Spinaroo Commercial Ltd
Incorporated in 2012, Spinaroo Commercial Ltd manufactures aluminium and paper products, and deals in machineries.[1]
- Market Cap ₹ 44.4 Cr.
- Current Price ₹ 63.4
- High / Low ₹ 83.8 / 26.6
- Stock P/E 35.2
- Book Value ₹ 24.0
- Dividend Yield 0.00 %
- ROCE 18.6 %
- 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 | 36.36 | 35.17 | |
| Operating Profit | 2.25 | 2.20 | 2.66 | 2.95 | 2.50 |
| OPM % | 4.74% | 4.14% | 6.51% | 7.50% | 6.64% |
| 0.13 | 0.07 | 0.38 | 0.02 | 0.03 | |
| Interest | 0.81 | 0.78 | 0.75 | 0.71 | 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: | 31% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| 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 | 5.13 | 4.95 | 3.53 | |
| Total Liabilities | 17.82 | 19.47 | 18.68 | 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 | 0.41 | 0.43 | 1.96 |
| 14.73 | 16.78 | 16.50 | 18.16 | 23.36 | |
| Total Assets | 17.82 | 19.47 | 18.68 | 20.21 | 27.04 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 1.23 | 1.81 | -0.64 | -0.47 | |
| -0.33 | -0.11 | 0.74 | -0.13 | |
| -1.26 | -1.33 | -0.15 | 0.60 | |
| 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 | 119.09 | 141.71 |
| Days Payable | 34.21 | 41.53 | 41.27 | 44.73 |
| Cash Conversion Cycle | 67.98 | 66.37 | 111.43 | 132.64 |
| Working Capital Days | 10.00 | 17.18 | 34.68 | 49.86 |
| ROCE % | 13.66% | 17.81% | 18.60% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Capacity Utilization - Aluminium Container & Home Foil % |
|
|||
| Capacity Utilization - Paper Cup % |
||||
| Capacity Utilization - Paper Plate & Bowl % |
||||
| Total Installed Capacity - Aluminium Container & Home Foil MTPA |
||||
| Total Installed Capacity - Flexo Printing Machine MTPA |
||||
| Total Installed Capacity - Paper Cup MTPA |
||||
| Total Installed Capacity - Paper Plate & Bowl MTPA |
||||
| Number of Paper Cup Machines Number |
||||
| Number of Paper Plate & Bowl Machines Number |
||||
| Number of States of Operations Number |
||||
| Total Employees Number |
||||
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in RTA
11 Mar - Tripartite agreement executed 10 March 2026 for RTA change from Cameo to Niche Technologies.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
11 Mar - EGM 11-Mar-2026 approved authorised capital increase and preferential equity issue via share-swap acquisition.
- Shareholder Meeting / Postal Ballot-Outcome of EGM 11 Mar
-
Corrigendum I To The Notice Of Extraordinary General Meeting
4 Mar - Corrigendum: EGM on 11 Mar 2026; relevant date Feb 9; acquire 7,89,000 Spino Poly shares via preferential allotment.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Feb
Business Overview:[1][2]
a) Products:
SCL is a manufacturer of Aluminium Foil Container, Aluminium Home Foil, Paper Bowls, Paper Plates, Paper Cup, Semi-Processed Raw Material for the Paper Cups viz. paper coating, printing, blanking, etc.
b) Machineries:
The company also deals in a wide range of Paper Cup related Machinery like High-Speed Paper Cup Making Machine, Flex-
Printing Machine, Automatic Roll Die Cutting Machine etc. Coating Machine, Slitting Machine, with full end to end support.