Synopsis: Candour Techtex jumped sharply after it secured its first DRDO trial order of 6,700 meters of laminated fabric for parachutes. Additionally, it has secured a Rs 1 crore order by Reliance Industries for the lamination of fabric for 1,00,000 meters of the automotive sector.
The shares of this leading textile company engaged in the manufacturing and trading of textiles, plastics, and other items are in focus after securing a major order from DRDO and Reliance Industries. In this article, we will dive more into the details of it.
With a market capitalisation of Rs 274 crore, the shares of Candour Techtex Ltd reached a day’s high of Rs 146.75 per share, up 4 percent from its previous day’s closing price of Rs 141.50 per share. Over the past five years, the stock has delivered a robust return of 156 percent, outperforming NIFTY 50’s return of 104 percent.
About the Order
Candour Techtex, through a stock exchange filing, announced that it has received its first trial order of 6,700 meters of laminated fabric for parachute manufacturing from MS Oriental Weaving & Processing Mills Pvt Ltd, Thane, Mumbai, which is an approved vendor for Aerial Delivery Research and Development Establishment (ADRDE). This order will further be delivered to ADRDE Agra, which is a laboratory under DRDO (Indian Defence Research and Development Organisation).
After the fabric went through ADRDE’s rigorous quality checks and was officially approved, ADRDE directly contacted the company for specialised coated and laminated fabrics. ADRDE has also confirmed a sampling order, thus marking Candour’s debut in the defence-grade technical textiles sector.
Additionally, the company was also awarded a major order from Reliance Industries Ltd for 1,00,000 meters of lamination on automotive fabrics, worth Rs 1 crore. The project is estimated for completion by March 2026, and the company is already in talks for additional orders for the FY 2026–27.
These two orders are indicative of the increasing demand for Candour Techtex’s capabilities in the production of specialised laminated and coated fabrics in the defence and industrial sectors.
Also read: Penny stock jumps over 3% after receiving order from National Highways Authority of India
Q2 Highlights
Candour Techtex reported a revenue of Rs 10.29 crore in Q2 FY26, a staggering decline of 74 percent as compared to Rs 39.76 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it declined by 69 percent from Rs 33.67 crore.
Regarding its profitability, it reported a net loss of Rs 1.08 crore in Q2 FY26, a sharp loss as compared to a profit of Rs 53 lakh in Q2 FY25. Additionally, on a quarter-on-quarter basis, its losses widened from Rs 92 lakh.
Candour Techtex is a technical textiles company that manufactures and sells a diverse range of textile, plastic, and industrial products. The company is highly diversified and is a major supplier of healthcare, agriculture, packaging, construction, automotive, and home products to the Indian domestic market.
The company produces a wide range of fabrics and materials such as medical disposables, agricultural nets, bullet-proof and fire-resistant clothing, flooring and wall coverings, industrial brushes, belts, ropes, car seat fabrics, sports nets, parachutes, geotextiles, and recycling products—serving numerous industries all over India.
Written by Satyajeet Mukherjee
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