Silkflex

Howrah, India Founded: 2016 • Age: 10 yrs Listed
Textile printing inks and wood-coating polymers are manufactured.
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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. Textile printing inks and wood-coating polymers are manufactured. The company has 1 employees. Its chief executive, as recorded, is Tushar Lalit Kumar Sanghavi. Its Indian entity Silkflex Polymers (India) Limited reported revenue of ₹111 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
    ₹245.10

    -2.78% 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

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.

DirectorDesignationAppointedTenureEntity
Tushar Lalit Kumar Sanghavi
DIN 07476030
Managing Director13 May 201610 yrs 5 moSilkflex Polymers (India) Limited
Urmi Raj Mehta
DIN 09008119
Whole-time director22 Dec 20205 yrs 9 moSilkflex Polymers (India) Limited
Atanu Bhuniya
DIN 10141352
Director03 May 20233 yrs 5 moSilkflex Polymers (India) Limited
Hardikkumar Dasharathbhai Patel
DIN 10388882
Director23 Dec 20232 yrs 9 moSilkflex Polymers (India) Limited
Raj Nitin Mehta
DIN 11225342
Director25 Sep 20251 yrSilkflex Polymers (India) Limited
Krishan Kumar Jaisansariya
DIN 11391586
Director25 Mar 20266 moSilkflex Polymers (India) Limited

People of Silkflex

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

NameRoleGroup
Tushar Lalit Kumar Sanghavi
Co-Founder & CEOLeadership
Lalit Kumar Hargovinddas Sanghavi
Co-FounderLeadership
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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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue11079.9950.2544.3027.8220.7520.52
Revenue growth+37.7%+59.2%+13.4%+59.2%+34.1%+1.1%-
EBITDA22.0011.847.172.401.621.250.81
EBITDA margin+20.0%+14.8%+14.3%+5.4%+5.8%+6.0%+4.0%
Profit before tax16.339.405.251.110.900.610.46
Net profit12.137.003.930.830.670.450.34
Net profit margin+11.0%+8.8%+7.8%+1.9%+2.4%+2.2%+1.7%
EPS (₹)10.476.034.843.322.742.212.32
Balance sheet
Total assets11273.7629.1821.8817.4511.368.34
Net worth47.5535.6212.278.337.385.132.74
Total debt62.4636.2715.1613.559.946.125.60
Cash & bank4.021.830.060.040.040.050.05
Net working capital39.8448.4015.1316.3312.706.995.60
Cash flow
Cash from operations29.15(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 financing22.0635.140.032.114.641.661.88
ParticularsMar 2026Dec 2025Sep 2025Mar 2025Dec 2024Mar 2024Dec 2023
Revenue39.0733.5418.8013.0331.8316.799.75
Revenue growth (YoY)+199.9%+5.4%--22.4%+226.5%--
Other income0.130.120.180.220.00(0.08)0.21
Total expenses30.0626.4315.9810.2528.7514.528.00
EBITDA9.017.112.822.783.082.271.75
EBITDA margin+23.1%+21.2%+15.0%+21.3%+9.7%+13.5%+17.9%
Depreciation1.080.580.110.140.05(0.25)0.24
Interest1.831.150.580.800.550.630.52
Profit before tax6.235.502.312.062.481.811.20
Tax1.571.440.580.660.620.440.39

