SPUNWEB NONWOVEN LTD

1. Introduction
Company Overview
Out of Rajkot, Gujarat, Spunweb Nonwoven Ltd makes nonwoven materials since starting up in 2015. This Indian firm focuses on polypropylene spunbond fabric for uses like hygiene products, farming gear, medical supplies, and wrapping items. Growth pushed output higher while reaching buyers beyond India's borders too. Though quiet about flash, progress shows through broader operations and overseas reach slowly building.
Industry Overview
Fresh off innovation, Spunweb works where tech meets fabric - think nonwovens built for real-world needs. Driven forward by more people wanting sanitary goods, disposable medical gear, and greener alternatives, momentum builds quietly but steadily. Healthcare priorities climb, industries adapt, pulling demand along like a steady tide. Still, bumps appear when polypropylene prices swing without warning. Throw in fierce worldwide rivalry, and the path gets rocky despite strong footing.
Purpose of the Analysis
A close look at how the firm runs begins with its daily activities, tied closely to results on paper. Numbers tell part of the story, yet standing out in a fast-moving fabric tech field adds pressure. Performance isn’t just about profits - it shows up in market stance too. Growth in specialty textiles shapes what the business can do next. Position matters more when others move faster.
2. Company Overview
Background and History
Early one morning in 2015, Spunweb Nonwoven Ltd came into being with fabric-making as its main purpose. Machines started humming louder each year, pushing output far beyond early expectations. New tools arrived often, quietly replacing older ways of doing things. Homes nearby began using their materials just as foreign orders stacked up at the door.
Business Model
The company earns revenue mainly through:
- Fabrics that aren’t woven come from a production process. Their distribution follows right after making them
- Export of technical textile products
Key Products and Services
- Polypropylene spunbond nonwoven fabric
- Fabric for hygiene products (diapers, masks)
- Agricultural and industrial fabric applications
Market Position
A fresh wave of interest in hygiene products keeps Spunweb on its toes, pushing growth across India’s nonwoven landscape. Rivals pop up locally, while bigger names from abroad also step into the ring.
3. Promoter Or Founder Overview
Name Of Promoter / Founder

- Mr. Jay D. Kagathara
Professional Background
Fabric work runs deep in their background, built on years shaping industrial textiles. Machines matter here - new ones, fast ones, kept humming. Selling abroad isn’t an afterthought - it’s where most of the output ends up. Equipment upgrades aren’t rare; they’re routine. Export goals shape decisions more than local demand does.
Role in company growth and strategic decisions
- Established manufacturing facilities with advanced technology
- Expanded export footprint across multiple countries
- Focused on scaling production capacity and efficiency
4. Financial Statement Analysis
Income Statement Analysis
Metric | FY 2025 | FY 2024 | FY 2023 |
Revenue (₹ Cr) | 226.35 | 148.61 | 115.92 |
Net Profit (₹ Cr) | 10.79 | 5.44 | 1.13 |
Revenue Growth YoY | ↑ 52.3% | ↑ 28.2% | ↑ 1.8% |
Net Profit Growth YoY | ↑ 98% | ↑ 382% | ↓ |
Net Profit Margin | ~4.8% | ~3.7% | ~1.0% |
Revenue Trend Table (FY23–FY25)
Fiscal Year | Revenue (₹ Crore) | YoY Growth |
FY 2023 | 115.92 | ↑ 1.8% |
FY 2024 | 148.61 | ↑ 28.2% |
FY 2025 | 226.35 | ↑ 52.3% |
Revenue Trend Chart (FY23–FY25)

Balance Sheet Analysis
Metric | FY 2025 | FY 2024 | FY 2023 |
Total Assets (₹ Cr) | 182.76 | 106.58 | 93.14 |
Equity / Net Worth (₹ Cr) | 45.05 | 25.77 | 20.32 |
Total Debt (₹ Cr) | 91.15 | 48.33 | 49.51 |
Key Observations
- Strong growth in assets and equity
- Increase in debt due to expansion
- Indicates aggressive scaling strategy
Cash Flow Statement Analysis
Cash Flow Type | FY 2025 | FY 2024 | FY 2023 |
Operating Cash Flow | Positive | Positive | Moderate |
Investing Cash Flow | Outflow | Outflow | Outflow |
Financing Cash Flow | Inflow | Inflow | Inflow |
Key Financial Ratios
Ratio Type | Observation |
Profitability | Improving margins |
Liquidity | Strong |
Leverage | Moderate |
Efficiency | Improving |
Year on Year Comparison (3 Years)
FY23: Stable growth base
FY24: Strong growth phase
FY25: Continued growth with improving margins
5. Key Insights & Interpretation
Strengths
- Growing demand in nonwoven segment
- Strong export presence
- Improving profitability
Weaknesses
- Dependence on polypropylene prices
- Competitive industry
Risk Factors
- Raw material price volatility
- Global competition
Future Outlook
Fresh chances are opening up for Spunweb as more people reach for clean, medical-grade fabrics. Growth seems set to roll on, hand in hand with bigger production space.
6. Conclusion
Final evaluation of financial health
Profitability climbs at Spunweb Nonwoven Ltd while the balance sheet holds steady. Growth gains momentum without straining resources.
Investment or performance perspective
A choice that might fit those looking to grow their funds, yet watching supply prices along with market rivals still matters. Despite potential gains, keeping an eye on external pressures stays relevant.
Data Sources: -
https://www.screener.in/company/SPUNWEB/consolidated/