Swaraj Suiting Ltd.

•

swarajsuiting.comBSE: -NSE: SWARAJ

Market Cap₹ 938 Cr.

Current Price

High / Low₹ 387 / 158

Stock P/E17.9

Book Value₹ 123

Price to Book2.21

Dividend Yield0.00 %

ROCE18.3 %

ROE26.8 %

Face Value₹ 10

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ABOUT

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%

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PROS

Company has delivered good profit growth of 59.2% CAGR over last 5 years
Latest quarter profit grew 784.3% YoY, showing strong momentum
Company has delivered good sales growth of 48.2% CAGR over last 5 years
Operating margins have improved to 17.5% from 10.7%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.23x)

CONS

Company has a high debt-to-equity of 1.76x
Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -8.6pp
Free cash flow has been persistently negative
Total debt has risen sharply - up 53.0% year on year

* 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	35971.80	53.08	40122.49	1.53	192.81	-3.98	1420.45	7.89	73.60	20.35
2.	KPRMILL	1134.85	42.52	38790.76	0.44	258.54	21.55	1935.52	14.77	20.16	19.37
3.	WELSPUNLIV	207.65	70.66	19617.79	0.05	162.61	82.09	2795.45	23.66	6.41	11.53
4.	VTL	583.75	19.94	16904.05	0.86	314.56	51.46	2703.08	13.31	8.91	18.11
5.	ARVIND	581.35	38.19	15815.08	0.77	57.77	5.61	2500.96	24.65	15.30	9.64
6.	MANYAVAR	579.35	34.94	14076.94	1.34	66.90	37.31	267.95	22.74	29.45	45.53
7.	PGIL	2366.40	35.22	10930.53	0.61	99.23	51.37	1528.26	24.46	22.42	10.72
8.	ICIL	451.50	59.27	8942.15	0.33	63.22	67.28	1206.96	25.89	8.73	11.88
9.	SWANCORP	276.75	38.80	8674.92	0.05	-35.99	-233.33	1013.75	-16.44	4.50	-0.38
10.	GARFIBRES	819.05	38.07	7997.89	1.10	64.60	21.56	482.37	31.35	20.98	18.70
11.	KUSUMGAR	565.75	60.49	5939.89	0.00	426.47	—	2472.47	—	26.15	30.50
12.	SWARAJ	355.10	17.48	938.11	0.00	16.42	—	183.37	8.31	18.28	19.48

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026	Jun 2026
	86	169	77	165	207	183
	71	136	66	140	173	165
Operating Profit	15	34	11	25	34	19
OPM %	17.06%	19.81%	14.00%	15.02%	16.62%	10.12%
	1	-1	1	1	6	2
Interest	5	6	9	6	5	11
Depreciation	3	3	4	6	6	6
Profit before Tax	7	23	11	15	28	21
Tax %	31.03%	20.47%	29.19%	26.81%	14.32%	21.97%
Net Profit	5	18	8	11	24	16
	2.65	8.29	3.69	5.00	10.85	6.16

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	56	58	60	129	219	320	417	633
	44	45	50	115	196	280	344	544
Operating Profit	12	13	10	13	23	40	73	89
OPM %	21.41%	22.54%	16.43%	10.37%	10.71%	12.43%	17.50%	14.00%
	0	0	0	0	1	6	2	10
Interest	3	4	3	3	9	13	19	32
Depreciation	6	6	4	5	8	8	11	22
Profit before Tax	3	4	3	6	8	24	45	76
Tax %	21.23%	16.69%	19.72%	24.98%	27.27%	25.41%	25.30%	21.15%
Net Profit	2	3	3	5	6	18	33	60
EPS	10.51	16.79	11.71	6.35	7.94	9.99	15.13	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 48%
3 Years:: 48%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 59%
3 Years:: 94%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 46%
1 Year:: 101%

RETURN ON EQUITY

10 Years:: —
5 Years:: 15%
3 Years:: 19%
Last Year:: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	2	2	2	7	7	18	22
	24	29	36	53	59	83	131
	41	35	42	74	113	162	251
Trade Payables	6	9	9	3	45	63	132
	3	3	3	5	6	29	34
Total Liabilities	76	78	91	141	230	355	570
	43	37	36	37	81	77	262
Capital Work in Progress	0	0	0	41	3	69	13
	3	4	3	3	3	3	3
	20	26	31	30	68	90	140
	0	0	0	0	0	66	101
Cash & Bank	0	0	0	2	0	0	0
	9	11	22	29	75	50	52
Total Assets	76	78	91	141	230	355	570

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	14	8	6	15	-13	45	41
Cash from Investing	-5	0	-6	-47	-17	-99	-127
Cash from Financing	-8	-8	0	34	31	54	87
	-0	0	-0	2	-2	-0	0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	73.30	68.91	73.59	71.59	74.97	74.97	74.97	64.95	64.69
	0.00	0.00	0.00	0.01	0.01	0.00	0.00	0.85	0.79
	0.00	0.00	0.00	0.00	0.13	0.03	0.71	0.59	0.59
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.69	31.09	26.41	28.40	24.90	25.00	24.32	33.60	33.93

Documents

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

2026-09-08

Shareholders meeting

2026-09-08 - Swaraj Suiting Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026

2026-09-06

Outcome of Board Meeting

2026-09-06 - Swaraj Suiting Limited has informed the Exchange regarding Outcome of Board Meeting held on September 06, 2026.

