Silkflex

Howrah, India Founded: 2016 • Age: 10 yrs Listed

Textile printing inks and wood-coating polymers are manufactured.

Page last updated 06 Jul 2026

About Silkflex

Silkflex is a publicly listed company based in Howrah (India) founded in 2016 by Tushar Lalit Kumar Sanghavi and Lalit Kumar Hargovinddas Sanghavi. It operates as a textile printing inks and wood-coating polymers are manufactured. The company has 1 employees. Its chief executive is Tushar Lalit Kumar Sanghavi. Its Indian entity Silkflex Polymers (India) Limited reported revenue of ₹80.51 Cr. Its focus areas include Chemicals and Materials and Polymers.

Company details

Silkflex was established in 2016 in Howrah, India, within the manufacturing sector focused on chemical products. Textile printing inks are produced as the primary offering, alongside wood-coating polymer solutions. Operations are centered in India, serving industrial applications in textiles and coatings. Leadership includes co-founders Tushar Lalit Kumar Sanghavi as CEO and Lalit Kumar Hargovinddas Sanghavi, with the company registered under relevant Indian business identifiers.

Headquarters Howrah, India
Employees 1
Founders Tushar Lalit Kumar Sanghavi, Lalit Kumar Hargovinddas Sanghavi
Stage Public
Sectors
Chemicals & Materials
Email
••••••••
Phone
•••• ••••
Website silkflexindia.in
Social LinkedIn
Legal Name Silkflex Polymers (India) Ltd.

Operational Areas

Chemicals & Materials → Polymers & Plastics

Key Metrics

Market Cap
₹293 Cr
SILKFLEX-SM · NSE
Share Price
₹260.00
+3.13% today
Revenue
₹110 Cr
FY 2025-26 · +37.7% YoY
EBITDA
₹22.00 Cr
Margin 20.0%
Net Profit
₹12.13 Cr
FY 2025-26 · +73.3% YoY
P/E (TTM)
24.9x
P/B 6.4x
ROE
29.2%
ROCE 22.2%
Debt / Equity
1.19
Interest cover 21.8x
Employee Count
1

Associated legal entities of Silkflex

Silkflex is associated with 2 registered companies on The Company Check; the primary company is Silkflex Polymers (India) Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.

Legal entity	Status	Incorporated	Registered in	Revenue (FY 2025)	Employees	Directors	Company page
Silkflex Polymers (India) Limited Listed CIN L51909WB2016PLC215739	Active	13 May 2016	Howrah, West Bengal	₹80.5 Cr	–	8	View details
Silkflex Polymers (India) Limited CIN U51909WB2016PLC215739	–	13 May 2016	Howrah, West Bengal, India	–	–	–	View details

Board of directors of Silkflex Polymers (India) Limited (Silkflex)

Silkflex Polymers (India) Limited is the primary company behind Silkflex. The board of Silkflex Polymers (India) Limited currently have 6 directors; the longest-serving is Tushar Lalit Kumar Sanghavi, appointed in 2016. 3 earlier directors have ceased.

Director	Designation	Appointed	Tenure	Entity
Tushar Lalit Kumar Sanghavi DIN 07476030	Managing Director	13 May 2016	10 yrs 5 mo	Silkflex Polymers (India) Limited
Urmi Raj Mehta DIN 09008119	Whole-time director	22 Dec 2020	5 yrs 9 mo	Silkflex Polymers (India) Limited
Atanu Bhuniya DIN 10141352	Director	03 May 2023	3 yrs 5 mo	Silkflex Polymers (India) Limited
Hardikkumar Dasharathbhai Patel DIN 10388882	Director	23 Dec 2023	2 yrs 9 mo	Silkflex Polymers (India) Limited
Raj Nitin Mehta DIN 11225342	Director	25 Sep 2025	1 yr	Silkflex Polymers (India) Limited
Krishan Kumar Jaisansariya DIN 11391586	Director	25 Mar 2026	6 mo	Silkflex Polymers (India) Limited

People of Silkflex

2 people are tracked at Silkflex (2 in leadership); the tracked headcount is 1.

