SBC Exports Ltd.

•

sbcexportslimited.comBSE: 542725NSE: SBC

Market Cap₹ 2,002 Cr.

Current Price

High / Low₹ 45 / 20

Stock P/E56.3

Book Value₹ 2

Price to Book11.05

Dividend Yield0.00 %

ROCE17.4 %

ROE24.5 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Revenue from Trading of Garments: 57.9% • IT & Manpower Supply: 42.1%

AI Sector View

AI GENERATED

Textiles

Hold

This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.

Confidence

50%

View full sector analysis →

PROS

Company has delivered good profit growth of 56.4% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 23.6%
Company has a healthy return on capital (ROCE) of 21.9%
Latest quarter profit grew 177.2% YoY, showing strong momentum
Company has delivered good sales growth of 16.1% CAGR over last 5 years
Operating margins have improved to 7.5% from 3.9%

CONS

Company has a high debt-to-equity of 2.40x
Operating cash flow has been negative in recent years
A large part of profit comes from other income (51.7% of PBT)
Promoter holding has decreased over last 2 years: -13.3pp
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -2.64x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TextilesTextileTextile

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	PAGEIND	35600.00	52.54	39707.79	1.54	192.81	-3.98	1420.45	7.89	73.60	20.35
2.	KPRMILL	1157.40	43.36	39561.55	0.43	258.54	21.55	1935.52	14.77	20.16	19.37
3.	WELSPUNLIV	198.10	67.41	18715.55	0.05	162.61	82.09	2795.45	23.66	15.04	11.53
4.	VTL	602.40	20.57	17444.11	0.83	314.56	51.46	2703.08	13.31	8.91	18.11
5.	ARVIND	557.55	36.62	15167.63	0.81	57.77	5.61	2500.96	24.65	15.30	9.64
6.	MANYAVAR	547.25	33.00	13296.98	1.42	66.90	37.31	267.95	22.74	33.92	45.53
7.	PGIL	2349.25	34.97	10851.31	0.62	99.23	51.37	1528.26	24.46	22.42	10.72
8.	SWANCORP	289.20	40.55	9065.17	0.05	-35.99	-233.33	1013.75	-16.44	4.50	-0.38
9.	ICIL	433.35	56.88	8582.68	0.35	63.22	67.28	1206.96	25.89	8.73	11.88
10.	GARFIBRES	836.60	38.89	8169.26	1.08	64.60	21.56	482.37	31.35	20.98	18.70
11.	KUSUMGAR	566.15	60.53	5944.09	0.00	426.47	—	2472.47	—	26.15	30.50
12.	SBC	42.05	49.58	2002.38	0.00	9.60	176.93	121.08	67.09	18.09	10.83

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	50	31	48	63	57	48	50	76	61	65	70	105	106
	44	27	44	59	51	43	48	72	56	55	61	100	97
Operating Profit	5	4	4	4	6	5	2	4	5	10	10	5	13
OPM %	10.36%	11.78%	7.97%	6.18%	10.39%	11.34%	3.06%	4.92%	8.38%	15.12%	13.89%	4.34%	11.90%
Other Income	1	0	1	2	1	2	4	1	0	3	4	5	4
Interest	1	1	1	2	2	2	2	2	2	2	4	3	3
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
	5	2	3	3	5	5	3	3	3	10	9	6	13
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.68%	0.00%	0.00%	0.00%	0.00%	0.00%	24.84%
Net Profit	5	2	3	3	5	5	3	3	3	10	9	6	9
	2	0	0	0	0	0	0	0	0	0	0	0	0
Equity Capital	21	21	21	32	32	32	32	48	48	48	48	48	48
Reserves	18	21	24	12	19	24	27	7	9	21	30	28	36
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	21	29	64	80	110	130	168	188	191	232	346
	21	28	62	77	105	126	160	178	174	214	313
Operating Profit	0	1	2	3	4	5	8	13	21	26	—
OPM %	1	3	3	4	4	4	5	7	11	11	—
Other Income	0	0	0	0	0	0	0	2	4	9	16
Interest	0	0	0	1	1	2	2	2	7	8	12
Depreciation	0	0	0	0	1	1	1	1	1	1	1
	0	1	1	2	2	3	6	9	13	17	39
Tax %	35	35	33	28	34	28	39	26	27	28	8
Net Profit	0	0	1	1	1	2	3	7	9	12	36
EPS	0	0	0	0	1	2	0	0	0	0	—
Dividend Payout %	0	0	0	0	0	0	0	16	17	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	1	2	0	0	0	0	0	0	0	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 16%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 56%
3 Years:: 52%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 64%
1 Year:: 116%

