Sarup Industries Ltd
Incorporated in 1979, Sarup Industries Ltd is a manufacturer of footwear including shoes and shoe uppers.
- Market Cap ₹ 50.7 Cr.
- Current Price ₹ 156
- High / Low ₹ 185 / 63.0
- Stock P/E 62.6
- Book Value ₹ -8.64
- 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 28.9% of their holding.
- 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 | 17.76 | |
| 54.66 | 63.32 | 47.91 | 46.79 | 44.20 | 25.52 | 22.26 | 10.35 | 11.34 | 9.03 | 10.39 | 13.70 | 15.64 | |
| 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 | 2.12 |
| 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% | 11.94% |
| 0.09 | 0.25 | 0.14 | 1.46 | 1.34 | 0.42 | 0.11 | 0.07 | 0.13 | 0.56 | 0.04 | 4.19 | 0.02 | |
| 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 | 1.02 |
| 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 | 0.52 |
| 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 | 0.60 |
| 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 | 0.81 | |
| 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 | 2.49 |
| 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: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -11% |
| 5 Years: | 16% |
| 3 Years: | 32% |
| TTM: | 224% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 57% |
| 3 Years: | 70% |
| 1 Year: | 31% |
| 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 | Sep 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 | 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 | -6.06 |
| 12.90 | 16.59 | 30.06 | 34.73 | 37.67 | 39.24 | 38.17 | 42.14 | 39.08 | 39.46 | 42.98 | 36.78 | 39.07 | |
| 16.95 | 22.87 | 21.76 | 20.79 | 17.80 | 26.04 | 30.68 | 29.97 | 29.84 | 30.31 | 30.25 | 31.93 | 30.45 | |
| 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 | 66.71 |
| 12.46 | 17.09 | 15.05 | 15.07 | 13.39 | 11.86 | 10.74 | 9.74 | 9.15 | 8.33 | 7.02 | 4.66 | 5.34 | |
| 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 | -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 | 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 | 61.08 | |
| 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 | 66.71 |
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
- Closure of Trading Window 3 Jan
-
Un-Audited Financial Reuslts For Quarter And Half Year Ended On 30.09.2025.
13 Nov 2025 - Board approved unaudited Q2 and H1 results; H1 net profit Rs24.21 lakh (30/09/2025).
-
Board Meeting Outcome for Approved And Took On Record The
13 Nov 2025 - Board approved unaudited Q2/H1 results ended 30 Sep 2025; H1 net profit Rs24.21 lakh.
-
Board Meeting Intimation for Notice Of Board Meeting
6 Nov 2025 - Board meeting on Nov 13, 2025 to approve Q2/H1 Sep 30, 2025 results; trading window closed Oct 1–Nov 15, 2025.
-
Reply To Clarification On Price Movement Sought By BSE Limited
6 Nov 2025 - Company tells BSE price movement market-driven; reiterates compliance with SEBI LODR Regulation 30, dated 06.11.2025.
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
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Financial Year 2011
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Business Overview:[1]
Company is Jalandhar based, engaged in manufacturing of sports shoes and finished leather products on a contract basis for brands such as Puma, Reebok, Bata, Decathlon, and United Colors of Benetton.