---
title: "Arrow Textiles Ltd(Merged) (ARROWTEX) — Share Price, Financials & Analysis"
symbol: "ARROWTEX"
company: "Arrow Textiles Ltd(Merged)"
canonical: "https://tapetide.com/stocks/ARROWTEX"
isin: "INE933J01015"
nse_symbol: "ARROWTEX"
generated_at: "2026-09-13T22:39:09.550Z"
---

# Arrow Textiles Ltd(Merged) (ARROWTEX)

Canonical page: https://tapetide.com/stocks/ARROWTEX

## Company

- **NSE Symbol:** ARROWTEX
- **ISIN:** INE933J01015
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** arrowtextiles.com

## About

Arrow Textiles is engaged in manufacturing of textile woven labels, fabric printed labels and elastic / woven tape.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.53 times its book value

### Weaknesses

- The company has delivered a poor sales growth of 0.28% over past five years.
- Company has a low return on equity of 5.40% over last 3 years.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -93% | -44% | -24% |
| revenue growth | 7% | -5% | 0% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 11.55 | 12.04 | 10.11 | 8.39 | 10.17 | 10.98 | 11.43 | 9.48 | 11.2 | 10.31 | 12.49 | 11.05 |
| Expenses | 9.56 | 9.27 | 8.87 | 7.9 | 8.59 | 8.1 | 9.54 | 8.86 | 9.97 | 9.18 | 11.55 | 11.01 |
| Operating Profit | 1.99 | 2.77 | 1.24 | 0.49 | 1.58 | 2.88 | 1.89 | 0.62 | 1.23 | 1.13 | 0.94 | 0.04 |
| OPM % | 17.23 | 23.01 | 12.27 | 5.84 | 15.54 | 26.23 | 16.54 | 6.54 | 10.98 | 10.96 | 7.53 | 0.36 |
| Other Income | 0.14 | 0.93 | 0.41 | 0.35 | 0.2 | 0.26 | 0.19 | 0.23 | 0.06 | 0.16 | 0.16 | 0.42 |
| Interest | 0.23 | 0.13 | 0.11 | 0.11 | 0.09 | 0.11 | 0.08 | 0.09 | 0.06 | 0.06 | 0.05 | 0.05 |
| Depreciation | 1.01 | 0.95 | 1.11 | 1.11 | 1.11 | 1.13 | 1.09 | 0.96 | 0.92 | 0.89 | 0.9 | 0.88 |
| Profit before tax | 0.89 | 2.62 | 0.43 | -0.38 | 0.58 | 1.9 | 0.91 | -0.2 | 0.31 | 0.34 | 0.15 | -0.47 |
| Tax % | 33.71 | 33.59 | 37.21 | -23.68 | 24.14 | 37.37 | 29.67 | -5 | 29.03 | -5.88 | 26.67 | 14.89 |
| Net Profit | 0.59 | 1.74 | 0.27 | -0.28 | 0.43 | 1.19 | 0.65 | -0.19 | 0.22 | 0.36 | 0.11 | -0.55 |
| EPS in Rs | 0.31 | 0.92 | 0.14 | -0.15 | 0.23 | 0.63 | 0.34 | -0.1 | 0.12 | 0.19 | 0.06 | -0.29 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 29.3 | 31.87 | 36.83 | 41.83 | 47.81 | 49.02 | 47.33 | 39.65 | 42.42 | 45.05 |
| Expenses | 21.79 | 25.79 | 28.52 | 32.6 | 35.69 | 36.93 | 38.35 | 33.47 | 37.56 | 41.71 |
| Operating Profit | 7.51 | 6.08 | 8.31 | 9.23 | 12.12 | 12.09 | 8.98 | 6.18 | 4.86 | 3.34 |
| OPM % | 25.63 | 19.08 | 22.56 | 22.07 | 25.35 | 24.66 | 18.97 | 15.59 | 11.46 | 7.41 |
| Other Income | 0.35 | 1.41 | 0.46 | 0.81 | 0.02 | 1.43 | 1.41 | 1.22 | 0.64 | 0.8 |
| Interest | 1.76 | 2.88 | 2.85 | 1.6 | 1.31 | 1.24 | 0.69 | 0.41 | 0.28 | 0.22 |
| Depreciation | 3.31 | 4.32 | 4.46 | 3.17 | 3.9 | 4.2 | 3.95 | 4.46 | 3.86 | 3.59 |
