Shubham Polyspin Limited is a Gujarat-based industrial manufacturer specializing in **Polypropylene (PP) Multifilament Yarn**, technical textiles, and high-performance construction materials. Operating under the flagship brand **"SHUBLON™"**, the company is currently undergoing a strategic transition from a traditional textile player to a diversified manufacturer of value-added industrial applications. --- ### **Core Manufacturing Capabilities & Infrastructure** The company’s primary operations are centralized at its state-of-the-art facility in **Borisana, Mehsana (Gujarat)**. This location provides a competitive advantage due to its proximity to National and State highways, ensuring logistics efficiency for both raw material procurement and finished goods distribution. | Feature | Details | | :--- | :--- | | **Primary Manufacturing Hub** | Borisana, Taluka-Kadi, Dist. Mehsana, Gujarat | | **Total Combined Capacity** | **250 MT per month** | | **Effective Production Capacity** | **200 MT per month** | | **Key Technology Partner** | **Lohia Corp Limited** (Spin Draw Wind Line technology) | | **Working Capital Strength** | Sanctioned limits exceeding **₹5 crore** secured against current assets | The facility utilizes advanced air-intermingling technology to produce medium to high-tenacity yarns, serving a broad spectrum of industries including packaging, geotextiles, and heavy-duty industrial ropes. --- ### **Product Portfolio: From Textiles to Infrastructure** Shubham Polyspin has strategically bifurcated its product mix to balance steady-state textile demand with high-margin industrial growth. * **Polypropylene (PP) Multifilament & Intermingled Yarns:** The core legacy business catering to sewing threads, webbings, slings, braids, and ropes. * **Woven Technical Textiles:** Specialized fabrics engineered for functional performance in industrial environments. * **PP Micro & Macro Fibers:** A high-growth segment targeting the **infrastructure and construction** sectors. * **Application:** Used as concrete reinforcement to enhance material durability and strength. * **Capacity:** **300 MTPA** (Metric Tons Per Annum). * **Strategic Shift:** This segment represents the company’s move toward **value-added margins** and the infrastructure value chain. --- ### **Strategic Modernization & The "Clean Energy Mission"** A central pillar of the company’s strategy is operational excellence through technological upgrades and sustainability. * **Phased Modernization (Completed Nov 2025):** The company invested **₹2.5 crore** to upgrade its five existing multifilament processing machines. By replacing legacy winders with next-generation systems from **Lohia Corp Limited**, the company has targeted: * Significant reduction in material wastage. * Lower production downtime and optimized manufacturing costs. * Enhanced energy efficiency at the machine level. * **Renewable Energy Transition:** To hedge against rising industrial power tariffs, the company is executing a **Clean Energy Mission**. * **Current Status:** A **1.15 MW Solar Power Plant** in Ambaliyara, Gujarat, currently fulfills **30%** of total energy requirements. * **Future Target:** The company is exploring additional solar installations with the ultimate goal of becoming a **100% renewable energy-powered** entity. --- ### **Global Expansion & Joint Ventures** In **January 2026**, Shubham Polyspin expanded its international footprint and product depth through a strategic partnership: * **Joint Venture (JV):** **Shubham Lahuman Fibers (I) Private Limited**. * **Partner:** **EMCM ADMINISTRACAO DE BENS LTDA ("ECMC")**. * **Equity Structure:** **50:50** shareholding ratio. * **Objective:** This JV focuses specifically on the manufacturing, sale, and distribution of **polypropylene concrete micro and macro fibers**, leveraging international expertise to capture the growing demand for high-performance construction additives. --- ### **Capital Structure & Shareholder Value** The company has demonstrated a commitment to rewarding shareholders while expanding its equity base to support growth. Following an **Annual General Meeting** on **September 12, 2022**, the company restructured its capital: | Metric | Details | | :--- | :--- | | **Authorised Share Capital** | Increased to **₹13.01 Crores** | | **Bonus Issue Ratio** | **1:10** (1 equity share for every 10 held) | | **Bonus Shares Issued** | **11,02,000 Equity shares** | | **Post-Issue Paid-up Capital** | **₹12,12,20,000** (Total **1,21,22,000 shares**) | --- ### **Risk Management & Financial Governance** The company operates under a structured risk management framework overseen by the **Audit Committee**, ensuring rigorous internal controls and regulatory compliance. #### **1. Financial Sensitivity** The company monitors interest rate volatility closely. A **100 basis point** shift in yield curves impacts Profit After Tax (PAT) as follows: * **100 bps Increase:** Impact of **₹(6.73) Lakhs** (FY 2023-24). * **100 bps Decrease:** Impact of **₹6.73 Lakhs** (FY 2023-24). #### **2. Credit & Liquidity Risk** * **Customer Concentration:** Risk is well-diversified; only one customer accounts for more than **5%** of total receivables (**6%** or **₹38.01 Lakhs** as of March 2024). * **Liquidity Management:** The company utilizes a robust cash management system to monitor the maturity dates of non-derivative financial liabilities, ensuring adequate funding at optimized costs. * **Inventory Integrity:** Regular physical verification of stocks is conducted; recent audits showed no discrepancies exceeding **10%**. #### **3. Market Risks** * **Currency Risk:** Exposure to **USD** fluctuations is managed through internal hedging policies for foreign currency trade payables and receivables. * **Operational Risk:** Mitigated through the recent **₹2.5 crore** modernization and the move toward **vertical integration** at the Borisana site to maximize output and reduce reliance on external job work.