SEL India

Ludhiana, India Founded: 1969 • Age: 57 yrs Listed
Yarn and fabric processing is conducted by SEL in India.

About SEL India

SEL India is a publicly listed company based in Ludhiana (India) founded in 1969 by Saluja RS. Yarn and fabric processing is conducted by SEL in India. The company has 328 employees. Its chief executive, as recorded, is Shah Jusz. Its Indian entity Sel Manufacturing Company Limited reported revenue of ₹21.20 Cr.

Company details

SEL was established in 1969 in Ludhiana, India, by founder Saluja RS. The company operates within the textile sector, specializing in yarn and fabric processing. Leadership is provided by CEO Shah Jusz. Activities are centered on processing services for yarn and fabrics, with operations based in India and accessible via selindia.in. Focus remains on core textile manufacturing processes in the region.

  • Headquarters Ludhiana, India
  • Employees 328
  • Founders Saluja RS
  • Stage Public
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website selindia.in
  • Social LinkedIn
  • Legal Name Sel Manufacturing Co. Ltd.
Key Metrics
  • Market Cap
    ₹71.67 Cr

    SELMC · NSE

  • Share Price
    ₹20.76

    -4.02% today

  • Revenue
    ₹374 Cr

    FY 2023-24 · -32.5% YoY

  • EBITDA
    −₹58.23 Cr

    Margin -15.6%

  • Net Profit
    −₹208 Cr

    FY 2023-24 · +1.5% YoY

  • Debt / Equity
    20.32

    Interest cover -38.9x

  • Employee Count
    328

Board of directors of Sel Manufacturing Company Limited (SEL India)

Sel Manufacturing Company Limited is the primary company behind SEL India. The board of Sel Manufacturing Company Limited currently have 4 directors; the longest-serving is Shashankrai, appointed in 2021. 28 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Shashankrai
DIN 08916697
Additional Director13 Mar 20215 yrs 7 moSel Manufacturing Company Limited
Rajeev Bhalla
DIN 00551773
Managing Director13 Mar 20215 yrs 7 moSel Manufacturing Company Limited
Naveen Arora
DIN 09114375
Whole-time director08 Apr 20215 yrs 6 moSel Manufacturing Company Limited
Dharminder Pal
DIN 11229145
Director05 Aug 20251 yr 2 moSel Manufacturing Company Limited

People of SEL India

2 people are tracked at SEL India (2 in leadership); the tracked headcount is 328.

NameRoleGroup
Saluja RS
FounderLeadership
Shah Jusz
CEOLeadership
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Complete people profiles for SEL India

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  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of SEL India

SEL India is a publicly listed company on the NSE with ticker symbol SELMC in India, operating in the Process industries 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 date26 Oct 2021
  • Listed onNSE: SELMC
  • Listed entitySEL Manufacturing Co. Ltd.
  • Exchange sectorProcess industries
  • ISININE105I01020
  • Share price₹22.65 (-4.99% on the day) · 2026-10-12
  • Market capitalisation₹77.0 Cr
  • EPS (diluted, trailing year)₹-50.95
  • Volume (last session)24,047

Financials of SEL India

Exchange-reported figures of Sel Manufacturing Company Limited, the listed company behind SEL India (NSE: SELMC).

