Shine Fashions (India) Ltd
Incorporated in 2019, Shine Fashions Ltd is in the business of import and trading of various types of fabrics and textile raw materials[1]
- Market Cap ₹ 93.8 Cr.
- Current Price ₹ 321
- High / Low ₹ 449 / 0.00
- Stock P/E 17.0
- Book Value ₹ 57.5
- Dividend Yield 0.00 %
- ROCE 55.4 %
- ROE 47.7 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.5%
- Debtor days have improved from 162 to 121 days.
- Company's working capital requirements have reduced from 129 days to 73.2 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.94%
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 7.91 | 6.88 | 12.08 | 19.94 | 52.89 | 67.10 | |
| 7.49 | 6.64 | 11.59 | 18.93 | 47.68 | 59.24 | |
| Operating Profit | 0.42 | 0.24 | 0.49 | 1.01 | 5.21 | 7.86 |
| OPM % | 5.31% | 3.49% | 4.06% | 5.07% | 9.85% | 11.71% |
| 0.05 | 0.05 | 0.12 | 0.13 | 0.04 | 0.03 | |
| Interest | 0.00 | 0.02 | 0.07 | 0.07 | 0.05 | 0.49 |
| Depreciation | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Profit before tax | 0.47 | 0.26 | 0.53 | 1.06 | 5.19 | 7.38 |
| Tax % | 25.53% | 11.54% | 26.42% | 25.47% | 25.24% | |
| 0.34 | 0.23 | 0.39 | 0.79 | 3.88 | 5.53 | |
| EPS in Rs | 1.70 | 0.82 | 1.39 | 2.82 | 13.87 | 19.76 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 97% |
| TTM: | 116% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 156% |
| TTM: | 145% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 76% |
| 1 Year: | 78% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 26% |
| Last Year: | 48% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1.00 | 1.40 | 1.40 | 1.40 | 1.40 | 1.40 |
| Reserves | 2.33 | 3.60 | 4.00 | 4.79 | 8.67 | 14.70 |
| 0.00 | 0.71 | 0.54 | 1.86 | 0.81 | 0.25 | |
| 0.92 | 0.41 | 1.07 | 3.86 | 16.46 | 28.51 | |
| Total Liabilities | 4.25 | 6.12 | 7.01 | 11.91 | 27.34 | 44.86 |
| 0.04 | 0.04 | 0.03 | 0.02 | 0.06 | 0.06 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| 4.21 | 6.08 | 6.97 | 11.88 | 27.27 | 44.79 | |
| Total Assets | 4.25 | 6.12 | 7.01 | 11.91 | 27.34 | 44.86 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 0.01 | -2.24 | 0.41 | -1.17 | 1.03 | |
| 0.03 | 0.00 | -0.18 | -0.01 | -0.03 | |
| 0.01 | 2.24 | -0.23 | 1.24 | -1.08 | |
| Net Cash Flow | 0.04 | 0.00 | 0.00 | 0.07 | -0.09 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 154.58 | 279.06 | 176.46 | 188.54 | 121.05 |
| Inventory Days | 20.50 | 21.57 | 12.57 | 18.80 | 51.67 |
| Days Payable | 31.50 | 15.16 | 27.47 | 76.50 | 121.35 |
| Cash Conversion Cycle | 143.58 | 285.47 | 161.57 | 130.84 | 51.37 |
| Working Capital Days | 150.43 | 297.62 | 171.02 | 141.31 | 73.22 |
| ROCE % | 6.19% | 10.30% | 16.15% | 55.36% |
Documents
Announcements
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Board Meeting Intimation for Meeting Of The Board Of The Company To Be Held On Tuesday, May 6Th, 2025 At The Registered Office Of The Company Situated At 912, 9Th Floor, Runwal R - Square, LBS Road, Opp. Veena Nagar, Mulund West, Mumbai, Maharashtra, India, 400080
28 Apr - Board meeting on May 6 to approve FY25 results, bonus shares, dividend, and appoint Non-Executive Chairman.
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Declaration As Regards To Not Being A ''Large Corporate''
28 Apr - Shine Fashions confirms it is not a Large Corporate under SEBI norms, borrowings below Rs. 100 crore.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
21 Apr - Shine Fashions confirms it is not a Large Corporate under SEBI norms as of March 31, 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Compliance certificate under SEBI regulations for Q1 2025.
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Intimation For Grant Of Listing Approval Letter From The Bombay Stock Exchange For Listing Of 1,20,000 Equity Shares Of Rs. 5/- Each Issued At The Premium Of Rs. 202/- Each Issued To Non-Promoters On Preferential Basis Pursuant To Conversion Of Warrants
5 Apr - Listing approval for 1,20,000 equity shares received.
Business Overview:[1][2]
Company does importing, supplying and trading of non-interlinking fabrics, woven fusible interlinings, microdot fusible interlinings. Company took over the business of proprietorship firm AM Fabrics on 30th September, 2019