Company Overview
Singer India Limited (BSE: 505729, NSE: SINGERIND) reported strong financial performance for FY 2025-26 and announced its 48th Annual General Meeting details.
Financial Performance Highlights
Revenue Growth: The company reported 29% year-on-year revenue growth to ₹557.33 crore (from ₹431.67 crore in FY25)
Profit Growth: Net profit surged 73% to ₹12.76 crore (from ₹7.39 crore in FY25)
EBITDA: Increased 76% to ₹22.23 crore (from ₹12.64 crore)
EPS: Basic EPS improved to ₹2.07 (from ₹1.20)
Segment Performance
Sewing Machines Business: Revenue grew 42% to ₹452.55 crore with segment profit of ₹52.41 crore
Domestic Appliances: Revenue declined 7% to ₹104.78 crore with segment loss of ₹10.53 crore
E-commerce: Recorded 25% growth in sewing machine sales through online channels
Dividend and Corporate Actions
The Board recommended a Final Dividend of ₹0.40 per equity share (face value ₹2.00), subject to shareholder approval at the 48th AGM scheduled for August 7, 2026. The company issued 5,63,578 equity shares on preferential basis at ₹79.59 per share during the year.
ESOP Scheme Details
The Singer India Stock Option Plan (ESOP 2023) for 36,00,000 equity shares showed:
- Options outstanding: 29,25,000 options
- Weighted average exercise price: ₹66.79
- Expense recognized: ₹236.68 lakh
- Weighted average remaining contractual life: 2.99 years
Risk Management
Currency Risk: Significant exposure with USD trade payables of ₹1,417.45 lakh - 1% USD/INR movement impacts P&L by ₹14.17 lakh
Contingent Liabilities: Total ₹714.53 lakh comprising legal claims (₹713.96 lakh) and tax disputes (₹0.57 lakh)
Foreign Exchange Contracts: 8 INR/USD buy forward contracts with nominal amount of ₹1,183.40 lakh
Corporate Governance and Compliance
The 48th AGM will be held via video conference on August 7, 2026 with e-voting available from August 4-6, 2026. The company has complied with SEBI Listing Regulations and Companies Act, 2013, except for some inadvertent non-compliances. Statutory auditors B S R & Co LLP were reappointed for a second term.
Subsequent Events and Commitments
- CFO succession completed with Mr. Anuj Kumar Vasdev appointed effective April 1, 2026
- Registered office shifted to Institute for Studies in Industrial Development, New Delhi
- Estimated capital contracts remaining: ₹18.25 lakh (net of advances)
- Compliance with new Labour Codes resulted in incremental impact of ₹73.10 lakh
Subsidiary Status
Brand Trading (India) Private Limited, the wholly-owned subsidiary, remains under voluntary liquidation process since January 2020.
Key Ratios Improvement
- Return on Equity: Improved 51% to 0.08
- Inventory Turnover: Improved 29% to 3.88 times
- Net Profit Ratio: Improved 34% to 2.29%
- Return on Capital Employed: Improved 51% to 9.73%
Employee Benefits
Defined Benefit Plan (Gratuity): Present value of obligation ₹591.89 lakh with net funded obligation of ₹60.69 lakh
Defined Contribution Plans: Total expenses of ₹231.06 lakh for provident fund, ESI, and super annuation
CSR Activities
CSR expenditure of ₹22.98 lakh against obligation of ₹21.06 lakh, focused on skill development and women empowerment through 'Ek Nayi Pehchaan' initiative.