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Standard Industries Limited (SIL)

₹14.94 -2.86% last close, 16 Oct

📊 NSE: SIL 🏢 Real Estate related services 📢 Latest filing: 19 Aug 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, Standard Industries' revenue was ₹9.7 Cr (+10.0% year on year, +25.7% on the previous quarter), and net profit ₹-7.2 Cr (a bigger loss than a year earlier); the operating margin was -40.6%.

Q4 FY26 (₹ Cr)	Value	YoY vs Q4 FY25	QoQ
Revenue	₹9.7	+10.0%	+25.7%
Operating profit	₹-4.0	loss widened	loss narrowed
Net profit	₹-7.2	loss widened	loss widened
EPS (₹)	-1.12	loss widened	loss widened
Operating margin	-40.6%	—	—

Full quarterly financials → Results calendar →

SIL delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 78.61% of the SIL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 74.31%. That is close to its usual level. Turnover was only ₹9 lakh, so a handful of trades can move this figure.

78.61%Delivery, 16 Oct

74.31%Own 20-session average

1.1×Volume vs its average

₹14.94NSE close · -2.86%

Delivery in the last 5 sessions: 89.0% · 77.2% · 76.2% · 85.9% · 78.6%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Standard Industries Re-Appoints Khurshed Thanawalla as Independent Director for 5-Year Term

🟡 NEUTRAL ⭐ 2/10

MANAGEMENT 📅 19 Aug 2026, 03:14 PM

Standard Industries Limited has announced that shareholders approved the re-appointment of Shri Khurshed Thanawalla as a Non-Executive Independent Director at the 129th AGM held on August 18, 2026. The re-appointment is for a second five-year term commencing from May 19, 2027 up to May 18, 2032 upon completion of his current term. Shri Thanawalla brings over 40 years of industry experience across textiles, shipping, and trading sectors. This is a routine governance update ensuring board continuity.

Shareholders approved re-appointment of Shri Khurshed Thanawalla at the 129th AGM on August 18, 2026
Term is for 5 years effective from May 19, 2027 to May 18, 2032
Director has over 4 decades of experience across textile, shipping, and trading industries
Company confirms the director is not debarred from holding office by SEBI or any other authority

💡 Track subsequent statutory filings and upcoming quarterly financial performance, as this is a routine director re-appointment with no immediate operational impact.

Standard Industries Shareholders Approve All 4 AGM Resolutions Including ₹0.25/Share Final Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Aug 2026, 01:11 PM

Standard Industries Limited has submitted voting results and the Scrutinizer's report for its 129th Annual General Meeting held on August 18, 2026. All 4 resolutions were approved with overwhelming majorities (>99.6% votes in favor), representing a voter turnout of 59.37% of outstanding shares. Key resolutions passed include the adoption of FY26 financial statements, approval of a ₹0.25 per share final dividend (confirming total FY26 dividend of ₹0.80 per share), re-appointment of director Smt. Divya P. Mafatlal, and the 5-year re-appointment of Independent Director Shri Khurshed Thanawalla from May 2027.

All 4 AGM resolutions passed with over 99.69% of polled votes in favor
Shareholders approved a final dividend of ₹0.25 per equity share and confirmed ₹0.55 per share interim dividend for FY26
Total voter turnout stood at 59.37% (3,81,95,040 votes polled out of 6,43,28,941 total shares)
Re-appointment of Independent Director Khurshed Thanawalla approved for 5 years effective May 19, 2027 to May 18, 2032

💡 Track the disbursement timeline for the approved ₹0.25 final dividend and monitor subsequent quarterly earnings for progress on property asset monetization given ongoing net losses.

Standard Industries Concludes 129th AGM; Approves ₹0.25/Share Final Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Aug 2026, 04:42 PM

Standard Industries Limited conducted its 129th Annual General Meeting (AGM) on August 18, 2026 via video conferencing. Shareholders transacted ordinary business, including the adoption of FY26 audited financial statements and approval of a ₹0.25 per share final dividend (following a ₹0.55 interim dividend already paid). The meeting also considered the re-appointment of director Smt. Divya P. Mafatlal and the extension of Independent Director Shri Khurshed Thanawalla's term for 5 years from May 2027 to May 2032.

