BSE: 521113
SUDITI INDUSTRIES LTD.
Operates in the "Other Textile Products" segment of India's textiles and apparel industry and is listed on BSE. In FY26 the company reported consolidated revenue of Rs. 121.31 crore, up 27.05% year-on-year, with profit after tax of Rs. 10.53 crore, a 235.13% jump. The cost structure is dominated by materials at Rs. 71.73 crore (59.1% of revenue), consistent with a textile-product manufacturing profile, followed by other operating expenses (27.4%), employee cost (5.2%) and depreciation (3.2%). The company has two wholly-owned subsidiaries — Suditi Design Studio Limited and SAA & Suditi Retail Private Limited — pointing to design and retail operations alongside the parent's textile business, though both subsidiaries reported nil sales and fully eroded net worth in Q1 FY27, with the statutory auditor flagging going-concern uncertainty for them. The balance sheet is light on debt, with debt-to-equity of 0.09 and total assets of Rs. 119.03 crore. After the FY26 surge, Q1 FY27 standalone revenue from operations fell about 26% year-on-year to Rs. 1,737.59 lakhs and profit after tax slipped to Rs. 160.43 lakhs from Rs. 197.61 lakhs. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Textile products (parent operations), Retail (SAA & Suditi Retail Pvt Ltd), Design (Suditi Design Studio Ltd). Small textile-products company with a light balance sheet and stressed subsidiaries.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 103 | 103 | 68 | 95 | 121 |
| EBITDA (ex other income) | (25) | (25) | (12) | 4 | 13 |
| margin % | (24.0) | (24.6) | (17.6) | 3.8 | 11.1 |
| Owners' profit | (35) | (16) | (12) | (0) | 10 |
| EPS, as reported (₹) | (19.94) | (6.66) | (4.43) | 1.13 | 2.12 |
| ROE % · ROCE % | 186.0 · 195.1 | 176.1 · 3451.8 | 54.7 · 68.5 | 12.1 · 8.0 | 13.9 · 14.5 |
| Debt / equity (x) | (2.09) | (0.15) | (0.25) | 0.30 | 0.09 |
| Cash from operations | 6 | (3) | 1 | (24) | (15) |
| Capex | (1) | (8) | 0 | 0 | (5) |
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 | 21 | 24 | 36 | 29 | 39 | 22 | 31 | 17 |
| Profit before tax | 0 | 1 | 3 | 2 | 3 | 2 | 4 | 2 |
| Net profit | 0 | 1 | 4 | 2 | 3 | 1 | 4 | 2 |
| EPS (₹) | 0.14 | 0.46 | 1.54 | 0.53 | 0.82 | 0.33 | 0.45 | 0.32 |
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. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,325 | 40.9 | 6.55 | 27.0 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,367 | 74.1 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,669 | 17.0 | 1.39 | 11.3 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 10,870 | 27.4 | 2.28 | 13.4 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,471 | 56.1 | 3.60 | 20.4 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,310 | 35.3 | 5.40 | 22.9 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,207 | 22.0 | 2.80 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,178 | 68.8 | 2.23 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 29.8 | 16.8 | 121 of 179 | 33% |
| P/B | 3.8 | 1.1 | 160 of 185 | 14% |
| ROCE | 13.6 | 4.3 | 33 of 215 | 85% |
| ROE | 13.9 | 4.7 | 28 of 188 | 86% |
| Debt / Equity | 0.1 | 0.4 | 50 of 188 | 74% |
| EBITDA margin | 16.2 | 9.8 | 51 of 198 | 75% |
| Revenue growth | (39.3) | 6.9 | 175 of 192 | 9% |
| Profit growth | (23.3) | 20.0 | 141 of 203 | 31% |
| Market cap | 284 | 61 | 55 of 223 | 76% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Suditi Q1 FY27 margin rises to 16.09% and retail expansion plan detailed | investor communications | medium | — | — |
| 23 Oct 2026 · BSE approves listing of 4.8 million shares from warrant conversion | capital market events | low | — | — |
| 23 Oct 2026 · Q1 FY27 profit improves as Gini and Jony drives brand-led growth | investor communications | medium | — | — |
| 12 Oct 2026 · Compliance certificate for dematerialisation filed for Q2 and H1 FY27 | compliance | minimal | — | — |
| 1 Oct 2026 · Suditi Industries 35th AGM voting results - both resolutions passed | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Suditi Industries 35th AGM held on Sep 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Suditi Industries publishes 35th AGM notice, meeting on Sept 30 via video call | compliance | minimal | — | — |
| 9 Sept 2026 · Suditi Industries 35th AGM notice published in newspapers | compliance | minimal | — | — |
| 8 Sept 2026 · Suditi Industries 35th AGM Notice - Sept 30, 2026 via Video Conference | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Suditi Industries fixes Sep 30 for 35th AGM; book closure Sep 23 to 30 | compliance | minimal | — | — |
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.