BSE: 543515
Sunrise Efficient Marketing Li
Operates as a trading and distribution business based in Surat, Gujarat, listed on the BSE SME platform (scrip code 543515). Through its subsidiary Suvarna Enterprise, which it controls from 1 October 2025, the company has moved into yarn trading; Suvarna Enterprise added ₹6.77 lakhs to consolidated H1 FY26 PAT via a 55% profit-share. The company also holds a 30% stake in associate Suvarna Spinning. Standalone revenue from operations for FY26 grew about 23.5% to ₹15,940.55 lakhs from ₹12,910.17 lakhs in FY25, with total income of ₹16,122.78 lakhs. Profit after tax rose to ₹993.43 lakhs from ₹922.38 lakhs, while basic EPS slipped to ₹5.34 from ₹6.15 because 41.60 lakh convertible warrants were converted into equity, lifting share capital from ₹1,500 lakhs to ₹1,916 lakhs. Operating cash flow has been negative (₹(690.10) lakhs on a standalone basis for FY26), and the statutory auditor flagged emphasis-of-matter items covering related-party loans, advances to directors, and gaps in inventory records. Reserves and surplus jumped to ₹8,481.54 lakhs, also reflecting the warrant conversions. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Trading and distribution (standalone), Yarn trading (via subsidiary Suvarna Enterprise), Spinning (30% associate Suvarna Spinning). Small-cap, SME-listed trading and distribution company recently diversifying into textiles via a yarn-trading subsidiary and a 30% stake in a spinning associate.
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 0 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 0.00 |
| ROE % · ROCE % | — · 0.0 |
| Debt / equity (x) | — |
| Cash from operations | — |
| Capex | — |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q4 FY26 |
|---|---|
| Revenue | 174 |
| Profit before tax | 13 |
| Net profit | — |
| EPS (₹) | 5.30 |
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. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 27,525 | 16.2 | 2.64 | 12.8 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,740 | 17.3 | 3.65 | 16.5 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 3,896 | 16.6 | 4.31 | 11.3 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,653 | 25.4 | 4.27 | 19.0 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,104 | — | 12.27 | — | (0.0) | (0.0) | — | 45.0 |
| SHIV AUM STEELS LIMITED | 736 | 64.8 | 6.09 | 47.0 | 6.0 | 6.9 | — | 4.9 |
| The Yamuna Syndicate Ltd | 736 | 8.1 | 0.57 | 185.3 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 602 | 0.9 | — | 51.0 | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.1 | 13.9 | 20 of 130 | 85% |
| ROCE | 0.0 | 2.1 | 131 of 177 | 26% |
| Market cap | 42 | 21 | 65 of 179 | 64% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Statutory auditor firm changes name/constitution to LLP form | management changes | medium | — | — |
| 10 Oct 2026 · Corrigendum: Statutory Auditor re-appointment tenure corrected from 3 to 5 years | management changes | medium | — | — |
| 7 Oct 2026 · Submission of SEBI Reg 74(5) Compliance Certificate for Sep 2026 Quarter | compliance | minimal | — | — |
| 30 Sept 2026 · Statutory Auditors Re-appointed at AGM | management changes | medium | — | — |
| 30 Sept 2026 · Shareholders ratify Pinkal Pancholi as Whole-Time Director at AGM | management changes | medium | — | — |
| 30 Sept 2026 · Regularisation of two Independent Directors at Sunrise Efficient Marketing | management changes | medium | — | — |
| 28 Sept 2026 · All 5 resolutions passed at 6th AGM with 100% votes in favour | board shareholder meetings | low | — | — |
| 24 Sept 2026 · Closure of Trading Window for Q2 and H1 FY27 Results | compliance | minimal | — | — |
| 5 Sept 2026 · Joint MD honoured as Best Woman Owned SME at Gujarat Awards | investor communications | low | — | — |
| 3 Sept 2026 · Sunrise Efficient Marketing publishes 6th AGM notice in newspapers | 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.