BORANA WEAVES FINANCIAL AND BUSINESS ANALYSIS REPORT

1. Introduction

This document examines Borana Weaves Service, a weaving enterprise based in India, through financial and operational lenses. Employment generation and export contributions mark the broader sector it belongs to. Through this work, insight emerges on fiscal condition, patterns over time, along with what lies ahead. Though rooted in numbers, meaning surfaces via context around decisions made.

2. Company Overview

Borana Weaves Service began life as a modest workshop, growing slowly over time. From that base, it now offers fabric production alongside fiber treatment and made-to-order cloth products. Competition shapes its path, though the business holds steady within the middle range of industry standing.

3. Promoter or Founder Introduction

Mangilal Borana

Leading the firm as both head and chief operator, he holds dual roles at the top. Positioning himself across leadership and management duties, his presence shapes key decisions. Overseeing strategy while guiding daily operations, authority flows through his direction. Steering long-term vision alongside immediate execution, control remains centralized under his oversight.

With more than five decades shaping fabric traditions, his influence quietly guided the firm’s growth. Expansion followed where he stepped, decisions made without fanfare but felt across every branch

Boranagroup.in

Key family members besides immediate relatives

Ankur Borana CEO

Rajkumar Borana CFO

4. Financial Statement Analysis

Income Statement (₹ Lakhs)

Balance Sheet (₹ Lakhs)

Key Financial Ratios Based on Real Values

ROE: ~60% (very strong profitability) 

ROCE: ~41% (efficient capital usage) 

Profit margin rose from about five percent to fourteen

P/E Ratio: ~17 (moderately valued stock) 

5. Key Insights & Interpretation

Strengths

• Extremely fast revenue growth (42 → 290 Cr)
• High profitability (ROE 60%)
• A surge in initial public offering interest - investor enthusiasm evident through 149 times oversubscription - signals market trust
• The Economic Times

Weaknesses

• No strong brand (B2B textile business)
• Increasing working capital cycle
• Still waiting for any dividend distribution

Risks

• Textile industry price volatility
• Dependence on synthetic yarn demand
• Competitive market with low differentiation

Future Outlook

• Expansion funded by IPO raising about ₹145 crore
• The Economic Times
• Increasing capacity → higher production potential
• Strong demand in textile exports

6. Conclusion 

Borana Weaves Limited shows steady growth, backed by rising profits and stronger finances. Even though challenges exist within the sector, progress remains solid. Growth initiatives point ahead – risk levels stay manageable. Outlook stays favorable, shaped by consistent results rather than sudden shifts.

7. References 

• Borana Weaves Ltd. (2025). Annual Report & Financial Statements.
• Economic Times. (2025). Borana Weaves IPO News.
• IBEF. (2023). Indian Textile Industry Report