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Premco Global Ltd

PREMCO

NSE

₹398.15+2.58%19 Oct 2026

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Textiles Others

Premco Global Ltd

PREMCO

NSE

₹398.15

+2.58%

19 Oct 2026

SOICxStockScans Reports

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Textiles Others

Indices

Business Overview: What the company does, in plain English.Growth Catalysts: The forward growth drivers and triggers.Forensic Report: Accounting quality and red flags.

Premco Global is a family-run manufacturer that turns synthetic yarn into the stretchy tapes hidden inside waistbands, straps and seams - a niche industrial supplier to the world’s apparel brands. Incorporated in 1986 and now run by the second generation of the Harjani family, the company has spent four decades refining one thing: woven and knitted elastic tapes that meet international standards. Its recurring approach is to own the entire production chain - from yarn to finished tape - across a cluster of factories in western India and a strategically placed plant in Vietnam, so it can serve global clothing brands directly without middlemen.

Business segments

A single-engine business - elastic tapes for apparel - run across two manufacturing geographies that share the same product line, customers and know-how.

1. Elastic tapes: the stretch inside every garment

The company makes one product family - woven and knitted elastic tapes - and sells it to apparel brands worldwide; everything else (factories, certifications, export licences) exists to support this single line.

One product, two constructions - it manufactures both woven elastic tapes (flat, strong, used in waistbands) and knitted elastic tapes (softer, used in lingerie and sportswear), plus a micro variant that needs less finishing energy on heated drums.
Sold to brands, not to shoppers - its customers are apparel manufacturers and brands in the innerwear, sportswear, medical and footwear industries; demand rises when those brands sell more, driven by fashion consciousness and higher disposable incomes in India and abroad.
Export and domestic under one roof - the company sells in both Indian and overseas markets, with export incentives under government schemes (Duty Drawback, RODTEP) recognised as income in the year of shipment.
Quality as the entry ticket - its stated philosophy is to produce elastic tapes conforming to international standards, backed by an in-house sampling and R&D team that keeps up with fashion trends and customer specifications.
A concentrated bet with a wide funnel - the Indian innerwear market alone was estimated at ₹32,000 crore, yet it remains highly fragmented with small-scale players meeting 60-65% of demand; the company sees room to grow as brands gain share.

2. The Vietnam plant: a second production base inside a global textile hub

A wholly-owned factory in Vietnam gives the company a geographical shortcut to overseas customers, placing production inside one of the world’s fastest-growing textile manufacturing and export centres.

Built for export reach - the Vietnam subsidiary, Premco Global Vietnam Co. Ltd., manufactures the same elastic tapes and gives the company a proximity advantage when supplying goods to international buyers.
Full ownership, separate rhythm - originally an 85% stake, the subsidiary became wholly owned in December 2022 after the other shareholder’s stake was repaid to his heirs; it reports on a January-December calendar, unlike the parent’s April-March fiscal year.
A textile cluster play - Vietnam ranks among the most rapidly growing countries for textile manufacturing and exporting, so the plant sits inside the supply chains of the same global brands the company serves from India.

3. The Indian factory network: five plants consolidated for scale

Five manufacturing locations across Maharashtra and Gujarat - Mumbai, Dadra, Palghar, Vapi and Umbergaon - form the domestic production backbone, with recent consolidation shifting output to the newest and largest site.

Umbergaon is the new anchor - built with a capital outlay of ₹28 crores from internal accruals and bank borrowing, this Gujarat plant is equipped with state-of-the-art facilities compliant with international standards to meet export certifications.
Consolidation in motion - the company has moved manufacturing from its Palghar and Vapi facilities to other plants to achieve operational synergies, reallocating machinery and resources.
Dadra as the export workhorse - among the Indian sites, the Dadra plant generated the bulk of standalone revenue in FY24, with roughly 70% of its output sold outside India.
Small efficiency gains add up - a ₹15-lakh investment in solar panels at Dadra cuts the electricity bill by ₹1.8 lakhs a year, while high-capacity motors have been replaced with energy-efficient ones across the covering department.

