Shekhawati Industries (SHEKHAWATI) had a P/E of 8.5× on 6 Nov 2026, below the industry P/E of 17.1×, and the shares are 36% below their 52-week high. Sales fell 69% a year over 3 years; its ROCE of 38% is the highest among the 7 largest Textile Manufacturing peers, though net profit is above operating profit, which points to a one-off gain. It carries very little debt. It is a small-cap company with a market cap of ₹74 Cr, ranked 138th of 246 Textile Manufacturing companies by market cap; the shares rose 4.7% over the past year.
- ₹22.50
- ₹22.50
- ₹20.70
- ₹21.64
- 10.5K
Health check
- ReturnsBehind
+4.7% over a year, better than 2 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthShrinking
Sales −69.4% a year over 3 years.
- ProfitabilityStrong
ROCE 38.0% vs peer median 10.7%.
- Balance sheetFair
Debt 0.06× equity, interest covered 91.7×, Piotroski 5 of 9.
- Red flags3 to check
Quarterly sales down 49.0% on a year ago.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹74 Cr
- Small cap
- P/E
- 8.5
- Industry 17.1
- Price to book
- 3.36
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- 50.1%
- Peers 10.1%
- ROCE
- 38.0%
- Peers 10.7%
- Debt to equity
- 0.06
- Debt ₹1.38 Cr
- EPS (TTM)
- ₹2.51
- Face value ₹10
- OPM (TTM)
- 21.2%
- Net margin 82.5%
- Sales growth
- −49.0%
- Latest quarter vs a year ago
- Profit growth
- +125.6%
- Latest quarter vs a year ago
- Price to sales
- 4.93
- EV/EBITDA 10.7
Strengths and risks
Strengths
- Return on equity of 50.1%.
- Return on capital employed of 38.0%.
- Practically debt-free.
- Quarterly profit up 125.6% on a year ago.
- Promoter stake up from 64.1% to 65.5%.
Risks to check
- Quarterly sales down 49.0% on a year ago.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
- 36% below its 52-week high.
About Shekhawati Industries
Shekhawati Industries Limited engages in the textile and real estate operation businesses in India. The company manufactures polyester and nylon draw textured yarns, twisted yarns, and knitted fabrics; and offers textile consultancy services, including market insights and trends, sourcing and procurement, sustainability strategies, product development support, and quality control and assurance services. It is also involved in real estate development, such…
- Headquarters
- Mumbai
- Employees
- 58
- Sector
- Consumer Cyclical
- ISIN
- INE268L01046
- Website
- shekhawatiind.com
Price range
- Avg volume (3M)
- 79.2K
- 1-year return
- plus 4.7%
- From 52-week high
- minus 35.6%
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 | 17.1 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.93% | 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% | 0.90% | 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% | 2.10% | 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% | 0.30% | 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% | 1.23% | minus 3.9% |
| SHEKHAWATIShekhawati Industries | 21.43 | minus 0.97% | 74 | 8.5 | 3.36 | 38.0% | 50.1% | 21.2% | −69.4% | – | 0.00% | plus 4.7% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.90% | 22.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| 3 | – | 2.1 | 8.1 | 1.5 | 4 | |
| −0 | – | 2 | 2.5 | 2.7 | 5.2 | |
| 3 | 1.7 | 0.1 | 5.6 | −1.2 | −1.2 | |
| 101.0% | – | 6.1% | 69.0% | −79.2% | −29.8% | |
| 0 | – | 0.1 | 0.7 | 8.2 | 0 | |
| 0 | – | 0 | 0 | 0.1 | 0.2 | |
| 0.2 | – | 0.3 | 0.4 | 0.4 | 0.4 | |
| – | – | −0.3 | −1.3 | – | – | |
| 2.8 | – | −0.5 | 4.6 | 6.5 | −1.8 | |
| – | – | – | – | 2.4% | −0.4% | |
| 2.8 | – | −0.5 | 4.6 | 6.4 | −1.8 | |
| 0.82 | – | -0.15 | 1.34 | 1.85 | -0.52 |
Profit & loss
- Sales CAGR 3Y
- −69.4%
- ROE
- 50.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 299 | 67.2 | 48.6 | 8.6 | |
| – | minus 77.5% | minus 27.6% | minus 82.3% | |
| 312 | 60 | 42.7 | −1.3 | |
| −12.2 | 7.2 | 5.9 | 9.8 | |
| −4.1% | 10.7% | 12.2% | 114.6% | |
| 0.2 | 12.3 | 1.7 | 1.3 | |
| 0.1 | 0 | 0 | 0.1 | |
| 9.2 | 8.3 | 0.8 | 1.1 | |
| – | 143 | −0.5 | −1.1 | |
| −21.2 | 154 | 6.3 | 8.8 | |
| – | 0.0% | −0.2% | – | |
| −21.2 | 154 | 6.3 | 8.8 | |
| – | – | minus 95.9% | +40.2% | |
| -6.20 | 44.67 | 1.82 | 2.55 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 34.5 | 34.5 | 34.5 | 34.5 | |
| −181 | −27.2 | −21.3 | −12.5 | |
| 202 | 0.8 | 0.4 | 1.4 | |
| 53.6 | 36 | 24.6 | 8.5 | |
| 108 | 44.1 | 38.1 | 31.9 | |
| 73.5 | 2.2 | 1.8 | 3.4 | |
| 3 | 3.1 | 2.7 | 0.1 | |
| 1.1 | 1.7 | 4.3 | 5.4 | |
| 30.6 | 37.2 | 29.4 | 23 | |
| 108 | 44.1 | 38.1 | 31.9 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.4 | 12.4 | −0.5 | −8.1 | |
| −1.7 | 47.5 | 0.8 | 9.7 | |
| −0.5 | −60.6 | −0.1 | −0.3 | |
| 0.2 | −0.8 | 0.1 | 1.3 | |
| −1.8 | −0.1 | −0.8 | −1.6 | |
| 0.6 | 12.3 | −1.3 | −9.7 |
Shareholding pattern
- Promoters65.55%
- Public34.45%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 65.55% | 34.45% | plus 1.47 | |
| 30 Jun 2026 | 64.08% | 35.92% | minus 0.04 | |
| 31 Mar 2026 | 64.12% | 35.88% | 0.00 | |
| 31 Dec 2025 | 64.12% | 35.88% | 0.00 | |
| 30 Sep 2025 | 64.12% | 35.88% | – |
Major shareholders
Filings & events
News
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