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SEL Manufacturing Company Ltd (SELMC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532886 NSE: SELMC Textile | Small Cap | SEL Manufacturing Share Price

₹29.05 -1.39 (-4.57%)

As on 05-Jun'26 09:35

SEL Manufacturing Company Ltd (SELMC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532886 NSE: SELMC Textile | Small Cap | SEL Manufacturing Share Price

₹29.05 -1.39 (-4.57%)

As on 05-Jun'26 09:35

Key Metrics
Valuation Multiples
Market Cap
₹101 Cr.
Current Price
₹29.1
52-Week Low / High
₹26 / 44
TTM EPS
₹-50.7
TTM Sales
₹15.4 Cr.
Book Value per Share
₹-113.8
P/E Ratio
0.00
Industry PE
36.6
Price to Book (P/B)
-0.27
Lower than its 5-year historical median
Price to Sales (P/S)
6.54
Higher than its 5-year historical median
EV/EBITDA
-212.15
Lower 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)
-7.46%
Underperforms industry median
Return on Assets (ROA)
-13.05%
Operating Profit Margin
-29.7%
Net Profit Margin
-397.7%
Gross Profit Margin
-241%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-91.22%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
36.00%
Reserves
₹-410 Cr.
Equity
₹33.1 Cr.
Face Value
₹10
All Time Low / High
₹0.39 / 1237.85

SEL Manufacturing Company stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is SEL Manufacturing Company Ltd a good quality company?
SEL Manufacturing Company 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 SEL Manufacturing Company Ltd performance compare with that of its Peers?
Q.1 Revenue growth of SEL Manufacturing Company Ltd vs industry peers?
SEL Manufacturing Company Ltd revenue CAGR is -35.35%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of SEL Manufacturing Company Ltd?
Promoters hold 75.00% of the SEL Manufacturing Company Ltd, with 36.00% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of SEL Manufacturing Company Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 25.2% based on the current price.

10 Year X-Ray :

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.
SEL Manufacturing Company 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -4.3%-15.7%-39.2%-5.8%-98%378.7%-7.7%-12.1%-13.6%-7.5%-
Value Creation
Index
-1.3-2.1NANANA26.1-1.6-1.9NANA-

Growth Parameters

Sales 1,9481,71398945929119042055437432.915
Sales YoY Gr.--12.1%-42.2%-53.6%-36.6%-34.6%120.7%32%-32.5%-91.2%-
Adj EPS -6.6-11.6-39.2-4.6-78648.2-40.7-61.5-62.1-48.1-50.7
YoY Gr.-NANANANANA-106.3%NANANA-
BVPS (₹) 21.86.1-61.4-68.5-145.4125.679.644.8-17-63.1-113.8
Adj Net
Profit
-217-385-1,297-154-2,5842,148-135-204-206-159-168
Cash Flow from Ops. 105344253363-9.989135.244.237.267-
Debt/CF from Ops. 40.312.124.316.9-621.31.128.821.125.314.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -36.5%-35.4%-57.2%-91.2%
Adj EPS NANANANA
BVPS-212.6%NA-192.6%NA
Share Price 25% 91.1% -40.4% -21.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-23.1-83.3141.67.272.9-97.6-39.7-99-447.3120.157.3
Op. Profit
Mgn %
13.6-26.9-26.6-6.4-21-10.5-1.4-12.9-14.7-29.7-34.5
Net Profit
Mgn %
-11.2-22.5-131.1-33.5-8881128.2-32.1-36.8-55-485.2-1087.7
Debt to
Equity
5.920.5-3-2.7-1.32.33.96.3-16.7-4.6-
Working Cap
Days
5005435283933602921318063281235
Cash Conv.
Cycle
36040934679701296523-27-49-10,199

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,9481,71398945929119042055437433
Operating Expenses + 1,6892,1941,26148935233242662642943
Manufacturing Costs3172612292552011372421337011
Material Costs1,1901,72484912564129043632821
Employee Cost 109107998068508245268
Other Costs 74101842918133131163
Operating Profit 259-481-272-30-61-142-6-71-55-10
Operating Profit Margin (%) 13.3%-28.1%-27.5%-6.5%-21.0%-74.5%-1.4%-12.9%-14.7%-29.7%
Other Income + 11090497577272020
Exceptional Items -301-227-1,325-169-2,4475,3523101542
Interest 342123831230436070
Depreciation 2851141121091081071061029594
Profit Before Tax -558-854-1,667-236-2,5415,104-131-186-193-131
Tax -156-2975550000000
Profit After Tax -402-558-2,222-236-2,5415,104-131-186-193-131
PAT Margin (%) -20.6%-32.6%-224.0%-51.4%-873.0%2,680.9%-31.3%-33.5%-51.6%-397.0%
Adjusted EPS (₹)-12.1-16.8-67.1-7.1-76.71,540.4-39.6-56.1-58.2-39.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of SEL Manufacturing - Standalone

