Adhata Global Ltd

ADHHATA

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Market Cap

₹ 17 Cr

P/E

52.82

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Performance

MARKET LEADER

Valuation

OVERVALUED

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

Adhata Global Limited, formerly MV Cotspin Limited, is primarily engaged in the trading of timber, after initially dealing in wholesale fabrics, yarn, and textiles.

The company underwent a significant rebranding and transformation, changing its name on October 30, 2023, while refining its business focus to better align with current operational goals.

Adhata's strategic pivot towards timber trading reflects a focused business approach, likely aimed at leveraging market opportunities in the timber trading industry.

The timeline of transformations suggests a proactive approach in restructuring the company's market identity and operational scope for improved financial stability.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

17 Cr

Volatility

Low Risk

P/E Ratio

52.8

Industry P/E

35.9

PEG Ratio

0.6

P/B Ratio

5.6

52W High

60.00

52W Low

26.78

Sales CAGR

7.21%

-10.09%

-17.02%

10Y

28.52%

Profit CAGR

83.87%

—

10Y

—

ROE

TTM

10.57%

-87.26%

-19.59%

10Y

-0.82%

ROCE

TTM

7.11%

-41.99%

-9.42%

10Y

3.08%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
INNOVATIVE	15.00	17 Cr	17.05	4.02	0.00	778.48	-7.11	-8.51
ADHHATA	35.39	17 Cr	52.82	5.61	0.00	10.57	7.11	-1.12
MULLER	264.00	17 Cr	209.52	0.00	0.00	-5.50	6.68	1.27
VIVAA	41.85	16 Cr	21.68	0.76	0.00	5.02	5.74	1.08
SOLIDSTON	30.60	16 Cr	25.29	0.73	0.00	2.89	7.21	1.20
YASHMGM	9.65	16 Cr	—	0.75	0.00	-6.83	-5.03	-4.75
ARENTERP	51.77	16 Cr	—	0.71	0.00	-0.88	-1.16	-0.87

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	2.64	0.39	0.72	1.23	1.12	0.90	2.13	1.21	2.09	0.34
Expenses	2.40	0.61	0.99	1.64	1.02	1.51	1.67	1.07	2.21	0.91
Operating Profit	0.24	-0.22	-0.27	-0.41	0.10	-0.61	0.46	0.14	-0.12	-0.57
OPM %	9.09	-56.41	-37.50	-33.33	8.93	-67.78	21.60	11.57	-5.74	-167.65
Other Income	0.04	0.04	0.05	0.04	0.03	0.03	0.03	0.01	-0.03	0.03
Interest	0.08	0.08	0.06	0.06	0.06	0.06	0.06	0.06	0.07	0.06
Depreciation	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01
Profit Before Tax	0.18	-0.28	-0.29	-0.45	0.04	-0.67	0.41	0.06	-0.23	-0.61
Tax %	0.00	0.00	0.00	-20.00	0.00	0.00	0.00	0.00	26.09	24.59
Net Profit	0.18	-0.28	-0.29	-0.54	0.04	-0.67	0.41	0.06	-0.17	-0.45
EPS in Rs	0.38	-0.59	-0.62	-1.14	0.08	-1.41	0.88	0.13	-0.36	-0.96

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.35	0.03	16	14	17	7.36	10	4.99	5.35	6.33
Expenses	0.56	0.16	13	12	15	7.96	15	5.63	5.29	6.46
Operating Profit	-0.22	-0.14	2.86	1.50	2.25	-0.60	-4.26	-0.64	0.06	-0.13
OPM %	-61.94	-524.69	17.94	11.05	12.89	-8.15	-40.60	-12.78	1.09	-2.05
Other Income	0.08	0.04	0.06	0.12	0.32	0.23	0.42	0.17	0.09	0.04
Interest	0.00	0.00	0.08	0.25	0.22	0.30	0.33	0.28	0.25	0.25
Depreciation	0.00	0.00	0.06	0.14	0.17	0.29	0.13	0.09	0.06	0.07
Profit Before Tax	-0.13	-0.10	2.78	1.24	2.17	-0.96	-4.29	-0.84	-0.15	-0.43
Tax %	0.00	0.00	-0.10	-2.90	0.55	3.84	-0.05	-10.53	0.00	13.95
Net Profit	-0.13	-0.10	2.78	1.28	2.16	-0.92	-4.29	-0.93	-0.15	-0.37
EPS in Rs	-0.28	-0.21	5.90	2.64	4.58	-1.58	-9.10	-1.97	-0.32	-0.31
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	4.72	4.72	4.72	4.72	4.72	4.72	4.72	4.72	4.72	4.72
Reserves	-2.77	-2.90	-3.00	-0.21	1.06	3.22	2.30	-1.99	-2.92	-3.07
Borrowings	0.00	0.07	0.14	2.82	2.61	1.88	4.24	4.29	3.19	3.10
Other Liabilities	0.08	0.02	0.01	1.21	1.16	3.46	5.31	8.31	9.06	9.27
Total Liabilities	2.02	1.91	1.87	8.53	9.55	13	17	15	14	14
Fixed Assets	0.00	0.00	0.00	0.47	0.33	0.72	0.45	0.30	0.22	0.16
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.20	0.20	0.20	0.29	0.29	0.99	0.99	0.99	0.99	-0.50
Other Assets	1.83	1.71	1.67	7.77	8.92	12	15	14	13	14
Total Assets	2.02	1.91	1.87	8.53	9.55	13	17	15	14	14

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.23	0.14	-0.10	-0.85	0.27	4.08	-2.73	-0.47	-0.17	-1.15
Cash from Investing Activity	0.00	0.00	0.00	-0.56	0.14	-1.09	0.20	0.22	0.14	1.60
Cash from Financing Activity	0.00	0.06	0.07	1.30	-0.46	-1.97	1.55	0.22	0.03	-0.34
Net Cash Flow	0.23	0.20	-0.03	-0.11	-0.05	1.02	-0.98	-0.03	-0.00	0.11

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	78.37%	78.37%	78.37%	78.37%	78.37%	78.37%	78.37%	78.37%	78.37%	75.00%	75.00%	75.00%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	5.30%	5.30%	5.30%	5.30%	5.30%	5.30%	5.30%	5.30%	5.30%	5.30%	5.30%	5.30%
Public	16.32%	16.32%	16.32%	16.32%	16.32%	16.32%	16.32%	16.32%	16.32%	19.70%	19.70%	19.70%
Total Shareholders	417	417	417	415	415	415	414	413	415	618	664	695

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Jan 23, 2025	Vishal v kothari huf	Bulk	Sell	45.51	0.16 Cr	35,000	0.74
Jan 23, 2025	Multiplier share & stock advi...	Bulk	Buy	45.51	0.11 Cr	25,000	0.53

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Oscillators

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Neutral

Bearish

Neutral

Bullish

Overall

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Bearish

Neutral

Bullish

Moving Averages

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Bullish

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Overview

Detailed Summary

Adhata Global Limited, formerly MV Cotspin Limited, is primarily engaged in the trading of timber, after initially dealing in wholesale fabrics, yarn, and textiles.

The company underwent a significant rebranding and transformation, changing its name on October 30, 2023, while refining its business focus to better align with current operational goals.

Adhata's strategic pivot towards timber trading reflects a focused business approach, likely aimed at leveraging market opportunities in the timber trading industry.

The timeline of transformations suggests a proactive approach in restructuring the company's market identity and operational scope for improved financial stability.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

