Spice Islands Industries Ltd

Spice IslandsInd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Spice Islands Industries Ltd

₹ 43.8 -4.80%
10 Jun 4:01 p.m.
spiceislandsindia.com BSE: 526827
About

Incorporated in 1988, Spice Islands Industries Ltd manufactures textiles and has diversified into various other activities[1]

Key Points

Business Overview:[1][2]
SIIL was engaged in the manufacturing
& selling of knitted and woven garments.
The company has now diversified its business into various activities including the solar business

Website BSE
  • Market Cap ₹ 18.8 Cr.
  • Current Price ₹ 43.8
  • High / Low ₹ 56.7 / 31.6
  • Stock P/E 39.2
  • Book Value ₹ 5.49
  • Dividend Yield 0.00 %
  • ROCE 59.4 %
  • ROE 46.6 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 7.98 times its book value
  • The company has delivered a poor sales growth of -45.1% over past five years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.2.20 Cr.
  • Company has high debtors of 552 days.
  • Working capital days have increased from -281 days to 112 days

* 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 Consumer Durables Consumer Durables Gems, Jewellery And Watches

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
0.81 0.02 0.15 0.51 0.19 0.20 0.13 0.10 0.48 0.00 0.10 0.33 0.34
0.80 0.12 0.17 0.58 0.22 0.13 0.10 0.18 0.49 0.13 0.44 0.60 0.56
Operating Profit 0.01 -0.10 -0.02 -0.07 -0.03 0.07 0.03 -0.08 -0.01 -0.13 -0.34 -0.27 -0.22
OPM % 1.23% -500.00% -13.33% -13.73% -15.79% 35.00% 23.08% -80.00% -2.08% -340.00% -81.82% -64.71%
0.09 0.04 0.01 0.09 0.08 0.01 0.08 0.18 0.16 0.24 0.06 0.09 1.81
Interest 0.01 0.01 0.01 0.00 0.04 0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.01
Depreciation 0.06 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.03 -0.01 0.02 0.02
Profit before tax 0.03 -0.08 -0.04 0.01 0.00 0.05 0.08 0.07 0.12 0.06 -0.29 -0.21 1.56
Tax % 33.33% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 220.69% 4.76% 0.00%
0.02 -0.08 -0.03 0.01 -0.02 0.05 0.08 0.07 0.11 0.06 -0.93 -0.21 1.56
EPS in Rs 0.05 -0.19 -0.07 0.02 -0.05 0.12 0.19 0.16 0.26 0.14 -2.16 -0.49 3.63
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
16.17 24.11 22.95 17.73 28.82 17.03 15.64 6.60 2.68 0.86 0.90 0.78
16.29 23.52 22.77 19.53 30.39 21.23 18.34 8.21 3.60 1.03 0.91 1.74
Operating Profit -0.12 0.59 0.18 -1.80 -1.57 -4.20 -2.70 -1.61 -0.92 -0.17 -0.01 -0.96
OPM % -0.74% 2.45% 0.78% -10.15% -5.45% -24.66% -17.26% -24.39% -34.33% -19.77% -1.11% -123.08%
1.01 0.77 0.81 1.04 1.22 0.52 0.42 -0.13 -0.13 0.17 0.43 2.20
Interest 0.16 0.15 0.17 0.24 0.43 0.43 0.29 0.14 0.11 0.06 0.06 0.06
Depreciation 0.24 0.39 0.49 0.47 0.49 0.48 0.39 0.30 0.15 0.04 0.04 0.06
Profit before tax 0.49 0.82 0.33 -1.47 -1.27 -4.59 -2.96 -2.18 -1.31 -0.10 0.32 1.12
Tax % 12.24% 25.61% 15.15% 5.44% 3.94% -14.60% -1.01% 0.00% 0.76% 20.00% 0.00% 57.14%
0.43 0.61 0.28 -1.54 -1.32 -3.91 -2.94 -2.18 -1.32 -0.12 0.32 0.48
EPS in Rs 1.00 1.42 0.65 -3.58 -3.07 -9.09 -6.84 -5.07 -3.07 -0.28 0.74 1.12
Dividend Payout % 100.00% 105.74% 115.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -29%
5 Years: -45%
3 Years: -34%
TTM: -13%
Compounded Profit Growth
10 Years: 1%
5 Years: 17%
3 Years: 35%
TTM: 60%
Stock Price CAGR
10 Years: 6%
5 Years: 40%
3 Years: 59%
1 Year: 3%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 47%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 4.30 4.30 4.30 4.30 4.30 4.30 4.30 4.30 4.30 4.30 4.30 4.30
Reserves 9.24 8.88 8.77 6.83 5.52 1.59 -1.35 -3.53 -4.82 -4.92 -4.60 -1.94
0.16 0.20 1.08 2.52 4.80 3.45 1.92 2.01 0.87 0.63 0.63 1.28
1.36 2.56 1.80 1.88 3.40 2.56 3.51 2.25 3.18 1.93 0.96 1.44
Total Liabilities 15.06 15.94 15.95 15.53 18.02 11.90 8.38 5.03 3.53 1.94 1.29 5.08
2.33 1.94 2.89 3.08 3.12 2.23 2.08 1.25 0.84 0.60 0.21 0.76
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 2.68 2.36 2.88 2.96 2.71 1.81 0.19 0.00 0.00 0.00 0.00 0.00
10.05 11.64 10.18 9.49 12.19 7.86 6.11 3.78 2.69 1.34 1.08 4.32
Total Assets 15.06 15.94 15.95 15.53 18.02 11.90 8.38 5.03 3.53 1.94 1.29 5.08

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1.02 -2.64 1.56 -1.78 -3.43 0.82 -0.24 -0.90 0.76 0.07 -1.22 0.30
0.18 0.74 -1.37 0.85 0.38 0.54 2.12 0.50 0.15 0.15 0.37 -2.91
-0.63 -0.62 -0.29 0.79 1.92 -1.72 -1.72 -0.08 -1.20 -0.30 0.96 2.77
Net Cash Flow 0.57 -2.52 -0.10 -0.13 -1.13 -0.35 0.16 -0.48 -0.28 -0.08 0.10 0.16

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 3.84 12.11 22.90 52.08 73.33 48.22 26.14 37.61 104.87 25.47 0.00 552.18
Inventory Days 61.13 60.59 64.87 62.17 22.34 53.23 40.19 10.11 4.40 0.00 100.96
Days Payable 43.75 38.92 28.33 54.17 43.12 67.42 57.25 39.53 54.97 93.19
Cash Conversion Cycle 21.22 33.78 59.44 60.09 52.55 34.03 9.07 8.19 54.30 25.47 0.00 559.95
Working Capital Days 14.90 52.38 52.64 93.67 85.36 68.80 18.20 -16.59 -239.70 -674.83 -279.83 112.31
ROCE % 4.26% 5.98% 2.32% -14.17% -11.46% -34.39% -36.45% -46.54% -61.34% 5.56% 211.76% 59.45%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
62.34% 62.34% 62.34% 62.34% 62.34% 0.00% 0.00% 62.50% 62.50% 62.50% 62.50% 62.50%
37.66% 37.65% 37.66% 37.64% 37.64% 99.99% 99.99% 37.49% 37.51% 37.50% 37.50% 37.50%
No. of Shareholders 2,3402,3402,3442,3682,2032,1952,2082,1582,1192,0972,0712,104

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