# Sportking India share price today (Sportking India Ltd, NSE: SPORTKING)

> Sportking India share price today: ₹189.71 at the NSE close on 3 November 2026, up 91.6% in a year. Sportking India (NSE: SPORTKING) is worth ₹2,405 crore, trades at a P/E of 10.5 and has closed between ₹81.70 and ₹229.00 over the past 52 weeks. > Sportking India Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. SPORTKING · Textiles - Spinning · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/sportking-india-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹189.71 (+91.6% in a year)
- P/E: 10.5× (higher than 62% of the last 9.9 years)
- Revenue (Sep 2026): ₹781 Cr (+24.6% on a year ago)
- Profit (Sep 2026): ₹96.0 Cr (+242.9% on a year ago)
- Operating margin: 20.0% (+10.0 points on a year ago)
- ROCE: 13%, FY26
- ROIC: 16.0%, against a 12.0% cost of capital: +4.0 points

The main question: the share price moved +91.6% in a year while yearly earnings per share moved +5.8%. The difference came from the market paying a higher multiple. ## What is the Sportking India share price today? Sportking India Ltd's share price was ₹189.71 at the close on 3 November 2026. It has been rising for 33 weeks. That is 8.8% 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 73% of the way up from that low. 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 +61,097% 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. ## What changed at Sportking India this quarter? 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. ## What are Sportking India's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹781 crore | ₹627 crore | +24.6% |
| Profit | ₹96.0 crore | ₹28.0 crore | +242.9% |
| Earnings per share | ₹7.58 | ₹2.22 | +241.4% |
| Operating margin | 20.0% | 10.0% | +10.0 points |

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.)

## What is the Sportking India share price history? Sportking India closed at ₹189.71 on 3 November 2026, up 91.6% from ₹99.00 a year earlier (31 October 2025) and up 26.3% over five years. Its highest weekly close since December 2016 was ₹229.00 on 4 September 2026. ### Sportking India share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹202.15 | −6.2% |
| 1 month ago · 1 Oct 2026 | ₹208.00 | −8.8% |
| 6 months ago · 30 Apr 2026 | ₹147.35 | +28.7% |
| 1 year ago · 31 Oct 2025 | ₹99.00 | +91.6% |
| 3 years ago · 3 Nov 2023 | ₹78.11 | +142.9% |
| 5 years ago · 4 Nov 2021 | ₹150.20 | +26.3% |
| 10 years ago · 12 Dec 2016 | ₹0.31 | +61,096.8% |
| Earliest and lowest weekly close in our records · 12 Dec 2016 | ₹0.31 | +61,096.8% |
| Highest weekly close since December 2016, also the 52-week high · 4 Sep 2026 | ₹229.00 | −17.2% |
| 52-week low (weekly close) · 23 Jan 2026 | ₹81.70 | +132.2% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (478 weekly closes from 12 December 2016 to 3 November 2026.)

## What is the latest news on Sportking India? 3 Nov 2026: Sportking India closed at ₹189.71, down 6.2% on the week and down 8.8% 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.)

## What dividend does Sportking India pay? Sportking India paid ₹1 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.53% at the ₹189.71 close on 3 November 2026. The last was a dividend of ₹1 a share, ex-date 4 September 2026. ### Sportking India dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 4 Sep 2026 | ₹1 | Dividend | 5 Sep 2026 |
| 22 Aug 2025 | ₹1 | Dividend | 23 Aug 2025 |
| 9 Aug 2024 | ₹5 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 2 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Sportking India management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/11251-30-Oct-2026.pdf). (From the call for July to September 2026, 30 October 2026.)

## What is the future of Sportking India? What is changing in the business? 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.)

## What could change the Sportking India story? What are the risks? 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.)

