Login
Products
Login
Home
Alerts
Search
Watchlist
Products

Singer India Ltd

SINGERIND
BSE
72.37
0.96%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
Alert
Watchlist
Note

Singer India Ltd

SINGERIND
BSE
72.37
0.96%
29 Apr '26, 4:00 PM
Company Overview
Add Alert
Add to Watchlist
Edit Note
6M
Price
Charts
Documents

Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
450Cr
Close
Close Price
72.37
Industry
Industry
Engineering - Light - General
PE
Price To Earnings
40.89
PS
Price To Sales
0.88
Revenue
Revenue
513Cr
Rev Gr TTM
Revenue Growth TTM
21.06%
PAT Gr TTM
PAT Growth TTM
92.42%
Peer Comparison
How does SINGERIND stack up?
Compare up to 10 companies side by side across valuation, profitability, and growth.
SINGERIND
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
1151051051021139910610612292138161
Growth YoY
Revenue Growth YoY%
-8.1-4.5-8.7-15.6-1.0-5.70.93.07.2-6.730.452.5
Expenses
ExpensesCr
1151061051021119910510511896134153
Operating Profit
Operating ProfitCr
-1-10020114-448
OPM
OPM%
-0.6-1.0-0.10.41.90.00.70.83.4-4.13.14.8
Other Income
Other IncomeCr
223121222121
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
011111111111
PBT
PBTCr
002131226-357
Tax
TaxCr
000010002-112
PAT
PATCr
001121124-245
Growth YoY
PAT Growth YoY%
-89.5-83.3-81.756.9832.0250.05.088.873.8-521.4201.6256.9
NPM
NPM%
0.20.11.10.82.00.61.21.43.3-2.62.83.4
EPS
EPS
0.00.00.20.10.40.10.20.20.7-0.40.60.9

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearJun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
285239369422483451415453460425432513
Growth
Revenue Growth%
53.914.414.6-6.6-8.19.31.6-7.61.518.8
Expenses
ExpensesCr
277232358408468436396443458424426500
Operating Profit
Operating ProfitCr
8811131515181021612
OPM
OPM%
3.03.32.93.13.13.34.42.20.40.31.32.4
Other Income
Other IncomeCr
2221243312876
Interest Expense
Interest ExpenseCr
000112211000
Depreciation
DepreciationCr
111114322323
PBT
PBTCr
1091113151216101161015
Tax
TaxCr
334454523234
PAT
PATCr
66899811885711
Growth
PAT Growth%
27.417.53.3-12.330.7-27.88.4-45.964.447.6
NPM
NPM%
2.32.52.12.11.91.82.61.71.81.11.72.1
EPS
EPS
1.21.11.41.71.71.52.01.41.50.71.21.8

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearJun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
111111111111111112121212
Reserves
ReservesCr
3537424648546166124133147149
Current Liabilities
Current LiabilitiesCr
485364881081019693831008087
Non Current Liabilities
Non Current LiabilitiesCr
221222232121
Total Liabilities
Total LiabilitiesCr
95104118147168168170173221246241250
Current Assets
Current AssetsCr
718097128149151156161209235225232
Non Current Assets
Non Current AssetsCr
242421202016141212101518
Total Assets
Total AssetsCr
95104118147168168170173221246241250

Cash Flow

Consolidated
Standalone
Financial YearMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
0172914-11-25
Investing Cash Flow
Investing Cash FlowCr
-2-2-47-47196
Financing Cash Flow
Financing Cash FlowCr
-9-6-6-449-21
Net Cash Flow
Net Cash FlowCr
-1091816219-18
Free Cash Flow
Free Cash FlowCr
016301382-31
CFO To PAT
CFO To PAT%
5.0215.3269.7178.0-6.830.9-336.9
CFO To EBITDA
CFO To EBITDA%
3.1117.6158.6137.8-30.295.9-438.4

