Manufactures paper fabrics, an industrial textile product used in the paper industry, as suggested by its name and its classification as 'Other Textile Products'. Operations are run from Faridabad, under the wider Voith group (inferred from the investorcare.vifa@voith.com contact). The business is order-led: orders received in FY26 reached ₹2,315.96 million, up 26.5% year-on-year, against revenue of ₹208.949 crore. The order book pointing ahead of revenue points to a B2B industrial supplier serving paper manufacturers. FY26 ran at an EBITDA margin of 33.6%. The cost stack is dominated by other operating expenses (28.3% of revenue), materials (23.3%), and employee costs (13.8%), with depreciation at 7.2% and capex at 10.3% of revenue. The balance sheet is cash-rich, with bank balances of ₹2,437.19 million and reserves of ₹4,193.13 million, supporting a 100% dividend (₹10 per share) for FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Paper fabrics (industrial textiles). Order-driven industrial textile supplier to the paper industry
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 145 | 164 | 180 | 190 | 209 |
| EBITDA (ex other income) | 39 | 41 | 45 | 51 | 51 |
| margin % | 27.2 | 25.0 | 25.1 | 26.6 | 24.4 |
| Owners' profit | 29 | 32 | 36 | 40 | 41 |
| EPS, as reported (₹) | 66.77 | 72.34 | 82.67 | 90.87 | 94.36 |
| ROE % · ROCE % | 10.2 · 13.6 | 10.1 · 13.4 | 10.4 · 13.8 | 10.4 · 13.7 | 9.8 · 12.7 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 19 | 28 | 39 | 46 | 42 |
| Capex | (11) | (20) | (26) | (26) | (22) |
| ₹ crore | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 45 | 45 | 51 | 53 | 53 | 53 | 50 | 53 |
| Profit before tax | 10 | 14 | 14 | 15 | 17 | 15 | 11 | 12 |
| Net profit | 7 | 10 | 10 | 11 | 13 | 12 | 8 | 9 |
| EPS (₹) | 16.89 | 23.37 | 23.42 | 25.83 | 28.66 | 26.25 | 18.64 | 20.84 |
| 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 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Notice of Postal Ballot Exercise with cut-off date and e-voting schedule | compliance | minimal | — | — |
| 26 Aug 2026 · Board Authorizes KMPs for Materiality Assessment and Disclosures | compliance | low | — | — |
| 26 Aug 2026 · Voith Paper Fabrics appoints Asesh Kumar Mukherjee as MD and CEO for 5 years | management changes | high | — | — |
| 26 Aug 2026 · Voith Paper Fabrics India appoints Asesh Kumar Mukherjee as MD for 5 years | management changes | high | — | — |
| 26 Aug 2026 · New MD appointed: Mr. Asesh Kumar Mukherjee for 5 years | management changes | high | — | — |
| 20 Aug 2026 · Managing Director ceases office after shareholders reject reappointment | management changes | high | — | — |
| 20 Aug 2026 · Managing Director ceases after shareholders reject reappointment | management changes | high | — | — |
| 20 Aug 2026 · MD ceases after shareholders reject reappointment at AGM | management changes | high | — | — |
| 20 Aug 2026 · AGM voting results: dividend Rs.10 approved, director re-appointment rejected | compliance | minimal | — | — |
| 19 Aug 2026 · 56th AGM: Rs.10 dividend, director re-appointment and RPT approval tabled | board shareholder meetings | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 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 | 97.2 | 0.44 | 7.7 | 0.5 | 0.7 | — | 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.4 | 14.8 | 106 of 205 | 49% |
| P/B | 1.5 | 1.3 | 102 of 183 | 44% |
| ROCE | 12.7 | 4.2 | 37 of 227 | 84% |
| ROE | 9.8 | 4.8 | 66 of 214 | 70% |
| Debt / Equity | 0.0 | 0.3 | 22 of 214 | 78% |
| EBITDA margin | 29.5 | 9.8 | 14 of 198 | 93% |
| Revenue growth | 1.4 | 6.9 | 110 of 192 | 43% |
| Profit growth | (19.3) | 20.0 | 136 of 203 | 33% |
| Market cap | 638 | 63 | 38 of 221 | 83% |
| 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 |
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.
