Sarup Industries Ltd
Incorporated in 1979, Sarup Industries Ltd is a manufacturer of footwear including shoes and shoe uppers.
- Market Cap ₹ 29.3 Cr.
- Current Price ₹ 90.1
- High / Low ₹ 132 / 46.5
- Stock P/E 40.1
- Book Value ₹ -9.25
- Dividend Yield 0.00 %
- ROCE 5.25 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -5.02% over past five years.
- Promoters have pledged or encumbered 100% of their holding.
- Earnings include an other income of Rs.4.16 Cr.
- Company has high debtors of 218 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Footwear
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
59.39 | 69.52 | 49.12 | 49.66 | 43.90 | 19.66 | 20.66 | 9.94 | 12.13 | 9.14 | 11.57 | 15.97 | 16.32 | |
54.66 | 63.32 | 47.91 | 46.79 | 44.20 | 25.52 | 22.26 | 10.35 | 11.34 | 9.03 | 10.39 | 13.70 | 14.13 | |
Operating Profit | 4.73 | 6.20 | 1.21 | 2.87 | -0.30 | -5.86 | -1.60 | -0.41 | 0.79 | 0.11 | 1.18 | 2.27 | 2.19 |
OPM % | 7.96% | 8.92% | 2.46% | 5.78% | -0.68% | -29.81% | -7.74% | -4.12% | 6.51% | 1.20% | 10.20% | 14.21% | 13.42% |
0.09 | 0.25 | 0.14 | 1.46 | 1.34 | 0.42 | 0.11 | 0.07 | 0.13 | 0.56 | 0.04 | 4.19 | 4.16 | |
Interest | 1.88 | 2.09 | 2.13 | 2.06 | 2.43 | 2.61 | 2.84 | 2.96 | 2.16 | 2.26 | 2.06 | 1.36 | 1.16 |
Depreciation | 1.21 | 1.82 | 1.75 | 1.73 | 1.90 | 1.61 | 1.26 | 1.03 | 0.87 | 0.82 | 0.74 | 0.51 | 0.54 |
Profit before tax | 1.73 | 2.54 | -2.53 | 0.54 | -3.29 | -9.66 | -5.59 | -4.33 | -2.11 | -2.41 | -1.58 | 4.59 | 4.65 |
Tax % | 20.23% | 20.08% | -7.11% | 0.00% | -4.56% | -5.28% | -0.72% | 0.46% | 2.37% | 3.73% | 7.59% | -4.36% | |
1.38 | 2.03 | -2.36 | 0.54 | -3.13 | -9.15 | -5.55 | -4.35 | -2.17 | -2.50 | -1.70 | 4.79 | 4.87 | |
EPS in Rs | 4.24 | 6.24 | -7.26 | 1.66 | -9.62 | -28.13 | -17.06 | -13.37 | -6.67 | -7.69 | -5.23 | 14.73 | 14.97 |
Dividend Payout % | 42.39% | 28.82% | 0.00% | 60.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -14% |
5 Years: | -5% |
3 Years: | 10% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | -11% |
5 Years: | 16% |
3 Years: | 32% |
TTM: | 211% |
Stock Price CAGR | |
---|---|
10 Years: | 0% |
5 Years: | 37% |
3 Years: | 42% |
1 Year: | 74% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 |
Reserves | 24.36 | 21.51 | 19.07 | 19.19 | 15.75 | 6.60 | 0.01 | -4.34 | -6.51 | -9.00 | -11.03 | -6.26 |
12.90 | 16.59 | 30.06 | 34.73 | 37.67 | 39.24 | 38.17 | 42.14 | 39.08 | 39.46 | 42.98 | 36.78 | |
16.95 | 22.87 | 21.76 | 20.79 | 17.80 | 26.04 | 30.68 | 29.97 | 29.84 | 30.31 | 30.25 | 31.93 | |
Total Liabilities | 57.46 | 64.22 | 74.14 | 77.96 | 74.47 | 75.13 | 72.11 | 71.02 | 65.66 | 64.02 | 65.45 | 65.70 |
