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About
Swaraj Suiting Ltd (SWARAJ)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544861 NSE: SWARAJ Textile | Small Cap | Swaraj Suiting Share Price
₹273.25 -14.35 (-4.99%)
As on 18-Sep'26 16:59
Swaraj Suiting Ltd (SWARAJ)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544861 NSE: SWARAJ Textile | Small Cap | Swaraj Suiting Share Price
₹273.25 -14.35 (-4.99%)
As on 18-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹722 Cr.
Current Price
₹273.3
52-Week Low / High
₹273 / 400
TTM EPS
₹20.3
TTM Sales
₹577 Cr.
Book Value per Share
₹124
P/E Ratio
13.45
Lower than its 5-year historical median
Industry PE
35.7
Price to Book (P/B)
2.20
Lower than its 5-year historical median
Price to Sales (P/S)
1.25
Higher than its 5-year historical median
EV/EBITDA
8.44
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
26.68%
Outperforms industry median
Return on Capital Employed (ROCE)
18.28%
Outperforms industry median
Return on Assets (ROA)
7.22%
Operating Profit Margin
17.6%
Net Profit Margin
8.04%
Gross Profit Margin
13.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
30.35%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
83.58%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
80.97%
Asset Quality
Promoter Holding
64.69%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹301 Cr.
Equity
₹26.4 Cr.
Face Value
₹10
All Time Low / High
₹287.60 / 399.95
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
Is Swaraj Suiting Ltd a good quality company?
Swaraj Suiting Ltd is a weak quality company, based on a inconsistent 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 Swaraj Suiting Ltd performance compare with that of its Peers?
Revenue growth of Swaraj Suiting Ltd vs industry peers?
Swaraj Suiting Ltd revenue CAGR is 38.96%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Swaraj Suiting Ltd?
Promoters hold 64.69% of the Swaraj Suiting Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Swaraj Suiting Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 34.59% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Swaraj Suiting 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'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.4% | 11.3% | 8.5% | 8.6% | 10.4% | 16.5% | 18.3% | - |
| Value Creation Index ⓘ | -0.4 | -0.2 | -0.4 | -0.4 | -0.3 | 0.2 | 0.3 | - |
Growth Parameters ⓘ |
||||||||
| Sales ⓘ | 55.9 | 58.2 | 59.9 | 129 | 219 | 320 | 417 | 577 |
| Sales YoY Gr. | - | 4.1% | 2.9% | 115.2% | 70.2% | 45.7% | 30.4% | - |
| Adj EPS ⓘ | 2.6 | 4.2 | 2.9 | 3.2 | 3.8 | 9.9 | 15.2 | 19.8 |
| YoY Gr. | - | 59.7% | -30.5% | 8.9% | 19.8% | 160.6% | 53.2% | - |
| BVPS (₹) ⓘ | 33.6 | 39.3 | 42.2 | 40.2 | 45.6 | 52.9 | 69.3 | 123.1 |
| Adj Net Profit ⓘ | 2 | 3.3 | 2.6 | 4.6 | 5.5 | 18.1 | 33.5 | 52 |
| Cash Flow from Ops. ⓘ | 13.6 | 7.2 | 5.6 | 15 | -15.3 | 44.9 | 40.9 | - |
| Debt/CF from Ops. ⓘ | 3.1 | 4.9 | 7.4 | 4.9 | -7.4 | 3.9 | 6.6 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 48.3% | 47.9% | 30.4% | ||||
| Adj EPS ⓘ | NA | 29.4% | 68.5% | 53.2% | ||||
| BVPSⓘ | NA | 12% | 19.9% | 30.9% | ||||
| Share Price | - | - | 36.9% | 57.2% | ||||
