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Sportking India Ltd.
(SPORTKING)
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Rating:57Neutral
Price Target:
₹194.00
▼(-12.97% Downside)
Action:Reiterated
Date:10/31/26
The score is driven primarily by moderate financial performance: balance-sheet risk has improved meaningfully due to deleveraging, but margins and cash-flow consistency remain volatile. The near-term technical setup is a notable drag as the stock trades below key moving averages with weak momentum. Valuation is supportive (P/E ~14.8) but the low dividend yield limits additional upside in the score.
Positive Factors
Deleveraging
Substantial deleveraging has strengthened the capital structure and reduced balance-sheet risk. Lower leverage should provide greater financial flexibility to manage textile-cycle volatility, support operations, and allocate capital without the same debt burden seen in earlier years.
Negative Factors
Gross Margin Pressure
The sharp gross-margin decline shows that profitability remains sensitive to the spread between yarn prices and cotton, energy, and processing costs. Sustained margin pressure would reduce earnings quality and limit the benefit of revenue stability or operating scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Deleveraging
Substantial deleveraging has strengthened the capital structure and reduced balance-sheet risk. Lower leverage should provide greater financial flexibility to manage textile-cycle volatility, support operations, and allocate capital without the same debt burden seen in earlier years.
Read all positive factors
Sportking India Ltd. (SPORTKING) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.81B
Dividend Yield0.53%
Average Volume (3M)16.20K
Price to Earnings (P/E)14.8
Beta (1Y)1.07
Revenue Growth12.88%
EPS Growth98.32%
CountryIN
Employees5,979
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)12.69
Shares Outstanding127,072,000
10 Day Avg. Volume10,876
30 Day Avg. Volume16,203
Financial Highlights & Ratios
PEG Ratio1.25
Price to Book (P/B)1.28
Price to Sales (P/S)0.57
P/FCF Ratio8.45
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
Sportking India Ltd. Business Overview & Revenue Model
Company Description
Sportking India Limited, an Indian textile enterprise founded in Ludhiana in 1977, is primarily engaged in the manufacturing and domestic distribution of various yarns, including cotton, synthetic, and blended types. Beyond its yarn production, th...
How the Company Makes Money
Sportking India Ltd. primarily makes money by manufacturing and selling yarn to downstream textile customers (such as fabric producers, knitting/weaving units, and garment manufacturers). Its revenue model is centered on: (1) Sale of yarn: The mai...
Sportking India Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
66
Positive
Cash Flow
57
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.14B | 24.96B | 25.24B | 23.77B | 21.57B | 21.01B |
| Gross Profit | 6.42B | 3.92B | 6.09B | 2.92B | 5.42B | 7.50B |
| EBITDA | 3.51B | 3.01B | 2.90B | 2.30B | 2.57B | 6.15B |
| Net Income | 1.62B | 1.20B | 1.09B | 703.46M | 1.32B | 4.09B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 17.44B | 17.75B | 19.63B | 15.75B | 15.54B |
| Cash, Cash Equivalents and Short-Term Investments | 10.89M | 10.89M | 70.72M | 14.46M | 115.56M | 5.35M |
| Total Debt | 0.00 | 4.72B | 5.86B | 8.75B | 4.74B | 5.38B |
| Total Liabilities | -11.16B | 6.28B | 7.69B | 10.61B | 6.75B | 7.87B |
| Stockholders Equity | 11.16B | 11.16B | 10.06B | 9.02B | 9.00B | 7.67B |
Cash Flow | ||||||
| Free Cash Flow | 1.34B | 1.69B | 3.45B | -3.41B | 1.56B | 164.67M |
| Operating Cash Flow | 1.59B | 2.51B | 4.15B | -2.36B | 5.20B | 956.31M |
| Investing Cash Flow | -258.48M | -951.18M | -667.06M | -456.12M | -3.92B | -1.03B |
| Financing Cash Flow | -1.20B | -1.55B | -3.49B | 2.71B | -1.17B | 69.12M |
Sportking India Ltd. Technical Analysis
Negative
222.90
Price Trends
212.17
Negative
202.47
Negative
163.54
Positive
Market Momentum
-1.62
Positive
37.60
Neutral
25.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SPORTKING, the sentiment is Negative. The current price of 222.9 is above the 20-day moving average (MA) of 207.02, above the 50-day MA of 212.17, and above the 200-day MA of 163.54, indicating a neutral trend. The MACD of -1.62 indicates Positive momentum. The RSI at 37.60 is Neutral, neither overbought nor oversold. The STOCH value of 25.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SPORTKING.
Sportking India Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹13.55B | 12.08 | ― | 1.26% | 6.24% | 15.54% | |
66 Neutral | ₹10.55B | 10.06 | ― | 3.93% | 15.59% | 34.06% | |
62 Neutral | ₹383.25B | 50.91 | ― | 1.75% | 7.57% | -1.16% | |
57 Neutral | ₹23.81B | 14.78 | ― | 0.53% | 12.88% | 98.32% | |
56 Neutral | ₹9.52B | 12.60 | ― | 2.50% | 5.33% | -4.01% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹33.85B | 32.98 | ― | 0.18% | 10.61% | -33.91% |
* General Sector Average
IN:SPORTKING
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90.50%
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-69.27
-36.65%
Sportking India Ltd. Corporate Events
Sportking India Elevates Anjali Avasthi to Whole-time Executive Director
Sep 12, 2026
Sportking India Ltd., a publicly listed player in India’s textile and apparel industry, maintains its shares on both BSE and the National Stock Exchange under the SPORTKING symbol. As an SEBI-regulated entity, the company operates within for...
Sportking India Holds 37th AGM, Underscores Governance Focus
Sep 12, 2026
Sportking India Ltd. held its 37th Annual General Meeting on September 12, 2026 at its registered office in Ludhiana, with the company’s board, key executives, statutory auditors and scrutinizer in attendance. The meeting was chaired by Chai...
Sportking India Delivers Robust Q1 FY27 Earnings as Expansion and Solar Project Bolster Margins
Aug 1, 2026
Sportking India Limited reported a strong set of unaudited financial results for the quarter ended 30 June 2026, with revenue from operations rising 20.1% year-on-year to ₹703.7 crore and gross profit climbing 46% to ₹228 crore. The co...
Sportking India Board Clears Quarterly Results and Elevates Director Ahead of AGM
Aug 1, 2026
Sportking India Ltd.’s board has approved the unaudited financial results for the quarter ended June 30, 2026, along with the limited review report, in line with SEBI’s listing obligations and disclosure requirements. This step undersc...
Sportking India Board Clears Quarterly Results, Elevates Director Ahead of AGM
Aug 1, 2026
Sportking India Ltd. has announced board decisions following its meeting on August 1, 2026, including the approval of unaudited financial results for the quarter ended June 30, 2026, which will inform the market about its recent operating and fina...
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.