About
Sindhu Trade Links Limited, together with its subsidiaries, primarily engages in the mining, transportation, and loading services in India. It operates through Transportation & Logistics, Oil, Lubricants, & Spares, Finance & Investment, Generation & Supply of Electricity, and Oil Drilling Operations segments. The company is involved in the development of food park for food processing industries; trading of automobiles spare parts, heavy earthmoving equipment parts, lubricants, tires, tubes, and flaps; and generating, harnessing, developing, accumulating, distributing, and supplying of electricity from biomass power plants. It also engages in the business of coal mining, trading, logistics, extraction, sale, and beneficiation; operation of petrol pumps; provision of lending services; and rental of land/building; as well as finance activities and media operations. The company was formerly known as Bhandari Consultancy and Finance Limited and changed its name to Sindhu Trade Links Limited in June 2011. Sindhu Trade Links Limited was incorporated in 1992 and is based in Gurugram, India.
Key Metrics
as of Sep 2026Market Cap3,888 Cr
P/E50.20
Div Yield0.00 %
Book Value₹12.90
52w High₹32.80
52w Low₹17.60
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 129.00 | 115.00 | 119.00 | 124.00 | 165.00 | 297.00 | 511.00 | 370.00 | 554.00 | 446.00 | 416.00 | 397.00 | 427.00 |
| Expenses | 108.00 | 110.00 | 116.00 | 126.00 | 152.00 | 627.00 | 454.00 | 462.00 | 414.00 | 471.00 | 350.00 | 377.00 | 350.00 |
| Operating Profit | 21.00 | 5.00 | 3.00 | -2.00 | 13.00 | -329.00 | 57.00 | -93.00 | 140.00 | -26.00 | 66.00 | 19.00 | 77.00 |
| OPM % | 16.00 | 4.50 | 2.50 | -1.60 | 8.00 | -111.00 | 11.00 | -25.00 | 25.00 | -6.00 | 16.00 | 4.90 | 18.00 |
| Other Income | 42.00 | 31.00 | 27.00 | 30.00 | 22.00 | 285.00 | 9.00 | 266.00 | 7.00 | -4.00 | 58.00 | 79.00 | 17.00 |
| Depreciation | 8.00 | 3.00 | 3.00 | 3.00 | 3.00 | 4.00 | 28.00 | 8.00 | 14.00 | 47.00 | 14.00 | 1.00 | 6.00 |
| Interest | 12.00 | 17.00 | 11.00 | 12.00 | 10.00 | 14.00 | 38.00 | 37.00 | 32.00 | 43.00 | 14.00 | 42.00 | 44.00 |
| Profit before tax | 44.00 | 16.00 | 15.00 | 12.00 | 23.00 | -63.00 | -1.00 | 128.00 | 102.00 | -120.00 | 96.00 | 56.00 | 45.00 |
| Tax % | 12.00 | 13.00 | 9.00 | 12.00 | 17.00 | -6.00 | 800.00 | 9.00 | 30.00 | -15.00 | 3.00 | 10.00 | 34.00 |
| Net Profit | 39.00 | 14.00 | 14.00 | 11.00 | 19.00 | -59.00 | -7.00 | 117.00 | 72.00 | -102.00 | 93.00 | 50.00 | 29.00 |
| EPS in Rs | 0.25 | 0.09 | 0.09 | 0.07 | 0.12 | -0.38 | -0.05 | 0.76 | 0.46 | -0.66 | 0.60 | 0.33 | 0.19 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 524.00 | 1,731.00 | 1,685.00 | 1,177.00 | 1,007.00 | 892.00 | 1,176.00 | 1,536.00 | 1,281.00 | 966.00 |
| Expenses | 505.00 | 1,956.00 | 1,538.00 | 1,125.00 | 890.00 | 849.00 | 1,093.00 | 1,386.00 | 1,098.00 | 821.00 |
| Operating Profit | 19.00 | -225.00 | 147.00 | 51.00 | 117.00 | 43.00 | 83.00 | 150.00 | 183.00 | 146.00 |
| OPM % | 3.70 | -13.00 | 9.00 | 4.40 | 12.00 | 4.80 | 7.00 | 10.00 | 14.00 | 15.00 |
| Other Income | 110.00 | 568.00 | 150.00 | 158.00 | 48.00 | 82.00 | 35.00 | 26.00 | 15.00 | 18.00 |
| Interest | 50.00 | 121.00 | 152.00 | 161.00 | 171.00 | 155.00 | 140.00 | 145.00 | 92.00 | 60.00 |
| Depreciation | 13.00 | 55.00 | 68.00 | 31.00 | 32.00 | 36.00 | 46.00 | 51.00 | 30.00 | 29.00 |
| Profit before tax | 66.00 | 166.00 | 77.00 | 17.00 | -39.00 | -67.00 | -67.00 | -21.00 | 75.00 | 75.00 |
