Price
Financials
Consolidated, Rs crore| Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2 | 5 | 6 | 7 | 9 | 12 | 20 | 34 | 34 | 47 | 44 | 58 |
| Operating costs | 2 | 5 | 5 | 7 | 9 | 11 | 18 | 31 | 30 | 42 | 37 | 53 |
| EBITDA | 0 | 0 | 1 | -0 | 0 | 1 | 2 | 3 | 4 | 5 | 7 | 5 |
| EBITDA margin % | 10% | 0.8% | 10% | -1.0% | 0.2% | 10% | 10% | 9% | 13% | 10% | 16% | 8% |
| Depreciation & amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Finance costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Non-operating income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7 |
| Pre-tax profit | 0 | 0 | 1 | -0 | 0 | 1 | 2 | 3 | 4 | 5 | 7 | -3 |
| Effective tax rate % | -5% | 67% | 27% | -50% | 25% | 25% | 25% | 25% | 25% | 25% | 25% | -22% |
| Profit after tax | 0 | 0 | 0 | -0 | 0 | 1 | 2 | 2 | 3 | 4 | 5 | -2 |
| Earnings per share (Rs) | 0.13 | 0.01 | 0.19 | -0.01 | 0.02 | 0.38 | 0.68 | 1.07 | 1.43 | 1.56 | 2.02 | -0.78 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Revenue from operations | 7 | 13 | 21 | 54 | 82 | 102 |
| Operating costs | 7 | 12 | 20 | 49 | 72 | 90 |
| EBITDA | 0 | 1 | 1 | 5 | 9 | 12 |
| EBITDA margin % | 3.5% | 4.0% | 6% | 10% | 12% | 12% |
| Depreciation & amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Finance costs | 0 | 0 | 0 | 0 | 0 | 1 |
| Non-operating income | 0 | 0 | 0 | 0 | 0 | -7 |
| Pre-tax profit | 0 | 1 | 1 | 5 | 9 | 4 |
| Effective tax rate % | 12% | 25% | 25% | 25% | 25% | 27% |
| Profit after tax | 0 | 0 | 1 | 4 | 7 | 3 |
| Earnings per share (Rs) | 0.10 | 0.18 | 0.39 | 1.75 | 2.90 | 1.09 |
| Paid out as dividend % | 0% | 0% | 0% | 0% | 1% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Revenue CAGR | % | 71% | 69% | 25% | ||
| Profit CAGR | % | 105% | 112% | 21% | ||
| Share price CAGR | % | 19% | 33% | -57% | ||
| Average return on equity | % | 32% | 37% | 31% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Net block (property, plant) | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Current & other assets | 6 | 7 | 12 | 25 | 58 | 114 |
| Total assets | 6 | 7 | 12 | 26 | 59 | 114 |
| Share capital | 1 | 1 | 1 | 1 | 2 | 13 |
| Reserves & surplus | 4 | 4 | 5 | 9 | 22 | 18 |
| Total debt | 1 | 1 | 2 | 1 | 6 | 20 |
| Other liabilities & provisions | 0 | 1 | 4 | 14 | 29 | 62 |
| Equity + liabilities | 6 | 7 | 12 | 26 | 59 | 114 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Operating cash flow | -2 | 0 | -1 | 1 | 2 | -24 |
| Investing cash flow | 0 | -0 | -0 | -0 | -0 | 0 |
| Free cash flow (after capex) | -2 | 0 | -1 | 1 | 2 | -24 |
| Financing cash flow | 2 | -0 | 1 | -1 | 11 | 19 |
| Net change in cash | 0 | 0 | 0 | -0 | 13 | -6 |
| Cash conversion (OCF / EBITDA) % | -892% | 65% | -83% | 26% | 34% | -181% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Return on capital employed % | 10% | 19% | 54% | 47% | 31% | |
| Receivable days | 279 | 173 | 179 | 118 | 119 | 174 |
| Inventory days | 22 | 13 | 25 | 53 | 65 | 123 |
| Payable days | 15 | 32 | 73 | 100 | 140 | 229 |
| Cash cycle (days) | 285 | 154 | 131 | 72 | 44 | 68 |
| Working capital days | 260 | 151 | 108 | 69 | 47 | 86 |
| Dec 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Apr 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter group % | 71.47% | 71.47% | 71.47% | 71.47% | 71.47% | 71.47% | 71.47% | 71.47% | 68.53% | 65.20% | 65.20% | 67.47% |
| Retail & others % | 28.53% | 28.53% | 28.54% | 28.54% | 28.53% | 28.53% | 28.54% | 28.54% | 31.47% | 34.79% | 34.80% | 32.52% |
| Shareholder count | 69 | 80 | 90 | 95 | 91 | 85 | 162 | 197 | 193 | 308 | 311 | 322 |
Fundamentals
Market value₹ 56.3 Cr.
