SUULD - Suumaya Indust.

📊 NSE: SUULD 🏢 Trading 📅 Last Updated: 12/14/2025 13:58

💰 Financial Performance

Revenue Growth by Segment

Not disclosed in available documents, but the company reported a 'Sale of Division to Subsidiaries' of INR 786.46 Cr in FY23, up 788% from INR 88.54 Cr in FY22.

Profitability Margins

The company reported a Net Loss of INR 154.77 Cr in FY23, an improvement of 47.7% compared to a loss of INR 296.15 Cr in FY22. Historical PAT margins were as high as 13.1% in previous periods.

EBITDA Margin

Historical EBITDA margins were reported at 18.3% and 11.4% in previous periods, but current financials show significant operating losses due to INR 164.57 Cr in other expenses, including write-offs.

Capital Expenditure

Property, Plant and Equipment (PPE) was valued at INR 27.59 Cr as of March 31, 2023, a decrease of 13.2% from INR 31.78 Cr in FY22.

Credit Rating & Borrowing

Total borrowings stood at INR 64.65 Cr as of March 31, 2023, with current borrowings increasing 34.2% YoY to INR 61.68 Cr. Credit rating not disclosed.

⚙️ Operational Drivers

Raw Materials

Stock-in-trade (textiles and apparel) represents the primary cost of goods, with purchases totaling INR 33.99 Cr in FY23.

Raw Material Costs

Purchases of stock-in-trade decreased 63.8% from INR 93.81 Cr in FY22 to INR 33.99 Cr in FY23 as the company restructured operations.

📈 Strategic Growth

Expected Growth Rate

Not disclosed

Growth Strategy

The company is pursuing a capital infusion plan, increasing authorized share capital from INR 75 Cr to INR 125 Cr (approved April 2023). Growth is dependent on a 3-year financial projection aiming for profitability and liquidity improvements supported by a INR 200 Cr promoter loan commitment.

Products & Services

Textiles, apparel, and lifestyle products sold through stock-in-trade and divisional operations.

Brand Portfolio

Suumaya

Market Expansion

Market expansion is being managed through the sale of divisions to subsidiaries, totaling INR 786.46 Cr in FY23.

Strategic Alliances

The company underwent significant restructuring under Ind AS 103 (Business Combinations), restating financials back to April 1, 2021.

🌍 External Factors

Industry Trends

The industry is seeing increased regulatory focus on internal financial controls and Ind AS compliance. Suumaya is currently positioned in a high-risk recovery phase following massive inventory write-offs.

Competitive Moat

The company's moat was historically based on its lifestyle brand and textile distribution, but sustainability is currently threatened by a 'Disclaimer of Opinion' on its internal control systems.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Companies Act 2013 and SEBI (LODR) Regulations 2015. The company failed to establish internal financial controls as required under Section 143(3)(i) of the Act.

Taxation Policy Impact

The company reported 0% current tax for FY23 due to losses, but carries a significant income tax liability of INR 251.51 Cr.

Legal Contingencies

The company faces pending litigations (Note 38) and has outstanding income tax liabilities of INR 251.51 Cr, which increased 13.5% from INR 221.65 Cr in the previous year.

⚠️ Risk Analysis

Key Uncertainties

There is a material uncertainty regarding the company's ability to continue as a going concern, dependent on achieving profitability and the successful infusion of INR 200 Cr from promoters.