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Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹272 Cr.
Stock P/E
25.2
P/B
5.3
Current Price
₹113
Book Value
₹ 21.3
Face Value
10
52W High
₹173.6
52W Low
₹ 80
Dividend Yield
0%

Spunweb Nonwoven Overview

1. Business Overview

Spunweb Nonwoven Ltd. is an Indian textile company specializing in the manufacturing of nonwoven fabrics. The name "Spunweb" suggests a focus on spunbond technology, a process where molten polymer is extruded into fine filaments, laid into a web, and then bonded (thermally, chemically, or mechanically) to create a fabric. Unlike traditional woven or knitted textiles, nonwovens are engineered fabrics made directly from fibers, without the need for yarn spinning or weaving. The company's core business model involves producing various grades and types of nonwoven fabrics for a diverse range of applications. It makes money by selling these manufactured nonwoven fabrics to industrial customers, converters, and product manufacturers who integrate them into their final products.

2. Key Segments / Revenue Mix

Without specific financial disclosures, a precise breakdown of key segments or revenue mix is unavailable. However, nonwoven fabrics typically serve a broad spectrum of industries. Potential revenue streams for Spunweb Nonwoven Ltd. would likely come from sales to segments such as:

Hygiene: Diapers, sanitary napkins, adult incontinence products.

Medical & Healthcare: Surgical gowns, drapes, masks, wound care products.

Automotive: Interior components, insulation.

Geotextiles: Reinforcement, filtration, drainage in construction and infrastructure.

Filtration: Air, liquid, and gas filtration media.

Packaging: Shopping bags, protective covers.

Industrial: Wipes, protective apparel, agricultural covers.

3. Industry & Positioning

Spunweb Nonwoven Ltd. operates within the specialized and rapidly growing nonwoven segment of the broader textile industry in India. The nonwoven industry is characterized by its high degree of engineering and application diversity, often serving as a replacement for traditional materials due to cost-effectiveness, specific performance attributes, and ease of production. In India, the market is competitive, with both domestic and international players. Spunweb is positioned as a manufacturer leveraging spunbond technology, a common and versatile method for producing durable nonwovens. Its positioning likely emphasizes product quality, cost efficiency, and ability to cater to specific customer requirements within its chosen application areas.

4. Competitive Advantage (Moat)

For a nonwoven manufacturer, potential competitive advantages, often referred to as a "moat," could include:

Cost Leadership: Achieving superior operational efficiency and economies of scale in production to offer competitive pricing.

Product Specialization/Quality: Developing niche products with specific technical properties or consistently high-quality fabrics that command a premium or ensure customer loyalty.

Customer Relationships: Deep-rooted relationships with large industrial customers and converters, offering customized solutions and reliable supply.

Process Know-how: Proprietary manufacturing processes or technical expertise that leads to better product performance or lower production costs.

Capital Intensity: The significant capital expenditure required to set up modern nonwoven lines can act as a barrier to entry for new competitors.

5. Growth Drivers

Key factors that can drive growth for Spunweb Nonwoven Ltd. over the next 3-5 years include:

Rising Disposable Incomes & Urbanization: Increased demand for hygiene products (diapers, feminine hygiene) in India.

Healthcare Awareness & Expansion: Growing healthcare infrastructure and awareness leading to higher consumption of medical nonwovens.

Infrastructure Development: Government spending on infrastructure projects drives demand for geotextiles and construction-related nonwovens.

Industrialization: Increased manufacturing activity and demand for industrial wipes, filtration media, and protective textiles.

Substitution Effect: Continued replacement of traditional materials with nonwovens due to performance benefits and cost efficiency.

Export Potential: Tapping into global markets for nonwoven products, leveraging India's manufacturing base.

6. Risks

Raw Material Price Volatility: Nonwoven production heavily relies on polymer granules (e.g., polypropylene, polyester), whose prices are linked to crude oil and petrochemical markets, leading to margin fluctuations.

Intense Competition: The Indian nonwoven market is competitive, potentially leading to pricing pressures and impacting profitability.

Technological Obsolescence: Rapid advancements in nonwoven technology could require continuous investment in R&D and machinery upgrades.

Economic Slowdown: A downturn in the Indian or global economy could reduce demand from end-user industries (e.g., automotive, construction).

Regulatory Changes: Changes in environmental regulations or trade policies could affect production costs or market access.

Dependency on Key Customers: A significant portion of revenue might come from a few large customers, creating concentration risk.

7. Management & Ownership

As is common for many Indian companies, Spunweb Nonwoven Ltd. is likely promoter-driven, meaning the founding family or individuals hold a significant ownership stake and play a crucial role in management and strategic direction. Without specific public disclosures, detailed insights into management quality, board structure, or exact ownership percentages are not available. The quality of management would typically be reflected in their ability to navigate market cycles, invest wisely in capacity expansion, manage raw material costs, and foster strong customer relationships.

