Textile · Founded 1988 · www.shreebhavyafabrics.com · BSE 521131 · · ISIN INE363D01018
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1. Business Overview
Shree Bhavya Fabrics Ltd (SBFL) is an Indian company operating in the Textile sector, specifically within the Textile industry. As a textile company, SBFL's core business likely involves the manufacturing, processing, and sale of various textile products. This could encompass spinning (producing yarn), weaving/knitting (producing fabric), processing (dyeing, printing, finishing), or garment manufacturing. The company's name suggests a focus on fabrics. It likely makes money through the sale of these textile products to downstream manufacturers, garment exporters, retailers, or directly to consumers (B2B or B2C depending on its specific product portfolio and market strategy).
2. Key Segments / Revenue Mix
Without specific company data, it's typical for a textile company like SBFL to have segments based on the stage of textile production or type of product. Potential segments could include:
Yarn Production: Manufacturing different types of yarn (cotton, synthetic, blended).
Fabric Manufacturing: Producing woven or knitted fabrics (e.g., denim, shirting, suiting, home textiles).
Processing: Value-added services like dyeing, printing, and finishing of fabrics.
Garmenting: Manufacturing ready-made apparel.
The revenue mix would depend on where SBFL specializes along this value chain. Given "Fabrics" in its name, fabric manufacturing and processing are likely significant contributors.
3. Industry & Positioning
The Indian textile industry is vast, highly fragmented, and plays a significant role in the country's economy. It comprises a wide spectrum of players, from large integrated mills to numerous small and medium enterprises (SMEs). Competition is intense, both domestically and from international players. SBFL, as a participant in this industry, likely positions itself based on product specialization (e.g., specific fabric types, quality, design capabilities), cost efficiency, customer relationships, or catering to specific market niches (e.g., domestic market, export market, specific fashion segments). Its scale relative to larger, integrated players would dictate its competitive reach.
4. Competitive Advantage (Moat)
For a textile company, potential competitive advantages are often operational rather than based on strong brands or network effects. These could include:
Cost Leadership: Highly efficient manufacturing processes, economies of scale (if sufficiently large), or access to cost-effective raw materials/labor.
Product Specialization/Quality: Expertise in producing high-quality or specialized fabrics that meet specific customer requirements.
Customer Relationships: Strong, long-standing relationships with key buyers, leading to repeat orders.
Operational Flexibility: Ability to quickly adapt to changing fashion trends and customer demands.
Backward/Forward Integration: Control over multiple stages of the value chain, which can improve cost control and quality.
Without specific details, the existence and strength of a durable moat for SBFL are speculative.
5. Growth Drivers
Key factors that could drive SBFL's growth over the next 3-5 years include:
Increasing Domestic Consumption: Rising disposable incomes and population growth in India leading to higher demand for textiles and apparel.
Export Opportunities: Growth in global demand for textiles and garments, leveraging India's competitive position in manufacturing.
Technological Upgrades: Investment in modern machinery and processes to improve efficiency, quality, and expand product offerings.
Product Diversification: Expansion into new product categories, higher-value-added textiles, or technical textiles.
Government Support: Favorable government policies and schemes promoting textile manufacturing and exports in India.
6. Risks
SBFL faces several risks common to the textile industry:
Raw Material Price Volatility: Fluctuations in prices of cotton, synthetic fibers, and other inputs can significantly impact production costs and margins.
Intense Competition: Highly fragmented industry with numerous domestic and international players leading to pricing pressure.
Fashion & Demand Changes: Rapid shifts in consumer preferences and fashion trends can lead to inventory obsolescence and reduced demand.
Currency Fluctuations: For companies involved in exports or imports, adverse movements in exchange rates can affect profitability.
Labor Costs & Availability: Rising labor costs and potential challenges in skilled labor availability.
Regulatory & Environmental Compliance: Evolving environmental regulations and compliance costs, particularly for dyeing and processing units.
Economic Downturns: Recessions or slowdowns can reduce discretionary consumer spending on apparel and home textiles.
7. Management & Ownership
In India, companies like Shree Bhavya Fabrics Ltd are often promoted and managed by founding families or individuals (promoters). This typically implies a concentrated ownership structure, where the promoter group holds a significant stake and exerts substantial control over strategic and operational decisions. The quality of management would depend on their experience, vision, operational efficiency, and ability to navigate industry challenges. Without specific details, it is difficult to assess the management quality or precise ownership structure beyond the likelihood of promoter-driven control.
