MarketFriction

Shekhawati Industries Ltd

NSE SHEKHAWATI · BSE 533301 · Other Textile Products
₹30.10 -4.99%
NSE close2026-10-01
52 week range9.12 - 31.68
Market cap₹106 Cr.
P/E8.57
ESM Price band 5%

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
Sales14.8713.1524.0816.5217.8715.2910.963.003.002.148.311.53
Expenses16.5513.6314.8614.9215.4613.9410.971.211.092.353.962.74
Operating Profit-1.68-0.489.221.602.411.35-0.011.791.91-0.214.35-1.21
OPM %-11.30%-3.65%38.29%9.69%13.49%8.83%-0.09%59.67%63.67%-9.81%52.35%-79.08%
Other Income12.135.09138.060.890.410.390.081.240.180.050.708.22
Interest0.010.010.010.010.010.010.010.010.010.040.040.10
Depreciation2.152.241.800.120.250.220.220.210.210.320.370.39
Profit before tax8.292.36145.472.362.561.51-0.162.811.87-0.524.646.52
Tax %0.00%0.00%0.04%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%2.45%
Net Profit8.292.36145.412.362.561.51-0.162.811.87-0.514.636.37
EPS in Rs2.400.6842.150.680.740.44-0.050.820.54-0.151.341.85
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales225931441471632936330377611615
Expenses22993149147175323803166155810
Operating Profit-4-0-5-0-12-3-17-1216585
OPM %-1.6%-0.2%-3.3%-0.0%-7%-10%-4.6%-4.0%21%9%51%32%
Other Income-67-45111120146229
Interest2200000000000
Depreciation121010101010998111
Profit before tax-104-56-14-9-21-11-24-211546913
Tax %0%-0%0%0%0%0%0%0%0%-0%0%
Net Profit-104-56-14-9-21-11-24-211546912
EPS in Rs-34.80-16.27-4.06-2.68-6.12-3.32-7.07-6.1444.631.822.563.58
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-23%-11%-62%-68%
Compounded Profit Growth8%22%34%84%
Stock Price CAGR6%29%69%34%
Return on Equity%%%49%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital223034343434343434343434
Reserves92-14-80-94-103-124-136-160-181-27-21-12
Borrowings145198194192192191204202202101
Other Liabilities5238201418153695436259
Total Liabilities311252169147140116106146108443832
Fixed Assets11513512611710798888174223
CWIP1366666600000
Investments000000000144
Other Assets18311136242712126535413325
Total Assets311252169147140116106146108443832
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity12-4441-01-25212-1-8
Cash from Investing Activity-50-2-211-00-1-248110
Cash from Financing Activity3846-2-2-1-11-3-1-61-0-0
Net Cash Flow0-0-00-00010-101
Free Cash Flow-37-4921-01-24173-1-10
CFO/OP45%1,210%-2,344%-32%-117%-14%37%-32%-27%86%-24%-116%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days89116602229654192357310
Inventory Days205211519336402444164,994
Days Payable431329214725079755825832,321
Cash Conversion Cycle651085335343-159-20-50-482-1642,684
Working Capital Days34-56-476-466-457-439-2,507-211-273229269
ROCE %11%-6%-6%-10%-7%-19%-11%-27%-32%35%57%47%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters57.49%57.49%57.52%57.80%58.02%58.02%62.37%64.12%64.12%64.12%64.13%64.09%
Public42.51%42.50%42.49%42.19%41.97%41.99%37.63%35.89%35.88%35.89%35.88%35.92%
No. of Shareholders10,72111,47412,81314,43916,63818,02718,19218,07617,61017,16516,91316,875

