Shreedhar SpinnersShare price, financial results, shareholding and management
- Market cap
- ₹334 cr
- Stock P/E
- 55.7peers 7.6
- Book value
- ₹14
- Price to book
- 11.14
- EV / operating profit
- -
- Market cap to sales
- 2.29
- ROCE · FY26
- 11.3%
- ROE · FY26
- 24.0%
- ROE, 3-year average
- 20.1%
- Operating margin · FY26
- 12.0%peers 11.0%
- Sales growth, 3 years
- +9.0%
- Profit growth, 3 years
- +100.0%
- Debt to equity
- 3.87peers 0.81
- Borrowings
- ₹116 cr
- Interest cover
- 2.2×
- Cash from business / op. profit
- 44%
- Debtor days
- 3
- Pledged
- 0.00%
- Promoter holding
- 70.48%
- Change in promoter holding
- -
- Shareholders
- 667
- High / low since listing
- ₹186 / ₹54
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Shreedhar Spinners share price chart
Close on 6 Nov 2026 · -2.50% on the day · Vol 5,000
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- -3.3%
- 3 months
- +49.3%
- Since IPO
- +194.3%
- Traded a day, 20 days
- ₹0.32 cr
- Taken for delivery
- 95%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +9% | +100% |
| 3 years, a year | - | - |
About Shreedhar Spinners: business, products and customers
Shreedhar Spinners spins raw cotton into cotton yarn at a mill in Amravati, Maharashtra, and sells it to fabric makers, yarn exporters and traders. Its shares trade on NSE Emerge.
Shreedhar Spinners was formed in December 2020 and started commercial production in the second half of FY23. Its mill in the Amravati textile park, in the cotton-growing Vidarbha region, spins compact cotton yarn in counts from Ne 10s to Ne 40s, used for denim, shirting, towels, bed linen, knitwear and industrial fabrics. It buys cotton bales from local ginners, traders and the Cotton Corporation of India, mostly during the October to March harvest.
It sells only to businesses, mainly in Maharashtra, and served 42 customers in FY26. Its parent, Shreedhar Cotsyn Private Limited, a cotton and yarn trading and export house set up in 2010, was a large buyer in its early years and still markets part of its yarn.
Read more about the business
What is new: a second unit at the same site began production in January 2026, taking the mill to 28,608 spindles, and the shares listed on NSE Emerge in July 2026. In August 2026 the board approved raising capacity from 10,000 to 12,000 tonnes of yarn a year to complete the second unit, aimed at more sales in Maharashtra and North India.
From the prospectus (June 2026) and the company's exchange filing of 4 August 2026.
Read the deeper study ↓In its favour
- It brings in more cash than it shows as profit: ₹8 cr against ₹6 cr in FY26.
- The promoters own a large part of the company: 70.48%.
To watch
- Capacity rising to 12,000 tonnes a year by the second quarter of FY28, at about ₹45.0 cr from profits and loans (Exchange filing, 4 Aug 2026, p.2).
- Spending of the issue money: ₹21.0 cr on working capital across FY27 and FY28 and ₹4.9 cr on machinery in FY27 (Prospectus, p.94).
- Repayment of the ₹38.0 cr State Bank of India loan for the second unit, with debt at 3.89 times equity in March 2026 (Prospectus, p.140 and p.211).
- Sales outside Maharashtra, which the August 2026 expansion is meant to grow, especially in North India (Exchange filing, 4 Aug 2026, p.2).
- Its borrowings rose a lot last year: ₹116 cr, from ₹65 cr.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Shreedhar Spinners revenue and profit growth
Half-yearly results · Profit and lossSales have grown steadily. Last year profit grew faster than sales, so the company kept more from each rupee of sales.
SME companies report every six months.
Shreedhar Spinners half-yearly results
SME companies report every six months · ₹ crore
| H1FY26 | |
|---|---|
| Sales | 70 |
| Expenses | 62 |
| Operating profit | 8 |
| OPM | 11.0% |
| Interest | 3 |
| Depreciation | 2 |
| Profit before tax | 4 |
| Net profit | 3 |
Shreedhar Spinners profit and loss
Full years to March, FY24 to FY26 · ₹ crore, consolidated where reported
| FY24 | FY25 | FY26 | |
|---|---|---|---|
| Sales | 126 | 134 | 146 |
| Expenses | 113 | 121 | 129 |
| Operating profit | 14 | 13 | 18 |
| OPM | 11.0% | 10.0% | 12.0% |
| Other income | 0 | 0 | 0 |
| Interest | 6 | 6 | 6 |
| Depreciation | 3 | 3 | 4 |
| Exceptional and other items | -1 | · | -1 |
| Profit before tax | 4 | 4 | 7 |
| Tax rate | 25.0% | 25.0% | 14.3% |
| Net profit | 3 | 3 | 6 |
| EPS ₹ | 2.23 | 2.28 | 3.94 |
| Dividend payout | 0.0% | 0.0% | 0.0% |
Exceptional and other items: profit before tax beyond operating profit, other income, interest and depreciation, such as one-off items or a share of associates' profit, as reported.
