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Superhouse Limited (SUPERHOUSE)

₹158.59 +0.66% last close, 16 Oct

📊 NSE: SUPERHOUSE 🏢 Leather / Leather Products 📢 Latest filing: 30 Sep 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Superhouse's revenue was ₹163 Cr (+0.1% year on year, +5.1% on the previous quarter), and net profit ₹3.6 Cr (against a loss a year earlier); the operating margin was 6.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹163	+0.1%	+5.1%
Operating profit	₹10.1	+41.7%	-20.7%
Net profit	₹3.6	from loss	from loss
EPS (₹)	4.09	from loss	from loss
Operating margin	6.2%	—	—

Full quarterly financials → Results calendar →

SUPERHOUSE delivery percentage

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

On Fri, 16 Oct 2026, 44.35% of the SUPERHOUSE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 67.35%. That is lower than usual for this stock. Turnover was only ₹2 lakh, so a handful of trades can move this figure. Volume was 0.1 times its average, well below normal.

44.35%Delivery, 16 Oct

67.35%Own 20-session average

0.1×Volume vs its average

₹158.59NSE close · +0.66%

Delivery in the last 5 sessions: 68.7% · 71.7% · 50.1% · 50.7% · 44.4%

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

Superhouse Shareholders Approve ₹0.80/Share Final Dividend at 46th AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Sep 2026, 04:17 PM

Superhouse Limited submitted the proceedings and scrutinizer's report for its 46th Annual General Meeting held on September 30, 2026. Shareholders approved all 5 resolutions, including the adoption of FY26 financial statements and a final dividend of ₹0.80 per equity share (face value ₹10). The dividend resolution received unanimous support with 100% of the 61,71,372 valid votes cast in favor. Resolutions for the re-appointment of directors retiring by rotation, Mr. Zafarul Amin and Mr. Yusuf Amin, were also approved with 98.68% majority each.

Declared final dividend of ₹0.80 per equity share of ₹10 face value for FY26
Dividend resolution passed with 100% favorable votes (61,71,372 votes in favor vs 74 votes against)
Re-appointment of directors Mr. Zafarul Amin and Mr. Yusuf Amin approved with 98.68% majority (60,90,187 votes)
36 members including 6 corporate representatives attended the meeting

💡 Track the upcoming Q2 FY27 earnings for operational recovery in export markets and margin improvements.

Superhouse Q1 PBT at ₹5.04 Cr; Board approves exit from French subsidiary

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 02:45 PM

Superhouse Limited reported a consolidated Profit Before Tax (PBT) of ₹5.04 Cr for Q1 FY27, marking a recovery from a loss of ₹0.86 Cr in the preceding quarter (Q4 FY26). Consolidated revenue from operations stood at ₹162.87 Cr, a 5.1% increase sequentially from ₹154.95 Cr. The company also announced the divestment or liquidation of its French subsidiary, LA Compagnie Francaise De Protection SARL, which contributed only 1.82% to FY24 revenue. This move is part of a strategy to streamline the group structure and optimize administrative costs.

Consolidated PBT recovered to ₹5.04 Cr in Q1 FY27 compared to a loss of ₹0.86 Cr in Q4 FY26.
Total consolidated revenue for the quarter reached ₹162.87 Cr, up from ₹154.95 Cr in the previous quarter.
French subsidiary being divested accounted for only 0.10% of the consolidated net worth as of March 31, 2026.
Finance costs reduced to ₹3.66 Cr in Q1 FY27 from ₹5.15 Cr in Q4 FY26.
The divestment or liquidation process for the French unit is expected to be completed by March 31, 2027.

💡 Investors should monitor the execution of the French subsidiary exit and watch for sustained margin improvement in the leather segment, which remains the primary revenue driver.

ACUITE Reaffirms 'A-' Rating for Superhouse with Negative Outlook on Rs 231 Cr Facilities

🔵 WATCH ⭐ 7/10

REGULATORY 📅 30 Jul 2026, 11:00 AM

Acuité Ratings and Research has reaffirmed Superhouse Limited's long-term rating at 'ACUITE A-' and short-term rating at 'ACUITE A2+', while maintaining a 'Negative' outlook. The rating covers total bank facilities of Rs 231.00 crore, which includes a newly assigned rating for a Rs 12.00 crore working capital term loan. The 'Negative' outlook is significant given the company's thin TTM PAT of only Rs 4 crore on a revenue base of Rs 677 crore. Investors should note that the total rated bank facilities (Rs 231 cr) exceed the company's current market capitalization (Rs 187 cr).

