Fiberweb (India) Limited (FIBERWEB)
₹26.25 -0.38% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Fiberweb (India)'s revenue was ₹9.9 Cr (-65.9% year on year, +1.5% on the previous quarter), and net profit ₹0.3 Cr (-94.6% year on year); the operating margin was 17.4%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹9.9 | -65.9% | +1.5% |
| Operating profit | ₹1.7 | -73.2% | -21.5% |
| Net profit | ₹0.3 | -94.6% | from loss |
| EPS (₹) | 0.09 | -94.9% | from loss |
| Operating margin | 17.4% | — | — |
FIBERWEB delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 66.85% of the FIBERWEB shares traded on NSE were taken to delivery, against the stock's own 20-session average of 72.76%. That is close to its usual level. Turnover was only ₹2 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 27.2% · 53.3% · 64.9% · 46.3% · 66.8%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Fiberweb (India) Limited submitted its Structured Digital Database (SDD) compliance certificate for the quarter ended September 30, 2026, pursuant to SEBI PIT Regulations. The company reported that 1 UPSI-related event occurred during the quarter, which was captured in the internal database. This filing is a standard quarterly regulatory submission with no impact on revenue or operational performance. For context, Fiberweb operates at a micro-cap size of Rs 20 Cr with TTM revenue of Rs 15 Cr.
- Compliance certificate filed for the quarter ended September 30, 2026 under SEBI PIT Regulations 3(5) and 3(6)
- Confirmed tracking of 1 event requiring entry into the Structured Digital Database during the quarter
- Database maintained internally with audit trail capability to store non-tamperable records for 8 years
- Signed and certified by the Company Secretary and Compliance Officer on October 12, 2026
Fiberweb (India) Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited). The filing confirms routine processing of dematerialisation requests during the quarter with no issues reported.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
- Pertains to the quarter ended September 30, 2026
- Issued by RTA MUFG Intime India Private Limited on October 03, 2026
- Formally communicated to stock exchanges on October 08, 2026
Fiberweb (India) Limited concluded its 41st Annual General Meeting held on September 29, 2026, where shareholders approved all five proposed resolutions. Passed items included the adoption of FY26 financial statements, the re-appointment of retiring Director Rajesh Shukla, the re-appointment of Independent Director Sorabh Gupta, alterations to the Articles of Association, and the continuation of Pravin V. Sheth as Non-Executive Non-Independent Director. Overall, resolutions 1 through 4 received 99.80% approval on votes polled, while the continuation of Pravin V. Sheth secured 99.69% approval. Voting participation covered 49.58% of outstanding shares for standard resolutions and 31.31% for the interested-promoter resolution.
- All 5 resolutions passed with over 99.68% approval of total votes polled
- Overall voter turnout stood at 49.58% across 14,273,476 polled shares out of 28,791,710 total shares
- Approval for Pravin V. Sheth's directorship continuation passed with 8,986,055 votes in favour (99.69%)
- A total of 37 shareholders attended the AGM (5 promoters and 32 public)
Fiberweb (India) Limited has dispatched letters containing the web-link to access its FY 2025-26 Annual Report to shareholders whose email addresses are not registered with the company or depositories. This intimation complies with Regulation 36(1)(b) of the SEBI Listing Regulations. The report is also hosted on the company's official website. This is an administrative procedural filing with zero direct financial impact.
- Dispatched web-link letters for accessing the Annual Report for FY 2025-26
- Filing made pursuant to SEBI Listing Regulation 36(1)(b) on September 9, 2026
- Applies specifically to members without registered email addresses with the company or depositories
- Annual report made publicly available online via company website link
Fiberweb (India) Limited has issued the notice for its 41st Annual General Meeting (AGM) scheduled for September 29, 2026, alongside publishing its Integrated Annual Report for FY 2025-26. The shareholder voting cut-off date is set for September 23, 2026, with the e-voting period spanning September 26 to September 28, 2026. Key agenda items include the adoption of FY26 financial statements, re-appointment of directors, and alteration of the Articles of Association. FY26 performance highlights published in the report show total income of ₹86.1 Cr and PAT of ₹10.0 Cr.
