Shanti Spintex Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 26 Aug 2026 | Textiles & Apparels | Market Cap: ₹60 Cr
Revenue growth is expected around 7-8% annually, supported by existing operations and integration benefits. Targeting PAT of around ₹14 crores in FY26, up from previous levels.
From Shanti Spintex's Q2 FY26 earnings-call transcript · updated 26 Aug 2026.
Price
₹37
Market Cap
₹60 Cr
P/E Ratio
6.0
Revenue Rank
Margin Rank
How does Shanti Spintex rank in Textiles & Apparels?
Compare Shanti Spintex against every Textiles & Apparels company this quarter on revenue, margins and earnings-call signals.
📊 Revenue & Sales Performance
Rank 4- →Revenue growth is expected around 7-8% annually, supported by existing operations and integration benefits.
- →Consolidated revenue run rate of approximately ₹350+ crores is expected to be maintained in H2 FY26.
- →Capacity utilization is at about 90%, limiting volume growth until backward integration is completed.
- →Volume growth is moderate, with some increase driven by business acquired through Teesta Spintex.
- →Backward integration (dyeing unit) planned to be commercialized by December 2026/January 2027, expected to enhance competitiveness and margins rather than significantly increase volumes.
- →Long-term target to grow PAT to ₹30 crores by FY28, indicating overall business growth.
- →Focus remains on domestic market with stable product mix; no immediate plans to diversify into non-denim textiles or new sales channels.
📈 Profitability & Margins
Rank 1- →Targeting PAT of around ₹14 crores in FY26, up from previous levels.
- →Expecting PAT to increase to ₹18 crores in FY27 with backward integration benefits from the dyeing unit beginning in the last quarter.
- →Long-term goal is to reach ₹30 crores PAT by FY28 driven by integration, efficiency, and scale.
- →EBITDA margins expected to improve from current ~3% to 7-8% by FY28, supported by forward and backward integration and green energy initiatives.
- →Revenue growth planned at 7-8% annually, volume growth expected around this rate with capacity utilization near 90%.
- →Backward integration (dyeing unit) capex of ₹55 crores to be commercialized by Dec'26/Jan'27, expected to be margin-accretive without volume increase.
- →Green energy investments (~₹8-9 crores capex) planned to boost savings from ₹2.6 crores to about ₹4.5-4.65 crores annually.
- →Working capital efficiency improvements and reduced leverage support sustainable profit growth.
🏗️ Capital Expenditure Plans
Yes- →Planned capital expenditure of around ₹55 crores for backward integration by setting up a dyeing unit, expected to be commercialized by December 2026 or January 2027.
- →Post dyeing expansion, a further green energy capex of ₹8-9 crores is planned, targeted around Q1 FY27.
- →The green energy investment aims to increase renewable energy usage from 65% to 90%, increasing savings from ₹2.65-2.7 crores to around ₹4.5-4.65 crores.
- →The backward integration (dyeing unit) is expected to be margin accretive, adding approximately ₹12 crores in PAT.
- →Future plans include continued capacity expansion and further investments in green energy to enhance cost efficiency and sustainability.
💰 Fundraising & Capital Structure
No information- →There is no specific mention of any current or planned fundraising through debt or equity in the transcript.
- →The company states it has no bank debt currently and maintains low leverage, focusing on strict working capital management.
- →Capex plans include around ₹55 crores for backward integration (dying unit) and ₹8-9 crores for expanding green power initiatives, funded internally.
- →There is a focus on maintaining a strong balance sheet without additional leverage.
- →No explicit discussion about raising funds via equity or debt was made during the call.
📋 Order Book & Pipeline
No information- →The transcript does not explicitly mention the current or expected order book or pending orders for Shanti Spintex Limited.
- →However, the company expressed confidence in maintaining a revenue run rate of around ₹350 crores in H2 FY26, indicating stable demand.
- →The management highlighted 89-90% capacity utilization, suggesting strong ongoing order inflow.
- →They also mentioned facing some shortages in specific months during festive seasons like Diwali, implying robust demand at peak times.
- →The company plans backward integration (dyeing unit) by December 2026/January 2027 to enhance capacity and improve margins, suggesting anticipation of sustained or growing orders.
- →Business is conducted primarily through dealers, with top 10 customers accounting for 99% of sales.
- →Overall, while exact order book figures are not disclosed, indications point to stable to growing demand with no significant order backlog issues.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Shanti Spintex Q2 FY26 results?
Revenue growth is expected around 7-8% annually, supported by existing operations and integration benefits. Targeting PAT of around ₹14 crores in FY26, up from previous levels.
What is Shanti Spintex share price analysis?
Shanti Spintex currently shows a neutral. The stock trades at a P/E of 6.0 with a market cap of ₹60 Cr. Investors should review the full earnings analysis for detailed insights.
Is Shanti Spintex planning capital expenditure?
Planned capital expenditure of around ₹55 crores for backward integration by setting up a dyeing unit, expected to be commercialized by December 2026 or January 2027.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.