SBC Exports Ltd.

40.10.6%

2026-08-21

sbcexportslimited.comBSE: 542725NSE: SBC
Market Cap₹ 1,844 Cr.
Current Price₹ 40
High / Low₹ 45 / 16
Stock P/E45.7
Book Value₹ 2
Price to Book10.79
Dividend Yield0.00 %
ROCE18.1 %
ROE26.8 %
Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Garment Manufacturing & Trading: 44.4% • IT & Manpower Supply: 32.3% • Tour & Travelling Operator: 23.3%

PROS

  • Company has a good return on equity (ROE) track record: 3 Years ROE 24.4%
  • Company has a healthy return on capital (ROCE) of 22.2%
  • Latest quarter profit grew 176.9% YoY, showing strong momentum
  • Institutional investors have been accumulating - FII+DII up 2.3pp
  • Attractively priced for its growth - PEG of 0.8

CONS

  • Company has a high debt-to-equity of 2.45x
  • Operating cash flow has been negative in recent years
  • A large part of profit comes from other income (49.0% 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 -2.88x)

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

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.PAGEIND35400.000.0039484.711.55192.81-3.981420.457.8973.6020.35
2.KPRMILL1122.4542.0538366.910.45258.5421.551935.5214.7720.1619.37
3.VTL594.7520.3017216.570.84314.5651.462703.0813.3111.3118.11
4.WELSPUNLIV181.2561.6817123.640.06162.6182.092795.4523.6615.0411.53
5.ARVIND518.1534.0414095.790.8757.775.612500.9624.6513.989.64
6.MANYAVAR542.7532.7313187.641.4366.9037.31267.9522.7433.9245.53
7.PGIL2410.9535.8811136.310.6099.2351.371528.2624.4622.4210.72
8.SWANCORP302.2542.389474.230.05-35.99-233.331013.75-16.444.50-0.38
9.ICIL444.1558.308796.580.3463.2267.281206.9625.898.7311.88
10.GARFIBRES759.8535.327419.811.1864.6021.56482.3731.3520.9818.70
11.KUSUMGAR565.7060.485939.360.00426.472472.4726.1530.50
12.SBC38.7245.661843.810.009.60176.93121.0867.0918.0910.83
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
53
48
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
0
5
Tax %
0.00%
Net Profit
0
0
Equity Capital
21
Reserves
18
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
18
Promoter Pledge %
0.00%
Sep 2023
35
31
Operating Profit
OPM %
Other Income
0
Interest
1
Depreciation
0
2
Tax %
0.00%
Net Profit
0
0
Equity Capital
21
Reserves
22
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
22
Promoter Pledge %
0.00%
Dec 2023
52
48
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
0
3
Tax %
0.00%
Net Profit
0
0
Equity Capital
21
Reserves
24
Promoter Pledge %
0.00%
Equity Capital
21
Reserves
24
Promoter Pledge %
0.00%
Mar 2024
69
65
Operating Profit
OPM %
Other Income
2
Interest
2
Depreciation
0
3
Tax %
0.00%
Net Profit
0
0
Equity Capital
32
Reserves
13
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
13
Promoter Pledge %
0.00%
Jun 2024
66
60
Operating Profit
OPM %
Other Income
1
Interest
2
Depreciation
0
5
Tax %
