---
title: "SDF Industries Ltd (1267997) — Share Price, Financials & Analysis"
symbol: "1267997"
company: "SDF Industries Ltd"
canonical: "https://tapetide.com/stocks/1267997"
sector: "Fast Moving Consumer Goods"
industry: "Beverages"
generated_at: "2026-09-13T18:37:38.053Z"
---

# SDF Industries Ltd (1267997)

Canonical page: https://tapetide.com/stocks/1267997

## Company

- **Sector:** Fast Moving Consumer Goods
- **Industry:** Beverages
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

SdF Industries is primarily engaged in the business of manufacture and sale of Indian Made Foreign Liquor (IMFL) and also blending & bottling of IMFL.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Debtor days have improved from 69.6 to 49.5 days.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -33.5% over past five years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -23% | -16% | — |
| revenue growth | 11% | -38% | -34% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.16 | 0.54 | 1.87 | 1.02 | 0.95 | 0.86 | 1.39 | 1.01 | 1.32 | 1.33 | 0.99 | 1.02 |
| Expenses | 1.95 | 0.98 | 2.21 | 1.6 | 1.44 | 1.35 | 1.91 | 1.4 | 1.8 | 1.82 | 1.6 | 1.81 |
| Operating Profit | -0.79 | -0.44 | -0.34 | -0.58 | -0.49 | -0.49 | -0.52 | -0.39 | -0.48 | -0.49 | -0.61 | -0.79 |
| OPM % | -68.1 | -81.48 | -18.18 | -56.86 | -51.58 | -56.98 | -37.41 | -38.61 | -36.36 | -36.84 | -61.62 | -77.45 |
| Other Income | 0.04 | 0 | 0.01 | 0.18 | 0.14 | 0.09 | 0.02 | 0.28 | 0 | 0 | 0.07 | 0 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.03 | 0.04 |
| Profit before tax | -0.81 | -0.49 | -0.38 | -0.45 | -0.4 | -0.46 | -0.57 | -0.16 | -0.53 | -0.54 | -0.57 | -0.83 |
| Tax % | -9.88 | 0 | 0 | 0 | -15 | 0 | 0 | 0 | -5.66 | 0 | 0 | 0 |
| Net Profit | -0.73 | -0.49 | -0.38 | -0.46 | -0.34 | -0.46 | -0.56 | -0.15 | -0.5 | -0.55 | -0.57 | -0.84 |
| EPS in Rs | -0.62 | -0.42 | -0.33 | -0.39 | -0.29 | -0.39 | -0.48 | -0.13 | -0.43 | -0.47 | -0.49 | -0.72 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 8.22 | 7.08 | 7.99 | 35.16 | 23.04 | 19.38 | 5.38 | 4.38 | 4.57 | 4.66 |
| Expenses | 6.44 | 5.91 | 6.89 | 34.46 | 23.83 | 20.78 | 7.47 | 6.16 | 6.42 | 7.03 |
| Operating Profit | 1.78 | 1.17 | 1.1 | 0.7 | -0.79 | -1.4 | -2.09 | -1.78 | -1.85 | -2.37 |
| OPM % | 21.65 | 16.53 | 13.77 | 1.99 | -3.43 | -7.22 | -38.85 | -40.64 | -40.48 | -50.86 |
| Other Income | 0.02 | 0.1 | -0.4 | 0.02 | 0.24 | 0.24 | 0.07 | 0.33 | 0.41 | 0.07 |
| Interest | 0 | 0 | 0 | 0.03 | 0.07 | 0.05 | 0.05 | 0.1 | 0.07 | 0 |
| Depreciation | 0.21 | 0.24 | 0.25 | 0.29 | 0.25 | 0.24 | 0.22 | 0.17 | 0.19 | 0.17 |
| Profit before tax | 1.59 | 1.03 | 0.45 | 0.4 | -0.87 | -1.45 | -2.29 | -1.72 | -1.7 | -2.47 |
| Tax % | 0 | 0 | 20 | 20 | -6.9 | -0.69 | -3.49 | -3.49 | -1.76 | — |
| Net Profit | 1.59 | 1.02 | 0.36 | 0.32 | -0.81 | -1.44 | -2.21 | -1.66 | -1.67 | -2.46 |
| EPS in Rs | 1.36 | 0.87 | 0.31 | 0.27 | -0.69 | -1.23 | -1.89 | -1.42 | -1.43 | -2.11 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 11.69 | 11.69 | 11.69 | 11.69 | 11.69 | 11.69 | 11.69 | 11.69 | 11.69 | 11.69 |
| Reserves | -10.6 | -9.58 | -9.21 | -8.93 | -9.75 | -7.87 | -10.02 | -11.76 | -13.55 | -14.66 |
| Borrowings | 0.71 | 0.69 | 0.67 | 0.59 | 0.29 | 0.41 | 0.59 | 0.55 | 0 | 0 |
| Other Liabilities | 7.72 | 8.46 | 8.75 | 9.66 | 6.2 | 9.08 | 6.8 | 8.17 | 9.33 | 10.62 |
| Total Liabilities | 9.52 | 11.26 | 11.9 | 13.01 | 8.43 | 13.31 | 9.06 | 8.65 | 7.47 | 7.65 |
| Fixed Assets | 3.07 | 3.06 | 3.21 | 2.99 | 2.75 | 5.86 | 5.65 | 5.49 | 5.07 | 5.01 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 6.45 | 8.2 | 8.69 | 10.02 | 5.68 | 7.45 | 3.41 | 3.16 | 2.4 | 2.64 |
| Total Assets | 9.52 | 11.26 | 11.9 | 13.01 | 8.43 | 13.31 | 9.06 | 8.65 | 7.47 | 7.65 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.13 | 0.85 | 0.49 | 1.14 | -0.07 | -0.45 | -0.06 | -0.12 | -0.09 | 0.22 |
| Cash from Investing Activity | -0.25 | -0.94 | -0.12 | -0.39 | -0.06 | -0.02 | 0.03 | -0.01 | 0.19 | 0.37 |
| Cash from Financing Activity | 0.03 | -0.02 | -0.02 | -0.02 | -0.09 | -0.35 | 0.08 | 0.09 | -0.09 | -0.54 |
| Net Cash Flow | -0.09 | -0.11 | 0.35 | 0.73 | -0.22 | -0.81 | 0.05 | -0.05 | 0.01 | 0.05 |
| Free Cash Flow | -0.12 | -0.09 | 0.37 | 0.75 | -0.14 | -0.47 | -0.12 | -0.13 | 0.09 | 0.59 |
| CFO/OP | 22 | 55 | 44 | 114 | -27 | 47 | 23 | 10 | 5 | -12 |

