Borana Weaves Limited, incorporated in 2020, is a manufacturer of unbleached synthetic grey fabric based in Surat, Gujarat. Originally established as 'Borana Weaves Private Limited' on October 28, 2020, it later transitioned to a Public Limited company, changing its name to 'Borana Weaves Limited' on September 24, 2024. The company's shares were listed on BSE and NSE on May 27, 2025. Borana Weaves operates within the textile sector, specializing in synthetic fabric manufacturing with operations spread across multiple production units in Gujarat. It has carved a niche as a specialized manufacturer catering to various segments of the textile industry, including fashion, home decor, and technical applications.
The company's primary business involves the manufacturing of unbleached synthetic grey fabric, which is a foundational material used for further processing like dyeing and printing. This fabric finds application in diverse segments, including fashion apparel, traditional textiles, technical textiles, home decor, and interior design. Additionally, Borana Weaves produces polyester textured yarn (PTY), which is largely consumed in-house for its own grey fabric manufacturing. The grey fabric's versatility makes it a crucial component in the textile supply chain.
Company commenced grey fabric and PTY yarn manufacturing at Unit 1 with an installed capacity of 46,656,000 meters per annum in FY 2021-22. This was followed by the commencement of manufacturing at Unit 2 with an installed capacity of 89,424,000 meters per annum in FY 2022-23. Further expansion occurred with Unit 3, commencing grey fabric and PTY yarn manufacturing with an installed capacity of 97,200,000 meters per annum in 2023-24. This progressive scaling of operations demonstrates the company's commitment to meeting growing market demand.
Borana Weaves has developed a robust manufacturing infrastructure comprising three operational units. Each unit is equipped with modern textile manufacturing machinery and incorporates pollution control systems. The aggregate installed capacity across all units provides significant production capability, enabling the company to serve both domestic and international markets. The manufacturing process is geared towards producing high-quality unbleached synthetic grey fabric, leveraging advanced technologies and equipment sourced from both domestic and global suppliers in the synthetic fiber industry.
The company's strategic location in Surat, renowned as India's textile hub, offers distinct advantages in raw material sourcing, access to a skilled workforce, and proximity to key consumer markets.
As of July 10, 2025, Borana Weaves Ltd (BORANA) reported a market capitalization of ₹623.02 Cr, with the figure standing at ₹609.22 Cr on the day of reference. The company has exhibited a strong financial growth trajectory in recent years, establishing itself as a notable player in the textile manufacturing sector.
- Sales (Full Year): Rose 45.84% to ₹290.31 crore in the year ended March 2025, up from ₹199.06 crore in the previous year.
- Net Profit (Full Year): Increased by 70.41% to ₹40.20 crore in the year ended March 2025, compared to ₹23.59 crore in the previous year.
- Sales (Quarterly - Q4): Increased 28.26% to ₹78.70 crore in the quarter ended March 2025, versus ₹61.36 crore in the same quarter of the previous year.
- Net Profit (Quarterly - Q4): Rose 11.11% to ₹10.90 crore in the quarter ended March 2025, from ₹9.81 crore in the quarter ended March 2024.
The market capitalization of Borana Weaves Ltd (BORANA) was ₹623.02 Cr as of July 10, 2025. The 52-week high for the stock was ₹267, and the 52-week low was ₹216.26. The company's P/E (price-to-earnings) ratio is 15.49, and its P/B (price-to-book) ratio is 13.06. Borana Weaves Ltd (BORANA) is classified under the Consumer Discretionary sector, specifically within the Textiles sub-sector.
The stock has demonstrated resilience since its listing and maintains reasonable valuation metrics when compared to industry peers. The company has improved its debtor days from 33.7 to 20.2 days, indicating enhanced operational efficiency and better cash flow management practices.
Borana Weaves' Initial Public Offering (IPO) was a bookbuilding issue totaling ₹144.89 crores, consisting entirely of a fresh issue of 0.67 crore shares. The bidding period for the IPO ran from May 20, 2025, to May 22, 2025. The shares were listed on BSE and NSE on May 27, 2025. The IPO price band was set at ₹216 per share. Beeline Capital Advisors Pvt Ltd served as the book-running lead manager for the IPO, with Kfin Technologies Limited acting as the registrar.
The promoters of Borana Weaves Limited include Mangilal Ambalal Borana, Ankur Mangilal Borana, Rajkumar Mangilal Borana, Dhwani Ankur Borana, Mangilal Ambalal Borana HUF, Ankur Mangilal Borana HUF, Sandhya Bansal, Rajkumar Mangilal HUF, and Borana Filaments Private Limited. The current Promoter Holding stands at 65.2%. This strong promoter stake signifies high management confidence in the company's future prospects and contributes to stability in corporate governance.
Borana Weaves has shown impressive growth, with its FY22 revenue of ₹42 crores escalating fivefold to ₹199 crores by FY24. Profits also saw a remarkable jump from ₹1.8 crores to ₹23 crores over the same period, representing a 13x increase. Furthermore, in the first nine months of FY25, the company's profit already surpassed its full-year profit from FY24.
This exceptional growth trajectory underscores the company's effectiveness in scaling operations and capitalizing on market opportunities. The progressive expansion of manufacturing capacity across its multiple units, coupled with robust financial performance, positions Borana Weaves favorably for sustained growth in the textile manufacturing sector. Its focus on producing quality products and its strategic market positioning within key textile segments provide a solid foundation for long-term business development.
The evolving textile industry, with its increasing focus on technical textiles and specialized applications, presents significant opportunities for companies like Borana Weaves, which possess established manufacturing capabilities and a strong market presence. Borana Weaves has reported audited FY25 standalone results with an unmodified audit opinion and has appointed its cost, internal, and secretarial auditors, reflecting its commitment to transparent financial reporting and strong corporate governance practices.
