Arex Industries Limited - environment in Gandhinagar, Gujarat, India. FY 2026 financials & compliance.
CIN L14101GJ1989PLC012213 Incorporated 10 May 1989 ROC Ahmedabad HQ Gandhinagar, Gujarat, India
Active Listed - BSE: 526851 Public Limited Company environment MSME · Medium
Data last updated
Market Cap
₹46.24 Cr
AREXMIS · BSE
Share Price
₹122.30
-4.82% today
Revenue
₹49.64 Cr
FY 2025-26 · -2.9% YoY
EBITDA
₹7.26 Cr
Margin 14.6%
Net Profit
₹1.44 Cr
FY 2025-26 · -44.0% YoY
P/E (TTM)
14.7x
P/B 1.6x
ROE
5.5%
ROCE 7.8%
Debt / Equity
0.43
Interest cover 35.9x

About Arex Industries Limited

Data last updated:

Arex Industries Limited is a public limited company based in Gandhinagar, Gujarat, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 10 May 1989 and has been in existence for over 37 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L14101GJ1989PLC012213. Its GSTIN is 24AADCA0424C1ZL (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 526851.

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.6 Cr. It was formerly known as Arex Narrow Fabrics Limited and Arex Narrow Fabrics Private Limited. It is led by directors including Dinesh Apparao Bilgi (Managing Director) and Neel Dinesh Bilgi (Managing Director).

Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 612 GIDC Industrial Estate Chhatral Tal.Kalol, Gandhinagar, Gujarat, India – 382729.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹49.64 Cr, a decline of 2.9% compared to the previous year. For the same year it recorded a net profit of ₹1.44 Cr (net margin 2.9%) and EBITDA of ₹7.26 Cr (EBITDA margin 14.6%). The net worth stands at ₹27.74 Cr (up 8.1% YoY). Total assets are valued at ₹38.34 Cr (up 0.9% YoY).

The company has about 212 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Arex Industries. As per MCA filings, the company has open charges of ₹11.18 Cr and satisfied charges of ₹18.87 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it. The company has 8 deals on record (8 market trades); the latest was in February 2024. Its 3 peer companies in the Cleantech industry (Wind Power, Woven Products), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 smaller; the largest is Kutti Spinners Private Limited with revenue of ₹51.71 Cr.

Arex Industries Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-09-0000969). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website arex.co.in.

Company details

CIN L14101GJ1989PLC012213
Registration Number 012213
Incorporation Date 10 May 1989
ROC Ahmedabad
Listing Status Listed - Listed on BSE (526851)
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-09-0000969

Name history

Arex Industries has undergone 2 name changes throughout its history. The company was previously known as Arex Narrow Fabrics Limited, and Arex Narrow Fabrics Private Limited. The current legal name is Arex Industries Limited.

Company NameStatus
Arex Industries LimitedCurrent
Arex Narrow Fabrics LimitedPrevious
Arex Narrow Fabrics Private LimitedPrevious

CIN history

Arex Industries has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L14101GJ1989PLC012213, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L14101GJ1989PLC012213Current
L99999GJ1989PTC012213Previous
L99999GJ1989PLC012213Previous

Recognitions & Rankings of Arex Industries

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-09-0000969

Contact details

Arex Industries Limited's registered office is in Gandhinagar, Gujarat.

  • Registered Address
    612 GIDC Industrial Estate Chhatral Tal.Kalol, Gandhinagar, Gujarat, India – 382729
  • Industry
    Environment, Wind Energy Solutions
Comprehensive company report
Arex Industries Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
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Brands

Arex Industries operates one associated brand: Arex Industries. Each brand links to its own profile.

BrandDescriptionWebsite
Woven labels are manufactured by Arex Industries in Gandhinagar.arex.co.in

Business activity

The main business activity of Arex Industries is manufacturing. In detail, this covers textile, leather and other apparel products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC2Textile, leather and other apparel products

To see the full business activity and turnover split of Arex Industries Limited, buy the company report.

