Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹28.88, the stock trades at a trailing P/E ratio of 73.4x. Average trailing P/E is 20x in the Luxury industry in India. Total returns to shareholders of 231% over the past three years. New Risk • Jul 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (38% accrual ratio). Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (2.6% net profit margin). Annonce • Jul 21
Sumeet Industries Limited to Report Q1, 2027 Results on Aug 05, 2026 Sumeet Industries Limited announced that they will report Q1, 2027 results on Aug 05, 2026 Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹0.53 (vs ₹64.70 in FY 2025) Full year 2026 results: EPS: ₹0.53 (down from ₹64.70 in FY 2025). Revenue: ₹10.5b (up 5.0% from FY 2025). Net income: ₹273.3m (down 84% from FY 2025). Profit margin: 2.6% (down from 17% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Annonce • Mar 18
Sumeet Industries Limited has filed a Follow-on Equity Offering in the amount of INR 19.98722 billion. Sumeet Industries Limited has filed a Follow-on Equity Offering in the amount of INR 19.98722 billion.
Security Name: Equity Shares
Security Type: Common Stock
Transaction Features: Regulation S; Rights Offering Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹27.54, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 18x in the Luxury industry in India. Total returns to shareholders of 129% over the past three years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.18 (vs ₹37.52 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.18 (down from ₹37.52 in 3Q 2025). Revenue: ₹2.68b (up 6.3% from 3Q 2025). Net income: ₹90.4m (down 91% from 3Q 2025). Profit margin: 3.4% (down from 39% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: ₹0.92 (vs ₹5.24 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.92 (down from ₹5.24 in 2Q 2025). Revenue: ₹2.71b (up 12% from 2Q 2025). Net income: ₹98.6m (down 29% from 2Q 2025). Profit margin: 3.6% (down from 5.7% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹37.90, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 23x in the Luxury industry in India. Total returns to shareholders of 61% over the past three years. New Risk • Oct 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 19x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (over 19x increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Board Change • Oct 07
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Saurav Dugar is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annonce • Aug 06
Sumeet Industries Limited, Annual General Meeting, Aug 30, 2025 Sumeet Industries Limited, Annual General Meeting, Aug 30, 2025, at 16:00 Indian Standard Time. Annonce • Jul 21
Sumeet Industries Limited to Report Q1, 2026 Results on Aug 05, 2025 Sumeet Industries Limited announced that they will report Q1, 2026 results on Aug 05, 2025 Annonce • Apr 18
Sumeet Industries Limited to Report Q4, 2025 Results on Apr 24, 2025 Sumeet Industries Limited announced that they will report Q4, 2025 results on Apr 24, 2025 Annonce • Feb 04
Sumeet Industries Limited to Report Q3, 2025 Results on Feb 13, 2025 Sumeet Industries Limited announced that they will report Q3, 2025 results at 12:15 PM, Indian Standard Time on Feb 13, 2025 Annonce • Jan 09
Sumeet Industries Limited Announces Director Changes Sumeet Industries Limited at its Board of Directors meeting held on 9th day of January, 2025, approved the appointment of Mr. Rohan Dipakbhai Modh as an additional Executive Director of the company up to the conclusion of ensuing General meeting of the company. Approved the appointment of Mrs. Prachi Ankur Gandhi as an additional Independent, Non- Executive Director of the company up to the conclusion of ensuing General meeting of the company. Approved the resignation of Mr. Manoj Kumar Ganeshmal Jain as an Independent, Non- Executive Director of the company from the close of business hours of January 09, 2025. Approved the resignation of Mr. Vikashkumar Kamalsingh Chandaliya as an Independent, Non- Executive Director of the company from the close of business hours of January 09, 2025. Mr. Rohan Modh holds a Master's degree in Management Studies (MS) from