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Rupa & Company Ltd

RUPA
NSE
151.82
0.88%
Last Updated:
30 Apr '26, 4:00 PM
Company Overview
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Rupa & Company Ltd

RUPA
NSE
151.82
0.88%
30 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
1,207Cr
Close
Close Price
151.82
Industry
Industry
Textiles - Hosiery/Knitwear
PE
Price To Earnings
18.07
PS
Price To Sales
0.98
Revenue
Revenue
1,233Cr
Rev Gr TTM
Revenue Growth TTM
0.72%
PAT Gr TTM
PAT Growth TTM
-13.09%
Peer Comparison
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RUPA
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
407195302319400210297316415184320314
Growth YoY
Revenue Growth YoY%
-10.9-9.05.835.0-1.67.6-1.6-0.73.8-12.67.8-0.9
Expenses
ExpensesCr
379184270286360192269278370172298288
Operating Profit
Operating ProfitCr
271132334018293846122226
OPM
OPM%
6.75.810.710.310.18.69.612.011.06.77.08.2
Other Income
Other IncomeCr
534415444465
Interest Expense
Interest ExpenseCr
555555565555
Depreciation
DepreciationCr
334444444444
PBT
PBTCr
2462828331424334282022
Tax
TaxCr
5277946911255
PAT
PATCr
1942121241018243161516
Growth YoY
PAT Growth YoY%
-61.7-66.121.7276.428.3147.9-10.214.526.2-47.2-21.4-31.7
NPM
NPM%
4.62.26.86.56.05.06.27.57.43.04.55.2
EPS
EPS
2.40.52.62.63.01.32.33.03.90.71.82.0

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
9731,0151,0931,1201,1559751,3131,4751,1431,2171,2391,233
Growth
Revenue Growth%
7.54.37.72.53.1-15.634.712.4-22.56.41.9-0.5
Expenses
ExpensesCr
8358839549651,0048611,0551,2071,0541,0991,1091,127
Operating Profit
Operating ProfitCr
13813213915515111425726889117130106
OPM
OPM%
14.213.012.713.913.111.719.618.27.89.610.58.6
Other Income
Other IncomeCr
54322771116131818
Interest Expense
Interest ExpenseCr
24191181919131823212119
Depreciation
DepreciationCr
151516161519141413151415
PBT
PBTCr
10410211513411984237247699511391
Tax
TaxCr
363642484522625516253024
PAT
PATCr
68667286746217519254708367
Growth
PAT Growth%
3.2-3.39.619.3-14.0-16.6183.19.5-72.029.919.4-19.7
NPM
NPM%
7.06.56.67.76.46.313.313.04.75.76.75.4
EPS
EPS
8.68.39.110.89.37.822.024.16.88.810.58.4

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
888888888888
Reserves
ReservesCr
3203594314915375707228749049501,0101,006
Current Liabilities
Current LiabilitiesCr
368295260385457393396652438455462467
Non Current Liabilities
Non Current LiabilitiesCr
471916151630414338333230
Total Liabilities
Total LiabilitiesCr
7426817168991,0171,0011,1661,5771,3881,4461,5121,511
Current Assets
Current AssetsCr
5714975327148217749211,3191,1101,1901,2091,248
Non Current Assets
Non Current AssetsCr
172185184186195226245258278256302263
Total Assets
Total AssetsCr
7426817168991,0171,0011,1661,5771,3881,4461,5121,511

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
551659815-2790211-11618515659
Investing Cash Flow
Investing Cash FlowCr
-20-27-19-17-20-15-137-34-24-79-10
Financing Cash Flow
Financing Cash FlowCr
-33-135-75-348-81-72151-158-68-43
Net Cash Flow
Net Cash FlowCr
124-51-621286
Free Cash Flow
Free Cash FlowCr
3313778-2-5176188-15315814651
CFO To PAT
CFO To PAT%
80.0250.1135.217.4-36.6146.0120.2-60.5344.0223.170.4
CFO To EBITDA
CFO To EBITDA%
39.6124.870.49.7-18.079.581.8-43.3207.8132.945.0

