Vishal Fabrics

What Vishal Fabrics does

Vishal Fabrics Limited (VFL) is an Ahmedabad, India-based denim manufacturer and fabric processor incorporated in 1985 and listed on the Bombay Stock Exchange (ticker 538598). The company operates an integrated production platform combining a DSIPL Denim unit (464 weaving looms, 11 warping units, 8 DR dyeing machines, 3 singeing machines, 2 mercerizing units) with a fabric processing unit (continuous bleaching range, rotary screen printing, sanforizing, brushing, sueding), plus a 6MW captive power plant and zero-discharge water recycling. Annual production capacity exceeds 100 million meters of processed fabric across denim, shirting, dress materials, and home furnishing fabrics in narrow and wider widths. VFL pioneered wider-width fabric production and holds certifications including ISO 9001:2015, ISO 14001:2015, OEKO-TEX, BCI, and GOTS.

VFL sells primarily on a B2B basis to garment manufacturers and fashion brands, including fast fashion labels and value brands targeting Gen Z consumers. Fabric compositions span 100% cotton, cotton spandex, cotton-poly, cotton modal, and cotton tencel. Product collections are marketed under sub-brands such as Revival Blues, Cocktail Blues, Innova Blues, Breezy Blues, Galaxies, and Conflate Blue/Black Stretches/Super Stretches. Distribution is direct sales to domestic and international buyers, with no consumer-facing retail channel. Pricing is quote-based per order with multi-year contract billing on negotiated terms. FY25-26 revenue was Rs 1,602.11 crore (5.41% YoY growth) and net profit was Rs 35.64 crore (22.85% YoY growth).

In March 2024, VFL acquired a 37.72% stake in Chiripal Textile Mills for Rs 3.49 crore, making CTMPL an associate company. The business faces regulatory headwinds: SEBI issued a final order in June 2026 banning two promoters from securities markets for four years as part of a Rs 144 crore pump-and-dump investigation, though the company continues to file quarterly results and released its FY25-26 Integrated Annual Report in July 2026. A separate GST appellate ruling in July 2026 nullified earlier penalties exceeding Rs 21 crore. US tariff volatility (ranging from 25% to 50%, recently reduced to 18% via India-US trade deal) has influenced the company's export strategy and pushed greater emphasis on domestic market resilience.

Name

Vishal Fabrics

Legal name

Vishal Fabrics Ltd.

Website

https://vishalfabricsltd.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Vishal Fabrics Limited is an Ahmedabad-based B2B denim manufacturer and fabric processor incorporated in 1985, producing over 100 million meters annually across denim, shirting, and home furnishing fabrics for garment manufacturers and fashion brands in India and international export markets.

Ownership category

akta.pro rank

Product category

Denim and Textile Manufacturing

NAICS

Broadwoven Fabric Mills (31321), Fabric Mills (3132), Textile and Fabric Finishing and Fabric Coating Mills (3133)

SIC

Broadwoven Fabric Mills, Cotton (2211), Textile Mill Products (2200)

akta.pro primary industry

Denim & Twill Mills (IMAOABAG)

akta.pro secondary industry

Technical Fabric Mills (Performance/Protective/Medical Substrates) (IMAOABAH)

Keywords

• Denim manufacturing
• Fabric processing
• Stretch denim fabrics
• Home furnishing fabrics
• Shirting fabrics

Headquarters

HQ city

Ahmadabad

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Denim and Fabric Sales: Vishal Fabrics generates revenue primarily through the manufacture and sale of denim fabrics and processed fabrics. FY25 total income was Rs 1,521.43 crore, growing to Rs 1,602.11 crore in FY25-26 (5.41% increase). The company sells a wide range including 100% cotton, cotton spandex, cotton-poly, cotton poly spandex, cotton modal, cotton tencel fabrics, and premium stretch denim. Q2 FY25 showed 92% profit rise and 17% income increase, indicating consistent transactional revenue from fabric sales to garment manufacturers and fashion brands.
2. Investment in Associate Company: Vishal Fabrics holds a 37.72% stake in Chiripal Textile Mills (CTMPL) following an investment of Rs 3.49 crore for 173,825 shares at Rs 201 per share. CTMPL has been recognized as an associate company since March 30, 2024. This represents an equity investment generating returns through associative company performance.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Vishal Fabrics Limited (VFL) is a denim manufacturing and fabric processing company incorporated in 1985 that dyes, prints, and processes denim and a wide range of other fabrics. The company operates an integrated manufacturing facility with a state-of-the-art DSIPL Denim unit (464 weaving looms) and a fabric processing unit capable of producing over 100 million meters of processed fabrics annually, supplying 100% cotton, cotton spandex, cotton-poly, cotton modal, and cotton tencel fabrics to garment manufacturers.