Name	Role	Group
Tushar Lalit Kumar Sanghavi	Co-Founder & CEO	Leadership
Lalit Kumar Hargovinddas Sanghavi	Co-Founder	Leadership

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IPO & Listings of Silkflex

Silkflex is a publicly listed company on the NSE with ticker symbol SILKFLEX in India, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

IPO date15 May 2024
Listed onNSE: SILKFLEX
Listed entitySilkflex Polymers (India) Ltd.
Exchange sectorDistribution services
ISININE0STN01015
Share price₹247.50 (-4.07% on the day) · 2026-10-14
Market capitalisation₹296 Cr
Price to earnings23.6
EPS (diluted, trailing year)₹10.47
Volume (last session)5,000

Financials of Silkflex

Exchange-reported figures of Silkflex Polymers (India) Limited, the listed company behind Silkflex (NSE: SILKFLEX-SM).

Financial Highlights

FY 2025-26 · Standalone

Revenue

₹110 Cr

+37.7% YoY

EBITDA

₹22.00 Cr

+85.8% YoY

Profit After Tax

₹12.13 Cr

+73.3% YoY

Net Worth

₹47.55 Cr

+33.5% YoY

Total Assets

₹112 Cr

+52.2% YoY

Total Debt

₹62.46 Cr

+72.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Income statement
Revenue	110	79.99	50.25	44.30	27.82	20.75	20.52
Revenue growth	+37.7%	+59.2%	+13.4%	+59.2%	+34.1%	+1.1%	-
EBITDA	22.00	11.84	7.17	2.40	1.62	1.25	0.81
EBITDA margin	+20.0%	+14.8%	+14.3%	+5.4%	+5.8%	+6.0%	+4.0%
Profit before tax	16.33	9.40	5.25	1.11	0.90	0.61	0.46
Net profit	12.13	7.00	3.93	0.83	0.67	0.45	0.34
Net profit margin	+11.0%	+8.8%	+7.8%	+1.9%	+2.4%	+2.2%	+1.7%
EPS (₹)	10.47	6.03	4.84	3.32	2.74	2.21	2.32
Balance sheet
Total assets	112	73.76	29.18	21.88	17.45	11.36	8.34
Net worth	47.55	35.62	12.27	8.33	7.38	5.13	2.74
Total debt	62.46	36.27	15.16	13.55	9.94	6.12	5.60
Cash & bank	4.02	1.83	0.06	0.04	0.04	0.05	0.05
Net working capital	39.84	48.40	15.13	16.33	12.70	6.99	5.60
Cash flow
Cash from operations	29.15	(23.54)	8.58	(0.95)	(4.29)	(0.17)	(0.09)
Cash from investing	(49.20)	(11.57)	(8.59)	(1.17)	(0.37)	(1.49)	(1.79)
Cash from financing	22.06	35.14	0.03	2.11	4.64	1.66	1.88

Particulars	Mar 2026	Dec 2025	Sep 2025	Mar 2025	Dec 2024	Mar 2024	Dec 2023
Revenue	39.07	33.54	18.80	13.03	31.83	16.79	9.75
Revenue growth (YoY)	+199.9%	+5.4%	-	-22.4%	+226.5%	-	-
Other income	0.13	0.12	0.18	0.22	0.00	(0.08)	0.21
Total expenses	30.06	26.43	15.98	10.25	28.75	14.52	8.00
EBITDA	9.01	7.11	2.82	2.78	3.08	2.27	1.75
EBITDA margin	+23.1%	+21.2%	+15.0%	+21.3%	+9.7%	+13.5%	+17.9%
Depreciation	1.08	0.58	0.11	0.14	0.05	(0.25)	0.24
Interest	1.83	1.15	0.58	0.80	0.55	0.63	0.52
Profit before tax	6.23	5.50	2.31	2.06	2.48	1.81	1.20
Tax	1.57	1.44	0.58	0.66	0.62	0.44	0.39

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026

Particulars	Mar 2026	Dec 2025	Sep 2025	Mar 2025	Dec 2024	Mar 2024	Dec 2023
Revenue	39.07	33.54	18.80	13.03	31.83	16.79	9.75
Revenue growth (YoY)	+199.9%	+5.4%	-	-22.4%	+226.5%	-	-
Other income	0.13	0.12	0.18	0.22	0.00	(0.08)	0.21
Total expenses	30.06	26.43	15.98	10.25	28.75	14.52	8.00
EBITDA	9.01	7.11	2.82	2.78	3.08	2.27	1.75
EBITDA margin	+23.1%	+21.2%	+15.0%	+21.3%	+9.7%	+13.5%	+17.9%
Depreciation	1.08	0.58	0.11	0.14	0.05	(0.25)	0.24
Interest	1.83	1.15	0.58	0.80	0.55	0.63	0.52
Profit before tax	6.23	5.50	2.31	2.06	2.48	1.81	1.20
Tax	1.57	1.44	0.58	0.66	0.62	0.44	0.39

