Spinaroo CommercialShare price, financial results, shareholding and management
- Market cap
- ₹35 cr
- Stock P/E
- 64.3peers 15.6
- Book value
- ₹24.1
- Price to book
- 2.06
- EV / operating profit
- -
- Market cap to sales
- 0.88
- ROCE · FY26
- 6.0%
- ROE · FY26
- 4.4%
- ROE, 3-year average
- 17.3%
- Operating margin · FY26
- 3.6%peers 7.8%
- Sales growth, 3 years
- -9.6%
- Profit growth, 3 years
- -16.6%
- Debt to equity
- 0.39peers 0.39
- Borrowings
- ₹6.5 cr
- Interest cover
- 2.8×
- Cash from business / op. profit
- -452%
- Debtor days
- 46
- Pledged
- 0.00%
- Promoter holding
- 47.66%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 270
- 52-week high / low
- ₹71 / ₹27
- 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.
newboard is reading this company's filings. Its plain description, key points, management and study will appear here soon; the figures below are worked out from what it has filed.
Spinaroo Commercial share price chart
Close on 3 Nov 2026 · +2.41% on the day · Vol 6,000
Daily prices to 3 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 3 Nov 2026
- 1 month
- +27.4%
- 3 months
- -8.0%
- 6 months
- -17.2%
- 1 year
- -28.5%
- Traded a day, 20 days
- ₹0.03 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | -0% | -63% |
| 3 years, a year | -10% | -17% |
| Latest half, H2 FY26 | +9% | -89% |
Spinaroo Commercial revenue and profit growth
Half-yearly results · Profit and lossSales have fallen. Last year profit grew more slowly than sales, so the profit kept from each rupee of sales slipped.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.
Spinaroo Commercial half-yearly results
SME companies report every six months · ₹ crore
| H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|
| Sales | 21.02 | 18.30 | 19.37 | 19.90 |
| Expenses | 19.69 | 16.69 | 18.48 | 19.38 |
| Operating profit | 1.33 | 1.61 | 0.89 | 0.52 |
| OPM | 6.3% | 8.8% | 4.6% | 2.6% |
| Interest | 0.36 | 0.34 | 0.15 | 0.26 |
| Depreciation | 0.15 | 0.14 | 0.15 | 0.11 |
| Profit before tax | 0.82 | 1.14 | 0.59 | 0.16 |
| Net profit | 0.61 | 0.82 | 0.44 | 0.09 |
Spinaroo Commercial profit and loss
Full years to March, FY22 to FY26 · ₹ crore, consolidated where reported
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Sales | 47.43 | 53.12 | 40.84 | 39.31 | 39.27 |
| Expenses | 45.18 | 50.92 | 38.18 | 36.38 | 37.86 |
| Operating profit | 2.25 | 2.20 | 2.66 | 2.94 | 1.41 |
| OPM | 4.7% | 4.1% | 6.5% | 7.5% | 3.6% |
| Other income | 0.13 | 0.07 | 0.38 | 0.02 | 0.01 |
| Interest | 0.81 | 0.78 | 0.75 | 0.70 | 0.41 |
| Depreciation | 0.64 | 0.51 | 0.43 | 0.29 | 0.25 |
| Profit before tax | 0.93 | 0.98 | 1.86 | 1.97 | 0.75 |
| Tax rate | 44.1% | 5.1% | 24.7% | 26.9% | 28.0% |
| Net profit | 0.52 | 0.93 | 1.40 | 1.44 | 0.54 |
| EPS ₹ | 5.20 | 9.30 | 14 | 2.88 | 0.77 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Spinaroo Commercial profitability
Margins and returns on capitalLast year the company kept less from each rupee of sales than the year before. It earns a low return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Operating margin | 4.7% | 4.1% | 6.5% | 7.5% | 3.6% |
| Tax rate | 44.1% | 5.1% | 24.7% | 26.9% | 28.0% |
| ROCE | · | 13.7% | 19.6% | 18.5% | 6.0% |
| ROE | · | 22.3% | 26.3% | 21.3% | 4.4% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Spinaroo Commercial debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. Its loans are smaller than its own money. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Spinaroo Commercial balance sheet
At each 31 March · ₹ crore
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 5 | 6.99 |
| Reserves | 2.70 | 3.63 | 5.03 | 2.47 | 9.84 |
| Net worth | 3.70 | 4.63 | 6.03 | 7.47 | 16.83 |
| Borrowings | 9 | 8.44 | 7.52 | 7.79 | 6.51 |
| Other liabilities | 5.12 | 6.40 | 5.13 | 4.95 | 4.50 |
| Total liabilities | 17.82 | 19.47 | 18.68 | 20.21 | 27.84 |
| Fixed assets | 2.85 | 2.45 | 1.77 | 1.62 | 1.52 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0.32 |
| Investments | 0.24 | 0.24 | 0.41 | 0.43 | 1.74 |
| Other assets | 14.73 | 16.78 | 16.50 | 18.16 | 24.26 |
Spinaroo Commercial cash flow
₹ crore
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | 1.23 | 1.81 | -0.64 | 0.93 | -6.37 |
| Cash from investing | -0.33 | -0.11 | 0.74 | -0.13 | -1.78 |
| Cash from financing | -1.26 | -1.33 | -0.15 | -0.81 | 7.70 |
| Net cash flow | -0.36 | 0.37 | -0.05 | -0.01 | -0.45 |
Working capital
Days
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Debtor days | 30 | 32 | 34 | 36 | 46 |
| Inventory days | 73 | 76 | 119 | 142 | 190 |
| Days payable | 34 | 42 | 41 | 45 | 43 |
| Cash conversion cycle | 68 | 66 | 111 | 133 | 193 |
| Working capital days | 10 | 17 | 35 | 50 | 120 |
Spinaroo Commercial peers and competitors
Listed SME companies in the same industryBy sales, Spinaroo Commercial is number 7 of the 9 listed SME companies in paper, forest & jute products.
