Suryalakshmi Cotton Mills Limited (SURYALAXMI)
₹54.48 -0.29% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Suryalakshmi Cotton's revenue was ₹182 Cr (+2.2% year on year, -24.2% on the previous quarter), and net profit ₹2.4 Cr (+61.2% year on year); the operating margin was 8.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹182 | +2.2% | -24.2% |
| Operating profit | ₹16.3 | +18.9% | +35.0% |
| Net profit | ₹2.4 | +61.2% | +183.5% |
| EPS (₹) | 1.25 | +60.3% | +184.1% |
| Operating margin | 8.9% | — | — |
SURYALAXMI delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 93.21% of the SURYALAXMI shares traded on NSE were taken to delivery, against the stock's own 20-session average of 80.81%. That is higher than usual for this stock. Turnover was only ₹1 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 69.5% · 97.6% · 100.0% · 80.1% · 93.2%
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
Suryalakshmi Cotton Mills Limited reported voting results for its 63rd Annual General Meeting held on September 30, 2026. A total of 11,840,931 votes were polled across 132 members, representing 62.97% of total voting capital. All resolutions—including the adoption of FY26 financials, appointment of Sri Venkata Phani Kiran Kumar Immaneni as Non-Executive Independent Director, and authorization for creation of charges/mortgages—were passed with 99.9973% approval.
- All resolutions approved with 99.9973% votes cast in favour (11,840,606 votes)
- Total voter turnout stood at 62.9660% of outstanding capital (11,840,931 votes polled out of 18,805,290 shares)
- Promoter turnout stood at 99.9913% (11,456,889 votes) voting 100% in favour
- Shareholders approved special resolution for creation of mortgage, charge, and security interest on company assets
Suryalakshmi Cotton Mills Limited reported voting results for its 63rd Annual General Meeting held on September 30, 2026. A total of 11,840,931 votes were polled across 132 members, representing 62.97% of total voting capital. All resolutions—including the adoption of FY26 financials, appointment of Sri Venkata Phani Kiran Kumar Immaneni as Non-Executive Independent Director, and authorization for creation of charges/mortgages—were passed with 99.9973% approval.
- All resolutions approved with 99.9973% votes cast in favour (11,840,606 votes)
- Total voter turnout stood at 62.9660% of outstanding capital (11,840,931 votes polled out of 18,805,290 shares)
- Promoter turnout stood at 99.9913% (11,456,889 votes) voting 100% in favour
- Shareholders approved special resolution for creation of mortgage, charge, and security interest on company assets
At its 63rd AGM held on September 30, 2026, Suryalakshmi Cotton Mills approved the re-appointment of Managing Director Sri Paritosh Agarwal (retiring by rotation), who oversees denim capacity of 40 million metres and holds tenure through June 20, 2030. Shareholders also approved the appointment of Sri Venkata Phani Kiran Kumar Immaneni as Non-Executive Independent Director for a 5-year term ending July 26, 2031. Immaneni brings over 33 years of banking experience, including 15 years in China and Hong Kong. The approvals reflect standard governance continuity for the Rs 111-crore market cap textile player.
- Shareholders approved re-appointment of MD Sri Paritosh Agarwal, liable to retire by rotation, with term valid until June 20, 2030
- Appointment of Sri Venkata Phani Kiran Kumar Immaneni as Independent Director approved for a 5-year term from July 27, 2026 to July 26, 2031
- New director brings 33+ years of banking experience, including 12+ years as Chief Executive and Country Head in China/Hong Kong
- MD profile highlights expansion of denim capacity from 10 million metres in 1997 to 40 million metres
ICRA has reviewed Suryalakshmi Cotton Mills' credit ratings covering ₹363.19 crore of bank facilities, reaffirming the long-term rating at [ICRA]BBB and revising the outlook to 'Stable' from 'Negative'. The short-term rating for non-fund-based limits of ₹55.70 crore was reaffirmed at [ICRA]A3+. The rated facilities represent approximately 141% of the company's total reported debt of ₹258 crore, reflecting easing near-term liquidity and balance sheet pressures.
