Swadeshi Industries & Leasing
Swadeshi Industries & Leasing
Industrial ProductsKey Fundamentals
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Key Insights
Strengths
3- Company is almost debt free.
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 277 days to 48.2 days
Weaknesses
4- Stock is trading at 7.71 times its book value
- Promoter holding is low: 39.3%
- Company has a low return on equity of 8.26% over last 3 years.
- Debtor days have increased from 84.1 to 112 days.
Growth Rate
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 | 0 | 0 | 0 | 2.46 | 2.29 | 4.42 | 2.55 | 6.62 | 9.29 | 4.42 | 15.79 | 32.82 | 17.18 |
| Expenses | 0.04 | 0.05 | 0.03 | 2.55 | 2.31 | 4.5 | 2.62 | 6.15 | 8.83 | 4.5 | 15.21 | 31.81 | 16.46 |
| Operating Profit | -0.04 | -0.05 | -0.03 | -0.09 | -0.02 | -0.08 | -0.07 | 0.47 | 0.46 | -0.08 | 0.58 | 1.01 | 0.72 |
| OPM % | — | — | — | -3.66% | -0.87% | -1.81% | -2.75% | 7.1% | 4.95% | -1.81% | 3.67% | 3.08% | 4.19% |
| Other Income | 0.06 | 0.06 | 0.04 | 0 | 0.07 | 0.03 | 0.78 | 0 | 0 | 0.03 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.04 | 0.04 |
| PBT | 0.02 | 0.01 | 0.01 | -0.09 | 0.05 | -0.05 | 0.71 | 0.47 | 0.46 | -0.05 | 0.58 | 0.97 | 0.67 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 11.27% | 17.02% | 26.09% | 0% | 24.14% | 25.77% | 19.4% |
| Net Profit | 0.02 | 0 | 0.01 | -0.09 | 0.05 | -0.05 | 0.63 | 0.4 | 0.35 | -0.05 | 0.44 | 0.73 | 0.53 |
| EPS in Rs | 0.02 | 0 | 0.01 | -0.08 | 0.05 | -0.05 | 0.58 | 0.37 | 0.32 | -0.05 | 0.41 | 0.32 | 0.23 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12.8 | 0.49 | 25.73 | 7.34 | 2.13 | 1.17 | 1.15 | 0.34 | 0.73 | 2.46 | 15.9 | 68.12 | 70.21 |
| Expenses | 12.97 | 0.74 | 26.07 | 7.78 | 3.3 | 1.38 | 1.9 | 1.23 | 0.92 | 2.67 | 15.59 | 65.81 | 67.98 |
| Operating Profit | -0.17 | -0.25 | -0.34 | -0.44 | -1.17 | -0.21 | -0.75 | -0.89 | -0.19 | -0.21 | 0.31 | 2.31 | 2.23 |
| OPM % | -1.33% | -51.02% | -1.32% | -5.99% | -54.93% | -17.95% | -65.22% | -261.76% | -26.03% | -8.54% | 1.95% | 3.39% | 3.18% |
| Other Income | 0.38 | 0.37 | 0.47 | 0.2 | 0.21 | 0.03 | 0.07 | 0.03 | 0.09 | 0.15 | 0.87 | 0 | 0.03 |
| Interest | 0.01 | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0.04 | 0.08 |
| PBT | 0.2 | 0.12 | 0.11 | -0.24 | -0.96 | -0.19 | -0.69 | -0.86 | -0.1 | -0.06 | 1.18 | 2.27 | 2.17 |
| Tax % | 0% | 33.33% | 36.36% | 0% | -1.04% | 0% | 1.45% | 0% | 0% | 0% | 12.71% | 24.67% | — |
| Net Profit | 0.2 | 0.08 | 0.08 | -0.24 | -0.96 | -0.18 | -0.69 | -0.87 | -0.1 | -0.06 | 1.03 | 1.7 | 1.65 |
