Shri Techtex Limited (SHRITECH)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Shri Techtex's revenue was ₹47.0 Cr (+10.0% year on year, +27.1% on the previous half-year), and net profit ₹13.0 Cr (+85.0% year on year); the operating margin was 36.2%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹47.0 | +10.0% | +27.1% |
| Operating profit | ₹17.0 | +72.6% | +157.3% |
| Net profit | ₹13.0 | +85.0% | +115.2% |
| EPS (₹) | 5.31 | +88.3% | +119.4% |
| Operating margin | 36.2% | — | — |
SHRITECH delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 100.0% of the SHRITECH shares traded on NSE were taken to delivery, against the stock's own 20-session average of 93.63%. That is close to its usual level. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 100.0% · 83.3% · 100.0% · 100.0% · 100.0%
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
Shri Techtex Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate was issued by MUFG Intime India Private Limited for the quarter and half year ended September 30, 2026. The RTA confirmed that securities received for dematerialisation during the period were processed and listed within prescribed timelines. This is a standard quarterly procedural disclosure.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
- Pertains to the quarter and half-year ended September 30, 2026
- Confirmation certificate dated October 03, 2026 issued by RTA MUFG Intime India Private Limited
- Exchange filing made on October 08, 2026
Shri Techtex Limited has submitted the scrutinizer's report for its 8th Annual General Meeting held on September 15, 2026. Both ordinary resolutions proposed at the meeting were passed with requisite majority. The adoption of the FY2026 audited financial statements was approved with 97.31% votes in favor (1,77,70,000 votes), while the re-appointment of director Mr. Hanskumar Ramakant Agarwal passed with 95.85% votes in favor (1,13,60,389 votes).
- Adoption of FY2026 audited financial statements passed with 97.31% votes in favor (1,77,70,000 votes) and 2.69% against (4,92,000 votes)
- Re-appointment of director Mr. Hanskumar Ramakant Agarwal passed with 95.85% votes in favor (1,13,60,389 votes) and 4.15% against (4,92,000 votes)
- Voting cut-off date was September 08, 2026, with remote e-voting held between September 12 and September 14, 2026
- Consolidated scrutinizer report confirmed all resolutions passed with the requisite majority
Shri Techtex Limited conducted its 8th Annual General Meeting on September 15, 2026, via Video Conferencing. Key items tabled included the adoption of audited financial statements for FY25-26 and the reappointment of retiring director Mr. Hanskumar Ramakant Agarwal. Remote e-voting was conducted from September 12 to September 14, 2026, alongside voting during the meeting. Scrutinizer voting results under Regulation 44(3) will be declared within two working days.
- 8th Annual General Meeting held on September 15, 2026, starting at 12:36 PM and concluding at 13:04 IST
- Two ordinary resolutions tabled: adoption of FY26 financial statements and reappointment of director Mr. Hanskumar Ramakant Agarwal
- Remote e-voting window was active from September 12, 2026 (09:00 AM) to September 14, 2026 (05:00 PM)
- Final voting results along with the Scrutinizer's Report to be submitted within two working days
Shri Techtex Limited has issued the notice for its 8th Annual General Meeting (AGM) scheduled for Tuesday, September 15, 2026, via Video Conferencing. Alongside the notice, the company shared FY26 financial highlights showing total turnover of ₹84.13 Cr (8,412.82 Lakhs) compared to ₹82.67 Cr in FY25. FY26 PAT rose to ₹19.29 Cr (1,928.61 Lakhs) from ₹14.67 Cr in the prior year, while net worth expanded to ₹117.84 Cr. The ordinary business includes adopting the FY26 financial statements and the re-appointment of Director Hanskumar Ramakant Agarwal, who retires by rotation.
- 8th AGM scheduled on September 15, 2026 at 12:30 PM IST via VC/OAVM.
- FY26 turnover reported at ₹84.13 Cr (8,412.82 Lakhs), up from ₹82.67 Cr in FY25.
- FY26 PAT reached ₹19.29 Cr (1,928.61 Lakhs) vs ₹14.67 Cr in FY25, while EBITDA stood at ₹28.70 Cr.
- Re-appointment of Executive Director Hanskumar Ramakant Agarwal (holding 6,409,611 shares) proposed on retirement by rotation.
Shri Techtex Limited has scheduled its 8th Annual General Meeting (AGM) for September 15, 2026, via video conferencing. The Board has recommended the re-appointment of Co-Founder and Executive Director Mr. Hanskumar Ramakant Agarwal, who retires by rotation. The cut-off date to determine eligibility for e-voting has been fixed as September 8, 2026, with remote e-voting active from September 12 to September 14, 2026.
- 8th Annual General Meeting convened for September 15, 2026, at 12:30 PM IST via VC/OAVM
- Cut-off date set to September 8, 2026, for shareholder voting eligibility
- Remote e-voting window open from September 12, 2026 (9:00 AM) to September 14, 2026 (5:00 PM)
- Recommended re-appointment of Co-Founder & Executive Director Mr. Hanskumar Ramakant Agarwal upon retirement by rotation
Financial Performance
Revenue Growth by Segment
The company operates in a single segment, Technical Textiles, which reported total revenue of INR 82.67 Cr in FY 2024-25, representing a growth of 8.24% compared to INR 76.38 Cr in FY 2023-24.
Geographic Revenue Split
Export sales contributed 73.9% (INR 61.13 Cr) of total revenue in FY 2024-25, up from 56.3% (INR 42.99 Cr) in the previous year, reflecting a 42.3% YoY growth in international markets. Domestic sales accounted for the remaining 26.1% (INR 21.54 Cr).
