Sreeleathers Limited (SREEL)
₹261.85 -4.99% last close, 23 Oct
Snapshot
Sreeleathers Limited closed at ₹261.85 on 23 Oct 2026, 18.7% above its 200-day average, with an RSI(14) of 38.5 and a P/E of 18.49. On the daily chart it is in a range, with a technical score of 20/100 (strong bearish). In the quarter ended June 2026, revenue grew 19.7% and net profit grew 138.2% from a year earlier. Data as of 23 Oct 2026.
Price
- Price
- ₹261.85
- Day change
- -4.99%
- Market Cap
- ₹606 Cr
- 52-week range
- ₹165.25 – ₹400.00
- From 52-week high
- -34.54%
Financials23 Oct 2026
- P/E
- 18.49
- P/B
- 1.22
- ROE
- 6.6%
- ROCE
- 8.0%
- Debt to Equity
- 0.00
- OPM
- 14.9%
- YoY qtr sales growth
- 19.7%
- YoY qtr profit growth
- 138.2%
- Dividend Yield
- 0.38%
Latest quarter Jun 2026 · Standalone
Technicals23 Oct 2026
- Trend
- Range
- Technical score
- 20/100 · Strong bearish
- MACD
- Bearish
- RSI (14)
- 38.51
- ADX (14)
- 18.27
- SuperTrend
- Bearish
- vs 20-day SMA
- -8.03%
- vs 50-day SMA
- -5.68%
- vs 200-day SMA
- +18.66%
- RS rating
- 86.00
- Nearest support
- ₹217.97
- Nearest resistance
- ₹270.00
Exchange activity23 Oct 2026
- Price band
- Lower band, 23 Oct
Events
- Latest results
- Q1 FY27, filed 14 Aug 2026
- Board meeting filing
- 14 Aug 2026
Exchange data. Each figure as its own page shows it; the dates are the data's. Information only, not investment advice.
📈 Share price & events
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Sreeleathers' revenue was ₹59.6 Cr (+19.7% year on year, -4.9% on the previous quarter), and net profit ₹7.0 Cr (+138.2% year on year); the operating margin was 14.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹59.6 | +19.7% | -4.9% |
| Operating profit | ₹8.9 | +124.3% | -10.4% |
| Net profit | ₹7.0 | +138.2% | -27.7% |
| EPS (₹) | 3.02 | +137.8% | -27.8% |
| Operating margin | 14.9% | — | — |
SREEL exchange data
NSE end-of-day data for
It closed at its lower price band (circuit) on 23 Oct, one of 3 band closes in about the last 20 sessions.
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
Sreeleathers Limited submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The certificate issued by Registrar and Share Transfer Agent Niche Technologies Private Limited confirms that share certificates received for dematerialisation were verified, cancelled, and substituted in the register of members. This is a recurring regulatory compliance filing with no operational or financial implications.
- Compliance certificate filed for the quarter ended September 30, 2026
- Confirmation provided under SEBI Regulation 74(5)
- RTA certificate dated October 6, 2026 received from Niche Technologies Private Limited
Sreeleathers Limited shareholders approved the appointment of Mr. Soham Dey (DIN: 11860996) as a Whole-time Director at the 35th AGM held on September 28, 2026. The appointment is for a tenure of 5 years effective September 28, 2026, subject to retirement by rotation. Mr. Dey, aged 27, holds degrees from Boston University and Kellogg School of Management, and is related to key promoter directors including Managing Director Satyabrata Dey. This forms part of the succession planning for the debt-free retail footwear company (TTM revenue ₹258 Cr).
- Shareholders approved the appointment of Mr. Soham Dey as Whole-time Director at the 35th AGM on September 28, 2026.
- Appointment is for a period of 5 years effective September 28, 2026, liable to retire by rotation.
- Mr. Dey is 27 years old with an MBA from Kellogg School of Management and Mechanical Engineering from Boston University.