8. Outlook
The outlook for Shree Bhavya Fabrics Ltd is a balance of opportunities and challenges. On the bullish side, India's growing domestic market and robust export potential, coupled with government initiatives, offer a fertile ground for expansion. Companies that can efficiently manage their supply chain, adapt to changing fashion trends, and maintain product quality are well-positioned. However, the textile industry is inherently cyclical and faces significant headwinds from raw material price volatility, intense competition, and global economic uncertainties. SBFL's success will depend on its ability to differentiate its products, achieve operational efficiencies, manage costs effectively, and maintain strong customer relationships in a dynamic and competitive environment.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 46 | 33 | 51 | 46 | 55 | 36 | 48 | 42 | 46 | 31 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 46 | 34 | 51 | 46 | 55 | 36 | 48 | 42 | 46 | 31 |
| Total Expenditure | 43 | 31 | 48 | 43 | 52 | 34 | 45 | 39 | 43 | 29 |
| Operating Profit | 3 | 2 | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 2 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 |
| Adjusted Earnings Per Share | 0.2 | 0.2 | 0.8 | 0.6 | 0.6 | 0.3 | 0.9 | 0.8 | 0.8 | 0.2 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 246 | 222 | 216 | 226 | 240 | 203 | 145 | 158 | 194 | 171 | 185 | 167 |
| Other Income | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 0 |
| Total Income | 246 | 223 | 216 | 226 | 241 | 203 | 145 | 158 | 195 | 171 | 185 | 167 |
| Total Expenditure | 235 | 211 | 204 | 215 | 228 | 191 | 136 | 150 | 185 | 160 | 174 | 156 |
| Operating Profit | 12 | 12 | 12 | 11 | 12 | 12 | 10 | 9 | 10 | 11 | 11 | 11 |
| Interest | 9 | 8 | 8 | 7 | 8 | 9 | 8 | 7 | 7 | 8 | 7 | 7 |
| Depreciation | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 1 | 1 | 2 | 2 | 1 | 0 | 1 | 2 | 3 | 3 | 3 |
| Provision for Tax | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 0 |
| Profit After Tax | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 2 | 2 | 2 | 3 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 2 | 2 | 2 | 3 |
| Adjusted Earnings Per Share | 0.4 | 0.4 | 0.6 | 1.4 | 1.4 | 0.9 | 0 | 0.5 | 1.6 | 2 | 2.5 | 2.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 8% | 5% | -2% | -3% |
| Operating Profit CAGR | 0% | 7% | -2% | -1% |
| PAT CAGR | 0% | 0% | 15% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -8% | 15% | 36% | 16% |
| ROE Average | 7% | 6% | 4% | 4% |
| ROCE Average | 11% | 11% | 10% | 11% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 24 | 25 | 25 | 27 | 28 | 29 | 29 | 30 | 31 | 33 | 35 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 21 | 20 | 22 | 20 | 22 | 22 | 30 | 22 | 22 | 21 | 28 |
| Other Non-Current Liabilities | -0 | -0 | -0 | -0 | -0 | 2 | 2 | 2 | -0 | -0 | -0 |
| Total Current Liabilities | 82 | 88 | 81 | 92 | 98 | 94 | 88 | 97 | 108 | 101 | 97 |
| Total Liabilities | 127 | 133 | 129 | 138 | 149 | 147 | 149 | 150 | 160 | 155 | 161 |
| Fixed Assets | 14 | 12 | 12 | 14 | 13 | 11 | 10 | 12 | 11 | 11 | 12 |
| Other Non-Current Assets | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Total Current Assets | 112 | 120 | 116 | 122 | 135 | 134 | 138 | 138 | 148 | 144 | 148 |
| Total Assets | 127 | 133 | 129 | 138 | 149 | 147 | 149 | 150 | 160 | 155 | 161 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 3 | 3 | 3 | 3 | 2 | 2 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 4 | 4 | -5 | 7 | -5 | 1 | 2 | 19 | 17 | 9 | 2 |
| Cash Flow from Investing Activities | -3 | -0 | -3 | -5 | -0 | -0 | -0 | -2 | -1 | 0 | -2 |
| Cash Flow from Financing Activities | -0 | -4 | 7 | -4 | 3 | -0 | -1 | -16 | -16 | -9 | 0 |
| Net Cash Inflow / Outflow | 0 | -0 | -0 | -1 | -2 | 0 | 0 | -0 | -0 | -0 | 1 |