| Profit before tax | 2.79 | 0.29 | 1.46 | 5.27 | 6.93 | 8.08 | 5.75 | 2.53 | 1.36 | 0.33 |
| Tax % | 50.9 | 193.1 | -104.11 | 32.07 | 31.75 | 34.28 | 32.7 | 36.76 | 24.26 | — |
| Net Profit | 1.37 | -0.27 | 2.98 | 3.57 | 4.73 | 5.31 | 3.88 | 1.61 | 1.04 | 0.14 |
| EPS in Rs | 0.72 | -0.14 | 1.57 | 1.88 | 2.49 | 2.79 | 2.04 | 0.85 | 0.55 | 0.08 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 35.86 | 73.61 | 177.39 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 13.6 | 13.6 | 19.04 | 19.04 | 19.04 | 19.04 | 19.04 | 19.04 | 19.04 | 19.04 |
| Reserves | -1 | 0.37 | 0.11 | 3.09 | 6.66 | 11.23 | 14.27 | 18.12 | 16.34 | 13.89 |
| Borrowings | 7.18 | 20.4 | 18.51 | 17.49 | 8.54 | 12.9 | 5.65 | 4.22 | 3.01 | 1.81 |
| Other Liabilities | 10.3 | 7.41 | 5.52 | 4.3 | 4.8 | 5.14 | 7.71 | 6.22 | 5.66 | 6.4 |
| Total Liabilities | 30.08 | 41.78 | 43.18 | 43.92 | 39.04 | 48.31 | 46.67 | 47.6 | 44.05 | 41.14 |
| Fixed Assets | 17.84 | 27.44 | 24.86 | 22.53 | 20.42 | 24.38 | 21.02 | 18.24 | 16.17 | 13.42 |
| CWIP | 0.96 | 0.06 | 0.35 | 0 | 0.1 | 0 | 0 | 0 | 0.35 | 0 |
| Investments | 0 | 0 | 1.39 | 1.49 | 0 | 4 | 6.05 | 10.12 | 6.62 | 6.47 |
| Other Assets | 11.28 | 14.28 | 16.58 | 19.9 | 18.52 | 19.93 | 19.6 | 19.24 | 20.91 | 21.25 |
| Total Assets | 30.08 | 41.78 | 43.18 | 43.92 | 39.04 | 48.31 | 46.67 | 47.6 | 44.05 | 41.14 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 2.91 | 4.55 | 4.38 | 5.4 | 9.91 | 10.72 | 7.97 | 9.03 | 3.35 | 5.8 |
| Cash from Investing Activity | -1.18 | -12.91 | -2.29 | -1.58 | 0.4 | -11.9 | -1.48 | -4.04 | 1.36 | 0.22 |
| Cash from Financing Activity | -1.8 | 8.29 | -2 | -3.86 | -10.57 | 3.11 | -8.51 | -4.4 | -5.07 | -4.94 |
| Net Cash Flow | -0.07 | -0.07 | 0.09 | -0.04 | -0.26 | 1.93 | -2.01 | 0.6 | -0.36 | 1.08 |
| Free Cash Flow | 1.37 | -8.67 | 3.04 | 3.61 | 8.71 | 2.75 | 7.11 | 7.93 | 0.22 | 5.37 |
| CFO/OP | 81 | 61 | 72 | 71 | 123 | 88 | 84 | 126 | 74 | 132 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 109.95 | 95.8 | 115.9 | 126.56 | 91.97 | 86.04 | 92.85 | 88.53 | 110.65 | 102.31 |
| Inventory Days | 103.05 | 135.37 | 129.47 | 121.83 | 110.53 | 96.84 | 115.21 | 115.9 | 176.55 | 138.8 |
| Days Payable | 73.07 | 40.18 | 40.04 | 28.19 | 33.2 | 31.5 | 29.07 | 34.38 | 45.82 | 34.18 |
| Cash Conversion Cycle | 139.94 | 190.99 | 205.33 | 220.2 | 169.3 | 151.38 | 178.99 | 170.05 | 241.38 | 206.92 |
| Working Capital Days | 30.77 | 101.15 | 142.59 | 163.72 | 115.18 | 99.4 | 88.68 | 96.17 | 133.76 | 107.99 |
| ROCE % | 8.63 | 16.77 | 6.86 | 11.15 | 18.68 | 21.42 | 22.14 | 14.59 | 5.64 | 3.34 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Dec 2019 |
| --- | --- | --- | --- | --- |
| Promoters | 68.63% | 68.63% | 68.63% | 68.5% |
| DIIs | 0.06% | 0.06% | 0% | 0.05% |
| Public | 31.31% | 31.31% | 31.37% | 31.45% |
| No. of Shareholders | 12938 | 12550 | 12042 | 11976 |

