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As of 6 Nov 2026, Surat Trade and Mercantile trades at 8.3× trailing earnings, below the industry P/E of 18.4×, and the shares are 26% below their 52-week high. Sales grew 62% a year over 3 years while net profit fell 44%; its ROCE of 6.1% is the lowest among the 7 largest Capital Markets peers, though net profit is above operating profit, which points to a one-off gain. It carries very little debt. It is a small-cap company with a market cap of ₹99 Cr, ranked 84th of 219 Capital Markets companies by market cap; the shares fell 28% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹4.41
Day high
₹4.65
Day low
₹4.12
Prev. close
₹4.35
Volume
2.5 L

Health check

1 good · 1 fair · 3 to check
  • ReturnsBehind

    −27.6% over a year, better than 0 of 7 peers.

  • Price tagDistorted

    A one-off gain inflates profit, so P/E isn’t comparable right now.

  • GrowthSteady

    Sales +62.2%, profit −44.0% a year over 3 years.

  • ProfitabilityWeak

    ROCE 6.1% vs peer median 22.1%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 6 of 9.

  • Red flags2 to check

    Return on equity is low at 4.9%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Capital Markets

218 listed peers. Screen the industry

Small cap

₹99 Cr, #84 of 219 in its industry by size.

Moves with the market

Beta 0.82 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Jun 2026: sales ₹123 Cr · profit ₹12 Cr
Market cap
₹99 Cr
Small cap
P/E
8.3
Industry 18.4
Price to book
0.44
Peers 4.53
Dividend yield
0.00%
ROE
4.9%
Peers 18.9%
ROCE
6.1%
Peers 22.1%
Debt to equity
0.01
Debt ₹1.58 Cr
EPS (TTM)
₹0.54
OPM (TTM)
1.2%
Net margin 9.7%
Sales growth
+32.3%
Latest quarter vs a year ago
Profit growth
+12.0%
Latest quarter vs a year ago
Price to sales
0.80
EV/EBITDA 15.2

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly sales up 32.3% on a year ago.

Risks to check

  • Return on equity is low at 4.9%.
  • Net profit is above operating profit, so a one-off gain is likely flattering earnings.

Derived automatically from reported figures. Not a recommendation.

About Surat Trade and Mercantile

Surat Trade and Mercantile Limited engages in the commodity trading business and other commodity related activities in India. It buys and sells metal, such as gold and silver; and other products. The company was formerly known as Surat Textile Mills Limited and changed its name to Surat Trade and Mercantile Limited in September 2023. Surat Trade and Mercantile Limited was incorporated in 1945 and is based in Surat, India.

Headquarters
Surat
Employees
25
Sector
Financial Services
ISIN
INE936A01025
Website
stml.in

Price range

52 weeks

₹3.16₹6.02

Today

₹4.12₹4.65
Avg volume (3M)
62.9K
1-year return
minus 27.6%
From 52-week high
minus 25.7%

Peers · Capital Markets

Compare with peersScreen the whole industry
Company
GROWWBillionbrains Garage Ventures215.08minus 3.93%1,33,58550.313.7829.3%21.6%62.9%––0.00%plus 63.8%
MOTILALOFSMotilal Oswal Financial Services1,102.00plus 0.64%66,44825.04.2718.1%18.9%52.4%29.0%26.1%0.54%plus 11.1%
AIILAuthum Investment & Infrastructure570.05plus 0.08%48,41027.63.2915.2%13.1%74.0%44.4%−23.5%0.00%minus 0.7%
ANGELONEAngel One331.00plus 1.49%30,29026.84.5326.9%18.4%39.7%20.3%0.9%1.95%plus 29.5%
CDSLCentral Depository Services (India)1,331.40minus 0.19%27,82655.114.0329.7%26.4%51.3%27.3%18.2%0.96%minus 13.3%
CHOICEINChoice International748.20minus 0.09%16,66862.98.9017.6%15.8%35.3%42.2%53.6%0.00%minus 7.4%
IIFLCAPSIIFL Capital Services349.80plus 0.13%13,03618.83.1522.1%19.5%36.1%19.9%30.9%0.86%plus 4.1%
SURATRAMLSurat Trade and Mercantile4.47plus 2.76%998.30.446.1%4.9%1.5%62.2%−44.0%0.00%minus 27.6%
Median of 7 peers–0.08%30,29027.64.5322.1%18.9%51.3%28.2%22.2%0.54%4.1%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
37.316.711.44649.3
34.918.311.745.846
2.4−1.6−0.30.23.3
6.4%−9.9%−3.0%0.4%6.7%
7.92.73.608.2
00000
0.10.10.10.20.2
10.10.93.1−011.2
14.2%70.4%17.9%−1132.3%14.0%
8.60.32.5−0.49.7
0.390.010.11-0.020.44

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+62.2%
Profit CAGR 3Y
−44.0%
EPS CAGR 3Y
−44.1%
ROE
4.9%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
25.359.770.9108
–+135.8%+18.8%+52.4%
30.865.375.7107
−5.5−5.6−4.81.3
−21.6%−9.4%−6.8%1.2%
4.15.48.99.2
000.20.2
0.40.30.50.6
5.5145.94.3
3.713.59.314
18.8%32.7%−25.6%21.6%
62.49.111.711
–minus 85.5%+28.5%minus 5.9%
2.810.410.530.49

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
22.222.222.222.2
174183195206
0.21.81.71.6
2.34.62.13.2
199212221233
23.54.35.5
35.253.477.895.8
1038364.171.4
58.271.774.360
199212221233

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−6.2−23.2−8.717.6
−55.223.79.2−9.3
0.4−0.2−0.4−0.4
−0.10.30.18
−0.2−0−1.4−2.3
−6.4−23.2−10.115.4

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you