- 41st AGM scheduled for Tuesday, September 29, 2026, at 9:00 AM in Daman
- Cut-off date for e-voting eligibility set for September 23, 2026
- E-voting window opens September 26, 2026, and closes September 28, 2026
- Special business includes alteration of Articles of Association and continuation of Mr. Pravin V. Sheth under Reg 17(1A)
- FY26 Annual Report snapshot notes Total Income of ₹86.1 Cr and PAT of ₹10.0 Cr
Fiberweb (India) Limited's Board approved an enabling amendment to its Articles of Association (Article 55B) allowing future issuance of sweat equity shares to promoters, directors, and employees, subject to shareholder approval at the AGM on September 29, 2026. The company noted that no decision on actual issuance or allotment has been taken at this stage. Alongside, the company reported Q1 (ended June 30, 2026) revenue of ₹9.86 Cr, down 65.9% YoY from ₹28.92 Cr, and a net profit of ₹0.27 Cr compared to ₹5.06 Cr in Q1 FY26, citing supply chain and logistics disruptions.
- Approved insertion of Article 55B in Articles of Association enabling future issuance of Sweat Equity Shares to promoters, directors, and employees.
- 41st Annual General Meeting scheduled for Tuesday, September 29, 2026.
- Q1 revenue fell 65.9% YoY to ₹9.86 Cr (₹986.10 lakhs) vs ₹28.92 Cr (₹2,891.89 lakhs) in Q1 FY26.
- Q1 PAT stood at ₹0.27 Cr (₹27.34 lakhs) vs ₹5.06 Cr (₹505.86 lakhs) in Q1 FY26, with EPS of ₹0.09.
- Noted severe raw material and logistics disruptions during the quarter due to geopolitical conflicts.
Fiberweb (India) Limited published its Q1 FY27 investor presentation, reporting revenue of ₹9.86 Cr, a sharp 65.9% decline compared to ₹28.92 Cr in Q1 FY26. EBITDA fell 72.3% YoY to ₹1.87 Cr with margins compressing to 18.72% from 23.10% in the year-ago period. Net profit plummeted 94.7% YoY to ₹0.27 Cr compared to ₹5.06 Cr in Q1 FY26, though it recovered from a net loss of ₹1.52 Cr in Q4 FY26. The company currently operates with an installed capacity of 5,000 MTPA Spun Bond and 3,000 MTPA Melt blown fabrics at its Daman facility.
- Q1 FY27 revenue stood at ₹9.86 Cr, down 65.9% YoY from ₹28.92 Cr in Q1 FY26 and up marginally by 1.4% QoQ from ₹9.72 Cr in Q4 FY26.
- EBITDA declined to ₹1.87 Cr with margins contracting by 438 bps YoY to 18.72% compared to 23.10% in Q1 FY26.
- Net profit dropped 94.7% YoY to ₹0.27 Cr (EPS of ₹0.09) versus ₹5.06 Cr (EPS of ₹1.76) in Q1 FY26.
- Installed capacity remains at 8,000 MTPA (~5,000 MTPA Spun Bond and ~3,000 MTPA Melt blown) across an 85,000 sq. ft facility.
Fiberweb (India) Limited reported a Total Income of ₹10.02 Cr for Q1 FY27, generating an EBITDA of ₹1.87 Cr (18.72% EBITDA margin). Net Profit for the quarter stood at ₹0.27 Cr, representing a net profit margin of 2.73% and diluted EPS of ₹0.09. Management noted that the operating environment remained challenging for export-oriented operations due to volatile raw material prices, elevated logistics costs, and global trade uncertainties, while highlighting that the company maintains a debt-free status.
