Rexpro Enterprises Limited (REXPRO)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Rexpro Enterprises' revenue was ₹28.6 Cr (-49.9% year on year, -36.7% on the previous half-year), and net profit ₹0.3 Cr (-91.8% year on year); the operating margin was 2.0%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹28.6 | -49.9% | -36.7% |
| Operating profit | ₹0.6 | -90.1% | -67.2% |
| Net profit | ₹0.3 | -91.8% | -81.7% |
| EPS (₹) | 0.30 | -91.9% | -81.9% |
| Operating margin | 2.0% | — | — |
REXPRO delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 90.91% of the REXPRO shares traded on NSE were taken to delivery, against the stock's own 20-session average of 77.3%. That is close to its usual level. Turnover was only ₹3 lakh, so a handful of trades can move this figure. It traded 2.0 times its average daily volume. It closed at a price band (circuit) on 2 sessions in about the last 20.
Delivery in the last 5 sessions: 50.0% · 92.3% · 75.0% · 88.9% · 90.9%
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
Rexpro Enterprises Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent Cameo Corporate Services Limited on October 06, 2026, confirms that securities received for dematerialisation have been processed, listed, and mutilated within prescribed timelines. This is a standard procedural disclosure with no impact on operations or earnings.
- Regulation 74(5) compliance confirmed for quarter and half year ended September 30, 2026
- RTA Cameo Corporate Services Limited issued confirmation letter dated October 06, 2026
- Filing made with National Stock Exchange of India Ltd on October 15, 2026
Rexpro Enterprises Limited submitted the Scrutinizer Report for its 14th Annual General Meeting held on September 30, 2026. The meeting commenced at 3:30 P.M. and concluded at 3:48 P.M. via Video Conference. According to the scrutinizer CS Aakruti Somani, all proposed resolutions in the AGM notice were approved by shareholders with the requisite majority.
- 14th Annual General Meeting held on September 30, 2026
- Meeting conducted via Video Conference from 3:30 P.M. to 3:48 P.M. (18 minutes duration)
- Scrutinizer Report issued by CS Aakruti Somani on October 1, 2026
- All resolutions approved by members with requisite majority
Rexpro Enterprises Limited submitted the Scrutinizer Report for its 14th Annual General Meeting held on September 30, 2026. The meeting commenced at 3:30 P.M. and concluded at 3:48 P.M. via Video Conference. According to the scrutinizer CS Aakruti Somani, all proposed resolutions in the AGM notice were approved by shareholders with the requisite majority.
- 14th Annual General Meeting held on September 30, 2026
- Meeting conducted via Video Conference from 3:30 P.M. to 3:48 P.M. (18 minutes duration)
- Scrutinizer Report issued by CS Aakruti Somani on October 1, 2026
- All resolutions approved by members with requisite majority
Rexpro Enterprises Limited conducted its 14th Annual General Meeting on September 30, 2026, via video conferencing. The meeting covered three key resolutions, including adoption of FY2026 financial statements, re-appointment of retiring director Mr. Minesh Anilbhai Chovatia, and approval of related party transactions. Remote e-voting was held from September 27 to September 29, 2026, and final scrutinizer results are expected within two working days. Financially, Rexpro delivered Rs 180 Cr in TTM revenue with a net profit of Rs 10 Cr.
- 14th AGM held on September 30, 2026, starting at 3:30 P.M. and concluding at 3:48 P.M.
- Shareholders voted on 3 resolutions, including approval of Related Party Transactions
- Remote e-voting was open from September 27, 2026 (9:00 A.M.) to September 29, 2026 (5:00 P.M.)
- Final scrutinizer voting results to be announced within 2 working days
Rexpro Enterprises Limited has scheduled its 14th Annual General Meeting (AGM) for September 30, 2026, via Video Conferencing and released its Annual Report for FY 2025-26. The disclosures include an update on the utilization of its ₹47.13 crore IPO proceeds, where ₹18.39 crore remained unutilized (kept in fixed deposits/current accounts) as of the period end, primarily earmarked for equipment/factory renovation (₹14.87 crore) and inorganic growth (₹3.52 crore). Additionally, the company reported executive managerial remuneration of ₹1.44 crore for the year, approved previously by shareholders.
- 14th AGM scheduled for Wednesday, September 30, 2026, at 3:30 PM IST via VC/OAVM
- IPO proceeds of ₹4,712.50 lakhs had ₹1,838.60 lakhs pending utilization, with ₹1,013.40 lakhs spent on factory renovation/equipment
- Managerial remuneration of ₹144.00 lakhs paid to executive directors during the fiscal year
- Progulf Warehousing Solutions Private Limited contributed a net loss of ₹45.01 lakhs on net assets of ₹161.49 lakhs
Rexpro Enterprises Limited has announced its 14th Annual General Meeting (AGM) scheduled for September 30, 2026, for the financial year ended March 31, 2026. The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 30, 2026 (both days inclusive). Additionally, the cut-off date to determine eligibility for remote e-voting has been fixed as September 23, 2026. This is a standard corporate compliance filing with no operational or financial impact.
