About Sarup Industries
Sarup Industries is a publicly listed company based in Jalandhar (India) founded in 1951. Shoes are manufactured on a contract basis by Sarup Industries. The company has 203 employees. Its Indian entity Sarup Industries Limited reported revenue of ₹16.56 Cr. Its focus areas include Retail, Contract Manufacturers, Fashion and Footwear. Its competitors include Mochiko Group, Condor Footwear India and S R Industries.
Company details
Sarup Industries was established in 1951 as a contract-based manufacturer in the footwear sector. Operations are centered in Jalandhar, India, where production of shoes is handled for various clients. The company focuses on manufacturing services without direct retail involvement. Leadership is provided by Managing Director Atamjit Singh Bawa. Activities remain confined to the Indian market, supporting industrial footwear needs through established processes.
- Headquarters Jalandhar, India
- Employees 203
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website sarupindustries.com
- Legal Name Sarup Industries Limited
- Revenue₹16.08 Cr
FY 2025-26 · +0.7% YoY
- EBITDA₹1.49 Cr
Margin 9.3%
- Net Profit₹0.56 Cr
FY 2025-26 · -13.9% YoY
- P/E (TTM)67.2x
P/B -
- Employee Count203
Associated legal entities of Sarup Industries
Sarup Industries operates through Sarup Industries Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sarup Industries Limited Listed CIN L19113PB1979PLC004014 | Active | 27 Jul 1979 | Jalandhar, Punjab | ₹16.6 Cr | 203 | 8 | View details |
Board of directors of Sarup Industries Limited (Sarup Industries)
Sarup Industries Limited is the primary company behind Sarup Industries. The board of Sarup Industries Limited currently have 6 directors; the longest-serving is Atamjit Singh Bawa, appointed in 2015. 18 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Atamjit Singh Bawa DIN 00807400 | Director | 29 Sep 2015 | 11 yrs 1 mo | Sarup Industries Limited |
| Simarjit Singh Bawa DIN 00851651 | Managing Director | 18 May 2019 | 7 yrs 5 mo | Sarup Industries Limited |
| Rajinder Kumar Bhatia DIN 09294777 | Director | 27 Aug 2021 | 5 yrs 2 mo | Sarup Industries Limited |
| Harjinder Kaur DIN 10524745 | Director | 27 Feb 2024 | 2 yrs 8 mo | Sarup Industries Limited |
| Kamal Jeet Sharma DIN 10649108 | Director | 14 Jun 2024 | 2 yrs 5 mo | Sarup Industries Limited |
| Ajay Kumar Sharma DIN 10668947 | Director | 14 Jun 2024 | 2 yrs 5 mo | Sarup Industries Limited |
People of Sarup Industries
1 people are tracked at Sarup Industries (1 in leadership); the tracked headcount is 203.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership |
Complete people profiles for Sarup Industries
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Sarup Industries
Sarup Industries is a publicly listed company on the BSE with ticker symbol SARUPINDUS in India, operating in the Consumer non-durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date12 Sep 1994
- Listed onBSE: 514412
- Listed entitySarup Industries Limited
- Exchange sectorConsumer non-durables
- ISININE305D01019
- Share price₹105.00 (-0.28% on the day) · 2026-10-12
- Market capitalisation₹34.2 Cr
- Price to earnings67.4
- EPS (diluted, trailing year)₹1.56
- Volume (last session)1
