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Revenue
₹39.1 Cr
verification pending
Revenue YoY
199.8%
reported change
EBITDA
₹9 Cr
latest reported figure
Source
bse pending
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Silkflex Polymers delivered a stellar Q4 FY26, with revenue surging 199.8% YoY to ₹39.1 crore and EBITDA jumping 224.4% to ₹9 crore, driven by the first full quarter of manufacturing at the new Vapi plant. The manufacturing segment contributed ~40% of Q4 revenue at higher margins (20-25% vs 12-15% for trading), lifting overall EBITDA margin by 180bps to 23.1%. Management guided for full capacity utilization (500 MT/month) by FY27-end, targeting manufacturing revenue of ₹60-70 crore and a 50:50 revenue mix. A 2-3% further margin expansion is expected as utilization scales. Key risk: raw material cost volatility and global export uncertainty could pressure margins if not managed through inventory strategy.
Colored figures show movement against the previous available record.
Guidance to track
- Target to reach 100% utilization of 500 MT/month manufacturing capacity by end of FY27.
- Based on ~80% average utilization, manufacturing revenue expected between ₹60-70 crore.
- Management aims to achieve equal contribution from manufacturing and trading segments.
- Overall company EBITDA margin expected to improve by 2-3% once manufacturing reaches full capacity.
Risks flagged
- Input costs rose sharply during the year due to global supply disruptions; management relies on inventory strategy to mitigate.
- Dependence on Silkflex Malaysia for technology and imports exposes the company to currency fluctuations and supply disruptions.
- Inventory at ₹29 crore remains high due to need to stock multiple imported products; may pressure working capital.
- Near-term export environment is cautious due to macro uncertainties and trade policy changes, which could impact trading revenue.
Key quotes
- The transition from a trading-led model to a manufacturing-driven company represents the realization of a long-term vision we have pursued since inception.
- Our EBITDA margin improved by 180 basis points reaching 23.1% from 21.3% in the same period last year.
- We are expecting to reach full capacity utilization by the end of financial year 27.
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