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 | 16.98 | 14.43 | 13.91 | 22.85 | 24.11 | 14.26 | 7.42 | 37.29 | 16.67 | 11.40 | 45.99 | 49.35 |
| Expenses | 18.37 | 15.81 | 15.68 | 23.70 | 25.49 | 14.85 | 9.47 | 34.91 | 18.32 | 11.74 | 45.44 | 46.04 |
| Operating Profit | -1.39 | -1.38 | -1.77 | -0.85 | -1.38 | -0.59 | -2.05 | 2.38 | -1.65 | -0.34 | 0.55 | 3.31 |
| OPM % | -8.19% | -9.56% | -12.72% | -3.72% | -5.72% | -4.14% | -27.63% | 6.38% | -9.90% | -2.98% | 1.20% | 6.71% |
| Other Income | 4.18 | 5.53 | 4.69 | 7.05 | 5.83 | 4.57 | -2.62 | 7.85 | 2.73 | 3.56 | -0.36 | 8.16 |
| Interest | 0.00 | 0.00 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Depreciation | 0.09 | 0.04 | 0.09 | 0.11 | 0.17 | 0.08 | 0.16 | 0.13 | 0.13 | 0.13 | 0.18 | 0.19 |
| Profit before tax | 2.70 | 4.11 | 2.79 | 6.05 | 4.24 | 3.86 | -4.87 | 10.06 | 0.91 | 3.05 | -0.03 | 11.24 |
| Tax % | 31.48% | 37.47% | 31.54% | 7.44% | 4.72% | -55.70% | -17.86% | 14.21% | 70.33% | 18.03% | 1,300.00% | 13.97% |
| Net Profit | 1.84 | 2.58 | 1.91 | 5.60 | 4.05 | 6.01 | -4.00 | 8.64 | 0.27 | 2.51 | -0.44 | 9.67 |
| EPS in Rs | 0.08 | 0.12 | 0.09 | 0.25 | 0.18 | 0.27 | -0.18 | 0.39 | 0.01 | 0.11 | -0.02 | 0.44 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 132 | 139 | 201 | 216 | 180 | 0 | 0 | 25 | 61 | 69 | 111 | 123 |
| Expenses | 126 | 126 | 187 | 208 | 173 | 5 | 5 | 30 | 66 | 74 | 110 | 122 |
| Operating Profit | 6 | 13 | 14 | 9 | 7 | -5 | -5 | -5 | -6 | -5 | 1 | 2 |
| OPM % | 4.5% | 9% | 7% | 3.9% | 4.1% | -22% | -9% | -7% | 0.8% | 1.5% | ||
| Other Income | 0 | 4 | 3 | 4 | 5 | 19 | 1 | 69 | 19 | 15 | 14 | 14 |
| Interest | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit before tax | 5 | 15 | 15 | 11 | 11 | 14 | -5 | 63 | 13 | 9 | 14 | 15 |
| Tax % | -33% | -9% | 45% | -13% | 28% | -1% | -11% | 1% | 33% | -26% | 22% | |
| Net Profit | 6 | 17 | 8 | 12 | 8 | 14 | -4 | 62 | 9 | 12 | 11 | 12 |
| EPS in Rs | 0.28 | 0.75 | 0.37 | 0.55 | 0.35 | 0.65 | -0.19 | 2.81 | 0.41 | 0.53 | 0.49 | 0.54 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -2% | % | 65% | 49% | ||
| Compounded Profit Growth | -4% | 83% | -60% | -18% | ||
| Stock Price CAGR | 1% | -13% | -20% | -24% | ||
| Return on Equity | 7% | 7% | 1% | 2% |
| 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 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 |
| Reserves | 58 | 65 | 82 | 90 | 99 | 103 | 116 | 112 | 174 | 183 | 195 | 206 |
| Borrowings | 2 | 1 | 0 | 2 | 0 | 0 | 1 | 0 | 0 | 2 | 2 | 2 |
| Other Liabilities | 17 | 15 | 15 | 26 | 21 | 10 | 5 | 6 | 2 | 5 | 2 | 3 |
| Total Liabilities | 99 | 103 | 119 | 140 | 142 | 135 | 143 | 141 | 199 | 212 | 221 | 233 |
| Fixed Assets | 10 | 8 | 17 | 17 | 16 | 16 | 12 | 12 | 12 | 13 | 15 | 16 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 13 | 33 | 31 | 44 | 66 | 38 | 71 | 90 | 138 | 135 | 139 | 158 |
| Other Assets | 76 | 62 | 71 | 79 | 61 | 81 | 60 | 38 | 49 | 63 | 67 | 59 |
| Total Assets | 99 | 103 | 119 | 140 | 142 | 135 | 143 | 141 | 199 | 212 | 221 | 233 |
| 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 | 2 | 20 | -0 | 27 | 5 | -1 | -10 | -8 | -6 | -23 | -9 | 18 |
