🔍

SUPERHOUSE - Superhouse Ltd

📊 NSE: SUPERHOUSE 🏢 Leather / Leather Products 📅 Last Updated: 12/14/2025 13:52

📢 Recent Corporate Announcements

Superhouse Q3 FY26 Standalone Net Profit Surges to ₹12.35 Cr, Aided by Asset Sale

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 14 Feb 2026, 02:37 PM

Superhouse Limited reported a standalone revenue of ₹125.62 crore for the quarter ended December 31, 2025, a marginal 2% increase year-on-year. Standalone Net Profit saw a significant boost to ₹12.35 crore, largely driven by an exceptional gain of ₹6.20 crore from the sale of land and buildings. On a consolidated basis, Profit Before Tax improved to ₹3.91 crore compared to ₹1.94 crore in the same period last year. The company utilized the asset sale to improve liquidity and consolidate operations for better efficiency.

Standalone Net Profit reached ₹12.35 crore in Q3 FY26, significantly higher than previous periods due to asset monetization.
Exceptional gain of ₹6.20 crore realized from the sale of land and building to optimize operational synergies.
Consolidated revenue stood at ₹171.39 crore, showing steady performance compared to ₹169.63 crore in Q3 FY25.
Leather & Leather Products segment remains the primary revenue driver, contributing ₹149.09 crore to consolidated turnover.
Standalone Basic EPS for the quarter stood at ₹11.20, up from ₹3.58 in the previous quarter.

💡 Investors should recognize that the sharp profit increase is primarily due to a one-time exceptional gain from an asset sale rather than core operational growth. Monitor the company's ability to improve margins through its newly consolidated operational structure in future quarters.

Superhouse Limited Reports Full SDD Compliance for Q3 FY26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 05 Jan 2026, 06:59 PM

Superhouse Limited has filed its compliance certificate for the Structured Digital Database (SDD) for the quarter ended December 31, 2025. The company confirmed that it successfully captured 02 required events related to quarterly financial results in accordance with SEBI Insider Trading regulations. The database is maintained internally, is non-tamperable, and features an audit trail with 8-year record retention. No instances of non-compliance were reported during the period, indicating adherence to corporate governance standards.

Confirmed 100% compliance with SEBI (Prohibition of Insider Trading) Regulations for the quarter.
Successfully captured 02 specific UPSI events related to quarterly financial results.
Maintains a non-tamperable internal database with an 8-year record retention capability.
Reported zero instances of non-compliance or remedial actions for the reporting period.

💡 This is a routine regulatory filing that confirms the company's adherence to insider trading norms. No specific action is required from investors as this does not impact business fundamentals.

Superhouse Limited Files Quarterly SEBI Dematerialization Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Jan 2026, 06:50 PM

Superhouse Limited has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. The certificate, provided by Skyline Financial Services, confirms that physical share certificates received for dematerialization were processed and cancelled. The registrar has verified that the depository's name was substituted in the records as the registered owner within the mandated 15-day period. This is a standard procedural filing to ensure the accuracy of the company's shareholding records.

Compliance certificate filed for the quarter ended December 31, 2025
Confirms processing and mutilation of physical share certificates for dematerialization
Registrar confirms depository name substitution in records within 15 days of receipt
Securities involved are confirmed to be listed on the relevant stock exchanges

💡 No action is required from investors as this is a routine regulatory filing confirming administrative compliance regarding share dematerialization.

Superhouse Q2 FY26 Consolidated Net Profit Surges 119% YoY to ₹4.25 Crore

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 24 Dec 2025, 03:02 PM

Superhouse Limited reported a consolidated revenue of ₹190.05 crore for Q2 FY26, a 4.3% increase from ₹182.12 crore in the same quarter last year. The consolidated net profit witnessed a substantial jump of 119% YoY, reaching ₹4.25 crore compared to ₹1.94 crore in Q2 FY25. This growth was supported by a strong performance in the Leather & Leather Products segment, which remains the primary revenue driver. Standalone net profit also saw a robust increase, more than doubling to ₹4.71 crore.

Consolidated revenue from operations grew 4.3% YoY to ₹190.05 crore in Q2 FY26.
Consolidated Net Profit after tax jumped 119% YoY to ₹4.25 crore.
Leather & Leather Products segment revenue increased to ₹170.47 crore from ₹162.84 crore YoY.
Consolidated Basic EPS rose significantly to ₹3.72 from ₹1.22 in the year-ago period.
Total consolidated assets increased to ₹900.64 crore as of September 30, 2025, from ₹860.78 crore in March 2025.

