PIONEEREMB
Pioneer Embroideries financials
- Market cap
- ₹63 Cr
- Sector
- Textiles
What Pioneer Embroideries Limited does
Pioneer Embroideries Limited (PEL), established in 1991, manufactures Specialty Polyester Filament Yarn (SPFY) under its SILKOLITE brand and embroidered fabrics, laces, sarees and garments under its heritage HAKOBA brand (acquired 2001). SPFY is a dope-dyed (solution-dyed) polyester yarn made at a 26,000 MTPA facility in Kala-Amb, Himachal Pradesh, and is used in carpets, upholstery, apparel and technical textiles. Embroidery and laces such as guipure, braided laces and allover fabrics are made at units in Sarigam, Gujarat and a newer greenfield plant in Degaon, Maharashtra, and are sold domestically as well as exported to over 25 countries. Hakoba also retails embroidered sarees, salwar-kameez-dupatta sets, fashion fabrics and garments through its own website and marketplaces such as Amazon and Myntra.
Segments
- Specialty Polyester Filament Yarn (SPFY)
- Embroidery & Laces (EL)
- Retail
- Manufacturing facilities
- 3 (1 SPFY plant in Kala-Amb, Himachal Pradesh; 2 Embroidery & Laces plants in Sarigam, Gujarat and Degaon, Maharashtra)
- SPFY installed capacity
- 26,000 MTPA (Kala-Amb, Himachal Pradesh)
- Embroidery capacity
- ~1,200 Mn stitches/year (Degaon 800 Mn + Sarigam 385 Mn)
- Braided lace capacity
- 14+ Million Metres/year
- Embroidery & lace design library
- 300,000+ designs
- Colour shade library (SPFY dope-dyeing)
- 1,200+ shades
Quarterly results
Q1 FY27: revenue up 12.3%, net profit down 87.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 94 | 96 | 89 | 86 | 83 −12% | 81 −15% | 86 −3% | 97 +12% |
| EBITDA | 7 | 8 | 4 | 3 | 1 −89% | 4 −45% | 5 +30% | 4 +19% |
| Net profit | 1 | 2 | 1 | 1 | -4 −641% | -1 −136% | 4 +193% | 0 −87% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −45.1% 1Y
1Y: ₹37.39 on 10 Sept 2025 → ₹20.51. High ₹38.25 (19 Sept 2025), low ₹19.92 (30 Mar 2026).
Financials, as filed
Revenue fell 0.0% a year over 2 years, FY24 to FY26. Operating margin narrowed to 4.1%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹336 Cr | ₹375 Cr | ₹336 Cr |
| Operating profit | ₹22 Cr | ₹25 Cr | ₹14 Cr |
| Operating margin | 6.7% | 6.7% | 4.1% |
| Interest | ₹9 Cr | ₹10 Cr | ₹9 Cr |
| Depreciation | ₹13 Cr | ₹16 Cr | ₹15 Cr |
| Net profit | ₹4 Cr | ₹5 Cr | ₹1 Cr |
| Net margin | 1.1% | 1.2% | 0.2% |
| Cash from operations | ₹12 Cr | ₹33 Cr | ₹19 Cr |
| Free cash flow | ₹-22 Cr | ₹24 Cr | ₹15 Cr |
| ROCE | 6.0% | 6.0% | 2.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹27 Cr | ₹27 Cr | ₹27 Cr | ₹29 Cr | ₹31 Cr | ₹31 Cr |
| Reserves | ₹88 Cr | ₹99 Cr | ₹107 Cr | ₹121 Cr | ₹122 Cr | ₹131 Cr |
| Borrowings | ₹31 Cr | ₹30 Cr | ₹95 Cr | ₹109 Cr | ₹90 Cr | ₹90 Cr |
| Other liabilities | ₹34 Cr | ₹35 Cr | ₹56 Cr | ₹65 Cr | ₹74 Cr | ₹67 Cr |
| Total liabilities | ₹179 Cr | ₹190 Cr | ₹285 Cr | ₹324 Cr | ₹316 Cr | ₹318 Cr |
| Fixed assets | ₹80 Cr | ₹78 Cr | ₹75 Cr | ₹186 Cr | ₹180 Cr | ₹159 Cr |
| Capital work in progress | ₹0 Cr | ₹8 Cr | ₹72 Cr | ₹0 Cr | ₹1 Cr | ₹3 Cr |
| Investments | ₹9 Cr | ₹10 Cr | ₹21 Cr | ₹21 Cr | ₹11 Cr | ₹21 Cr |
| Other assets | ₹90 Cr | ₹94 Cr | ₹117 Cr | ₹117 Cr | ₹124 Cr | ₹135 Cr |
| Total assets | ₹179 Cr | ₹190 Cr | ₹285 Cr | ₹324 Cr | ₹316 Cr | ₹318 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs added +0.27 pp while the public trimmed −0.25 pp. The shareholder count shrank 3% to 24,367.
- Promoters
- 32.7%
- FIIs
- 0.3%
- DIIs
- 6.5%
- Government
- 8.1%
- Public
- 52.4%
Since Jun 2025
- FIIs +0.27 pp
- Public −0.25 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Over this window the government went from 0.0% to 8.1% — +8.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 32.4%, DIIs 9.3%, Public 58.3%.Dec '23: Promoters 32.4%, DIIs 9.3%, Public 58.4%.Mar '24: Promoters 29.6%, FIIs 8.5%, DIIs 8.5%, Public 53.4%.Jun '24: Promoters 29.6%, FIIs 8.5%, DIIs 8.4%, Public 53.5%.Sep '24: Promoters 32.7%, FIIs 8.1%, DIIs 6.9%, Public 52.3%.Dec '24: Promoters 32.7%, FIIs 8.2%, DIIs 6.5%, Public 52.6%.Mar '25: Promoters 32.7%, FIIs 8.3%, DIIs 6.5%, Public 52.5%.Jun '25: Promoters 32.7%, DIIs 6.5%, Government 8.1%, Public 52.7%.Sep '25: Promoters 32.7%, DIIs 6.5%, Government 8.1%, Public 52.7%.Dec '25: Promoters 32.7%, DIIs 6.5%, Government 8.1%, Public 52.7%.Mar '26: Promoters 32.7%, FIIs 0.3%, DIIs 6.5%, Government 8.1%, Public 52.4%.Jun '26: Promoters 32.7%, FIIs 0.3%, DIIs 6.5%, Government 8.1%, Public 52.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Pioneer Embroideries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Pioneer E-Com Fashions Llp | 17.97% | unchanged |
| Rajkumar Jivraj Sekhani | 14.62% | unchanged |
| Enforcement Directorate Raipur | 8.11% | unchanged |
| Amit Ratanlal Sekhani | 3.54% | unchanged |
| Anand Ratanlal Sekhani | 3.52% | unchanged |
| Export- Import Bank Of India Bank | 2.49% | unchanged |
| Kotak Mahindra Bank Limited Bank | 2.38% | unchanged |
| Udyan Ashok Singhania | 1.79% | unchanged |
| United India Insurance Company Limited Insurer | 1.62% | unchanged |
| Rami Kaushal | 1.36% | unchanged |
| Preeti Piyush Shah | 1.22% | unchanged |
| Priyasha Meven Finance Ltd. | 1.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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