ₹530 Cr.
Net profit for the year to Mar 2026 was ₹16.04 Cr, and ₹16.21 Cr over the last twelve months. Earnings per share over the same trailing period were ₹15.02.
Ludlow Jute & Specialities reported borrowings of ₹214 Cr at Mar 2026, against cash and equivalents of ₹3.99 Cr.
Cash from operations was −₹17.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹50.17 Cr.