| Cash from Investing Activity | 1 | -21 | 2 | -12 | -17 | 29 | -30 | -11 | -55 | 24 | 9 | -9 |
| Cash from Financing Activity | -5 | 1 | -1 | 0 | 2 | -14 | -0 | 1 | 0 | -0 | -0 | -0 |
| Net Cash Flow | -2 | -0 | 1 | 16 | -11 | 14 | -40 | -18 | -61 | 0 | 0 | 8 |
| Free Cash Flow | 3 | 23 | 0 | 27 | 5 | -1 | -11 | -8 | -6 | -23 | -10 | 16 |
| CFO/OP | 178% | 377% | 16% | 218% | 78% | 9% | 152% | 143% | 101% | 365% | 189% | 2,102% |
| 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 | 32 | 4 | 20 | 2 | 7 | 7 | 0 | 0 | 0 | 0 | ||
| Inventory Days | 152 | 207 | 55 | 40 | 33 | 20 | 0 | 85 | 95 | 0 | ||
| Days Payable | 4 | 5 | 12 | 38 | 40 | 17 | 2 | 1 | ||||
| Cash Conversion Cycle | 180 | 207 | 64 | 4 | -0 | 9 | 0 | 83 | 94 | 0 | ||
| Working Capital Days | 129 | 119 | 49 | 4 | 7 | 22 | 120 | 129 | 141 | 9 | ||
| ROCE % | 4% | 6% | 14% | 14% | 10% | 9% | -0% | 0% | 2% | 5% | -1% | 4% |
| 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 | 68.45% | 68.45% | 68.45% | 68.45% | 68.45% | 68.45% | 68.45% | 68.45% | 68.45% | 68.45% | 68.45% | 68.45% |
| Public | 31.54% | 31.55% | 31.55% | 31.56% | 31.54% | 31.56% | 31.55% | 31.55% | 31.56% | 31.56% | 31.56% | 31.54% |
| No. of Shareholders | 1,25,573 | 1,25,519 | 1,27,543 | 1,23,940 | 1,21,411 | 1,21,999 | 1,21,289 | 1,19,176 | 1,17,049 | 1,15,032 | 1,13,176 | 1,11,881 |
Fundamentals
Market Cap₹ 102 Cr.
Current Price₹ 4.59
Stock P/E8.49
Book Value₹ 10.3
ROCE3.71 %
ROE1.73 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)49%
Compounded Profit Growth (TTM)-18%
Standalone figures.
Valuation
Market capRs 101 Cr
Enterprise valueRs 93 Cr
P/E (TTM)8.39x
Price to book0.44x
Price to sales0.82x
EV / EBITDA5.85x
EV / EBIT6.09x
EV / sales0.76x
Price to cash flow5.72x
Earnings yield11.91%
P/E, 3-year average13.83x
P/B, 3-year average0.66x
P/E, 5-year average11.04x
P/B, 5-year average1.10x
Profitability
Operating margin (excl. other income)0.84%
Operating margin (incl. other income)13.22%
EBITDA margin12.93%
Pre-tax margin12.29%
Net profit margin9.73%
Net margin, latest quarter19.59%
ROE4.94%
ROCE6.32%
ROA4.85%
ROE, 3-year average5.00%
ROCE, 3-year average5.82%
ROA, 3-year average4.89%
ROE, 5-year average9.93%
ROCE, 5-year average10.43%
ROA, 5-year average9.68%
ROIC (approx.)5.46%
Tax rate21.57%
Other income / net worth6.05%
Growth
Sales growth (latest year)62.22%
Profit growth (latest year)-5.83%
Sales CAGR, 3 years64.58%
Profit CAGR, 3 years-43.97%
Profit CAGR, 5 years-5.38%
Sales growth QoQ7.31%
Sales growth YoY (latest quarter)32.34%
Profit growth YoY (latest quarter)11.92%
Per share
EPS (TTM)Rs 0.54
EPS (latest year)Rs 0.49
EPS (latest quarter)Rs 0.44
EPS, 3-year averageRs 0.48
EPS, 5-year averageRs 0.81
Book value per shareRs 10.26
Sales per shareRs 5.56
Cash flow per shareRs 0.79
Free cash flow per shareRs 0.72
Efficiency
Asset turnover0.48x
Fixed asset turnover7.03x
Creditor days1 days
Cash conversion cycle0 days
Working capital days9 days
Leverage
Total debtRs 2 Cr
Cash and bankRs 9 Cr
Net debtRs -7 Cr
Debt to equity0.01x
Net debt / EBITDA-0.46x
Interest coverage95.81x
Owners' fund to total sources97.93%
Debt to assets0.68%
Cash flow
Cash from Operating Activity (latest year)Rs 18 Cr
