Swiss Military Consumer Goods (SWISSMLTRY) had a P/E of 42.3× on 6 Nov 2026, above the industry P/E of 17.2×, and the shares are 31% below their 52-week high. Sales and net profit grew 26% and 7.0% a year over 3 years; its ROCE of 7.6% is the second-lowest among the 7 largest Apparel Manufacturing peers. Debt is 0.12× equity, and its dividend yield is 0.8%. It is a small-cap company with a market cap of ₹299 Cr, ranked 20th of 61 Apparel Manufacturing companies by market cap; the shares fell 9.5% over the past year.
- ₹12.59
- ₹13.30
- ₹12.36
- ₹12.93
- 66.1K
Health check
- ReturnsIn line
−9.5% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 42.3 vs industry 17.2.
- GrowthStrong
Sales +25.9%, profit +7.0% a year over 3 years.
- ProfitabilityWeak
ROCE 7.6% vs peer median 20.1%.
- Balance sheetSolid
Debt 0.12× equity, interest covered 8.7×, Piotroski 6 of 9.
- Red flags5 to check
Return on equity is low at 5.7%.
Small cap
Defensive
Key metrics
- Market cap
- ₹299 Cr
- Small cap
- P/E
- 42.3
- Industry 17.2
- Price to book
- 2.19
- Peers 5.48
- Dividend yield
- 0.77%
- ROE
- 5.7%
- Peers 20.0%
- ROCE
- 7.6%
- Peers 20.1%
- Debt to equity
- 0.12
- Debt ₹16 Cr
- EPS (TTM)
- ₹0.30
- Face value ₹2
- OPM (TTM)
- 3.9%
- Net margin 2.7%
- Sales growth
- −3.4%
- Latest quarter vs a year ago
- Profit growth
- −29.4%
- Latest quarter vs a year ago
- Price to sales
- 1.15
- EV/EBITDA 22.8
Strengths and risks
Risks to check
- Return on equity is low at 5.7%.
- Quarterly profit down 29.4% on a year ago.
- Quarterly sales down 3.4% on a year ago.
- P/E of 42.3 against an industry P/E of 17.2.
- 31% below its 52-week high.
About Swiss Military Consumer Goods
Swiss Military Consumer Goods Limited manufactures, trades, and markets lifestyle products in India. The company offers luggage, travel gear and accessories, backpacks, apparels, electronics, eyewear, baggage, leather accessories, and other related products. It offers its products on brand outlets, modern trade, e-commerce marketplaces, and its direct-to-consumer platform. The company was formerly known as Network Limited. Swiss Military Consumer Goods…
- Headquarters
- New Delhi
- Employees
- 94
- Sector
- Consumer Cyclical
- ISIN
- INE010C01025
- Website
- swissmilitaryshop.com
Price range
- Avg volume (3M)
- 1.1 L
- 1-year return
- minus 9.5%
- From 52-week high
- minus 31.5%
Peers · Apparel Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAGEINDPage Industries | 35,930.00 | plus 1.15% | 40,076 | 53.0 | 26.67 | 61.5% | 52.5% | 21.4% | 3.8% | 10.2% | 2.23% | minus 11.5% |
| PGILPearl Global Industries | 1,338.80 | 0.00% | 12,368 | 39.9 | 8.46 | 20.1% | 21.2% | 9.0% | 17.5% | 23.0% | 0.54% | plus 105.8% |
