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SOURCE INDUSTRIES (INDIA) LTD.

Textiles › Textiles & Apparels
₹90.00
at close · 28 Oct 2026
▲ 1.39 (+1.57%)

Latest filings

  1. RTA certificate for share dematerialisation filed with BSE · Compliance
  2. 42nd AGM results: all 3 resolutions passed by shareholders · Board & Shareholder Meetings
  3. 42nd AGM concluded; all 3 resolutions passed with near-unanimous majority · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Classified under textiles & apparels (Other Textile Products), this BSE-listed entity (scrip code 521036) is in the middle of a strategic transformation. Shareholders approved expanding its objects clause to include railway infrastructure, metro rail, defence technology, drones, AI, and cybersecurity, and also approved a name change to "Arka Defence & Locomotives Limited" at an EGM on March 30, 2026. FY26 revenue from operations was Rs 54.27 lakhs, up from Rs 6.57 lakhs in FY25, but still very small in absolute terms. The company swung to a net profit of Rs 12.18 lakhs in FY26 from a Rs 14.55 lakhs loss the prior year, although other equity remains deeply negative at Rs -698.09 lakhs and trade receivables of Rs 208.97 lakhs are large relative to top line. Promoters — Sudhir Reddy Posireddy, N Mohan Krishna, Ram Reddy Swathi and Arka Defence Private Limited — together hold 63.21% of the equity after acquiring an additional 13.03% via an off-market transaction on July 25, 2025. The filings do not describe current products, customers, plant capacity, or operating scale of any specific business line, and the cost shape shows employee costs at 36.1% of revenue and other operating expenses at 47.7%, with materials, depreciation and capex each at 0% of revenue.

Operating scale
FY26 revenue from operations
Rs 54.27 lakhsFY26
FY26 net profit
Rs 12.18 lakhsFY26
Total assets
Rs 4.92 croreFY26
Promoter holding
63.21%July 2025
Trade receivables
Rs 208.97 lakhsFY26
Other equity (negative)
Rs -698.09 lakhsFY26
Who pays it
Not disclosed in filings
Biggest cost
Employee cost at 36.1% of revenue, followed by other operating expenses at 47.7%
Kind of business
Micro-cap shell-like entity undergoing strategic pivot from textiles to defence and railway infrastructure
Where it sits
Newly promoter-controlled BSE-listed company with a planned name change to Arka Defence & Locomotives Limited; current revenue base is negligible in absolute terms
Market Cap
₹111 Cr
P / E (TTM)
600.0×
EV / EBITDA
608.3×
Div Yield
—
Growth
62.6%▲
Revenue 5y CAGR
PAT — · EBITDA —
Quality
-1.6%·
ROCE (5y median)
ROE -1.7% (5y median) · margin 22.4%
Leverage
0.05·
Debt / Equity · low
Net debt ₹0.14 Cr
Revenue FY21→FY26
11.4×▲
Margin +267.0 pts
₹0 Cr → ₹1 Cr
Moves on a normal day
1.99%·
Median daily move
Last 134 sessions · the yardstick for filing-day moves
Where it sits among 229 Other Textile Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#176/179
P/B#182/185
ROCE#124/215
ROE#112/188
Debt / Equity#40/188
EBITDA margin#77/198
Revenue growth#6/192
Profit growth#4/203

Scorecard

Measured from the filed financials, judged against its Other Textile Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 63% a year over 5 years
Debt at 0.05× equity
lower than 79% of its 188 Other Textile Products peers
Concerns
Negative returns on capital — −1.6% (5-year median)
#124 of 215 in Other Textile Products on the latest reported figures · up from −2.5% in FY21
Heavy working capital — 1393 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SOURCE INDUSTRIES (INDIA) LTD.'s filed financials and exchange disclosures

What does SOURCE INDUSTRIES (INDIA) LTD. do?

SOURCE INDUSTRIES (INDIA) LTD. is a Textiles & Apparels company listed on BSE.

Is SOURCE INDUSTRIES (INDIA) LTD. profitable?

Yes. Over the trailing twelve months SOURCE INDUSTRIES (INDIA) LTD. reported a net profit of ₹0.18 Cr on revenue of ₹1.02 Cr.

Does SOURCE INDUSTRIES (INDIA) LTD. pay a dividend?

Not in the latest reported year — SOURCE INDUSTRIES (INDIA) LTD.'s dividend payout for FY26 was nil.

Is SOURCE INDUSTRIES (INDIA) LTD. debt-free?

No. It reported borrowings of ₹0.20 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹0.14 Cr after cash. Debt stands at 0.05× equity. That is lower than 79% of its 188 Other Textile Products peers.

Is SOURCE INDUSTRIES (INDIA) LTD. expensive compared with its peers?

On trailing P/E, SOURCE INDUSTRIES (INDIA) LTD. ranks 176 of 179 in Other Textile Products — cheaper than 2% of them, against an industry median of 16.8×. This is a position, not a valuation judgement.

How much does the SOURCE INDUSTRIES (INDIA) LTD. share price move in a day?

On a typical session SOURCE INDUSTRIES (INDIA) LTD. moves 1.99% — that is the median absolute close-to-close move across its last 134 trading days. MarketPing measures each filing's price reaction against it.

Where can I track SOURCE INDUSTRIES (INDIA) LTD.'s announcements?

Every NSE and BSE filing by SOURCE INDUSTRIES (INDIA) LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.