SEL Manufacturing Company Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹71 Cr
- Price to sales
- 5.63
- Debt to equity
- 0.00
- 52W high / low
- ₹38.8 / ₹20.8
- Sales growth (5Y)
- -39.44%
- EBITDA margin
- -50.59%
- Net profit margin
- -1123.98%
- Promoter holding
- 75.00%
- Sales (last year)
- ₹13 Cr
Incorporated in 1969, SEL Manufacturing Company Ltd is in the business of manufacturing, processing & trading of yarns, fabrics, ready-made garments and towels[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Textiles & Apparels
on management's own guidance
- Strong growth2
- Strong growth1
- Sumeet IndustrieGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
SEL Manufacturing Company latest results (Sep 2026)
Revenue
₹4 Cr
-31% YoY
Net profit
₹-40 Cr
Operating margin
-6%
EPS
₹-12.04
SEL Manufacturing Company shareholding (Mar 2026)
Promoters
75.00%
unchanged QoQ
FIIs
0.08%
unchanged QoQ
DIIs
10.81%
−0.38 pp QoQ
Public
14.11%
+0.37 pp QoQ
Peers
Textiles & Apparels companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹582 Cr | 94.0 | |
| 2 | 40%+ | Flat | ₹430 Cr | 23.6 | |
| 3 | Sumeet Industrie | 20–40% | Up 2%+ | ₹747 Cr | 34.4 |
| 4 | 20–40% | Up 2%+ | ₹344 Cr | 25.5 | |
| 5 | 20–40% | Up 0–2% | ₹2,574 Cr | 11.2 | |
| 6 | 20–40% | Up 0–2% | ₹1,108 Cr | 59.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels rankingFinancials of SEL Manufacturing Company
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
SEL Manufacturing Company
Shareholding breakup across reporting periods.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
| FIIs + | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.13% | 0.08% | 0.08% |
| DIIs + | 21.73% | 21.32% | 19.55% | 19.21% | 18.36% | 13.91% | 12.78% | 11.80% | 11.72% | 11.54% | 11.19% | 10.81% |
| Public + | 3.15% | 3.55% | 5.31% | 5.66% | 6.51% | 10.97% | 12.09% | 13.07% | 13.15% | 13.32% | 13.74% | 14.11% |
| No. of Shareholders | 22,691 | 22,509 | 23,532 | 23,044 | 23,072 | 24,691 | 25,198 | 25,320 | 25,246 | 25,023 | 24,839 | 24,432 |
Pros & Cons
SEL Manufacturing Company
Key positives and risks surfaced from the company insights section.
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -39.4% over past five years.
- Promoters have pledged 36.0% of their holding.
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -39.4% over past five years.
- Promoters have pledged 36.0% of their holding.
Financials of SEL Manufacturing Company
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 96 | 12 | 28 | 21 | 5 | 5 | 3 | 6 | 5 | 2 | 2 | 3 | 4 |
| YoY Sales growth | +46% | -92% | -88% | -91% | -95% | -62% | -90% | -72% | +9% | -55% | -18% | -48% | -31% |
| Expenses + | 117 | 18 | 32 | 24 | 7 | 7 | 5 | 7 | 7 | 4 | 4 | 5 | 4 |
| Operating Profit | -21 | -6 | -4 | -3 | -2 | -2 | -2 | -1 | -1 | -2 | -2 | -2 | -0 |
| OPM % | -22% | -52% | -14% | -16% | -42% | -53% | -79% | -13% | -23% | -83% | -70% | -62% | -6% |
| Other Income + | -2 | 17 | 1 | 11 | -0 | 28 | 4 | 1 | 1 | 2 | 2 | 0 | 1 |
| Interest | 15 | 15 | 15 | 16 | 17 | 18 | 18 | 18 | 21 | 19 | 22 | 19 | 20 |
| Depreciation | 24 | 24 | 23 | 24 | 23 | 23 | 23 | 23 | 23 | 21 | 21 | 21 | 21 |