- Outlook revised to Stable from Negative on long-term ratings of [ICRA]BBB across ₹169.50 crore of cash credit and ₹57.99 crore of term loans
- Short-term rating reaffirmed at [ICRA]A3+ for ₹55.70 crore non-fund-based facilities
- Unallocated limits of ₹80.00 crore rated at [ICRA]BBB (Stable) / [ICRA]A3+
- Total bank facilities evaluated stand at ₹363.19 crore
Suryalakshmi Cotton Mills has issued the notice for its 63rd Annual General Meeting (AGM), scheduled to be held via Video Conferencing on September 30, 2026. The cut-off date for e-voting eligibility is September 23, 2026, with the remote voting window open from September 25 to September 29, 2026. Key agenda items include the re-appointment of Managing Director Paritosh Agarwal upon retirement by rotation and the appointment of Venkata Phani Kiran Kumar Immaneni as an Independent Director for a 5-year term. The company also published its Integrated Annual Report for FY26.
- 63rd Annual General Meeting scheduled for September 30, 2026, at 11:00 AM IST via VC/OAVM
- Cut-off date for remote e-voting and attendance eligibility set for September 23, 2026
- Remote e-voting window runs from September 25, 2026 (09:00 IST) to September 29, 2026 (17:00 IST)
- Book closure period fixed from September 23, 2026 to September 30, 2026
- Appointment of Sri Venkata Phani Kiran Kumar Immaneni as Independent Director for a term of 5 years from July 27, 2026
Suryalakshmi Cotton Mills reported a strong bottom-line performance for Q1 FY27, with net profit jumping 61% YoY to ₹2.35 Cr despite a modest 2.2% growth in revenue to ₹182.23 Cr. The company's EPS improved to ₹1.25 from ₹0.78 in the year-ago period. Alongside results, the company scheduled its 63rd AGM for September 30, 2026, and announced the appointment of Ms. Murmur Baid as Company Secretary following the retirement of the incumbent.
- Net profit increased 61% YoY to ₹2.35 Cr from ₹1.46 Cr in Q1 FY26
- Revenue from operations grew 2.2% YoY to ₹182.23 Cr from ₹178.35 Cr
- Earnings Per Share (EPS) rose to ₹1.25 for the quarter, up from ₹0.78 YoY
- 63rd Annual General Meeting (AGM) scheduled for September 30, 2026
- Ms. Murmur Baid appointed as Company Secretary effective August 8, 2026
Suryalakshmi Cotton Mills reported a 61% YoY increase in net profit to ₹2.35 Cr for Q1 FY27, up from ₹1.46 Cr in Q1 FY26. Revenue grew marginally by 2.2% to ₹182.23 Cr during the same period. The company also announced the appointment of Ms. Munmun Baid as Company Secretary and Compliance Officer, succeeding Mr. E.V.S.V. Sarma who retired on August 8, 2026. Despite the profit growth, the company remains highly leveraged with a debt of ₹258 Cr against a market capitalization of only ₹113 Cr.
- Q1 FY27 Revenue from operations stood at ₹182.23 Cr compared to ₹178.35 Cr in the previous year's corresponding quarter
- Net Profit for the quarter ended June 30, 2026, reached ₹2.35 Cr, a 61% increase from ₹1.46 Cr in Q1 FY26
- Ms. Munmun Baid (Membership No. A40189) appointed as Company Secretary & Compliance Officer effective August 8, 2026
- The 63rd Annual General Meeting (AGM) is scheduled for September 30, 2026
- Total debt remains high at ₹258 Cr, which is approximately 2.28x the company's current market capitalization
Suryalakshmi Cotton Mills reported a 61% YoY increase in net profit to ₹2.35 crore for Q1 FY27, up from ₹1.46 crore in Q1 FY26. Revenue from operations saw a modest growth of 2.2% to ₹182.23 crore. The company also announced a transition in its Key Managerial Personnel, with Ms. Muskan Baid replacing the retiring Company Secretary E.V.S.V. Sarma. Despite the profit growth, the company continues to operate with a high debt-to-equity ratio of 0.95 and relatively low operating margins.
