Shri Dinesh Mills (BSE: SHRIDINE) had a P/E of 17.6× on 6 Nov 2026, above the industry P/E of 17.0×. Its ROCE of 4.5% is the lowest among the 7 largest Textile Manufacturing peers, and sales and net profit fell 12% and 32% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. It has almost no debt, and its dividend yield is 0.4%. It is a small-cap company with a market cap of ₹213 Cr, ranked 85th of 246 Textile Manufacturing companies by market cap; the shares rose 35% over the past year.
- ₹397.45
- ₹397.45
- ₹365.25
- ₹385.10
- 1.1K
Health check
- ReturnsIn line
+35.1% over a year, better than 4 of 7 peers.
- Price tagDistorted
A one-off gain inflates profit, so P/E isn’t comparable right now.
- GrowthShrinking
Sales −11.6%, profit −31.7% a year over 3 years.
- ProfitabilityWeak
ROCE 4.5% vs peer median 10.7%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flags2 to check
Return on equity is low at 3.9%.
Small cap
Defensive
Key metrics
- Market cap
- ₹213 Cr
- Small cap
- P/E
- 17.6
- Industry 17.0
- Price to book
- 1.07
- Peers 3.81
- Dividend yield
- 0.39%
- ROE
- 3.9%
- Peers 10.1%
- ROCE
- 4.5%
- Peers 10.7%
- Debt to equity
- 0.01
- Debt ₹2.38 Cr
- EPS (TTM)
- ₹21.72
- OPM (TTM)
- 8.7%
- Net margin 15.9%
- Sales growth
- +29.8%
- Latest quarter vs a year ago
- Profit growth
- +56.4%
- Latest quarter vs a year ago
- Price to sales
- 3.06
- EV/EBITDA 8.5
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 56.4% on a year ago.
- Quarterly sales up 29.8% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 3.9%.
- Net profit is above operating profit, so a one-off gain is likely flattering earnings.
About Shri Dinesh Mills
Shri Dinesh Mills Limited manufactures and sells textile products in India and internationally. The company offers worsted fabrics for menswear, paper maker felts, and industrial textiles. It also provides press felts under the DINFLO, DINVENT, and DINPLY names; dryer screens, such as hi contact mono screens, uni screens, and spiral dryer fabrics; fiber and asbestos felts, including pipe and sheet felt products under the DINASORB name; and filter fabrics.…
- Headquarters
- Vadodara
- Employees
- 247
- Sector
- Consumer Cyclical
- ISIN
- INE204C01024
- Website
- dineshmills.com
Price range
- Avg volume (3M)
- 1.2K
- 1-year return
- plus 35.1%
- From 52-week high
- minus 7.7%
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% |
| SHRIDINEShri Dinesh Mills | 381.20 | minus 1.01% | 213 | 17.6 | 1.07 | 4.5% | 3.9% | 8.7% | −11.6% | −31.7% | 0.39% | plus 35.1% |
| 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 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 17.3 | 15.6 | 18.8 | 18.1 | 22.4 | |
| 15 | 15.4 | 19.6 | 15.3 | 18.2 | |
| 2.3 | 0.2 | −0.7 | 2.9 | 4.2 | |
| 13.1% | 1.2% | −3.8% | 15.8% | 18.6% | |
| 2.4 | 3.2 | 2.3 | 6.8 | 1.2 | |
| 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | |
| 0.7 | 0.7 | 0.8 | 0.7 | 0.6 | |
| −1.3 | 0.3 | −2 | – | – | |
| 2.5 | 2.8 | −1.4 | 8.9 | 4.6 | |
| 26.1% | 18.3% | 57.9% | 15.8% | 35.6% | |
| 1.9 | 2.3 | −0.6 | 7.5 | 3 | |
| 3.45 | 4.13 | -1.02 | 13.34 | 5.27 |
Profit & loss
- Sales CAGR 3Y
- −11.6%
- Profit CAGR 3Y
- −31.7%
- EPS CAGR 3Y
- −31.5%
- ROE
- 3.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 98.2 | 67.1 | 66.5 | 67.7 | |
| – | minus 31.6% | minus 0.9% | +1.8% | |
| 87.2 | 52.9 | 55.4 | 64.1 | |
| 11 | 14.3 | 11.1 | 3.7 | |
| 11.2% | 21.3% | 16.7% | 5.4% | |
| 1.2 | 10.2 | 2.2 | 3.9 | |
| 1.2 | 0 | 0.6 | 0.6 | |
| 5.8 | 5.3 | 5.6 | 2.8 | |
| 23.9 | 49.9 | 10.3 | 4.8 | |
| 29.2 | 69.1 | 17.5 | 8.9 | |
| 17.7% | 19.7% | 22.1% | 11.5% | |
| 23.8 | 50.5 | 10.5 | 7.6 | |
| – | +112.0% | minus 79.2% | minus 27.5% | |
| 42.24 | 90.25 | 18.73 | 13.57 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.7 | 5.7 | 5.7 | 5.6 | |
| 151 | 196 | 189 | 195 | |
| 14 | 24.2 | 4.8 | 2.4 | |
| 48.5 | 45.2 | 65.3 | 26.5 | |
| 220 | 271 | 264 | 229 | |
| 48.8 | 54.5 | 24 | 22 | |
| 0.2 | 6.7 | 3.5 | 7 | |
| 113 | 160 | 150 | 160 | |
| 57.5 | 49.6 | 86.8 | 40.5 | |
| 220 | 271 | 264 | 229 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8 | 7.8 | 4.4 | 3 | |
| −10.6 | −9.4 | 12.5 | −0 | |
| 1 | 2.7 | −17.7 | −3.5 | |
| −1.7 | 1.1 | −0.9 | −0.5 | |
| −11 | −14.1 | −4.5 | −1.2 | |
| −3.1 | −6.3 | −0.1 | 1.8 | |
| −4.2 | −5.6 | −16.8 | −1.1 |
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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