| Market Cap | ₹909.32 CrSmall Cap |
|---|---|
| P/E TTM | 16.94Sector 49.82 |
| 1-Year Return | 76.24%Stock Performance |
| Deal value | ₹8.23 Cr |
| Share of market cap | 0.9% |
| Share of annual revenue | 1.2% |
Key highlights
- Allotment of 4,65,000 equity shares of face value ₹10 at a premium of ₹226 per share
- Receipt of ₹8,23,05,000 representing the remaining 75% exercise price of ₹177 per warrant
- Company's paid-up share capital increased from ₹26.42 crore to ₹26.88 crore post-allotment
- Promoter and Promoter Group holding adjusted to 63.06% from 62.72% following the conversion
- Major conversion by Divine Suiting Private Limited involving 3,84,000 equity shares
Capital Inflow Through Warrant Conversion
The Board of Directors of Swaraj Suiting, during its meeting on October 30, 2026, approved the conversion of warrants into 4,65,000 equity shares. This conversion was triggered following the receipt of the remaining exercise price of ₹177 per warrant, which represents 75% of the total issue price of ₹236. The aggregate cash consideration received for this allotment stands at ₹8.23 crore.
These newly allotted shares carry the same rights as existing equity shares and will rank pari-passu in all respects. This move follows the in-principle approval previously received from the National Stock Exchange on January 23, 2026.
Impact on Shareholding and Ownership Structure
- The allotment involves five specific investors including Divine Suiting Private Limited and four individual allottees
- Promoter and Promoter Group shareholding has increased to 63.06% post-conversion from 62.72% previously
- Public shareholding is now recorded at 36.94%, with 99,29,624 shares held in this category
- Divine Suiting Private Limited's individual holding has increased to 21.52% of the total share capital
- The total number of equity shares in the company has reached 2,68,83,260 following this corporate action
Business Performance and Expansion Outlook
Swaraj Suiting has provided management guidance indicating a normalized EBITDA margin in the range of 18% to 20% for its current product mix. The company is currently executing a significant ₹420 crore expansion involving Ring Spinning, Open End Spinning, and Technical Textiles Pilot divisions, with commercial production scheduled to commence by Q1 FY28. Furthermore, the company estimates eligible government incentives between ₹170 crore and ₹180 crore over seven years for its Neemuch facility.
For the quarter ended June 2026, the company reported a net profit of ₹16.42 crore on a revenue of ₹183.37 crore, representing an 83.5% year-on-year growth in net profit.
What to watch next
- Declaration of unaudited financial results for the quarter ended September 30, 2026
- Progress updates on the ₹420 crore spinning and advanced materials expansion
- Commencement of commercial production at new pilot divisions by Q1 FY28
| Share price | ₹344.2 |
|---|---|
| Market capitalisation | ₹909.32 Cr |
| Revenue (annual) | ₹576.74 Cr |
| Net profit (annual) | ₹53.68 Cr |
| Revenue (latest quarter) | ₹183.37 Cr-11.52% vs previous quarter |
| Net profit (latest quarter) | ₹16.42 Cr-33.48% vs previous quarter |
| P/E (TTM) | 16.94×Sector 49.82× |
| Promoter holding | 62.72%-1.97% QoQ |
| FII holding | 0.08%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Swaraj Suiting Limited announcing the outcome of the Board Meeting regarding allotment of equity shares on warrant conversion. Market figures from a third-party data provider.
