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Pioneer Embroideries Limited (PIONEEREMB)

₹20.06 +0.15% last close, 16 Oct

📊 NSE: PIONEEREMB 🏢 Textiles - Products 📢 Latest filing: 20 Aug 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Pioneer Embroideries' revenue was ₹96.7 Cr (+12.3% year on year, +12.4% on the previous quarter), and net profit ₹0.1 Cr (-89.1% year on year); the operating margin was 4.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹96.7	+12.3%	+12.4%
Operating profit	₹3.9	+19.1%	-25.8%
Net profit	₹0.1	-89.1%	-97.2%
EPS (₹)	0.04	-88.6%	-97.0%
Operating margin	4.1%	—	—

Full quarterly financials → Results calendar →

PIONEEREMB delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 73.39% of the PIONEEREMB shares traded on NSE were taken to delivery, against the stock's own 20-session average of 77.88%. That is close to its usual level. Turnover was under ₹1 lakh, so a handful of trades can move this figure. Volume was under a tenth of its average.

73.39%Delivery, 16 Oct

77.88%Own 20-session average

<0.1×Volume vs its average

₹20.06NSE close · +0.15%

Delivery in the last 5 sessions: 61.5% · 71.6% · 89.1% · 92.2% · 73.4%

Delivery across the market →

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

Pioneer Embroideries Shareholders Approve All Resolutions at 34th AGM with 100% In-Favour Votes

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 20 Aug 2026, 05:40 PM

Pioneer Embroideries Limited announced the voting results and Scrutinizer's Report for its 34th Annual General Meeting held on August 20, 2026. Shareholders approved all three resolutions unanimously with 100% votes cast in favour, representing 12,637,654 polled votes out of 30,815,442 total shares (41.01% turnout). Key items passed included the adoption of FY26 audited financial statements, the reappointment of retiring director Raj Kumar Sekhani, and the remuneration of the Cost Auditor for FY27.

All 3 resolutions passed unanimously with 100% of votes cast in favour (12,637,654 votes)
Total voter participation stood at 41.01% of total outstanding shares (30,815,442 shares)
Adopted audited financial statements for FY ended March 31, 2026
Approved reappointment of director Mr. Raj Kumar Sekhani who retired by rotation
Ratified appointment and remuneration of Cost Auditor for FY ending March 31, 2027

💡 Track subsequent quarterly financial performances and operational margin improvements following the expanded manufacturing capacity.

Pioneer Embroideries Concludes 34th AGM; 3 Ordinary Resolutions Put to Vote

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 20 Aug 2026, 12:31 PM

Pioneer Embroideries Limited held its 34th Annual General Meeting (AGM) on August 20, 2026, via video conferencing with 52 members present. The agenda included the adoption of FY26 financial statements, the re-appointment of Director Raj Kumar Sekhani (retiring by rotation), and the appointment/remuneration of Cost Auditors M/s. D S A & Co. Remote e-voting took place from August 17 to August 19, 2026, alongside insta-voting during the meeting. Scrutinizer voting results are scheduled to be disclosed on or before August 22, 2026.

34th Annual General Meeting conducted on August 20, 2026, lasting 20 minutes (11:00 AM to 11:20 AM)
52 members including 1 body corporate attended the virtual meeting
3 ordinary resolutions placed before shareholders including adoption of FY26 audited accounts
Final scrutinizer voting results to be announced on or before August 22, 2026

💡 Track the final voting results filing expected by August 22, 2026, to verify formal approval of all ordinary resolutions.

₹96.32 Cr Q1 Revenue up 12% YoY; Net Profit drops to ₹0.12 Cr on Margin Pressure

🔴 NEGATIVE ⭐ 6/10

EARNINGS 📅 14 Aug 2026, 02:32 PM

Pioneer Embroideries reported a 12.1% YoY increase in consolidated revenue to ₹96.32 Cr for Q1 FY27. Despite the top-line growth, consolidated net profit fell sharply to ₹0.12 Cr from ₹1.06 Cr in the previous year's quarter. This decline was driven by a 28.7% surge in raw material costs, which now consume 67.3% of sales compared to 58.7% YoY. Profitability was largely sustained by 'Other Income' of ₹1.80 Cr, which included a one-time gain of ₹1.32 Cr from selling old machinery.