## What to watch in Sportking India's next results? 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. - What to check (from the call)
- Odisha first yarn within flagged start window and full build by fiscal year-end - per commissioning timeline. - Receivables days steady and total debt below guided cap after capital spending peak - per discipline commentary. ## Which stock lists is Sportking India on? Sportking India is not on any of our India lists this week. ## Is Sportking India profitable? 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. 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. ## How much revenue does Sportking India make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Sportking India keep? 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. 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. ## Is Sportking India's profit turning into cash? 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. 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. ## Where does Sportking India's cash go? 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. 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. ## What is Sportking India's P/E ratio, and how does it compare with its own history? 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. Why the multiple is where it is: over the past year earnings per share moved +5.8% while the price moved +91.6%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +4.8% a year; about −2.9% a year came from earnings growth and about +7.7 percentage points from the multiple (the market paying more); over 10 years the price moved +90.0% a year; about +40.1% a year came from earnings growth and about +49.9 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Sportking India business getting better or worse? Sportking India Ltd's business is growing steadily. Revenue and EPS growth have stayed positive throughout, and ROCE is steady at 18.2%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. ## What is the Sportking India story, and has it been checked? Sportking India Ltd's story is not scored yet against the checks our research set on 17 May 2026. Where it sits in its own cycle: AT PEAK CYCLE. Still open: Bangladesh accounts for >60% of quarterly export revenue (~Rs 200 Cr/quarter); political transition + impending elections = timeline slippage risk. Our read, 17 May 2026. A commodity spinner mid-transformation, EU-India FTA + Odisha capacity could double PAT run-rate by FY28, but management's 7 cross-call contradictions are the key risk. From the numbers. Historical peak was 7.7x in Dec 2020. The model assigns AT PEAK and PEAK WARNING cycle signals with…

From the price. Price stage 2, week 33, above its 200-day line, relative strength falling. From the research. A commodity spinner mid-transformation, EU-India FTA + Odisha capacity could double PAT run-rate by FY28, but management's 7 cross-call contradictions are the key risk. Where they disagree. Historical peak was 7.7x in Dec 2020. The model assigns AT PEAK and PEAK WARNING cycle signals with smoothed YoY earnings decline of -10.21%. What is proven. A commodity spinner mid-transformation, EU-India FTA + Odisha capacity could double PAT run-rate by FY28, but management's 7 cross-call contradictions are the key risk. What is not proven yet. Bangladesh accounts for >60% of quarterly export revenue (~Rs 200 Cr/quarter); political transition + impending elections = timeline slippage risk. The test written in advance. Bangladesh Demand, 60%+ Export Revenue Concentration. Measured by: Bangladesh Demand, 60%+ Export Revenue Concentration Bangladesh election outcome + monthly export tonnage to Bangladesh by the next result. The test written in advance. Odisha Construction Delay, 15-Month Window. Measured by: Odisha Construction Delay, 15-Month Window Q1 FY27 concall update on civil works progress and machinery delivery confirmation by the next result. The test written in advance. US Tariff Escalation, 25% Current, Re-escalation Risk. Measured by: US Tariff Escalation, 25% Current, Re-escalation Risk US-India tariff negotiation news + quarterly export realization per MT by the next result. What the company does. FY26 closed at revenue Rs 2,496 Cr, PAT Rs 120 Cr (+10% YoY) with OPM 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, Rs 16 Cr annual savings) and the EU-India FTA (0% duty vs 8% for competing LDCs in 2-3 years), both permanent margin lifts. The Rs 1,000 Cr 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. Lever 1 · Operating leverage: building. 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. What proves it keeps working: EU-India FTA, Structural Duty Inversion. It stops working if Bangladesh election outcome + monthly export tonnage to Bangladesh. Lever 6 · Order-book wins: building. Rs 1,000 Cr greenfield adds 1.5 lakh spindles (40% over 3.79 lakh current base), aiming for Rs 1,200-1,300 Cr incremental revenue at better-than-current margins. What proves it keeps working: Odisha Greenfield Capacity Addition, 40% Volume Uplift. It stops working if Bangladesh election outcome + monthly export tonnage to Bangladesh. Lever 2 · Value-added mix: building. Marvel Dyers + Sobhagya merged April 1, 2026, adds Rs 200 Cr revenue at 15% EBITDA margin, transitioning from pure spinner to vertically integrated garment player. What proves it keeps working: Garment Merger, Forward Integration into Value Chain. It stops working if Bangladesh election outcome + monthly export tonnage to Bangladesh. Lever 16 · Asset quality: building. 5-6 million spindles offline in India; far steeper rationalization in Turkey, Indonesia, Pakistan, Bangladesh, positions well-managed efficient mills to capture demand surge. What proves it keeps working: Industry Consolidation, Capacity Rationalization. It stops working if Bangladesh election outcome + monthly export tonnage to Bangladesh. Sources: our stock research file (17 May 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Sportking India management deliver what it promised? What Sportking India Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Odisha FY27 Contribution Guidance Appears Reduced · 30 October 2026. In Aug 2026, management expected 30%-40% of the Odisha project's total potential revenue to come through in Q4. In Oct 2026, it instead guided to 150-200 crores from the project in this financial year and 1,200-1,300 crores in the next financial year; if the latter is the full-year project potential, the earlier statement implied roughly 360-520 crores in the current year. Management did not reconcile the lower contribution guidance, despite continuing to state that commercial production would begin within 30-40 days. Annual Revenue Outlook Raised · 3 August 2026. In the May 2026 call, management indicated a top-line expectation of INR2,700-2,800 crores for the coming financial year. In the Aug 2026 call, this was raised to approximately INR3,000 crores, an increase of roughly 7%-11% over the prior range, without a reconciliation of the changed goal. Acquisition Closing Timeline Extended · 3 August 2026. In May 2026, management expected to close the acquisitions within that quarter, whereas in Aug 2026 management said the transaction remained in progress and would require another quarter. Although the prior call also gave an outer calendar-year reference, the stated near-term closing expectation was missed and no specific reason for the delay was provided. Odisha Utilization Goal Reduced · 3 August 2026. The May 2026 call described a six-month ramp to 97%-98% utilization after commissioning the 150,000-spindle project. The Aug 2026 call retained a broadly similar five-to-six-month ramp period but lowered the expected utilization by the end of March to approximately 90%, reducing the near-term volume assumption without explaining the change. Every quote above is taken word for word from the company’s own earnings calls. ## What is Sportking India management's track record? FY26 revenue guidance ~₹2,600 crore (1-3% growth), operating margin guided 10.5-11.5%. Actuals: FY25 revenue exceeded ₹2,500 crore, operating margin at 10.6% (inline). July to September 2024 profit +61% on a year earlier, July to September 2025 profit -5.5% on a year earlier on -3.7% revenue decline, modest sequential miss but not egregious. Medium-term margin guidance 11-12% on solar power cost benefits. Management operates near full capacity; guidance tone is conservative and largely met. ### Regulatory and governance record

