Ellcot Spinning Mills Limited
By PSX Investors Zone · Updated October 22, 2026
Ellcot Spinning Mills Limited (PSX: ELSM) is a Pakistani textile manufacturer specialising in yarn production and sale. Incorporated in 1988, the company is part of the Nagina Group, with its registered office in Lahore and manufacturing facility in District Kasur. For FY2026, it reported revenue of approximately Rs. 16.226 billion, profit after tax of Rs. 206.175 million and EPS of Rs. 18.83, compared with FY2025 profit after tax of Rs. 76.618 million and EPS of Rs. 7.00. The Board recommended a final cash dividend of Rs. 6.50 per share for FY2026, subject to shareholder approval. ELSM appears in the PSX Investors Zone Shariah-eligible stocks directory; investors should confirm its latest official screening status. PSX also displays a Risk Warning Alert concerning potential trading suspension or delisting, which is a material regulatory risk.
Company Overview
Ellcot Spinning Mills Limited is a Pakistan-based textile company engaged in the manufacture and sale of yarn. Incorporated on December 22, 1988, the company is listed on the Pakistan Stock Exchange under the symbol ELSM and is associated with the Nagina Group.
Its registered office is located at Nagina House, M.M. Alam Road, Gulberg III, Lahore, while its manufacturing facility is situated on Raiwind Road near Manga Mandi in District Kasur, Punjab.
Official sources: PSX company profile | Nagina Group website
Business Activities
Ellcot Spinning Mills operates in the textile-spinning segment. Its principal activity is producing and selling yarn, which is used by downstream textile businesses in weaving, knitting and other textile-manufacturing processes.
The company's financial performance can be affected by cotton and other fibre prices, energy and gas costs, exchange-rate movements, domestic and export demand, yarn selling prices, labour expenses and plant utilisation. Changes in these factors may affect revenue and margins differently from one reporting period to another.
Investors should review production volumes, inventory levels, customer demand, operating margins and financing costs when assessing the company's performance.
Financial Performance
The PSX company profile reports the following annual figures:
| Financial indicator | FY2026 | FY2025 |
|---|---|---|
| Sales | Rs. 16,225.619 million | Rs. 15,886.089 million |
| Profit after taxation | Rs. 206.175 million | Rs. 76.618 million |
| Earnings per share | Rs. 18.83 | Rs. 7.00 |
Source: PSX financial information. The FY2026 annual report was published in October 2026. Investors should consult the audited report for detailed statements, accounting policies and management commentary.
Sales increased by approximately 2.1% year over year, while reported profit after taxation increased substantially from the FY2025 level. EPS rose from Rs. 7.00 to Rs. 18.83. These results indicate improved reported profitability, but investors should assess whether the improvement came from recurring operations, changes in input costs, financing expenses or other factors disclosed in the annual report.
FY2026 annual report: https://nagina.com/wp-content/uploads/2026/10/ESML-ANNUAL-2026.pdf
Dividend Information
For the year ended June 30, 2026, the Board recommended a final cash dividend of Rs. 6.50 per share, equivalent to 65% of the face value stated in the company's AGM notice.
The notice scheduled the 38th Annual General Meeting for October 28, 2026, where shareholders were to consider and approve the proposed dividend. As of October 22, 2026, it should therefore be described as recommended and awaiting shareholder approval, not as approved or paid.
Source: FY2026 Annual Report and AGM notice.
Dividend decisions can change and future distributions are not guaranteed. Investors should check subsequent PSX announcements for the final approval, book-closure dates and payment status.
Shariah Compliance Status
Ellcot Spinning Mills Limited appears in the PSX Investors Zone Shariah-eligible stocks directory. This directory is based on PSX's Shariah-eligible scrip universe.
Directory: PSX Investors Zone Shariah-eligible stocks.
Investors should confirm the company's status against the latest official PSX-KMI All Share Islamic Index screening publication and applicable screening criteria before relying on its current classification. Shariah eligibility can change when financial statements or screening criteria change. Inclusion in a directory is not a guarantee of future compliance or investment performance.
Important PSX Risk Warning Alert
PSX displays a Risk Warning Alert (RWA) for Ellcot Spinning Mills Limited. The alert states that the company is in continuous violation of specified clauses 5.11.1 or 5.11.2 of PSX regulations and may face trading suspension or delisting, subject to the Exchange's applicable terms and conditions.
This is a material regulatory risk that investors should consider separately from the company's financial results and Shariah screening status. Review the latest PSX notices to establish whether the reported violations have been resolved, what compliance requirements apply and whether further regulatory action has been announced.
Official source: PSX company profile and announcements.
A Risk Warning Alert does not, by itself, mean the company has already been suspended or delisted. Its current listing and regulatory status should be checked through official Exchange disclosures.
Key Factors Investors Should Monitor
- Yarn demand and pricing: Track demand from downstream textile manufacturers and changes in yarn selling prices.
- Raw-material costs: Cotton and other fibre prices can affect production costs and margins.
- Energy and utilities: Energy costs and supply reliability can influence spinning operations.
- Profitability: Review gross margins, operating expenses, finance costs and the drivers of the FY2026 earnings improvement.
- Cash flow and borrowings: Examine working capital, inventory, receivables, debt and operating cash generation.
- Dividend approval: Verify the status of the proposed Rs. 6.50 per-share final dividend after the AGM.
- Shariah screening: Confirm the latest official PSX screening outcome.
- Regulatory compliance: Monitor the RWA and any subsequent PSX notice about suspension or delisting risk.
Frequently Asked Questions
What does Ellcot Spinning Mills Limited do?
It manufactures and sells yarn for the textile industry.
What is Ellcot Spinning Mills Limited's PSX symbol?
Its ticker symbol is ELSM.
Is Ellcot Spinning Mills Shariah-compliant?
It appears in the PSX Investors Zone Shariah-eligible stocks directory. Investors should verify the latest official PSX screening publication to confirm its current status.
Has Ellcot Spinning Mills declared a FY2026 dividend?
The Board recommended a final cash dividend of Rs. 6.50 per share for FY2026. The AGM scheduled for October 28, 2026 was to consider approval; verify subsequent announcements for the final outcome.
Does the company have a PSX regulatory warning?
Yes. PSX displays an RWA concerning continuous regulatory violations and potential trading suspension or delisting. Check the latest Exchange notices for the current position.
Where can investors find official financial information?
Use the PSX company profile and the company's FY2026 annual report.
Disclaimer
This profile is for educational and informational purposes and is not a recommendation to buy or sell shares. Financial results, dividend decisions, Shariah screening status and regulatory conditions may change. Verify the latest official company disclosures and PSX announcements before making an investment decision.
This profile is for educational purposes and is not a recommendation to buy or sell any security.