💡 The sharp rise in profitability despite modest revenue growth suggests improved operational efficiency. Investors should monitor if these margins are sustainable in the core leather business over the next few quarters.

View All SUPERHOUSE Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Overall operating income grew by 18.09% in FY2023 to INR 768.13 Cr from INR 650.47 Cr in FY2022. The group achieved a 43% cumulative revenue increase from FY2021 to FY2023. H1 FY2024 operating income was reported at INR 355 Cr.

Geographic Revenue Split

The majority of revenue is generated from export sales to more than 78 countries. Marketing offices are established in the USA, UK, UAE, Spain, and Germany to support global distribution.

Profitability Margins

PAT margin declined from 4.83% in FY2022 to 3.64% in FY2023 (INR 27.92 Cr). For FY2024, the PAT margin further decreased to 1.76%. 9MFY25 PAT margin showed a slight recovery to 1.78% compared to 1.73% in 9MFY24.

EBITDA Margin

EBITDA margin witnessed an incessant decline over three years, dropping from 9.07% in FY2021 to 7.68% in FY2023. This decline was primarily driven by lower government export incentives and higher selling expenses.

Credit Rating & Borrowing

Acuité reaffirmed a long-term rating of 'ACUITE A-' (Stable) and a short-term rating of 'ACUITE A2+' on INR 219 Cr of bank facilities as of February 2024.

⚙️ Operational Drivers

Raw Materials

Key raw materials include finished leather and shoe uppers. The group sources leather from its own tanneries and imports from Brazil, Italy, and Columbia to mitigate price fluctuation risks.

Import Sources

Brazil, Italy, and Columbia.

Capacity Expansion

The group currently operates 12 manufacturing facilities, including two tanneries, across Uttar Pradesh. Specific expansion plans in MT or units are not disclosed.

Raw Material Costs

Raw material costs are partially mitigated through backward integration into tanneries. However, the group remains exposed to global leather price fluctuations and lower export incentives which impacted FY23 margins.

Manufacturing Efficiency

Working capital limits were utilized at an average of 95.50% for fund-based limits and 53.78% for non-fund based limits for the five months ended February 2025, indicating high capacity utilization of available credit.

Logistics & Distribution

Distribution is managed through offshore subsidiaries and marketing offices in the UK, USA, UAE, Spain, and Germany to reach 78+ countries.

📈 Strategic Growth

Expected Growth Rate

12.60%

Growth Strategy

Growth is driven by an established market position in the export leather industry, leveraging a diversified product portfolio and a strong distribution network across 78 countries. The group utilizes offshore subsidiaries like Superhouse (U.K.) Limited and Superhouse (USA) International Inc. to maintain global market presence.

Products & Services

Finished leather, shoe uppers, finished footwear (safety and fashion), textile garments, horse riding equipment, and other leather accessories.

Brand Portfolio

Superhouse, Briggs Industrial Footwear.

Market Expansion

The group continues to target global markets through its 12 manufacturing units and international marketing offices, though specific new regions were not named.

Market Share & Ranking

Recognized as one of the leading manufacturers and exporters of finished leather in India.

🌍 External Factors

Industry Trends

The leather industry is highly competitive and fragmented. Future growth depends on scaling operations and managing intensive working capital cycles (currently 256 GCA days).

Competitive Landscape

Faces intense competition from both organized and unorganized players, leading to persistent pricing pressure.

Competitive Moat

Moat is built on 40+ years of promoter experience, integrated manufacturing (in-house tanneries), and a global distribution network. Sustainability is supported by a healthy net worth of INR 461.45 Cr.

Macro Economic Sensitivity

Highly sensitive to European economic conditions and global consumer demand for leather goods. FY2024 performance was specifically noted to be impacted by lower European demand.

Consumer Behavior

Demand is shifting toward safety and fashion footwear, which the group addresses through its diversified product portfolio.

Geopolitical Risks

Exposure to trade barriers and economic shifts in the 78 countries of export, particularly the UK and EU where major marketing offices are located.

⚖️ Regulatory & Governance

Industry Regulations

Operates as a Government of India recognized Export Trading House. Compliance includes SEBI LODR regulations for listed entities.

Legal Contingencies

A penalty of INR 2,000 plus GST (Total INR 2,360) was imposed by the BSE for a one-day delay in submitting the Annual Report for FY 2024-25.

⚠️ Risk Analysis

Key Uncertainties

Key risks include the incessant decline in profitability margins (EBITDA down to 7.68%), intensive working capital requirements, and potential further demand contraction in European markets.