Date: 14th August 2026

Financial Results (Standalone & Consolidated)

Q1 FY27 Financial Performance:

  • Total Income: ₹9.86 Crore
  • EBITDA: ₹1.87 Crore
  • EBITDA Margin: 18.72%
  • Net Profit: ₹0.27 Crore
  • Net Profit Margin: 2.73%
  • Diluted EPS: ₹0.09

Last Five Quarter Performance Comparison (in ₹ Crore):

| Quarter | Total Income | Expenses | EBITDA | EBITDA Margin % | Net Profit | Net Profit Margin % |

| Q1 FY27 | 9.86 | 8.14 | 1.87 | 18.72% | 0.27 | 2.73% |

| Q4 FY26 | 10.33 | 7.53 | 2.80 | 27.11% | (1.52) | (14.73)% |

| Q3 FY26 | 25.90 | 20.36 | 5.54 | 21.38% | 3.93 | 15.16% |

| Q2 FY26 | 20.64 | 16.92 | 3.72 | 18.01% | 2.55 | 12.36% |

| Q1 FY26 | 29.26 | 22.50 | 6.76 | 23.10% | 5.06 | 17.29% |

Annual Financial Performance (in ₹ Crore):

| FY | Sales | Other Income | Total Income | Expenses | EBITDA | EBITDA Margin % | Net Profit | Net Profit Margin % |

| FY26 | 84.56 | 1.57 | 86.13 | 67.31 | 18.82 | 21.85% | 10.01 | 11.63% |

| FY25 | 101.29 | 1.70 | 102.99 | 80.53 | 22.46 | 21.81% | 15.00 | 14.57% |

| FY24 | 86.00 | 0.90 | 86.89 | 74.52 | 12.37 | 14.23% | 7.27 | 8.37% |

Balance Sheet Highlights (in ₹ Crore) as of FY26:

  • Equity: ₹28.79 Cr
  • Reserves: ₹157.57 Cr
  • Net Worth: ₹186.36 Cr
  • Fixed Assets: ₹145.27 Cr
  • Inventories: ₹22.73 Cr
  • Trade Receivables: ₹6.65 Cr
  • Cash & Bank Balance: ₹2.21 Cr
  • Short-term Borrowings: ₹12.02 Cr
  • Trade Payables: ₹4.36 Cr

Management Overview

Core Management Team

  • Mr. Pravin Sheth: Chairman & Director, CA with over 5 decades of industry experience
  • Mr. Bhavesh Sheth: Responsible for business development, 30 years total experience (10 years with Fiberweb)
  • Mr. G Ravindran: B.Tech (Chem Engg), M.Tech (Ind. Management) from IIT Kharagpur, responsible for manufacturing facility, 40 years total experience (30 years with company)
  • Mr. Mukesh Pandya: Qualified FCA, DISA & CISA, Chief Financial Officer with more than 30 years experience in accounts, auditing & taxation (4 years with company)

Business Overview

Company Operations

  • Established in 1985, started as plastics company, ventured into garbage and carrier bags
  • Commissioned plant in 1996 as 100% Export Oriented Unit (EOU)
  • Exports to UAE, South Africa, Australia, USA, UK & Europe
  • In-house facility for manufacturing stitched garments including medical & industrial gowns, overhauls, aprons, car covers
  • New product line of melt blown Nonwoven fabrics for personal hygiene products like diapers, face masks

Manufacturing Capacity

  • Manufacturing plant: 85,000 sq.ft. in Daman
  • Spun Bond capacity: 5,000 MTPA
  • Melt blown capacity: 3,000 MTPA
  • Company has started re-investing in modernization and de-bottlenecking

Certifications & Ratings

  • ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 certified
  • Credit Rating: BBB- Stable

Industry Overview

Market Outlook

  • Global nonwovens market expected to reach US$70.7 billion by 2034
  • Projected CAGR of 6.1% from 2023 to 2033
  • Indian nonwoven fabric market poised to expand at CAGR of 6.4% through 2034
  • Projected to grow to USD 460.73 million by 2030

Growth Drivers

  • Increasing use in hygiene, medical, construction, and filtration applications
  • Growth of modern healthcare sector in emerging markets
  • Rise in birth rate and increase in geriatric population in western countries
  • Comparative cost advantage over traditional fabrics
  • Post-pandemic demand increase for nonwovens

Investment Rationale

Key Strengths

  • Market Leadership & Niche Expertise in non-woven fabric industry
  • Strategic Capacity Expansion with ongoing investments in advanced manufacturing
  • Diverse Applications across hygiene, medical, automotive, and construction sectors
  • Experienced Leadership & Visionary Management team
  • Strong Financial Performance with EBITDA margins improving from 14.23% in FY24 to 21.85% in FY26

Disclaimer

Presentation prepared solely for information purposes and does not constitute any offer, recommendation or invitation to purchase securities. Based on information considered reliable but no representation or warranty made about truth, accuracy, completeness, fairness and reasonableness. Contains forward-looking statements subject to known and unknown risks, uncertainties and assumptions.