Consolidated revenue from operations grew 12.1% YoY to ₹96.32 Cr.
Raw material costs increased to ₹64.86 Cr from ₹50.39 Cr in the year-ago period.
Consolidated net profit declined 89% YoY to ₹0.12 Cr.
Other income includes a non-recurring gain of ₹1.32 Cr from the disposal of old machinery.
Finance costs reduced by 29% YoY to ₹1.85 Cr, providing some relief to the bottom line.

💡 Investors should monitor the company's ability to pass on raw material price increases, as current operating margins are extremely thin. Watch for improved capacity utilization from the Degaon unit to see if it can offset rising input costs without relying on asset sales.

June 30, 2026: Pioneer Embroideries Submits Quarterly SEBI Dematerialization Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 16 Jul 2026, 05:44 PM

Pioneer Embroideries Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The filing confirms that the Registrar and Share Transfer Agent (RTA) processed all dematerialization requests within the prescribed timelines. It further verifies that physical share certificates were mutilated and cancelled after the name of the depositories was substituted in the register of members. This is a routine regulatory filing with no impact on the company's financial position or business operations.

Reporting period: Quarter ended June 30, 2026
Regulation: 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Processing: RTA confirmed/rejected demat requests within prescribed timelines

💡 This is a routine administrative filing; investors should monitor the company's upcoming quarterly financial results for actual business performance updates.

Pioneer Embroideries Reports 100% Compliance with 24 Events Captured in SDD for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 10 Jul 2026, 03:39 PM

Pioneer Embroideries Limited has filed its quarterly compliance certificate for the Structured Digital Database (SDD) for the quarter ended June 30, 2026. The company confirmed that it captured 24 specific events involving Unpublished Price Sensitive Information (UPSI) during the period. This filing is a mandatory requirement under SEBI (Prohibition of Insider Trading) Regulations to ensure transparency and prevent market abuse. The company reported zero days of non-compliance, indicating adherence to internal governance protocols.

Successfully captured 24 specific events in the Structured Digital Database during the quarter
Reported NIL days of non-compliance for the period ended June 30, 2026
Confirmed the database is non-tamperable with audit trails and time stamping in place
Verified that all 24 required events were captured as per SEBI (PIT) Regulations

💡 This is a routine administrative filing. Investors should monitor the upcoming Q1 FY27 financial results to assess if the company can improve its thin 4% operating profit margin.

Pioneer Embroideries Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Jun 2026, 04:05 PM

Pioneer Embroideries Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the financial results are made public. This is a procedural filing and does not reflect changes in business operations or financial health.

Trading window closure effective from July 1, 2026
Applicable to Directors, Officers, Employees, and Designated Persons
Window to reopen 48 hours after the declaration of quarterly financial results
Compliance maintained under SEBI (Prohibition of Insider Trading) Regulations, 2015

💡 Investors should wait for the announcement of the board meeting date, which will determine when the Q1 FY27 financial results will be released.

Pioneer Embroideries FY26 Net Profit Falls 85% to ₹65 Lakh; Q4 Profit Aided by Asset Sale

🔵 WATCH ⭐ 7/10

EARNINGS 📅 26 May 2026, 06:15 PM

Pioneer Embroideries reported a challenging FY26 with annual revenue declining 10.2% to ₹335.31 crore and net profit dropping 85.6% to ₹0.65 crore. However, Q4 FY26 showed a recovery with a net profit of ₹4.16 crore, significantly boosted by an exceptional gain of ₹4.41 crore from the sale of non-core assets in Naroli. The company also benefited from a ₹17.79 crore capital subsidy from the Maharashtra government and a ₹4.54 crore electricity duty rebate. Despite the lower annual profit, the company successfully reduced its non-current borrowings from ₹35.88 crore to ₹25.48 crore.

