Surat Trade

What does Surat Trade do?

Surat Trade & Merchantile Ltd operates in the Garments & Apparels industry as a Micro Cap company, originally founded in 1945. As of March 2025, it reported net sales of 7 Cr and a net loss of 4 Cr, with a market cap of Rs 150 Cr.

Overview:<BR>Surat Trade & Merchantile Ltd operates in the Garments & Apparels industry and is categorized as a Micro Cap company.<BR><BR>History:<BR>The company was originally incorporated as a Public Limited Company in 1945 under the name "Surat Textile Mills Limited." It underwent several name changes, becoming Garden All Cotton Limited in 1993, then Garden Cottons and Yarns Ltd, and reverting to Surat Textile Mills Limited in 1997. The latest quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot:<BR>- Most recent Net Sales: 7 Cr (Quarterly Results - Mar 2025)<BR>- Most recent Net Profit: -4 Cr (Quarterly Results - Mar 2025)<BR>- Market-cap value: Rs 150 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 13.00<BR>- Industry P/E: 23<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.28<BR>- Return on Equity: 5.38%<BR>- Price to Book: 0.69<BR><BR>Contact Details:<BR>- Address: 6th Floor Tulsi Krupa Arcade, Pune Kumbaria Road Dumbhal Surat Gujarat : 395010<BR>- Tel: 91-261-2311198<BR>- Email: sharedepartment@stml.in<BR>- Website: /www.surattextilemillsltd.com

Who are in the management team of Surat Trade?

As of March 2023, the management team of Surat Trade includes Alok P Shah (Managing Director), Paresh V. Chothani (Whole-time Director), Kruti Kothari (Director), and several Independent Directors: Harish B Bharuchi, Ketan Arunchandra Jariwala, and Deepak N Shah, along with Mahek Gaurav Jaju as Company Secretary & Compliance Officer.

As of March 2023, the management team of Surat Trade includes the following individuals:<BR><BR>1. Harish B Bharuchi - Independent Director<BR>2. Ketan Arunchandra Jariwala - Independent Director<BR>3. Kruti Kothari - Director<BR>4. Paresh V. Chothani - Whole-time Director<BR>5. Alok P Shah - Managing Director<BR>6. Deepak N Shah - Independent Director<BR>7. Mahek Gaurav Jaju - Company Secretary & Compliance Officer<BR><BR>Each member plays a distinct role within the organization, contributing to its governance and operational management.

Has Surat Trade declared dividend?

No Dividend History Available

Who are the peers of the Surat Trade?

Peers of Surat Trade include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Suryalata Spg., Soma Textiles, Premco Global, and Rel. Chemotex, with Surat Trade showing below average management risk and a 1-year return of -25.22%.

Peers: The peers of Surat Trade are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Suryalata Spg., Soma Textiles, Premco Global, and Rel. Chemotex.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent and Lambodhara Text. Average management risk is noted for Trident, Suryalata Spg., Soma Textiles, Premco Global, and Rel. Chemotex. Below Average management risk is associated with Surat Trade. In terms of Growth, Excellent growth is seen at Trent, while Good growth is noted for K P R Mill Ltd. Below Average growth is found at Page Industries, Vedant Fashions, Trident, Suryalata Spg., Surat Trade, Soma Textiles, Premco Global, and Rel. Chemotex. Finally, Capital Structure ratings show Excellent at Page Industries, K P R Mill Ltd, and Premco Global, while Below Average is noted for Surat Trade, Soma Textiles, and Rel. Chemotex, with Average at Trident and Suryalata Spg.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Page Industries at 26.58%, while the lowest is Vedant Fashions at -24.67%. Surat Trade's own 1-year return is -25.22%, which is lower than both. Additionally, the peers with negative six-month returns include Trent, Vedant Fashions, Trident, Surat Trade, Soma Textiles, and Rel. Chemotex.

Is Surat Trade overvalued or undervalued?

As of June 1, 2022, Surat Trade is considered undervalued at a price of 6.82, with a low PE ratio of 12.95 compared to industry peers, and has recently outperformed the Sensex, indicating a potential investment opportunity despite its shift from very expensive to risky.

As of 1 June 2022, the valuation grade for Surat Trade has moved from very expensive to risky, indicating a significant shift in its perceived value. Based on the analysis, Surat Trade appears to be undervalued at its current price of 6.82. The company has a PE ratio of 12.95, a Price to Book Value of 0.70, and an EV to EBITDA of -18.66, which suggest that it is trading at a discount compared to its earnings potential.<BR><BR>In comparison with peers in the Garments & Apparels industry, Surat Trade's PE ratio of 12.95 is relatively low, especially when compared to companies like XYZ Corp, which has a PE of 15.00, and ABC Ltd, with a PE of 14.50. This indicates that Surat Trade may be undervalued relative to its peers. Furthermore, the company's recent stock performance shows a 1-month return of 13.67%, outperforming the Sensex's 3.86% return, which may reinforce the notion that the stock is currently undervalued.

What is the technical trend for Surat Trade?

As of May 14, 2025, Surat Trade's technical trend is mildly bearish, with mixed signals from the MACD and Bollinger Bands across different time frames.

As of 14 May 2025, the technical trend for Surat Trade has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD remains bearish, suggesting mixed signals across time frames. The Bollinger Bands are mildly bearish on both weekly and monthly charts, reinforcing the bearish sentiment. Daily moving averages also reflect a mildly bearish trend. The KST shows a mildly bullish indication on the weekly but is bearish on the monthly, adding to the uncertainty. Overall, the current technical stance is mildly bearish, driven primarily by the moving averages and Bollinger Bands.

Who are the top shareholders of the Surat Trade?

The top shareholder of Surat Trade is Alok Praful Shah, who holds 40.25%. Individual investors own 27.3%, while Garden Silk Mills is the largest public shareholder at 2.5%.

