Sumeet Industries Ltd(SUMEETINDS)

NSE: SUMEETINDSBSE: 514211

₹ 9.38-1.57%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 652 crNext results: 31 Oct 2026Website: www. sumeetindustries.comUpdated: 24 Oct 2026

About

Sumeet Industries makes polyester yarns, including POY, FDY, texturized yarn, micro filament yarn and dope dyed yarn, as well as textile grade PET chips. It makes them at an integrated facility at Karanj (Surat) that covers the full process from melt to DTY. Revenue was 1050.42 (Rs Cr) in FY26. The company exited CIRP on 16.07.2024, and Eagle Group took over its management.^[1][2][3]

Business and products

The company reports a single segment, yarn manufacturing in India, with revenue of Rs 1003.23 Cr in FY25.^[3]
Products as of FY26: POY, FDY, texturized yarn, micro filament yarn, dope dyed yarn and textile grade PET chips.^[1]
Value-added yarns (dope-dyed, bright, cationic) made up 30-35% of yarn production in Q1 FY27. The target is 50% over time.^[4]
Cationic bright yarn was described as the major revenue contributor in Q2 FY26.^[5]

Plant and capacity

The company has one integrated facility at Karanj (Surat), running from melt to DTY. The site is close to both raw material suppliers and end users.^[1]
Installed capacity as of FY25: CP plant 1,00,800 TPA, POY 52,500, FDY 45,500, texturizing 5,400 and recycled chips 2,700.^[3]
Total production capacity was stated as 1,00,000 TPA in Q1 FY27. Yarn drawing capacity was 240 tons/day in Q2 FY27.^[4]
A 14 MW (DC) solar plant at Moravada in Junagarh district, Gujarat, run through Hi Urja Techno LLP, supplies power.^[1]

Key operating numbers

Capacity utilisation was about 98-100% in FY26, compared with 90-95% in Q2 FY26.^[4][5]
Production volume fell 17% QoQ in Q1 FY27 because of a 15-day maintenance shutdown and scarce, volatile PTA and MEG supply.^[4]
Gross margin fell to about 15% in Q1 FY27, against historical levels of 20-25%, because of crude-linked raw material inflation.^[4]
Renewable sources met about 30% of power consumption in Q1 FY27. Annual electricity cost was about Rs 100 crores as of Q2 FY26.^[4][5]
Receivable days were 30-45 days in Q1 FY27. The customer credit period was 7-10 days in Q2 FY26.^[4][5]

Customers and markets

About 90% of products were sold in Surat as of Q2 FY26. About 5% went to related party Eagle Group.^[5]
Large FY25 customers included Aadhidev Polytex (37,618.87) and Tirupati Textile (30,194.89).^[3]
As of Q3 FY26, the company had started deemed exports of texturized yarn through Indian agents to Malaysia, Vietnam and African countries. Direct exports are planned.^[6]

Expansion and capex

A 30 ton/day FDY plant was commissioned in July - August 2026, in Q2 FY27.^[4]
The company acquired the Nakoda Limited CP plant (1,40,000 TPA of PET chips) under CIRP for Rs 23.47 crores, within a total capex of Rs 90 crore. Commissioning is targeted for Q2 FY28.^[4]
Subsidiary Sumeet Speciality Chips Ltd (99.99% held by the company) will run the Nakoda plant and make bottle grade PET chips.^[1]
Planned funding to SSCL: Rs 100 cr in 2026-27 and Rs 80 cr in 2027-28.^[1]
A 6.5 MW captive solar plant is expected in Q4 FY27. The FY26 annual report says the solar project funded from rights proceeds was deferred, and another 12 MW solar project is under approval.^[4][1]

Recent developments

In Q1 FY27 the rights issue was completed: 16.84 crore shares were allotted at Rs 11.86 each, raising Rs 199.75 crores.^[4]
Rs 9.00 crores of the Axis Bank term loan was repaid from rights issue proceeds.^[1]
The HDFC term loan is to be repaid on schedule from internal accruals because early repayment carries a 2.7% prepayment penalty.^[1]
The company is seeking approval for limits of up to Rs 250 crores for loans and guarantees.^[1]

Market Cap

₹652 Cr

High / Low

₹36 / 9

Stock P/E

23.8

Price / Book

3.1

Book Value

₹4

EPS

₹0.4

No. of Shares

52.63 Cr

ROCE

14.4%

ROE

13.8%

OPM

4.0%

Debt / Equity

0.75

Sales

₹1,050 Cr

Net Profit

₹27 Cr

Promoter holding

70.3%

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