Sarup Industries Ltd

SARUPINDUS

Watchlist

AI Mode

‌

Market Cap

₹ 49 Cr

P/E

62.01

‌

‌
‌

‌

‌
‌

Investment Checklist

How to read checklist?

Performance

MARKET LEADER

Valuation

OVERVALUED

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Bullish

Risk

LOW RISK

Investment Checklist

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

Price

PE Ratio

Price

‌

Overview

Detailed Summary

Sarup Industries Limited is a public company engaged in the leather and shoe manufacturing business, supplying to both international and domestic markets.

The company exported 85% of its shoe production to countries including Germany, Italy, and Japan, highlighting its strong international presence.

Sarup Industries invested in a tannery unit to process raw hides into finished leather, enhancing quality control and delivery efficiency.

The company relaunched its 'Lotus Bawa' leather shoes in 2018, marking a significant brand revival.

Sector

Leather

Industry

Leather / Synthetic Footware - Medium / Small

Market Cap

49 Cr

Volatility

Low Risk

P/E Ratio

62.0

Industry P/E

25.6

PEG Ratio

0.2

P/B Ratio

—

52W High

184.90

52W Low

62.99

Sales CAGR

38.03%

9.45%

-5.42%

10Y

-11.77%

Profit CAGR

381.76%

—

10Y

—

ROE

TTM

-28.25%

-3.55%

28.41%

10Y

-45.67%

ROCE

TTM

4.46%

6.65%

3.07%

10Y

-1.02%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
AKI	7.19	76 Cr	30.79	0.76	0.00	2.43	4.49	1.10
SUPTANERY	6.69	74 Cr	9.59	0.69	0.73	7.16	8.28	2.79
SARUPINDUS	148.50	49 Cr	62.01	0.00	0.00	-28.25	4.46	1.21
AMINTAN	1.78	20 Cr	60.67	1.51	0.00	2.36	5.05	0.49
NBFOOT	7.72	10 Cr	—	0.00	0.00	13.76	145.35	0.00
MAYUR	19.60	9 Cr	18.08	3.31	0.00	22.99	5.17	5.61
EUROLED	20.40	9 Cr	30.81	0.58	0.00	1.96	6.13	0.71

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1.30	1.63	4.83	3.84	3.60	2.84	4.68	4.87	3.93	4.28
Expenses	1.58	1.83	4.15	2.93	2.96	2.26	4.20	4.28	3.40	3.77
Operating Profit	-0.28	-0.20	0.68	0.91	0.64	0.58	0.48	0.59	0.53	0.51
OPM %	-21.54	-12.27	14.08	23.70	17.78	20.42	10.26	12.11	13.49	11.92
Other Income	0.00	0.00	0.00	0.01	0.00	4.14	0.00	0.02	0.00	0.00
Interest	0.65	0.47	0.45	0.52	0.46	0.40	0.25	0.25	0.26	0.26
Depreciation	0.21	0.19	0.19	0.17	0.13	0.14	0.11	0.14	0.15	0.12
Profit Before Tax	-1.13	-0.86	0.04	0.23	0.05	4.19	0.13	0.23	0.12	0.13
Tax %	0.00	0.00	0.00	52.17	0.00	0.00	0.00	-86.96	0.00	0.00
Net Profit	-1.13	-0.86	0.04	0.11	0.05	4.19	0.13	0.43	0.12	0.13
EPS in Rs	-3.48	-2.65	0.13	0.33	0.16	12.87	0.39	1.31	0.36	0.39

