Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.13 | 0.10 | 0.48 | -0.00 | 0.10 | 0.33 | 0.34 | 1.93 | 1.74 | 3.32 | 10.91 | 17.83 |
| Expenses | 0.10 | 0.18 | 0.49 | 0.13 | 0.44 | 0.60 | 0.56 | 1.66 | 1.65 | 2.31 | 9.78 | 17.27 |
| Operating Profit | 0.03 | -0.08 | -0.01 | -0.13 | -0.34 | -0.27 | -0.22 | 0.27 | 0.09 | 1.01 | 1.13 | 0.56 |
| OPM % | 23.08% | -80.00% | -2.08% | -340.00% | -81.82% | -64.71% | 13.99% | 5.17% | 30.42% | 10.36% | 3.14% | |
| Other Income | 0.08 | 0.18 | 0.16 | 0.24 | 0.06 | 0.09 | 1.81 | 0.09 | 0.72 | 0.48 | 2.00 | 0.89 |
| Interest | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.02 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.03 | -0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Profit before tax | 0.08 | 0.07 | 0.12 | 0.06 | -0.29 | -0.21 | 1.56 | 0.33 | 0.78 | 1.46 | 3.08 | 1.41 |
| Tax % | -0.00% | -0.00% | -0.00% | -0.00% | 220.69% | 4.76% | -0.00% | -0.00% | -0.00% | -0.00% | -0.32% | 0.71% |
| Net Profit | 0.08 | 0.07 | 0.11 | 0.06 | -0.93 | -0.21 | 1.56 | 0.33 | 0.78 | 1.46 | 3.09 | 1.40 |
| EPS in Rs | 0.04 | 0.03 | 0.05 | 0.03 | -0.43 | -0.10 | 0.73 | 0.15 | 0.36 | 0.47 | 0.99 | 0.45 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 22.95 | 17.73 | 28.82 | 17.03 | 15.64 | 6.60 | 2.68 | 0.86 | -0.00 | 0.78 | 17.89 | 33.80 |
| Expenses | 22.77 | 19.53 | 30.39 | 21.23 | 18.34 | 8.21 | 3.60 | 1.03 | 0.91 | 1.74 | 15.41 | 31.01 |
| Operating Profit | 0.18 | -1.80 | -1.57 | -4.20 | -2.70 | -1.61 | -0.92 | -0.17 | -0.91 | -0.96 | 2.48 | 2.79 |
| OPM % | 0.78% | -10.15% | -5.45% | -24.66% | -17.26% | -24.39% | -34.33% | -19.77% | -1.11% | -123.08% | 13.86% | 8.25% |
| Other Income | 0.81 | 1.04 | 1.22 | 0.52 | 0.42 | -0.13 | -0.13 | 0.17 | 1.33 | 2.20 | 3.29 | 4.09 |
| Interest | 0.17 | 0.24 | 0.43 | 0.43 | 0.29 | 0.14 | 0.11 | 0.06 | 0.06 | 0.06 | 0.05 | 0.07 |
| Depreciation | 0.49 | 0.47 | 0.49 | 0.48 | 0.39 | 0.30 | 0.15 | 0.04 | 0.04 | 0.06 | 0.08 | 0.08 |
| Profit before tax | 0.33 | -1.47 | -1.27 | -4.59 | -2.96 | -2.18 | -1.31 | -0.10 | 0.32 | 1.12 | 5.64 | 6.73 |
| Tax % | 15.15% | 5.44% | 3.94% | -14.60% | -1.01% | -0.00% | 0.76% | 20.00% | -0.00% | 57.14% | -0.35% | |
| Net Profit | 0.28 | -1.54 | -1.32 | -3.91 | -2.94 | -2.18 | -1.32 | -0.12 | 0.32 | 0.48 | 5.66 | 6.73 |
| EPS in Rs | 0.13 | -0.72 | -0.61 | -1.82 | -1.37 | -1.01 | -0.61 | -0.06 | 0.15 | 0.22 | 1.81 | 2.27 |
| Dividend Payout % | 115.18% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | 17.61% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -2% | 22% | 175% | 1152% | ||
| Compounded Profit Growth | 45% | 38% | 336% | 797% | ||
| Stock Price CAGR | 35% | 136% | 190% | 465% | ||
| Return on Equity | % | % | % | 69% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 6.23 |
| Reserves | 8.88 | 8.77 | 6.83 | 5.52 | 1.59 | -1.35 | -3.53 | -4.82 | -4.92 | -4.60 | -1.94 | 7.79 |