Shreedhar Spinners profitability
Margins and returns on capitalLast year the company kept about as much from each rupee of sales as the year before. It earns a moderate return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY24 | FY25 | FY26 | |
|---|---|---|---|
| Operating margin | 11.0% | 10.0% | 12.0% |
| Tax rate | 25.0% | 25.0% | 14.3% |
| ROCE | · | 12.2% | 11.3% |
| ROE | · | 16.2% | 24.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% |
Shreedhar Spinners debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. It borrowed much more last year. Its loans are now larger than its own money. Last year the business brought in more cash than it showed as profit. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take about as long to pay as they did in FY24.
Bars below the line are cash going out.
Shreedhar Spinners balance sheet
At each 31 March · ₹ crore
| FY24 | FY25 | FY26 | |
|---|---|---|---|
| Equity capital | 15 | 15 | 16 |
| Reserves | 2 | 5 | 14 |
| Net worth | 17 | 20 | 30 |
| Borrowings | 62 | 65 | 116 |
| Other liabilities | 13 | 17 | 26 |
| Total liabilities | 92 | 102 | 172 |
| Fixed assets | 62 | 59 | 119 |
| Capital work in progress | 1 | 8 | 0 |
| Investments | 0 | 0 | 0 |
| Other assets | 29 | 35 | 53 |
Shreedhar Spinners cash flow
₹ crore
| FY24 | FY25 | FY26 | |
|---|---|---|---|
| Cash from operations | 9 | 10 | 8 |
| Cash from investing | -1 | -8 | -55 |
| Cash from financing | -7 | -2 | 47 |
| Net cash flow | 1 | 0 | 0 |
Working capital
Days
| FY24 | FY25 | FY26 | |
|---|---|---|---|
| Debtor days | 3 | 4 | 3 |
| Inventory days | 58 | 62 | 94 |
| Days payable | 33 | 41 | 55 |
| Cash conversion cycle | 28 | 26 | 42 |
| Working capital days | 0 | 1 | -2 |
Shreedhar Spinners peers and competitors
Listed SME companies in the same industryBy sales, Shreedhar Spinners is number 26 of the 62 listed SME companies in textiles & apparels.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Purple United Sales | 480 | 31.6 | 171 | 15.2 | 20.9% | 1.15 |
| Cedaar Textile | 23 | - | 163 | -71.4 | -50.9% | 2.22 |
| Kaytex Fabrics | 79 | 4.6 | 161 | 17.4 | 18.6% | 0.21 |
| United Cotfab | 22 | 5.6 | 155 | 4 | 4.8% | 1.02 |
| Titaanium Ten Enterprise | 17 | 5.7 | 152 | 3 | 5.0% | 1.04 |
| Shreedhar Spinners | 334 | 55.7 | 146 | 6 | 12.0% | 3.87 |
| Avi Ansh Textile | 141 | 108.8 | 141 | 1.3 | 4.6% | 0.84 |
| Game Changers Texfab | 172 | 9.5 | 139 | 18 | 20.0% | 0.15 |
| Kiaasa Retail | 53 | 4.8 | 135 | 11 | 17.0% | 0.78 |
| NAPS Global India | 30 | 15.0 | 134 | 2 | 1.8% | 0.00 |
| Paramount Syntex | - | - | 122 | 14 | 19.0% | 0.77 |
| Median of the 10 others | 53 | 7.6 | 147 | 7.5 | 11.0% | 0.81 |
Shreedhar Spinners shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Foreign and Indian funds own a noticeable share.
Shreedhar Spinners shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Jun 26 | |
|---|---|
| Promoters | 70.48% |
| Foreign investors (FIIs) | 5.12% |
| Indian institutions (DIIs) | 7.46% |
| HNIs (over ₹2 lakh each) | 1.56% |
| Small holders (up to ₹2 lakh) | 13.50% |
| Companies and others | 1.88% |
| Number of shareholders | 667 |
The named holders are at 30 June 2026, each under the group the pattern files them in.
