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SBC Exports Limited (SBC) Fair Value & Analysis

Industrials · IN · Market cap ₹19.1B (≈ $202M) · ISIN INE04AK01028

What is SBC Exports Limited really worth?

SE SBC Exports Limited SBC · BSE
Price₹45.92
Fair Value₹11.15
Upside−75.7%
Quality35/100

Below-average quality, and trading another 312% above our fair value of ₹11.15.

As of Aug 23, 2026, the fair value of SBC Exports Limited is ₹11.15 per share against a price of ₹45.92, so the fair value sits 76% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Ranks above peers (9/13)

Risks

!Expensive Growth (revenue 5y +25.4 %/yr)
!Thin margins · 7.1% net margin
!Moderate debt · negative free cash flow
!Moderate moat 55/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range ₹8.36 – ₹13.93

Fair value as of: Aug 23, 2026

From 9 valuation models · updated 14 days ago

Share price +11.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹13.93). The favourable scenario is already priced in.
  • Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

₹45.92 ₹0.3574 Fair Value ₹11.15 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range ₹0.3574 – ₹45.92 · fair‑value band ₹8.36 – ₹13.93 · the ₹45.92 price screens above the ₹11.15 fair value. Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

SBC Exports Limited (SBC) currently trades at ₹45.92, while our model-based Fair Value estimate is ₹11.15, implying the stock looks roughly 311.9% overvalued today. The Quality Score stands at 35/100 (below-average quality), in the Industrials sector. Bull case: the Earnings-Based group reads highest at a median of ₹15.48 per share, and 0 of the 9 models we run sit above the ₹45.92 price. Bear case: the Asset-Based group reads lowest at ₹1.13, and 9 of the 9 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, SBC Exports Limited generated revenue of ₹4.5B at a net margin of 7.1%. Revenue grew 66.3% year over year. It earns a return on equity of 37.2%. Net debt stands at ₹2.1B. Fundamentals as of Aug 23, 2026

Our scenario range runs from ₹8.36 (bear case) to ₹13.93 (bull case); at ₹45.92, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 146% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 35% fair-value upside, at −76%, SBC screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ₹0.4639 per share, which is 4.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (₹0.5400 to ₹25.17). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Owner Earnings best evidence ₹3.84 ₹9.34 ₹20.89 70
DDM Multi-Stage ₹0.3100 ₹0.5400 ₹0.6700 67
Gordon GGM ₹0.3100 ₹0.6400 ₹1.01 66
All 9 models by family
DCF Models
Owner Earnings best evidence ₹3.84 ₹9.34 ₹20.89 70
Earnings-Based
Graham-Dodd ₹3.61 ₹25.17 ₹35.32 63
Lynch FV ₹10.83 ₹15.48 ₹20.12 61
Dividend Discount
Gordon GGM ₹0.3100 ₹0.6400 ₹1.01 66
DDM Multi-Stage ₹0.3100 ₹0.5400 ₹0.6700 67
Multiples
P/E Multiple ₹8.36 ₹11.15 ₹13.93 63
P/B Multiple ₹5.68 ₹7.58 ₹9.47 55
Asset-Based
NCAV (Graham) ₹0.8400 ₹1.13 ₹1.68 54
Economic Profit
Residual Income ₹4.21 ₹6.59 ₹81.88 64

Widest divergence: Earnings-Based (₹15.48) versus Dividend Discount (₹0.5400). Highest evidence: Owner Earnings (70).

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Key figures & financial health

P/E ratio 67.5
P/S ratio 4.23 P/E × margin
EPS (TTM) ₹0.6800 price ÷ EPS = P/E 67.5
Dividend yield 0.1% payout 5.6%
Net margin 6.3% FY2025
Return on equity 37.2% TTM
More key figures
Profitability
Return on assets (EBIT) 7.4% avg 5y
Operating margin 10.4% TTM
Growth
Revenue (TTM) ₹4.5B TTM
Revenue growth (YoY) +66.3% 3y avg +27.2%
EPS growth (YoY) +186%
Balance sheet & cash flow
Free cash flow −₹863M FY2025
Net debt ₹2.1B FY2025

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 33 · Market factors (momentum, volatility) 91

Profitability 54
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 90
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

SBC Exports Limited manufactures and sells hosiery fabrics and garments in India. The company operates through three segments: Garments and Carpets; Information Technology Services; and Travel and Tour Operations. It offers T-shirts, denims, sweatshirts, trousers, jackets, leggings, etc.