Financials of Sarup Industries
Exchange-reported figures of Sarup Industries Limited, the listed company behind Sarup Industries (BSE: SARUPINDUS).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 16.08 | 15.97 | 11.57 | 9.14 | 12.18 | 9.97 | 21.10 |
| Revenue growth | +0.7% | +38.0% | +26.6% | -25.0% | +22.2% | -52.8% | - |
| EBITDA | 1.49 | 2.27 | 1.17 | 0.12 | 0.79 | (0.40) | (1.64) |
| EBITDA margin | +9.3% | +14.2% | +10.1% | +1.3% | +6.5% | -4.0% | -7.8% |
| Profit before tax | 0.36 | 4.59 | (1.59) | (2.40) | (2.11) | (4.32) | (5.59) |
| Net profit | 0.56 | 0.65 | (1.71) | (2.49) | (2.16) | (4.34) | (5.55) |
| Net profit margin | +3.5% | +4.1% | -14.8% | -27.2% | -17.7% | -43.5% | -26.3% |
| EPS (₹) | 1.75 | 14.72 | (5.24) | (7.68) | (6.66) | (13.38) | (17.07) |
| Balance sheet | |||||||
| Total assets | 36.61 | 35.78 | 37.55 | 36.50 | 39.13 | 44.76 | 45.16 |
| Net worth | (2.41) | (3.01) | (7.78) | (5.75) | (3.26) | (1.09) | 3.26 |
| Total debt | 37.24 | 36.78 | 42.98 | 39.46 | 39.08 | 42.14 | 38.17 |
| Cash & bank | 0.38 | 0.76 | 0.72 | 0.38 | 0.57 | 0.53 | 0.63 |
| Net working capital | 30.30 | 29.53 | 29.18 | 11.12 | 12.86 | 17.85 | 16.83 |
| Cash flow | |||||||
| Cash from operations | 1.14 | 1.61 | 15.01 | 1.65 | 5.45 | (1.15) | (2.65) |
| Cash from investing | (0.92) | 5.99 | (16.23) | 0.00 | (0.28) | (0.06) | (1.26) |
| Cash from financing | (0.59) | (7.56) | 1.55 | (1.84) | (5.12) | 1.10 | (2.68) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.10 | 4.34 | 3.54 | 4.28 | 3.93 | 4.87 | 4.68 | 2.84 |
| Revenue growth (YoY) | -21.1% | -10.9% | -24.4% | +50.7% | +9.2% | - | - | - |
| Other income | 0.17 | 0.48 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 4.14 |
| Total expenses | 2.82 | 4.30 | 3.11 | 3.77 | 3.41 | 4.28 | 4.20 | 2.26 |
| EBITDA | 0.28 | 0.04 | 0.43 | 0.51 | 0.52 | 0.59 | 0.48 | 0.58 |
| EBITDA margin | +9.0% | +0.9% | +12.1% | +11.9% | +13.2% | +12.2% | +10.3% | +20.4% |
| Depreciation | 0.12 | 0.19 | 0.10 | 0.12 | 0.15 | 0.14 | 0.11 | 0.14 |
| Interest | 0.28 | 0.26 | 0.27 | 0.26 | 0.26 | 0.25 | 0.25 | 0.40 |
| Profit before tax | 0.05 | 0.07 | 0.06 | 0.13 | 0.11 | 0.22 | 0.12 | 4.18 |
| Tax | 0.00 | (0.20) | 0.00 | 0.00 | 0.00 | (0.20) | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.10 | 4.34 | 3.54 | 4.28 | 3.93 | 4.87 | 4.68 | 2.84 |
| Revenue growth (YoY) | -21.1% | -10.9% | -24.4% | +50.7% | +9.2% | - | - | - |
| Other income | 0.17 | 0.48 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 4.14 |
| Total expenses | 2.82 | 4.30 | 3.11 | 3.77 | 3.41 | 4.28 | 4.20 | 2.26 |
| EBITDA | 0.28 | 0.04 | 0.43 | 0.51 | 0.52 | 0.59 | 0.48 | 0.58 |
| EBITDA margin | +9.0% | +0.9% | +12.1% | +11.9% | +13.2% | +12.2% | +10.3% | +20.4% |
| Depreciation | 0.12 | 0.19 | 0.10 | 0.12 | 0.15 | 0.14 | 0.11 | 0.14 |
| Interest | 0.28 | 0.26 | 0.27 | 0.26 | 0.26 | 0.25 | 0.25 | 0.40 |
| Profit before tax | 0.05 | 0.07 | 0.06 | 0.13 | 0.11 | 0.22 | 0.12 | 4.18 |
| Tax | 0.00 | (0.20) | 0.00 | 0.00 | 0.00 | (0.20) | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 16.08 | 15.97 | 11.57 | 9.14 | 12.18 | 9.97 | 21.10 |
| Revenue growth | +0.7% | +38.0% | +26.6% | -25.0% | +22.2% | -52.8% | - |
| Other income | 0.48 | 4.19 | 0.04 | 0.56 | 0.13 | 0.07 | 0.15 |
