Emkay Global maintains 'buy' on Sanathan Textiles, raises PT on Punjab plant revenue outlook

Sanathan Textiles

30/09/2026 10:30

** Emkay Global reiterates its 'buy' call on Sanathan Textiles SNAT.NS and raises PT by 8% to 675 rupees from 625 rupees 
** Expects co's Punjab plant in northern India to drive consolidated revenue to between 72 billion rupees ($751.29 million) and 75 billion rupees by FY29
** Notes strong demand helped SNAT cover higher input costs
** Forecasts plant will deliver EBITDA margin of about 12% from 2.5% in Q1 of FY27, helped by lower logistics costs and higher automation 
** Expects debt levels to improve, with leverage reducing to 1.0 to 1.3x by FY29 from 3.1x in FY27
** Stock rated "strong buy" on avg by five analysts, with median PT of 585 rupees -- data compiled by LSEG
** Stock up 17.72% YTD
     


($1 = 95.8350 Indian rupees)

 (Reporting by Anushka Rajvedi in Bengaluru)
 ((mailto: anushka.rajvedi@thomsonreuters.com))