Full company description

SBC Exports Limited manufactures and sells hosiery fabrics and garments in India. The company operates through three segments: Garments and Carpets; Information Technology Services; and Travel and Tour Operations. It offers T-shirts, denims, sweatshirts, trousers, jackets, leggings, etc. under the SBC DESIGN+, F-ROUTE, FEMAS FASHIONS, FEMAS LINGERIE'S, FEMAS JEANS, and IEDEE brand names for ladies, men, and kids; and wool and silk carpets. The company also provides e-governance, web and software development, scanning and digitization, and system integration services, as well as IT solutions; and manpower supply services. In addition, it organizes adventure, cultural, religious tours, hill stations, and wildlife tours; and offers travel planning, itinerary design, hotel booking, and ticket reservation services, as well as transport facilities and holiday packages. SBC Exports Limited was founded in 1991 and is headquartered in Mirzapur, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SBC Exports Limited reported revenue of ₹4.0B in FY2025 versus ₹1.7B in FY2021, a compound +24.3%/yr. Reported net income was ₹253M in FY2025, compounding +64.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
₹4.0B
Latest YoY
+34.4%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+27.2%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+25.4%
Avg. revenue growth/yr (9Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+34.1%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +43.8% (approximate, leans on 2025) · in INR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+43.7%
Dividend yield0.1%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 43.7% vs 10Y 41.4%, steady
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.2.6% (2020) → 7.8% (2025) · rising
Worst earnings drop40% (2023) · in INR
⚠ Rate leans on 2025: that final year sits 89% above its own trend (e.g. a one-off disposal gain) and could not be adjusted
Revenue +24.3%/yr
FY21 ₹1.7B
FY22 ₹2.0B
FY23 ₹2.1B
FY24 ₹3.0B
FY25 ₹4.0B
Net income +64.4%/yr
FY21 ₹34.6M
FY22 ₹68.9M
FY23 ₹92.8M
FY24 ₹134M
FY25 ₹253M

SBC screens 312% overvalued. Compare with ITOCHU Corporation →

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Cite: Fair Value Calculator (2026). "SBC Exports Limited Fair Value". https://www.fairvalue-calculator.com/stock/SBC.BSE

Peer Group

Conglomerates · 373 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 35 · Bottom 25%
Fair Value upside −76% · Bottom 25%
Return on equity (TTM) 37% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 7% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 66% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.50× · Higher than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 67.5× · Pricier than 75% of peers
P/B 23.82× · Pricier than 75% of peers
P/S (TTM) 4.23× · Pricier than 75% of peers
EV/EBITDA 47.1× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 23
FUTURE0 · sector 17
PAST66 · sector 35
HEALTH93 · sector 89
DIVIDEND0 · sector 62

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Frequently asked questions

Is SBC Exports Limited (SBC) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of ₹11.15 versus a price of ₹45.92, about −76% upside (overvalued).
What is the fair value of SBC?
Our model-based fair value for SBC Exports Limited is ₹11.15 (as of Aug 23, 2026), built from audited fundamentals. The current price: ₹45.92.
What is the quality score of SBC?
SBC Exports Limited has a Quality Score of 35/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SBC Exports Limited (SBC)?
Our model-based price target is the fair value of ₹11.15 (as of Aug 23, 2026) from 9 valuation models. Cautious scenario ₹8.36, optimistic scenario ₹13.93. It is a calculation from audited fundamentals, not an analyst target.
What is the SBC Exports Limited stock forecast for 2026?
Our models put fair value at ₹11.15, about −76% upside versus a price of ₹45.92 (overvalued). Cautious scenario ₹8.36, optimistic scenario ₹13.93. The calculation is refreshed regularly with new filings.
What is the revenue of SBC Exports Limited (SBC)?
SBC Exports Limited reported trailing-twelve-month revenue of about ₹4.5B (latest available figure, as of Aug 23, 2026).
What is the net profit margin of SBC?
The net profit margin of SBC Exports Limited is about 7.1%, meaning it keeps roughly 7.1% of revenue as net income. Based on the latest reported figures.
Does SBC Exports Limited pay a dividend?
SBC Exports Limited currently shows a dividend yield of about 0.08% relative to its recent price (as of Aug 23, 2026).
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