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  4. /SBC Exports Ltd
MomentumDeep Value

SBC Exports Ltd: Why Is It Outperforming Nifty 500?

Active
RS +13.0%Weak12w Streak

In Week of May 10, 2026, SBC Exports Ltd (Textiles - Readymade Apparel) is outperforming Nifty 500 with +13.0% relative strength. Fundamentals: Weak. On a 12-week streak.

SBC Exports Ltd Key Facts

PE Ratio
53.5x
Price/Book
20.74x
Market Cap
₹1,607 Cr
PAT Growth YoY
+175%
Revenue Growth YoY
+44%
OPM
11.0%
RS vs Nifty 500
+13.0%
PE: Mid ExpansionRiding Wave

What's Happening

📊Debt increased 46% YoY — leverage rising
👔Promoter stake down 13.6% this quarter
🌐FII stake increased 1.4% this quarter
💰Trading 40% above estimated fair value — significant premium

Earnings Acceleration Triggers

1. Value Added Product Mix Shift
Q3 FY26HIGH
2. Order Book Or Contract Wins
FY26HIGH

Key Risks

1. Regional wars hindering garment export growth and increasing logistics costs
MEDIUM
2. High dependence on government contracts (GeM) makes the company vulnerable to po
HIGH
3. Cotton price fluctuations impacting garment segment margins
MEDIUM

Sector-Specific Signals

Order Book₹300 Cr
Garment Revenue Mix34.5%
IT & Manpower Revenue Mix32.8%
Debt to Equity2.82Increased

Key Numbers

PAT Growth YoY
+175%
Stable
Revenue YoY
+44%
Stable
Operating Margin
11.0%
+800 bps YoY
PE Ratio
53.5
PEG Ratio
0.77
EV/EBITDA
50.7
Current Price
₹34
Fundamental Score
31/100
Weak
3Y PAT CAGR
+63%
Market Cap
1.6K Cr
Valuation
Significantly Overvalued

12-Week Performance

Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.

12 weeks agoThis week

Why Are SBC Exports Ltd's Earnings Accelerating?

Based on Q3 FY26 (web) earnings • Updated Apr 18, 2026

Value Added Product Mix Shift

Expected: Q3 FY26HIGH confidence

What: IT Revenue Mix: 32.8%

Impact: Margin expansion to 11.3%

Order Book Or Contract Wins

Expected: FY26HIGH confidence

What: Order Book: ₹300 Cr

Impact: Revenue growth of 45%

What Are the Key Risks for SBC Exports Ltd?

Earnings deceleration risks from management commentary

Regional wars hindering garment export growth and increasing logistics costs

MEDIUM

Trigger: Regional wars hindering garment export growth and increasing logistics costs.

Management view: Diversifying revenue mix into domestic IT services as a hedge.

Monitor: geopolitical

High dependence on government contracts (GeM) makes the company vulnerable to po

HIGH

Trigger: High dependence on government contracts (GeM) makes the company vulnerable to policy changes.

Management view: Not Explained in Source

Monitor: regulatory

Cotton price fluctuations impacting garment segment margins

MEDIUM

Trigger: Cotton price fluctuations impacting garment segment margins.

Management view: Not Explained in Source

Monitor: commodity

What Did SBC Exports Ltd Report This Quarter?

Headline numbers from the latest earnings call

Revenue

₹104.45 Cr

YoY +44.99%QoQ +23.32%

Revenue growth was driven by strong execution in garment exports and diversification into IT and travel services.

EBITDA

₹11.80 Cr

YoY +541.3%Margin 11.3%

EBITDA margins expanded significantly to 11.3% compared to 2.55% in the previous year's corresponding quarter.

PAT

₹11.20 Cr

YoY +206.01%QoQ -1.5%

While PAT grew sharply YoY, it dipped 1.5% sequentially due to rising finance costs and increased stock purchases.

Other Highlights

• Consolidated total income reached ₹108.07 Cr in Q3 FY26.

• Nine-month consolidated revenue grew 28.63% to ₹261.99 Cr.

• Return on equity reported at 31.91%, exceeding industry averages.

What Sector Metrics Matter for SBC Exports Ltd?

Sub-sector-specific signals from the latest concall — each with management's stated reason for the change

Order Book

₹300 Cr

Why: Driven by new domestic work orders from NICSI and export contracts from Dubai.

Garment Revenue Mix

34.5%

Why: Part of a strategic shift to reduce reliance on manufacturing and increase service-based revenue.

IT & Manpower Revenue Mix

32.8%

Why: Aggressive scaling of government e-marketplace (GeM) contracts and staffing services.

Debt to Equity

2.82

YoY Increased

Why: Increased borrowing to fund expansion efforts and working capital requirements.

Promoter Pledged Holding

32.9%

Why: Not explained in source

Interest Coverage Ratio

0.99

YoY Decreased

Why: Operating profit to interest ratio reached its lowest point due to rising finance costs.