129th AGM conducted successfully on August 18, 2026, via Video Conferencing.
Approved final dividend of ₹0.25 per equity share, confirming total FY26 dividend alongside ₹0.55 interim dividend.
Considered re-appointment of Shri Khurshed Thanawalla as Independent Director for a 5-year term from May 19, 2027, to May 18, 2032.
Voting results and Scrutinizer's Report to be submitted separately to stock exchanges.

💡 Track the formal disclosure of Scrutinizer's voting results and the record/payout timeline for the approved ₹0.25 per share final dividend.

₹79.63 Cr Net Profit in Q1 FY27; Property Division Drives Massive Revenue Surge

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 10 Aug 2026, 02:02 PM

Standard Industries Limited (SIL) reported a massive turnaround in Q1 FY27, with standalone revenue surging to ₹189.67 Cr from just ₹7.97 Cr in the same quarter last year. This growth was almost entirely driven by the Property Division, which contributed ₹181.02 Cr. Consequently, the company posted a net profit of ₹79.63 Cr, a significant recovery from a loss of ₹1.04 Cr YoY. This single quarter's revenue is approximately 5.5x the company's total TTM revenue of ₹34 Cr, though it was partially offset by a ₹13.76 Cr provision for electricity duty following an adverse Supreme Court ruling.

Standalone revenue increased to ₹189.67 Cr in Q1 FY27 from ₹7.97 Cr in Q1 FY26.
Property Division contributed ₹181.02 Cr to revenue, compared to zero in the previous four quarters.
Net profit stood at ₹79.63 Cr, representing nearly 71% of the company's current market capitalization of ₹112 Cr.
Provision of ₹13.76 Cr made for electricity duty liabilities following a Supreme Court order against the company.
Board recommended a final dividend of ₹0.25 per equity share (5% on face value of ₹5).

💡 Investors should monitor the company's remaining property inventory to determine if this revenue spike is a one-off liquidation or a recurring development business. Additionally, watch for the outcome of the review petition regarding the ₹13.76 Cr electricity duty provision.

Standard Industries to Approve ₹0.25 Final Dividend at 129th AGM on August 18, 2026

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 21 Jul 2026, 05:25 PM

Standard Industries Limited (SIL) has scheduled its 129th Annual General Meeting for August 18, 2026. The company is seeking shareholder approval for a final dividend of ₹0.25 per share, which, combined with the ₹0.55 interim dividend already paid, brings the total FY26 payout to ₹0.80 per share (approx. 5% yield). This payout comes despite a TTM net loss of ₹20 Cr and a negative operating margin of -39.5%, indicating a reliance on the company's ₹167 Cr net worth and property asset liquidation strategy.

Proposed final dividend of ₹0.25 per share for FY 2025-26.
Total FY26 dividend of ₹0.80 per share represents a 5.03% yield on the current price of ₹15.9.
Special resolution proposed to re-appoint 83-year-old Khurshed Thanawalla as Independent Director for a 5-year term until 2032.
Company reported a significant net loss of ₹7.21 Cr for the quarter ended March 2026.
Property Division assets valued at ₹64.78 Cr are being targeted for liquidation to generate liquidity.

💡 Investors should monitor the AGM voting results regarding director re-appointments and track the progress of property asset liquidations, which are critical for sustaining dividends given the loss-making core operations.

Standard Industries Submits Routine SEBI Dematerialization Certificate for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Jul 2026, 05:02 PM

Standard Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by KFin Technologies Limited, confirms that all share certificates received for dematerialization during the quarter ended June 30, 2026, were processed within the required 15-day timeframe. This is a standard administrative filing confirming the integrity of the company's share registry. Financially, the company remains in a stressed position with a TTM PAT of Rs -20 Cr against a revenue of Rs 34 Cr.

