Company Overview

Superhouse Limited (NSE: SUPERHOUSE, BSE: 523283) filed its Annual Report for FY2025-26, containing audited standalone and consolidated financial statements, directors' report, management discussion & analysis, and notice of the 46th Annual General Meeting scheduled for September 30, 2026.

Financial Performance

Standalone Performance (₹ in Lakhs):

  • Revenue from operations: ₹51,945.25 (FY2024-25: ₹50,490.78)
  • Profit after tax: ₹1,220.72 (FY2024-25: ₹1,341.33)
  • Earnings per share: ₹11.07 (FY2024-25: ₹12.17)

Consolidated Performance (₹ in Lakhs):

  • Revenue from operations: ₹67,676.38 (FY2024-25: ₹66,499.47)
  • Profit after tax: ₹59.16 (FY2024-25: ₹765.62)
  • Profit attributable to owners: ₹308.02 (FY2024-25: ₹911.19)
  • Basic EPS: ₹2.87 (FY2024-25: ₹8.48)

Segment Analysis

Leather and Leather Products: Revenue of ₹59,402.72 lakhs (87.8% of total) with profit before tax and finance cost of ₹2,424.84 lakhs

Textile Garments: Revenue of ₹8,896.25 lakhs (13.2% of total) with profit before tax and finance cost of ₹401.25 lakhs

Dividend Declaration

The Board recommended a final dividend of ₹0.80 per equity share (8% of face value ₹10) for FY2025-26, consistent with the previous year. Total dividend outflow including taxes will be approximately ₹88.20 lakhs, with record date set for September 15, 2026.

Operational Highlights

The company operates 22 manufacturing facilities with 4,900+ employees, exporting leather and footwear products to 50+ countries. Key brands include Allen Cooper and Silver Street. Foreign exchange earnings stood at ₹33,570.45 lakhs, and the company received National Export Excellence Award for Harness & Saddlery exports.

Subsidiary Performance

Subsidiaries showed mixed results:

  • Superhouse (UK) Ltd.: Revenue ₹4,069.92 lakhs, Loss ₹(382.39) lakhs
  • Briggs Industrial Footwear Ltd.: Revenue ₹4,416.28 lakhs, Loss ₹(1,060.46) lakhs
  • Linea De Seguridad SLU: Revenue ₹1,032.58 lakhs, Loss ₹(2.09) lakhs (with deferred tax asset recognition of ₹571.67 lakhs as key audit matter)
  • Creemos International Ltd.: Revenue ₹6,128.35 lakhs, Profit ₹272.20 lakhs
  • Allen Cooper Ltd.: Revenue ₹1,125.24 lakhs, Loss ₹(58.92) lakhs

The company recognized an impairment loss of ₹402.50 lakhs on its investment in Linea De Seguridad SLU due to substantial erosion of net worth.

Corporate Structure

  • Authorized share capital: ₹1,500.00 lakhs
  • Paid-up capital: ₹1,102.50 lakhs (11,025,000 equity shares)
  • Promoter holding: 54.88%
  • Subsidiaries: 7 direct, 2 step-down
  • Associates: 4 companies

Financial Position

  • Net debt: ₹10,028.22 lakhs (FY2024-25: ₹13,060.89 lakhs)
  • Debt-equity ratio: 0.25 (FY2024-25: 0.33)
  • Current ratio: 1.73 (FY2024-25: 1.62)
  • Total assets: ₹86,232.46 lakhs

Regulatory Compliance & Disclosures

  • Acuite Ratings: Long-term 'ACUITE A-' | Negative, Short-term 'ACUITE A2+'
  • Contingent liabilities: Corporate guarantees ₹3,305.90 lakhs, bank guarantees ₹1,478.34 lakhs, tax disputes ₹5,679.83 lakhs
  • CSR expenditure: ₹40.06 lakhs (exceeding obligation of ₹37.85 lakhs)
  • All related party transactions conducted at arm's length terms
  • Unqualified audit reports from statutory and secretarial auditors

Key Management

Chairman & Managing Director: Mr. Mukhtarul Amin

Joint Managing Director: Mr. Zafarul Amin

Deputy Managing Director: Mr. Mohd. Shadab

Company Secretary: Mr. R.K. Agrawal

Chief Financial Officer: Mr. Krishan Dutt Mishra

Board composition includes 10 directors (3 executive, 7 non-executive including 5 independent directors and 1 woman director).