0.00%
Net Profit
5
0
Equity Capital
32
Reserves
20
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
20
Promoter Pledge %
0.00%
Sep 2024
66
60
Operating Profit
OPM %
Other Income
2
Interest
2
Depreciation
0
5
Tax %
0.00%
Net Profit
5
0
Equity Capital
32
Reserves
24
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
24
Promoter Pledge %
0.00%
Dec 2024
72
70
Operating Profit
OPM %
Other Income
4
Interest
2
Depreciation
0
4
Tax %
2.19%
Net Profit
4
0
Equity Capital
32
Reserves
27
Promoter Pledge %
0.00%
Equity Capital
32
Reserves
27
Promoter Pledge %
0.00%
Mar 2025
96
92
Operating Profit
OPM %
Other Income
1
Interest
2
Depreciation
0
4
Tax %
0.00%
Net Profit
4
0
Equity Capital
48
Reserves
8
Promoter Pledge %
0.00%
Equity Capital
48
Reserves
8
Promoter Pledge %
0.00%
Jun 2025
72
67
Operating Profit
OPM %
Other Income
0
Interest
2
Depreciation
0
3
Tax %
0.00%
Net Profit
3
0
Equity Capital
48
Reserves
11
Promoter Pledge %
0.00%
Equity Capital
48
Reserves
11
Promoter Pledge %
0.00%
Sep 2025
85
74
Operating Profit
OPM %
Other Income
4
Interest
2
Depreciation
0
11
Tax %
0.00%
Net Profit
11
0
Equity Capital
48
Reserves
23
Promoter Pledge %
0.00%
Equity Capital
48
Reserves
23
Promoter Pledge %
0.00%
Dec 2025
104
93
Operating Profit
OPM %
Other Income
4
Interest
4
Depreciation
0
11
Tax %
0.00%
Net Profit
11
0
Equity Capital
48
Reserves
34
Promoter Pledge %
0.00%
Equity Capital
48
Reserves
34
Promoter Pledge %
0.00%
Mar 2026
142
136
Operating Profit
OPM %
Other Income
6
Interest
3
Depreciation
1
8
Tax %
0.00%
Net Profit
8
0
Equity Capital
48
Reserves
33
Promoter Pledge %
0.00%
Equity Capital
48
Reserves
33
Promoter Pledge %
0.00%
Jun 2026
121
112
Operating Profit
OPM %
Other Income
4
Interest
4
Depreciation
0
13
Tax %
24.70%
Net Profit
10
0
Equity Capital
48
Reserves
41
Promoter Pledge %
0.00%
Equity Capital
48
Reserves
41
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
169
161
Operating Profit
8
OPM %
5
Other Income
0
Interest
2
Depreciation
1
6
Tax %
39
Net Profit
3
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2023
196
185
Operating Profit
13
OPM %
7
Other Income
2
Interest
2
Depreciation
1
9
Tax %
26
Net Profit
7
EPS
0
Dividend Payout %
15
Minority Interest
-0
Share of Associates
0
Adjusted EPS
0
Minority Interest
-0
Share of Associates
0
Adjusted EPS
0
Mar 2024
209
192
Operating Profit
21
OPM %
10
Other Income
4
Interest
7
Depreciation
2
13
Tax %
28
Net Profit
9
EPS
0
Dividend Payout %
17
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2025
300
281
Operating Profit
28
OPM %
9
Other Income
9
Interest
8
Depreciation
2
18
Tax %
27
Net Profit
13
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
TTM
452
415
Operating Profit
OPM %
Other Income
17
Interest
13
Depreciation
2
44
Tax %
7
Net Profit
40
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