Stevens Business School in the United States, and a Bachelor of Business Administration (B.B.A.) in Finance from South Gujarat University in India. He has worked with Corbridge Financial in New York, as well as at Raven Black Capital in the US, where he specialized in the insurance and investment banking sectors. He has rich experience in Project Finance and Investment Banking. She is a fellow member of the Institute of Company Secretaries of India and Graduate in Law and Commerce. She is holding Certificate of Practice from ICSI (India) & have started her professional career with Fairdeal Filaments Ltd. in 2007 and now pursuing her individual Company Secretary Practice and proprietor of Prachi Shukla & Co. is into Corporate Law Advisory & Compliance practice for the past 10+ years. Her experience encompasses areas such as Pre-listing compliances, compliances under SEBI Rules & Regulations, FEMA relating matters and other Corporate Laws, Corporate due diligence, Amalgamation & Merger of Companies, company formation, Drafting and vetting of Memorandum and Articles of Association, Share Subscription Agreements, Shareholders' Agreement, Delisting of Company from Stock Exchange, Winding up & Liquidation of Company, Compliances required under Listing Agreement of company with Stock Exchange(s). Annonce • Oct 29
Sumeet Industries Limited to Report Q2, 2025 Results on Nov 13, 2024 Sumeet Industries Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Annonce • Oct 03
Sumeet Industries Limited Appoints Pratik R. Jaju as an Executive Director Cum Managing Director Sumeet Industries Limited announced that at the AGM held on September 30, 2024, approved the appointment of Mr. Pratik R. Jaju as an Executive Director Cum Managing Director of the Company. Annonce • Oct 02
Sumeet Industries Limited Appoints Radheshyam B. Jaju as an Executive Director Cum Chairman Sumeet Industries Limited announced that at the AGM held on September 30, 2024, approved the appointment of Mr. Radheshyam B. Jaju as an Executive Director Cum Chairman of the company. Annonce • Sep 03
Sumeet Industries Limited, Annual General Meeting, Sep 30, 2024 Sumeet Industries Limited, Annual General Meeting, Sep 30, 2024, at 17:00 Indian Standard Time. Annonce • Aug 10
Sumeet Industries Limited Approves Board Resignations Sumeet Industries Limited at its board meeting held on August 9, 2024, approved resignation of Mr. Sumeet Kumar Somani (DIN: 00318156) and Mr. Shankarlal Somani (DIN: 00165238) has resigned as Executive Director; both effective from August 9, 2024. Annonce • Aug 05
Sumeet Industries Limited Announces Executive Changes Sumeet Industries Limited approved approved the name of new directors who will take over the charge as Executive Director(s) in place of erstwhile directors namely Mr. Shankar Lal Somani & Mr. Sumeet Somani of the company and approved the appointment of Mr. Radheshyam B. Jaju (DIN: 00789902) and Mr. Pratik R. Jaju (DIN: 01899119) as an additional Executive Directors of the company. Annonce • Jul 26
Sumeet Industries Limited to Report Q1, 2025 Results on Aug 09, 2024 Sumeet Industries Limited announced that they will report Q1, 2025 results at 3:30 PM, Indian Standard Time on Aug 09, 2024 Annonce • Jan 09
Sumeet Industries Limited to Report Nine Months, 2023 Results on Feb 01, 2024 Sumeet Industries Limited announced that they will report nine months, 2023 results on Feb 01, 2024 Annonce • Nov 29
Eagle Group Gets Nod to Take over Sumeet Industries Eagle Group has received lenders' go-ahead for buying the insolvent textile company Sumeet Industries Limited (BSE:514211). Lenders led by Bank of Baroda voted for Eagle's INR 2,310 million plan that includes upfront cash of INR 2,030 million to be paid in 180 days and another INR 280 million worth of equity in the company, people familiar with the details of the plan said. Eagle pipped rivals that included Silvassa-based Geelon Industries Private Limited and Gujarat-based Gajera Group by offering to bear the INR 25 crore corporate insolvency resolution process (CIRP) costs over and above its offer, people familiar with the details of the plan said. "Gajera's bid was actually higher at INR 2,350 million but it was riddled with many