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
ParticularsMar 2026Dec 2025Sep 2025Mar 2025Dec 2024Mar 2024Dec 2023
Revenue39.0733.5418.8013.0331.8316.799.75
Revenue growth (YoY)+199.9%+5.4%--22.4%+226.5%--
Other income0.130.120.180.220.00(0.08)0.21
Total expenses30.0626.4315.9810.2528.7514.528.00
EBITDA9.017.112.822.783.082.271.75
EBITDA margin+23.1%+21.2%+15.0%+21.3%+9.7%+13.5%+17.9%
Depreciation1.080.580.110.140.05(0.25)0.24
Interest1.831.150.580.800.550.630.52
Profit before tax6.235.502.312.062.481.811.20
Tax1.571.440.580.660.620.440.39
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue11079.9950.2544.3027.8220.7520.52
Revenue growth+37.7%+59.2%+13.4%+59.2%+34.1%+1.1%-
Other income0.590.500.250.210.220.210.04
Total expenses88.1868.1543.0841.9026.2019.5019.71
Employee cost1.951.681.911.110.980.890.72
EBITDA22.0011.847.172.401.621.250.81
EBITDA margin+20.0%+14.8%+14.3%+5.4%+5.8%+6.0%+4.0%
Depreciation1.880.380.480.400.210.050.06
Interest4.382.561.691.100.730.800.33
Profit before tax16.339.405.251.110.900.610.46
Tax4.172.401.320.280.230.160.12
Net profit12.137.003.930.830.670.450.34
Net profit margin+11.0%+8.8%+7.8%+1.9%+2.4%+2.2%+1.7%
EPS (₹)10.476.034.843.322.742.212.32
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital11.6111.618.132.502.502.051.50
Reserves & surplus35.9424.014.145.834.883.081.24
Shareholders' funds (net worth)47.5535.6212.278.337.385.132.74
Secured loans50.0831.2914.3810.208.482.720.00
Unsecured loans12.384.980.783.351.463.405.60
Total debt62.4636.2715.1613.559.946.125.60
Total liabilities11273.7629.1821.8817.4511.368.34
Assets
Gross block69.8913.4012.574.813.851.651.35
Net block66.3711.7511.304.023.461.471.22
Capital work in progress6.065.090.930.000.001.150.00
Investments0.000.000.001.401.131.601.38
Inventories29.4730.1316.2514.6411.195.224.06
Sundry debtors19.5610.135.842.102.212.772.29
Cash & bank balances4.021.830.060.040.040.050.05
Loans & advances5.8715.222.131.391.500.730.51
Total current assets58.9257.3124.2818.1714.948.776.91
Total current liabilities19.088.919.151.842.241.781.31
Net working capital39.8448.4015.1316.3312.706.995.60
Total assets11273.7629.1821.8817.4511.368.34
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.090.060.040.040.050.050.06
Net cash from operating activities29.15(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 activities22.0635.140.032.114.641.661.88
Net change in cash2.000.030.020.00(0.01)0.000.00
Closing cash4.021.830.060.040.040.050.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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 / equity1.191.071.391.491.281.492.04
Long-term debt / equity0.650.380.150.260.490.720.58
Interest cover21.7722.3425.2655.0051.7766.6744.00
Efficiency & per share
Fixed asset turnover2.656.165.7810.2310.1213.8315.20
Inventory turnover3.703.453.253.433.394.475.05
Debtors turnover7.4210.0212.6620.5611.178.208.96
EPS (₹)10.476.034.843.322.742.212.32
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)40.9630.6815.0933.3229.5224.9918.27

Top companies in Polymers & Plastics

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

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Polyplex
Thin PET films are manufactured for industrial applications worldwide.
1984Noida, Uttar Pradesh, IndiaUSD 754.18 M1,320
Sheela Group
Manufacturer of mattress and foam products
1971Noida, Uttar Pradesh, IndiaUSD 406.72 M4,620
The Badve Group
Manufacturing of automotive components and white goods in India.
1989Pune, Maharashtra, India
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Frequently Asked Questions about Silkflex

Silkflex was founded in 2016.

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

Tushar Lalit Kumar Sanghavi is the CEO of Silkflex, as recorded in our data. They have also founded this company.

Silkflex has 1 employees.

The primary company behind Silkflex, Silkflex Polymers (India) Limited, reported revenue of ₹111 Cr for FY 2026, up 38% year on year.

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.

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

Silkflex operates through Silkflex Polymers (India) Limited.

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

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