Spice Islands Industries Ltd
Incorporated in 1988, Spice Islands Industries Ltd manufactures textiles and has diversified into various other activities[1]
- Market Cap ₹ 32.7 Cr.
- Current Price ₹ 76.0
- High / Low ₹ 95.0 / 31.6
- Stock P/E 43.6
- Book Value ₹ 5.49
- Dividend Yield 0.00 %
- ROCE 59.4 %
- ROE 46.6 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 13.8 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.2.05 Cr.
- Company has high debtors of 552 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
16.17 | 24.11 | 22.95 | 17.73 | 28.82 | 17.03 | 15.64 | 6.60 | 2.68 | 0.86 | 0.90 | 0.78 | 2.70 | |
16.29 | 23.52 | 22.77 | 19.53 | 30.39 | 21.23 | 18.34 | 8.21 | 3.60 | 1.03 | 0.91 | 1.74 | 3.26 | |
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 | -0.56 |
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% | -20.74% |
1.01 | 0.77 | 0.81 | 1.04 | 1.22 | 0.52 | 0.42 | -0.13 | -0.13 | 0.17 | 0.43 | 2.20 | 2.05 | |
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 | 0.05 |
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 | 0.05 |
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 | 1.39 |
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 | 0.75 | |
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 | 1.75 |
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: | 280% |
Compounded Profit Growth | |
---|---|
10 Years: | 1% |
5 Years: | 17% |
3 Years: | 35% |
TTM: | 134% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 69% |
3 Years: | 109% |
1 Year: | 81% |
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 | 60.94 | 33.31 | 3.21 | -23.34 | -109.50 | -339.12 | -674.83 | -279.83 | -486.67 |
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% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Aug - News Paper Notice in respect of prior intimation of the 37th Annual General Meeting of the Company
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Aug - Financial Results for the quarter ended June 30, 2025 published in Newspaper
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Non Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations, 2015, For The Quarter Ended June 30, 2025
16 Aug - Spice Islands Industries Ltd exempt from SEBI Reg 23(9) disclosures for Q1 FY26 due to size thresholds.
-
Announcement under Regulation 30 (LODR)-Resignation of Director
14 Aug - Q1 FY26 results approved; AGM on Sept 24; Independent director resigned due to commitments.
- The Register Of Members And Share Transfer Books Of The Company Will Remain Close From 18.09.2025 To 24.09.2025 14 Aug
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
from bse
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Financial Year 2019
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Financial Year 2018
from bse
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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