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Sarla Performance Fibers Ltd (SARLAPOLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526885 NSE: SARLAPOLY Textile - Manmade Fibres | Small Cap | Sarla Perform. Fiber Share Price

₹103.53 0.08 (0.08%)

As on 03-Jul'26 16:59

Sarla Performance Fibers Ltd (SARLAPOLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526885 NSE: SARLAPOLY Textile - Manmade Fibres | Small Cap | Sarla Perform. Fiber Share Price

₹103.53 0.08 (0.08%)

As on 03-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹823 Cr.
Current Price
₹103.5
52-Week Low / High
₹65 / 128
TTM EPS
₹3.3
TTM Sales
₹396 Cr.
Book Value per Share
₹57.6
P/E Ratio
31.36
Higher than its 5-year historical median
Industry PE
24.2
Price to Book (P/B)
1.80
Higher than its 5-year historical median
Price to Sales (P/S)
2.08
Higher than its 5-year historical median
EV/EBITDA
8.66
Higher than its 5-year historical median
Dividend Yield
1.93%
Profitability Efficiency
Return on Equity (ROE)
5.15%
Outperforms industry median
Return on Capital Employed (ROCE)
4.81%
Underperforms industry median
Return on Assets (ROA)
3.31%
Operating Profit Margin
20.4%
Net Profit Margin
6.62%
Gross Profit Margin
27%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-6.45%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-28.11%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-47.33%
Asset Quality
Promoter Holding
57.11%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹450 Cr.
Equity
₹8 Cr.
Face Value
₹1
All Time Low / High
₹0.08 / 132.35

Sarla Performance Fibers stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Sarla Performance Fibers Ltd a good quality company?
Sarla Performance Fibers Ltd is a average quality company, based on a somewhat consistent 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 Sarla Performance Fibers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Sarla Performance Fibers Ltd vs industry peers?
Sarla Performance Fibers Ltd revenue CAGR is 7.27%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Sarla Performance Fibers Ltd?
Promoters hold 57.11% of the Sarla Performance Fibers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Sarla Performance Fibers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.7% 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.
Sarla Performance Fibers Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 15.9%16.4%11.5%9.6%4.9%14%8.2%9.9%12.1%4.8%-
Value Creation
Index
0.10.2-0.2-0.3-0.7-0-0.4-0.3-0.1-0.7-

Growth Parameters

Sales 263272316298251429387382424396396
Sales YoY Gr.-3.7%16.2%-5.7%-15.7%70.6%-9.8%-1.1%10.9%-6.5%-
Adj EPS 4.34341.55.93.64.25.66.63.3
YoY Gr.--7.3%-24%33.9%-62.8%294%-39.4%16.5%34.3%17.1%-
BVPS (₹) 31.935.538.542.243.850.151.656.162.160.157.6
Adj Net
Profit
35.733.125.133.712.549.329.934.846.854.826
Cash Flow from Ops. 64.933.612.439.343.33910631.864.481-
Debt/CF from Ops. 2.13.312.34.33.43.414.22.62.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 4.7%9.5%0.8%-6.5%
Adj EPS 4.9%34.3%22.4%17.1%
BVPS7.3%6.5%5.2%-3.2%
Share Price 4.6% 19.5% 29.9% -13%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
14.511.88.1103.512.67.17.79.510.85.6
Op. Profit
Mgn %
21.919.814.915.821.818.915.715.419.820.413.6
Net Profit
Mgn %
13.612.27.911.3511.57.79.11113.86.6
Debt to
Equity
0.50.40.50.50.40.30.20.30.30.40.1
Working Cap
Days
246280284284298196200176175203126
Cash Conv.
Cycle
12312712213817211512210610912922

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales263272316298251429387382424396
Operating Expenses + 205218269251196348330323342337
Manufacturing Costs50506169618371778481
Material Costs126138173139103209202200191166
Employee Cost 9101213111616182023
Other Costs 20212330213941284767
Operating Profit 57544747558156598259
Operating Profit Margin (%) 21.9%19.8%14.8%15.8%21.8%18.8%14.6%15.4%19.4%14.9%
Other Income + 1726181813129202457
Exceptional Items 0000-24000-4-54
Interest 678117457119
Depreciation 12131418181921232429
Profit Before Tax 56594237187140496624
Tax 1619132518111216-2
Profit After Tax 40403035135329375026
PAT Margin (%) 15.1%14.8%9.3%11.6%5.2%12.3%7.5%9.7%11.8%6.6%
Adjusted EPS (₹)4.84.83.54.11.66.33.54.56.03.1
Dividend Payout Ratio (%)23.10%22.80%31.10%0%0%31.70%0%0%50.30%63.60%

Valuation of Sarla Perform. Fiber - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 266297321352366419431468518502
Share Capital 8888888888
Reserves 258288313344358410423460510493
Debt +12810414513511711489133162173
Long Term Debt4639606637200231533
Short Term Debt82648569809589110147141
Minority Interest0000000000
Trade Payables10111418264232393236
Others Liabilities 84677384937460466497
Total Liabilities 488479554589602649612687777808