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	50	44	20	21	9.97	12	9.14	12	16	16
Expenses	47	45	26	23	10	11	9.02	10	14	14
Operating Profit	2.87	-0.30	-5.86	-1.64	-0.42	0.79	0.12	1.17	2.27	2.18
OPM %	5.78	-0.68	-29.12	-7.77	-4.22	6.46	1.29	10.15	14.21	13.36
Other Income	1.46	1.34	0.42	0.15	0.07	0.13	0.56	0.04	4.19	NaN
Interest	2.06	2.43	2.61	2.84	2.96	2.16	2.26	2.06	1.36	1.16
Depreciation	1.73	1.90	1.61	1.26	1.03	0.87	0.82	0.74	0.51	0.54
Profit Before Tax	0.54	-3.28	-9.66	-5.59	-4.33	-2.12	-2.41	-1.59	4.59	4.67
Tax %	0.00	4.63	5.31	0.69	-0.52	-2.48	-3.58	-7.45	-4.30	-4.28
Net Profit	0.54	-3.13	-9.15	-5.55	-4.35	-2.17	-2.50	-1.70	4.79	4.87
EPS in Rs	1.67	-8.63	-29.71	-17.07	-13.36	-6.66	-7.41	-5.67	14.73	2.45
Dividend Payout %	59.82	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.25	3.25	3.25	3.25	3.25	3.25	3.25	3.25	3.25	3.25
Reserves	19	19	16	6.60	0.01	-4.34	-6.51	-9.00	-11	-6.26
Borrowings	30	35	38	39	38	42	39	39	43	37
Other Liabilities	22	21	18	26	31	30	30	30	30	32
Total Liabilities	74	78	74	75	72	71	66	64	65	66
Fixed Assets	15	15	13	12	11	9.74	9.15	8.33	7.02	4.66
CWIP	10	13	13	16	16	16	16	16	0.00	0.00
Investments	0.43	0.71	0.71	0.40	0.29	0.29	0.29	0.29	0.29	0.29
Other Assets	48	49	47	47	45	45	40	39	58	61
Total Assets	74	78	74	75	72	71	66	64	65	66

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-1.70	1.43	4.59	5.13	-2.65	-1.15	5.45	1.65	15	-2.28
Cash from Investing Activity	-9.65	-4.67	-0.34	-2.71	-1.26	-0.06	-0.28	-0.00	-16	4.14
Cash from Financing Activity	11	2.85	-4.06	-2.44	-2.68	1.10	-5.12	-1.84	1.55	-1.37
Net Cash Flow	-0.39	-0.38	0.19	-0.02	-6.59	-0.11	0.04	-0.19	0.33	0.49

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	74.36%	74.36%	74.36%	74.36%	74.36%	74.36%	74.36%	74.36%	74.36%	74.36%	74.36%	74.36%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.00%	0.00%	0.00%	0.00%
Public	25.54%	25.54%	25.54%	25.54%	25.54%	25.54%	25.54%	25.54%	25.64%	25.64%	25.64%	25.64%
Total Shareholders	1,653	1,646	1,647	1,629	1,607	1,592	1,575	1,557	1,546	1,549	1,546	1,549

Projection

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Sorry, no results found!

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

AI Mode

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1.30	1.63	4.83	3.84	3.60	2.84	4.68	4.87	3.93	4.28
Expenses	1.58	1.83	4.15	2.93	2.96	2.26	4.20	4.28	3.40	3.77
Operating Profit	-0.28	-0.20	0.68	0.91	0.64	0.58	0.48	0.59	0.53	0.51
OPM %	-21.54	-12.27	14.08	23.70	17.78	20.42	10.26	12.11	13.49	11.92
Other Income	0.00	0.00	0.00	0.01	0.00	4.14	0.00	0.02	0.00	0.00
Interest	0.65	0.47	0.45	0.52	0.46	0.40	0.25	0.25	0.26	0.26
Depreciation	0.21	0.19	0.19	0.17	0.13	0.14	0.11	0.14	0.15	0.12
Profit Before Tax	-1.13	-0.86	0.04	0.23	0.05	4.19	0.13	0.23	0.12	0.13
Tax %	0.00	0.00	0.00	52.17	0.00	0.00	0.00	-86.96	0.00	0.00
Net Profit	-1.13	-0.86	0.04	0.11	0.05	4.19	0.13	0.43	0.12	0.13
EPS in Rs	-3.48	-2.65	0.13	0.33	0.16	12.87	0.39	1.31	0.36	0.39