Annual revenue from operations decreased 10.2% YoY to ₹33,531.23 lakh in FY26.
Full-year net profit plummeted to ₹65.54 lakh from ₹456.39 lakh in the previous year.
Q4 FY26 net profit stood at ₹416.34 lakh, supported by a ₹441.80 lakh net exceptional gain.
Received ₹1,779.16 lakh capital subsidy from the Maharashtra Government, adjusted against asset costs.
Non-current borrowings reduced by approximately ₹10.4 crore during the financial year.

💡 Investors should look past the exceptional gains to assess core operational efficiency, as annual profits without these items would have been negative. The reduction in long-term debt and the consolidation of manufacturing at the new Dhule unit are positive structural developments to monitor.

Pioneer Embroideries FY26 Annual Profit Drops 85% to ₹65.5 Lakh Despite Q4 Recovery

🔵 WATCH ⭐ 7/10

EARNINGS 📅 26 May 2026, 06:04 PM

Pioneer Embroideries reported a challenging FY26 with annual revenue declining 10% to ₹33,531 lakh and net profit falling sharply to ₹65.54 lakh from ₹456.39 lakh in FY25. However, Q4 FY26 showed resilience with a net profit of ₹416.34 lakh, aided by a ₹454.43 lakh electricity duty rebate and exceptional gains from asset sales. The company also secured a ₹1,779.16 lakh capital subsidy from the Maharashtra government, which was adjusted against machinery costs. While operational performance was under pressure, the balance sheet was bolstered by non-core asset sales and government grants.

FY26 Net Sales decreased by 10.2% YoY to ₹33,531.23 lakh compared to ₹37,344.31 lakh in FY25.
Annual Net Profit plummeted 85.6% to ₹65.54 lakh, though Q4 profit grew to ₹416.34 lakh from ₹144.61 lakh YoY.
Exceptional gain of ₹441.80 lakh recorded in FY26, primarily from the sale of non-core land and building assets at Naroli.
Received a significant capital subsidy of ₹1,779.16 lakh under the Maharashtra State Textile Policy for earlier expansions.
Non-current borrowings reduced to ₹2,548.49 lakh from ₹3,588.16 lakh, indicating improved debt management.

💡 Investors should monitor if the Q4 recovery is sustainable or largely driven by one-time rebates and subsidies. The reduction in debt and successful asset monetization are positive steps for long-term stability despite the weak annual operational performance.

Pioneer Embroideries FY26 Net Profit Drops 85% to ₹65 Lakh Despite Q4 Recovery

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 26 May 2026, 05:53 PM

Pioneer Embroideries reported a weak set of annual results for FY26, with total income declining 10.1% to ₹34,277.38 lakh from ₹38,136.01 lakh in FY25. Full-year net profit plummeted by 85.6% to ₹65.54 lakh, heavily impacted by lower operational revenue. However, Q4 FY26 showed a recovery with a net profit of ₹416.34 lakh, though this was significantly aided by a ₹454.43 lakh electricity duty rebate and a net exceptional gain of ₹441.80 lakh from asset sales. The company also received a substantial capital subsidy of ₹1,779.16 lakh from the Maharashtra government, which was adjusted against asset costs.

Annual Net Sales decreased by 10.2% YoY to ₹33,531.23 lakh compared to ₹37,344.31 lakh in FY25.
Full-year Net Profit fell sharply to ₹65.54 lakh from ₹456.39 lakh in the previous fiscal year.
Q4 FY26 Net Profit stood at ₹416.34 lakh, supported by a ₹454.43 lakh electricity duty rebate for earlier years.
Recorded a net exceptional gain of ₹441.80 lakh, primarily from the sale of land and buildings at the Naroli unit.
Approved a capital subsidy of ₹1,779.16 lakh under the State Textile Policy, reducing the gross cost of machinery.

💡 Investors should remain cautious as the company's core operational profitability is under pressure, with the bottom line currently sustained by one-off gains and subsidies. Watch for margin improvements following the consolidation of manufacturing at the new Degaon unit.

