1. At a Glance
Soma Textiles has just turned a ₹3.6 Cr profit after a series of losses, but wait – promoters are cashing out their entire 74.98% stake for ₹87.7 Cr. An open offer at ₹47.14/share is underway while the stock trades at ₹98.6. Plot twist? Denim is cool, but this stock is on fire for reasons beyond fabric.
2. Introduction
Imagine a company selling jeans but giving investors a thriller. Soma’s sales are still in tatters (₹2 Cr Q1 revenue) yet it’s pulling profits thanks to other income magic. And now with promoters exiting, the takeover soap opera just got spicy.
3. Business Model – WTF Do They Even Do?
- Products: Denim, stretch fabric, vintage styles.
- Reality: Sales are so low they wouldn’t fill a Zara rack.
- Current Mode: Survival through asset sales & corporate restructuring.
4. Financials Overview
