Sumeet Industries
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Sumeet Industries disclosed detailed utilisation plans for its ₹199.75 crore rights issue, allocating ₹100 crore to working capital, ₹49.90 crore to integrate a recently acquired polyester chips plant from Nakoda, ₹23 crore for debt repayment and ₹22 crore for a captive solar facility. The company guided for 30% revenue growth in the current financial year, projecting FY27 total income of around ₹1,370 crore, and said revenue could nearly double in FY28 once the new capacity comes online. The rights issue, priced at ₹11.86 per share on an 8:25 basis, opens on June 22. Management expects EBITDA margins to improve to between 5% and 6% in FY27 and up to 6.5% in FY28. The fundraise follows a ₹23.47 crore acquisition of Nakoda's Phase-3 assets and a separate ₹30 crore capacity expansion plan announced earlier.
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Sumeet Industries disclosed detailed utilisation plans for its ₹199.75 crore rights issue, allocating ₹100 crore to working capital, ₹49.90 crore to integrate a recently acquired polyester chips plant from Nakoda, ₹23 crore for debt repayment and ₹22 crore for a captive solar facility. The company guided for 30% revenue growth in the current financial year, projecting FY27 total income of around ₹1,370 crore, and said revenue could nearly double in FY28 once the new capacity comes online. The rights issue, priced at ₹11.86 per share on an 8:25 basis, opens on June 22. Management expects EBITDA margins to improve to between 5% and 6% in FY27 and up to 6.5% in FY28. The fundraise follows a ₹23.47 crore acquisition of Nakoda's Phase-3 assets and a separate ₹30 crore capacity expansion plan announced earlier.
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June 19 (Reuters) - Sumeet Industries Ltd SUIN.NS:
SUMEET INDUSTRIES LTD - ANNOUNCES RIGHTS ISSUE OF ABOUT 2 BILLION RUPEES
Source text: [ID:]
Further company coverage: SUIN.NS
(([email protected];))
June 19 (Reuters) - Sumeet Industries Ltd SUIN.NS:
SUMEET INDUSTRIES LTD - ANNOUNCES RIGHTS ISSUE OF ABOUT 2 BILLION RUPEES
Source text: [ID:]
Further company coverage: SUIN.NS
(([email protected];))
May 29 (Reuters) - Sumeet Industries Ltd SUIN.NS:
MARCH-QUARTER CONSOL PROFIT 37.8 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.66 BILLION RUPEES
Source text: ID:nnAZN4SZI8I
Further company coverage: SUIN.NS
(([email protected];))
May 29 (Reuters) - Sumeet Industries Ltd SUIN.NS:
MARCH-QUARTER CONSOL PROFIT 37.8 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.66 BILLION RUPEES
Source text: ID:nnAZN4SZI8I
Further company coverage: SUIN.NS
(([email protected];))
March 17 (Reuters) - Sumeet Industries Ltd SUIN.NS:
SUMEET INDUSTRIES - APPROVES LETTER OF INTENT FOR ACQUISITION OF NAKODA LIMITED ASSETS
SUMEET INDUSTRIES LTD - DEAL FOR 234.7 MILLION RUPEES
Source text: ID:nNSE5X36zd
Further company coverage: SUIN.NS
(([email protected];))
March 17 (Reuters) - Sumeet Industries Ltd SUIN.NS:
SUMEET INDUSTRIES - APPROVES LETTER OF INTENT FOR ACQUISITION OF NAKODA LIMITED ASSETS
SUMEET INDUSTRIES LTD - DEAL FOR 234.7 MILLION RUPEES
Source text: ID:nNSE5X36zd
Further company coverage: SUIN.NS
(([email protected];))
Feb 12 (Reuters) - Sumeet Industries Ltd SUIN.NS:
SUMEET INDUSTRIES LTD - DEC-QUARTER CONSOL PROFIT 90.4 MILLION RUPEES
SUMEET INDUSTRIES LTD - DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.67 BILLION RUPEES
Source text: ID:nBSEl5lQq
Further company coverage: SUIN.NS
(([email protected];))
Feb 12 (Reuters) - Sumeet Industries Ltd SUIN.NS:
SUMEET INDUSTRIES LTD - DEC-QUARTER CONSOL PROFIT 90.4 MILLION RUPEES
SUMEET INDUSTRIES LTD - DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.67 BILLION RUPEES
Source text: ID:nBSEl5lQq
Further company coverage: SUIN.NS
(([email protected];))
Jan 19 (Reuters) - Sumeet Industries Ltd SUIN.NS:
TO RAISE UP TO 2 BILLION RUPEES VIA RIGHTS ISSUE
Source text: ID:nBSE760d7V
Further company coverage: SUIN.NS
(([email protected];;))
Jan 19 (Reuters) - Sumeet Industries Ltd SUIN.NS:
TO RAISE UP TO 2 BILLION RUPEES VIA RIGHTS ISSUE
Source text: ID:nBSE760d7V
Further company coverage: SUIN.NS
(([email protected];;))
Jan 6 (Reuters) - Sumeet Industries Ltd SUIN.NS:
SUMEET INDUSTRIES LTD - TO CONSIDER ISSUE OF SHARES WORTH 1 BILLION RUPEES
SUMEET INDUSTRIES LTD - TO CONSIDER SOLAR OR WIND CAPTIVE POWER PLANT PROPOSAL
Source text: ID:nBSE4nKTft
Further company coverage: SUIN.NS
(([email protected];))
Jan 6 (Reuters) - Sumeet Industries Ltd SUIN.NS:
SUMEET INDUSTRIES LTD - TO CONSIDER ISSUE OF SHARES WORTH 1 BILLION RUPEES
