Synopsis: Candour Techtex jumped sharply after it secured its first DRDO trial order of 6,700 meters of laminated material for parachutes. Moreover, it has secured a Rs 1 crore order by Reliance Industries for the lamination of material for 1,00,000 meters of the automotive sector.
The shares of this main textile firm engaged within the manufacturing and buying and selling of textiles, plastics, and different objects are in focus after securing a significant order from DRDO and Reliance Industries. On this article, we are going to dive extra into the small print of it.
With a market capitalisation of Rs 274 crore, the shares of Candour Techtex Ltd reached a day’s excessive of Rs 146.75 per share, up 4 p.c from its earlier day’s closing worth of Rs 141.50 per share. Over the previous 5 years, the inventory has delivered a strong return of 156 p.c, outperforming NIFTY 50’s return of 104 p.c.
In regards to the Order
Candour Techtex, by means of a inventory trade submitting, introduced that it has acquired its first trial order of 6,700 meters of laminated material for parachute manufacturing from MS Oriental Weaving & Processing Mills Pvt Ltd, Thane, Mumbai, which is an accredited vendor for Aerial Supply Analysis and Improvement Institution (ADRDE). This order will additional be delivered to ADRDE Agra, which is a laboratory underneath DRDO (Indian Defence Analysis and Improvement Organisation).
After the material went by means of ADRDE’s rigorous high quality checks and was formally accredited, ADRDE instantly contacted the corporate for specialised coated and laminated materials. ADRDE has additionally confirmed a sampling order, thus marking Candour’s debut within the defence-grade technical textiles sector.
Moreover, the corporate was additionally awarded a significant order from Reliance Industries Ltd for 1,00,000 meters of lamination on automotive materials, price Rs 1 crore. The undertaking is estimated for completion by March 2026, and the corporate is already in talks for extra orders for the FY 2026–27.
These two orders are indicative of the growing demand for Candour Techtex’s capabilities within the manufacturing of specialized laminated and coated materials within the defence and industrial sectors.
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Q2 Highlights
Candour Techtex reported a income of Rs 10.29 crore in Q2 FY26, a staggering decline of 74 p.c as in comparison with Rs 39.76 crore in Q2 FY25. Moreover, on a quarter-on-quarter foundation, it declined by 69 p.c from Rs 33.67 crore.
Relating to its profitability, it reported a web lack of Rs 1.08 crore in Q2 FY26, a pointy loss as in comparison with a revenue of Rs 53 lakh in Q2 FY25. Moreover, on a quarter-on-quarter foundation, its losses widened from Rs 92 lakh.
Candour Techtex is a technical textiles firm that manufactures and sells a various vary of textile, plastic, and industrial merchandise. The corporate is very diversified and is a significant provider of healthcare, agriculture, packaging, building, automotive, and residential merchandise to the Indian home market.
The corporate produces a variety of materials and supplies comparable to medical disposables, agricultural nets, bullet-proof and fire-resistant clothes, flooring and wall coverings, industrial brushes, belts, ropes, automotive seat materials, sports activities nets, parachutes, geotextiles, and recycling merchandise—serving quite a few industries throughout India.
Written by Satyajeet Mukherjee
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