Spice Islands Industries Ltd

₹ 455 4.83%

12 Jun - close price

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 ₹ 196 Cr.
Current Price ₹ 455
High / Low ₹ 494 / 41.7
Stock P/E 34.6
Book Value ₹ 32.6
Dividend Yield 0.35 %
ROCE 62.4 %
ROE 69.1 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 37.7% CAGR over last 5 years
Debtor days have improved from 305 to 58.4 days.

Cons

Stock is trading at 14.0 times its book value
Promoter holding has decreased over last quarter: -19.4%
Earnings include an other income of Rs.3.29 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 Consumer Durables Consumer Durables Gems, Jewellery And Watches

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	0.19	0.20	0.13	0.10	0.48	0.00	0.10	0.33	0.34	1.93	1.74	3.32	10.91
	0.22	0.13	0.10	0.18	0.49	0.13	0.44	0.60	0.56	1.66	1.65	2.31	9.78
Operating Profit	-0.03	0.07	0.03	-0.08	-0.01	-0.13	-0.34	-0.27	-0.22	0.27	0.09	1.01	1.13
OPM %	-15.79%	35.00%	23.08%	-80.00%	-2.08%		-340.00%	-81.82%	-64.71%	13.99%	5.17%	30.42%	10.36%
	0.08	0.01	0.08	0.18	0.16	0.24	0.06	0.09	1.81	0.09	0.72	0.48	2.00
Interest	0.04	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.03
Depreciation	0.01	0.01	0.01	0.01	0.01	0.03	-0.01	0.02	0.02	0.02	0.02	0.02	0.02
Profit before tax	0.00	0.05	0.08	0.07	0.12	0.06	-0.29	-0.21	1.56	0.33	0.78	1.46	3.08
Tax %		0.00%	0.00%	0.00%	0.00%	0.00%	220.69%	4.76%	0.00%	0.00%	0.00%	0.00%	-0.32%
	-0.02	0.05	0.08	0.07	0.11	0.06	-0.93	-0.21	1.56	0.33	0.78	1.46	3.09
EPS in Rs	-0.05	0.12	0.19	0.16	0.26	0.14	-2.16	-0.49	3.63	0.77	1.81	3.40	7.19
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	24.11	22.95	17.73	28.82	17.03	15.64	6.60	2.68	0.86	0.00	0.78	17.89
	23.52	22.77	19.53	30.39	21.23	18.34	8.21	3.60	1.03	0.91	1.74	15.41
Operating Profit	0.59	0.18	-1.80	-1.57	-4.20	-2.70	-1.61	-0.92	-0.17	-0.91	-0.96	2.48
OPM %	2.45%	0.78%	-10.15%	-5.45%	-24.66%	-17.26%	-24.39%	-34.33%	-19.77%	-1.11%	-123.08%	13.86%
	0.77	0.81	1.04	1.22	0.52	0.42	-0.13	-0.13	0.17	1.33	2.20	3.29
Interest	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	0.39	0.49	0.47	0.49	0.48	0.39	0.30	0.15	0.04	0.04	0.06	0.08
Profit before tax	0.82	0.33	-1.47	-1.27	-4.59	-2.96	-2.18	-1.31	-0.10	0.32	1.12	5.64
Tax %	25.61%	15.15%	5.44%	3.94%	-14.60%	-1.01%	0.00%	0.76%	20.00%	0.00%	57.14%	-0.35%
	0.61	0.28	-1.54	-1.32	-3.91	-2.94	-2.18	-1.32	-0.12	0.32	0.48	5.66
EPS in Rs	1.42	0.65	-3.58	-3.07	-9.09	-6.84	-5.07	-3.07	-0.28	0.74	1.12	13.16
Dividend Payout %	105.74%	115.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.11%