Group structure and partners

A tightly held family enterprise with one overseas subsidiary and a web of related-party ties that reflect its promoter-led character.

Promoter family at the controls - the Managing Director and Chairman, Mr. Ashok Harjani, holds 43.52% of the company; his son Mr. Lokesh Harjani (Whole Time Director) holds 13.19%, while Mrs. Nisha Harjani (Executive Director and CFO) and Mrs. Sonia Harjani (Executive Director) hold smaller stakes, together giving the family majority control.
Related-party ecosystem - an associate, Premco Industries, shares common directors and received rent of ₹64.20 lakhs from the company in FY21; other related entities include Onspot Solutions Pvt. Ltd. and Pixel Packaging Ltd..

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Quick Ratios

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Peer Comparison

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Mkt Cap

Market Capitalization

₹132Cr

Close Price

₹398.15

Industry

Textiles Others

Price To Earnings

55.07

Price To Sales

1.57

Revenue

₹84Cr

Rev Gr TTM

Revenue Growth TTM

-25.26%

PAT Gr TTM

PAT Growth TTM

-76.53%

Consolidated

Standalone

Numbers

Percentage

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	24	22	27	27	26	28	28	30	26	17	21	20
Growth YoY Revenue Growth YoY%	52.9	-12.8	5.4	10.4	8.2	28.0	3.4	9.1	-1.0	-39.6	-24.4	-33.7
Expenses ExpensesCr	21	19	23	23	23	24	24	24	23	17	21	19
Operating Profit Operating ProfitCr	3	3	5	4	3	4	5	6	3	0	0	0
OPM OPM%	13.9	11.9	17.3	15.2	11.2	13.2	16.8	19.9	11.4	0.8	1.7	1.8
Other Income Other IncomeCr	1	2	1	1	1	0	1	1	1	5	0	1
Interest Expense Interest ExpenseCr	1	0	1	1	1	1	1	1	1	1	1	0
Depreciation DepreciationCr	1	1	1	1	1	1	2	1	1	2	1	1
PBT PBTCr	3	2	4	4	2	2	3	5	1	3	-2	0
Tax TaxCr	1	0	1	1	0	0	0	1	0	1	-1	0
PAT PATCr	2	2	3	3	2	2	3	4	2	2	-1	0
Growth YoY PAT Growth YoY%	60.1	-55.6	84.3	-2.3	-16.0	-8.1	-4.8	21.1	-4.5	-12.4	-137.6	-99.5
NPM NPM%	8.9	9.7	10.7	11.0	6.9	6.9	9.8	12.2	6.7	10.1	-4.9	0.1
EPS EPS₹	6.4	6.4	8.9	9.0	5.4	5.9	8.4	10.9	5.2	5.2	-3.2	0.1

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	24	22	27	27	26	28	28	30	26	17	21	20
Growth YoY Revenue Growth YoY%	52.9	-12.8	5.4	10.4	8.2	28.0	3.4	9.1	-1.0	-39.6	-24.4	-33.7
Expenses ExpensesCr	21	19	23	23	23	24	24	24	23	17	21	19
Operating Profit Operating ProfitCr	3	3	5	4	3	4	5	6	3	0	0	0
OPM OPM%	13.9	11.9	17.3	15.2	11.2	13.2	16.8	19.9	11.4	0.8	1.7	1.8
Other Income Other IncomeCr	1	2	1	1	1	0	1	1	1	5	0	1
Interest Expense Interest ExpenseCr	1	0	1	1	1	1	1	1	1	1	1	0
Depreciation DepreciationCr	1	1	1	1	1	1	2	1	1	2	1	1
PBT PBTCr	3	2	4	4	2	2	3	5	1	3	-2	0
Tax TaxCr	1	0	1	1	0	0	0	1	0	1	-1	0
PAT PATCr	2	2	3	3	2	2	3	4	2	2	-1	0
Growth YoY PAT Growth YoY%	60.1	-55.6	84.3	-2.3	-16.0	-8.1	-4.8	21.1	-4.5	-12.4	-137.6	-99.5
NPM NPM%	8.9	9.7	10.7	11.0	6.9	6.9	9.8	12.2	6.7	10.1	-4.9	0.1
EPS EPS₹	6.4	6.4	8.9	9.0	5.4	5.9	8.4	10.9	5.2	5.2	-3.2	0.1

