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 ₹ 59.1 Cr.
- Current Price ₹ 22.0
- High / Low ₹ 66.0 / 20.2
- Stock P/E 6.72
- Book Value ₹ 12.0
- Dividend Yield 0.07 %
- ROCE 46.6 %
- ROE 41.7 %
- Face Value ₹ 5.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.2%
- Company's working capital requirements have reduced from 74.3 days to 46.5 days
Cons
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -29.8%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 6.88 | 12.75 | 21.07 | 54.13 | 81.57 | 91.17 | |
| 6.64 | 12.24 | 19.80 | 48.85 | 72.13 | 79.27 | |
| Operating Profit | 0.24 | 0.51 | 1.27 | 5.28 | 9.44 | 11.90 |
| OPM % | 3.49% | 4.00% | 6.03% | 9.75% | 11.57% | 13.05% |
| 0.05 | 0.12 | 0.13 | 0.06 | 0.07 | 0.11 | |
| Interest | 0.02 | 0.07 | 0.07 | 0.05 | 0.14 | 0.31 |
| Depreciation | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.02 |
| Profit before tax | 0.26 | 0.55 | 1.31 | 5.27 | 9.34 | 11.68 |
| Tax % | 11.54% | 25.45% | 25.19% | 25.24% | 25.16% | |
| 0.23 | 0.41 | 0.97 | 3.94 | 6.99 | 8.73 | |
| EPS in Rs | 0.10 | 0.18 | 0.39 | 1.75 | 2.90 | 3.58 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.54% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 86% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 159% |
| TTM: | 57% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 44% |
| 3 Years: | 65% |
| 1 Year: | -54% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 38% |
| Last Year: | 42% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1.40 | 1.40 | 1.40 | 1.40 | 1.50 | 12.40 |
| Reserves | 3.60 | 4.00 | 4.88 | 8.79 | 21.82 | 17.34 |
| 0.71 | 0.71 | 2.03 | 0.98 | 5.90 | 8.17 | |
| 0.41 | 1.29 | 4.16 | 14.40 | 29.37 | 30.81 | |
| Total Liabilities | 6.12 | 7.40 | 12.47 | 25.57 | 58.59 | 68.72 |
| 0.04 | 0.19 | 0.18 | 0.20 | 0.22 | 0.21 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 6.08 | 7.21 | 12.29 | 25.37 | 58.37 | 68.51 | |
| Total Assets | 6.12 | 7.40 | 12.47 | 25.57 | 58.59 | 68.72 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -2.24 | 0.27 | -1.19 | 1.08 | 1.92 | |
| 0.00 | -0.17 | -0.02 | -0.03 | -0.05 | |
| 2.24 | -0.06 | 1.24 | -1.08 | 11.04 | |
| Net Cash Flow | 0.00 | 0.05 | 0.04 | -0.03 | 12.91 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 279.06 | 172.62 | 178.78 | 118.41 | 119.12 |
| Inventory Days | 21.57 | 13.30 | 25.08 | 53.32 | 64.53 |
| Days Payable | 15.16 | 32.29 | 73.24 | 100.19 | 139.50 |
| Cash Conversion Cycle | 285.47 | 153.63 | 130.62 | 71.54 | 44.14 |
| Working Capital Days | 259.96 | 150.87 | 107.75 | 68.64 | 46.54 |
| ROCE % | 10.48% | 19.00% | 53.98% | 46.63% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Manufacturing Units numbers ・Standalone data |
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| Number of Permanent Employees (Standalone) numbers ・Standalone data |
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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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Documents
Announcements
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Board Meeting Outcome for Outcome Of Board Meeting Held Today, On 10Th March, 2026
10 Mar - Allotment of 124,000 shares at Rs.207; release of 868,000 bonus shares; paid-up capital increased to Rs13,43,20,000.
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Announcement under Regulation 30 (LODR)-Conversion of Securities
10 Mar - Allotment of 124,000 shares at Rs.207 and release of 868,000 bonus shares; effective March 10, 2026.
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Announcement under Regulation 30 (LODR)-Allotment
10 Mar - Allotment of 124,000 shares at Rs.207 and release of 868,000 bonus shares; paid-up capital increased, March 10, 2026.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 For Allotment Of 70,000 Equity Shares Pursuant To Conversion Of Warrants And Release Of Reserved Bonus Shares, Upon Conversion Of The Above Said Warrants Into Equity Shares
6 Mar - Allotment of 70,000 shares to promoter at Rs.207 each; 4,90,000 bonus shares reserved; paid-up capital increased.
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Board Meeting Outcome for Outcome Of Board Meeting Held On 06.03.2026
6 Mar - March 6, 2026: Allotment of 70,000 shares at Rs.207 to promoter Anil Mehta; release of 490,000 bonus shares.
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