Compounded Sales Growth
10 Years:	-2%
5 Years:	22%
3 Years:	175%
TTM:	2194%

Compounded Profit Growth
10 Years:	45%
5 Years:	38%
3 Years:	336%
TTM:	1079%

Stock Price CAGR
10 Years:	33%
5 Years:	139%
3 Years:	183%
1 Year:	897%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	69%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4.30	4.30	4.30	4.30	4.30	4.30	4.30	4.30	4.30	4.30	4.30	6.23
Reserves	8.88	8.77	6.83	5.52	1.59	-1.35	-3.53	-4.82	-4.92	-4.60	-1.94	7.79
	0.20	1.08	2.52	4.80	3.45	1.92	2.01	0.87	0.63	0.63	1.28	0.59
	2.56	1.80	1.88	3.40	2.56	3.51	2.25	3.18	1.93	0.94	1.43	3.08
Total Liabilities	15.94	15.95	15.53	18.02	11.90	8.38	5.03	3.53	1.94	1.27	5.07	17.69
	1.94	2.89	3.08	3.12	2.23	2.08	1.25	0.84	0.60	0.21	0.76	2.82
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	2.36	2.88	2.96	2.71	1.81	0.19	0.00	0.00	0.00	0.00	0.00	0.00
	11.64	10.18	9.49	12.19	7.86	6.11	3.78	2.69	1.34	1.06	4.31	14.87
Total Assets	15.94	15.95	15.53	18.02	11.90	8.38	5.03	3.53	1.94	1.27	5.07	17.69

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-2.64	1.56	-1.78	-3.43	0.82	-0.24	-0.90	0.76	0.07	-0.20	0.30	2.94
	0.74	-1.37	0.85	0.38	0.54	2.12	0.50	0.15	0.15	0.37	-2.91	-5.69
	-0.62	-0.29	0.79	1.92	-1.72	-1.72	-0.08	-1.20	-0.30	-0.06	2.77	5.28
Net Cash Flow	-2.52	-0.10	-0.13	-1.13	-0.35	0.16	-0.48	-0.28	-0.08	0.10	0.16	2.52
Free Cash Flow	-2.93	0.12	-2.44	-3.95	0.89	-0.24	-0.45	0.87	0.22	0.17	-2.61	-1.28
CFO/OP	-439%	900%	95%	218%	-20%	9%	56%	-83%	53%	18%	-32%	119%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	12.11	22.90	52.08	73.33	48.22	26.14	37.61	104.87	25.47		552.18	58.35
Inventory Days	60.59	64.87	62.17	22.34	53.23	40.19	10.11	4.40	0.00		100.96	8.20
Days Payable	38.92	28.33	54.17	43.12	67.42	57.25	39.53	54.97			93.19	20.71
Cash Conversion Cycle	33.78	59.44	60.09	52.55	34.03	9.07	8.19	54.30	25.47		559.95	45.84
Working Capital Days	52.38	52.64	60.94	33.31	3.21	-23.34	-109.50	-339.12	-674.83		-486.67	49.58
ROCE %	5.98%	2.32%	-14.17%	-11.46%	-34.39%	-36.45%	-46.54%	-61.34%	5.56%	211.76%	59.45%	62.36%

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Number of Permanent Employees
Number

x,xxx	xx	x,xxx	xx	xx	xx	x	x	x	x
xx	x	x	x	x	x	x	x		x
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	x.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	x.xx
								x	x
									xx.xx

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Number of Active Manufacturing Facilities
Number

Revenue from Knitted Garments (as % of Turnover)
%

Revenue from Woven Garments (as % of Turnover)
%

Number of Hotels Managed
Number

EV Assets Gross Carrying Value
Rs. Lacs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	62.34%	0.00%	0.00%	62.50%	62.50%	62.50%	62.50%	62.50%	62.50%	62.50%	62.50%	43.11%
	37.64%	99.99%	99.99%	37.49%	37.51%	37.50%	37.50%	37.50%	37.48%	37.49%	37.50%	56.90%
No. of Shareholders	2,203	2,195	2,208	2,158	2,119	2,097	2,071	2,104	2,077	2,430	2,412	2,820

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	62.34%	62.34%	62.34%	62.34%	62.34%	62.34%	62.34%	62.50%	62.50%	43.11%
	37.66%	37.66%	37.66%	37.66%	37.66%	37.66%	37.64%	37.49%	37.50%	56.90%
No. of Shareholders	2,177	1,922	1,904	1,917	1,885	2,378	2,368	2,158	2,104	2,820

Spice Islands Industries Ltd

Spice Islands Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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