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	74	74	78	70	76	100	128	93	98	109	94	84
Growth Revenue Growth%		1.1	5.5	-10.6	8.9	30.4	28.8	-27.2	4.9	11.8	-14.4	-25.3
Expenses ExpensesCr	53	57	70	64	68	77	102	79	83	94	84	80
Operating Profit Operating ProfitCr	20	17	8	6	8	22	26	14	15	16	9	4
OPM OPM%	27.3	23.0	10.1	8.5	10.8	22.4	20.5	14.9	15.1	14.2	10.0	4.5
Other Income Other IncomeCr	3	3	3	1	4	2	4	5	6	4	6	6
Interest Expense Interest ExpenseCr	1	2	1	2	2	2	2	2	2	2	2	2
Depreciation DepreciationCr	2	3	3	3	5	5	5	5	5	6	6	6
PBT PBTCr	19	16	7	3	5	18	23	11	13	11	7	2
Tax TaxCr	7	6	2	0	-1	2	6	2	3	1	1	0
PAT PATCr	13	10	5	3	6	16	18	9	10	10	6	2
Growth PAT Growth%		-20.9	-45.8	-42.8	83.2	177.4	12.9	-46.9	8.4	-7.1	-37.0	-76.5
NPM NPM%	17.2	13.4	6.9	4.4	7.4	15.8	13.8	10.1	10.5	8.7	6.4	2.8
EPS EPS₹	38.2	30.9	16.0	10.3	11.2	42.1	50.1	28.5	31.0	28.8	18.1	7.2

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	74	74	78	70	76	100	128	93	98	109	94	84
Growth Revenue Growth%		1.1	5.5	-10.6	8.9	30.4	28.8	-27.2	4.9	11.8	-14.4	-25.3
Expenses ExpensesCr	53	57	70	64	68	77	102	79	83	94	84	80
Operating Profit Operating ProfitCr	20	17	8	6	8	22	26	14	15	16	9	4
OPM OPM%	27.3	23.0	10.1	8.5	10.8	22.4	20.5	14.9	15.1	14.2	10.0	4.5
Other Income Other IncomeCr	3	3	3	1	4	2	4	5	6	4	6	6
Interest Expense Interest ExpenseCr	1	2	1	2	2	2	2	2	2	2	2	2
Depreciation DepreciationCr	2	3	3	3	5	5	5	5	5	6	6	6
PBT PBTCr	19	16	7	3	5	18	23	11	13	11	7	2
Tax TaxCr	7	6	2	0	-1	2	6	2	3	1	1	0
PAT PATCr	13	10	5	3	6	16	18	9	10	10	6	2
Growth PAT Growth%		-20.9	-45.8	-42.8	83.2	177.4	12.9	-46.9	8.4	-7.1	-37.0	-76.5
NPM NPM%	17.2	13.4	6.9	4.4	7.4	15.8	13.8	10.1	10.5	8.7	6.4	2.8
EPS EPS₹	38.2	30.9	16.0	10.3	11.2	42.1	50.1	28.5	31.0	28.8	18.1	7.2

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	3	3	3	3	3	3	3	3	3	3	3
Reserves ReservesCr	47	58	62	65	69	82	94	105	110	104	97
Current Liabilities Current LiabilitiesCr	9	18	11	7	16	17	15	16	11	15	14
Non Current Liabilities Non Current LiabilitiesCr	3	5	4	4	9	9	7	5	6	7	15
Total Liabilities Total LiabilitiesCr	63	85	81	81	99	114	124	130	129	129	130
Current Assets Current AssetsCr	29	42	42	51	52	64	77	72	76	68	69
Non Current Assets Non Current AssetsCr	34	43	39	30	48	50	48	58	54	61	61
Total Assets Total AssetsCr	63	85	81	81	99	114	124	130	129	129	130

