Fiberweb (India) Limited (FIBERWEB) AI Stock Analysis

• Market Cap: ₹1.05B
• Dividend Yield: N/A
• Average Volume (3M): 8.37K
• Price to Earnings (P/E): 6.7
• Beta (1Y): 1.12
• Revenue Growth: 19.37%
• EPS Growth: 40.55%
• Country: IN
• Employees: 111
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Apparel - Manufacturers
• EPS (TTM): 1.36
• Shares Outstanding: 28,791,710
• 10 Day Avg. Volume: 18,007
• 30 Day Avg. Volume: 8,367
• PEG Ratio: 0.07
• Price to Book (P/B): 0.66
• Price to Sales (P/S): 1.15
• P/FCF Ratio: -26.77
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: ₹40.00 ▲(8.05% Upside)
• Action: Upgraded Date: 02/04/26
• Date: Action: Upgraded 02/04/26

The score is primarily supported by strong financial fundamentals (profitability improvement and a very low-leverage balance sheet) and an attractive valuation (low P/E). Technicals remain constructive due to the prevailing uptrend, but overbought signals (high RSI and Stochastic) and negative free cash flow from elevated capex temper the overall rating.

Positive Factors

Revenue recovery and margin improvement

A 17.76% revenue rebound with gross margin at 38.23% and net margin at 14.81% indicates durable demand and better pricing or cost control. Sustained revenue and margin expansion enhances earnings power, supports reinvestment, and improves resilience over the next several months.

Very low financial leverage

An equity ratio near 92% and debt/equity of 0.05 provide substantial balance sheet headroom. Low leverage reduces financing risk, lowers fixed interest burdens, and allows the company to fund capex or absorb downturns without immediate external financing, supporting long-term stability.

Improved operating cash generation

An OCF-to-net-income ratio of 0.76 shows reasonable cash conversion from profits and an improving operating cash profile. This strengthens self-funded working capital and operating needs, reducing near-term reliance on external capital and bolstering durable cash-generation capacity.

Negative Factors

Negative free cash flow from high capex

Persistent negative free cash flow driven by elevated capex can erode liquidity and force external financing despite low leverage. If capital spending doesn't deliver timely returns, the company's financial flexibility and ability to weather shocks could weaken over a multi-month horizon.

Room to improve operational efficiency

While margins have improved, the stated need for further EBIT/EBITDA efficiency implies vulnerability to input-cost shocks and limited structural operating leverage. Without additional productivity gains, margin gains may stall, constraining long-term profitability and ROE expansion.

Small scale and limited market liquidity

A small workforce (111) and low average trading volume (~4,682) reflect limited operational scale and market liquidity. Smaller scale can constrain distribution, bargaining power and cost synergies, and low liquidity can complicate capital raises or increase financing costs when external funds are needed.

Fiberweb (India) Limited Business Overview & Revenue Model

Company Description

Fiberweb (India) Limited manufactures and sells spunbond and melt-blown polypropylene nonwoven fabrics in India. The company serves hygiene, agriculture crop cover, and medical and industrial clothing industries. It also exports its products to the United States, the United Kingdom, Europe, Australia, New Zealand, South Africa, and Gulf countries. The company was formerly known as PVD Plast Mould Industries Limited. Fiberweb (India) Limited was incorporated in 1985 and is based in Mumbai, India.

How the Company Makes Money

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Fiberweb (India) Limited Financial Statement Overview

Summary

Strong revenue recovery (+17.76% from 2024 to 2025) and improved profitability (gross margin 38.23%, net margin 14.81%) support the score. The balance sheet is very strong with high equity ratio (91.76%) and low leverage (debt-to-equity 0.05). The main offset is cash flow quality: free cash flow is negative due to high capital expenditures, which raises sustainability and liquidity risk if it persists.

Income Statement

Fiberweb has shown a strong recovery in revenue with a notable growth rate of 17.76% from 2024 to 2025. The company's gross profit margin has improved to 38.23%, indicating efficient cost management. Net profit margin also increased significantly to 14.81%, showing enhanced profitability. However, the EBIT and EBITDA margins, although improved, still suggest room for operational efficiency gains.

Balance Sheet

The balance sheet reflects a strong equity position with a high equity ratio of 91.76%, indicating financial stability. The debt-to-equity ratio is low at 0.05, which suggests prudent financial leverage. Return on equity increased to 8.51%, showcasing improved profitability relative to shareholder equity. Overall, the company maintains a robust financial position with low leverage risk.