Financials of Arex Industries Limited

FY 2025-26 filings available

Arex Industries Limited reported revenue of ₹49.64 Cr (down 2.9% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹49.64 Cr
-2.9% YoY
EBITDA
₹7.26 Cr
-11.4% YoY
Profit After Tax
₹1.44 Cr
-44.0% YoY
Net Worth
₹27.74 Cr
+8.1% YoY
Total Assets
₹38.34 Cr
+0.9% YoY
Total Debt
₹10.60 Cr
-14.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue49.6451.1451.0145.0253.7540.8847.17
Revenue growth-2.9%+0.3%+13.3%-16.2%+31.5%-13.3%-
EBITDA7.268.199.096.9111.196.909.32
EBITDA margin+14.6%+16.0%+17.8%+15.4%+20.8%+16.9%+19.8%
Profit before tax1.923.663.691.004.65(0.80)1.45
Net profit1.442.572.530.623.70(1.04)0.87
Net profit margin+2.9%+5.0%+5.0%+1.4%+6.9%-2.5%+1.8%
EPS (₹)4.127.326.421.779.34(2.54)2.23
Balance sheet
Total assets38.3438.0142.1046.8251.6955.7157.65
Net worth27.7425.6731.6129.0728.3724.6625.65
Total debt10.6012.3410.4917.7523.3231.0632.00
Cash & bank0.170.150.210.350.380.400.46
Net working capital10.5911.3713.0614.0515.1915.5214.52
Cash flow
Cash from operations7.588.919.508.1210.467.489.79
Cash from investing(4.74)(0.79)(0.94)(0.73)(0.60)(1.86)(1.57)
Cash from financing(2.77)(8.09)(8.59)(7.38)(9.85)(5.65)(8.19)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue14.2812.3812.9913.0111.2712.6413.2012.34
Revenue growth (YoY)+26.7%-2.1%-1.6%+5.4%-13.1%---
Other income9.540.060.000.000.000.040.000.65
Total expenses10.9310.9711.4610.389.5710.8810.6210.97
EBITDA3.351.411.532.631.701.762.581.37
EBITDA margin+23.5%+11.4%+11.8%+20.2%+15.1%+13.9%+19.5%+11.1%
Depreciation1.061.161.061.061.061.131.001.00
Interest0.060.190.260.290.290.320.350.16
Profit before tax11.770.120.211.280.350.351.230.86
Tax2.980.14(0.07)0.270.090.090.250.29