- Net profit for Q1 FY27 rose to ₹2.35 crore, a 61% increase compared to ₹1.46 crore in Q1 FY26.
- Revenue from operations reached ₹182.23 crore, representing a 2.2% growth over the previous year's ₹178.35 crore.
- Earnings Per Share (EPS) improved to ₹1.25 for the quarter, up from ₹0.78 in the same period last year.
- Finance costs remained relatively flat at ₹8.15 crore compared to ₹8.08 crore in Q1 FY26.
- Ms. Muskan Baid appointed as Company Secretary & Compliance Officer effective August 8, 2026, following the superannuation of Sri E.V.S.V. Sarma.
Suryalakshmi Cotton Mills has appointed Ms. Murmur Baid as Company Secretary and Compliance Officer effective August 8, 2026, following the retirement of Sri E.V.S.V. Sarma. Alongside this management change, the company reported Q1 FY27 revenue of Rs 182.23 Cr and a net profit of Rs 2.35 Cr. The quarterly profit shows a strong recovery compared to the Rs 0.83 Cr reported in the immediate previous quarter (March 2026). The company has also scheduled its 63rd Annual General Meeting for September 30, 2026.
- Ms. Murmur Baid appointed as CS & Compliance Officer effective August 8, 2026
- Sri E.V.S.V. Sarma retired due to superannuation at the close of business on August 8, 2026
- Q1 FY27 Revenue reported at Rs 182.23 Cr compared to Rs 178.35 Cr in the year-ago quarter
- Q1 FY27 Net Profit stood at Rs 2.35 Cr, representing approximately 78% of the total TTM PAT of Rs 3 Cr
- 63rd Annual General Meeting (AGM) scheduled for September 30, 2026
Suryalakshmi Cotton Mills reported a strong start to FY27 with net profit rising 61% YoY to ₹2.35 Cr, despite a modest 2.2% revenue growth to ₹182.23 Cr. The profitability jump is significant given the company's small base (TTM PAT was only ₹3 Cr). Profit Before Tax (PBT) saw a 74% YoY increase to ₹3.75 Cr, indicating improved operational efficiency. The company also transitioned its Company Secretary following the retirement of the incumbent.
- Net Profit for Q1 FY27 rose to ₹2.35 Cr from ₹1.46 Cr in the same quarter last year
- Revenue from operations stood at ₹182.23 Cr, a 2.2% increase over June 2025
- Profit Before Tax (PBT) increased 74% YoY to ₹3.75 Cr from ₹2.15 Cr
- Earnings Per Share (EPS) improved to ₹1.25 from ₹0.78 YoY
- Finance costs remained relatively flat at ₹8.15 Cr vs ₹8.07 Cr in the previous year's quarter
Suryalakshmi Cotton Mills reported a 61% YoY increase in net profit to ₹2.35 Cr for Q1 FY27, up from ₹1.46 Cr in the same period last year. Revenue from operations remained relatively flat, growing just 2.2% to ₹182.23 Cr. The company managed to improve its bottom line despite high finance costs of ₹8.15 Cr, which consume a significant portion of operating profits. Additionally, the company announced the appointment of Ms. Murmur Baid as Company Secretary following the retirement of the incumbent.
- Net profit increased 61% YoY to ₹2.35 Cr from ₹1.46 Cr in Q1 FY26
- Revenue from operations grew marginally by 2.2% to ₹182.23 Cr compared to ₹178.35 Cr YoY
- Earnings Per Share (EPS) rose to ₹1.25 from ₹0.78 in the previous year's quarter
- Finance costs remained high at ₹8.15 Cr, representing 4.47% of quarterly revenue
- Inventory build-up of ₹37.29 Cr recorded during the quarter, reflecting seasonal stocking
Suryalakshmi Cotton Mills Limited has announced the appointment of Sri Venkata Phani Kiran Kumar Immaneni as an Additional Independent Director for a five-year term starting July 27, 2026. This appointment coincides with the retirement of Sri Dhruv Vijai Singh, who completed his second and final consecutive term as an Independent Director. The company, which operates with a TTM revenue of ‡795 Cr and a relatively high debt-to-equity ratio of 0.95, is maintaining its board composition in compliance with SEBI regulations. This is a routine governance transition with no immediate impact on financial operations.
