Shares of small-cap textile manufacturer Vishal Fabrics witnessed a sharp rally on Tuesday, December 12, climbing as much as 9% in intra-day trading. The surge followed a significant announcement from the company regarding a major new export contract.
A Major Export Win
The company informed the stock exchanges that it has received a substantial merchant export order valued at approximately ₹100 crore. The order has been awarded by Kiran Enterprises. According to the regulatory filing signed by Managing Director Brijmohan Chiripal, the contract involves the supply of a wide and versatile range of premium denim fabrics, which is a core product category for Vishal Fabrics.
The order is classified as a merchant export order destined for key international markets. The consignment will be supplied to diverse regions, including Nigeria, Egypt, South Africa, Turkey, and Morocco. This highlights the company's expanding global footprint in the denim export segment.
Operational Timeline and Impact
Dispatches for this sizable order are scheduled to begin from January 15, 2026. The entire contract will be executed across the calendar year 2026. This order is expected to significantly bolster the company's operational pipeline for FY26 and strengthen its export revenues.
This development underscores Vishal Fabrics' growing presence in the global denim supply chain. As part of the Chiripal Group, the company continues to expand its export operations across Africa, the Middle East, and other international markets. The deal also reinforces confidence in the momentum of India's textile export sector.
Stock Performance Analysis
Driven by the order news, the small-cap stock hit an intra-day high of ₹29.50, marking a 9% gain. However, it is important to note the stock's broader performance context:
- The stock remains 27% below its 52-week high of ₹40.33, which was recorded in January 2025.
- It had touched a 52-week low of ₹21 in March 2025.
- The overall trend has been weak, with the stock falling 7.5% over the past year, 5% in the last six months, and 17% in the past three months.
Despite these declines, the stock has shown recent signs of recovery, rising 6% in the last one month. The latest export order provides a fresh positive trigger for investor sentiment.