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue14.2812.3812.9913.0111.2712.6413.2012.34
Revenue growth (YoY)+26.7%-2.1%-1.6%+5.4%-13.1%---
Other income9.540.060.000.000.000.040.000.65
Total expenses10.9310.9711.4610.389.5710.8810.6210.97
EBITDA3.351.411.532.631.701.762.581.37
EBITDA margin+23.5%+11.4%+11.8%+20.2%+15.1%+13.9%+19.5%+11.1%
Depreciation1.061.161.061.061.061.131.001.00
Interest0.060.190.260.290.290.320.350.16
Profit before tax11.770.120.211.280.350.351.230.86
Tax2.980.14(0.07)0.270.090.090.250.29
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue49.6451.1451.0145.0253.7540.8847.17
Revenue growth-2.9%+0.3%+13.3%-16.2%+31.5%-13.3%-
Other income0.060.690.090.130.060.040.11
Total expenses42.3842.9541.9238.1142.5633.9837.85
Employee cost17.6917.3616.0213.6515.2911.6014.18
EBITDA7.268.199.096.9111.196.909.32
EBITDA margin+14.6%+16.0%+17.8%+15.4%+20.8%+16.9%+19.8%
Depreciation4.364.134.164.234.494.764.85
Interest1.041.091.331.812.112.983.13
Profit before tax1.923.663.691.004.65(0.80)1.45
Tax0.441.031.150.310.960.200.56
Net profit1.442.572.530.623.70(1.04)0.87
Net profit margin+2.9%+5.0%+5.0%+1.4%+6.9%-2.5%+1.8%
EPS (₹)4.127.326.421.779.34(2.54)2.23
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3.603.603.963.963.963.963.96
Reserves & surplus24.1422.0727.6525.1124.4120.7021.69
Shareholders' funds (net worth)27.7425.6731.6129.0728.3724.6625.65
Secured loans10.6010.3810.4917.7523.3231.0632.00
Unsecured loans0.001.960.000.000.000.000.00
Total debt10.6012.3410.4917.7523.3231.0632.00
Total liabilities38.3438.0142.1046.8251.6955.7157.65
Assets
Gross block108105105105104103103
Net block25.3826.9930.3633.3936.1439.4143.21
Capital work in progress3.000.880.030.000.490.000.00
Investments0.000.000.000.000.001.010.00
Inventories7.537.817.998.899.658.317.59
Sundry debtors6.838.079.568.149.4411.5610.68
Cash & bank balances0.170.150.210.350.380.400.46
Loans & advances1.111.841.070.790.860.751.07
Total current assets15.6417.8718.8318.1720.3321.0219.80
Total current liabilities5.056.505.774.125.145.505.28
Net working capital10.5911.3713.0614.0515.1915.5214.52
Total assets38.3438.0142.1046.8251.6955.7157.65
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.050.020.050.050.040.060.04
Net cash from operating activities7.588.919.508.1210.467.489.79
Net cash from investing activities(4.74)(0.79)(0.94)(0.73)(0.60)(1.86)(1.57)
Net cash from financing activities(2.77)(8.09)(8.59)(7.38)(9.85)(5.65)(8.19)
Net change in cash0.060.02(0.03)0.000.01(0.03)0.02
Closing cash0.170.150.210.350.380.400.46
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-2.9%+0.3%+13.3%-16.2%+31.5%-13.3%-
EBITDA growth-11.4%-9.9%+31.6%-38.3%+62.2%-26.0%-
PBT growth-47.5%-0.8%+269.0%-78.5%+9998.0%--58.5%
Net income growth-44.0%+1.6%+308.1%-83.2%+455.8%-219.5%-
Revenue CAGR (3Y)+3.3%-1.7%+7.7%-1.5%+9.7%+2.8%+10.5%
EBITDA CAGR (3Y)+1.7%-9.9%+9.6%-9.5%+5.1%-5.0%+3.7%
Profitability & leverage
Net income margin+3.0%+5.1%+5.0%+1.5%+6.9%-2.5%+1.9%
Return on capital employed+7.8%+11.9%+11.3%+5.7%+12.6%+3.9%+7.7%
Return on net worth+5.5%+9.2%+8.4%+2.4%+14.0%-4.0%+3.4%
Debt / equity0.430.400.470.721.031.251.31
Long-term debt / equity0.100.210.330.510.781.021.09
Interest cover35.8626.8526.9867.5431.49139.2570.02
Efficiency & per share
Fixed asset turnover0.470.490.490.430.520.400.46
Inventory turnover6.476.476.044.865.995.146.97
Debtors turnover6.665.805.765.125.123.684.45
EPS (₹)4.127.326.421.779.34(2.54)2.23
Dividend per share (₹)2.500.000.000.000.000.000.00
Book value per share (₹)77.0771.3479.8573.4371.6662.2864.79

To see the full year-wise statements and ratios of Arex Industries Limited, buy the company report.

Board of directors of Arex Industries Limited

Arex Industries has 9 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Dinesh Apparao BilgiManaging Director01 May 200917 Years 5 MonthsCurrent
Neel Dinesh BilgiManaging Director01 Aug 200521 Years 2 MonthsCurrent
Manoj Uttam ShahDirector01 Sep 20242 Years 1 MonthsCurrent
Aviv Joseph DivekarDirector01 Sep 20215 Years 1 MonthsCurrent
Pragnesh Kantilal ShahDirector14 Dec 199035 Years 10 MonthsCurrent
Laxman Chetandas TilaniDirector14 Dec 199035 Years 10 MonthsCurrent
Showing 6 of 9 current directors. View all directors

Peer comparison

Arex Industries Limited is compared with the 3 companies closest to it by revenue in the Cleantech industry (Wind Power, Woven Products), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Kutti Spinners Private Limited₹51.71 Cr (FY 2025)-9.0%Tamil Nadu, India
Nellimarla Jute Mills Co Ltd₹51.51 Cr (FY 2023)9.0%Kolkata, West Bengal, India
Tirupathi Yarntex Spinners Private Limited₹51.45 Cr (FY 2025)0.0%Rajapalayam, Tamil Nadu, India
Arex Industries Limitedthis company₹49.64 Cr (FY 2026)₹1.44 Cr2.9%-2.9%Gandhinagar, Gujarat, India

To see the full peer comparison of Arex Industries Limited, buy the company report.