Compliance certificate issued for the quarter ended June 30, 2026
Confirmation that security certificates were mutilated and cancelled within 15 days of receipt
Registrar and Share Transfer Agent (RTA) involved is KFin Technologies Limited
TTM revenue stands at Rs 34 Cr with a negative operating profit margin of -39.5%

💡 This is a procedural filing with no impact on business fundamentals. Investors should monitor the company's asset liquidation progress in its Property Division, valued at approximately Rs 64.78 Cr, to address ongoing losses.

Standard Industries Limited Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Jun 2026, 01:45 PM

Standard Industries Limited (SIL) has announced the closure of its trading window for all designated persons and their relatives starting July 1, 2026. This move is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's Q1 financial results. The window will remain closed until 48 hours after the unaudited financial results for the quarter ending June 30, 2026, are declared. The specific date for the board meeting to approve these results is yet to be announced.

Trading window closure effective from July 1, 2026, for the quarter ending June 30, 2026.
Applies to all Directors, Designated Persons, and their immediate relatives as per SEBI regulations.
Window to reopen 48 hours after the declaration of the unaudited financial results.
Board meeting date for result approval will be communicated in due course.

💡 This is a routine regulatory announcement with no direct impact on the company's valuation. Investors should monitor for the upcoming board meeting date to review the Q1 financial performance.

Standard Industries Reports Full Regulatory Compliance in FY26 Secretarial Audit

🟢 POSITIVE ⭐ 4/10

REGULATORY 📅 14 May 2026, 04:46 PM

Standard Industries Limited (SIL) has submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The independent audit conducted by S K Dwivedi & Associates confirms that the company has adhered to all applicable SEBI regulations, including LODR and Insider Trading norms. No deviations, penalties, or adverse observations were reported by the practicing company secretary. This clean report reinforces the company's standing regarding corporate governance and statutory transparency.

Zero instances of non-compliance or deviations reported for the financial year ended March 31, 2026
No fines or actions were taken by SEBI or Stock Exchanges against the company, promoters, or directors
Standard Salt Works Limited identified as a material unlisted subsidiary for the review period
Full compliance confirmed for SEBI (Prohibition of Insider Trading) and SEBI (LODR) Regulations
All required policies were adopted and updated in conformity with SEBI guidelines

💡 Investors should take confidence in the company's clean compliance record, which indicates strong internal controls and governance. No immediate portfolio action is required based on this routine but positive regulatory filing.

Standard Industries Transfers Development Rights for ₹169.51 Cr and 25,774 Sq. Ft. Area

🟢 POSITIVE ⭐ 8/10

OTHER 📅 14 May 2026, 04:35 PM

Standard Industries Limited (SIL) has executed a deed to transfer development rights of its land in Dadar West, Mumbai, to Prabhadevi Developer Private Limited. The deal includes a cash consideration of ₹169.51 crore payable in tranches and the handover of four residential flats totaling 25,774.61 sq. ft. along with 16 parking spaces. This transaction allows the company to monetize its real estate assets while retaining a significant portion of the newly developed property. The developer will manage all construction and sales, while SIL has already secured the necessary initial approvals.

Total cash consideration of ₹169.51 crore to be received in tranches
Company to receive 4 residential flats admeasuring 25,774.61 sq. ft. RERA carpet area
Development rights pertain to 1937.30 sq. mtrs of land in prime Dadar West, Mumbai
Transaction is with a non-related party (Prabhadevi Developer Private Limited)
Developer to bear all construction, marketing, and sales responsibilities and costs

💡 Investors should view this as a significant liquidity event that strengthens the balance sheet; monitor the company's plans for the ₹169 crore cash inflow. The retention of high-value Mumbai real estate provides further long-term asset value.

