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Sindhu Trade Links

SINDHUTRAD NSE
₹21.25 +0.84 (+4.12%)
P/E
42.50
View as Markdown
MCP
Close 4 Nov 2026 ₹21.25 −2.54 −10.7% 1Y
Start ₹23.79

Key Fundamentals

MicrocapConsumable FuelsEnergy

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
4.55%
Debt to Equity
0.26
EPS (TTM)
₹0.50
Book Value
₹14.57
Market Cap
—
P/E (TTM)
42.50
P/B
1.46
ROE
2.52%
Dividend Yield
0.00%
EBITDA
₹74.90 Cr
52W High
₹28.64
52W Low
₹17.64
Day Range
₹20.35 – ₹21.33
Volume
2,95,695

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

34 Poor

Data confidence 100/100

Category scores

Quality
41
Weak
Returns, margins, earnings quality 22% weight
Valuation
36
Poor
Cheap vs sector & own history 24% weight
Growth
4
Poor
Sales & profit trajectory 9% weight
Financial Health
38
Weak
Solvency, leverage, coverage 9% weight
Momentum
24
Poor
Trend strength, vol-adjusted 12% weight
Ownership
34
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has delivered good profit growth of 24.4% CAGR over last 5 years

Weaknesses

7
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -10.1% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 2.98% over last 3 years.
  • Earnings include an other income of Rs.130 Cr.
  • Company has high debtors of 230 days.
  • Working capital days have increased from 171 days to 395 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
52.85
Neutral
MACD (12,26,9)
−0.63
Bullish
SMA (50)
22.45
Bearish
SMA (200)
23.63
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y−5.93%
5Y−10.09%
3Y−23.64%
1Y−69.73%
TTM−63.74%

Net profit

Net profit growth by window
10Y+3.87%
5YTurned to profit
3YTurned to profit
1Y−53.28%
TTM+11.43%

Operating cash flow

Operating cash flow growth by window
10YTurned positive
5YTurned positive
3YTurned positive
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−10.91 pp
5Y−0.62 pp
3Y−0.13 pp
1Y−0.88 pp
TTM+31.75 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2016₹966 Cr
Mar 2017₹1,281 Cr
Mar 2019₹1,536 Cr
Mar 2020₹1,176 Cr
Mar 2021₹892 Cr
Mar 2022₹1,007 Cr
Mar 2023₹1,177 Cr
Mar 2024₹1,685 Cr
Mar 2025₹1,731 Cr
Mar 2026₹524 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2016₹39.00 Cr
Mar 2017₹33.00 Cr
Mar 2019−₹54.00 Cr
Mar 2020−₹99.00 Cr
Mar 2021−₹82.00 Cr
Mar 2022−₹53.00 Cr
Mar 2023−₹3.00 Cr
Mar 2024₹71.00 Cr
Mar 2025₹122 Cr
Mar 2026₹57.00 Cr

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

Sindhu Trade Links Ltd is an energy-sector company with a market cap of Rs.4,285 Cr trading at a PE of 75.2x. While compounded profit growth has been strong at 27% CAGR over 5 years, sales have declined at -10% CAGR over the same period, and the TTM revenue decline of -70% raises questions about the sustainability of recent earnings.

Bull Case 7
  • Compounded profit growth of 27% CAGR over 5 years demonstrates the company's ability to grow earnings despite revenue headwinds
  • TTM profit growth of 955% shows a sharp recovery in earnings in the most recent period
  • 3-year compounded profit growth of 140% indicates an accelerating profit trajectory in recent years
  • 5-year stock CAGR of 54% reflects significant long-term value creation for shareholders over that horizon
  • ROE improved to 3% in the last year from a 3-year average of 2%, suggesting gradual improvement in return on equity
  • Market cap of Rs.4,285 Cr with a price-to-book of 2.45x indicates the market assigns a meaningful premium to the company's asset base
  • The company remains consistently profitable, reporting repeated profits over multiple years
Bear Case 8
  • TTM sales decline of -70% signals a severe deterioration in core revenue generation
  • 5-year compounded sales decline of -10% and 3-year decline of -24% indicate a persistent structural shrinkage in the top line
  • PE of 75.2x is extremely elevated, implying earnings need to grow substantially to justify the current valuation
  • Working capital days have increased from 171 days to 395 days, indicating severe deterioration in operational efficiency and cash conversion
  • High debtors of 230 days suggest significant collection risk and potential bad debt exposure
  • Other income of Rs.110 Cr forms a substantial portion of earnings, meaning core operating profitability may be much weaker than headline numbers suggest
  • 3-year ROE of just 2.25% is extremely low, indicating poor capital efficiency for shareholders
  • Zero dividend payout despite reporting profits raises concerns about cash flow quality or promoter capital allocation priorities

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: Sindhu Trade Links shows a split picture: strong short-term price momentum (+23% in 6 months) and a decisive Q4 FY26 profit turnaround mask a severe 75% annual revenue collapse driven by its overseas coal business. The ₹922-crore acquisition plan for Advent Coal and Sainik Mining could rebuild scale but brings significant dilution risk. The trend is improving operationally from the Q4 recovery, but execution on the acquisitions and coal segment revival will determine whether the recent rally has legs.

Headwinds 4
  • FY26 revenue collapsed 75% Jun 16

    Consolidated income fell to ₹57,964 lakh in FY26 from ₹2,29,270 lakh in FY25, driven by overseas coal mining & trading revenue plunging from ₹1,20,835 lakh to ₹5,024 lakh.

  • FY26 net profit halved Jun 16

    Consolidated net profit dropped to ₹5,744 lakh in FY26 from ₹12,159 lakh in FY25, a 53% decline year-on-year.

  • Stock 38% below 52-week high Jun 12

    Despite recent recovery, shares remain 38% below the 52-week high of ₹39.30 touched in July 2025, and are down over 2% on a 1-year basis.

Positives 5
  • Q4 FY26 profit turnaround Jun 16

    Company swung to net profit of ₹1,396 lakh in Q4 FY26 from a loss of ₹5,898 lakh in Q4 FY25, with EBITDA improving to ₹1,824 lakh from negative ₹6,304 lakh.

  • Stock rallies 8% to 52-week high Jun 16

    Shares rose 8% to ₹27.06 on June 16 amid positive market sentiment from US-Iran relations and falling crude oil prices.

  • Strong short-term price momentum Jun 16

    Stock gained 5% in 1 week, 14% in 1 month, 13% in 3 months, and 23% in 6 months, with 664% returns over 5 years.

Neutral 3
  • EGM set for June 18 Jun 12

    EGM scheduled for June 18, 2026 at 3:00 PM via video conferencing to vote on preferential issue resolutions for both acquisitions.

  • EGM corrigendum issued Jun 12

    Company issued corrigendum to EGM notice amending explanatory statements for special resolutions, following NSE and BSE observations on the original May 25, 2026 notice.

  • Preferential issue priced at ₹23.20 Jun 12

    Floor price determined at ₹23.13 per share with issue price fixed at ₹23.20 per security, valued by independent registered valuer Rajan Sahdev per SEBI ICDR Regulations.

Quarterly Results

₹ Cr
SINDHUTRAD quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
427
397
416
446
554
370
511
297
165
124
119
115
129
Expenses
350
377
350
471
414
462
454
627
152
126
116
110
108
Operating Profit
77
19
66
−26
140
−93
57
−329
13
−2
3
5
21
OPM %
18%
4.9%
16%
−6%
25%
−25%
11%
−111%
8%
−1.6%
2.5%
4.5%
16%
Other Income
17
79
58
−4
7
266
9
285
22
30
27
31
42
Interest
44
42
14
43
32
37
38
14
10
12
11
17
12
Depreciation
6
1
14
47
14
8
28
4
3
3
3
3
8
PBT
45
56
96
−120
102
128
−1
−63
23
12
15
16
44
Tax %
34%
10%
3%
−15%
30%
9%
800%
−6%
17%
12%
9%
13%
12%
Net Profit
29
50
93
−102
72
117
−7
−59
19
11
14
14
39
EPS (₹)
0.19
0.33
0.6
−0.66
0.46
0.76
−0.05
−0.38
0.12
0.07
0.09
0.09
0.25

Profit & Loss

₹ Cr
SINDHUTRAD profit and loss, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
966
1,281
1,536
1,176
892
1,007
1,177
1,685
1,731
524
488
Expenses
821
1,098
1,386
1,093
849
890
1,125
1,538
1,643
502
461
Operating Profit
146
183
150
83
43
117
51
147
88
22
27
OPM %
15%
14%
10%
7%
4.8%
12%
4.4%
9%
5%
4.2%
6%
Other Income
18
15
26
35
82
48
158
150
254
109
130
Interest
60
92
145
140
155
171
161
152
121
50.11
52
Depreciation
29
30
51
46
36
32
31
68
55
13
17
PBT
75
75
−21
−67
−67
−39
17
77
166
66
88
Tax %
52%
54%
165%
48%
23%
36%
121%
8%
27%
13%
—
Net Profit
39
33
−54
−99
−82
−53
−3
71
122
57
77
EPS (₹)
0.27
0.29
−0.35
−0.64
−0.16
−0.06
0
0.37
0.17
0.27
0.5
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
SINDHUTRAD balance sheet, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
51
51
—
51
51
51
154
154
154
154
Reserves
235
296
—
1,161
1,134
1,131
1,178
1,342
1,454
1,599
Borrowings
939
1,194
—
1,156
1,306
1,285
1,638
1,017
372
463
Other Liabilities
304
627
—
2,146
1,982
2,153
2,022
2,148
754
671
Total Liabilities
1,530
2,167
—
4,515
4,473
4,621
4,992
4,661
2,733
2,887
Fixed Assets
662
708
—
3,238
3,160
3,264
3,463
3,488
82
79
CWIP
5
4
—
0
0
0
0
0
0
1
Investments
109
42
—
274
285
235
177
191
1,922
2,005
Other Assets
755
1,414
—
1,004
1,029
1,122
1,352
982
729
802
Total Assets
1,530
2,167
—
4,515
4,473
4,621
4,992
4,661
2,733
2,887

Cash Flow

₹ Cr
SINDHUTRAD cash flow, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−237
−450
—
—
−51
129
−108
691
−51
43
Investing
−24
182
—
—
12
−9
152
65
374
−64
Financing
263
314
—
—
36
−127
−23
−688
−408
8
Net Cash Flow
2
46
—
—
−3
−7
21
68
−84
−13
Free Cash Flow
−268
−506
—
—
−14
102
−40
613
−74
39
CFO/EBITDA
−135
−231
—
—
−64
115
−172
464
−58
203

Ratios

SINDHUTRAD financial ratios, annual
Particulars Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
73
158
—
76
122
135
121
75
73
230
Inventory Days
71
132
—
16
—
—
—
—
—
78
Days Payable
119
280
—
73
—
—
—
—
—
132
Cash Conversion Cycle
26
10
—
18
122
135
121
75
73
176
Working Capital Days
−42
59
—
−112
−117
−77
−143
18
100
395
ROCE %
—
11%
—
—
1%
4%
5%
6%
16%
5%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Sindhu Trade Links insights

61 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 73.93%
  • Public 12.32%
  • Others 11.06%
  • FIIs 2.70%

0.23% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Sindhu Trade Links

What does Sindhu Trade Links Ltd do?
Sindhu Trade Links Ltd is primarily engaged in transportation logistics and support services. The Co. through its subsidiaries is also engaged in diversified businesses like Media, Overseas Coal Mining, BioMass Based Power Generation etc.
Where is Sindhu Trade Links Ltd (SINDHUTRAD) listed?
Sindhu Trade Links Ltd trades as SINDHUTRAD on the NSE and under code 532029 on the BSE.
Which sector does Sindhu Trade Links Ltd belong to?
Sindhu Trade Links Ltd is classified under the Diversified sector, in the Diversified Group industry.
What is the PE ratio of Sindhu Trade Links Ltd?
Sindhu Trade Links Ltd trades at a PE ratio of 42.50 as of 4 Nov 2026, on earnings per share of ₹0.5, against a book value of ₹14.57 per share.
What is the 52-week high and low of Sindhu Trade Links Ltd?
Over the last 52 weeks Sindhu Trade Links Ltd has traded between ₹17.64 and ₹28.64 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Sindhu Trade Links Ltd?
Sindhu Trade Links Ltd reported a return on equity of 2.52%. Its debt-to-equity ratio is 0.26.

Company Information

Sindhu Trade Links Ltd is primarily engaged in transportation logistics and support services. The Co. through its subsidiaries is also engaged in diversified businesses like Media, Overseas Coal Mining, BioMass Based Power Generation etc.

CEO Mr. Alok Gupta
Employees 587
Listed 20 Jun 2023
Face Value ₹1

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