| Borrowings | 0.20 | 1.08 | 2.52 | 4.80 | 3.45 | 1.92 | 2.01 | 0.87 | 0.63 | 0.63 | 1.28 | 0.59 |
| Other Liabilities | 2.56 | 1.80 | 1.88 | 3.40 | 2.56 | 3.51 | 2.25 | 3.18 | 1.93 | 0.94 | 1.44 | 3.07 |
| Total Liabilities | 15.94 | 15.95 | 15.53 | 18.02 | 11.90 | 8.38 | 5.03 | 3.53 | 1.94 | 1.27 | 5.08 | 17.68 |
| Fixed Assets | 1.94 | 2.89 | 3.08 | 3.12 | 2.23 | 2.08 | 1.25 | 0.84 | 0.60 | 0.21 | 0.76 | 2.82 |
| CWIP | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Investments | 2.36 | 2.88 | 2.96 | 2.71 | 1.81 | 0.19 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Other Assets | 11.64 | 10.18 | 9.49 | 12.19 | 7.86 | 6.11 | 3.78 | 2.69 | 1.34 | 1.06 | 4.32 | 14.86 |
| Total Assets | 15.94 | 15.95 | 15.53 | 18.02 | 11.90 | 8.38 | 5.03 | 3.53 | 1.94 | 1.27 | 5.08 | 17.68 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -2.64 | 1.56 | -1.78 | -3.43 | 0.82 | -0.24 | -0.90 | 0.76 | 0.07 | -0.20 | 0.30 | 2.94 |
| Cash from Investing Activity | 0.74 | -1.37 | 0.85 | 0.38 | 0.54 | 2.12 | 0.50 | 0.15 | 0.15 | 0.37 | -2.91 | -5.69 |
| Cash from Financing Activity | -0.62 | -0.29 | 0.79 | 1.92 | -1.72 | -1.72 | -0.08 | -1.20 | -0.30 | -0.06 | 2.77 | 5.28 |
| Net Cash Flow | -2.52 | -0.10 | -0.13 | -1.13 | -0.35 | 0.16 | -0.48 | -0.28 | -0.08 | 0.10 | 0.16 | 2.52 |
| Free Cash Flow | -2.93 | 0.12 | -2.44 | -3.95 | 0.89 | -0.24 | -0.45 | 0.87 | 0.22 | 0.17 | -2.61 | -1.28 |
| CFO/OP | -439% | 900% | 95% | 218% | -20% | 9% | 56% | -83% | 53% | 18% | -32% | 119% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 12.11 | 22.90 | 52.08 | 73.33 | 48.22 | 26.14 | 37.61 | 104.87 | 25.47 | 552.18 | 58.35 | |
| Inventory Days | 60.59 | 64.87 | 62.17 | 22.34 | 53.23 | 40.19 | 10.11 | 4.40 | -0.00 | 100.96 | 9.17 | |
| Days Payable | 38.92 | 28.33 | 54.17 | 43.12 | 67.42 | 57.25 | 39.53 | 54.97 | 93.19 | 23.17 | ||
| Cash Conversion Cycle | 33.78 | 59.44 | 60.09 | 52.55 | 34.03 | 9.07 | 8.19 | 54.30 | 25.47 | 559.95 | 44.35 | |
| Working Capital Days | 52.38 | 52.64 | 60.94 | 33.31 | 3.21 | -23.34 | -109.50 | -339.12 | -674.83 | -486.67 | 49.58 | |
| ROCE % | 5.98% | 2.32% | -14.17% | -11.46% | -34.39% | -36.45% | -46.54% | -61.34% | 5.56% | 211.76% | 59.45% | 62.36% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 0.00% | 0.00% | 62.50% | 62.50% | 62.50% | 62.50% | 62.50% | 62.50% | 62.50% | 62.50% | 43.11% | 43.11% |
| Public | 99.99% | 99.99% | 37.49% | 37.51% | 37.50% | 37.50% | 37.50% | 37.48% | 37.49% | 37.50% | 56.90% | 56.88% |
| No. of Shareholders | 2,195 | 2,208 | 2,158 | 2,119 | 2,097 | 2,071 | 2,104 | 2,077 | 2,430 | 2,412 | 2,820 | 3,122 |
Fundamentals
Market Cap₹ 282 Cr.
Current Price₹ 90.4
Stock P/E41.8
Book Value₹ 4.49
ROCE62.4 %
ROE69.1 %
Dividend Yield0.35 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)1152%
Compounded Profit Growth (TTM)797%
Standalone figures.
