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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Textiles (100%). Small, single-segment textile manufacturer; recently IPO'd on BSE SME
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 19 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 2.16 |
| ROE % · ROCE % | — · 9.9 |
| Debt / equity (x) | — |
| Cash from operations | (3) |
| Capex | (2) |
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 8 | 11 |
| Profit before tax | 1 | 0 |
| Net profit | — | — |
| EPS (₹) | 1.72 | 0.62 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,974 | 41.6 | 6.66 | 27.5 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 19,663 | 71.5 | 3.95 | 25.3 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 16,368 | 19.0 | 1.55 | 12.4 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,965 | 30.1 | 2.51 | 14.5 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,757 | 58.0 | 3.72 | 21.1 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,675 | 37.1 | 5.67 | 24.0 | 14.7 | 18.7 | 8.1 | 20.5 |
| JINDAL WORLDWIDE LTD | 5,314 | 63.1 | 6.17 | 40.6 | 8.1 | 9.0 | 6.1 | 8.7 |
| RAYMOND LIFESTYLE LIMITED | 4,213 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Notice of 3rd AGM published in newspapers | compliance | minimal | — | — |
| 4 Sept 2026 · Newspaper publication of 3rd AGM notice; meeting on September 26, 2026 | compliance | minimal | — | — |
| 3 Sept 2026 · 3rd AGM notice filed with BSE; meeting set for September 26, 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · FY2025-26 annual report shows 29.9 percent revenue growth but lower profit | results | high | — | — |
| 3 Sept 2026 · Notice of 3rd AGM on September 26, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Sihora board approves FY26 annual report, calls 3rd AGM on Sept 26 | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Sihora Industries appoints Secretarial and Internal Auditors | management changes | medium | — | — |
| 25 Aug 2026 · Board approves Secretarial and Internal Auditor appointments | management changes | low | — | — |
| 18 Aug 2026 · No exit offer needed after change in IPO proceeds use | capital market events | medium | — | — |
| 18 Aug 2026 · Postal Ballot Result: Alteration of Issue Proceeds Objects Approved | board shareholder meetings | low | — | — |
| 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 |
| 97.2 |
| 0.44 |
| 7.7 |
| 0.5 |
| 0.7 |
| — |
| 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 26.2 | 14.8 | 138 of 205 | 33% |
| ROCE | 8.0 | 4.2 | 74 of 227 | 68% |
| Market cap | 33 | 63 | 148 of 221 | 33% |
| 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 |
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