No SEBI penalty, fraud, or promoter scam found in any public source. The only SEBI-linked document (Apr 2023 PBPA) was unreadable binary. Company filed SEBI compliance certificate for January to March 2026 in April 2026. Promoter stake stable at ~74%. (Checked 12 April 2026.)

## How much does Sportking India earn on its capital? Sportking India Ltd earned a ROCE of 13% in FY26. That is up from a low of 8% in FY18. Its return on capital used (ROIC) is 4.0 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 4.8% net margin and 1.43× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 4.8% net margin × 1.43× asset turnover × 1.68× leverage (assets divided by equity) ≈ 11.5% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 16.0% − 12.0% = +4.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 16.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 9.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Sportking India have too much debt? Sportking India Ltd has total debt of ₹555 Cr against shareholder equity of ₹1,275 Cr as of Sep 2026, so its debt is 0.44× its equity. Year by year, that ratio went from 0.70 in FY22 to 0.42 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Sportking India shareholding pattern? No group of Sportking India Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved −0.2 points over the same period, to 0.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +0.9 points over 8 quarters, to 0.9%; Domestic institutions: −0.2 points over 8 quarters, to 0.0%; Promoters: +0.0 points over 8 quarters, to 74.4%. ## How far is Sportking India from balance-sheet trouble? For Sportking India Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Sportking India rank in its industry? 71.2 out of 100, rank 1 of 13 in Textiles - Spinning, with 100% of the evidence available. Sportking India Ltd scores 71.2 out of 100 against the 13 companies it is compared with in Textiles - Spinning, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 30.2 + 17.9 + 11.4 + 11.7 = 71.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Sportking India compared with? Sportking India ranks 1 of 13 Textiles - Spinning companies on the 4-Factor Sector Score, with 71.2 out of 100. 1. Sportking India Ltd this page SPORTKING · losing its lead · Most evidence points up · 100% evidence 71.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.2/35 · Revenue 12.9% · Profit 100% · Operating margin change 10 points · 100% evidence Capital efficiency 17.9/25 · ROCE 13.2% · Operating margin 20% · 100% evidence Valuation 11.4/20 · P/E 10.4× · PEG 0.43 · 100% evidence Relative strength 11.7/20 · Lead over its industry 7.7% · Lead over NIFTY 500 30.2% · 1 year 89.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 30.2 + 17.9 + 11.4 + 11.7 = 71.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Nitin Spinners Ltd](https://www.sectoralpha.in/stocks/nitin-spinners-ltd) NITINSPIN · leader · Most evidence points up · 100% evidence 65.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Revenue 8.9% · Profit 58.7% · Operating margin change 5 points · 100% evidence Capital efficiency 13.4/25 · ROCE 12.2% · Operating margin 18% · 100% evidence Valuation 10.6/20 · P/E 13.8× · PEG 0.74 · 100% evidence Relative strength 18.5/20 · Lead over its industry 20.6% · Lead over NIFTY 500 47.2% · 1 year 96% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23 + 13.4 + 10.6 + 18.5 = 65.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Sangam (India) Ltd](https://www.sectoralpha.in/stocks/sangam-indialtd) SANGAMIND · turning · Evidence leans up · 89% evidence 62.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 11.9% · Profit 100% · Operating margin change 5 points · 88% evidence Capital efficiency 12.4/25 · ROCE 10.4% · Operating margin 12% · 100% evidence Valuation 12.8/20 · P/E 24.2× · PEG 0.52 · 65% evidence Relative strength 10.3/20 · Lead over its industry -0.4% · Lead over NIFTY 500 23.9% · 1 year 35.1% · 100% evidence · 10 of 12 weeks ahead Exact sum: 27.1 + 12.4 + 12.8 + 10.3 = 62.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Swaraj Suiting Ltd](https://www.sectoralpha.in/stocks/swaraj-suiting-ltd) SWARAJ · turning · Evidence leans up · 78% evidence 58.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.4/35 · Revenue 38.1% · Profit 45.2% · Operating margin change -13 points · 83% evidence Capital efficiency 18.4/25 · ROCE 17.5% · Operating margin 19% · 76% evidence Valuation 11.7/20 · P/E 15.4× · PEG n/a · 50% evidence Relative strength 11.1/20 · Lead over its industry 2% · Lead over NIFTY 500 26.9% · 1 year 82% · 100% evidence · 10 of 12 weeks ahead Exact sum: 17.4 + 18.4 + 11.7 + 11.1 = 58.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Indo Rama Synthetics (India) Ltd](https://www.sectoralpha.in/stocks/indo-rama-synthetics-indialtd) INDORAMA · leader · Evidence leans up · 85% evidence 57.