Manufactures and sells textiles and garments under the Garments & Apparels classification. FY26 revenue stood at Rs 1,602.11 crore, with consolidated operations spanning three associates — Chiripal Textile Mills, Nandan Industries, and Quality Exim. Manufacturing runs from a factory on Narol Road in Ahmedabad, which suffered a small electrical fire in June 2026 with no injuries and no operational disruption. The company sits within the Chiripal Group, led by Managing Director Brijmohan Chiripal. In FY26, trade receivables rose sharply while long-term borrowings declined. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Textiles and garments. Asset-light textile manufacturer with high working-capital intensity
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 1,520 | 1,602 |
| EBITDA (ex other income) | 121 | 113 |
| margin % | 8.0 | 7.0 |
| Owners' profit | 29 | 36 |
| EPS, as reported (₹) | 1.47 | 1.52 |
| ROE % · ROCE % | 6.1 · 15.1 | 5.5 · 11.7 |
| Debt / equity (x) | 0.61 | 0.35 |
| Cash from operations | 108 | 19 |
| Capex | (11) | (4) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 340 | 385 | 404 | 391 | 397 | 433 | 424 | 348 |
| Profit before tax | 8 | 13 | 16 | 13 | 10 | 14 | 11 | 10 |
| Net profit | 5 | 7 | 10 | 7 | 9 | 11 | 8 | 9 |
| EPS (₹) | 0.48 | 0.37 | 0.39 | 0.37 | 0.44 | 0.43 | 0.34 | 0.38 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PAGE INDUSTRIES LTD | 39,474 | 52.2 | 26.27 | — | 50.8 | 58.6 | — | 21.1 |
| ARVIND LIMITED | 15,120 | 36.5 | 3.65 | 15.8 | 10.3 | 11.9 | 12.9 | 9.4 |
| GOKALDAS EXPORTS LTD. | 5,773 | 56.0 | 2.67 | 15.3 | 4.6 | 6.0 | 26.9 | 12.1 |
| PEARL GLOBAL IND LIMITED | 5,506 | 17.7 | 3.83 | 11.0 | 18.8 | 16.8 | 27.5 | 11.2 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Aug 2026 · Vishal Fabrics: All 4 resolutions passed at 41st AGM with 100% approval | board shareholder meetings | low | — | — |
| 11 Aug 2026 · Revised 41st AGM Proceedings Submitted - Vishal Fabrics | board shareholder meetings | medium | — | — |
| 11 Aug 2026 · Vishal Fabrics 41st AGM held on Aug 11, 2026; four resolutions passed | board shareholder meetings | medium | — | — |
| 6 Aug 2026 · Vishal Fabrics Q1 FY27 PAT at about Rs 7 cr, revenue dips 4.5 percent | results | high | — | — |
| 6 Aug 2026 · Vishal Fabrics Q1 FY27: revenue and profit decline year on year | results | high | — | — |
| 29 Jul 2026 · Board meeting on Aug 6 to approve Q1 FY27 unaudited results | results | low | — | — |
| 14 Jul 2026 · RTA compliance certificate filed for Q1 FY27 dematerialisation | compliance | minimal | — | — |
| 14 Jul 2026 · Annual Report FY 2025-26 weblink shared with shareholders | compliance | minimal | — | — |
| 14 Jul 2026 · 41st AGM notice published in newspapers, set for August 11, 2026 | compliance | minimal | — | — |
| 13 Jul 2026 · Corrigendum to FY25-26 Annual Report - typo in AGM notice fixed | investor communications | medium | — | — |
| 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 |
| LUX INDUSTRIES LIMITED |
| 3,443 |
| 32.3 |
| 1.89 |
| 19.2 |
| 5.8 |
| 7.3 |
| 8.4 |
| 8.2 |
| KEWAL KIRAN CLOTHING LTD | 3,051 | 20.6 | 2.73 | 11.2 | 13.6 | 16.6 | 32.0 | 24.0 |
| S. P. APPARELS LIMITED | 2,582 | 24.5 | 2.75 | 12.4 | 10.7 | 14.2 | 19.3 | 15.9 |
| KITEX GARMENTS LTD | 2,473 | — | 2.00 | 36.2 | (1.1) | 0.3 | 7.9 | 11.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 11.6 | 17.7 | 15 of 39 | 63% |
| P/B | 0.7 | 1.6 | 6 of 35 | 85% |
| ROCE | 6.1 | 8.4 | 25 of 44 | 44% |
| ROE | 5.5 | 5.8 | 20 of 37 | 47% |
| Debt / Equity | 0.3 | 0.3 | 24 of 37 | 36% |
| EBITDA margin | 7.5 | 10.4 | 23 of 35 | 35% |
| Revenue growth | (11.1) | 7.9 | 28 of 37 | 25% |
| Profit growth | 21.6 | 6.8 | 14 of 37 | 64% |
| Market cap | 458 | 158 | 16 of 44 | 65% |
| 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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