SABAR - Sabar Flex India
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. The company adopted its audited financial statements for the year ended March 31, 2025, at its AGM on November 30, 2025, but specific segment growth percentages were not provided.
Geographic Revenue Split
Not disclosed in available documents. Operations are concentrated in Gujarat, with a corporate office in Ahmedabad and a factory in Himmatnagar.
Profitability Margins
Not disclosed in available documents. While the FY2025 financial statements were adopted, specific Gross, Operating, or Net profit margins were not detailed in the announcements.
EBITDA Margin
Not disclosed in available documents.
Capital Expenditure
Not disclosed in available documents.
Credit Rating & Borrowing
Not disclosed in available documents. However, a resignation letter from an Independent Director dated November 5, 2025, explicitly cites non-payment of dues to banks, indicating severe credit stress and potential default status.
Operational Drivers
Raw Materials
Not disclosed in available documents. As a manufacturer of printed flexible packaging materials, the company likely uses plastic polymers and inks, but specific names and cost percentages are not provided.
Import Sources
Not disclosed in available documents.
Key Suppliers
Not disclosed in available documents. The company is reportedly failing to pay 'Other Business Parties,' which likely includes its raw material suppliers.
Capacity Expansion
Not disclosed in available documents.
Raw Material Costs
Not disclosed in available documents. Procurement strategies are likely compromised by the reported non-payment of dues to business partners as of November 2025.
Manufacturing Efficiency
Not disclosed in available documents. Capacity utilization is likely under pressure due to the liquidity crisis mentioned in November 2025.
Logistics & Distribution
Not disclosed in available documents.
Strategic Growth
Expected Growth Rate
Not disclosed in available documents.
Growth Strategy
The company is pursuing a strategy of altering its Main Object Clause in the Memorandum of Association (MOA), as approved by shareholders on November 30, 2025. This suggests a pivot or expansion into new business areas to address current financial distress and non-payment of bank dues.
Products & Services
All kinds of Printed Flexible Packaging Materials.
Brand Portfolio
SABAR FLEX.
New Products/Services
Not disclosed in available documents.
Market Expansion
Not disclosed in available documents.
Market Share & Ranking
Not disclosed in available documents.
Strategic Alliances
Not disclosed in available documents.
External Factors
Industry Trends
The flexible packaging industry is growing due to FMCG and e-commerce demand, but Sabar Flex is currently unable to capitalize on these trends due to internal liquidity crises and governance issues.
Competitive Landscape
Not disclosed in available documents.
Competitive Moat
Not disclosed in available documents. Any existing moat is currently threatened by the company's inability to meet basic financial obligations to directors and lenders.
Macro Economic Sensitivity
Highly sensitive to credit availability and interest rates. The reported non-payment of bank dues makes the company extremely vulnerable to any tightening of the credit market.
Consumer Behavior
Not disclosed in available documents.
Geopolitical Risks
Not disclosed in available documents.
Regulatory & Governance
Industry Regulations
Not disclosed in available documents. The company must comply with plastic waste management and manufacturing standards for packaging, but specific impacts are not detailed.
Environmental Compliance
Not disclosed in available documents.
Taxation Policy Impact
Not disclosed in available documents.
Legal Contingencies
Potential legal actions and recovery suits from banks and business parties due to non-payment of dues, as explicitly stated in the resignation letter of Independent Director Bhavna Shah on November 5, 2025.
Risk Analysis
Key Uncertainties
The primary uncertainty is the company's ability to continue as a going concern. The resignation of an Independent Director citing non-payment of bank dues and director remuneration is a critical indicator of potential insolvency.
Geographic Concentration Risk
100% of operations are concentrated in Gujarat, specifically Ahmedabad and Himmatnagar, making the company sensitive to regional economic shifts.
Third Party Dependencies
Critical dependency on banks for working capital and business partners for raw materials. Both relationships are currently at high risk due to reported non-payment of dues.
Technology Obsolescence Risk
Not disclosed in available documents.
Credit & Counterparty Risk
High risk. The company is failing to meet its own obligations to creditors and directors as of late 2025.