conditions, primarily that the company will bear CIRP costs only up to INR 50 million which was the deal-breaker. Lenders were more comfortable with not sacrificing anything due to CIRP costs, " said a person familiar with the plan. In a notice to the stock exchanges Sumeet Industries said that Eagle Group received 74.90% of the votes. The voting period lasted a month after beginning on October 25. Resolution professional Satyendra Khorania will now move the Ahmedabad NCLT seeking approval for the plan. Khorania did not reply to ET's email seeking comment. Sumeet, also based in Surat, has been classified as a non-performing account (NPA) with banks for more than three years. It owes lenders led by Bank of Baroda (BoB) more than INR 9,000 million including about INR 5,300 million in principal. Annonce • Oct 19
Sumeet Industries Limited to Report Q2, 2023 Results on Nov 07, 2023 Sumeet Industries Limited announced that they will report Q2, 2023 results on Nov 07, 2023 Annonce • Sep 03
Sumeet Industries Limited, Annual General Meeting, Sep 27, 2023 Sumeet Industries Limited, Annual General Meeting, Sep 27, 2023, at 17:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2023 together with the reports of Board of Directors and the Auditors thereon; to receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2023 together with the report of the Auditors thereon; to appoint a Director in place of Mr. Shankarlal Sitaram Somani, who retires by rotation and being eligible, offer himself for re-appointment; and to consider other matters. Annonce • Jul 28
Sumeet Industries Limited to Report Q1, 2024 Results on Aug 10, 2023 Sumeet Industries Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Annonce • Jun 22
Five Bidders Reportedly in Race for Sumeet Industries Five bidders have expressed interest in taking over the debt-laden Sumeet Industries Limited (BSE:514211). These bidders are UP-based Bhola Ram Papers & Power Private Limited, Bhilosa Industries Pvt. Ltd. and Bhumi Tex Industries of Mumbai, Gujarat's Eagle Group and Silvassa-based Geelon Industries Private Limited, said people in the know. Two large companies - Reliance Industries and Kolkata-based Chatterjee Group company MCPI - have not submitted bids after earlier expressing interest in buying Sumeet Industries. "Lenders received final bids on June 20 and will meet later this week to evaluate them. Expectations are that recovery could be about INR 2,500 million or around 40% of the total debt, " said a person familiar with the bids. Sumeet Industries owes lenders and operational creditors led by Bank of Baroda (BoB) a total of INR 6,670 million. The company was admitted for bankruptcy proceedings in December last year, after a failed attempt to restructure its loans. "Received resolution plans from prospective resolution applicants and due to some confidential and price sensitive information, currently we cannot disclose the name of the resolution applicants who have submitted the bids," said Satyendra Khorania, the resolution professional for the company. All the proposals will be placed before the committee of creditors "and after that, the details will be provided at public domain if found suitable", he said in an emailed response to ET's questions. BoB is the largest creditor to the company with a 65% share of the company's dues to financial creditors, followed by IDBI Bank (21%). Other lenders are Central Bank of India, Canara Bank, Union Bank of India and Germany-based Oldenburgische Landesbank AG. With Reliance and MCPI choosing not to bid, lenders are hoping that the bidders in the fray will compete aggressively, resulting in better value for them. "One way to look at it is that no bidder will now be reluctant to participate. Previously it has been seen that whenever a large company like RIL is in the fray, others are reluctant to put in aggressive bids. Banks will now have to evaluate the bids to ensure they are financially and legally compliant to weed out any ineligible bidders," said a second person aware of the process. Annonce • May 21
Sumeet Industries Limited to Report Q4, 2023 Results on May 30, 2023 Sumeet Industries Limited announced that they will report Q4, 2023 results on May 30, 2023 Annonce • Feb 04