12.46 | 17.09 | 15.05 | 15.07 | 13.39 | 11.86 | 10.74 | 9.74 | 9.15 | 8.33 | 7.02 | 4.66 | |
CWIP | 0.26 | 0.35 | 10.41 | 13.09 | 13.09 | 15.71 | 16.00 | 16.03 | 16.03 | 16.03 | 0.00 | 0.00 |
Investments | 0.43 | 0.43 | 0.43 | 0.71 | 0.71 | 0.40 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 |
44.31 | 46.35 | 48.25 | 49.09 | 47.28 | 47.16 | 45.08 | 44.96 | 40.19 | 39.37 | 58.14 | 60.75 | |
Total Assets | 57.46 | 64.22 | 74.14 | 77.96 | 74.47 | 75.13 | 72.11 | 71.02 | 65.66 | 64.02 | 65.45 | 65.70 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1.02 | 5.30 | -1.70 | 1.43 | 4.59 | 5.13 | -2.65 | -1.15 | 5.45 | 1.65 | 15.03 | -2.28 | |
-1.21 | -5.99 | -9.65 | -4.67 | -0.34 | -2.71 | -1.26 | -0.06 | -0.28 | 0.00 | -16.23 | 4.14 | |
-3.08 | 1.17 | 10.97 | 2.85 | -4.06 | -2.44 | -2.68 | 1.10 | -5.12 | -1.84 | 1.55 | -1.37 | |
Net Cash Flow | -3.27 | 0.47 | -0.39 | -0.38 | 0.19 | -0.02 | -6.59 | -0.11 | 0.04 | -0.19 | 0.35 | 0.49 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 65.76 | 64.79 | 83.22 | 98.86 | 92.12 | 168.95 | 166.95 | 365.73 | 269.61 | 382.97 | 298.75 | 218.50 |
Inventory Days | 331.27 | 272.88 | 361.44 | 403.35 | 525.59 | 866.98 | 842.29 | 1,694.02 | 1,208.62 | 1,745.00 | 2,839.33 | 2,294.94 |
Days Payable | 125.76 | 83.26 | 131.29 | 152.95 | 136.33 | 314.02 | 397.16 | 791.71 | 670.35 | 1,097.14 | 1,013.67 | 870.27 |
Cash Conversion Cycle | 271.27 | 254.41 | 313.37 | 349.25 | 481.39 | 721.91 | 612.08 | 1,268.05 | 807.88 | 1,030.83 | 2,124.41 | 1,643.17 |
Working Capital Days | 101.04 | 74.82 | 99.35 | 231.60 | 133.11 | 146.48 | 34.45 | 307.35 | 123.07 | 92.25 | 688.04 | 637.89 |
ROCE % | 8.87% | 11.31% | -0.85% | 4.73% | -1.95% | -13.33% | -6.08% | -3.32% | 0.13% | -0.43% | 1.39% | 5.25% |
Documents
Announcements
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
1 Oct - AGM (30 Sep 2025): All 3 resolutions passed; 2,696,945 votes in favour, 1 against.
-
Closure of Trading Window
30 Sep - Trading window closed Oct 1, 2025 until 48 hours after un-audited financials for quarter ended Sep 30, 2025.
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
30 Sep - 30 Sep 2025 AGM: sales up ~35%, borrowings down to Rs3.08cr; new machine installed; launched Lotus Bawa.
-
Results-Delay in Financial Results
18 Sep - Resubmitted unaudited Q1 results for June 30, 2025 with Limited Review Report; figures unchanged.
- Reg. 34 (1) Annual Report. 11 Sep
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1]
Company is in the business of leather, tanneries and developing new products with wide range of uppers, soles, tanneries and complete shoes. Company manufactures export quality shoes in Northern India and also a supplier of international brands.