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
1,6942,1822,5972,9632,7349272,4473,4851,6231,8961,423
Price To Earnings
Price To Earnings
24.933.136.034.436.915.014.018.230.227.217.1
Price To Sales
Price To Sales
1.72.12.42.62.40.91.92.41.41.61.1
Price To Book
Price To Book
5.26.05.95.95.01.63.44.01.82.01.4
EV To EBITDA
EV To EBITDA
13.817.519.219.719.49.79.713.919.916.311.2
Profitability Ratios
Profitability Ratios
GPM
GPM%
52.552.254.553.757.159.053.457.047.049.353.5
OPM
OPM%
14.213.012.713.913.111.719.618.27.89.610.5
NPM
NPM%
7.06.56.67.76.46.313.313.04.75.76.7
ROCE
ROCE%
23.823.624.123.118.313.628.121.27.89.710.7
ROE
ROE%
20.817.916.417.313.610.724.021.85.97.38.2
ROA
ROA%
9.29.710.19.67.36.215.012.23.94.85.5
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Rupa & Company Limited, incorporated in 1985, is a leading Indian knitwear and apparel manufacturer, marketer, and distributor with a legacy spanning over five decades (the Rupa brand originated in 1968). The company operates across the entire knitted garment value chain and positions itself as the **#1 undisputed Indian knitwear brand**, with a strong presence in innerwear, thermal wear, casual wear, athleisure, and lifestyle apparel for men, women, and children. Rupa has evolved from a mass-market hosiery player into a **diversified, brand-led organization** offering products across economy, mid-premium, premium, and super-premium segments. It commands a robust pan-India distribution network and is aggressively expanding internationally, digitally, and through direct-to-consumer (D2C) channels. --- ### **Product Portfolio & Brands** Rupa manages a portfolio of over **18 sub-brands and more than 9,000 SKUs**, targeting diverse consumer segments and price points: - **Innerwear & Lifestyle Apparel:** Frontline, Jon, Euro, Bumchums, Kidline, Footline - **Premium Innerwear & Athleisure:** - *Macroman (men)* and *Macrowoman (women)* – positioned as premium lines with high-quality fabrics, designer collaborations, and contemporary styles. - Launched a **luxury "Gold Collection" under the M-signature brand** in collaboration with renowned fashion designer **Rohit Bal**, signaling a strategic shift toward high-margin, premium offerings. - **Thermal Wear:** Torrido (using proprietary **Thermocot** fabric – a cotton-polyester blend engineered for warmth, style, and comfort). The company aims to achieve **₹200 crores in thermal wear revenue within two years**. - **Women-Centric Premium Brand:** **Softline** – focused on leggings, lingerie, and outerwear with the brand mantra **“Effortless You”**. Offers over **250 colors** across sizes, emphasizing innovation, comfort, and fashion. - **International Licensing:** Exclusive rights in India for **FCUK** and **Fruit of the Loom (FOTL)** via its demerged subsidiary, **Oban Fashions**, targeting super-premium, fashion-conscious consumers. - **Casual & Youth Wear:** Bumchums (T-shirts, bermudas, tracks, muscle shirts), appealing to a young, casual lifestyle. --- ### **Manufacturing & Operational Strength** Rupa operates **integrated, state-of-the-art manufacturing facilities** across India: - **Locations:** Domjur (West Bengal), Tirupur (Tamil Nadu), Ghaziabad (NCR), Bengaluru (Karnataka) - **Daily Capacity:** - Over **700,000 finished garments** - 25 tons of fabric dyeing & bleaching - 3 tons of yarn dyeing - 1,000,000 pieces cut - 100,000 stitched garments - **Infrastructure:** ~850,000 sq. ft. of warehouse space, with four central warehouses. - **Technology Integration:** CNC/ CAD for design, **SAP S/4HANA** enterprise system, IoT-enabled processes, and **Datacolor/DATACOLOR** spectrophotometry for precise color matching (lab-tested samples in 24 hours). - **Quality Assurance:** ISO 9001:2015 certified with stringent quality checks; a **"Colorfast" guarantee** ensures durability through international-standard fastness testing. Sustainability is embedded in operations, with