Nurturing Excellence - Annual Report 2022-23 Nurturing Excellence To Drive Transformation - Annual Report 2022-23

Nurturing Excellence to
Drive Transformation

Square divider - value creation model Circle divider - value creation model Square divider - value creation model

Each year we forge ahead fueled by optimism and a shared vision as we build a future filled with sustainable achievements and unparalleled excellence.

Over the years since our establishment, we have cultivated a culture of excellence, driven by our unwavering dedication to innovation, customer-focused values, sustainability, and the reinforcement of our core strategic principles. In the face of external macro-economic challenges, such as fluctuations in raw material prices and global instabilities, our commitment remains steadfast, propelling us onward and upward.

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Recover

Reimagine

Rebuild

FY 2022-23 signifies that phase in our growth journey that underscores our commitment to perseverance and consistent efforts as we adopt the approach of “Recover Reimagine Rebuild.”

Essential Metrics

Amount Of Yarn Produced Icon - Essential Metrics

The amount of yarn we
have produced can go

41868

Times to the moon

Colour Range Icon - Essential Metrics

Widest colour range of
conventional dyed yarn

17K+

Shades

Innovation Icon - Essential Metrics

Touching lives through
innovation for

38

Years

"Our transformation, started in 2015, has been marked by resilience, patience, and incremental progress. As our product mix evolves, we anticipate a shift towards specialised products for sustained profitability."

- Abhishek R Mandawewala

MD & CEO

MD and CEO Message Board Members
Circular Dots Background Abhishek r mandawewala - md & ceo’s message

Progress Pulse

Our focus on key parametres has resulted in consistent growth for the company over the time. By startegically investing in capacity enhancements across diverse business gsegments, we anticipate significant cash flow generation in the times ahed. As we continue on our transformative journey, we are confident that our financial prudence, innovation-driven approach, and dedication to sustainable business practices will propel us to greater heights in the gloabal marketplace.

992.0 FY 18-19
1028.0 FY 19-20
947.4 FY 20-21
1491.5 FY 21-22
1457.8 FY 22-23

Revenue from Operations (₹ Crores)

34.8% FY 18-19
39.8% FY 19-20
42.4% FY 20-21
45.5% FY 21-22
47.5% FY 22-23

Export share (%)

77.5 FY 18-19
97.6 FY 19-20
94.2 FY 20-21
166.1 FY 21-22
103.1 FY 22-23

EBITDA (₹ Crores)

7.8% FY 18-19
9.5% FY 19-20
9.9% FY 20-21
11.1% FY 21-22
7.1% FY 22-23

EBITDA (% to Revenue)

5.9 FY 18-19
17.4 FY 19-20
14.1 FY 20-21
50.8 FY 21-22
7.2 FY 22-23

PAT (₹ Crores)

6.5 FY 18-19
8.2 FY 19-20
9.0 FY 20-21
17.3 FY 21-22
6.8 FY 22-23

Return on Capital Employed (%)

1.0 FY 18-19
0.7 FY 19-20
0.6 FY 20-21
0.7 FY 21-22
0.6 FY 22-23

Debt Equity Ratio

2.2 FY 18-19
2.5 FY 19-20
2.4 FY 20-21
2.7 FY 21-22
2.6 FY 22-23

Fixed Asset Coverage Ratio

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Annual Report FY 2022-23

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