Standard Industries Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Trading: 100.0%
AI Sector View
AI GENERATEDOil Gas & Consumable Fuels
Sector economics are clouded by input volatility and uneven volume trends. WPI fuel inflation is very high at 20.05% (Jul/26), crude oil output is -5.3% YoY (2026-07), natural gas is -3.7% YoY (2026-07), and natural gas consumption is -3.0% YoY (2026-06), although refinery products grew 2.7% YoY (2026-07) and coal was 7.6% YoY (2026-07). Heavy FPI outflows of INR -15293 crore over 3 months to 2026-08-31 and negative oil-linked news flow reinforce the underweight.
PROS
- Company is almost debt free
- Latest quarter profit grew 7757.1% YoY, showing strong momentum
- Company has delivered good sales growth of 32.6% CAGR over last 5 years
- Working capital cycle has improved - days down from 1111 to 712
- Company generates healthy free cash flow
- Offers a healthy dividend yield of 4.1%
CONS
- Company is loss-making at the operating / net level
- Company has a low return on capital employed of -5.4%
- Company has a low return on equity of -6.4% over last 3 years
- Interest coverage is weak at -4.1x - earnings barely cover interest
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.10x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIENT | 2886.00 | 52.48 | 390684.34 | 0.04 | -1461.54 | -249.67 | 32923.98 | 49.92 | 13.30 | 15.57 |
| PREMIERENE | 1002.00 | 27.32 | 45485.94 | 0.10 | 471.92 | 53.32 | 2462.59 | 35.25 | 33.72 | 29.03 |
| AEGISLOG | 1286.15 | 36.08 | 45143.87 | 0.68 | 544.84 | 210.70 | 2356.86 | 37.07 | 19.76 | 30.28 |
| CPPLUS | 3748.55 | 92.91 | 44345.51 | 0.04 | 142.20 | 332.51 | 1402.42 | 89.51 | 29.48 | 14.52 |
| REDINGTON | 372.40 | 17.12 | 29113.28 | 1.61 | 453.49 | 94.65 | 34922.47 | 34.57 | 18.96 | 2.03 |
| HONASA | 477.45 | 62.55 | 15566.03 | 0.63 | 90.45 | 118.87 | 755.95 | 27.00 | 8.99 | 14.58 |
| LLOYDSENT | 71.95 | 97.81 | 10983.54 | 0.21 | 109.98 | -55.77 | 563.03 | 70.15 | 12.84 | 18.07 |
| SGMART | 814.50 | 82.57 | 10265.57 | 0.00 | 455.80 | 1310.71 | 13085.70 | 1044.08 | 10.43 | 4.49 |
| MMTC | 62.28 | 20.88 | 9342.00 | 0.00 | 104.24 | 135.52 | 0.68 | -50.00 | 33.46 | -1423.53 |
| ENTERO | 1847.60 | 64.12 | 8041.32 | 0.00 | 52.05 | 72.17 | 1940.50 | 38.23 | 10.93 | 5.00 |
| CELLO | 343.50 | 24.77 | 7747.24 | 0.44 | 73.40 | -8.99 | 526.72 | -0.43 | 17.15 | 18.80 |
| SIL | 19.58 | 2.03 | 125.96 | 4.09 | 80.39 | 7981.27 | 192.57 | 1734.03 | -13.00 | 44.82 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 5 | 3 | 5 | 4 | 4 | 6 | 8 | 8 | 6 | 7 | 9 | 190 | |
| 10 | 9 | 6 | 8 | 7 | 7 | 8 | 11 | 11 | 9 | 10 | 13 | 105 | |
| Operating Profit | -3 | -4 | -3 | -3 | -3 | -3 | -3 | -3 | -3 | -3 | -3 | -3 | 84 |
| OPM % | -45.34% | -80.76% | -118.12% | -67.00% | -63.76% | -71.40% | -49.91% | -40.85% | -32.87% | -46.48% | -46.51% | -34.92% | 44.41% |
| 1 | -0 | 2 | 8 | 2 | 3 | -3 | 0 | 3 | -2 | 1 | -1 | 0 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before Tax | -3 | -5 | -3 | 4 | -2 | -1 | -6 | -4 | -1 | -7 | -4 | -6 | 85 |