Charges & borrowings

Open charges
₹11.18 Cr
Satisfied charges
₹18.87 Cr
Breakdown by lending institutions
State Bank of India₹11.18 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
28 Nov 199480014816State Bank of India₹5.59 CrOpen
28 Nov 199480014832State Bank of India₹5.59 CrOpen
26 Sep 201410525499The Bhagyodaya Co-Op. Bank Ltd.₹15 LakhSatisfied
26 Sep 201410536230Hdfc Bank Limited₹10.95 LakhSatisfied
20 Sep 201410525496The Bhagyodaya Co-Op. Bank Ltd.₹5 LakhSatisfied

To see the full charge records of Arex Industries Limited, buy the company report.

Total charge records: 17 View all charges

Deals & funding

Arex Industries Limited has 8 deals on record (8 market trades); the latest was in February 2024.

Total deals
8
Market trades
8

Deals on record (5 of 8)

WhenDealAmountParties
Feb 2024Market trade₹79 LakhBuyer: an individual
Seller: 2 individuals
Jun 2023Market trade₹66.7 LakhBuyer: an individual
Seller: an individual
Jun 2023Market trade₹3.09 CrBuyer: 2 individuals
Seller: 2 individuals
Dec 2022Market trade₹90.8 LakhBuyer: an individual
Seller: Vinod Somani Huf
Dec 2022Market trade₹28.6 LakhSeller: an individual

To see the full deal history of Arex Industries Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Arex Industries Limited was last rated by Care on 24 Aug 2022.

Rating agencyRated onRating
Care24 Aug 2022

To see the full credit ratings and regulatory alerts of Arex Industries Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Arex Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Arex Industries has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AADCA0424C1ZLGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Arex Industries Limited, buy the company report.

Recent activity

Arex Industries Limited has 21 board changes on record since 1990: 10 appointments and 11 cessations. The latest: Manoj Uttam Shah ceased to be Additional Director on 29 Sep 2024.

Charges
A charge with State Bank Of India of Rs. 5.59 Cr registered on 28 Nov 1994 with Charge ID 80014816 was modified on 01 Jun 2026.
Charges
A charge with State Bank Of India of Rs. 5.59 Cr registered on 28 Nov 1994 with Charge ID 80014832 was modified on 01 Jun 2026.
Filing
Arex Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Arex Industries Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Manoj Uttam Shah ceased to be Additional Director.
Ceased
Rekha Agarwal ceased to be Additional Director.
Ceased
Sunil Bansibhai Shah ceased to be Additional Director.
Ceased
Balkrishna Ishwarlal Makwana ceased to be Director.
Appointed
Manoj Uttam Shah was appointed as Director.
Appointed
Rekha Agarwal was appointed as Director.
Appointed
Sunil Bansibhai Shah was appointed as Director.
Ceased
Vasant Ravji Shah ceased to be Director.

46 earlier events are in the company report.

Frequently asked questions

Arex Industries is an active public limited company based in Gandhinagar, Gujarat, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 10 May 1989 (37+ years old) and is registered under CIN L14101GJ1989PLC012213. Listed on BSE: 526851.

Arex Industries reported revenue of ₹49.64 Cr for FY 2025-26 (down 2.9% YoY) based on standalone financials.

Arex Industries has 9 current directors:

The latest financial statements of Arex Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Arex Industries is 24AADCA0424C1ZL, registered in Gujarat.

The CIN (Corporate Identification Number) of Arex Industries is L14101GJ1989PLC012213. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Arex Industries is a listed company as per MCA records. Its shares are listed on BSE (code: 526851).

Arex Industries has 4 court cases on record: 2 filed by the company and 2 filed against it. Most are in the district courts.

Arex Industries was incorporated on 10 May 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Arex Industries has 8 deals on record (8 market trades); the latest was in February 2024.

The peers of Arex Industries by revenue are Kutti Spinners Private Limited, Nellimarla Jute Mills Co Ltd, Tirupathi Yarntex Spinners Private Limited, all in the Cleantech industry (Wind Power, Woven Products), with the same principal business activity (textile, leather and other apparel products).