Libas Consumer Products Limited (LIBAS)
₹12.15 +0.33% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Libas Consumer's revenue was ₹12.7 Cr (-30.2% year on year, -25.9% on the previous quarter), and net profit ₹0.0 Cr (against a loss a year earlier); the operating margin was 5.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹12.7 | -30.2% | -25.9% |
| Operating profit | ₹0.7 | -35.7% | from loss |
| Net profit | ₹0.0 | from loss | from loss |
| EPS (₹) | 0.18 | from loss | from loss |
| Operating margin | 5.5% | — | — |
LIBAS delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 73.29% of the LIBAS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 62.72%. That is close to its usual level. Turnover was only ₹7 lakh, so a handful of trades can move this figure. Volume was 0.5 times its average, well below normal.
Delivery in the last 5 sessions: 68.8% · 83.7% · 55.7% · 97.3% · 73.3%
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
Libas Consumer Products Limited has opened a new wholesale store at APMC Market, Vashi, Navi Mumbai. The facility is dedicated to the wholesale trading of coconut, rock salt, pink salt, and other consumer products. This aligns with the company's strategic pivot toward consumer goods, where rock salt previously accounted for ~35% of consolidated revenue. Financial details including capex and expected revenue were not disclosed in the filing.
- Opened new wholesale store at APMC Market, Vashi, Navi Mumbai
- Focuses on wholesale trading of Coconut, Rock Salt, Pink Salt, and other consumer products
- Store opening formally notified to the exchange on October 13, 2026
- Capital expenditure and expected store revenue were not disclosed
Libas Consumer Products Limited held its 22nd Annual General Meeting on September 30, 2026, where shareholders passed all proposed ordinary resolutions with 100% approval of votes cast. The passed resolutions included the adoption of the standalone and consolidated financial statements for FY26 and the re-appointment of Managing Director Mr. Riyaz Ganji. A total of 32 shareholders attended via video conference, representing 44,69,454 votes (16.97% of total voting capital) for adoption of accounts. As a procedural annual compliance event, the filing contains no new financial or operational developments.
- All resolutions passed with 100% of votes cast in favour
- Adoption of FY26 financial statements approved with 44,69,454 votes (16.97% turnout)
- Re-appointment of Managing Director Mr. Riyaz Ganji approved with 4,23,018 votes from non-interested shareholders
- A total of 32 members attended the AGM held via video conferencing on September 30, 2026
Libas Consumer Products has submitted an application alongside a draft offer letter to the National Stock Exchange of India (NSE) seeking in-principle approval for a proposed Rights Issue. This filing follows the earlier board meeting outcome dated September 9, 2026. The issue size, ratio, and issue price have not been disclosed in this document. With a current market capitalization of approximately Rs 27 Cr and net worth of Rs 85 Cr, any capital raise via rights will be key to track for equity dilution.
- Application filed with NSE along with draft offer letter on September 18, 2026
- Proceeds follow preliminary board approval granted on September 9, 2026
- Total issue size, pricing, and entitlement ratio remain not disclosed in this filing
Libas Consumer Products has re-approved raising up to ₹14.50 crore via a rights issue of equity shares with face value ₹10 each. The issue was originally approved on June 2, 2026, but the draft offer letter could not be filed within the 23-working-day regulatory timeline under SEBI's March 11, 2025 circular, necessitating a fresh board approval on September 9, 2026. The proposed fundraise is substantial, representing ~66% of the company's current market cap of ₹22 crore. Brickwork Ratings India Private Limited has been appointed as the monitoring agency.
