SAMPANN - Sampann Utpadan
📢 Recent Corporate Announcements
Sampann Utpadan India Limited has successfully commissioned a 4 MW solar power plant in Vadodara, Gujarat, effective March 10, 2026. The plant is expected to generate approximately 6 million units of clean energy annually, which will lead to substantial savings in power procurement costs. This initiative reduces the company's dependence on the conventional grid and protects it from electricity tariff fluctuations. Additionally, the project supports ESG goals by reducing carbon emissions by up to 5,000 metric tons per year.
- Commissioned 4 MW solar power plant in Vadodara, Gujarat on March 10, 2026
- Expected annual generation of 60,00,000 units (6 million kWh) of clean energy
- Projected reduction of 4,500 to 5,000 metric tons of CO2 emissions per annum
- Aims to achieve significant savings in power procurement costs and enhance operational efficiency
Sampann Utpadan India Limited reported a strong performance for the quarter ended December 31, 2025, with consolidated total revenue reaching ₹3,486.53 Lakhs, a 39% increase from ₹2,500.66 Lakhs in the same quarter last year. The company's net profit saw a significant surge of 70%, rising to ₹187.47 Lakhs compared to ₹110.05 Lakhs in the year-ago period. The Reclaimed Rubber segment remains the primary driver of growth, contributing almost the entire revenue base. Earnings Per Share (EPS) improved to ₹0.38 from ₹0.27 YoY, reflecting better operational scale.
- Consolidated Total Revenue grew 39.4% YoY to ₹3,486.53 Lakhs in Q3 FY26.
- Net Profit increased by 70.3% YoY to ₹187.47 Lakhs for the quarter ended Dec 2025.
- Reclaimed Rubber segment revenue stood at ₹3,483.05 Lakhs, dominating the business mix.
- Earnings Per Share (EPS) rose to ₹0.38 from ₹0.27 in the corresponding previous year quarter.
- Total Assets as of December 31, 2025, increased to ₹14,585.56 Lakhs from ₹12,225.68 Lakhs in March 2025.
Sampann Utpadan India Limited reported a significant turnaround in Q3 FY26, with consolidated revenue jumping to ₹58.98 crore from ₹28.79 crore in the same quarter last year. The company posted a net profit of ₹2.67 crore, recovering from a net loss of ₹1.46 crore in Q3 FY25. Growth was almost entirely driven by the Reclaimed Rubber segment, which saw its revenue double year-on-year. While the operational performance is strong, the company still carries substantial long-term borrowings of ₹79.09 crore.
- Consolidated Revenue grew 104.8% YoY to ₹58.98 crore in Q3 FY26.
- Net Profit turned positive at ₹2.67 crore compared to a loss of ₹1.46 crore in the previous year's quarter.
- Reclaimed Rubber segment revenue reached ₹58.83 crore, contributing nearly 100% of total income.
- Earnings Per Share (EPS) improved to ₹0.55 from a negative ₹0.36 YoY.
- Long-term borrowings stood at ₹79.09 crore as of December 31, 2025.
BSE Limited has levied a penalty of Rs. 60,000 plus 18% GST on Sampann Utpadan India Limited for a three-day delay in applying for trading approval for 82,00,000 equity shares. The company was required to file by December 19, 2025, but completed the filing on December 22, 2025, citing procedural delays in receiving credit confirmation from NSDL. The company has formally requested a waiver of the fine, noting that the shares are already subject to lock-in periods of 6 to 18 months. Management maintains that the delay was administrative and did not adversely affect investor interests.
- Penalty of Rs. 60,000 plus GST imposed for a 3-day delay in filing for trading approval of 82,00,000 shares.
- The fine was calculated at a rate of Rs. 20,000 per day of non-compliance as per SEBI Master Circular.
- Company attributed the delay to late receipt of credit confirmation from NSDL, which arrived only on January 9, 2026.
- Shares issued under the preferential issue are subject to lock-in periods: 18 months for promoters and 6 months for non-promoters.
- The company has submitted a reply to BSE requesting a waiver of the penalty based on the procedural nature of the lapse.
Sampann Utpadan India Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI Regulations for the period ending December 31, 2025. The company's Registrar, Alankit Assignments Limited, confirmed that no dematerialization requests were received during the three-month period. This filing is a mandatory procedural requirement for listed companies in India to ensure depository records are accurate. There is no material impact on the company's operations or financial standing from this announcement.
- Quarterly compliance certificate submitted for the period ending December 31, 2025.
- Confirmation received from Registrar and Share Transfer Agent, Alankit Assignments Limited.
- Zero demat requests were processed between October 1, 2025, and December 31, 2025.
- The filing confirms adherence to SEBI (Depositories and Participants) Regulations, 2018.
Sampann Utpadan India Limited has officially announced the closure of its trading window for all designated persons and their immediate relatives starting January 1, 2026. This move is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015. The closure is in anticipation of the declaration of financial results for the quarter ending December 31, 2025. The trading window will remain closed until 48 hours after the financial results are made public.
- Trading window closure begins on January 1, 2026.
- Closure pertains to the financial results for the quarter ended December 31, 2025.
- Restriction applies to all designated persons and their immediate relatives.
- Window will reopen 48 hours after the official announcement of quarterly results.
