BSE: 521206
SAMTEX FASHIONS LTD.
Operates in the textiles and apparels segment, with historical garment-related activity reported across India and USA, but has carried out no manufacturing or business activity since 2019. The company reported zero revenue from operations in FY26 and confirmed no activity during the year on both a standalone and consolidated basis, with total income on a standalone basis at Rs 0.14 lakhs. Standalone net loss for FY26 was Rs 31.82 lakhs and consolidated net loss was Rs 37.09 lakhs, while standalone net worth is negative at Rs -1,521.75 lakhs and consolidated net worth at Rs -25,451.39 lakhs. The statutory auditor has issued a qualified opinion and flagged a 'Material Uncertainty Related to Going Concern,' noting that the group's net worth is fully eroded and current liabilities exceed current assets. A corporate guarantee of Rs 807.46 crore has been given for wholly-owned subsidiary SSA International Ltd, whose loans have been classified as non-performing assets, and SARFAESI notices have been issued against the company. The most recent filings consist largely of routine SEBI compliance paperwork — trading window closures, share transfer window advertisements, and quarterly compliance certificates from registrar Beetal Financial & Computer Services. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. INDIA, USA. Non-operating shell in the garments and apparels space, with fully eroded net worth, negative reserves, and a material going-concern uncertainty flagged by the auditor.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | (0) |
| margin % | — | — | — | — | — |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | (0.91) | (0.71) | (0.63) | 0.04 | 0.01 |
| ROE % · ROCE % | 3.0 · 3.1 | 2.4 · 2.4 | 2.0 · 2.1 | 0.2 · 0.2 | 0.2 · 0.2 |
| Debt / equity (x) | (2.45) | (2.40) | (2.35) | (2.35) | (2.35) |
| Cash from operations | (0) | (0) | (0) | (0) | (0) |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| 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 (₹) | 0.00 | 0.00 | 0.04 | (0.02) | 0.01 | 0.00 | 0.01 | 0.01 |
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. % |
|---|---|---|---|---|---|---|---|---|
| PAGE INDUSTRIES LTD | 37,812 | 50.0 | 25.16 | — | 50.8 | 58.6 | — | 21.1 |
| ARVIND LIMITED | 13,369 | 32.3 | 3.23 | 14.1 | 10.3 | 11.9 | 12.9 | 9.4 |
| PEARL GLOBAL IND LIMITED | 5,588 | 18.0 | 3.89 | 11.2 | 18.8 | 16.8 | 27.5 | 11.2 |
| GOKALDAS EXPORTS LTD. | 4,744 | 46.0 | 2.20 | 12.9 | 4.6 | 6.0 | 26.9 | 12.1 |
| LUX INDUSTRIES LIMITED | 3,496 | 32.8 | 1.92 | 19.4 | 5.8 | 7.3 | 8.4 | 8.2 |
| SBC EXPORTS LIMITED | 3,114 | 76.9 | 38.83 | 70.5 | 31.5 | 28.3 | — | 13.9 |
| KEWAL KIRAN CLOTHING LTD | 2,631 | 17.8 | 2.35 | 9.6 | 13.6 | 16.6 | 32.0 | 24.0 |
| KITEX GARMENTS LTD | 2,250 | — | 1.82 | 34.0 | (1.1) | 0.3 | 7.9 | 11.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 37.0 | 16.2 | 29 of 37 | 22% |
| ROCE | 0.2 | 8.4 | 38 of 44 | 14% |
| Profit growth | (11.8) | 6.8 | 28 of 37 | 25% |
| Market cap | 8 | 146 | 42 of 44 | 5% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 16 Oct 2026 · Independent Director Mrs. Preeti Saxena Passes Away | management changes | high | — | — |
| 15 Oct 2026 · Court orders subsidiary to pay about Rs 435 crore in debt recovery case | regulatory legal | high | — | — |
| 7 Oct 2026 · Routine compliance certificate for quarter ended Sept 2026 | compliance | minimal | — | — |
| 29 Sept 2026 · 33rd AGM: 3 resolutions passed including registered office shift | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Registered office shifting from Sikandrabad to Greater Noida from Oct 1, 2026 | general | low | — | — |
| 29 Sept 2026 · Samtex Fashions 33rd AGM held via video conferencing on Sept 29 | board shareholder meetings | low | — | — |
| 23 Sept 2026 · Trading window closed from Oct 1, 2026 for Q2 results | compliance | minimal | — | — |
| 4 Sept 2026 · Samtex Fashions 33rd AGM Notice Published, Meeting on 29 Sept 2026 | compliance | minimal | — | — |
| 3 Sept 2026 · Letter to shareholders on web link for FY25-26 Annual Report and 33rd AGM notice | compliance | minimal | — | — |
| 3 Sept 2026 · Samtex Fashions submits 33rd Annual Report for FY 2025-26, AGM on Sep 29 | compliance | medium | — | — |
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.