NSE: SUNRAKSHAK · BSE: 539300
SUNRAKSHAKK INDUS IND L
Operates as a diversified FMCG-led manufacturing platform (formerly A.K. Spintex), producing soap noodles, cosmetics, personal care, home care items, edible oils, savories and spices, alongside a residual textile business. Manufacturing is spread across Bhilwara (Rajasthan), Roorkee (Uttarakhand) and Guwahati (Assam); the Guwahati unit was commissioned in January 2026 with stated capacity of 2,160 MT/month for soap noodles and 1,000 MT/month for cosmetics, and supports Northeast market reach. The customer base spans large Indian FMCG companies — ITC, Godrej, Patanjali, Jyothy Labs, HUL and Wipro are named — with parent group RCM accounting for 30-40% of FMCG demand. Edibles (savories and spices) entered via the December 2024 acquisition of Sunrakshak Agro Products and is positioned as a third growth pillar. The largest input cost is raw materials at 69.2% of revenue, followed by other operating expenses at 17.8%; depreciation is 2.3% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. FMCG and FMCG intermediates, Textiles, Edibles. Cyclical, pivot from textiles to FMCG-led contract manufacturing; asset expansion via Guwahati and acquisition of Sunrakshak Agro Products
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 180 | 608 |
| EBITDA (ex other income) | 26 | 59 |
| margin % | 14.2 | 9.7 |
| Owners' profit | 0 | 35 |
| EPS, as reported (₹) | 21.88 | 11.65 |
| ROE % · ROCE % | 21.3 · 18.7 | 18.9 · 21.8 |
| Debt / equity (x) | 0.80 | 0.24 |
| Cash from operations | 0 | (34) |
| Capex | (22) | (59) |
Exhibit 2: Quarterly performance, last 5 quarters
| ₹ crore | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|
| Revenue | 103 | 125 | 121 | 164 | 198 |
| Profit before tax | 8 | 8 | 9 | 12 | 16 |
| Net profit | 6 | 7 | 7 | 9 | 12 |
| EPS (₹) | 12.79 | 12.03 | 11.21 | 3.03 | 3.90 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| TEXTILE | 102 | 16.8 |
| FMCG | 506 | 83.2 |
| Total, before eliminations | 608 | 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. % |
|---|---|---|---|---|---|---|---|---|
| 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 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 11.6 | 16.8 | 65 of 179 | 64% |
| P/B | 5.9 | 1.1 | 172 of 185 | 7% |
| ROCE | 20.2 | 4.3 | 15 of 215 | 94% |
| ROE | 18.9 | 4.7 | 17 of 188 | 91% |
| Debt / Equity | 0.2 | 0.4 | 77 of 188 | 59% |
| EBITDA margin | 10.6 | 9.8 | 92 of 198 | 54% |
| Revenue growth | 92.3 | 6.9 | 21 of 192 | 90% |
| Profit growth | 88.0 | 20.0 | 59 of 203 | 71% |
| Market cap | 1085 | 61 | 25 of 223 | 89% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Routine RTA compliance certificate filed for Q2 FY27 | compliance | minimal | — | — |
| 1 Oct 2026 · 32nd AGM held; all 7 resolutions passed with over 99.99 percent approval | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 32nd AGM held on 30 Sep 2026; 7 resolutions discussed, voting results awaited | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading Window Closure Ahead of Q2 FY26 Board Meeting | compliance | minimal | — | — |
| 8 Sept 2026 · Newspaper advertisement for 32nd AGM notice published | compliance | minimal | — | — |
| 7 Sept 2026 · 32nd Annual Report FY26 filed; revenue up 237%, PAT up 218% | results | high | — | — |
| 7 Sept 2026 · 32nd AGM on 30 Sept 2026; RPTs over 1065 crore seek shareholder approval | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Book Closure Sept 24 to 30 for 32nd AGM on Sept 30 2026 | corporate actions | low | — | — |
| 2 Sept 2026 · Remote e-voting facility announced for AGM on September 30, 2026 | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Q1 FY27 earnings call: Revenue up 120% YoY, guides INR 1,000 cr by FY28 | investor communications | 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.