Financial Highlights

FY 2023-24 · Consolidated
Revenue
₹374 Cr
-32.5% YoY
EBITDA
−₹58.23 Cr
+19.9% YoY
Profit After Tax
−₹208 Cr
+1.5% YoY
Net Worth
−₹56.39 Cr
-138.0% YoY
Total Assets
₹884 Cr
-18.5% YoY
Total Debt
₹940 Cr
+0.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Income statement
Revenue3745544201903536071,263
Revenue growth-32.5%+32.0%+120.7%-46.0%-41.9%-51.9%-
EBITDA(58.23)(72.68)(5.88)(150)(539)(311)(1,908)
EBITDA margin-15.6%-13.1%-1.4%-78.9%-152.8%-51.3%-151.2%
Profit before tax(193)(186)(131)2,507(587)(372)(2,013)
Net profit(208)(211)(136)(248)(125)(127)(1,270)
Net profit margin-55.6%-38.1%-32.4%-130.5%-35.5%-20.9%-100.6%
EPS (₹)(58.23)(56.11)(39.62)756.69(17.73)(11.24)0.00
Balance sheet
Total assets8841,0851,2811,3762,2882,9053,306
Net worth(56.39)149264416(3,315)(2,720)(2,348)
Total debt9409321,0179595,6005,6235,650
Cash & bank3.393.347.4112.463.005.724.81
Net working capital(142)(51.40)42.1731.61(238)107351
Cash flow
Cash from operations37.1944.1736.12(1,226)600534385
Cash from investing15.1316.392.539946.18(9.37)62.13
Cash from financing(52.29)(60.47)(42.90)237(609)(523)(456)
ParticularsMar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022
Revenue28.0111.8196.1223822814365.65118
Revenue growth (YoY)-87.7%-91.7%+46.4%+102.3%+97.1%---
Other income0.9317.030.361.10(1.47)1.8224.126.58
EBITDA(3.79)(6.13)(23.41)(24.28)(24.41)(10.96)(16.74)(20.10)
EBITDA margin-13.5%-51.9%-24.4%-10.2%-10.7%-7.7%-25.5%-17.1%
Depreciation23.4823.8023.7924.0924.5725.1525.1526.71
Interest15.1915.0414.7514.6411.5910.9010.0510.62
Profit before tax(41.53)(27.94)(61.59)(61.91)(62.04)(45.19)(27.82)(50.85)
Tax0.000.000.000.000.000.000.000.00
Net profit(41.53)(27.94)(61.59)(61.91)(62.04)(45.19)(27.82)(50.85)
EPS (₹)(12.53)(8.43)(18.58)(18.69)(18.72)(13.64)(8.40)(15.35)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue15.4332.87374554420190291
Revenue growth-53.1%-91.2%-32.5%+32.0%+120.7%-34.6%-
EBITDA(5.32)(10.02)(58.23)(72.68)(5.92)(150)(2,509)
EBITDA margin-34.5%-30.5%-15.6%-13.1%-1.4%-78.6%-861.9%
Profit before tax(168)(131)(193)(186)(131)5,104(2,541)
Net profit(173)(173)(208)(211)(136)(249)(93.53)
Net profit margin-1124.0%-526.2%-55.6%-38.1%-32.4%-130.6%-32.1%
EPS (₹)(50.66)(39.45)(58.23)(56.11)(39.63)1,540.36(76.69)
Balance sheet
Total assets-7538841,0851,2861,3761,324
Net worth-(209)(56.39)148264416(4,772)
Total debt-9629409321,0179596,095
Cash & bank-3.003.393.347.4112.442.16
Net working capital-(178)(142)(51.53)49.1431.55(129)
Cash flow
Cash from operations-67.0037.1944.1735.22891(9.88)
Cash from investing-2.2915.1316.393.45(8.08)4.39
Cash from financing-(69.70)(52.29)(60.47)(42.90)(878)2.56
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3.012.322.055.315.752.844.524.89
Revenue growth (YoY)-47.7%-18.3%-54.7%+8.6%-72.1%---
Other income0.042.501.690.620.963.7327.980.02
Total expenses4.873.953.766.546.515.086.927.37
EBITDA(1.86)(1.63)(1.71)(1.23)(0.76)(2.24)(2.40)(2.48)
EBITDA margin-61.8%-70.3%-83.4%-23.2%-13.2%-78.9%-53.1%-50.7%
Depreciation20.7720.7721.4322.5123.1623.2023.3323.27
Interest19.4121.9619.3021.1018.0918.3518.2517.36
Profit before tax(42.00)(41.86)(40.75)(44.22)(41.05)(40.06)(16.00)(43.09)
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Nov 2026
ParticularsMar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022
Revenue28.0111.8196.1223822814365.65118
Revenue growth (YoY)-87.7%-91.7%+46.4%+102.3%+97.1%---
Other income0.9317.030.361.10(1.47)1.8224.126.58
EBITDA(3.79)(6.13)(23.41)(24.28)(24.41)(10.96)(16.74)(20.10)
EBITDA margin-13.5%-51.9%-24.4%-10.2%-10.7%-7.7%-25.5%-17.1%
Depreciation23.4823.8023.7924.0924.5725.1525.1526.71
Interest15.1915.0414.7514.6411.5910.9010.0510.62
Profit before tax(41.53)(27.94)(61.59)(61.91)(62.04)(45.19)(27.82)(50.85)
Tax0.000.000.000.000.000.000.000.00
Net profit(41.53)(27.94)(61.59)(61.91)(62.04)(45.19)(27.82)(50.85)
EPS (₹)(12.53)(8.43)(18.58)(18.69)(18.72)(13.64)(8.40)(15.35)
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Revenue3745544201903536071,263
