Flexituff Ventures International Limited

Consumer Cyclical — Textile Manufacturing · NSE

₹2.95−₹0.06 (−1.99%)

DalalBaazaar Score

19 / 100

🔴 Poor

Verdict

HIGH RISK

Risk

Very High

Driven by negative shareholders' equity — the company owes more than it owns, short-term liabilities exceed short-term assets, the company is currently loss-making.

In simple words: The company owes more than it owns — years of losses have wiped out its net worth, but sales are shrinking. Solvency — whether it can keep funding itself at all — is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:59 pm

Understanding the Business

Company site ↗

The 60-second version of Flexituff Ventures International Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

Flexituff Ventures International Limited engages in the manufacture and sale of technical textiles in India, the United States, Singapore, and internationally.

IndustryTextile Manufacturing

SectorConsumer Cyclical

Employees31

Annual revenue₹17 Cr

How does it make money?

Turns over ₹17 Cr a year. Of every ₹100 of sales, about ₹-803 reaches shareholders as profit, with ₹-156 left at the operating level before interest, tax and depreciation. Each of its 31 employees supports ₹54.2 lakh of revenue a year, the signature of a people-led business.

Revenue / employee₹54.2 lakh

Who are its competitors?

The closest listed comparisons in its industry are MARUTI SUZUKI INDIA LTD., TITAN COMPANY LIMITED, TRENT LTD, AVENUE SUPERMARTS LIMITED. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What has been driving growth?

Profit has moved mainly because margins changed, not because the business sold much more. Over 3 years revenue moved -98% while net margin moved +6033% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect-98%

Margin effect+6033%

DalalBaazaar Score

19/ 100

Poor

Weighted across six categories. Every point is explained below.

✗ Shareholders' equity is negative — accumulated losses exceed the capital in the business

Quality vs. Valuation

Company Quality

18/ 100

Weak

How good the business is, ignoring the share price entirely.

Valuation

30/ 100

Expensive

What you are being asked to pay, ignoring how good the business is.

Weak on business quality and not cheap enough to compensate.

vs. its own history

Not enough price and earnings history

vs. sector peers

Not enough peers with a usable P/E

vs. generic bands

N/A

Multiples unreliable — equity base is negative

EV/EBITDA

—

PEG

—

What's Good / What's Bad

🟢 What's Going Well1

Debt is being paid down
Total debt is down 59% over 3 years.

🔴 What Needs Attention0

Nothing stands out as clearly deteriorating on the years of data available.

Red Flags

7 items require attention · 4 high · 3 watch

🔴Negative shareholders' equityFinancial
Liabilities exceed assets — accumulated losses have wiped out the company's net worth.
🔴Thin interest coverageFinancial
Operating profit covers interest only -1.6x — little room if earnings dip.
🔴The company is lossmakingFinancial
Net profit of -₹135 Cr in the latest reported year.
🔴Significant margin compressionFinancial
EBITDA margin has fallen 153.0 points, from -2.7% to -155.7%.
🟡Interest coverage is deterioratingFinancial
Cover has fallen from 9.7x to -1.6x.
🟡Shareholders have been dilutedOwnership
Shares outstanding are up 22% over 3 years — each existing share owns a smaller slice of the company.
🟡Short-term liquidity is tightFinancial
Current ratio of 0.24 — near-term obligations exceed near-term assets.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Deleveraging frees up earnings
Debt is down 59% over 3 years. Every rupee of interest not paid drops to the bottom line, so profit can grow even if revenue does not.

🔴 Bear CaseWhat could go wrong?

Solvency comes before everything else
Liabilities exceed assets. Until net worth is rebuilt, the equity is a claim on a business that owes more than it owns, and further losses or a funding squeeze can leave shareholders with nothing.
Margins are being competed away
EBITDA margin has fallen from -2.7% to -155.7%. If the trend continues, profit falls even on flat sales — and margin decline rarely reverses quickly.
Earnings are hard to forecast
Profit has swung sharply from year to year, so any single year — good or bad — is a weak guide to the next. Cyclical earnings deserve lower multiples for that reason.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.
Several serious flags at once
4 high-severity checks triggered. Individually each has an explanation; together they raise the chance that something structural is wrong rather than a one-off.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1EBITDA margin holds above -158%✓ -155.7%
Two points below today's level — enough room for noise, tight enough to catch real compression.
2Interest cover stays above 3x✗ -1.6x
How much operating profit can fall before interest stops being comfortably covered.
3Free cash flow remains positive✓ ₹5 Cr
Profit that never becomes cash eventually stops being profit.