| Tax % | 13.00 | 27.00 | 8.00 | 121.00 | 36.00 | 23.00 | 48.00 | 165.00 | 54.00 | 52.00 |
| Net Profit | 57.00 | 122.00 | 71.00 | -3.00 | -53.00 | -82.00 | -99.00 | -54.00 | 33.00 | 39.00 |
| EPS in Rs | 0.37 | 0.17 | 0.37 | 0.00 | -0.06 | -0.16 | -0.64 | -0.35 | 0.29 | 0.27 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 154.00 | 154.00 | 154.00 | 154.00 | 51.00 | 51.00 | 51.00 | 51.00 | 51.00 |
| Reserves | 1,599.00 | 1,454.00 | 1,342.00 | 1,178.00 | 1,131.00 | 1,134.00 | 1,161.00 | 296.00 | 235.00 |
| Borrowings | 463.00 | 372.00 | 1,017.00 | 1,638.00 | 1,285.00 | 1,306.00 | 1,156.00 | 1,194.00 | 939.00 |
| Other Liabilities | 668.00 | 754.00 | 2,148.00 | 2,022.00 | 2,153.00 | 1,982.00 | 2,146.00 | 627.00 | 304.00 |
| Total Liabilities | 2,884.00 | 2,733.00 | 4,661.00 | 4,992.00 | 4,621.00 | 4,473.00 | 4,515.00 | 2,167.00 | 1,530.00 |
| Fixed Assets | 79.00 | 82.00 | 3,488.00 | 3,463.00 | 3,264.00 | 3,160.00 | 3,238.00 | 708.00 | 662.00 |
| CWIP | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.00 | 5.00 |
| Investments | 2,005.00 | 1,922.00 | 191.00 | 177.00 | 235.00 | 285.00 | 274.00 | 42.00 | 109.00 |
| Other Assets | 798.00 | 729.00 | 982.00 | 1,352.00 | 1,122.00 | 1,029.00 | 1,004.00 | 1,414.00 | 755.00 |
| Total Assets | 2,884.00 | 2,733.00 | 4,661.00 | 4,992.00 | 4,621.00 | 4,473.00 | 4,515.00 | 2,167.00 | 1,530.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 43.00 | -51.00 | 691.00 | -108.00 | 129.00 | -51.00 | -450.00 | -237.00 |
| Cash from Investing Activity | -64.00 | 374.00 | 65.00 | 152.00 | -9.00 | 12.00 | 182.00 | -24.00 |
| Cash from Financing Activity | 8.00 | -408.00 | -688.00 | -23.00 | -127.00 | 36.00 | 314.00 | 263.00 |
| Net Cash Flow | -13.00 | -84.00 | 68.00 | 21.00 | -7.00 | -3.00 | 46.00 | 2.00 |
| Free Cash Flow | 39.00 | -74.00 | 613.00 | -40.00 | 102.00 | -14.00 | -506.00 | -268.00 |
| CFO/OP % | 232.00 | 23.00 | 464.00 | -172.00 | 115.00 | -64.00 | -231.00 | -135.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 230.00 | 73.00 | 75.00 | 121.00 | 135.00 | 122.00 | 76.00 | 158.00 | 73.00 |
| Inventory Days | 12.00 | — | — | — | — | — | 16.00 | 132.00 | 71.00 |
| Days Payable | 25.00 | — | — | — | — | — | 73.00 | 280.00 | 119.00 |
| Cash Conversion Cycle | 217.00 | 73.00 | 75.00 | 121.00 | 135.00 | 122.00 | 18.00 | 10.00 | 26.00 |
| Working Capital Days | 395.00 | 100.00 | 18.00 | -143.00 | -77.00 | -117.00 | -112.00 | 59.00 | -42.00 |
| ROCE % | 4.00 | 5.00 | 6.00 | 5.00 | 4.00 | 1.00 | — | 11.00 | — |
Corporate Actions
6 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 19 Sep 2024 | — | — | — | Annual General Meeting |
| Other | 15 Sep 2023 | — | — | — | Annual General Meeting |
| Bonus | 19 May 2022 | 21 May 2022 | 2:1 | — | |
| Other | 04 May 2022 | — | — | — | E.G.M. |
| Split | 03 Feb 2022 | 04 Feb 2022 | 10:1 | — | |
| Other | 12 Jan 2022 | — | — | — | E.G.M. |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update19 Nov 2025 from fitch
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Rating update8 Aug 2025 from fitch
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Rating update11 Dec 2024 from fitch
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Rating update3 Dec 2024 from fitch
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Rating update6 Dec 2023 from fitch
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Rating update18 Sep 2023 from fitch