NSE: FIBERWEB · BSE: 507910
FIBERWEB INDIA LIMITED
Manufactures Spunbond Nonwoven Fabrics and is certified under ISO 9001:2015, 14001:2015 and ISO 45001:2018 standards. The company earned Rs. 84.56 crore in revenue in FY26, with materials accounting for 55.6% of that revenue (Rs. 47.02 crore). Employees accounted for 5.0% of revenue (Rs. 4.20 crore), other operating expenses 17.8% (Rs. 15.05 crore) and depreciation 5.1% (Rs. 4.30 crore). Capital expenditure in FY26 was Rs. 10.63 crore (12.6% of revenue), and the company scaled back its planned capacity addition from Rs. 165 crore for flushable products to Rs. 50 crore for felted products made from recycled materials, citing changed market conditions. Q4 FY26 was disrupted by raw material supply and logistics issues tied to the US-Iran conflict, leading to a quarterly net loss of Rs. 152.14 lakhs versus a profit of Rs. 365.71 lakhs in Q4 FY25. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Spunbond Nonwoven Fabrics. Small, asset-light manufacturer of technical nonwoven textiles with planned capacity expansion scaled back
Exhibit 1: Financial summary, FY19–FY22 (all audited; no estimate years)
| ₹ crore · consolidated | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|
| Revenue | 197 | 98 | 107 | 95 |
| EBITDA (ex other income) | 13 | 17 | 22 | 15 |
| margin % | 6.6 | 17.1 | 20.9 | 15.7 |
| Owners' profit | 0 | 0 | 14 | 11 |
| EPS, as reported (₹) | 3.16 | 3.54 | 4.99 | 3.94 |
| ROE % · ROCE % | 6.0 · 6.0 | 6.3 · 8.2 | 8.2 · 10.5 | 6.6 · 8.1 |
| Debt / equity (x) | 0.00 | 0.04 | 0.00 | 0.00 |
| Cash from operations | — | — | 22 | 9 |
| Capex | — | — | (10) | (6) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q4 FY21 | Q1 FY22 | Q2 FY22 | Q3 FY22 | Q4 FY22 | Q1 FY23 | Q2 FY23 | Q3 FY23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 34 | 26 | 23 | 24 | 23 | 17 | 25 | 19 |
| Profit before tax | 5 | 5 | 4 | 4 | 0 | 2 | 2 | 2 |
| Net profit | 2 | 4 | 3 | 3 | 1 | 2 | 2 | 2 |
| EPS (₹) | 0.59 | 1.27 | 1.08 | 1.15 | 0.44 | 0.59 | 0.57 | 0.52 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 35,410 | 38.8 | 6.21 | 25.6 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,311 | 73.9 | 4.08 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,333 | 16.6 | 1.35 | 11.0 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,018 | 27.7 | 2.31 | 13.5 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,338 | 55.3 | 3.54 | 20.1 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,621 | 36.8 | 5.63 | 23.8 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,197 | 22.0 | 2.79 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,161 | 68.6 | 2.22 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.0 | 16.5 | 69 of 179 | 62% |
| P/B | 0.4 | 1.1 | 26 of 185 | 85% |
| ROCE | 2.6 | 4.3 | 125 of 215 | 42% |
| ROE | 1.9 | 4.7 | 119 of 188 | 37% |
| Debt / Equity | 0.0 | 0.4 | 27 of 188 | 86% |
| EBITDA margin | 15.9 | 9.8 | 52 of 198 | 74% |
| Revenue growth | (19.6) | 6.9 | 162 of 192 | 16% |
| Profit growth | (54.2) | 20.0 | 159 of 203 | 21% |
| Market cap | 73 | 59 | 109 of 223 | 51% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 21 Oct 2026 · Board Meeting on Oct 29 to consider Q2 FY26 financial results | board shareholder meetings | low | — | — |
| 15 Oct 2026 · SDD Compliance Certificate for Quarter Ended September 30, 2026 | compliance | minimal | — | — |
| 9 Oct 2026 · Quarterly compliance certificate for dematerialisation of shares | compliance | minimal | — | — |
| 1 Oct 2026 · AGM voting results: All 5 resolutions passed with over 99% support | board shareholder meetings | low | — | — |
| 30 Sept 2026 · AGM Results: All 5 Resolutions Passed with Over Majority | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Fiberweb India 41st AGM held on Sept 29, 2026; five resolutions transacted | board shareholder meetings | low | — | — |
| 24 Sept 2026 · Trading window closed ahead of Q2 FY26 results | compliance | minimal | — | — |
| 15 Sept 2026 · Promoter Pravin V Sheth buys 31,790 shares of Fiberweb India via open market | ownership changes | medium | — | — |
| 9 Sept 2026 · AGM notice and Annual Report link for FY26 | compliance | minimal | — | — |
| 8 Sept 2026 · Fiberweb India 41st AGM notice dispatched; e-voting Sep 26 to 28 | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.