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Last Updated: April 2, 2026, 3:38 am
Author: Getaka|Social: XLinkedIn

SEL Manufacturing Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹940.52Undervalued by 3,235.18%vs CMP ₹28.20

P/E (15.0) × ROE (452.0%) × BV (₹17.00) × DY (2.00%)

Defaults: P/E=15

₹325.43Undervalued by 1,054.01%vs CMP ₹28.20
MoS: +91.3% (Strong)Confidence: 50/100 (Moderate)Models: All 2: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹446.4469%Under (+1483.1%)
Revenue MultipleRevenue₹56.5231%Under (+100.4%)
Consensus (2 models)₹325.43100%Undervalued
Key Drivers: EPS CAGR -52.5% drags value — could be higher if earnings stabilize.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -52.5% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

57
SEL Manufacturing Company Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 15.1% GoodROE 452.0% ExcellentD/E -0.98 Low debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money40/100 · Moderate
FII holding stable No changeDII holding down 1.24% MF sellingPromoter holding at 75.0% Stable
Earnings Quality75/100 · Strong
OPM expanding (-38% → -14%) ImprovingWorking capital: -260 days (improving) Efficient
Quarterly Momentum25/100 · Weak
Revenue (4Q): -33% YoY DecliningOPM: -14.0% (down 4.0% YoY) Margin pressure
Industry Rank85/100 · Strong
ROCE 15.1% vs industry 10.8% Above peersROE 452.0% vs industry 29.5% Above peers3Y sales CAGR: 26% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:38 am

Market Cap 93.3 Cr.
Current Price 28.2
Intrinsic Value₹325.43
High / Low 48.8/25.6
Stock P/E
Book Value 17.0
Dividend Yield0.00 %
ROCE15.1 %
ROE452 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for SEL Manufacturing Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
IGC Industries Ltd 6.74 Cr. 1.94 6.55/1.73 12.30.00 %0.19 %0.28 % 10.0
Hindoostan Mills Ltd 24.4 Cr. 147 201/13561.0 2190.00 %28.4 %29.8 % 10.0
Gokak Textiles Ltd 40.3 Cr. 62.0 113/52.6 1150.00 %0.85 %% 10.0
Globus Power Generation Ltd 127 Cr. 12.8 18.4/11.0 0.810.00 %7.29 %7.29 % 10.0
GHCL Textiles Ltd 673 Cr. 70.4 99.0/65.011.8 1530.71 %4.53 %3.96 % 2.00
Industry Average1,369.00 Cr94.1150.9181.700.16%10.78%29.54%8.11

All Competitor Stocks of SEL Manufacturing Company Ltd

Quarterly Result

MetricMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales 328010711711611866143228238961228
Expenses 12087113114112138821542522621171832
Operating Profit -89-7-633-20-17-11-23-24-21-6-4
OPM % -280%-9%-5%3%3%-17%-26%-8%-10%-10%-22%-52%-14%
Other Income 2,71112167242-21-2171
Interest 177781110111215151515
Depreciation -1282626252725252524242423
Profit before tax 2,622-42-37-28-24-51-28-45-62-62-62-28-42
Tax % 0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit 2,622-42-37-28-24-51-28-45-62-62-62-28-42
EPS in Rs 791.38-12.54-11.24-8.54-7.30-15.35-8.40-13.64-18.72-18.68-18.58-8.43-12.53

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales 3,7743,6282,8602,4622,0811,261603347189420554374
Expenses 3,2533,2682,5322,1942,7411,550665423331426626429
Operating Profit 521360328268-660-289-62-76-142-6-71-55
OPM % 14%10%11%11%-32%-23%-10%-22%-75%-1%-13%-15%
Other Income 199-12515413299-1,565-157-3632,758103017
Interest 34643234249614711732304360
Depreciation 16326736737415814914614510710610295
Profit before tax 210-464-227-471-865-2,013-372-5872,507-131-186-193
Tax % 35%-37%-34%-21%-34%26%0%0%0%0%0%0%
Net Profit 137-294-149-370-573-2,528-372-5872,507-131-186-193
EPS in Rs 4.16-8.88-4.51-11.17-17.28-76.28-11.24-17.73756.69-39.64-56.11-58.23
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-314.60%49.32%-148.32%-54.86%-341.19%85.28%-57.80%527.09%-105.23%-41.98%-3.76%
Change in YoY Net Profit Growth (%)0.00%363.92%-197.64%93.46%-286.32%426.47%-143.08%584.88%-632.31%63.24%38.22%

