Partner With Us NRI

Sportking India Ltd share Price Today

Company details

6M Return 1.44%
1Y Return 6.87%
Mkt Cap.(Cr) 1,010.59
Volume 10,792
Div Yield 0.00%
OI Chg %
Volume 10,792

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Textiles company Sportking India announced Q1FY24 results:

  • The second phase of capacity expansion i.e. 63,072 spindles will start contributing fully to the topline from Q2FY24 – added almost 35% to the existing capacity in the last 1 year
  • Additional 10 MW of rooftop solar power capacity has come online taking the aggregate capacity to 20 MW. The remaining 5 MW will be operationalized by September of this financial year. This will enable cost savings in terms of power cost per unit.
  • Achieved stable gross profit and EBITDA margins despite industry headwinds.
  • Revenue from operation stood at Rs 539 crore for Q1FY24, up every quarter.
  • EBITDA for Q1FY24 is Rs 50 crore with a margin of 9%
  • Cash Profit after Tax for Q1FY24 was Rs 38 crore

Commenting on the results, Munish Avasthi, Chairman & Managing Director said, “I am pleased to announce that despite facing headwinds like volatile cotton prices as well as demand uncertainties in the recent past we have achieved steady revenue and consistent margins in the current quarter. Our revenue from operations saw a 47% share from exports, indicating our competitiveness in the international market.

Looking ahead, we are optimistic about the future as cotton prices in India seem to have stabilized, making our country's textile industry more competitive globally. Moreover, with China reopening its economy, the international scenario appears favorable for our industry.

We anticipate a positive trend in demand in the upcoming quarters as retailers complete their de-stocking phase. To capitalize on the same, we announced a phased capacity expansion of around 1,00,000 spindles (a 35% increase on our existing capacity) about a year ago. This capacity expansion combined with ensuring industry-best utilization levels will allow us to operate on a larger scale, leading to growth. This has predictably increased our depreciation and well as finance costs – affecting our bottom line in the current quarter. However, as the last phase of capacity becomes fully operational in the next quarter (Q2FY24), we are confident that it will positively impact both our top line and bottom line. We are thus optimistic not only about the sector but also about our company's prospects.

Overall, we remain positive about the future and our ability to thrive in the challenging yet promising textile industry.”




Result PDF

View Other Company Results


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Sportking India Ltd Stocks COMPARISION


Equity Capital: 899.71 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,382.05 35,983.55
LAST 3M 58,542.74 18,995.44
LAST 6M 99,640.08 90,958.37
LAST 12M 166,983.77 138,194.89

Sportking India Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Sportking India Ltd was incorporated on 15 Feb.`89 by Raj Kumar Avasthi and his family members. The Company emerged as one of India`s leading textile company & owns 3 state-of-the-art manufacturing facilities in India equipped with latest machinery, producing yarns that are a benchmark in quality. The Company produces well diversified range of grey and dyed textile yarns to cater to the demands of weaving and knitting industry in domestic as well as international markets. Prior to this, it was engaged in the business of hosiery knitwears and readymade garments at New Delhi. Due to shortage of skilled and semi-skilled labour in hosiery knitwear and readymade garments, the company suspended this activities in 1993-94. The company diversified its activities by installation of 6520 spindles at Meharban (Ludhiana district), Punjab, to manufacture acrylic yarn, which commenced commercial production on 3 Dec.`93. In 1995, the company embarked on an expansion programme to set up a new spinning unit with a complement of 12,000 spindles in the first phase, out of the envisaged capacity of 25,000 spindles for the manufacture of acrylic / synthetic yarn, at Kanech, Punjab. In order to part-finance the project, it came out with a public issue in Dec.`95. In 2018-19, the Company expanded at Bathinda Unit adding 68K spindles with state-of-the-art plant for manufacturing of cotton compant yarn. In June 2022, the Company commissioned 10.2 MW Rooftop Solar Power Project at Bathinda Unit. In 2022-23, it commissioned two additional capacity projects. The first phase of 40,800 spindles of manufacturing of polyester cotton yarn in quarter second, and the second phase of 63,072 spindles in the end of quarter four.

Registered Address

5/69 Guru Mansion 1st Floor, Padam Singh Road Karol Bagh, New Delhi, New Delhi, 110055

Tel : 91-11-25754885
Email : cs:sportking.Coin
Website : http://www.sportking.co.in

Beetal Fin.&Computer Ser.P Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 539221
Book Closure Date (Month) :
BSE Group : B
ISIN : INE885H01011

FAQ’s on Sportking India Ltd Shares

You can buy Sportking India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Sportking India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 08, 2023 03:56 PM the closing price of Sportking India Ltd was ₹ 795.30.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 08, 2023 03:56 PM, the market cap of Sportking India Ltd stood at ₹ 1,010.59.

The latest PE ratio of Sportking India Ltd as of Dec 08, 2023 03:56 PM is 12.23

The latest PB ratio of Sportking India Ltd as of Dec 08, 2023 03:56 PM is 0.86

The 52-week high of Sportking India Ltd is ₹ 948.15 while the 52-week low is ₹ 638.00

Download Our App

market app
market app