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 |
|---|---|---|---|---|---|---|
| NIKITA GREENTECH RECYCLING | 163 | 14.6 | 350 | 11.1 | 8.0% | 1.33 |
| Three M Paper Boards | 42 | 6.0 | 297 | 7 | 6.0% | 0.68 |
| Exim Routes | 173 | 16.9 | 207 | 10.2 | 6.7% | 0.23 |
| Aten Papers & Foam | 22 | 3.2 | 187 | 7 | 6.0% | 0.18 |
| Aaradhya Disposal Industries | 174 | 28.7 | 151 | 6.1 | 7.6% | 0.55 |
| Utkal Speciality Industries India | - | - | 55.3 | 7.3 | 19.5% | 0.56 |
| Spinaroo Commercial | 35 | 64.3 | 39.3 | 0.5 | 3.6% | 0.39 |
| Labelkraft Technologies | 20 | 15.6 | 25.1 | 1.3 | 8.4% | 0.15 |
| S. V. J. ENTERPRISES | 94 | 128.1 | 4.6 | 0.7 | 25.4% | 0.09 |
| Median of the 8 others | 94 | 15.6 | 169 | 7 | 7.8% | 0.39 |
Spinaroo Commercial shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own less than half the company, a little less than in the first filing shown. Big foreign and Indian funds own very little. The number of shareholders has grown a lot.
Spinaroo Commercial 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.
| Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | |
|---|---|---|---|---|---|---|
| Promoters | 66.67% | 47.66% | 47.66% | 47.66% | 47.66% | 47.66% |
| Number of shareholders | 9 | 269 | 249 | 281 | 262 | 270 |
Spinaroo Commercial latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹19.9 cr (+9%), net profit ₹0.1 cr (-89%) on H2 FY25.
- Shareholding, 30 June 2026: promoters unchanged at 47.66%.
Spinaroo Commercial announcements
3 on record, latest first; each opens the filing on the exchange
Spinaroo Commercial annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Spinaroo Commercial 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 Spinaroo Commercial's data · 8
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (69,94,000 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY24 (₹14.00) and FY25 (₹2.88) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY22 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Spinaroo Commercial
What does Spinaroo Commercial do?
Spinaroo Commercial is an SME company listed on BSE SME, in paper, forest & jute products.
What is the share price of Spinaroo Commercial?
₹49.7 at the close on 3 Nov 2026, from the exchange's daily figures.
What is the market cap of Spinaroo Commercial?
₹35 cr at the close on 3 Nov 2026, on 69,94,000 shares.
What is the P/E of Spinaroo Commercial?
64.3 times FY26 profit at the close on 3 Nov 2026 (our arithmetic).
What are Spinaroo Commercial's revenue and profit?
Revenue ₹39 cr and profit after tax ₹1 cr in FY26.
Who are the promoters of Spinaroo Commercial?
The promoter group; promoters held 47.66% at 30 June 2026.
What is Spinaroo Commercial's website?
www.spino.co.in
More SME companies like Spinaroo Commercial
Other listed SME companies in paper, forest & jute products, the closest in size first, each read from its own documents.
- Three M Paper BoardsTHREEMPAPE · BSE SME · Paper, Forest & Jute ProductsMarket cap ₹44 cr
- Aten Papers & FoamATENPAPERS · BSE SME · Paper, Forest & Jute ProductsMarket cap ₹24 cr
- Labelkraft TechnologiesLABELKRAFT · BSE SME · Paper, Forest & Jute ProductsMarket cap ₹20 cr
- S. V. J. ENTERPRISESSVJ · BSE SME · Paper, Forest & Jute ProductsMarket cap ₹80 cr
- Exim RoutesEXIMROUTES · NSE Emerge · Paper, Forest & Jute Products · listed 2025Market cap ₹135 cr
- NIKITA GREENTECH RECYCLINGNIKITA · NSE Emerge · Paper, Forest & Jute Products · listed 2025Market cap ₹165 cr
Built from 3 exchange announcements, 6 shareholding patterns and 5 years of reported results. Every figure carries its source; where the documents are silent, the page says so.