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SEL Manufacturing Co. Ltd.
(SELMC)
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Rating:44Neutral
Price Target:
₹23.50
▼(-17.83% Downside)
Action:Reiterated
Date:08/29/26
The score is weighed down primarily by weak financial performance—multi-year losses, deteriorating margins, negative equity, and high debt—with recent cash flow weakening adding further risk. Technicals are broadly neutral (no strong momentum either way), and valuation is not supportive due to loss-making earnings and no dividend yield.
Positive Factors
Historical Cash Generation
Positive operating and free cash flow in 2022–2024 shows that the business has previously converted operations into internally generated funds despite accounting losses. If restored, this capability could reduce reliance on external financing and support ongoing operations.
Negative Factors
Persistent Losses and Revenue Decline
Recurring net losses across five years, combined with contracting revenue, point to a sustained deterioration rather than a single weak period. Shrinking scale can reduce operating leverage, limit reinvestment capacity, and make a durable return to profitability more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Historical Cash Generation
Positive operating and free cash flow in 2022–2024 shows that the business has previously converted operations into internally generated funds despite accounting losses. If restored, this capability could reduce reliance on external financing and support ongoing operations.
Read all positive factors
SEL Manufacturing Co. Ltd. (SELMC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹810.14M
Dividend YieldN/A
Average Volume (3M)13.71K
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue Growth-29.50%
EPS Growth-20.43%
CountryIN
Employees338
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)-50.94
Shares Outstanding33,134,700
10 Day Avg. Volume522
30 Day Avg. Volume13,715
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-0.22
Price to Sales (P/S)5.76
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
SEL Manufacturing Co. Ltd. Business Overview & Revenue Model
Company Description
SEL Manufacturing Company Limited, established in 1969 and headquartered in Ludhiana, India, operates across the textile industry. The company specializes in the spinning, knitting, and processing of yarns and fabrics, serving both domestic and in...
SEL Manufacturing Co. Ltd. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
6
Very Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 126.91M | 154.31M | 328.69M | 3.52B | 5.54B | 4.20B |
| Gross Profit | -358.49M | -837.30M | -907.82M | 163.80M | 1.07B | 3.06B |
| EBITDA | -16.03M | 4.53M | 327.65M | -381.81M | -411.65M | 38.25M |
| Net Income | -1.69B | -1.68B | -1.31B | -1.93B | -1.86B | -1.31B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 8.59B | 9.48B | 10.55B | 12.25B | 13.85B |
| Cash, Cash Equivalents and Short-Term Investments | 23.53M | 23.53M | 30.02M | 33.92M | 33.52M | 74.12M |
| Total Debt | 0.00 | 9.85B | 9.62B | 9.40B | 9.32B | 10.17B |
| Total Liabilities | 4.00B | 12.59B | 11.58B | 11.11B | 10.76B | 11.21B |
| Stockholders Equity | -4.00B | -4.00B | -2.09B | -563.89M | 1.49B | 2.64B |
Cash Flow | ||||||
| Free Cash Flow | 390.72M | 0.00 | 0.00 | 371.90M | 441.14M | 355.08M |
| Operating Cash Flow | 390.72M | -23.60M | -24.58M | 371.90M | 441.72M | 361.18M |
| Investing Cash Flow | 2.05M | -4.04M | 22.91M | 151.34M | 163.88M | 25.32M |
| Financing Cash Flow | -391.61M | 23.90M | -697.04M | -522.95M | -604.65M | -429.01M |
SEL Manufacturing Co. Ltd. Technical Analysis
Negative
28.60
Price Trends
27.64
Negative
28.55
Negative
29.61
Negative
Market Momentum
-0.75
Positive
27.70
Positive
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SELMC, the sentiment is Negative. The current price of 28.6 is above the 20-day moving average (MA) of 27.51, above the 50-day MA of 27.64, and below the 200-day MA of 29.61, indicating a bearish trend. The MACD of -0.75 indicates Positive momentum. The RSI at 27.70 is Positive, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SELMC.
SEL Manufacturing Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹1.31B | 11.35 | ― | 0.36% | -1.05% | 75.71% | |
63 Neutral | ₹1.02B | 1.66 | ― | 4.95% | 585.23% | ― | |
58 Neutral | ₹776.80M | 14.58 | ― | 1.03% | -38.13% | -69.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹1.02B | 32.24 | ― | 0.31% | -10.49% | 17.66% | |
44 Neutral | ₹810.14M | -0.47 | ― | ― | -29.50% | -20.43% | |
44 Neutral | ₹867.51M | 15.39 | ― | 0.44% | 2.81% | 23.09% |
* General Sector Average
IN:SELMC
SEL Manufacturing Co. Ltd.
24.45
-6.03
-19.78%
IN:FIBERWEB
Fiberweb (India) Limited
25.96
-17.29
-39.98%
IN:LAMBODHARA
Lambodhara Textiles Ltd.
137.10
2.56
1.90%
IN:LOVABLE
Lovable Lingerie Limited
68.99
-23.52
-25.42%
IN:RELCHEMQ
Reliance Chemotex Industries Ltd
113.85
-43.69
-27.73%
IN:SIL
Standard Industries Limited
16.19
-1.80
-10.01%
SEL Manufacturing Co. Ltd. Corporate Events
SEL Manufacturing Director Dharminder Pal Resigns from Board and Key Committees
Aug 8, 2026
SEL Manufacturing Company Limited has announced that Non-Executive Non-Independent Director Dharminder Pal has resigned from the board, effective at the close of business on 7 August 2026, citing personal reasons. His departure also removes him fr...
SEL Manufacturing Rectifies SEBI Format Lapse in Audit Qualification Statement
Jul 14, 2026
SEL Manufacturing Company Limited has clarified a compliance deficiency flagged by the exchanges regarding its financial results for the quarter ended 31 March 2026. The issue concerned the Statement of Impact of Audit Qualifications not being in ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.