- Sri Venkata Phani Kiran Kumar Immaneni appointed as Independent Director for a 5-year term effective July 27, 2026.
- Sri Dhruv Vijai Singh ceased to be a director after completing his second and final term on July 27, 2026.
- The company reported a TTM revenue of ‡795 Cr and a thin net profit of ‡3 Cr.
- The appointment is subject to the approval of the company's members.
Suryalakshmi Cotton Mills has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFin Technologies Limited, confirms that share dematerialization and rematerialization requests for the quarter ended June 30, 2026, were processed and reported to the exchanges. This is a standard administrative filing required for listed companies and has no impact on the company's financial health or business operations. The company continues to operate with a TTM revenue of Rs 795 Cr and a thin net profit margin.
- Compliance certificate issued for the quarter ended June 30, 2026
- Registrar and Share Transfer Agent (RTA) KFin Technologies Limited confirmed the processing of securities
- Official submission to NSE and BSE completed on July 04, 2026
- Company maintains a TTM revenue of Rs 795 Cr with a low OPM of 5.4%
Suryalakshmi Cotton Mills Limited has redeemed 2,00,000 preference shares worth ₹2.00 crore on June 30, 2026. These shares carried a 5% non-cumulative dividend and were redeemed at their face value of ₹100 each. The redemption was funded entirely through the company's profits, in compliance with the Companies Act, 2013. Given the company's TTM revenue of ₹795 crore, this transaction is relatively small in magnitude.
- Redeemed 2,00,000 5% Non-Cumulative Redeemable Preference Shares on June 30, 2026
- Total redemption value aggregates to ₹2,00,00,000 (₹2 Cr)
- Redemption was executed out of the profits of the company
- Shares had a face value of ₹100 each and have been extinguished following the redemption
Suryalakshmi Cotton Mills Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This routine measure is taken ahead of the declaration of the company's unaudited financial results for the quarter ending June 30, 2026. The window will remain closed for all designated persons, including promoters and directors, until 48 hours after the results are announced. The specific date for the board meeting to approve these results will be communicated in due course.
- Trading window closure effective from Wednesday, July 1, 2026.
- Closure pertains to the unaudited financial results for the quarter ending June 30, 2026.
- Window to reopen 48 hours after the financial results are officially declared.
- Applies to all designated persons, including Promoters, Directors, and Key Managerial Personnel.
Financial Performance
Revenue Growth by Segment
Suryalakshmi Cotton Mills (SCML) derives 60% of its revenue from denim fabric and 40% from spinning operations (cotton and polyester viscose). In Q1 FY2026, the company registered revenues of INR 178.3 Cr, representing a 12.4% YoY growth compared to Q1 FY2025. However, FY2025 overall witnessed minimal growth due to sluggish demand in the yarn segment.
Geographic Revenue Split
Not specifically disclosed in available documents, though the company operates across multiple Indian states and is subject to various local tax jurisdictions.
Profitability Margins
The operating margin contracted by 60 bps YoY to 6.4% in FY2025, primarily driven by rising power and labor costs. The net profit margin remained flat at 0.46% for FY2025. Return on net worth was recorded at 1.35% in FY2025 compared to 1.36% in FY2024.
EBITDA Margin
The OPBDITA for Q1 FY2026 was INR 13.7 Cr, an increase of 12.2% YoY. The operational profit margin for FY2025 stood at 4.74%, a slight improvement from 4.62% in FY2024, despite the contraction in gross operating margins.
Capital Expenditure
The company incurred debt-funded capital expansion in FY2024 to increase loom capacity. For FY2025 and FY2026, no major capital expenditure is planned, with expected cash accruals of INR 25-27 Cr being prioritized for debt repayment of INR 5.6 Cr and INR 7.1 Cr respectively. A smaller capex of INR 20 Cr for value addition is under consideration for FY2026.