8. Outlook

Spunweb Nonwoven Ltd. operates in a promising segment of the textile industry, driven by strong underlying demand trends in hygiene, healthcare, and industrial applications within India. The nonwoven market is expected to grow robustly, offering significant opportunities for expansion. However, the company faces inherent challenges such as volatile raw material costs, a competitive landscape, and the need for continuous technological upgrades. Its future performance will depend on its ability to manage these operational risks, maintain cost efficiency, innovate in product offerings, and capitalize on the growing domestic consumption and potential export markets. A balanced view suggests continued growth potential, but with profitability sensitive to commodity cycles and competitive intensity.

Spunweb Nonwoven Share Price

Live · NSE · Inception: 2015
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Volume
Price

Spunweb Nonwoven Quarterly Price

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Spunweb Nonwoven Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Spunweb Nonwoven Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 114 116 149 226
Other Income 4 2 6 1
Total Income 118 118 154 227
Total Expenditure 107 105 133 195
Operating Profit 11 13 21 32
Interest 3 4 5 8
Depreciation 2 7 9 9
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 5 2 7 16
Provision for Tax 1 1 2 5
Profit After Tax 3 1 5 11
Adjustments 0 0 0 0
Profit After Adjustments 3 1 5 11
Adjusted Earnings Per Share 2 0.7 3.3 6.1

Spunweb Nonwoven Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 19 20 26 45
Minority's Interest 0 0 0 0
Borrowings 45 34 29 37
Other Non-Current Liabilities -0 0 -0 -0
Total Current Liabilities 21 39 52 100
Total Liabilities 85 93 106 182
Fixed Assets 12 50 46 57
Other Non-Current Assets 41 2 2 4
Total Current Assets 32 40 58 121
Total Assets 85 93 106 182

Spunweb Nonwoven Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0
Cash Flow from Operating Activities 15 17 10 3
Cash Flow from Investing Activities -39 -6 -4 -9
Cash Flow from Financing Activities 24 -11 -5 6
Net Cash Inflow / Outflow -0 -0 0 0
Closing Cash & Cash Equivalent 0 0 0 1

Spunweb Nonwoven Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.02 0.68 3.3 6.08
CEPS(Rs) 3.49 4.62 8.63 11
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 11.64 12.32 15.62 25.38
Core EBITDA Margin(%) 5.61 9.43 10.2 13.85
EBIT Margin(%) 7.18 5.34 8.07 10.34
Pre Tax Margin(%) 4.13 1.47 5.01 6.96
PAT Margin (%) 2.93 0.97 3.66 4.77
Cash Profit Margin (%) 5.05 6.58 9.58 8.63
ROA(%) 3.9 1.26 5.47 7.5
ROE(%) 17.35 5.7 23.61 30.48
ROCE(%) 10.9 8.54 16.67 22.26
Receivable days 38.39 53.37 64.19 73.23
Inventory Days 29.35 29.92 41.43 59.88
Payable days 24.06 59.09 83.36 74.5
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.58 0.51 0.39 0.48
EV/Core EBITDA(x) 6.2 4.68 2.8 3.37
Net Sales Growth(%) 0 1.84 28.2 52.31
EBIT Growth(%) 0 -24.36 93.93 95.15
PAT Growth(%) 0 -66.17 382.94 98.32
EPS Growth(%) 0 -66.17 382.93 84.32
Debt/Equity(x) 2.91 2.44 1.88 2.02
Current Ratio(x) 1.49 1.04 1.12 1.21
Quick Ratio(x) 1.06 0.78 0.66 0.7
Interest Cover(x) 2.35 1.38 2.64 3.05
Total Debt/Mcap(x) 0 0 0 0

Spunweb Nonwoven Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 65.27 %
FII 0.05 %
DII (MF + Insurance) 5.06 %
Public (retail) 34.73 %
# Jul 2025 Sep 2025 Mar 2026
Promoter 65.1865.1865.27
FII 3.110.870.05
DII 8.245.475.06
Public 34.8234.8234.73
Others 000
Total 100100100

Spunweb Nonwoven Peer Comparison

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +52% +26%
Operating Profit CAGR +52% +43%
PAT CAGR +120% +54%
Share Price CAGR
ROE Average +30% +20% +19% +19%
ROCE Average +22% +16% +15% +15%

News & Updates

See more…

Spunweb Nonwoven Pros & Cons

Pros

  • Debtor days have improved from 83.36 to 74.5days.

Cons

  • Stock is trading at 5.3 times its book value.
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