Salona Cotspin Ltd.
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ABOUT
AI Sector View
AI GENERATEDTextiles
This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.
PROS
- Latest quarter profit grew 47.5% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 12.11x)
- Company has delivered good sales growth of 20.9% CAGR over last 5 years
- Working capital cycle has improved - days down from 16 to 12
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
CONS
- Company has a high debt-to-equity of 2.26x
- Company has a low return on equity of 4.6% over last 3 years
- Company has a low return on capital employed of 8.0%
- Interest coverage is weak at 1.2x - earnings barely cover interest
- Company has delivered a poor profit growth of -24.1% over past five years
- Valuation is stretched - P/E of 61.9 is well above its own 5-year median (38.8)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TRIDENT | 23.43 | 30.21 | 11939.82 | 2.13 | 158.09 | 12.95 | 1786.83 | 4.68 | 9.95 | 16.79 |
| SANATHAN | 474.60 | 65.95 | 4005.82 | 0.00 | 23.82 | -41.08 | 1334.74 | 79.08 | 7.09 | 8.10 |
| FILATEX | 87.86 | 20.41 | 3901.50 | 0.34 | 48.52 | 19.33 | 1145.30 | 9.14 | 17.15 | 6.85 |
| NITINSPIN | 651.35 | 17.29 | 3661.89 | 0.46 | 75.27 | 83.62 | 875.03 | 10.30 | 12.21 | 17.78 |
| PASHUPATI | 80.35 | 81.04 | 1268.24 | 0.00 | 7.25 | 276.04 | 130.01 | 9.71 | 11.31 | 9.49 |
| GHCLTEXTIL | 130.95 | 13.01 | 1251.70 | 0.46 | 39.35 | 191.05 | 408.94 | 52.73 | 6.30 | 16.90 |
| NAHARSPING | 273.40 | 13.02 | 986.03 | 0.37 | 69.88 | 337.83 | 966.10 | 17.92 | 3.37 | 13.16 |
| AMBIKCO | 1589.30 | 11.19 | 909.87 | 2.33 | 257.00 | 1514.32 | 2579.20 | 1243.47 | 11.47 | 15.28 |
| PRECOT | 658.30 | 15.44 | 789.96 | 0.61 | 26.61 | 135.43 | 245.73 | 24.78 | 11.19 | 20.16 |
| SUMEETINDS | 10.75 | 27.12 | 746.86 | 0.00 | 1.14 | -85.69 | 272.36 | 9.61 | 65.12 | 3.11 |
| RAJPALAYAM | 775.10 | 5.77 | 714.66 | 0.06 | 17.55 | -78.38 | 261.28 | 38.56 | 1.84 | 20.71 |
| SALONA | 268.95 | 61.89 | 141.53 | 0.22 | 22.56 | 1373.55 | 1966.02 | 1151.41 | 8.33 | 5.43 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 141 | 209 | 206 | 166 | 190 | 166 | 158 | 148 | 157 | 171 | 155 | 110 | 197 | |
| 134 | 199 | 200 | 160 | 182 | 158 | 149 | 142 | 147 | 162 | 148 | 102 | 194 | |
| Operating Profit | 6 | 10 | 7 | 7 | 8 | 8 | 9 | 6 | 10 | 9 | 8 | 8 | 3 |
| OPM % | 4.51% | 4.92% | 3.35% | 4.02% | 4.45% | 4.96% | 5.89% | 4.05% | 6.15% | 5.22% | 4.92% | 7.32% | 1.41% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 3 | 4 | 6 | 3 | 4 | 4 | 6 | 5 | 5 | 5 | 5 | 5 | 5 |
| Depreciation | 1 | 2 | 0 | 3 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 2 |
| Profit before Tax | 2 | 4 | 1 | 1 | 2 | 3 | 2 | -1 | 2 | 1 | 1 | 1 | 3 |
| Tax % | 7.24% | 52.35% | -19.83% | 34.31% | 3.81% | 22.06% | 14.13% | -96.62% | 24.26% | 8.55% | 60.71% | 280.26% | 20.03% |
| Net Profit | 2 | 2 | 1 | 1 | 2 | 2 | 2 | -3 | 2 | 1 | 0 | -1 | 2 |
| 3.91 | 3.28 | 2.74 | 1.71 | 4.32 | 4.16 | 3.01 | -5.54 | 2.91 | 2.03 | 0.62 | -2.59 | 4.29 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 121 | 107 | 133 | 122 | 230 | 647 | 487 | 722 | 662 | 594 | 633 | |
| 113 | 98 | 123 | 113 | 215 | 610 | 452 | 692 | 630 | 560 | 606 | |
| Operating Profit | 9 | 9 | 10 | 9 | 15 | 37 | 35 | 30 | 32 | 34 | 27 |
| OPM % | 7.07% | 8.72% | 7.57% | 7.01% | 6.42% | 5.78% | 7.15% | 4.18% | 4.83% | 5.78% | 4.33% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 2 | 3 | 4 | 4 | 4 | 7 | 9 | 15 | 19 | 20 | 20 |
| Depreciation | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 7 | 8 | 10 | 10 |
| Profit before Tax | 3 | 3 | 2 | 2 | 8 | 27 | 20 | 8 | 6 | 5 | 6 |
| Tax % | -20.52% | 3.09% | 29.15% | 38.23% | 20.10% | 26.02% | 13.27% | 27.08% | 43.40% | 67.40% | 59.11% |
| Net Profit | 3 | 2 | 2 | 1 | 6 | 20 | 18 | 6 | 3 | 2 | 2 |
