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

Credit Rating (CRISIL)
Crisil B+ /Stable
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 30 Oct 2025
View Full ReportValuation
Financials
Source: CRISILInvestment Thesis
Pact Industries Limited is a small Ludhiana-based textile and steel trading company with a very low share price of ₹2.75. It benefits from Ludhiana's established knitwear ecosystem but remains a micro-scale unlisted entity with limited public financial transparency. The company is best viewed as a speculative, high-risk holding for investors with strong familiarity with the Ludhiana textile market.
Pros
Cons
Business Segments
Knitted Fabric & Apparel Manufacturing
Manufacturing of knitted hosiery fabrics and wearing apparel for domestic and export markets from Ludhiana, Punjab
Steel Trading
Trading of steel products leveraging Ludhiana's position as a significant steel fabrication and trading hub in North India
Revenue Model
Revenue is derived from two streams: (1) manufacturing and sale of knitted fabric and garments to wholesale and retail textile buyers, and (2) steel trading through purchase and resale of steel products. The company operates a capital-light trading model in steel while maintaining a manufacturing setup for textiles in Ludhiana.
Detailed Analysis
Growth Plans
India's textile PLI scheme incentivizing knitted fabric and apparel production
Growing demand for Ludhiana hosiery exports to European and US markets
Infrastructure push driving steel consumption in Punjab and North India
Potential consolidation in the Ludhiana knitwear cluster benefiting organised players
Industry Tailwinds
Recent Developments
No material public announcements found; company continues to operate in the knitted fabric and steel trading segments in Ludhiana.
2024-01Comparable Companies
NAHARINDUS · ~₹700 Cr (listed)
Frequently Asked Questions
About Pact Industries
Pact Industries Limited is a Ludhiana-based public limited company incorporated on March 31, 1993, engaged in manufacturing and trading of knitted fabric and steel and iron rods and ingots. Registered at ROC Chandigarh, the company operates from Ludhiana, Punjab. Pact Industries operates a dual-sector model spanning textiles and metals, capitalising on Ludhiana's position as both India's hosiery and knitted fabric capital (the Manchester of India) and a significant steel and engineering goods hub. The company reported revenues of Rs.6.51 crore for FY2024, with an authorized share capital of Rs.7 crore and paid-up capital of Rs.5.54 crore. Key directors include Jasjeet Kaur, Ruchika Gulati, Harpreet Singh, Sanjay Jain, Eshaan Singh Takkar, and Sushneet Kaur. Ludhiana is home to thousands of hosiery, woollen, and knitted fabric manufacturers, providing Pact Industries with access to raw materials, skilled labour, and buyers. The city is also a significant steel trading centre serving Punjab and north India's construction and fabrication industries. As a small diversified manufacturer, Pact Industries represents a closely-held family enterprise operating in two of Ludhiana's traditional industrial segments across textiles and metals.
Key Milestones
Incorporated in 1993 under the Companies Act with CIN L18101PB1993PLC013193 in Punjab
Established manufacturing operations in Ludhiana, the heart of India's hosiery and knitwear industry
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
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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.
India's textile PLI scheme incentivizing knitted fabric and apparel production
Growing demand for Ludhiana hosiery exports to European and US markets
Infrastructure push driving steel consumption in Punjab and North India
Potential consolidation in the Ludhiana knitwear cluster benefiting organised players
Industry Headwinds
Continued weak investor interest in small unlisted textile companies
Margin compression from cotton and yarn price volatility
Steel trading facing margin squeeze from price volatility and competition
Very small revenue of Rs.6.51 crore in FY2024
Source: Company Financial Filings
Dual-sector model may indicate lack of strategic focus
Source: AlphaHub Research
Company reported a net loss of ₹1.11 Cr — may signal structural profitability challenges
Source: Financial data
CRISIL rating of Crisil B+ /Stable — sub-investment grade; indicates elevated credit risk
Source: CRISIL
Ludhiana knitwear manufacturers face competitive pressure from Bangladesh's duty-free garment exports and cheaper Chinese fabric imports.
Steel trading margins are sensitive to fluctuations in global steel prices and domestic demand from infrastructure and real estate sectors.
Trading in this unlisted share is extremely thin; investors may find it difficult to exit their positions at prevailing prices.
As a small unlisted company, Pact Industries has limited public disclosure obligations, making financial due diligence challenging for investors.
VTL · ~₹11,000 Cr (listed)
MONTECARLO · ~₹1,200 Cr (listed)
Diversified into steel trading as an additional revenue stream alongside the core textile business
Has maintained operations in Ludhiana through multiple textile industry cycles
Pact Group (Promoter Family)
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