FINANCIAL ANALYSIS REPORT SIGNORIA CREATION LIMITED

. Introduction

So, Signoria Creation Limited is basically this growing Indian fashion house that’s really focused on making and selling ethnic clothes for women. It’s not just old-school; it feels fresh but still traditional.

The whole apparel and textile scene in India is massive. Like, it’s a huge part of the country’s GDP and brings in a ton of export money too. But the ethnic wear part?. It’s because Indian women have such a deep connection to their culture, and honestly, everyone just loves dressing up more these days. 

Since COVID, these smaller SME-listed companies have been super busy. People are spending more at home again, and online shopping is everywhere now. Everyone’s buying stuff on their phones.

 People have more money to spend, more people are moving to cities, and social media... man, social media is driving everything. Everyone wants affordable ethnic fashion that looks good on Instagram.

2. Company Overview
Signoria Creation Limited didn’t start out as a big public company. They actually launched as a
Private Limited Company back on September 30, 2019. They ended up raising ₹9.28 crore, which is a pretty decent chunk of change, and the shares started at ₹65 each.

The way they work is pretty smart—they do almost everything themselves. It’s called a vertically integrated model. Here’s the breakdown of how they handle things:

• They sell their clothes in a bunch of different ways. They have the old-school wholesale stuff, they have their own retail stores, and of course, they’re selling online.

• They’re actually serious about quality too. 

Signoria is really aiming for that middle-income Indian woman who wants something that looks great but doesn't cost a fortune. Here’s where they stand right now:

• They’re on the NSE SME platform, and their market cap is around ₹46.6 crore. That was the value in early 2026.

3. The Promoters of the Company

The company is basically run by four main people who are in charge of everything:

Mr. Vasudev Agarwal – The Managing Director

• He’s got about 7 years of real-world experience in making clothes and textiles.

Mr.. Mohit Agarwal – Director

• He also has about 7 years in the industry.

• He was a huge part of the team that decided to take the company public back in 2024.

Ms. Kritika Chachan – President

4. Financial Analysis

4.1 The Income Statement (The Money Coming In)

Some things I noticed about the income:

• The revenue went from ₹19.14 Cr to ₹27.22 Cr. That’s about 19.2% growth every year for two years.
• The actual profit (PAT) basically doubled. It went from ₹1.33 Cr in 2023 to over ₹3 Cr in 2025. That’s like a 127% jump overall.

4.2 The Balance Sheet (What they own vs. what they owe)

Some things I noticed here:

• The total assets grew from ₹14.60 Cr to ₹22.65 Cr. That’s mostly from the IPO money and the profits they kept in the business.

• The net worth (what’s actually theirs) shot up from ₹1.30 Cr to ₹10.15 Cr. That’s a massive difference. 

4.3 Cash Flow (Where the actual cash is going)

The cash flow story is a bit messy:

•The company has actually lost cash from its main operations for three years straight (FY21-23).

•They’ve stayed afloat because of financing—meaning bank loans and that IPO money. 

4.4 The Ratios (The quick stats)

Just a quick note: That ROE in FY23 looks insane (102%) only because they had almost no equity back then. The 15% in FY25 is much more normal now that they have the IPO money.

5. Key Insights and Interpretation

5.1 Strengths

The founders are still in. They own 70% of the stock. That makes me feel better because it means they aren't going to just run away if things get tough.

They care about quality. Having that ISO certification is a big deal in an industry where a lot of people just make cheap, low-quality stuff.

The debt is way lower. They used to be drowning in debt (5.77x), but now it's down to 0.57x. That's a huge relief for the balance sheet.

5.2  Weaknesses

They aren't actually making cash. Consistently negative cash flow from operations is scary. It means they're growing using borrowed money, not their own.

It takes forever to get paid. 199 days! Honestly, how do you run a business when it takes seven months to get your money? That's a huge risk if someone decides not to pay.

They don't have many products. Yeah, six categories is okay, but if the "ethnic look" goes out of style, they’re in big trouble.

5. 3 The Risks

Legal headaches. Apparently, there’s some drama with litigation involving some directors. If that goes south, it could cost them money or just make them look bad.

Accounting tricks? Some data suggests they might be "capitalizing" interest. That’s a fancy way of saying they might be making their profits look a little better than they really are. Just something to watch out for.

Working capital trap. If they can't get their receivables under control and the banks stop lending, they could run out of cash fast.

5. 4 What's next? (Future Outlook)

Selling more. They want to use their new factories to just make and sell more stuff across India.

Going digital. They’re really pushing the e-commerce side of things to reach more people.

New clothes. They did well with the Co-ord sets, so they’ll probably keep trying new trends.

Better cash flow? Hopefully, that IPO money they set aside for working capital will help them finally make some real cash.

More capacity. They’ve got this new Unit-II facility in Jaipur that should make things cheaper to produce.

6. To sum it all up...

Signoria Creation Limited has grown a lot since they started in 2019. Like, seriously, look at the revenue and profit growth over the last three years. It’s impressive. The IPO in 2024 really saved their balance sheet too—taking that debt from "yikes" levels down to something much more manageable.

But, and it’s a big but, they have to fix that cash flow. You can't wait 199 days to get paid. That’s just too long. ──────────────────────────────────────────────────────────────────────────────────

Where the info came from: NSE India (nseindia.com) | Screener.in | Chittorgarh.com | Alice Blue IPO stuff | Groww.in | Bajaj Finserv | The Company Check | Tofler.in | Company Annual Reports and RHP