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Shanti Spintex Overview

Incoporated in 2010, Shanti Spintex Limited is a leader in denim manufacturing. Prime focus is on eco-friendly denim textiles which blends innovation and sustainability. Investing significantly in renewable energy, they are harnessing the power of a colossal 2 MW Wind Turbine and 0.86 MW of Solar Energy with am ambitious plan to expand it to a staggering 1.5 MW by the current financial year. By integrating sustainable practices into operations, Shanti Spintex aspires to fulfill a staggering 90% of power requirement and striving to diminish th...Read More

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Shanti Spintex Key Financials

Market Cap ₹87 Cr.

Stock P/E 8.6

P/B 0.9

Current Price ₹51.8

Book Value ₹ 57.3

Face Value 10

52W High ₹79

Dividend Yield 0%

52W Low ₹ 42.2

Shanti Spintex Share Price

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Volume
Price

Shanti Spintex Quarterly Price

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Shanti Spintex Peer Comparison

Shanti Spintex Quarterly Results

#(Fig in Cr.) Mar 2023 Mar 2024
Net Sales 47 46
Other Income 2 3
Total Income 50 49
Total Expenditure 38 37
Operating Profit 12 12
Interest 0 0
Depreciation 1 1
Exceptional Income / Expenses 0 0
Profit Before Tax 11 11
Provision for Tax 3 3
Profit After Tax 8 7
Adjustments 0 0
Profit After Adjustments 8 7
Adjusted Earnings Per Share 0.4 0.8

Shanti Spintex Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 113 255 370 506 710 93
Other Income 0 0 0 1 1 5
Total Income 113 255 371 507 710 99
Total Expenditure 101 243 349 481 690 75
Operating Profit 11 12 22 26 20 24
Interest 3 2 3 3 2 0
Depreciation 4 4 5 5 5 2
Exceptional Income / Expenses 0 0 0 0 0 0
Profit Before Tax 5 6 14 18 14 22
Provision for Tax 1 1 4 5 3 6
Profit After Tax 3 5 10 13 10 15
Adjustments 0 0 0 0 0 0
Profit After Adjustments 3 5 10 13 10 15
Adjusted Earnings Per Share 2.4 3.4 7.1 7.7 6 1.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 40% 41% 0% 0%
Operating Profit CAGR -23% 19% 0% 0%
PAT CAGR -23% 26% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -22% NA% NA% NA%
ROE Average 11% 16% 14% 14%
ROCE Average 14% 18% 14% 14%

Shanti Spintex Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 41 46 56 87 97
Minority's Interest 0 0 0 0 0
Borrowings 34 39 31 14 2
Other Non-Current Liabilities 5 6 8 10 9
Total Current Liabilities 38 45 81 83 69
Total Liabilities 119 136 176 194 177
Fixed Assets 57 53 64 67 63
Other Non-Current Assets 2 14 4 2 1
Total Current Assets 60 70 108 125 113
Total Assets 119 136 176 194 177

Shanti Spintex Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 6 3 5 5
Cash Flow from Operating Activities 3 5 17 7 17
Cash Flow from Investing Activities 0 -0 -15 -5 -0
Cash Flow from Financing Activities 1 -8 -1 -2 -14
Net Cash Inflow / Outflow 4 -3 2 0 3
Closing Cash & Cash Equivalent 6 3 5 5 8

Shanti Spintex Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.38 3.43 7.13 7.71 6.04
CEPS(Rs) 5.25 6.3 10.31 10.53 9.03
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 29.13 32.55 39.51 51.26 57.3
Core EBITDA Margin(%) 10.03 4.67 5.85 4.87 2.79
EBIT Margin(%) 6.53 3.21 4.73 4.18 2.15
Pre Tax Margin(%) 4.16 2.26 3.82 3.54 1.91
PAT Margin (%) 2.99 1.91 2.73 2.57 1.44
Cash Profit Margin (%) 6.62 3.51 3.95 3.52 2.15
ROA(%) 2.83 3.81 6.49 7.04 5.5
ROE(%) 8.16 11.11 19.8 18.25 11.13
ROCE(%) 8.76 9.14 18.18 20.45 13.96
Receivable days 122.86 64.21 58.76 56.73 40.7
Inventory Days 10.4 7.23 12.69 13.48 10.33
Payable days 124.74 51.61 57.15 55.02 33.85
PER(x) 0 0 0 6.45 9.27
Price/Book(x) 0 0 0 0.97 0.98
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.39 0.21 0.12 0.2 0.14
EV/Core EBITDA(x) 3.84 4.29 2 3.9 4.93
Net Sales Growth(%) 0 125.98 45.28 36.59 40.35
EBIT Growth(%) 0 11.11 114.04 20.57 -27.6
PAT Growth(%) 0 44.16 108.14 28.53 -21.64
EPS Growth(%) 0 44.16 108.14 8.07 -21.64
Debt/Equity(x) 1.03 1.05 0.74 0.26 0.14
Current Ratio(x) 1.58 1.56 1.32 1.5 1.64
Quick Ratio(x) 1.49 1.41 1.09 1.28 1.32
Interest Cover(x) 2.75 3.38 5.18 6.54 8.89
Total Debt/Mcap(x) 0 0 0 0.26 0.14

Shanti Spintex Shareholding Pattern

# Dec 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 73.57 73.57 73.57 73.57 73.72 73.57
FII 1.87 0.94 0 0 0 0
DII 4.89 2.4 0.72 0.65 0.59 0.59
Public 19.67 23.09 25.71 25.78 25.68 25.84
Others 0 0 0 0 0 0
Total 100 100 100 100 100 100

Shanti Spintex News

Shanti Spintex Pros & Cons

Pros

  • Stock is trading at 0.9 times its book value
  • Debtor days have improved from 55.02 to 33.85days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

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