Shreedhar Spinners study: the business from its own documents
Read from 1 of the company's own documentsShreedhar Spinners so far
From the company's own record
- December 2020Company formed
- 1 July 2026Listed on NSE Emerge at ₹53
- 30 June 2026Promoters at 70.48%
- 22 Sept 2026Highest close since listing, ₹177.50
Shreedhar Spinners key facts from the filings
Each figure with the document it comes from
- Yarn capacity
- 10,000 tonnes
- Yearly cotton yarn capacity, running at about 95% in August 2026.Exchange filing, 4 Aug 2026, p.1 and p.2
- Spindles
- 28,608
- Spindles after the second unit started in January 2026, up from 18,240.Prospectus, p.144
- Next expansion
- ₹45.0 cr
- Approved in August 2026 to lift capacity to 12,000 tonnes a year by the second quarter of FY28, paid from profits and loans.Exchange filing, 4 Aug 2026, p.2
- Maharashtra
- 90.20%
- Share of FY26 sales made in Maharashtra; Gujarat came next.Prospectus, p.144
- Top ten customers
- 81.51%
- Share of FY26 sales from the ten largest buyers, all on single purchase orders; the largest gave 16.16%.Prospectus, p.141 and p.27
Show 5 more facts
- Sales to the parent
- 8.64%
- Share of FY26 revenue from the promoter company Shreedhar Cotsyn, down from 43.68% in FY24.Prospectus, p.26 and p.27
- Cotton cost
- Over 77%
- Share of FY26 sales spent on materials, mostly cotton bales bought at the day's market price.Prospectus, p.148 and p.29
- Debt to equity
- 3.89 times
- Borrowings against shareholders' funds at March 2026, including a ₹38.0 cr State Bank of India loan for the second unit.Prospectus, p.140 and p.211
- Issue money
- ₹27.6 cr
- Net proceeds: ₹21.0 cr for working capital and ₹4.9 cr for machinery at Amravati, with the rest for general purposes.Prospectus, p.93
- Repeat buyers
- 72.50%
- Share of FY26 sales from 15 customers who also bought the year before; 27 new customers gave the rest.Prospectus, p.141
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
The company has no order book; it sells on single purchase orders. On 4 August 2026 the board approved raising capacity from 10,000 to 12,000 tonnes of yarn a year by completing the second unit, at about ₹45.0 cr from profits and loans, and the company says the new capacity is likely to start by the second quarter of FY28. The prospectus plans to spend the issue money on working capital and machinery across FY27 and FY28.
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Shreedhar Spinners earns a thin margin between the price of cotton and the price of yarn, running a mill that is nearly full.
Its weak spots are high borrowings, buyers who order one lot at a time, and a market where many mills offer much the same yarn.
WatchCan it set its own prices?No. Cotton is bought at market prices and yarn is sold against many rivals, so the margin is set by the market.
AverageHow strong is it against rivals?It has a modern compact spinning mill in the cotton belt and a parent with export links, but spinning is crowded with large groups and small mills.
WatchWho are its customers?A few large buyers, mostly in one state, order on single purchase orders with no long-term contracts.
WatchDoes it need a lot of money?Yes. Spindles are costly, cotton must be stocked at harvest, and the mill is largely built on loans.
AverageCan it keep finding new work?It has steadily added buyers and leaned less on its parent, but most new sales still come from the same state.
AverageDo good and bad years swing a lot?Cotton prices and the harvest season move costs within the year, but sales and margins have held in a narrow band so far.
Who runs Shreedhar Spinners?
Promoters, directors and officers; tap a name for the background
DMDharmendra Mohandas GoyalPromoter, Chairman and Managing Director
A B.Com from the University of Mumbai and a chartered accountant, with over 25 years in textile fibres and yarns. Set up Shreedhar Cotsyn Private Limited in 2010 and built it into an export trading house; an elected member of the committee of administration of the Cotton Textiles Export Promotion Council (TEXPROCIL). Leads strategy, marketing and product quality. Pay of up to ₹1.0 cr a year from December 2025.
Prospectus, p.137, p.169, p.170 and p.171SCShreedhar Cotsyn Private LimitedPromoter and holding company · holds 67.64%
A cotton and yarn trading company formed in Mumbai in December 2010 and a government-recognised three star export house; owned mainly by Ram Krupa Properties, Dharmendra Mohandas Goyal, Sunita Dharmendra Goyal and Vishal Agarwal.
Prospectus, p.137 and p.186VAVishal AgarwalPromoter and Non-Executive Director
A B.Com from the University of Mumbai and a chartered accountant, with over 25 years running production at spinning mills and bringing in modern spinning methods. A director of several textile companies, including SRM Spinners and Siddhartha Super Spinning Mills.