### Quarterly

| Category | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 68.63% | 68.63% | 68.63% | 68.63% | 68.63% | 68.63% | 68.63% | 68.63% | 68.63% | 68.63% | 68.63% | 68.5% |
| DIIs | 0.06% | 0.09% | 0.06% | 0.01% | 0.06% | 0.01% | 0.06% | 0% | 0% | 0% | 0% | 0.05% |
| Public | 31.31% | 31.28% | 31.31% | 31.36% | 31.31% | 31.36% | 31.31% | 31.37% | 31.37% | 31.37% | 31.37% | 31.45% |
| No. of Shareholders | 12938 | 12615 | 12378 | 12573 | 12550 | 12184 | 12068 | 12069 | 12042 | 12003 | 11920 | 11976 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 9.32 | Sell |
| EMA (10) | 9.29 | Sell |
| SMA (20) | 9.64 | Sell |
| EMA (20) | 9.52 | Sell |
| SMA (50) | 9.74 | Sell |
| EMA (50) | 9.77 | Sell |
| SMA (100) | 9.94 | Sell |
| EMA (100) | 10.3 | Sell |
| SMA (200) | 11.84 | Sell |
| EMA (200) | 12.52 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 39.13 | Neutral |
| MACD (12,26,9) | -0.25 | Sell |
| Stochastic (14,3,3) | 17.26 | Buy |
| ADX (14) | 11.26 | Neutral |
| Williams %R (14) | -78.79 | Neutral |
| ATR (14) | 0.61 | High Volatility |
| ROC (12) | -10 | Sell |
| Stoch RSI (14) | 31.57 | Neutral |
| UO (7,14,28) | 36.68 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Jan 2020 - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st December, 2019 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan 2020 - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st December, 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dd73c596-365f-46b7-8787-901bd5c8688e.pdf) |
| 7 Jan 2020 - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st December, 2019 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Jan 2020 - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st December, 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dd73c596-365f-46b7-8787-901bd5c8688e.pdf) |
| 28 Feb - Submission of E-copies of Newspaper Publication regarding completion of Dispatch of Postal Ballot Notice through email only | [Announcement under Regulation 30 (LODR)-Newspaper Publication 28 Feb - Submission of E-copies of Newspaper Publication regarding completion of Dispatch of Postal Ballot Notice through email only](https://www.bseindia.com/xml-data/corpfiling/AttachHis/26def2a1-61fb-4237-aa27-e2bbfce06bbd.pdf) |
| 23 Feb - MCA approved incorporation of Lohum Talbros CarbonTech Pvt Ltd on 22 Feb 2026 (JV with Lohum CleanTech). | [Announcement under Regulation 30 (LODR)-Updates on Joint Venture 23 Feb - MCA approved incorporation of Lohum Talbros CarbonTech Pvt Ltd on 22 Feb 2026 (JV with Lohum CleanTech).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d7acf883-96d3-4396-8687-fa1f29168fbb.pdf) |
| 19 Feb - Investor conference group meeting on 9 March 2026, 2-3pm IST in Mumbai by Arihant Conference. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 19 Feb - Investor conference group meeting on 9 March 2026, 2-3pm IST in Mumbai by Arihant Conference.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a15d21d3-55ea-45c6-b88a-df29df3dd801.pdf) |
| 17 Feb - Q3 FY26 transcript: consolidated revenue INR220cr, EBITDA INR39.8cr, INR1,000cr new orders, INR165cr planned FY27 capex. | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 17 Feb - Q3 FY26 transcript: consolidated revenue INR220cr, EBITDA INR39.8cr, INR1,000cr new orders, INR165cr planned FY27 capex.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d6d0e437-26d5-4e63-9097-01ec1c8bf1df.pdf) |
