Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹305 Cr.
Stock P/E
40.3
P/B
2.2
Current Price
₹12.9
Book Value
₹ 5.8
Face Value
2
52W High
₹23.8
52W Low
₹ 12.8
Dividend Yield
0.77%

Swiss Military Cons. Overview

Business

Swiss Military Consumer Goods Ltd. is an Indian company engaged in the design, development, marketing, and distribution of a wide range of consumer lifestyle products under the "Swiss Military" brand. The company primarily operates as a brand licensor/marketer, sourcing manufacturing from third parties and focusing on product development, quality control, branding, and distribution. Their product portfolio spans travel gear (luggage, backpacks), watches, writing instruments, men's accessories (wallets, belts), consumer electronics (power banks, earphones), small leather goods, and select apparel. They make money by selling these branded products through various channels including general trade, modern trade, corporate sales, and a growing e-commerce presence.

Revenue Mix

While specific revenue contribution percentages are not always readily available in public summaries for a company of this size, the company's offerings can be broadly categorized into:

Travel Gear & Luggage: Backpacks, trolleys, duffel bags.

Watches: A range of timepieces.

Accessories: Wallets, belts, pens, eyewear.

Consumer Electronics: Power banks, Bluetooth speakers, headphones.

Apparel: T-shirts, jackets (though often a smaller segment).

Historically, travel gear and watches have been significant contributors, leveraging the brand's association with ruggedness and precision.

Industry

The company operates within the broad consumer goods industry, specifically targeting the lifestyle products and accessories segments. This industry in India is characterized by its large size, high fragmentation, intense competition, and rapid shifts in consumer preferences. Swiss Military Consumer Goods positions itself as a premium yet accessible brand, leveraging the "Swiss Military" name to connote quality, durability, and a sophisticated image. They compete with a vast array of domestic and international brands in each product category, ranging from large conglomerates to specialized niche players, particularly in travel accessories, watches, and electronics.

MOAT

The primary competitive advantage for Swiss Military Consumer Goods Ltd. lies in its exclusive, perpetual, and transferable license to use the "Swiss Military" brand in India and certain other territories for specific product categories. This brand association provides a significant advantage by conferring perceived quality, reliability, and aspirational value in the minds of consumers. The company has invested in building an established distribution network across various trade channels and a growing e-commerce presence, which also serves as an operational moat.

Growth Drivers

Expanding Product Portfolio: Introduction of new product categories and deeper penetration within existing ones to capture a larger share of consumer spending.

E-commerce Penetration: Increased focus on online sales channels to reach a wider customer base and cater to the growing digital consumption trend in India.

Corporate Gifting Segment: Strong potential in the corporate gifting market, where branded premium products are often preferred.

Market Expansion: Deeper penetration into Tier II and Tier III cities within India, and potential for export growth in other licensed territories.

Rising Disposable Incomes: Growth in Indian disposable incomes and a shift towards aspirational and branded lifestyle products.

Risks

Intense Competition: Highly competitive market with established domestic and international brands, making market share gains challenging.

Brand Dilution/Management: Risk of brand image dilution if product quality or consumer perception declines, or if the licensing agreement faces issues.

Supply Chain Disruptions: Reliance on third-party manufacturing and global supply chains makes the company vulnerable to disruptions, raw material price volatility, and geopolitical events.

Consumer Trend Changes: Rapidly evolving consumer preferences in fashion and technology can impact demand for existing product lines.

Economic Downturn: Discretionary spending on lifestyle products is sensitive to economic slowdowns.

Foreign Exchange Fluctuations: For imported components or finished goods, currency volatility can impact costs and profitability.

Management & Ownership

The company is promoted by Mr. Anuj Sawhney and Mrs. Mona Sawhney, who have been instrumental in establishing and growing the "Swiss Military" brand in India. Mr. Anuj Sawhney serves as the Managing Director and CEO, bringing experience in consumer goods branding and distribution. The promoters hold a significant stake in the company, aligning their interests with those of public shareholders. The company initially listed on the BSE SME platform and later migrated to the main board, indicating a degree of operational maturity and governance.

Outlook

Swiss Military Consumer Goods Ltd. operates in a dynamic and growing consumer market, benefiting from a strong brand recall and a diversified product portfolio. The company's strategy to leverage the "Swiss Military" brand across multiple lifestyle categories, coupled with increasing e-commerce focus and penetration into new markets, presents avenues for growth. However, the outlook is balanced by the inherent challenges of the highly competitive consumer goods industry, the need for continuous product innovation, efficient supply chain management, and the execution risk associated with expanding operations while maintaining brand integrity. The company's ability to effectively manage these factors will be crucial for sustained performance.