Standard Industries to Monetize Dadar Land for ₹169.5 Cr; Recommends ₹0.25 Dividend

🟢 POSITIVE ⭐ 8/10

OTHER 📅 13 May 2026, 07:15 PM

Standard Industries has approved the transfer of development rights for its 1,937.30 sq. mtrs land in Dadar West, Mumbai, to Prabhadevi Developer Private Limited. The company will receive a cash consideration of ₹169.51 crore in tranches plus 25,774.61 sq. ft. of residential RERA carpet area, including four flats and sixteen parking spaces. Additionally, the board has recommended a final dividend of ₹0.25 per share for FY 2025-26. This major asset monetization is expected to significantly boost the company's liquidity and balance sheet.

Approved transfer of development rights for land in Dadar West for ₹169.51 crore cash consideration.
Company to receive 25,774.61 sq. ft. of residential carpet area (4 flats and 16 parking spaces) in the new project.
Recommended a final dividend of ₹0.25 per equity share (5% of face value) for FY 2025-26.
Record date for dividend entitlement fixed as August 11, 2026.
Re-appointed Shri Khurshed Thanawalla as Non-Executive Independent Director for a five-year term starting May 2027.

💡 Investors should monitor the execution of the definitive deed and the timeline for the ₹169.5 crore cash inflow, which represents a significant value unlocking event. The dividend and asset sale provide a positive outlook for short-term liquidity and shareholder returns.

Standard Industries to Monetize Dadar Land for ₹169.51 Cr; Recommends ₹0.25 Dividend

🟢 POSITIVE ⭐ 8/10

M&A 📅 13 May 2026, 07:12 PM

Standard Industries has approved a significant asset monetization deal by transferring development rights of its Dadar, Mumbai land to Prabhadevi Developer Private Limited for ₹169.51 Crores. In addition to the cash consideration, the company will receive 25,774.61 sq. ft. of residential carpet area, including four flats and sixteen parking spaces. The board has also recommended a final dividend of ₹0.25 per share for FY 2025-26, with the record date set for August 11, 2026. This transaction represents a major liquidity event for the company relative to its historical operations.

Assignment of development rights for 1,937.30 sq. mtrs land in Dadar West for a cash consideration of ₹169.51 Crores.
Company to receive an additional 25,774.61 sq. ft. of RERA carpet area in the newly developed residential building.
Recommended a final dividend of ₹0.25 per equity share on 6.43 crore shares for the financial year 2025-26.
Record date for dividend entitlement is fixed as August 11, 2026, with payment scheduled by September 17, 2026.
Board approved audited financial results for FY 2025-26 with an unmodified opinion from statutory auditors.

💡 Investors should view the ₹169.51 crore land deal as a substantial value-unlocking event that significantly strengthens the company's cash position. Monitor the execution of the Deed of Assignment and the specific schedule of cash tranches to assess the timing of cash inflows.

Standard Industries to Monetize Dadar Land for ₹169.5 Cr; Recommends ₹0.25 Dividend

🟢 POSITIVE ⭐ 8/10

BOARD_MEETING 📅 13 May 2026, 06:57 PM

Standard Industries Limited (SIL) has approved a significant asset monetization deal, transferring development rights of its Dadar, Mumbai land for a cash consideration of ₹169.51 crore. In addition to the cash, the company will receive 25,774.61 sq. ft. of residential RERA carpet area, comprising four flats and sixteen parking spaces in the upcoming project. The Board also recommended a final dividend of ₹0.25 per share for FY 2025-26, reflecting a 5% payout on the face value. These moves, alongside the approval of audited FY26 results, indicate a strong focus on unlocking shareholder value through real estate assets.

Transfer of development rights for 1,937.30 sq. mtrs of land in Dadar West for ₹169.51 crore in cash.
Entitlement to 25,774.61 sq. ft. of residential RERA carpet area and 16 car parking spaces in the new development.
Recommendation of a final dividend of ₹0.25 per equity share for the financial year ended March 31, 2026.
Record date for dividend entitlement fixed for August 11, 2026, with payment by September 17, 2026.
Proposed re-appointment of Shri Khurshed Thanawalla as Independent Director for a five-year term starting May 2027.