Revenue growth-32.5%+32.0%+120.7%-46.0%-41.9%-51.9%-
Other income20.0331.509.802,76699.0391.6954.81
Total expenses4326274263418919183,171
Employee cost25.7445.3281.6250.2690.27115127
EBITDA(58.23)(72.68)(5.88)(150)(539)(311)(1,908)
EBITDA margin-15.6%-13.1%-1.4%-78.9%-152.8%-51.3%-151.2%
Depreciation95.16102106107145146149
Interest59.6143.1629.541.772.636.8410.61
Profit before tax(193)(186)(131)2,507(587)(372)(2,013)
Tax0.000.000.000.000.000.00514
Net profit(208)(211)(136)(248)(125)(127)(1,270)
Net profit margin-55.6%-38.1%-32.4%-130.5%-35.5%-20.9%-100.6%
EPS (₹)(58.23)(56.11)(39.62)756.69(17.73)(11.24)0.00
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Equity & liabilities
Share capital33.1333.1333.1333.13377373370
Reserves & surplus(89.52)115231383(3,692)(3,094)(2,718)
Shareholders' funds (net worth)(56.39)149264416(3,315)(2,720)(2,348)
Minority interest0.00(0.11)(0.11)(0.11)0.170.180.15
Secured loans7388106386453,2503,8554,373
Unsecured loans2021223793142,3511,7681,278
Total debt9409321,0179595,6005,6235,650
Total liabilities8841,0851,2811,3762,2882,9053,306
Assets
Gross block2,9262,9282,9302,9323,9713,9723,983
Net block9771,0731,1761,2812,0102,1552,309
Capital work in progress42.4642.4642.4642.46432559559
Investments1.300.880.811.7541.8242.8142.50
Inventories17.1652.6835.7422.6141.9272.72114
Sundry debtors0.815.9156.6262.5474.1459.01211
Cash & bank balances3.393.347.4112.463.005.724.81
Loans & advances7.7026.3846.0950.36124395448
Total current assets29.0688.31146148243532778
Total current liabilities171140104116480425428
Net working capital(142)(51.40)42.1731.61(238)107351
Total assets8841,0851,2811,3762,2882,9053,306
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Opening cash2.942.857.102.655.394.1712.45
Net cash from operating activities37.1944.1736.12(1,226)600534385
Net cash from investing activities15.1316.392.539946.18(9.37)62.13
Net cash from financing activities(52.29)(60.47)(42.90)237(609)(523)(456)
Net change in cash0.030.10(4.25)4.45(2.74)1.23(8.28)
Closing cash3.393.347.4112.463.005.724.81
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Growth
Sales growth-32.5%+32.0%+120.7%-46.0%-41.9%-51.9%-
EBITDA growth+19.9%-1136.1%+96.1%+72.1%-73.2%+83.7%-
PBT growth-3.8%-41.6%-+9998.0%-57.7%+81.5%-132.8%
Net income growth+1.5%-55.3%+45.2%-98.7%+1.6%+90.0%-
Revenue CAGR (3Y)+25.3%+16.3%-11.5%-46.8%-44.7%-37.3%-23.9%
EBITDA CAGR (3Y)-27.1%-48.7%-73.4%-57.1%-6.5%--
Profitability & leverage
Net income margin-51.6%-33.5%-31.3%+1316.9%-166.6%-61.4%-200.2%
Return on capital employed0.0%0.0%0.0%-12.6%0.0%0.0%0.0%
Return on net worth0.0%0.0%0.0%+18.5%0.0%0.0%0.0%
Debt / equity20.324.722.900.000.000.000.00
Long-term debt / equity18.604.582.870.000.000.000.00
Interest cover-38.86-24.77-26.49-0.69-0.38-1.50-0.52
Efficiency & per share
Fixed asset turnover0.130.190.140.060.090.150.32
Inventory turnover10.7212.5414.405.906.156.502.20
Debtors turnover111.3917.737.052.795.304.491.85
EPS (₹)(58.23)(56.11)(39.62)756.69(17.73)(11.24)0.00
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)(17.02)44.8379.63125.65(101.41)(83.37)(72.03)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3.012.322.055.315.752.844.524.89
Revenue growth (YoY)-47.7%-18.3%-54.7%+8.6%-72.1%---
Other income0.042.501.690.620.963.7327.980.02
Total expenses4.873.953.766.546.515.086.927.37
EBITDA(1.86)(1.63)(1.71)(1.23)(0.76)(2.24)(2.40)(2.48)
EBITDA margin-61.8%-70.3%-83.4%-23.2%-13.2%-78.9%-53.1%-50.7%
Depreciation20.7720.7721.4322.5123.1623.2023.3323.27
Interest19.4121.9619.3021.1018.0918.3518.2517.36
Profit before tax(42.00)(41.86)(40.75)(44.22)(41.05)(40.06)(16.00)(43.09)
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue15.4332.87374554420190291
Revenue growth-53.1%-91.2%-32.5%+32.0%+120.7%-34.6%-
Other income5.7742.7820.0331.509.805,36276.60
Total expenses20.7542.894326274263402,800
Employee cost0.008.3825.7445.3281.6750.2667.92
EBITDA(5.32)(10.02)(58.23)(72.68)(5.92)(150)(2,509)
EBITDA margin-34.5%-30.5%-15.6%-13.1%-1.4%-78.6%-861.9%