Sumeet Industries Limited to Report Q3, 2023 Results on Feb 14, 2023 Sumeet Industries Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Annonce • Nov 05
Sumeet Industries Limited to Report Q2, 2023 Results on Nov 14, 2022 Sumeet Industries Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Annonce • Aug 11
Sumeet Industries Limited, Annual General Meeting, Sep 15, 2022 Sumeet Industries Limited, Annual General Meeting, Sep 15, 2022, at 15:30 Indian Standard Time. Agenda: To discuss the Audited Standalone Financial Statements of the Company for the financial year ended 31 March 2022 together with the reports of Board of Directors and the Auditors thereon; to discuss the Audited Consolidated Financial Statements of the Company for the financial year ended 31 March 2022 together with the report of the Auditors thereon; to reappoint director; to consider ratification of appointment of cost auditor; to reappoint executive director; and to consider other matters. Annonce • Jul 28
Sumeet Industries Limited to Report Q1, 2023 Results on Aug 10, 2022 Sumeet Industries Limited announced that they will report Q1, 2023 results on Aug 10, 2022 Annonce • Jul 06
Sumeet Industries Limited Discloses Defaults on Payment of Interest/Repayment of Principal Amount on Loans from Banks/Financial Institutions for the Quarter Ended March 31, 2021 Sumeet Industries Limited disclosed defaults on payment of interest/repayment of principal amount on loans from Banks/financial institutions for the quarter ended March 31, 2021. Loans /revolving facilities like cash credit from banks /financial institutions, total amount outstanding as on date: INR 5,029.5 million, of the total amount outstanding, amount of default as on date: INR 5,010.1 million. Total financial indebtedness of the listed entity including short-term and long-term debt: INR 5,329.5 million. Annonce • Feb 02
Sumeet Industries Limited Announces Defaults on Payment of Interest Sumeet Industries Limited announced defaults on payment of interest/repayment of principal amount on loans from Banks/financial institutions for the quarter ended December 31, 2020. Total financial indebtedness of the listed entity including short-term and long-term debt is INR 5,362.6 million. Amount of default as on date is INR 4,940.8 million. Loan accounts of the company have been classified as Non-Performing Assets (NPA) by the Consortium Bank and some of banks out of consortium have not charged interest and therefore provision for interest has not been provided in the books of accounts and also payment of interest has not been mentioned. Reported Earnings • Feb 01
Third quarter 2021 earnings released: EPS ₹0.64 (vs ₹1.71 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹1.82b (up 9.0% from 3Q 2020). Net income: ₹56.2m (up ₹230.6m from 3Q 2020). Profit margin: 3.1% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 45% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 28
New 90-day high: ₹2.77 The company is up 49% from its price of ₹1.86 on 29 September 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ₹2.59 The company is up 34% from its price of ₹1.94 on 09 September 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 22% over the same period. Annonce • Oct 29
Sumeet Industries Limited Appoints Saurav Santosh Dugar as Independent, Non-Executive Director Sumeet Industries Limited announced that Saurav Santosh Dugar, has been appointed as an Independent, Non-Executive Director on the Board of the company. Appointed as an Additional and Independent Director up to the conclusion of upcoming General Meeting. He is practicing Charted Accountant with an overall experience of around 6 years. Annonce • Oct 14
Sumeet Industries Limited to Report Q2, 2021 Results on Oct 28, 2020 Sumeet Industries Limited announced that they will report Q2, 2021 results on Oct 28, 2020 Annonce • Jul 21
Sumeet Industries Limited to Report Q1, 2020 Results on Jul 31, 2020 Sumeet Industries Limited announced that they will report Q1, 2020 results on Jul 31, 2020 Annonce • Jun 17
Sumeet Industries Limited to Report Q4, 2020 Results on Jun 30, 2020 Sumeet Industries Limited announced that they will report Q4, 2020 results on Jun 30, 2020 
