Financial Performance Overview
Emmbi Industries reported strong FY26 results with standalone net profit increasing 22.7% to ₹8.11 crore from ₹6.61 crore in FY25. Revenue from operations (gross) grew 12% to ₹530.52 crore, while net revenue reached ₹453.66 crore, representing 12.2% growth. The company achieved EBITDA of ₹43.80 crore with margins improving to 9.65% from 9.60% in the previous year.
Export Performance & Segment Analysis
Export sales surged 27.3% to ₹341.60 crore, contributing 64.4% of total revenue compared to 56.7% in FY25, with products exported to over 70 countries. Domestic sales declined 8% to ₹188.92 crore. The company operates exclusively in the polymer-based products segment with no single customer contributing more than 10% of total revenue.
Capital Structure & Balance Sheet
The company's paid-up share capital increased to ₹19.24 crore following the conversion of 766,667 warrants into equity shares. Total assets stood at ₹458.40 crore with net worth of ₹199.70 crore. Borrowings totaled ₹176.48 crore, resulting in a debt-equity ratio of 0.88. Current ratio remained healthy at 1.39, with inventories at ₹149.89 crore and trade receivables at ₹101.46 crore.
AGM Details & Corporate Actions
Emmbi will hold its 32nd Annual General Meeting on September 23, 2026, via video conferencing to approve financial statements and declare a dividend of ₹0.30 per share. The record date is set for September 16, 2026, with payment scheduled on or before October 22, 2026. Special business includes appointments of three new directors: Mr. Anuj Choksey as Non-Executive Independent Director, Ms. Maithili Makrand Appalwar as Executive Director (₹5.75 lakh monthly), and Mr. Yash Ravi Punjabi as Executive Director (₹5.98 lakh monthly).
Corporate Governance & Subsidiaries
The company maintains compliance with SEBI Listing Regulations and Companies Act requirements. Subsidiaries include Zastian Pte Ltd (Singapore) and Zastian Europe GmbH (Germany). Promoters maintain significant holdings with Makrand M. Appalwar (19.96%), Rinku M. Appalwar (12.31%), and related entities holding additional stakes. The company spent ₹3.81 million on CSR activities through Emmbi Foundation, exceeding the mandatory requirement.
Borrowings & Financial Position
Secured loans include term loans of ₹429.48 million (non-current) and ₹120.32 million (current), plus working capital loans of ₹1,114.85 million. An unsecured intercorporate deposit of ₹100 million was obtained from related party Kitec Industries. Trade receivables stood at ₹1,014.62 million, predominantly undisputed and less than 6 months old.