| Tax % | -0.00% | -0.00% | -0.00% | -147.21% | -0.00% | -0.00% | -0.00% | -0.48% | -0.00% | -0.00% | -0.00% | -0.00% | 5.91% |
| Net Profit | -3 | -5 | -3 | 9 | -2 | -1 | -6 | -4 | -1 | -7 | -4 | -6 | 80 |
| -0.47 | -0.82 | -0.47 | 1.45 | -0.29 | -0.21 | -0.99 | -0.65 | -0.16 | -1.04 | -0.60 | -0.94 | 12.38 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 10 | 13 | 17 | 7 | 436 | 16 | 19 | 22 | 31 | 212 | |
| 27 | 25 | 27 | 44 | 20 | 233 | 30 | 32 | 37 | 44 | 138 | |
| Operating Profit | -20 | -15 | -14 | -28 | -13 | 202 | -14 | -13 | -15 | -14 | 75 |
| OPM % | -268.29% | -147.72% | -109.70% | -165.17% | -172.43% | 46.45% | -85.96% | -70.49% | -67.37% | -44.91% | 35.20% |
| 7 | 39 | 10 | 3 | 31 | 24 | 45 | 12 | 6 | 2 | -2 | |
| Interest | 4 | 8 | 18 | 15 | 14 | 4 | 6 | 3 | 2 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 3 | 3 | 2 | 2 | 3 | 2 | 2 | 2 |
| Profit before Tax | -17 | 15 | -24 | -43 | 2 | 220 | 22 | -8 | -14 | -18 | 68 |
| Tax % | 0.82% | 22.82% | -0.00% | 4.67% | 0.00% | 16.59% | 8.97% | 73.14% | -0.12% | -0.00% | 7.34% |
| Net Profit | -17 | 11 | -24 | -41 | 2 | 184 | 20 | -2 | -14 | -18 | 63 |
| EPS | 0.00 | 0.00 | 0.00 | -6.36 | 0.28 | 28.53 | 3.15 | -0.32 | -2.15 | -2.73 | — |
| Dividend Payout % | -27.90% | 56.23% | 0.00% | 0.00% | 0.00% | 8.76% | 33.30% | -331.65% | 0.00% | -29.25% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 17%
- 5 Years:
- 33%
- 3 Years:
- 24%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- -5%
- 5 Years:
- 6%
- 3 Years:
- -6%
- 1 Year:
- 7%
RETURN ON EQUITY
- 10 Years:
- 1%
- 5 Years:
- 34%
- 3 Years:
- -6%
- Last Year:
- -10%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 |
| 46 | 51 | 19 | -22 | -21 | 163 | 167 | 154 | 137 | 135 | |
| 0 | 108 | 143 | 113 | 52 | 26 | 26 | 21 | 12 | 2 | |
| Trade Payables | 1 | 2 | 4 | 5 | 6 | 6 | 4 | 2 | 7 | 6 |
| 84 | 91 | 208 | 289 | 366 | 79 | 15 | 16 | 12 | 68 | |
| Total Liabilities | 163 | 285 | 407 | 417 | 436 | 306 | 244 | 226 | 200 | 243 |
| 9 | 13 | 30 | 32 | 7 | 7 | 9 | 7 | 6 | 12 | |
| Capital Work in Progress | 33 | 44 | 76 | 90 | 90 | 0 | 0 | 0 | 0 | 0 |
| 89 | 162 | 210 | 238 | 178 | 157 | 133 | 122 | 109 | 93 | |
| 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47 | 43 | 42 | |
| Cash & Bank | 5 | 9 | 43 | 8 | 59 | 72 | 3 | 6 | 2 | 3 |
| 26 | 56 | 46 | 50 | 102 | 71 | 99 | 44 | 41 | 93 | |
| Total Assets | 163 | 285 | 407 | 417 | 436 | 306 | 244 | 226 | 200 | 243 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21 | 2 | 110 | 74 | 41 | 61 | -74 | -6 | 0 | 43 | |
| Cash from Investing | -6 | -77 | -84 | -63 | 89 | -14 | 60 | 21 | 17 | -21 |
| Cash from Financing | -16 | 78 | 9 | -46 | -75 | -32 | -23 | -14 | -19 | -21 |
| 0 | 4 | 34 | -36 | 52 | 12 | -69 | 0 | -2 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | -2.69 | 1.78 | -3.73 | -6.36 | 0.28 | 28.53 | 3.15 | -0.32 | -2.15 | -2.73 |
| Book Value (₹) | 12.08 | 12.95 | 8.00 | 1.64 | 1.74 | 30.29 | 30.96 | 28.98 | 26.30 | 25.92 |
| Dividend per Share (₹) | 0.75 | 1.00 | 0.00 | 0.00 | 0.00 | 2.50 | 1.05 | 1.05 | 0.00 | 0.80 |