Key Financial Parameters ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.8 | 11.5 | 7.6 | 9.3 | 8.7 | 21 | 25.9 | 20.6 |
| Op. Profit Mgn % ⓘ | 21.4 | 22.5 | 16.4 | 10.4 | 10.7 | 12.4 | 17.6 | 18.8 |
| Net Profit Mgn % ⓘ | 3.7 | 5.6 | 4.4 | 3.6 | 2.5 | 5.7 | 8 | 9.1 |
| Debt to Equity ⓘ | 1.6 | 1.2 | 1.1 | 1.3 | 1.7 | 1.8 | 1.8 | - |
| Working Cap Days ⓘ | 0 | 207 | 274 | 155 | 166 | 197 | 216 | 47 |
| Cash Conv. Cycle ⓘ | 0 | 127 | 169 | 107 | 100 | 95 | 77 | 15 |
Valuation of Swaraj Suiting - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|
| Sales | 76 | 80 | 60 | 129 | 219 | 320 | 417 |
| Operating Expenses ⓘ + | 62 | 64 | 50 | 115 | 196 | 280 | 344 |
| Operating Profit ⓘ | 14 | 16 | 10 | 13 | 23 | 40 | 73 |
| Operating Profit Margin (%) | 18.9% | 20.3% | 16.4% | 10.4% | 10.7% | 12.4% | 17.5% |
| Other Income ⓘ + | 0 | 0 | 0 | 0 | 1 | 6 | 2 |
| Interest ⓘ | 4 | 5 | 3 | 3 | 9 | 13 | 19 |
| Depreciation ⓘ | 7 | 7 | 4 | 5 | 8 | 8 | 11 |
| Profit Before Tax ⓘ | 3 | 4 | 3 | 6 | 8 | 25 | 45 |
| Tax ⓘ | 1 | 1 | 1 | 2 | 2 | 6 | 11 |
| Profit After Tax | 2 | 4 | 3 | 5 | 6 | 18 | 33 |
| PAT Margin (%) | 2.9% | 4.4% | 4.4% | 3.6% | 2.5% | 5.8% | 8.0% |
| Adjusted EPS (₹) | 2.6 | 4.2 | 2.9 | 3.2 | 3.9 | 10.2 | 15.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 26 | 31 | 38 | 61 | 66 | 103 | 154 | ||||
| Debt + | 49 | 44 | 34 | 65 | 102 | 162 | 251 | ||||
| Minority Interest | 3 | 3 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Payables | 6 | 11 | 9 | 3 | 45 | 63 | 132 | ||||
| Others Liabilities ⓘ | 10 | 8 | 10 | 13 | 17 | 29 | 34 | ||||
| Total Liabilities ⓘ | 94 | 97 | 92 | 142 | 231 | 356 | 571 | ||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 52 | 45 | 36 | 37 | 81 | 77 | 262 | ||||
| CWIP ⓘ | 0 | 0 | 0 | 41 | 3 | 69 | 13 | ||||
| Investments ⓘ | 0 | 0 | 3 | 3 | 3 | 4 | 4 | ||||
| Inventories | 23 | 30 | 31 | 30 | 68 | 90 | 140 | ||||
| Trade Receivables | 13 | 14 | 13 | 14 | 57 | 66 | 101 | ||||
| Cash Equivalents | 0 | 0 | 0 | 2 | 0 | 0 | 0 | ||||
| Others Assets ⓘ | 5 | 7 | 9 | 15 | 18 | 50 | 52 | ||||
| Total Assets ⓘ | 94 | 97 | 92 | 142 | 231 | 356 | 571 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 10 | 9 | 6 | 15 | -15 | 45 | 41 |
| Cash Flow From Investing Activity ⓘ + | -13 | 1 | -6 | -47 | -17 | -99 | -127 |
| Cash Flow From Financing Activity ⓘ + | 4 | -10 | 0 | 34 | 31 | 54 | 87 |
| Net Cash Flow ⓘ | -0 | 0 | -0 | 2 | -2 | -0 | 0 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.38 | 12.48 | 7.61 | 9.5 | 8.89 | 22.61 | 26.68 | |||
| ROCE (%) | 8.6 | 11.91 | 7.77 | 8.6 | 10.41 | 16.62 | 18.28 | |||
| Asset Turnover Ratio | 0.81 | 0.84 | 0.63 | 1.1 | 1.18 | 1.09 | 0.9 | |||
| PAT to CFO Conversion(x) | 5 | 2.25 | 2 | 3 | -2.5 | 2.5 | 1.24 | |||
| Working Capital Days | ||||||||||
| Receivable Days | 62.20 | 60.50 | 81.70 | 38.60 | 58.90 | 70.20 | 73.20 | |||
| Inventory Days | 110.40 | 121.50 | 186.20 | 86.30 | 81.90 | 90.50 | 100.70 | |||
| Payable Days | 53.20 | 69.80 | 95.20 | 22 | 55.80 | 87.30 | 127.70 | |||
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Swaraj Suiting Ltd FAQs
The current trading price of Swaraj Suiting on 18-Sep-2026 16:59 is ₹273.2.
