Operates three businesses from India — exports readymade garments under its own F-Route brand and on contract for overseas buyers, supplies IT and technical/non-technical manpower to government institutions, and runs a travel services operation through its wholly-owned subsidiary Mauji Trip Limited. In FY26, the three segments contributed ₹171.23 crore from Garments Sales (42.2% of segment revenue), ₹130.19 crore from IT Support Services (32.1%) and ₹104.07 crore from Tour & Travel Services (25.7%). Garments was the most profitable segment, with EBIT of ₹32.59 crore, against ₹11.24 crore for IT Support and ₹4.71 crore for Tour & Travel. The garments arm sells to international buyers — including a ₹18 crore order from Dubai-based HUXXE Readymade Garments Trading LLC — and sells direct-to-consumer via the F-Route clothing brand website launched in June 2026. The IT Support arm places staff at government bodies, including a ~₹32 crore manpower contract extension at MPMMCC and Homi Bhabha Cancer Hospital at BHU, Varanasi, and a ₹52.19 lakh supply order from the Ministry of Electronics and IT via NICSI. Materials are the dominant cost at 59.2% of FY26 revenue, with employees at 3.1% and other operating expenses at 2.6%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Garments Sales (42%), IT Support Services (32%), Tour & Travel Services (26%). Diversified small-cap with three segments — garment exports, government-contract manpower, and travel services
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 169 | 196 | 209 | 300 | 403 |
| EBITDA (ex other income) | 8 | 11 | 17 | 18 | 33 |
| margin % | 4.5 | 5.4 | 8.0 | 6.1 | 8.3 |
| Owners' profit | 0 | 7 | 9 | 13 | 0 |
| EPS, as reported (₹) | 0.16 | 0.33 | 0.30 | 0.28 | 0.53 |
| ROE % · ROCE % | 13.1 · 23.6 | 19.7 · 28.3 | 21.3 · 27.1 | 24.0 · 30.6 | 31.5 · 37.5 |
| Debt / equity (x) | 0.00 | 0.00 | 0.56 | 2.45 | 2.83 |
| Cash from operations | 5 | (12) | (5) | (69) | (72) |
| Capex | (2) | (4) | (17) | (6) | (14) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 66 | 72 | 96 | 72 | 85 | 104 | 142 | 121 |
| Profit before tax | 5 | 4 | 4 | 3 | 11 | 11 | 8 | 13 |
| Net profit | 5 | 4 | 4 | 3 | 11 | 11 | 8 | 10 |
| EPS (₹) | 0.17 | 0.11 | 0.08 | 0.14 | 0.24 | 0.24 | 0.17 | 0.20 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| IT Support Services | 96 | 23.6 |
| Garments Sales | 135 | 33.3 |
| Tour & Travel Services | 50 | 12.3 |
| Garments | 36 | 8.9 |
| IT & Manpower | 34 | 8.5 |
| Tour and Travel Services | 34 | 8.5 |
| Tour & Travel Services | 20 | 4.9 |
| Total, before eliminations | 405 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % |
|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · Newspaper publication of 15th AGM Notice filed | compliance | minimal | — | — |
| 5 Sept 2026 · SBC Exports - 15th AGM Notice and Annual Report Web-Link Intimation | compliance | minimal | — | — |
| 5 Sept 2026 · FY2025-26 report shows 35% revenue and 89% profit growth | results | high | — | — |
| 5 Sept 2026 · SBC Exports Annual Report FY26: 34% revenue growth, 89% PBT rise | compliance | low | — | — |
| 5 Sept 2026 · Notice of 15th AGM on September 30, 2026 with key approvals | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Export order worth INR 22 Cr from Dubai textile firm Gawgee Brothers | business updates | high | — | — |
| 4 Sept 2026 · Export order worth INR 7.5 Cr received from Dubai-based HUXXE | business updates | medium | — | — |
| 27 Aug 2026 · AGM set for 30 Sep 2026, cost auditor appointed | management changes | medium | — | — |
| 27 Aug 2026 · Cost Auditor appointed and 15th AGM scheduled for Sept 30, 2026 | management changes | medium | — | — |
| 20 Aug 2026 · SBC Exports Q1 FY27: Revenue up 67 percent, PAT jumps 269 percent | compliance | low | — | — |
| 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 |
| ROCE % |
|---|
| Rev CAGR 5y % |
|---|
| EBITDA m. % |
|---|
| PAGE INDUSTRIES LTD | 39,474 | 52.2 | 26.27 | — | 50.8 | 58.6 | — | 21.1 |
| ARVIND LIMITED | 15,120 | 36.5 | 3.65 | 15.8 | 10.3 | 11.9 | 12.9 | 9.4 |
| GOKALDAS EXPORTS LTD. | 5,773 | 56.0 | 2.67 | 15.3 | 4.6 | 6.0 | 26.9 | 12.1 |
| PEARL GLOBAL IND LIMITED | 5,506 | 17.7 | 3.83 | 11.0 | 18.8 | 16.8 | 27.5 | 11.2 |
| LUX INDUSTRIES LIMITED | 3,443 | 32.3 | 1.89 | 19.2 | 5.8 | 7.3 | 8.4 | 8.2 |
| KEWAL KIRAN CLOTHING LTD | 3,051 | 20.6 | 2.73 | 11.2 | 13.6 | 16.6 | 32.0 | 24.0 |
| S. P. APPARELS LIMITED | 2,582 | 24.5 | 2.75 | 12.4 | 10.7 | 14.2 | 19.3 | 15.9 |
| KITEX GARMENTS LTD | 2,473 | — | 2.00 | 36.2 | (1.1) | 0.3 | 7.9 | 11.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 56.9 | 17.7 | 36 of 39 | 8% |
| P/B | 28.7 | 1.6 | 35 of 35 | 0% |
| ROCE | 28.3 | 8.4 | 3 of 44 | 95% |
| ROE | 31.5 | 5.8 | 3 of 37 | 94% |
| Debt / Equity | 2.8 | 0.3 | 36 of 37 | 3% |
| EBITDA margin | 13.9 | 10.4 | 11 of 35 | 71% |
| Revenue growth | 67.1 | 7.9 | 4 of 37 | 92% |
| Profit growth | 176.9 | 6.8 | 3 of 37 | 94% |
| Market cap | 2302 | 158 | 9 of 44 | 81% |
| 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 |
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.
