Unitec Fibres Ltd
Unitec Fibres is a manufacturer of recycled polyester staple fibre (RPSF) from post-consumer PET waste. The company supplies sustainable fibre products to automotive, home furnishing, and textile industries while maintaining ISO and Global Recycled Standard certifications.
Overview
About the Company
Unitec Fibres Limited, incorporated in February 2005, operates as a sustainable manufacturer of Recycled Polyester Staple Fibre (RPSF). The company transforms post-consumer PET flakes, chips, and polyester waste into eco-friendly fibre products serving automotive, home furnishings, textiles, and non-woven fabric sectors. Its product applications include carpets, roof liners, trunks, sofas, curtains, and spinning operations. The company runs two manufacturing facilities at M.I.D.C. Tarapur Industrial Area in Maharashtra with combined annual capacity of 27,984 MTPA, while establishing a third unit in Valsad, Gujarat for expansion. Unitec Fibres maintains rigorous quality standards through ISO 9001:2015, ISO 14001:2015, OEKO-TEX®, and Global Recycled Standard certifications. The organization employs 171 permanent staff across production, quality assurance, maintenance, finance, procurement, logistics, and administrative functions as of March 2026.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Repayment/prepayment of borrowings availed by the Company
- › General Corporate Purposes
✅ Strengths
- ✓ Sustainable polyester waste recycling with eco-friendly product portfolio
- ✓ Modern manufacturing facilities with expanding production capacity
- ✓ Strong quality assurance backed by global ISO and GRS certifications
- ✓ Experienced promoters and management team with two decades of expertise
- ✓ Established customer relationships supported by healthy order book
- ✓ Revenue generation from Extended Producer Responsibility certificates
- ✓ Diversified customer base across automotive, textile, and furnishing sectors
⚠️ Risks
- ! Revenue geographically concentrated in Gujarat, Maharashtra, Tamil Nadu, and Haryana
- ! High dependence on top customers without long-term contractual agreements
- ! Procurement relies heavily on limited raw material suppliers
- ! Major revenue dependence solely on recycled polyester staple fibre sales
- ! Potential conflicts of interest with group entities in similar businesses
- ! Declining EBITDA margins from 7.71% to 7.03% between FY2025 and FY2026
- ! Rising debt-equity ratio from 0.64 to 1.19 indicating increased leverage