NSE: SUMEETINDS · BSE: 514211
SUMEET IND LIMITED
Manufactures polyester products — primarily Bottle Grade PET Chips for packaging and polyester yarn for textiles. The business is mid-expansion: a recently acquired Nakoda CP Plant will add 140,000 TPA of PET Chips capacity (commissioning targeted for Q1 FY27-28), alongside a 15,000 TPA polyester yarn expansion approved at a Rs 30 crore outlay. A separate acquisition of Nakoda's Phase-3 Polyester Chips assets added 400 TPD of polyester chips capacity. Raw materials dominate the cost stack at 76.7% of revenue, with employees at 3.2% and other operating expenses at 14.8%. FY26 revenue was Rs 1,050.4 crore at a 5.82% EBITDA margin. A Rs 199.75 crore Rights Issue closed in July 2026 is funding Rs 100 crore of working capital, Rs 49.90 crore for the Nakoda PET Chips plant integration, Rs 23 crore of debt prepayment, and Rs 22 crore for a 6.5 MW captive solar plant. The business was taken over by Eagle Group under an NCLT order in July 2024. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Bottle Grade PET Chips, Polyester Yarn. Material-intensive polyester and PET chip manufacturing, mid-capacity expansion.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 894 | 1,033 | 985 | 1,003 | 1,050 |
| EBITDA (ex other income) | 34 | (39) | (40) | 202 | 58 |
| margin % | 3.8 | (3.8) | (4.1) | 20.1 | 5.5 |
| Owners' profit | 0 | (59) | 0 | 0 | 27 |
| EPS, as reported (₹) | 0.07 | (5.67) | (5.82) | 16.17 | 53.00 |
| ROE % · ROCE % | (5.5) · 69.8 | 50.5 · 149.8 | 33.4 · 61.8 | 91.9 · 70.3 | 12.9 · 13.0 |
| Debt / equity (x) | (10.44) | (4.20) | (2.77) | 0.38 | 0.75 |
| Cash from operations | 61 | 73 | 15 | 410 | (35) |
| Capex | (1) | (1) | (0) | (3) | (42) |
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 | 242 | 252 | 243 | 248 | 269 | 267 | 266 | 272 |
| Profit before tax | 14 | 97 | 77 | 8 | 10 | 9 | 5 | 2 |
| Net profit | 14 | 97 | 68 | 8 | 10 | 9 | 8 | 1 |
| EPS (₹) | 1.31 | 9.38 | 6.27 | 0.76 | 0.92 | 0.18 | 0.15 | 0.03 |
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) | 7.3 | 16.8 | 30 of 179 | 84% |
| P/B | 2.3 | 1.1 | 143 of 185 | 23% |
| ROCE | 9.9 | 4.3 | 56 of 215 | 74% |
| ROE | 12.9 | 4.7 | 34 of 188 | 82% |
| Debt / Equity | 0.8 | 0.4 | 131 of 188 | 31% |
| EBITDA margin | 3.3 | 9.8 | 152 of 198 | 23% |
| Revenue growth | 9.6 | 6.9 | 81 of 192 | 58% |
| Profit growth | (85.7) | 20.0 | 165 of 203 | 19% |
| Market cap | 495 | 61 | 42 of 223 | 82% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board meeting rescheduled to November 3 for September 2026 results | results | low | — | — |
| 24 Oct 2026 · Board to approve September 2026 quarterly and half-year results | results | low | — | — |
| 10 Oct 2026 · Filing of SEBI Regulation 74(5) certificate for Q2 FY26 | compliance | minimal | — | — |
| 5 Oct 2026 · Investor meeting update - no price sensitive info shared | investor communications | low | — | — |
| 1 Oct 2026 · All 8 resolutions passed at 38th AGM | board shareholder meetings | low | — | — |
| 29 Sept 2026 · 38th AGM: FY26 results, capex plans and key resolutions approved | board shareholder meetings | medium | — | — |
| 26 Sept 2026 · Closure of Trading Window for quarter and half year ended on 30.09.2026 | compliance | minimal | — | — |
| 21 Sept 2026 · Investor and analyst meeting scheduled for 30 September 2026 | board shareholder meetings | low | — | — |
| 19 Sept 2026 · Conversion of Preference Shares to Equity - 84.31 lakh shares to 6 non-promoter allottees | fund raising | medium | — | — |
| 19 Sept 2026 · Sumeet Industries allots 84.31 lakh shares on OCRP conversion to non-promoters | fund raising | 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.