SVC Industries Limited

Real Estate — Real Estate Services · BSE

₹3.00+₹0.10 (+3.45%)

DalalBaazaar Score

41 / 100

🟡 Moderate

Verdict

CAUTION

Risk

Very High

Driven by short-term liabilities exceed short-term assets, the company is currently loss-making, micro-cap size, which brings thin liquidity.

In simple words: The company is currently losing money, though profits are falling even as sales grow. Short-term liquidity is the main factor to watch.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 6:51 pm

Understanding the Business

Company site ↗

The 60-second version of SVC Industries Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

What does this company do?

SVC Industries Limited engages in the trading and warehousing of agricultural products in India. The company operates an agricultural research training development center, as well as trades in wheat, paddy, maize, potato, and mustard. It serves farmers and companies.

IndustryReal Estate Services

SectorReal Estate

Annual revenue₹5 Cr

How does it make money?

Turns over ₹5 Cr a year. Of every ₹100 of sales, about ₹-52 reaches shareholders as profit, with ₹-12 left at the operating level before interest, tax and depreciation.

Who are its competitors?

The closest listed comparisons in its industry are DLF LIMITED, GODREJ PROPERTIES LTD, OBEROI REALTY LIMITED. These are the companies its valuation and returns are measured against elsewhere in this report.

Compared side by side in Peers ↓

What is its competitive advantage?Little sign of one

Returns on capital of -0.6% are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

Peer median ROE10.3%

What has been driving growth?

Growth has come mainly from selling more, rather than from keeping more of each sale. Over 3 years revenue moved +2614% while net margin moved -96% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect+2614%

Margin effect-96%

DalalBaazaar Score

41/ 100

Moderate

Weighted across six categories. Every point is explained below.

✗ No meaningful P/E — the company is lossmaking

Quality vs. Valuation

Company Quality

50/ 100

Average

How good the business is, ignoring the share price entirely.

Valuation

20/ 100

Expensive

What you are being asked to pay, ignoring how good the business is.

A reasonable business at a reasonable price — neither the quality nor the valuation stands out in either direction.

vs. its own history

Not enough price and earnings history

vs. sector peers

Not enough peers with a usable P/E

vs. generic bands

N/A

No P/E — the company is lossmaking

EV/EBITDA

—

PEG

—

What's Good / What's Bad

🟢 What's Going Well2

Margins are improving
EBITDA margin is up from -318.8% to -12.0% over 3 years.
Cash flow has turned positive
Free cash flow moved from negative to positive over 3 years.

🔴 What Needs Attention0

Nothing stands out as clearly deteriorating on the years of data available.

Red Flags

3 items require attention · 2 high · 1 watch

🔴Thin interest coverageFinancial
Operating profit covers interest only -45.0x — little room if earnings dip.
🔴The company is lossmakingFinancial
Net profit of -₹3 Cr in the latest reported year.
🟡Short-term liquidity is tightFinancial
Current ratio of 0.33 — near-term obligations exceed near-term assets.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Margin expansion has further to run
EBITDA margin has risen from -318.8% to -12.0%. If that holds, profit compounds faster than sales and today's multiple looks cheaper in hindsight than it does now.

🔴 Bear CaseWhat could go wrong?

Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.
Several serious flags at once
2 high-severity checks triggered. Individually each has an explanation; together they raise the chance that something structural is wrong rather than a one-off.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1Revenue growth stays above 150% a year✓ 200.5% CAGR
Latest reported year was 274.5%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
2EBITDA margin holds above -14%✓ -12.0%
Two points below today's level — enough room for noise, tight enough to catch real compression.
3Interest cover stays above 3x✗ -45.0x
How much operating profit can fall before interest stops being comfortably covered.
4Free cash flow remains positive✓ ₹0 Cr
Profit that never becomes cash eventually stops being profit.
5ROCE stays above 8%✗ -0.6%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.