| MANYAVARVedant Fashions | 472.80 | minus 6.51% | 11,488 | 29.8 | 5.48 | 22.3% | 20.0% | 44.0% | 1.9% | −4.3% | 1.64% | minus 21.6% |
| GOKEXGokaldas Exports | 682.95 | minus 7.32% | 5,004 | 37.8 | 2.32 | 8.9% | 4.7% | 8.2% | 20.9% | −16.7% | 0.00% | minus 14.5% |
| ABFRLAditya Birla Fashion and Retail | 39.02 | minus 6.61% | 4,748 | – | 0.91 | −3.2% | −12.3% | 8.9% | −13.0% | – | 0.00% | minus 50.3% |
| LUXINDLux Industries | 1,162.40 | plus 0.41% | 3,496 | 34.1 | 1.86 | 9.3% | 5.9% | 6.4% | 7.2% | −9.9% | 0.17% | minus 7.5% |
| SBCSBC Exports | 68.70 | plus 2.86% | 3,271 | 80.8 | 32.48 | 36.4% | 41.5% | 8.7% | 27.2% | 54.1% | 0.00% | plus 176.0% |
| SWISSMLTRYSwiss Military Consumer Goods | 12.68 | minus 1.93% | 299 | 42.3 | 2.19 | 7.6% | 5.7% | 3.9% | 25.9% | 7.0% | 0.77% | minus 9.5% |
| Median of 7 peers | – | 0.00% | 5,004 | 38.9 | 5.48 | 20.1% | 20.0% | 8.9% | 7.2% | 2.9% | 0.17% | −11.5% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 55.5 | 67.2 | 72.2 | 64.9 | 53.6 | |
| 52.8 | 64.1 | 69.2 | 63.3 | 51.3 | |
| 2.7 | 3.1 | 3.1 | 1.6 | 2.3 | |
| 4.8% | 4.6% | 4.2% | 2.5% | 4.3% | |
| 0.4 | 0.5 | 0.5 | 0.6 | 0.5 | |
| 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.5 | |
| – | – | −0.3 | – | – | |
| 2.6 | 3.2 | 2.8 | 1.7 | 2 | |
| 26.6% | 28.7% | 28.2% | 21.0% | 32.1% | |
| 1.9 | 2.3 | 2 | 1.4 | 1.4 | |
| 0.08 | 0.10 | 0.08 | 0.06 | 0.06 |
Profit & loss
- Sales CAGR 3Y
- +25.9%
- Profit CAGR 3Y
- +7.0%
- EPS CAGR 3Y
- +4.7%
- ROE
- 5.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 130 | 188 | 218 | 260 | |
| – | +44.6% | +16.2% | +19.0% | |
| 123 | 178 | 207 | 249 | |
| 7.2 | 9.8 | 11.3 | 10.9 | |
| 5.5% | 5.2% | 5.2% | 4.2% | |
| 0.9 | 1.6 | 1.8 | 2 | |
| – | 0 | 0.4 | 1.3 | |
| 0.2 | 0.2 | 0.4 | 0.5 | |
| – | – | −0.6 | −0.7 | |
| 7.9 | 11.2 | 11.8 | 10.3 | |
| 21.4% | 25.6% | 25.7% | 26.7% | |
| 6.2 | 8.3 | 8.8 | 7.6 | |
| – | +35.2% | +5.1% | minus 13.8% | |
| 0.28 | 0.38 | 0.40 | 0.32 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 39.3 | 39.3 | 47.2 | 47.2 | |
| 28.5 | 33.7 | 81.4 | 89.2 | |
| – | 0.2 | 17 | 15.9 | |
| 6.8 | 18.1 | 20.6 | 28.9 | |
| 74.6 | 91.3 | 166 | 181 | |
| 1.4 | 1.4 | 45 | 51.3 | |
| – | – | 7.2 | 10.7 | |
| 27.5 | 22.4 | 36.1 | 34.8 | |
| 45.8 | 67.5 | 77.9 | 84.4 | |
| 74.6 | 91.3 | 166 | 181 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −16.5 | −3 | −7 | 6.1 | |
| 0 | 0.9 | −42.6 | −5.1 | |
| 37.5 | −3 | 63.2 | −2.2 | |
| 21 | −5.1 | 13.7 | −1.2 | |
| −0.7 | −0.4 | −44 | −6.7 | |
| −17.2 | −3.4 | −51 | −0.6 | |
| – | −3.1 | −2.4 | – |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.