Spice Islands Industries Ltd
Incorporated in 1988, Spice Islands Industries Ltd manufactures textiles and has diversified into various other activities[1]
- Market Cap ₹ 156 Cr.
- Current Price ₹ 362
- High / Low ₹ 372 / 41.7
- Stock P/E 88.9
- Book Value ₹ 32.4
- Dividend Yield 0.28 %
- ROCE 28.2 %
- ROE 24.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%
- Debtor days have improved from 59.6 to 30.5 days.
- Company's working capital requirements have reduced from 114 days to 68.5 days
Cons
- Stock is trading at 11.2 times its book value
- Promoter holding has decreased over last quarter: -19.4%
- Earnings include an other income of Rs.1.59 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | TTM | |
|---|---|---|---|---|---|---|
| 20.49 | 12.01 | 12.27 | 13.23 | 18.81 | 17.82 | |
| 23.24 | 14.54 | 11.60 | 12.09 | 17.90 | 17.02 | |
| Operating Profit | -2.75 | -2.53 | 0.67 | 1.14 | 0.91 | 0.80 |
| OPM % | -13.42% | -21.07% | 5.46% | 8.62% | 4.84% | 4.49% |
| 1.86 | 1.33 | 0.71 | 1.25 | 3.62 | 1.59 | |
| Interest | 0.15 | 0.10 | 0.06 | 0.10 | 0.32 | 0.07 |
| Depreciation | 0.32 | 0.34 | 0.34 | 0.32 | 0.28 | 0.29 |
| Profit before tax | -1.36 | -1.64 | 0.98 | 1.97 | 3.93 | 2.03 |
| Tax % | 13.97% | -14.63% | -20.41% | -1.52% | 15.27% | |
| -1.55 | -1.40 | 1.18 | 2.00 | 3.33 | 1.75 | |
| EPS in Rs | -3.60 | -3.26 | 2.74 | 4.65 | 7.74 | 4.08 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 21.35% | 19.23% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 60% |
| TTM: | -39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 141% |
| 3 Years: | 144% |
| 1 Year: | 655% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 25% |
| Last Year: | 25% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | |
|---|---|---|---|---|---|
| Equity Capital | 4.27 | 4.27 | 4.27 | 4.27 | 4.27 |
| Reserves | 5.82 | 4.42 | 5.60 | 7.10 | 9.67 |
| 2.08 | 1.00 | 0.10 | 1.91 | 1.20 | |
| 2.14 | 1.68 | 1.71 | 1.99 | 2.43 | |
| Total Liabilities | 14.31 | 11.37 | 11.68 | 15.27 | 17.57 |
| 4.53 | 4.46 | 3.49 | 3.35 | 3.32 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.03 | 0.03 | 0.06 | 0.60 | 1.86 |
| 9.75 | 6.88 | 8.13 | 11.32 | 12.39 | |
| Total Assets | 14.31 | 11.37 | 11.68 | 15.27 | 17.57 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | |
|---|---|---|---|---|---|
| -0.45 | 1.11 | 2.91 | 2.12 | 4.04 | |
| -0.11 | -0.18 | -0.09 | -1.37 | -1.32 | |
| 0.59 | -1.14 | -0.93 | 1.77 | -0.82 | |
| Net Cash Flow | 0.03 | -0.21 | 1.89 | 2.52 | 1.90 |
| Free Cash Flow | -0.59 | 0.79 | 2.85 | 1.25 | 3.47 |
| CFO/OP | 16% | -31% | 446% | 192% | 430% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | |
|---|---|---|---|---|---|
| Debtor Days | 49.34 | 35.25 | 49.08 | 99.32 | 30.47 |
| Inventory Days | 67.35 | 33.53 | 55.38 | 33.08 | 39.63 |
| Days Payable | 39.62 | 17.53 | 71.74 | 38.78 | 20.16 |
| Cash Conversion Cycle | 77.08 | 51.26 | 32.72 | 93.62 | 49.93 |
| Working Capital Days | 138.59 | 170.50 | 139.52 | 134.63 | 68.50 |
| ROCE % | -14.91% | 17.60% | 29.16% | 28.22% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Number of Permanent Employees Number ・Standalone data |
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| Number of Active Manufacturing Facilities Number ・Standalone data |
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| Revenue from Knitted Garments (as % of Turnover) % ・Standalone data |
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| Revenue from Woven Garments (as % of Turnover) % ・Standalone data |
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| Number of Hotels Managed Number ・Standalone data |
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| EV Assets Gross Carrying Value Rs. Lacs ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of The SEBI (LODR) Regulations, 2015 ('SEBI LODR Regulations')
1d - Board meeting on May 29, 2026 to approve FY26 audited results and consider final dividend.
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Announcement under Regulation 30 (LODR)-Change in Directorate
2d - Board appointed Nitu Vishwakarma as independent director from May 20, 2026 and reconstituted committees.
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Outcome Of Circular Resolution Passed By The Board On May 20, 2026
2d - Ms. Nitu Vishwakarma appointed Independent Director from May 20, 2026; board committees reconstituted.
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Non Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations, 2015, For The Quarter Ended March 31, 2026
17 Apr - Company states Regulation 23(9) related party disclosure not applicable for quarter ended March 31, 2026.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
17 Apr - Spice Islands confirms non-applicability as Large Corporate as of 31 March 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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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
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Financial Year 2012
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Financial Year 2011
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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