Ecoline Exim Q2 FY26 Earnings Analysis
Published 15 Aug 2026 | Industrial Products | Market Cap: ₹394 Cr
Price
₹187
Market Cap
₹394 Cr
P/E Ratio
19.5
Revenue Rank
Margin Rank
Earnings Summary
For the current financial year (FY 2025-26), Ecoline Exim targets sales around INR 300-320 crores. Revenue expected to grow from INR 300-320 crores (FY 2026) to around INR 380-390 crores next year, with an internal target of INR 400 crores.
📊 Revenue & Sales Performance
Rank 2- →For the current financial year (FY 2025-26), Ecoline Exim targets sales around INR 300-320 crores.
- →Next financial year (FY 2026-27), expected revenue is INR 380-390 crores, with an internal target of INR 400 crores, representing peak utilization of existing and upcoming capacities.
- →By FY 2028-29, with the Ahmedabad unit operational, revenue is expected to exceed INR 600 crores.
- →Capacity addition of 20 million bags in the next financial year (starting January 2026) will contribute about 15% to revenue growth.
- →Current capacity utilization is over 95%, with ongoing expansion helping accommodate growing order inflow (20% growth compared to the previous year).
- →Growth is supported by broadening market reach, including USA, Japan, Europe, Latin America, and CIS.
- →Product expansion into polyester bags is planned, potentially aiding marketing and margin enhancement.
📈 Profitability & Margins
Rank 1- →Revenue expected to grow from INR 300-320 crores (FY 2026) to around INR 380-390 crores next year, with an internal target of INR 400 crores.
- →By FY 2028-29, with Ahmedabad unit operational, top-line expected to exceed INR 600 crores.
- →Capacity planned to increase from current 45 million units to 65 million by next year, targeting 110 million units by FY 2028-29.
- →PAT margin projected to improve from approx. 9.3% (H1 FY26) to around 10% in current year and 11%-12.5% by FY 2028-29 due to operational efficiencies and scale benefits.
- →EBITDA margin guidance around 14%-15% for current fiscal year.
- →Expansion into polyester product segment expected to support margin improvement gradually.
- →Working capital management and reduced production lead times being focused to improve cash flows, supporting profitability growth.
🏗️ Capital Expenditure Plans
Yes- →Capex plans include setting up a new plant in Ahmedabad with an estimated capex of INR 65-70 crores.
- →The Ahmedabad plant covers a large land area with 300,000 to 400,000 sq. ft. of constructed area, expected to improve revenue and margins over time.
- →In the current financial year, around INR 8-10 crores capex is planned, mainly for the Calcutta plant, which is partly on rent with incremental capex around INR 10 crores.
- →Two new plants in Calcutta are coming up with added capacity of 12-14 million units (Factory 4) and 8 million units (Factory 6), increasing capacity by approx. 50% next financial year.
- →Total capacity expected to reach 65 million units next year and 110 million units by FY 2028-29.
- →Capex to be funded through IPO proceeds and internal accruals; no plans to take debt.
- →Expect new plant revenues from late current financial year onwards, with phased margin improvements.
💰 Fundraising & Capital Structure
Yes- →Ecoline Exim Limited does not plan to take any debt as of now.
- →The company will be utilizing internal accruals and IPO proceeds for its capex plans.
- →There are no borrowings except export credit limits from banks, on which interest is paid.
- →The company has fixed deposits and reserves reserved for capex.
- →Future capex, including the Ahmedabad plant (~INR 65-70 crores) and smaller capex (~INR 8-10 crores) at Calcutta plant, will be funded through IPO proceeds and internal accruals.
- →No mention of any new fundraising through equity apart from IPO proceeds being used.
📋 Order Book & Pipeline
Yes- →Current order book stands at approximately INR102 crores.
- →Order inflow has grown by about 20% compared to the last financial year.
- →Order conversion cycle is around three to three and a half months.
- →Orders are not one-time bulk but from established retail brands across various countries.
- →Company maintains a diversified customer base to avoid concentration risk.
- →Inventory in-house is roughly for about two to three months.
- →Production capacity utilization is around 90%-95%, aided by outsourcing certain production processes.
- →New production capacity (Unit 4) trials start mid-December with revenue expected from the last quarter of the current financial year.
- →Peak revenue capacity from the new unit expected to contribute at least 15% to next year's revenue.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Ecoline Exim Q2 FY26 results?
For the current financial year (FY 2025-26), Ecoline Exim targets sales around INR 300-320 crores. Revenue expected to grow from INR 300-320 crores (FY 2026) to around INR 380-390 crores next year, with an internal target of INR 400 crores.
What is Ecoline Exim share price analysis?
Ecoline Exim currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 19.5 with a market cap of ₹394 Cr. Investors should review the full earnings analysis for detailed insights.
Is Ecoline Exim planning capital expenditure?
Capex plans include setting up a new plant in Ahmedabad with an estimated capex of INR 65-70 crores. - The Ahmedabad plant covers a large land area with 300,000 to 400,000 sq.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.