Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹327 Cr.
Stock P/E
290.9
P/B
3.4
Current Price
₹7.6
Book Value
₹ 2.2
Face Value
1
52W High
₹14.5
52W Low
₹ 1.9
Dividend Yield
0%

Starlineps Enter. Overview

Business

Starlineps Enterprises Ltd. is an India-based company primarily engaged in trading various goods and merchandise. Historically, its trading activities have focused on products such as textiles (e.g., yarn, fabrics, and ready-made garments) and chemicals. Beyond pure merchandise trading, the company also operates a financial services arm, which involves making investments, advancing loans, and engaging in other related financial activities. The core business model combines generating profit margins from sourcing, inventory management, and distribution of physical goods with income generation from its financial asset management and lending portfolio.

Revenue Mix

The company's revenue primarily stems from two broad operational areas:

Trading Activities: This segment encompasses the buying and selling of various goods, predominantly textiles and chemicals. Specific revenue breakdowns by individual product categories within trading are generally not publicly disclosed.

Financial Activities: This segment includes income generated from investments (e.g., dividends, capital gains) and interest earned on loans advanced.

Both trading and financial activities are significant contributors to the company's overall revenue, though exact percentage contributions are not consistently and precisely available in public records.

Industry

Starlineps Enterprises Ltd. operates within the highly fragmented and competitive trading sector in India. The market for general merchandise, textiles, and chemicals trading is characterized by numerous small to medium-sized players, leading to intense competition based on pricing, sourcing efficiency, and distribution networks. Given its diversified approach, also including financial activities, Starlineps competes with a wide range of trading houses and, to a lesser extent, non-banking financial companies (NBFCs). Its size generally positions it as a relatively smaller participant in the broader Indian trading and financial services landscape.

MOAT

Starlineps Enterprises Ltd. does not appear to possess a strong, durable competitive advantage (moat) commonly associated with larger, more specialized enterprises. The trading industry, particularly for diversified goods, often has low barriers to entry. Any competitive advantages are likely to be moderate and could include:

Established Sourcing & Distribution Networks: Long-standing relationships with suppliers and customers can provide a degree of operational stability.

Niche Expertise: Specific knowledge and experience in its core trading categories like textiles or chemicals could offer an edge.

Capital Management: Its active involvement in financial activities suggests an ability to manage capital for investment and lending, potentially generating supplementary returns.

However, these advantages are generally replicable and do not offer a substantial, long-term barrier against competitors.

Growth Drivers

Key factors that could drive growth for Starlineps Enterprises Ltd. over the next 3-5 years include:

Economic Growth in India: A robust Indian economy typically translates to higher demand for traded goods across various sectors.

Expansion of Trading Portfolio: Diversification into new product categories or deeper penetration into existing markets.

Strategic Investments & Lending: Prudent management of its investment portfolio and judicious expansion of its lending activities to generate higher financial returns.

Operational Efficiency: Improvements in sourcing, logistics, and inventory management to enhance profit margins from trading.

Market Share Gains: Leveraging its network and operational strengths to capture a larger share in its target trading segments.

Risks

Starlineps faces several business risks:

Product Price Volatility: Fluctuations in the prices of textiles, chemicals, or other traded goods can directly impact profit margins and inventory values.

Intense Competition: The fragmented nature of the trading sector leads to constant pressure on pricing and margins from numerous domestic and international competitors.

Credit Risk: For its financial activities, there is a risk of default by borrowers on loans advanced or underperformance of investments.

Supply Chain Disruptions: Issues with sourcing, manufacturing, or logistics can affect inventory availability and delivery schedules.

Economic Downturns: A slowdown in the Indian economy would reduce overall demand for traded goods and could adversely impact investment and lending performance.

Regulatory & Policy Changes: Alterations in trade policies, import/export regulations, or financial sector regulations could impact operations and profitability.

Management & Ownership

The company is governed by its Board of Directors. The promoter group holds a significant stake in Starlineps Enterprises Ltd., indicating a strong alignment of their interests with the company's long-term performance. Specific details on the quality of day-to-day management or past track record would require a deeper review of annual reports and corporate governance disclosures. As is common with many smaller Indian listed entities, promoter ownership forms a substantial portion of the company's equity.

Outlook

Starlineps Enterprises Ltd. operates in the fundamental yet highly competitive trading sector, supplemented by its financial activities. The bull case envisions growth driven by an expanding Indian economy increasing demand for its traded goods, successful diversification into new product lines, efficient management of its investment portfolio, and strong execution in optimizing sourcing and distribution channels. The bear case highlights significant challenges from intense competition, potential margin erosion due to price volatility in traded commodities, inherent credit and market risks associated with its financial activities, and vulnerability to broader economic downturns. Without a unique proprietary edge, sustained growth and profitability will largely depend on its operational efficiency, market adaptability, and prudent capital allocation within its diversified trading and financial business model.

