1. At a Glance
A tiny ₹17 Cr market cap SME player in apparel that just swung to profits after years of red ink. ROE? 37%. But revenues? Sinking faster than last season’s lehenga trend.
- CMP: ₹23.8
- P/E: 8.03
- Book Value: ₹9.48
- ROE: 36.9% (but wait till you see the trick)
- Debt: Near zero
- Revenue TTM: ₹2.62 Cr
This is not your typical fashion IPO story — it’s more “finance meets frills meets forensic accounting.”
2. Introduction with Hook
Imagine launching a clothing brand, losing money for five years, and then — bam! — suddenly posting a profit… thanks to ₹2.86 Cr in “other income.”
That’s S K International Export Ltd for you. A microcap miracle or a side-hustle with a balance sheet?
- Sales CAGR 5Y: -20%
- Profit TTM: ₹2.17 Cr
- EPS FY25: ₹2.96
We’re not sure if it’s an apparel company or just a SEBI-compliant riddle.
3. Business Model (WTF Do They Even Do?)
- Garment Manufacturer for women’s & men’s wear
- Works with silk, viscose, cotton, polyester, wool and blends
- Launched a low-cost dupatta line (ethnic chic at EMI rates?)
- No sign of D2C, export orders, or large retail tie-ups
There’s
