Supreme Nonwoven Industries
Executive Summary
Supreme Nonwoven Industries is among the largest manufacturers of nonwoven fabrics and automotive interior components in India. The company supplies products to the automobile, filtration, and technical textile sectors. In 2025, it achieved operating revenue of ₹564 crore. The company's financial position improved during this period. With increased demand for technical textiles and automotive products, the company has the opportunity for further growth. It is recommended that the company emphasize managing its working capital cycle and address areas of deficiency to achieve improvements
Company Overview
Supreme Nonwoven Industries, part of the Supreme Group, is one of India's largest producers of nonwoven fabrics and automobile interior components. It was founded in 1986 by Mohan Kavrie. The company is headquartered in Mumbai. It is a B2B company that supplies technical textiles, filtration products, and automobile interior parts to various industries and major automobile manufacturers. The group operates 14 manufacturing plants across India.
Industry Overview
The firm produces more than 4000 distinct products, which are categorized into various product lines including automobile, filtration, and custom-made nonwovens. This corporation uses hi-tech processes like Thermoforming, Ultrasonic Welding, Robotic Water Jet Cutting, and PU Foaming. The organization generates more than 500 Cr INR and is engaged in import/export operations across the globe.
Fiscal Year | Operating Revenue (₹ Crore) |
FY23 | 500 |
FY24 | 550.35 |
FY25 | 564 |
Financial Performance Analysis
Metric | FY2024 | FY2025 |
Operating Revenue (₹ Crore) | 550.35 | 564.00 |
EBITDA Growth (%) | 61.43% | 6.57% |
Book Net Worth Growth (%) | -19.96% | 29.23% |
Working Capital Cycle (Days) | 63 | 76 |
Key Financial YOY
Revenue Trend Over 3–5 Years
Interpretation
- Revenue increased because of steady growth in business operations.
- EBITDA growth decreased from the previous year, which shows slower profit growth.
- Book Net Worth Growth improved because of the recovery in the company's financial position.
- The working capital cycle has increased, which shows that it takes more days to convert receivables into cash.
Key Financial Ratio
Since the company is a private company, detailed financial data is not publicly available. Therefore, only the ratios available from the CRISIL report have been calculated and analyzed.
Ratio | Formula | FY2025 | Interpretation |
Adjusted Debt / Net Worth (Times) | Adjusted Debt / Net Worth | 0.74 | Increased slightly, indicating higher leverage. |
Interest Coverage (Times) | EBITDA / Interest Expense | 6.59 | Improved ability to meet interest obligations. |
SWOT Analysis
Strengths | Weaknesses |
Leading manufacturer of nonwoven fabrics and automotive interior components in India. | Dependence on automotive and industrial sectors for a major share of revenue. |
Strong relationships with major automotive OEMs. | Working capital cycle increased to 76 days, indicating slower cash conversion. |
Revenue crossed ₹564 crore in FY2025 with consistent growth. | Slight increase in debt levels during FY2025. |
Diverse product portfolio across automotive, filtration, and technical textiles. | Limited public financial disclosure as a private company. |
Opportunities | Threats |
Growing demand for technical textiles and nonwoven products. | Fluctuations in raw material prices can affect profitability. |
Expansion of the automotive industry and electric vehicle market. | Intense competition from domestic and international manufacturers. |
Increasing use of nonwoven materials in healthcare and filtration applications. | Economic slowdowns may reduce demand from key industries. |
Export market expansion and global partnerships. | Changes in environmental and regulatory requirements. |
Peer / Competitor Comparison
Company | Industry | Revenue (₹ Crore) |
Supreme Nonwoven Industries | Nonwoven Fabrics & Automotive Components | 564 |
Strata Geosystems | Geosynthetics & Technical Textiles | 744 |
SKAPS Industries | Geosynthetics & Technical Textiles | 875 |
Conclusion and Recommendations
Supreme Nonwoven Industries has established a solid reputation in the automotive and nonwoven textile sectors. In comparison to the previous year, the company's sales increased in 2025. However, the working capital cycle grew. As a result, it must manage cash effectively and collect receivables more quickly. The business should keep developing its product and concentrate on areas that need development.
References & Sources
- Supreme Nonwoven Industries Official Website
- CRISIL Ratings - Supreme Nonwoven Industries Private Limited Rating Rationale
- MS Excel for Charts