RETURN ON EQUITY

10 Years:: 31%
5 Years:: 19%
3 Years:: 24%
Last Year:: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	0	0	0	8	11	11	21	21	32	48
	0	0	1	5	10	12	5	13	12	7
	0	-0	0	9	2	4	5	21	23	73
Trade Payables	4	7	14	13	23	36	38	34	64	50
	1	1	4	5	7	13	28	25	53	79
Total Liabilities	5	9	19	40	53	76	97	114	184	256
ASSETS	-	-	-	-	-	-	-	-	-	-
	0	0	1	3	4	4	6	8	23	24
Capital Work in Progress	0	0	0	0	0	0	0	0	1	3
	0	0	0	0	0	0	3	5	14	13
	1	3	7	8	11	30	25	30	35	87
	0	0	0	0	0	0	0	0	86	85
Cash & Bank	0	0	1	1	4	3	4	4	4	12
	3	5	9	27	33	38	59	68	20	32
Total Assets	5	9	19	40	53	76	97	114	184	256
Total Debt	0	1	3	13	7	9	9	27	53	130
Net Working Capital	-0	1	3	14	21	22	19	26	25	38
Contingent Liabilities	0	0	0	0	0	0	0	0	0	0
Book Value per Share	25.48	58.32	147.58	16.84	19.50	21.24	1.25	1.62	1.39	1.14
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	1.00	1.00	1.00	1.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	1	0	0	-17	4	-2	5	-12	3	-65
Cash from Investing	-0	-0	-1	-3	-2	-1	-4	-5	-27	-3
Cash from Financing	0	0	1	21	-0	2	0	17	25	76
	0	0	1	0	2	-1	1	1	0	8
Free Cash Flow	1	0	-1	-20	2	-3	3	-15	-14	-70
OCF / Net Profit	7.76	0.65	0.44	-13.10	3.06	-0.96	1.46	-1.73	0.28	-5.42
Cumulative 5-Year FCF	0	0	0	0	0	-22	-19	-33	-27	-100

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	6.58	32.84	84.52	1.76	1.22	1.73	0.16	0.32	0.30	0.25
Book Value (₹)	25.48	58.32	147.58	16.84	19.50	21.24	1.25	1.62	1.39	1.14
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.05	0.05	0.00
Cash EPS (₹)	0.43	0.99	2.24	0.05	0.05	0.05	0.09	0.17	0.22	0.28
PROFITABILITY
Operating Margin %	1.09%	2.50%	2.93%	3.74%	4.00%	2.50%	3.93%	5.89%	8.80%	7.45%
Net Margin %	0.31%	1.15%	1.32%	1.67%	1.18%	0.95%	1.67%	3.18%	4.84%	5.21%
ROE %	25.82%	78.38%	82.10%	18.70%	7.71%	8.52%	14.04%	22.44%	23.91%	24.49%
ROCE %	24.28%	59.38%	58.14%	17.14%	11.97%	13.68%	21.88%	23.87%	24.53%	17.43%
	1.37%	4.67%	6.00%	4.52%	2.78%	2.85%	3.97%	6.46%	6.29%	5.47%
EFFICIENCY
Debtor Days	44	42	33	58	67	50	70	89	134	135
Inventory Days	25	30	31	35	32	39	49	47	61	97
Payable Days	66	75	65	70	67	93	92	83	118	110
	2	-3	-1	23	31	-4	27	53	77	122
FINANCIAL HEALTH
Debt to Equity (x)	0.66x	1.73x	1.91x	1.05x	0.33x	0.41x	0.35x	0.78x	1.19x	2.40x
Interest Coverage (x)	102.90x	6.51x	3.88x	3.42x	2.54x	2.69x	4.18x	4.91x	2.97x	3.18x
	0.99x	1.07x	1.21x	1.59x	1.76x	1.45x	1.29x	1.35x	1.22x	1.21x
GROWTH
Revenue Growth %	0.00%	35.45%	123.31%	25.01%	36.93%	18.55%	29.48%	11.83%	1.57%	21.21%
Operating Profit Growth %	0.00%	211.95%	161.36%	59.59%	46.49%	9.45%	68.16%	56.56%	63.71%	25.45%
Net Profit Growth %	0.00%	399.09%	157.38%	57.94%	-3.41%	42.36%	86.85%	98.73%	37.73%	28.43%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-8.20%	-14.37%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	45.38x	49.76x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	14.47x	11.05x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.25%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	33.22x	27.67x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	63.60	64.30	64.15	57.76	52.83	50.67	50.35	50.35	50.28
	0.01	0.15	0.00	0.16	0.37	1.57	2.00	0.77	2.79
	0.00	0.00	0.00	0.21	0.20	0.09	0.00	0.00	0.08
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	36.39	35.55	35.85	41.86	46.60	47.66	47.65	48.88	46.85