Swiss Military Cons. Share Price

Live · BSE / NSE · Inception: 1989
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Swiss Military Cons. 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 54 46 56 57 59 56 67 72 65 54
Other Income 0 0 0 1 1 0 1 0 1 1
Total Income 54 47 56 58 60 56 68 73 65 54
Total Expenditure 51 44 53 55 56 53 64 69 63 51
Operating Profit 3 2 3 3 4 3 4 4 2 3
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 1
Exceptional Income / Expenses 0 0 -0 0 0 0 0 -0 0 0
Profit Before Tax 3 2 3 3 4 3 3 3 2 2
Provision for Tax 1 1 1 1 1 1 1 1 0 1
Profit After Tax 2 2 2 2 3 2 2 2 1 1
Adjustments -0 0 -0 0 0 -0 0 0 0 0
Profit After Adjustments 2 2 2 2 3 2 2 2 1 1
Adjusted Earnings Per Share 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

Swiss Military Cons. Profit & Loss

#(Fig in Cr.) Mar 2011 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 2 130 188 218 260 258
Other Income 0 1 2 2 2 3
Total Income 2 131 190 220 262 260
Total Expenditure 2 123 178 207 249 247
Operating Profit -1 8 11 13 12 13
Interest 0 0 0 0 1 0
Depreciation 1 0 0 0 0 1
Exceptional Income / Expenses 0 0 0 -0 -0 0
Profit Before Tax -1 8 11 12 10 10
Provision for Tax -0 2 3 3 3 3
Profit After Tax -1 6 8 9 8 6
Adjustments 0 0 0 0 0 0
Profit After Adjustments -1 6 8 9 8 6
Adjusted Earnings Per Share -0.1 0.3 0.4 0.4 0.3 0.4

Swiss Military Cons. Balance Sheet

#(Fig in Cr.) Mar 2011 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 52 68 73 129 136
Minority's Interest 0 0 0 0 0
Borrowings 0 0 0 17 16
Other Non-Current Liabilities 0 -0 0 -0 0
Total Current Liabilities 0 7 18 21 29
Total Liabilities 53 75 91 166 181
Fixed Assets 3 1 1 38 41
Other Non-Current Assets 22 0 0 7 11
Total Current Assets 27 73 90 121 130
Total Assets 53 75 91 166 181

Swiss Military Cons. Cash Flow

#(Fig in Cr.) Mar 2011 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 11 7 27 22 36
Cash Flow from Operating Activities -3 -17 -3 -7 6
Cash Flow from Investing Activities -0 0 1 -43 -5
Cash Flow from Financing Activities 0 37 -3 63 -2
Net Cash Inflow / Outflow -4 21 -5 14 -1
Closing Cash & Cash Equivalent 7 27 22 36 35

Swiss Military Cons. Ratios

# Mar 2011 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) -0.1 0.28 0.38 0.37 0.32
CEPS(Rs) -0.04 0.29 0.39 0.39 0.34
DPS(Rs) 0 0.14 0.09 0 0.1
Book NAV/Share(Rs) 3.48 3.1 3.34 5.45 5.78
Core EBITDA Margin(%) -38.39 5.54 5.23 5.01 4.01
EBIT Margin(%) -98.06 6.05 5.98 5.59 4.49
Pre Tax Margin(%) -98.27 6.05 5.97 5.4 3.97
PAT Margin (%) -97.81 4.75 4.44 4.02 2.91
Cash Profit Margin (%) -36.95 4.92 4.57 4.18 3.1
ROA(%) -2.78 9.71 10.06 6.81 4.35
ROE(%) -2.8 10.28 11.85 8.7 5.7
ROCE(%) -2.81 13.09 15.94 11.16 7.83
Receivable days 4.5 23.34 49.1 64.55 63.61
Inventory Days 2553.39 51.74 38.31 41.51 46.16
Payable days 84.68 9.68 24.37 32.75 37.63
PER(x) 0 41.06 62.33 67.16 40.67
Price/Book(x) 0.85 3.74 7.13 4.58 2.25
Dividend Yield(%) 0 1.24 0.38 0 0.77
EV/Net Sales(x) 24.55 1.74 2.65 2.61 1.11
EV/Core EBITDA(x) -65.99 27.97 43.42 44.51 23.15
Net Sales Growth(%) 50.33 8467.25 44.55 16.19 18.98
EBIT Growth(%) -209.08 628.4 43 8.62 -4.5
PAT Growth(%) -206.57 516.17 35.17 5.06 -13.81
EPS Growth(%) -206.6 386.45 35.19 -2.64 -13.91
Debt/Equity(x) 0 0 0 0.13 0.12
Current Ratio(x) 88.66 10.78 4.96 5.87 4.54
Quick Ratio(x) 26.15 8.21 3.75 4.53 3.21
Interest Cover(x) -450.88 0 490.94 29.43 8.65
Total Debt/Mcap(x) 0 0 0 0.03 0.05

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +19% +26% — —
Operating Profit CAGR -8% +14% — —
PAT CAGR -11% +10% — —
Share Price CAGR -44% -6% +37% +25%
ROE Average +6% +9% +7% +7%
ROCE Average +8% +12% +9% +9%

Swiss Military Cons. Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 63.1 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 36.9 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 63.8563.8563.1663.1663.1663.1663.1663.1663.163.1
FII 0.050.05000.020.020000
DII 0000000000
Public 36.0936.0936.8436.8436.8236.8236.8436.8436.936.9
Others 0000000000
Total 100100100100100100100100100100

Swiss Military Cons. Peer Comparison

Swiss Military Cons. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Swiss Military Cons. Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 9% over the last 3 years.
  • Debtor days have increased from 32.75 to 37.63days.
Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

whatsapp