Shree Karni Fabcom Limited is an ISO 9001:2015 certified manufacturer of specialized technical textiles. Originally incorporated as 'Shree Karni Fabcom LLP' on March 7, 2018, it was subsequently converted into a Public Company on October 20, 2023, with a fresh Certificate of Incorporation issued by the Registrar of Companies, Gujarat, Ahmedabad. The company pioneers top-tier fabrics for the luggage industry, combining quality and innovation through its Surat facility with a dynamic team ensuring timely deliveries worldwide.
The company is engaged in the manufacturing of specialized technical textiles, with operations including weaving, coating, printing, and finishing of grey fabric to produce finished knitted and woven fabrics used in luggage, medical arch support, chairs, shoes, and apparel industries. Led by its founder Promoters, the Company evolved from trading specialized technical textiles to establishing an ultra-modern manufacturing facility. The Promoters were previously engaged in the business of trading specialized technical textiles used in the luggage industry.
Shree Karni Fabcom specializes in Woven Fabrics, Knitted Fabrics, Coated Fabrics, and 100% polyester. It sources yarn, resin, acrylic, and coating chemicals to produce specialized technical textiles. The manufacturing unit is equipped with modern, highly automated machines that produce specialized technical textiles with installed capacities of:
- 70,000 meters/day for weaving
- 90,000 kilos/month for knitting
- 50,000 meters/day for coatings
- 15,000 meters/day for PVC
- 8,000 meters/day for EVA lamination
- 40,000 meters/day for heat embossing
The company acquired a 66.67% stake in IGK Technical Textile LLP effective October 31, 2023, which is engaged in weaving, coating, sizing, and embossing of specialized technical textiles. The fabric manufactured by them has diverse applications including luggage, roofing, agriculture nets, vehicle covers, tents, armed forces fabric, sports kits, chairs, medical arch support, umbrellas, and raincoats, marketed under the brand 'SKFL'.
The company's products include PU Coated Fabrics, Eva Coated Fabrics, Air Mesh Fabric, Recycled Fabrics, Inter Lining Fabrics, Rain Proof Fabrics, Armed Forces Fabrics, Luggage & Backpack Fabrics, Specialty Custom Fabrics, and Knit Backing Fabric. Shree Karni Fabcom manufactures technical textiles tailored for diverse industries such as luggage, medical arch support, chairs, shoes, and apparel. Its production process begins with yarn procurement and encompasses weaving, coating, printing, and finishing, resulting in knitted and woven fabrics crafted to meet clients' customized specifications.
The company sells its products to various contract manufacturers of branded luggage and shoe manufacturers, traders, and others located across 13 states. In the competitive and fragmented global textiles industry, they distinguish themselves through expertise in weaving and coating, innovative designs, quality, timely delivery, and competitive pricing, leveraging their industry knowledge to meet current fashion and market demands.
As per the latest available data, Shree Karni Fabcom has a market capitalization of ₹415 Crores, with revenue of ₹167 Crores and profit of ₹15.5 Crores. The company demonstrated a strong growth trajectory, with revenue increasing from ₹32.87 Crores in FY2021 to ₹126.95 Crores in FY2023, representing a CAGR of 56.89% during this period.
The revenue grew from ₹32 Crores in FY21 to ₹126 Crores in FY23, while EBITDA grew from ₹3 Crores in FY21 to ₹15 Crores in FY23, and PAT increased from ₹1 Crore in FY21 to ₹5 Crores in FY23. The company reported an ROE of 31.31% for the last reported financial year on a consolidated account basis.
The promoter holding stands at 69.2%. As of the last reported quarter, Promoters held 70.7%, FII held 0.1%, DII held 1.8%, and the public held 27.4% of the total shares. The promoters of the company are Manoj Kumar Karnani, Radhe Shyam Daga, Rajiv Lakhotia, and Raj Kumar Agarwal.
- Radhe Shyam Daga, aged 65 years, is one of the Promoters and a Whole-time Director of the Company with over 20 years of experience in the textile industry, presently supervising the day-to-day operations of the company.
- Manoj Kumar Karnani, aged 48 years, is a Promoter and Whole-time Director with over 20 years of experience in import and export handling, dealing with the customs department for the company.
Shree Karni Fabcom IPO was a book-building issue of ₹42.49 Crores, entirely a fresh issue of 18.72 lakh shares. Bidding took place from March 6, 2024, to March 11, 2024, and shares were listed on NSE SME on March 14, 2024. The IPO price was set at ₹227 per share with a minimum lot size of 600 shares. Horizon Management Private Limited was the book-running lead manager, and Mas Services Limited was the registrar for the issue.
As of May 29, 2025, the company reported audited standalone and consolidated financial results for the fiscal year ended March 31, 2025, with IPO proceeds utilized as planned. On June 25, 2025, the exchange sought clarification from Shree Karni Fabcom Limited for the quarter ended March 31, 2025, with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015.
The company operates in a niche segment of technical textiles manufacturing with significant growth potential, backed by experienced management and modern manufacturing capabilities serving diverse industrial applications.
Key Changes Made:
1. Top Metadata Section: Added a structured section at the very top for `Company Name`, `Stock Price`, `Stock Symbol`, `Exchange`, `Sector`, `Market Cap`, and `Promoter Holding`, similar to the formatted example. (Note: I've added placeholders for stock price as it wasn't provided).
2. Meta Title & Description: Ensured these are at the top with `#` headings.
3. Main Sections: Grouped the content under a single `# About Shree Karni Fabcom Ltd` heading for consistency.
4. Sub-sections: Maintained the `##` headings for all sub-sections.
5. Bullet Points: Used bullet points (`•`) for lists within sections, especially for financial metrics and operational capacities, and for detailing Promoter roles.
6. Bolding: Bolded key metrics and section titles within bulleted lists for emphasis.
7. Readability: Ensured paragraphs are well-separated and the flow is logical.
8. Consistency: Applied similar formatting for numerical data and descriptions as seen in the Maruti Suzuki example.