Investment Checklist

6 / 11 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✗ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✓ Manageable leverage (Debt/Equity < 1.0)
✗ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✓ Revenue growing year-over-year
✗ Profit growing year-over-year
✓ Not trading at an extreme valuation (P/E < 40x)
✓ Not buying right at the 52-week high
✓ Short-term technical trend isn't bearish

Price history

Quick Metrics

2 good · 4 neutral · 5 weak

Market Cap

₹49 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not meaningful

Loss-making

Earnings are negative, so a P/E multiple can't be read here

P/B Ratio

Not available

No data

Source didn't return this field

EPS (TTM)

₹-0.15

Loss-making

Negative earnings per share — the business is losing money

ROE

-1.0%

Weak

Weak capital efficiency

ROCE

-0.6%

Weak

Low return on total capital employed

Debt/Equity

0.66x

Moderate

Moderate leverage

Revenue Growth (YoY)

274.5%

Healthy

Healthy top-line growth

Profit Growth (YoY)

-63.0%

Falling

Profits are shrinking

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹0 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Operating Margin

0.0%

Weak

Thin margins leave little room for error

Net Margin

0.0%

Weak

Very little revenue reaches the bottom line

Current Ratio

0.33

Tight

Tight short-term liquidity

52W Range Position

52%

Mid-range

Technical Snapshot

SMA 20 / SMA 50

2.8 / 2.7

Bullish alignment (short > long)

Price vs SMA 200

Above

Long-term uptrend

RSI (14)

62.4

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹0 Cr	₹0 Cr	₹1 Cr	₹5 Cr	+200.5%
EBITDA	-₹1 Cr	-₹0 Cr	-₹1 Cr	-₹1 Cr	—
EBITDA Margin	-318.8%	-65.0%	-62.1%	-12.0%	—
PAT (Net Profit)	-₹2 Cr	-₹2 Cr	-₹2 Cr	-₹3 Cr	—
EPS	₹-0.15	₹-0.14	₹-0.1	₹-0.16	—
ROE	-0.9%	-0.8%	-0.6%	-1.0%	—
ROCE	-0.6%	-0.5%	-0.4%	-0.6%	—
Total Debt	₹174 Cr	₹175 Cr	₹175 Cr	₹175 Cr	+0.2%
Free Cash Flow	-₹1 Cr	-₹1 Cr	-₹1 Cr	₹0 Cr	—

🟢 Revenue has grown at 200.5% a year over 3 years.

🟢 EBITDA Margin has risen from -318.8% to -12.0% over 3 years (+306.8 pts).

🟡 ROE has held roughly flat at -1.0% over 3 years.

🟡 ROCE has held roughly flat at -0.6% over 3 years.

🟡 Total Debt has been broadly flat over 3 years (0.2% a year).

🟢 Free Cash Flow has turned positive, from -₹1 Cr to ₹0 Cr.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹442 Cr

Total Liabilities

₹177 Cr

Cash & Equivalents

₹0 Cr

Operating Cash Flow

₹0 Cr

Capex

—

Shareholding (proxy)

Institutional Holding

0.0%

Insider Holding

47.7%

Peer Comparison

Company	P/E	ROE
DLF LIMITED	36.6x	10.3%
GODREJ PROPERTIES LTD	30.2x	8.4%
OBEROI REALTY LIMITED	23.5x	14.7%

Recent News

1 mixed1 negative4 general

SVC Industries seeks approval to sell land, enter defence, energy

scanx.trade, 24 Aug

SVC Industries AGM approves land disposal and defence entry

scanx.trade, 30 Sept

SVC Industries Limited (SVCIND.BO) stock price, news, quote and history

Yahoo Finance Singapore, 20 Sept

SVC Industries Q1 Results: Net loss widens to ₹61.41 lakh in Q1FY27

scanx.trade, 16 AugResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

SVC INDUSTRIES LIMITED Share Price

Upstox, 12 Apr

SVC Industries Ltd Downgraded to Strong Sell Amid Technical Weakness and Financial Struggles

MarketsMojo, 06 OctAnalyst view

🔴Potentially negativeAn analyst opinion changing, which moves the price without changing the business.

Watch Items

Cross-check against the company's latest quarterly filing / investor presentation before acting.
1 metric couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.

DalalBaazaar Thesis

StrongGrowth

MiddlingFinancial Health

WeakBusiness Quality · Profitability · Valuation · Risk

Points for each in the Score ↑

Unremarkable in both directions

A reasonable business at a reasonable price. Nothing here is alarming and nothing is compelling, which usually means the decision rests on things this data cannot see — the industry's direction, management's intent, and what else is available to you. 2 high-severity red flags sit above this conclusion and should be read first.

2 of 5 tripwires tripped — Interest cover stays above 3x; ROCE stays above 8% · see Key things to watch ↑