Ratios

Consolidated
Standalone
Financial YearJun 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
15319021526826993201307405540308
Price To Earnings
Price To Earnings
26.126.228.229.929.111.418.940.048.7119.241.6
Price To Sales
Price To Sales
0.50.80.60.60.60.20.50.70.91.30.7
Price To Book
Price To Book
4.24.84.14.74.61.42.84.03.03.71.9
EV To EBITDA
EV To EBITDA
16.722.620.221.319.07.110.428.9174.0314.043.5
Profitability Ratios
Profitability Ratios
GPM
GPM%
20.723.422.622.823.623.723.622.322.125.028.5
OPM
OPM%
3.03.32.93.13.13.34.42.20.40.31.3
NPM
NPM%
2.32.52.12.11.91.82.61.71.81.11.7
ROCE
ROCE%
21.318.520.318.619.417.423.913.18.44.46.5
ROE
ROE%
14.112.414.415.715.712.614.79.96.13.14.7
ROA
ROA%
6.75.86.56.15.54.86.34.43.81.83.1
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Singer India Limited, a subsidiary of SVP Worldwide (USA), is a leading player in India’s consumer durables market with over **155 years of presence** in the country since its entry in 1870. Incorporated locally in 1993, the company operates under globally recognized brands including **SINGER®, HUSQVARNA VIKING®, PFAFF®**, and **Merritt**, combining heritage with modern innovation. It maintains a strong footprint across **sewing products** and **home appliances**, targeting both functional needs and lifestyle aspirations of Indian households. --- ### **Business Segments** Singer India operates in two core business segments: 1. **Sewing Products (Singer & Merritt Brands)** - Portfolio includes household sewing machines (straight stitch, zigzag), embroidery machines (single- and multi-needle), and industrial sewing machines. - Offers advanced technology-driven models such as: - **SE9185**: Wi-Fi-enabled, 3-in-1 embroidery, sewing & quilting machine with 7-inch touchscreen, mySewnet® cloud integration, and 150 built-in designs. - **M3330**: Globally acclaimed home sewing machine and top Amazon seller. - **DSBB/SLBB Series**: Industry-first double sealed ball bearing and self-lubricating brass bush machines for enhanced durability and low maintenance. - Also markets premium international brands **Husqvarna Viking** and **PFAFF**, targeting serious hobbyists and professional users. 2. **Home Appliances (Singer & Merritt Brands)** - Includes small and large consumer durables across six core categories: **fans, juicer-grinder-mixers (JMG), cooktops, water heaters, air coolers, and washing machines**. - Recent innovations include the **CloudX Fan** – India’s first bladeless, hygienic “nano cloud-infused” cooling fan with modern design and portability. - Focus on **premiumisation, differentiation, and eco-friendly solutions** (e.g., BLDC motors) to stand out in a competitive market. --- ### **Market Position & Financial Highlights** - **Revenue Mix (H1 FY24–25)**: Sewing Machines – 76%, Home Appliances – 24%. - Sewing machines continue to be the **dominant revenue driver**, contributing ~68–70% of total sales. - **E-commerce Growth**: Q2 FY25 saw over **40% growth in e-commerce sales**, driven by strong demand for DSBB straight machines, ZigZag models, and exclusive online SKUs. - **Q2 Performance (Nov 2025)**: - Industrial Sewing Machine segment grew by **14% YoY** despite tariff pressures. - Overall Sewing Machines revenue up **45% YoY**, fueled by broad demand and new product acceptance. - Fiscal Year 2023–24 revenue stood at **₹460.3 crore**, with 77% YoY growth in industrial sewing machines and 15% in zigzag machines. --- ### **Manufacturing & Operations** - Operates a **manufacturing facility in Jammu**. - In July 2025, secured a **license amendment from SVP Worldwide** to **locally manufacture or outsource ZigZag machines** in India under Singer or Meritt brands — previously imported. - **Strategic shift toward 'Make in India'** to improve supply continuity, reduce costs, enable export via SVP’s global network, and create local employment. - Exploring the development of a **new advanced manufacturing facility** in India to serve growing domestic and B2B demand. --- ### **Distribution & Service Network** - **Extensive Reach**: - **>10,000 retail outlets** across India. - Supported by **>6,300 dealers/distributors** (up