### Ratios

| Item | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 173.52 | 203.37 | 274.78 | 190.04 | 68.41 | 50.22 | 97.18 | 79.38 | 80 | 49.52 |
| Inventory Days | — | — | — | — | 31.82 | 36 | 38.23 | 258.31 | 438 | — |
| Days Payable | — | — | — | — | 88.67 | 32.68 | 181.71 | 853.54 | 2126.12 | — |
| Cash Conversion Cycle | 173.52 | 203.37 | 274.78 | 190.04 | 11.56 | 53.54 | -46.3 | -515.85 | -1608.12 | 49.52 |
| Working Capital Days | -146.27 | -50.18 | -22.68 | -63.04 | 3.63 | -9.98 | -40.3 | -247.63 | -430 | -543.11 |
| ROCE % | 1600 | 144.95 | 44.78 | 30.92 | 13.23 | -28.67 | -43.34 | -69.03 | -135.77 | — |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 30.91% | 30.91% | 30.91% | 30.91% | 30.91% | 30.91% | 30.91% | 30.91% |
| DIIs | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.29% | 0.29% |
| Public | 68.8% | 68.8% | 68.8% | 68.8% | 68.8% | 68.8% | 68.8% | 68.8% |
| No. of Shareholders | 14602 | 14591 | 14584 | 14555 | 14554 | 14554 | 14550 | 14549 |

### Quarterly

| Category | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 30.91% | 30.91% | 30.91% | 30.91% | 30.91% | 30.91% | 30.91% | 30.91% | 30.91% | 30.91% | 30.91% | 30.91% |
| DIIs | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% |
| Public | 68.8% | 68.8% | 68.8% | 68.8% | 68.8% | 68.8% | 68.8% | 68.8% | 68.8% | 68.8% | 68.8% | 68.8% |
| No. of Shareholders | 14554 | 14554 | 14554 | 14554 | 14554 | 14554 | 14553 | 14551 | 14550 | 14550 | 14549 | 14549 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 16.2 | Sell |
| EMA (10) | 16.1 | Sell |
| SMA (20) | 17.4 | Sell |
| EMA (20) | 16.64 | Sell |
| SMA (50) | 16.68 | Sell |
| EMA (50) | 16.94 | Sell |
| SMA (100) | 17.55 | Sell |
| EMA (100) | 17.12 | Sell |
| SMA (200) | 17.26 | Sell |
| EMA (200) | 17.8 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.11 | Neutral |
| MACD (12,26,9) | -0.49 | Sell |
| Stochastic (14,3,3) | 6.2 | Buy |
| ADX (14) | 28.67 | Buy |
| Williams %R (14) | -91.72 | Buy |
| ATR (14) | 0.72 | High Volatility |
| ROC (12) | -17.61 | Sell |
| Stoch RSI (14) | 6.87 | Buy |
| UO (7,14,28) | 39.41 | Neutral |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:37:38.053Z.