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 17-Sep-2026 the market cap of Swaraj Suiting stood at ₹721.9 Cr
The latest P/E ratio of Swaraj Suiting as of 17-Sep-2026 is 13.79.
The latest P/B ratio of Swaraj Suiting as of 17-Sep-2026 is 2.22.
The 52-week high of Swaraj Suiting is ₹399.9 and the 52-week low is ₹273.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Swaraj Suiting is ₹577 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Swaraj Suiting Ltd is a below average quality company.
The key valuation ratios of Swaraj Suiting 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 Swaraj Suiting Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Swaraj Suiting Ltd
Swaraj Suiting was set up in the year 2003 and was initially engaged in the manufacture of cotton/synthetic fabrics but later shifted to trading in synthetic fabrics in 2009 by selling off its Sulzer weaving looms to an associate concern, Swaraj Sulz Private Limited. The company re-entered into manufacturing of Cotton and Synthetic fabrics in 2011 and commenced commercial operations in January 2013. The company’s Promoters Mohammed Sabir Khan, Samar Khan and Nasir Khan have a combined experience of more than 25 years in Textile Industry and have sound knowledge of production process, marketing, finance and all kind of other commercial activities related to the textile industry.
The company’s existing manufacturing unit is located at F-483 to F-487, G1-475 to 476, RIICO Growth Centre, Hamirgarh, Bhilwara, Rajasthan - 311025 which is also its Registered Office. In this unit, it has installed 123 Airjet looms which translates into 1.50 million meters of cotton & synthetic fabric per month translating into 225 Lakh Meters Per Annum (LMPA). The company has strategically planned the vertical integration of its operations to the next level of supply chain, aiming to lower production costs and increase the efficiency of the company.
In view of this, the company is in advanced stages of setting up a project in the district of Neemuch, Madhya Pradesh (MP), which is both the backward and forward integration of its existing activity. The commencement of commercial production shall be between March - April, 2022. This unit will manufacture premium quality denim fabric and tap new markets. The new manufacturing unit in MP is a denim processing plant with annual capacity of converting approximately 21.75 million metric meters of denim fabric.
Business area of the company
The company is presently, primarily engaged in the Manufacturing of Grey Fabric involving Cotton and Synthetic, Trading of Yarn, Grey fabric and Finished fabric and Weaving on Job work basis.
Key Milestones of the Company
- 2003: Incorporation of Company “Swaraj Suiting Private Limited” at Bhilwara.
- 2012: Set up Textile Manufacturing Facility at Bhilwara, Rajasthan.
- 2015: Awarded for Latest Technology by Bhilwara Textile Trade Federation.
- 2018: Registered as MSME under the Industry Classification Category of Manufacturing of Textiles.
- 2019: Crossed Turnover of Rs 50 crore.
- 2019: Company obtained ISO Certification.
- 2020: The Private Limited got converted into Public Limited and name changed to Swaraj Suiting Limited.
- 2021: Started setting up new Manufacturing Facility at Neemuch, Madhya Pradesh for manufacturing of Finished Fabric (Denim Fabric).
- 2021: Registration cum Membership by The Synthetic & Rayon Textiles Export Promotion Council.
- 2021: Company achieved the highest Turnover of Amount Rs 100 crore within 9 months i.e as on December 2022 during the year 2021-22.
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