| Profit before tax | -62 | -28 | -42 | -32 | -43 | -16 | -40 | -41 | -44 | -41 | -42 | -42 | -40 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit + | -62 | -28 | -42 | -32 | -43 | -16 | -40 | -41 | -44 | -41 | -42 | -42 | -40 |
| EPS in Rs | -18.58 | -8.43 | -12.53 | -9.54 | -13.00 | -4.83 | -12.09 | -12.39 | -13.35 | -12.30 | -12.63 | -12.68 | -12.04 |
Financials of SEL Manufacturing Company
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,323 | 1,945 | 1,711 | 988 | 458 | 285 | 189 | 420 | 554 | 374 | 33 | 15 | 11 |
| Sales growth | -21% | -16% | -12% | -42% | -54% | -38% | -34% | +122% | +32% | -32% | -91% | -53% | -40% |
| Expenses + | 2,038 | 1,680 | 2,192 | 1,251 | 488 | 346 | 331 | 426 | 626 | 429 | 43 | 21 | 16 |
| Operating Profit | 285 | 266 | -481 | -263 | -30 | -61 | -142 | -6 | -71 | -55 | -10 | -5 | -5 |
| OPM % | 12% | 14% | -28% | -27% | -6% | -21% | -75% | -1.4% | -13% | -15% | -30% | -34% | -49% |
| Other Income + | 123 | -197 | -137 | -1,285 | -94 | -2,371 | 5,355 | 10 | 30 | 17 | 43 | 6 | 5 |
| Interest | 248 | 342 | 123 | 8 | 3 | 1 | 2 | 30 | 43 | 60 | 70 | 80 | 81 |
| Depreciation | 293 | 284 | 114 | 112 | 109 | 108 | 107 | 106 | 102 | 95 | 94 | 88 | 84 |
| Profit before tax | -133 | -558 | -854 | -1,667 | -236 | -2,541 | 5,104 | -131 | -186 | -193 | -131 | -168 | -164 |
| Tax % | -32% | -28% | -35% | 33% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| Net Profit + | -91 | -402 | -558 | -2,222 | -236 | -2,541 | 5,104 | -131 | -186 | -193 | -131 | -168 | -164 |
| EPS in Rs | -2.74 | -12.13 | -16.83 | -67.05 | -7.12 | -76.69 | 1,540.36 | -39.63 | -56.11 | -58.23 | -39.45 | -50.66 | -49.65 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of SEL Manufacturing Company
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 331 | 331 | 331 | 331 | 331 | 331 | 33 | 33 | 33 | 33 | 33 | 33 | 33 |
| Reserves | 757 | 390 | -129 | -2,365 | -2,601 | -5,149 | 383 | 231 | 115 | -90 | -242 | -433 | -527 |
| Borrowings + | 4,041 | 4,241 | 4,152 | 6,139 | 6,129 | 6,141 | 959 | 1,017 | 932 | 940 | 962 | 985 | 997 |
| Other Liabilities + | 361 | 369 | 391 | 269 | 267 | 272 | 117 | 105 | 144 | 172 | 196 | 274 | 313 |
| Total Liabilities | 5,489 | 5,332 | 4,745 | 4,374 | 4,127 | 1,595 | 1,492 | 1,385 | 1,225 | 1,055 | 948 | 859 | 816 |
| Fixed Assets + | 2,123 | 1,838 | 1,756 | 1,615 | 1,506 | 1,399 | 1,281 | 1,174 | 1,073 | 977 | 883 | 795 | 754 |
| CWIP | 179 | 185 | 163 | 170 | 169 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 |
| Investments | 560 | 235 | 9 | 2,021 | 2,022 | 1 | 2 | 1 | 1 | 1 | 0 | 0 | 0 |
| Other Assets + | 2,627 | 3,073 | 2,817 | 568 | 429 | 153 | 167 | 168 | 109 | 34 | 23 | 22 | 20 |
| Total Assets | 5,489 | 5,332 | 4,745 | 4,374 | 4,127 | 1,595 | 1,492 | 1,385 | 1,225 | 1,055 | 948 | 859 | 816 |
Financials of SEL Manufacturing Company
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -415 | 105 | 344 | 253 | 366 | -10 | 891 | 35 | 44 | 37 | 67 | 78 |
| Cash from Investing Activity + | -11 | 21 | -8 | -1,954 | 1 | 4 | -8 | 3 | 16 | 15 | 2 | -0 |
| Cash from Financing Activity + | 460 | -137 | -347 | 1,695 | -366 | 3 | -878 | -43 | -60 | -52 | -70 | -78 |
