Source Industries
SOURCEINDUSTRIESLTD NSE
Source Industries
TextilesNSE: SOURCEINDUSTRIESLTD BSE: 521036 Textile Processing
Key Fundamentals
MicrocapTextile ProcessingTextilesMarket Cap
₹60.50 Cr
Volatility
High Risk
P/E Ratio
331.9
EBITDA
₹0.09 Cr
Return on Equity
0.18%
Debt to Equity
0.05
Book Value
₹3.88
52W High
₹53.11
52W Low
₹4.18
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
3- Stock is trading at 14.0 times its book value
- Company has a low return on equity of -0.15% over last 3 years.
- Company has high debtors of 1,413 days.
Growth Rate
Revenue Growth
440% higher than
3Y
Net Income Growth
800% higher than
3Y
Cash Flow Change
-240% higher than
3Y
ROE
-105% lower than
3Y
ROCE
-106% higher than
3Y
EBITDA Margin (Avg.)
174% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.11 | 0.02 | 0.09 | 0.1 | 0.33 | 0.5 |
| Expenses | 0.04 | 0.12 | 0.04 | 0.03 | 0.02 | 0.03 | 0.03 | 0.04 | 0.02 | 0.04 | 0.08 | 0.31 | 0.44 |
| Operating Profit | -0.02 | -0.1 | -0.02 | -0.01 | -0.01 | -0.02 | -0.02 | 0.07 | 0 | 0.05 | 0.02 | 0.02 | 0.06 |
| OPM % | -100% | -500% | -100% | -50% | -100% | -200% | -200% | 63.64% | 0% | 55.56% | 20% | 6.06% | 12% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | -0.02 | -0.1 | -0.02 | -0.01 | -0.01 | -0.02 | -0.02 | 0.07 | 0 | 0.05 | 0.02 | 0.05 | 0.06 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 28.57% | — | 20% | 0% | -20% | 0% |
| Net Profit | -0.02 | -0.1 | -0.02 | -0.01 | -0.01 | -0.02 | -0.02 | 0.06 | 0 | 0.04 | 0.02 | 0.06 | 0.06 |
| EPS in Rs | -0.02 | -0.09 | -0.02 | -0.01 | -0.01 | -0.02 | -0.02 | 0.05 | 0 | 0.04 | 0.02 | 0.05 | 0.05 |
Profit & Loss
| Particulars | 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 | 0.07 | 0.07 | 15.4 | 0.1 | 0.08 | 0.09 | 0.05 | 0.05 | 0.05 | 0.07 | 0.14 | 0.54 | 1.02 |
| Expenses | 0.13 | 0.23 | 15.38 | 0.24 | 0.23 | 0.23 | 0.17 | 0.24 | 0.13 | 0.22 | 0.13 | 0.45 | 0.87 |
| Operating Profit | -0.06 | -0.16 | 0.02 | -0.14 | -0.15 | -0.14 | -0.12 | -0.19 | -0.08 | -0.15 | 0.01 | 0.09 | 0.15 |
| OPM % | -85.71% | -228.57% | 0.13% | -140% | -187.5% | -155.56% | -240% | -380% | -160% | -214.29% | 7.14% | 16.67% | 14.71% |
| Other Income | 0 | 0 | 0 | 0 | 0.05 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0.03 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | -0.06 | -0.16 | 0.02 | -0.14 | -0.1 | -0.14 | -0.12 | -0.19 | -0.08 | -0.15 | 0.01 | 0.12 | 0.18 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
| Net Profit | -0.06 | -0.16 | 0.02 | -0.14 | -0.1 | -0.14 | -0.12 | -0.19 | -0.08 | -0.15 | 0.01 | 0.12 | 0.18 |
| EPS in Rs | -0.05 | -0.14 | 0.02 | -0.12 | -0.09 | -0.12 | -0.11 | -0.17 | -0.07 | -0.13 | 0.01 | 0.11 | 0.16 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.4 | 11.4 | 11.4 | 11.4 | 11.4 | 11.4 | 11.4 | 11.4 | 11.4 | 11.4 | 11.4 | 11.4 |
| Reserves | -6.06 | -6.22 | -6.2 | -6.34 | -6.44 | -6.58 | -6.7 | -6.89 | -6.97 | -7.11 | -7.1 | -6.98 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0.22 | 0.26 | 0.22 | 0.22 | 0.2 | 0.2 |
| Other Liabilities | 1.41 | 1.37 | 4.42 | 0.26 | 0.25 | 0.25 | 0.05 | 0.05 | 0.07 | 0.08 | 0.08 | 0.3 |
| Total Liabilities | 6.75 | 6.55 | 9.62 | 5.32 | 5.21 | 5.07 | 4.97 | 4.82 | 4.72 | 4.59 | 4.58 | 4.92 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 3.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 6.75 | 6.55 | 6.56 | 5.32 | 5.21 | 5.07 | 4.97 | 4.82 | 4.72 | 4.59 | 4.58 | 4.92 |