- 14th Annual General Meeting scheduled for September 30, 2026
- Book closure period fixed from September 23, 2026, to September 30, 2026
- Remote e-voting cut-off date established as September 23, 2026
Rexpro Enterprises Limited announced key outcomes from its Board Meeting held on September 5, 2026. The Board approved granting unsecured loans of ₹5.00 crore each (total ₹10.00 crore) to subsidiaries Progulf Warehousing Solutions Pvt Ltd and Rex Lusso Pvt Ltd at 9% p.a. interest for a tenure of 10 years. In addition, the Board accepted the resignation of Ms. Khushboo Nilesh Rawat and approved the appointment of Mr. Abhishek Surendra Yadav as Company Secretary and Compliance Officer effective September 7, 2026. The 14th Annual General Meeting is scheduled for September 30, 2026.
- Approved ₹10.00 crore total unsecured loans (₹5.00 crore each) to subsidiaries Progulf Warehousing and Rex Lusso at 9% p.a.
- Existing business advances of ₹55.68 lakhs (Progulf) and ₹72.13 lakhs (Rex Lusso) to be converted into loans
- Appointed Mr. Abhishek Surendra Yadav as Company Secretary and Compliance Officer w.e.f. September 7, 2026
- 14th Annual General Meeting scheduled for September 30, 2026 via Video Conferencing
Rexpro Enterprises Limited announced key board decisions following its meeting on September 5, 2026. The board approved unsecured loans of ₹5.00 crore each (total ₹10.00 crore) at 9% p.a. to subsidiaries Progulf Warehousing Solutions Pvt Ltd and Rex Lusso Pvt Ltd for working capital and business operations, representing ~15.6% of company net worth (₹64 crore). Additionally, Ms. Khushboo Nilesh Rawat resigned as Company Secretary and Compliance Officer effective September 5, 2026, succeeded by Mr. Abhishek Surendra Yadav effective September 7, 2026. The 14th Annual General Meeting is scheduled for September 30, 2026.
- Approved ₹10.00 crore total loans across two subsidiaries (₹5.00 crore each) at 9% interest rate p.a. for a 10-year tenure
- Existing business advances of ₹55.68 lakh (Progulf) and ₹72.13 lakh (Rex Lusso) to be converted into these loans
- Resignation of CS Khushboo Nilesh Rawat effective September 5, 2026, and appointment of Abhishek Surendra Yadav effective September 7, 2026
- 14th Annual General Meeting scheduled for September 30, 2026
Rexpro Enterprises has approved granting unsecured loans of ₹5.00 Crore each (totaling ₹10.00 Crore) to its subsidiaries, Progulf Warehousing Solutions Pvt Ltd and Rex Lusso Pvt Ltd, for working capital and business operations. The loans carry an interest rate of 9% p.a. with a 10-year tenure and convert existing business advances of ₹55.68 lakh and ₹72.13 lakh, respectively. Additionally, the Board scheduled its 14th AGM for September 30, 2026, and approved the appointment of Abhishek Surendra Yadav as Company Secretary following Khushboo Nilesh Rawat's resignation.
- Approved ₹5.00 Crore unsecured loan each to subsidiaries Progulf Warehousing Solutions and Rex Lusso (Total ₹10.00 Crore)
- Loans carry an interest rate of 9% p.a., 10-year tenure, repayable on demand, and convert ₹1.28 Crore in existing advances
- Total ₹10.00 Crore loan commitment represents ~15.6% of the company's net worth (₹64 Crore)
- 14th AGM scheduled for September 30, 2026, via Video Conferencing
- Appointed Abhishek Surendra Yadav as Company Secretary and Compliance Officer effective September 7, 2026
Rexpro Enterprises' Board approved granting unsecured loans of ₹5.00 Crore each (total ₹10.00 Crore) to its subsidiaries Progulf Warehousing Solutions and Rex Lusso at 9% p.a. for working capital and business needs. Existing advances of ₹55.68 lakh and ₹72.13 lakh will be converted into these loans. Additionally, the company accepted the resignation of CS Khushboo Nilesh Rawat and appointed Abhishek Surendra Yadav as the new Company Secretary and Compliance Officer effective September 7, 2026. The 14th AGM has been scheduled for September 30, 2026.
- Approved ₹10.00 Crore total unsecured loans (₹5.00 Crore each) to subsidiaries Progulf Warehousing and Rex Lusso at 9% p.a. interest.
- Outstanding business advances of ₹55.68 lakh (Progulf) and ₹72.13 lakh (Rex Lusso) to be converted into loans.
- Appointed Abhishek Surendra Yadav as Company Secretary & Compliance Officer effective September 7, 2026.