| EPS | 0.00 | 0.00 | 0.00 | 2.23 | 8.00 | 37.60 | 33.39 | 11.64 | 5.95 | 2.97 | — |
| Dividend Payout % | 9.43% | 12.67% | 19.37% | 0.00% | 8.49% | 3.19% | 3.59% | 8.59% | 16.80% | 20.22% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 19%
- 5 Years:
- 21%
- 3 Years:
- 7%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -4%
- 5 Years:
- -24%
- 3 Years:
- -55%
STOCK PRICE CAGR
- 10 Years:
- 23%
- 5 Years:
- 5%
- 3 Years:
- 0%
- 1 Year:
- 8%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 16%
- 3 Years:
- 5%
- Last Year:
- 2%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| 23 | 25 | 26 | 27 | 33 | 52 | 69 | 74 | 77 | 78 | |
| 33 | 40 | 48 | 38 | 71 | 132 | 152 | 250 | 228 | 179 | |
| Trade Payables | 4 | 7 | 4 | 7 | 18 | 18 | 24 | 12 | 13 | 8 |
| 6 | 7 | 7 | 7 | 11 | 20 | 20 | 22 | 30 | 33 | |
| Total Liabilities | 71 | 83 | 90 | 83 | 138 | 228 | 270 | 364 | 354 | 304 |
| 17 | 15 | 26 | 24 | 27 | 43 | 41 | 70 | 106 | 122 | |
| Capital Work in Progress | 0 | 5 | 1 | 0 | 0 | 0 | 0 | 36 | 18 | 2 |
| 27 | 36 | 37 | 37 | 43 | 63 | 56 | 59 | 66 | 59 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 144 | 117 | 79 | |
| Cash & Bank | 0 | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 2 | 2 |
| 27 | 26 | 26 | 22 | 68 | 122 | 172 | 53 | 45 | 39 | |
| Total Assets | 71 | 83 | 90 | 83 | 138 | 228 | 270 | 364 | 354 | 304 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2 | 4 | 7 | 15 | -22 | -29 | -3 | -12 | 64 | 79 | |
| Cash from Investing | -2 | -7 | -10 | 0 | -5 | -20 | -3 | -72 | -26 | -10 |
| Cash from Financing | 3 | 3 | 4 | -14 | 29 | 54 | 8 | 84 | -38 | -69 |
| -2 | -0 | 0 | 0 | 0 | -0 | -0 | -0 | 0 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-01 - Salona Cotspin Limited has informed the Exchange about Copy of Newspaper Publication - Special Window for Transfer and Dematerialisation of Physical Securities open for a period from February 05, 2026 upto February 04, 2027
2026-09-01 - Salona Cotspin Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-08-29 - Salona Cotspin Limited has informed the Exchange about Copy of Newspaper published by the Company in Business Standard and Makkal Kural newspapers today i.e., August 29, 2026, regarding dispatch of Notice of the 32nd Annual General Meeting and Annual Report for the financial year 2025-2026 to the shareholders of the Company.
2026-08-28 - Pursuant to Regulation 34 (1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith a copy of the Annual Report of the Company for the financial year 2025-26.
2026-08-28 - Pursuant 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 the Annual Report 2025-26, to those shareholders who have not registered their e-mail addresses with the Company/Depositories.
2026-08-15 - Salona Cotspin Limited has informed the Exchange about Copy of Newspaper Publication- advertisement published by the Company in the following newspapers on August 15, 2026, regarding convening of the 32nd Annual General Meeting of the Company and requesting the shareholders to communicate their PAN and other details for availing tax exemptions from tax deducted at source on dividend.
2026-08-15 - Salona Cotspin Limited has informed the Exchange about Copy of Newspaper Publication for declaration of the Un-audited financial results of the Company for the quarter ended June 30, 2026
2026-08-14 - We 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 correct Record Date, being September 16, 2026. Accordingly, the Record Date shall be read as September 16, 2026.
2026-08-13 - Salona Cotspin Limited has informed the Exchange that Record date for the purpose of Dividend is 17-Sep-2026.
News
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Salona Cotspin Ltd.
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