| Total expenses | 14.59 | 13.70 | 10.40 | 9.02 | 11.39 | 10.37 | 22.74 |
| Employee cost | 0.00 | 3.82 | 3.13 | 2.78 | 2.47 | 2.53 | 7.06 |
| EBITDA | 1.49 | 2.27 | 1.17 | 0.12 | 0.79 | (0.40) | (1.64) |
| EBITDA margin | +9.3% | +14.2% | +10.1% | +1.3% | +6.5% | -4.0% | -7.8% |
| Depreciation | 0.56 | 0.51 | 0.74 | 0.82 | 0.87 | 1.03 | 1.26 |
| Interest | 1.05 | 1.36 | 2.06 | 2.26 | 2.16 | 2.96 | 2.84 |
| Profit before tax | 0.36 | 4.59 | (1.59) | (2.40) | (2.11) | (4.32) | (5.59) |
| Tax | (0.20) | (0.20) | 0.12 | 0.09 | 0.05 | 0.02 | (0.04) |
| Net profit | 0.56 | 0.65 | (1.71) | (2.49) | (2.16) | (4.34) | (5.55) |
| Net profit margin | +3.5% | +4.1% | -14.8% | -27.2% | -17.7% | -43.5% | -26.3% |
| EPS (₹) | 1.75 | 14.72 | (5.24) | (7.68) | (6.66) | (13.38) | (17.07) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 |
| Reserves & surplus | (5.66) | (6.26) | (11.03) | (9.00) | (6.51) | (4.34) | 0.01 |
| Shareholders' funds (net worth) | (2.41) | (3.01) | (7.78) | (5.75) | (3.26) | (1.09) | 3.26 |
| Secured loans | 1.50 | 1.36 | 7.73 | 13.46 | 15.99 | 19.19 | 15.36 |
| Unsecured loans | 35.74 | 35.42 | 35.25 | 26.00 | 23.09 | 22.95 | 22.81 |
| Total debt | 37.24 | 36.78 | 42.98 | 39.46 | 39.08 | 42.14 | 38.17 |
| Total liabilities | 36.61 | 35.78 | 37.55 | 36.50 | 39.13 | 44.76 | 45.16 |
| Assets | |||||||
| Gross block | 38.29 | 37.37 | 39.46 | 40.00 | 40.00 | 39.71 | 39.68 |
| Net block | 5.03 | 4.67 | 7.03 | 8.33 | 9.15 | 9.74 | 10.74 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 16.03 | 16.03 | 16.03 | 16.00 |
| Investments | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 |
| Inventories | 45.34 | 44.83 | 42.94 | 24.43 | 25.53 | 29.10 | 29.33 |
| Sundry debtors | 7.16 | 9.56 | 9.47 | 9.59 | 8.96 | 9.96 | 9.45 |
| Cash & bank balances | 0.38 | 0.76 | 0.72 | 0.38 | 0.57 | 0.53 | 0.63 |
| Loans & advances | 3.35 | 4.30 | 3.95 | 4.24 | 4.33 | 4.52 | 4.37 |
| Total current assets | 56.23 | 59.45 | 57.08 | 38.64 | 39.39 | 44.11 | 43.78 |
| Total current liabilities | 25.93 | 29.92 | 27.90 | 27.52 | 26.53 | 26.26 | 26.95 |
| Net working capital | 30.30 | 29.53 | 29.18 | 11.12 | 12.86 | 17.85 | 16.83 |
| Total assets | 36.61 | 35.78 | 37.55 | 36.50 | 39.13 | 44.76 | 45.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.76 | 0.72 | 0.38 | 0.57 | 0.53 | 0.63 | 0.69 |
| Net cash from operating activities | 1.14 | 1.61 | 15.01 | 1.65 | 5.45 | (1.15) | (2.65) |
| Net cash from investing activities | (0.92) | 5.99 | (16.23) | 0.00 | (0.28) | (0.06) | (1.26) |
| Net cash from financing activities | (0.59) | (7.56) | 1.55 | (1.84) | (5.12) | 1.10 | (2.68) |
| Net change in cash | (0.37) | 0.04 | 0.33 | (0.19) | 0.04 | (0.11) | (6.59) |
| Closing cash | 0.38 | 0.76 | 0.72 | 0.38 | 0.57 | 0.53 | 0.63 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +0.7% | +38.0% | +26.6% | -25.0% | +22.2% | -52.8% | - |
| EBITDA growth | -34.4% | +94.0% | +875.0% | -84.8% | +297.5% | +75.6% | - |
| PBT growth | -92.2% | +9998.0% | +33.8% | -13.7% | +51.2% | +22.7% | +42.1% |
| Net income growth | -13.9% | +138.0% | +31.3% | -15.3% | +50.2% | +21.8% | - |
| Revenue CAGR (3Y) | +20.7% | +9.5% | +5.1% | -24.3% | -15.4% | -39.1% | -24.8% |
| EBITDA CAGR (3Y) | +131.6% | +42.2% | - | - | - | +10.1% | - |
| Profitability & leverage | |||||||