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-27

Updates

2026-08-27 - SBC Exports Limited has informed the Exchange regarding Schedule of the 15th Annual General Meeting.

2026-08-27

Updates

2026-08-27 - SBC Exports Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding Appointment of Cost Auditor and Schedule of the 15th Annual General Meeting of the Company.

2026-08-20

Press Release

2026-08-20 - SBC Exports Limited has informed the Exchange regarding a press release dated August 20, 2026, titled "For decleration of the Financial Result for Quarter ended on 30th June 2026".

2026-08-12

General Updates

2026-08-12 - SBC Exports Limited has informed the withdrawal/cancellation of the proposed Preferential Issue of 27516513 Equity Share of the face value of INR 1 each at an price of INR 36.00, upon the conversion unsecured Loan of INR 99,05,94,474/- only, to promoters and promoter Group on a preferential basis and all ancillary Resolutions related thereof earlier approved by the Board of Directors at its meeting held on 29th May, 2026.

2026-08-12

General Updates

2026-08-12 - SBC Exports Limited has informed the withdrawal/cancellation of the resolution relating to the issuance of equity shares to promoters and promoter Group by conversion of existing unsecured loans on a preferential basis and all ancillary Resolutions related thereof approved by the Board at its meeting held on 29th May, 2026.

2026-08-12

Outcome of Board Meeting

2026-08-12 - Outcome of Board Meeting for unaudited Standalone and Consolidated Financial Result of the Company for the Quarter ended on June 30, 2026,

2026-07-27

Bagging/Receiving of orders/contracts

2026-07-27 - SBC Exports Limited has informed the Exchange about Bagging/Receiving of orders/contracts from Ministry of Electronics and Information Technology through (NICSI). for an amount of Rs. 52,19,862/

2026-07-10

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-10 - SBC Exports Limited has informed the Exchange about Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter Ended on 30th June, 2026.

2026-07-02

Bagging/Receiving of orders/contracts

2026-07-02 - SBC Exports Limited has informed the Exchange about Bagging/Receiving of orders/contracts from Mahamana Pandit Madan Mohan Malaviya Cancer Centre & Homi Bhabha Cancer Hospital (MPMMCC), Banaras Hindu University (BHU), Varanasi amounting approx 32cr.