17 Cr

Volatility

Low Risk

P/E Ratio

52.8

Industry P/E

35.9

PEG Ratio

0.6

P/B Ratio

5.6

52W High

60.00

52W Low

26.78

Sales CAGR

7.21%

-10.09%

-17.02%

10Y

28.52%

Profit CAGR

83.87%

—

10Y

—

ROE

TTM

10.57%

-87.26%

-19.59%

10Y

-0.82%

ROCE

TTM

7.11%

-41.99%

-9.42%

10Y

3.08%

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	2.64	0.39	0.72	1.23	1.12	0.90	2.13	1.21	2.09	0.34
Expenses	2.40	0.61	0.99	1.64	1.02	1.51	1.67	1.07	2.21	0.91
Operating Profit	0.24	-0.22	-0.27	-0.41	0.10	-0.61	0.46	0.14	-0.12	-0.57
OPM %	9.09	-56.41	-37.50	-33.33	8.93	-67.78	21.60	11.57	-5.74	-167.65
Other Income	0.04	0.04	0.05	0.04	0.03	0.03	0.03	0.01	-0.03	0.03
Interest	0.08	0.08	0.06	0.06	0.06	0.06	0.06	0.06	0.07	0.06
Depreciation	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01
Profit Before Tax	0.18	-0.28	-0.29	-0.45	0.04	-0.67	0.41	0.06	-0.23	-0.61
Tax %	0.00	0.00	0.00	-20.00	0.00	0.00	0.00	0.00	26.09	24.59
Net Profit	0.18	-0.28	-0.29	-0.54	0.04	-0.67	0.41	0.06	-0.17	-0.45
EPS in Rs	0.38	-0.59	-0.62	-1.14	0.08	-1.41	0.88	0.13	-0.36	-0.96

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.35	0.03	16	14	17	7.36	10	4.99	5.35	6.33
Expenses	0.56	0.16	13	12	15	7.96	15	5.63	5.29	6.46
Operating Profit	-0.22	-0.14	2.86	1.50	2.25	-0.60	-4.26	-0.64	0.06	-0.13
OPM %	-61.94	-524.69	17.94	11.05	12.89	-8.15	-40.60	-12.78	1.09	-2.05
Other Income	0.08	0.04	0.06	0.12	0.32	0.23	0.42	0.17	0.09	0.04
Interest	0.00	0.00	0.08	0.25	0.22	0.30	0.33	0.28	0.25	0.25
Depreciation	0.00	0.00	0.06	0.14	0.17	0.29	0.13	0.09	0.06	0.07
Profit Before Tax	-0.13	-0.10	2.78	1.24	2.17	-0.96	-4.29	-0.84	-0.15	-0.43
Tax %	0.00	0.00	-0.10	-2.90	0.55	3.84	-0.05	-10.53	0.00	13.95
Net Profit	-0.13	-0.10	2.78	1.28	2.16	-0.92	-4.29	-0.93	-0.15	-0.37
EPS in Rs	-0.28	-0.21	5.90	2.64	4.58	-1.58	-9.10	-1.97	-0.32	-0.31
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	4.72	4.72	4.72	4.72	4.72	4.72	4.72	4.72	4.72	4.72
Reserves	-2.77	-2.90	-3.00	-0.21	1.06	3.22	2.30	-1.99	-2.92	-3.07
Borrowings	0.00	0.07	0.14	2.82	2.61	1.88	4.24	4.29	3.19	3.10
Other Liabilities	0.08	0.02	0.01	1.21	1.16	3.46	5.31	8.31	9.06	9.27
Total Liabilities	2.02	1.91	1.87	8.53	9.55	13	17	15	14	14
Fixed Assets	0.00	0.00	0.00	0.47	0.33	0.72	0.45	0.30	0.22	0.16
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.20	0.20	0.20	0.29	0.29	0.99	0.99	0.99	0.99	-0.50
Other Assets	1.83	1.71	1.67	7.77	8.92	12	15	14	13	14
Total Assets	2.02	1.91	1.87	8.53	9.55	13	17	15	14	14

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	0.23	0.14	-0.10	-0.85	0.27	4.08	-2.73	-0.47	-0.17	-1.15
Cash from Investing Activity	0.00	0.00	0.00	-0.56	0.14	-1.09	0.20	0.22	0.14	1.60
Cash from Financing Activity	0.00	0.06	0.07	1.30	-0.46	-1.97	1.55	0.22	0.03	-0.34
Net Cash Flow	0.23	0.20	-0.03	-0.11	-0.05	1.02	-0.98	-0.03	-0.00	0.11

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
INNOVATIVE	15.00	17 Cr	17.05	4.02	0.00	778.48	-7.11	-8.51
ADHHATA	35.39	17 Cr	52.82	5.61	0.00	10.57	7.11	-1.12
MULLER	264.00	17 Cr	209.52	0.00	0.00	-5.50	6.68	1.27
VIVAA	41.85	16 Cr	21.68	0.76	0.00	5.02	5.74	1.08
SOLIDSTON	30.60	16 Cr	25.29	0.73	0.00	2.89	7.21	1.20
YASHMGM	9.65	16 Cr	—	0.75	0.00	-6.83	-5.03	-4.75
ARENTERP	51.77	16 Cr	—	0.71	0.00	-0.88	-1.16	-0.87