SPORTKING
Sportking India share price & financials
- Price
- ₹183.07
- Market cap
- ₹2.7k Cr
- Sector
- Textiles
- Calls analysed
- 6
Sportking India Limited Q1 FY27
What went well
- EBITDA margin at 18.8% for Q1 FY27, reflecting significant profitability improvement.
- Spreads increased to INR133/kg from INR107/kg last quarter, driven by better yarn realizations and strong export demand.
- Odisha greenfield expansion project on schedule, with first phase production expected in Q3 FY27 and 90% capacity utilization by March end.
What to watch
- The impact of cotton import duty remains a watch item, though management is in talks with the government for a favorable solution.
- The full impact of the Marvel Dyers and Sobhagia Sales acquisitions is taking longer than envisaged, now expected from next financial year.
What Sportking India Limited does
Sportking India manufactures cotton, polyester-cotton blended, and acrylic yarns for global apparel and textile customers, operating three manufacturing units — two spinning facilities and a dye house — in Ludhiana and Bathinda, Punjab. Its product range spans five yarn categories, including fancy (Jaspe/slub/snow) and dyed yarns, sold domestically and exported to global markets as a government-recognised Four Star Export House. The company is building a new greenfield spinning facility in Odisha and has proposed acquisitions in fabric dyeing/processing and readymade-garment manufacturing to integrate forward along the textile value chain.
Segments
- Yarn Manufacturing
- Installed spinning capacity
- ~3.79 lakh spindles (66,480 in Unit I + 3,12,672 in Unit III) across Ludhiana and Bathinda units
- Manufacturing units
- 3 (two spinning units + one dye house) in Ludhiana and Bathinda, Punjab
- Dye house processing capacity
- 15-20 MTPD
- Export market presence
- 39 countries
- Export recognition
- Four Star Export House (recognised by Ministry of Commerce & Industry, since FY24)
- Product range
- 5 yarn categories — 100% cotton, polyester/cotton blends, fancy (Jaspe/slub/snow), dyed, and acrylic/acrylic-polyester blended yarns
Guidance record · Q1 FY27
what the last two calls moved 16 tracked 5 delivered 1 missed 10 open- Solar Power Commissioning delivered said Q2 FY26 Promised: Expect to start getting 40-megawatt power from 1st March 2026 onwards. Q1 FY27: Successfully commissioned. Operational for the last 10 days of the quarter (June 2026).
- EBITDA Margin Expansion diluted said Q1 FY26 Promised: Improving the overall EBITDA of our company by at least 200 to 300 basis points post-Odisha capex. Q1 FY27: Expect margins from the new plant to be at least 300 to 400 basis points higher than old plants.
- Debt Repayment went quiet said Q4 FY25 Promised: Expect to pay off around INR 70-80 crores of loans in FY26. Q4 FY26: No final update provided on the total debt repaid in FY26.
All 16 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 20.1%, net profit up 123.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 652 | 610 | 629 | 586 | 627 −4% | 646 +6% | 637 +1% | 704 +20% |
| EBITDA | 63 | 59 | 74 | 69 | 65 +3% | 66 +12% | 85 +15% | 132 +91% |
| Net profit | 30 | 18 | 35 | 34 | 28 −7% | 25 +39% | 33 −6% | 76 +124% |
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 +93.9% 1Y
1Y: ₹110.78 on 10 Sept 2025 → ₹214.77. High ₹230.6 (3 Sept 2026), low ₹79.69 (21 Jan 2026).
How the price took the results
close before → close after
- Q1 FY27
- +14.1%
- 3 Aug
- Q4 FY26
- −2.6%
- 19 May
- Q3 FY26
- +11.3%
- 9 Feb
- Q2 FY26
- −0.4%
- 12 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 4.2% a year over 3 years, FY23 to FY26. Operating margin narrowed to 11.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹2.2k Cr | ₹2.4k Cr | ₹2.5k Cr | ₹2.5k Cr |
| Operating profit | ₹279 Cr | ₹206 Cr | ₹270 Cr | ₹285 Cr |
| Operating margin | 12.7% | 8.7% | 10.7% | 11.4% |
| Interest | ₹23 Cr | ₹59 Cr | ₹50 Cr | ₹45 Cr |
| Depreciation | ₹48 Cr | ₹86 Cr | ₹90 Cr | ₹95 Cr |
| Net profit | ₹132 Cr | ₹71 Cr | ₹115 Cr | ₹120 Cr |
| Net margin | 6.0% | 3.0% | 4.6% | 4.8% |
| Cash from operations | ₹520 Cr | ₹-236 Cr | ₹415 Cr | ₹292 Cr |
| Free cash flow | ₹156 Cr | ₹-340 Cr | ₹347 Cr | ₹258 Cr |
| ROCE | 18.0% | 10.0% | 12.0% | 13.0% |
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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr |
| Reserves | ₹353 Cr | ₹677 Cr | ₹809 Cr | ₹812 Cr | ₹1.0k Cr | ₹1.0k Cr |
| Borrowings | ₹504 Cr | ₹615 Cr | ₹552 Cr | ₹953 Cr | ₹512 Cr | ₹549 Cr |
| Other liabilities | ₹171 Cr | ₹249 Cr | ₹201 Cr | ₹185 Cr | ₹237 Cr | ₹157 Cr |
| Total liabilities | ₹1.0k Cr | ₹1.6k Cr | ₹1.6k Cr | ₹2.0k Cr | ₹1.8k Cr | ₹1.7k Cr |
| Fixed assets | ₹417 Cr | ₹382 Cr | ₹757 Cr | ₹786 Cr | ₹721 Cr | ₹729 Cr |
| Capital work in progress | ₹0 Cr | ₹73 Cr | ₹7 Cr | ₹0 Cr | ₹0 Cr | ₹15 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹14 Cr |
| Other assets | ₹615 Cr | ₹1.1k Cr | ₹811 Cr | ₹1.2k Cr | ₹1.1k Cr | ₹986 Cr |
| Total assets | ₹1.0k Cr | ₹1.6k Cr | ₹1.6k Cr | ₹2.0k Cr | ₹1.8k Cr | ₹1.7k 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.
All earnings calls (6)
Read the Q1 FY27 call →Learn to analyse Sportking India Limited
Guides on how to read this kind of business and the numbers that matter.