| EPS in Rs | 0.19 | 0.07 | 0.07 | -0.22 | -0.89 | -0.17 | -0.64 | -0.8 | -0.09 | -0.06 | 0.95 | 0.74 | 0.91 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.82 | 10.82 | 10.82 | 10.82 | 10.82 | 10.82 | 10.82 | 10.82 | 10.82 | 10.82 | 10.82 | 23.13 |
| Reserves | 0.06 | 0.14 | 0.22 | -0.02 | -0.98 | -1.17 | -1.86 | -2.72 | -2.82 | -2.88 | -1.86 | -0.25 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.09 | 0.05 | 0.01 | 0 | 0.02 | 0.72 |
| Other Liabilities | 0.41 | 1.22 | 6.9 | 2 | 1.66 | 1.49 | 1.13 | 0.45 | 0.86 | 1.5 | 1.42 | 13.68 |
| Total Liabilities | 11.29 | 12.18 | 17.94 | 12.8 | 11.5 | 11.15 | 10.18 | 8.6 | 8.87 | 9.44 | 10.4 | 37.28 |
| Fixed Assets | 0 | 0 | 3.28 | 3.52 | 3.53 | 3.54 | 3.54 | 3.54 | 3.54 | 3.53 | 0.01 | 2.71 |
| CWIP | 4.08 | 4.08 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 5.71 | 3.68 | 4.32 | 3.93 | 3.09 | 3.36 | 2.75 | 1.42 | 0 | 0 | 2.65 | 8.4 |
| Other Assets | 1.5 | 4.42 | 10.34 | 5.35 | 4.88 | 4.25 | 3.89 | 3.64 | 5.33 | 5.91 | 7.74 | 26.17 |
| Total Assets | 11.29 | 12.18 | 17.94 | 12.8 | 11.5 | 11.15 | 10.18 | 8.6 | 8.87 | 9.44 | 10.4 | 37.28 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -0.56 | -2.45 | 0.21 | -1.15 | -1.07 | 0.25 | -0.66 | -1.4 | -1.45 | -0.16 | -1.75 | -1 |
| Investing | 0.46 | 2.43 | -0.16 | 1.16 | 1.03 | -0.26 | 0.66 | 1.36 | 1.5 | 0.15 | 1.73 | -8.49 |
| Financing | -0.01 | 0 | -0.01 | 0 | 0 | 0.01 | 0.08 | -0.04 | -0.04 | 0 | 0.01 | 12.86 |
| Net Cash Flow | -0.1 | -0.02 | 0.04 | 0 | -0.03 | 0 | 0.08 | -0.08 | 0.01 | -0.01 | 0 | 3.37 |
| Free Cash Flow | 0.04 | -2.45 | 1.01 | -1.39 | -1.09 | 0.23 | -0.67 | -1.4 | -1.45 | -0.16 | 2.37 | -3.74 |
| CFO/OP | 329 | 964 | -74 | 261 | 91 | -119 | 88 | 157 | 763 | 76 | -513 | -23 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 9.7 | 201 | 84.41 | 46.25 | 80.54 | 93.59 | 133 | 172 | 455 | 19.29 | 121 | 112 |
| Inventory Days | 0 | 781 | 2.7 | 0 | 59.95 | 0 | 0 | 0 | 0 | 0 | 0 | 1.91 |
| Days Payable | — | 985 | 95.94 | — | 280 | — | — | — | — | — | — | 73.19 |
| Cash Conversion Cycle | 9.7 | -2.6 | -8.83 | 46.25 | -140 | 93.59 | 133 | 172 | 455 | 19.29 | 121 | 40.54 |
| Working Capital Days | 30.51 | 2,384 | 36.6 | 160 | 535 | 833 | 822 | 3,328 | 2,185 | 639 | 143 | 48.22 |
| ROCE % | 1.95% | 1.47% | 1.27% | -2.2% | -9.3% | -1.95% | -7.38% | -10% | -1.24% | -0.75% | 13.95% | 13.93% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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53 extracted metrics + investor summaries across FY10–FY26.
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Company Information
Incorporated in 1974, Swadeshi Industries & Leasing Ltd is in the business of trading of various items.[1]
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