Fixed Assets

Net Fixed Assets +188189208219216204237223222204
Gross Block201214246276291294349357379354
Accumulated Depreciation122539577490111134157150
CWIP 031010160004
Investments 33191910278113187256343370
Inventories42423938579685718677
Trade Receivables6569909898101629194109
Cash Equivalents 694250689566141022
Others Assets 9111513863575428363141
Total Assets 488479554589602649612687777808

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 653412394339106326481
PBT 56594237187140496624
Adjustment 11-4520351328133576
Changes in Working Capital 10-9-26-8-2-2651-19-19-12
Tax Paid -11-13-8-9-7-19-12-11-18-7
Cash Flow From Investing Activity + -4818-52-34-16-25-54-56-90-79
Capex -77-5-41-21-15-26-44-9-20-11
Net Investments 0-161-40-34-73-54-82-67
Others 2939-12-8-23563812-0
Cash Flow From Financing Activity + -15-4431-4-24-20-512225-2
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 5-112029-30-30-228-017
Interest Paid -5-6-7-9-6-4-5-6-11-9
Dividend Paid -2-9-4-400-1700-11
Others -13-1822-191214-721360
Net Cash Flow 28-923-61-1-00

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)16.1314.329.5510.263.6113.456.788.2610.15.15
ROCE (%)15.9116.3911.479.564.9313.998.29.8512.064.81
Asset Turnover Ratio0.60.570.610.520.420.690.610.590.580.5
PAT to CFO Conversion(x)1.630.850.41.113.310.743.660.861.283.12
Working Capital Days
Receivable Days76.3088.2091.60114.4014284.5076.7072.4079.2093
Inventory Days61.7055.7046.7046.9068.806585.3073.4066.9074.60
Payable Days24.5027.5026.4042.8078.4059.5066.7064.5067.9075.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Sarla Performance Fibers Ltd FAQs

The current trading price of Sarla Perform. Fiber on 03-Jul-2026 16:59 is ₹103.5.

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-Jul-2026 the market cap of Sarla Perform. Fiber stood at ₹823.1 Cr

The latest P/E ratio of Sarla Perform. Fiber as of 02-Jul-2026 is 31.36.

The latest P/B ratio of Sarla Perform. Fiber as of 02-Jul-2026 is 1.80.

The 52-week high of Sarla Perform. Fiber is ₹127.9 and the 52-week low is ₹65.01.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sarla Perform. Fiber is ₹396 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Sarla Performance Fibers Ltd is a average quality company.

The key valuation ratios of Sarla Performance Fibers 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 Strong which suggest that the price of Sarla Performance Fibers Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Sarla Performance Fibers Ltd

Sarla Performance Fibers, formerly Sarla Polyester Ltd, was started by Krishna Jhunjhunwala as a 100% Export Oriented Unit (EOU) manufacturing polyester, polyamide (nylon) texturised yarns & conventional/air covered Lycra/Spandex yarns in 1995. It is amongst the leading manufacturer-exporters from India, exporting their products around the globe. 

Spinning and weaving the entire world into their company. As an export oriented company, Sarla Performance Fibers has entered the following markets:

  • Middle East – Turkey, Jordan, Dubai, Egypt, Israel, Iran.
  • Europe – Italy, Spain, Portugal, Germany, UK, Sweden, Estonia, Ireland, Greece,   Romania, Bulgaria, Poland, Lithuania
  • USA 
  • Central America – Venezuela, Mexico, Honduras
  • South America – Brazil, Argentina, Chile
  • Africa – Morocco, Kenya, Madagascar, South Africa
  • Far East – Indonesia, China
  • Neighbouring countries – Bangladesh, Srilanka. 

In order to cater the market in central America they have set up a manufacturing plant in Honduras under the name of Savitex (A joint venture)

The group Companies:

Savitex- Savitex is joint venture between Sarla Performance Fibers and its Canadian Distributors Viafil. It is a vertically integrated one-of-its-kind sewing thread operation in the world. Having its manufacturing base in central America it fulfills the recently introduced Cafta criteria.  All garment majors like Hanes, Fruit of the Loom, Gildan, Russel, Delta Apparel, etc have huge garment manufacturing facilities in this region and can avail of prompt service and delivery for all their thread needs from Savitex.

Zabatex India - Zabatex India is a joint venture between a Canadian company Zabatex Inc and the promoters of Sarla Performance Fibers which manufactures the following

  •  Knitted elastics for apparel & industrial applications
  •  Woven elastics for sportswear, lightweight industrial, and select apparel applications
  • Narrow fabrics for swim wear, apparel, & select industrial applications

Sarla Performance Fibers specializes in yarn for narrow fabrics and hence Zabatex India has practically in-house availability of this essential raw material to provide all kinds of quality narrow fabrics /elastics to garment manufacturers worldwide

Product range of the company includes:

  • Polyester Textured Yarn
  • Polyamide 6 and 66 yarn (Nylon) 
  • Polyester Sewing Thread
  • Covered Yarn
  • High Tenacity yarn
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