Prospectus, p.169 and p.170SDSunita Dharmendra GoyalPromoter and Non-Executive Director
A B.Com from the University of Mumbai with over a decade in environment and social welfare work; President of the Rotary Club of Mumbai Divas for 2025 to 2026. On the board since October 2025. The prospectus states Sunita Dharmendra Goyal is the spouse of Dharmendra Mohandas Goyal.
Prospectus, p.169, p.170 and p.171VGVaresh GoyalPromoter and Chief Financial Officer
A BBA from Narsee Monjee Institute of Management Studies, with more than two years in consultancy and portfolio valuation, earlier at Kroll Global Solutions LLP; in finance at the holding company since 2023. Chief Financial Officer since November 2025. The prospectus states Varesh Goyal is the son of Dharmendra Mohandas Goyal and Sunita Dharmendra Goyal.
Prospectus, p.179 and p.171PAPooja AgarwalPromoter
A B.Com from the University of Mumbai and a chartered accountant with more than seven years in accounting and finance; a director of Ram Krupa Properties Private Limited. Not a director of the company.
Prospectus, p.185BUBhavsar Utsav SumantkumarIndependent Director
Holds an LL.B. and M.Com from Gujarat University and is a member of the Institute of Company Secretaries of India, with six years in corporate governance and compliance. On the board since December 2025.
Prospectus, p.170AMAtri Maheshvariben NileshkumarIndependent Director
Holds an MA from Saurashtra University and an M.Ed from the Indian Institute of Teacher Education, Gujarat, with about four years in teaching. On the board since December 2025.
Prospectus, p.170 and p.171Shreedhar Spinners latest news and announcements
Announcements · Documents · Corporate actionsShreedhar Spinners announcements
13 on record, latest first; each opens the filing on the exchange
- Shareholders meetingSrutinizers report of Extraordinary General Meeting held on October 09, 2026. Further, the company has informed the Exchange regarding voting resultsPDF ↗
- Shareholders meetingProceedings of Extraordinary General Meeting held on October 09, 2026PDF ↗
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Certificate under SEBI (Depositories and Participants) Regulations, 2018PDF ↗
- Copy of Newspaper PublicationNewspaper Publication for Corrigendum to the Notice of Extra Ordinary General Meeting (EGM)PDF ↗
- General UpdatesCorrigendum to the Notice of Extra-ordinary General MeetingPDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- Copy of Newspaper PublicationCopy of Newspaper PublicationPDF ↗
- Shareholders meetingNotice of Extraordinary General Meeting to be held on October 09, 2026PDF ↗
- Outcome of Board MeetingHeld on September 12, 2026PDF ↗
- Capacity additionCapacity additionPDF ↗
- Updates'Clarification on Price Movement'PDF ↗
- Price movementSignificant movement in price has been observed in Shreedhar Spinners Limited. The Exchange, in order to ensure that investors have latest relevant information PDF ↗
Shreedhar Spinners annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
Shreedhar Spinners share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Shreedhar Spinners' data · 9
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- iThe shares traded on only 71 days in the past year, so the price, its range and the returns here rest on few trades.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (2,14,38,000 shares).
- !The FY26 results imply 1,60,00,000 shares at face value ₹10, which disagrees with the shareholding pattern; the pattern is used.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓Earnings per share moves in line with profit across the years shown.
- ✓Revenue and profit are reported for every year shown, FY24 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Shreedhar Spinners
What does Shreedhar Spinners do?
Shreedhar Spinners spins raw cotton into cotton yarn at a mill in Amravati, Maharashtra, and sells it to fabric makers, yarn exporters and traders. Its shares trade on NSE Emerge.
What is the share price of Shreedhar Spinners?
₹156 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Shreedhar Spinners?
₹334 cr at the close on 6 Nov 2026, on 2,14,38,000 shares.
What is the P/E of Shreedhar Spinners?
55.7 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Shreedhar Spinners' revenue and profit?
Revenue ₹146 cr and profit after tax ₹6 cr in FY26.
Who are the promoters of Shreedhar Spinners?
Dharmendra Mohandas Goyal, Shreedhar Cotsyn Private Limited, Vishal Agarwal, Sunita Dharmendra Goyal, Varesh Goyal, Pooja Agarwal; promoters held 70.48% at 30 June 2026.
What was the IPO price of Shreedhar Spinners?
₹53 a share; it listed on 1 July 2026.
What is Shreedhar Spinners' website?
www.shreedharspinners.com
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Built from 1 offer document, 13 exchange announcements, 1 shareholding patterns and 3 years of reported results. Every figure carries its source; where the documents are silent, the page says so.