SINGER

Singer India financials

Market cap
₹460 Cr
Sector
Consumer Durables
Calls analysed
3
Latest concall · Q3 FY26 · call held 13 Feb 2026

SINGER Q3 FY26

Revenue ₹161 cr +53%EBITDA ₹8.7 cr +234%PBT ₹7.3 cr +265%

What went well

  • Revenue grew by 53% to ₹161 crores in Q3 FY26, and YTD revenue reached ₹391 crores, up 26% YoY.
  • Adjusted EBITDA increased by 269% to ₹9.6 crores in Q3, with YTD adjusted EBITDA growing 105% to ₹13.1 crores.
  • Adjusted PBT grew by 310% to ₹8.2 crores in Q3, and YTD adjusted PBT increased 132% to ₹10.2 crores.

What to watch

  • Appliances segment revenue declined by 7% in Q3 due to unfavorable weather conditions, blocked inventory, and muted demand.
  • Gross margins in the appliances segment contracted by 120 basis points due to an unfavorable product mix with lower sales of high-margin products.
Read the full call →

Guidance record · Q3 FY26

what the last two calls moved 5 tracked 1 delivered 0 missed 4 open
  • Revenue Growth delivered said Q1 FY26 Promised: fair, healthy or double-digit growth that should be coming to us this year and next year Q3 FY26: Achieved 53% YoY growth in Q3, 26% YTD
  • Order Execution Timeline revised up said Q1 FY26 Promised: execution of this tender is about 12 months Q3 FY26: Pulled forward to 'expect to complete it by June [2026]'
  • Industrial Sewing Machine Revenue Mix on track said Q1 FY26 Promised: 30% industrial... next, say, 2 to 3 years Q3 FY26: Industrial grew 65% in Q3, currently at 13% of Q3 mix

All 5 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 56.9%, net profit up 227.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue106 106 122 92 138 +30%161 +53%166 +37%145 +57%
EBITDA1 1 4 -4 4 +500%8 +858%7 +67%4 +196%
Net profit1 2 4 -2 4 +202%5 +257%6 +46%3 +227%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −10.9% 1Y

₹60.0₹70.0₹80.0₹90.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 13 Nov 2025Q3 FY26 — 13 Feb 2026

1Y: ₹85.65 on 10 Sept 2025 → ₹76.34. High ₹92.11 (3 Oct 2025), low ₹56.32 (20 Jan 2026).

How the price took the results

close before → close after

Q3 FY26
−4.1%
13 Feb
Q2 FY26
−1.6%
13 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 3.6% a year over 4 years, FY19 to FY26. Operating margin held at 2.7%.

Year endingFY19FY20FY24FY25FY26
Revenue₹483 Cr₹451 Cr₹425 Cr₹432 Cr₹557 Cr
Operating profit₹15 Cr₹15 Cr₹1 Cr₹6 Cr₹15 Cr
Operating margin3.1%3.2%0.3%1.3%2.7%
Interest₹1 Cr₹2 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹1 Cr₹4 Cr₹3 Cr₹2 Cr₹4 Cr
Net profit₹9 Cr₹8 Cr₹5 Cr₹7 Cr₹13 Cr
Net margin1.9%1.8%1.1%1.7%2.3%
Cash from operations₹0 Cr₹17 Cr₹1 Cr₹-25 Cr₹37 Cr
Free cash flow₹0 Cr₹16 Cr₹2 Cr₹-31 Cr₹20 Cr
ROCE21.0%18.0%4.0%7.0%11.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹11 Cr₹11 Cr₹12 Cr₹12 Cr₹12 Cr₹12 Cr
Reserves₹61 Cr₹66 Cr₹124 Cr₹132 Cr₹149 Cr₹166 Cr
Borrowings₹2 Cr₹3 Cr₹2 Cr₹2 Cr₹1 Cr₹5 Cr
Other liabilities₹97 Cr₹94 Cr₹85 Cr₹103 Cr₹87 Cr₹108 Cr
Total liabilities₹171 Cr₹174 Cr₹223 Cr₹249 Cr₹250 Cr₹292 Cr
Fixed assets₹11 Cr₹8 Cr₹9 Cr₹8 Cr₹12 Cr₹29 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹1 Cr
Investments₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr
Other assets₹158 Cr₹164 Cr₹212 Cr₹239 Cr₹236 Cr₹259 Cr
Total assets₹171 Cr₹174 Cr₹223 Cr₹249 Cr₹250 Cr₹292 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +0.29 pp while promoters trimmed −0.27 pp. The shareholder count shrank 9% to 22,462.

Promoters
30.5%
DIIs
0.0%
Government
0.8%
Public
68.7%

Since Jun 2025

  • Public +0.29 pp
  • Promoters −0.27 pp
  • DIIs 0.00 pp

How it drifted, 12 quarters

Over this window the public went from 63.9% to 68.7% — +4.8 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 31.0%, DIIs 4.3%, Government 0.8%, Public 63.9%.Dec '23: Promoters 31.0%, DIIs 3.6%, Government 0.8%, Public 64.7%.Mar '24: Promoters 31.0%, DIIs 3.2%, Government 0.8%, Public 65.1%.Jun '24: Promoters 31.0%, DIIs 2.6%, Government 0.8%, Public 65.7%.Sep '24: Promoters 31.0%, Government 0.8%, Public 68.2%.Dec '24: Promoters 30.8%, DIIs 0.0%, Government 0.8%, Public 68.5%.Mar '25: Promoters 30.8%, DIIs 0.0%, Government 0.8%, Public 68.5%.Jun '25: Promoters 30.8%, DIIs 0.0%, Government 0.8%, Public 68.5%.Sep '25: Promoters 30.8%, DIIs 0.0%, Government 0.8%, Public 68.5%.Dec '25: Promoters 30.8%, DIIs 0.0%, Government 0.8%, Public 68.5%.Mar '26: Promoters 30.5%, DIIs 0.0%, Government 0.8%, Public 68.7%.Jun '26: Promoters 30.5%, DIIs 0.0%, Government 0.8%, Public 68.7%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Singer India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Retail Holdings (India) B. V. 30.49%unchanged
Rekha Jhunjhunwala - 2 6.83%unchanged
Pga Securities Private Limited 5.04%unchanged
Gauri Tandon . 2.18%unchanged
Farah Malik Bhanji 2.11%unchanged
Vashulinga Finance Pvt Ltd 1.44%unchanged
Pivotal Business Managers Llp 1.21%unchanged
Tanvi Jignesh Mehta 1.20%unchanged
Siddharath Bindra 1.17%newly disclosed
Veena Kumari Tandon 1.13%unchanged
Meena Bindra . —off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹76, this stock must grow earnings at 30% every year for 7 years. Our analysis caps realistic growth at ~67%. At that growth it is worth ₹384 — upside of 403%.

Growth the price implies
30.5% a year
for 7 years, fading to 4%
It has actually compounded at
68.4% a year
net profit, FY24–FY26 · EPS 66.8%
The gap
-0.4 pp
403% downside if it only repeats history
Price today ₹76.34 Value at the reference growth ₹384.2 Cyclical — a peak-earnings base overstates value

Change the assumptions yourself →

All earnings calls (3)

Read the Q3 FY26 call →

Learn to analyse Singer India Limited

Guides on how to read this kind of business and the numbers that matter.