Surat Trade & Merchantile Ltd

₹ 4.41 -0.45%

26 May - close price

About

Surat Textile Mills Ltd is a textile manufacturing company and is part of the Garden Group. The Co. manufactures polyester chips and differentiated partially oriented yarn ^[1] ^[2] The manufacturing business has been discontinued since FY23. The company commenced a new business of trading of certain commodities viz. Metal, Energy & Agricultural products

Key Points

Product Offerings
The Co. manufactures polyester chips, partially oriented yarn, mono-ethylene glycol, Purified terephthalic acid, among other chips contributing 100% of Revenue ^[1]The company has discontinued these operations from FY23

Website BSE

Market Cap ₹ 97.9 Cr.
Current Price ₹ 4.41
High / Low ₹ 7.53 / 3.16
Stock P/E 8.92
Book Value ₹ 10.3
Dividend Yield 0.00 %
ROCE 6.32 %
ROE 4.94 %
Face Value ₹ 1.00

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Pros

Company is almost debt free.
Stock is trading at 0.43 times its book value
Company is expected to give good quarter

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 3.02% over last 3 years.
Earnings include an other income of Rs.13.8 Cr.

* 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 Textiles Textiles & Apparels Other Textile Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	12.57	13.62	16.98	14.43	13.91	22.85	24.11	14.26	7.42	37.29	16.67	11.40	45.99
	14.21	16.33	18.37	15.81	15.68	23.70	25.49	14.85	9.47	34.91	18.32	11.74	45.44
Operating Profit	-1.64	-2.71	-1.39	-1.38	-1.77	-0.85	-1.38	-0.59	-2.05	2.38	-1.65	-0.34	0.55
OPM %	-13.05%	-19.90%	-8.19%	-9.56%	-12.72%	-3.72%	-5.72%	-4.14%	-27.63%	6.38%	-9.90%	-2.98%	1.20%
	0.83	6.69	4.18	5.53	4.69	7.05	5.83	4.57	-2.62	7.85	2.73	3.56	-0.36
Interest	0.01	0.00	0.00	0.00	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Depreciation	0.11	0.11	0.09	0.04	0.09	0.11	0.17	0.08	0.16	0.13	0.13	0.13	0.18
Profit before tax	-0.93	3.87	2.70	4.11	2.79	6.05	4.24	3.86	-4.87	10.06	0.91	3.05	-0.03
Tax %	8.60%	29.46%	31.48%	37.47%	31.54%	7.44%	4.72%	-55.70%	-17.86%	14.21%	70.33%	18.03%	1,300.00%
	-1.00	2.75	1.84	2.58	1.91	5.60	4.05	6.01	-4.00	8.64	0.27	2.51	-0.44
EPS in Rs	-0.05	0.12	0.08	0.12	0.09	0.25	0.18	0.27	-0.18	0.39	0.01	0.11	-0.02
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Upcoming result date: today

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	127	132	139	201	216	180	0	0	25	61	69	111
	124	126	126	187	208	173	5	5	30	66	74	110
Operating Profit	3	6	13	14	9	7	-5	-5	-5	-6	-5	1
OPM %	3%	5%	9%	7%	4%	4%			-22%	-9%	-7%	1%
	2	0	4	3	4	5	19	1	69	19	15	14
Interest	1	1	0	1	1	1	0	0	0	0	0	0
Depreciation	1	1	1	0	0	0	0	0	0	0	1	1
Profit before tax	4	5	15	15	11	11	14	-5	63	13	9	14
Tax %	28%	-33%	-9%	45%	-13%	28%	-1%	-11%	1%	33%	-26%	22%
	3	6	17	8	12	8	14	-4	62	9	12	11
EPS in Rs	0.12	0.28	0.75	0.37	0.55	0.35	0.65	-0.19	2.81	0.41	0.53	0.49
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-2%
5 Years:	%
3 Years:	65%
TTM:	62%

Compounded Profit Growth
10 Years:	6%
5 Years:	122%
3 Years:	-44%
TTM:	831%

Stock Price CAGR
10 Years:	4%
5 Years:	0%
3 Years:	-21%
1 Year:	-39%

Return on Equity
10 Years:	8%
5 Years:	8%
3 Years:	3%
Last Year:	5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	22	22	22	22	22	22	22	22	22	22	22	22
Reserves	58	65	82	90	99	103	116	112	174	183	195	206
	2	1	0	2	0	0	1	0	0	2	2	2
	17	15	15	26	21	10	5	6	2	5	2	3
Total Liabilities	99	103	119	140	142	135	143	141	199	212	221	233
	10	8	17	17	16	16	12	12	12	13	15	16
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	13	33	31	44	66	38	71	90	138	135	139	158
	76	62	71	79	61	81	60	38	49	63	67	59
Total Assets	99	103	119	140	142	135	143	141	199	212	221	233

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	2	20	-0	27	5	-1	-10	-8	-6	-23	-9
	1	-21	2	-12	-17	29	-30	-11	-55	24	9
	-5	1	-1	0	2	-14	-0	1	0	-0	-0
Net Cash Flow	-2	-0	1	16	-11	14	-40	-18	-61	0	0
Free Cash Flow	3	23	0	27	5	-1	-11	-8	-6	-23	-10
CFO/OP	178%	377%	16%	218%	78%	9%	152%	143%	101%	365%	189%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	32	4	20	2	7	7			0	0	0	0
Inventory Days	152	207	55	40	33	20			0	85	95	0
Days Payable	4	5	12	38	40	17				2	1
Cash Conversion Cycle	180	207	64	4	-0	9			0	83	94	0
Working Capital Days	129	119	49	4	7	22			120	129	139	214
ROCE %	4%	6%	14%	14%	10%	9%	-0%	0%	2%	5%	-1%	6%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Revenue from Commodity Trading
INR Crores

x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	xx.xx	xx.xx	xx.xx
xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx		x	x	x
x,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx		x	x	x
xx,xxx.xx	x.xx	x.xx			x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
				x,xxx	x,xxx	x,xxx	x	x	x	x
				xx,xxx	xx,xxx	xx,xxx	x	x	x	x
x,xxx.xx								x.xx	x.xx	x.xx

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Production Volume - Polyester Chips
MT

Sales Volume - Polyester Chips
MT

Production Volume - POY
MT

Installed Capacity - Partially Oriented Yarn (POY)
MTPA

Installed Capacity - Polyester Chips
MTPA

Sales Volume - POY
MT

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	68.45%	68.45%	68.45%	68.45%	68.45%	68.45%	68.45%	68.45%	68.45%	68.45%	68.45%	68.45%
	31.54%	31.54%	31.55%	31.55%	31.56%	31.54%	31.56%	31.55%	31.55%	31.56%	31.56%	31.56%
No. of Shareholders	1,28,550	1,25,573	1,25,519	1,27,543	1,23,940	1,21,411	1,21,999	1,21,289	1,19,176	1,17,049	1,15,032	1,13,176

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	74.98%	74.98%	74.98%	74.98%	74.98%	68.45%	68.45%	68.45%	68.45%	68.45%
	6.00%	5.34%	5.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	19.02%	19.68%	19.86%	25.02%	25.02%	31.55%	31.56%	31.55%	31.55%	31.56%
No. of Shareholders	34,379	34,372	33,716	36,678	49,718	1,46,679	1,31,332	1,27,543	1,21,289	1,13,176

Surat Trade & Merchantile Ltd

Surat Trade & Merchantile Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

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Annual reports

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