Sarup Industries (BSE 514412)₹104.80−0.10%Footwear
In the Mar 2026 quarter (standalone), Sarup Industries reported sales of ₹4.35 Cr, down 10.9% from Mar 2025, and net profit of ₹0.28 Cr, down 36.4% year on year. For the year to Mar 2026, sales were ₹16.11 Cr and net profit ₹0.58 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.31 | 1.64 | 4.84 | 3.85 | 3.61 | 2.85 | 4.69 | 4.88 | 3.94 | 4.29 | 3.55 | 4.35 |
| Expenses | 1.57 | 1.82 | 4.14 | 2.92 | 2.95 | 2.25 | 4.18 | 4.26 | 3.40 | 3.76 | 3.10 | 4.31 |
| Operating Profit | −0.27 | −0.19 | 0.67 | 0.90 | 0.63 | 0.57 | 0.48 | 0.59 | 0.51 | 0.50 | 0.42 | 0.03 |
| OPM % | −21.5% | −12.2% | 14.2% | 23.8% | 17.8% | 20.5% | 10.5% | 12.4% | 13.3% | 12.0% | 12.2% | 0.9% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.13 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.49 |
| Interest | 0.64 | 0.46 | 0.44 | 0.51 | 0.45 | 0.39 | 0.24 | 0.24 | 0.25 | 0.25 | 0.26 | 0.25 |
| Depreciation | 0.20 | 0.18 | 0.18 | 0.16 | 0.12 | 0.13 | 0.10 | 0.13 | 0.14 | 0.11 | 0.09 | 0.18 |
| Profit before tax | −1.15 | −0.87 | 0.05 | 0.24 | 0.06 | 4.19 | 0.14 | 0.24 | 0.12 | 0.14 | 0.07 | 0.08 |
| Tax % | 0.0% | 0.0% | 0.0% | 52.1% | 0.0% | 0.0% | 0.0% | −87.0% | 0.0% | 0.0% | 0.0% | −285.7% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | −1.14 | −0.87 | 0.05 | 0.12 | 0.06 | 4.20 | 0.14 | 0.44 | 0.13 | 0.14 | 0.06 | 0.28 |
| EPS (Rs) | −3.48 | −2.65 | 0.13 | 0.35 | 0.16 | 12.89 | 0.41 | 1.33 | 0.38 | 0.41 | 0.16 | 0.84 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 49.22 | 49.77 | 43.96 | 19.70 | 20.70 | 9.96 | 12.15 | 9.15 | 11.59 | 16.00 | 16.11 | 16.13 |
| Expenses | 47.87 | 46.76 | 44.15 | 25.51 | 22.27 | 10.36 | 11.35 | 9.02 | 10.38 | 13.68 | 14.59 | 14.57 |
| Operating Profit | 1.20 | 2.86 | −0.29 | −5.84 | −1.59 | −0.40 | 0.78 | 0.10 | 1.17 | 2.26 | 1.49 | 1.46 |
| OPM % | 2.5% | 5.8% | −0.7% | −29.8% | −7.7% | −4.1% | 6.5% | 1.2% | 10.3% | 14.3% | 9.4% | 9.1% |
| Other Income | 0.13 | 1.45 | 1.33 | 0.41 | 0.10 | 0.06 | 0.12 | 0.55 | 0.03 | 4.20 | 0.49 | 0.49 |
| Interest | 2.12 | 2.05 | 2.42 | 2.60 | 2.83 | 2.95 | 2.15 | 2.25 | 2.05 | 1.35 | 1.04 | 1.01 |
| Depreciation | 1.74 | 1.72 | 1.89 | 1.60 | 1.25 | 1.02 | 0.86 | 0.81 | 0.73 | 0.50 | 0.55 | 0.52 |
| Profit before tax | −2.54 | 0.55 | −3.30 | −9.70 | −5.61 | −4.35 | −2.12 | −2.42 | −1.59 | 4.61 | 0.38 | 0.41 |
| Tax % | −7.1% | 0.0% | −4.6% | −5.3% | −0.7% | 0.5% | 2.4% | 3.7% | 7.6% | −4.4% | −54.1% | — |
| Exceptional items | 0.00 | 0.00 | 0.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.13 | 0.00 | 0.00 |
| Net Profit | −2.37 | 0.55 | −3.14 | −9.18 | −5.57 | −4.36 | −2.18 | −2.51 | −1.71 | 4.80 | 0.58 | 0.61 |
| EPS (Rs) | −7.27 | 1.67 | −9.64 | −28.17 | −17.09 | −13.39 | −6.68 | −7.70 | −5.24 | 14.74 | 1.76 | 1.79 |
| Dividend payout % | 0.0% | 60.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 |
| Reserves | 21.48 | 19.04 | 19.15 | 15.72 | 6.59 | 0.00 | −4.33 | −6.50 | −8.98 | −11.00 | −6.25 | −5.65 |
| Borrowings | 16.62 | 30.11 | 34.80 | 37.73 | 39.32 | 38.24 | 42.20 | 39.18 | 39.53 | 43.06 | 36.85 | 37.30 |