- Total Income for Q1 FY27 stood at ₹10.02 Cr
- EBITDA reported at ₹1.87 Cr with an EBITDA margin of 18.72%
- Net profit came in at ₹0.27 Cr with diluted EPS of ₹0.09
- Full year FY26 comparison base noted Total Income of ₹86.13 Cr and PAT of ₹10.01 Cr
Fiberweb (India) Limited reported standalone Q1 FY27 net sales of ₹9.86 crore, a 65.9% decline YoY from ₹28.92 crore in Q1 FY26. Net profit fell 94.6% YoY to ₹0.27 crore compared to ₹5.06 crore in Q1 FY26, though it improved sequentially from a net loss of ₹1.52 crore in Q4 FY26. Management cited severe raw material supply and logistics disruptions linked to geopolitical conflicts. In addition, the Board approved an enabling amendment to its Articles of Association to allow future issuance of sweat equity shares, subject to shareholder approval at the AGM on September 29, 2026.
- Revenue from operations plunged 65.9% YoY to ₹986.10 lakhs (₹9.86 cr) vs ₹2,891.89 lakhs in Q1 FY26
- Net profit fell 94.6% YoY to ₹27.34 lakhs (₹0.27 cr) from ₹505.86 lakhs in Q1 FY26
- EPS dropped to ₹0.09 for the quarter compared to ₹1.76 in the year-ago quarter
- Board approved enabling clause in Articles of Association for future sweat equity issuance, pending AGM approval on September 29, 2026
- Company reported operations were severely affected by raw material supply and logistics disruptions
Fiberweb (India) Limited has submitted its Structured Digital Database (SDD) compliance certificate for the quarter ended June 30, 2026. The company confirmed that it maintained an internal, non-tamperable database to track Unpublished Price Sensitive Information (UPSI) as per SEBI (Prohibition of Insider Trading) Regulations. During this specific quarter, the company recorded exactly one UPSI event. This filing is a standard regulatory requirement aimed at ensuring transparency and preventing insider trading.
- 1 UPSI event was required to be captured and was recorded during the quarter ended June 30, 2026
- The Structured Digital Database (SDD) is maintained internally and is non-tamperable
- The system is capable of maintaining records for a period of 8 years
- Compliance is certified under Regulation 3(5) and 3(6) of SEBI (PIT) Regulations
Fiberweb (India) Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, confirms the processing of securities received for dematerialization during the quarter ended June 30, 2026. This is a standard administrative filing required by SEBI to ensure the integrity of shareholding records. There are no financial or operational updates contained within this document.
- Compliance certificate issued for the quarter ended June 30, 2026
- Filed under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Registrar and Share Transfer Agent identified as MUFG Intime India Private Limited
- Confirmation provided to both NSDL and CDSL depositories
Fiberweb (India) Limited has officially appointed Mr. Milind Ghelani as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective July 1, 2026. Mr. Ghelani is a Chartered Accountant and Company Secretary with over 15 years of experience in financial services, audits, and governance. This appointment comes at a critical juncture as the company, with a TTM revenue of just ₹15 Cr, is pursuing a massive ₹168.52 Cr Spun-lace expansion project. His expertise in internal controls and financial planning will be vital for managing the company's ambitious growth strategy and debt levels.
- Mr. Milind Ghelani appointed as CFO and KMP effective from July 1, 2026
- New CFO brings over 15 years of experience in finance, accounts, and internal audit
- Company is currently executing a ₹168.52 Cr Spun-lace project, which is ~11x its TTM revenue
- Expansion aims to increase total capacity from 8,000 MTPA to 20,000 MTPA by January 2027
- Board of Directors originally approved the appointment on May 14, 2026
Fiberweb (India) Limited has announced the closure of its trading window for all designated persons and their relatives starting July 1, 2026. This routine regulatory action is taken in compliance with SEBI (Prohibition of Insider Trading) Regulations ahead of the declaration of the unaudited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the financial results are officially announced. The company will notify the stock exchanges of the specific board meeting date for the results in due course.
- Trading window closure for designated persons begins on July 1, 2026.
- Closure pertains to the unaudited financial results for the quarter ended June 30, 2026.
- The window will reopen 48 hours after the official declaration of financial results.
- PANs of designated persons will be frozen by the depository during the closure period per SEBI circulars.
- Board meeting date for result approval to be announced separately.
