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Swaraj Suiting Ltd (SWARAJ)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SWARAJ Textile | Small Cap | Swaraj Suiting Share Price

BSE Share Price
Not Listed

Swaraj Suiting Ltd (SWARAJ)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: SWARAJ Textile | Small Cap | Swaraj Suiting Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹625 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹19.8
TTM Sales
₹577 Cr.
Book Value per Share
₹116
P/E Ratio
11.93
Lower than its 5-year historical median
Industry PE
36.6
Price to Book (P/B)
2.04
Lower than its 5-year historical median
Price to Sales (P/S)
1.08
Higher than its 5-year historical median
EV/EBITDA
7.63
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
26.76%
Outperforms industry median
Return on Capital Employed (ROCE)
18.28%
Outperforms industry median
Return on Assets (ROA)
7.20%
Operating Profit Margin
17.6%
Net Profit Margin
8%
Gross Profit Margin
13.4%
Growth Momentum
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
83.08%
Asset Quality
Promoter Holding
64.95%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹280 Cr.
Equity
₹26.4 Cr.
Face Value
₹10
All Time Low / High
- / -

Swaraj Suiting 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 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?
Q.1 Revenue growth of Swaraj Suiting Ltd vs industry peers?
Swaraj Suiting Ltd revenue CAGR is 48.25%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Swaraj Suiting Ltd?
Promoters hold 64.95% of the Swaraj Suiting Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Swaraj Suiting Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 92.88% 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.
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'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8.4%11.3%8.5%8.6%10.4%16.5%18.3%-
Value Creation
Index
-0.4-0.2-0.4-0.4-0.30.20.3-

Growth Parameters

Sales 55.958.259.9129219320417577
Sales YoY Gr.-4.1%2.9%115.2%70.2%45.7%30.4%-
Adj EPS 2.64.22.93.23.89.915.219.8
YoY Gr.-59.7%-30.5%8.9%19.8%160.6%53.2%-
BVPS (₹) 33.639.342.240.245.652.969.3116
Adj Net
Profit
23.32.64.65.518.133.552
Cash Flow from Ops. 13.67.25.615-15.344.940.9-
Debt/CF from Ops. 3.14.97.44.9-7.43.96.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA48.3%47.9%30.4%
Adj EPS NA29.4%68.5%53.2%
BVPSNA12%19.9%30.9%
Share Price - - 76.6% 6.6%

Key Financial Parameters

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
7.811.57.69.38.72125.921.4
Op. Profit
Mgn %
21.422.516.410.410.712.417.617.1
Net Profit
Mgn %
3.75.64.43.62.55.789.1
Debt to
Equity
1.61.21.11.31.71.81.80.6
Working Cap
Days
020727415516619721683
Cash Conv.
Cycle
0127169107100957721

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales565860129219320417
Operating Expenses + 444550115196280344
Manufacturing Costs1312711253743
Material Costs25283897155225278
Employee Cost 4436101316
Other Costs 1111657
Operating Profit 12131013234073
Operating Profit Margin (%) 21.4%22.5%16.4%10.4%10.7%12.4%17.5%
Other Income + 0000162
Exceptional Items 0000000
Interest 343391319
Depreciation 66458811
Profit Before Tax 343682445
Tax 11122611
Profit After Tax 233561833
PAT Margin (%) 3.7%5.6%4.4%3.6%2.5%5.7%8.0%
Adjusted EPS (₹)2.64.22.93.23.910.015.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%

Valuation of Swaraj Suiting - 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'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2630386066102153
Share Capital 222771822
Reserves 242936535983131
Debt +35313465102162251
Long Term Debt2420245956118189
Short Term Debt1111106464463
Minority Interest0000000
Trade Payables69934563132
Others Liabilities 971013172934
Total Liabilities 767891141230355570

Fixed Assets

Net Fixed Assets +433736378177262
Gross Block68687076127131327
Accumulated Depreciation24303439475565
CWIP 0004136913
Investments 3433333
Inventories202631306890140
Trade Receivables6613145766101
Cash Equivalents 0002000
Others Assets 46915185052
Total Assets 767891141230355570

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 147615-154541
PBT 343682445
Adjustment 9111121173830
Changes in Working Capital 2-7-9-12-38-16-28
Tax Paid -0-100-2-1-6
Cash Flow From Investing Activity + -50-6-47-17-99-127
Capex -4-0-2-47-14-70-140
Net Investments -2-010000
Others 01-4-0-3-2913
Cash Flow From Financing Activity + -8-8034315487
Net Proceeds from Shares 000501118
Net Proceeds from Borrowing -5-4435-36271
Interest Paid -3-4-3-3-9-13-19
Dividend Paid 0000000
Others 0-0-1-343-617
Net Cash Flow -00-02-2-00

Financial Ratio

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.8311.537.679.588.9622.4426.76
ROCE (%)8.3711.348.548.6310.4416.5418.28
Asset Turnover Ratio0.740.760.711.111.181.090.9
PAT to CFO Conversion(x)72.3323-2.52.51.24
Working Capital Days
Receivable Days3836.5057.8038.6058.9070.2073.20
Inventory Days128.20142.30171.9086.3081.9090.50100.70
Payable Days83.50100.8089.302255.8087.30127.70

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

Swaraj Suiting Ltd FAQs

The current trading price of Swaraj Suiting on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Swaraj Suiting stood at ₹624.7 Cr

The latest P/E ratio of Swaraj Suiting as of 31-Dec-1969 is 11.93.

The latest P/B ratio of Swaraj Suiting as of 31-Dec-1969 is 2.04.

The 52-week high of Swaraj Suiting is ₹0.00 and the 52-week low is ₹0.00.

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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