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	50	44	20	21	9.97	12	9.14	12	16	16
Expenses	47	45	26	23	10	11	9.02	10	14	14
Operating Profit	2.87	-0.30	-5.86	-1.64	-0.42	0.79	0.12	1.17	2.27	2.18
OPM %	5.78	-0.68	-29.12	-7.77	-4.22	6.46	1.29	10.15	14.21	13.36
Other Income	1.46	1.34	0.42	0.15	0.07	0.13	0.56	0.04	4.19	NaN
Interest	2.06	2.43	2.61	2.84	2.96	2.16	2.26	2.06	1.36	1.16
Depreciation	1.73	1.90	1.61	1.26	1.03	0.87	0.82	0.74	0.51	0.54
Profit Before Tax	0.54	-3.28	-9.66	-5.59	-4.33	-2.12	-2.41	-1.59	4.59	4.67
Tax %	0.00	4.63	5.31	0.69	-0.52	-2.48	-3.58	-7.45	-4.30	-4.28
Net Profit	0.54	-3.13	-9.15	-5.55	-4.35	-2.17	-2.50	-1.70	4.79	4.87
EPS in Rs	1.67	-8.63	-29.71	-17.07	-13.36	-6.66	-7.41	-5.67	14.73	2.45
Dividend Payout %	59.82	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3.25	3.25	3.25	3.25	3.25	3.25	3.25	3.25	3.25	3.25
Reserves	19	19	16	6.60	0.01	-4.34	-6.51	-9.00	-11	-6.26
Borrowings	30	35	38	39	38	42	39	39	43	37
Other Liabilities	22	21	18	26	31	30	30	30	30	32
Total Liabilities	74	78	74	75	72	71	66	64	65	66
Fixed Assets	15	15	13	12	11	9.74	9.15	8.33	7.02	4.66
CWIP	10	13	13	16	16	16	16	16	0.00	0.00
Investments	0.43	0.71	0.71	0.40	0.29	0.29	0.29	0.29	0.29	0.29
Other Assets	48	49	47	47	45	45	40	39	58	61
Total Assets	74	78	74	75	72	71	66	64	65	66

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-1.70	1.43	4.59	5.13	-2.65	-1.15	5.45	1.65	15	-2.28
Cash from Investing Activity	-9.65	-4.67	-0.34	-2.71	-1.26	-0.06	-0.28	-0.00	-16	4.14
Cash from Financing Activity	11	2.85	-4.06	-2.44	-2.68	1.10	-5.12	-1.84	1.55	-1.37
Net Cash Flow	-0.39	-0.38	0.19	-0.02	-6.59	-0.11	0.04	-0.19	0.33	0.49

Oscillators

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
AKI	7.19	76 Cr	30.79	0.76	0.00	2.43	4.49	1.10
SUPTANERY	6.69	74 Cr	9.59	0.69	0.73	7.16	8.28	2.79
SARUPINDUS	148.50	49 Cr	62.01	0.00	0.00	-28.25	4.46	1.21
AMINTAN	1.78	20 Cr	60.67	1.51	0.00	2.36	5.05	0.49
NBFOOT	7.72	10 Cr	—	0.00	0.00	13.76	145.35	0.00
MAYUR	19.60	9 Cr	18.08	3.31	0.00	22.99	5.17	5.61
EUROLED	20.40	9 Cr	30.81	0.58	0.00	1.96	6.13	0.71

Overview

Detailed Summary

Sarup Industries Limited is a public company engaged in the leather and shoe manufacturing business, supplying to both international and domestic markets.

The company exported 85% of its shoe production to countries including Germany, Italy, and Japan, highlighting its strong international presence.

Sarup Industries invested in a tannery unit to process raw hides into finished leather, enhancing quality control and delivery efficiency.

The company relaunched its 'Lotus Bawa' leather shoes in 2018, marking a significant brand revival.

Sector

Leather

Industry

Leather / Synthetic Footware - Medium / Small

Market Cap

49 Cr

Volatility

Low Risk

P/E Ratio

62.0

Industry P/E

25.6

PEG Ratio

0.2

P/B Ratio

—

52W High

184.90

52W Low

62.99

Sales CAGR

38.03%

9.45%

-5.42%

10Y

-11.77%

Profit CAGR

381.76%

—

10Y

—

ROE

TTM

-28.25%

-3.55%

28.41%

10Y

-45.67%

ROCE

TTM

4.46%

6.65%

3.07%

10Y

-1.02%