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Shine Fashion (I) Overview

Shine Fashion (India) Limited, incorporated on September 11, 2019, is a company that has quickly established itself in the textile manufacturing industry. Headquartered in Mumbai, company specializes in producing a variety of fabric products, including hot web adhesive, woven stretch interlining, tricot, trafetta, and other related products. The company’s promoters, Anil Zaverchand Mehta, Anish Anil Mehta, and Purvi Anil Sanghvi, have been instrumental in guiding Shine Fashion (India) Limited since its inception. Leadership has steered c...Read More

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Shine Fashion (I) Key Financials

Market Cap ₹78 Cr.

Stock P/E 11.2

P/B 1.9

Current Price ₹31.2

Book Value ₹ 16.5

Face Value 5

52W High ₹66

Dividend Yield 0.05%

52W Low ₹ 18

Shine Fashion (I) Share Price

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Volume
Price

Shine Fashion (I) Quarterly Price

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Shine Fashion (I) Peer Comparison

Shine Fashion (I) 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

Shine Fashion (I) Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 7 13 21 54 82
Other Income 0 0 0 0 0
Total Income 7 13 21 54 82
Total Expenditure 7 12 20 49 72
Operating Profit 0 1 1 5 10
Interest 0 0 0 0 0
Depreciation 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 0 1 1 5 9
Provision for Tax 0 0 0 1 2
Profit After Tax 0 0 1 4 7
Adjustments 0 -0 -0 -0 -0
Profit After Adjustments 0 0 1 4 7
Adjusted Earnings Per Share 0.1 0.2 0.4 1.7 2.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 52% 85% 0% 0%
Operating Profit CAGR 100% 115% 0% 0%
PAT CAGR 75% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -28% 83% 47% NA%
ROE Average 42% 35% 24% 24%
ROCE Average 47% 40% 27% 27%

Shine Fashion (I) Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 5 5 6 10 23
Minority's Interest 0 0 0 0 0
Borrowings 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0
Total Current Liabilities 1 2 6 15 35
Total Liabilities 6 7 12 26 59
Fixed Assets 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Total Current Assets 6 7 12 25 58
Total Assets 6 7 12 26 59

Shine Fashion (I) Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0
Cash Flow from Operating Activities -2 0 -1 1 2
Cash Flow from Investing Activities 0 -0 -0 -0 -0
Cash Flow from Financing Activities 2 -0 1 -1 11
Net Cash Inflow / Outflow -0 0 0 -0 13
Closing Cash & Cash Equivalent 0 0 0 0 13

Shine Fashion (I) Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.1 0.18 0.39 1.75 2.9
CEPS(Rs) 0.11 0.19 0.45 1.77 2.92
DPS(Rs) 0 0 0 0 0.02
Book NAV/Share(Rs) 2.23 2.41 2.81 4.55 9.68
Core EBITDA Margin(%) 3.49 3.99 6.08 9.75 11.57
EBIT Margin(%) 4.08 4.8 6.59 9.83 11.63
Pre Tax Margin(%) 3.8 4.27 6.24 9.73 11.45
PAT Margin (%) 3.34 3.18 4.63 7.28 8.57
Cash Profit Margin (%) 3.48 3.29 4.74 7.32 8.6
ROA(%) 3.75 6 9.83 20.71 16.61
ROE(%) 4.59 7.79 16.7 47.81 41.75
ROCE(%) 4.91 10.36 19.23 54.61 46.95
Receivable days 278.96 161.57 141.66 93.98 98.81
Inventory Days 19.55 11.29 14.46 27.33 42.72
Payable days 15.14 20.27 46.82 64.25 103.72
PER(x) 36.8 32.33 12.51 15.12 15.08
Price/Book(x) 1.69 2.38 1.76 5.8 4.52
Dividend Yield(%) 0 0 0 0 0.04
EV/Net Sales(x) 1.32 1.06 0.62 1.11 1.2
EV/Core EBITDA(x) 31.42 21.52 9.19 11.22 10.32
Net Sales Growth(%) 0 85.37 65.16 156.95 50.72
EBIT Growth(%) 0 118.36 126.51 283.47 78.27
PAT Growth(%) 0 76.48 140.82 303.66 77.43
EPS Growth(%) 0 73.39 121.93 342.5 66.09
Debt/Equity(x) 0.14 0.13 0.32 0.1 0.25
Current Ratio(x) 5.42 3.97 2.07 1.68 1.67
Quick Ratio(x) 5.09 3.74 1.86 1.23 1.32
Interest Cover(x) 14.92 9.05 19.01 99.07 66.46
Total Debt/Mcap(x) 0.08 0.06 0.18 0.02 0.06

Shine Fashion (I) Shareholding Pattern

# Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 71.47 71.47 71.47 71.47 71.47 71.47 71.47 65.2 65.2 67.47
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 28.53 28.53 28.53 28.53 28.53 28.53 28.53 34.8 34.8 32.53
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Shine Fashion (I) News

Shine Fashion (I) Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 35%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 64.25 to 103.72days.
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