Shanti Spintex Ltd

Shanti Spintex Ltd

₹ 62.0 -4.62%
22 Nov - close price
About

Incorporated in 2010, Shanti Spintex Ltd
is in the business of manufacturing & trading of denim textile products[1]

Key Points

Business Overview:[1]
SSL manufactures denim fabrics, offering 6 types in 6 different shades, sold to manufacturers, wholesalers, and traders across Gujarat. The company also operates a wind farm and a rooftop solar plant.

  • Market Cap 105 Cr.
  • Current Price 62.0
  • High / Low 96.9 / 46.2
  • Stock P/E 7.35
  • Book Value 55.1
  • Dividend Yield 0.00 %
  • ROCE 19.5 %
  • ROE 17.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 1.13 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Sector: Textiles Industry: Textiles - Cotton/Blended

Part of BSE SME IPO

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Half Yearly Results

Figures in Rs. Crores

Mar 2023 Sep 2023 Mar 2024 Sep 2024
273 162 344 355
259 151 330 343
Operating Profit 14 11 13 12
OPM % 5% 7% 4% 3%
-1 0 1 0
Interest 2 2 1 1
Depreciation 2 2 2 2
Profit before tax 9 7 11 9
Tax % 43% 27% 27% 26%
5 5 8 6
EPS in Rs 7.34 3.69 4.61 3.83
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
86 113 255 370 506 699
80 101 243 349 481 674
Operating Profit 6 11 12 22 25 25
OPM % 8% 10% 5% 6% 5% 4%
4 0 0 0 1 2
Interest 2 3 2 3 3 2
Depreciation 7 4 4 5 5 5
Profit before tax 2 5 6 14 18 19
Tax % -187% 28% 16% 28% 27%
5 3 5 10 13 14
EPS in Rs 6.59 4.76 6.86 14.27 7.71 8.44
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 65%
TTM: 60%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 54%
TTM: 36%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 17%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 7 7 7 17 17
Reserves 28 39 49 70 76
39 49 42 22 20
27 41 78 85 69
Total Liabilities 102 136 176 194 182
54 53 64 67 65
CWIP 0 0 0 0 0
Investments 2 2 2 0 1
46 81 110 127 116
Total Assets 102 136 176 194 182

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8 3 5 17 7
3 0 -0 -15 -5
-11 1 -8 -1 -2
Net Cash Flow -0 4 -3 2 0

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 105 74 67 65
Inventory Days 25 11 21 15
Days Payable 141 56 76 57
Cash Conversion Cycle -11 29 12 23
Working Capital Days 56 45 32 32
ROCE % 18% 19%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Sep 2024
73.57% 73.57% 73.57%
1.87% 0.94% 0.00%
4.89% 2.40% 0.72%
19.68% 23.09% 25.71%
No. of Shareholders 776715756

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents