Sindhu Trade Links
Sindhu Trade Links
EnergyKey Fundamentals
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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
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 69d agoSindhu 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.
- 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
- 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
anthropic claude-opus-4.6 69d ago- 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.
- Massive dilution risk from acquisitions Jun 12
Proposed preferential allotment of 30.04 crore equity shares plus 9.71 crore CCPS (convertible 1:1) could expand equity base by ~34.78% upon full conversion.
- 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.
- ₹922-crore mining acquisitions planned Jun 12
Board proposed acquiring 78.26% of Advent Coal Resources (₹697 crore) and 50.1% of Sainik Mining (₹225 crore) to strengthen coal mining presence and international footprint.
- 37% recovery from January lows Jun 12
Shares surged 37% from the January 2026 low of ₹17.64, signaling renewed investor confidence.
- 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.
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.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 in Rs | 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
| Particulars | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 51 | 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 in Rs | 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
| Particulars | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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/OP | -135 | -231 | — | — | -64 | 115 | -172 | 464 | -58 | 203 |
Ratios
| Particulars | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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61 extracted metrics + investor summaries across FY10–FY26.
Documents
Frequently Asked Questions about Sindhu Trade Links
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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. [1]
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