BSE: 533101
SURYAAMBA SPINNING MILLS LTD.
Manufactures specialty synthetic spun yarn at its Nagpur facility, which has 52,180 spindles of installed capacity. Revenue for FY26 was ₹207.02 crore, down from ₹214.66 crore in FY25, though net profit rose to ₹3.04 crore from ₹1.17 crore. The company sells to downstream textile players (knitters, weavers, fabric manufacturers) who use the yarn. Materials are the largest cost at 49.5% of revenue, followed by employee costs at 14.0% and other operating expenses at 19.5%. Finance costs dropped to ₹374.44 lakh in FY26 from ₹450.59 lakh in FY25. The company is shifting its banking relationship to HDFC, which it expects to cut borrowing costs by 200-250 basis points. Its previous India Ratings long-term rating was BBB-/Stable and short-term was IND A3+, though the rating has since been withdrawn at the company's request after lenders confirmed a no-dues certificate on its ₹445.74 million bank facilities. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Manufacture and sale of specialty synthetic spun yarn. Single-product, asset-heavy specialty yarn manufacturer with one plant
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 227 | 248 | 219 | 215 | 207 |
| EBITDA (ex other income) | 27 | 21 | 14 | 13 | 13 |
| margin % | 11.8 | 8.3 | 6.3 | 6.0 | 6.4 |
| Owners' profit | 14 | 8 | 2 | 1 | 3 |
| EPS, as reported (₹) | 49.28 | 26.97 | 5.96 | 4.00 | 10.38 |
| ROE % · ROCE % | 27.3 · 24.6 | 13.1 · 16.1 | 2.8 · 8.3 | 1.9 · 7.8 | 4.6 · 8.2 |
| Debt / equity (x) | 0.82 | 0.74 | 0.70 | 0.53 | 0.47 |
| Cash from operations | 17 | 18 | 14 | 14 | 11 |
| Capex | (24) | (14) | (2) | (4) | (6) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 50 | 54 | 55 | 55 | 53 | 58 | 49 | 48 |
| Profit before tax | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net profit | 0 | (1) | 1 | 1 | 1 | 1 | 1 | 1 |
| EPS (₹) | 0.65 | (2.79) | 3.28 | 2.86 | 2.08 | 2.71 | 3.15 | 2.44 |
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) | 10.7 | 16.8 | 60 of 179 | 67% |
| P/B | 0.5 | 1.1 | 34 of 185 | 81% |
| ROCE | 4.3 | 4.3 | 107 of 215 | 51% |
| ROE | 4.7 | 4.7 | 96 of 188 | 49% |
| Debt / Equity | 0.5 | 0.4 | 102 of 188 | 46% |
| EBITDA margin | 7.4 | 9.8 | 124 of 198 | 38% |
| Revenue growth | (13.8) | 6.9 | 153 of 192 | 20% |
| Profit growth | (14.5) | 20.0 | 134 of 203 | 34% |
| Market cap | 33 | 61 | 140 of 223 | 37% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Routine SEBI compliance filing - quarterly demat certificate for Jul-Sep 2026 | compliance | minimal | — | — |
| 26 Sept 2026 · Trading window closed from Oct 1, 2026 ahead of Q2 results | compliance | minimal | — | — |
| 14 Aug 2026 · Suryaamba Spinning Mills publishes Q1 FY26 results in newspapers | compliance | minimal | — | — |
| 13 Aug 2026 · Q1 FY27 Results: Revenue dips, company slips into loss | results | high | — | — |
| 13 Aug 2026 · Board approves Q1 FY27 unaudited financial results | board shareholder meetings | low | — | — |
| 10 Aug 2026 · AGM results: 4 resolutions passed including final dividend and MD re-appointment | board shareholder meetings | low | — | — |
| 8 Aug 2026 · 19th AGM held via video conferencing; 4 resolutions put to vote | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Board meeting on Aug 13, 2026 to consider Q1 FY27 results | results | low | — | — |
| 17 Jul 2026 · 19th AGM Notice Published in Newspapers - 8 August 2026 | compliance | minimal | — | — |
| 16 Jul 2026 · Annual Report FY26: Net Profit up 159%, AGM on Aug 8 | 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.