Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹59 Cr.
Stock P/E
5.9
P/B
0.6
Current Price
₹34.9
Book Value
₹ 62.6
Face Value
10
52W High
₹75
52W Low
₹ 27.1
Dividend Yield
0%

Shanti Spintex Overview

Business

Shanti Spintex Ltd. is an India-based textile manufacturing company primarily engaged in the production of denim fabric. The company manufactures a wide range of denim fabrics including different shades (indigo, sulfur, coated), patterns (ring, slub, crosshatch), and finishes for various applications in apparel. Their core business model involves sourcing raw materials (cotton yarn), processing it into denim fabric, and supplying it to domestic and international garment manufacturers and brands. The company generates revenue through the sale of these finished denim fabrics.

Revenue Mix

Shanti Spintex Ltd. operates predominantly in a single product segment: the manufacturing and sale of denim fabric. While they offer various types, shades, and blends of denim, their revenue is primarily derived from this core product. Specific revenue contribution breakdowns by fabric type or customer geography are not publicly disclosed in granular detail, but denim forms the overwhelming majority of their operations.

Industry

The Indian textile industry is one of the largest globally, characterized by its fragmented nature with a mix of large integrated players, mid-sized manufacturers, and numerous small-scale units. The denim segment specifically has seen growth, driven by increasing domestic and international demand for denim apparel. Shanti Spintex Ltd. positions itself as a specialized manufacturer of quality denim fabrics, catering to both domestic garment makers and export markets. Compared to large, diversified textile conglomerates, Shanti Spintex operates as a focused player within the denim space.

MOAT

Shanti Spintex's competitive advantages likely stem from:

Operational Efficiency & Cost Competitiveness: Ability to produce quality denim at competitive prices, crucial in the global textile market.

Product Quality & Range: Offering a diverse range of denim fabrics in terms of blends, weaves, and finishes to meet varying customer requirements.

Customer Relationships: Building long-term relationships with domestic and international garment manufacturers through consistent quality and timely delivery.

Experience & Specialization: Focused expertise in denim manufacturing allows for process optimization and product innovation within this niche.

Growth Drivers

Increasing Demand for Denim: Continued global and domestic demand for denim apparel, driven by fashion trends and casualization of wear.

Export Opportunities: Leveraging India's position as a textile manufacturing hub to expand into international markets for denim fabric.

Capacity Expansion: Any future investments in increasing production capacity to meet rising demand.

Product Diversification: Introducing new blends, sustainable denim options, or value-added finishes to cater to evolving market preferences.

Shift from Unorganized to Organized Sector: Potential benefit from consolidation trends in the textile industry.

Risks

Raw Material Price Volatility: Fluctuations in cotton yarn prices can impact profit margins.

Fashion & Consumer Preferences: Rapid shifts in fashion trends can affect demand for specific types of denim fabrics.

Intense Competition: The denim manufacturing segment faces significant competition from both domestic and international players.

Economic Slowdown: A downturn in consumer spending or the global economy can reduce demand for apparel.

Foreign Exchange Fluctuations: For exports, adverse currency movements can impact revenue realization.

Regulatory & Environmental Compliance: Evolving environmental norms and labor regulations in the textile industry.

Management & Ownership

Shanti Spintex Ltd. is promoted by Mr. Dipak Shah, who also serves as the Managing Director, and Mr. Rikin Shah, the Whole-time Director. They have experience in the textile industry. As of public information available post-IPO (if applicable), the promoter group typically holds a significant stake, demonstrating alignment with shareholder interests. The company operates under a board structure with independent directors.

Outlook

Shanti Spintex Ltd. operates in the resilient denim segment of the textile industry, which continues to see consistent demand globally. Its specialization in denim fabric production positions it to capitalize on growth in both domestic and export markets. However, the company faces inherent challenges such as raw material price volatility, intense competition, and the cyclical nature of fashion trends. Its ability to maintain operational efficiency, adapt to changing consumer preferences, and expand its market reach will be crucial for sustained growth. The outlook appears stable, supported by fundamental demand for denim, but subject to broader economic conditions and sector-specific dynamics.

Shanti Spintex Share Price

Live · BSE · Inception: 2010
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Shanti Spintex Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Shanti Spintex Profit & Loss

#(Fig in Cr.) Mar 2026 TTM
Net Sales 704
Other Income 4
Total Income 709
Total Expenditure 688
Operating Profit 20
Interest 3
Depreciation 6
Exceptional Income / Expenses 0
Profit Before Tax 12
Provision for Tax 2
Profit After Tax 10
Adjustments 0
Profit After Adjustments 10
Adjusted Earnings Per Share 5.9

Shanti Spintex Balance Sheet

#(Fig in Cr.) Mar 2026
Shareholder's Funds 106
Minority's Interest 0
Borrowings 10
Other Non-Current Liabilities 10
Total Current Liabilities 105
Total Liabilities 231
Fixed Assets 74
Other Non-Current Assets 2
Total Current Assets 155
Total Assets 231

Shanti Spintex Cash Flow

#(Fig in Cr.) Mar 2026
Opening Cash & Cash Equivalents 0
Cash Flow from Operating Activities 0
Cash Flow from Investing Activities 0
Cash Flow from Financing Activities 0
Net Cash Inflow / Outflow 0
Closing Cash & Cash Equivalent 0

Shanti Spintex Ratios

# Mar 2026
Earnings Per Share (Rs) 5.87
CEPS(Rs) 9.17
DPS(Rs) 0
Book NAV/Share(Rs) 62.62
Core EBITDA Margin(%) 2.28
EBIT Margin(%) 2.11
Pre Tax Margin(%) 1.71
PAT Margin (%) 1.41
Cash Profit Margin (%) 2.2
ROA(%) 4.3
ROE(%) 9.37
ROCE(%) 9.72
Receivable days 59.28
Inventory Days 5.74
Payable days 34.77
PER(x) 8.18
Price/Book(x) 0.77
Dividend Yield(%) 0
EV/Net Sales(x) 0.18
EV/Core EBITDA(x) 6.25
Net Sales Growth(%) 0
EBIT Growth(%) 0
PAT Growth(%) 0
EPS Growth(%) 0
Debt/Equity(x) 0.45
Current Ratio(x) 1.47
Quick Ratio(x) 1.37
Interest Cover(x) 5.28
Total Debt/Mcap(x) 0.58

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR — — — —
Operating Profit CAGR — — — —
PAT CAGR — — — —
Share Price CAGR -43% — — —
ROE Average +9% +9% +9% +9%
ROCE Average +10% +10% +10% +10%

Shanti Spintex Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 73.57 %
FII 0 %
DII (MF + Insurance) 0.53 %
Public (retail) 25.9 %
# Dec 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026 Sep 2026
Promoter 73.5773.5773.5773.5773.7273.5773.57
FII 1.870.9400000
DII 4.892.40.720.650.590.590.53
Public 19.6723.0925.7125.7825.6825.8425.9
Others 0000000
Total 100100100100100100100

Shanti Spintex Peer Comparison

Shanti Spintex Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

Shanti Spintex Pros & Cons

Pros

  • Stock is trading at 0.6 times its book value
  • Debtor days have improved from 34.77 to days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 9% over the last 3 years.
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