TickerSutra

NSE: SWARAJ · BSE: 544861 · ISIN INE0GMR01016

Swaraj Suiting Limited stock analysis

Swaraj Suiting Limited ranks #889 in the TickerSutra evidence-ranked universe with a score of 59/100 and 91% data confidence. The latest captured fundamentals show ROCE of 17.9%, quarterly sales growth of 138.8% and quarterly profit growth of 83.3%.
Complete evidence gate watch governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE59/100

Monitor only

#889 of 5,430 ranked equities
Market capitalisation₹944.07cr
ROCE17.9%
Quarterly sales growth138.8%
Quarterly profit growth83.3%
P/E ratio15.4×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • 38.1% three-year sales CAGR
  • Institutional ownership is rising
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • Debt/equity is above 0.5×
  • CFO/EBITDA is below 0.6×

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹129cr₹13cr₹5cr10.0%
2023₹219cr₹23cr₹6cr11.0%
2024₹320cr₹40cr₹18cr12.0%
2025₹417cr₹73cr₹33cr18.0%
2026₹577cr₹112cr₹54cr19.0%
TTM₹683cr₹123cr₹61cr18.0%
Debt / equity0.96×
CFO / EBITDA-0.15×
Operating margin18.0%
Free cash flow₹-97cr
Sales CAGR · 3Y38.1%
Profit CAGR · 3Y108.0%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts5 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Margin expansionHigh severity · 1 mention
Positive catalyst

The Swaraj Advantage Swaraj Suiting's integrated capability supports greater process control and consistent fabric development at every stage: Spinning · Warping · Yarn Dyeing · Weaving · Fabric Processing · Finishing Manufacturing Depth1 Through its in-house R&D capabilities, the Company continues to develop denim fabric varieties across different designs and finishes. Revenue growth has been accompanied by sustaine

Backward integrationModerate severity · 8 mentions
Positive catalyst

SWARAJ SUITING LTD Annual Report 2025 - 26 7 EBITDA margin improved to 19.3% and net profit margin increased to 9.1%, supported by improved operational efficiencies, better product mix and strategic cotton procurement. Moving Up the Value Curve The Company's focus on moving up the value curve is reflected in its continued investments towards backward integration and higher-value manufacturing capabilities. The additi

Niche productsModerate severity · 3 mentions
Positive catalyst

Advancing into High-Performance Materials A significant area of opportunity is the Company's planned expansion into advanced material manufacturing and high-performance yarn solutions. These specialised products are designed for performance-driven applications across sectors such as defence, infrastructure, oil & gas, industrial applications and agriculture. This strategic direction enables Swaraj Suiting Limited to

Export market updatesModerate severity · 3 mentions
Constructive

• Ramp-up and higher utilisation of recently commissioned spinning and cotton- processing capacities. • Expansion in domestic and export markets as sourcing patterns diversify. • Greater participation in value-added yarn, differentiated denim and specialised textile applications.

Capacity commissioningModerate severity · 3 mentions
Positive catalyst

Mohammed Sabir Khan enters the textile industry 1995 SWARAJ SUITING LTD Annual Report 2025 - 26 5 48 Air-Jet Weaving Looms installed, imported from Japan 2012 45 more Air-Jet Looms installed — Bhilwara capacity expanded to 123 looms 2018 Acquired Modway Suiting Private Limited; launched own denim brand, Swaraj Denim 2019 Phase 2 at Neemuch — new weaving unit, additional sizing & dyeing lines, value- added machines; D

Regulatory updatesModerate severity · 15 mentions
Watch

We continue to build our skills and add appropriate resources, which help the company deliver solid results in the years to come. The Board of Directors also take this opportunity to extend its sincere thanks for co-operation and assistance received by the Company from the Central - State - Local Government and other regulatory authorities, Bankers, Members, Customers, Suppliers. The Directors also record their appre

Regulatory approvalLow severity · 17 mentions
Watch

An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount which is only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. Dividends Dividends and Interim dividends payable to a Company’s shareholders are recognized a

Pricing pressureLow severity · 1 mention
Risk easing

• Global political and economic uncertainty affecting demand, freight and trade flows. • Rising production and energy costs and competitive pricing pressure. COMPANY OVERVIEW Swaraj Suiting Limited (“Swaraj”, “SSL” or “the Company”) was incorporated in 2003 and has evolved into an integrated textile manufacturing company engaged in Denim and Cotton finished fabrics and Cotton Yarn.

Capacity expansion plansLow severity · 1 mention
Watch

This discipline is reflected in the Company's certifications across quality, environmental and sustainable-fibre management, including ISO 9001, ISO 14001, ISO 45001, GOTS, Global Recycled Standard, Organic 100 Content Standard, Better Cotton and OEKO-TEX Standard 100. About Swaraj Suiting Established 2003 Headquarter: Bhilwara, Rajasthan Neemuch, Madhya Pradesh Bhilwara, Rajasthan Manufacturing Locations: SWARAJ SUI

Institutional interestLow severity · 1 mention
Watch

The Company ensures that relevant provisions of Regulation 46 of the Listing Regulation are complied with. Presentations made to institutional investors and analysts during the financial year 2025-26 are available on the website of the Company www.swarajsuiting.com and also disseminated to the Stock Exchanges. GENERAL SHAREHOLDER INFORMATION Schedule of Annual General Meeting AGM Date Time Place 23rd AGM 30.09.2025 0

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

DIRECTOR & BUSINESS NETWORK

Loading corporate intelligence

Loading universe coverage and exchange-backed evidence…