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	3	3	3	3	3	3	3	3	3	3	3
Reserves ReservesCr	47	58	62	65	69	82	94	105	110	104	97
Current Liabilities Current LiabilitiesCr	9	18	11	7	16	17	15	16	11	15	14
Non Current Liabilities Non Current LiabilitiesCr	3	5	4	4	9	9	7	5	6	7	15
Total Liabilities Total LiabilitiesCr	63	85	81	81	99	114	124	130	129	129	130
Current Assets Current AssetsCr	29	42	42	51	52	64	77	72	76	68	69
Non Current Assets Non Current AssetsCr	34	43	39	30	48	50	48	58	54	61	61
Total Assets Total AssetsCr	63	85	81	81	99	114	124	130	129	129	130

Consolidated

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	16	4	3	-2	32	6	25	19	11	5	18
Investing Cash Flow Investing Cash FlowCr	-14	-7	3	7	-21	-4	-1	-13	7	1	6
Financing Cash Flow Financing Cash FlowCr	-1	5	-10	-3	1	-2	-12	-5	-12	-19	-21
Net Cash Flow Net Cash FlowCr	1	2	-3	2	13	0	12	1	5	-12	4
Free Cash Flow Free Cash FlowCr	10	5	3	-2	32	4	19	7	4	2	21
CFO To PAT CFO To PAT%	123.8	40.4	57.7	-68.9	563.9	40.7	138.4	197.8	105.6	55.4	308.5
CFO To EBITDA CFO To EBITDA%	77.8	23.6	39.3	-35.6	389.6	28.8	93.6	134.5	73.2	33.9	197.9

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	16	4	3	-2	32	6	25	19	11	5	18
Investing Cash Flow Investing Cash FlowCr	-14	-7	3	7	-21	-4	-1	-13	7	1	6
Financing Cash Flow Financing Cash FlowCr	-1	5	-10	-3	1	-2	-12	-5	-12	-19	-21
Net Cash Flow Net Cash FlowCr	1	2	-3	2	13	0	12	1	5	-12	4
Free Cash Flow Free Cash FlowCr	10	5	3	-2	32	4	19	7	4	2	21
CFO To PAT CFO To PAT%	123.8	40.4	57.7	-68.9	563.9	40.7	138.4	197.8	105.6	55.4	308.5
CFO To EBITDA CFO To EBITDA%	77.8	23.6	39.3	-35.6	389.6	28.8	93.6	134.5	73.2	33.9	197.9

