Siddhi Cotspin Ltd
Incorporated in 2015, Siddhi Cotspin is engaged in manufacturing and selling cotton yarns, including value-added and specialty yarns.[1]
- Market Cap ₹ 66.3 Cr.
- Current Price ₹ 27.2
- High / Low ₹ 86.4 / 26.7
- Stock P/E 6.87
- Book Value ₹ 55.8
- Dividend Yield 0.00 %
- ROCE 10.6 %
- ROE 8.94 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 0.49 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 39.0 days to 69.0 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
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 178 | 137 | 402 | 199 | 581 | 725 | 478 | |
| 154 | 113 | 370 | 174 | 546 | 692 | 452 | |
| Operating Profit | 24 | 24 | 33 | 25 | 35 | 33 | 26 |
| OPM % | 13% | 18% | 8% | 13% | 6% | 5% | 5% |
| 1 | 1 | 1 | 1 | 0 | 0 | 0 | |
| Interest | 8 | 9 | 6 | 8 | 8 | 6 | 3 |
| Depreciation | 13 | 13 | 17 | 9 | 9 | 9 | 9 |
| Profit before tax | 4 | 3 | 11 | 9 | 17 | 18 | 13 |
| Tax % | 28% | 28% | 16% | 31% | 30% | 26% | 28% |
| 3 | 2 | 9 | 6 | 12 | 13 | 10 | |
| EPS in Rs | 6.70 | 5.97 | 21.72 | 14.73 | 6.26 | 6.72 | 3.95 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 34% |
| TTM: | -34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 17% |
| TTM: | -26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 14% |
| Last Year: | 9% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 19 | 19 | 24 |
| Reserves | 34 | 37 | 46 | 50 | 47 | 60 | 112 |
| 132 | 134 | 139 | 114 | 91 | 67 | 27 | |
| 18 | 9 | 12 | 15 | 24 | 36 | 13 | |
| Total Liabilities | 188 | 184 | 201 | 184 | 181 | 183 | 177 |
| 109 | 99 | 83 | 76 | 67 | 58 | 50 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 17 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 79 | 85 | 119 | 108 | 114 | 125 | 110 | |
| Total Assets | 188 | 184 | 201 | 184 | 181 | 183 | 177 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 18 | 14 | 26 | 28 | 19 | 29 | 16 | |
| 0 | -2 | -4 | -1 | -0 | 0 | -18 | |
| -17 | -11 | -2 | -33 | -32 | -29 | 4 | |
| Net Cash Flow | 1 | 1 | 20 | -5 | -13 | -0 | 2 |
| Free Cash Flow | 17 | 12 | 25 | 26 | 18 | 29 | -3 |
| CFO/OP | 72% | 57% | 73% | 116% | 72% | 102% | 80% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 80 | 83 | 39 | 88 | 44 | 31 | 38 |
| Inventory Days | 46 | 72 | 31 | 51 | 16 | 28 | 39 |
| Days Payable | 33 | 11 | 4 | 19 | 9 | 14 | 4 |
| Cash Conversion Cycle | 92 | 144 | 67 | 120 | 51 | 44 | 74 |
| Working Capital Days | 48 | 89 | 49 | 66 | 25 | 23 | 69 |
| ROCE % | 7% | 9% | 9% | 16% | 16% | 11% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Number of Spindles Number |
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| Actual Production - Cotton Yarn Kgs |
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| Actual Production - Value Addition Yarn Kgs |
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| Capacity Utilization - Cotton Yarn % |
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| Capacity Utilization - Value Addition Yarn % |
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| Installed Capacity - Cotton Yarn Kgs |
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| Installed Capacity - Value Addition Yarn Kgs |
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| Domestic Sales Mix % |
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| Net Fixed Asset Turnover times |
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| Employee Count Number |
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| Revenue Concentration - Top 10 Customers % |
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Extracted by Screener AI
Documents
Announcements
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Outcome of Board Meeting
28 May 2026 - Board approved FY26 audited results, noted full IPO utilisation, and reappointed internal, cost and secretarial auditors.
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Structural Digital Database
22 May 2026 - Submitted FY26 SDD compliance certificate under PIT regulations; no non-compliance reported.
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Disclosure under SEBI Takeover Regulations
10 April 2026 - Promoter Aansh Bindal declared no share encumbrance for FY ended 31 March 2026.
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Disclosure under SEBI Takeover Regulations
6 April 2026 - Navin Saraogi has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
3 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; shares held entirely in demat form.
Business Profile[1]
The company is engaged in manufacturing and selling cotton yarns, including value-added and specialty variants. It operates a spinning project at Dholi Integrated Spinning Park, Dholka (Ahmedabad, Gujarat), with an installed capacity of 29,376 spindles.