Sh. Jagdamba Pol - Sh. Jagdamba Pol

📊 BSE: 512453 🏢 Packaging 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

The Technical Textiles segment (the company's only segment) grew 33% to INR 481.48 Cr, with manufactured goods specifically growing 37.1% to INR 474.55 Cr.

Geographic Revenue Split

Exports account for 93.8% (INR 451.96 Cr) and domestic sales account for approximately 6.2% (INR 29.52 Cr) of total sales.

Profitability Margins

Net Profit Margin (PAT) is 9.99%, up from 8.92% YoY. Gross profitability is supported by a 37.1% growth in manufactured goods revenue.

EBITDA Margin

Profit Before Tax (PBT) margin is 13.48% (INR 64.92 Cr), up from 12.25% in the previous year, reflecting strong core profitability growth of 46.5%.

Capital Expenditure

Strategic borrowing (D/E 0.20) was utilized to fund growth, though a specific INR Cr figure for new plant equipment was not explicitly detailed.

⚙️ Operational Drivers

Raw Materials

HDPE (High-Density Polyethylene) and PP (Polypropylene).

Capacity Expansion

Current capacity not disclosed in MT; however, the company increased its debt-equity ratio by 106.29% to 0.20 to fund growth and increased its subsidiary stake to 80% for vertical integration.

Raw Material Costs

Total expenses rose 32% to INR 426.02 Cr. Raw material costs for HDPE and PP are the primary drivers, supporting the 37.1% growth in manufactured goods revenue.

Manufacturing Efficiency

ROCE increased to 23.32% (from 20.67%) and ROE to 17.90% (from 14.09%), while inventory turnover improved 18.22% to 6.30.

📈 Strategic Growth

Expected Growth Rate

33%

Growth Strategy

The company plans to achieve growth through vertical integration, having increased its subsidiary stake to 80%, and by focusing on the global technical textile market where exports grew 38.2% to INR 451.96 Cr. It aims to leverage the PLI Scheme and India-UK trade agreements to expand its product offerings in Buildtech and Packtech.

Products & Services

Technical textile fabrics (impregnated, coated, covered, or laminated with plastic), HDPE/PP bags, and specialized technical textiles for Buildtech and Packtech.

New Products/Services

Sustainable technical textiles and expanded offerings in Buildtech and Packtech are expected to contribute to future revenue growth.

Market Expansion

The company is strengthening its international presence, with export sales reaching INR 451.96 Cr (+38.2% YoY), targeting global markets through strategic partnerships.

Strategic Alliances

Increased stake in subsidiary from 55% to 80% via a rights issue to raise growth capital and enhance vertical integration.

🌍 External Factors

Industry Trends

The technical textile industry is evolving with a shift toward MMF and sustainable products, supported by infrastructure growth and favorable government policies like the PLI scheme.

Competitive Landscape

The company faces growing competition in the technical textile sector but maintains a strong position through its export-oriented strategy.

Competitive Moat

A 40-year track record and a dominant export focus (93.8% of sales) provide a sustainable competitive advantage in the specialized technical textiles market.