Arthneeti

Spice Islands Industries Share Price & Earnings Call Analysis

₹131.20-2.85% today
Market cap
₹409 Cr
P/E
60.76
ROE
69.11%
PEG
0.18
Price to sales
12.10
Debt to equity
0.04
52W high / low
₹530 / ₹88.7
Sales growth (5Y)
22.07%
EBITDA margin
8.25%
Net profit margin
31.64%
Promoter holding
43.11%
Sales (last year)
₹34 Cr

Incorporated in 1988, Spice Islands Industries Ltd manufactures textiles and has diversified into various other activities[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Consumer Durables
on management's own guidance

  1. Strong growth
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  2. Strong growth
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    3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Consumer Durables companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹151 Cr13.8
240%+Up 0–2%₹2,267 Cr12.2
340%+Up 0–2%₹1,934 Cr16.9
440%+Flat₹2,338 Cr39.6
540%+Flat₹1,975 Cr20.8
640%+Flat₹528 Cr16.7

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Financials of Spice IslandsInd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Spice IslandsInd

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +0.510.190.200.130.100.480.000.100.330.341.931.743.32
Expenses +0.580.220.130.100.180.490.130.440.600.561.661.652.31
Operating Profit-0.07-0.030.070.03-0.08-0.01-0.13-0.34-0.27-0.220.270.091.01
OPM %-13.73%-15.79%35.00%23.08%-80.00%-2.08%-340.00%-81.82%-64.71%13.99%5.17%30.42%
Other Income +0.090.080.010.080.180.160.240.060.091.810.090.720.48
Interest0.000.040.020.020.020.020.020.020.010.010.010.010.01
Depreciation0.010.010.010.010.010.010.03-0.010.020.020.020.020.02
Profit before tax0.010.000.050.080.070.120.06-0.29-0.211.560.330.781.46
Tax %0.00%0.00%0.00%0.00%0.00%0.00%220.69%4.76%0.00%0.00%0.00%0.00%
Net Profit +0.01-0.020.050.080.070.110.06-0.93-0.211.560.330.781.46
EPS in Rs0.02-0.050.120.190.160.260.14-2.16-0.493.630.771.813.40

Financials of Spice IslandsInd

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +16.1724.1122.9517.7328.8217.0315.646.602.680.860.000.787.33
Expenses +16.2923.5222.7719.5330.3921.2318.348.213.601.030.911.746.18
Operating Profit-0.120.590.18-1.80-1.57-4.20-2.70-1.61-0.92-0.17-0.91-0.961.15
OPM %-0.74%2.45%0.78%-10.15%-5.45%-24.66%-17.26%-24.39%-34.33%-19.77%-1.11%-123.08%15.69%
Other Income +1.010.770.811.041.220.520.42-0.13-0.130.171.332.203.10
Interest0.160.150.170.240.430.430.290.140.110.060.060.060.04
Depreciation0.240.390.490.470.490.480.390.300.150.040.040.060.08
Profit before tax0.490.820.33-1.47-1.27-4.59-2.96-2.18-1.31-0.100.321.124.13
Tax %12.24%25.61%15.15%5.44%3.94%-14.60%-1.01%0.00%0.76%20.00%0.00%57.14%
Net Profit +0.430.610.28-1.54-1.32-3.91-2.94-2.18-1.32-0.120.320.484.13
EPS in Rs1.001.420.65-3.58-3.07-9.09-6.84-5.07-3.07-0.280.741.129.61
Dividend Payout %100.00%105.74%115.18%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Financials of Spice IslandsInd

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital4.304.304.304.304.304.304.304.304.304.304.304.304.30
Reserves9.248.888.776.835.521.59-1.35-3.53-4.82-4.92-4.60-1.94-0.83
Borrowings +0.160.201.082.524.803.451.922.010.870.630.631.281.99
Other Liabilities +1.362.561.801.883.402.563.512.253.181.930.941.431.09
Total Liabilities15.0615.9415.9515.5318.0211.908.385.033.531.941.275.076.55
Fixed Assets +2.331.942.893.083.122.232.081.250.840.600.210.762.24
CWIP0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments2.682.362.882.962.711.810.190.000.000.000.000.000.00
Other Assets +10.0511.6410.189.4912.197.866.113.782.691.341.064.314.31
Total Assets15.0615.9415.9515.5318.0211.908.385.033.531.941.275.076.55

Financials of Spice IslandsInd

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +1.02-2.641.56-1.78-3.430.82-0.24-0.900.760.07-0.200.30
Cash from Investing Activity +0.180.74-1.370.850.380.542.120.500.150.150.37-2.91
Cash from Financing Activity +-0.63-0.62-0.290.791.92-1.72-1.72-0.08-1.20-0.30-0.062.77
Net Cash Flow0.57-2.52-0.10-0.13-1.13-0.350.16-0.48-0.28-0.080.100.16
Free Cash Flow1.13-2.930.12-2.44-3.950.89-0.24-0.450.870.220.17-2.61
CFO/OP-950%-439%900%95%218%-20%9%56%-83%53%18%-32%

Financials of Spice IslandsInd

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days3.8412.1122.9052.0873.3348.2226.1437.61104.8725.47552.18
Inventory Days61.1360.5964.8762.1722.3453.2340.1910.114.400.00100.96
Days Payable43.7538.9228.3354.1743.1267.4257.2539.5354.9793.19
Cash Conversion Cycle21.2233.7859.4460.0952.5534.039.078.1954.3025.47559.95
Working Capital Days14.9052.3852.6460.9433.313.21-23.34-109.50-339.12-674.83-486.67
ROCE %4.26%5.98%2.32%-14.17%-11.46%-34.39%-36.45%-46.54%-61.34%5.56%211.76%59.45%

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