Richway International Trade Ltd (SUULD) — shareholding pattern, promoter holding, financials and share price
About Richway International Trade Ltd (SUULD)
Richway International Trade Ltd operates in the Garments & Apparels industry, within the Textiles sector. It trades on the NSE as SUULD and on the BSE under scrip code 780011. Its ISIN is INE591Q01016.
Incorporated in 1985, Suumaya Industries Ltd is in the business of textile, medical textile, agri commodities, and retailing of groceries and staples [1]
Suumaya Industries Limited is primarily engaged in manufacturing designer women's wear, including kurtis, ethnic tops, and salwar suits. Originally incorporated in 2011 as Richway Infrastructure Limited, the company transitioned from real estate to textiles in 2017.
Following the acquisition of Suumaya Fashions in 2017, the company expanded into manufacturing, consolidating trading and production of various garments and accessories.
Listed peers in Garments & Apparels: Neelam Linens and Garments (India) Ltd, Vaxtex Cotfab Ltd, Visagar Polytex Ltd, Vashishtha Luxury Fashion Ltd, Samtex Fashions Ltd, Mish Designs Ltd.
Valuation & Returns
At ₹1.57 a share, Richway International Trade Ltd (SUULD) was valued at a price-to-earnings ratio of -0.01x against an industry P/E of 32.1x. Solomo computes return on equity of 137.32% and return on capital employed of -77.7% from filed results.
- P/E
- -0.01x
- Industry P/E
- 32.1x
- EPS (TTM)
- ₹-169.79
- Book value / share
- ₹-41.18
- ROE
- 137.32%
- ROCE
- -77.7%
- ROA
- -111.58%
- Debt / equity
- -1.19x
- Dividend yield
- 0%
- EBITDA margin
- -143.13%
- 52-week range
- ₹1.43 – ₹2.34
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2024In the year ended Mar 2024, Richway International Trade Ltd (SUULD) reported revenue of ₹1,188 crore, net profit of ₹-995 crore and earnings per share of ₹-147.76. That compares with revenue of ₹663 crore and net profit of ₹-468 crore in Mar 2023. Figures are consolidated, as filed with the exchanges.
In the quarter ended Jun 2024, revenue was ₹16 crore and net profit ₹-862 crore (consolidated).
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 211 | 4,262 | 12,816 | 663 | 1,188 |
| Net profit (₹ cr) | 8 | 406 | 873 | -468 | -995 |
| EPS (₹) | 1.69 | 72.39 | 148.81 | -76.55 | -147.76 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 4.13% | -43.23% | -52.73% | -94.82% |
| Profit growth | - | - | - | -153.63% |
| Stock price CAGR | - | -64% | -42% | -30% |
Ownership Summary
Mar 2024As of Mar 2024, promoters hold 20.38% of Richway International Trade Ltd (SUULD) (down 3.38 pp QoQ). Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2014.
Largest disclosed public shareholders in Mar 2024: JAYASEELAN SINGARAVELU 130%, SACHIN MADHUKAR DAWNE 106%, ARC AGROBASKET LLP 100%, USHIK MAHESH GALA 14.4%, BHAVNA AUTO PUREINFRA PRIVATE LIMITED 8.6%, ISHITA MAHESH GALA 5.98%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Mar 2024 | 20.38% | - | - | - | - |
| Dec 2023 | 23.76% | - | - | - | - |
| Sep 2023 | 23.76% | - | - | - | - |
| Jun 2023 | 23.76% | - | - | - | - |
| Mar 2023 | 24.39% | - | - | - | - |
| Dec 2022 | 24.32% | - | - | - | - |
| Sep 2022 | 38.5% | - | - | - | - |
| Jun 2022 | 30.24% | - | - | - | - |