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Sarup Industries Ltd (514412)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514412 NSE: Footwear | Small Cap | Sarup Industries Share Price

₹114.45 0.00 (0.00%)

As on 03-Jun'26 16:59

Sarup Industries Ltd (514412)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514412 NSE: Footwear | Small Cap | Sarup Industries Share Price

₹114.45 0.00 (0.00%)

As on 03-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹37 Cr.
Current Price
₹114.5
52-Week Low / High
₹82 / 208
TTM EPS
₹1.8
TTM Sales
₹16.1 Cr.
Book Value per Share
₹-7.5
P/E Ratio
65.53
Industry PE
50.9
Price to Book (P/B)
-15.24
Lower than its 5-year historical median
Price to Sales (P/S)
2.31
Higher than its 5-year historical median
EV/EBITDA
36.93
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
17.25%
Outperforms industry median
Return on Assets (ROA)
7.30%
Operating Profit Margin
14.2%
Net Profit Margin
29.98%
Gross Profit Margin
32%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
38.03%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
94.02%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
74.36%
Pledged shares (%) of Promoter's holding (%)
28.94%
Reserves
₹-6 Cr.
Equity
₹3.3 Cr.
Face Value
₹10
All Time Low / High
₹12.25 / 208.00

Sarup Industries stock performance

Key Ratios
mw4me loader

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Sarup Industries Ltd a good quality company?
Sarup Industries Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Sarup Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sarup Industries Ltd vs industry peers?
Sarup Industries Ltd revenue CAGR is -5.42%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Sarup Industries Ltd?
Promoters hold 74.36% of the Sarup Industries Ltd, with 28.94% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Sarup Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.9% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sarup Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -0.9%4.8%-1.5%-13.3%-6.1%-3.3%0.1%-0.4%1.4%17.3%-
Value Creation
Index
-1.1-0.7-1.1-2.0-1.4NANANANA0.2-

Growth Parameters

Sales 48.948.241.219.921.11012.29.111.61616
Sales YoY Gr.--1.5%-14.5%-51.8%6.2%-52.8%22.2%-25%26.6%38%-
Adj EPS -71.5-11-28.3-17.1-13.4-6.7-7.7-5.25.81.8
YoY Gr.-NA-834.7%NANANANANANANA-
BVPS (₹) 68.66958.430.310-3.3-10-17.7-23.9-9.3-7.5
Adj Net
Profit
-2.30.5-3.6-9.2-5.6-4.4-2.2-2.5-1.71.91
Cash Flow from Ops. -1.71.44.65.1-2.7-1.25.51.716.7-2.3-
Debt/CF from Ops. -17.624.38.27.6-14.4-36.77.223.92.6-16.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -11.7%-5.4%9.5%38%
Adj EPS NANANANA
BVPS-180.1%-198.4%NANA
Share Price 7.4% 46.4% 61.8% 22.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-9.72.2-17.3-63.8-84.6-400.199.855.525.2-35.1-20.9
Op. Profit
Mgn %
2.76-0.6-29.5-7.6-4.26.51.310.214.29.3
Net Profit
Mgn %
-4.61-8.7-46.3-26.3-43.7-17.8-27.3-14.711.83.5
Debt to
Equity
1.41.62411.7-38.7-12-6.9-5.5-12.2-
Working Cap
Days
3413513938447861,6271,2591,5701,5211,342604
Cash Conv.
Cycle
2852442726064901,011567783834697307

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales48.9148.1641.1919.8721.109.9712.189.1411.5715.97
Operating Expenses + 47.7345.2941.4925.7322.7410.3911.399.0210.3913.70
Manufacturing Costs3.541.591.372.070.950.630.530.421.071.99
Material Costs28.6925.5121.6613.0312.716.277.715.115.517.13
Employee Cost 13.4714.2213.628.887.062.532.472.783.133.82
Other Costs 2.043.984.841.762.020.960.680.720.680.77
Operating Profit 1.182.87-0.30-5.86-1.64-0.420.790.121.172.27
Operating Profit Margin (%) 2.4%6.0%-0.7%-29.5%-7.8%-4.2%6.5%1.3%10.1%14.2%
Other Income + 0.161.461.340.420.150.070.130.560.044.19
Exceptional Items 0000000000
Interest 2.132.062.432.612.842.962.162.262.061.36
Depreciation 1.751.731.901.611.261.030.870.820.740.51
Profit Before Tax -2.530.54-3.28-9.66-5.59-4.33-2.12-2.41-1.594.59
Tax -0.1800-0.51-0.040.020.050.090.12-0.20
Profit After Tax -2.360.54-3.28-9.15-5.55-4.35-2.17-2.50-1.704.79
PAT Margin (%) -4.8%1.1%-8.0%-46.0%-26.3%-43.7%-17.8%-27.3%-14.7%30.0%
Adjusted EPS (₹)-7.21.7-10.1-28.1-17.1-13.4-6.7-7.7-5.214.7
Dividend Payout Ratio (%)0%59.80%0%0%0%0%0%0%0%0%

