NSE: SURYALA · BSE: 514138
SURYALATA SPINNING MILL L
Operates a spinning mill producing cotton yarn, with a small solar power arm run through wholly-owned subsidiary Suntree Solar Energy. In Q4 FY26, the spinning - yarn segment earned ₹103.43 crore of revenue and ₹12.91 crore of EBIT, while solar power generated ₹3.30 crore of revenue and ₹2.47 crore of EBIT. The yarn business expanded its asset base in FY26 through a 'Vortex Phase II' project, with non-current borrowings rising from ₹4,052 lakh to ₹6,576 lakh to fund new plant and machinery, along with Suntree Solar Power land and generating assets. Materials are the largest cost at 62.2% of revenue, followed by other operating expenses at 18.7% and employee costs at 8.9%. The company received a ₹1,298 lakh T-TAP policy subsidy and a power incentive that lifted other income to ₹1,813 lakh in FY26. EBITDA margin for FY26 stood at 13.79%, and consolidated profit after tax reached ₹3,546 lakh versus ₹1,537 lakh the prior year. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Spinning - Yarn, Solar Power. Cotton yarn spinning with a small solar power side-business
Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 484 | 453 | 495 | 484 |
| EBITDA (ex other income) | 61 | 44 | 38 | 51 |
| margin % | 12.6 | 9.7 | 7.7 | 10.6 |
| Owners' profit | 0 | 0 | 0 | 35 |
| EPS, as reported (₹) | 78.88 | 43.70 | 36.03 | 83.10 |
| ROE % · ROCE % | 14.7 · 18.0 | 7.5 · 9.3 | 5.8 · 7.9 | 11.9 · 12.7 |
| Debt / equity (x) | 0.30 | 0.40 | 0.26 | 0.29 |
| Cash from operations | 83 | 40 | 26 | 49 |
| Capex | 0 | 0 | 0 | 0 |
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 | 118 | 134 | 122 | 122 | 126 | 127 | 126 | 105 |
| Profit before tax | 2 | 2 | 4 | 11 | 7 | 7 | 18 | 14 |
| Net profit | 2 | 2 | 3 | 8 | 6 | 5 | 14 | 11 |
| EPS (₹) | 4.73 | 3.95 | 7.84 | 19.51 | 13.69 | 12.42 | 31.65 | 25.34 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| (a) Spinning - Yarn | 489 | 97.6 |
| (b) Solar Power | 12 | 2.4 |
| Total, before eliminations | 501 | 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) | 4.2 | 16.8 | 15 of 179 | 92% |
| P/B | 0.5 | 1.1 | 34 of 185 | 81% |
| ROCE | 11.7 | 4.3 | 43 of 215 | 80% |
| ROE | 11.9 | 4.7 | 39 of 188 | 80% |
| Debt / Equity | 0.3 | 0.4 | 83 of 188 | 56% |
| EBITDA margin | 18.6 | 9.8 | 37 of 198 | 82% |
| Revenue growth | (14.1) | 6.9 | 154 of 192 | 20% |
| Profit growth | 29.9 | 20.0 | 91 of 203 | 55% |
| Market cap | 150 | 61 | 74 of 223 | 67% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 10 Oct 2026 · Compliance certificate for dematerialization under SEBI Reg 74(5) | compliance | minimal | — | — |
| 1 Sept 2026 · New Independent Director appointed, existing one continues | management changes | medium | — | — |
| 1 Sept 2026 · Independent Director Harishchandra Prasad Kanuri vacates office after first term | management changes | medium | — | — |
| 24 Aug 2026 · 43rd AGM: All 7 resolutions passed, 20% dividend declared | board shareholder meetings | low | — | — |
| 24 Aug 2026 · 43rd AGM held; 20 percent equity dividend declared for non-promoters | board shareholder meetings | low | — | — |
| 1 Aug 2026 · Annual Report 2025-26 communication sent to physical shareholders | compliance | minimal | — | — |
| 1 Aug 2026 · Suryalata Spinning Mills 43rd AGM notice published in newspapers | compliance | minimal | — | — |
| 31 Jul 2026 · Record date Aug 14, 2026 for dividend payment | corporate actions | high | — | — |
| 31 Jul 2026 · Suryalata Spinning Mills sets Aug 14 dividend record date, AGM on Aug 24 | corporate actions | medium | — | — |
| 31 Jul 2026 · 43rd AGM Notice and Annual Report FY26 submitted to BSE | board shareholder meetings | low | — | — |
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.