SBC

SBC Exports Limited

Readymade garments exporter and institutional manpower supplier

Consumer Discretionary›Textiles›Textiles & Apparels›Garments & Apparels

sbcexportslimited.com

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Key metrics

Price as of 2026-10-16

Stock price

₹63.33

Market cap

3,016 Cr

Stock P/E

74.7

P/B

30.08

Dividend yield

0.1%

ROE (FY26)

31.5%

ROCE (FY26)

14.8%

Operating margin (FY26)

7.8%

Debt / equity (FY26)

2.83

OCF / EBITDA (FY26)

-216.4%

OCF / EBITDA (3Y)

-214.3%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

SBC Exports makes and exports readymade garments from India, and also earns revenue from IT support services, institutional manpower supply and a small tour and travel arm.

Company snapshot

6thBy market cap

Ranked among 31 companies in Garments & Apparels.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 39.1% of revenue

Segment	Revenue share	Revenue	PBT	Assets
Garments Sales	39.1%	28 Cr	4 Cr	161 Cr
IT Support Services	30.3%	22 Cr	1 Cr	7 Cr
Tour & Travel Services	31.2%	22 Cr	0.30 Cr	26 Cr

What we see

Positives

✓Return on equity of 31.5% — the company generates strong returns on shareholders' money.

Concerns

✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

Metric	Dec 2023	Mar 2024	Jun 2024	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026	Sept 2026
Sales	52 Cr	69 Cr	66 Cr	66 Cr	72 Cr	96 Cr	72 Cr	85 Cr	104 Cr	142 Cr	121 Cr	164 Cr
Operating expenses (approx.)	48 Cr	65 Cr	60 Cr	60 Cr	70 Cr	92 Cr	67 Cr	74 Cr	93 Cr	136 Cr	108 Cr	150 Cr
EBITDA	4 Cr	4 Cr	6 Cr	6 Cr	2 Cr	5 Cr	5 Cr	10 Cr	12 Cr	6 Cr	13 Cr	15 Cr
OPM %	7.5%	5.7%	9.2%	8.7%	2.6%	4.7%	7.5%	12.1%	11.3%	4.2%	10.8%	9.0%
Other income	0.75 Cr	2 Cr	1 Cr	2 Cr	4 Cr	1 Cr	0.35 Cr	4 Cr	4 Cr	6 Cr	4 Cr	5 Cr
Interest	1 Cr	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr	2 Cr	4 Cr	3 Cr	4 Cr	4 Cr
Depreciation	0.33 Cr	0.44 Cr	0.41 Cr	0.42 Cr	0.43 Cr	0.34 Cr	0.38 Cr	0.41 Cr	0.50 Cr	0.51 Cr	0.50 Cr	0.57 Cr
Profit before tax	3 Cr	3 Cr	5 Cr	5 Cr	4 Cr	4 Cr	3 Cr	11 Cr	11 Cr	8 Cr	13 Cr	15 Cr
Tax %	0.0%	0.0%	0.0%	0.0%	2.3%	0.0%	0.0%	0.0%	0.0%	0.0%	24.7%	26.2%
Net profit	3 Cr	3 Cr	5 Cr	5 Cr	4 Cr	4 Cr	3 Cr	11 Cr	11 Cr	8 Cr	10 Cr	11 Cr
EPS (₹)	₹0.14	₹0.10	₹0.17	₹0.17	₹0.11	₹0.08	₹0.07	₹0.24	₹0.24	₹0.17	₹0.20	₹0.24

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	169 Cr	196 Cr	209 Cr	300 Cr	403 Cr	Sign in free for the trailing twelve months
Operating expenses (approx.)	161 Cr	185 Cr	193 Cr	282 Cr	370 Cr	Sign in free for the trailing twelve months
EBITDA	8 Cr	11 Cr	17 Cr	18 Cr	33 Cr	Sign in free for the trailing twelve months
OPM %	4.5%	5.4%	8.0%	6.1%	8.3%	Sign in free for the trailing twelve months
Other income	0.36 Cr	2 Cr	4 Cr	9 Cr	14 Cr	Sign in free for the trailing twelve months
Interest	2 Cr	2 Cr	6 Cr	7 Cr	11 Cr	Sign in free for the trailing twelve months
Depreciation	0.71 Cr	1 Cr	2 Cr	2 Cr	2 Cr	Sign in free for the trailing twelve months
Profit before tax	6 Cr	9 Cr	13 Cr	18 Cr	34 Cr	Sign in free for the trailing twelve months
Tax %	38.7%	25.9%	27.0%	27.2%	26.2%	Sign in free for the trailing twelve months
Net profit	3 Cr	7 Cr	9 Cr	13 Cr	25 Cr	Sign in free for the trailing twelve months
EPS (₹)	₹0.16	₹0.33	₹0.30	₹0.28	₹0.53	Sign in free for the trailing twelve months
Dividend payout %	0.0%	0.0%	0.0%	11.9%	0.0%	Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	21 Cr	21 Cr	32 Cr	48 Cr	48 Cr
Reserves	5 Cr	14 Cr	13 Cr	8 Cr	33 Cr
Borrowings	—	—	25 Cr	136 Cr	227 Cr
Other liabilities	71 Cr	80 Cr	116 Cr	80 Cr	129 Cr
Total liabilities	97 Cr	115 Cr	185 Cr	271 Cr	437 Cr
Fixed assets (net)	6 Cr	8 Cr	23 Cr	25 Cr	25 Cr
CWIP	0 Cr	0.23 Cr	0.57 Cr	3 Cr	15 Cr
Investments	0 Cr	0 Cr	0 Cr	5 Cr	4 Cr
Loans & advances	6 Cr	7 Cr	12 Cr	46 Cr	109 Cr
Inventories	25 Cr	30 Cr	35 Cr	87 Cr	106 Cr
Trade receivables	50 Cr	56 Cr	91 Cr	82 Cr	136 Cr
Cash & bank	4 Cr	5 Cr	5 Cr	13 Cr	18 Cr
Other assets	6 Cr	10 Cr	18 Cr	9 Cr	23 Cr
Total assets	97 Cr	115 Cr	185 Cr	271 Cr	437 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	5 Cr	-12 Cr	-5 Cr	-69 Cr	-72 Cr
Cash from investing	-4 Cr	-6 Cr	-20 Cr	-5 Cr	-13 Cr
Cash from financing	0.68 Cr	19 Cr	25 Cr	82 Cr	91 Cr
Net cash flow	0.81 Cr	0.95 Cr	0.32 Cr	8 Cr	5 Cr
Free cash flow (OCF − Capex)	3 Cr	-16 Cr	-22 Cr	-76 Cr	-86 Cr

Ratios

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	27.5%	33.1%	27.3%	13.3%	14.8%
ROE %	13.1%	19.7%	21.3%	24.0%	31.5%
Debtor days	108	104	158	100	123
Inventory days	62	68	87	144	163
Days payable	92	75	157	85	134
Cash conversion cycle	77	97	89	159	151
OCF / EBITDA %	60.4%	-115.8%	-28.8%	-381.8%	-216.4%
OCF / EBITDA % (3 years)	—	—	-35.7%	-189.9%	-214.3%
Debt / equity	—	0.00	0.56	2.45	2.83
Current ratio	1.34	1.37	1.32	1.25	1.22
Net debt / EBITDA	-0.49	-0.44	1.19	6.78	6.25