Valuation of Sarup Industries - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 22.3222.4419.019.863.26-1.09-3.26-5.75-7.78-3.01
Share Capital 3.253.253.253.253.253.253.253.253.253.25
Reserves 19.0719.1915.756.600.01-4.34-6.51-9-11.03-6.26
Debt +30.0634.7337.6739.2438.1742.1339.0739.4742.9736.79
Long Term Debt15.4534.7337.6724.2623.9233.1930.8831.5036.3435.93
Short Term Debt14.620014.9814.258.958.197.976.640.86
Minority Interest0000000000
Trade Payables10.3210.698.0911.2113.8313.6014.1615.3615.3317
Others Liabilities 11.1510.109.7114.8316.8416.3715.6814.9414.9314.93
Total Liabilities 73.8577.9674.4775.1472.1171.0265.6664.0265.4565.71

Fixed Assets

Net Fixed Assets +15.0515.0713.3911.8610.749.749.158.337.024.66
Gross Block38.7440.4539.6239.7039.6839.73404039.4637.37
Accumulated Depreciation23.6925.3726.2227.8428.943030.8531.6732.4332.70
CWIP 10.4113.0913.0915.711616.0316.0316.0300
Investments 0.430.710.710.400.290.290.290.290.290.29
Inventories28.4128.1931.1930.9529.3329.1025.5324.4342.9444.83
Trade Receivables11.2013.4511.089.109.459.968.969.599.479.56
Cash Equivalents 0.900.510.710.690.630.530.570.380.720.76
Others Assets 7.466.944.316.425.675.385.144.975.015.61
Total Assets 73.8577.9674.4775.1472.1171.0265.6664.0265.4565.71

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1.701.434.595.13-2.65-1.155.451.6516.72-2.28
PBT -2.530.54-3.28-9.66-5.59-4.35-2.17-2.50-1.704.79
Adjustment 3.353.516.084.573.983.892.933.054.39-6.18
Changes in Working Capital -2.13-2.331.810.23-1.04-0.694.681.114.03-0.89
Tax Paid -0.39-0.2900000000
Cash Flow From Investing Activity + -9.65-4.67-0.34-2.71-1.26-0.06-0.28-0-16.234.14
Capex -9.78-4.43-0.34-2.71-1.26-0.06-0.28-0-0.034.14
Net Investments 0-0.2800000000
Others 0.130.04000000-16.200
Cash Flow From Financing Activity + 10.972.85-4.06-2.44-2.681.10-5.12-1.841.55-1.37
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 11.404.870009.27-2.310.624.84-0.02
Interest Paid -1.81-1.81-2.16-2.44-2.68-2.87-2.06-2.23-1.96-1.35
Dividend Paid -0.59000000000
Others 1.95-0.20-1.9000-5.31-0.76-0.22-1.330
Net Cash Flow -0.39-0.380.19-0.02-6.59-0.110.04-0.192.040.49

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-102.43-15.85-63.41-84.64N/AN/AN/AN/AN/A
ROCE (%)-0.874.75-1.5-13.34-6.08N/AN/AN/AN/AN/A
Asset Turnover Ratio0.710.650.580.270.290.140.180.140.180.24
PAT to CFO Conversion(x)N/A2.65N/AN/AN/AN/AN/AN/AN/A-0.48
Working Capital Days
Receivable Days87.1090.50101.30183160.40355.40283.50370.40300.70217.40
Inventory Days212.30207.90245.10563.60521.401,069.60818.40997.401,062.801,002.90
Payable Days46.60102.70158.20270.30359.50798.10657.201,054.101,015.50827.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *28.9428.9428.9428.9428.9428.94100.0028.9428.9428.94
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Sarup Industries Ltd FAQs

The current trading price of Sarup Industries on 03-Jun-2026 16:59 is ₹114.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 02-Jun-2026 the market cap of Sarup Industries stood at ₹37.22 Cr

The latest P/E ratio of Sarup Industries as of 02-Jun-2026 is 65.53.

The latest P/B ratio of Sarup Industries as of 02-Jun-2026 is -15.24.

The 52-week high of Sarup Industries is ₹208.0 and the 52-week low is ₹82.12.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sarup Industries is ₹16.09 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sarup Industries Ltd is a below average quality company.

The key valuation ratios of Sarup Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Sarup Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Sarup Industries Ltd

Sarup Tanneries was incorporated in the year 1979 and promoted by Bawa Paramjit Singh. In 2012 the company changed its name from Sarup Tanneries Ltd. to Sarup Industries Ltd.

Various products of the company are supplied to leading shoe manufacturers in Germany, Italy, England, Denmark, Canada, Singapore and Japan. Nearly 85% of the company`s production is exported. In the domestic market, it supplies shoes to Park Avenue.

The manufacturing plants of the company are located in Jalandhar, Punjab. The company has at present 13 franchise offices for retail outlets of Lotus Bawa and plans to open 100 offices in different part of the country. In line with the expansion and diversification plans, the company has tied up with MGF for setting up of a multiplex-cum-shopping mall in Ramdaspura, Jalandhar, located at a prime location in Jalandhar district.

In 2003, the shareholders have approved to delist the equity shares from Ludhiana and Delhi Stock Exchanges.

Business areas of the company:

Sarup manufactures leather shoes, soles and uppers.

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