MarketFriction

Salona Cotspin Ltd

NSE SALONA · BSE 590056 · Other Textile Products
₹254.35 -2.44%
NSE close2026-10-01
52 week range200.00 - 320.00
Market cap₹135 Cr.
P/E58.9
Price band 20% Delivery 74.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue from operations208.88206.42166.40190.01166.06158.29147.79157.10170.77155.49110.46196.60
Operating costs198.60199.51159.72181.57157.84148.97141.81147.44161.85147.83102.38185.92
EBITDA10.286.916.688.448.229.325.989.668.927.668.0810.68
EBITDA margin %4.92%3.35%4.01%4.44%4.95%5.89%4.05%6.15%5.22%4.93%7.31%5.43%
Depreciation & amortisation2.500.262.721.801.821.812.312.242.562.382.932.49
Finance costs4.215.532.714.313.645.775.125.445.234.684.635.42
Non-operating income0.050.090.110.040.050.10-0.030.040.040.240.240.05
Pre-tax profit3.621.211.362.372.811.84-1.482.021.170.840.762.82
Effective tax rate %51.93%-19.83%34.56%3.38%22.06%14.13%96.62%24.26%8.55%61.90%280.26%19.86%
Profit after tax1.731.440.902.272.191.58-2.921.531.070.33-1.372.26
Earnings per share (Rs)3.292.741.714.314.163.00-5.552.912.030.63-2.604.29
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue from operations100121107133122230647487722662594633
Operating costs9111397123113215610452692630559598
EBITDA99910915373530323435
EBITDA margin %9%7%9%8%7%6%6%7%4.2%4.8%6%6%
Depreciation & amortisation34443335781010
Finance costs3234447915192020
Non-operating income000000000011
Pre-tax profit33222827208656
Effective tax rate %17%-20%4%29%38%20%26%13%27%43%67%
Profit after tax23221620186322
Earnings per share (Rs)4.316.354.053.102.2211.7837.6133.3911.655.952.964.35
Paid out as dividend %18%10%15%20%0%9%3%4%9%17%205%
10 Years5 Years3 YearsTTM1 YearLast Year
Revenue CAGR19%21%7%1%
Profit CAGR-6%-28%-59%-4%
Share price CAGR24%6%1%10%
Average return on equity12%13%4%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Net block (property, plant)21181715262427434170106122
Capital work in progress00051000036182
Investments000000000000
Current & other assets334654636359112185229257230179
Total assets546471839083138228270364354304
Share capital555555555555
Reserves & surplus171923252627335269747778
Total debt26313543514077139157257239190
Other liabilities & provisions69810811243239273331
Equity + liabilities546471839083138228270364354304
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating cash flow100-34614-24-35-5-126479
Investing cash flow-0-1-2-7-100-5-20-3-72-26-10
Free cash flow (after capex)9-1-5-3-414-29-54-9-843769
Financing cash flow-102334-142954884-38-69
Net change in cash-12-2-0000-0-0-00-0
Cash conversion (OCF / EBITDA) %101%0%-35%43%64%167%-161%-93%-8%-35%198%233%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Return on capital employed %11%11%9%8%8%8%13%22%14%8%7%8%
Receivable days314665655041855492736449
Inventory days1011481151841461591244351344244
Payable days92217341629521222796
Cash cycle (days)123172163216181171157851211009886
Working capital days454950473641372543241510
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoter group %67.09%67.09%67.09%67.09%67.09%67.09%67.09%67.09%67.09%68.42%68.42%68.42%
Retail & others %32.91%32.91%32.91%32.91%32.91%32.91%32.91%32.91%32.91%31.58%31.58%31.58%
Shareholder count3,2272,9672,6072,8032,6892,6762,6802,6952,7212,8032,6602,560

