Shanti Spintex (BSE: SHANTIDENM) had a P/E of 5.8× on 6 Nov 2026, below the industry P/E of 17.0×, and the shares are 52% below their 52-week high. Sales grew 24% a year over 3 years while net profit fell 0.7%, with ROCE of 12% and ROE of 9.8%. Debt is 0.45× equity. It is listed on an SME platform with a market cap of ₹57 Cr, ranked 148th of 246 Textile Manufacturing companies by market cap; the shares fell 54% over the past year.
- ₹33.80
- ₹33.80
- ₹33.80
- ₹32.30
- 2K
Health check
- ReturnsBehind
−53.9% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 5.8 vs industry 17.0.
- GrowthStrong
Sales +23.9%, profit −0.7% a year over 3 years.
- ProfitabilityAverage
ROCE 11.7% vs peer median 10.7%.
- Balance sheetStretched
Debt 0.45× equity, interest covered 5.6×, Piotroski 3 of 9.
- Red flags3 to check
Quarterly profit down 20.4% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹57 Cr
- Small cap
- P/E
- 5.8
- Industry 17.0
- Price to book
- 0.54
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- 9.8%
- Peers 10.1%
- ROCE
- 11.7%
- Peers 10.7%
- Debt to equity
- 0.45
- Debt ₹47 Cr
- EPS (TTM)
- ₹5.87
- OPM (TTM)
- 1.1%
- Net margin 1.4%
- Sales growth
- −9.3%
- Latest quarter vs a year ago
- Profit growth
- −20.4%
- Latest quarter vs a year ago
- Price to sales
- 0.08
- EV/EBITDA 5.3
Strengths and risks
Strengths
- P/E of 5.8 against an industry P/E of 17.0.
Risks to check
- Quarterly profit down 20.4% on a year ago.
- Quarterly sales down 9.3% on a year ago.
- 52% below its 52-week high.
About Shanti Spintex
Shanti Spintex Limited manufactures and sells denim fabrics in India. It operates in two segments, Textile Manufacturing and Renewable Energy. The company offers various denim fabrics, such as cotton lycra knit, regular knit, flat finish 3/1 stretch, rigid, cross hedge, lightweight shirting, over-dyed, fancy knit, and power stretch lycra denim for women; and yarn products, including eli, denier, cotton and polyester spandex, slub, ring, viscose, tencel,…
- Headquarters
- Ahmedabad
- Employees
- 91
- Sector
- Consumer Cyclical
- ISIN
- INE0QZQ01019
- Website
- shantispintex.com
Price range
- Avg volume (3M)
- 12.2K
- 1-year return
- minus 53.9%
- From 52-week high
- minus 52.1%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 14.3 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.98% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.91% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.09% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.31% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.26% | minus 3.9% |
| SHANTIDENMShanti Spintex | 33.80 | plus 4.64% | 57 | 5.8 | 0.54 | 11.7% | 9.8% | 1.1% | 23.9% | −0.7% | 0.00% | minus 53.9% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.91% | 22.2% |
Quarterly results
This company doesn’t report these figures in a format we can read yet.
Profit & loss
- Sales CAGR 3Y
- +23.9%
- Profit CAGR 3Y
- −0.7%
- ROE
- 9.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 370 | 506 | 710 | 704 | |
| – | +36.6% | +40.4% | minus 0.8% | |
| 349 | 481 | 692 | 688 | |
| 21.8 | 24.7 | 17.6 | 16.2 | |
| 5.9% | 4.9% | 2.5% | 2.3% | |
| 0.3 | 0.1 | 0.2 | 2.6 | |
| 3.4 | 3.2 | 1.6 | 2.6 | |
| 4.5 | 4.8 | 2.8 | 5.6 | |
| −0 | 1 | 0.2 | 1.5 | |
| 14.1 | 17.9 | 13.6 | 12 | |
| 28.4% | 27.3% | 24.9% | 17.7% | |
| 10.1 | 13 | 10.2 | 9.9 | |
| – | +28.5% | minus 21.6% | minus 2.8% | |
| 6.00 | 8.71 | 6.04 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.1 | 16.9 | 16.9 | 16.9 | |
| 49 | 69.7 | 79.9 | 88.9 | |
| 41.8 | 22.2 | 13.7 | 47.1 | |
| 78 | 85.2 | 66.6 | 77.8 | |
| 176 | 194 | 177 | 231 | |
| 64.2 | 67 | 62.2 | 72.4 | |
| 2 | – | – | – | |
| 4.8 | 5 | 9.4 | 21.8 | |
| 105 | 122 | 105 | 137 | |
| 176 | 194 | 177 | 231 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16.9 | 7 | −2.7 | 0.8 | |
| −14.5 | −4.9 | 0.2 | 0.9 | |
| −0.6 | −1.9 | −3.5 | −3.2 | |
| 1.7 | 0.2 | −6 | −1.5 | |
| −14.6 | −7.9 | −0.2 | −0.7 | |
| 2.3 | −1 | −2.9 | 0.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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