Fundamentals

Market Cap₹ 106 Cr.
Current Price₹ 30.7
Stock P/E8.57
Book Value₹ 6.38
ROCE47.3 %
ROE49.1 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-68%
Compounded Profit Growth (TTM)84%
Standalone figures.
Valuation
Market capRs 104 Cr
Enterprise valueRs 103 Cr
P/E (TTM)8.39x
Price to book4.72x
Price to sales6.93x
EV / EBITDA7.39x
EV / EBIT8.14x
EV / sales6.90x
Earnings yield11.91%
P/E, 3-year average6.94x
P/B, 3-year average36.43x
P/E, 5-year average6.94x
P/B, 5-year average21.08x
Profitability
Operating margin (excl. other income)50.58%
Operating margin (incl. other income)60.85%
EBITDA margin93.39%
Pre-tax margin83.51%
Net profit margin82.51%
Net margin, latest quarter416.34%
ROE50.09%
ROCE48.21%
ROA25.17%
ROE, 3-year average-36.36%
ROCE, 3-year average199.15%
ROA, 3-year average80.86%
ROE, 5-year average-14.40%
ROCE, 5-year average107.64%
ROA, 5-year average41.31%
ROIC (approx.)58.80%
Other income / net worth7.69%
Growth
Sales growth (latest year)-72.87%
Profit growth (latest year)40.29%
Sales CAGR, 3 years-62.15%
Sales CAGR, 5 years-10.53%
Sales growth QoQ-81.59%
Profit growth QoQ37.58%
Sales growth YoY (latest quarter)-49.00%
Profit growth YoY (latest quarter)126.69%
Per share
EPS (TTM)Rs 3.59
EPS (latest year)Rs 2.56
EPS (latest quarter)Rs 1.85
EPS, 3-year averageRs 2.95
EPS, 5-year averageRs 1.50
Book value per shareRs 6.38
Sales per shareRs 4.35
Cash flow per shareRs -2.35
Free cash flow per shareRs -2.90
Efficiency
Asset turnover0.52x
Fixed asset turnover4.77x
Inventory turnover0.17x
Inventory days2187 days
Debtor days10 days
Debtors turnover35.00x
Creditor days2321 days
Cash conversion cycle2684 days
Working capital days269 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 2 Cr
Net debtRs -0 Cr
Debt to equity0.06x
Net debt / EBITDA-0.03x
Interest coverage66.84x
Owners' fund to total sources68.93%
Debt to assets4.33%
Cash flow
Cash from Operating Activity (latest year)Rs -8 Cr
Cash from Investing Activity (latest year)Rs 10 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -10 Cr
FCFE (approx.: FCF + change in debt)Rs -9 Cr
Cash from ops / profit, 5 years0.08x
Statement figures
Net sales (TTM)Rs 15 Cr
Net sales (latest year)Rs 16 Cr
Sales (latest quarter)Rs 2 Cr
Operating profit excl. other income (latest year)Rs 8 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 9 Cr
EBITDA (TTM)Rs 14 Cr
PBDT (TTM)Rs 14 Cr
Profit before tax (TTM)Rs 13 Cr
Net profit (TTM)Rs 12 Cr
Net profit (latest year)Rs 9 Cr
Net profit (latest quarter)Rs 6 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 3 Cr
Total expenditure (latest year)Rs 8 Cr
Total income (latest year)Rs 18 Cr
Share capitalRs 34 Cr
ReservesRs -12 Cr
Shareholders' fundsRs 22 Cr
Total assetsRs 32 Cr
Net blockRs 3 Cr
InvestmentsRs 4 Cr
ReceivablesRs 0 Cr
InventoryRs 16 Cr
Other liabilitiesRs 9 Cr
Shares outstanding (crore)3.45
Ownership
Promoter holding64.09% (-0.03 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 8.4 is at the 59th percentile of its own 2.4-year range (median 6.1, low 0.1, high 14.4).
P/B 4.72 is at the 38th percentile (median 4.97).
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.
PeriodSHEKHAWATINifty 50Difference
1 week+15.4%-2.8% +18.1 pts
1 month+88.4%-6.8% +95.2 pts
3 months+109.0%-7.6% +116.6 pts
6 months+221.9%+0.4% +221.5 pts
1 year+35.5%-9.9% +45.4 pts
2 years-56.9%-13.6% -43.3 pts
3 years+4916.7%+14.2% +4902.5 pts
5 years+3662.5%+27.9% +3634.6 pts

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was 2% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 53% of total assets in 2026
lookInventory outrunning sales Inventory grew 78% vs sales -73% in 2026
lookOn NSE surveillance On NSE surveillance: ESM
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.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-23SKI Realtech Private LimitedPromoter groupbuy506,587SAST Others
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹2 Cr -49.0% vs Jun 2025. Net profit ₹6 Cr +126.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-06-25Annual General Meeting
2023-09-08Annual General Meeting
2022-09-21Annual General Meeting
2021-09-21 Annual General Meeting
2019-09-20 Annual General Meeting
2018-09-18 Annual General Meeting
2017-09-19 Annual General Meeting
2016-09-20 Annual General Meeting
2015-09-14 Annual General Meeting
2014-09-03Annual General Meeting
2013-09-19Annual General Meeting
2013-04-10Face Value Split From Rs.10 To Re.10.1000
2012-09-17Annual General Meeting
2011-09-16Annual General Meeting
DateTypeWhat it says
2026-09-21Disclosure of material issueShekhawati Industries Limited has informed regarding Disclosure of material issue
2026-09-18General UpdatesGeneral Updates
2026-09-15ResignationResignation of Mr Ravi Sanjay Jogi as Executive Director of the company w.e.f. September 15, 2026.
2026-09-15AppointmentAppointment of Mr Shrey Ruia as Executive Director of the company w.e.f. September 15, 2026.
2026-09-15Board meeting outcomeOutcome of Board Meeting held on September 15, 2026.
2026-09-11Disclosure of material issueShekhawati Industries Limited has informed regarding Disclosure of material issue
2026-09-11General UpdatesGeneral Updates
2026-08-12Board meeting outcomeShekhawati Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-23Disclosure under SEBI TakeovAltius Buildcon Private Ltd has submitted to  the Exchange a copy of Disclosure Under Regulation 29(1) of SEBI (SAST) Regulations, 2011.
2026-06-22ResignationResignation of Director/KMP/SMP
2026-06-22ResignationResignation of Mr SushilPodda as Independent Director of the company w.e.f. Jun 22, 2026.
2026-06-18Shareholder meetingVoting results.
2026-06-17Shareholder meetingProceedings of Annual General Meeting held on Jun 17, 2026
2026-06-10Disclosure under SEBI TakeovAltius Buildcon Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of Indi...
2026-05-26General UpdatesGeneral Updates
2026-05-15Board meeting outcomeOutcome of Board Meeting held on May 15, 2026.
2026-04-28Disclosure under SEBI TakeovAltius Buildcon Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of Indi...
2026-04-27Board meeting outcomeShekhawati Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-10Disclosure under SEBI TakeovMukesh Ramniranjan Ruia has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Subst...
2026-02-11General UpdatesGeneral Updates
2026-01-21Board meeting outcomeShekhawati Industries Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-01-21Board meeting outcomeBoard meeting held on January 21, 2026.
2025-12-15Disclosure of material issueShekhawati Industries Limited has informed regarding Disclosure of material issue
2025-11-17Updates.
2025-10-18Board meeting outcomeShekhawati Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
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.
ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03