SVPGLOB - SVP Global

📊 NSE: SVPGLOB 🏢 Textiles - Spinning - Synthetic / Blended 📅 Last Updated: 12/14/2025 14:00

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue experienced a significant decline of 69.2%, falling from INR 301.93 Cr in FY24 to INR 92.97 Cr in FY25. Standalone revenue for FY20 was INR 99.78 Cr, a 4.9% decrease from INR 104.95 Cr in FY19, primarily due to the strategic shift to stop trading and focus solely on manufacturing.

Geographic Revenue Split

Not disclosed in available documents, though the company operates through Indian and foreign subsidiaries including SV Pittie Trading (FZC) LLC.

Profitability Margins

Net Profit Margin for FY25 was -14.90%, showing a relative improvement from -39.73% in FY24 despite massive absolute losses. Historically, standalone net profit margins were 3.32% in FY19 compared to 2.73% in FY18, driven by the transition to higher-margin manufacturing activities.

EBITDA Margin

Consolidated EBITDA was INR 232.85 Cr in FY20 (16.5% margin). However, by FY25, the Operating Profit Margin collapsed to -11.31% from -0.25% in FY24, representing a 4424% deterioration in operating efficiency.

Capital Expenditure

Not disclosed in absolute INR Cr for the current period, but the company faces negative rating sensitivities for any further debt-funded capital expenditure that would worsen its financial risk profile.

Credit Rating & Borrowing

The company's liquidity is categorized as 'stretched' with average working capital (Cash Credit) utilization at approximately 90%. It faces a default claim of INR 35.63 Cr under Section 7 of the Insolvency and Bankruptcy Code (IBC).

⚙️ Operational Drivers

Raw Materials

Cotton and yarn (textile fibers) are the primary raw materials, though specific percentage of total cost is not disclosed.

Import Sources

Not specifically disclosed, but the industry is noted to be exposed to agro-climatic risks affecting domestic supply.

Capacity Expansion

Current installed capacity is not specified in MT; however, the company is described as a 'leading player' in the value chain that recently shifted focus from trading to manufacturing to capture higher value.

Raw Material Costs

Raw material costs are highly volatile due to agro-climatic factors; the company's profitability is susceptible to these price swings which cannot always be passed to customers due to stiff competition.

Manufacturing Efficiency

Capacity utilization metrics are not disclosed, but the company reported a 100% decline in inventory turnover ratio in FY25, indicating a severe halt or inefficiency in manufacturing throughput.

📈 Strategic Growth

Expected Growth Rate

Not disclosed

Growth Strategy

The strategy focuses on increasing the scale of manufacturing operations and improving debt protection metrics. However, growth is currently hindered by a material uncertainty regarding the company's ability to continue as a 'going concern' due to massive losses and legal defaults.

Products & Services

Textile products, specifically yarn and value-added textile goods.

Brand Portfolio

SVP Global Textiles.

Strategic Alliances

The group operates through subsidiaries including Shrivallabh Pittie Enterprises Private Limited and SV Pittie Trading (FZC) LLC.

🌍 External Factors

Industry Trends

The textile industry is evolving towards integrated manufacturing; however, SVP is currently struggling with a 98% decline in interest coverage ratio (to -0.21), reflecting broader industry stress and internal financial instability.

Competitive Landscape

Faces intense competition from large, well-established textile players which limits margin expansion.

Competitive Moat

The company lacks a strong durable moat as it faces 'stiff competition' and is currently undergoing insolvency proceedings, which threatens its competitive positioning.

Macro Economic Sensitivity

Highly sensitive to agricultural output and inflation in raw cotton prices.

⚖️ Regulatory & Governance

Industry Regulations

Subject to textile industry standards and agro-commodity regulations; compliance with Corporate Governance was reported for FY25 except for items in the Secretarial Audit.

Taxation Policy Impact

The company has various pending tax litigations where the outcomes are material but the timing of cash outflows is currently unpredictable.

Legal Contingencies

A petition under Section 7 of the IBC was filed by a creditor for a default of INR 35,62,91,742.36 (INR 35.63 Cr), currently pending before the NCLT. This poses a critical risk to the company's existence.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the 'Going Concern' status, as auditors highlighted material doubt about the company's ability to continue operations given the INR 979.54 Cr loss in FY25.