| Total Assets | 6.75 | 6.55 | 9.62 | 5.32 | 5.21 | 5.07 | 4.97 | 4.82 | 4.72 | 4.59 | 4.58 | 4.92 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -3.64 | -0.06 | 3.4 | -0.01 | -0.15 | -0.17 | 0.01 | -0.16 | 0.06 | -0.05 | -0.17 | -0.05 |
| Investing | 0 | 0 | -3.06 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.24 | 0 |
| Financing | 3.66 | 0 | 0 | 0 | 0 | 0 | 0 | 0.19 | -0.04 | 0 | -0.02 | 0 |
| Net Cash Flow | 0.02 | -0.06 | 0.33 | -0.01 | -0.15 | -0.17 | 0.01 | 0.03 | 0.02 | -0.04 | 0.05 | -0.05 |
| Free Cash Flow | -3.64 | -0.06 | 3.4 | -0.01 | -0.15 | -0.17 | 0.01 | -0.16 | 0.06 | -0.05 | -0.17 | -0.05 |
| CFO/OP | 6,067 | 38 | 17,000 | 7 | 100 | 121 | -8 | 84 | -75 | 33 | -1,700 | -56 |
Ratios
| Particulars | 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 | 17,051 | 16,269 | 67.55 | 5,475 | 6,844 | 6,083 | 10,950 | 10,950 | 10,950 | 7,821 | 4,171 | 1,413 |
| Inventory Days | — | — | 0 | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 17,051 | 16,269 | 67.55 | 5,475 | 6,844 | 6,083 | 10,950 | 10,950 | 10,950 | 7,821 | 4,171 | 1,413 |
| Working Capital Days | 27,375 | 26,854 | 42.19 | 17,192 | 21,718 | 19,386 | 21,243 | 21,024 | 20,002 | 13,766 | 7,326 | 1,886 |
| ROCE % | -1.12% | -3.04% | 0.39% | -2.73% | -2% | -2.86% | -2.46% | -3.92% | -1.7% | -3.28% | 0.22% | 2.63% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Source Industries insights
60 extracted metrics + investor summaries across FY11–FY26.
Documents
3
Shareholder Meeting / Postal Ballot-Outcome of EGM
30 Mar - 30 Mar 2026 EGM approved company name change and new Articles; 6,797,374 votes (100%) in favour. 30 Mar - 30 Mar 2026 EGM approved company name change and new Articles; 6,797,374 votes (100%) in favour.
Frequently Asked Questions about Source Industries
What does Source Industries (India) Ltd do?
Incorporated in 1984, Source Industries (India) Ltd provides textile processing services, including dyeing, bleaching, and finishing.[1]
Where is Source Industries (India) Ltd (521036) listed?
Source Industries (India) Ltd trades as SOURCEINDUSTRIESLTD on the NSE and under code 521036 on the BSE.
Which sector does Source Industries (India) Ltd belong to?
Source Industries (India) Ltd is classified under the Textiles sector, in the Textile Processing industry.
What is the market capitalisation of Source Industries (India) Ltd?
Source Industries (India) Ltd has a market capitalisation of ₹60.5 Cr, which places it in the Small Cap band.
What is the PE ratio of Source Industries (India) Ltd?
Source Industries (India) Ltd trades at a PE ratio of 331.90, against a book value of ₹3.88 per share.
What is the 52-week high and low of Source Industries (India) Ltd?
Over the last 52 weeks Source Industries (India) Ltd has traded between ₹4.18 and ₹53.11.
What is the Return on Equity (ROE) of Source Industries (India) Ltd?
Source Industries (India) Ltd reported a return on equity of 0.18%. Its debt-to-equity ratio is 0.05.
Company Information
Incorporated in 1984, Source Industries (India) Ltd provides textile processing services, including dyeing, bleaching, and finishing.[1]
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