Product overview

Vishal Fabrics Limited (VFL) is a denim manufacturing and fabric processing company incorporated in 1985, offering a diverse portfolio of denim and fabric products. The company operates as a unified product portfolio centered on denim manufacturing with multiple product collections including Revival Blues, Cocktail Blues, Innova Blues, Breezy Blues, Galaxies, and Conflate Blue/Black Stretches/Super Stretches. Beyond denim, VFL produces shirting fabrics, dress materials, and home furnishing fabrics. The company has an annual production capacity exceeding 100 million meters of processed fabric and offers various fabric compositions including 100% cotton, cotton spandex, cotton-poly, cotton poly spandex, cotton modal, and cotton tencel. VFL's products are distinguished by weave types (Dobby, Cams, Chambray, Satin, Cavalry, Bull Weave, Oxford, Broken twill), weights ranging from 4 Oz to 14.5 Oz, and specialized finishes including Desize, Mercerise, Coating, printing, Calendering, Padding, and Peaching.

Differentiator

Problem solved

Functional benefit

Brands

• Revival Blues: Denim collection signifying rebirth of ocean blue with deep navy indigo colors of knits and twills.
• Cocktail Blues
• Innova Blues
• Breezy Blues
• Galaxies
• Conflate Blue / Black Stretches / Super Stretches

Products and services

• Denim Fabric

Quantifiable outcome

• 100+ million meters of processed fabric produced annually
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Link Intime India Pvt. LtdminorOthersLink Intime India Pvt. Ltd serves as the Registrar and Transfer Agent (RTA) for Vishal Fabrics, handling share registry, transfer of securities, and investor services from their Ahmedabad office at 5th Floor, 506-508, Amarnath Business Centre-1, Beside Gala Business Centre, Nr. St. Xavier's College Corner, Off C G Road, Ellisbridge, Ahmedabad – 380006.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Ashima Limited: Indian textile manufacturer with significant denim fabric production for domestic and export markets. Direct peer operating in the same Ahmedabad/Gujarat denim manufacturing ecosystem with overlapping customer base.
• Nandan Denim Ltd: Ahmedabad-headquartered denim fabric manufacturer serving domestic and international apparel brands with woven and stretch denim. Highly comparable vertically integrated denim peer in the same Gujarat manufacturing cluster.
• Cone Denim: US-headquartered global denim mill supplying fashion brands with woven and performance denim fabrics. Comparable as a large-scale B2B denim fabric producer with international customer base similar to Vishal Fabrics' target export customers.
• KG Denim (KG Fabriks Ltd): Indian denim manufacturer with integrated weaving, dyeing and finishing operations producing denim and cotton fabrics for global apparel buyers. Direct B2B denim peer with comparable capacity scale and product range.
• Aarvee Denims & Exports Ltd: Ahmedabad-based denim fabric manufacturer producing cotton, stretch and value-added denim for export markets. Closely comparable Indian denim peer with similar customer base of garment exporters and fashion brands.
• Isko: Turkish global denim fabric manufacturer producing woven and stretch denim for premium and mainstream apparel brands worldwide. Comparable as a denim fabric mill with similar product breadth and focus on innovation in stretch/technical denim.
• Arvind Limited: India's largest denim fabric manufacturer with integrated spinning, weaving and finishing operations serving global apparel brands. Directly comparable to Vishal Fabrics on denim manufacturing scale, B2B fabric model and export orientation.
• Chiripal Textile Mills: Indian textile manufacturer in which Vishal Fabrics holds 37.72% as an associate company, sharing the Chiripal Group affiliation. Comparable vertically integrated textile peer with overlapping product lines and group-level procurement and supply chain coordination.

Broad incumbents

• Mafatlal Industries: Large Indian textile conglomerate with diversified fabric and apparel manufacturing including denim. Comparable as a broader Indian textile incumbent operating in denim, shirting and dress materials with significant manufacturing scale.
• Raymond Limited: Major Indian textile and apparel conglomerate with fabric manufacturing operations including denim and suiting. Comparable as a large established Indian textile player, though more diversified and brand-led than Vishal Fabrics' pure B2B denim model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/VFLVishalDenim
• LinkedInin.linkedin.com/company/vishal-fabrics-ltd
• Instagraminstagram.com/vishal_denim_lab

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vishal Fabrics