Company Overview

Sabar Flex India Limited is an India-based manufacturer and supplier of flexible packaging materials, widely used for packing food, dairy, cosmetics, pharmaceuticals, chemicals, and agricultural products. Originally incorporated as a Partnership Firm named Sabar Flex Industries on March 6, 2007, in Himatnagar, Gujarat, its status was later converted to a Public Limited Company, and it became Sabar Flex India Limited on June 6, 2018.

Established in 2018, Sabar Flex India Ltd specializes in the conversion of flexible packaging materials, with a focus on gravure printing and the creation of specialized fancy pouches. The company produces a wide array of custom-designed laminate structures for primary packaging of products in solid, powder, or liquid forms, catering to both consumer and bulk packaging needs.

Business Segments and Products

The company operates across diverse industry verticals by offering innovative and custom packaging solutions. With over 20 years of experience, Sabar Flex India Ltd partners with the beverage, food, and gourmet foods industries, providing high-quality products and finishing touches such as brilliant gold and silver colors.

Key product offerings include:

- LDPE Shrink Film: Used for wrapping products across various industries like pharmaceuticals, cosmetics, glass bottles, cans, tins, beverages, tetra packs, cartons, consumer durables, and stationery.

- Liner Bags: Manufactured from virgin grade raw material, these bags act as protective linings inside woven or jute sacks. They are crucial for the Agro-based and Fertilizer industries, protecting contents from insects, moisture, and water, thereby preserving product quality and quantity. They are ideal for commodities such as sugar, tea, coffee, food grains, spices, salt, cereals, fertilizers, and chemicals.

- Mulching Film: Made from High Strength LLDPE and LDPE Material, this film is used to conserve soil moisture, suppress weeds, regulate soil temperature, and prevent water loss through evaporation. Available in various colors like black-black, silver-black, red-black, yellow-black, and white-black.

Manufacturing Capabilities

Sabar Flex India Limited operates three manufacturing plants located in Gujarat. The company has cultivated significant technical expertise over the years, including HD flexographic printing, matte and gloss printing effects, and leading reclose technology. Their in-house capabilities extend to laser scoring, pouch converting, Inno-Lok pre-zippered rollstock, and cold seal application. Sabar Flex India emphasizes producing high-quality ink in-house, which contributes to the superior printing quality appreciated by the market.

Financial Performance

Sabar Flex India Ltd is classified as a Small Cap company. The company has demonstrated strong revenue growth momentum. As of the trailing twelve months (TTM), it recorded an operating revenue of ₹320.83 Crore, exhibiting an outstanding annual revenue growth of 33%. The Pre-tax margin stands at 5%, and the Return on Equity (ROE) is a good 13%.

Over the last 5 years, revenue has grown at a yearly rate of 28.43%, significantly outperforming the industry average of 5.2%. During the same period, the company's market share increased from 0.12% to 0.29%. Net income has seen impressive growth, increasing at a yearly rate of 42.83% over the last 5 years, compared to the industry average of -11.71%. The TTM profit after tax for Sabar Flex India Ltd was ₹4 Crore.

Key Financial Metrics

- Revenue (TTM): ₹320.83 Cr (as of latest available data)

- Net Profit (TTM): ₹4 Cr

- Market Cap: ₹7 Cr (as of June 20, 2025)

- P/E Ratio: 9.90 times (as on June 20, 2025), a 60% discount to its peers' median range of 25.05 times

- P/B Ratio: 0.24 times (as on June 20, 2025), a 92% discount to its peers' median range of 3.00 times

- ROE: 13% (considered good)

- 52-Week High: ₹30.30

- 52-Week Low: ₹6.65

Management and Shareholding

The promoter of Sabar Flex India Ltd is HIKMATBAHADUR KRISHABAHADUR KUNWAR, who owned 17.68% of the total equity as of March 2025. This represents a decrease from 38.87% in March 2023. The auditor for Sabar Flex India Ltd is Patel Jain & Associates. Hikmatbahadur Krishnabahadur Kunwar serves as the Chairman, and Deepika Chauhan is the Company Secretary.

Recent Developments

Sabar Flex India Limited recently informed the exchange about its exceptional growth in FY 2024-25, delivering strong financial results for the period ended March 31, 2025. The company had also announced a Board Meeting for May 28, 2025, to approve the yearly audited financial results for the period ending March 2025.

The company trades on NSE SME under the symbol SABAR. It was listed on NSE SME on September 21, 2022, with an IPO price of ₹11 per share. Despite a challenging market, the stock has experienced significant volatility, with returns of -79.05% in the last 1 year.