Consolidated

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	191	157	106	47	16	110	115	107	132	140	137	132
Price To Earnings Price To Earnings	15.3	15.3	20.1	17.9	3.4	7.9	6.9	11.3	12.9	14.8	22.9	55.1
Price To Sales Price To Sales	2.6	2.1	1.4	0.7	0.2	1.1	0.9	1.1	1.4	1.3	1.5	1.6
Price To Book Price To Book	3.8	2.6	1.6	0.7	0.2	1.3	1.2	1.0	1.2	1.3	1.4	1.3
EV To EBITDA EV To EBITDA	9.6	9.6	13.7	7.7	0.8	4.9	3.7	6.5	7.1	8.3	13.8	31.7
Profitability Ratios Profitability Ratios
GPM GPM%	47.3	49.5	38.6	42.8	42.7	47.5	44.1	46.4	47.2	44.5	45.8	45.8
OPM OPM%	27.3	23.0	10.1	8.5	10.8	22.4	20.5	14.9	15.1	14.2	10.0	4.5
NPM NPM%	17.2	13.4	6.9	4.4	7.4	15.8	13.8	10.1	10.5	8.7	6.4	2.8
ROCE ROCE%	37.5	24.1	11.9	6.0	9.3	19.8	24.0	10.7	12.7	11.4	8.2	8.2
ROE ROE%	24.9	16.4	8.3	4.5	7.8	18.5	18.3	8.7	9.1	8.9	6.0	6.0
ROA ROA%	19.9	11.8	6.7	3.8	5.7	13.8	14.3	7.3	7.9	7.4	4.6	4.6
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	191	157	106	47	16	110	115	107	132	140	137	132
Price To Earnings Price To Earnings	15.3	15.3	20.1	17.9	3.4	7.9	6.9	11.3	12.9	14.8	22.9	55.1
Price To Sales Price To Sales	2.6	2.1	1.4	0.7	0.2	1.1	0.9	1.1	1.4	1.3	1.5	1.6
Price To Book Price To Book	3.8	2.6	1.6	0.7	0.2	1.3	1.2	1.0	1.2	1.3	1.4	1.3
EV To EBITDA EV To EBITDA	9.6	9.6	13.7	7.7	0.8	4.9	3.7	6.5	7.1	8.3	13.8	31.7
Profitability Ratios Profitability Ratios
GPM GPM%	47.3	49.5	38.6	42.8	42.7	47.5	44.1	46.4	47.2	44.5	45.8	45.8
OPM OPM%	27.3	23.0	10.1	8.5	10.8	22.4	20.5	14.9	15.1	14.2	10.0	4.5
NPM NPM%	17.2	13.4	6.9	4.4	7.4	15.8	13.8	10.1	10.5	8.7	6.4	2.8
ROCE ROCE%	37.5	24.1	11.9	6.0	9.3	19.8	24.0	10.7	12.7	11.4	8.2	8.2
ROE ROE%	24.9	16.4	8.3	4.5	7.8	18.5	18.3	8.7	9.1	8.9	6.0	6.0
ROA ROA%	19.9	11.8	6.7	3.8	5.7	13.8	14.3	7.3	7.9	7.4	4.6	4.6
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

	SHRITECH	ALPINETEX	AARNAV	PREMCO	POPEES	INDIANCARD	MADHURKNIT
Market CapitalizationMkt CapCr	154	154	144	132	123	114	107
Close PriceClose₹	61.90	40.37	34.15	398.15	144.40	192.04	56.50
IndustryIndustry	Textiles Others	Textiles Others	Textiles Others	Textiles Others	Textiles Others	Textiles Others	Textiles Others
Price To EarningsPE	8.01	7.20	15.74	55.07	2,406.67	19.05
Price To SalesPS	1.84	0.45	0.32	1.57	6.72	2.71	0.51
RevenueRevenueCr	84	343	452	84	18	42	211
Revenue Growth TTMRev Gr TTM%	1.8%		16.5%	-25.3%		1.2%	23.0%
PAT Growth TTMPAT Gr TTM%	31.5%		-2.3%	-76.5%	837.5%	-78.1%	25.3%

	SHRITECH	ALPINETEX	AARNAV	PREMCO	POPEES	INDIANCARD	MADHURKNIT
Market CapitalizationMkt CapCr	154	154	144	132	123	114	107
Close PriceClose₹	61.90	40.37	34.15	398.15	144.40	192.04	56.50
IndustryIndustry	Textiles Others	Textiles Others	Textiles Others	Textiles Others	Textiles Others	Textiles Others	Textiles Others
Price To EarningsPE	8.01	7.20	15.74	55.07	2,406.67	19.05
Price To SalesPS	1.84	0.45	0.32	1.57	6.72	2.71	0.51
RevenueRevenueCr	84	343	452	84	18	42	211
Revenue Growth TTMRev Gr TTM%	1.8%		16.5%	-25.3%		1.2%	23.0%
PAT Growth TTMPAT Gr TTM%	31.5%		-2.3%	-76.5%	837.5%	-78.1%	25.3%

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Jun 26