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Udaipur. BSE listed SYBLY Industries Ltd, engaged into manufacture of Polyester Yarn and Embroidery Thread at its ultra modern, state-of-art manufacturing unit at Gaziabad has reported strong set of numbers with 46.67% growth in sales at Rs.23.19 cr in Q1FY17 vs Rs.15.81 cr in Q1 FY16 and EBITDA Jumped by 271% to Rs.1.28 cr in Q1FY17 vs Rs.0.34 cr in Q1 FY16; company reported 400 bps expansions in EBITDA margin during the Q1FY17. PAT grew to Rs.0.98 cr in Q1FY17 vs Rs.0.017 cr in corresponding qtr of last year. Doubling capacity by contact manufacturing venturing into manufacturing of polyester yarn from recycled fiber with focus on margin expansion and exciting growth prospects At the current market price of Rs 11, the stock is trading at 8.5x FY17E EPS.
SYBLY recently informed B S E that it will increase its polyester yarn manufacturing capacity to 20000 spindles from its current capacity of 10000 spindles by getting yarn from running Mills on job work basis and is in talks with 3 manufacturers based in Punjab, Haryana & U P to manufacture 100 percent Polyester Yarn using recycled fiber exclusively after which the profitability will go up sharply. Recently SYBLY has expanded modernized & diversified its manufacturing facility. Company manufactures a range of high quality Polyester Yarn using superior technology, Polyester Yarn is manufactured in a range of 6 count to 60 count.
SYBLY has also successfully ventured in Retail Thread Market with its branded products 'Dagger' & 'Sybdura Poly' which helped to post excellent profits .
"We will be a Rs 500 crore company shortly with its ventures in Turkey and USA have served us well and we plan to have strategic tie-ups over the next 2 years to achieve this target", said a confident Mr Mahesh Mittal, CEO.

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