Company Overview

Bhilwara Technical Textiles Limited (BSE: 533108) filed its FY2025-26 annual report and notice for its 19th Annual General Meeting scheduled for August 27, 2026, to be conducted via video conferencing.

Financial Performance Summary

Standalone Performance (Strong Growth)

  • Revenue from operations: ₹2,690.99 lakh in FY2025-26 vs ₹819.50 lakh in FY2024-25, representing 228% YoY growth
  • Operating profit: ₹308.12 lakh vs ₹140.38 lakh in previous year
  • Net profit: ₹228.24 lakh vs ₹87.22 lakh, showing 162% increase
  • Earnings per share: ₹0.39 vs ₹0.15 in FY25
  • Return on net worth: Improved to 8.99% from 3.66%

Consolidated Performance (Associate Impact)

  • Net loss after tax: ₹(1,122.00) lakh vs profit of ₹729.87 lakh in FY25
  • Key driver: Share of loss from associate BMD Private Limited amounting to ₹1,350.24 lakh
  • Basic and Diluted EPS: ₹(1.92) per share

Operational Highlights

  • Strategic shift: Moved from domestic market to exports, focusing on Latin American and African countries
  • Revenue breakdown: Export sales constituted major portion with ₹1,754.08 lakh from traded goods and ₹785.62 lakh from job work basis
  • Geographical distribution: Europe contributed ₹1,580.34 lakh, Africa ₹1,073.36 lakh, while domestic sales were minimal at ₹37.29 lakh
  • Product portfolio: Specialized yarns including 100% Cotton raw white yarns, 100% Polyester, Polyester/cotton blended yarns, and 100% cotton dyed yarns

Associate Company Performance

  • BMD Private Limited: 49.87% owned associate reported revenue of ₹39,287.60 lakh but significant loss of ₹(2,707.33) lakh
  • Investment value: ₹660.00 lakh (66,00,000 equity shares of ₹10 each)
  • Net worth attributable: ₹142.19 crore (49.87% of ₹285.12 crore)

Balance Sheet and Key Metrics

  • Net worth: Increased from ₹2,424.74 lakh to ₹2,650.19 lakh
  • Cash and equivalents: ₹181.15 lakh with additional bank balances of ₹60.17 lakh
  • Trade receivables: ₹628.62 lakh
  • Key ratio changes: Interest Coverage Ratio increased 169%, Current Ratio decreased 55%, Operating Profit Margin decreased 33%
  • Tax expense: ₹77.15 lakh with corporate tax rate of 25.168% under new tax regime

AGM Details and Corporate Governance

  • Date: August 27, 2026 at 2:00 PM via Video Conferencing
  • Agenda: Adoption of financial statements and reappointment of Shri Riju Jhunjhunwala as director
  • Voting: Remote e-Voting through NSDL from August 24-26, 2026
  • Board composition: 6 directors including 1 Chairman & Managing Director, 2 Non-Executive Directors, and 3 Independent Directors
  • Compliance: Full adherence to SEBI Listing Regulations and Companies Act, 2013

Forward-looking Statements and Opportunities

Management highlights potential benefits from India-EU and India-UK Free Trade Agreements, expecting meaningful accruals from FY2027-28 onwards. The company plans continued emphasis on export markets and expansion into technology-intensive specialty product segments while maintaining cost discipline and operational efficiency.

Risk Factors

  • Currency risk: Significant export exposure requires active hedging
  • Associate dependence: BMD Private Limited's performance materially impacts consolidated results
  • Market concentration: Heavy reliance on European and African markets
  • Global challenges: Ongoing geopolitical and trade policy uncertainties