- Approved rights issue to raise an aggregate amount not exceeding ₹14.50 crore
- Fundraise represents ~66% of the company's current market capitalisation of ₹22 crore
- Previous approval on June 2, 2026 lapsed due to inability to file draft offer letter within SEBI's 23-working-day window
- Appointed Brickwork Ratings India Private Limited as Monitoring Agency
- Constituted Rights Issue Committee comprising Mr. Riyaz Ganji, Mr. Nishant Mahimtura, and Mr. Ashish Dubey
Libas Consumer Products has re-approved raising up to ₹14.50 crore via a rights issue of equity shares of face value ₹10 each. The board had originally approved the issue on June 2, 2026, but failed to file the draft offer letter within the SEBI-mandated 23-working-day window. The proposed ₹14.50 crore fundraise represents roughly 66% of the company's current market cap of ₹22 crore. Brickwork Ratings India Private Limited has been appointed as the monitoring agency.
- Approved raising of funds via Rights Issue up to ₹14.50 crore
- Equity shares to be issued at a face value of ₹10 each
- Re-approved after company missed the 23-working-day filing timeline from the June 2, 2026 board approval
- Appointed Brickwork Ratings India Private Limited as the Monitoring Agency
Libas Consumer Products Limited has scheduled its 22nd Annual General Meeting (AGM) for Wednesday, September 30, 2026, to be held via Video Conferencing. Alongside the notice, the company circulated its Annual Report for the financial year ended March 31, 2026. The ordinary business agenda includes adopting standalone and consolidated financial statements for FY26 and the reappointment of Managing Director Riyaz Ganji, who retires by rotation.
- 22nd Annual General Meeting scheduled for September 30, 2026, at 01:00 p.m. IST via Video Conferencing
- Adoption of FY26 Standalone and Consolidated Financial Statements on the agenda
- Re-appointment of Riyaz Ganji (DIN: 02236203) as Director upon retirement by rotation
- E-voting and VC attendance facilities provided through Bigshare Services for up to 1,000 members
Libas Consumer Products has confirmed the full utilization of ₹1,827.96 lakh raised through its Rights Issue conducted in late 2022. As of the quarter ended June 30, 2026, the company reports zero deviation from the objects stated in its prospectus. The funds were deployed toward working capital (₹12.28 crore) and marketing for the 'KNG' innerwear brand (₹6.00 crore). This filing serves as a final confirmation of the capital deployment cycle for this specific fundraise.
- Total funds raised via Rights Issue in 2022: ₹1,827.96 lakh
- Amount utilized for Working Capital requirements: ₹1,227.96 lakh
- Amount utilized for Marketing of 'KNG' innerwear brand: ₹600.00 lakh
- Reported deviation or variation for the quarter ended June 30, 2026: Nil
Libas Consumer Products Limited has announced its 22nd Annual General Meeting (AGM) will be held on September 30, 2026. The company has fixed September 23, 2026, as the record date for determining shareholder eligibility for the meeting. This is a standard regulatory procedure for the Rs 28 crore market cap company. Investors should monitor the upcoming Annual Report for details on the Rock Salt segment, which now contributes 35% of revenue.
- 22nd Annual General Meeting scheduled for September 30, 2026
- Record date for the purpose of the meeting is September 23, 2026
- Board approval for the meeting was granted on August 14, 2026
- Meeting to be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM)
Libas Consumer Products Limited has announced that its 22nd Annual General Meeting (AGM) will be held on September 30, 2026. The meeting will be conducted virtually via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). This follows a board meeting held on August 14, 2026, where the convening of the AGM was approved. The company will share the formal Notice and Annual Report in due course.
- 22nd Annual General Meeting (AGM) to be held on September 30, 2026
- Board of Directors approved the meeting date on August 14, 2026
- Meeting to be conducted via VC/OAVM in compliance with SEBI regulations
- Notice and Annual Report for FY26 to be dispatched to shareholders shortly
Libas Consumer Products has scheduled its 22nd Annual General Meeting (AGM) for September 30, 2026, to be held via video conferencing. This follows a fiscal year where the company reported TTM revenue of Rs 78 Cr but a very thin net profit of Rs 0.20 Cr. The meeting is expected to cover the company's strategic shift into the Rock Salt segment, which now accounts for 35% of consolidated revenue. Investors should look for the upcoming Annual Report for detailed performance metrics of its UAE subsidiary, which recently contributed Rs 6.88 Cr in a single quarter.
