Shanti Spintex Ltd
Incorporated in 2010, Shanti Spintex Ltd
is in the business of manufacturing & trading of denim textile products[1]
- Market Cap ₹ 109 Cr.
- Current Price ₹ 64.6
- High / Low ₹ 87.0 / 50.5
- Stock P/E 10.7
- Book Value ₹ 57.3
- Dividend Yield 0.00 %
- ROCE 14.0 %
- ROE 11.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.13 times its book value
- Debtor days have improved from 55.5 to 35.3 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 86 | 113 | 255 | 370 | 506 | 710 | |
| 80 | 101 | 243 | 349 | 481 | 690 | |
| Operating Profit | 6 | 11 | 12 | 22 | 25 | 20 |
| OPM % | 8% | 10% | 5% | 6% | 5% | 3% |
| 4 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 2 | 3 | 2 | 3 | 3 | 2 |
| Depreciation | 7 | 4 | 4 | 5 | 5 | 5 |
| Profit before tax | 2 | 5 | 6 | 14 | 18 | 14 |
| Tax % | -187% | 28% | 16% | 28% | 27% | 25% |
| 5 | 3 | 5 | 10 | 13 | 10 | |
| EPS in Rs | 6.59 | 4.76 | 6.86 | 14.27 | 7.71 | 6.04 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 52% |
| 3 Years: | 41% |
| TTM: | 40% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 28% |
| TTM: | -17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 3% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 15% |
| Last Year: | 11% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 17 | 17 | |
| Reserves | 28 | 39 | 49 | 70 | 80 | |
| 39 | 49 | 42 | 22 | 14 | ||
| 27 | 41 | 78 | 85 | 67 | ||
| Total Liabilities | 102 | 136 | 176 | 194 | 177 | |
| 54 | 53 | 64 | 67 | 63 | ||
| CWIP | 0 | 0 | 0 | 0 | 0 | |
| Investments | 2 | 2 | 2 | 0 | 1 | |
| 46 | 81 | 110 | 127 | 113 | ||
| Total Assets | 102 | 136 | 176 | 194 | 177 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 8 | 3 | 5 | 17 | 7 | 0 | |
| 3 | 0 | -0 | -15 | -5 | 0 | |
| -11 | 1 | -8 | -1 | -2 | 0 | |
| Net Cash Flow | -0 | 4 | -3 | 2 | 0 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 105 | 74 | 67 | 65 | 35 | |
| Inventory Days | 25 | 11 | 21 | 15 | 12 | |
| Days Payable | 141 | 56 | 76 | 57 | 29 | |
| Cash Conversion Cycle | -11 | 29 | 12 | 23 | 18 | |
| Working Capital Days | 56 | 45 | 32 | 32 | 24 | |
| ROCE % | 18% | 19% | 14% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
15 May - Transcript of the earning call as held on 09.05.2025. please take the same on records.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
9 May - Audio recording of the Earning conference Call as held on 09.05.2025 at 4:00 P.M
-
Declaration Pursuant To Regulation 33(3)(D) Of SEBI (LODR) Regulations, 2015 - Unmodified Audit Report
9 May - Unmodified audit report issued for FY 2024-25 standalone financial results by Shanti Spintex auditors.
-
: Intimation Under Regulation 23 Of SEBI (LODR) Regulations, 2015 - Approval Of Related Party Transaction
9 May - Approved acquisition of 100% shares of Teesta Spintex at Rs.15 per share, making it a subsidiary.
-
Announcement under Regulation 30 (LODR)-Updates on Acquisition
9 May - Shanti Spintex acquires 100% of Teesta Spintex for Rs.4.05 Cr, making it a wholly-owned subsidiary.
Annual reports
Concalls
-
May 2025Transcript PPT
-
May 2024TranscriptNotesPPT
Business Overview:[1]
SSL manufactures denim fabrics, offering 6 types in 6 shades, sold to manufacturers, wholesalers, and traders across Gujarat. The company also operates a wind farm and a rooftop solar plant.