NSE: PBMPOLY · BSE: 514087
P B M POLYTEX LTD.
Manufactures yarn and textile products at two plants — the BLP Super Spinners unit and a Petlad facility — that together generated Rs. 166.52 crores of revenue in FY26, down 5.5% from the prior year. Raw materials account for 63% of revenue, employee costs 14.8%, and other operating expenses 21.6%, leaving the business with an EBITDA margin of about 1.2% and a small net loss of Rs. 1.57 crores for the year. Both units saw operational disruption during the period: a fire at the Petlad plant in August 2025 (restored in September 2025, insurance claim of Rs. 67.32 lakhs settled) and an illegal sit-down worker strike that halted BLP Super Spinners from 2 June to 15 June 2026. The BLP unit was also subject to a roughly three-year wage-revision dispute settled out of court in April 2026, carrying an estimated total liability of about Rs. 2.30 crores. No dividend was declared for FY26. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Yarn and textile manufacturing. Low-margin, asset-light textile spinning operation with episodic labour and plant-disruption risk
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 255 | 202 | 192 | 176 | 167 |
| EBITDA (ex other income) | 32 | 2 | (9) | (4) | (6) |
| margin % | 12.6 | 0.8 | (4.5) | (2.2) | (3.9) |
| Owners' profit | 22 | 0 | (6) | (4) | (2) |
| EPS, as reported (₹) | 31.90 | 0.49 | (9.38) | (6.45) | (2.29) |
| ROE % · ROCE % | 17.5 · 23.1 | 0.3 · 0.9 | (5.5) · (6.6) | (3.9) · (4.7) | (1.4) · (1.3) |
| Debt / equity (x) | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 |
| Cash from operations | 4 | 23 | (11) | (6) | 4 |
| Capex | (7) | (5) | (5) | (2) | (1) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 41 | 43 | 43 | 50 | 46 | 35 | 37 | 48 |
| Profit before tax | (2) | (2) | (2) | (1) | (2) | (2) | 3 | (2) |
| Net profit | (1) | (2) | (1) | (0) | (1) | (1) | 2 | (1) |
| EPS (₹) | (1.56) | (2.35) | (1.93) | (0.62) | (2.14) | (1.78) | 3.62 | (1.99) |
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. | 37,325 | 40.9 | 6.55 | 27.0 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,367 | 74.1 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,669 | 17.0 | 1.39 | 11.3 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 10,870 | 27.4 | 2.28 | 13.4 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,471 | 56.1 | 3.60 | 20.4 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,310 | 35.3 | 5.40 | 22.9 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,207 | 22.0 | 2.80 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,178 | 68.8 | 2.23 | 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/B | 0.3 | 1.1 | 13 of 185 | 93% |
| ROCE | (1.8) | 4.3 | 181 of 215 | 16% |
| ROE | (1.4) | 4.7 | 157 of 188 | 17% |
| Debt / Equity | 0.0 | 0.4 | 31 of 188 | 84% |
| EBITDA margin | (1.5) | 9.8 | 175 of 198 | 12% |
| Revenue growth | (3.6) | 6.9 | 129 of 192 | 33% |
| Profit growth | (223.2) | 20.0 | 190 of 203 | 6% |
| Market cap | 39 | 61 | 134 of 223 | 40% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Compliance certificate under SEBI Reg 74(5) for QE Sep 2026 | compliance | minimal | — | — |
| 30 Sept 2026 · PBM Polytex 107th AGM: all 9 resolutions passed with over 99 percent approval | board shareholder meetings | low | — | — |
| 28 Sept 2026 · PBM Polytex 107th AGM: 9 resolutions including Wind Mill disposal tabled | board shareholder meetings | medium | — | — |
| 26 Sept 2026 · Trading Window Closed from Oct 1, 2026 for Q2 Results | compliance | minimal | — | — |
| 4 Sept 2026 · Newspaper publication of 107th AGM notice submitted to BSE | compliance | minimal | — | — |
| 3 Sept 2026 · Physical letters sent to shareholders for 107th AGM and Annual Report 2025-26 | compliance | minimal | — | — |
| 3 Sept 2026 · PBM Polytex files 107th Annual Report for FY 2025-26 with BSE | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Notice of 107th AGM on 28 Sept 2026; MD re-appointments and windmill disposal on agenda | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Book Closure 22-28 Sep 2026 for 107th AGM, cut-off 21 Sep | board shareholder meetings | low | — | — |
| 3 Sept 2026 · 107th AGM on 28 Sep 2026; MD re-appointments, windmill disposal, CEO pay hike | board shareholder meetings | low | — | — |
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.