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 ₹ 56.2 Cr.
- Current Price ₹ 99.4
- High / Low ₹ 106 / 38.4
- Stock P/E 14.5
- 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| May 2020 | |
|---|---|
| Bank limit utilisation % |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Change in Management
- Shining Tools appointed M/s. Sachin Thakkar and Associates as Secretarial Auditor for FY 2025-26.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Secured first-ever export order from YIWU KAIPAN for 1,708 machinery units worth USD 95,292, to ship in 15 days.
-
Announcement Under Regulation 30 Of SEBI (LODR) Regarding Incorporation Of Subsidiary Company.
- Board approved SHINVI TOOLS LIMITED subsidiary on 10 Aug 2025 for machinery and hand tools manufacturing.
-
Announcement under Regulation 30 (LODR)-Resignation of Director
- Abhishek Arvindbhai Dobaria resigned as CFO and Executive Director effective 4 August 2026.
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
- Abhishek Arvindbhai Dobaria resigned as CFO and Executive Director, effective 4 August 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.