- Related to MD Satyabrata Dey and Whole-time Directors Shipra Dey and Rochita Dey under Section 2(77) of the Companies Act, 2013.
Sreeleathers Limited completed its 35th Annual General Meeting on September 28, 2026. The meeting reviewed FY26 financial performance, including gross revenue of Rs 248.40 crore and net profit of Rs 28.74 crore. Resolutions placed before shareholders included the confirmation of an interim dividend of Rs 1 per share, approval of a final dividend of Rs 1 per share, and the appointment of Shri Soham Dey as Whole-time Director. Official voting outcomes will be disclosed separately upon receipt of the Scrutinizer's Report.
- Gross revenue of Rs 24,840.43 lakhs (Rs 248.40 cr) highlighted for FY26
- Net profit achieved of Rs 2,874.27 lakhs (Rs 28.74 cr) for FY26
- Shareholders considered declaration of a final dividend of Re 1 per share (FV Rs 10)
- Proposed appointment of Shri Soham Dey as Whole-time Director
Sreeleathers Limited has issued intimations under Regulation 36(1)(b) of SEBI LODR Regulations, providing web links to access the 35th AGM Notice and Annual Report for FY 2025-26. This communication is directed to shareholders whose email addresses are not registered with the company or depositories. The filing is standard regulatory compliance ahead of the upcoming Annual General Meeting.
- Intimation under Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015 issued on September 03, 2026
- Weblinks provided for accessing the Notice of the 35th Annual General Meeting and FY 2025-26 Annual Report
- Facilitates access for shareholders without registered email addresses with RTA or Depositories
- E-voting facility provided via CDSL at www.evotingindia.com
Sreeleathers Limited has issued the notice for its 35th Annual General Meeting (AGM) scheduled for September 28, 2026, alongside its FY 2025-26 Annual Report. The company confirmed an interim dividend of Re 1 per share (10%) and recommended a final dividend of Re 1 per share (10%), taking the total dividend to Rs 2 per share for FY26. The record date for determining shareholder eligibility for the final dividend and e-voting is set for September 21, 2026. Key special business includes the appointment of Mr. Soham Dey as a Whole-time Director for a 5-year term at a token salary of Re 1 per annum.
- 35th AGM scheduled for Monday, September 28, 2026, at 11:30 AM IST via VC/OAVM.
- Final dividend of Re 1/- per equity share (10%) recommended; record date fixed as September 21, 2026.
- Remote e-voting window opens September 25, 2026 (09:00 AM) and closes September 27, 2026 (05:00 PM).
- Appointment of Mr. Soham Dey as Whole-time Director for 5 years at a remuneration of Re 1/- per annum proposed.
Sreeleathers Limited has scheduled its 35th Annual General Meeting (AGM) for Monday, September 28, 2026, at 11:30 a.m. IST. The meeting will be conducted virtually through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in compliance with MCA and SEBI guidelines. This is a standard corporate compliance notification with no immediate operational or financial impact on the company's Rs 258 Cr TTM revenue base.
- 35th Annual General Meeting convened by Sreeleathers Limited
- AGM date scheduled for Monday, September 28, 2026
- Meeting time set for 11:30 a.m. IST via VC/OAVM mode
Sreeleathers Limited has scheduled its 35th Annual General Meeting (AGM) for Monday, September 28, 2026, via video conferencing. The company has fixed Monday, September 21, 2026, as the record date for determining shareholder eligibility for a final dividend of ₹1 per share. The share transfer books and register of members will remain closed from September 22, 2026, to September 28, 2026. Remote e-voting will run from September 25 to September 27, 2026.
- Final dividend declared at ₹1/- per equity share
- Record date and AGM voting cut-off date fixed as September 21, 2026
- 35th AGM scheduled for September 28, 2026, at 11:30 AM IST
- Book closure period set from September 22, 2026, to September 28, 2026
- Remote e-voting window open from September 25 (9:00 AM) to September 27 (5:00 PM)
Sreeleathers released its Q1 FY27 business update reporting a 19.7% YoY increase in revenue from operations to ₹59.63 Cr and a 138.2% YoY surge in net profit to ₹6.99 Cr. Operating EBITDA grew 124.3% YoY to ₹8.90 Cr as gross margins expanded by 773 bps to 25.5%. The company expanded its active franchised network to 34 stores across 8 states and expects Q2 FY27 revenue to track ~45% higher QoQ driven by festive demand.
