Textile · Founded 1986 · www.seasonsworld.com · BSE 514264 · · ISIN INE707B01010
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1. Business Overview
Seasons Textiles Ltd. (formerly Seasons Synfabs Ltd.) is engaged in the manufacturing, processing, and marketing of synthetic blended fabrics. Their core business involves the production of various textile items, primarily focusing on suiting and shirting fabrics. The company operates through an integrated manufacturing process, transforming raw materials (like polyester, viscose) into finished fabrics. They make money by adding value through their manufacturing processes and selling these fabrics to various clients, which may include garment manufacturers, wholesalers, and retailers in both domestic and potentially international markets.
2. Key Segments / Revenue Mix
The primary revenue driver for Seasons Textiles Ltd. is the manufacturing and sale of synthetic blended fabrics, predominantly suiting and shirting materials. While specific percentage breakdowns are not publicly detailed without access to comprehensive financial reports, the company's operations are largely centered around these fabric categories.
3. Industry & Positioning
The Indian textile industry is highly diverse, fragmented, and competitive, with a mix of large integrated mills and numerous small to medium-sized players. Seasons Textiles operates within the synthetic fabric segment, a significant part of the overall textile market due to its durability, cost-effectiveness, and versatility. The company likely positions itself as a supplier of quality synthetic blended fabrics, competing on product range, design, quality, and price against numerous other manufacturers. Relative to large integrated textile giants, Seasons Textiles Ltd. is generally considered a mid-to-small-sized player in this sector.
4. Competitive Advantage (Moat)
Seasons Textiles' competitive advantages may stem from its established manufacturing infrastructure, potentially efficient cost management in its specific product niches, and long-standing relationships with B2B customers and suppliers. Consistent product quality, design capabilities, and flexibility in production could also contribute. However, given the generally commoditized nature of synthetic fabrics, a strong, durable moat such as a dominant consumer brand or proprietary technology is less evident without more specific company details.
5. Growth Drivers
Growing Domestic Demand: India's large and growing population, increasing disposable incomes, and evolving fashion trends continue to fuel demand for apparel and textile products.
Shift towards Blended Fabrics: Consumer preferences for durable, easy-to-maintain, and cost-effective synthetic and blended fabrics provide a tailwind for the company's core products.
Export Opportunities: Government initiatives (e.g., Production Linked Incentive schemes), potential global supply chain realignments (e.g., "China+1" strategy), and free trade agreements could boost textile exports from India.
Capacity Utilization & Expansion: Optimization of existing capacities and strategic expansions into new product lines or higher-value segments can drive volume growth.
6. Risks
Raw Material Price Volatility: Fluctuations in the prices of key raw materials like polyester, viscose, and other chemicals directly impact production costs and profit margins.
Intense Competition: The fragmented nature of the Indian textile industry leads to strong price and quality-based competition, potentially pressuring margins.
Fashion & Demand Changes: Rapid shifts in consumer preferences, fashion trends, and discretionary spending can quickly impact demand for specific fabric types.
Foreign Exchange Fluctuations: If the company has significant import of raw materials or export of finished goods, currency volatility can affect profitability.
Regulatory & Trade Policy Changes: Alterations in government policies, import/export duties, and trade agreements can impact the business environment.
Energy Costs: Textile manufacturing is energy-intensive, making the company susceptible to increases in power and fuel costs.
7. Management & Ownership
Seasons Textiles Ltd. is typically a promoter-led company, with the promoter group holding a significant ownership stake. This structure is common in many Indian businesses and generally implies direct involvement in strategic decision-making and operational oversight. Without specific details on individual management profiles or corporate governance reports, a qualitative assessment of management effectiveness beyond promoter involvement is limited.
8. Outlook
Seasons Textiles operates in a dynamic and competitive Indian textile market. The positive outlook for the company hinges on its ability to capitalize on India's robust domestic consumption growth, the increasing preference for blended fabrics, and potential gains from government incentives for textile manufacturing and exports. Efficient management of production costs, continuous product innovation, and strategic market penetration will be crucial. Conversely, the company faces significant challenges from intense competition, inherent volatility in raw material and energy prices, and the risks associated with rapidly changing fashion cycles and potential global economic slowdowns impacting demand. Its performance will largely be determined by its operational efficiencies, adaptability to market trends, and effective risk management in a highly competitive landscape.