💡 Investors should track the execution of the Deed of Assignment as the ₹169.5 crore cash inflow and real estate allocation represent significant value unlocking. The dividend provides a modest yield, but the primary catalyst is the successful monetization of the Mumbai land parcel.

Standard Industries to Monetize Dadar Land for ₹169.51 Cr; Declares ₹0.25 Dividend

🟢 POSITIVE ⭐ 8/10

BOARD_MEETING 📅 13 May 2026, 06:38 PM

Standard Industries Limited (SIL) has approved a significant real estate transaction to transfer development rights of its Dadar land for a cash consideration of ₹169.51 crore. In addition to the cash, the company will receive four residential flats totaling 25,774.61 sq. ft. of RERA carpet area and sixteen parking spaces. The board also recommended a final dividend of ₹0.25 per share for FY 2025-26. Furthermore, the company re-appointed its internal auditors and proposed a five-year term extension for an independent director.

Approved transfer of development rights for Dadar land for ₹169.51 crore in cash tranches.
Company to receive 25,774.61 sq. ft. of residential carpet area (4 flats) in the new development.
Recommended a final dividend of ₹0.25 per equity share (5% of face value) for FY 2025-26.
Statutory Auditors M/s. R. S. Gokani & Co. issued an unmodified opinion for the FY26 financial results.
Re-appointed M/s Bhatia & Poojari as Internal Auditors for the financial year 2026-27.

💡 The land monetization deal is a major liquidity event that provides substantial cash flow and asset value relative to the company's scale. Investors should monitor the formal execution of the Deed of Assignment and the impact of this cash inflow on future growth or debt reduction.

Standard Industries to Receive ₹169.5 Cr and Real Estate Assets in Dadar Land Deal; Dividend Declared

🟢 POSITIVE ⭐ 8/10

BOARD_MEETING 📅 13 May 2026, 05:54 PM

Standard Industries Limited has approved the transfer of development rights for its 1937.30 sq. mtrs land in Dadar West, Mumbai, to Prabhadevi Developer Private Limited. The company will receive a cash consideration of ₹169.51 Crores in tranches plus 25,774.61 sq. ft. of residential RERA carpet area (4 flats and 16 car parks) in the new project. Additionally, the Board has recommended a final dividend of ₹0.25 per share for FY 2025-26. These moves represent a significant monetization of the company's real estate portfolio.

Monetization of Dadar West land for ₹169.51 Crores in cash consideration
Allocation of 25,774.61 sq. ft. residential carpet area in the upcoming project
Final dividend of ₹0.25 per equity share recommended for FY 2025-26
Record date for dividend entitlement fixed for August 11, 2026
Re-appointment of Shri Khurshed Thanawalla as Independent Director for a 5-year term

💡 Investors should track the execution of the Deed of Assignment and the schedule of cash inflows, as this deal significantly enhances the company's liquidity and net asset value. The stock may see positive momentum due to the substantial cash and real estate assets being unlocked.

Standard Industries Receives Annual Promoter Share Encumbrance Disclosure

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 16 Apr 2026, 05:47 PM

Stanrose Mafatlal Investments & Finance Limited, a promoter entity of Standard Industries Limited, has submitted its annual disclosure under Regulation 31(4) of the SEBI (SAST) Regulations. This mandatory filing confirms that the promoter, along with persons acting in concert, has not made any new encumbrances on their shareholding during the financial year. The disclosure ensures transparency regarding the status of promoter share pledges. Such filings are standard procedure for listed companies following the close of a financial year.

Disclosure submitted by promoter Stanrose Mafatlal Investments & Finance Limited.
Compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Confirms no undisclosed pledges or encumbrances were created during the fiscal year.
The filing serves as a routine annual transparency measure for shareholders.

💡 No action is required as this is a routine regulatory compliance filing confirming the absence of new share pledges. Investors should simply note the continued transparency regarding promoter holdings.

