Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹450Cr
Engineering - Light - General
Rev Gr TTM
Revenue Growth TTM
21.06%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

SINGERIND
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -8.1 | -4.5 | -8.7 | -15.6 | -1.0 | -5.7 | 0.9 | 3.0 | 7.2 | -6.7 | 30.4 | 52.5 |
| 115 | 106 | 105 | 102 | 111 | 99 | 105 | 105 | 118 | 96 | 134 | 153 |
Operating Profit Operating ProfitCr |
| -0.6 | -1.0 | -0.1 | 0.4 | 1.9 | 0.0 | 0.7 | 0.8 | 3.4 | -4.1 | 3.1 | 4.8 |
Other Income Other IncomeCr | 2 | 2 | 3 | 1 | 2 | 1 | 2 | 2 | 2 | 1 | 2 | 1 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 0 | 0 | 2 | 1 | 3 | 1 | 2 | 2 | 6 | -3 | 5 | 7 |
| 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 2 | -1 | 1 | 2 |
|
Growth YoY PAT Growth YoY% | -89.5 | -83.3 | -81.7 | 56.9 | 832.0 | 250.0 | 5.0 | 88.8 | 73.8 | -521.4 | 201.6 | 256.9 |
| 0.2 | 0.1 | 1.1 | 0.8 | 2.0 | 0.6 | 1.2 | 1.4 | 3.3 | -2.6 | 2.8 | 3.4 |
| 0.0 | 0.0 | 0.2 | 0.1 | 0.4 | 0.1 | 0.2 | 0.2 | 0.7 | -0.4 | 0.6 | 0.9 |
| Financial Year | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | | 53.9 | 14.4 | 14.6 | -6.6 | -8.1 | 9.3 | 1.6 | -7.6 | 1.5 | 18.8 |
| 277 | 232 | 358 | 408 | 468 | 436 | 396 | 443 | 458 | 424 | 426 | 500 |
Operating Profit Operating ProfitCr |
| 3.0 | 3.3 | 2.9 | 3.1 | 3.1 | 3.3 | 4.4 | 2.2 | 0.4 | 0.3 | 1.3 | 2.4 |
Other Income Other IncomeCr | 2 | 2 | 2 | 1 | 2 | 4 | 3 | 3 | 12 | 8 | 7 | 6 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 1 | 1 | 0 | 0 | 0 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 4 | 3 | 2 | 2 | 3 | 2 | 3 |
| 10 | 9 | 11 | 13 | 15 | 12 | 16 | 10 | 11 | 6 | 10 | 15 |
| 3 | 3 | 4 | 4 | 5 | 4 | 5 | 2 | 3 | 2 | 3 | 4 |
|
| | | 27.4 | 17.5 | 3.3 | -12.3 | 30.7 | -27.8 | 8.4 | -45.9 | 64.4 | 47.6 |
| 2.3 | 2.5 | 2.1 | 2.1 | 1.9 | 1.8 | 2.6 | 1.7 | 1.8 | 1.1 | 1.7 | 2.1 |
| 1.2 | 1.1 | 1.4 | 1.7 | 1.7 | 1.5 | 2.0 | 1.4 | 1.5 | 0.7 | 1.2 | 1.8 |
| Financial Year | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 |
| 35 | 37 | 42 | 46 | 48 | 54 | 61 | 66 | 124 | 133 | 147 | 149 |
Current Liabilities Current LiabilitiesCr | 48 | 53 | 64 | 88 | 108 | 101 | 96 | 93 | 83 | 100 | 80 | 87 |
Non Current Liabilities Non Current LiabilitiesCr | 2 | 2 | 1 | 2 | 2 | 2 | 2 | 3 | 2 | 1 | 2 | 1 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 71 | 80 | 97 | 128 | 149 | 151 | 156 | 161 | 209 | 235 | 225 | 232 |
Non Current Assets Non Current AssetsCr | 24 | 24 | 21 | 20 | 20 | 16 | 14 | 12 | 12 | 10 | 15 | 18 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 0 | 17 | 29 | 14 | -1 | 1 | -25 |
Investing Cash Flow Investing Cash FlowCr | -2 | -2 | -4 | 7 | -47 | 19 | 6 |
Financing Cash Flow Financing Cash FlowCr | -9 | -6 | -6 | -4 | 49 | -2 | 1 |
|
Free Cash Flow Free Cash FlowCr | 0 | 16 | 30 | 13 | 8 | 2 | -31 |
| 5.0 | 215.3 | 269.7 | 178.0 | -6.8 | 30.9 | -336.9 |
CFO To EBITDA CFO To EBITDA% | 3.1 | 117.6 | 158.6 | 137.8 | -30.2 | 95.9 | -438.4 |
| Financial Year | Jun 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 153 | 190 | 215 | 268 | 269 | 93 | 201 | 307 | 405 | 540 | 308 |
Price To Earnings Price To Earnings | 26.1 | 26.2 | 28.2 | 29.9 | 29.1 | 11.4 | 18.9 | 40.0 | 48.7 | 119.2 | 41.6 |
Price To Sales Price To Sales | 0.5 | 0.8 | 0.6 | 0.6 | 0.6 | 0.2 | 0.5 | 0.7 | 0.9 | 1.3 | 0.7 |
Price To Book Price To Book | 4.2 | 4.8 | 4.1 | 4.7 | 4.6 | 1.4 | 2.8 | 4.0 | 3.0 | 3.7 | 1.9 |
| 16.7 | 22.6 | 20.2 | 21.3 | 19.0 | 7.1 | 10.4 | 28.9 | 174.0 | 314.0 | 43.5 |
Profitability Ratios Profitability Ratios |
| 20.7 | 23.4 | 22.6 | 22.8 | 23.6 | 23.7 | 23.6 | 22.3 | 22.1 | 25.0 | 28.5 |
| 3.0 | 3.3 | 2.9 | 3.1 | 3.1 | 3.3 | 4.4 | 2.2 | 0.4 | 0.3 | 1.3 |
| 2.3 | 2.5 | 2.1 | 2.1 | 1.9 | 1.8 | 2.6 | 1.7 | 1.8 | 1.1 | 1.7 |
| 21.3 | 18.5 | 20.3 | 18.6 | 19.4 | 17.4 | 23.9 | 13.1 | 8.4 | 4.4 | 6.5 |
| 14.1 | 12.4 | 14.4 | 15.7 | 15.7 | 12.6 | 14.7 | 9.9 | 6.1 | 3.1 | 4.7 |
| 6.7 | 5.8 | 6.5 | 6.1 | 5.5 | 4.8 | 6.3 | 4.4 | 3.8 | 1.8 | 3.1 |
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.