SUMEET INDUSTRIES LTD - TO CONSIDER SOLAR OR WIND CAPTIVE POWER PLANT PROPOSAL
Source text: ID:nBSE4nKTft
Further company coverage: SUIN.NS
(([email protected];))
Feb 1 (Reuters) - Sumeet Industries Ltd SUIN.NS:
DEC-QUARTER CONSOL LOSS 165.4 MILLION RUPEES VERSUS LOSS 251.3 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.27 BILLION RUPEES VERSUS 2.65 BILLION RUPEES
Source text for Eikon: ID:nBSEBv4Cp
Further company coverage: SUIN.NS
(([email protected];))
Feb 1 (Reuters) - Sumeet Industries Ltd SUIN.NS:
DEC-QUARTER CONSOL LOSS 165.4 MILLION RUPEES VERSUS LOSS 251.3 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.27 BILLION RUPEES VERSUS 2.65 BILLION RUPEES
Source text for Eikon: ID:nBSEBv4Cp
Further company coverage: SUIN.NS
(([email protected];))
Aug 10 (Reuters) - Sumeet Industries Ltd SUIN.NS:
INDIA'S SUMEET INDUSTRIES JUNE-QUARTER CONSOL LOSS 157.5 MILLION RUPEES VERSUS LOSS 53 MILLION RUPEES
SUMEET INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.45 BILLION RUPEES VERSUS 2.96 BILLION RUPEES
Source text for Eikon: ID:nBSEKqt0T
Further company coverage: SUIN.NS
(([email protected];;))
Aug 10 (Reuters) - Sumeet Industries Ltd SUIN.NS:
INDIA'S SUMEET INDUSTRIES JUNE-QUARTER CONSOL LOSS 157.5 MILLION RUPEES VERSUS LOSS 53 MILLION RUPEES
SUMEET INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.45 BILLION RUPEES VERSUS 2.96 BILLION RUPEES
Source text for Eikon: ID:nBSEKqt0T
Further company coverage: SUIN.NS
(([email protected];;))
May 30 (Reuters) - Sumeet Industries Ltd SUIN.NS:
INDIA'S SUMEET INDUSTRIES LTD MARCH-QUARTER CONSOL PROFIT 50.9 MILLION RUPEES VERSUS LOSS 80 MILLION RUPEES YEAR AGO
SUMEET INDUSTRIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.37 BILLION RUPEES VERSUS 2.83 BILLION RUPEES YEAR AGO
Source text for Eikon: [ID:]
Further company coverage: SUIN.NS
(([email protected];))
May 30 (Reuters) - Sumeet Industries Ltd SUIN.NS:
INDIA'S SUMEET INDUSTRIES LTD MARCH-QUARTER CONSOL PROFIT 50.9 MILLION RUPEES VERSUS LOSS 80 MILLION RUPEES YEAR AGO
SUMEET INDUSTRIES LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.37 BILLION RUPEES VERSUS 2.83 BILLION RUPEES YEAR AGO
Source text for Eikon: [ID:]
Further company coverage: SUIN.NS
(([email protected];))
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Popular questions
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What does Sumeet Industries do?
Sumeet Industries, a key player in India's polyester sector, operates globally with exports to various countries. It has five major divisions and an integrated manufacturing facility for polyester production.
Who are the competitors of Sumeet Industries?
Sumeet Industries major competitors are Filatex India, Nitin Spinners, Pashupati Cotspin, GHCL Textiles, Nahar Spinning Mills, Ambika Cotton Mills, Precot. Market Cap of Sumeet Industries is ₹2,298 Crs. While the median market cap of its peers are ₹1,034 Crs.
Is Sumeet Industries financially stable compared to its competitors?
Sumeet Industries seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Sumeet Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Sumeet Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Sumeet Industries allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Sumeet Industries balance sheet?
Balance sheet of Sumeet Industries is strong. But short term working capital might become an issue for this company.
Is the profitablity of Sumeet Industries improving?
The profit is oscillating. The profit of Sumeet Industries is ₹30.66 Crs for TTM, ₹170 Crs for Mar 2025 and -₹59.01 Crs for Mar 2024.
Is the debt of Sumeet Industries increasing or decreasing?
Yes, The net debt of Sumeet Industries is increasing. Latest net debt of Sumeet Industries is ₹121 Crs as of Mar-26. This is greater than Mar-25 when it was -₹10.03 Crs.
Is Sumeet Industries stock expensive?
Yes, Sumeet Industries is expensive. Latest PE of Sumeet Industries is 84.08, while 3 year average PE is 7.42. Also latest EV/EBITDA of Sumeet Industries is 42.16 while 3yr average is 11.48.
Has the share price of Sumeet Industries grown faster than its competition?
Sumeet Industries has given better returns compared to its competitors. Sumeet Industries has grown at ~213.54% over the last 3yrs while peers have grown at a median rate of 14.08%
Is the promoter bullish about Sumeet Industries?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Sumeet Industries is 89.83% and last quarter promoter holding is 89.83%.
Are mutual funds buying/selling Sumeet Industries?
There is Insufficient data to gauge this.