Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.63 | 4.83 | 3.84 | 3.60 | 2.84 | 4.68 | 4.87 | 3.93 | 4.28 | 3.54 | 4.34 | 3.10 |
| Expenses | 1.83 | 4.15 | 2.93 | 2.96 | 2.26 | 4.19 | 4.27 | 3.41 | 3.77 | 3.11 | 4.30 | 2.81 |
| Operating Profit | -0.20 | 0.68 | 0.91 | 0.64 | 0.58 | 0.49 | 0.60 | 0.52 | 0.51 | 0.43 | 0.04 | 0.29 |
| OPM % | -12.27% | 14.08% | 23.70% | 17.78% | 20.42% | 10.47% | 12.32% | 13.23% | 11.92% | 12.15% | 0.92% | 9.35% |
| Other Income | 0.00 | 0.00 | 0.01 | 0.00 | 4.14 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.48 | 0.17 |
| Interest | 0.47 | 0.45 | 0.52 | 0.46 | 0.40 | 0.25 | 0.25 | 0.26 | 0.26 | 0.27 | 0.26 | 0.28 |
| Depreciation | 0.19 | 0.19 | 0.17 | 0.13 | 0.14 | 0.11 | 0.14 | 0.15 | 0.12 | 0.10 | 0.19 | 0.12 |
| Profit before tax | -0.86 | 0.04 | 0.23 | 0.05 | 4.18 | 0.13 | 0.23 | 0.11 | 0.13 | 0.06 | 0.07 | 0.06 |
| Tax % | 0.00% | 0.00% | 52.17% | 0.00% | 0.00% | 0.00% | -86.96% | 0.00% | 0.00% | 0.00% | -285.71% | 0.00% |
| Net Profit | -0.86 | 0.04 | 0.11 | 0.05 | 4.19 | 0.13 | 0.43 | 0.12 | 0.13 | 0.05 | 0.27 | 0.05 |
| EPS in Rs | -2.64 | 0.12 | 0.34 | 0.15 | 12.88 | 0.40 | 1.32 | 0.37 | 0.40 | 0.15 | 0.83 | 0.15 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 49.12 | 49.66 | 43.90 | 19.66 | 20.66 | 9.94 | 12.13 | 9.14 | 11.57 | 15.97 | 16.07 | 15.26 |
| Expenses | 47.91 | 46.79 | 44.20 | 25.52 | 22.26 | 10.35 | 11.34 | 9.03 | 10.39 | 13.70 | 14.57 | 13.99 |
| Operating Profit | 1.21 | 2.87 | -0.30 | -5.86 | -1.60 | -0.41 | 0.79 | 0.11 | 1.18 | 2.27 | 1.50 | 1.27 |
| OPM % | 2.46% | 5.78% | -0.68% | -29.81% | -7.74% | -4.12% | 6.51% | 1.20% | 10.20% | 14.21% | 9.33% | 8.32% |
| Other Income | 0.14 | 1.46 | 1.34 | 0.42 | 0.11 | 0.07 | 0.13 | 0.56 | 0.04 | 4.19 | 0.48 | 0.65 |
| Interest | 2.13 | 2.06 | 2.43 | 2.61 | 2.84 | 2.96 | 2.16 | 2.26 | 2.06 | 1.36 | 1.05 | 1.07 |
| Depreciation | 1.75 | 1.73 | 1.90 | 1.61 | 1.26 | 1.03 | 0.87 | 0.82 | 0.74 | 0.51 | 0.56 | 0.53 |
| Profit before tax | -2.53 | 0.54 | -3.29 | -9.66 | -5.59 | -4.33 | -2.11 | -2.41 | -1.58 | 4.59 | 0.37 | 0.32 |
| Tax % | -7.11% | 0.00% | -4.56% | -5.28% | -0.72% | 0.46% | 2.37% | 3.73% | 7.59% | -4.36% | -54.05% | |
| Net Profit | -2.36 | 0.54 | -3.13 | -9.15 | -5.55 | -4.35 | -2.17 | -2.50 | -1.70 | 4.79 | 0.57 | 0.50 |
| EPS in Rs | -7.26 | 1.66 | -9.62 | -28.13 | -17.06 | -13.37 | -6.67 | -7.69 | -5.23 | 14.73 | 1.75 | 1.53 |
| Dividend Payout % | 0.00% | 60.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -11% | 10% | 21% | -7% | ||
| Compounded Profit Growth | 8% | 16% | 31% | -32% | ||
| Stock Price CAGR | 5% | 39% | 67% | 14% | ||
| Return on Equity | % | % | % | % |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 |
| Reserves | 21.51 | 19.07 | 19.19 | 15.75 | 6.60 | 0.01 | -4.34 | -6.51 | -9.00 | -11.03 | -6.26 | -5.66 |
