Shyam Dhani Industries Ltd
Incorporated in the year 2010, Shyam Dhani Industries Limited is engaged in the manufacturing and processing of over 163 type/varieties of spices such as Ground Spices, Blend Spices and Whole Spices under the brand name “SHYAM”. In addition to spices offerings, it also engaged in trading and distribution of Grocery Products.
- Market Cap ₹ 128 Cr.
- Current Price ₹ 62.0
- High / Low ₹ 140 / 47.0
- Stock P/E 15.0
- Book Value ₹ 33.2
- Dividend Yield 0.00 %
- ROCE 17.0 %
- ROE 18.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 90.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 46.4 days to 92.0 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
Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Other Food Products
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 35 | 44 | 68 | 108 | 125 | 146 | |
| 33 | 42 | 62 | 97 | 110 | 129 | |
| Operating Profit | 2 | 2 | 6 | 11 | 15 | 16 |
| OPM % | 5% | 5% | 9% | 10% | 12% | 11% |
| 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 1 | 1 | 1 | 2 | 3 | 4 |
| Depreciation | 1 | 0 | 1 | 1 | 1 | 2 |
| Profit before tax | 0 | 1 | 4 | 8 | 11 | 11 |
| Tax % | 25% | 38% | 31% | 25% | 25% | 25% |
| 0 | 0 | 3 | 6 | 8 | 9 | |
| EPS in Rs | 2.10 | 2.97 | 25.52 | 55.07 | 5.41 | 4.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 29% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 91% |
| 3 Years: | 43% |
| TTM: | 6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 1 | 1 | 15 | 21 |
| Reserves | 4 | 4 | 8 | 14 | 9 | 48 |
| 11 | 13 | 13 | 24 | 47 | 36 | |
| 2 | 5 | 6 | 13 | 12 | 14 | |
| Total Liabilities | 18 | 23 | 28 | 53 | 82 | 118 |
| 0 | 0 | 8 | 12 | 27 | 26 | |
| CWIP | 0 | 0 | 2 | 2 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 18 | 23 | 17 | 38 | 55 | 92 | |
| Total Assets | 18 | 23 | 28 | 53 | 82 | 118 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0 | 0 | 3 | -5 | -6 | -8 | |
| 0 | 0 | -3 | -4 | -14 | -13 | |
| 0 | 0 | -1 | 10 | 20 | 22 | |
| Net Cash Flow | 0 | 0 | -0 | 0 | 0 | -0 |
| Free Cash Flow | 0 | 0 | 0 | -10 | -20 | -10 |
| CFO/OP | 0% | 0% | 58% | -30% | -22% | -35% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 28 | 23 | 21 | 19 | 25 | 32 |
| Inventory Days | 86 | 114 | 77 | 128 | 163 | 191 |
| Days Payable | 23 | 42 | 22 | 44 | 25 | 31 |
| Cash Conversion Cycle | 91 | 95 | 76 | 103 | 163 | 193 |
| Working Capital Days | 82 | 87 | 19 | 27 | 20 | 92 |
| ROCE % | 9% | 33% | 24% | 17% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Customers Served count |
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| Ground Spices Volume Share % |
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| Modern Trade Revenue Share % |
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| Number of Product Offerings count |
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| Overall Capacity Utilization % |
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| Total Installed Capacity MT |
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| Total Sales Volume MT |
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| Wholesalers and Distributors in General Trade Network count |
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Extracted by Screener AI
Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
9 July 2026 - Regulation 74(5) certificate filed for quarter ended June 30, 2026; shares fully held in demat form.
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Disclosure under SEBI Takeover Regulations
6 July 2026 - Promoters disclosed no encumbrance on shares during FY ended 31 March 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
3 July 2026 - Management held virtual analyst/investor meet on July 3, 2026; no UPSI shared.
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Analysts/Institutional Investor Meet/Con. Call Updates
30 June 2026 - Management to hold virtual analyst/investor meeting on July 03, 2026 at 11:00 A.M.
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Clarification - Financial Results
25 June 2026 - Exchange has sought clarification from Shyam Dhani Industries Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …
Business Profile[1]
The company manufactures and processes 164 varieties of spices (ground, blended and whole) under the brand “SHYAM”, along with trading of grocery items and herbs/seasonings. It operates through B2B (General Trade, Modern Trade, Quick Commerce, HoReCa, Private Label, Exports) and D2C (website) channels.