News

Recent coverage and analyst commentary for SBC

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Free 5nance Account

Name

PAGEIND

35600.00

52.54

39707.79

1.54

192.81

-3.98

1420.45

7.89

73.60

20.35

KPRMILL

1157.40

43.36

39561.55

0.43

258.54

21.55

1935.52

14.77

20.16

19.37

WELSPUNLIV

198.10

67.41

18715.55

0.05

162.61

82.09

2795.45

23.66

15.04

11.53

VTL

602.40

20.57

17444.11

0.83

314.56

51.46

2703.08

13.31

8.91

18.11

ARVIND

557.55

36.62

15167.63

0.81

57.77

5.61

2500.96

24.65

15.30

9.64

MANYAVAR

547.25

33.00

13296.98

1.42

66.90

37.31

267.95

22.74

33.92

45.53

PGIL

2349.25

34.97

10851.31

0.62

99.23

51.37

1528.26

24.46

22.42

10.72

SWANCORP

289.20

40.55

9065.17

0.05

-35.99

-233.33

1013.75

-16.44

4.50

-0.38

ICIL

433.35

56.88

8582.68

0.35

63.22

67.28

1206.96

25.89

8.73

11.88

GARFIBRES

836.60

38.89

8169.26

1.08

64.60

21.56

482.37

31.35

20.98

18.70

KUSUMGAR

566.15

60.53

5944.09

0.00

426.47

—

2472.47

—

26.15

30.50

SBC

42.05

49.58

2002.38

0.00

9.60

176.93

121.08

67.09

18.09

10.83

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

105

106

100

Operating Profit

OPM %

10.36%

11.78%

7.97%

6.18%

10.39%

11.34%

3.06%

4.92%

8.38%

15.12%

13.89%

4.34%

11.90%

Other Income

Interest

Depreciation

Tax %

0.00%

2.68%

0.00%

24.84%

Net Profit

Equity Capital

Reserves

Promoter Pledge %

0.00%

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

110

130

168

188

191

232

346

105

126

160

178

174

214

313

Operating Profit

—

OPM %

—

Other Income

Interest

Depreciation

Tax %

Net Profit

EPS

—

Dividend Payout %

—

Minority Interest

Share of Associates

Adjusted EPS

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

-0

Trade Payables

Total Liabilities

114

184

256

ASSETS

Capital Work in Progress

Cash & Bank

Total Assets

114

184

256

Total Debt

130

Net Working Capital

-0

Contingent Liabilities

Book Value per Share

25.48

58.32

147.58

16.84

19.50

21.24

1.25

1.62

1.39

1.14

Face Value

10.00

1.00

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-17

-2

-12

-65

Cash from Investing

-0

-1

-3

-2

-1

-4

-5

-27

-3

Cash from Financing

-0

-1

Free Cash Flow

-1

-20

-3

-15

-14

-70

OCF / Net Profit

7.76

0.65

0.44

-13.10

3.06

-0.96

1.46

-1.73

0.28

-5.42

Cumulative 5-Year FCF

-22

-19

-33

-27

-100

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

PER SHARE

EPS (₹)

6.58

32.84

84.52

1.76

1.22

1.73

0.16

0.32

0.30

0.25

Book Value (₹)

25.48

58.32

147.58

16.84

19.50

21.24

1.25

1.62

1.39

1.14

Dividend per Share (₹)

0.00

0.05

0.00

Cash EPS (₹)

0.43

0.99

2.24

0.05

0.09

0.17

0.22

0.28

PROFITABILITY

Operating Margin %

1.09%

2.50%

2.93%

3.74%

4.00%

2.50%

3.93%

5.89%

8.80%

7.45%

Net Margin %

0.31%

1.15%

1.32%

1.67%

1.18%

0.95%

1.67%

3.18%

4.84%

5.21%

ROE %

25.82%

78.38%

82.10%

18.70%

7.71%

8.52%

14.04%

22.44%

23.91%

24.49%

ROCE %

24.28%

59.38%

58.14%

17.14%

11.97%

13.68%

21.88%

23.87%

24.53%

17.43%

1.37%

4.67%

6.00%

4.52%

2.78%

2.85%

3.97%

6.46%

6.29%

5.47%

EFFICIENCY

Debtor Days

134

135

Inventory Days

Payable Days

118

110

-3

-1

-4

122

FINANCIAL HEALTH

Debt to Equity (x)

0.66x

1.73x

1.91x

1.05x

0.33x

0.41x

0.35x

0.78x

1.19x

2.40x

Interest Coverage (x)

102.90x

6.51x

3.88x

3.42x

2.54x

2.69x

4.18x

4.91x

2.97x

3.18x

0.99x

1.07x

1.21x

1.59x

1.76x

1.45x

1.29x

1.35x

1.22x

1.21x

GROWTH

Revenue Growth %

0.00%

35.45%

123.31%

25.01%

36.93%

18.55%

29.48%

11.83%

1.57%

21.21%

Operating Profit Growth %

0.00%

211.95%

161.36%

59.59%

46.49%

9.45%

68.16%

56.56%

63.71%

25.45%

Net Profit Growth %

0.00%

399.09%

157.38%

57.94%

-3.41%

42.36%

86.85%

98.73%

37.73%

28.43%

0.00%

-8.20%

-14.37%

VALUATION

P/E (x)

0.00x

45.38x

49.76x

P/B (x)

0.00x

14.47x

11.05x

Dividend Yield %

0.00%

0.25%

0.00%

0.00x

33.22x

27.67x

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

63.60

64.30

64.15

57.76

52.83

50.67

50.35

50.28

0.01

0.15

0.00

0.16

0.37

1.57

2.00

0.77

2.79

0.00

0.21

0.20

0.09

0.00

0.08

Government

0.00

36.39

35.55

35.85

41.86

46.60

47.66

47.65

48.88

46.85

SBC Exports Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

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Shareholding Pattern

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SBC Exports Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI