Sportking India share price today

Sportking India Ltd's share price was ₹190.59 at the close on 4 November 2026. It has been rising for 33 weeks. That is 9.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹82 and ₹229, and at that close it sat 74% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Sportking India Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 9.9 years the share price moved +61,381% while the NIFTY 500 moved +218%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: best operating margin in 16 quarters, foreign funds (FIIs) raised their stake for 4 quarters in a row and highest quarterly profit in 16 quarters.

1. Best operating margin in 16 quarters

   Operating margin was 20% in the September 2026 quarter, against 10% a year earlier.

   Why: Its operating margin, the profit left from sales after running costs, rose because demand for cotton blended yarn was stronger, years of cost efficiency work paid off, and cotton input costs were stable.

   Next results: check whether its profit share from sales stays near this level in the second half as the Odisha plant starts production.

   From the earnings call on 30 Oct 2026.

2. Foreign funds (FIIs) raised their stake for 4 quarters in a row

   From 0% to 0.9% of the company by the September 2026 quarter.

3. Highest quarterly profit in 16 quarters

   Profit of ₹96 crore in the September 2026 quarter is the highest of the last 16 quarters.

For July to September 2026 (the quarter ended 30 September 2026), Sportking India reported revenue of ₹781 crore, up 24.6% from ₹627 crore a year earlier, and a profit of ₹96.0 crore, up 242.9% from ₹28.0 crore.

Sportking India results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Sportking India's management discussed these results on a call held on 30 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Sportking India closed at ₹190.59 on 4 November 2026, up 95.3% from ₹97.59 a year earlier (7 November 2025) and up 26.9% over five years. Its highest weekly close since December 2016 was ₹229.00 on 4 September 2026.

Sportking India share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

478 weekly closes from 12 December 2016 to 4 November 2026.

4 Nov 2026: Sportking India closed at ₹190.59, up 1.7% on the week and down 8.4% on the month. 30 Oct 2026: Sportking India held its results call for July to September 2026. Management guided: Spreads ₹130-145 per kg for next few months, within 2% tolerance on current parity expected.

Earlier

• Results for July to September 2026: Revenue up 24.6% and profit up 242.9% on a year earlier.
• 4 Sep 2026: ex-date for a dividend of ₹1 a share, record date 5 Sep 2026.
• Our read, 17 May 2026: A commodity spinner mid-transformation, EU-India FTA + Odisha capacity could double profit run-rate by FY28, but management's 7 cross-call contradictions are the key risk.
• 13 Sep 2024: Share split: face value cut from ₹10 to ₹1 a share (ex-date).

Our read of the business

FY26 closed at revenue ₹2,496 crore, profit ₹120 crore (+10% on a year earlier) with operating margin recovering to 11.5%, the trough of the FTA-induced uncertainty cycle may be behind.,Two structural catalysts are now activated: 40 MW solar power (March 2026, ₹16 crore annual savings) and the EU-India FTA (0% duty vs 8% for competing LDCs in 2-3 years), both permanent margin lifts.,The ₹1,000 crore Odisha greenfield (40% capacity addition, 150k spindles) commenced groundbreaking January 2026 with partial production planned Dec 2026, operating leverage inflection is 12-18 months away.

Our read after the latest results, written 17 May 2026.

Sportking India paid ₹1 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.52% at the ₹190.59 close on 4 November 2026. The last was a dividend of ₹1 a share, ex-date 4 September 2026.

Sportking India dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Sportking India Ltd paid out 11% of its profit as dividends in FY26, and it paid a dividend in 3 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 30 October 2026, Sportking India's management guided: Spreads ₹130-145 per kg for next few months, within 2% tolerance on current parity expected.

“The margins in the Odisha unit will be at least 4% to 5%, or perhaps 6%, higher than whatever we achieve once it is fully operational.”Munish Awasthi, on the call for July to September 2026

What management guided

• Second-half margins at or around first-half levels on existing capacities plus incremental Odisha contribution expected.
• Odisha commercial in 30-40 days, full completion by 30 Mar 2027; FY27 revenue ₹150-200Cr, FY28 ₹1200-1300Cr.
• Odisha margins 4-6pp above existing once fully operational, operating profit-positive from day one on operating leverage.
• Odisha incentives 30% subsidy ₹200-220Cr over 5 years, power at ₹4 versus ₹6 for 10 years, ₹7,000-8,000 per worker monthly for 5 years; solar to cut power costs 15% annually.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 30 October 2026.

What is changing at Sportking India, from the latest results and calls: eu-india fta, structural duty inversion, solar power cost reduction, ₹16 crore annual savings and odisha greenfield capacity addition, 40% volume uplift.

• EU-India FTA, Structural Duty Inversion. Duties cut from 9-12% to 0% for India while competing LDC nations face increase from 0% to 8% in 2-3 years, India becomes the preferred diversification source for global brands. ⚠ estimate
• Solar Power Cost Reduction, ₹16 crore Annual Savings. 40 MW solar plant commenced March 1, 2026, moves renewables to 40-45% of total power consumption from 15%, saving ₹16 crore annually (structural, permanent). ⚠ estimate
• Odisha Greenfield Capacity Addition, 40% Volume Uplift. ₹1,000 crore greenfield adds 1.5 lakh spindles (40% over 3.79 lakh current base), aiming for ₹1,200-1,300 Cr incremental revenue at better-than-current margins. ⚠ estimate
• Garment Merger, Forward Integration into Value Chain. Marvel Dyers + Sobhagya merged April 1, 2026, adds ₹200 crore revenue at 15% operating margin, transitioning from pure spinner to vertically integrated garment player. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 17 May 2026.

25% US tariffs from September 1 suppressed global demand in October to December 2025; any re-escalation or extension to apparel (12% to 0% reduction pending) kills export margin recovery.

The main risks

• US Tariff Escalation, 25% Current, Re-escalation Risk: 25% US tariffs from September 1 suppressed global demand in October to December 2025; any re-escalation or extension to apparel (12% to 0% reduction pending) kills export margin recovery. ✓ fact
• Management Consistency, 7 Cross-Call Contradictions: Seven documented inconsistencies across 4 concalls (Tijori-sourced) suggest reactive, post-hoc communication rather than transparent forward guidance. ⚠ estimate
• Cotton Price Volatility, Input Cost Pressure: Indian cotton is 10% higher than international prices; any removal of import duty exemption or CCI procurement disruption compresses gross margins. ✓ fact

Our read after the latest results, written 17 May 2026.

When Sportking India reports October to December 2026, these are the 2 checks that show whether the story is still on course. First: Odisha first yarn within flagged start window and full build by fiscal year-end - per commissioning timeline.

Sportking India is not on any of our India lists this week.

Sportking India Ltd earned ₹96.0 Cr of net profit in the Sep 2026 quarter, +242.9% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹120 Cr. Over 10 years profit has grown 27.0% a year on average. That is 12.3% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹28.0 Cr.

For the full year, FY26 profit was ₹120 Cr (+6.2% on the year before).

Why profit moved: revenue changed +24.6% on a year earlier and the margin moved +10.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +99.9% and revenue +13.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Sportking India Ltd reported ₹781 Cr of revenue in the Sep 2026 quarter, +24.6% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 9.2% a year on average. The last full year, FY26, came in at ₹2,495 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. Groundbreaking commenced last two weeks of January 2026. All machinery advance payments made. Commissioning begins Q3 FY26 calendar (July-Sept 2026), partial production Dec 2026, full ramp to 96-98% utilization by FY27-end. Revenue potential: Rs 1,200-1,300 Cr incremental (vs current Rs 2,496 Cr, nearly doubling topline over FY27-28). Funding: Rs 650 Cr debt + Rs 350+ Cr internal accruals (Rs 100 Cr already spent). Odisha advantages: power at Rs 4/unit for 10 years (vs Rs 6.3/unit Punjab), capital/EGS subsidies, proximity to Kolkata/Bangladesh ports and downstream garment manufacturers. MoU signed for 300,000 spindles total, Phase 1 is 150,000.

The last four reported quarters add to ₹2,768 Cr.

FY26 revenue was ₹2,495 Cr, −1.1% on the year before.

Recent pace: the last four quarters grew +13.0% on average, against 9.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +12.9%, against +5.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +100.0%, against +52.4% a year (accelerating).

Sportking India Ltd's operating margin was 20.0% in the Sep 2026 quarter, 10.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 9.0% and 28.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The EU-India FTA was finalized in the last week of January 2026 per the Q4 FY26 concall. Implementation expected in 6-8 months. The structural insight: European customers who had been sourcing from Bangladesh, Pakistan, and other LDC nations at 0% duty will face an 8% tariff increase as LDC status transitions, while India's duty goes to 0%. This creates a permanent inversion of ~8-12pp competitiveness advantage for Indian spinners. Current spread recovery evidence: yarn spreads recovering from Rs 112/MT (Q3) to Rs 130 (January 2026), with 60-70 day forward bookings at Rs 20 premium. Yarn prices up 20-25 rupees in 30s count over 45 days.

Why the margin moved: operating margin changed +9.4 percentage points on the year while gross margin changed +7.8 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 155% of Sportking India Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹292 Cr of operating cash against ₹120 Cr of profit. After ₹74.0 Cr of spending on assets, ₹218 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Why this happened. ~10 million spindles shut across India in last 2.5 years (~15% of Indian capacity). Small units (10,000-15,000 spindle mills) predominantly exiting. Older facilities (>25 years) unlikely to resume. Sportking at 96% capacity utilization (industry-leading) is positioned to capture demand when it normalizes. Chinese demand surge post-tariffs combined with brand reshoring toward India creating 'shared growth' dynamic. Peer rationalization also happening in Turkey/Indonesia/Pakistan/Bangladesh, geographic competitors weakening simultaneously.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 155% of profit came in as cash: the cash cycle got 19 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Sportking India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 129 days in FY26, down from 148 days in FY21. It spent ₹250 Cr on assets over the last 3 years. Customers take 58 days to pay, and stock sits for 84 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,495 Cr, each day of that cycle ties up about ₹6.8 Cr, so roughly ₹882 Cr is tied up in the business at any time.

FY26: customers took 58 days to pay and stock sat for 84 days, about 2.8 months of sales sitting as stock, for a full cycle of 129 days, shorter than FY21's 148.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 84 days. Customers pay about 58 days after that. Suppliers are paid at 13 days. Together that makes the 129-day cycle.

Spending on assets: ₹250 Cr over the last 3 years, against ₹270 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹15.0 Cr (FY26): assets paid for that are not earning yet.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

Sportking India Ltd's P/E is 10.5×, in the middle of its own history: higher than 62% of past readings. Its usual P/E (the middle reading) is 7.4×, over 9.9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.