Total bank loan facilities rated at Rs 231.00 crore.
Long-term rating reaffirmed/assigned at 'ACUITE A-' with a 'Negative' outlook.
Short-term rating reaffirmed at 'ACUITE A2+' for Rs 50.00 crore in facilities.
New Rs 12.00 crore working capital term loan assigned an 'ACUITE A-' rating.
Rated debt facilities represent approximately 123.5% of the company's current market capitalization.

💡 Investors should monitor the company's upcoming quarterly results for improvements in net profit margins, as the 'Negative' outlook suggests credit pressure. Watch for any transition of this outlook to 'Stable' or a potential downgrade if financial performance remains weak.

Superhouse clarifies delay in FY25 Consolidated Results due to subsidiary audit lags

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 20 Jul 2026, 05:24 PM

Superhouse Limited responded to an NSE clarification request regarding the non-submission of its Audited Consolidated Financial Results for the year ended March 31, 2025. The company stated that while standalone results were filed by the May 30, 2025 deadline, consolidated figures were delayed due to pending audited financials from certain subsidiary companies. The Board has advised subsidiary management to expedite the process and has adjourned the meeting to approve the consolidated results. This administrative delay highlights reporting bottlenecks within the company's multi-unit structure.

Consolidated financial results for FY25 were not submitted by the regulatory deadline of May 30, 2025
Standalone financial results for the same period were submitted within the prescribed 60-day time limit
Delay is attributed specifically to the non-receipt of audited financial results from certain subsidiary companies
The Board of Directors has decided to adjourn the meeting for consolidated results until subsidiary data is available
Company operates 12 manufacturing units and maintains offshore subsidiaries to support its export-heavy business

💡 Investors should monitor for the announcement of the rescheduled Board Meeting date to review the consolidated performance. It is important to check for any significant deviations between standalone and consolidated profits once the data is released.

Superhouse Limited Completes Q1 FY27 Dematerialization Compliance

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 08 Jul 2026, 12:01 PM

Superhouse Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The filing confirms that physical share certificates received for dematerialization were processed, mutilated, and cancelled as per regulatory requirements. The company verified that the depository's name was substituted in its records as the registered owner within the stipulated timeframe. This is a routine administrative filing required for all listed entities in India.

Compliance certificate issued for the quarter ended June 30, 2026
Dematerialization requests processed and records updated within 15 days
Confirmation that securities are listed on the Stock Exchanges where earlier securities were listed
Physical certificates mutilated and cancelled after due verification

💡 This is a routine regulatory filing. Investors do not need to take any action as it pertains to administrative share registry maintenance.

Superhouse Limited Files SDD Compliance Certificate for June 2026 Quarter

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 08 Jul 2026, 11:29 AM

Superhouse Limited has submitted its compliance certificate for the Structured Digital Database (SDD) for the quarter ended June 30, 2026, as required under SEBI (Prohibition of Insider Trading) Regulations. The company confirmed that it captured 01 event related to quarterly financial results in its internal, non-tamperable database. The filing indicates zero non-compliance issues for the period. This is a routine administrative disclosure confirming adherence to regulatory protocols regarding Unpublished Price Sensitive Information (UPSI).

Captured 01 event related to quarterly financial results in the Structured Digital Database
Maintains a non-tamperable database with an audit trail capable of storing records for 8 years
Reported zero non-compliance issues for the previous quarter
The filing was certified by the Compliance Officer on July 01, 2026

💡 This is a routine regulatory filing. Investors should focus on the upcoming quarterly financial results to assess the company's operational performance in the leather export market.

Superhouse Sets Sept 15 as Record Date for Final Dividend; 46th AGM on Sept 30

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 30 Jun 2026, 04:57 PM

Superhouse Limited has announced its 46th Annual General Meeting (AGM) scheduled for September 30, 2026. The Board has fixed September 15, 2026, as the Record Date to determine shareholder eligibility for a final dividend, subject to AGM approval. This follows the approval of FY2026 audited financial statements, where the company saw a volatile year including a Mar 2026 quarterly loss of Rs 1.29 Cr. Dividend payments, if approved, are slated for dispatch between October 3 and October 6, 2026.