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.9/35 · Revenue -4.7% · Profit 47.5% · Operating margin change 2 points · 100% evidence Capital efficiency 15.7/25 · ROCE 17.9% · Operating margin 8% · 100% evidence Valuation 15.2/20 · P/E 8.9× · PEG 0.12 · 100% evidence Relative strength 11.9/20 · Lead over its industry n/a · Lead over NIFTY 500 46.7% · 1 year 6.3% · 25% evidence · 12 of 12 weeks ahead Exact sum: 14.9 + 15.7 + 15.2 + 11.9 = 57.7 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 6. [Rajapalayam Mills Ltd](https://www.sectoralpha.in/stocks/rajapalayam-mills-ltd) RAJPALAYAM · quiet · Evidence leans up · 74% evidence 55.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.5/35 · Revenue 16.7% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 8.7/25 · ROCE 1.8% · Operating margin 14% · 100% evidence Valuation 16.0/20 · P/E 5.2× · PEG 0.2 · 65% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -8% · 1 year -18.8% · 25% evidence · 0 of 12 weeks ahead Exact sum: 23.5 + 8.7 + 16 + 7.5 = 55.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [K P R Mill Ltd](https://www.sectoralpha.in/stocks/k-p-r-mill-ltd) KPRMILL · turning · Evidence leans up · 100% evidence 54.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Revenue 6.5% · Profit 24.1% · Operating margin change 7 points · 100% evidence Capital efficiency 21.4/25 · ROCE 19.6% · Operating margin 26% · 100% evidence Valuation 2.2/20 · P/E 36.7× · PEG 3.89 · 100% evidence Relative strength 10.4/20 · Lead over its industry -7.1% · Lead over NIFTY 500 16.3% · 1 year 4.3% · 100% evidence · 7 of 12 weeks ahead Exact sum: 20.6 + 21.4 + 2.2 + 10.4 = 54.6 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. [Ambika Cotton Mills Ltd](https://www.sectoralpha.in/stocks/ambika-cotton-mills-ltd) AMBIKCO · quiet · Evidence leans up · 96% evidence 53.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 23.8% · Profit 36.7% · Operating margin change 1 points · 88% evidence Capital efficiency 14.2/25 · ROCE 11.6% · Operating margin 15% · 100% evidence Valuation 12.9/20 · P/E 10.1× · PEG 1.56 · 100% evidence Relative strength 4.6/20 · Lead over its industry -17.8% · Lead over NIFTY 500 2.5% · 1 year 6.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.6 + 14.2 + 12.9 + 4.6 = 53.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Pashupati Cotspin Ltd](https://www.sectoralpha.in/stocks/pashupati-cotspin-ltd) PASHUPATI · turning · Evidence leans down · 96% evidence 49.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.6/35 · Revenue -7.5% · Profit 2.4% · Operating margin change 5.6 points · 88% evidence Capital efficiency 10.6/25 · ROCE 10% · Operating margin 9.5% · 100% evidence Valuation 9.6/20 · P/E 136× · PEG 1.51 · 100% evidence Relative strength 20.0/20 · Lead over its industry 26.7% · Lead over NIFTY 500 59.9% · 1 year 66.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 9.6 + 10.6 + 9.6 + 20 = 49.8 · What this means: Relative strength against the index is 59.9%, and revenue and profit growth are weak. 10. [RSWM Ltd](https://www.sectoralpha.in/stocks/rswm-ltd) RSWM · losing its lead · Evidence leans down · 79% evidence 39.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.6/35 · Revenue -5.1% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 5.0/25 · ROCE 5.6% · Operating margin 8% · 100% evidence Valuation 10.4/20 · P/E 11.7× · PEG n/a · 15% evidence Relative strength 4.6/20 · Lead over its industry -12.6% · Lead over NIFTY 500 8.3% · 1 year 16.5% · 100% evidence · 8 of 12 weeks ahead Exact sum: 19.6 + 5 + 10.4 + 4.6 = 39.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Sanathan Textiles Ltd](https://www.sectoralpha.in/stocks/sanathan-textiles-ltd) SANATHAN · leader · Evidence leans down · 64% evidence 37.0 out of 100 Growth Capital Valuation Relative
12. [Vardhman Textiles Ltd](https://www.sectoralpha.in/stocks/vardhman-textiles-ltd) VTL · quiet · Most evidence points down · 96% evidence 30.0 out of 100 Growth Capital Valuation Relative
13. [Jaybharat Textiles & Real Estate Ltd](https://www.sectoralpha.in/stocks/jaybharat-textiles-real-estate-ltd) Too little evidence to rank firmly · 19% evidence 41.6 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Textiles - Spinning](https://www.sectoralpha.in/sectors/textiles-spinning), all 13 compared on one page. ## Which companies are close to Sportking India in size? Sportking India is the 6th largest of 13 Textiles - Spinning companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Sanathan Textiles, Nitin Spinners and Sangam (India). Just below it: Pashupati Cotspin, Indo Rama Synthetics (India) and Swaraj Suiting. ### Textiles - Spinning companies close in size

