Shining Tools Ltd
Incorporated in May 2013, Shining Tools Limited designs and manufactures high-performance solid carbide cutting tools for various industries in India.[1]
- Market Cap ₹ 42.9 Cr.
- Current Price ₹ 75.9
- High / Low ₹ 104 / 38.4
- Stock P/E 11.0
- Book Value ₹ 45.7
- Dividend Yield 0.00 %
- ROCE 22.4 %
- ROE 23.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.9%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 140 days to 262 days
* 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 7.96 | 10.07 | 10.32 | 10.53 | 14.73 | 18.29 | |
| 5.89 | 8.20 | 8.50 | 6.31 | 8.31 | 11.62 | |
| Operating Profit | 2.07 | 1.87 | 1.82 | 4.22 | 6.42 | 6.67 |
| OPM % | 26.01% | 18.57% | 17.64% | 40.08% | 43.58% | 36.47% |
| 0.01 | 0.03 | 0.14 | 0.07 | 0.04 | 0.41 | |
| Interest | 1.16 | 1.11 | 1.13 | 0.92 | 0.98 | 0.84 |
| Depreciation | 0.84 | 1.04 | 0.93 | 0.74 | 2.46 | 1.67 |
| Profit before tax | 0.08 | -0.25 | -0.10 | 2.63 | 3.02 | 4.57 |
| Tax % | 37.50% | -20.00% | -30.00% | 25.48% | 40.73% | 15.10% |
| 0.06 | -0.20 | -0.08 | 1.96 | 1.80 | 3.89 | |
| EPS in Rs | 0.30 | -1.00 | -0.40 | 9.80 | 4.33 | 6.87 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 21% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 130% |
| 3 Years: | 256% |
| TTM: | 116% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 29% |
| Last Year: | 23% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2.00 | 2.00 | 2.00 | 2.00 | 4.16 | 5.66 |
| Reserves | 0.41 | 0.10 | 0.02 | 2.50 | 3.83 | 20.20 |
| 11.25 | 10.46 | 9.45 | 7.54 | 8.18 | 6.30 | |
| 4.25 | 5.62 | 5.36 | 4.04 | 3.50 | 3.84 | |
| Total Liabilities | 17.91 | 18.18 | 16.83 | 16.08 | 19.67 | 36.00 |
| 6.88 | 6.11 | 5.27 | 6.61 | 6.78 | 13.59 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.34 | 0.00 |
| Investments | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 10.88 | 12.07 | 11.56 | 9.47 | 12.55 | 22.41 | |
| Total Assets | 17.91 | 18.18 | 16.83 | 16.08 | 19.67 | 36.00 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 4.08 | 2.30 | 2.31 | 3.32 | 1.17 | 1.00 | |
| -1.82 | -0.40 | -0.09 | -1.40 | -2.95 | -12.04 | |
| -2.23 | -1.89 | -2.14 | -1.78 | 1.49 | 11.27 | |
| Net Cash Flow | 0.03 | 0.01 | 0.08 | 0.14 | -0.29 | 0.23 |
| Free Cash Flow | 2.26 | 1.89 | 2.23 | 1.92 | -1.80 | -7.14 |
| CFO/OP | 197% | 123% | 127% | 80% | 39% | 33% |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 164.62 | 145.35 | 134.05 | 82.50 | 126.62 | 134.51 |
| Inventory Days | 1,041.26 | 378.59 | 432.37 | 252.63 | 235.88 | 251.81 |
| Days Payable | 685.21 | 298.02 | 449.51 | 170.67 | 82.56 | 66.68 |
| Cash Conversion Cycle | 520.66 | 225.92 | 116.90 | 164.45 | 279.95 | 319.64 |
| Working Capital Days | 70.16 | 50.02 | 43.86 | 36.05 | 121.17 | 261.83 |
| ROCE % | 6.56% | 8.49% | 30.20% | 28.36% | 22.39% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | |
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| Adjusted Debt/Adjusted Net worth Times |
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| Interest coverage Times |
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| Operating income Rs crore |
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| PAT margins % |
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| Reported profit after tax Rs crore |
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| Gross Current Assets (GCA) Days Days |
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Extracted by Screener AI
Documents
Announcements
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Statement Of Deviation Or Variation In The Utilization Of Funds Raised Under Regulation 32 Of SEBI (LODR) Regulation 2015 For The Financial Year Ended On March 31 2026 Of The Financial Year 2025-26:
30 May - Shining Tools filed FY26 IPO fund utilization statement; no deviation, Rs 17.10 crore raised.
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Outcome Of Board Meeting Held On 30 May 2026 To Consider And Approve The Audited Standalone Financial Results Of The Company For The Quarter And Financial Year Ended On March 31 2026.
30 May - Board approved audited FY2026 standalone results on May 30; IPO proceeds of 1,710 lakh mostly utilised.
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Board Meeting Intimation for Meeting Scheduled To Be Held On Saturday 30Th May 2026 To Consider And Approve The Audited Standalone Financial Results Of The Company For The Year Ended On 31St March 2026
25 May - Board meets 30 May 2026 to approve audited FY2026 standalone results and review IPO proceeds use.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
12 May - Received domestic order from Chandan Process for 50 Brazed Carbide Anvils worth Rs 2.00 crore, to execute in 6 months.
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Shining Tools Limited Has informed Regarding Confirmation On Non-Applicability Of SEBI Circular On Large Corporates Initial Disclosure For FY 2026-27
8 May - Shining Tools says it is not a large corporate; outstanding borrowing was nil on 31 March 2026.
Annual reports
No data available.
Business Profile[1]
Shining Tools Limited designs and manufactures high-performance solid carbide cutting tools and provides reconditioning services for used tools. The tools are used in commercial metal-cutting operations across multiple sectors including automotive, aerospace, engineering, medical, casting, power & energy, agriculture, and general manufacturing.