Last price₹ 21.0
P/E (trailing)6.68
Book value / share₹ 11.8
Return on capital31.1 %
Return on equity30.6 %
Dividend yield0.00 %
Face value₹ 5.00
Revenue CAGR (TTM)25%
Profit CAGR (TTM)21%
Consolidated figures.
Valuation
Market capRs 53 Cr
Enterprise valueRs 54 Cr
P/E (TTM)133.45x
Price to book9.88x
Price to sales4.19x
EV / EBITDA85.71x
EV / EBIT87.09x
EV / sales4.24x
Price to cash flow197.70x
Earnings yield0.75%
Profitability
Operating margin (excl. other income)4.00%
Operating margin (incl. other income)4.94%
EBITDA margin4.94%
Pre-tax margin4.31%
Net profit margin3.14%
ROE7.69%
ROCE10.49%
ROA5.92%
ROIC (approx.)7.68%
Tax rate25.45%
Other income / net worth2.22%
Growth
Sales growth (latest year)85.32%
Profit growth (latest year)73.91%
Per share
EPS (TTM)Rs 0.15
EPS (latest year)Rs 1.43
Book value per shareRs 2.01
Sales per shareRs 4.75
Cash flow per shareRs 0.10
Free cash flow per shareRs -8.93
Efficiency
Asset turnover1.72x
Fixed asset turnover67.11x
Inventory turnover28.12x
Inventory days13 days
Debtor days173 days
Debtors turnover2.11x
Creditor days229 days
Cash conversion cycle68 days
Working capital days86 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 0 Cr
Net debtRs 1 Cr
Debt to equity0.13x
Net debt / EBITDA0.98x
Interest coverage8.86x
Owners' fund to total sources72.97%
Debt to assets9.59%
Cash flow
Operating cash flow (latest year)Rs 0 Cr
Investing cash flow (latest year)Rs -0 Cr
Financing cash flow (latest year)Rs -0 Cr
Net change in cash (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -24 Cr
FCFE (approx.: FCF + change in debt)Rs -24 Cr
Cash from ops / profit, 5 years-1.47x
Sales to cash flow47.22x
Statement figures
Net sales (TTM)Rs 13 Cr
Net sales (latest year)Rs 13 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 12 Cr
Total expenditure (latest year)Rs 12 Cr
Total income (latest year)Rs 13 Cr
Share capitalRs 1 Cr
ReservesRs 4 Cr
Shareholders' fundsRs 5 Cr
Total assetsRs 7 Cr
Net blockRs 0 Cr
ReceivablesRs 6 Cr
InventoryRs 0 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)2.69
Ownership
Promoter holding67.47% (-4.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 543244 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -12.8% | +0.4% | -13.2 pts |
| 1 month | -20.5% | -4.7% | -15.8 pts |
| 3 months | -12.9% | -7.0% | -5.9 pts |
| 3 years | +122.3% | +14.4% | +107.9 pts |
| 5 years | +130.2% | +25.8% | +104.4 pts |
| Holder | Now | vs last qtr | vs 1 yr |
|---|---|---|---|
| Promoter group | 67.47% | +2.27 | -4.00 |
| Retail & others | 32.52% | -2.28 | +3.98 |
| Shareholders | 322 | +125 |
Changes in percentage points. Quarter Mar 2026.
Red flags
F-score 7 of 8| explain | Weak cash conversion Cash from operations was -313% of net profit over the last 2 years |
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
Mar 2026Sales ₹58 Cr +70.6% vs Mar 2024.
Net loss ₹2 Cr.
Activity
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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 Shine Fashions (India) Ltd?
Shine Fashions (India) Ltd (543244) has a market capitalisation of Rs 56.3 Cr. at the 2026-10-09 close.
What is the P/E ratio of Shine Fashions (India) Ltd?
Shine Fashions (India) Ltd trades at a P/E of 6.68 on trailing twelve-month profit, at the 2026-10-09 close.
What were Shine Fashions (India) Ltd's latest quarterly results?
In the Mar 2026 quarter, Shine Fashions (India) Ltd sales was Rs 58 Cr (+70.6% vs Mar 2024) with a net loss of Rs 2 Cr.