Latest news with #SanathanTextiles
Time of India
21 hours ago
- Business
- Time of India
Buy Sanathan Textiles, target price Rs 490: Axis Securities
Axis Securities has a buy call on Sanathan Textiles with a target price of Rs 490. The current market price of Sanathan Textiles is Rs 447.9. The time period given by the analyst is 3-6 months when Sanathan Textiles price can reach the defined target. Sanathan Textiles, incorporated in 2005, is a Small Cap company with a market cap of Rs 3778.35 crore, operating in the General sector. Sanathan Textiles' key products/revenue segments include Textiles, Scrap and Export Incentives for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 735.91 crore, down -1.69 % from last quarter Total Income of Rs 748.57 crore and down -3.88 % from last year same quarter Total Income of Rs 765.63 crore. The company has reported net profit after tax of Rs 43.65 crore in the latest quarter. The company's top management includes Vrajlal Dattani, Vallabhdas Dattani, Vrajdas Dattani, Vrajdas Dattani, Sarkar, Thanawalla, Vora, Aggarwal. Company has Walker Chandiok & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 8 crore shares outstanding. Live Events Investment Rationale While newly listed, Sanathan holds rich experience in the Industry and has built long-term relationships with major clients. Axis Securities expects the company to post a revenue growth of 47%/31% in FY26/FY27, with steady improvement in margins. Accordingly, the brokerage recommends a BUY rating on the stock with a target price of Rs 490/share, implying an upside of 11% from the CMP.
Mint
3 days ago
- Business
- Mint
Small-cap textile stock jumps 4% despite weak markets; experts see further upside. Do you own?
Small-cap textile stock Sanathan Textiles jumped 4 per cent in intraday trade on the BSE on Wednesday, June 18, defying weak market sentiment. Sanathan Textiles share price opened at ₹ 440 against its previous close of ₹ 441.95 and rose 3.8 per cent to an intraday high of ₹ 458.60. The small-cap stock, however, pared some gains and traded 1.7 per cent higher at ₹ 466.55 around 1:40 PM. Sanathan Textiles shares debuted on Indian bourses on December 27 last year. Against its issue price of ₹ 321, the small-cap stock has jumped 40 per cent. Year-to-date, the stock has gained 23 per cent. On a monthly scale, however, the stock is down about 3 per cent in June so far, looking set to snap its three-month gaining streak. Sanathan Textiles share price hit an all-time high of ₹ 487.95 on May 21 after hitting an all-time low of ₹ 287.05 on March 3 this year. Brokerage firm Axis Securities is bullish on the stock as it believes the company is well-placed to gain from industry tailwinds, capacity expansion and improved geographic reach. Axis underscored Sanathan holds rich experience in the Industry and has built long-term relationships with major clients. "We expect the company to post a revenue growth of 47 per cent, 31 per cent in FY26 and FY27, respectively, with steady improvement in margins. We recommend a buy rating on the stock with a target price of ₹ 490, implying an upside of 11 per cent," said Axis Securities. "The company's capacity expansion comes at the right time when the Indian textile sector is gaining traction, supported by government policies and global tailwinds such as the India-UK FTA and favourable tariff scenarios compared to global competitors. It aims to reach a topline of ₹ 4,600-4,800 crore with EBITDA margins of 10-11 per cent (which may improve further), marking remarkable growth compared to FY25," Axis Securities said. Axis highlighted that the upcoming Punjab plant is expected to be operational by Q1FY26 (Phase-I), increasing total capacity to 5.5 Lc MTPA by FY28 in a phased manner. "Its current capacities are running at optimum utilisation, and it expects to quickly ramp up the utilisation in the new facilities based on the expected demand," said Axis. Moreover, the brokerage firm pointed out that most of the customers for polyester yarn are concentrated in the North, and Sanathan is expected to gain a significant cost advantage due to reduced transportation costs. "The company is also expected to benefit from lower power and employee costs in the new facility, while raw material availability is expected to improve as key raw material suppliers are located in the same region. Overall, it expects to see considerable improvement in EBITDA margins coupled with revenue/volume growth," said Axis Securities. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Business Standard
27-05-2025
- Business
- Business Standard
Sanathan Textiles consolidated net profit declines 16.48% in the March 2025 quarter
Sales decline 3.17% to Rs 732.18 crore Net profit of Sanathan Textiles declined 16.48% to Rs 43.65 crore in the quarter ended March 2025 as against Rs 52.26 crore during the previous quarter ended March 2024. Sales declined 3.17% to Rs 732.18 crore in the quarter ended March 2025 as against Rs 756.13 crore during the previous quarter ended March 2024. For the full year,net profit rose 19.87% to Rs 160.45 crore in the year ended March 2025 as against Rs 133.85 crore during the previous year ended March 2024. Sales rose 1.39% to Rs 2998.61 crore in the year ended March 2025 as against Rs 2957.50 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 732.18756.13 -3 2998.612957.50 1 OPM % 9.2310.46 - 8.767.66 - PBDT 68.8783.39 -17 262.31225.80 16 PBT 57.3172.35 -21 216.45181.41 19 NP 43.6552.26 -16 160.45133.85 20