Credit Rating & Borrowing
ICRA reaffirmed the long-term rating at [ICRA]BBB but revised the outlook from Stable to Negative in September 2025. This revision reflects a weaker-than-expected performance in FY2026 and slower improvement in debt metrics. Short-term ratings are reaffirmed at [ICRA]A3+.
Operational Drivers
Raw Materials
Key raw materials include raw cotton (approximately 35-40% of costs) and synthetic yarns such as polyester viscose. Crude oil prices significantly influence the cost of synthetic yarns.
Import Sources
Not specifically disclosed, but the company monitors the domestic cotton crop, which was estimated at 35.7 million bales, impacting local procurement prices.
Capacity Expansion
Current capacity includes spinning and denim fabric weaving (loom capacity). Recent expansion focused on increasing loom capacity to enhance denim production, though specific MTPA/unit figures were not provided.
Raw Material Costs
Raw material costs are highly volatile; a reduction in cotton crop estimates to 35.7 million bales led to firming prices. Backward integration into value-added and fancy yarns is used as a strategy to mitigate cost volatility and improve margins.
Manufacturing Efficiency
The company utilizes backward integration (spinning to denim) to capture higher value. Inventory turnover ratio moderated to 3.68x in FY2025 from 4.19x in FY2024, indicating a slight slowdown in movement.
Strategic Growth
Expected Growth Rate
12.40%
Growth Strategy
Growth is targeted through backward integration into value-added and fancy yarns to improve margins. The company is also focusing on the denim segment, which provides 60% of revenue, while utilizing a buffer of INR 20 Cr in sanctioned lines to support liquidity and potential small-scale capex for efficiency.
Products & Services
Denim fabric, cotton yarn, polyester viscose yarn, and value-added/fancy yarns.
Brand Portfolio
Suryalakshmi.
New Products/Services
Focus on value-added and fancy yarns to differentiate from commoditized spinning products.
External Factors
Industry Trends
The industry is characterized by high fragmentation and commoditization. There is a shift toward sustainability, with SCML weaving sustainable practices into production to reduce reliance on chemicals and energy.
Competitive Landscape
The industry is highly fragmented with intense competition from both domestic and international players in the denim and yarn segments.
Competitive Moat
The company's moat is built on its established market position and backward integration. However, this is considered moderate due to the lack of significant pricing power in a fragmented market.
Macro Economic Sensitivity
Highly sensitive to global cotton prices and crude oil fluctuations (affecting synthetic yarn). Domestic interest rate fluctuations impact the cost of the INR 152.2 Cr working capital debt.
Consumer Behavior
Resilient demand for denim fabric has supported revenue growth (9% in FY2023), while the yarn segment has shown more volatility.
Geopolitical Risks
International scenarios are noted as factors that could cause actual results to differ from projections, particularly affecting export demand for denim.
Regulatory & Governance
Industry Regulations
Operations are governed by the Companies Act 2013 and SEBI (LODR) Regulations. The company must comply with environmental and safety protocols regarding hazardous materials and fire safety.
Environmental Compliance
The company is ISO 14001:2015 certified and systematically assesses ESG risks to ensure sustainable business practices.
Taxation Policy Impact
The company is subject to periodic challenges by local tax authorities. Key audit matters include the evaluation of uncertain tax positions regarding direct and indirect taxes.
Legal Contingencies
The company faces uncertain tax positions that involve significant management judgment. Specific case values are not disclosed, but they are monitored as contingent liabilities.
Risk Analysis
Key Uncertainties
The primary uncertainty is the volatility of raw material prices (cotton and crude-linked synthetics) and the ability to pass these costs to customers. A weaker-than-expected performance in FY2026 led to a Negative rating outlook.
Geographic Concentration Risk
Not disclosed, but the company operates in multiple Indian states.
Third Party Dependencies
High dependency on cotton farmers and synthetic yarn suppliers; working capital is heavily tied to the seasonal availability of these materials.
Technology Obsolescence Risk
The company faces risks from technological advances by competitors in product development and spinning efficiency.
Credit & Counterparty Risk
Debtors' turnover ratio was 4.35x in FY2025, down from 4.84x in FY2024, indicating a slight increase in the credit cycle or slower collections.