View All SIL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

For the 6 months ended September 30, 2025, the Trading segment revenue grew 60.6% YoY to INR 1,407.37 Lakhs from INR 876.20 Lakhs. The Manufacturing segment revenue grew 7.7% YoY to INR 280.40 Lakhs from INR 260.32 Lakhs. Total revenue from operations for FY 2024-25 was INR 2,234.98 Lakhs, a 17.3% increase from INR 1,905.48 Lakhs in FY 2023-24.

Geographic Revenue Split

Not disclosed in available documents; however, the company operates out of Mumbai, Maharashtra.

Profitability Margins

The company reported a Loss Before Tax of INR 666.28 Lakhs for Q2 FY26 compared to a loss of INR 137.69 Lakhs in the corresponding previous quarter, representing a significant widening of losses. Net Profit Margin is currently negative due to operational losses and high unallocable expenses of INR 3,628.48 Lakhs.

EBITDA Margin

Core profitability is under pressure; the Trading segment generated a profit of INR 65.06 Lakhs for 6M FY26 (4.6% margin), while the Manufacturing segment generated a marginal profit of INR 2.79 Lakhs (1% margin). The Property Division recorded a loss of INR 83.99 Lakhs.

Capital Expenditure

Not explicitly disclosed as a forward-looking figure, but the company holds significant investment in leasehold rights to salt pans through its subsidiary, Standard Salt Works Limited, valued at INR 5,969.82 Lakhs.

Credit Rating & Borrowing

The company reported interest on loans from NBFCs and other finance costs in its cash flow statement. Total liabilities increased 44.1% to INR 4,395.82 Lakhs as of September 30, 2025, from INR 3,050.20 Lakhs in March 2025.

⚙️ Operational Drivers

Raw Materials

Specific raw material names for manufacturing are not listed, but the business involves salt pans (Standard Salt Works) and general trading activities.

Capacity Expansion

Current focus is on the long-term strategic nature of leasehold rights to salt pans. No specific capacity expansion in MT or units is provided in the text.

Raw Material Costs

Not disclosed as a specific percentage of revenue, but manufacturing segment results show low profitability (INR 2.79 Lakhs profit on INR 280.40 Lakhs revenue), suggesting high input or operational costs.

Manufacturing Efficiency

Manufacturing segment revenue is relatively small (INR 280.40 Lakhs for 6M FY26) compared to Trading (INR 1,407.37 Lakhs), indicating lower scale or efficiency in the manufacturing arm.

📈 Strategic Growth

Growth Strategy

The company is focusing on liquidating assets in its Property Division (valued at INR 6,478.63 Lakhs) based on market conditions to generate liquidity. It also maintains a long-term strategic investment in Standard Salt Works Limited to leverage growth prospects in the salt business.

Products & Services

Salt (via subsidiary Standard Salt Works Limited), Trading of various goods, and Property development/liquidation services.

Brand Portfolio

Standard Industries Limited, Standard Salt Works Limited.

Strategic Alliances

Wholly owned subsidiary: Standard Salt Works Limited (Investment of INR 5,969.82 Lakhs).

🌍 External Factors

Industry Trends

The company is shifting away from active manufacturing (low revenue contribution) toward trading and asset liquidation. The salt industry is viewed as a 'long term strategic' area.

Competitive Landscape

The company operates in Trading, Manufacturing, and Property, facing competition in each fragmented sector.

Competitive Moat

The primary moat is the ownership of leasehold rights to salt pans through its subsidiary, which are considered long-term strategic assets with growth prospects.

Macro Economic Sensitivity

The Property Division is highly sensitive to real estate market conditions, as the company intends to liquidate these assets based on 'market condition'.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Salt pan operations are subject to specific leasehold regulations.

Taxation Policy Impact

The company has material 'Uncertain Tax Positions' including matters under dispute which involve significant judgment for outcome determination (Note 39).

Legal Contingencies

The company has pending litigations disclosed in Note 39. Auditors highlighted 'Evaluation of Uncertain Tax Positions' as a Key Audit Matter due to the significant judgment required to estimate potential liabilities.