Financial Performance (Q4 FY26 Standalone)
Revenues: ₹145.7 crore
Raw Material Cost: ₹84.7 crore
Gross Profit: ₹61.0 crore
Gross Profit Margin: 41.9%
Employee Cost: ₹15.6 crore
Other Expenses: ₹23.9 crore
EBITDA: ₹21.5 crore
EBITDA Margin: 14.8%
Other Income: ₹1.4 crore
Depreciation: ₹7.8 crore
EBIT: ₹15.1 crore
EBIT Margin: 10.4%
Finance Cost: ₹2.4 crore
Profit before Tax: ₹12.7 crore
Profit before Tax Margin: 8.7%
Tax: ₹3.4 crore
PAT: ₹9.3 crore
PAT Margin: 6.4%
Financial Performance (FY26 Standalone)
Revenues: ₹610.7 crore
Raw Material Cost: ₹371.4 crore
Gross Profit: ₹239.3 crore
Gross Profit Margin: 39.2%
Employee Cost: ₹58.7 crore
Other Expenses: ₹90.5 crore
EBITDA: ₹90.1 crore
EBITDA Margin: 14.8%
Other Income: ₹6.8 crore
Depreciation: ₹29.0 crore
EBIT: ₹67.8 crore
EBIT Margin: 11.1%
Finance Cost: ₹15.2 crore
Exceptional Items: ₹4.4 crore
Profit before Tax: ₹48.2 crore
Profit before Tax Margin: 7.9%
Tax: ₹12.6 crore
PAT: ₹35.6 crore
PAT Margin: 5.8%
Balance Sheet Highlights (FY26)
Total Assets: ₹782.9 crore
Property, Plant and Equipment: ₹402.8 crore
Right of Use Assets: ₹5.6 crore
Capital Work-in-Progress: ₹41.6 crore
Inventories: ₹68.6 crore
Trade Receivables: ₹74.9 crore
Cash and Cash Equivalents: ₹86.5 crore
Bank Balances other than Cash: ₹13.9 crore
Equity Share Capital: ₹13.1 crore
Other Equity: ₹600.4 crore
Total Shareholders' Funds: ₹613.5 crore
Borrowings (Non-current): ₹55.9 crore
Borrowings (Current): ₹24.4 crore
Cash Flow Statement (FY26)
Profit before Tax: ₹48.2 crore
Operating Profit before Working Capital Changes: ₹87.0 crore
Changes in Working Capital: ₹9.8 crore
Cash Generated from Operations: ₹96.8 crore
Direct Taxes Paid: ₹10.5 crore
Net Cash from Operating Activities: ₹86.3 crore
Net Cash from Investing Activities: -₹183.5 crore
Net Cash from Financing Activities: ₹175.3 crore
Net Change in Cash: ₹78.1 crore
Management Commentary
Chairman and Managing Director Mr. Kailesh Punamchand Shah stated that FY26 was a year of transition with significant investments in capacity and capability. Q4 performance was impacted by external headwinds including the West Asia conflict which disrupted trade routes, logistics corridors, and delayed order flows from key markets. Extended transit delays, port congestion, and non-availability of critical inputs affected production schedules.
Raw material prices rose sharply at the start of the geopolitical crisis but have since moderated. Pricing resistance from customers has substantially abated as cost increases are now recognized as universal across the industry.
The company noted improvement in gross margins during Q4 driven by favorable revenue, client mix, and product mix, specifically moderation in export revenues share alongside healthy domestic business growth. Management believes this improved gross margin profile is sustainable.
Strategic Updates and Growth Drivers
The company enters FY27 with a healthy order book and clear strategic roadmap. Key growth drivers include:
- Design-led product innovation supporting regular product launches
- Wallet share expansion with existing customers through incremental SKUs and category extensions
- Deep, long-standing global customer relationships with high switching costs
- Capacity ramp-up at Khatalwada (Gujarat) facility providing growth runway
- Export tailwinds from trade agreements (EU-India, US-India framework, China+1 strategy)
- Selective domestic and adjacent category expansion including bamboo consumerware
Bamboo Division Expansion
The company incorporated All Time Bamboo Private Limited as a wholly owned subsidiary to operate business relating to bamboo consumerware. ATPL entered into a non-exclusive MoU with NECBDC (a statutory body under MDoNER, GoI) as a Product and Market Development Partner for engineered bamboo initiatives, initially focused on Assam and Nagaland.
Manufacturing Capacity
Daman Facility: Installed Capacity 9,500 TPA - manufactures multiple component assembly parts
Silvassa Facility: Installed Capacity 19,500 TPA - 100% EOU, manufactures high volume single shot parts
Khatalwada Facility: Installed Capacity 10,000 TPA - 100% EOU, manufactures all types of injection moulded consumerware
Sustainability Initiatives
- 8,000 KWH energy saved/year
- 1,812 MWh of energy produced via solar panels
- Rainwater harvesting at manufacturing facilities
- Use of recycled materials (polypropylene, ABS-PC blends, polyethylene terephthalate)
- Recycled and FSC certified paper used for packaging
Awards and Recognition
- Received award from Target for COPD/Operational Excellence & Precision/Agility
- First Place in Houseware Exports (other than thermoware/insulated ware) from Plexconcil India for FY 2023-24 & FY 2024-25
- First Place in Plastic Furniture Exports from Plexconcil India for FY 2023-24 & FY 2024-25
Key Metrics
ROCE: 10.3% (FY26) vs 17.0% (FY25) - declined due to equity issue during IPO
ROE: Declined due to equity issue during IPO
Fixed Asset Turnover Ratio: Decreased due to major Capex at Khatalwada plant