Cash from Investing Activity (latest year)Rs -9 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 8 Cr
Free cash flow (latest year)Rs 16 Cr
FCFE (approx.: FCF + change in debt)Rs 16 Cr
Cash from ops / profit, 5 years-0.31x
Sales to cash flow6.31x
Statement figures
Net sales (TTM)Rs 123 Cr
Net sales (latest year)Rs 111 Cr
Sales (latest quarter)Rs 49 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 3 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs 16 Cr
PBDT (TTM)Rs 16 Cr
Profit before tax (TTM)Rs 15 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 12 Cr
Net profit (latest year)Rs 11 Cr
Net profit (latest quarter)Rs 10 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 104 Cr
Total expenditure (latest year)Rs 110 Cr
Total income (latest year)Rs 125 Cr
Share capitalRs 22 Cr
ReservesRs 206 Cr
Shareholders' fundsRs 228 Cr
Total assetsRs 233 Cr
Net blockRs 16 Cr
InvestmentsRs 158 Cr
Other liabilitiesRs 3 Cr
Shares outstanding (crore)22.21
Ownership
Promoter holding68.45% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 8.4 is at the 46th percentile of its own 8.4-year range
(median 8.7, low 1.9, high 37.5).
P/B 0.44 is at the 14th percentile (median 0.78).
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 | 530185 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.2% | -2.8% | +0.6 pts |
| 1 month | -2.6% | -6.8% | +4.2 pts |
| 3 months | -4.4% | -7.6% | +3.2 pts |
| 3 years | -49.9% | +14.2% | -64.1 pts |
| 5 years | -53.1% | +27.9% | -81.0 pts |
Red flags
F-score 7 of 8| explain | Weak cash conversion Cash from operations was -45% of net profit over the last 3 years |
| look | Profit leans on other income Other income was 98% 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 ₹49 Cr +32.3% vs Jun 2025.
Net profit ₹10 Cr +11.9%.
Activity
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|---|---|---|---|
| K P R Mill Ltd | 36,967 | 40.5 | 19.6 % |
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| Vardhman Textiles Ltd | 15,335 | 18.1 | 8.55 % |
| Trident Ltd | 11,461 | 29.0 | 9.79 % |
| Indo Count Industries Ltd | 8,614 | 57.1 | 8.19 % |
| Garware Technical Fibres Ltd | 7,361 | 33.4 | 22.0 % |
| Kusumgar Ltd | 6,378 | 50.7 | 18.8 % |
| Filatex India Ltd | 4,973 | 25.9 | 19.1 % |
| Jindal Worldwide Ltd | 4,719 | 55.7 | 8.63 % |
| Sanathan Textiles Ltd | 4,352 | 71.6 | 6.89 % |
| Raymond Lifestyle Ltd | 4,026 | 27.0 | 3.52 % |
| Alok Industries Ltd | 3,501 | -3.95 % | |
| Nitin Spinners Ltd | 3,403 | 16.1 | 12.2 % |
| Sangam (India) Ltd | 3,248 | 25.8 | 10.7 % |
| Ganesha Ecosphere Ltd | 2,703 | 47.8 | 5.58 % |
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 Surat Trade & Merchantile Ltd?
Surat Trade & Merchantile Ltd (530185) has a market capitalisation of Rs 102 Cr. at the 2026-10-01 close.
What is the P/E ratio of Surat Trade & Merchantile Ltd?
Surat Trade & Merchantile Ltd trades at a P/E of 8.49 on trailing twelve-month profit, at the 2026-10-01 close.
What were Surat Trade & Merchantile Ltd's latest quarterly results?
In the Jun 2026 quarter, Surat Trade & Merchantile Ltd sales was Rs 49 Cr (+32.3% vs Jun 2025) and net profit was Rs 10 Cr.