2026-09-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - Swaraj Suiting Limited has informed the Exchange about Schedule of meet

2026-09-02

Credit Rating- New

2026-09-02 - Swaraj Suiting Limited has informed the Exchange about Credit Rating- New

2026-08-14

Monitoring Agency Report

2026-08-14 - Swaraj Suiting Limited submit the Monitoring Agency Report to the Exchange for the quarter ended on June 30, 2026 issued by CRISIL Ratings Limited in respect of utilisation of proceeds from preferential issue of Equity Shares and convertible warrants

2026-08-12

General Updates

2026-08-12 - Swaraj Suiting Limited has informed the Exchange about receipt of approval from BSE for Listing of equity shares on Capital Market Segment (Main Board) pursuant to Migration from SME Emerge platform (NSE)

2026-08-11

General Updates

2026-08-11 - Swaraj Suiting Limited has informed the Exchange about receipt of approval from NSE for Listing of equity shares on Capital Market the Company on (Main Board) pursuant to Migration from SME Emerge platform (NSE).

2026-08-09

Copy of Newspaper Publication

2026-08-09 - Swaraj Suiting Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for SWARAJ

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Swaraj Suiting Ltd.

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Free 5nance Account

Name

PAGEIND

35971.80

53.08

40122.49

1.53

192.81

-3.98

1420.45

7.89

73.60

20.35

KPRMILL

1134.85

42.52

38790.76

0.44

258.54

21.55

1935.52

14.77

20.16

19.37

WELSPUNLIV

207.65

70.66

19617.79

0.05

162.61

82.09

2795.45

23.66

6.41

11.53

VTL

583.75

19.94

16904.05

0.86

314.56

51.46

2703.08

13.31

8.91

18.11

ARVIND

581.35

38.19

15815.08

0.77

57.77

5.61

2500.96

24.65

15.30

9.64

MANYAVAR

579.35

34.94

14076.94

1.34

66.90

37.31

267.95

22.74

29.45

45.53

PGIL

2366.40

35.22

10930.53

0.61

99.23

51.37

1528.26

24.46

22.42

10.72

ICIL

451.50

59.27

8942.15

0.33

63.22

67.28

1206.96

25.89

8.73

11.88

SWANCORP

276.75

38.80

8674.92

0.05

-35.99

-233.33

1013.75

-16.44

4.50

-0.38

GARFIBRES

819.05

38.07

7997.89

1.10

64.60

21.56

482.37

31.35

20.98

18.70

KUSUMGAR

565.75

60.49

5939.89

0.00

426.47

—

2472.47

—

26.15

30.50

SWARAJ

355.10

17.48

938.11

0.00

16.42

—

183.37

8.31

18.28

19.48

Dec 2024

Mar 2025

Jun 2025

Dec 2025

Mar 2026

Jun 2026

169

165

207

183

136

140

173

165

Operating Profit

OPM %

17.06%

19.81%

14.00%

15.02%

16.62%

10.12%

-1

Interest

Depreciation

Profit before Tax

Tax %

31.03%

20.47%

29.19%

26.81%

14.32%

21.97%

Net Profit

2.65

8.29

3.69

5.00

10.85

6.16

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

129

219

320

417

633

115

196

280

344

544

Operating Profit

OPM %

21.41%

22.54%

16.43%

10.37%

10.71%

12.43%

17.50%

14.00%

Interest

Depreciation

Profit before Tax

Tax %

21.23%

16.69%

19.72%

24.98%

27.27%

25.41%

25.30%

21.15%

Net Profit

EPS

10.51

16.79

11.71

6.35

7.94

9.99

15.13

—

Dividend Payout %

0.00%

—

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

131

113

162

251

Trade Payables

132

Total Liabilities

141

230

355

570

262

Capital Work in Progress

140

101

Cash & Bank

Total Assets

141

230

355

570

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-13

Cash from Investing

-5

-6

-47

-17

-99

-127

Cash from Financing

-8

-0

-2

-0

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2023

Sep 2023

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

73.30

68.91

73.59

71.59

74.97

64.95

64.69

0.00

0.01

0.00

0.85

0.79

0.00

0.13

0.03

0.71

0.59

Government

0.00

26.69

31.09

26.41

28.40

24.90

25.00

24.32

33.60

33.93

Swaraj Suiting 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

Swaraj Suiting 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