Financial Performance
Revenue Growth by Segment
Consolidated revenue from operations grew 29.65% YoY to INR 92.64 Cr in FY25, up from INR 71.45 Cr in FY24. Segment-specific growth percentages were not disclosed, but the increase was primarily driven by higher demand and the addition of Butyl Reclaimed Rubber products.
Geographic Revenue Split
Not disclosed in available documents, though the company is headquartered in Vadodara, Gujarat, and operates primarily within the Indian manufacturing sector.
Profitability Margins
The company achieved a significant turnaround with a consolidated net profit of INR 3.98 Cr in FY25 (4.3% net margin) compared to a loss of INR 0.87 Cr in FY24. Standalone PBT stood at INR 5.39 Cr, heavily supported by exceptional income.
EBITDA Margin
Core operating profit before finance costs, depreciation, and exceptional items was INR 3.99 Cr (4.3% margin). Core profitability was bolstered by an exceptional gain of INR 8.11 Cr from the sale of Extended Producer Responsibility (EPR) certificates.
Capital Expenditure
The company invested in capacity expansion for Butyl Reclaimed Rubber, reaching an installed capacity of 300 MT per month. Total fixed asset purchases in FY25 amounted to approximately INR 1.51 Cr.
Credit Rating & Borrowing
Infomerics reaffirmed ratings at IVR BB/Stable (Long Term) and IVR A4 (Short Term) in March 2025. Total rated bank facilities were INR 18.21 Cr. The company subsequently withdrew these ratings on July 2, 2025.
Operational Drivers
Raw Materials
Primary raw materials include scrap rubber and butyl rubber, which are essential for the production of reclaimed rubber products. Specific cost percentages for each material were not disclosed.
Capacity Expansion
Current installed capacity for the new Butyl Reclaimed Rubber product is 300 MT per month. The company achieved a capacity utilization of 26.67% in its first year of operation for this segment.
Raw Material Costs
Raw material costs are a significant driver, with the company noting susceptibility to price volatility. Total cost of operations (including materials) was INR 93.84 Cr in FY25, representing 101% of operational revenue before exceptional income.
Manufacturing Efficiency
Capacity utilization for the newly added Butyl Reclaimed Rubber line stood at 26.67% for FY24. Efficiency is expected to improve as the product gains market traction.
Strategic Growth
Expected Growth Rate
30%
Growth Strategy
Growth will be achieved by ramping up utilization of the 300 MT/month Butyl Reclaimed Rubber capacity from its current 26.67% level. The company raised INR 20.85 Cr in September 2025 through the conversion of 82,00,000 warrants into equity to fund operations and expansion. Strategic focus remains on the circular economy through rubber reclaiming and EPR certificate monetization.
Products & Services
Butyl Reclaimed Rubber and other reclaimed rubber products sold to the tire and industrial rubber manufacturing industries.
Brand Portfolio
Sampann Utpadan India Limited (formerly S. E. Power Limited).
New Products/Services
Butyl Reclaimed Rubber was recently launched, contributing to the 29.65% YoY revenue growth seen in FY25.
Market Expansion
The company is targeting increased market share in the reclaimed rubber industry by utilizing its expanded capacity in Vadodara, Gujarat.
Strategic Alliances
The company operates through its 100% wholly-owned subsidiary, Shubham Electrochem Limited.
External Factors
Industry Trends
The industry is shifting toward sustainable manufacturing and circular economy practices. The implementation of EPR (Extended Producer Responsibility) norms in India has created a new revenue stream for recyclers, as evidenced by the company's INR 8.11 Cr income from EPR certificates.
Competitive Landscape
The company faces intense competition from both organized and unorganized players in the reclaimed rubber and recycling industry.
Competitive Moat
The moat is based on the extensive experience of the promoters and early adoption of EPR certificate trading. Sustainability depends on maintaining high capacity utilization and navigating raw material price cycles.
Macro Economic Sensitivity
Highly sensitive to industrial production growth and automotive sector demand, which drives the reclaimed rubber market.
Consumer Behavior
Increasing preference among industrial customers for recycled/reclaimed materials to meet sustainability targets.
Geopolitical Risks
Susceptibility to global rubber price trends which are influenced by international trade and geopolitical stability.
Regulatory & Governance
Industry Regulations
Operations are governed by pollution control board norms and the Extended Producer Responsibility (EPR) framework for waste rubber/tires.
Environmental Compliance
The company is a beneficiary of environmental regulations, generating INR 8.11 Cr from the sale of EPR certificates in FY25.
Taxation Policy Impact
The company paid a minimal tax of INR 1.40 Lakhs in FY25 despite a PBT of INR 5.39 Cr, likely due to the utilization of brought-forward losses (accumulated losses stood at INR 40.78 Cr).
Legal Contingencies
No significant or material orders were passed by regulators or courts during the year that would impact the company's status as a going concern.
Risk Analysis
Key Uncertainties
The primary uncertainty is the volatility of raw material prices and the market liquidity/pricing of EPR certificates, which significantly impacted FY25 profitability.
Geographic Concentration Risk
Operations are concentrated in Vadodara, Gujarat, making the company sensitive to regional industrial policies and labor conditions.
Third Party Dependencies
High dependency on scrap rubber suppliers and the automotive industry for demand.
Technology Obsolescence Risk
Low risk as reclaimed rubber technology is mature, but shifts in tire compositions could require R&D adjustments.
Credit & Counterparty Risk
The company maintains a current ratio of 1.23x; however, high working capital utilization (91.43%) suggests tight liquidity management.