Shine Fashions (India) Ltd
Incorporated in 2019, Shine Fashions
Ltd deals in interlining fabrics and textile
raw materials.[1]
- Market Cap ₹ 59.1 Cr.
- Current Price ₹ 22.0
- High / Low ₹ 66.0 / 18.0
- Stock P/E 6.16
- Book Value ₹ 11.8
- Dividend Yield 0.07 %
- ROCE 31.1 %
- ROE 35.0 %
- Face Value ₹ 5.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.2%
- Promoter holding has increased by 2.27% over last quarter.
Cons
- Company might be capitalizing the interest cost
- Company has high debtors of 173 days.
- Promoter holding has decreased over last 3 years: -4.00%
* 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 Textiles Textiles & Apparels Other Textile Products
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 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 7.91 | 6.88 | 12.08 | 19.94 | 52.89 | 80.45 | 99.33 | |
| 7.49 | 6.64 | 11.59 | 18.93 | 47.68 | 71.04 | 87.16 | |
| Operating Profit | 0.42 | 0.24 | 0.49 | 1.01 | 5.21 | 9.41 | 12.17 |
| OPM % | 5.31% | 3.49% | 4.06% | 5.07% | 9.85% | 11.70% | 12.25% |
| 0.05 | 0.05 | 0.12 | 0.13 | 0.04 | 0.07 | -7.15 | |
| Interest | 0.00 | 0.02 | 0.07 | 0.07 | 0.05 | 0.14 | 0.87 |
| Depreciation | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| Profit before tax | 0.47 | 0.26 | 0.53 | 1.06 | 5.19 | 9.32 | 4.13 |
| Tax % | 25.53% | 11.54% | 26.42% | 25.47% | 25.24% | 25.21% | 25.18% |
| 0.34 | 0.23 | 0.39 | 0.79 | 3.88 | 6.97 | 3.09 | |
| EPS in Rs | 0.21 | 0.10 | 0.17 | 0.35 | 1.73 | 2.89 | 1.15 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.54% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 71% |
| 3 Years: | 71% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 111% |
| 3 Years: | 130% |
| TTM: | 38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 56% |
| 1 Year: | -60% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 39% |
| Last Year: | 35% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 1.00 | 1.40 | 1.40 | 1.40 | 1.40 | 1.50 | 13.43 |
| Reserves | 2.33 | 3.60 | 4.00 | 4.79 | 8.67 | 21.69 | 18.25 |
| 0.00 | 0.71 | 0.54 | 1.86 | 0.81 | 5.72 | 20.02 | |
| 0.92 | 0.41 | 1.07 | 3.86 | 16.46 | 28.85 | 61.51 | |
| Total Liabilities | 4.25 | 6.12 | 7.01 | 11.91 | 27.34 | 57.76 | 113.21 |
| 0.04 | 0.04 | 0.03 | 0.02 | 0.06 | 0.06 | 0.07 | |
| CWIP | 0.00 | 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 | 0.01 |
| 4.21 | 6.08 | 6.97 | 11.88 | 27.27 | 57.69 | 113.13 | |
| Total Assets | 4.25 | 6.12 | 7.01 | 11.91 | 27.34 | 57.76 | 113.21 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 0.01 | -2.24 | 0.41 | -1.17 | 1.03 | 1.91 | -24.40 | |
| 0.03 | 0.00 | -0.18 | -0.01 | -0.03 | -0.02 | -0.02 | |
| 0.01 | 2.24 | -0.23 | 1.24 | -1.08 | 11.04 | 18.87 | |
| Net Cash Flow | 0.04 | 0.00 | 0.00 | 0.07 | -0.09 | 12.92 | -5.56 |
| Free Cash Flow | 0.01 | -2.24 | 0.41 | -1.17 | 0.98 | 1.89 | -24.42 |
| CFO/OP | 2% | -892% | 96% | -97% | 25% | 34% | -181% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 154.58 | 279.06 | 176.46 | 188.54 | 121.05 | 120.46 | 173.37 |
| Inventory Days | 20.50 | 21.57 | 12.57 | 18.80 | 51.67 | 62.84 | 123.14 |
| Days Payable | 31.50 | 15.16 | 27.47 | 76.50 | 121.35 | 140.98 | 232.90 |
| Cash Conversion Cycle | 143.58 | 285.47 | 161.57 | 130.84 | 51.37 | 42.31 | 63.61 |
| Working Capital Days | 150.43 | 259.96 | 154.70 | 107.27 | 67.63 | 45.42 | 88.34 |
| ROCE % | 6.19% | 10.30% | 16.15% | 55.36% | 47.55% | 31.14% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Manufacturing Units numbers |
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| Number of Permanent Employees (Standalone) numbers |
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| Value of Imports (CIF basis) INR Lakhs |
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| Debtors Turnover Ratio ratio |
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| Total Personnel (Group) numbers |
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Extracted by Screener AI
Documents
Announcements
-
Revised Financial Statement For The Financial And Half Year Ended 31.03.2026
30 May - Revised audited standalone and consolidated results for year ended 31 March 2026, including Rs 7.55 crore exceptional expense.
-
Announcement under Regulation 30 (LODR)-Change in Management
30 May - M/s H.M. Sheth and Associates re-appointed as internal auditor for FY 2026-27 from May 30, 2026.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 May - FY26 revenue rose to ₹101.99 crore; EBITDA up 29.85%; ₹7.55 crore investment and ₹35 crore fundraising approved.
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Audited Standalone And Consolidated Financial Results For The Half Year And Year Ended 31.03.2026
30 May - Audited standalone and consolidated FY26 results approved; Rs 7.55 crore market study expense caused losses.
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Board Meeting Outcome for Outcome Of The Board Meeting Of The Company Held On May 30Th, 2026
30 May - Board approved FY26 audited results, fund raise up to Rs35 Cr, and reappointed internal auditor on 30 May 2026.
Business Overview:[1]
SFL is an ISO 9001, ISO 14001, ISO
15001, OHSAS 18001, EMAS, REACH,
Oeko-Tex manufacturer of comprehensive
range of interlining solutions, such as waterjet interlinings for women's wear, non-texturized
and waistband interlinings for menswear,
stable and washable interlinings for durable
shirt applications, canvas & fused interlinings
for outer wear, water-soluble interlinings for delicate embroidery and prefabricated products for tapes and chest pieces.