On 6 Nov 2026, Swaraj Suiting was priced at ₹370.25, or 14.4× trailing earnings, against an industry P/E of 17.0×. It earns ROCE of 17% and ROE of 21%, and sales and net profit grew 38% and 109% a year over 3 years. Debt is 0.96× equity. It is a small-cap company with a market cap of ₹995 Cr, ranked 30th of 246 Textile Manufacturing companies by market cap; the shares rose 75% over the past year.
- ₹364.55
- ₹374.80
- ₹360.00
- ₹365.50
- 64.5K
Health check
- ReturnsAhead
+75.5% over a year, better than 5 of 7 peers.
- Price tagCheaper
P/E 14.4 vs industry 17.0.
- GrowthStrong
Sales +38.0%, profit +109.2% a year over 3 years.
- ProfitabilityAverage
ROCE 17.0% vs peer median 10.7%.
- Balance sheetFair
Debt 0.96× equity, interest covered 3.3×, Piotroski 5 of 9.
- Red flags1 to check
Promoter stake down from 65.0% to 62.7%.
Small cap
Defensive
Key metrics
- Market cap
- ₹995 Cr
- Small cap
- P/E
- 14.4
- Industry 17.0
- Price to book
- 2.44
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- 21.2%
- Peers 10.1%
- ROCE
- 17.0%
- Peers 10.7%
- Debt to equity
- 0.96
- Debt ₹327 Cr
- EPS (TTM)
- ₹25.80
- Face value ₹10
- OPM (TTM)
- 18.0%
- Net margin 8.9%
- Sales growth
- +138.8%
- Latest quarter vs a year ago
- Profit growth
- +100.2%
- Latest quarter vs a year ago
- Price to sales
- 1.46
- EV/EBITDA 10.4
Strengths and risks
Strengths
- Return on equity of 21.2%.
- Quarterly profit up 100.2% on a year ago.
- Quarterly sales up 138.8% on a year ago.
Risks to check
- Promoter stake down from 65.0% to 62.7%.
About Swaraj Suiting
Swaraj Suiting Limited manufacturing ecosystem spans cotton processing, spinning, weaving, yarn dyeing, denim, synthetic, and cotton fabrics. It also engages in the trade of yarn, dyes, grey, and finished fabric, as well as weaving on a job work basis. The company was incorporated in 2003 and is based in Bhilwara, India.
- Headquarters
- Bhilwara
- Employees
- 1,193
- Sector
- Consumer Cyclical
- ISIN
- INE0GMR01016
- Website
- swarajsuiting.com
Price range
- Avg volume (3M)
- 1.4 L
- 1-year return
- plus 75.5%
- From 52-week high
- minus 6.3%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 14.3 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.98% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.91% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.09% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.31% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.26% | minus 3.9% |
| SWARAJSwaraj Suiting | 370.25 | plus 1.30% | 995 | 14.4 | 2.44 | 17.0% | 21.2% | 18.0% | 38.0% | 109.2% | 0.00% | plus 75.5% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.91% | 22.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 76.8 | 127 | 165 | 207 | 183 | |
| 52.6 | 99.3 | 140 | 173 | 148 | |
| 24.2 | 28.1 | 24.8 | 34.4 | 35.5 | |
| 31.5% | 22.0% | 15.0% | 16.6% | 19.4% | |
| 0.7 | 0.7 | 1.5 | 5.7 | 2.2 | |
| 9.2 | 10.3 | 5.7 | 5.2 | 11.5 | |
| 4.3 | 6.2 | 5.6 | 6.5 | 5.5 | |
| 11.4 | 12.2 | 15 | 28.4 | 20.8 | |
| 29.2% | 27.1% | 26.8% | 14.3% | 22.0% | |
| 8.1 | 9.8 | 11 | 24.3 | 16.2 | |
| 4.08 | – | 5.04 | 10.75 | 5.96 |
Profit & loss
- Sales CAGR 3Y
- +38.0%
- Profit CAGR 3Y
- +109.2%
- EPS CAGR 3Y
- +42.0%
- ROE
- 21.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 219 | 320 | 417 | 577 | |
| – | +45.7% | +30.3% | +38.5% | |
| 195 | 275 | 342 | 463 | |
| 24 | 44.1 | 74.3 | 114 | |
| 10.9% | 13.8% | 17.8% | 19.7% | |
| −0.1 | 1.2 | −0.2 | 2.3 | |
| 8.5 | 13 | 18.4 | 28.7 | |
| 7.9 | 8 | 11.4 | 22.5 | |
| 0.1 | 0.1 | 0.1 | 2.4 | |
| 7.6 | 24.4 | 44.4 | 67.1 | |
| 27.3% | 25.4% | 25.4% | 22.0% | |
| 5.7 | 18.5 | 33.1 | 52.4 | |
| – | +223.8% | +79.2% | +58.0% | |
| 7.94 | 10.15 | 15.05 | 22.72 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.2 | 18.2 | 22 | 26.3 | |
| 59.3 | 88.8 | 132 | 314 | |
| 113 | 175 | 268 | 327 | |
| 50.7 | 74.2 | 150 | 191 | |
| 231 | 356 | 571 | 858 | |
| 83.6 | 145 | 274 | 359 | |
| 3.1 | 69.2 | 12.8 | 45.7 | |
| 3.7 | 2.6 | 3.5 | 18 | |
| 0.4 | 0.1 | 0.5 | 10.6 | |
| 140 | 139 | 280 | 425 | |
| 231 | 356 | 571 | 858 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −15.3 | 44.9 | 40.7 | −16.6 | |
| −17.2 | −99.1 | −127 | −111 | |
| 30.9 | 53.8 | 86.9 | 138 | |
| −1.7 | −0.4 | 0.3 | 10.1 | |
| −56.6 | −73.4 | −140 | −83.5 | |
| −71.9 | −28.5 | −99.6 | −100 |
Shareholding pattern
- Promoters62.72%
- Public37.28%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 62.72% | 37.28% | minus 1.97 | |
| 30 Jun 2026 | 64.69% | 35.31% | minus 0.26 | |
| 31 Mar 2026 | 64.95% | 35.05% | minus 0.06 | |
| 6 Feb 2026 | 65.01% | 34.99% | – |
Major shareholders
Filings & events
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