MarketFriction

Sindhu Trade Links Ltd

NSE SINDHUTRAD · BSE 532029 · Coal
₹22.23 -2.88%
NSE close2026-10-01
52 week range17.64 - 29.38
Market cap₹3,520 Cr.
P/E45.5
Price band 20% Delivery 44.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales397416446554370511297165124119115129
Expenses377350471414462454627152126116110108
Operating Profit1966-26140-9357-32913-23521
OPM %4.9%16%-6%25%-25%11%-111%8%-1.6%2.5%4.5%16%
Other Income7958-4726692852230273142
Interest421443323738141012111712
Depreciation1144714828433338
Profit before tax5696-120102128-1-632312151644
Tax %10%3%-15%30%9%800%-6%17%12%9%13%12%
Net Profit5093-10272117-7-591911141439
EPS in Rs0.330.60-0.660.460.76-0.05-0.380.120.070.090.090.25
Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9661,2811,5361,1768921,0071,1771,6851,731524488
Expenses8211,0981,3861,0938498901,1251,5381,643502461
Operating Profit146183150834311751147882227
OPM %15%14%10%7%4.8%12%4.4%9%5%4.2%6%
Other Income181526358248158150254109130
Interest60921451401551711611521215152
Depreciation2930514636323168551317
Profit before tax7575-21-67-67-3917771666688
Tax %52%54%165%48%23%36%121%8%27%13%
Net Profit3933-54-99-82-53-3711225777
EPS in Rs0.270.29-0.35-0.64-0.16-0.060.000.370.170.270.50
Dividend Payout %0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-6%-10%-24%-64%
Compounded Profit Growth0%24%116%12%
Stock Price CAGR%15%-5%-16%
Return on Equity%2%3%3%
Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital5151515151154154154154
Reserves2352961,1611,1341,1311,1781,3421,4541,599
Borrowings9391,1941,1561,3061,2851,6381,017372463
Other Liabilities3046272,1461,9822,1532,0222,148754671
Total Liabilities1,5302,1674,5154,4734,6214,9924,6612,7332,887
Fixed Assets6627083,2383,1603,2643,4633,4888279
CWIP540000001
Investments109422742852351771911,9222,005
Other Assets7551,4141,0041,0291,1221,352982729802
Total Assets1,5302,1674,5154,4734,6214,9924,6612,7332,887
Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-237-450-51129-108691-5143
Cash from Investing Activity-2418212-915265374-64
Cash from Financing Activity26331436-127-23-688-4088
Net Cash Flow246-3-72168-84-13
Free Cash Flow-268-506-14102-40613-7439
CFO/OP-135%-231%-64%115%-172%464%-58%203%
Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days73158761221351217573230
Inventory Days711321678
Days Payable11928073132
Cash Conversion Cycle2610181221351217573176
Working Capital Days-4259-112-117-77-14318100395
ROCE %11%1%4%5%6%16%5%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Aug 2026
Promoters74.97%74.97%74.97%74.97%74.97%74.96%74.97%74.97%74.97%74.97%74.97%73.93%
FIIs0.28%0.06%0.06%0.00%0.00%0.04%2.15%2.93%3.18%3.18%3.18%6.43%
DIIs0.00%0.02%0.04%0.05%0.06%0.01%0.00%0.00%0.00%0.00%0.00%0.00%
Public24.75%24.95%24.93%24.98%24.96%25.00%22.88%22.10%21.84%21.84%21.86%19.64%
No. of Shareholders16,18233,85334,85338,46141,64247,78840,69045,06343,75443,75439,74939,041

