Loading…
Sportking India Ltd
NSE: SPORTKING BSE: 539221 INE885H01029 Consumer Discretionary Consumer 🔎 Screen
₹2,472 Cr
Market Cap
17.6
P/E
2.46
PEG
13.0%
ROCE
11.7%
ROE
0.48
D/E
11.3%
OPM
⚖️ Compare? 🔒 Generate Report 📚 Guides
📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
Shareholding
About

Sportking India Limited, a part of the Sportking Group, is a textile manufacturing company engaged in the production of Yarns (Cotton Yarn, Synthetic Yarn, Blended Yarn), fabrics and garments.

✓ Strengths 1
  • Company has reduced debt.
! Concerns 2
  • Company has a low return on equity of 11.0% over last 3 years.
  • Dividend payout has been low at 10.6% of profits over last 3 years
Key Ratios Snapshot
📊 Sector Averages
📈 Growth Pattern
📊 Quick Scorecard
Loading…
🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
Mixed quarter: EBITDA margin improved sharply to 13.4% (+172 bps YoY) but PAT fell 7.3% YoY due to negative other income of ₹7.9 Cr (swing from +₹9.0 Cr). quarter Investor Presentation One-Pager? Mar 2026
Revenue
₹636.8 Cr
+1.3% YoY
EBITDA Margin
13.4%
+172 bps YoY
PAT
₹32.8 Cr
-7.3% YoY
Key Metric
Capacity Utilization 96%
Best-in-class, sustained YoY
What Went Right
  • EBITDA margin expanded 172 bps to 13.4% as gross profit margin improved 33 bps to 26.8%, despite flat revenue.
  • Capacity utilization remained best-in-class at 96% for the fifth consecutive quarter.
  • Export revenue increased to 57% of total (₹357 Cr) from 49% (₹311 Cr) in Q4 FY25, demonstrating strong global demand.
  • Q4 EBITDA grew 16.1% YoY to ₹85.4 Cr, the highest in the last six quarters.
  • Full-year FY26 EBITDA margin improved 89 bps to 11.5% despite a 1.1% revenue decline.
What to Watch
  • PAT declined 7.3% YoY to ₹32.8 Cr, primarily due to negative other income of -₹7.9 Cr vs +₹9.0 Cr in Q4 FY25 — a swing of ₹16.9 Cr.
  • Full-year revenue from operations fell 1.1% to ₹2,495.9 Cr, indicating subdued demand in the domestic textile market.
  • PBT margin contracted 106 bps to 6.9% in Q4, as finance costs rose 8.6% to ₹10.1 Cr and depreciation was flat.
  • Other income volatility (likely from forex or non-operating items) distorted bottom-line performance, raising earnings quality concerns.
  • Domestic revenue was flat at ₹255 Cr in Q4 (same as Q4 FY25), showing no growth in the home market.
Management Guidance
  • Odisha greenfield capacity: 1.5 lakh spindles (40% increase over existing 3.79 lakh), outlay ~₹1,000 Cr; funding via term loans and internal accruals; operations to commence from Q3 FY27.
  • Solar power plant (40.3 MW) via SPV Evincea Renewable Seven; expected to save power cost 12-15% in the long term; commissioning by end-May 2026.
  • Forward integration: Board approved majority stake in Marvel Dyers (fabric dyeing/printing/finishing) and acquisition of Sobhagia Sales (garment manufacturing/retailing) on slump sale basis.
Investor Lens
Sportking's core spinning operations remain highly efficient with 96% utilization and expanding EBITDA margins, but Q4 PAT was marred by a ₹16.9 Cr swing in other income, masking operational strength. The full-year revenue decline of 1.1% signals tepid demand, especially domestically. The strategic pivot to forward integration (fabrics and garments) and the massive Odisha capex (40% spindle addition) offer significant growth optionality but carry execution risk. The solar plant should structurally reduce power costs from FY27. Near-term watch: timely commissioning of Odisha plant, integration of new acquisitions, and recovery in textile demand. Thesis remains intact, but the transition period may weigh on near-term returns.
From investor presentation · AI-generated analysis · Not investment advice
🔒
Premium Feature
Investor Presentation One-Pager — quarterly highlights, what went right/wrong & management guidance
Upgrade to Premium
Already a member? Log in
📊 MIXED PAT down 6% YoY despite 15% op profit growth and margin expansion
Revenue
Revenue stood at ₹637.0 Cr, up 1.3% YoY but down 1.4% QoQ. Growth remains modest with no material volume or price catalysts visible.
Profitability
Net profit fell 5.7% YoY to ₹33.0 Cr (EPS ₹2.58 vs ₹2.78) due to negative other income of ₹8.0 Cr. Sequentially, PAT improved 32% from ₹25.0 Cr.
Margins
Operating margin expanded to 13% from 12% YoY and 10% QoQ, aided by better cost control. This drove a 14.9% YoY rise in operating profit to ₹85.0 Cr.
Cash Flow
No cash flow data provided.
Balance Sheet
Borrowings stood at ₹463 Cr against reserves of ₹1,103 Cr, resulting in a debt-to-equity ratio of 0.48. Total assets were ₹1,744 Cr.
Key Risks
Revenue growth is sluggish at ~1% YoY. Negative other income of ₹8 Cr weighed on net profit. High debt of ₹463 Cr may pressure margins if interest costs rise.
Outlook
Sustained margin improvement is encouraging, but top-line expansion remains critical for earnings growth. Near-term demand visibility will decide if operating leverage can be maintained.
Generated by AI · Mar 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock AI Advisor.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Documents.

Access concall transcripts, annual reports, credit ratings, and investor presentations.

Upgrade to PremiumCreate Free Account

📊 Sector KPIs

Industry-specific KPIs with historical trend — AI-extracted from investor presentations
🔒
Premium Feature
Industry-specific KPIs with historical trend across quarters — AI-extracted from investor presentations
Upgrade to Premium
Already a member? Log in

💼 Management Guidance

Revenue, loan book, NIM and other management targets — with hit/miss tracking
🔒
Premium Feature
Management guidance targets with historical hit/miss tracking — unlocked with Premium
Upgrade to Premium
Already a member? Log in

🎯 Thesis Tracker

Guidance vs Delivery — management track record
🔒
Premium Feature
Management guidance vs actual delivery — track whether revenue & PAT targets were Beat, Met or Missed across every reporting year
Upgrade to Premium
Already a member? Log in
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including equities and mutual funds, involves inherent risks, including the potential loss of principal. All investments are subject to market fluctuations, regulatory changes, and other risks that may affect their value. Past performance is not indicative of future results. This report is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This report does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a SEBI-registered investment adviser or other qualified financial professional before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities or financial instruments discussed in this report. Any such positions, if material, are disclosed to the best of the author's knowledge and are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company, institution, or third party.

Information Sources:
The analysis and opinions expressed herein are based on publicly available information, including but not limited to company filings with the BSE/NSE, annual reports, management commentary, investor presentations, data from the Reserve Bank of India (RBI), SEBI, industry publications, and other reliable financial data sources. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This report may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. The author does not undertake any obligation to update such statements in the future.

Regulatory Compliance:
This report is intended to comply with the Securities and Exchange Board of India (Research Analysts) Regulations, 2014, as amended, and other applicable Indian laws and regulations.

Limitation of Liability:
The content of this report is provided "as is" without any warranties, express or implied, including accuracy, completeness, merchantability, or fitness for a particular purpose. The author and publisher expressly disclaim any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.