| Other Liabilities | 22.83 | 21.72 | 20.74 | 17.80 | 25.99 | 30.67 | 29.93 | 29.77 | 30.26 | 30.13 | 31.87 | 27.59 |
| Total Liabilities | 64.17 | 74.11 | 77.93 | 74.49 | 75.14 | 72.15 | 71.04 | 65.69 | 64.05 | 65.43 | 65.71 | 62.48 |
| Fixed Assets | 17.07 | 15.01 | 15.04 | 13.36 | 11.84 | 10.72 | 9.73 | 9.13 | 8.31 | 7.01 | 4.65 | 5.01 |
| CWIP | 0.36 | 10.44 | 13.13 | 13.14 | 15.77 | 16.06 | 16.08 | 16.08 | 16.08 | 0.00 | 0.00 | 0.00 |
| Investments | 0.44 | 0.44 | 0.72 | 0.72 | 0.41 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 |
| Other Assets | 46.30 | 48.22 | 49.04 | 47.27 | 47.12 | 45.07 | 44.93 | 40.18 | 39.36 | 58.12 | 60.76 | 57.17 |
| Inventories | 29.00 | 28.49 | 28.26 | 31.25 | 31.01 | 29.40 | 29.16 | 25.57 | 24.48 | 43.05 | 44.91 | 45.42 |
| Trade receivables | 12.30 | 11.15 | 13.39 | 11.04 | 9.07 | 9.41 | 9.93 | 8.92 | 9.55 | 9.44 | 9.53 | 7.13 |
| Cash & equivalents | 1.27 | 0.89 | 0.50 | 0.70 | 0.68 | 0.62 | 0.52 | 0.56 | 0.37 | 0.71 | 0.75 | 0.37 |
| Total Assets | 64.17 | 74.11 | 77.93 | 74.49 | 75.14 | 72.15 | 71.04 | 65.69 | 64.05 | 65.43 | 65.71 | 62.48 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 5.31 | −1.71 | 1.44 | 4.60 | 5.12 | −2.64 | −1.16 | 5.44 | 1.66 | 15.02 | −2.29 | 1.13 |
| Cash from investing activity | −5.97 | −9.62 | −4.66 | −0.33 | −2.70 | −1.25 | −0.05 | −0.27 | 0.00 | −16.16 | 4.13 | −0.91 |
| Cash from financing activity | 1.18 | 11.00 | 2.86 | −4.07 | −2.45 | −2.69 | 1.11 | −5.13 | −1.85 | 1.56 | −1.38 | −0.60 |
| Net cash flow | 0.48 | −0.40 | −0.39 | 0.20 | −0.03 | −6.62 | −0.12 | 0.05 | −0.20 | 0.34 | 0.50 | −0.38 |
| Capex | 6.12 | 9.77 | 4.43 | 0.33 | 2.70 | 1.25 | 0.05 | 0.29 | 0.00 | 16.24 | 0.00 | 0.91 |
| Free cash flow | −0.78 | −11.51 | −3.01 | 4.26 | 2.43 | −3.92 | −1.22 | 5.18 | 1.66 | −1.23 | 1.87 | 0.23 |
| CFO / OP % | 93.1% | −107.9% | 60.1% | −1,529.9% | −87.9% | 166.1% | 280.1% | 690.1% | 1,500.1% | 1,272.1% | −99.9% | 76.1% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 64 | 82 | 98 | 91 | 168 | 166 | 365 | 269 | 382 | 298 | 218 | 162 |
| Inventory days | 274 | 362 | 404 | 527 | 868 | 843 | 1,695 | 1,210 | 1,746 | 2,840 | 2,296 | 2,312 |
| Days payable | 82 | 130 | 152 | 135 | 313 | 396 | 791 | 669 | 1,096 | 1,013 | 869 | 721 |
| Cash conversion cycle | 254 | 313 | 349 | 481 | 722 | 612 | 1,268 | 808 | 1,031 | 2,124 | 1,643 | 1,752 |
| Working capital days | 75 | 99 | 232 | 133 | 146 | 34 | 307 | 123 | 111 | 688 | 638 | 646 |
| ROCE % | 11.3% | −0.9% | 4.8% | −1.9% | −13.3% | −6.1% | −3.3% | 0.1% | −0.4% | 1.4% | 5.3% | 4.2% |
For the Mar 2026 quarter, Sarup Industries reported sales of ₹4.35 Cr, down 10.9% year on year and net profit of ₹0.28 Cr, down 36.4% year on year. The operating margin was 0.9%.
Sarup Industries' sales for the year to Mar 2026 were ₹16.11 Cr; over the last twelve months they were ₹16.13 Cr.
Net profit for the year to Mar 2026 was ₹0.58 Cr, and ₹0.61 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.79.
Sarup Industries reported borrowings of ₹37.30 Cr at Mar 2026, against cash and equivalents of ₹0.37 Cr.
Cash from operations was ₹1.13 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹0.23 Cr.