The company claims to be a prominent manufacturer of premium cottonised bast fibres, including flax (linen), jute, and hemp, supplying to customers in both domestic and overseas markets. It states that its experience in the bast fibre segment and its established manufacturing processes support the production of fibres suitable for blending with cotton and man-made fibres in conventional spinning systems.
The company claims to benefit from its manufacturing facility being located in Howrah, West Bengal, a major jute-producing region. It states that proximity to raw material sources and the availability of skilled and semi-skilled labour in the region help manage production costs and support consistent manufacturing operations.
The company is ISO 9001:2015 certified for quality management systems, ISO 14001 certified for environmental management systems, and ISO 45001 certified for occupational health and safety management systems. In addition, it holds OEKO-TEX® certification, which confirms compliance with textile safety and harmful substance standards, and European Flax® certification, which validates the traceability and sustainable sourcing of flax fibres.
The company claims to follow cost-effective production practices supported by sourcing of raw materials, quality control mechanisms, stable labour relations, and an established production system. It states that these factors enable it to fulfil orders on time and handle large or varied order requirements within its existing manufacturing setup.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 61.67 crore in FY23 to Rs 84.32 crore in FY24 to Rs 140.81 crore in FY25, while PAT increased from Rs 3.55 crore in FY23 to Rs 4.27 crore in FY24 to Rs 11.67 crore in FY25.
The company derives a substantial portion of its revenue from the sale of cottonised flax. Revenue from this segment amounted to Rs 54.01 crore (77.81%), Rs 95.83 crore (84.16%), Rs 72.27 crore (85.71%), and Rs 48.36 crore (78.42%) for the period ended November 30, 2025, FY25, FY24, and FY23, respectively. Any slowdown in demand for cottonised flax, or a downturn in end-use industries, such as apparel, home textiles, automotive, or industrial applications, could materially impact the company’s revenue, cash flows, and overall financial performance.
The top 10 customers contributed revenues of Rs 45.31 crore (65.28%), Rs 87.02 crore (76.43%), Rs 51.94 crore (61.58%), and Rs 43.65 crore (70.79%) for the period ended November 30, 2025, FY25, FY24, and FY23, respectively. If the company is unable to retain these key customers, expand the customer base, or lose business from these clients, it court adversely affect the company’s business and finances.
Raw material purchases from the top five suppliers amounted to Rs 51.82 crore (85.51%), Rs 101.01 crore (85.61%), Rs 44.69 crore (81.61%), and Rs 42.44 crore (82.26%) for the period ended November 30, 2025, FY25, FY24, and FY23, respectively. Any adverse changes in relationships with these supplies could materially impact the company’s procurement operations, cost structure, and overall financial performance.
The company’s business is subject to seasonal variations, particularly due to its dependence on flax, jute fibre, and jute sliver as key raw materials. Any disruption or delay in the availability of flax or other raw materials could affect production schedules, inventory planning, and operating efficiency.
The company recorded negative cash flows from operating activities amounting to Rs 2.82 crore, Rs 25.38 crore, and Rs 2.93 crore for the periods ended November 30, 2025, FY25, and FY23, respectively. It recorded negative cash flows from investing activities amounting to Rs 0.74 crore, Rs 16.54 crore, and Rs 12.70 crore for the periods ended November 30, 2025, FY25, and FY23, respectively. The company also reported negative cash flows from financing activities amounting to Rs 11.32 crore in FY24. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future.
The company, its promoters and the directors are involved in ongoing legal proceedings, including criminal matters and tax proceedings. Any adverse judgment in these cases can be detrimental to the company’s business prospects.
As of the period ended November 30, 2025, the company’s trade receivables were Rs 10.06 crore. Any failure to collect these receivables on time or at all could negatively impact its business and financial condition.
As of November 30, 2025, the company had outstanding financial indebtedness of Rs 64.30 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.