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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2024)
Investment Thesis
Birla Cotsyn (India) Limited is an 80-year-old Mumbai-based cotton and synthetic yarn manufacturer associated with the Yash Birla Group. The share price of ₹0.05 (five paise) is a strong indicator of extreme financial distress or dormancy. Investors should treat this as a near-zero value situation. Thorough verification of MCA active status, audited financials, and outstanding creditor claims is essential before any investment consideration.
Pros
Cons
Business Segments
Cotton Yarn Manufacturing
Production of spun cotton yarn for use in fabric weaving and knitting by downstream textile manufacturers
Synthetic / Blended Yarn
Manufacturing of polyester-cotton and other synthetic-blended yarn for textile applications
Revenue Model
If operational, Birla Cotsyn generates revenue through the manufacture and sale of cotton and synthetic yarn to fabric manufacturers and textile processors. Revenue is sensitive to raw cotton procurement costs, power costs, and prevailing yarn prices in domestic and export markets. Given the share price of ₹0.05, current revenue generation is highly uncertain.
Detailed Analysis
Growth Plans
Any corporate revival, merger, or asset sale within the Yash Birla Group could provide residual value
India's textile sector PLI scheme provides a macro positive, though dormant companies cannot benefit directly
Potential land or factory asset value if manufacturing facilities are owned (not leased)
Industry Tailwinds
Any corporate revival, merger, or asset sale within the Yash Birla Group could provide residual value
Recent Developments
With a share price of only five paise, Birla Cotsyn (India) Limited appears to be in a state of near-complete financial distress or dormancy. No positive operational developments have been identified in available public sources.
2024-01Comparable Companies
VARDHMAN · ~10,000 Cr
Frequently Asked Questions
About Birla Cotsyn India
Birla Cotsyn (India) Limited is a Mumbai-based textile company incorporated on 24 September 1941, promoted by the Yash Birla Group. The company manufactures cotton ring spun yarn, open-end yarn, and synthetic blended yarn at its large spinning facilities in Malkapur and Khamgaon in Maharashtra's Vidharbha/Buldhana district — the cotton-rich heartland of Central India. The company's manufacturing facilities are substantial: the Malkapur unit has approximately 42,000 spindles manufacturing combed and compact cotton yarn, with 114 airjet looms over a 100-acre MIDC campus. The Khamgaon unit has 22,000 spindles for synthetic blended yarns and 1,728 rotors for 100% cotton open-end yarns. This combined capacity of ~64,000 spindles makes Birla Cotsyn a significant spinning company by Indian standards. The company was established in 1941 during WWII-era industrialisation and has undergone multiple business evolutions under different Birla family group leadership. The Yash Birla Group (not to be confused with the Aditya Birla Group) promoted the company with a significant investment of approximately ₹300 crore in its Malkapur and Khamgaon facilities through a 50:50 joint venture with P.B. Bhardwaj (Sunflag Group) in 2007. However, Birla Cotsyn has faced severe financial challenges. IBBI records confirm the company has been subject to insolvency proceedings, and its MCA filing status shows the last balance sheet filed was for FY2018. The company was listed on BSE (BSE: 533006) with a very small share price. The combination of IBBI insolvency proceedings and filing gaps suggests the company is either under liquidation or CIRP, though official status confirmation requires direct IBBI verification. The Indian textile sector has faced structural headwinds from Chinese competition, rising cotton prices, and global demand volatility — factors that contributed to many mid-size spinning companies' financial distress.
Key Milestones
Incorporated in 1941 in Maharashtra as a public limited company (CIN: L17110MH1941PLC003429) — one of India's older textile entities
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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India's textile sector PLI scheme provides a macro positive, though dormant companies cannot benefit directly
Potential land or factory asset value if manufacturing facilities are owned (not leased)
Industry Headwinds
Possible strike-off or dissolution of the company
No recovery of invested capital likely at current valuations
Continued governance concerns at the promoter group level
No visibility into current financial position or operational status
IBBI insolvency proceedings recorded — company under CIRP or liquidation
Source: IBBI / MCA Public Records
Last balance sheet filed 2018 — 7-year compliance gap
Source: Media Reports / Public Records
Equity shareholders unlikely to recover value in insolvency outcome
Source: IBBI / MCA Public Records
A share price of ₹0.05 strongly suggests the company is dormant, insolvent, or has ceased meaningful operations. Current operational status must be verified through MCA filings before any investment.
Near-zero valuation implies accumulated losses significantly exceeding equity capital. Recovery of investment is highly unlikely without a major restructuring or corporate action.
The Yash Birla Group has historically faced governance and financial challenges across multiple listed entities, raising conglomerate-level risk concerns.
Cotton yarn manufacturing faces structural challenges from rising input costs (raw cotton, power, labour) and competition from newer, more efficient spinning mills.
At ₹0.05 per share, there is virtually no secondary market liquidity. Exit at any meaningful price is impossible.
TRIDENT · ~7,000 Cr
ICIL · ~3,500 Cr
Operated as a cotton and synthetic yarn manufacturer within the Yash Birla Group ecosystem
India's textile sector faced structural challenges from rising raw material costs, power shortages, and competition from unorganised mills
Share price declined to ₹0.05, indicating severe financial deterioration and near-complete equity erosion