Unitec Fibres assets rise to Rs 242.13 crore after IPO

Unitec Fibres Limited reported total assets of Rs 242.13 crore at 30 September 2026, up from Rs 169.35 crore at 31 March 2026, as capital work-in-progress reached Rs 66.68 crore and cash and cash equivalents rose to Rs 34.58 crore following initial public offering, or IPO, and borrowing inflows.

How did Unitec Fibres’ balance sheet change by September 2026?

Unitec Fibres expanded its balance sheet by Rs 72.78 crore in the six months to 30 September 2026, taking total assets and total equity and liabilities to Rs 242.13 crore from Rs 169.35 crore on 31 March 2026. Shareholders’ funds increased by Rs 34.12 crore to Rs 99.21 crore, while current liabilities rose by Rs 10.26 crore to Rs 62.20 crore.

Non-current assets increased by Rs 26.10 crore to Rs 123.56 crore, while current assets rose by Rs 46.59 crore to Rs 118.58 crore. Cash and cash equivalents accounted for Rs 34.58 crore at 30 September, compared with Rs 10.48 lakh six months earlier. The cash-flow statement recorded a Rs 34.47 crore increase in cash and cash equivalents during the half year.

Unitec Fibres’ shares were listed on the SME Platform of BSE Limited on 30 September 2026. The statutory auditor said its limited review found nothing indicating that the unaudited statement omitted disclosures required under listing regulations or contained a material misstatement. The 31 March 2026 figures were audited, although the company regrouped certain comparative presentations.

What drove Unitec Fibres’ asset growth?

Capital work-in-progress was Unitec Fibres’ largest identified non-current asset movement, increasing by Rs 21.76 crore to Rs 66.68 crore at 30 September 2026 from Rs 44.93 crore at 31 March 2026. In contrast, property, plant and equipment fell by Rs 1.47 crore to Rs 42.92 crore, while intangible assets increased to Rs 26.33 lakh from Rs 83,000.

The cash-flow statement records Rs 21.78 crore spent on purchases of property, plant and equipment, net of sale proceeds, and Rs 2.52 crore of advances for machinery and projects in the half year. Net cash used in investing activities was Rs 23.41 crore. Long-term loans and advances increased to Rs 9.65 crore from Rs 7.03 crore, and other non-current assets rose to Rs 3.88 crore from Rs 68.45 lakh.

Working-capital assets also added to the increase. Inventories rose by Rs 4.36 crore to Rs 45.33 crore, trade receivables increased by Rs 5.86 crore to Rs 19.80 crore, and short-term loans and advances rose by Rs 3.33 crore to Rs 17.44 crore. The filing identifies one business and geographical segment, polyester staple fibre and related products in domestic and export markets, but gives no project-specific completion date for the capital work-in-progress.

How did Unitec Fibres finance the expansion?

Unitec Fibres financed the half-year balance-sheet expansion through its IPO and net loan proceeds. The company completed an IPO of 39,16,800 equity shares of Rs 10 each at Rs 88 per share, including a Rs 78 premium, aggregating Rs 34.49 crore. The shares were allotted on 28 September 2026, lifting share capital to Rs 14.42 crore from Rs 10.50 crore and reserves and surplus to Rs 84.80 crore from Rs 54.59 crore.

IPO proceeds of Rs 34.44 crore received by 30 September 2026 were held in a public issue or escrow account with Kotak Mahindra Bank Limited and were not available for use at that date, Unitec Fibres said. That amount broadly corresponded with the Rs 34.58 crore cash and cash-equivalents balance. The company said the remaining Rs 2.82 lakh of IPO proceeds was received in October 2026.

Net cash from financing activities was Rs 55.37 crore during the half year. This included Rs 3.91 crore of share-capital proceeds, Rs 30.53 crore of securities premium, Rs 13.68 crore of net secured-loan proceeds and Rs 9 crore of net unsecured-loan proceeds. Financing outflows included Rs 42.98 lakh of IPO expenses paid and Rs 1.32 crore of finance costs paid.

What changed in Unitec Fibres’ borrowings and operating cash flow?

Unitec Fibres’ reported borrowings rose by Rs 22.68 crore to Rs 99.87 crore at 30 September 2026 from Rs 77.19 crore at 31 March 2026. Long-term borrowings increased by Rs 28.42 crore to Rs 80.02 crore, while short-term borrowings declined by Rs 5.74 crore to Rs 19.85 crore. The change therefore reflected a higher long-term borrowing balance alongside lower short-term borrowings.

The 30 September balance sheet preceded a disclosed post-period debt repayment. Unitec Fibres said Rs 29.90 crore was transferred from IPO proceeds to its account on 5 and 6 October 2026 and used to repay a term loan from Kotak Mahindra Bank, in line with the offer-document objects. Rs 12.64 lakh remained in the public issue account at 7 October 2026.

Net cash from operating activities was Rs 2.51 crore for the half year ended 30 September 2026, compared with Rs 8.06 crore for the full year ended 31 March 2026. Profit before tax was Rs 5.88 crore, while increases in receivables, inventories and other current assets used a combined Rs 16.46 crore of cash. Increases in trade payables and other current liabilities and provisions supplied Rs 11.98 crore.

Trade payables due to micro and small enterprises rose to Rs 22.08 crore at 30 September 2026 from Rs 15.38 crore at 31 March 2026. Unitec Fibres said it had not provided interest on delayed payments under the Micro, Small and Medium Enterprises Development Act, 2006, for the half year. The company will determine and provide for that interest at the end of the financial year.

Conclusion

Unitec Fibres’ September 2026 balance sheet shows that IPO funding, net borrowing and investment activity drove asset growth alongside operations. Assets increased to Rs 242.13 crore, with cash of Rs 34.58 crore and capital work-in-progress of Rs 66.68 crore the largest identified asset positions. Equity rose following the IPO, while reported borrowings were Rs 99.87 crore at the reporting date.

The next disclosed developments to watch are the effect of the Rs 29.90 crore October term-loan repayment on debt and finance costs, and the completion or deployment of the Rs 66.68 crore capital work-in-progress. Unitec Fibres has not disclosed a commissioning timeline, and it will determine interest payable to micro and small enterprises at the financial year-end.