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Sanathan Textiles Ltd

SANATHAN
NSE
451.80
3.07%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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Sanathan Textiles Ltd

SANATHAN
NSE
451.80
3.07%
29 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
3,813Cr
Close
Close Price
451.80
Industry
Industry
Textiles - Spinning
PE
Price To Earnings
38.39
PS
Price To Sales
1.13
Revenue
Revenue
3,374Cr
Rev Gr TTM
Revenue Growth TTM
11.63%
PAT Gr TTM
PAT Growth TTM
-41.19%
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
7467807567817427437327458181,079
Growth YoY
Revenue Growth YoY%
-0.5-4.8-3.2-4.610.245.1
Expenses
ExpensesCr
6947206777056846856646767551,021
Operating Profit
Operating ProfitCr
52617976585868706357
OPM
OPM%
7.07.810.59.87.87.99.39.37.75.3
Other Income
Other IncomeCr
62107453274
Interest Expense
Interest ExpenseCr
565555251836
Depreciation
DepreciationCr
11111111111212121831
PBT
PBTCr
414572674547575533-5
Tax
TaxCr
1110201713131415130
PAT
PATCr
303452503334444020-5
Growth YoY
PAT Growth YoY%
7.7-0.2-16.5-19.3-38.2-114.0
NPM
NPM%
4.14.46.96.44.44.66.05.42.5-0.4
EPS
EPS
4.24.87.37.04.54.75.24.82.4-0.6

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
3,1853,3292,9582,9993,374
Growth
Revenue Growth%
4.5-11.21.412.5
Expenses
ExpensesCr
2,6483,0702,7312,7363,116
Operating Profit
Operating ProfitCr
538260227263258
OPM
OPM%
16.97.87.78.87.7
Other Income
Other IncomeCr
1616221716
Interest Expense
Interest ExpenseCr
3222231861
Depreciation
DepreciationCr
4243444672
PBT
PBTCr
479209181216141
Tax
TaxCr
12457485641
PAT
PATCr
35515313416099
Growth
PAT Growth%
-57.0-12.419.9-38.0
NPM
NPM%
11.24.64.55.33.0
EPS
EPS
49.421.218.621.311.8

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
7272728484
Reserves
ReservesCr
9151,0681,2031,7241,765
Current Liabilities
Current LiabilitiesCr
459466505674815
Non Current Liabilities
Non Current LiabilitiesCr
3503004231,0461,417
Total Liabilities
Total LiabilitiesCr
1,7961,9072,2043,5284,082
Current Assets
Current AssetsCr
8608029098571,046
Non Current Assets
Non Current AssetsCr
9361,1051,2942,6713,036
Total Assets
Total AssetsCr
1,7961,9072,2043,5284,082

Cash Flow

Consolidated
Standalone
Financial YearMar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
295362192284
Investing Cash Flow
Investing Cash FlowCr
-96-235-245-1,342
Financing Cash Flow
Financing Cash FlowCr
-199-126741,059
Net Cash Flow
Net Cash FlowCr
-11211
Free Cash Flow
Free Cash FlowCr
254149-21-1,144
CFO To PAT
CFO To PAT%
82.9237.2143.3177.0
CFO To EBITDA
CFO To EBITDA%
54.8139.684.6108.1