Fundamentals

Market value₹ 135 Cr.
Last price₹ 261
P/E (trailing)58.9
Book value / share₹ 159
Return on capital8.26 %
Return on equity1.45 %
Dividend yield0.22 %
Face value₹ 10.0
Revenue CAGR (TTM)1%
Profit CAGR (TTM)-4%
Standalone figures.
Valuation
Market capRs 136 Cr
Enterprise valueRs 323 Cr
P/E (TTM)59.43x
Price to book1.62x
Price to sales0.21x
EV / EBITDA9.01x
EV / EBIT12.66x
EV / sales0.51x
Price to cash flow1.72x
Earnings yield1.68%
Dividend yield2.35%
P/E, 3-year average53.29x
P/B, 3-year average1.78x
P/E, 5-year average34.59x
P/B, 5-year average1.82x
Profitability
Operating margin (excl. other income)5.78%
Operating margin (incl. other income)5.87%
EBITDA margin5.67%
Pre-tax margin0.88%
Net profit margin0.36%
Net margin, latest quarter1.15%
ROE1.88%
ROCE8.33%
ROA0.47%
ROE, 3-year average4.57%
ROCE, 3-year average8.02%
ROA, 3-year average1.09%
ROE, 5-year average16.40%
ROCE, 5-year average11.98%
ROA, 5-year average4.23%
ROIC (approx.)3.07%
Tax rate67.43%
Other income / net worth0.67%
Growth
Sales growth (latest year)-10.31%
Profit growth (latest year)-50.16%
Sales CAGR, 3 years6.85%
Sales CAGR, 5 years20.89%
Profit CAGR, 3 years-55.39%
Profit CAGR, 5 years-24.12%
Sales growth QoQ77.98%
Sales growth YoY (latest quarter)25.14%
Profit growth YoY (latest quarter)47.71%
Per share
EPS (TTM)Rs 4.28
EPS (latest year)Rs 2.92
EPS (latest quarter)Rs 4.22
EPS, 3-year averageRs 6.74
EPS, 5-year averageRs 18.13
Book value per shareRs 156.57
Sales per shareRs 1,183.53
Cash flow per shareRs 148.14
Dividend per share (latest year)Rs 5.98
Dividend per share, 3-year averageRs 2.65
Dividend per share, 5-year averageRs 2.07
Dividends
Dividend payout205.13%
Dividend payout, 3-year average76.90%
Dividend payout, 5-year average47.52%
Efficiency
Asset turnover1.95x
Fixed asset turnover4.85x
Inventory turnover8.68x
Inventory days42 days
Debtor days49 days
Debtors turnover7.48x
Leverage
Total debtRs 190 Cr
Cash and bankRs 2 Cr
Net debtRs 187 Cr
Debt to equity2.26x
Net debt / EBITDA5.22x
Interest coverage1.28x
Owners' fund to total sources27.54%
Debt to assets62.33%
Cash flow
Operating cash flow (latest year)Rs 79 Cr
Investing cash flow (latest year)Rs -10 Cr
Financing cash flow (latest year)Rs -69 Cr
Net change in cash (latest year)Rs -0 Cr
Sales to cash flow7.49x
Statement figures
Net sales (TTM)Rs 633 Cr
Net sales (latest year)Rs 594 Cr
Sales (latest quarter)Rs 197 Cr
Operating profit excl. other income (latest year)Rs 34 Cr
Operating profit (latest quarter)Rs 11 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 36 Cr
PBDT (TTM)Rs 16 Cr
Profit before tax (TTM)Rs 6 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 2 Cr
Net profit (latest year)Rs 2 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 10 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 20 Cr
Cost of goods sold (latest year)Rs 509 Cr
Total expenditure (latest year)Rs 559 Cr
Total income (latest year)Rs 594 Cr
Share capitalRs 5 Cr
ReservesRs 78 Cr
Shareholders' fundsRs 84 Cr
Total assetsRs 304 Cr
Net blockRs 122 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 0 Cr
ReceivablesRs 79 Cr
InventoryRs 59 Cr
Other liabilitiesRs 31 Cr
Shares outstanding (crore)0.54
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 59.4 is at the 91th percentile of its own 9.2-year range (median 19.6, low 5.8, high 115.4).
P/B 1.62 is at the 37th percentile (median 1.74).
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.
PeriodSALONANifty 50Difference
1 week-7.3%-2.8% -4.5 pts
1 month-5.8%-6.8% +1.0 pts
3 months+1.5%-7.6% +9.1 pts
6 months-5.2%+0.4% -5.6 pts
1 year+5.3%-9.9% +15.2 pts
2 years-14.0%-13.6% -0.4 pts
3 years-0.9%+14.2% -15.1 pts
5 years+26.6%+27.9% -1.3 pts