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Revenue	110	79.99	50.25	44.30	27.82	20.75	20.52
Revenue growth	+37.7%	+59.2%	+13.4%	+59.2%	+34.1%	+1.1%	-
Other income	0.59	0.50	0.25	0.21	0.22	0.21	0.04
Total expenses	88.18	68.15	43.08	41.90	26.20	19.50	19.71
Employee cost	1.95	1.68	1.91	1.11	0.98	0.89	0.72
EBITDA	22.00	11.84	7.17	2.40	1.62	1.25	0.81
EBITDA margin	+20.0%	+14.8%	+14.3%	+5.4%	+5.8%	+6.0%	+4.0%
Depreciation	1.88	0.38	0.48	0.40	0.21	0.05	0.06
Interest	4.38	2.56	1.69	1.10	0.73	0.80	0.33
Profit before tax	16.33	9.40	5.25	1.11	0.90	0.61	0.46
Tax	4.17	2.40	1.32	0.28	0.23	0.16	0.12
Net profit	12.13	7.00	3.93	0.83	0.67	0.45	0.34
Net profit margin	+11.0%	+8.8%	+7.8%	+1.9%	+2.4%	+2.2%	+1.7%
EPS (₹)	10.47	6.03	4.84	3.32	2.74	2.21	2.32

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Equity & liabilities
Share capital	11.61	11.61	8.13	2.50	2.50	2.05	1.50
Reserves & surplus	35.94	24.01	4.14	5.83	4.88	3.08	1.24
Shareholders' funds (net worth)	47.55	35.62	12.27	8.33	7.38	5.13	2.74
Secured loans	50.08	31.29	14.38	10.20	8.48	2.72	0.00
Unsecured loans	12.38	4.98	0.78	3.35	1.46	3.40	5.60
Total debt	62.46	36.27	15.16	13.55	9.94	6.12	5.60
Total liabilities	112	73.76	29.18	21.88	17.45	11.36	8.34
Assets
Gross block	69.89	13.40	12.57	4.81	3.85	1.65	1.35
Net block	66.37	11.75	11.30	4.02	3.46	1.47	1.22
Capital work in progress	6.06	5.09	0.93	0.00	0.00	1.15	0.00
Investments	0.00	0.00	0.00	1.40	1.13	1.60	1.38
Inventories	29.47	30.13	16.25	14.64	11.19	5.22	4.06
Sundry debtors	19.56	10.13	5.84	2.10	2.21	2.77	2.29
Cash & bank balances	4.02	1.83	0.06	0.04	0.04	0.05	0.05
Loans & advances	5.87	15.22	2.13	1.39	1.50	0.73	0.51
Total current assets	58.92	57.31	24.28	18.17	14.94	8.77	6.91
Total current liabilities	19.08	8.91	9.15	1.84	2.24	1.78	1.31
Net working capital	39.84	48.40	15.13	16.33	12.70	6.99	5.60
Total assets	112	73.76	29.18	21.88	17.45	11.36	8.34

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Opening cash	0.09	0.06	0.04	0.04	0.05	0.05	0.06
Net cash from operating activities	29.15	(23.54)	8.58	(0.95)	(4.29)	(0.17)	(0.09)
Net cash from investing activities	(49.20)	(11.57)	(8.59)	(1.17)	(0.37)	(1.49)	(1.79)
Net cash from financing activities	22.06	35.14	0.03	2.11	4.64	1.66	1.88
Net change in cash	2.00	0.03	0.02	0.00	(0.01)	0.00	0.00
Closing cash	4.02	1.83	0.06	0.04	0.04	0.05	0.05