What Is SBC Exports Ltd's Management Guidance?

Forward-looking targets from management for FY26-FY27

Capex Plan

₹50 Cr

Revenue Outlook

2x of 2023 revenue

Margin Outlook

Aiming to expand margins as IT segment scales

Capex Plan

₹50 Cr

New garment manufacturing facility in Ghaziabad

Management Tone: BULLISH

How Fast Is SBC Exports Ltd Growing?

Revenue, profit and margin growth rates

MetricYoY3Y CAGRTrend
Revenue+44%+13%Stable
PAT (Net Profit)+175%+63%Stable
OPM11.0%+800 bpsVolatile

The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.

Other Top Textiles - Readymade Apparel Stocks Beating Nifty 500

V2 Retail Ltd
Average
+11.8%
Lux Industries Ltd
Very Weak
+61.1%
Baazar Style Retail Ltd
Weak • 4w streak
+30.3%
S P Apparels Ltd
Weak • 5w streak
+16.2%
Iris Clothings Ltd
Weak • 4w streak
+11.5%
← Back to Textiles - Readymade ApparelDashboard

Frequently Asked Questions: SBC Exports Ltd

Based on publicly available financial data. This is educational research, not investment advice.

What were SBC Exports Ltd's latest quarterly results?

SBC Exports Ltd's latest quarterly results (Dec 2025) show

  • PAT Growth YoY: +175.0% (stable)
  • Revenue Growth YoY: +44.4%
  • Operating Margin: 11.0% (volatile)

Is SBC Exports Ltd's profit growing or declining?

SBC Exports Ltd's profit is growing with an stable trend.

  • PAT Growth YoY: +175.0% (latest quarter)
  • PAT Growth QoQ: 0.0% (sequential)
  • 3-Year PAT CAGR: +63.0%
  • Trend: Stable — consistent growth pattern

What is SBC Exports Ltd's revenue growth trend?

SBC Exports Ltd's revenue growth trend is stable.

  • Revenue Growth YoY: +44.4%
  • Revenue Growth QoQ: +22.4% (sequential)
  • 3-Year Revenue CAGR: +13.2%

How is SBC Exports Ltd's operating margin trending?

SBC Exports Ltd's operating margin is volatile.

  • Current OPM: 11.0%
  • OPM Change YoY: +8.0% basis points
  • OPM Change QoQ: -1.0% basis points

What is SBC Exports Ltd's 3-year profit and revenue CAGR?

SBC Exports Ltd's long-term compounding rates

  • 3-Year Profit CAGR: +63.0%
  • 3-Year Revenue CAGR: +13.2%

Is SBC Exports Ltd's growth accelerating or decelerating?

SBC Exports Ltd's earnings growth is stable with mixed signals on a sequential basis.

  • YoY Acceleration: 0.0% bps
  • Sequential Acceleration: -50.0% bps

What is SBC Exports Ltd's trailing twelve month (TTM) performance?

SBC Exports Ltd's trailing twelve month (TTM) performance

  • TTM PAT: ₹29 Cr
  • TTM PAT Growth: +70.6% YoY
  • TTM Revenue: ₹357 Cr
  • TTM Revenue Growth: +30.8% YoY
  • TTM Operating Margin: 8.8%

Is SBC Exports Ltd overvalued or undervalued?

SBC Exports Ltd appears significantly overvalued based on our fair value analysis.

  • Valuation Signal: Significantly Overvalued
  • Current PE: 53.5x
  • Price-to-Book: 22.8x

What is SBC Exports Ltd's current PE ratio?

SBC Exports Ltd's current PE ratio is 53.5x.

  • Current PE: 53.5x
  • Market Cap: 1.6K Cr

How does SBC Exports Ltd's valuation compare to its history?

SBC Exports Ltd's current PE is 53.5x.

  • Current PE: 53.5x
  • Valuation Assessment: Significantly Overvalued

What is SBC Exports Ltd's price-to-book ratio?

SBC Exports Ltd's price-to-book ratio is 22.8x.

  • Price-to-Book (P/B): 22.8x
  • Book Value per Share: ₹1
  • Current Price: ₹34

Is SBC Exports Ltd a fundamentally strong company?

SBC Exports Ltd is rated Weak with a fundamental score of 31/100. This score is calculated from objective financial metrics

  • Revenue Growth YoY: +44.4% (10% weight)
  • PAT Growth YoY: +175.0% (10% weight)
  • PAT Growth QoQ: 0.0% (10% weight)
  • Margins stable (10% weight)
  • PEG Ratio: 0.8x vs sector median (15% weight)
  • EV/EBITDA: 50.7x vs sector median (15% weight)

Is SBC Exports Ltd debt free?

SBC Exports Ltd has a debt-to-equity ratio of N/A.

