1. India Stocks

  2. •

    Consumer non-durables

  3. •

    Apparel/Footwear
Sarup Industries Limited

Sarup Industries Limited

BBSE:SARUPINDUS
104.90
INR
-0.10
(-0.10%)
1.57EPS
88.20P/E
451.84MMarket Cap
Sarup Industries Limited
BSE:SARUPINDUS
(Bombay Stock Exchange)

Recent

price

104.90

P/E

ratio

88.20

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
189.32
162.99
134.79
182.95
214.14
151.56
147.93
126.63
61.1
64.88
30.65
37.45
28.11
35.56
49.11
49.46
47.39
Revenue per Share
6.16
5.3
2.55
4.26
6.25
-7.24
1.67
-9.63
-28.13
-17.07
-13.38
-6.66
-7.68
-5.24
14.73
1.75
1.57
Basic EPS, GAAP
24.44
3.18
-5.79
3.13
16.29
-5.24
-9.24
13.07
7.45
-12.04
-3.7
15.88
5.08
51.3
4.97
0.67
- -
Free Cash Flow per Basic Share
1.4
1.5
1.5
1.5
1.8
1.8
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
79.11
82.9
83.71
84.9
76.12
68.64
69
58.44
30.3
10.04
-3.34
-10.01
-17.69
-23.91
-9.26
-7.4
- -
Book Value per Share
79.11
82.9
83.71
84.9
76.12
68.64
69
58.44
30.3
10.04
-3.34
-10.01
-17.69
-23.91
-9.26
-7.4
- -
Tangible Book Value per Share
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
Basic Weighted Avg Shares
616
530
438
595
696
493
482
412
199
211
100
122
91
116
160
161
153
Sales/Revenue/Turnover
6.45
7.38
5.96
5.61
6.59
-1.52
2.37
-4.92
-37.04
-13.34
-13.88
-0.56
-7.73
3.97
11.19
8.59
4.75
Operating Margin (%)
18
16
14
12
18
18
17
19
16
13
10
9
8
7
5
6
5
Depreciation Expense
20
17
8
14
20
-24
5
-31
-92
-56
-44
-22
-25
-17
48
6
5
Net Income, GAAP
19.97
20.19
20.01
20.01
20
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
3.26
3.25
1.89
2.33
2.92
-4.78
1.13
-7.6
-46.04
-26.32
-43.66
-17.79
-27.32
-14.74
29.98
3.53
3.32
Profit Margin (%)
160
174
178
173
155
143
322
169
88
28
89
55
37
234
297
301
- -
Working Capital
43
29
22
15
40
154
347
227
243
239
332
309
315
363
359
362
- -
LT Debt
257
270
272
276
248
223
224
190
99
33
-11
-33
-58
-78
-30
-24
- -
Total Equity
5.7
4.94
2.01
3.32
5.52
- -
0.87
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
9.03
9.36
5.75
6.74
8.58
- -
3.8
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
8.03
6.54
3.06
5.05
7.77
-10
2.43
-15.11
-63.41
-84.64
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
10
- -
LT Borrowings
- -
362
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3
3
3
Market Capitalization
522
476
452

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
570
- -
Cash, Cash Equivalents & STI
- -
4
- -
Accounts Receivable, Net
- -
72
- -
Inventories
- -
453
- -
Total Current Liabilities
- -
269
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
10
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-3.34%
45.95%
-20.13%
Free Cash Flow
-40.13%
27.44%
-86.5%
Net Income, GAAP
-120.37%
-107.15%
-88.13%
Sales/Revenue/Turnover
-5.25%
12.51%
0.71%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
36
28
47
49
160
2026
39
43
35
43
161
2027
31
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.16
12.87
0.39
1.31
14.73
2026
0.36
0.39
0.17
0.84
1.75
2027
0.17
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Sarup Industries Limited is an India-based manufacturer and exporter of leather footwear and allied leather goods. Founded in 1979 as Sarup Tanneries Limited and headquartered in Jalandhar, Punjab, India, the company operates across the leather processing and footwear manufacturing sectors. Its core product and service offerings comprise finished men's and women's leather footwear, including formal shoes, casual lifestyle shoes, athletic footwear, and sandals; cut and stitched leather shoe uppers; molded footwear soles and unit components; semi-finished and finished leather; and full-scale contract manufacturing and original equipment manufacturer (OEM) fabrication services for global footwear labels. The company distributes products domestically under its proprietary brand, Lotus-Bawa, while maintaining long-standing contract manufacturing relationships with international retail and athletic brands such as Puma, Reebok, Bata, Decathlon, and United Colors of Benetton. Its geographic reach spans domestic sales across India as well as export destinations across Europe, North America, and Asia, including Germany, Italy, the United Kingdom, Canada, Singapore, and Japan, supported by manufacturing infrastructure in Jalandhar, Punjab, and Tahliwal in Una, Himachal Pradesh. In recent operational developments, Sarup Industries Limited has implemented facility consolidation and cost-optimization programs across its production units to improve overhead efficiencies and modernize footwear assembly lines. The company has also executed corporate governance updates, including the reconstitution of its Board of Directors and independent directorship positions, while strategically realigning its contract manufacturing operations to meet evolving client specifications and export market requirements.