1. [Sanathan Textiles Ltd](https://www.sectoralpha.in/stocks/sanathan-textiles-ltd) ₹4,189 crore
2. [Nitin Spinners Ltd](https://www.sectoralpha.in/stocks/nitin-spinners-ltd) ₹3,661 crore
3. [Sangam (India) Ltd](https://www.sectoralpha.in/stocks/sangam-indialtd) ₹3,059 crore
4. Sportking India Ltd ₹2,383 crore
5. [Pashupati Cotspin Ltd](https://www.sectoralpha.in/stocks/pashupati-cotspin-ltd) ₹2,125 crore
6. [Indo Rama Synthetics (India) Ltd](https://www.sectoralpha.in/stocks/indo-rama-synthetics-indialtd) ₹1,909 crore
7. [Swaraj Suiting Ltd](https://www.sectoralpha.in/stocks/swaraj-suiting-ltd) ₹940 crore

[All 13 Textiles - Spinning companies, largest first](https://www.sectoralpha.in/sectors/textiles-spinning#all-companies)

### Companies close in size in other industries

1. [Federal-Mogul Goetze (India) Ltd](https://www.sectoralpha.in/stocks/federal-mogul-goetze-indialtd) ₹2,396 crore · Engines
2. [TVS Infrastructure Trust](https://www.sectoralpha.in/stocks/tvs-infrastructure-trust) ₹2,386 crore · Infra/Real Estate Investment Trust
3. Sportking India Ltd ₹2,383 crore
4. [Kilburn Engineering Ltd](https://www.sectoralpha.in/stocks/kilburn-engineering-ltd) ₹2,376 crore · Carbon Black
5. [TechNVision Ventures Ltd](https://www.sectoralpha.in/stocks/technvision-ventures-ltd) ₹2,374 crore · IT - Software

## What else do people ask about Sportking India? ### What is Sportking India's share price today? Sportking India Ltd's share price is ₹189.71, +91.6% over the past year. The whole company is worth ₹2,405 Cr on the market. In the last 52 weeks it traded between ₹82 to ₹229; today it is 73% of the way up from the low, 8.8% above its 200-day average (as of 3 November 2026). ### What were Sportking India's latest quarterly results? Sportking India Ltd reported revenue of ₹781 Cr and net profit of ₹96.0 Cr for the Sep 2026 quarter. Revenue rose 24.6% and profit rose 242.9% compared with a year earlier. Earnings per share were ₹7.58. The operating margin was 20.0%, 10.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Sportking India's market cap? Sportking India Ltd's market capitalisation is ₹2,405 Cr at a share price of ₹189.71. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Sportking India performing? Sportking India Ltd's share price has been rising for 33 weeks. In its latest quarter, revenue rose 24.6% and profit rose 242.9% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will Sportking India's share price go up? This page does not forecast Sportking India Ltd's share price. What it shows instead: the share price is ₹189.71, and it has been rising for 33 weeks. Its P/E of 10.5× is higher than 62% of its own last 10 years (as of 3 November 2026). ### Who owns Sportking India? Promoters own 74.4% of Sportking India Ltd, foreign institutions 0.9%, domestic institutions 0.0% and the public 24.8% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Does Sportking India have too much debt? Sportking India Ltd has a moderate amount of debt: its debt is 0.53× its equity, and its operating profit is 6 times its interest bill. FY26 borrowings were ₹549 Cr against equity of ₹1,039 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Sportking India in its business cycle? Sportking India Ltd's FY26 operating margin was 12.0%, against a 13-year range of 9.0% to 28.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 20.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Sportking India story? The main question: the share price moved +91.6% in a year while yearly earnings per share moved +5.8%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Sportking India a stock worth studying right now? What the numbers show: Sportking India Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Sportking India share price forecast for 2026? What management itself guided: Spreads ₹130-145 per kg for next few months, within 2% tolerance on current parity expected. 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. What would change the story: 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. ### Where does this page get Sportking India's management information? From Sportking India's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. This is research, not advice. We’re not SEBI-registered.