Investment Checklist

4 / 9 checks passed

✗ Shareholders' equity is positive (assets exceed liabilities)
✗ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✗ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✗ Revenue growing year-over-year
✗ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✓ Short-term technical trend isn't bearish

Price history

Quick Metrics

1 good · 4 neutral · 6 weak

Market Cap

₹10 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not meaningful

Loss-making

Earnings are negative, so a P/E multiple can't be read here

P/B Ratio

Not available

No data

Source didn't return this field

EPS (TTM)

₹-40.3

Loss-making

Negative earnings per share — the business is losing money

ROE

Not meaningful

Negative equity

Return on equity can't be read when equity itself is negative

ROCE

Not available

No data

Source didn't return this field

Debt/Equity

Not meaningful

Negative equity

Shareholders' equity is negative, so this ratio can't be read

Revenue Growth (YoY)

-97.4%

Shrinking

Sales are contracting

Profit Growth (YoY)

-156.7%

Falling

Profits are shrinking

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹5 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

-2931.4%

Weak

Thin margins leave little room for error

Net Margin

0.0%

Weak

Very little revenue reaches the bottom line

Current Ratio

0.24

Tight

Tight short-term liquidity

Beta (vs Nifty)

0.19

Defensive

Steadier than the market

52W Range Position

Near low

Near its 52-week low

Technical Snapshot

SMA 20 / SMA 50

3.0 / 2.8

Bullish alignment (short > long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

58.9

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹914 Cr	₹598 Cr	₹261 Cr	₹17 Cr	-73.6%
EBITDA	-₹25 Cr	-₹110 Cr	-₹103 Cr	-₹26 Cr	—
EBITDA Margin	-2.7%	-18.4%	-39.3%	-155.7%	—
PAT (Net Profit)	-₹120 Cr	-₹183 Cr	₹238 Cr	-₹135 Cr	—
EPS	₹-48.05	₹-64.35	₹69.41	₹-41.13	—
Total Debt	₹653 Cr	₹672 Cr	₹238 Cr	₹268 Cr	-25.6%
Free Cash Flow	₹37 Cr	₹8 Cr	-₹319 Cr	₹5 Cr	-50.4%

🔴 Revenue has shrunk at 73.6% a year over 3 years.

🔴 EBITDA Margin has fallen from -2.7% to -155.7% over 3 years (-153.0 pts).

🟢 Total Debt has shrunk at 25.6% a year over 3 years.

🔴 Free Cash Flow has shrunk at 50.4% a year over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹324 Cr

Total Liabilities

₹456 Cr

Cash & Equivalents

₹1 Cr

Operating Cash Flow

₹5 Cr

Capex

—

Shareholding (proxy)

Institutional Holding

2.2%

Insider Holding

67.3%

Corporate Actions

Ex-Dividend Date

21 Sept 2015

Peer Comparison

Company	P/E	ROE
MARUTI SUZUKI INDIA LTD.	25.2x	13.4%
TITAN COMPANY LIMITED	68.5x	36.7%
TRENT LTD	87.2x	25.9%
AVENUE SUPERMARTS LIMITED	69.9x	12.7%

Recent News

2 mixed4 general

FLEXITUFF Share/Stock Price Live, NSE

TechGraph, 09 Oct

Flexituff Ventures International vs Nifty 50: Returns Compared

Univest, 23 Sept

Flexituff Ventures International reports consolidated net loss of Rs 15.68 crore in the June 2026 quarter

Business Standard, 22 AugResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

Flexituff Ventures International Limited's (NSE:FLEXITUFF) Revenues Are Not Doing Enough For Some Investors

Simply Wall Street, 12 Feb

Why Is Flexituff Ventures International Share Price Falling Key Reasons 2026

Univest, 01 JulPrice move

🟡Mixed / dependsA price move rather than a change in the business. If the figures on this page have not moved, the fall is either an opportunity or news they have yet to catch up with.

Flexituff Ventures International and Peer Group Overview

Kalkine India, 15 Sept

Watch Items

Revenue growth is negative (-97.4%) on the latest reported period — check if this is one-off or a trend.
Trading very close to its 52-week low — worth checking whether this reflects a temporary setback or a structural problem.
Cross-check against the company's latest quarterly filing / investor presentation before acting.
2 metrics couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.

DalalBaazaar Thesis

WeakBusiness Quality · Financial Health · Growth · Profitability · Valuation · Risk

Points for each in the Score ↑

Avoid until solvency is resolved

Flexituff Ventures International Limited owes more than it owns. Whatever the operating numbers show, the equity is a residual claim on a business with negative net worth, and that question has to be settled before any of the rest is worth weighing. 4 high-severity red flags sit above this conclusion and should be read first.

1 of 3 tripwires tripped — Interest cover stays above 3x · see Key things to watch ↑