Cash Flow

Operating cash flow improved significantly, showing a positive cash generation trend. However, the company reported negative free cash flow due to high capital expenditures, which could be a concern if sustained. The operating cash flow to net income ratio is 0.76, indicating reasonable cash flow conversion, but the free cash flow to net income ratio is negative, suggesting potential liquidity challenges if capital spending remains high.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.01B	1.01B	859.97M	661.13M	952.11M	1.07B
Gross Profit	423.66M	387.23M	369.22M	230.34M	264.99M	326.60M
EBITDA	227.44M	224.62M	124.86M	25.02M	160.96M	230.22M
Net Income	161.74M	150.04M	72.70M	-2.99M	113.35M	143.72M
Balance Sheet
Total Assets	2.01B	1.92B	1.71B	1.69B	1.78B	1.89B
Cash, Cash Equivalents and Short-Term Investments	57.05M	16.40M	36.93M	49.24M	62.94M	69.45M
Total Debt	65.22M	84.33M	137.31M	63.40M	0.00	0.00
Total Liabilities	166.67M	159.03M	98.96M	147.28M	64.00M	136.85M
Stockholders Equity	1.84B	1.76B	1.61B	1.54B	1.54B	1.75B
Cash Flow
Free Cash Flow	61.20M	-43.52M	-16.22M	-94.74M	-13.07M	-6.53M
Operating Cash Flow	156.43M	114.17M	6.28M	176.51M	87.11M	152.79M
Investing Cash Flow	-95.23M	-165.97M	-22.14M	-260.87M	-99.52M	-156.93M
Financing Cash Flow	-20.55M	31.27M	3.54M	68.85M	8.64M	-11.12M

Fiberweb (India) Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 37.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FIBERWEB, the sentiment is Negative. The current price of 37.02 is below the 20-day moving average (MA) of 40.14, below the 50-day MA of 38.70, and below the 200-day MA of 43.30, indicating a bearish trend. The MACD of -1.12 indicates Positive momentum. The RSI at 38.12 is Neutral, neither overbought nor oversold. The STOCH value of 21.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:FIBERWEB.

Fiberweb (India) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FIBERWEB	74 Outperform	₹1.05B	6.65	―	―	19.37%	40.55%
TIRUPATIFL	67 Neutral	₹5.48B	52.14	―	―	-0.94%	-48.46%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MMP	58 Neutral	₹5.56B	14.02	―	0.78%	26.79%	-35.43%
TEXMOPIPES	58 Neutral	₹1.23B	7.48	―	―	-3.48%	363.10%
FLEXITUFF	40 Underperform	₹218.27M	-0.35	―	―	-67.01%	-140.84%

Fiberweb (India) Limited Corporate Events

Fiberweb (India) Wins ₹8-Crore US Export Orders After Tariff Cut, Signals Strong Outlook

Fiberweb (India) Ltd., a 100% export-oriented producer of spunbond and melt-blown nonwoven fabrics for hygiene, medical and industrial applications, has reported a sharp uptick in US-bound business following recent trade policy changes. The company has secured more than 15 new export orders from the United States, worth over ₹8 crore in total, within hours of US reciprocal tariffs on Indian goods being cut from 50% to 18%, and says the enlarged order book underpins expectations of strong operational performance in the near term. Management highlighted that the surge in demand underscores Fiberweb’s competitive positioning and operational agility in technical textiles, while clarifying that the new contracts are not related-party transactions and that no promoters have any interest in the ordering entities, a point aimed at reassuring investors on governance and transparency.

Fiberweb India Clears Q3 Results and Secures Major Funding for Rs 168-Crore Expansion

Fiberweb (India) Limited’s board has approved the unaudited standalone financial results for the third quarter and nine months ended 31 December 2025 and taken on record the statutory limited review by its auditors, while also reviewing share capital, committee reports and investor-related matters. In a key strategic move, the board noted a Rs 3.8 crore term loan from Bank of Baroda and formally approved a much larger financing package from State Bank of India comprising a Rs 115 crore term loan and Rs 20 crore working capital facility to fund a Rs 168 crore expansion project, with the balance to come from equity and internal accruals, signalling a significant growth push; additionally, the board agreed to extend the tenure of Chief Financial Officer Mukesh Pandya until 30 April 2026 following his earlier resignation, ensuring continuity in financial leadership during the expansion phase.