- 22nd Annual General Meeting scheduled for September 30, 2026
- Board approval for the meeting was granted on August 14, 2026
- Company reported TTM revenue of Rs 78 Cr against a small market cap of Rs 28 Cr
- Rock Salt segment now contributes 35% of total consolidated revenue
Libas Consumer Products reported a 30.2% YoY decline in consolidated revenue to ₹12.70 Cr for the quarter ended June 30, 2026. Despite the revenue contraction, the company posted a marginal consolidated net profit of ₹4.89 Lakhs, recovering from a loss of ₹1.65 Cr in the same period last year (which was hit by a ₹2.40 Cr fire-related exceptional loss). The business is increasingly reliant on its Rock Salt segment, which generated a profit of ₹2.44 Cr, effectively subsidizing a ₹1.77 Cr loss in the core Garment division.
- Consolidated revenue fell to ₹12.70 Cr from ₹18.20 Cr in the year-ago quarter.
- Rock Salt segment remains the sole profit driver with a segment result of ₹2.44 Cr on revenue of ₹4.90 Cr.
- Garment segment reported a loss of ₹1.77 Cr, continuing to drag down overall performance.
- Outstanding undisputed tax liabilities for GST, TDS, and Profession Tax across multiple years (FY19 to FY24) were noted in the filing.
- The 22nd Annual General Meeting (AGM) is scheduled for September 30, 2026.
Libas Consumer Products has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Transfer Agent (RTA), Bigshare Services Private Limited, confirmed the status of share dematerialization for the period. This is a standard administrative filing required to ensure that share records are correctly synchronized between the company and the depositories (NSDL and CDSL). The document notes that no dematerialization requests were processed during the specified period.
- Compliance certificate submitted for the quarter ended June 30, 2026
- RTA Bigshare Services confirmed 0 dematerialization requests were received for the period mentioned in the certificate
- The RTA letter was issued on July 9, 2026, and filed with the exchange on July 16, 2026
- Confirmation provided in accordance with SEBI circulars dated January 25, 2019
Libas Consumer Products Limited has received shareholder approval to increase its Authorized Share Capital and amend its Memorandum of Association. The resolution was passed as an Ordinary Resolution via postal ballot, with 100% of the 5,350,398 polled votes in favor. While the specific new capital limit was not disclosed in this filing, such a move is typically a precursor to equity-based fundraising or stock-related corporate actions. The company currently operates with a TTM revenue of ₹78 Cr and a thin OPM of 2.7%.
- Resolution to increase Authorized Share Capital passed with 100% approval of votes polled on July 10, 2026.
- Total votes polled amounted to 5,350,398, representing 20.31% of the total 26,344,580 outstanding shares.
- Promoter group participation in the vote was 48.10% of their total 8,411,787 shares held.
- Public non-institutional participation was low at 7.27% of their 17,932,793 shares held.
- The company reported 20,878 total shareholders as of the record date, June 5, 2026.
Libas Consumer Products Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI insider trading regulations. This closure is a standard procedure ahead of the declaration of the company's unaudited financial results for the quarter ending June 30, 2026. The trading restriction applies to all designated persons and their immediate relatives. The window will remain closed until 48 hours after the results are officially declared to the exchanges.
- Trading window closure effective from July 1, 2026, for all designated persons.
- Closure pertains to the upcoming unaudited financial results for the quarter ending June 30, 2026.
- The window will reopen 48 hours after the board meeting results are announced.
- Compliance follows SEBI (Prohibition of Insider Trading) Regulations, 2015.