| Cash EPS (₹) | -2.56 | 1.90 | -3.56 | -5.91 | 0.77 | 28.88 | 3.54 | 0.08 | -1.76 | -2.35 |
| PROFITABILITY | ||||||||||
| Operating Margin % | -168.86% | 233.88% | -34.89% | -149.85% | 247.30% | 52.04% | 196.41% | -69.68% | -66.25% | -44.86% |
| Net Margin % | -235.24% | 112.45% | -187.82% | -244.04% | 24.05% | 42.14% | 127.45% | -10.57% | -60.74% | -57.28% |
| ROE % | -20.47% | 14.21% | -35.64% | -131.96% | 16.60% | 178.17% | 10.30% | -1.06% | -7.76% | -10.47% |
| ROCE % | -12.46% | 16.00% | -2.90% | -17.67% | 16.60% | 158.22% | 12.96% | -2.07% | -6.06% | -8.13% |
| -10.99% | 5.11% | -6.95% | -9.94% | 0.42% | 49.48% | 7.37% | -0.87% | -6.49% | -7.95% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 64 | 572 | 627 | 290 | 696 | 7 | 497 | 830 | 719 | 505 |
| Inventory Days | 30 | 15 | 7 | 5 | 10 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 70 | 66 | 93 | 96 | 275 | 297 | 129 | 67 | 77 | 78 |
| 25 | 520 | 541 | 199 | 431 | -290 | 367 | 763 | 642 | 427 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.24x | 1.30x | 2.79x | 10.58x | 4.65x | 0.13x | 0.12x | 0.11x | 0.07x | 0.00x |
| Interest Coverage (x) | -3.16x | 2.81x | -0.30x | -1.88x | 1.13x | 51.12x | 4.44x | -1.43x | -5.87x | -4.11x |
| 0.32x | 1.52x | 0.58x | 0.58x | 0.47x | 1.56x | 7.97x | 8.61x | 6.74x | 1.88x | |
| GROWTH | ||||||||||
| Revenue Growth % | 16.70% | 38.39% | 25.73% | 31.07% | -55.31% | 5713.29% | -96.35% | 19.72% | 17.29% | 37.29% |
| Operating Profit Growth % | -33.89% | 291.67% | -118.76% | -462.88% | 173.75% | 1123.34% | -86.21% | -106.02% | -394.53% | -25.53% |
| Net Profit Growth % | -51.65% | 166.15% | -310.01% | -70.31% | 104.40% | 0.00% | -88.95% | -110.04% | -577.88% | -27.44% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -110.04% | -577.80% | -27.44% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.78x | 0.73x | 0.46x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.64% | 0.00% | 6.76% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -85.08x | -14.36x | -6.29x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-19 - Standard Industries Limited has informed the Exchange about Re-Appointment of Shri Khurshed Thanawalla as Non-Executive Independent Director.
2026-08-19 - Standard Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 18, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-18 - Standard Industries Limited has informed the Exchange about Shareholders meeting
2026-08-11 - Standard Industries Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-10 - Standard Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-22 - Standard Industries Limited has informed the Exchange about Copy of Newspaper Publication of Abriged Notice of 129th AGM
2026-07-21 - Standard Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 18, 2026
2026-07-14 - Standard Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
2026-06-24 - Standard Industries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
News
Recent coverage and analyst commentary for SIL
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