Shiva Mills (SHIVAMILLS) had a P/E of 15.0× on 6 Nov 2026, below the industry P/E of 17.0×, and the shares are 16% below their 52-week high. Its ROCE of −0.1% is the lowest among the 7 largest Textile Manufacturing peers, and sales fell 4.3% a year over 3 years. It is a small-cap company with a market cap of ₹51 Cr, ranked 153rd of 246 Textile Manufacturing companies by market cap; the shares fell 16% over the past year.
- ₹57.17
- ₹59.00
- ₹56.21
- ₹57.17
- 662
Health check
- ReturnsBehind
−15.5% over a year, better than 1 of 7 peers.
- Price tagIn line
P/E 15.0 vs industry 17.0.
- GrowthShrinking
Sales −4.3% a year over 3 years.
- ProfitabilityNegative
ROCE -0.1% vs peer median 10.7%.
- Balance sheetn/a
Balance sheet figures aren’t reported.
- Red flags1 to check
Return on equity is low at −0.1%.
Small cap
Defensive
Key metrics
- Market cap
- ₹51 Cr
- Small cap
- P/E
- 15.0
- Industry 17.0
- Price to book
- 0.55
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- −0.1%
- Peers 10.1%
- ROCE
- −0.1%
- Peers 10.7%
- Debt to equity
- n/a
- Debt ₹0.00 Cr
- EPS (TTM)
- ₹3.89
- Face value ₹10
- OPM (TTM)
- 6.5%
- Net margin 2.4%
- Sales growth
- +1.4%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.36
- EV/EBITDA 5.0
Strengths and risks
Risks to check
- Return on equity is low at −0.1%.
About Shiva Mills
Shiva Mills Limited engages in the manufacturing and marketing of cotton yarns in India. It operates spinning unit and owns 22 windmills with a total installed capacity of 10.65 MW. The company also exports its products. The company was formerly known as STYL Textile Ventures Limited and changed its name to Shiva Mills Limited in March 2017. Shiva Mills Limited was incorporated in 2015 and is based in Coimbatore, India.
- Headquarters
- Coimbatore
- Employees
- 587
- Sector
- Consumer Cyclical
- ISIN
- INE644Y01017
- Website
- shivamills.com
Price range
- Avg volume (3M)
- 1.3K
- 1-year return
- minus 15.5%
- From 52-week high
- minus 16.4%
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% |
| SHIVAMILLSShiva Mills | 58.50 | plus 2.33% | 51 | 15.0 | 0.55 | −0.1% | −0.1% | 6.5% | −4.3% | – | 0.00% | minus 15.5% |
| 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
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 37.6 | 30.4 | 34.3 | 36.9 | 38.1 | |
| 36.5 | 29.1 | 33.6 | 34.3 | 33.6 | |
| 1.1 | 1.4 | 0.6 | 2.6 | 4.5 | |
| 2.8% | 4.5% | 1.8% | 7.1% | 11.9% | |
| 0.1 | 0.2 | 0.4 | 0.5 | 0.5 | |
| 0.2 | 0.1 | 0.1 | 0 | 0 | |
| 1.7 | 1.8 | 1.8 | 1.7 | 1.6 | |
| −0.7 | −0.3 | −0.9 | 1.4 | 3.4 | |
| 5.8% | 41.7% | 20.1% | −3.6% | 16.6% | |
| −0.6 | −0.2 | −0.7 | 1.4 | 2.8 | |
| -0.72 | -0.19 | -0.82 | 1.63 | 3.27 |
Profit & loss
- Sales CAGR 3Y
- −4.3%
- ROE
- −0.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 158 | 157 | 169 | 139 | |
| – | minus 0.9% | +7.3% | minus 17.7% | |
| 160 | 154 | 166 | 133 | |
| −1.7 | 2.7 | 3 | 5.8 | |
| −1.1% | 1.7% | 1.8% | 4.2% | |
| 0.8 | 0.6 | 0.5 | 0.5 | |
| 0.4 | 0.5 | 1.1 | 0.3 | |
| 6.1 | 6.7 | 6.8 | 7 | |
| −0 | 0 | 0.2 | 0.5 | |
| −7.5 | −3.9 | −4.2 | −0.5 | |
| 4.2% | 17.3% | 10.3% | 81.0% | |
| −7.2 | −3.2 | −3.8 | −0.1 | |
| -8.28 | -3.76 | -4.41 | -0.10 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8.6 | 8.6 | 8.6 | 8.6 | |
| 91.2 | 87.5 | 83.8 | 83.9 | |
| – | 10.3 | 9.9 | – | |
| 15.9 | 16.2 | 16.1 | 14.8 | |
| 116 | 123 | 118 | 107 | |
| 67.1 | 63.2 | 59.7 | 55.2 | |
| 2.9 | 0.3 | 0.5 | 0.1 | |
| 0.6 | 0.6 | 0.6 | 0.6 | |
| 11.1 | 0.6 | 0.3 | 5 | |
| 34.1 | 58 | 57.3 | 46.3 | |
| 116 | 123 | 118 | 107 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 27.4 | −17.3 | 4.1 | 16.2 | |
| −8.3 | −2.7 | −2.7 | −1.3 | |
| −9.9 | 9.5 | −1.6 | −10.3 | |
| 9.1 | −10.4 | −0.2 | 4.6 | |
| −8.7 | −2.8 | −3.2 | −3 | |
| 18.7 | −20.2 | 0.9 | 13.3 | |
| −1 | – | – | – |
Shareholding pattern
- Promoters74.94%
- Public25.06%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 74.94% | 25.06% | 0.00 | |
| 30 Jun 2026 | 74.94% | 25.06% | 0.00 | |
| 31 Mar 2026 | 74.94% | 25.06% | 0.00 | |
| 31 Dec 2025 | 74.94% | 25.06% | 0.00 | |
| 30 Sep 2025 | 74.94% | 25.06% | – |
Major shareholders
Filings & events
News
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