| Net income margin | +3.5% | +30.0% | -14.8% | -27.2% | -17.7% | -43.5% | -26.3% |
| Return on capital employed | - | +3.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | - | +9.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 37.01 | 5.90 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 26.32 | 3.67 |
| Interest cover | 112.90 | 77.27 | 479.07 | -322.86 | -2,700.00 | -206.99 | -97.93 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.42 | 0.29 | 0.23 | 0.31 | 0.25 | 0.53 |
| Inventory turnover | - | 0.36 | 0.34 | 0.37 | 0.45 | 0.34 | 0.70 |
| Debtors turnover | - | 1.68 | 1.21 | 0.99 | 1.29 | 1.03 | 2.27 |
| EPS (₹) | 1.75 | 14.72 | (5.24) | (7.68) | (6.66) | (13.38) | (17.07) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | (9.26) | (23.91) | (17.69) | (10.01) | (3.34) | 10.04 |
Competitors of Sarup Industries
Sarup Industries has 3 listed competitors in our database. They include Mochiko Group, Condor Footwear India and S R Industries.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mochiko.in | 2007 | Dehradun, India | 11,287 | Brand of men & women footwear | ||
| condorgroup.in | 1995 | Surat, India | 674 | Manufactures PU footwear in India and exports to over 45 countries through wholesale and online channels. | ||
| srfootwears.com | 1989 | Sahibzada Ajit Singh Nagar, India | 20 | Footwear is manufactured on a contract basis in India. |
Detailed competitors of Sarup Industries
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Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as Sarup Industries (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Industrial components, mould bases, and storage solutions are manufactured globally. | 1986 | Coimbatore, Tamil Nadu, India | USD 28 M | USD 853.09 M | 43 | |
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | USD 114.37 M | 618 | ||
Apparel and clothing are manufactured and exported on contract. | 1979 | Bengaluru, Karnataka, India | USD 400 M | 40,280 |
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Frequently Asked Questions about Sarup Industries
Sarup Industries was founded in 1951.
Sarup Industries is headquartered in Jalandhar, India. It is registered at Jalandhar, Punjab, India.
Sarup Industries has 203 employees.
The primary company behind Sarup Industries, Sarup Industries Limited, reported revenue of ₹16.56 Cr for FY 2026, up 1% year on year.
Sarup Industries was established in 1951 as a contract-based manufacturer in the footwear sector. Operations are centered in Jalandhar, India, where production of shoes is handled for various clients. The company focuses on manufacturing services without direct retail involvement. Leadership is provided by Managing Director Atamjit Singh Bawa. Activities remain confined to the Indian market, supporting industrial footwear needs through established processes.
Sarup Industries's top competitors include Mochiko Group, S R Industries and Condor Footwear India.
Yes, Sarup Industries is publicly traded on BSE under the ticker symbol SARUPINDUS.
Sarup Industries operates through Sarup Industries Limited.
The legal entities of Sarup Industries currently have 8 directors, including Atamjit Singh Bawa, Simarjit Singh Bawa, Rajinder Kumar Bhatia and others.