Silkflex Polymers (India)

Quick check

The five things to look at first. Open one for more.

• DebtModerate safety, with cautionRated BBB- by CRISIL.
• ResultsGrowingIn the Mar 2026 quarter, sales rose 23% and profit rose 149% from a year earlier.
• DilutionHeavy dilutionIssued 15.2 lakh new shares in the last year (+19%), raising ₹31.13 Cr.
• PromotersSteadyThe promoters (founders or parent) own 70% of the company, about the same as in Jun 2025.
• ValuationNormal for this stockThe share trades at 20.2 times its yearly earnings (P/E), pricier than 70% of the time in the last 2 years. Its usual P/E is about 18.

Silkflex Polymers (India) against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)20.2 against a typical 25.8: cheaper than most peers (1st = cheapest).47th of 129
• Sales growth+22.7% against a typical +25.9% from a year earlier.64th of 112
• Profit growth+149.2% against a typical +42.4% from a year earlier.24th of 102
• Share price, 3 months+33.2% against a typical −5.8%.14th of 118
• Size₹ 275.1 Cr. market value against a typical ₹ 359.6 Cr. (1st = largest).68th of 126

Exchange filings and their impact on the company.

• 22 Oct 2026Outcome of Board MeetingHigh impactPositivePrice −3.3% on 23 Oct
  Silkflex allotted 15.19 lakh shares at Rs 205 to raise Rs 31.1 cr, lifting equity ~65% with ~13% dilution.

  Silkflex Polymers allotted 15,18,500 equity shares at Rs 205 per share on a preferential basis to 55 public investors, raising Rs 31.13 crore. Paid-up capital rose to 1,31,25,500 shares from 1,16,07,000 shares. The infusion boosts net worth by about 65% to support growth and lower debt, with about 13% share dilution.

  Full analysisFiling
• 21 Oct 2026Outcome of Board MeetingMedium impactPositivePrice −2.8% on 22 Oct
  Promoter allotted 12 lakh warrants at Rs 205, bringing up to Rs 24.6 cr and ~9% dilution.

  Silkflex Polymers allotted 12,00,000 fully convertible warrants at Rs 205 each to promoter Tushar Sanghavi on a preferential basis, after shareholder approval on September 22, 2026. The issue totals Rs 24.6 crore, with 25% or Rs 6.15 crore received upfront and the balance payable within 18 months for conversion into equal equity shares. The promoter funding strengthens the balance sheet and supports its ongoing manufacturing expansion.

  Full analysisFiling
• 19 Oct 2026Commencement of commercial production/operationsMedium impactPositivePrice −3% on 21 Oct
  Silkflex started 4 MT/day in-house textile ink production to lift capacity and margins.

  Silkflex Polymers has commissioned two 2 MT vessels and started commercial production of textile garment printing inks from October 19, 2026 at Vadodara, adding 4 MT per day per shift capacity. The move brings ink manufacturing in-house to strengthen capacity and meet customer demand. It supports mid-teens revenue growth potential and margin improvement over the next year as utilization ramps.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Tushar Lalit Kumar Sanghavi

Executive Chairman of the Board, Managing Director

Urmi Raj Mehta

Chief Financial Officer, Whole Time Director

Nikita Jaiswal

Company Secretary, Compliance Officer