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Growth
Sales growth	+37.7%	+59.2%	+13.4%	+59.2%	+34.1%	+1.1%	-
EBITDA growth	+85.8%	+65.1%	+198.8%	+48.2%	+29.6%	+54.3%	-
PBT growth	+73.7%	+79.1%	+373.0%	+23.3%	+47.5%	+32.6%	+9997.0%
Net income growth	+73.3%	+78.1%	+373.5%	+23.9%	+48.9%	+32.4%	-
Revenue CAGR (3Y)	+35.5%	+42.2%	+34.3%	+29.2%	-	-	-
EBITDA CAGR (3Y)	+109.3%	+94.1%	+79.0%	+43.6%	-	-	-
Profitability & leverage
Net income margin	+11.0%	+8.8%	+7.8%	+1.9%	+2.4%	+2.2%	+1.7%
Return on capital employed	+22.3%	+23.2%	+27.2%	+11.2%	+11.5%	+14.2%	+9.6%
Return on net worth	+29.2%	+29.2%	+38.2%	+10.6%	+11.0%	+11.4%	+12.8%
Debt / equity	1.19	1.07	1.39	1.49	1.28	1.49	2.04
Long-term debt / equity	0.65	0.38	0.15	0.26	0.49	0.72	0.58
Interest cover	21.77	22.34	25.26	55.00	51.77	66.67	44.00
Efficiency & per share
Fixed asset turnover	2.65	6.16	5.78	10.23	10.12	13.83	15.20
Inventory turnover	3.70	3.45	3.25	3.43	3.39	4.47	5.05
Debtors turnover	7.42	10.02	12.66	20.56	11.17	8.20	8.96
EPS (₹)	10.47	6.03	4.84	3.32	2.74	2.21	2.32
Dividend per share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	40.96	30.68	15.09	33.32	29.52	24.99	18.27

Top companies in Polymers & Plastics

10 companies that operate in the same segment as Silkflex (Polymers & Plastics), ranked by their profile score on The Company Check.

Company	Description	Founded	Location	Total funding	Revenue	Employees
Polyplex	Thin PET films are manufactured for industrial applications worldwide.	1984	Noida, Uttar Pradesh, India	–	USD 754.18 M	1,320
Berry Global	Plastic packaging and protective solutions are manufactured globally.	1967	Evansville, Indiana, United States	–	–	–
Trelleborg	Trelleborg is recognized as a leader in engineered polymer solutions.	1905	Rome, Lazio, Italy	–	USD 3.73 B	15,890
Synthomer	Developer and supplier of acrylic and vinyl emulsions polymers	1863	London, England, United Kingdom	USD 370 M	USD 2.34 B	4,100
Borealis	Polyolefin and base chemical solutions are manufactured for various industries.	1994	Vienna, Austria	–	–	–
SEKISUI CHEMICAL	Resins, medical products, adhesives, plastics, and chemicals are manufactured.	1947	Osaka, Osaka Prefecture, Japan	–	USD 371.95 K	–
Sheela Group	Manufacturer of mattress and foam products	1971	Noida, Uttar Pradesh, India	–	USD 406.72 M	4,620
Garwarehitechfilms	Specialty polyester films are manufactured for diverse industrial applications.	–	United Kingdom	–	–	–
Itaconix	Plant-based specialty ingredients are manufactured for consumer products.	2005	Stratham, New Hampshire, United States	USD 23.62 M	USD 10.73 M	–
The Badve Group	Manufacturing of automotive components and white goods in India.	1989	Pune, Maharashtra, India	–	–	–

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Frequently Asked Questions about Silkflex

When was Silkflex founded?

Silkflex was founded in 2016.

Where is Silkflex located?

Silkflex is headquartered in Howrah, India. It is registered at Howrah, West Bengal, India.

Who is the current CEO of Silkflex?

Tushar Lalit Kumar Sanghavi is the current CEO of Silkflex. They have also founded this company.

How many employees does Silkflex have?

Silkflex has 1 employees.

What is the annual revenue of Silkflex?

The primary company behind Silkflex, Silkflex Polymers (India) Limited, reported revenue of ₹80.51 Cr for FY 2025, up 59% year on year.

What does Silkflex do?

Is Silkflex publicly traded?

Yes, Silkflex is publicly traded on NSE under the ticker symbol SILKFLEX.

Which legal entities are associated with Silkflex?

Silkflex operates through Silkflex Polymers (India) Limited.

Who are the directors of Silkflex?

The legal entities of Silkflex currently have 7 directors, including Tushar Lalit Kumar Sanghavi, Urmi Raj Mehta, Raj Nitin Mehta and others.