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

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 722202-2,034-2,270-4,818416264148-56-209
Share Capital 3313313313313313333333333
Reserves 390-129-2,365-2,601-5,149383231115-90-242
Debt +3,9383,6495,3495,0084,608958995895819653
Long Term Debt2,5542,2221,9171,5851,181958992895819653
Short Term Debt1,3851,4273,4323,4233,42703000
Minority Interest0000000000
Trade Payables1701486668681324849551
Others Liabilities 2632349931,3201,73710610397198453
Total Liabilities 5,0944,2334,3744,1271,5951,4921,3851,2251,055948

Fixed Assets

Net Fixed Assets +1,8381,7561,6151,5061,3991,2811,1741,073977883
Gross Block2,9582,9902,9542,9552,9552,9362,9322,9322,9312,930
Accumulated Depreciation1,1201,2341,3391,4481,5561,6551,7581,8601,9542,047
CWIP 185163170169424242424242
Investments 23592,0212,022121110
Inventories1,391844685927233653179
Trade Receivables8991,00013643716357611
Cash Equivalents 379352127333
Others Assets 508452361322526968471310
Total Assets 5,0944,2334,3744,1271,5951,4921,3851,2251,055948

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 105344253363-1089135443767
PBT -558-854-1,667-236-2,5415,104-131-186-193-131
Adjustment 9254561,0392782,537-5,252129116124148
Changes in Working Capital -262742936320-610393811410650
Tax Paid 00-550000000
Cash Flow From Investing Activity + 21-8-1,954-174-8316152
Capex 1-32201-0-1-01541
Net Investments 250-2,01310010141
Others -42439-194-721-30
Cash Flow From Financing Activity + -137-3471,695-3433-878-43-60-52-70
Net Proceeds from Shares 00000330000
Net Proceeds from Borrowing -114-271-305-332-1-39133-28-80
Interest Paid -337-119-5-2-0-1-29-43-60-70
Dividend Paid 0000000000
Others 314422,006-104-518-4711160
Net Cash Flow -10-11-62-35-400-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-44.42-120.69N/AN/AN/A0-38.63-90.23N/AN/A
ROCE (%)-4.27-15.71N/AN/AN/A378.65-7.67-12.1N/AN/A
Asset Turnover Ratio0.370.370.230.110.10.120.290.420.330.03
PAT to CFO Conversion(x)N/AN/AN/AN/AN/A0.17N/AN/AN/AN/A
Working Capital Days
Receivable Days153.80202.40209.5070.8071.30128.1051.8020.603.309.30
Inventory Days244238.10168.3050.5054.204825.4029.1034.10145.40
Payable Days61.6033.7045.90196.40385.501,239.2074.5045.2099.801,278.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *36.0036.0036.0036.0036.0036.0036.0036.0036.0036.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

SEL Manufacturing Company Ltd FAQs

The current trading price of SEL Manufacturing on 05-Jun-2026 09:35 is ₹29.05.

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 04-Jun-2026 the market cap of SEL Manufacturing stood at ₹100.9 Cr

The latest P/E ratio of SEL Manufacturing as of 04-Jun-2026 is 0.00.

The latest P/B ratio of SEL Manufacturing as of 04-Jun-2026 is -0.27.

The 52-week high of SEL Manufacturing is ₹44.22 and the 52-week low is ₹25.65.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SEL Manufacturing is ₹15.43 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that SEL Manufacturing Company Ltd is a average quality company.

The key valuation ratios of SEL Manufacturing Company 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 Semi Strong which suggest that the price of SEL Manufacturing Company Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About SEL Manufacturing Company Ltd

SEL Manufacturing Company was incorporated as Saluja Exim Limited on May 8, 2000 under the Companies Act, 1956 and obtained certificate of commencement of business on June 2, 2000.

R S Saluja Group was established in the year 1969 for manufacturing ready-made garments for the domestic market. Over the years, the company grown to a pioneer position in exports, supplying yarn, fabrics and garments to major markets in Russia and Middle East. At present company has four state-of-the-art garmenting units, one knitting unit and complete state of the art processing house and 50000 spindles cotton yarn spinning.

