Sabar Flex India Limited - packaging in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L22209GJ2018PLC102720 Incorporated 07 June 2018 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: SABAR Public Limited Company packaging MSME · Medium
Data last updated
Market Cap
₹17.88 Cr
SABAR-ST · NSE
Share Price
₹9.35
0.00% today
Revenue
₹104 Cr
FY 2025-26 · -29.4% YoY
EBITDA
₹1.89 Cr
Margin 1.8%
Net Profit
₹0.10 Cr
FY 2025-26 · -85.9% YoY
P/E (TTM)
178.0x
P/B 0.2x
ROE
0.1%
ROCE 0.9%
Debt / Equity
0.38
Interest cover 105.0x

About Sabar Flex India Limited

Data last updated:

Sabar Flex India Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 07 June 2018 and has been in existence for over 8 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L22209GJ2018PLC102720. Its GSTIN is 24ABACS4202Q1ZB (Gujarat). It is a listed company as per MCA records. Its shares are listed on NSE: SABAR.

The company has an authorised share capital of ₹24.92 Cr and a paid-up capital of ₹19.22 Cr. It is led by directors including Hikmatbahadur Krishabahadur Kunwar (Managing Director) and Deepika Chauhan.

Its last annual general meeting (AGM) was held on 30 November 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹104.35 Cr, a decline of 29.4% compared to the previous year. For the same year it recorded a net profit of ₹10 Lakh (net margin 0.1%) and EBITDA of ₹1.89 Cr (EBITDA margin 1.8%). The net worth stands at ₹120.87 Cr (up 222.8% YoY). Total assets are valued at ₹156.25 Cr (up 149.2% YoY).

The company has about 30 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Sabarflex. As per MCA filings, the company has open charges of ₹37.39 Cr and satisfied charges of ₹10.39 Cr on record. Court records list 66 cases involving the company, including 4 filed by the company and 62 filed against it; 15 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 ipo); the latest was in September 2022. Its 3 peer companies in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 1 larger and 2 smaller; the largest is Jumbo Bag Limited with revenue of ₹126.72 Cr.

Sabar Flex India Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0047119). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sabarflex.com.

Company details

CIN L22209GJ2018PLC102720
Registration Number 102720
Incorporation Date 07 June 2018
ROC Ahmedabad
Listing Status Listed (NSE: SABAR)
Company Status Active
Date of Last AGM 30 November 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0047119

CIN history

Sabar Flex India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L22209GJ2018PLC102720, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L22209GJ2018PLC102720Current
L25209GJ2018PLC102720Previous
U25209GJ2018PLC102720Previous

Recognitions & Rankings of Sabar Flex India

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-01-0047119

Contact details

Sabar Flex India Limited's registered office is in Ahmedabad, Gujarat.

  • Registered Address
    B/1/104 Palledium Nr. Orchid Wood Opp. Divya Bhaskar Corporate Road Prah, Ladnagar, Ahmedabad, Gujarat, India – 380015
  • Industry
    Packaging, Industrial Packaging Solutions
Comprehensive company report
Sabar Flex India 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
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Brands

Sabar Flex India operates one associated brand: Sabarflex. Each brand links to its own profile.

BrandDescriptionWebsite
Manufacturer of flexible packaging materials and printing inkssabarflex.com

Business activity

The main business activity of Sabar Flex India is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Sabar Flex India Limited, buy the company report.

