🧯 Shree Karni Fabcom: Polyester Dreams or Walmart Reality?

🔍 At a Glance

Shree Karni Fabcom makes technical textiles—coated, knitted, woven polyester fabrics. FY25 net profit grew 8%, sales rose 31%, and they’ve bagged a vendor tag with Walmart India. But with operating cash still negative, CWIP ballooning, and a 27x P/E, is this just another SME hype stock dressed up in branded threads?

🧩 1. WTF Do They Even Do?

This isn’t your mama’s cotton kurta business.

Shree Karni manufactures:

• Technical Textiles used in industrial and functional products
• Products include:
  • 🧵 Woven fabrics
  • 🧵 Knitted fabrics
  • 🧵 Coated textiles
  • All 100% polyester (because why not ruin the environment in style)

They serve B2B buyers across India. Bonus: they just got listed as a Walmart India vendor in June 2025. Hype meter = tingling.

📊 2. Financials – Profit, Margins, ROE

🧠 TL;DR:

• Growth is real: Sales +31%, PAT +8%