Pioneer Embroideries Submits Annual Promoter Share Encumbrance Disclosure for FY26

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 May 2026, 05:45 PM

Pioneer Embroideries Limited has filed its annual disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the promoters and persons acting in concert have not made any new encumbrances on their shareholding during the financial year ended March 31, 2026. This is a mandatory annual compliance requirement intended to provide transparency regarding promoter share pledges. Such disclosures are standard for listed entities and indicate no new financial distress or leverage at the promoter level.

Annual disclosure submitted under Regulation 31(4) of SEBI (SAST) Regulations, 2011.
Covers the full financial year period ending March 31, 2026.
Promoters declare no new encumbrances or pledges were created during the reporting period.
The filing serves as a transparency measure for shareholders regarding promoter 'skin in the game'.

💡 No immediate action is required as this is a routine regulatory filing. Investors should periodically check the shareholding pattern to ensure promoter pledges remain low or zero.

Pioneer Embroideries Submits SEBI Compliance Certificate for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Apr 2026, 01:22 PM

Pioneer Embroideries Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that all dematerialization requests received during the quarter ended March 31, 2026, were processed within the mandated timelines. The Registrar and Share Transfer Agent (RTA) has verified, mutilated, and cancelled the physical certificates as required. This routine disclosure confirms the company's adherence to standard depository procedures and maintains the integrity of its shareholding records.

Compliance certificate issued for the quarter ended March 31, 2026
Confirmation of timely processing of dematerialization requests by the RTA
Physical security certificates were mutilated and cancelled after verification
Depositories' names updated in the register of members as registered owners

💡 This is a routine regulatory filing with no impact on business fundamentals. No specific action is required from investors.

Pioneer Embroideries Reports 100% Compliance in SDD with 23 UPSI Events Captured for Q4 FY26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 13 Apr 2026, 11:48 AM

Pioneer Embroideries Limited has filed its compliance certificate for the quarter ended March 31, 2026, regarding the maintenance of a Structured Digital Database (SDD). This filing is a requirement under SEBI (Prohibition of Insider Trading) Regulations to ensure the secure handling of sensitive information. The company confirmed that it successfully captured all 23 required events involving Unpublished Price Sensitive Information (UPSI) during the quarter. The database is maintained internally and is reported to be non-tamperable with full audit trails and time-stamping.

Maintained 100% compliance by capturing 23 out of 23 required UPSI events during the quarter.
Confirmed the existence of a non-tamperable Structured Digital Database (SDD) with internal audit trails.
Verified that all recipients of sensitive information were informed of the UPSI nature prior to disclosure.
Ensured that PAN or other identifiers for all persons sharing or receiving UPSI were recorded in the database.
Reported zero instances of non-compliance for the period ending March 31, 2026.

💡 This is a routine regulatory filing that demonstrates the company's adherence to insider trading norms and good corporate governance. No immediate investment action is required based on this announcement.

Pioneer Embroideries to Close Trading Window from April 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Mar 2026, 06:20 PM

Pioneer Embroideries Limited has announced the closure of its trading window for all designated persons starting April 1, 2026. This action is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the declaration of financial results. The window will remain closed until 48 hours after the company's financial results for the period ending March 31, 2026, are made public. This measure is intended to prevent any insider trading activities during the sensitive period leading up to earnings announcements.

Trading window closure effective from April 1, 2026
Closure applies to Directors, Officers, Employees, and Designated Persons
Window to reopen 48 hours after the declaration of financial results
Compliance with SEBI circular dated April 2, 2019, and Insider Trading Regulations

💡 This is a routine administrative filing with no impact on company fundamentals. Investors should continue to monitor the company for the actual date of the upcoming earnings announcement.

Pioneer Embroideries Submits Revised Limited Review Report with UDIN for Q3 FY26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 24 Mar 2026, 02:52 PM

Pioneer Embroideries Limited has provided a clarification to the stock exchanges regarding its financial results for the quarter ended December 31, 2025. The company submitted a revised Limited Review Report to include the Unique Document Identification Number (UDIN), which was missing in the initial filing due to server issues. The company has explicitly stated that there are no changes to the financial results previously reported on February 12, 2026. This filing is a procedural compliance update to satisfy SEBI (LODR) Regulations.