SEL Manufacturing Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:-20%
5 Years:-9%
3 Years:25%
TTM:-32%
Compounded Profit Growth
10 Years:%
5 Years:-18%
3 Years:5%
TTM:1%
Stock Price CAGR
10 Years:25%
5 Years:86%
3 Years:-66%
1 Year:-49%
Return on Equity
10 Years:%
5 Years:%
3 Years:-94%
Last Year:-452%

Last Updated: September 5, 2025, 1:26 pm

Balance Sheet

Last Updated: December 14, 2024, 2:48 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital 33133133133133133133133133333333
Reserves 1,157871691315-212-2,718-3,094-3,692383231115-90
Borrowings 4,2554,7935,5725,8285,6585,6895,6665,6469591,017932940
Other Liabilities 388592463575628432427482117105144172
Total Liabilities 6,1326,5877,0577,0496,4053,7343,3302,7681,4921,3851,2251,055
Fixed Assets 3,0913,0662,9252,5732,4872,3092,1552,0101,2811,1741,073977
CWIP 23248157459555355955943242424242
Investments 71974342424243422111
Other Assets 2,7382,9443,5153,8393,32382357328416716810934
Total Assets 6,1326,5877,0577,0496,4053,7343,3302,7681,4921,3851,2251,055

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity + 206706-492240517385534600-1,226354437
Cash from Investing Activity + -970-629-63-19-1262-9699431615
Cash from Financing Activity + 810-192633-264-547-456-523-609237-43-60-52
Net Cash Flow 46-11477-44-41-81-34-400
Free Cash Flow -993200-814189487399545602-216355941
CFO/OP 41%198%-149%90%-78%-156%-859%-787%865%-590%-62%-67%

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow517.00356.00323.00263.00-665.00-294.00-67.00-81.00-1,101.00-7.00-1,003.00-995.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days 711091341702026136781214941
Inventory Days 157127275385174401521937381454419
Days Payable 734515132402515514209770106
Cash Conversion Cycle 22220235850434362-64-28043997-22-86
Working Capital Days 15-7211085-96-768-2,040-4,4963615-60-260
ROCE %11%4%2%1%-12%-8%-4%-5%-13%-8%-14%-15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters 75.16%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs 0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%0.13%
DIIs 23.53%23.18%21.73%21.32%19.55%19.21%18.36%13.91%12.78%11.80%11.72%11.54%
Public 1.19%1.69%3.15%3.55%5.31%5.66%6.51%10.97%12.09%13.07%13.15%13.32%
No. of Shareholders 19,60719,82622,69122,50923,53223,04423,07224,69125,19825,32025,24625,023

