Silkflex Polymers (India) Ltd. – Company Report
1. Company Overview
Silkflex Polymers (India) Ltd., established in 2016 and headquartered in Howrah, West Bengal, operates as a specialized player in the Indian chemical and allied products sector. The company is the exclusive pan-India distributor and authorized manufacturer of Silkflex Polymers Malaysia SDN BHD’s eco-friendly, water-based textile inks and premium wood coatings.
Founded by the late Lalit Sanghavi and currently led by Chairman and Managing Director Mr. Tushar Sanghavi, Silkflex Polymers focuses on importing, customizing, and domestically manufacturing advanced printing inks that meet international sustainability standards. The company is publicly listed on Indian exchanges and serves major garment and furniture brands.
- Incorporated: 2016
- Headquarters: Howrah, West Bengal
- Leadership: MD & Chairman – Tushar Sanghavi
- Certifications: ZDHC Confidence Level 3, Eco-Passport by Oeko-Tex®, GOTS v7
- Employees: 11–50
- Listed on Indian exchanges (NSE: SILKFLEX)
- Business Model: Import, trade, and manufacture of water-based inks and coatings
- Clients: PUMA, C&A, H&M, and various European export houses
2. Products and Services
Silkflex Polymers offers a broad portfolio of sustainable and compliant solutions:
Textile Printing Inks
- 108+ water-based products for screen and digital textile printing
- Eco-friendly and globally compliant (free from formaldehyde, heavy metals)
- Applications: Apparel, sportswear, children’s clothing, fashion textiles
Wood Coating Polymers
- 51+ water-based, fast-drying coatings and finishes
- Low-VOC, high-performance options for furniture and premium woodwork
Manufacturing and Customization
- Tech transfer agreement (2023) enables partial in-house production in India
- Custom blending and R&D to meet client-specific needs
Brand and Distribution
- Exclusive brand rights for Silkflex in India
- Technical and logistical integration with Malaysian parent
- Preferred supplier to global brands and exporters
Environmental Focus
- Products meet ZDHC, Oeko-Tex, and GOTS v7 sustainability certifications
3. Recent News and Financial Performance
Business Highlights:
- Technology Transfer Agreement (2023): Signed with Silkflex Malaysia, enabling in-house production of select polymers and specialty glues, transitioning from pure trading to partial manufacturing.
- Product Expansion: Increased manufacturing of domestic Silkbond 35 and binder products, enhancing margins and domestic market presence.
- Preferred Supplier: Continues as India’s largest distributor in its niche; serves top brands across apparel and furniture sectors.
- Commencement of Factory Construction: New manufacturing facility under construction, indicating strategic expansion.
Stakeholder Action:
- DII Stake Increase (March 25, 2025):
- India Equity Fund 1 acquired 88,000 shares at ₹74.68
- Investment of ~₹65.7 lakh; total holding reached 4.88% (as of Dec 2024)
- Triggered a 5% upper circuit for the stock
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹80.5 crore |
| Net Profit | ₹7.0 crore |
| Operating Profit Margin | 14.7% |
| Earnings Per Share (EPS) | ₹6.03 |
| Debt/Equity | Low |
| Dividend | Not declared |