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| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 5 | 6 | 8 | 7 | 9 | 6 | 6 | 8 | 7 | 4 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 |
| Total Income | 5 | 6 | 8 | 7 | 9 | 6 | 6 | 8 | 7 | 4 |
| Total Expenditure | 5 | 5 | 7 | 6 | 8 | 5 | 5 | 7 | 6 | 3 |
| Operating Profit | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -0 | -0 | 0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 |
| Provision for Tax | -0 | -0 | 0 | -0 | -0 | -0 | 0 | -0 | 0 | 0 |
| Profit After Tax | -0 | 0 | -0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 |
| Adjustments | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | 0 | -0 | 0 | 0 | -0 | -0 | 0 | 0 | 0 |
| Adjusted Earnings Per Share | -0.3 | 0 | -0 | 0.2 | 0 | -0.3 | -0.4 | 0.2 | 0 | 0 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 39 | 40 | 42 | 38 | 38 | 34 | 17 | 26 | 24 | 26 | 27 | 25 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 39 | 40 | 42 | 38 | 38 | 34 | 17 | 27 | 24 | 27 | 27 | 25 |
| Total Expenditure | 32 | 33 | 35 | 33 | 32 | 29 | 13 | 23 | 20 | 23 | 24 | 21 |
| Operating Profit | 7 | 7 | 6 | 5 | 6 | 5 | 4 | 4 | 4 | 4 | 3 | 4 |
| Interest | 4 | 4 | 3 | 2 | 3 | 3 | 3 | 2 | 3 | 3 | 2 | 2 |
| Depreciation | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 1 | 1 | 0 | 0 | 1 | -0 | -1 | -1 | -0 | -0 | -0 | 0 |
| Provision for Tax | 0 | 0 | 0 | -0 | 0 | -0 | -0 | -0 | 0 | -0 | 0 | 0 |
| Profit After Tax | 1 | 1 | 0 | 1 | 0 | -0 | -1 | -0 | -0 | -0 | -0 | 0 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 1 | 0 | 1 | 0 | -0 | -1 | -0 | -0 | -0 | -0 | 0 |
| Adjusted Earnings Per Share | 0.8 | 0.8 | 0.4 | 0.8 | 0.5 | -0.3 | -1.1 | -0.6 | -0.6 | -0.3 | -0.4 | -0.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 4% | 1% | -5% | -4% |
| Operating Profit CAGR | -25% | -9% | -10% | -8% |
| PAT CAGR | 0% | 0% | 0% | -100% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -15% | 10% | 23% | 9% |
| ROE Average | -1% | -1% | -1% | 0% |
| ROCE Average | 3% | 4% | 3% | 6% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 23 | 24 | 36 | 36 | 37 | 37 | 36 | 35 | 35 | 35 | 35 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 5 | 8 | 7 | 7 | 15 | 15 | 19 | 17 | 16 | 13 | 11 |
| Other Non-Current Liabilities | 5 | 4 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Total Current Liabilities | 17 | 16 | 15 | 14 | 13 | 12 | 10 | 10 | 11 | 14 | 14 |
| Total Liabilities | 50 | 52 | 62 | 60 | 68 | 66 | 66 | 65 | 64 | 64 | 61 |
| Fixed Assets | 23 | 22 | 34 | 33 | 39 | 38 | 38 | 36 | 37 | 37 | 36 |
| Other Non-Current Assets | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Total Current Assets | 25 | 27 | 27 | 26 | 29 | 27 | 29 | 28 | 26 | 27 | 24 |
| Total Assets | 50 | 52 | 62 | 60 | 68 | 66 | 66 | 65 | 64 | 64 | 61 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Cash Flow from Operating Activities | 4 | 1 | 3 | 2 | -1 | 2 | -0 | 3 | 4 | 1 | 3 |
| Cash Flow from Investing Activities | -3 | -3 | -1 | -1 | -7 | -1 | -2 | -0 | -3 | -1 | -1 |
| Cash Flow from Financing Activities | -1 | 3 | -2 | -0 | 7 | -1 | 2 | -2 | -1 | 0 | -3 |
| Net Cash Inflow / Outflow | -0 | 1 | 0 | 0 | -1 | -0 | 0 | -0 | 0 | -0 | -0 |
| Closing Cash & Cash Equivalent | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.81 | 0.84 | 0.36 | 0.77 | 0.47 | -0.27 | -1.06 | -0.56 | -0.65 | -0.28 | -0.45 |