Starlineps Enter. Share Price

Live · BSE · Inception: 2011
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Starlineps Enter. Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 12 17 24 18 14 13 37 20 28 20
Other Income 0 0 0 0 1 0 0 0 1 0
Total Income 12 17 24 18 15 13 37 20 29 20
Total Expenditure 12 13 20 16 16 11 35 19 26 20
Operating Profit -0 4 4 2 -1 1 2 1 3 1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -5 0
Profit Before Tax -0 4 4 2 -1 1 2 1 -3 0
Provision for Tax 0 1 1 0 -0 0 0 0 -1 0
Profit After Tax -0 3 3 1 -1 1 2 1 -2 0
Adjustments -0 0 0 -0 0 0 -0 0 0 0
Profit After Adjustments -0 3 3 1 -1 1 2 1 -2 0
Adjusted Earnings Per Share -0 0.1 0.1 0 -0 0 0.1 0 -0 0

Starlineps Enter. Profit & Loss

#(Fig in Cr.) Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 30 73 98 105
Other Income 1 1 1 1
Total Income 30 75 99 106
Total Expenditure 28 66 92 100
Operating Profit 2 9 7 7
Interest 0 0 0 0
Depreciation 0 0 0 0
Exceptional Income / Expenses 0 0 -5 -5
Profit Before Tax 2 9 2 0
Provision for Tax 1 2 0 -1
Profit After Tax 2 7 1 1
Adjustments 0 0 0 0
Profit After Adjustments 2 7 1 1
Adjusted Earnings Per Share 0.1 0.2 0 0.1

Starlineps Enter. Balance Sheet

#(Fig in Cr.) Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 26 33 167
Minority's Interest 0 0 0
Borrowings 0 0 0
Other Non-Current Liabilities -0 -0 -0
Total Current Liabilities 3 20 10
Total Liabilities 30 53 177
Fixed Assets 0 1 1
Other Non-Current Assets 6 7 9
Total Current Assets 24 45 168
Total Assets 30 53 177

Starlineps Enter. Cash Flow

#(Fig in Cr.) Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 2 14 15
Cash Flow from Operating Activities 12 3 -17
Cash Flow from Investing Activities -0 -2 -7
Cash Flow from Financing Activities 0 0 137
Net Cash Inflow / Outflow 12 0 113
Closing Cash & Cash Equivalent 14 15 127

Starlineps Enter. Ratios

# Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 0.05 0.2 0.03
CEPS(Rs) 0.05 0.2 0.03
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 0.8 1 2.21
Core EBITDA Margin(%) 6.52 10.06 6.14
EBIT Margin(%) 8.33 11.99 1.96
Pre Tax Margin(%) 8.33 11.94 1.62
PAT Margin (%) 6.02 8.96 1.15
Cash Profit Margin (%) 6.05 8.99 1.2
ROA(%) 6.05 15.87 0.98
ROE(%) 6.82 22.22 1.75
ROCE(%) 9.44 29.75 1.87
Receivable days 0 25.88 44.06
Inventory Days 4.69 60.45 77.58
Payable days 34.28 59.83 49.32
PER(x) 226.98 21.67 400.38
Price/Book(x) 15.46 4.34 4.72
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 13.18 1.74 3.35
EV/Core EBITDA(x) 157.44 14.51 45.07
Net Sales Growth(%) 0 146.47 33.13
EBIT Growth(%) 0 254.57 -78.29
PAT Growth(%) 0 266.81 -82.91
EPS Growth(%) 0 267.04 -86.9
Debt/Equity(x) 0 0 0.04
Current Ratio(x) 7.23 2.23 17.43
Quick Ratio(x) 7.11 1.06 15.6
Interest Cover(x) 2519.16 237.31 5.81
Total Debt/Mcap(x) 0 0 0.01

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +34% — — —
Operating Profit CAGR -22% — — —
PAT CAGR -86% — — —
Share Price CAGR +133% -18% +5% —
ROE Average +2% +10% +10% +10%
ROCE Average +2% +14% +14% +14%

Starlineps Enter. Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 32.97 %
FII 0 %
DII (MF + Insurance) 5.11 %
Public (retail) 61.93 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 26.8926.8926.8929.0231.5136.1536.1539.1232.9732.97
FII 0000000000
DII 000000005.115.11
Public 73.1173.1173.1170.9868.4963.8563.8560.8861.9261.93
Others 0000000000
Total 100100100100100100100100100100

Starlineps Enter. Peer Comparison

Starlineps Enter. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Starlineps Enter. Pros & Cons

Pros

  • Debtor days have improved from 59.83 to 49.32days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 32.97%.
  • Company has a low return on equity of 10% over the last 3 years.
  • Stock is trading at 3.4 times its book value.
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