| 12 Feb - Submission of Newspaper publication of extract of Unaudited Financial Results of the Company for the Quarter and Nine months ended December 31, 2025 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Feb - Submission of Newspaper publication of extract of Unaudited Financial Results of the Company for the Quarter and Nine months ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19e75a7b-78b6-4a46-96af-a3dae6a5055c.pdf) |
| 12 Feb - Audio recording of Talbros Q3 & 9M FY26 earnings call uploaded on website (12 Feb 2026). | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 12 Feb - Audio recording of Talbros Q3 & 9M FY26 earnings call uploaded on website (12 Feb 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8bcab054-46c1-4652-b994-992e5f91abaf.pdf) |
| 11 Feb - Unaudited Q3/9M results; Chairman to step down Mar 31; Umesh, Anuj, Varun elevated; Ashish CEO from Apr 1, 2026. | [Intimation Of Cut-Off Date 11 Feb - Unaudited Q3/9M results; Chairman to step down Mar 31; Umesh, Anuj, Varun elevated; Ashish CEO from Apr 1, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e632a908-0124-48ed-b8e1-f1d711b7c678.pdf) |
| 11 Feb - Q3/9M Dec‑31,2025 results approved; Chairman to step down Mar31,2026; Umesh/Anuj/Varun promoted; CEO appointed; Rs337.49L solar investment. | [Approval Of The Draft Notice Of Postal Ballot To Seek Approval Of The Shareholders Of The Company 11 Feb - Q3/9M Dec‑31,2025 results approved; Chairman to step down Mar31,2026; Umesh/Anuj/Varun promoted; CEO appointed; Rs337.49L solar investment.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b9c656f9-bbef-4ac0-acce-392ddb650539.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2021 | [Concall - Sep 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5e96ba69-4540-45bc-aa96-7a2c8e18aef6.pdf) |
| Sep 2020 | [Concall - Sep 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51e8dc0f-196f-492b-a8d5-2d9d055f4ea2.pdf) |
| Sep 2019 | [Concall - Sep 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3d3586f5-f08e-4585-95d0-091d21ad2eb5.pdf) |
| Sep 2019 | [Concall - Sep 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c0c581d-e04c-4fb7-807b-d4fdff916bea.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7d639317-715f-4c5d-8f42-e46f544fe9ff.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8c6dd560-cd31-42ec-a069-c01aaefafb11.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/70db87b4-29c1-4751-996d-cb656ff1e908.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/120c194b-bebe-4c4b-942e-14947bbabbc4.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5d47d6d8-90e5-4989-bb84-656c9618a145.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/74b398d8-6a19-4d23-89b8-16561addc5d8.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1510_TALBROAUTO_2012_2013_05092013152445.zip) |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_ARROWTEX_2010_2011_07092011101010.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_ARROWTEX_2009_2010_09092010120000.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/136935d6-2529-4c86-a169-41a19a8993b6.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/075bba4a-8978-462c-8858-feea11f1a48d.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4dc4b197-4991-476d-ae3f-1c12634a0dd4.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/505160/74992505160.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/505160/70661505160.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/505160/65615505160.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/533068/5330680319.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T22:39:09.550Z.