Red flags

F-score 7 of 8
explainLow interest cover Interest cover 1.2x in 2026
lookAuditor change Auditor change 2026-06-30: Salona Cotspin Limited has informed the Exchange regarding Change in Auditors of the company.
lookRegulator order or action Regulator order or action 2026-01-08: Salona Cotspin Limited has informed the Exchange about Action(s) taken or orders passed
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 2026
Sales ₹197 Cr +25.1% vs Jun 2025. Net profit ₹2 Cr +47.7%.
Against our estimate for Jun 2026: sales +44.7%, profit +296.6% beat. Our estimate for Sep 2026: sales Rs 171 Cr, profit Rs 1 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-16Dividend - Re 0.60 Per Share
2025-09-12Dividend - Re 1 Per Share
2024-09-13Annual General Meeting/Dividend - Re 1 Per Share
2021-09-08 Annual General Meeting/Dividend - Re 1 Per Share
2020-09-11 Annual General Meeting
2019-09-04 Annual General Meeting/Dividend - Rs 0.60 Per Share
2017-09-19 Annual General Meeting/Dividend - Re 0.60 Per Share
2016-09-08 Annual General Meeting/Dividend - Re 0.75 Per Share
DateTypeWhat it says
2026-09-24CorrigendumCorrigendum to AGM Proceedings
2026-09-24Shareholder meetingVoting results.
2026-09-23Shareholder meetingProceedings of Annual General Meeting held on September 23, 2026
2026-08-28Shareholder meetingPursuant to Regulation 34 (1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith a copy of the Annual Rep...
2026-08-28General UpdatesPursuant to Regulation 36(1)(b) of the SEBI (LODR) Regulations, 2015, the Company has sent a letter providing a web-ink including the exact path of th...
2026-08-14Revised Record dateWe wish to clarify that, due to an inadvertent error in the aforesaid intimation, the Record Date was mentioned as September 17, 2026, instead of the ...
2026-08-13Record DateRecord date for the purpose of Dividend is 17-Sep-2026.
2026-08-13General UpdatesGeneral Updates - Appointment of Shanmugam R M as Independent Director subject to Shareholder approval in the AGM, Date of AGM of the Company to be he...
2026-08-13CessationCessation of Mr GAURAV JAIN as Non- Executive Independent Director of the company w.e.f. September 19, 2026.
2026-08-13AppointmentAppointment of Mr SHANMUGAM R M as Non- Executive Independent Director of the company w.e.f. August 13, 2026.
2026-08-13Board meeting outcomeSalona Cotspin Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-30Board meeting outcomeAppointment of Managing Director - Mr. Manoj Kumar Jhajharia and Mr Shyam Lal Agarwala as Chairman & Director
2026-06-30Board meeting outcomeOutcome of Board Meeting held on Jun 30, 2026 regarding appointment of Mr Manoj Kumar Jhajharia as Managing Director and Mr Shyam Lal Agarwala as Chai...
2026-06-30Change in AuditorsChange in Auditors of the company.
2026-06-30General UpdatesGeneral Updates
2026-06-30General UpdatesPursuant to Regulation 30(5) of SEBI (Listing Obligations and Disclosure Requirements), 2015, the Board of Directors has authorized the following pers...
2026-06-30Board meeting outcomeOutcome of Board meeting
2026-05-29DividendBoard of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 0.60 per equity share.
2026-05-29Board meeting outcomeSalona Cotspin Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-29Change in AuditorsChange in Auditors of the company.
2026-05-25General UpdatesIntimation to the shareholders holding shares in physical mode for updating their KYC details
2026-05-25General UpdatesIntimation to the shareholders regarding Transfer of Equity Shares in respect of which dividend has not been claimed for seven consecutive years to th...
2026-04-02Disclosure under SEBI TakeovShyam Lal Agarwala has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantia...
2026-02-09Board meeting outcomeWe wish to inform you that the Board of Directors of the Company at their meeting held on February 09, 2026, inter alia, had approved the Unaudited Fi...
2026-01-08Regulatory actionAction(s) taken or orders passed
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.
Less than 100 unique PAN traded in previous 30 daysScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Salona Cotspin Ltd?

Salona Cotspin Ltd (SALONA) has a market capitalisation of Rs 135 Cr. at the 2026-10-01 close.

What is the P/E ratio of Salona Cotspin Ltd?

Salona Cotspin Ltd trades at a P/E of 58.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Salona Cotspin Ltd's latest quarterly results?

In the Jun 2026 quarter, Salona Cotspin Ltd sales was Rs 197 Cr (+25.1% vs Jun 2025) and net profit was Rs 2 Cr.

What is the 52-week high and low of Salona Cotspin Ltd?

The 52-week high is Rs 320.00 and the 52-week low is Rs 200.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03