Filatex India delivered a strong FY26 performance, with profit after tax rising 36.7% to ₹183.90 crore and EBITDA growing 34.5% to ₹346.51 crore, even as revenue from operations edged down to ₹4,160.52 crore.

Financial Performance Overview

FY26 marked a year of meaningful margin improvement for Filatex India Limited. Despite a modest decline in revenue from ₹4,252.15 crore in FY25 to ₹4,160.52 crore in FY26, profitability improved sharply across all key metrics. EBITDA margin expanded from 6.06% in FY25 to 8.33% in FY26, while PAT margin rose from 3.16% to 4.42%. The company attributed the improvement to a better product mix, disciplined cost control and operating efficiency.

The following table summarises key financial metrics over the past four years:

Quarterly Financial Performance

The company's quarterly numbers for FY26 are presented below:

Volume and Balance Sheet Strength

Sales volume remained broadly steady at 3,88,813 MT in FY26, compared with 3,90,210 MT in FY25, while production stood at 3,89,027 MT. Capacity utilisation was sustained at over 90% across both manufacturing facilities at Dahej, Gujarat, and Dadra and Nagar Haveli.

The company's balance sheet continued to strengthen. The debt-equity ratio declined from 0.09 in FY25 to 0.08 in FY26, continuing a multi-year deleveraging trend from 0.33 in FY22. Return on equity improved from 10.62% to 12.96%, and return on capital employed rose from 12.53% to 14.90%.

Key Financial Ratios

Capital Expenditure Programme

During FY26, the Board approved a capital expenditure programme of approximately ₹690 crore, funded through debt of approximately ₹335 crore with the balance from internal accruals. The programme spans five initiatives:

The most significant initiative is the Ecosis chemical recycling facility, which converts polyester textile waste back into virgin-equivalent polyester. The plant is targeted for commissioning in October 2026. Product development and trials with international customers, including Decathlon and American & Efird, are ongoing. The company has invested approximately ₹64.98 crore in Ecosis Limited as of the reporting date.

Dividend and Standalone Financials

The Board has recommended a final dividend of ₹0.30 per equity share of face value ₹1 each for the year ended March 31, 2026, subject to shareholder approval at the Annual General Meeting scheduled for September 22, 2026.

On a standalone basis, total revenue stood at ₹4,18,998 lakhs and net profit after tax at ₹18,390 lakhs for FY26, compared with ₹4,27,306 lakhs and ₹13,457 lakhs respectively in FY25. Basic and diluted earnings per share were ₹4.14 for FY26, up from ₹3.03 in FY25.

Foreign exchange earned during the year was ₹6,887.86 lakhs, while foreign exchange used was ₹1,18,003.31 lakhs. The company's CSR obligation for FY26 was ₹314.43 lakhs, against which total CSR expenditure of ₹693.28 lakhs was incurred, resulting in an excess spend of ₹378.85 lakhs available for set-off in subsequent years.

Credit Rating and Governance

India Ratings & Research (a Fitch Group company) reaffirmed the company's credit rating on May 12, 2026, assigning IND AA-/Stable for long-term bank facilities and IND A1+ for short-term facilities. The wholly owned subsidiary Ecosis Limited received a term loan rating of IND A+/Stable. The statutory audit for FY26 was conducted by M/s Arun K. Gupta & Associates, whose report contained no qualifications, reservations or adverse remarks.

Anurag Choudhary and his Persons Acting in Concert (PACs) sold a 2.12% stake in Filatex India , disposing of 94,24,657 equity shares through the open market.

The transaction, executed between December 9, 2024, and August 27, 2026, reduced the group’s total holding to 6.30% (2,79,66,990 shares). The disclosure was filed with BSE and NSE on August 28, 2026, under Regulation 29(2) of the SEBI (SAST) Regulations, 2011.

Transaction Details

The seller group comprises Anurag Choudhary along with nine other entities and individuals, including Shyam Sundar Choudhary, Amit Choudhary, and various HUFs and LLPs associated with them. The group is not classified as part of the promoter or promoter group.

What the Numbers Show

The data reveals a significant discrepancy in the reported share counts. While the table lists pre-sale holdings as 37,391,647 shares (8.42%) and post-sale holdings as 2,79,66,990 shares (6.30%), the arithmetic does not align: subtracting the sold quantity (94,24,657) from the stated pre-sale figure results in approximately 27.97 million shares, not the reported 279.67 million. This suggests a potential typo in the source filing’s pre-sale share count, which appears to be missing a digit or misplaced comma, as the percentage drop (8.42% to 6.30%) is consistent with a much larger initial base than 37 million shares against a total capital of ~444 million.