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 ₹ 131 Cr.
- Current Price ₹ 63.4
- High / Low ₹ 140 / 47.0
- Stock P/E 15.3
- 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 | |
|---|---|---|---|
| Capacity Utilization - Blended Spices % |
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| Capacity Utilization - Ground Spices % |
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| Installed Capacity - Blended Spices MT |
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| Installed Capacity - Ground Spices MT |
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| Inventory Holding Period days |
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| Net Fixed Asset Turnover times |
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| Number of Product Offerings (SKUs) count |
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| Revenue Share - Modern Trade % |
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| Total Customers Served count |
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| Total Sales Volume MT |
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| Wholesalers/Distributors (General Trade) count |
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| Raw Material Conversion Rate (Yield) % |
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Extracted by Screener AI
Documents
Announcements
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Press Release
29 May 2026 - Shyam Dhani Industries reported H2/FY26 audited results; FY26 income ₹14,621.88 lakh, PAT ₹853.70 lakh.
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Updates
27 May 2026 - Shyam Dhani Industries updates KMP list and contact details under Regulation 30(5).
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Updates
27 May 2026 - Board extended unutilized IPO proceeds utilization deadline to March 31, 2027; no change in issue objects.
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Statement of deviation(s) or variation(s) under Reg. 32
27 May 2026 - No deviation in IPO proceeds utilization for half year ended March 31, 2026; Rs 2,547.96 lakh utilized.
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Outcome of Board Meeting
27 May 2026 - Board approved FY26 audited results; auditor issued unmodified opinion; IPO proceeds utilization disclosed.
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.