It is a vertically integrated textile company, manufacturing and exporting cotton yarn, combed yarn, knitted fabrics and knitted garments with our production facilities located in Ludhiana in Punjab and Baddi in Himachal Pradesh. To cater to its target exports markets, it has opened representative offices in Russia and Dubai. Presently, majority of its production of garments is exported to Russia and UAE.

The company is operating with a consolidated capacity to manufacture 4.5 million garment pieces per annum. Its capacities in cotton and combed yarn and fabric knitting are at approximately 29,856 spindles (6,516 tons yarns per annum) and 1,950 tons of fabric knitting per annum respectively.

It manufactures and export all types of knitted garments and its main products include t-shirts, polo shirts, sweat shirts, boxer shorts, thermals, girls top etc. A part of yarn produced from its spinning units are captively consumed for the knitting operations and balance is sold in both domestic as well as overseas market. Similarly, the fabric that it knit is also used for both knitted garment manufacturing and is also sold in local market as knitted fabric.

Their strong competencies in product development, manufacturing and marketing, are complimented by their most significant advantage in textiles that they make their own yarns and fabrics to meet quality and shipment time of garments. Their wide initiatives to achieve manufacturing and supply chain excellence, close collaboration with their suppliers, and sales offices at the customer’s doorstep all guarantee fast and flexible solutions.

With decades of expertise and excellence of meeting the discerning needs of niche client’s world wide, SEL Manufacturing Company has laid out ambitious plans of product capacity augmentation to continue its proud contributions in the world of premium quality cotton - yarn, fabrics and garments. 

Product range of the company includes :

  • Yarns
  • Knitted Fabrics:
  • Auto stripe, Body dia, Pleated jersey, Dri fit fabric, Organic cottonfibre dyed, Mercerised fabric,Lycra fabrics, Enzyme washed, Resin finished,Easy care,Teflon finish, Vegetable dyed fabrics
  • Garments:
  • T-shirt, polo shirt, Thermal Suits, Tank top, Shorts, Track suit, Sweat shirt and Undergarments
  • Terry Towels:- Beach Towels - Bath Towels- Kitchen Towels- Christmas Towels - Embellished/Embroidery Towel- Specialty Towels- Terry Madeups

Different divisions of the company:

  • Yarns Division
  • Knitted Fabrics Division
  • Garments Division
  • Terry Towels Division

Milestones:

  • 2000 -Incorporation of the Company on May 8, 2000 under the name of ‘Saluja Exim Limited’
  • 2003- Change of name to ‘SEL Manufacturing Company Limited’ w.e.f. July 21, 2003 Change of name to ‘Saluja Exim Limited’ w.e.f. November 14, 2003
  • 2004 -Change of name to ‘SEL Manufacturing Company Limited’ w.e.f. February 9, 2004
  • 2004 -Conversion of our Company from ‘public company’ to ‘private company’ w.e.f. March 31,2004
  • 2005 -The Company became a partner in M/s S E Exports w.e.f April 1, 2005
  • 2005- Insertion of following clause to our main objects w.e.f November 12, 2005: - to carry on business of manufacturing and processing of and dealers in all kinds of yarns, hosiery goods, readymade garments, carpets, duries, mats, rugs, blankets and other similar articles.
  • 2006 -Amalgamation of SPPL & SFL with the Company w.e.f April 1, 2004 vide court order dated February 23, 2006.
  • 2006 -Conversion of our Company from ‘private company’ to ‘public company’ w.e.f March 16, 2006
  • 2006 -Acquisition of 100% EOU spinning unit of Saluja Cotex Private Limited w.e.f June 1, 2006
  • 2006 -Acquisition of assets & property of Mangla Cotex Limited through bidding process from official liquidator vide order dated March 23, 2006 passed by the Hon’ble High Court of Punjab & Haryana at Chandigarh.
  • 2009 - The Company has acquired a majority stake in SEL Textiles Pvt Ltd, thereby making it a subsidiary.
    The Company acquired two spinning units located at Neemrana, District Alwar, Rajasthan and Hansi, District Hisar, Haryana.
  • 2010 - Setting-up of first bio-mass based captive power generation plant at Rahon, District Nawanshahr, Punjab.
    Setting-up of second Terry Towel unit at Rahon, thereby increasing the capacity levels to 45 TPD.
  • 2011 - Setting-up of India’s largest spinning unit at a single location, located at Mehatwara, District Sehore, Madhya Pradesh.
    Acquired another Garment manufacturing unit in Ludhiana.
    Went live with one of the fastest ERP implementations in the industry.
  • 2012 - Setting-up of the second bio-mass based captive power generation plant at Rahon, District Nawanshahr, Punjab.
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