BSE: 540132
Sabrimala Industries India Lim
Classified under Trading & Distributors, the company reports two business segments — Trading and Acquisition of Stressed Assets — but neither has generated any operational revenue. For FY26, revenue from operations was Rs 0.24 lakhs (0.0024 crore), while virtually all of the Rs 83.92 lakhs of total income came from 'other income', described across filings as interest income (mostly from inter-corporate deposits and investments). The Trading segment, which recorded Rs 0.24 lakhs of revenue in the year-to-date period, posted losses in most quarters of FY25 and FY26. The Acquisition of Stressed Assets segment has reported zero revenue and zero EBIT across the periods shown. Therefore, the business as currently run is best described as a shell-style entity on the BSE with no real trading or asset-acquisition activity, sustaining itself mainly on interest receipts. The company has negative other equity of Rs -143.86 lakhs (FY26) and operating cash flow that has been negative in most reported periods, indicating the structure is consuming cash rather than generating it from operations. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Trading (100%), Acquisition of Stressed Assets (0%), Other income (interest). Effectively a non-operating, cash-consuming entity with two nominal segments (Trading and Acquisition of Stressed Assets) and no real operating activity.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 1 | 6 | 0 | 0 |
| EBITDA (ex other income) | (1) | (1) | (0) | (0) | (0) |
| margin % | (7165.7) | (55.6) | (4.9) | — | (15220.8) |
| Owners' profit | (0) | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | (0.18) | (0.31) | 0.38 | 0.53 | 0.38 |
| ROE % · ROCE % | (2.4) · (2.4) | (4.3) · (4.4) | 5.0 · 7.8 | 6.7 · 8.9 | 4.6 · 6.5 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (1) | 1 | (0) | (0) | (1) |
| Capex | 0 | 0 | 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 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0) |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0) |
| EPS (₹) | 0.13 | 0.15 | 0.20 | 0.10 | 0.16 | 0.14 | 0.15 | 0.07 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 28,026 | 16.5 | 2.69 | 13.1 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,680 | 17.2 | 3.62 | 16.4 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 3,932 | 16.8 | 4.35 | 11.5 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,637 | 25.1 | 4.23 | 18.8 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,125 | — | 12.51 | — | (0.0) | (0.0) | — | 45.0 |
| The Yamuna Syndicate Ltd | 737 | 8.1 | 0.57 | 185.4 | 4.0 | 0.3 | 4.8 | 6.2 |
| SHIV AUM STEELS LIMITED | 734 | 64.6 | 6.08 | 46.9 | 6.0 | 6.9 | — | 4.9 |
| THE STATE TRADING CORPN | 601 | 0.9 | — | 50.9 | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 46.4 | 14.3 | 107 of 130 | 18% |
| P/B | 2.9 | 0.9 | 116 of 150 | 23% |
| ROCE | 6.3 | 2.1 | 59 of 177 | 67% |
| ROE | 4.6 | 2.3 | 61 of 158 | 62% |
| Debt / Equity | 0.0 | 0.1 | 1 of 154 | 73% |
| Profit growth | (166.8) | 0.6 | 134 of 157 | 15% |
| Market cap | 21 | 21 | 93 of 179 | 48% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Ankit Tiwari appointed Chief Financial Officer | management changes | high | — | — |
| 9 Oct 2026 · RTA Certificate under SEBI Regulation 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 26 Sept 2026 · Non-promoter shareholder Vivek Raheja sells 2.29 percent stake on BSE | ownership changes | high | — | — |
| 25 Sept 2026 · Trading window closed for Q2 and H1 FY26 results period | compliance | minimal | — | — |
| 16 Sept 2026 · 42nd AGM results: all resolutions passed with over 99.99 percent approval | compliance | minimal | — | — |
| 15 Sept 2026 · Three directors regularised at 42nd AGM | management changes | medium | — | — |
| 15 Sept 2026 · Sabrimala Industries holds 42nd AGM on Sept 15, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Clarification on appointment of Additional Executive Director | management changes | medium | — | — |
| 21 Aug 2026 · Letter to shareholders about FY2025-26 Annual Report and 42nd AGM | compliance | minimal | — | — |
| 20 Aug 2026 · 42nd AGM notice filed; meeting on Sept 15, 2026 via video conferencing | board shareholder meetings | low | — | — |
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.