Fiberweb (India) Limited has announced the appointment of Mrs. Reena Gupta as a Non-Executive Non-Independent Director via a postal ballot. The ordinary resolution was passed with a significant majority, receiving 98.42% of the votes in favor from the participating public shareholders. Notably, the Promoter and Promoter Group, who hold 13,477,023 shares, abstained from voting as they were considered interested parties. The total voter turnout was relatively low, with only 53,011 votes polled out of the total share capital.
- Mrs. Reena Gupta (DIN: 11516950) officially appointed as Non-Executive Non-Independent Director.
- Resolution passed with 52,175 votes in favor (98.42%) and 836 votes against (1.58%).
- Promoter group abstained from voting, ensuring the decision was driven by public non-institutional shareholders.
- The voting process concluded on June 16, 2026, with results scrutinized by M/s Ritesh Sharma & Associates.
Fiberweb (India) has significantly revised its expansion strategy, scaling down a previously proposed Rs 165 crore investment in flushable products to a Rs 50 crore project focused on recycled felted products. While the investment is reduced by 70%, the company expects the new project to generate Rs 30 crore in profit, which is 75% of the original profit target, indicating higher capital efficiency. The board also approved the appointment of Milind Ghelani as the new CFO effective July 1, 2026. Additionally, the company reported its FY26 audited financial results with an unmodified auditor opinion.
- Revised expansion investment reduced from Rs 165 crore to Rs 50 crore due to market conditions.
- New project targets Rs 175 crore in annual revenue and Rs 30 crore in projected profitability.
- Shift in focus towards manufacturing nonwoven felted products using recycled materials.
- Appointment of Milind Ghelani as Chief Financial Officer (CFO) effective July 1, 2026.
- Audited standalone financial results for FY26 approved with an unmodified opinion from auditors.
Financial Performance
Revenue Growth by Segment
Total revenue grew by 18.5% YoY to INR 102.99 Cr in FY25 from INR 86.89 Cr in FY24. H1 FY26 revenue showed a slight contraction of 2.5% to INR 49.90 Cr compared to INR 51.21 Cr in H1 FY25, primarily due to timing of export shipments.
Geographic Revenue Split
The company is a 100% Export Oriented Unit (EOU) with approximately 75-80% of revenue derived from exports. The USA is the primary market accounting for ~80% of total exports, followed by Europe at ~10% and Australia at ~10%. Other regions include the UK, South Africa, and the Gulf.
Profitability Margins
Net Profit Margin significantly improved to 14.58% in FY25 from 8.37% in FY24. H1 FY26 Net Profit Margin further expanded to 15.25% (INR 7.61 Cr) from 12.58% (INR 6.44 Cr) in H1 FY25, driven by operational discipline and lower raw material costs.
EBITDA Margin
EBITDA Margin stood at 21.83% (INR 22.46 Cr) in FY25, a substantial increase from 14.32% (INR 11.35 Cr) in FY24. This 751 bps improvement resulted from better absorption of fixed costs and moderated input prices. H1 FY26 EBITDA margin remained strong at 21.00%.
Capital Expenditure
The company is undertaking a major debt-funded expansion of INR 168.52 Cr for a new 12,000 MTPA Spun-lace fabric project. As of September 30, 2025, INR 30.32 Cr (18% of project cost) has been incurred through internal accruals.
Credit Rating & Borrowing
Assigned CARE BBB-; Stable for long-term bank facilities (INR 115 Cr) and CARE A3 for short-term facilities (INR 20 Cr) in November 2025. The company was previously zero-debt but is now leveraging to fund its INR 168.52 Cr capex.
Operational Drivers
Raw Materials
Polypropylene (PP) is the primary raw material, accounting for the majority of the INR 55.25 Cr material cost in FY25 (approx. 54% of total revenue).
Import Sources
Raw materials are partially imported to provide a natural hedge against foreign exchange fluctuations. Specific countries are not named, but critical machinery for expansion is sourced from China.
Capacity Expansion
Current installed capacity is 8,000 MTPA (5,000 MTPA Spun-bond and 3,000 MTPA Melt-blown). Planned expansion will add 12,000 MTPA of Spun-lace fabric, bringing total capacity to 20,000 MTPA by January 2027.