| Net Cash Flow | 34 | -10 | -11 | -6 | 2 | -3 | 5 | -4 | 0 | 0 | -0 | -0 |
| Free Cash Flow | -526 | 93 | 334 | 267 | 368 | -9 | 890 | 35 | 59 | 41 | 68 | 78 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -145% | 40% | -71% | -117% | -1,230% | 16% | -628% | -595% | -62% | -67% | -686% | -1,464% |
Financials of SEL Manufacturing Company
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 117 | 169 | 213 | 50 | 34 | 91 | 121 | 49 | 4 | 1 | 10 | 13 |
| Inventory Days | 287 | 413 | 179 | 29 | 173 | 155 | 696 | 145 | 44 | 19 | 163 | 557 |
| Days Payable | 55 | 51 | 31 | 28 | 200 | 383 | 396 | 97 | 70 | 106 | 929 | 3,272 |
| Cash Conversion Cycle | 349 | 531 | 361 | 51 | 6 | -137 | 421 | 97 | -22 | -86 | -757 | -2,702 |
| Working Capital Days | 111 | 122 | -25 | -1,454 | -3,502 | -6,514 | 36 | 15 | -60 | -260 | -5,436 | -18,394 |
| ROCE % | 2% | 2% | -11% | -8% | -2% | -4% | -18% | -8% | -14% | -15% | -13% | -14% |
SEL Manufacturing Company: frequently asked questions
What is SEL Manufacturing Company share price today?
SEL Manufacturing Company last traded at ₹21.56, with a market capitalisation of ₹71 Cr.
What were SEL Manufacturing Company's latest quarterly results?
For the quarter ended Sep 2026, SEL Manufacturing Company reported revenue of ₹4 Cr (-31% year on year) and net profit of ₹-40 Cr, with an operating margin of -6%.
Is SEL Manufacturing Company's profit growing?
Net profit was ₹-40 Cr in Sep 2026 against ₹-44 Cr in Sep 2025.
What is SEL Manufacturing Company's EPS?
SEL Manufacturing Company's earnings per share for the quarter ended Sep 2026 was ₹-12.04.
What is the promoter holding in SEL Manufacturing Company?
Promoters held 75.00% of SEL Manufacturing Company in Mar 2026 (unchanged versus Dec 2025).
How much do FIIs and DIIs hold in SEL Manufacturing Company?
In Mar 2026, foreign institutional investors held 0.08% and domestic institutions (including mutual funds) held 10.81% of SEL Manufacturing Company.
What is SEL Manufacturing Company's ROE and ROCE?
SEL Manufacturing Company's return on equity is not available and its return on capital employed is -13.9%.
Does SEL Manufacturing Company pay a dividend?
SEL Manufacturing Company's dividend yield is 0% at the current price; see the SEL Manufacturing Company dividends page for past payouts.
Which sector does SEL Manufacturing Company belong to?
SEL Manufacturing Company is in the Textiles & Apparels sector. Its peer comparison and sector ranking are on this page.
What did SEL Manufacturing Company's management say on the latest earnings call?
Arthneeti's analysis of the Q2 FY27 earnings call covers revenue, margins, capex and fundraising guidance from SEL Manufacturing Company's management.
How does Arthneeti AI analyse SEL Manufacturing Company?
Arthneeti reads SEL Manufacturing Company's earnings call transcripts and filings and scores revenue growth, margins, capex and fundraising, then ranks the company against its sector.
Continue your research
What SEL Manufacturing Company's management said in earlier quarters
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