Salona Cotspin Ltd.
NSE: SALONA · Other Textile Products · sector
₹258.00NSE close 2026-10-26
Key numbers
Market cap₹68 cr
Price₹258.00
52w high / low₹320 / ₹200
P/E38.7xSector median 13.7x
P/B0.8xSector median 1.1x
Book value₹317.1
Dividend yield0.78%Sector median 0.51%
ROE2.8%Sector median 5.4%
ROCE9.3%Sector median 7.5%
OPM5.6%Sector median 6.6%
Debt / equity2.26xSector median 0.43x
EV/EBITDA7.2xSector median 9.6x
Interest cover1.3x
Current ratio1.12x
Sales growth 3y+6.8%Sector median +0.6%
Profit growth 3y-55.4%Sector median +1.1%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 222 companies in Other Textile Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2 cr vs borrowings ₹190 cr (FY26): borrowings are higher by ₹187 cr.
- Operating profit covered interest 1.3x in the last 12 months.
- 0.28% of the promoters' shares are pledged (0.2% of all shares).
- Promoter holding rose by 1.33 percentage points in a year, to 68.42% (2026-09-30).
- Operating cash flow was below net profit in 3 of the last 5 years (FY24, FY23, FY22).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 25% of net profit in the last 12 months.
- Debtor days went from 73 (FY24) to 49 (FY26).
- Dividend paid in 3 of the last 5 financial years.
- Price ₹258.00 on 2026-10-26: -19.4% from the 52-week high, +29.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹322.25 · low ₹223.54
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 166 | 158 | 148 | 157 | 171 | 155 | 110 | 197 |
| EBITDA | 8 | 9 | 6 | 10 | 9 | 8 | 8 | 11 |
| OPM % | 5.0% | 5.9% | 4.0% | 6.1% | 5.2% | 4.9% | 7.3% | 5.4% |
| Other income | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 2 | 2 | -3 | 2 | 1 | 0 | -1 | 2 |
| EPS (₹) | 4.16 | 3.01 | -5.54 | 5.82 | 2.03 | 1.24 | -5.18 | 8.58 |
| Revenue YoY | +2.8% | -1.8% | -25.3% | +25.1% | ||||
| Profit YoY | -51.1% | -79.1% | – | +47.7% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 647 | 487 | 722 | 662 | 594 | 633 |
| EBITDA | 37 | 35 | 30 | 32 | 34 | 35 |
| Net profit | 20 | 18 | 6 | 3 | 2 | 2 |
| EPS (₹) | 37.60 | 33.39 | 11.64 | 5.95 | 5.94 | 6.67 |
| Revenue growth | -24.8% | +48.3% | -8.3% | -10.3% | +0.7% | |
| Profit growth | -11.2% | -65.1% | -48.9% | -50.2% | -4.3% | |
| Dividend / share (₹) | 1.00 | – | – | 1.00 | 1.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +6.8% | +20.9% | +0.6% |
| Net profit | -55.4% | -24.1% | -4.3% |
| EPS | -43.8% | -12.8% | – |
| Share price | – | -2.1% (2y) | -11.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 74 | 80 | 83 | 84 |
| Borrowings | – | 157 | 257 | 239 | 190 |
| Cash & equivalents | – | 1 | 1 | 2 | 2 |
| Total assets | – | 270 | 364 | 354 | 304 |
| Fixed assets | – | 41 | 70 | 106 | 122 |
| Capital work in progress | – | 0 | 36 | 18 | 2 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 122 | 144 | 117 | 79 |
| Inventory | – | 56 | 59 | 66 | 59 |
| Payables | – | 24 | 12 | 14 | 8 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -35 | -5 | -12 | 64 | 79 |
| Cash from investing | -19 | -3 | -72 | -26 | -10 |
| Cash from financing | 54 | 8 | 84 | -38 | -69 |
| Capex | 20 | 4 | 72 | 26 | 11 |
