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Spentex Industries Limited
(CLCIND)
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Rating:49Neutral
Price Target:
₹31.00
▲(1007.14% Upside)
Action:Reiterated
Date:08/22/26
The score is held down primarily by weak financial performance—ongoing losses, negative operating/free cash flow, and extremely high leverage with a thin equity cushion. Technicals provide partial support due to strong near-term momentum, but the very overbought RSI raises pullback risk. Valuation is also constrained by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Revenue recovery
The return to year-over-year revenue growth indicates that product demand and sales activity recovered after a weak prior period. If maintained, a larger revenue base can improve operating absorption, support customer relationships, and provide a foundation for restoring profitability over the next several quarters.
Negative Factors
Extreme leverage and thin equity base
The very small equity cushion leaves the company highly exposed to earnings volatility and makes the balance sheet less able to absorb further losses. Such leverage can restrict financial flexibility, increase pressure on cash resources, and limit the company’s ability to fund operations or invest in recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery
The return to year-over-year revenue growth indicates that product demand and sales activity recovered after a weak prior period. If maintained, a larger revenue base can improve operating absorption, support customer relationships, and provide a foundation for restoring profitability over the next several quarters.
Read all positive factors
Spentex Industries Limited (CLCIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹328.89M
Dividend YieldN/A
Average Volume (3M)37.00
Price to Earnings (P/E)―
Beta (1Y)0.03
Revenue Growth10.74%
EPS Growth95.44%
CountryIN
Employees21
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)-4.27
Shares Outstanding10,394,680
10 Day Avg. Volume20
30 Day Avg. Volume37
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)14.69
Price to Sales (P/S)0.05
P/FCF Ratio-1.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Spentex Industries Limited Business Overview & Revenue Model
Company Description
CLC Industries Limited, a textile company, engages in the manufacture and trading of synthetic and cotton yarns in India. The company was formerly known as Spentex Industries Limited and changed its name to CLC Industries Limited in July 2018. CLC...
How the Company Makes Money
Spentex Industries Limited primarily makes money by manufacturing textile yarn and selling it to customers in the textile supply chain (such as fabric mills, knitting/weaving units, and garment exporters), generating revenue from product sales. Ke...
Spentex Industries Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
12
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Sep 2023 | Mar 2022 | Mar 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.60B | 3.96B | 616.02M | 0.00 | 0.00 | 2.45B |
| Gross Profit | 277.44M | 218.23M | 17.68M | -751.00K | -614.00K | 363.36M |
| EBITDA | 49.00M | 5.07M | -394.51M | -19.37M | -21.11M | -75.41M |
| Net Income | -44.39M | -87.65M | -462.48M | -109.44M | -114.58M | -551.89M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 991.67M | 1.03B | 2.03B | 2.12B | 2.44B |
| Cash, Cash Equivalents and Short-Term Investments | 66.01M | 66.01M | 54.26M | 18.68M | 19.67M | 467.90M |
| Total Debt | 0.00 | 698.81M | 546.05M | 4.89B | 5.36B | 8.21B |
| Total Liabilities | -12.49M | 979.18M | 930.13M | 7.51B | 7.49B | 10.99B |
| Stockholders Equity | 12.49M | 12.49M | 100.09M | -5.48B | -5.37B | -8.55B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -109.23M | -283.76M | -995.00K | -44.27M | 60.54M |
| Operating Cash Flow | 0.00 | -82.53M | -217.49M | -995.00K | -44.27M | 68.23M |
| Investing Cash Flow | 0.00 | -2.43M | 50.00M | 0.00 | 89.00K | -3.51M |
| Financing Cash Flow | 0.00 | 96.22M | 163.85M | 0.00 | 0.00 | -73.87M |
Spentex Industries Limited Technical Analysis
Positive
2.80
Price Trends
22.50
Positive
19.07
Positive
87.47
Negative
Market Momentum
1.76
Negative
99.83
Negative
76.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CLCIND, the sentiment is Positive. The current price of 2.8 is below the 20-day moving average (MA) of 25.03, below the 50-day MA of 22.50, and below the 200-day MA of 87.47, indicating a neutral trend. The MACD of 1.76 indicates Negative momentum. The RSI at 99.83 is Negative, neither overbought nor oversold. The STOCH value of 76.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CLCIND.
Spentex Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹2.30B | 23.81 | ― | 0.34% | -0.02% | -26.96% | |
58 Neutral | ₹2.71B | 9.14 | ― | ― | 23.44% | -27.95% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹12.79B | 90.00 | ― | 0.06% | ― | ― | |
49 Neutral | ₹328.89M | -11.46 | ― | ― | 10.74% | 95.44% | |
48 Neutral | ₹4.61B | 32.29 | ― | ― | ― | ― | |
46 Neutral | ₹6.44B | 51.07 | ― | 3.31% | 71.20% | ― |
* General Sector Average
IN:CLCIND
Spentex Industries Limited
31.64
-229.36
-87.88%
IN:ABCOTS
AB Cotspin India Ltd.
207.70
-232.70
-52.84%
IN:GLOSTERLTD
Gloster Ltd.
604.85
-37.50
-5.84%
IN:PASHUPATI
Pashupati Cotspin Ltd.
81.00
13.80
20.53%
IN:SHIVATEX
Shiva Texyarn Limited
181.70
-3.34
-1.81%
IN:RNBDENIMS
R&B Denims Ltd
9.70
-26.72
-73.37%
Spentex Industries Limited Corporate Events
CLC Industries Files SEBI Compliance Certificate for June Quarter
Jul 11, 2026
CLC Industries Limited has submitted to the NSE and BSE a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 2026. The certificate, issued by its registrar an...
CLC Industries Files SEBI-Mandated Insider Trading Compliance Certificate
Jul 11, 2026
CLC Industries Limited has submitted a Compliance Certificate confirming proper maintenance of its Structural Digital Database under Regulations 3(5) and 3(6) of the SEBI Prohibition of Insider Trading Regulations, 2015, for the quarter ended 30 J...
CLC Industries Shuts Trading Window Ahead of June-Quarter Results
Jun 28, 2026
CLC Industries Limited has announced the closure of its trading window for directors, designated persons and other connected individuals from July 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and the company’...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.