SUTLEJTEX

Sutlej Textiles and Industries financials

Market cap
₹643 Cr
Sector
Textiles
Calls analysed
5
Latest concall · Q4 FY26 · call held 06 May 2026

Sutlej Textiles Q4 FY26

FY26 EBITDA ₹85 cr +25%FY26 EBITDA Margin 3.3% FY26 Gross Margin 45% FY26 Total Income ₹2,585 cr −3%

What went well

  • Q4 FY26 total income of ₹699 crores, marking a 4% YoY increase, indicating a strong quarter.
  • Q4 FY26 EBITDA surged over 115% YoY to ₹37 crores, achieving a robust 5.3% margin, reflecting significant operational improvements.
  • Full-year FY26 EBITDA grew over 25% YoY to ₹85 crores, with margins expanding fourfold from 0.8% in Q1 to 5.3% in Q4.

What to watch

  • FY26 was characterized by significant macro headwinds, including the India-Pakistan situation, geopolitical tensions, U.S.-Iran developments, and global Bangladesh trade situations.
  • Raw material markets remained persistently volatile, and global apparel demand stayed soft, leading to customers running tight inventories.
Read the full call →

Guidance record · Q4 FY26

what the last two calls moved 12 tracked 0 delivered 2 missed 10 open
  • Debt-to-Equity Ratio went quiet said Q1 FY26 Promised: Maintain at comfortable level of 0.95x Q4 FY26: No specific D/E ratio provided. Management stated 'Our debt position is within our comfort zone' and guided for material improvement in debt metrics in FY27.
  • Home Textiles Revenue Share revised up said Q3 FY26 Promised: Build it to 20% of our total volume / double the business Q4 FY26: Guidance strengthened to 'at least double it or more in the coming year', backed by a strong order book and profitability turnaround. This is a more aggressive and time-bound version of the original goal.
  • UK Home Business Revenue on track said Q4 FY25 Promised: can very easily go 3x times for us in Sutlej home business in times to come Q4 FY26: Home textiles turned profitable (EBITDA ₹8.4cr vs -₹3.5cr LY) and management guides to 'at least double it or more in the coming year', aligning with the long-term 3x goal.

All 12 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 15.4%, net profit up 102.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue686 654 679 605 642 −6%636 −3%693 +2%698 +15%
EBITDA12 4 9 -4 11 −5%16 +333%29 +230%39 +1129%
Net profit-19 -26 -13 -30 -22 −17%-16 +37%-18 −44%1 +103%
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 +6.4% 1Y

₹25.0₹30.0₹35.0₹40.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 7 Nov 2025Q3 FY26 — 13 Feb 2026Q4 FY26 — 6 May 2026

1Y: ₹36.92 on 10 Sept 2025 → ₹39.27. High ₹40.89 (4 Sept 2026), low ₹24.18 (30 Mar 2026).

How the price took the results

close before → close after

Q4 FY26
+0.3%
6 May
Q3 FY26
+3.8%
13 Feb
Q2 FY26
+1.2%
7 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 fell 5.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 2.1%.

Year endingFY23FY24FY25FY26
Revenue₹3.0k Cr₹2.7k Cr₹2.7k Cr₹2.6k Cr
Operating profit₹262 Cr₹-37 Cr₹43 Cr₹53 Cr
Operating margin8.6%-1.4%1.6%2.1%
Interest₹57 Cr₹65 Cr₹63 Cr₹66 Cr
Depreciation₹126 Cr₹117 Cr₹111 Cr₹110 Cr
Net profit₹39 Cr₹-136 Cr₹-68 Cr₹-86 Cr
Net margin1.3%-5.0%-2.6%-3.4%
Cash from operations₹196 Cr₹222 Cr₹66 Cr₹72 Cr
Free cash flow₹69 Cr₹172 Cr₹6 Cr₹15 Cr
ROCE8.0%-7.0%-3.0%-2.0%
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₹16 Cr₹16 Cr₹16 Cr₹16 Cr₹16 Cr₹16 Cr
Reserves₹938 Cr₹1.1k Cr₹1.1k Cr₹945 Cr₹835 Cr₹799 Cr
Borrowings₹909 Cr₹943 Cr₹953 Cr₹846 Cr₹824 Cr₹931 Cr
Other liabilities₹275 Cr₹382 Cr₹370 Cr₹301 Cr₹290 Cr₹304 Cr
Total liabilities₹2.1k Cr₹2.4k Cr₹2.4k Cr₹2.1k Cr₹2.0k Cr₹2.0k Cr
Fixed assets₹1.2k Cr₹1.2k Cr₹1.1k Cr₹1.1k Cr₹969 Cr₹962 Cr
Capital work in progress₹42 Cr₹16 Cr₹9 Cr₹8 Cr₹10 Cr₹9 Cr
Investments₹1 Cr₹1 Cr₹1 Cr₹0 Cr₹21 Cr₹1 Cr
Other assets₹897 Cr₹1.2k Cr₹1.3k Cr₹1.0k Cr₹965 Cr₹1.1k Cr
Total assets₹2.1k Cr₹2.4k Cr₹2.4k Cr₹2.1k Cr₹2.0k Cr₹2.0k 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 +0.51 pp while FIIs trimmed −0.50 pp. The shareholder count shrank 8% to 25,667.

Promoters
64.0%
FIIs
0.9%
DIIs
0.0%
Public
35.1%

Since Jun 2025

  • Public +0.51 pp
  • FIIs −0.50 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 64.0%, FIIs 0.8%, DIIs 0.0%, Public 35.2%.Dec '23: Promoters 64.0%, FIIs 0.8%, DIIs 0.0%, Public 35.2%.Mar '24: Promoters 64.0%, FIIs 0.9%, DIIs 0.0%, Public 35.2%.Jun '24: Promoters 64.0%, FIIs 0.9%, DIIs 0.0%, Public 35.1%.Sep '24: Promoters 64.0%, FIIs 1.4%, DIIs 0.0%, Public 34.6%.Dec '24: Promoters 64.0%, FIIs 1.5%, DIIs 0.0%, Public 34.5%.Mar '25: Promoters 64.0%, FIIs 1.4%, DIIs 0.0%, Public 34.6%.Jun '25: Promoters 64.0%, FIIs 1.4%, DIIs 0.0%, Public 34.6%.Sep '25: Promoters 64.0%, FIIs 1.4%, DIIs 0.0%, Public 34.6%.Dec '25: Promoters 64.0%, FIIs 1.4%, DIIs 0.0%, Public 34.6%.Mar '26: Promoters 64.0%, FIIs 1.0%, DIIs 0.0%, Public 35.0%.Jun '26: Promoters 64.0%, FIIs 0.9%, DIIs 0.0%, Public 35.1%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

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

HolderStakeChange
Ganges Securities Limited 18.57%unchanged
Hargaon Investment & Trading Co. Ltd. 10.45%unchanged
New India Retailing And Investment Ltd 10.42%unchanged
Yashovardhan Investment &Trading Co. Ltd. 9.08%unchanged
Birla Institute Of Technology And Science 6.89%unchanged
The Hindustan Times Limited 5.98%unchanged
Ronson Traders Limited 5.94%unchanged
OSM Investment & Trading Co. Ltd. 3.90%unchanged
Champaran Marketing Co. Ltd. 1.89%unchanged
Navjeewan Medical Institute 1.74%unchanged
SCM Investment & Trading Co. Ltd. 1.12%unchanged
RTM Investment And Trading Co. Ltd. 1.12%unchanged

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.

All earnings calls (5)

Read the Q4 FY26 call →

Learn to analyse Sutlej Textiles and Industries Limited

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