BSE: 514197
S&T CORPORATION LTD.
Operates three revenue streams from a Mumbai base: textile trading, real estate, and property leasing. Textile trading was launched in Q3 FY26 and became the largest contributor to FY26 operating income. The real estate segment, described in BSE filings as the company's builder-developer activity, generated small revenue in FY26 and reported a loss. Property leasing is the only segment to show a profit. The promoter family holds the majority of paid-up capital, and the company has a subsidiary, Ssavai Smart Abodes LLP, which had negligible revenue. The business is small enough that its paid-up capital and net worth fall below the SEBI thresholds triggering several mandatory disclosures. Employee costs ran at 5.3% of revenue and other operating expenses at 8.7%, with materials reported at 0% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Textile Trading, Real Estate, Leasing of Properties. Small Mumbai-based builder-developer that added textile trading in Q3 FY26, with a small property-leasing arm
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 0 | 0 | 2 |
| EBITDA (ex other income) | (0) | (0) | (0) |
| margin % | (3982.4) | (129.7) | (6.7) |
| Owners' profit | 0 | 0 | 0 |
| EPS, as reported (₹) | (0.05) | 0.01 | 0.00 |
| ROE % · ROCE % | (1.2) · (1.2) | 0.3 · 0.2 | 0.0 · 0.0 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 |
| Cash from operations | (2) | 1 | (0) |
| Capex | (0) | 0 | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | (0) | 0 | 0 | (0) | (0) | 0 | (0) | 0 |
| Net profit | (0) | 0 | 0 | (0) | (0) | 0 | (0) | 0 |
| EPS (₹) | (0.02) | 0.16 | 0.00 | (0.12) | 0.02 | 0.02 | 0.00 | 0.00 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Revenue from Textile Trading | 2 | 85.8 |
| Revenue from Real Estate Operation | 0 | 10.1 |
| Revenue from Leasing of Properties | 0 | 4.1 |
| Total, before eliminations | 2 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,325 | 40.9 | 6.55 | 27.0 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,367 | 74.1 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,669 | 17.0 | 1.39 | 11.3 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 10,870 | 27.4 | 2.28 | 13.4 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,471 | 56.1 | 3.60 | 20.4 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,310 | 35.3 | 5.40 | 22.9 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,207 | 22.0 | 2.80 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,178 | 68.8 | 2.23 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 101.3 | 16.8 | 165 of 179 | 8% |
| P/B | 1.0 | 1.1 | 81 of 185 | 57% |
| ROCE | 0.0 | 4.3 | 169 of 215 | 22% |
| ROE | 0.0 | 4.7 | 151 of 188 | 20% |
| Debt / Equity | 0.0 | 0.4 | 1 of 188 | 89% |
| EBITDA margin | 1.7 | 9.8 | 165 of 198 | 17% |
| Revenue growth | 1567.8 | 6.9 | 7 of 192 | 97% |
| Profit growth | 102.0 | 20.0 | 54 of 203 | 74% |
| Market cap | 13 | 61 | 189 of 223 | 15% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Routine filing of RTA compliance certificate for Q2 FY26 | compliance | minimal | — | — |
| 12 Oct 2026 · Notice on securities transfer published in newspapers | compliance | minimal | — | — |
| 28 Sept 2026 · S&T Corporation 42nd AGM voting results: both resolutions passed with 99.98% support | board shareholder meetings | low | — | — |
| 28 Sept 2026 · S and T Corporation holds 42nd AGM via video conferencing | board shareholder meetings | low | — | — |
| 28 Sept 2026 · S&T Corporation 42nd AGM held; financial statements adopted, director re-appointed | board shareholder meetings | low | — | — |
| 25 Sept 2026 · Trading Window Closure for Q2 and H1 FY2026-27 | compliance | minimal | — | — |
| 19 Sept 2026 · Duplicate share certificate issued to shareholder | compliance | minimal | — | — |
| 4 Sept 2026 · Duplicate Share Certificate Issued for 460 Lost Shares | compliance | minimal | — | — |
| 4 Sept 2026 · Annual Report FY26 web-link sent; 42nd AGM on Sept 28, 2026 | compliance | minimal | — | — |
| 4 Sept 2026 · AGM notice published in newspapers; 42nd AGM on 28 Sept 2026 | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.