| Closing Cash & Cash Equivalent | 3 | 3 | 3 | 2 | -0 | 2 | 0 | 0 | 0 | 0 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.43 | 0.42 | 0.61 | 1.41 | 1.45 | 0.92 | 0.04 | 0.52 | 1.62 | 2.03 | 2.47 |
| CEPS(Rs) | 3.08 | 3.33 | 3.4 | 3.67 | 3.69 | 2.85 | 1.74 | 1.56 | 2.53 | 2.94 | 3.62 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 25.73 | 26.15 | 26.76 | 28.17 | 29.62 | 30.53 | 30.57 | 31.09 | 32.71 | 34.74 | 37.21 |
| Core EBITDA Margin(%) | 4.62 | 5.18 | 5.21 | 4.78 | 5 | 5.77 | 6.1 | 5.41 | 4.72 | 5.95 | 5.72 |
| EBIT Margin(%) | 3.72 | 4.12 | 4.17 | 4.08 | 4.27 | 5.03 | 5.38 | 4.9 | 4.66 | 5.74 | 5.42 |
| Pre Tax Margin(%) | 0.23 | 0.3 | 0.38 | 0.8 | 0.84 | 0.59 | 0.12 | 0.43 | 0.93 | 1.44 | 1.58 |
| PAT Margin (%) | 0.17 | 0.18 | 0.27 | 0.59 | 0.57 | 0.43 | 0.02 | 0.31 | 0.77 | 1.09 | 1.24 |
| Cash Profit Margin (%) | 1.19 | 1.43 | 1.5 | 1.54 | 1.46 | 1.34 | 1.12 | 0.92 | 1.21 | 1.58 | 1.81 |
| ROA(%) | 0.33 | 0.31 | 0.44 | 1 | 0.96 | 0.59 | 0.02 | 0.33 | 0.99 | 1.22 | 1.49 |
| ROE(%) | 1.67 | 1.61 | 2.31 | 5.13 | 5 | 3.05 | 0.12 | 1.69 | 5.08 | 6.02 | 6.88 |
| ROCE(%) | 11.13 | 11.42 | 10.95 | 10.85 | 11.92 | 11.49 | 8.66 | 8.7 | 10.55 | 11.27 | 10.82 |
| Receivable days | 94.22 | 110.69 | 120.53 | 124.99 | 133.14 | 153.33 | 181.66 | 146.02 | 123.46 | 142.78 | 113.89 |
| Inventory Days | 55.94 | 69.09 | 67.58 | 58.29 | 54.42 | 78.29 | 137.82 | 151.45 | 125.87 | 143.35 | 150.31 |
| Payable days | 34.99 | 55.63 | 58.58 | 60.02 | 77.34 | 94.08 | 125.41 | 103.44 | 83.58 | 128.98 | 97.86 |
| PER(x) | 8.63 | 13.5 | 13.11 | 6.74 | 4.5 | 2.28 | 169.49 | 25.7 | 8.8 | 9.36 | 10.02 |
| Price/Book(x) | 0.14 | 0.22 | 0.3 | 0.34 | 0.22 | 0.07 | 0.2 | 0.43 | 0.44 | 0.55 | 0.67 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.24 | 0.25 | 0.3 | 0.28 | 0.27 | 0.29 | 0.48 | 0.42 | 0.37 | 0.43 | 0.46 |
| EV/Core EBITDA(x) | 4.97 | 4.67 | 5.6 | 5.64 | 5.2 | 4.96 | 7.25 | 7.6 | 6.99 | 6.71 | 7.46 |
| Net Sales Growth(%) | 4.65 | -9.65 | -2.94 | 4.76 | 6.39 | -15.76 | -28.51 | 9.34 | 22.6 | -12.1 | 8.26 |
| EBIT Growth(%) | 4.98 | 0.14 | -1.74 | 2.39 | 11.39 | -0.86 | -21.9 | -1.02 | 17.9 | 9.64 | 1.16 |
| PAT Growth(%) | 13.03 | -2.13 | 45.74 | 131 | 2.57 | -36.53 | -96.14 | 1372.07 | 210.55 | 25.43 | 21.79 |
| EPS Growth(%) | 13.04 | -2.14 | 45.74 | 131 | 2.57 | -36.53 | -96.14 | 1372.88 | 210.57 | 25.42 | 21.79 |
| Debt/Equity(x) | 2.36 | 2.15 | 2.39 | 2.13 | 2.14 | 2.06 | 2.27 | 1.91 | 1.89 | 1.75 | 1.82 |
| Current Ratio(x) | 1.37 | 1.36 | 1.42 | 1.34 | 1.37 | 1.43 | 1.56 | 1.42 | 1.38 | 1.42 | 1.53 |
| Quick Ratio(x) | 0.86 | 0.87 | 0.97 | 0.95 | 1 | 0.9 | 0.86 | 0.68 | 0.77 | 0.69 | 0.67 |
| Interest Cover(x) | 1.07 | 1.08 | 1.1 | 1.24 | 1.24 | 1.13 | 1.02 | 1.1 | 1.25 | 1.33 | 1.41 |
| Total Debt/Mcap(x) | 16.47 | 9.97 | 7.99 | 6.32 | 9.75 | 30.09 | 11.56 | 4.43 | 4.34 | 3.19 | 2.73 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 47.27 | 47.27 | 47.27 | 47.27 | 47.27 | 47.27 | 47.27 | 47.27 | 47.27 | 47.27 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 52.73 | 52.73 | 52.73 | 52.73 | 52.73 | 52.73 | 52.73 | 52.73 | 52.73 | 52.73 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +8% | +5% | -2% | -3% |
| Operating Profit CAGR | 0% | +7% | -2% | -1% |
| PAT CAGR | 0% | — | +15% | — |
| Share Price CAGR | -8% | +15% | +36% | +16% |
| ROE Average | +7% | +6% | +4% | +4% |
| ROCE Average | +11% | +11% | +10% | +11% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 47.27 | 47.27 | 47.27 | 47.27 | 47.27 | 47.27 | 47.27 | 47.27 | 47.27 | 47.27 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 52.73 | 52.73 | 52.73 | 52.73 | 52.73 | 52.73 | 52.73 | 52.73 | 52.73 | 52.73 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 | 0.95 |
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