Financials of Sabar Flex India Limited

FY 2025-26 filings available

Sabar Flex India Limited reported revenue of ₹104.35 Cr (down 29.4% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹104 Cr
-29.4% YoY
EBITDA
₹1.89 Cr
-58.5% YoY
Profit After Tax
₹0.10 Cr
-85.9% YoY
Net Worth
₹121 Cr
+222.8% YoY
Total Assets
₹156 Cr
+149.2% YoY
Total Debt
₹35.12 Cr
+40.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25
Income statement
Revenue104148
Revenue growth-29.4%-
EBITDA1.894.55
EBITDA margin+1.8%+3.1%
Profit before tax0.271.03
Net profit0.100.71
Net profit margin+0.1%+0.5%
EPS (₹)0.130.37
Balance sheet
Total assets15662.69
Net worth12137.45
Total debt35.1225.01
Cash & bank0.100.24
Net working capital14651.89
Cash flow
Cash from operations(8.96)(5.47)
Cash from investing(0.44)(0.15)
Cash from financing9.275.67
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue10414812695.2872.3673.9263.59
Revenue growth-29.4%+17.1%+32.4%+31.7%-2.1%+16.2%-
EBITDA1.894.559.565.414.884.453.57
EBITDA margin+1.8%+3.1%+7.6%+5.7%+6.7%+6.0%+5.6%
Profit before tax0.271.036.012.031.681.891.19
Net profit0.260.714.341.831.581.390.88
Net profit margin+0.3%+0.5%+3.4%+1.9%+2.2%+1.9%+1.4%
EPS (₹)0.100.372.271.211.451.270.82
Balance sheet
Total assets65.4362.6954.7747.4940.1438.1132.92
Net worth37.7137.4532.4621.6215.3213.9812.58
Total debt27.4625.0122.0925.5824.5823.9120.19
Cash & bank0.060.240.180.280.190.300.08
Net working capital53.6051.8943.0134.6030.7229.4624.68
Cash flow
Cash from operations0.26(5.47)(0.77)1.303.44(0.37)(4.22)
Cash from investing(2.06)(0.15)(0.01)(4.48)(2.28)(1.20)(0.26)
Cash from financing1.625.670.683.27(1.27)1.794.47
ParticularsMar 2022Dec 2021
Revenue31.3613.13
Other income(0.12)0.13
Total expenses29.7411.99
EBITDA1.621.14
EBITDA margin+5.2%+8.7%
Depreciation0.170.18
Interest0.760.66
Profit before tax0.570.43
Tax(0.20)0.26