Libas Consumer Products Limited has issued a Postal Ballot notice to seek shareholder approval for increasing its authorized share capital from ₹28 crore to ₹40.6 crore. This expansion involves the creation of 1.26 crore additional equity shares with a face value of ₹10 each. The e-voting process is scheduled to run from June 10, 2026, to July 9, 2026. Such a move is typically a precursor to a future fundraise, such as a rights issue, bonus issue, or preferential allotment.
- Proposed increase in authorized share capital from ₹28,00,00,000 to ₹40,60,00,000.
- Creation of 1,26,00,000 additional equity shares of ₹10 each ranking pari-passu with existing shares.
- Remote e-voting period commences on June 10, 2026, and concludes on July 9, 2026.
- The cut-off date for determining shareholder eligibility for voting is June 5, 2026.
- Consequent amendment to Clause 5.a of the Memorandum of Association (MoA) is required.
Financial Performance
Revenue Growth by Segment
Consolidated revenue for H1 FY26 (ended Sept 30, 2025) was INR 39.05 Cr. The Garment segment generated INR 25.24 Cr (64.6% of total), declining 5.02% YoY from INR 26.58 Cr. The Rock Salt segment generated INR 13.81 Cr (35.4% of total), growing 10.51% YoY from INR 12.50 Cr.
Geographic Revenue Split
The company operates in India and the UAE. The UAE subsidiary, Libas Consumer Products Limited FZE LLC, contributed INR 6.88 Cr to revenue in Q2 FY26, representing approximately 33% of the consolidated quarterly revenue of INR 20.85 Cr.
Profitability Margins
Standalone FY25 net margin was -2.87% (Net Loss of INR 1.57 Cr on revenue of INR 54.94 Cr). Q2 FY23 PAT margin was 13.6%, improving from 13.4% YoY. However, consolidated H1 FY26 showed a PBT loss of INR 0.55 Cr compared to a profit of INR 2.94 Cr in the previous year, primarily due to exceptional items of INR 2.40 Cr.
EBITDA Margin
EBITDA margin in Q2 FY23 was 16.3%, a decrease from 19.0% in Q2 FY22. This decline was driven by a 47.6% increase in operating expenses (INR 23.55 Cr vs INR 15.96 Cr) which outpaced the 42.8% revenue growth.
Capital Expenditure
Standalone Property, Plant and Equipment (PPE) stood at INR 1.05 Cr as of March 31, 2025, a decrease from INR 1.15 Cr in FY24, indicating minimal new capital investment and a reliance on existing fabrication infrastructure.
Credit Rating & Borrowing
The company held a CARE BB+ (Stable) rating for bank facilities totaling INR 11.14 Cr. Standalone finance costs for FY25 were INR 1.36 Cr on borrowings of INR 12.68 Cr, implying an average interest rate of approximately 10.7%.
Operational Drivers
Raw Materials
Primary raw materials include Fabric (for garment fabrication) and Rock Salt (for the consumer products division). Fabric costs are the largest component, with total standalone cost of materials consumed reaching INR 48.93 Cr in FY25, or 89% of revenue.
Import Sources
The company sources materials domestically in India and utilizes its UAE-based subsidiary (Ajman, UAE) for international operations and potentially for sourcing/trading activities in the Middle East.
Key Suppliers
Not specifically named in the documents, but the company relies on a fragmented network of fabric suppliers and rock salt miners/distributors.
Capacity Expansion
Current operations focus on fabrication through customization. While specific MTPA/unit capacity is not disclosed, the company has expanded its business scope from 'Libas Designs' to 'Libas Consumer Products' to include Rock Salt distribution.
Raw Material Costs
Standalone raw material costs were INR 48.93 Cr in FY25, up 10.1% from INR 44.44 Cr in FY24. The high cost-to-revenue ratio (89%) leaves the company highly sensitive to fluctuations in fabric prices.
Manufacturing Efficiency
Manufacturing is primarily 'fabrication through customization.' Efficiency is impacted by inventory management, with a significant inventory write-down of INR 3.00 Cr recorded in FY25.
