Shanti Spintex Q2 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹56 Cr
- P/E
- 7.66
- ROE
- 6.88%
- Price to sales
- 0.07
- Debt to equity
- 0.45
- 52W high / low
- ₹75.0 / ₹27.1
- EBITDA margin
- 2.29%
- Net profit margin
- 1.03%
- Promoter holding
- 73.57%
- Sales (last year)
- ₹704 Cr
Incorporated in 2010, Shanti Spintex Ltd is in the business of manufacturing & trading of denim textile products[1]
Guidance scorecard · Q2 FY26 call
What Shanti Spintex Ltd's management guided
and where it ranks in Textiles & Apparels
Textiles & Apparels
RevenueQ2 FY26 call
0–10%- 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.
2 more points from Shanti Spintex Ltd's call on revenue
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MarginsQ2 FY26 call
Up 2%+See what Shanti Spintex Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- 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.
2 more points from Shanti Spintex Ltd's call on capex
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FundraisingQ2 FY26 call
See what Shanti Spintex Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
- 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.
2 more points from Shanti Spintex Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Textiles & Apparels
on management's own guidance
- Strong growth2
- Strong growth1
- Sumeet IndustrieGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Textiles & Apparels companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹560 Cr | 90.6 | |
| 2 | 40%+ | Flat | ₹421 Cr | 27.7 | |
| 3 | Sumeet Industrie | 20–40% | Up 2%+ | ₹751 Cr | 30.3 |
| 4 | 20–40% | Up 2%+ | ₹305 Cr | 20.4 | |
| 5 | 20–40% | Up 0–2% | ₹2,823 Cr | 17.5 | |
| 6 | 20–40% | Up 0–2% | ₹1,225 Cr | 69.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels rankingFinancials of Shanti Spintex Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Shanti Spintex Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Shanti Spintex Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales + | 86 | 113 | 255 | 370 | 506 | 710 | 720 |
| Expenses + | 80 | 101 | 243 | 349 | 481 | 690 | 706 |
| Operating Profit | 6 | 11 | 12 | 22 | 25 | 20 | 14 |
| OPM % | 8% | 10% | 5% | 6% | 5% | 3% | 2% |
| Other Income + | 4 | 0 | 0 | 0 | 1 | 1 | 2 |
| Interest | 2 | 3 | 2 | 3 | 3 | 2 | 2 |
| Depreciation | 7 | 4 | 4 | 5 | 5 | 5 | 5 |
| Profit before tax | 2 | 5 | 6 | 14 | 18 | 14 | 9 |
| Tax % | -187% | 28% | 16% | 28% | 27% | 25% | |
| Net Profit + | 5 | 3 | 5 | 10 | 13 | 10 | 7 |
| EPS in Rs | 6.59 | 4.76 | 6.86 | 14.27 | 7.71 | 6.04 | 4.32 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Shanti Spintex Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 17 | 17 | 17 |
| Reserves | 28 | 34 | 39 | 49 | 70 | 80 | 83 |
| Borrowings + | 39 | 43 | 49 | 42 | 22 | 14 | 2 |
| Other Liabilities + | 27 | 35 | 41 | 78 | 85 | 67 | 48 |
| Total Liabilities | 102 | 119 | 136 | 176 | 194 | 177 | 150 |
| Fixed Assets + | 54 | 57 | 53 | 64 | 67 | 63 | 61 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 2 | 2 | 2 | 0 | 1 | 9 |
| Other Assets + | 46 | 60 | 81 | 110 | 127 | 113 | 80 |
| Total Assets | 102 | 119 | 136 | 176 | 194 | 177 | 150 |
Financials of Shanti Spintex Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 8 | 3 | 5 | 17 | 7 | 17 |
| Cash from Investing Activity + | 3 | 0 | -0 | -15 | -5 | -0 |
| Cash from Financing Activity + | -11 | 1 | -8 | -1 | -2 | -14 |
| Net Cash Flow | -0 | 4 | -3 | 2 | 0 | 3 |
| Free Cash Flow | 8 | 3 | 5 | 2 | -1 | 17 |
| CFO/OP | 124% | 31% | 44% | 90% | 42% | 87% |
Financials of Shanti Spintex Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 105 | 123 | 74 | 67 | 65 | 35 |
| Inventory Days | 25 | 14 | 11 | 21 | 15 | 12 |
| Days Payable | 141 | 125 | 56 | 76 | 57 | 29 |
| Cash Conversion Cycle | -11 | 12 | 29 | 12 | 23 | 18 |
| Working Capital Days | 22 | 52 | 31 | 21 | 27 | 18 |
| ROCE % | 9% | 9% | 18% | 19% | 14% |
Guidance history
How Shanti Spintex Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY26 call → | 0–10% | Up 2%+ | Planned | — | — |
| Q4 FY25 call → | 10–20% | Up 0–2% | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Shanti Spintex Ltd's management said in earlier quarters
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