Valuation
Market capRs 310 Cr
Enterprise valueRs 306 Cr
P/E (TTM)46.10x
Price to book22.13x
Price to sales9.18x
EV / EBITDA44.55x
EV / EBIT45.07x
EV / sales9.07x
Price to cash flow105.53x
Earnings yield2.17%
Dividend yield0.32%
P/E, 3-year average7.84x
P/B, 3-year average-2.08x
P/E, 5-year average7.84x
P/B, 5-year average-1.84x
Profitability
Operating margin (excl. other income)13.86%
Operating margin (incl. other income)32.25%
EBITDA margin20.36%
Pre-tax margin19.91%
Net profit margin19.91%
Net margin, latest quarter7.85%
ROE69.11%
ROCE62.36%
ROA49.74%
ROE, 3-year average15.38%
ROCE, 3-year average115.11%
ROA, 3-year average28.26%
ROE, 5-year average-197.76%
ROCE, 5-year average49.29%
ROA, 5-year average9.91%
ROIC (approx.)66.58%
Tax rate-0.35%
Other income / net worth23.47%
Growth
Sales growth (latest year)2193.59%
Profit growth (latest year)1079.17%
Sales CAGR, 3 years175.02%
Sales CAGR, 5 years22.07%
Sales growth QoQ63.43%
Profit growth QoQ-54.69%
Sales growth YoY (latest quarter)823.83%
Profit growth YoY (latest quarter)324.24%
Per share
EPS (TTM)Rs 2.16
EPS (latest year)Rs 9.09
EPS (latest quarter)Rs 0.45
EPS, 3-year averageRs 3.65
EPS, 5-year averageRs 1.52
Book value per shareRs 4.50
Sales per shareRs 10.85
Cash flow per shareRs 0.94
Free cash flow per shareRs -0.41
Dividend per share (latest year)Rs 1.61
Dividend per share, 3-year averageRs 1.61
Dividend per share, 5-year averageRs 1.61
Dividends
Dividend payout17.67%
Dividend payout, 3-year average17.67%
Dividend payout, 5-year average17.67%
Efficiency
Asset turnover1.01x
Fixed asset turnover6.34x
Inventory turnover50.84x
Inventory days7 days
Debtor days58 days
Debtors turnover6.26x
Creditor days23 days
Cash conversion cycle44 days
Working capital days50 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 4 Cr
Net debtRs -4 Cr
Debt to equity0.04x
Net debt / EBITDA-0.55x
Interest coverage97.14x
Owners' fund to total sources79.30%
Debt to assets3.34%
Cash flow
Cash from Operating Activity (latest year)Rs 3 Cr
Cash from Investing Activity (latest year)Rs -6 Cr
Cash from Financing Activity (latest year)Rs 5 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -2 Cr
Cash from ops / profit, 5 years0.77x
Sales to cash flow6.08x
Statement figures
Net sales (TTM)Rs 34 Cr
Net sales (latest year)Rs 18 Cr
Sales (latest quarter)Rs 18 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 7 Cr
PBDT (TTM)Rs 7 Cr
Profit before tax (TTM)Rs 7 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs 6 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 10 Cr
Total expenditure (latest year)Rs 15 Cr
Total income (latest year)Rs 21 Cr
Share capitalRs 6 Cr
ReservesRs 8 Cr
Shareholders' fundsRs 14 Cr
Total assetsRs 18 Cr
Net blockRs 3 Cr
ReceivablesRs 3 Cr
InventoryRs 0 Cr
Other liabilitiesRs 3 Cr
Shares outstanding (crore)3.12
Ownership
Promoter holding43.11% (-19.39 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 46.1 is at the 15th percentile of its own 2.2-year range
(median 72.8, low 24.1, high 286.1).
P/B 22.13 is at the 88th percentile (median 1.57).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 526827 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +10.6% | -2.8% | +13.4 pts |
| 1 month | -79.4% | -6.8% | -72.6 pts |
| 3 months | -80.8% | -7.6% | -73.2 pts |
| 3 years | +2590.5% | +14.2% | +2576.4 pts |
| 5 years | +7864.0% | +27.9% | +7836.1 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was 47% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 15% of total assets in 2026 |
| explain | Share dilution Share count up 45% in a year, 45% in three |
| look | Profit leans on other income Other income was 58% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹18 Cr +823.8% vs Jun 2025.
Net profit ₹1 Cr +324.2%.
Activity
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|---|---|---|---|
| Titan Company Ltd | 415,040 | 71.1 | 20.5 % |
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| Bluestone Jewellery & Lifestyle Ltd | 12,315 | 219 | 6.78 % |
| P N Gadgil Jewellers Ltd | 8,612 | 19.2 | 21.0 % |
| Timex Group India Ltd | 7,360 | 82.5 | 82.8 % |
| Ethos Ltd | 6,662 | 63.1 | 10.4 % |
| Senco Gold Ltd | 5,363 | 9.40 | 21.2 % |
| Goldiam International Ltd | 4,861 | 23.0 | 25.8 % |
| KDDL Ltd | 4,836 | 49.3 | 11.7 % |
| Tribhovandas Bhimji Zaveri Ltd | 4,184 | 19.6 | 21.9 % |
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Spice Islands Industries Ltd?
Spice Islands Industries Ltd (526827) has a market capitalisation of Rs 282 Cr. at the 2026-10-01 close.
What is the P/E ratio of Spice Islands Industries Ltd?
Spice Islands Industries Ltd trades at a P/E of 41.8 on trailing twelve-month profit, at the 2026-10-01 close.
What were Spice Islands Industries Ltd's latest quarterly results?
In the Jun 2026 quarter, Spice Islands Industries Ltd sales was Rs 18 Cr (+823.8% vs Jun 2025) and net profit was Rs 1 Cr.