Spunweb Nonwoven Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹270 Cr
- P/E
- 11.70
- ROE
- 27.44%
- PEG
- 0.07
- Price to sales
- 0.83
- Debt to equity
- 0.63
- 52W high / low
- ₹160 / ₹82.1
- EBITDA margin
- 17.25%
- Net profit margin
- 7.11%
- Promoter holding
- 65.27%
- Sales (last year)
- ₹324 Cr
Incorporated in 2015, Spunweb Nonwoven Limited is a manufacturer and supplier of non-woven fabrics, primarily used for applications like doormats, bags, carpets, and tarpaulins.[1]
Guidance scorecard · Q2 FY27 call
What Spunweb Nonwoven's management guided
and where it ranks in Textiles & Apparels
Textiles & Apparels
RevenueQ4 FY26 call
20–40%- The non-woven fabric demand in India is growing at an 11% CAGR, with global market projected at $40.77 billion by FY29.
- Spunweb aims to maintain and slightly exceed current revenue growth over the next 1-2 years.
- Expansion plans include adding new production lines based on demand and profitability, with 3-4 lines under consideration.
- Expected utilization of new lines (lines 6 and 7) to reach 80-85% by Q4 FY27, boosting capacity and volumes.
- Focus on hygiene sector which contributes ~50% of revenue and offers higher margins; growth is primarily volume-driven with price pass-through of raw material costs.
2 more points from Spunweb Nonwoven's call on revenue
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MarginsQ4 FY26 call
FlatSee what Spunweb Nonwoven said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- The company has plans for expansion but the specific expansion depends on market demand, profitability, and the type of production line selected.
- Currently, there are 3-4 production lines considered for future expansion; the decision will be based on market conditions and customer confidence regarding quantity.
- Expansion typically requires about 1 to 1.5 years lead time for machinery procurement and setup.
- Infrastructure is in place for adding more lines; alternatives such as acquisition are also considered to enhance production capacity.
- Government subsidies, including a 20% capital investment subsidy and electricity rate benefits, support expansion.
- Given current market uncertainties (e.g., global trade wars, war situations), entry into new value-added product lines is postponed.
2 more points from Spunweb Nonwoven's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Spunweb Nonwoven said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- Hygiene sector demand is robust, especially domestically due to rising awareness and government initiatives.
- New customer onboarding in hygiene requires stocking various SKUs, impacting working capital.
- Lines 6 and 7 are newly commissioned with utilization currently at 17-22%, expected to ramp up to 80%+ utilization by Q4 FY27.
- Capacity expansions and new lines will be decided based on demand and customer confidence.
- The company has a diversified customer base with about 80% revenue from existing customers.
2 more points from Spunweb Nonwoven'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 Textiles & Apparels
on management's own guidance
- Strong growth2
- Strong growth1
- Sumeet IndustrieGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Textiles & Apparels companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹602 Cr | 97.3 | |
| 2 | 40%+ | Flat | ₹383 Cr | 25.2 | |
| 3 | Sumeet Industrie | 20–40% | Up 2%+ | ₹638 Cr | 25.8 |
| 4 | 20–40% | Up 2%+ | ₹301 Cr | 20.1 | |
| 5 | 20–40% | Up 0–2% | ₹2,383 Cr | 10.4 | |
| 6 | 20–40% | Up 0–2% | ₹1,032 Cr | 55.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels rankingFinancials of Spunweb Nonwoven
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Spunweb Nonwoven
Shareholding breakup across reporting periods.
| Sep 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|
| Promoters + | 65.18% | 65.27% | 65.27% |
| FIIs + | 0.87% | 0.05% | 0.05% |
| DIIs + | 5.47% | 5.06% | 4.76% |
| Public + | 28.49% | 29.61% | 29.91% |
| No. of Shareholders | 949 | 972 | 999 |
Financials of Spunweb Nonwoven
Quarterly Results
Quarter-by-quarter operating performance
Financials of Spunweb Nonwoven
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| Sales + | 114 | 116 | 149 | 226 | 324 | 391 |
| Expenses + | 107 | 105 | 133 | 194 | 269 | 330 |
| Operating Profit | 6 | 11 | 15 | 31 | 56 | 60 |
| OPM % | 6% | 9% | 10% | 14% | 17% | 15% |
| Other Income + | 4 | 2 | 6 | 1 | 2 | 3 |
| Interest | 3 | 4 | 5 | 8 | 11 | 12 |
| Depreciation | 2 | 6 | 9 | 9 | 13 | 15 |
| Profit before tax | 5 | 2 | 7 | 16 | 34 | 37 |
| Tax % | 29% | 34% | 27% | 31% | 32% | |
| Net Profit + | 3 | 1 | 5 | 11 | 23 | 25 |
| EPS in Rs | 2.02 | 0.68 | 3.30 | 6.08 | 9.57 | 10.49 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Spunweb Nonwoven
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 18 | 24 | 24 |
| Reserves | 9 | 10 | 16 | 27 | 99 | 112 |
| Borrowings + | 56 | 50 | 48 | 91 | 77 | 95 |
| Other Liabilities + | 11 | 23 | 32 | 46 | 54 | 68 |
| Total Liabilities | 86 | 93 | 107 | 183 | 254 | 299 |
| Fixed Assets + | 12 | 50 | 46 | 57 | 78 | 72 |
| CWIP | 38 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 36 | 43 | 61 | 125 | 176 | 227 |
| Total Assets | 86 | 93 | 107 | 183 | 254 | 299 |
Financials of Spunweb Nonwoven
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 15 | 17 | 10 | 3 | 3 |
| Cash from Investing Activity + | -39 | -6 | -4 | -9 | -33 |
| Cash from Financing Activity + | 24 | -11 | -5 | 6 | 30 |
| Net Cash Flow | -0 | -0 | 0 | 0 | 0 |
| Free Cash Flow | -25 | 11 | 5 | -1 | -31 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 261% | 171% | 68% | 18% | 23% |
Financials of Spunweb Nonwoven
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 38 | 69 | 75 | 98 | 91 |
| Inventory Days | 35 | 42 | 79 | 110 | 114 |
| Days Payable | 24 | 91 | 95 | 84 | 70 |
| Cash Conversion Cycle | 49 | 19 | 59 | 123 | 136 |
| Working Capital Days | 33 | 4 | 15 | 32 | 78 |
| ROCE % | 8% | 17% | 22% | 27% |
Continue your research
What Spunweb Nonwoven's management said in earlier quarters
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