COMPOUNDED SALES GROWTH

10 Years:
5 Years:
3 Years:
21%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:
57%

STOCK PRICE CAGR

10 Years:
5 Years:
3 Years:
57%
1 Year:
109%

RETURN ON EQUITY

10 Years:
5 Years:
3 Years:
24%
Last Year:
27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

2025

Mar 10

1:2

Increase in Authorised Capital & Bonus issue & Quarterly Results

2024

Jan 19

1:2

Bonus issue Inter alia, to transact the following business: 1. To increase in authorized share capital of the Company and subsequent alteration to the Memorandum of Association of the Company; 2. to recommend and approve of Bonus Shares to the equity shareholders of the Company. 3. To discuss any other matter related with the Bonus Issue;

2022

Feb 22

1:1

Stock Split & Bonus issue

Mar 2022
Equity Capital
21
5
5
Trade Payables
38
28
Total Liabilities
97
6
Capital Work in Progress
0
2
25
0
Cash & Bank
4
60
Total Assets
97
Total Debt
9
Net Working Capital
19
Contingent Liabilities
0
Book Value per Share
1.25
Face Value
1.00
Total Debt
9
Net Working Capital
19
Contingent Liabilities
0
Book Value per Share
1.25
Face Value
1.00
Mar 2023
Equity Capital
21
13
21
Trade Payables
34
25
Total Liabilities
115
8
Capital Work in Progress
0
4
30
0
Cash & Bank
5
68
Total Assets
115
Total Debt
27
Net Working Capital
26
Contingent Liabilities
0
Book Value per Share
1.63
Face Value
1.00
Total Debt
27
Net Working Capital
26
Contingent Liabilities
0
Book Value per Share
1.63
Face Value
1.00
Mar 2024
Equity Capital
32
12
23
Trade Payables
64
54
Total Liabilities
185
23
Capital Work in Progress
1
6
35
86
Cash & Bank
5
28
Total Assets
185
Total Debt
53
Net Working Capital
33
Contingent Liabilities
0
Book Value per Share
1.39
Face Value
1.00
Total Debt
53
Net Working Capital
33
Contingent Liabilities
0
Book Value per Share
1.39
Face Value
1.00
Mar 2025
Equity Capital
48
8
76
Trade Payables
51
88
Total Liabilities
271
25
Capital Work in Progress
3
5
87
82
Cash & Bank
13
55
Total Assets
271
Total Debt
136
Net Working Capital
48
Contingent Liabilities
0
Book Value per Share
1.17
Face Value
1.00
Total Debt
136
Net Working Capital
48
Contingent Liabilities
0
Book Value per Share
1.17
Face Value
1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
5
Cash from Investing
-4
Cash from Financing
0
1
Free Cash Flow
5
OCF / Net Profit
1.30
Cumulative 5-Year FCF
0
OCF / Net Profit
1.30
Cumulative 5-Year FCF
0
Mar 2023
-11
Cash from Investing
-6
Cash from Financing
17
1
Free Cash Flow
-15
OCF / Net Profit
-1.56
Cumulative 5-Year FCF
0
OCF / Net Profit
-1.56
Cumulative 5-Year FCF
0
Mar 2024
-5
Cash from Investing
-20
Cash from Financing
25
0
Free Cash Flow
-22
OCF / Net Profit
-0.52
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.52
Cumulative 5-Year FCF
0
Mar 2025
-69
Cash from Investing
-5
Cash from Financing
82
8
Free Cash Flow
-76
OCF / Net Profit
-5.20
Cumulative 5-Year FCF
0
OCF / Net Profit
-5.20
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022
EPS (₹)
0.16
Book Value (₹)
1.25
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.09
Operating Margin %
3.94%
Net Margin %
1.68%
ROE %
13.10%
ROCE %
20.67%
3.57%
Debtor Days
86
Inventory Days
45
Payable Days
94
38
Debt to Equity (x)
0.36x
Interest Coverage (x)
4.20x
1.29x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
0.33
Book Value (₹)
1.63
Dividend per Share (₹)
0.05
Cash EPS (₹)
0.17
Operating Margin %
5.74%
Net Margin %
3.10%
ROE %
22.69%
ROCE %
24.04%
6.52%
Debtor Days
86
Inventory Days
45
Payable Days
80
51
Debt to Equity (x)
0.78x
Interest Coverage (x)
4.95x
1.35x
Revenue Growth %
15.92%
Operating Profit Growth %
57.48%
Net Profit Growth %
99.80%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
0.29
Book Value (₹)
1.39
Dividend per Share (₹)
0.05
Cash EPS (₹)
0.23
Operating Margin %
8.14%
Net Margin %
4.34%
ROE %
23.58%
ROCE %
24.61%
6.18%
Debtor Days
121
Inventory Days
56
Payable Days
107
70
Debt to Equity (x)
1.19x
Interest Coverage (x)
2.98x
1.29x
Revenue Growth %
6.99%
Operating Profit Growth %
64.70%
Net Profit Growth %
34.25%
-10.51%
P/E (x)
45.93x
P/B (x)
14.47x
Dividend Yield %
0.25%
32.64x
Mar 2025
EPS (₹)
0.28
Book Value (₹)
1.17
Dividend per Share (₹)
0.00
Cash EPS (₹)
0.31
Operating Margin %
6.24%
Net Margin %
4.46%
ROE %
26.79%
ROCE %
18.09%
5.86%
Debtor Days
102
Inventory Days
74
Payable Days
83
94
Debt to Equity (x)
2.45x
Interest Coverage (x)
3.36x
1.25x
Revenue Growth %
43.28%
Operating Profit Growth %
31.74%
Net Profit Growth %
44.10%
-3.94%
P/E (x)
44.89x
P/B (x)
10.79x
Dividend Yield %
0.00%
26.09x

Shareholding Pattern

Numbers in percentages

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

Documents

Announcements

  • 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".

  • 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.

Credit Ratings

Nothing filed yet.

Concalls

  • Aug 2024

    TranscriptPPTREC