Sportking India539221Cotton yarn manufacturing
Sportking India shares rose about 8% for a third straight session, hitting a 26-session high on strong yarn spreads and capex plans
By ScoutQuest · · 1 min read
- Stock gain today
- 8 percent
- 3-day gain
- 18 percent
- Yarn spread last quarter
- 133 rupees
- Yarn spread prior
- 107 rupees
- Annual savings from solar power
- 15 crore rupees
Heard on business television between 13:49:58 - 13:52:58 IST.
- Stock gained nearly 18% over three sessions, touching a 26-session high; exports to China and Bangladesh make up 60-70% of sales.
- Yarn spreads rose from 107 to 133 rupees last quarter, boosting earnings alongside strong exports.
- Solar power cut costs by 12-15%, saving about 15 crore rupees yearly, roughly 10% of overall profit.
- Company is undertaking a 975-1000 crore rupee capex in Odisha, to complete by end of FY27, expected to add 300-400 bps higher margins.
- Marvel Dyers and Subhagya Sales expected to add 250 crore rupees from FY28; management guided FY28 revenue above 4000 crore rupees; Q2 results due October 30; long-term EBIT margin target set at 15%; cotton import duty exemption ends October 31 unless extended.
- Analyst Narendra said no active recommendation, noting the cyclical business model driven by yarn spreads, with the Odisha capacity expansion (40% capacity increase, starting Q3/Q4) seen as critical for margin and revenue ramp-up.
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