Shri Jagdamba Polymers Ltd (512453)
📢 Recent Corporate Announcements
Shri Jagdamba Polymers Ltd has rescheduled its Board of Directors meeting from August 31, 2026, to September 02, 2026, citing administrative exigencies. The Board will meet to consider and recommend a final dividend for the financial year ended March 31, 2026. Any recommended dividend will be subject to shareholder approval at the upcoming 42nd Annual General Meeting.
- Board meeting rescheduled from August 31, 2026, to September 02, 2026
- Agenda to consider and recommend final dividend for FY26 (year ended March 31, 2026)
- Recommended dividend subject to approval at the ensuing 42nd Annual General Meeting
Shri Jagdamba Polymers Ltd has scheduled a Board of Directors meeting on Monday, August 31, 2026. The agenda includes considering and recommending a final dividend on equity shares for the financial year ended March 31, 2026. Any dividend recommended will be subject to approval by shareholders at the upcoming 42nd Annual General Meeting.
- Board meeting scheduled for August 31, 2026
- Agenda to consider recommendation of final dividend for FY ended March 31, 2026
- Dividend recommendation subject to shareholder approval at the 42nd AGM
- Filing submitted under Regulation 29 of SEBI LODR Regulations, 2015
The National Stock Exchange of India (NSE) has admitted 87,58,000 equity shares of Shri Jagdamba Polymers Ltd (Face Value ₹1) to dealings on its Capital Market Segment under the 'Permitted to Trade' category. This became effective on August 17, 2026, pursuant to NSE Circular dated August 14, 2026. The company's shares, assigned the symbol SHRJAGP, are now tradeable on both NSE and BSE. This expands trading access and may improve stock liquidity.
- 87,58,000 equity shares of Face Value ₹1 admitted to trade on NSE
- Trading effective date on NSE Capital Market segment: August 17, 2026
- Assigned NSE symbol: SHRJAGP (ISIN: INE564J01026) with a market lot of 1
- Shares admitted under 'Permitted to Trade' category in addition to existing BSE listing
Shri Jagdamba Polymers reported a strong start to FY27 with consolidated revenue rising 37.1% YoY to Rs 194.58 Cr. Net profit surged 61.9% YoY to Rs 20.01 Cr, representing nearly 49% of the entire TTM PAT in just one quarter. This growth was primarily driven by manufactured goods, which contributed Rs 189.52 Cr. However, finance costs spiked significantly to Rs 3.59 Cr from Rs 0.92 Cr YoY, indicating higher debt servicing requirements for recent expansions.
- Consolidated Net Profit increased 61.9% YoY to Rs 20.01 Cr from Rs 12.36 Cr.
- Total Income grew 37.1% YoY to Rs 194.58 Cr, significantly exceeding the previous quarter's Rs 123.12 Cr.
- Quarterly EPS rose to Rs 22.84 from Rs 14.12 in the previous year's June quarter.
- Finance costs rose by 291.7% YoY to Rs 3.59 Cr, up from Rs 0.92 Cr.
- Subsidiary Global Polyweave Private Limited contributed Rs 15.34 Cr to the consolidated revenue.
Shri Jagdamba Polymers Ltd reported a robust performance for Q1 FY27, with consolidated revenue growing 37.1% YoY to ₹194.58 Cr. Net profit attributable to owners surged 58.7% YoY to ₹19.79 Cr, a significant recovery from the profit decline seen in FY26. Standalone EPS for the quarter jumped to ₹21.64 from ₹14.75 in the previous year's corresponding quarter. However, consolidated finance costs saw a sharp increase to ₹3.59 Cr from ₹0.92 Cr YoY, indicating higher debt servicing requirements.
- Consolidated Total Income reached ₹194.58 Cr, up 37.1% from ₹141.90 Cr in Q1 FY26.
- Consolidated Net Profit (attributable to owners) rose to ₹19.79 Cr compared to ₹12.47 Cr YoY.
- Standalone revenue from manufactured goods grew to ₹179.15 Cr from ₹137.68 Cr YoY.
- Consolidated Finance Costs increased by approximately 290% to ₹3.59 Cr from ₹0.92 Cr YoY.
- Standalone EPS for the quarter improved to ₹21.64 from ₹14.75 YoY.
Shri Jagdamba Polymers Ltd has scheduled a board meeting on August 13, 2026, to approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. This follows a challenging FY26 where revenue declined 13.5% to Rs 416 Cr from Rs 481 Cr in FY25. The stock has seen a significant 38.9% price correction over the last 12 months, making these results critical for assessing a potential turnaround. The trading window for insiders has been closed since July 01, 2026.
- Board meeting scheduled for August 13, 2026, to approve Q1 FY27 results.
- Trading window closed from July 01, 2026, until 48 hours post-announcement.
- Company reported a TTM revenue of Rs 416 Cr with an operating margin of 11.2%.
- Recent quarterly revenue in March 2026 stood at Rs 100.97 Cr.
- Promoter holding remains stable at 72.94% as of June 2026.
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.
Macro Economic Sensitivity
Sensitive to India's GDP growth (6.5% in FY25) and global GDP trends (3.2% in 2024), which drive demand in the technical textile sector.
Consumer Behavior
Increasing demand for sustainable and high-performance technical textiles in automotive and infrastructure sectors.
Geopolitical Risks
Trade barriers and geopolitical headwinds are cited as risks for the export-heavy business (93.8% of revenue).
Regulatory & Governance
Industry Regulations
Subject to the Companies Act 2013 and SEBI regulations; noted a procedural lapse in filing Form MGT-14 for a subsidiary investment.
Environmental Compliance
Spent INR 1.00 Cr on CSR activities, exceeding the INR 0.999 Cr obligation.
Taxation Policy Impact
Effective tax rate of 25.9% with a total tax expense of INR 16.82 Cr.
Legal Contingencies
Procedural non-compliance regarding the non-filing of Form MGT-14 for a subsidiary investment; no other major legal disputes reported.
Risk Analysis
Key Uncertainties
Raw material price volatility and machinery import dependence are the primary business uncertainties.
Geographic Concentration Risk
93.8% of revenue is concentrated in export markets.
Third Party Dependencies
Dependent on imported machinery suppliers and global logistics partners.
Technology Obsolescence Risk
Mitigated through continuous investment in modern manufacturing infrastructure.
Credit & Counterparty Risk
Receivables turnover ratio of 4.06 indicates manageable credit risk.