Logistics & Distribution
Distribution costs are part of operating expenses; the expansion into Rock Salt (INR 13.81 Cr H1 FY26 revenue) has increased the logistical complexity compared to the bespoke garment business.
Strategic Growth
Expected Growth Rate
42.80%
Growth Strategy
Growth is driven by diversification into the Rock Salt segment, which now accounts for 35% of consolidated revenue. The company is also leveraging its UAE subsidiary (FZE LLC) to capture international market share, contributing INR 6.88 Cr in quarterly revenue.
Products & Services
Custom-made garments (men's suits, ethnic wear, wedding attire) and Rock Salt consumer products.
Brand Portfolio
Riyaz Gangji Libas, Libas Consumer Products.
New Products/Services
The shift into Rock Salt products is the primary new revenue driver, contributing INR 13.81 Cr in H1 FY26.
Market Expansion
Expansion into the Middle East via the Ajman, UAE subsidiary, which is already generating significant revenue (INR 6.88 Cr in Q2 FY26).
Market Share & Ranking
Not disclosed; the company operates in a 'highly competitive and fragmented industry' as per credit rating reports.
Strategic Alliances
The company operates a wholly-owned subsidiary, LIBAS CONSUMER PRODUCTS LIMITED FZE LLC, in the UAE to manage international trade and operations.
External Factors
Industry Trends
The industry is shifting toward diversified consumer goods. Libas is positioning itself by moving from a pure-play fashion house to a broader consumer products company, growing its non-garment revenue to 35% of the total.
Competitive Landscape
Competes with other designer labels and large ethnic wear retailers (e.g., Manyavar) as well as unorganized local tailors and fabricators.
Competitive Moat
The moat is based on the 'Riyaz Gangji' brand and the niche of custom fabrication. However, this is a 'narrow moat' as it is highly dependent on brand reputation and faces intense competition from both organized and unorganized players.
Macro Economic Sensitivity
Highly sensitive to consumer discretionary spending in India; a slowdown in the wedding or luxury retail market would directly reduce demand for custom garments.
Consumer Behavior
Increasing demand for branded ethnic wear and specialized consumer health products (Rock Salt) is driving the current segment mix.
Geopolitical Risks
Operations in the UAE (Ajman) expose the company to Middle Eastern trade regulations and regional economic stability.
Regulatory & Governance
Industry Regulations
Subject to textile manufacturing standards and food safety regulations for the Rock Salt segment. Compliance with SEBI Listing Obligations (Regulation 33) is mandatory for its NSE SME listing.
Environmental Compliance
Not disclosed; however, the company must comply with textile processing and food-grade standards for its Rock Salt division.
Taxation Policy Impact
The company provided for current tax of INR 0.14 Cr in H1 FY26. Standalone FY25 saw a tax adjustment of INR 0.29 Cr for earlier years.
Legal Contingencies
The documents do not list specific pending court cases or case values in INR, though they mention standard internal control and audit procedures.
Risk Analysis
Key Uncertainties
The primary uncertainty is the volatility of the Garment segment, which saw a 5% revenue decline in H1 FY26. Exceptional items (INR 2.40 Cr) frequently impact bottom-line stability.
Geographic Concentration Risk
Approximately 67% of revenue is derived from India, with 33% from the UAE, providing some geographic diversification but high dependence on these two markets.
Third Party Dependencies
High dependency on third-party fabricators and suppliers, as the company's own PPE is relatively small (INR 1.05 Cr) compared to its revenue scale.
Technology Obsolescence Risk
Low risk of technical obsolescence, but high risk of 'fashion obsolescence,' necessitating the INR 3.00 Cr inventory write-down in FY25.
Credit & Counterparty Risk
Trade receivables are high at INR 29.36 Cr (Standalone, March 2025), representing over 50% of annual revenue, indicating significant credit risk and potential for bad debts.
