| Order Book | ₹890 CrAs of June 2026 |
|---|---|
| Market Cap | ₹801.05 CrSmall Cap |
| P/E TTM | 13.59Sector 51.34 |
| Promoter Holding | 69.3%Latest Qtr |
Key highlights
- MoU signed to supply combat uniform fabric to the Air Force Wives Welfare Association (Local)
- Production will adhere to Indian Air Force specifications for size, color, and manufacturing
- Agreement aligns with long-term strategic goals for the integrated uniforms solution segment
- Confirmed order book for the company stood at ₹890 crore as of June 30, 2026
- Mafatlal currently operates a 120-year textile legacy alongside health and hygiene divisions
Specialized Fabric Supply for Defense Welfare
Mafatlal Industries has formalized a partnership with the Air Force Wives Welfare Association (Local) to supply specialized fabric for combat uniforms. Under the terms of the MoU, the company will deliver materials to Air Force Station New Delhi that meet the rigorous standards for size, color, and manufacturing prescribed by the competent authority of the Indian Air Force. This engagement marks a significant expansion into defense-related supply chains, leveraging the company's existing expertise in providing uniform solutions for schools, corporate entities, healthcare institutions, and the hospitality sector both in India and overseas.
Operational Milestones and Strategic Growth
- Confirmed order book reached ₹890 crore as of the quarter ended June 30, 2026
- Operating revenue for the first quarter of FY27 was ₹942.65 crore, a 6.61% sequential increase
- Commissioned a 4 MWp captive solar power plant at the Nadiad facility on July 20, 2026
- Entered the global apparel export market through a 51:49 joint venture established in July 2025
- Board meeting is scheduled for November 4, 2026, to approve the September quarter results
Institutional Strengthening Strategy
The execution of the MoU is aligned with the Company’s long-term strategic objective of strengthening its position in the integrated uniforms solution segment.
Navigating Sector Dynamics and Performance
The company’s recent performance reflects broader headwinds in the textile industry, with a June 2026 quarter net profit of ₹14.68 crore, marking a 67.88% decline year-on-year. Despite these challenges, Mafatlal maintains a strong durability score of 60 and is classified as a Value Stock with an under-radar momentum profile. The current valuation shows a price-to-earnings ratio of 13.59, significantly lower than the industry average of 31.69.
By securing institutional contracts like the AFWWA agreement, the company aims to stabilize revenue streams while continuing its diversification into digital infrastructure and consumer durables.
| Date | Announcement | Amount |
|---|---|---|
| 03 Oct 2025 | Execution of a shareholders agreement between Mafatlal Industries Limited, its subsidiary Mafatlal Apparel Exports Private Limited, and partner Sagar Birnale (51:49 joint venture) to govern the management and operations of the export entitySource: BSE filing | – |
| 19 Jul 2025 | Incorporation of export joint venture subsidiary Mafatlal Apparel Exports Private Limited with partner Sagar Birnale (51:49 equity split) to enter the global apparel export marketSource: BSE filing | ₹2.50 Cr |
| 20 Feb 2025 | Execution of a three-year tripartite technology licensing agreement with the Technology Development Acceleration Cell (TDAC, Indian Navy) and National Research Development Corporation (NRDC) to manufacture and market the NavRakshak Ultra PPE KitSource: aliceblueonline.com | – |
| 18 Oct 2024 | Incorporation of digital technology joint venture subsidiary Pieflowtech Solutions Private Limited with co-promoters (60% equity stake held by Mafatlal) to expand digital infrastructure offeringsSource: market data.com | ₹1.00 Cr |
What to watch next
- Board meeting to consider unaudited financial results for Q2 FY2027 on November 4, 2026
- Expansion of the 51:49 export joint venture with Sagar Birnale through FY 2026-27
- Operational results from the newly commissioned 4 MWp captive solar plant at Nadiad
| Share price | ₹111.4 |
|---|---|
| Market capitalisation | ₹801.05 Cr |
| Revenue (annual) | ₹3,871.07 Cr |
| Net profit (annual) | ₹89.98 Cr |
| Revenue (latest quarter) | ₹942.65 Cr+6.61% vs previous quarter |
| Net profit (latest quarter) | ₹14.68 Cr-18.26% vs previous quarter |
| P/E (TTM) | 13.59×Sector 51.34× |
| Promoter holding | 69.3%0.00% QoQ |
| FII holding | 0.34%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Mafatlal Industries Limited announcing an MoU for the supply of combat uniform fabric. Market figures from a third-party data provider.
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