Mafatlal Industries Ltd

Meeting Details

• Date and time: 27 August 2026, 4:00 pm onwards.
• Mode: virtual group meeting with investors/analysts.

Participants

• Company officials from management to participate; specific roles not disclosed.

Purpose

• Investor interaction referencing publicly available documents; no unpublished price sensitive information will be shared.

AGM Details

• Date/time/mode: 7 August 2026, 3:30 p.m. IST, VC/OAVM.

Resolutions Proposed

• Resolution 1 (Ordinary): Adopt audited standalone and consolidated financial statements for FY ended 31 March 2026.
• Resolution 2: Confirm interim dividend and declare final dividend for FY 2025-26.
• Resolution 3: Re-appoint Priyavrata H. Mafatlal on rotation.
• Resolution 4: Ratify remuneration to Cost Auditors for FY 2026-27.
• Resolution 5: Re-appoint Priyavrata H. Mafatlal as MD & CEO.
• Resolution 6: Re-appoint Hrishikesh A. Mafatlal as Executive Chairman.
• Resolution 7: Pay commission to Non-Executive Independent Directors for FY 2025-26.

Dividend Status

• Interim dividend confirmed; final dividend to be declared.

Voting Status

• Voting results to be declared within 48 hours after the meeting.
• Insta Poll remained open for 15 minutes post-meeting.

Business overview

• Core business spans Textiles & Related Products, Digital Infrastructure, and Consumer Durables.
• Integrated Uniforms Solution is a key growth pillar with asset-light manufacturing.

Operational highlights

• Q1FY27 revenue from operations was INR 942.5 Cr.
• Textiles & Related Products revenue was INR 405.9 Cr.
• Digital Infrastructure revenue was INR 42.0 Cr.
• Consumer Durables revenue was INR 494.6 Cr.
• Running order book stands at approximately INR 890 Cr.
• A 4 MWp captive solar plant commissioned at Nadiad unit.
• AMCs extend up to five years, boosting recurring revenue visibility.
• Gross debt stands at INR 58.8 Cr; long-term debt INR 33.4 Cr.

Financial performance

• Revenue from operations was INR 942.5 Cr.
• EBITDA was INR 25.7 Cr with a 2.7% margin.
• EBIT was INR 21.7 Cr; margin 2.3%.
• PAT was INR 14.6 Cr; margin 1.5%.
• Textiles YoY revenue growth: 5.6%.
• Digital Infrastructure YoY revenue growth: 543.5%.
• Consumer Durables YoY revenue decline: 41.8%.
• Operating EBITDA was INR 23.5 Cr with 2.5% margin.

Capital structure & liquidity

• Gross debt stands at INR 58.8 Cr as of Jun 30, 2026; long-term debt 33.4 Cr.
• Cash and cash equivalents: INR 123.7 Cr.
• Total equity stood at INR 773.0 Cr.
• Total assets: INR 1,750.0 Cr.
• Current liabilities: INR 927.4 Cr; current assets: INR 1,158.3 Cr.

Strategic priorities & outlook

• Focus on leading Uniforms Solution and scaling Digital Infrastructure.
• Continue selective Consumer Durables growth with higher-margin orders.
• Expand apparel exports via Mafatlal Apparel Exports.
• Develop Pieflowtech Solutions to strengthen software capabilities.
• Leverage long-term AMCs for revenue visibility.

Risks & mitigation

• Forward-looking statements subject to risks including earnings fluctuations, growth, competition, and policy changes.
• Execution risk on large, time-sensitive orders and international operations.

Governance & leadership

• MD & CEO Priyavrata Mafatlal continues in leadership.
• CFO Smita Jhanwar appointed; board includes multiple independent directors.
• Holding in NOCIL Ltd at 15.12%.

Q1 FY27 Highlights

• Q1FY27 core segments revenue: INR 447.9 Cr, up 14.6% YoY.
• Revenue reflects strategic portfolio realignment with calibrated reduction in low-margin Consumer Durables.
• Uniforms Solution drove Textiles growth; Textiles contributed 43.1% revenue, 59.9% EBIT.
• Digital Infrastructure grew in revenue and profitability, aided by long-term AMCs up to five years.
• Green initiatives include 4 MWp captive solar and rainwater harvesting.
• Standalone revenue from operations: INR 942.5 Cr; PBT INR 19.6 Cr.
• Gross debt at 30 Jun 2026: INR 58.8 Cr; long-term debt INR 33.4 Cr.
• Total order book stood at INR 890 Cr as of 30 June 2026.
• Management aims to strengthen Uniforms Solution, scale Digital Infrastructure, and focus on higher-margin Consumer Durables.
• Order book breakdown: Uniforms 480 Cr, Digital Infrastructure 110 Cr, Consumer Durables 300 Cr.
• Deferred tax assets net charge of INR 5.0 Cr recognized.

Financial results and audit

• Unaudited consolidated and standalone Q1 FY2026-27 results approved for period ended 30 June 2026.
• Results prepared in accordance with Regulation 33 of SEBI LODR.
• Limited Review Report on Q1 results by Price Waterhouse Chartered Accountants LLP with unmodified opinion; attached.

CMMI ML5 appraisal

• Mafatlal Industries appraised at CMMI ML5 for CMMI-DEV and CMMI-SVC by Univate Solutions.
• ML5 denotes an optimizing level with quantitative process improvement and alignment to goals.
• Dated August 6, 2026; press release issued.
• MD & CEO Priyavrata Mafatlal comments on milestone and ongoing investment in process excellence.

Financial metrics

• No revenue, profit or other financial metrics disclosed.

Management commentary

• Priyavrata Mafatlal, MD & CEO, highlights milestone and investment in process excellence and data-driven performance.

Capex solar project at Nadiad facility

• Commissioned a 4 MWp captive ground-mounted solar PV plant at the Nadiad manufacturing unit, Gujarat.
• Investment of approximately INR 11 crores to develop the solar project.
• Estimated annual generation of about 66 lakh kWh of net usable electricity.
• Will partially meet the facility's energy requirements and reduce energy costs.
• Project will lower carbon footprint and reinforce Mafatlal's green energy initiatives.
• Aligns with broader strategy to enhance operational excellence and sustainable growth.