- Revenue from operations rose 19.7% YoY to ₹59.63 Cr compared to ₹49.80 Cr in Q1 FY26
- Profit after tax surged 138.2% YoY to ₹6.99 Cr with PAT margin expanding 583 bps to 11.7%
- Operating EBITDA grew 124.3% YoY to ₹8.90 Cr as gross margins improved to 25.5% (+773 bps YoY)
- Active store network expanded to 34 stores across 8 states (+36% since April 2024)
- Management projects Q2 FY27 revenue to run approximately 45% ahead of Q1 FY27 on early festive footfall
Sreeleathers reported a strong 138.2% YoY increase in standalone net profit to Rs 6.99 Cr (Rs 698.69 lakh) for Q1 ended June 30, 2026, compared to Rs 2.93 Cr in Q1 FY26. Revenue from operations rose 19.7% YoY to Rs 59.63 Cr against Rs 49.80 Cr in the year-ago quarter. Diluted EPS expanded to Rs 3.02 from Rs 1.27 YoY. Additionally, the board approved a final dividend of Re 1 per share with a record date of September 21, 2026, and appointed Mr. Soham Dey as Whole-time Director for 5 years, subject to shareholder approval.
- Revenue from operations grew 19.7% YoY to Rs 59.63 Cr (Rs 5,962.50 lakh) in Q1 FY27
- Net profit surged 138.2% YoY to Rs 6.99 Cr (Rs 698.69 lakh) compared to Rs 2.93 Cr in Q1 FY26
- Basic and diluted EPS grew to Rs 3.02 for the quarter versus Rs 1.27 in the corresponding quarter last year
- Final dividend of Re 1/- per equity share confirmed with Record Date set as September 21, 2026
- Appointed Mr. Soham Dey as Additional and Whole-time Director for a 5-year term subject to AGM approval
Shareholders of Sreeleathers Limited (SREEL) have approved the appointment of Mr. Bhaskar Chatterjee as an Independent Director for a five-year term. The special resolution was passed via postal ballot with an overwhelming 99.86% of votes in favor. The promoter group, which holds 75% of the company, voted 100% in favor of the appointment. This move ensures the company remains compliant with board governance regulations.
- Special resolution passed with 99.86% votes in favor (16,056,876 votes)
- Mr. Bhaskar Chatterjee appointed as Independent Director for a 5-year term
- Total of 11,288 shareholders were on record as of the July 03, 2026, record date
- Promoter group voted 13,646,269 shares, representing 100% support from the group
Sreeleathers Limited has issued a postal ballot notice to seek shareholder approval for the appointment of Mr. Bhaskar Chatterjee as an Independent Director for a five-year term. Mr. Chatterjee brings over 30 years of experience in the FMCG and retail sectors, having held senior roles at Bata India and Hindustan Unilever. A special resolution is required as he will attain the age of 75 on March 15, 2027. The e-voting period is scheduled from July 14, 2026, to August 12, 2026.
- Appointment of Mr. Bhaskar Chatterjee as Independent Director for a 5-year term starting May 29, 2026.
- Candidate possesses over 30 years of retail industry experience including stints at Bata India and Raymond.
- Special resolution required due to the appointee reaching the age of 75 on March 15, 2027.
- E-voting period runs for 30 days, concluding on August 12, 2026.
- Cut-off date for voting eligibility was Friday, July 3, 2026.
Sreeleathers Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by Niche Technologies Pvt. Ltd., confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed and cancelled. This is a standard administrative filing required for all listed companies to ensure the integrity of electronic shareholding records. There is no impact on the company's financial performance or business operations.