Fundamentals

Market Cap₹ 3,520 Cr.
Current Price₹ 22.9
Stock P/E45.5
Book Value₹ 12.9
ROCE4.55 %
ROE2.52 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-64%
Compounded Profit Growth (TTM)12%
Consolidated figures.
Valuation
Market capRs 3,428 Cr
Enterprise valueRs 3,846 Cr
P/E (TTM)44.29x
Price to book1.96x
Price to sales7.02x
EV / EBITDA24.44x
EV / EBIT27.49x
EV / sales7.88x
Price to cash flow79.16x
Earnings yield2.26%
P/E, 3-year average83.61x
P/B, 3-year average2.10x
P/E, 5-year average1716.43x
P/B, 5-year average1.97x
Profitability
Operating margin (excl. other income)4.23%
Operating margin (incl. other income)25.00%
EBITDA margin32.25%
Pre-tax margin17.95%
Net profit margin15.86%
Net margin, latest quarter29.98%
ROE2.47%
ROCE5.62%
ROA1.47%
ROE, 3-year average2.71%
ROCE, 3-year average8.92%
ROA, 3-year average1.12%
ROE, 5-year average1.47%
ROCE, 5-year average7.73%
ROA, 5-year average0.63%
ROIC (approx.)5.58%
Tax rate13.41%
Other income / net worth6.21%
Growth
Sales growth (latest year)-69.73%
Profit growth (latest year)61.46%
Sales CAGR, 3 years-23.63%
Sales CAGR, 5 years-10.08%
Profit CAGR, 3 years369.63%
Sales growth QoQ12.10%
Profit growth QoQ177.51%
Sales growth YoY (latest quarter)-21.85%
Profit growth YoY (latest quarter)106.17%
Per share
EPS (TTM)Rs 0.50
EPS (latest year)Rs 0.27
EPS (latest quarter)Rs 0.25
EPS, 3-year averageRs 0.27
EPS, 5-year averageRs 0.12
Book value per shareRs 11.37
Sales per shareRs 3.16
Cash flow per shareRs 0.28
Free cash flow per shareRs 0.25
Efficiency
Asset turnover0.18x
Fixed asset turnover6.64x
Inventory turnover25.10x
Inventory days15 days
Debtor days230 days
Debtors turnover1.59x
Creditor days132 days
Cash conversion cycle176 days
Working capital days395 days
Leverage
Total debtRs 463 Cr
Cash and bankRs 45 Cr
Net debtRs 418 Cr
Debt to equity0.26x
Net debt / EBITDA2.66x
Interest coverage2.67x
Current ratio (filing 2026-03-31)4.84x
Quick ratio (filing 2026-03-31)4.76x
Trade payables (filing 2026-03-31)Rs 28 Cr
Owners' fund to total sources60.72%
Debt to assets16.04%
Cash flow
Cash from Operating Activity (latest year)Rs 43 Cr
Cash from Investing Activity (latest year)Rs -64 Cr
Cash from Financing Activity (latest year)Rs 8 Cr
Net Cash Flow (latest year)Rs -13 Cr
Free cash flow (latest year)Rs 39 Cr
FCFE (approx.: FCF + change in debt)Rs 130 Cr
Cash from ops / profit, 5 years3.63x
Sales to cash flow12.10x
Statement figures
Net sales (TTM)Rs 488 Cr
Net sales (latest year)Rs 524 Cr
Sales (latest quarter)Rs 129 Cr
Operating profit excl. other income (latest year)Rs 22 Cr
Operating profit (latest quarter)Rs 21 Cr
Other income (TTM)Rs 130 Cr
EBITDA (TTM)Rs 157 Cr
PBDT (TTM)Rs 105 Cr
Profit before tax (TTM)Rs 88 Cr
Tax (latest year)Rs 9 Cr
Net profit (TTM)Rs 77 Cr
Net profit (latest year)Rs 41 Cr
Net profit (latest quarter)Rs 39 Cr
Depreciation (TTM)Rs 17 Cr
Depreciation (latest quarter)Rs 8 Cr
Interest (TTM)Rs 52 Cr
Cost of goods sold (latest year)Rs 413 Cr
Total expenditure (latest year)Rs 502 Cr
Total income (latest year)Rs 633 Cr
Share capitalRs 154 Cr
ReservesRs 1,599 Cr
Shareholders' fundsRs 1,753 Cr
Total assetsRs 2,887 Cr
Net blockRs 79 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 2,005 Cr
ReceivablesRs 330 Cr
InventoryRs 16 Cr
Other liabilitiesRs 671 Cr
Shares outstanding (crore)154.19
Ownership
Promoter holding73.93% (-1.04 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 44.3 is at the 61th percentile of its own 3.7-year range (median 27.8, low 2.5, high 71.8).
P/B 1.96 is at the 38th percentile (median 2.18).
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.
PeriodSINDHUTRADNifty 50Difference
1 week-6.0%-2.8% -3.3 pts
1 month-9.3%-6.8% -2.5 pts
3 months-19.6%-7.6% -12.0 pts
6 months+6.8%+0.4% +6.4 pts
1 year-20.2%-9.9% -10.2 pts
2 years-0.3%-13.6% +13.3 pts
3 years-17.7%+14.2% -31.8 pts
5 years+86.8%+27.9% +58.9 pts
1 mutual fund schemes hold about ₹0 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal BSE 1000 Index Fund0.01%0

Red flags

F-score 5 of 8
explainReceivables outrunning sales Receivables grew -4% vs sales -70% in 2026
lookProfit leans on other income Other income was 164% 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 2026
Sales ₹129 Cr -21.8% vs Jun 2025. Net profit ₹39 Cr +105.3%.
Against our estimate for Jun 2026: sales +30.3%, profit +238.4% in line. Our estimate for Sep 2026: sales Rs 74 Cr, profit Rs 9 Cr (how).

Activity

Compare
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Foundry Fuel Products Ltd5%
No bulk or block deals on record.
Ex-dateActionFactor
2024-09-19Annual General Meeting
2023-09-15Annual General Meeting
DateTypeWhat it says
2026-10-01Disclosure under SEBI TakeovSindhu Trade Links Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acqui...
2026-10-01Disclosure under SEBI TakeovRudra Sen Sindhu, Vir Sen Sindhu has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any...
2026-10-01General UpdatesGeneral Updates
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.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Sindhu Trade Links Ltd?

Sindhu Trade Links Ltd (SINDHUTRAD) has a market capitalisation of Rs 3,520 Cr. at the 2026-10-01 close.

What is the P/E ratio of Sindhu Trade Links Ltd?

Sindhu Trade Links Ltd trades at a P/E of 45.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Sindhu Trade Links Ltd's latest quarterly results?

In the Jun 2026 quarter, Sindhu Trade Links Ltd sales was Rs 129 Cr (-21.8% vs Jun 2025) and net profit was Rs 39 Cr.

What is the 52-week high and low of Sindhu Trade Links Ltd?

The 52-week high is Rs 29.38 and the 52-week low is Rs 17.64.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03