šŸ’° Financial Performance

Revenue Growth by Segment

Not disclosed in available documents; however, the company reported a Net Loss before tax of INR 0.78 Cr (77.92 Lakhs) for the half-year ended September 30, 2025.

Geographic Revenue Split

Not disclosed in available documents; the company is headquartered in Surat, Gujarat.

Profitability Margins

Net profitability is negative for H1 FY26 with a Total Comprehensive Loss of INR 1.37 Cr (136.58 Lakhs), a significant decline from the FY25 full-year profit of INR 3.23 Cr (323.12 Lakhs).

EBITDA Margin

Operating Profit before working capital changes was negative INR 0.06 Cr (5.91 Lakhs) for H1 FY26, indicating core operations are currently under pressure.

Capital Expenditure

The company made payments for Property, Plant & Equipment totaling INR 0.27 Cr (26.90 Lakhs) during the half-year ended September 30, 2025.

Credit Rating & Borrowing

Finance costs for H1 FY26 were INR 2.02 Cr (202.19 Lakhs). Non-current liabilities increased by 144% from INR 4.57 Cr in March 2025 to INR 11.15 Cr in September 2025.

āš™ļø Operational Drivers

Raw Materials

Specific raw material names are not listed, but the company identifies raw material costs as a primary focus for reduction to support improved profitability.

Capacity Expansion

Not disclosed in available documents; however, Capital Work-in-Progress was recorded at INR 18.20 Cr as of September 30, 2025.

Raw Material Costs

Management is implementing strategies to further reduce raw material costs to support improved profitability in coming periods; specific cost percentages are not disclosed.

šŸ“ˆ Strategic Growth

Expected Growth Rate

Not disclosed%

Growth Strategy

The company is pursuing growth through capital raising, with the Board considering fund infusion via equity shares, rights issues, or QIPs as of October 2025. Additionally, management is focusing on raw material cost reduction to restore margins.

Products & Services

Textile products and yarn (implied by Surat location and industry context), though specific product names are not listed in the snippets.

Market Expansion

The company is exploring fundraising to potentially support expansion or working capital needs.

šŸŒ External Factors

Industry Trends

The industry is facing pressure from raw material costs; the company is positioning itself by seeking to reduce input expenses and potentially raising fresh capital to strengthen its balance sheet.

Competitive Moat

The company maintains a long-standing presence (established 1991) and a Board with deep industry knowledge in the Surat textile hub, though a specific durable moat is not detailed.

Macro Economic Sensitivity

Operations are sensitive to changes in Governmental regulations, tax laws, and general economic development within India.

Geopolitical Risks

The company monitors overseas market conditions, indicating exposure to international trade dynamics.

āš–ļø Regulatory & Governance

Industry Regulations

Operations are subject to Companies Act 2013, SEBI Listing Regulations, and various labor and tax statutes.

Environmental Compliance

The company provides orientation to directors on safety, health, and environment initiatives.

Taxation Policy Impact

The company reported a tax expense/credit resulting in a Total Comprehensive Loss of INR 1.37 Cr; specific tax rate % is not disclosed.

āš ļø Risk Analysis

Key Uncertainties

Volatility in raw material prices and the ability to successfully raise planned funds are primary uncertainties.

Geographic Concentration Risk

The company's registered office and primary operations are concentrated in Surat, Gujarat.

Credit & Counterparty Risk

Trade receivables stood at INR 11.95 Cr as of September 30, 2025, a slight decrease from INR 12.22 Cr in March 2025.