from 1,800+ earlier cited) and 21+ exclusive brand stores. - Available on all major e-commerce platforms (Amazon, Flipkart) and direct-to-consumer channels. - **Pan-India Service Infrastructure**: - **440+ service centers** covering over **12,000 pin codes**. - Segment-wise support: 230+ home appliance providers, 210+ sewing machine service partners, including **80 dedicated walk-in sewing & embroidery centers**. - **Digital Service Innovation**: - **SINGER Live Assist**: Real-time video support for setup, troubleshooting, and demonstrations — handling ~25% of service calls. - Complimentary **in-home demonstrations** for ZigZag machine buyers. - Virtual training academy, WhatsApp support, instructional videos to educate customers. --- ### **Growth Drivers & Strategic Initiatives** #### 1. **New Product Innovation** - Launched **"link model" domestic straight-stitch machine** with high-speed mechanism for improved durability. - Introduced **colored variants** (e.g., black DSBB) and **exclusive e-com SKUs**. - Expansion into **multi-needle embroidery** and **high-speed industrial machines**. #### 2. **Government & CSR Alignment** - Active participation in **Pradhan Mantri Kaushal Vikas Yojana (PMKVY)** and **Prime Minister’s Yantra (PMY) Scheme**, supplying straight-stitch machines and accessories. - Focus on **women’s empowerment and rural livelihood programs** using sewing machines as tools for entrepreneurship. #### 3. **Skill Development** - Partners with **650+ affiliated skill centers** across India. - Trained over **35,000 students cumulatively**, with more than 6,000 trained in FY24–25 alone. - **Singer Sewing Studio** offers live interactive courses in Hindi and English, issuing recognized certifications. #### 4. **Brand Repositioning & Experience Retail** - Transitioning from **value-focused to premium, tech-enabled brand** identity. - Opened **Singer Experience Centres** in **New Delhi (Nehru Place)** and **Mumbai**, featuring: - Live demonstrations. - Immersive product interaction. - Workshops and influencer collaborations. - Plans to replicate this model across **15 existing stores and 5 new ones** in upcoming quarters. - “Rich history wall” and digital storytelling used to engage younger, aspirational consumers. #### 5. **Digital & Omnichannel Strategy** - Aggressive expansion in e-commerce with SKU count increasing from 5 to 20. - Leverages **influencer marketing**, DIY campaigns, and YouTube content (52,000+ subscribers) to promote sewing as creative self-expression. - Utilizes data-driven dealer engagements with over **1,200 partner interactions** across 15+ states annually. --- ### **Industrial Sewing Machine Segment – Key Focus Area** - Identified as a **major future growth engine** despite being under-penetrated currently. - Currently not manufacturing industrial machines in-house but holds **regulatory approval**. - Lacks full in-house technical expertise but has access to **VSM Group’s technology** through SVP Worldwide. - Exploring **joint ventures or strategic partnerships** to build capability. - **Strategic enabler**: Launch of ZigZag machines locally is seen as a stepping stone toward full-scale industrial manufacturing. - Strong **brand trust and rising acceptance** among small tailors, boutiques, and micro-enterprises. --- ### **Sustainability & Social Impact** - Promotes **eco-conscious consumption** via BLDC fans and campaigns encouraging garment reuse. - Supports **sustainable fashion and DIY trends**, aligning with anti-fast-fashion movements. - Enhances employability and financial independence through **vocational training programs** in tier 2–4 cities. --- ### **Challenges & Resilience** - Faced regulatory hurdles in FY23–24 (BIS license suspension for ZigZag machines and CSD outlet restrictions), but successfully resolved with corrective actions and reinstated sales. - Managing **global supply chain volatility, raw material cost fluctuations, and U.S. tariff impacts** on garment exports (affecting industrial machine demand). - Overcoming consumer perception of being a legacy/functional brand through product innovation and experience-led marketing.