- **Shubham Polyspin Ltd is a manufacturer that turns polypropylene granules into high-strength yarn and fabric - the kind that becomes sewing thread, ropes, webbings and industrial slings. It started in 2012 with a single machine in a rented shed in Gujarat, and within six years had scaled to five machines and its own factory, a pattern of incremental capacity addition that still defines the company. That recurring approach - add a machine, fill it with orders, then add another - explains both its past and its next chapter, a proposed capacity expansion approved in 2026 alongside a new joint venture to make concrete-reinforcing fibre.** # Business segments Two engines at different stages - a yarn-and-fabric cash generator at national scale, and a construction-materials bet just incorporated - each built on the same polypropylene know-how. ## 1. PP multifilament yarn and fabrics: the industrial thread that holds things together **The company makes the high-tenacity polypropylene yarn that goes into sewing thread, ropes, slings and webbings, selling to industrial buyers and government agencies from a single integrated plant in Gujarat.** - **One plant, five lines, one material** - all production runs on five multifilament processing machines whose legacy winders were upgraded by Lohia Corp at the Borisana factory in Mehsana, with a combined capacity of 225 tonnes per month running at roughly 90% utilisation as of early 2026. - **Value-added twist commands the premium** - beyond plain yarn, the company produces Twine PP Thread on twister machines, branded “SHUBHLON” and sold predominantly to government companies and public-sector undertakings, which makes it a stickier, higher-margin product than commodity yarn. - **Modernised to cut waste, not just to grow** - in late 2025 it upgraded the winders on all five lines with next-generation systems, targeting less material wastage, lower downtime, better energy efficiency and more consistent quality rather than simply more output. - **Captive solar keeps power costs in check** - a 1,152 KW (DC) solar plant in Aravalli district feeds the factory, cutting grid-power dependence and earning enhanced depreciation at 40% a year under tax rules, even though the manufacturing itself is not power-intensive. - **Exports to about ten countries** - the yarn is well received abroad, and the company uses forward contracts to hedge the foreign-exchange exposure that comes with those sales. ## 2. Polypropylene concrete fibre: a construction-materials bet at the starting line **A 50:50 joint venture with a Brazilian partner, incorporated in January 2026, will make polypropylene micro and macro fibre for concrete reinforcement - an adjacent use of the same raw-material know-how, but not yet operational.** - **Same polymer, different job** - where the main business makes yarn for textiles, this venture will extrude polypropylene into tiny fibres that, when mixed into concrete, control cracking and improve durability. - **Brazilian partner brings the market access** - the joint venture, Shubham Lahuman Fibers (I) Private Limited, pairs the company with EMCM Administracao de Bens Ltda of Brazil, giving it a route into a geography where polypropylene concrete fibre is already widely specified. - **Started on paper, not on the factory floor** - as of the announcement date, the venture had acquired its initial share capital (Rs. 50,000 each for a 50% stake) but had yet to begin any commercial activity, so it carries no revenue or production yet. # Group structure and partners **A family-managed, standalone listed company with no subsidiaries until the 2026 joint venture, tightly held by the Somani family and funded for expansion through promoter loans and bank debt.** - **Promoters own nearly three-quarters** - the Somani family held 72.78% as of March 2021, with Managing Director Ankit Somani (33.16%), his brother and CFO Akshay Somani (14.16%), and marketing head Pooja Somani (3.63%) as the named shareholders. - **Moved up from the SME board** - the shares migrated from the BSE SME Platform to the BSE Main Board in May 2021, a step that typically broadens the investor base and improves liquidity. - **No dividends, all retained for growth** - the company has not paid a dividend in the five years through FY24, conserving cash to fund capacity additions like the 200-tonne expansion approved in April 2026. - **Expansion funded by promoters and banks** - the Rs. 16.5 crore capacity expansion is structured with Rs. 4.15 crore from promoters as unsecured loans and Rs. 12.35 crore from bank finance, keeping the balance sheet levered but aligned.