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 ₹ 100 Cr.
- Current Price ₹ 178
- High / Low ₹ 178 / 38.4
- Stock P/E 25.8
- Book Value ₹ 45.7
- Dividend Yield 0.00 %
- ROCE 22.7 %
- 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 | 11.54 | |
| Operating Profit | 2.07 | 1.87 | 1.82 | 4.22 | 6.42 | 6.75 |
| OPM % | 26.01% | 18.57% | 17.64% | 40.08% | 43.58% | 36.91% |
| 0.01 | 0.03 | 0.14 | 0.07 | 0.04 | 0.41 | |
| Interest | 1.16 | 1.11 | 1.13 | 0.92 | 0.98 | 0.92 |
| 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 | 8.19 | 6.30 | |
| 4.25 | 5.62 | 5.36 | 4.04 | 3.49 | 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 | 1.03 | |
| -1.82 | -0.40 | -0.09 | -1.40 | -2.95 | -12.05 | |
| -2.23 | -1.89 | -2.14 | -1.78 | 1.49 | 11.25 | |
| 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 | -11.04 |
| 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% | 28.35% | 22.71% |
Insights
In beta| May 2020 | |
|---|---|
| Bank limit utilisation % |
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Extracted by Screener AI
Documents
Announcements
- Closure of Trading Window
-
Clarification On Price Movement With Reference To Your Communication Via Email Dated 18Th September, 2026
- Shining Tools clarifies share price movement is market-driven; no undisclosed information pending.
-
Clarification sought from Shining Tools Ltd
- Exchange has sought clarification from Shining Tools Ltd on September 18, 2026 with reference to significant movement in price, in order to ensure that investors …
-
Announcement under Regulation 30 (LODR)-Acquisition
- Shining Tools incorporated Shinvi Tools Limited subsidiary on 10 Sep 2026, holding 55% for ₹55,000.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Intimation of Newspaper Publication for Notice of 13th Annual General Meeting to be held on 30th September, 2026
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.