Spinaroo Commercial Ltd
Incorporated in 2012, Spinaroo Commercial Limited is engaged in the manufacturing of aluminum foil containers, aluminum home foil, paper cups, paper plates, paper bowls, and other semi-processed materials[1]
- Market Cap ₹ 31.5 Cr.
- Current Price ₹ 45.0
- High / Low ₹ 83.8 / 44.9
- Stock P/E 25.0
- Book Value ₹ 24.0
- Dividend Yield 0.00 %
- ROCE 18.5 %
- ROE 21.3 %
- Face Value ₹ 10.0
Pros
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
Commodities Forest Materials Paper, Forest & Jute Products Paper & Paper Products
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 47.43 | 53.12 | 40.84 | 39.31 | 37.67 | |
| 45.18 | 50.92 | 38.18 | 36.37 | 35.17 | |
| Operating Profit | 2.25 | 2.20 | 2.66 | 2.94 | 2.50 |
| OPM % | 4.74% | 4.14% | 6.51% | 7.48% | 6.64% |
| 0.13 | 0.07 | 0.38 | 0.02 | 0.03 | |
| Interest | 0.81 | 0.78 | 0.75 | 0.70 | 0.50 |
| Depreciation | 0.64 | 0.51 | 0.43 | 0.29 | 0.29 |
| Profit before tax | 0.93 | 0.98 | 1.86 | 1.97 | 1.74 |
| Tax % | 44.09% | 5.10% | 24.73% | 26.90% | |
| 0.52 | 0.93 | 1.40 | 1.44 | 1.26 | |
| EPS in Rs | 5.20 | 9.30 | 14.00 | 2.88 | 2.27 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -6% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 43% |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 22% |
| Last Year: | 21% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 1.00 | 1.00 | 1.00 | 5.00 | 6.99 |
| Reserves | 2.70 | 3.63 | 5.03 | 2.47 | 9.76 |
| 9.00 | 8.44 | 7.52 | 7.79 | 6.76 | |
| 5.12 | 6.40 | 5.51 | 4.95 | 3.53 | |
| Total Liabilities | 17.82 | 19.47 | 19.06 | 20.21 | 27.04 |
| 2.85 | 2.45 | 1.77 | 1.62 | 1.72 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.24 | 0.24 | 0.09 | 0.43 | 1.96 |
| 14.73 | 16.78 | 17.20 | 18.16 | 23.36 | |
| Total Assets | 17.82 | 19.47 | 19.06 | 20.21 | 27.04 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 1.23 | 1.81 | 0.86 | 0.93 | |
| -0.33 | -0.11 | 0.74 | -0.13 | |
| -1.26 | -1.33 | -1.65 | -0.81 | |
| Net Cash Flow | -0.36 | 0.37 | -0.05 | 0.00 |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 29.63 | 31.88 | 33.60 | 35.66 |
| Inventory Days | 72.56 | 76.02 | 118.99 | 141.71 |
| Days Payable | 34.21 | 41.53 | 44.23 | 44.73 |
| Cash Conversion Cycle | 67.98 | 66.37 | 108.36 | 132.64 |
| Working Capital Days | 10.00 | 17.18 | 34.68 | 49.86 |
| ROCE % | 13.66% | 17.05% | 18.54% |
Documents
Announcements
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Statement Of Deviation Or Variation In Utilization Of Funds Raised Under Regulation 32 Of SEBI (LODR) Regulation, 2015 For Half Year Ended September 30, 2025
11 Nov - IPO proceeds Rs101,694,000 raised 03-04-2025; no deviation; Rs71,284,000 working capital, Rs20,000,000 corporate.
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Results For Half Year Ended 30.09.2025
11 Nov - Approved unaudited standalone half-year financial results for period ended 30 Sep 2025; limited review report attached.
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Board Meeting Outcome for Board Meeting Outcome For Outcome Of Board Meeting Held On 11Th November, 2025
11 Nov - Approved standalone H1 results for 30 Sep 2025; share capital ₹699.40L, total assets ₹2,704.19L, limited review attached.
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Board Meeting Intimation for Intimation Under Regulation 29 Of SEBI (LODR), Regulations, 2015 - Notice Of Board Meeting
7 Nov - Board meeting 11 Nov 2025 to approve H1 results (30 Sep 2025); trading window closed until 13 Nov 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Oct - Regulation 74(5) certificate for quarter ended 30 Sep 2025 confirming dematerialisation; RTA: Niche Technologies.
Business Profile[1]
Spinaroo Commercial Limited is a manufacturing company specializing in aluminium and paper-based disposable packaging products