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 27 Oct 2026
ParticularsFY 2025-26FY 2024-25
Revenue104148
Revenue growth-29.4%-
Other income0.310.00
Total expenses102143
Employee cost1.361.37
EBITDA1.894.55
EBITDA margin+1.8%+3.1%
Depreciation1.091.09
Interest0.842.43
Profit before tax0.271.03
Tax0.010.32
Net profit0.100.71
Net profit margin+0.1%+0.5%
EPS (₹)0.130.37
ParticularsFY 2025-26FY 2024-25
Equity & liabilities
Share capital19.2219.22
Reserves & surplus98.2314.81
Shareholders' funds (net worth)12137.45
Minority interest0.000.00
Secured loans17.0114.90
Unsecured loans18.1110.11
Total debt35.1225.01
Total liabilities15662.69
Assets
Gross block17.5417.33
Net block10.5011.34
Capital work in progress0.000.00
Investments0.200.00
Inventories19.5620.72
Sundry debtors77.2637.45
Cash & bank balances0.100.24
Loans & advances84.074.65
Total current assets18163.06
Total current liabilities34.9511.17
Net working capital14651.89
Total assets15662.69
ParticularsFY 2025-26FY 2024-25
Opening cash0.240.18
Net cash from operating activities(8.96)(5.47)
Net cash from investing activities(0.44)(0.15)
Net cash from financing activities9.275.67
Net change in cash(0.13)0.06
Closing cash0.100.24
ParticularsFY 2025-26FY 2024-25
Growth
Sales growth-29.4%-
EBITDA growth-58.5%-
PBT growth-73.8%+9997.0%
Net income growth-85.9%-
Profitability & leverage
Net income margin+0.3%+0.5%
Return on capital employed+0.9%+5.5%
Return on net worth+0.1%+1.9%
Debt / equity0.380.67
Long-term debt / equity0.180.27
Interest cover105.0070.23
Efficiency & per share
Fixed asset turnover5.998.52
Inventory turnover5.187.13
Debtors turnover1.823.94
EPS (₹)0.130.37
Dividend per share (₹)0.000.00
Book value per share (₹)61.1117.71
ParticularsMar 2022Dec 2021
Revenue31.3613.13
Other income(0.12)0.13
Total expenses29.7411.99
EBITDA1.621.14
EBITDA margin+5.2%+8.7%
Depreciation0.170.18
Interest0.760.66
Profit before tax0.570.43
Tax(0.20)0.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue10414812695.2872.3673.9263.59
Revenue growth-29.4%+17.1%+32.4%+31.7%-2.1%+16.2%-
Other income0.310.000.210.010.010.060.05
Total expenses10214311789.8767.4869.4760.02
Employee cost0.001.371.922.752.672.222.17
EBITDA1.894.559.565.414.884.453.57
EBITDA margin+1.8%+3.1%+7.6%+5.7%+6.7%+6.0%+5.6%
Depreciation1.091.091.120.840.700.620.58
Interest0.842.432.642.552.512.001.85
Profit before tax0.271.036.012.031.681.891.19
Tax0.010.321.670.200.100.500.31
Net profit0.260.714.341.831.581.390.88
Net profit margin+0.3%+0.5%+3.4%+1.9%+2.2%+1.9%+1.4%
EPS (₹)0.100.372.271.211.451.270.82
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital19.2219.2219.1215.0711.0011.0011.00
Reserves & surplus15.0714.8113.346.554.322.981.58
Shareholders' funds (net worth)37.7137.4532.4621.6215.3213.9812.58
Secured loans17.0114.9015.3417.2018.4817.5015.04
Unsecured loans10.4510.116.758.386.106.415.15
Total debt27.4625.0122.0925.5824.5823.9120.19
Total liabilities65.4362.6954.7747.4940.1438.1132.92
Assets
Gross block17.1817.3317.1817.2112.7310.559.35
Net block10.1411.3412.2913.419.778.868.28
Capital work in progress0.000.000.000.000.000.000.00
Investments2.170.000.000.000.000.000.00
Inventories19.5620.7221.2019.6426.2122.0817.67
Sundry debtors43.8937.4529.4818.0713.5618.3212.75
Cash & bank balances0.060.240.180.280.190.300.08
Loans & advances3.044.650.662.371.711.871.87
Total current assets66.5563.0651.5240.3641.6742.5732.37
Total current liabilities12.9511.178.515.7610.9513.117.69
Net working capital53.6051.8943.0134.6030.7229.4624.68
Total assets65.4362.6954.7747.4940.1438.1132.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.240.180.280.190.300.080.09
Net cash from operating activities0.26(5.47)(0.77)1.303.44(0.37)(4.22)
Net cash from investing activities(2.06)(0.15)(0.01)(4.48)(2.28)(1.20)(0.26)
Net cash from financing activities1.625.670.683.27(1.27)1.794.47
Net change in cash(0.17)0.06(0.10)0.09(0.11)0.22(0.02)
Closing cash0.060.240.180.280.190.300.08
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-29.4%+17.1%+32.4%+31.7%-2.1%+16.2%-
EBITDA growth-58.5%-52.4%+76.7%+10.9%+9.7%+24.7%-
PBT growth-73.8%-82.9%+196.1%+20.8%-11.1%+58.8%+13.3%
Net income growth-63.4%-83.6%+137.2%+15.8%+13.7%+58.0%-
Revenue CAGR (3Y)+3.1%+26.9%+19.5%+14.4%+26.0%--
EBITDA CAGR (3Y)-29.6%-2.3%+29.0%+14.9%+24.0%--
Profitability & leverage
Net income margin+0.3%+0.5%+3.4%+1.9%+2.2%+1.9%+1.4%
Return on capital employed-+5.9%+16.9%+10.5%+10.8%+11.0%+10.5%
Return on net worth-+2.0%+16.1%+9.9%+10.9%+10.5%+7.4%
Debt / equity-0.670.881.361.651.661.40
Long-term debt / equity-0.230.270.440.500.440.30
Interest cover105.0070.2331.2855.8060.0552.2261.87
Efficiency & per share
Fixed asset turnover-8.567.346.366.227.436.90
Inventory turnover-7.056.184.163.003.724.20
Debtors turnover-4.415.316.024.544.765.06
EPS (₹)0.100.372.271.211.451.270.82
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0017.7116.9814.3513.9312.7111.44

To see the full year-wise statements and ratios of Sabar Flex India Limited, buy the company report.

Board of directors of Sabar Flex India Limited

Sabar Flex India has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Hikmatbahadur Krishabahadur KunwarManaging Director16 Oct 20215 Years 0 MonthsCurrent
Deepika ChauhanDirector10 Feb 20260 Years 8 MonthsCurrent
Becharsinh Harisinh ChauhanDirector04 Sep 20242 Years 1 MonthsCurrent
Manishbhai Govindbhai ChaudharyDirector04 Sep 20242 Years 1 MonthsCurrent

Peer comparison

Sabar Flex India Limited is compared with the 3 companies closest to it by revenue in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Jumbo Bag Limited₹126.72 Cr (FY 2025)20.0%Chennai, Tamil Nadu, India
Sai Industries Private Limited₹126.28 Cr (FY 2025)18.0%Kolkata, West Bengal, India
Mehrasons Coatings Private Limited₹125.52 Cr (FY 2025)2.0%Delhi, India
Sabar Flex India Limitedthis company₹104.35 Cr (FY 2026)₹10 Lakh0.1%-29.4%Ahmedabad, Gujarat, India

To see the full peer comparison of Sabar Flex India Limited, buy the company report.

