Key Metrics of Sanathan Textiles Limited
About Sanathan Textiles Limited
Sectors
Company details
- Registered office
- Srv No. 187/4/1/2, Near Surangi Bridge, Surangi Dadra, And Nagar Haveli, Silvassa, In-dh, 396230
- Listed
- NSE: SANATHAN · ₹496.25
Operational Areas of Sanathan Textiles Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
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Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 17 Aug 2026 | ICRA | Reaffirmed | A | A2+ | Positive | ₹910 Cr | View |
| 24 Mar 2026 | ICRA | Withdrawn | A | A2+ | Positive | ₹910 Cr | View |
| 13 Feb 2023 | CARE | Withdrawn | BB+ | A4+ | Stable | — | View |
| 30 Aug 2022 | CARE | Non-cooperating (from BBB) | BB+ | A4+ | Stable | ₹1,164 Cr | View |
| 02 Mar 2022 | CARE | Non-cooperating | BBB | A3+ | Stable | ₹1,164 Cr | View |
| 05 Jan 2021 | CARE | Reaffirmed | BBB | A3+ | Stable | ₹1,164 Cr | View |
| 06 Feb 2020 | CARE | Reaffirmed | BBB | A3+ | Stable | ₹582 Cr | View |
| 11 Feb 2019 | CARE | Reaffirmed | BBB | A3+ | Stable | ₹582 Cr | View |
Credit strengths (ICRA, Aug 2026)
+ Diversified product portfolio with established distribution network and wide customer base
The company offers various polyester yarn products such as partially oriented yarn (POY), drawn textured yarn (DTY), fully drawn yarn (FDY) and twisted yarn, among others.
+ Extensive experience of the promoters in textiles industry
Mr. Paresh Kumar Dattani, the Chairman and Managing Director of STL, has over four decades of experience in the textile industry.
+ Location-specific advantages owing to proximity to raw material sources and consumption centres
The manufacturing facility of STL is located at Silvassa, western Gujarat.
Credit challenges
− Exposure to cyclicality inherent in the textile industry and volatility in raw material prices and realisations
The ratings remain constrained by the susceptibility of the Group’s profit margins to the cyclicality in demand in the textile sector, and to the volatility in crude oil-linked raw material prices and realisations.
− Increased debt service obligation due to sizeable debt-funded capex in the recent past
Increased borrowings due to the sizeable debt-funded capex incurred towards set-up of the Punjab plant has caused a significant increase in the debt service obligation of the Group.
Could lead to an upgrade
The ratings could be upgraded if the Group’s revenues and earnings improve on a sustained basis, aided by successful ramp-up of utilisation of increasing capacities , strengthening the debt coverage metrics and
Could lead to a downgrade
Any prolonged slowdown in demand or pricing pressure or a disproportionate increase in raw material prices, leading to weakening of profitability, could trigger a rating downgrade. Significant time or cost overrun of the plan ned capex programme, exerting p ressure on the company’s
Agency-reported financials (ICRA, 17 Aug 2026)
| Metric | FY2025 | FY2026 | Q1 FY2027 |
|---|---|---|---|
| Operating income | ₹3,000 Cr | ₹3,814 Cr | ₹1,335 Cr |
| PAT | ₹161 Cr | ₹77.40 Cr | ₹23.80 Cr |
| OPBDIT/OI * | 9.0% | 7.8% | 8.1% |
| PAT/OI | 5.3% | 2.0% | 1.8% |
| Total outside liabilities/Tangible net worth (times) | 1.00× | 1.50× | — |
| Total debt/OPBDIT (times) | 4.00× | 5.10× | — |
| Interest coverage (times) | 10.90× | 2.80× | 2.80× |
| Revenue growth (YoY) | — | 27.1% | — |
| EBITDA (margin × income) | ₹270 Cr | ₹297 Cr | ₹108 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹1,080 Cr | ₹1,517 Cr | — |
| Implied interest cost (EBITDA ÷ coverage) | ₹24.77 Cr | ₹106 Cr | ₹38.61 Cr |
Borrowings & rated debt
Rated limits over time
Facility mix
Maturity ladder
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| continues to remain under Long Term Bank ) Short Term Bank | Working capital & bank lines | — | ₹497 Cr | — | BB+ (Stable) | Non-cooperating | CARE |
| Facilities | Other | — | ₹85.0 Cr | — | A4+ | Revised | CARE |
| Facilities | Other | — | ₹582 Cr | — | — | Revised | CARE |
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | Term Loans FY FY | Term loans | — | 31 Mar 2020 | 31 Mar 2031 | ₹35.0 Cr | A | Outstanding |
| — | Term loans FY FY | Term loans | — | 31 Mar 2024 | 31 Mar 2033 | ₹35.0 Cr | A | Outstanding |
CARE ratings on record (checked 22 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| Bank Guarantee | — | Withdrawn |
| BG/LC | — | Withdrawn |
| Cash Credit | — | Withdrawn |
| Term Loan | — | Withdrawn |
Credit assessment · Cotton textile
Rating Methodology – Cotton Textile (Sep 2026) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Withdrawal | ICRA · 24 Mar 2026 · Withdrawn at company request with lender NOCs |
| Next action stable or better (model) | 78% |
| Information on file | 67% · missing: Annual results history (3+ years), Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 80% chance the next rating action is stable or better
- Current rating A (investment grade)
- Interest coverage 2.8×
Rated limits by facility
Timeline
From the report
Liquidity position: Adequate The liquidity position of the group remains Adequate, with free cash and liquid investments of Rs.124 crore as on March 31, 2026, and average unutilised fund -based limits of around Rs. 100 crore during the last 12 months ended on April 30, 2026.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Sanathan Textiles Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
 Grasim Industries |
Textiles, Cotton & Yarn · Apparel, Textiles & Footwear | grasim.com | 1948 | Ujjain, India |
| Textiles, Cotton & Yarn · Apparel, Textiles & Footwear | arvind.com | — | Ahmedabad, India | |
| Textiles, Cotton & Yarn · Apparel, Textiles & Footwear | welspunliving.com | — | Anjar, India | |
| Formal & Premium Menswear · Apparel, Textiles & Footwear | raymond.in | — | Ratnagiri, India | |
 Alok Industries |
Discovered Companies · Other Industries | alokind.com | 1986 | Silvassa, India |
 Trident |
Part of Mondelez International. | tridentindia.com | — | India |
| Raymond Lifestyle Limited | Discovered Companies · Other Industries | — | — | Aurangabad, Maharashtra, India |
 KPR Mill |
Textiles, Cotton & Yarn · Apparel, Textiles & Footwear | kprmilllimited.com | — | India |
 Page Industries |
Textiles, Cotton & Yarn · Apparel, Textiles & Footwear | pageind.com | 1995 | Bengaluru, India |
| Textiles, Cotton & Yarn · Apparel, Textiles & Footwear | indocount.com | — | Kolhapur, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.