Clarification issued for the quarter ended December 31, 2025, following exchange queries.
Revised Limited Review Report submitted to include the mandatory UDIN.
Initial omission on February 12, 2026, was attributed to UDIN server technical issues.
Company confirms zero changes to the financial figures already disclosed to the market.

💡 No action is required as this is a routine administrative correction. Investors should focus on the previously disclosed financial performance rather than this procedural update.

Pioneer Embroideries Reports Q3 Loss; Sells Sarigam Unit for ₹3.78 Cr to Reduce Debt

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 12 Feb 2026, 05:27 PM

Pioneer Embroideries Limited (PEL) reported a weak set of numbers for Q3 FY26, with consolidated net sales falling 15.4% YoY to ₹81.07 crore. The company swung to a consolidated net loss of ₹0.83 crore for the quarter, compared to a profit of ₹2.19 crore in the same period last year. In a strategic move, the board approved the sale of its Sarigam Embroidery Unit for ₹3.78 crore to an identified purchaser. The proceeds from this sale will be entirely utilized to reduce the company's term liabilities, marking the near-completion of its manufacturing consolidation strategy.

Consolidated Net Sales declined 15.4% YoY to ₹81.07 crore in Q3 FY26 from ₹95.78 crore in Q3 FY25.
Reported a consolidated net loss of ₹82.52 lakh for the quarter versus a net profit of ₹218.99 lakh YoY.
Approved the sale of Sarigam Embroidery Unit's land and building for ₹3.78 crore, expected to close by March 2026.
Sale proceeds will be used to reduce term liabilities; the unit contributed only ~₹5 crore to FY25 sales.
Embroidery production is now consolidated at the state-of-the-art Dhule facility to improve operational efficiency.

💡 The shift from profit to loss and declining revenues are significant concerns in the short term. Investors should wait for signs of margin recovery from the newly consolidated Dhule facility before making new commitments.

View All PIONEEREMB Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The single 'Textile' segment reported revenue of INR 375.06 Cr in FY25, representing a growth of 11.56% YoY from INR 336.19 Cr in FY24.

Geographic Revenue Split

Domestic sales contributed 80.35% (INR 181.6 Cr) and Exports contributed 19.65% (INR 44.4 Cr) based on historical revenue breakup trends.

Profitability Margins

Net Profit for FY25 was INR 4.49 Cr, up 20.49% from INR 3.72 Cr in FY24. Net margin remains thin at approximately 1.2% of revenue.

EBITDA Margin

Historical EBITDA margin was 12.95% (FY21). Operating profit before working capital changes for FY25 was INR 30.38 Cr, up 31.3% YoY from INR 23.13 Cr.

Capital Expenditure

Capital expenditure for FY25 was INR 9.28 Cr, a significant 72.6% decrease from the INR 33.94 Cr spent in FY24 during a major manufacturing expansion phase.

Credit Rating & Borrowing

As of November 2025, the credit rating is IND BBB-/Negative/IND A3, with the outlook revised to Negative from Stable. Finance costs for FY25 were INR 9.60 Cr.

⚙️ Operational Drivers

Raw Materials

Yarn, fabrics, and specialized fibers used for embroidery and lace production.

Capacity Expansion

The company completed a major expansion of manufacturing facilities in FY24; FY25 was the first full year of operations utilizing this new capacity.

Raw Material Costs

Cost of materials consumed in FY25 was INR 215.80 Cr, representing 57.54% of total revenue, compared to 63.66% in FY24.

Manufacturing Efficiency

Revenue from operations increased by 11.56% following the first full year of operations of the expanded facilities.

📈 Strategic Growth

Expected Growth Rate

11.56%

Growth Strategy

Growth is driven by the full-year operationalization of expanded manufacturing facilities. The company is leveraging its 'Hakoba' brand and integrated textile manufacturing to capture domestic demand, which accounts for over 80% of sales.