Charges & borrowings

Open charges
₹37.39 Cr
Satisfied charges
₹10.39 Cr
Breakdown by lending institutions
Axis Bank Limited₹37.32 Cr
Hdfc Bank Limited₹0.07 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
11 Nov 2022100651090Hdfc Bank Limited₹6.61 LakhOpen
19 Jan 2021100416214Axis Bank Limited₹18.66 CrOpen
31 Jan 2019100246791Axis Bank Limited₹18.66 CrOpen
31 Aug 2018100216977Others₹88.61 LakhSatisfied
07 Jun 2018100209702State Bank of India₹9.5 CrSatisfied

To see the full charge records of Sabar Flex India Limited, buy the company report.

Total charge records: 5 View all charges

Deals & funding

Sabar Flex India Limited has 3 deals on record (2 secondary share transfers, 1 ipo); the latest was in September 2022.

Total deals
3
Secondary share transfers
2
IPO
1

Deals on record (3 of 3)

WhenDealAmountParties
Sep 2022IPO₹4.48 CrInvestors: IPO - Sabar Flex India Limited, Econo Broking Private Limited , Viney Parkash HUF
Mar 2022Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Aug 2018Secondary share transferUndisclosedBuyer: an individual
Seller: 4 individuals

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

MSME payment delays

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

GST

Sabar Flex India has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24ABACS4202Q1ZBGujaratActive10 Jul 2018

To see the full GST registrations and return filing status of Sabar Flex India Limited, buy the company report.

Recent activity

Sabar Flex India Limited has 13 board changes on record since 2021: 4 appointments and 9 cessations. The latest: Deepika Chauhan was appointed as Director on 10 Feb 2026.

Filing
Sabar Flex India Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Appointed
Deepika Chauhan was appointed as Director.
Ceased
Hinil Patel ceased to be Company Secretary.
AGM
Sabar Flex India Limited last Annual general meeting of members was held on 30 Nov 2025 as per latest MCA records.
Ceased
Becharsinh Harisinh Chauhan ceased to be Additional Director.
Ceased
Priyanka K Gola ceased to be Additional Director.
Ceased
Bhavna Shah ceased to be Director.
Ceased
Shubham Jain ceased to be Director.
Ceased
Manoj Kumar Agarwal ceased to be Director.
Ceased
Manishbhai Govindbhai Chaudhary ceased to be Additional Director.
Appointed
Becharsinh Harisinh Chauhan was appointed as Director.
Appointed
Manishbhai Govindbhai Chaudhary was appointed as Director.

13 earlier events are in the company report.

Frequently asked questions

Sabar Flex India is an active public limited company based in Ahmedabad, Gujarat, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 07 June 2018 (8+ years old) and is registered under CIN L22209GJ2018PLC102720. Listed on NSE: SABAR.

Sabar Flex India reported revenue of ₹104.35 Cr for FY 2025-26 (down 29.4% YoY) based on consolidated financials.

Sabar Flex India has 4 current directors:

The latest financial statements of Sabar Flex India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 November 2025. Year-wise statements from FY 2019 are in the company report.

The GSTIN of Sabar Flex India is 24ABACS4202Q1ZB, registered in Gujarat.

The CIN (Corporate Identification Number) of Sabar Flex India is L22209GJ2018PLC102720. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Sabar Flex India is a listed company as per MCA records. Its shares are listed on NSE (symbol: SABAR).

Sabar Flex India has 66 court cases on record: 4 filed by the company and 62 filed against it. 15 are pending. Most are in the district courts.

Sabar Flex India was incorporated on 07 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Sabar Flex India has 3 deals on record (2 secondary share transfers, 1 ipo); the latest was in September 2022.

The peers of Sabar Flex India by revenue are Jumbo Bag Limited, Sai Industries Private Limited, Mehrasons Coatings Private Limited, all in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).