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GUJRAFFIA - Guj. Raffia Inds

📊 NSE: GUJRAFFIA 🏢 Textiles - Products 📅 Last Updated: 12/13/2025 22:42

📢 Recent Corporate Announcements

Gujarat Raffia Q3 FY26 Revenue Surges 292% YoY to ₹23.90 Cr; Net Profit Up 38%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 13 Feb 2026, 05:23 PM

Gujarat Raffia Industries reported a massive jump in revenue from operations, reaching ₹23.90 crore in Q3 FY26 compared to ₹6.10 crore in the same quarter last year. Despite the nearly four-fold increase in revenue, net profit grew more modestly by 38% to ₹10.51 lakhs, primarily due to a sharp rise in raw material costs. For the nine-month period, the company has already surpassed its full-year FY25 revenue, posting ₹61.57 crore. The operating margins remain thin as the surge in top-line growth is heavily offset by input costs.

Revenue from operations skyrocketed by 292% YoY to ₹23.90 crore in Q3 FY26.
Net Profit for the quarter increased by 37.7% YoY to ₹10.51 lakhs from ₹7.63 lakhs.
9M FY26 revenue stands at ₹61.57 crore, nearly triple the ₹22.09 crore reported in 9M FY25.
Cost of materials consumed rose significantly to ₹21.12 crore, representing 88% of total revenue.
Earnings Per Share (EPS) improved to ₹0.19 for the quarter compared to ₹0.14 in the previous year.

💡 Investors should monitor if the company can translate this massive revenue scaling into better bottom-line margins in future quarters. The stock remains a small-cap play with high sensitivity to raw material price fluctuations.

Gujarat Raffia Q3 FY26 Revenue Surges 292% YoY to ₹23.90 Cr; PAT at ₹10.51 Lakhs

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 13 Feb 2026, 05:18 PM

Gujarat Raffia Industries reported a massive year-on-year surge in revenue for Q3 FY26, with operations generating ₹23.90 crore compared to just ₹6.10 crore in the same quarter last year. Despite the top-line growth, net profit saw a more modest increase to ₹10.51 lakhs from ₹7.63 lakhs due to a significant rise in raw material costs. Sequentially, the company faced a decline in both revenue and profitability compared to the September 2025 quarter. The 9-month performance remains strong with total income reaching ₹61.88 crore, nearly tripling from the previous year's ₹22.22 crore.

Revenue from operations grew by 292% YoY to ₹2389.79 lacs from ₹609.65 lacs.
Net Profit after Tax increased by 37.7% YoY to ₹10.51 lacs from ₹7.63 lacs.
Total expenses rose sharply to ₹2404.35 lacs, with raw material costs accounting for ₹2111.99 lacs.
9-month Net Profit stands at ₹63.27 lacs, up from ₹42.37 lacs in the previous year period.
Earnings Per Share (EPS) for the quarter improved to ₹0.19 from ₹0.14 YoY, though down from ₹0.35 in Q2.

💡 Investors should exercise caution as the company's net profit margins remain extremely thin despite the high revenue growth. Monitor the company's ability to manage raw material costs and improve operational efficiency to translate higher sales into meaningful bottom-line growth.

Gujarat Raffia Reports 100% SDD Compliance for Q3 FY26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 21 Jan 2026, 11:21 PM

Gujarat Raffia Industries Limited has submitted its Structured Digital Database (SDD) compliance certificate for the quarter ended December 31, 2025. The company confirmed that it successfully captured all 4 required events involving Unpublished Price Sensitive Information (UPSI) during the period. The database is maintained internally, is non-tamperable, and includes an audit trail for the last 8 years. This filing demonstrates the company's adherence to SEBI's Prohibition of Insider Trading (PIT) Regulations.

Successfully captured all 4 required UPSI events during the quarter ended December 31, 2025.
Maintains a non-tamperable internal database with an 8-year audit trail as per SEBI PIT Regulations.
Confirmed zero non-compliances for the current and previous quarters.
Compliance certificate issued under Regulation 3(5) and 3(6) of SEBI PIT Regulations.

💡 This is a routine regulatory filing indicating standard corporate governance regarding insider trading norms. No specific trading action is required based on this announcement.

Gujarat Raffia Exempt from Q3 FY26 Corporate Governance Filing Requirements

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 21 Jan 2026, 10:48 PM

Gujarat Raffia Industries Limited has informed stock exchanges that it is exempt from submitting the quarterly Corporate Governance Report for the period ended December 31, 2025. This exemption is provided under Regulation 15(2) of SEBI (LODR) Regulations, 2015, for smaller listed entities. The company qualifies for this relaxation as its paid-up equity share capital does not exceed ₹10 crore and its net worth does not exceed ₹25 crore as of the end of the previous financial year (2024-25). This is a routine regulatory disclosure and does not impact the company's operational status.

Exemption claimed under Regulation 15(2) of SEBI (LODR) Regulations, 2015 for the quarter ended Dec 31, 2025.
Paid-up equity share capital is below the ₹10 crore threshold as of March 31, 2025.
Net worth remains below the ₹25 crore limit as per the previous financial year's audited figures.
The company is currently not required to comply with specific governance provisions under regulations 17 to 27.