Record Date for final dividend eligibility fixed for September 15, 2026
46th Annual General Meeting (AGM) to be held on September 30, 2026
Book closure period set from September 16 to September 30, 2026
Dividend disbursement scheduled between October 3 and October 6, 2026
Audited FY26 financial statements approved by the Board on June 30, 2026

💡 Monitor the upcoming Annual Report for the specific dividend amount and management's outlook on recovering from the Mar 2026 quarterly loss.

Superhouse Limited Announces Trading Window Closure Starting July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 23 Jun 2026, 01:00 PM

Superhouse Limited has notified the exchanges regarding the closure of its trading window for insiders starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results for the quarter ending June 30, 2026. The window is scheduled to remain closed until August 17, 2026, or 48 hours after the results are declared. This restriction applies only to directors, designated employees, and their relatives, while general public trading remains unaffected.

Trading window closure begins on July 1, 2026, for the Q1 financial results.
The closure is expected to last until August 17, 2026, or 48 hours post-result announcement.
Restriction applies to directors, officers, designated employees, and fiduciary partners like auditors.
General investors are not restricted from trading the company's securities during this period.

💡 This is a routine regulatory announcement with no impact on business fundamentals. Investors should focus on the upcoming Q1 earnings release for performance updates.

Superhouse Limited Recommends ₹0.80 Dividend; Sets Record Date for September 15, 2026

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 30 May 2026, 03:15 PM

Superhouse Limited has recommended a final dividend of ₹0.80 per equity share (8% of face value) for the financial year 2025-26. The company has officially fixed September 15, 2026, as the record date to determine eligible shareholders. Subject to approval at the Annual General Meeting, the dividend will be paid to shareholders on or before October 5, 2026. The board also approved the audited financial results for the quarter and full year ended March 31, 2026.

Recommended a final dividend of ₹0.80 per equity share of face value ₹10 each for FY 2025-26.
Fixed Tuesday, September 15, 2026, as the Record Date for dividend entitlement.
Dividend payment is scheduled to be completed on or before October 5, 2026.
Approved audited standalone and consolidated financial results for the fiscal year ended March 31, 2026.
Statutory auditors issued an unmodified opinion on the financial results for the period.

💡 Investors interested in the dividend should ensure they hold the stock prior to the ex-dividend date (typically one business day before the record date). Long-term investors should review the full FY26 audited results to assess the company's payout sustainability.

Superhouse Ltd Reports FY26 Results; Recommends Final Dividend of Rs. 0.80 Per Share

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 30 May 2026, 03:12 PM

Superhouse Limited has approved its audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The Board has recommended a final dividend of Rs. 0.80 per equity share (8% of the face value of Rs. 10). The record date for determining dividend eligibility is fixed as September 15, 2026, with the payout expected by October 5, 2026. The statutory auditors have issued an unmodified opinion on the financial statements, indicating no major accounting discrepancies.

Approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
Recommended a final dividend of Rs. 0.80 per equity share of face value Rs. 10 for FY 2025-26.
Set Tuesday, September 15, 2026, as the record date for dividend entitlement.
Statutory auditors, Kapoor Tandon & Co., issued an unmodified audit report for the period.
Dividend payment is scheduled to be completed on or before October 5, 2026, subject to shareholder approval.

💡 Investors should review the detailed financial statements to assess revenue growth and margin performance. The dividend provides a steady return, though investors should wait for the full annual report to evaluate the company's export outlook for the next fiscal year.

Superhouse Limited Reports Compliance with SEBI Dematerialization Regulations for Q4 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Apr 2026, 04:00 PM

Superhouse Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ending March 31, 2026. The Registrar and Share Transfer Agent (RTA), Skyline Financial Services, confirmed that physical share certificates received for dematerialization were processed and cancelled. The depository's name was substituted in the records as the registered owner within the mandated 15-day timeframe. This is a standard procedural filing to ensure the integrity of the company's shareholding records.

Compliance certificate filed for the quarter ended March 31, 2026.
Confirmation that physical shares received for dematerialization were mutilated and cancelled.
Processing of demat requests completed within the regulatory limit of 15 days.
RTA confirms that securities are listed on the Stock Exchanges where earlier securities were listed.

💡 No action is required as this is a routine regulatory filing. Investors should continue to monitor the company's upcoming financial performance for the fiscal year end.

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.