| Free cash flow | -55 | -9 | -84 | 37 | 68 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 23.7% | 7.7% | 3.8% | 1.9% |
| ROCE % | – | 12.8% | 7.0% | 7.6% | 9.1% |
| Debtor days | – | 92 | 73 | 65 | 49 |
| Inventory days | – | 51 | 34 | 42 | 44 |
| Payable days | – | 22 | 7 | 9 | 6 |
| Cash conversion cycle (days) | – | 121 | 100 | 98 | 87 |
| Working capital days | – | 43 | 24 | 16 | 12 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 68.42% |
| Public (non-institutions) | 31.58% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 67.09% | 67.09% | 67.09% | 67.09% | 68.42% | 68.42% | 68.42% | 68.42% |
| Promoter group | % |
|---|---|
| Krishna Agarwal . | 8.66% |
| Shyamlal Agarwala . | 8.16% |
| Arun Kumar Jhajharia . | 6.47% |
| Pistadevi Jhajharia . | 6.18% |
| Manoj Kumar Jhajharia . | 6.12% |
| Pramod Kumar Jhajharia . | 6.06% |
| Mahesh Agarwal | 4.94% |
| Sheli Agarwal . | 4.50% |
| Sabita Agarwal . | 4.36% |
| Indu Agarwal | 3.67% |
| Raghav Agarwal . | 2.56% |
| Saloni Agarwal . | 2.25% |
| Shyamlal Agarwal Huf . | 0.78% |
| Arun Kumar Jhajharia (Huf) . | 0.76% |
| Santosh Kumar Agarwal | 0.57% |
| Public holders above 1% | % |
|---|---|
| Kuheli Dealcom Pvt Ltd | 3.52% |
| Haresh Kashinath Bhobe | 3.19% |
| Investor Education and Protection Fund (IEPF) | 2.65% |
| Pawan Haresh Bhobe | 1.27% |
| Tejas Harilal Gandhi | 1.16% |
2,519 shareholders. Pledged: 0.28% of promoter shares.
Peers in Other Textile Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SHRMFGC | ₹77,110 cr | – | – | – | – | – | – | – |
| SIYSIL | ₹43,629 cr | 184.0x | 29.9x | 17.3% | 19.4% | 12.6% | +4.8% | 0.12% |
| KPRMILL | ₹34,532 cr | 37.9x | 6.1x | 17.1% | 19.8% | 19.5% | +2.4% | 0.50% |
| WELSPUNLIV | ₹19,740 cr | 71.8x | 4.0x | 5.7% | 8.0% | 8.7% | +5.1% | 1.06% |
| VTL | ₹14,110 cr | 16.6x | 1.3x | 8.3% | 9.2% | 13.6% | -0.9% | 1.04% |
| TRIDENT | ₹10,513 cr | 26.4x | 2.2x | 8.4% | 10.0% | 12.9% | +1.9% | 2.41% |
| ICIL | ₹7,906 cr | 52.4x | 3.4x | 6.5% | 9.8% | 9.7% | +11.2% | 0.50% |
| GARFIBRES | ₹7,048 cr | 34.0x | 5.2x | 14.6% | 21.4% | 17.7% | +5.4% | 1.33% |
| KUSUMGAR | ₹5,714 cr | – | – | – | – | – | – | – |
| SALONA | ₹68 cr | 38.7x | 0.8x | 2.8% | 9.3% | 5.6% | +6.8% | 0.78% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-16 | Dividend | Dividend - Re 0.60 Per Share |
| 2025-09-12 | Dividend | Dividend - Re 1 Per Share |
| 2024-09-13 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2021-09-08 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
| 2020-09-11 | Other | Annual General Meeting |
| 2019-09-04 | Dividend | Annual General Meeting/Dividend - Rs 0.60 Per Share |
| 2017-09-19 | Dividend | Annual General Meeting/Dividend - Re 0.60 Per Share |
| 2016-09-08 | Dividend | Annual General Meeting/Dividend - Re 0.75 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY22
- Annual report FY21
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Other Textile Products |
| Sub-industry | Other Textile Products |
| Symbol | SALONA |
| BSE code | 590056 |
| ISIN | INE498E01010 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.