Raw Material Costs
Cost of materials consumed was INR 55.25 Cr in FY25, up 16.8% from INR 47.31 Cr in FY24. Procurement strategies involve balancing domestic and imported PP to manage price volatility.
Manufacturing Efficiency
Profitability improved in FY25 due to better absorption of fixed costs across its 85,000 sq. ft. Daman plant. PBILDT margins recovered from a low of 4.94% in FY23 to 21.83% in FY25.
Logistics & Distribution
Vulnerability to freight rates is high; elevated logistics costs in FY23 previously compressed margins to 4.94% as they could not be fully passed to international clients.
Strategic Growth
Expected Growth Rate
150%
Growth Strategy
Growth will be achieved by more than doubling total capacity from 8,000 MTPA to 20,000 MTPA through the INR 168.52 Cr Spun-lace project. The strategy focuses on high-growth segments like hygiene, medical, and agro-textiles, leveraging 40 years of technical expertise and 100% EOU status.
Products & Services
Spun-bond non-woven fabrics, Melt-blown non-woven fabrics, medical and industrial gowns, overalls, aprons, car covers, and specialized fabrics for hygiene and agriculture.
Brand Portfolio
Fiberweb
New Products/Services
Spun-lace non-woven fabrics are the primary new product line, expected to contribute significantly to revenue post-2027 commissioning.
Market Expansion
Targeting expansion in technical textile applications for defense, infrastructure, and smart wearable textiles in FY 2025-26.
Market Share & Ranking
Positioned as a leader in the Indian non-woven fabric industry; first in India to venture into spun-bond non-woven fabrics.
Strategic Alliances
The company is exploring technological partnerships and inorganic growth opportunities to stay competitive in the evolving technical textile industry.
External Factors
Industry Trends
The technical textile sector is growing due to increased adoption in medical, defense, and infrastructure. Global supply diversification (China+1) is benefiting Indian exporters like Fiberweb.
Competitive Landscape
Operates in a competitive global market for non-woven fabrics, competing with both domestic manufacturers and large-scale international producers.
Competitive Moat
Sustainable moat built on a 40-year operational track record, specialized technical expertise in non-woven fabrics, and long-standing relationships with international clients in regulated sectors like healthcare.
Macro Economic Sensitivity
Highly sensitive to global demand for hygiene and medical products. Margins are sensitive to global crude oil prices which dictate Polypropylene (PP) costs.
Consumer Behavior
Rising global hygiene awareness and demand for disposable medical wear are driving long-term volume growth for melt-blown and spun-bond products.
Geopolitical Risks
Trade barriers or supply chain disruptions in China could delay the INR 168.52 Cr capex project due to machinery import dependencies.
Regulatory & Governance
Industry Regulations
Must comply with international standards for medical and hygiene products; subject to 100% EOU regulations and export-import statutes.
Environmental Compliance
Certified ISO 14001:2015 (Environmental Management) and ISO 45001:2018 (Occupational Health and Safety).
Taxation Policy Impact
Effective tax rate is approximately 11.4% based on FY25 figures (INR 1.93 Cr tax on INR 16.93 Cr PBT). Deferred Tax Asset of INR 1.68 Cr as of March 2025.
Risk Analysis
Key Uncertainties
Project execution risk for the INR 168.52 Cr expansion; only 18% complete as of late 2025. Potential for cost/time overruns could impact the 2027 COD.
Geographic Concentration Risk
Extreme concentration with ~80% of exports going to the USA, making the company vulnerable to US-specific economic or regulatory shifts.
Third Party Dependencies
High dependency on Chinese machinery suppliers for the new project and global PP producers for raw materials.
Technology Obsolescence Risk
The shift toward 'smart' textiles and sustainable/biodegradable non-wovens requires ongoing R&D to avoid obsolescence.
Credit & Counterparty Risk
Trade receivables increased to INR 16.67 Cr in FY25 from INR 12.52 Cr in FY24, reflecting higher sales volume but requiring careful monitoring of international credit terms.