- Compliance certificate issued for the quarter ended June 30, 2026
- Registrar & Share Transfer Agent (RTA) Niche Technologies Pvt. Ltd. issued the confirmation on July 6, 2026
- Confirms that physical share certificates were mutilated and cancelled after dematerialization
- The company maintains a strong balance sheet with a net worth of Rs 498 Cr as per latest context
Sreeleathers Limited has approved a postal ballot to seek shareholder approval for the appointment of Mr. Bhaskar Chatterjee as an Independent Director. The board meeting held on July 06, 2026, also appointed a scrutinizer for the voting process. E-voting will be open for 30 days, concluding on August 12, 2026, with results expected by August 14, 2026. This is a routine governance action for the company, which maintains a strong net worth of ₹498 Cr and is virtually debt-free.
- Board approved the appointment of Mr. Bhaskar Chatterjee (DIN-11607714) as an Independent Director via special resolution.
- Cut-off date for identifying members eligible for voting was July 03, 2026.
- E-voting period is scheduled from July 14, 2026 (9:00 AM) to August 12, 2026 (5:00 PM).
- Final results of the postal ballot process will be declared on or before August 14, 2026.
- The board meeting was conducted within a 45-minute window from 5:30 PM to 6:15 PM.
Sreeleathers Limited has announced the closure of its trading window for designated persons starting July 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is for the quarter ending June 30, 2026, and will remain in effect until 48 hours after the financial results are declared. This is a standard administrative procedure for all listed entities. The company currently maintains a strong financial position with a TTM revenue of ₹248 Cr and a debt-free balance sheet (D/E 0.00).
- Trading window closure effective from July 1, 2026, for the quarter ended June 30, 2026.
- Window to remain closed until 48 hours after the declaration of financial results.
- Company reported a TTM PAT of ₹29 Cr and EPS of ₹12.42 as per recent financial context.
- Promoter holding remains stable at 75.0% as of March 2026.
Sreeleathers Limited reported a strong financial performance for the fiscal year ended March 31, 2026, with annual revenue growing 12.4% to ₹248.4 crore. Net profit for the full year rose significantly by 27.3% to ₹28.7 crore, supported by a sharp 82.6% growth in Q4 profits. The Board has recommended a final dividend of ₹1 per share (10% of face value). Additionally, the company has strengthened its board by appointing retail industry veteran Mr. Bhaskar Chatterjee as an Independent Director.
- Annual Revenue from operations increased 12.4% YoY to ₹24,840.43 Lakhs.
- Net Profit for FY26 grew by 27.3% to ₹2,874.27 Lakhs from ₹2,257.13 Lakhs in the previous year.
- Q4 FY26 Net Profit surged 82.6% YoY to ₹967.12 Lakhs compared to ₹529.48 Lakhs in Q4 FY25.
- Board recommended a final dividend of ₹1 per equity share of ₹10 each.
- Earnings Per Share (EPS) improved to ₹12.41 for FY26 from ₹9.75 in FY25.
Company profilewritten 14 Dec 2025
Financial Performance
Revenue Growth by Segment
The company operates in a single segment (Footwear and Leather). Revenue from operations for H1 FY26 reached INR 124.81 Cr, representing a 12.08% YoY growth compared to INR 111.36 Cr in H1 FY25. Q2 FY26 revenue was INR 74.77 Cr, up 19.33% from INR 62.66 Cr in Q2 FY25.
Geographic Revenue Split
Not disclosed in available documents; however, the company is headquartered in Kolkata, West Bengal, which serves as its primary operational hub.
Profitability Margins
Net Profit Margin for FY25 was 10.26%, a decline from 12.33% in FY24. Operating Profit Margin also decreased to 14.70% in FY25 from 16.98% in FY24, indicating rising operational costs or pricing pressures in the retail footwear market.
