Shree Ram Twistex posts 77% profit rise in FY26; AGM set for Sept 24
- Net profit after tax surged 77% YoY to ₹141.65 crore in FY26
- Revenue from operations grew 8% to ₹2,728.94 crore
- IPO raised ₹1,102.40 crore, strengthening balance sheet
- Debt-equity ratio improved to 0.15 from 0.84 in FY25
- 13th AGM scheduled for September 24, 2026

*this image is generated using AI for illustrative purposes only.
Shree Ram Twistex Limited reported a 77% year-on-year increase in net profit after tax (PAT) for FY26, reaching ₹141.65 crore from ₹79.96 crore in FY25. The growth was underpinned by an 8% rise in revenue from operations to ₹2,728.94 crore, alongside improved cost management and the successful completion of its Initial Public Offering (IPO).
The Board of Directors approved the financial results in its meeting on August 26, 2026. The company has scheduled its 13th Annual General Meeting (AGM) for September 24, 2026, to adopt the audited financial statements and transact other business items.
Financial Performance Highlights
Shree Ram Twistex demonstrated strong top-line and bottom-line growth in FY26. Revenue from operations expanded to ₹2,728.94 crore, up from ₹2,527.51 crore in the previous fiscal year. Other income declined slightly to ₹11.72 crore from ₹12.76 crore.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹2,728.94 crore | ₹2,527.51 crore | +8% |
| Total Revenue | ₹2,740.65 crore | ₹2,540.24 crore | +8% |
| Profit Before Tax | ₹165.44 crore | ₹93.76 crore | +76% |
| Net Profit After Tax | ₹141.65 crore | ₹79.96 crore | +77% |
| Earnings Per Share (Basic) | ₹4.67 | ₹2.72 | +72% |
The Earnings Per Share (EPS) for the year stood at ₹4.67, compared to ₹2.72 in FY25. The company did not recommend any dividend for the financial year under review.
Capital Raise and Balance Sheet Strength
A significant development during FY26 was the completion of the company’s IPO. Shree Ram Twistex allotted 10.6 million equity shares at an issue price of ₹110 per share, raising gross proceeds of ₹1,102.40 crore. The equity shares were listed on the Main Board of stock exchanges with effect from March 2, 2026.
This capital infusion substantially strengthened the company’s balance sheet. Total shareholders’ funds increased to ₹1,984.76 crore from ₹740.33 crore in FY25. Concurrently, the debt-equity ratio improved significantly to 0.15 from 0.84 in the previous year, reflecting reduced leverage and enhanced financial flexibility.
Agenda Items for AGM
The 13th AGM will focus on three primary resolutions:
- Adoption of Financial Statements: Shareholders will consider and adopt the Audited Financial Statements for FY26, along with the Directors' Report and Auditor's Report.
- Director Reappointment: Mr. Rameshchandra Mohanlal Hirani (DIN: 06775835), who retires by rotation, offers himself for reappointment as Director. He holds over 11 years of experience in the textile industry and owns 1,505,000 equity shares as of March 31, 2026.
- Ratification of Cost Auditor Remuneration: Approval is sought for the remuneration of ₹1,00,000 plus applicable taxes and out-of-pocket expenses to M/s. Niketan Govindbhai Tadhani & Co., Cost Accountants, for FY27.
Meeting Logistics
The AGM will be conducted via video conferencing or other audio-visual means. The deemed venue is the company’s registered office in Gondal, Gujarat.
| Particulars | Details |
|---|---|
| Meeting Date & Time | September 24, 2026, at 3:00 pm |
| Cut-off date for Notice entitlement | August 21, 2026 |
| Cut-off date for E-voting | September 17, 2026 |
| E-voting start date & time | September 21, 2026, 9:00 am |
| E-voting end date & time | September 23, 2026, 5:00 pm |
Ms. Sonu Jain, a practicing Company Secretary, has been appointed as the scrutinizer for the AGM. Proxy appointments are not available for this meeting, though body corporates may appoint authorized representatives.
What the Numbers Show
The sharp expansion in net profit, outpacing revenue growth, indicates improved operational leverage and margin efficiency. The substantial reduction in the debt-equity ratio, driven by the IPO proceeds, positions the company with a robust capital base to fund future expansion plans, including machinery upgrades and renewable energy projects as outlined in the variation of IPO proceeds approved via postal ballot.
Historical Stock Returns for Shree Ram Twistex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.15% | +3.60% | -2.56% | -19.66% | -45.52% | -45.52% |
How will the ₹1,102 crore IPO proceeds specifically accelerate the company's planned machinery upgrades and renewable energy projects in FY27?
What impact might the decision to forgo a dividend payout have on retail investor sentiment and stock price volatility post-listing?
Given the significant reduction in debt-equity ratio to 0.15, does management plan to pursue acquisitions or further leverage for expansion?


