Profitability Margins
Net Profit Margin improved to 17.75% in FY 2024-25 from 16.07% in FY 2023-24, a relative increase of 10.43%. Profit After Tax (PAT) grew 19.5% YoY to INR 14.67 Cr from INR 12.28 Cr.
EBITDA Margin
Not explicitly disclosed as a standalone percentage, but Profit Before Tax (PBT) margin stood at 24.08% (INR 19.90 Cr) in FY 2024-25 compared to 22.15% (INR 16.92 Cr) in FY 2023-24, indicating improved core operational profitability.
Capital Expenditure
The company utilized INR 14.31 Cr from IPO proceeds for capital projects as of September 30, 2025, including INR 3.71 Cr for factory shed construction, INR 6.31 Cr for machinery procurement, and INR 4.29 Cr for a solar plant to enhance energy efficiency.
Credit Rating & Borrowing
Credit rating not disclosed. Total debt as of September 30, 2025, stood at INR 11.67 Cr (INR 0.77 Cr long-term and INR 10.90 Cr short-term). Finance costs for FY 2024-25 were INR 2.85 Cr, representing 3.4% of total revenue.
Operational Drivers
Raw Materials
Technical textile raw materials (polymers/fibers) accounted for INR 32.37 Cr in FY 2024-25, representing 39.1% of total revenue.
Import Sources
Not specifically disclosed in available documents, though the company notes strategic sourcing and supply chain diversification as risk mitigation strategies.
Capacity Expansion
Planned expansion includes the commissioning of a solar plant (INR 4.89 Cr allocated) and ongoing machinery upgrades (INR 6.31 Cr utilized) to support the growing demand in the technical textiles sector.
Raw Material Costs
Cost of materials consumed was INR 32.37 Cr in FY 2024-25, up 52.3% from INR 21.26 Cr in FY 2023-24, reflecting increased production volume and operational scaling.
Manufacturing Efficiency
Manufacturing efficiency is being addressed through the adoption of new machinery and a solar power plant to lower the per-unit cost of production.
Logistics & Distribution
Not specifically disclosed, but the 42.3% growth in exports suggests increased logistics activity and reliance on international shipping channels.
Strategic Growth
Expected Growth Rate
6%
Growth Strategy
The company aims to achieve growth by leveraging the 'China-plus-one' sourcing strategy, expanding into new international markets (exports grew 42.3% recently), and diversifying its product range in high-value performance fabrics. Operational efficiency will be driven by the new solar plant and upgraded machinery funded by the INR 45.14 Cr IPO.
Products & Services
Technical Textiles, specifically performance-driven fabrics used across various industrial and consumer sectors.
Brand Portfolio
Shri Techtex.
New Products/Services
The company is focusing on 'Innovation and Product Development' and a 'diversified product range' to improve net profit margins through higher-value offerings, though specific revenue contribution % for new launches is not disclosed.
Market Expansion
Targeting expansion into new global markets to build on the current INR 61.13 Cr export base, supported by government initiatives like the National Technical Textiles Mission.
Market Share & Ranking
India holds a 9.8% share of the global technical textiles market; the company's specific ranking is not disclosed, but it operates in a market projected to reach INR 2,39,475.95 Cr by 2030.
External Factors
Industry Trends
The industry is shifting toward performance-driven fabrics with a projected 6% CAGR through 2030. India is positioning itself as a global alternative to China, supported by the PLI scheme and National Technical Textiles Mission.
Competitive Landscape
The company competes in the global technical textiles market, positioning itself against international suppliers under the 'China-plus-one' strategy.
Competitive Moat
The moat is built on high export integration (73.9% of revenue) and a strong capital structure (Debt-Equity ratio of 0.11). Sustainability is being reinforced through a INR 4.29 Cr investment in captive solar power to create a cost advantage.
Macro Economic Sensitivity
Highly sensitive to global trade cycles due to 73.9% export exposure; also sensitive to domestic industrial growth as the Indian technical textiles market is expected to grow at a 6% CAGR.
Consumer Behavior
Increasing demand for performance-driven and sustainable fabrics across industrial sectors is driving the shift toward technical textiles.
Geopolitical Risks
Geopolitical uncertainties are cited as a primary risk that could disrupt supply chains or impact international demand for technical textiles.
Regulatory & Governance
Industry Regulations
Operations are governed by the Factories Act, 1948, and technical textile standards. The company is also subject to export-import regulations affecting its INR 61.13 Cr export business.
Environmental Compliance
The company has committed to environmental stewardship by investing INR 4.29 Cr in a solar energy strategy to reduce its carbon footprint.
Taxation Policy Impact
The company incurred total tax expenses of INR 5.23 Cr in FY 2024-25, representing an effective tax rate of approximately 26.3% on PBT.
Legal Contingencies
The Secretarial Audit report for FY 2024-25 did not report any major pending litigation or material non-compliance issues.
Risk Analysis
Key Uncertainties
Raw material price volatility and geopolitical shifts are the primary uncertainties, with the potential to impact the 39.1% material cost-to-revenue ratio.
Geographic Concentration Risk
High geographic concentration in export markets, which account for 73.9% (INR 61.13 Cr) of total sales.
Third Party Dependencies
The company mentions 'strategic sourcing' to mitigate vendor dependency, though specific supplier concentration is not disclosed.
Technology Obsolescence Risk
The company is mitigating technology risk by investing INR 6.31 Cr in new machineries to maintain manufacturing competitiveness.
Credit & Counterparty Risk
Trade receivables turnover ratio was 3.725 in FY 2024-25, a 24.74% decrease from 4.95 in the previous year, indicating a slight slowdown in collection efficiency.
