Ecoline Exim Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹371 Cr
- P/E
- 19.83
- ROE
- 14.83%
- PEG
- 7.68
- Price to sales
- 1.34
- Debt to equity
- 0.36
- 52W high / low
- ₹207 / ₹112
- EBITDA margin
- 8.85%
- Net profit margin
- 6.75%
- Promoter holding
- 74.70%
- Sales (last year)
- ₹277 Cr
Incorporated in 2008, Ecoline Exim Limited manufactures sustainable cotton, jute packaging, and promotional bags for global export.[1]
Guidance scorecard · Q4 FY26 call
What Ecoline Exim Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ2 FY26 call
20–40%- 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).
2 more points from Ecoline Exim Ltd's call on revenue
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MarginsQ2 FY26 call
Up 2%+See what Ecoline Exim Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- 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.
2 more points from Ecoline Exim Ltd's call on capex
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FundraisingQ2 FY26 call
PlannedSee what Ecoline Exim Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
Rising- 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.
2 more points from Ecoline Exim Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of Ecoline Exim Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Ecoline Exim Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Ecoline Exim Ltd
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales + | 198 | 303 | 269 | 278 |
| Expenses + | 190 | 280 | 242 | 254 |
| Operating Profit | 9 | 23 | 27 | 24 |
| OPM % | 4% | 8% | 10% | 9% |
| Other Income + | 2 | 7 | 4 | 8 |
| Interest | 2 | 3 | 2 | 3 |
| Depreciation | 3 | 3 | 3 | 3 |
| Profit before tax | 5 | 24 | 25 | 27 |
| Tax % | 33% | 28% | 25% | 25% |
| Net Profit + | 4 | 17 | 19 | 20 |
| EPS in Rs | 31.16 | 150.16 | 11.63 | 9.84 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of Ecoline Exim Ltd
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 1 | 1 | 16 | 21 |
| Reserves | 29 | 47 | 72 | 144 |
| Borrowings + | 41 | 42 | 40 | 60 |
| Other Liabilities + | 20 | 13 | 18 | 23 |
| Total Liabilities | 92 | 103 | 146 | 247 |
| Fixed Assets + | 16 | 17 | 14 | 12 |
| CWIP | 0 | 0 | 0 | 12 |
| Investments | 2 | 3 | 14 | 15 |
| Other Assets + | 74 | 82 | 118 | 208 |
| Total Assets | 92 | 103 | 146 | 247 |
Financials of Ecoline Exim Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from Operating Activity + | -13 | 9 | -5 | 2 |
| Cash from Investing Activity + | -3 | -1 | 1 | -10 |
| Cash from Financing Activity + | 16 | -1 | -7 | 73 |
| Net Cash Flow | -0 | 6 | -11 | 65 |
| Free Cash Flow | -21 | 4 | -7 | -11 |
| CFO/OP | -131% | 67% | 6% | 35% |
Financials of Ecoline Exim Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 59 | 48 | 60 | 43 |
| Inventory Days | 104 | 59 | 124 | 155 |
| Days Payable | 59 | 19 | 36 | 38 |
| Cash Conversion Cycle | 104 | 89 | 148 | 160 |
| Working Capital Days | 35 | 30 | 62 | 65 |
| ROCE % | 33% | 17% |
Continue your research
What Ecoline Exim Ltd's management said in earlier quarters
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