| CEPS(Rs) | 4.32 | 4.34 | 3.59 | 3.68 | 3.47 | 2.45 | 1.6 | 1.64 | 1.61 | 2.05 | 1.39 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 28.43 | 28.66 | 47.72 | 48.53 | 49.02 | 48.86 | 47.8 | 47.3 | 46.8 | 46.75 | 46.43 |
| Core EBITDA Margin(%) | 17.36 | 16.7 | 14.95 | 12.86 | 15.36 | 13.53 | 21.69 | 13.1 | 15.7 | 14.94 | 12.04 |
| EBIT Margin(%) | 10.86 | 10.4 | 9.36 | 7.33 | 9.55 | 7.61 | 10.34 | 7.09 | 8.9 | 8.64 | 7.36 |
| Pre Tax Margin(%) | 1.8 | 1.6 | 1.03 | 1 | 1.33 | -1.47 | -6.24 | -1.94 | -1.92 | -1.31 | -1.13 |
| PAT Margin (%) | 1.54 | 1.57 | 0.64 | 1.53 | 0.95 | -0.61 | -4.66 | -1.59 | -2.03 | -0.8 | -1.23 |
| Cash Profit Margin (%) | 8.27 | 8.15 | 6.46 | 7.33 | 6.93 | 5.46 | 6.99 | 4.65 | 5.05 | 5.81 | 3.81 |
| ROA(%) | 1.21 | 1.23 | 0.47 | 0.95 | 0.56 | -0.31 | -1.21 | -0.64 | -0.76 | -0.33 | -0.54 |
| ROE(%) | 2.82 | 2.93 | 0.94 | 1.6 | 0.97 | -0.56 | -2.2 | -1.18 | -1.38 | -0.6 | -0.96 |
| ROCE(%) | 10.96 | 10.29 | 7.97 | 5.03 | 6.16 | 4.15 | 2.85 | 3.05 | 3.55 | 3.86 | 3.47 |
| Receivable days | 69.98 | 61.26 | 59.73 | 60.91 | 61.92 | 75.77 | 143.97 | 100.92 | 110.69 | 91.32 | 90.82 |
| Inventory Days | 128.08 | 134 | 129.13 | 137.17 | 144.11 | 169.95 | 336.69 | 202.37 | 217.9 | 206.23 | 198.64 |
| Payable days | 33.37 | 38.83 | 40.08 | 44.49 | 43.71 | 46.33 | 137.19 | 59.2 | 105.71 | 98.31 | 90.03 |
| PER(x) | 4.5 | 7.51 | 21.59 | 28.79 | 19.52 | 0 | 0 | 0 | 0 | 0 | 0 |
| Price/Book(x) | 0.13 | 0.22 | 0.16 | 0.46 | 0.19 | 0.11 | 0.15 | 0.31 | 0.27 | 0.39 | 0.41 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.49 | 0.6 | 0.57 | 0.87 | 0.84 | 0.82 | 1.86 | 1.33 | 1.36 | 1.4 | 1.28 |
| EV/Core EBITDA(x) | 2.76 | 3.52 | 3.73 | 6.63 | 5.38 | 5.98 | 8.46 | 9.96 | 8.53 | 9.16 | 10.29 |
| Net Sales Growth(%) | 8.76 | 2.03 | 4.1 | -9.47 | -0.32 | -10.49 | -49.04 | 54.83 | -10.05 | 11.14 | 3.05 |
| EBIT Growth(%) | 2.11 | -2.26 | -6.32 | -29.1 | 29.9 | -28.64 | -30.82 | 6.24 | 12.83 | 7.87 | -12.16 |
| PAT Growth(%) | 1.14 | 4.04 | -57.36 | 115.91 | -38.61 | -158.04 | -287.48 | 47.11 | -14.96 | 56.55 | -59.14 |
| EPS Growth(%) | 1.14 | 4.04 | -57.36 | 115.91 | -38.61 | -158.05 | -287.45 | 47.11 | -14.97 | 56.55 | -59.12 |
| Debt/Equity(x) | 0.81 | 0.97 | 0.55 | 0.5 | 0.69 | 0.67 | 0.76 | 0.7 | 0.69 | 0.69 | 0.62 |
| Current Ratio(x) | 1.44 | 1.68 | 1.77 | 1.93 | 2.19 | 2.25 | 2.83 | 2.71 | 2.33 | 1.86 | 1.78 |
| Quick Ratio(x) | 0.62 | 0.72 | 0.85 | 0.88 | 1.01 | 0.95 | 1.27 | 1.38 | 1 | 0.8 | 0.72 |
| Interest Cover(x) | 1.2 | 1.18 | 1.12 | 1.16 | 1.16 | 0.84 | 0.62 | 0.79 | 0.82 | 0.87 | 0.87 |
| Total Debt/Mcap(x) | 6.32 | 4.42 | 3.4 | 1.08 | 3.66 | 6.3 | 5.02 | 2.24 | 2.56 | 1.76 | 1.53 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 61.45 | 61.45 | 61.45 | 61.45 | 61.45 | 61.45 | 61.45 | 61.45 | 61.45 | 61.45 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 38.55 | 38.55 | 38.55 | 38.55 | 38.55 | 38.55 | 38.55 | 38.55 | 38.55 | 38.55 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +4% | +1% | -5% | -4% |
| Operating Profit CAGR | -25% | -9% | -10% | -8% |
| PAT CAGR | — | — | — | -100% |
| Share Price CAGR | -15% | +10% | +23% | +9% |
| ROE Average | -1% | -1% | -1% | 0% |
| ROCE Average | +3% | +4% | +3% | +6% |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 61.45 | 61.45 | 61.45 | 61.45 | 61.45 | 61.45 | 61.45 | 61.45 | 61.45 | 61.45 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 38.55 | 38.55 | 38.55 | 38.55 | 38.55 | 38.55 | 38.55 | 38.55 | 38.55 | 38.55 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 |
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