EBITDA Margin
Operating Profit Margin stood at 14.70% for FY25, reflecting a 13.43% YoY decrease from 16.98%. This compression suggests that while sales are 'satisfactory,' the cost of goods sold or administrative overheads are growing faster than top-line revenue.
Capital Expenditure
Total Property, Plant, and Equipment (including Right of Use Assets) was valued at INR 148.84 Cr as of September 30, 2025, compared to INR 149.27 Cr in March 2025, suggesting minimal new net CapEx during the half-year period.
Credit Rating & Borrowing
The company maintains a very low Debt-Equity Ratio of 0.01 (with leases considered as debt). Interest Coverage Ratio improved to 143.01 in FY25 from 123.28 in FY24, indicating extremely high capacity to meet interest obligations from earnings.
Operational Drivers
Raw Materials
Leather, rubber, and synthetic materials used for footwear and accessories. Specific percentage of total cost for each material is not disclosed.
Import Sources
Not specifically disclosed in the documents, though the company notes that availability and pricing of raw materials are crucial factors for operational stability.
Capacity Expansion
Not disclosed in available documents; however, the company maintains a significant asset base with Property, Plant, and Equipment valued at INR 148.84 Cr.
Raw Material Costs
Raw material costs are a 'crucial factor' impacting operations. While specific YoY % changes for procurement are not listed, the decline in Net Profit Margin from 12.33% to 10.26% suggests higher input or procurement costs.
Strategic Growth
Expected Growth Rate
12%
Growth Strategy
Growth is driven by maintaining 'satisfactory' sales performance and leveraging a strong balance sheet with INR 473.89 Cr in equity. The strategy involves managing cyclical demand trends and focusing on society-centric contributions (CSR) to build brand equity, alongside maintaining a nearly debt-free status to allow for flexible capital allocation.
Products & Services
Footwear (shoes, sandals), leather bags, belts, and other leather accessories.
Brand Portfolio
Sreeleathers
External Factors
Industry Trends
The industry is subject to cyclical demand and pricing trends. The company is positioning itself by maintaining high liquidity, with Current Assets of INR 343.28 Cr as of September 2025, to navigate market fluctuations.
Competitive Landscape
The company faces competition in the primary footwear markets, evidenced by the pressure on margins (Net Profit Margin down to 10.26%).
Competitive Moat
The company's moat is built on its strong brand recognition in the leather footwear segment and a robust, debt-free balance sheet (Debt-Equity 0.01), which provides a significant margin of safety against industry downturns.
Macro Economic Sensitivity
Highly sensitive to economic developments in India and changes in consumer spending patterns, as footwear is a consumer-discretionary item.
Consumer Behavior
Demand is cyclical, meaning revenue is likely tied to festive seasons and wedding periods in India.
Regulatory & Governance
Industry Regulations
Operations are impacted by alterations in government regulations and tax regimes related to the leather and footwear industry.
Taxation Policy Impact
The company is subject to Indian corporate tax laws and GST regimes. Current Tax Assets stood at INR 0.33 Lakhs as of September 2025.
Legal Contingencies
The company has disclosed the impact of pending litigation on its financial position as of March 31, 2025, though specific case values were not detailed in the summary.
Risk Analysis
Key Uncertainties
Raw material price volatility and cyclical demand are the primary risks. A 25% or greater change in key ratios like Inventory Turnover (which increased 27.83%) indicates potential risks in working capital efficiency.
Geographic Concentration Risk
Not disclosed, but likely concentrated in Eastern India based on the Kolkata headquarters.
Third Party Dependencies
Dependency on raw material suppliers is noted as a 'crucial factor,' though no specific vendor names are provided.
Technology Obsolescence Risk
The company uses accounting software with database-level logging to prevent unauthorized data changes, indicating a focus on digital integrity for financial reporting.
Credit & Counterparty Risk
Trade receivables are low at INR 77.88 Lakhs (Sept 2025) compared to revenue, indicating a primarily cash-and-carry retail model with low credit risk. Debtors to Sales ratio is only 0.68 days.
