Swaraj Suiting Ltd
Incorporated in 2003, Swaraj Suiting Ltd does production of grey and finished fabric which are used into home textiles, bottom wears etc.[1]
- Market Cap ₹ 550 Cr.
- Current Price ₹ 250
- High / Low ₹ 287 / 138
- Stock P/E 13.6
- Book Value ₹ 77.0
- Dividend Yield 0.00 %
- ROCE 18.1 %
- ROE 25.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 59.1% CAGR over last 5 years
Cons
- Stock is trading at 3.29 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 45 | 47 | 58 | 60 | 129 | 219 | 320 | 417 | 459 | |
| 38 | 39 | 45 | 50 | 115 | 196 | 280 | 343 | 359 | |
| Operating Profit | 7 | 8 | 13 | 10 | 13 | 23 | 40 | 73 | 101 |
| OPM % | 15% | 17% | 23% | 16% | 10% | 11% | 12% | 18% | 22% |
| 0 | 0 | 0 | 0 | 0 | 1 | 6 | 2 | 1 | |
| Interest | 2 | 2 | 4 | 3 | 3 | 9 | 13 | 19 | 31 |
| Depreciation | 4 | 4 | 6 | 4 | 5 | 8 | 8 | 11 | 17 |
| Profit before tax | 1 | 2 | 4 | 3 | 6 | 8 | 24 | 45 | 54 |
| Tax % | 49% | 20% | 17% | 20% | 25% | 27% | 25% | 25% | |
| 1 | 1 | 3 | 3 | 5 | 6 | 18 | 33 | 40 | |
| EPS in Rs | 1.76 | 3.59 | 8.36 | 5.80 | 3.17 | 3.85 | 9.99 | 15.14 | 18.39 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 48% |
| 3 Years: | 48% |
| TTM: | 36% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 59% |
| 3 Years: | 94% |
| TTM: | 79% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 112% |
| 1 Year: | 5% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 20% |
| Last Year: | 26% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 2 | 2 | 2 | 7 | 7 | 18 | 22 | 22 |
| Reserves | 16 | 22 | 29 | 36 | 53 | 59 | 88 | 131 | 148 |
| 24 | 45 | 35 | 42 | 74 | 113 | 175 | 268 | 332 | |
| 2 | 5 | 12 | 12 | 7 | 51 | 74 | 150 | 138 | |
| Total Liabilities | 43 | 73 | 78 | 91 | 141 | 230 | 355 | 570 | 640 |
| 26 | 46 | 37 | 36 | 37 | 81 | 77 | 262 | 297 | |
| CWIP | 2 | 0 | 0 | 0 | 41 | 3 | 69 | 13 | 0 |
| Investments | 0 | 2 | 4 | 3 | 3 | 3 | 3 | 3 | 3 |
| 15 | 25 | 37 | 53 | 61 | 143 | 207 | 293 | 341 | |
| Total Assets | 43 | 73 | 78 | 91 | 141 | 230 | 355 | 570 | 640 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 6 | 1 | 7 | 6 | 15 | -15 | 45 | 41 | |
| -2 | -24 | 0 | -6 | -47 | -17 | -99 | -127 | |
| -3 | 23 | -8 | 0 | 34 | 31 | 54 | 87 | |
| Net Cash Flow | -0 | 0 | 0 | -0 | 2 | -2 | -0 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 27 | 44 | 37 | 80 | 40 | 94 | 76 | 88 |
| Inventory Days | 115 | 216 | 339 | 293 | 113 | 160 | 146 | 183 |
| Days Payable | 9 | 34 | 125 | 88 | 10 | 106 | 102 | 173 |
| Cash Conversion Cycle | 134 | 226 | 250 | 285 | 144 | 149 | 120 | 99 |
| Working Capital Days | 19 | 40 | 60 | 113 | 90 | 46 | 45 | 40 |
| ROCE % | 7% | 9% | 9% | 10% | 16% | 18% |
Documents
Announcements
-
Copy of Newspaper Publication
3 December 2025 - Swaraj Suiting filed newspaper clippings of EGM notice and e-voting advertisement published Dec 03, 2025.
-
Shareholders meeting
2 December 2025 - EGM 24 Dec 2025: preferential equity ₹103.03cr, warrants ₹160.41cr, loans/borrowing limits proposals.
-
Outcome of Board Meeting
25 November 2025 - Board approved preferential issue of 43,76,500 shares (₹103.28 crore) and 67,97,000 warrants (₹160.41 crore); EGM Dec 24, 2025.
-
Outcome of Board Meeting
14 November 2025 - Unaudited consolidated and standalone H1 results for Sep 30, 2025; PBT Rs2,366.73 lakh; auditor review unmodified.
-
Outcome of Board Meeting
14 November 2025 - Unaudited consolidated and standalone results for half-year ended 30 Sep 2025 approved; auditor review enclosed.
Annual reports
Concalls
-
Jul 2025TranscriptAI SummaryPPT
-
Jul 2025TranscriptAI SummaryPPT
-
Nov 2024Transcript PPT
-
Jun 2024Transcript PPT
-
Feb 2024TranscriptAI SummaryPPT
Business Overview[1]
Swaraj is a Textile manufacturing company, specializing in Denim and Polyester Viscose (PV) fabrics, including warping, yarn dyeing, weaving, fabric processing, and finishing.