  • Total Debt: ₹199 Cr

What is SBC Exports Ltd's return on equity (ROE) and ROCE?

SBC Exports Ltd's return ratios over recent years

  • FY2023: ROCE 24.0%
  • FY2024: ROCE 25.0%
  • FY2025: ROCE 17.0%

Is SBC Exports Ltd's cash flow positive?

SBC Exports Ltd's operating cash flow is negative (FY2025).

  • Cash from Operations (CFO): ₹-69 Cr
  • Free Cash Flow (FCF): ₹-74 Cr
  • CFO/PAT Ratio: -531% (weak cash conversion)

What is SBC Exports Ltd's dividend yield?

SBC Exports Ltd currently does not pay a significant dividend (yield 0.00%).

  • Dividend Yield: 0.00%
  • Current Price: ₹34

Who holds SBC Exports Ltd shares — promoters, FII, DII?

SBC Exports Ltd's shareholding pattern (Mar 2026)

  • Promoters: 50.4%
  • FII (Foreign): 0.8%
  • DII (Domestic): 0.0%
  • Public: 48.9%

Is promoter holding increasing or decreasing in SBC Exports Ltd?

SBC Exports Ltd's promoter holding has remained stable recently.

  • Current Promoter Holding: 50.4% (Mar 2026)
  • Previous Quarter: 50.4% (Dec 2025)
  • Change: 0.00% (stable)

How long has SBC Exports Ltd been outperforming Nifty 500?

SBC Exports Ltd has been outperforming Nifty 500 for 12 consecutive weeks, indicating strong sustained outperformance.

Is SBC Exports Ltd a new momentum entry or an established outperformer?

SBC Exports Ltd is an established outperformer with 12 weeks of consecutive Nifty 500 outperformance.

What are the growth catalysts for SBC Exports Ltd?

SBC Exports Ltd has 2 key growth catalysts identified from recent earnings analysis

  • Value Added Product Mix Shift — Transition from low-margin garments to high-margin IT services is the primary driver of the 541% EBITDA jump.
  • Order Book Or Contract Wins — A ₹300 Cr order book provides high revenue visibility relative to the current quarterly run rate.

What are the key risks in SBC Exports Ltd?

SBC Exports Ltd has 3 key risks worth monitoring

  • [MEDIUM] Regional wars hindering garment export growth and increasing logistics costs — Regional wars hindering garment export growth and increasing logistics costs.
  • [HIGH] High dependence on government contracts (GeM) makes the company vulnerable to po — High dependence on government contracts (GeM) makes the company vulnerable to policy changes.
  • [MEDIUM] Cotton price fluctuations impacting garment segment margins — Cotton price fluctuations impacting garment segment margins.

What is SBC Exports Ltd's management guidance for growth?

SBC Exports Ltd's management has provided the following forward guidance for FY26-FY27

  • Revenue outlook: 2x of 2023 revenue
  • Margin outlook: Aiming to expand margins as IT segment scales
  • Capex plan: ₹50 Cr for New garment manufacturing facility in Ghaziabad
  • Management tone: bullish

What sector-specific metrics matter most for SBC Exports Ltd?

SBC Exports Ltd's most important sub-sector-specific KPIs from the latest concall

  • Order Book: ₹300 Cr — Driven by new domestic work orders from NICSI and export contracts from Dubai.
  • Garment Revenue Mix: 34.5% — Part of a strategic shift to reduce reliance on manufacturing and increase service-based revenue.
  • IT & Manpower Revenue Mix: 32.8% — Aggressive scaling of government e-marketplace (GeM) contracts and staffing services.
  • Debt to Equity: 2.82 (YoY Increased) — Increased borrowing to fund expansion efforts and working capital requirements.
  • Promoter Pledged Holding: 32.9% — Not explained in source
  • Interest Coverage Ratio: 0.99 (YoY Decreased) — Operating profit to interest ratio reached its lowest point due to rising finance costs.

Is SBC Exports Ltd worth studying for long term investment?

Based on quantitative research signals, here is why SBC Exports Ltd may be worth studying

  • Earnings growing at +175.0% YoY

What is the investment thesis for SBC Exports Ltd?

SBC Exports Ltd investment thesis summary:

Research Signals (Bull Case)

  • Revenue growing at +44.4% YoY
  • Growth catalyst: Value Added Product Mix Shift

Risk Factors (Bear Case)

  • Appears significantly overvalued
  • Key risk: Regional wars hindering garment export growth and increasing logistics costs

What is the future outlook for SBC Exports Ltd?

SBC Exports Ltd's forward outlook based on current data signals

  • Earnings Trend: stable
  • Revenue Trend: stable
  • Margin Trend: volatile
  • Valuation: Significantly Overvalued
  • Key Catalyst: Value Added Product Mix Shift
  • Key Risk: Regional wars hindering garment export growth and increasing logistics costs

The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.