| Borrowings | 16.59 | 30.06 | 34.73 | 37.67 | 39.24 | 38.17 | 42.14 | 39.08 | 39.46 | 42.98 | 36.78 | 37.24 |
| Other Liabilities | 22.87 | 21.76 | 20.79 | 17.80 | 26.04 | 30.68 | 29.97 | 29.84 | 30.31 | 30.25 | 31.93 | 27.71 |
| Total Liabilities | 64.22 | 74.14 | 77.96 | 74.47 | 75.13 | 72.11 | 71.02 | 65.66 | 64.02 | 65.45 | 65.70 | 62.54 |
| Fixed Assets | 17.09 | 15.05 | 15.07 | 13.39 | 11.86 | 10.74 | 9.74 | 9.15 | 8.33 | 7.02 | 4.66 | 5.02 |
| CWIP | 0.35 | 10.41 | 13.09 | 13.09 | 15.71 | 16.00 | 16.03 | 16.03 | 16.03 | 0.00 | 0.00 | 0.00 |
| Investments | 0.43 | 0.43 | 0.71 | 0.71 | 0.40 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 |
| Other Assets | 46.35 | 48.25 | 49.09 | 47.28 | 47.16 | 45.08 | 44.96 | 40.19 | 39.37 | 58.14 | 60.75 | 57.23 |
| Total Assets | 64.22 | 74.14 | 77.96 | 74.47 | 75.13 | 72.11 | 71.02 | 65.66 | 64.02 | 65.45 | 65.70 | 62.54 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 5.30 | -1.70 | 1.43 | 4.59 | 5.13 | -2.65 | -1.15 | 5.45 | 1.65 | 15.01 | 1.61 | 1.14 |
| Cash from Investing Activity | -5.99 | -9.65 | -4.67 | -0.34 | -2.71 | -1.26 | -0.06 | -0.28 | 0.00 | -16.23 | 5.99 | -0.92 |
| Cash from Financing Activity | 1.17 | 10.97 | 2.85 | -4.06 | -2.44 | -2.68 | 1.10 | -5.12 | -1.84 | 1.55 | -7.56 | -0.59 |
| Net Cash Flow | 0.47 | -0.39 | -0.38 | 0.19 | -0.02 | -6.59 | -0.11 | 0.04 | -0.19 | 0.33 | 0.04 | -0.37 |
| Free Cash Flow | -0.77 | -11.48 | -3.00 | 4.25 | 2.42 | -3.91 | -1.21 | 5.17 | 1.65 | -1.22 | 7.60 | 0.22 |
| CFO/OP | 93% | -108% | 60% | -1,530% | -88% | 166% | 280% | 690% | 1,500% | 1,272% | 71% | 76% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 64.79 | 83.22 | 98.86 | 92.12 | 168.95 | 166.95 | 365.73 | 269.61 | 382.97 | 298.75 | 218.50 | 162.63 |
| Inventory Days | 272.88 | 361.44 | 403.35 | 525.59 | 866.98 | 842.29 | 1,694.02 | 1,208.62 | 1,745.00 | 2,839.33 | 2,294.94 | 2,311.33 |
| Days Payable | 83.26 | 131.29 | 152.95 | 136.33 | 314.02 | 397.16 | 791.71 | 670.35 | 1,097.14 | 1,013.67 | 870.27 | 735.10 |
| Cash Conversion Cycle | 254.41 | 313.37 | 349.25 | 481.39 | 721.91 | 612.08 | 1,268.05 | 807.88 | 1,030.83 | 2,124.41 | 1,643.17 | 1,738.86 |
| Working Capital Days | 74.82 | 99.35 | 231.60 | 133.11 | 146.48 | 34.45 | 307.35 | 123.07 | 110.62 | 688.04 | 637.89 | 656.64 |
| ROCE % | 11.31% | -0.85% | 4.73% | -1.95% | -13.33% | -6.08% | -3.32% | 0.13% | -0.43% | 1.39% | 5.25% | 4.14% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 25.64% | 25.64% | 25.63% | 25.64% | 25.54% | 25.63% | 25.65% | 25.65% | 25.64% | 25.64% | 25.65% | 25.65% |
| No. of Shareholders | 1,629 | 1,607 | 1,592 | 1,575 | 1,557 | 1,546 | 1,549 | 1,536 | 1,549 | 1,547 | 1,529 | 1,532 |
Fundamentals
Market Cap₹ 35.1 Cr.
Current Price₹ 108
Stock P/E70.1
Book Value₹ -7.41
ROCE4.14 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-7%
Compounded Profit Growth (TTM)-32%
Standalone figures.