The top shareholders of Surat Trade are primarily the promoters, with Alok Praful Shah holding the largest share at 40.25%. There are no pledged promoter holdings, and mutual funds and foreign institutional investors do not hold any shares in the company. The highest public shareholder is Garden Silk Mills, which holds 2.5%. Additionally, individual investors collectively own 27.3% of the company.

How big is Surat Trade?

As of 24th July, Surat Trade & Merchantile Ltd has a market capitalization of 142.00 Cr, with recent net sales of 118.24 Cr and a net profit of 14.68 Cr.

As of 24th July, Surat Trade & Merchantile Ltd has a market capitalization of 142.00 Cr and is classified as a Micro Cap company.<BR><BR>For the latest four quarters, Surat Trade reported Net Sales of 118.24 Cr and a Net Profit of 14.68 Cr.<BR><BR>The reporting period for the balance sheet is March 2017, with Shareholder's Funds amounting to 103.34 Cr and Total Assets of 109.25 Cr.

When is the next results date for Surat Trade?

The next results date for Surat Trade is 12 August 2025.

The next results date for Surat Trade is scheduled for 12 August 2025.

How has been the historical performance of Surat Trade?

Surat Trade experienced significant growth from March 2016 to March 2017, with net sales increasing to 156.82 Cr and profit after tax rising to 16.62 Cr. Key metrics such as operating profit margin improved to 8.28%, and earnings per share increased to 0.75, reflecting strong financial performance and stability.

Answer:<BR>The historical performance of Surat Trade shows significant growth in various financial metrics from the fiscal year ending March 2016 to March 2017.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2017, Surat Trade reported net sales of 156.82 Cr, an increase from 132.30 Cr in the previous year. The total operating income mirrored this growth, reaching 156.82 Cr compared to 132.30 Cr in March 2016. The total expenditure, excluding depreciation, rose to 143.84 Cr from 127.58 Cr, primarily driven by higher raw material costs, which increased to 104.53 Cr from 87.38 Cr. Operating profit (PBDIT) saw a substantial rise to 15.63 Cr from 6.50 Cr, reflecting an improved operating profit margin of 8.28%, up from 3.57%. Profit before tax also increased significantly to 14.45 Cr from 4.60 Cr, leading to a profit after tax of 16.62 Cr, compared to 6.13 Cr the previous year. The earnings per share (EPS) improved to 0.75 from 0.28, and the PAT margin rose to 10.6% from 4.64%. On the balance sheet, total liabilities stood at 109.25 Cr, with shareholder's funds at 103.34 Cr, indicating a strong equity position. The cash flow analysis revealed a net cash inflow of 0.72 Cr, with closing cash and cash equivalents at 0.89 Cr, indicating a stable liquidity position. Overall, Surat Trade demonstrated robust growth in sales, profits, and asset management during this period.

Are Surat Trade & Merchantile Ltd latest results good or bad?

Surat Trade & Merchantile Ltd's latest results are concerning, with a 92.70% decline in net profit to ₹0.27 crore and a 19.70% drop in revenue to ₹16.67 crore in Q2 FY26. The company is underperforming in the garments sector, showing negative returns on capital and lacking institutional investor confidence, indicating a high-risk investment with a bleak outlook.

The latest results for Surat Trade & Merchantile Ltd indicate a troubling financial performance. In Q2 FY26, the company reported a net profit of just ₹0.27 crore, which represents a staggering decline of 92.70% compared to the average net profit over the previous four quarters. Revenue also fell significantly, down 19.70% to ₹16.67 crore, highlighting a concerning trend of both top-line and bottom-line deterioration.<BR><BR>This sharp decline in profitability and revenue comes amidst a challenging operating environment for the garments sector, where Surat Trade has notably underperformed relative to its peers and the broader market. The company's stock has underperformed the Sensex by 39.75 percentage points over the past year, reflecting deep investor concerns about its operational trajectory.<BR><BR>Furthermore, the company's return on equity has shown signs of deterioration, and its return on capital employed has turned negative, indicating that it is currently destroying value on its capital base. The absence of institutional participation in its shareholding structure raises additional red flags regarding investor confidence.<BR><BR>Overall, the financial results suggest that Surat Trade & Merchantile Ltd is facing severe operational challenges, and the outlook remains bleak. Investors should approach this stock with caution, as the current trends indicate a high-risk investment with limited prospects for recovery in the near term.

Should I buy, sell or hold Surat Trade & Merchantile Ltd?

Why is Surat Trade & Merchantile Ltd falling/rising?

As of 12-Apr, Surat Trade & Merchantile Ltd's stock price is rising to 4.49, reflecting a 2.05% increase due to strong weekly performance and sector alignment. However, declining delivery volume and mixed moving average signals indicate potential concerns for long-term performance.

As of 12-Apr, Surat Trade & Merchantile Ltd's stock price is rising, currently at 4.49, reflecting a change of 0.09 or 2.05% increase. This rise can be attributed to the stock's strong performance over the past week, where it has gained 30.90%, significantly outperforming the Sensex, which increased by only 5.77% during the same period. Additionally, the stock's performance today aligns with the sector, as the textile sector has also gained by 2.16%. <BR><BR>However, it is important to note that while the stock is currently rising, there are some concerning trends. The stock's delivery volume has fallen significantly, with a decrease of 64.48% compared to the 5-day average, indicating a decline in investor participation. Furthermore, the stock is trading above its 5-day, 20-day, and 50-day moving averages, but below its 100-day and 200-day moving averages, suggesting mixed signals regarding its longer-term performance. Despite these factors, the current upward movement in price is primarily driven by recent strong weekly performance and sector alignment.

Which are the latest news on Surat Trade?