SIHORA INDUSTRIES LIMITED

Operates as a Surat-based textile manufacturer in a single textile segment, listed on the BSE SME platform since October 17, 2025 under scrip code 544585. Revenue from operations grew 30% to ₹1,891.98 lakh in FY26 from ₹1,456.20 lakh in FY25, on strong sales growth. Profitability fell sharply with net profit dropping 48% to ₹96.50 lakh, weighed down by rising raw material costs (₹1,541.78 lakh versus ₹879.16 lakh in FY25) and a ₹436.55 lakh inventory build-up that pushed operating cash flow to negative ₹270.51 lakh. The company completed its IPO in October 2025, raising ₹1,056 lakh, and is now seeking shareholder approval to redirect unutilized IPO proceeds toward entering zipper manufacturing. The plan involves buying 4 Crochet Knitting, 12 Coiling, and 12 Stitching Machines, replacing earlier plans for a Needle Loom Jacquard Machine, Elastic Tape Winding Machine, Rubber Covering Machine, and Diesel Generator that were dropped due to higher costs, forex fluctuations, and adequate local power supply. Employee costs accounted for 15.4% of revenue and other operating expenses 15.7% of revenue in FY26.