Valuation
Market capRs 35 Cr
Enterprise valueRs 72 Cr
P/E (TTM)70.19x
Price to book-14.56x
Price to sales2.30x
EV / EBITDA37.48x
EV / EBIT51.77x
EV / sales4.72x
Price to cash flow30.78x
Earnings yield1.42%
P/E, 3-year average44.10x
P/B, 3-year average-9.73x
P/E, 5-year average44.10x
P/B, 5-year average-6.56x
Profitability
Operating margin (excl. other income)9.33%
Operating margin (incl. other income)12.32%
EBITDA margin12.58%
Pre-tax margin2.10%
Net profit margin3.28%
Net margin, latest quarter1.61%
ROE-21.03%
ROCE4.14%
ROA0.89%
ROE, 3-year average-28.23%
ROCE, 3-year average7.60%
ROA, 3-year average1.86%
ROE, 5-year average14.11%
ROCE, 5-year average4.50%
ROA, 5-year average-0.29%
ROIC (approx.)6.22%
Tax rate-54.05%
Other income / net worth-19.92%
Growth
Sales growth (latest year)0.63%
Profit growth (latest year)-88.10%
Sales CAGR, 3 years20.70%
Sales CAGR, 5 years10.08%
Sales growth QoQ-28.57%
Profit growth QoQ-81.48%
Sales growth YoY (latest quarter)-21.12%
Profit growth YoY (latest quarter)-58.33%
Per share
EPS (TTM)Rs 1.54
EPS (latest year)Rs 1.75
EPS (latest quarter)Rs 0.15
EPS, 3-year averageRs 3.75
EPS, 5-year averageRs -0.62
Book value per shareRs -7.41
Sales per shareRs 46.92
Cash flow per shareRs 3.51
Free cash flow per shareRs 0.68
Efficiency
Asset turnover0.26x
Fixed asset turnover3.20x
Inventory turnover0.21x
Inventory days1704 days
Debtor days163 days
Debtors turnover2.24x
Creditor days735 days
Cash conversion cycle1739 days
Working capital days657 days
Leverage
Total debtRs 37 Cr
Cash and bankRs 0 Cr
Net debtRs 37 Cr
Debt to equity-15.45x
Net debt / EBITDA19.20x
Interest coverage1.30x
Owners' fund to total sources-3.85%
Debt to assets59.55%
Cash flow
Cash from Operating Activity (latest year)Rs 1 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 0 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Sales to cash flow14.10x
Statement figures
Net sales (TTM)Rs 15 Cr
Net sales (latest year)Rs 16 Cr
Sales (latest quarter)Rs 3 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 10 Cr
Total expenditure (latest year)Rs 15 Cr
Total income (latest year)Rs 17 Cr
Share capitalRs 3 Cr
ReservesRs -6 Cr
Shareholders' fundsRs -2 Cr
Total assetsRs 63 Cr
Net blockRs 5 Cr
InvestmentsRs 0 Cr
ReceivablesRs 7 Cr
InventoryRs 45 Cr
Other liabilitiesRs 28 Cr
Shares outstanding (crore)0.33
Ownership
Promoter holding74.36% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 70.2 is at the 84th percentile of its own 2.7-year range
(median 42.2, low 5.1, high 79.3).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 514412 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -6.3% | -2.8% | -3.5 pts |
| 1 month | -8.6% | -6.8% | -1.8 pts |
| 3 months | -16.6% | -7.6% | -9.0 pts |
| 3 years | +364.1% | +14.2% | +349.9 pts |
| 5 years | +427.6% | +27.9% | +399.7 pts |
Red flags
F-score 5 of 8| serious | Negative equity Shareholders' equity is negative |
| explain | Low interest cover Interest cover 1.4x in 2026 |
| look | Profit leans on other income Other income was 130% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹3 Cr -21.1% vs Jun 2025.
Net profit ₹0 Cr -58.3%.
Activity
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|---|---|---|---|
| Metro Brands Ltd | 23,776 | 58.5 | 20.1 % |
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| Redtape Ltd | 6,494 | 26.4 | 24.5 % |
| Campus Activewear Ltd | 6,424 | 41.7 | 21.2 % |
| Sreeleathers Ltd | 675 | 20.6 | 6.97 % |
| Liberty Shoes Ltd | 382 | 44.8 | 7.91 % |
| Lehar Footwears Ltd | 355 | 21.4 | 18.1 % |
| Brandman Retail Ltd | 301 | 10.1 | 36.8 % |
| Khadim India Ltd | 212 | 47.1 | 7.79 % |
| Marc Loire Fashions Ltd | 28 | 15.6 | 12.9 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Sarup Industries Ltd?
Sarup Industries Ltd (514412) has a market capitalisation of Rs 35.1 Cr. at the 2026-09-28 close.
What is the P/E ratio of Sarup Industries Ltd?
Sarup Industries Ltd trades at a P/E of 70.1 on trailing twelve-month profit, at the 2026-09-28 close.
What were Sarup Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Sarup Industries Ltd sales was Rs 3 Cr (-21.1% vs Jun 2025) and net profit was Rs 0 Cr.