- 14th Annual General Meeting scheduled for September 30, 2026 through Video Conferencing.
Financial Performance
Revenue Growth by Segment
Total revenue from operations grew 28.44% YoY to INR 10,658.82 lakhs in FY 2024-25. The Furniture segment grew 35.37% to INR 9,830.30 lakhs, while the Industrial Warehouse Racks segment declined 12.43% to INR 928.52 lakhs.
Profitability Margins
Net Profit Ratio improved from 6.25% in FY 2023-24 to 7.53% in FY 2024-25. Return on Equity (ROE) decreased from 56.24% to 12.99% and Return on Capital Employed (ROCE) fell from 62.21% to 18.51% due to the significant increase in equity base following the IPO.
EBITDA Margin
Not explicitly disclosed; however, segment profitability for Furniture was INR 798.24 lakhs (8.12% margin) and Warehouse Racks was INR 4.39 lakhs (0.47% margin) for FY 2024-25.
Credit Rating & Borrowing
Debt-Equity Ratio significantly improved from 0.65 to 0.08 as of March 31, 2025, following the infusion of IPO proceeds, reducing the company's financial leverage and interest burden.
Operational Drivers
Raw Materials
Wood and Metal (Specific percentage of total cost not disclosed).
Import Sources
Global imports and domestic vendors (Specific countries not disclosed).
Key Suppliers
Multiple third-party suppliers (Specific names not disclosed).
Capacity Expansion
The company operates two manufacturing plants in Vasai, Maharashtra (Unit 1 at Waliv and Unit 2 at Pelhar). Planned expansion includes backward integration to reduce reliance on third-party suppliers.
Raw Material Costs
Raw material costs are subject to fluctuations in global supply and currency movements; the company mitigates this through strategic inventory levels and domestic vendor development.
Manufacturing Efficiency
The company utilizes modern machinery, professional printing, and in-house powder coating to support mass-customization and high-volume production.
Strategic Growth
Growth Strategy
Growth will be driven by diversifying into luxury interior design and construction services through the new subsidiary Rex Lusso Private Limited (75% stake), and the conversion of Progulf Warehousing Solutions LLP into a private limited company to expand warehousing operations.
Products & Services
Furniture (residential, commercial, retail), industrial warehouse racks, luxury interior design services, and construction services.
Brand Portfolio
REXPRO.
New Products/Services
Luxury interior design and construction services for residential, corporate, retail, hospitality, and institutional sectors through Rex Lusso Private Limited.
Market Expansion
Expansion into the luxury interior design market and strengthening presence in the construction sector.
Strategic Alliances
Acquisition of a 75% stake in Rex Lusso Private Limited for INR 75,000 to enter the luxury interior segment.
External Factors
Industry Trends
The furniture and home furnishing industry is evolving with a shift toward bespoke, mass-customized products and integrated interior design services. REXPRO is positioning itself by moving into luxury interiors.
Competitive Landscape
Faces competition from players with high productivity and efficiency; REXPRO counters this through cost optimization and new design introductions.
Competitive Moat
Competitive advantages include advanced manufacturing capabilities (multi-material wood and metal), SEDEX certification for ethical practices, and long-term client relationships in the retail and commercial sectors.
Macro Economic Sensitivity
Sensitive to global economic growth (3.2% in FY25) and inflation (expected to fall to 2.4% by end of 2025), which impacts consumer demand and borrowing costs.
Consumer Behavior
Increasing demand for luxury interiors and bespoke furniture solutions is driving the company's diversification strategy.
Geopolitical Risks
Global trade disruptions and geopolitical conflicts are identified as risks that could affect supply chain stability and raw material costs.
Regulatory & Governance
Industry Regulations
Compliance with Section 148(1) of the Act for maintenance of cost records for manufactured goods and Section 135 for CSR (though unspent amount clauses were not applicable).
Taxation Policy Impact
Statutory dues like Sales tax and Service tax have been subsumed into GST effective July 1, 2017. The company maintains compliance with the Companies Act, 2013.
Legal Contingencies
No pending litigations impact the financial position, except for contingent liabilities reported in Note 27 of the Standalone Financial Statements.
Risk Analysis
Key Uncertainties
Dependence on key customers and suppliers, raw material price volatility, and potential technology disruptions are primary business risks.
Geographic Concentration Risk
Manufacturing is concentrated in Vasai, Maharashtra, with two plants located in the region.
Third Party Dependencies
Significant reliance on third-party suppliers for raw materials; mitigation involves developing long-term relationships with multiple vendors.
Technology Obsolescence Risk
Risk of failure to adopt new technologies; mitigated by investments in IT infrastructure and employee training.
Credit & Counterparty Risk
Trade Receivables Turnover Ratio was 3.70 in FY 2024-25, compared to 4.67 in the previous year, indicating a slight increase in the collection period.