Ratios

Consolidated
Standalone
Financial YearMar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
0003,053
Price To Earnings
Price To Earnings
0.00.00.019.0
Price To Sales
Price To Sales
0.00.00.01.0
Price To Book
Price To Book
0.00.00.01.7
EV To EBITDA
EV To EBITDA
0.70.71.215.2
Profitability Ratios
Profitability Ratios
GPM
GPM%
36.527.827.929.3
OPM
OPM%
16.97.87.78.8
NPM
NPM%
11.24.64.55.3
ROCE
ROCE%
37.516.312.48.1
ROE
ROE%
36.013.410.58.9
ROA
ROA%
19.88.06.14.5
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Sanathan Textiles Limited is a leading, fully integrated Indian yarn manufacturer with over two decades of industry presence, established in 2005. The company specializes in three core yarn verticals—**Polyester Filament Yarn (PFY), Cotton Yarn, and Yarns for Technical Textiles**—positioning it among a select few diversified players in the Indian textile sector. With a strategic focus on backward integration, sustainability, product innovation, and operational efficiency, Sanathan is rapidly expanding its manufacturing footprint to strengthen its position as one of India’s most agile and future-ready textile companies. --- ### **Business Segments & Capacity** Sanathan Textiles operates across three vertically integrated business lines: | Segment | Installed Capacity (MTPA) | Revenue Contribution | Key Applications | |--------|----------------------------|------------------------|------------------| | **Polyester Filament Yarn** | 456,250 (Silvassa: 200,750; Punjab: 255,500*) | **77%** | Apparel, athleisure, home textiles, automotive, furnishings | | **Cotton Yarn** | 14,000 (+11,490 MTPA in expansion) | **19%** | Denim, shirting, suiting, bedsheets, industrial thread | | **Technical Textile Yarn** | 9,000 (+9,000 MTPA planned) | **4%** | Geotextiles, automotive, defense, industrial safety, agriculture | > *Note: Punjab Phase 1 capacity added as of Nov 2025. Total capacity to reach **570,500 MTPA** once all phases are complete.* The company's total installed capacity stands at **479,250 MTPA**, up from 223,750 MTPA at its Silvassa facility, reflecting the ongoing expansion via its **wholly owned subsidiary, Sanathan Polycot Private Limited**. --- ### **Strategic Expansion & Manufacturing Footprint** #### **1. Punjab Greenfield Facility (Wazirabad)** - **Location:** 80 acres of freehold land in Wazirabad, Punjab. - **Total Capacity:** 346,750 MTPA (Phase 1: 255,500 MTPA; Phase 2: 91,250 MTPA). - **Daily Output:** Increased from 550 TPD to 1,500 TPD after full commissioning. - **Operational Status:** - **Aug 2025:** Trial production began. - **Nov 2025:** Commercial production commenced with initial **350 tonnes/day** from Continuous Polymerization (CP) line. - **Q1 FY26:** Full ramp-up underway; expected to reach **700 TPD** in 3–4 months, with Phase 2 adding **950 TPD** by FY27. - **Strategic Advantages:** - First **fully integrated PFY plant in North India**. - Proximity to major textile clusters (Delhi, Ludhiana, Panipat, Amritsar). - **Lower logistics costs**, faster delivery, improved customer responsiveness. - **Backward integration** from PTA/MEG to finished yarns, including value-added lines. - Creates over **2,500 jobs**. #### **2. Madhya Pradesh Cotton Facility** - Sanathan Polycot is establishing a **new greenfield cotton yarn facility** in MP, leveraging the region’s strong cotton ecosystem and supportive policies. - This expansion enhances Sanathan’s integration across **all three verticals** and supports its goal of becoming India’s most diversified and integrated yarn manufacturer. #### **3. Silvassa Flagship Facility (Gujarat)** - **50-acre freehold land**, fully integrated across polymerization, spinning, texturizing, and value-addition. - Operates at **96% efficiency**, serving **Western and Southern India** as well as **international export markets**. - Strategic advantages include access to ports, raw materials (PTA/MEG), cost-effective power, and labor. - Recognized under the **Prime Minister’s Smart Cities Mission**. --- ### **Product Innovation & Sustainability** Sanathan Textiles maintains a **dedicated in-house R&D and product development team**, focusing on functional, sustainable, and premium yarns: #### **Key Branded Products:** - **Sanathan Reviro**: GRS-certified **recycled polyester** from post-consumer PET bottles. - **Born-Dyed**: **Dope-dyed yarns** eliminating post-spinning dyeing—saving **up to 80% water** and reducing chemical use. - **S-Flex**: Proprietary **spandex-free four-way stretch yarn** for athleisure—enhancing recyclability. - **Sanathan DryCool**: **Moisture-wicking** yarn for performance wear. - **Cationic Dyeable Polyester (CDP)**: Enables **deep, vibrant colors** with higher dye absorption. - **Puro Cotton Yarn**: Premium, fine-count yarns for high-end apparel and home textiles. #### **Sustainability Initiatives:** - **Zero Liquid Discharge (ZLD)** across all facilities. - Use of **rice husk/agri-waste** as solid fuel in Punjab. - **Rooftop solar installations** contributing to energy needs. - **Process automation** and integrated systems to reduce waste and enhance energy efficiency. - Compliance with **ISO 9001:2015, ISO 14001, ISO 45001**, and **OEKO-TEX Standard 100**. --- ### **Market Presence & Distribution** - **Customers:** Over **14,000** (7,000 active) across India and **27 international markets**. - **Distributors:** Strong global network of **700+ distributors** (900 reported in earlier periods). - **Customer Retention Rate:** **92%**, driven by long-term relationships (top 10 customers averaged >10 years). - **Export Markets:** Includes key destinations in Europe, the Middle East, Southeast Asia, and the USA. - **Export Designation:** **Three Star Export House**. --- ### **Operations & Technology** - **Highly automated:** Automation in **production, doffing, packaging, warehousing, and logistics**. - Automated Warehouse Management System (WMS) for **real-time tracking** of **50,000+ SKUs**. - Digital dashboards for **live KPI monitoring**. - **Integrated Supply Chain:** - Long-term supplier agreements ensure raw material stability. - Uses **dope dyeing, SSP (Solid-State Polymerisation), and direct chip conveying** to eliminate energy-intensive steps. - **Testing Infrastructure:** In-house labs with denier testers, strength analyzers, and color viewing booths. --- ### **Financial & Strategic Milestones** - **IPO Success (May 2025):** Raised **INR 400 crores**, strengthening capital structure and supporting expansion plans. - **GST Reduction (Nov 2025):** Man-made fiber/yarn tax reduced from **12% to 5%**; garment tax slab at **5% for price ≤ ₹2,500** – boosting consumer demand. - **Revenue Mix:** Currently **95% domestic, 5% exports**, with export potential set to grow post-FSA and capacity ramp-up.