Depreciation87.8793.7495.16102106107108
Interest80.4669.7459.6143.1629.541.771.21
Profit before tax(168)(131)(193)(186)(131)5,104(2,541)
Tax0.000.000.000.000.000.000.00
Net profit(173)(173)(208)(211)(136)(249)(93.53)
Net profit margin-1124.0%-526.2%-55.6%-38.1%-32.4%-130.6%-32.1%
EPS (₹)(50.66)(39.45)(58.23)(56.11)(39.63)1,540.36(76.69)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital-33.1333.1333.1333.1333.13377
Reserves & surplus-(242)(89.52)115231383(5,149)
Shareholders' funds (net worth)-(209)(56.39)148264416(4,772)
Secured loans-5767358109078964,507
Unsecured loans-38620512211062.321,588
Total debt-9629409321,0179596,095
Total liabilities-7538841,0851,2861,3761,324
Assets
Gross block-2,9262,9262,9282,9282,9322,955
Net block-8839771,0731,1741,2811,399
Capital work in progress-42.4642.4642.4642.4642.4642.46
Investments-0.061.300.880.811.751.33
Inventories-9.0317.1652.6835.7422.6127.42
Sundry debtors-0.870.815.9156.6262.5471.11
Cash & bank balances-3.003.393.347.4112.442.16
Loans & advances-4.928.0726.2548.2850.3041.58
Total current assets-17.8229.4388.18148148142
Total current liabilities-19517114098.91116271
Net working capital-(178)(142)(51.53)49.1431.55(129)
Total assets-7538841,0851,2861,3761,324
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash-2.972.942.857.081.824.75
Net cash from operating activities-67.0037.1944.1735.22891(9.88)
Net cash from investing activities-2.2915.1316.393.45(8.08)4.39
Net cash from financing activities-(69.70)(52.29)(60.47)(42.90)(878)2.56
Net change in cash-(0.41)0.030.10(4.23)5.26(2.93)
Closing cash-3.003.393.347.4112.442.16
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-53.1%-91.2%-32.5%+32.0%+120.7%-34.6%-
EBITDA growth+46.9%+82.8%+19.9%-1127.7%+96.0%+94.0%-
PBT growth-28.4%+32.3%-3.8%-41.6%-+9998.0%-976.8%
Net income growth-0.3%+16.9%+1.5%-55.3%+45.2%-165.8%-
Revenue CAGR (3Y)-69.7%-57.2%+25.3%+24.0%-2.9%-42.3%-44.6%
EBITDA CAGR (3Y)-58.2%+19.2%-27.0%-69.3%-69.1%-54.6%+52.5%
Profitability & leverage
Net income margin-1088.0%-397.7%-51.6%-33.5%-31.3%+2680.9%-873.1%
Return on capital employed-0.0%0.0%0.0%0.0%-16.8%0.0%
Return on net worth-0.0%0.0%0.0%0.0%+12.0%0.0%
Debt / equity-0.0020.344.732.910.000.00
Long-term debt / equity-0.0018.634.582.870.000.00
Interest cover-86.34-67.21-38.86-24.77-26.48-0.69-0.05
Efficiency & per share
Fixed asset turnover-0.010.130.190.140.060.10
Inventory turnover-2.5110.7212.5414.407.616.74
Debtors turnover-39.13111.3917.737.052.855.12
EPS (₹)(50.66)(39.45)(58.23)(56.11)(39.63)1,540.36(76.69)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.00(63.11)(17.02)44.7979.57125.60(145.40)

Web traffic of SEL India

The website of SEL India (selindia.in) receives about 1.3K visits a month.

  • Monthly visits
    1.3K

    ▼ 12.6% vs previous month

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Frequently Asked Questions about SEL India

SEL India was founded in 1969.

SEL India is headquartered in Ludhiana, India. It is registered at Ludhiana, Punjab, India.

Shah Jusz is the CEO of SEL India, as recorded in our data.

SEL India has 328 employees.

The primary company behind SEL India, Sel Manufacturing Company Limited, reported revenue of ₹21.20 Cr for FY 2026, down 53% year on year.

SEL was established in 1969 in Ludhiana, India, by founder Saluja RS. The company operates within the textile sector, specializing in yarn and fabric processing. Leadership is provided by CEO Shah Jusz. Activities are centered on processing services for yarn and fabrics, with operations based in India and accessible via selindia.in. Focus remains on core textile manufacturing processes in the region.

Yes, SEL India is publicly traded on NSE under the ticker symbol SELMC.

SEL India operates through Sel Manufacturing Company Limited.

The legal entities of SEL India currently have 4 directors, including Naveen Arora, Shashankrai, Rajeev Bhalla and others.

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