NSE: SINGERIND · BSE: 505729
SINGER INDIA LIMITED
Sells sewing machines and home appliances in India through a network of 6,400-plus dealers and 21 exclusive retail stores. Sewing machines and related accessories generated 81.2% of FY26 revenue at an 11.6% segment EBIT margin; the range spans household machines, ZigZag models and industrial sewing machines, with the latter up 65% in Q3 FY26 against muted industry growth. Domestic appliances contributed 18.8% of FY26 revenue but ran at a -10.0% segment EBIT margin, with fans up 38% in Q3 partially offsetting a 7% segment revenue decline. The company also supplies sewing machines under the government PMY scheme — it holds 70% of an awarded 4-lakh-unit tranche, with the full first tranche targeted by June 2026. FY26 revenue of Rs 557.33 crore grew 29.1% year-on-year; other operating expenses (14.8% of revenue) and employee costs (9.3%) form the largest cost lines, while raw materials are only 4.6% of revenue. A greenfield plant proposal is targeted before end of calendar 2026 and assembly has begun at Jammu. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Sewing machines and related accessories (81%), Domestic appliances (19%). Consumer durables with a dominant, profitable sewing-machine franchise and a smaller, currently loss-making appliances business
Exhibit 1: Financial summary, FY19–FY20 (all audited; no estimate years)
| ₹ crore · consolidated | FY19 | FY20 |
|---|---|---|
| Revenue | 422 | 451 |
| EBITDA (ex other income) | 13 | 15 |
| margin % | 3.1 | 3.2 |
| Owners' profit | 9 | 8 |
| EPS, as reported (₹) | 1.68 | 1.49 |
| ROE % · ROCE % | 15.3 · 21.8 | 12.4 · 21.9 |
| Debt / equity (x) | 0.37 | 0.27 |
| Cash from operations | — | — |
| Capex | — | — |
Exhibit 2: Quarterly performance, last 5 quarters
| ₹ crore | Q4 FY19 | Q1 FY20 | Q2 FY20 | Q3 FY20 | Q4 FY20 |
|---|---|---|---|---|---|
| Revenue | 483 | 124 | 102 | 124 | 102 |
| Profit before tax | 15 | 2 | 2 | 6 | 1 |
| Net profit | 9 | 1 | 2 | 4 | 1 |
| EPS (₹) | 1.75 | 0.27 | 0.29 | 0.76 | 0.17 |
Exhibit 3: Segment revenue, FY20
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Sewing Machines and Related Accessories | 64 | 14.3 |
| Domestic Appliances | 37 | 8.2 |
| Sewing Machines and related accessories | 145 | 32.1 |
| Domestic appliances | 130 | 28.8 |
| Sewing machines and Related accessories | 75 | 16.6 |
| Total, before eliminations | 451 | 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. % |
|---|---|---|---|---|---|---|---|---|
| LG ELECTRONICS INDIA LTD | 1,15,731 | 63.4 | 15.10 | — | 22.0 | 27.2 | — | 13.8 |
| VOLTAS LTD | 34,139 | 76.0 | 5.33 | 40.0 | 5.8 | 9.9 | 13.8 | 7.6 |
| BLUE STAR LIMITED | 31,231 | 61.4 | 9.09 | 33.0 | 15.4 | 18.9 | 23.8 | 6.1 |
| AMBER ENTERPRISES (I) LTD | 23,118 | 240.2 | 3.98 | 24.8 | 3.9 | 5.3 | 32.1 | 6.1 |
| CROMPT GREA CON ELEC LTD | 13,157 | — | 3.83 | 95.2 | (6.7) | (2.1) | 11.0 | 11.0 |
| V-GUARD IND LTD. | 12,736 | 35.0 | 5.37 | 24.0 | 13.0 | 15.5 | 17.0 | 11.2 |
| WHIRLPOOL OF INDIA LTD | 10,442 | 41.6 | 2.51 | 15.1 | 7.1 | 8.1 | 6.4 | 7.6 |
| TTK PRESTIGE LTD | 7,042 | 36.4 | 3.57 | 22.4 | 7.9 | 10.2 | 6.3 | 13.0 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 50.7 | 41.6 | 11 of 19 | 44% |
| P/B | 7.3 | 4.6 | 18 of 23 | 23% |
| ROCE | 18.6 | 9.4 | 5 of 24 | 83% |
| ROE | 12.4 | 7.1 | 8 of 23 | 68% |
| Debt / Equity | 0.3 | 0.0 | 18 of 23 | 23% |
| EBITDA margin | 2.5 | 7.6 | 22 of 23 | 5% |
| Revenue growth | (79.0) | 15.4 | 22 of 22 | 0% |
| Profit growth | (90.1) | 38.1 | 19 of 21 | 10% |
| Market cap | 470 | 3595 | 20 of 24 | 17% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Oct 2026 · Compliance filing: Reg 74(5) certificate for Sep 2026 quarter | compliance | minimal | — | — |
| 24 Sept 2026 · Singer India appoints SKG and Co as Cost Auditor for FY 2026-27 | management changes | low | — | — |
| 24 Sept 2026 · Trading Window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 20 Aug 2026 · Singer India Q1 FY27 call: revenue up 57%, EBITDA up 330% | investor communications | medium | — | — |
| 13 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 12 Aug 2026 · Singer India Q1 FY27 profit jumps to Rs 300 lakh on strong revenue growth | results | high | — | — |
| 12 Aug 2026 · Singer India Q1 FY27 net profit at Rs 300 lakh vs loss; revenue up 57% | results | high | — | — |
| 10 Aug 2026 · Singer India 48th AGM: All 3 resolutions passed with 99.999% majority | board shareholder meetings | medium | — | — |
| 10 Aug 2026 · 48th AGM Results: All 3 Resolutions Passed with 99.999% Majority | compliance | minimal | — | — |
| 10 Aug 2026 · Singer India 48th AGM results: all 3 resolutions passed | 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.