Shareholding Pattern Chart

No. of Shareholders

SEL Manufacturing Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -58.23-56.11-39.6279.18-17.73
Diluted EPS (Rs.) -58.23-56.11-39.6279.18-17.73
Cash EPS (Rs.) -29.51-25.45-7.73789.00-13.35
Book Value[Excl.RevalReserv]/Share (Rs.) -17.0244.7979.60125.61-101.41
Book Value[Incl.RevalReserv]/Share (Rs.) -17.0244.7979.60125.61-101.41
Revenue From Operations / Share (Rs.) 112.96167.31126.8057.4610.64
PBDIT / Share (Rs.) -14.98-15.510.20-42.080.68
PBIT / Share (Rs.) -43.70-46.17-31.68-74.44-3.69
PBT / Share (Rs.) -61.69-56.11-39.62756.64-17.73
Net Profit / Share (Rs.) -58.23-56.11-39.62756.64-17.73
NP After MI And SOA / Share (Rs.) -58.23-56.11-39.62756.69-17.73
PBDIT Margin (%) -13.26-9.260.16-73.236.46
PBIT Margin (%) -38.68-27.59-24.98-129.56-34.67
PBT Margin (%) -54.61-33.53-31.241316.85-166.57
Net Profit Margin (%) -51.55-33.53-31.241316.85-166.57
NP After MI And SOA Margin (%) -51.55-33.53-31.241316.95-166.57
Return on Networth / Equity (%) 0.00-125.16-49.75602.230.00
Return on Capital Employeed (%) -18.98-14.58-8.35-17.927.01
Return On Assets (%) -18.28-15.17-9.47168.00-21.21
Long Term Debt / Equity (X) -14.526.033.762.30-0.46
Total Debt / Equity (X) -16.676.273.852.30-0.98
Asset Turnover Ratio (%) 0.320.420.290.080.11
Current Ratio (X) 0.090.501.141.270.05
Quick Ratio (X) 0.040.200.851.080.04
Inventory Turnover Ratio (X) 8.5610.554.220.671.26
Interest Coverage Ratio (X) -0.83-1.190.02-78.848.67
Interest Coverage Ratio (Post Tax) (X) -2.43-3.54-3.55-139.47-46.47
Enterprise Value (Cr.) 1166.361452.952493.25948.923380.83
EV / Net Operating Revenue (X) 3.122.625.934.989.59
EV / EBITDA (X) -23.49-28.283656.33-6.81148.26
MarketCap / Net Operating Revenue (X) 0.610.943.530.010.03
Price / BV (X) -4.083.535.630.010.00
Price / Net Operating Revenue (X) 0.610.943.530.010.03
EarningsYield -0.83-0.35-0.08663.76-43.23

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

SEL Manufacturing Company Ltd. is a Public Limited Listed company incorporated on 08/05/2000 and has its registered office in the State of Punjab, India. Company's Corporate Identification Number(CIN) is L51909PB2000PLC023679 and registration number is 023679. Currently company belongs to the Industry of Textiles - General. Company's Total Operating Revenue is Rs. 32.87 Cr. and Equity Capital is Rs. 33.13 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - General274, Dhandari Khurd, G. T. Road, Ludhiana Punjab 141014Contact not found
Management
NamePosition Held
Ms. Meghna Mahendra SavlaChairperson & Independent Director
Mr. Rajeev BhallaManaging Director & CEO
Mr. Naveen AroraWhole Time Director
Mr. ShashankraiDirector
Ms. Menka Rajdev YadavIndependent Director
Mr. Dharminder PalAdditional Director

FAQ

What is the intrinsic value of SEL Manufacturing Company Ltd and is it undervalued?

As of 14 April 2026, SEL Manufacturing Company Ltd's intrinsic value is ₹325.43, which is 1054.01% higher than the current market price of ₹28.20, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (452 %), book value (₹17.0), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of SEL Manufacturing Company Ltd?

SEL Manufacturing Company Ltd is trading at ₹28.20 as of 14 April 2026, with a FY2026-2027 high of ₹48.8 and low of ₹25.6. The stock is currently near its 52-week low. Market cap stands at ₹93.3 Cr..

How does SEL Manufacturing Company Ltd's P/E ratio compare to its industry?

SEL Manufacturing Company Ltd has a P/E ratio of , which is below the industry average of 50.91. This is broadly in line with or below the industry average.

Is SEL Manufacturing Company Ltd financially healthy?

Key indicators for SEL Manufacturing Company Ltd: ROCE of 15.1 % indicates efficient capital utilization; ROE of 452 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is SEL Manufacturing Company Ltd profitable and how is the profit trend?

SEL Manufacturing Company Ltd reported a net profit of ₹-193 Cr in Mar 2024 on revenue of ₹374 Cr. Compared to ₹2,507 Cr in Mar 2021, the net profit shows a declining trend.

Does SEL Manufacturing Company Ltd pay dividends?

SEL Manufacturing Company Ltd has a dividend yield of 0.00 % at the current price of ₹28.20. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in SEL Manufacturing Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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