Shanti Spintex Ltd
Incorporated in 2010, Shanti Spintex Ltd
is in the business of manufacturing & trading of denim textile products[1]
- Market Cap ₹ 57.1 Cr.
- Current Price ₹ 33.8
- High / Low ₹ 70.5 / 27.1
- Stock P/E 11.8
- Book Value ₹ 61.7
- Dividend Yield 0.00 %
- ROCE 4.71 %
- ROE 1.80 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.55 times its book value
- Company's working capital requirements have reduced from 19.5 days to 14.1 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 9.24% over last 3 years.
- Earnings include an other income of Rs.4.63 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 86 | 113 | 255 | 370 | 506 | 710 | 683 | 591 | |
| Sales growth | +30% | +126% | +45% | +37% | +40% | -4% | -18% | |
| 80 | 101 | 243 | 349 | 481 | 690 | 674 | 581 | |
| Operating Profit | 6 | 11 | 12 | 22 | 25 | 20 | 9 | 9 |
| OPM % | 8% | 10% | 4.7% | 6% | 4.9% | 2.8% | 1.3% | 1.6% |
| 4 | 0 | 0 | 0 | 1 | 1 | 4 | 5 | |
| Interest | 2 | 3 | 2 | 3 | 3 | 2 | 2 | 3 |
| Depreciation | 7 | 4 | 4 | 5 | 5 | 5 | 5 | 5 |
| Profit before tax | 2 | 5 | 6 | 14 | 18 | 14 | 6 | 7 |
| Tax % | -187% | 28% | 16% | 28% | 27% | 25% | 24% | |
| 5 | 3 | 5 | 10 | 13 | 10 | 4 | 5 | |
| EPS in Rs | 3.30 | 2.38 | 3.43 | 7.13 | 7.71 | 6.04 | 2.66 | 2.87 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 43% |
| 3 Years: | 23% |
| TTM: | -18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -12% |
| 3 Years: | -44% |
| TTM: | -34% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -52% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 9% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 17 | 17 | 17 | 17 |
| Reserves | 28 | 34 | 39 | 49 | 70 | 80 | 83 | 87 |
| 39 | 43 | 49 | 42 | 22 | 14 | 39 | 51 | |
| 27 | 35 | 41 | 78 | 85 | 67 | 76 | 105 | |
| Total Liabilities | 102 | 119 | 136 | 176 | 194 | 177 | 216 | 259 |
| 54 | 57 | 53 | 64 | 67 | 63 | 58 | 56 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 2 | 2 | 2 | 0 | 1 | 25 | 41 |
| 46 | 60 | 81 | 110 | 127 | 113 | 132 | 162 | |
| Total Assets | 102 | 119 | 136 | 176 | 194 | 177 | 216 | 259 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 8 | 3 | 5 | 17 | 7 | 17 | -2 | |
| 3 | 0 | -0 | -15 | -5 | -0 | -2 | |
| -11 | 1 | -8 | -1 | -2 | -14 | -3 | |
| Net Cash Flow | -0 | 4 | -3 | 2 | 0 | 3 | -8 |
| Free Cash Flow | 8 | 3 | 5 | 2 | -1 | 17 | -3 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 124% | 31% | 44% | 90% | 42% | 87% | -26% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 105 | 123 | 74 | 67 | 65 | 35 | 61 |
| Inventory Days | 25 | 14 | 11 | 21 | 15 | 12 | 6 |
| Days Payable | 141 | 125 | 56 | 76 | 57 | 29 | 35 |
| Cash Conversion Cycle | -11 | 12 | 29 | 12 | 23 | 18 | 32 |
| Working Capital Days | 22 | 52 | 31 | 21 | 27 | 18 | 14 |
| ROCE % | 9% | 9% | 18% | 19% | 14% | 5% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Actual Production Lakh Meters |
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| Capacity Utilization % |
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| Customer Concentration - Top 10 Customers as % of Revenue % |
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| Installed Capacity Lakh Meters |
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| Renewable Energy Share of Power % |
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Extracted by Screener AI
Documents
Announcements
- Submission Of Un-Audited Standalone And Consolidated Financial Results For The Half Year Ended September 30, 2026
-
Board Meeting Outcome for Outcome Of Board Meeting Held On 5Th November 2026
- Board approved unaudited standalone and consolidated results for half year ended 30 September 2026.
-
Board Meeting Intimation for Consideration And Approval Of Unaudited Standalone And Consolidated Financial Results For The Half Year Ended September 30, 2026
- Board meets 5 Nov 2026 to approve H1 FY2027 results and review related party transactions.
-
Submission Of Revised Half-Yearly Standalone Financial Results For The Half Year Ended September 30, 2025
- Shanti Spintex filed revised standalone half-yearly results for September 30, 2025 after XBRL-PDF mismatch correction.
-
Statement Of Investor Complaints As Per Regulation 13(3) Of The SEBI (LODR) Regulations, 2015 For The Quarter And Half-Year Ended September, 30Th 2026.
- Investor complaints report for quarter ended September 30, 2026 shows zero complaints pending or received.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
Concalls
-
Nov 2025Transcript PPT
-
May 2025Transcript PPT
-
May 2024PPT
Business Overview:[1]
SSL manufactures denim fabrics, offering 6 types in 6 shades, sold to manufacturers, wholesalers, and traders across Gujarat. The company also operates a wind farm and a rooftop solar plant.