use of **natural, biodegradable fibers**, water/energy-efficient dyeing (Mathis Labomat equipment), and eco-conscious production practices. --- ### **Distribution & Retail Strategy** Rupa employs a **phygital (physical + digital)** distribution model to maximize reach: #### **Physical Presence:** - **Modern Trade:** Over **1,500 stores** with major retailers like Reliance, D-Mart, Metro, Walmart, and Pothys. - **Exclusive Brand Outlets (EBOs):** - Currently operates **35 EBOs branded as “Rupa – The Comfort Store”**, with plans to launch **over 100 new EBOs in FY26**. - Target: **150 EBOs across India within 2–3 years**, including high-footfall locations like airports and railway stations. - Expansion driven through a **franchise model** supported by SOPs, training, branding, CRM, and IT. - **Regional Focus:** Aggressively expanding in **Southern India (Tamil Nadu, Kerala)** and targeting high-potential states including **West Bengal, Maharashtra, Gujarat, UP, MP, Haryana, Punjab, and Andhra Pradesh**. #### **Distribution Network:** - Over **1,500 dealers** - Access to **150,000+ retail outlets** across 27 states and 3 UTs - Geographic clustering in logistics to optimize supply chain efficiency --- ### **E-Commerce & Digital Expansion** Rupa is aggressively building its **omnichannel and D2C capabilities**: - **E-Commerce Platforms:** Present on **Amazon, Flipkart, Myntra, Tata Cliq, JioMart, Ajio, Blinkit, Swiggy, and FirstCry**. - **Direct-to-Consumer (D2C):** - Own **Rupa Online Store (rupaonlinestore.com)** - Plans to launch **Rupa brand globally on Amazon.com (UAE marketplace)** - **Exclusive Online Brands:** Launched **CO BLUE by Rupa**, available only on Amazon. - **Tech-Driven Infrastructure:** Developing a **pure-play marketplace warehouse system** and deploying **Mobile Sales Force Automation & DMS** for improved order fulfillment and ROI-focused digital marketing. E-commerce currently contributes ~4–7% of revenue but is a high-growth strategic channel with **3x–4x growth targets over 3–4 years**. --- ### **Marketing & Branding** Rupa invests heavily in brand building, with marketing spend averaging **5–8% of revenue**: - **Celebrity Endorsements:** - Ranveer Singh (Frontline, Torrido) - Ranbir Kapoor & Khesari Lal Yadav (Jon) - Kartik Aaryan (Euro) - Yash (Macroman M-Series) - Wamiqa Gabbi (Softline) - **Strategic Campaigns:** Leveraged **Ram Mandir inauguration** and **IPL** for high-visibility marketing. - **Innovative Advertising:** Pioneered **news-anchor featuring vignettes** for the *Colors* brand, a first in India’s innerwear industry. The **Rupa brand has been granted "Well-Known Trademark" status**, affirming its market strength and legal protection. --- ### **Growth Strategy (2025 & Beyond)** Rupa is executing a multi-pronged growth roadmap: 1. **Domestic Expansion:** - 3x growth in 4 years across **13 high-potential states** - Build integrated marketing, retail, and distribution ecosystems regionally - Increase presence by **1,000+ new points of sale**, especially in regional LFRs and modern trade 2. **E-Commerce & Omnichannel:** - 4x e-commerce growth in 3 years - Launch on **Amazon.com (UAE)** and **FirstCry Middle East** - Develop e-commerce-specific SKUs and content-driven ROI campaigns 3. **Exports:** - Target **5x growth in international business over 3 years** - Key markets: **Middle East (UAE, KSA), Bangladesh, Africa, Russia** - Exports currently contribute ~2–6% of revenue; FY23 exports reached ₹41 crores (+25% YoY) - A **dedicated export unit** in Domjur, West Bengal, supports scaling 4. **Government Channels:** - Expanding presence via **CSD (Canteen Stores Department)** and **CPC (Civilian Product Catalogue)** with new product launches 5. **Segment Focus:** - High growth anticipated in **activewear (~13% CAGR since 2011), athleisure, and premium women’s wear** - Thermal wear and children’s innerwear seen as high-potential segments