💡 No action is required as this is a standard regulatory filing for companies meeting specific size-based exemption criteria. Investors should continue to monitor the company's financial performance in upcoming quarterly results.

Gujarat Raffia Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Jan 2026, 10:12 PM

Gujarat Raffia Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by its Registrar and Transfer Agent, Accurate Securities & Registry Private Limited, confirms that share certificates received for dematerialization were processed within the stipulated time limits. The filing ensures that physical certificates were mutilated and cancelled after due verification, with the depository's name updated in the records. This is a standard administrative procedure for all listed companies in India.

Compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Confirmation that dematerialization requests were processed within the mandated timeframe
Verification that physical security certificates were mutilated and cancelled as per operational procedures
Certificate issued by Registrar and Transfer Agent for the quarter ended December 31, 2025

💡 No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's financial performance and operational updates.

Gujarat Raffia Industries Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 01 Jan 2026, 10:13 PM

Gujarat Raffia Industries Limited has informed the exchanges that its trading window will be closed starting January 1, 2026. This closure is in compliance with SEBI Insider Trading regulations ahead of the declaration of un-audited standalone financial results for the quarter ending December 31, 2025. The window will remain closed until 48 hours after the board meeting results are officially announced. The specific date for the board meeting to approve these results will be shared in a separate notification.

Trading window closure effective from January 1, 2026.
Closure relates to the un-audited standalone financial results for the quarter ending December 31, 2025.
Trading restriction remains in place until 48 hours after the financial results are declared.
PAN of Designated Persons will be frozen by CDSL to prevent insider trading during this period.

💡 No action is required as this is a routine regulatory filing; investors should monitor for the upcoming board meeting date to review the company's quarterly performance.

View All GUJRAFFIA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total income for the half-year ended September 30, 2025, reached INR 37.75 Cr. Specific segment-wise revenue splits were not disclosed, but the company highlights growth in domestic markets for tarpaulin, fabric, and sacks.

Profitability Margins

Profit before tax (PBT) margin for the half-year ended September 30, 2025, was approximately 1.88% (INR 0.71 Cr PBT on INR 37.75 Cr total income).

EBITDA Margin

Estimated EBITDA margin for the half-year ended September 30, 2025, is 5.79%, calculated from PBT (INR 0.71 Cr) plus Depreciation (INR 1.12 Cr) and Finance Costs (INR 0.35 Cr).

Capital Expenditure

The company planned to complete plant capacity expansions by the end of FY 2024-25. Depreciation increased by 65.6% YoY to INR 1.12 Cr for the half-year ended September 2025, reflecting significant recent asset additions.

Credit Rating & Borrowing

Not disclosed. Non-current borrowings were INR 2.18 Cr as of September 30, 2025, a reduction of 22.6% from INR 2.82 Cr in the previous year.

⚙️ Operational Drivers

Raw Materials

Petrochemical-based polymers (PP/PE) represent the primary raw material cost, estimated at 82% of total income (INR 30.95 Cr for H1 FY26).

Key Suppliers

Not disclosed; documents refer generally to large petrochemical manufacturers.

Capacity Expansion

Plant capacity expansions were scheduled for completion by the end of FY 2024-25 to drive growth in domestic tarpaulin and fabric markets.

Raw Material Costs

Raw material and manufacturing-related costs totaled INR 30.95 Cr for the half-year ended September 30, 2025, representing approximately 82% of total income.

📈 Strategic Growth

Growth Strategy

The company plans to achieve growth through the completion of plant capacity expansions by the end of 2024-25. It is targeting increased demand in domestic markets for tarpaulin, fabric, and sacks, specifically driven by the expansion of food-grain packaging by government agencies and a significant presence in the fertilizer and agriculture sectors.

Products & Services

Tarpaulin, HDPE/PP woven fabric, and sacks used for food-grain and fertilizer packaging.

Market Expansion

Targeting domestic markets for tarpaulin, fabric, and sacks, particularly in the fertilizer and agriculture sectors.

🌍 External Factors

Industry Trends

The industry is seeing a shift towards increased government procurement for food-grain packaging, which is expected to drive domestic demand for sacks and fabric. Despite a global slowdown, the domestic market for tarpaulin remains optimistic due to its applications in agriculture.

Competitive Landscape

Large petrochemical manufacturers provide significant competition due to their scale and lower cost structures for raw materials.

Competitive Moat

The company's moat is based on its established presence in the fertilizer and agriculture sectors and its ability to secure government-driven packaging contracts, providing a competitive foothold in the domestic market.

Macro Economic Sensitivity

Sensitive to global economic slowdowns and domestic agricultural cycles.

Geopolitical Risks

Global slowdown mentioned as a potential risk factor affecting industrial demand.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with Ind AS and GST regulations is required; however, GST reconciliation was pending as of the last audit.

Taxation Policy Impact

The company reported a tax provision of INR (18.35) lacs for the half-year ended September 30, 2025.

Legal Contingencies

As of March 31, 2025, balances with revenue authorities and unpaid duties/taxes related to GST are pending reconciliation. The company has also not provided for or quantified deferred tax assets/liabilities.