Shekhawati Industries Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Textile: 100.0%
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
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 242.6%
- Company has a good return on equity (ROE) track record: 3 Years ROE 37.2%
- Promoters have been increasing their shareholding - up 6.3pp over 2 years
- Latest quarter profit grew 126.6% YoY, showing strong momentum
- Operating margins have improved to 50.6% from -3.9%
CONS
- Operating cash flow has been negative in recent years
- Receivables are growing faster than sales - a possible quality concern
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.02x)
- Company's sales have been declining over the last five years
- Working capital days have increased from 35 to 390 days
- Effective tax rate is unusually low at 0.0% - earnings may be flattered
* 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 |
| SHEKHAWATI | 19.24 | 5.37 | 66.32 | 0.00 | 63.68 | 2162.97 | 15.30 | 409.49 | 50.62 | -78.76 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16 | 15 | 13 | 24 | 17 | 18 | 15 | 11 | 3 | 3 | 2 | 8 | 2 | |
| 16 | 17 | 14 | 15 | 15 | 15 | 14 | 11 | 1 | 1 | 2 | 4 | 3 | |
| Operating Profit | -0 | -2 | -1 | 9 | 2 | 2 | 1 | -0 | 2 | 2 | -0 | 4 | -2 |
| OPM % | -0.19% | -11.30% | -4.13% | 38.24% | 9.63% | 13.49% | 8.78% | -0.18% | 60.00% | 63.67% | -9.86% | 51.35% | -111.11% |
| 0 | 12 | 5 | 138 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 8 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before Tax | -2 | 8 | 2 | 145 | 2 | 3 | 2 | -0 | 3 | 2 | -1 | 5 | 7 |
| Tax % | -0.00% | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.00% | -0.00% | 0.00% | 0.00% | -0.00% | 0.00% | 2.41% |
| Net Profit | -2 | 8 | 2 | 145 | 2 | 3 | 2 | -0 | 3 | 2 | -1 | 5 | 6 |
| -0.06 | 2.41 | 0.68 | 42.18 | 0.07 | 0.74 | 0.44 | -0.05 | 0.82 | 0.54 | -0.15 | 1.34 | 1.85 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 93 | 144 | 147 | 163 | 29 | 363 | 303 | 77 | 61 | 16 | 15 | |
| 93 | 149 | 147 | 175 | 32 | 380 | 316 | 61 | 55 | 8 | 11 | |
| Operating Profit | -0 | -5 | -0 | -12 | -3 | -17 | -12 | 16 | 5 | 8 | 4 |
| OPM % | -0.19% | -3.33% | -0.04% | -7.31% | -10.33% | -4.59% | -4.03% | 20.95% | 8.81% | 50.56% | 28.24% |
| -45 | 1 | 1 | 1 | 1 | 2 | 0 | 146 | 2 | 2 | 9 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 8 | 1 | 1 | 1 |
| Profit before Tax | -56 | -14 | -9 | -21 | -11 | -24 | -21 | 154 | 6 | 9 | 13 |
| Tax % | 0.06% | -0.25% | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% | 0.04% | -0.20% | 0.00% | 1.25% |
| Net Profit | -56 | -14 | -9 | -21 | -11 | -24 | -21 | 154 | 6 | 9 | 12 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | -0.33 | -0.71 | -0.62 | 4.47 | 1.82 | 2.55 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -23%
- 5 Years:
- -11%
- 3 Years:
- -62%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 3%
- 5 Years:
- 21%
- 3 Years:
- 52%
- 1 Year:
- -21%
RETURN ON EQUITY
- 10 Years:
- 11%
- 5 Years:
- 22%
- 3 Years:
- 37%
- Last Year:
- 50%
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 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 |
| -80 | -94 | -103 | -124 | -136 | -160 | -181 | -27 | -21 | -12 | |
| 194 | 193 | 192 | 191 | 193 | 191 | 190 | 8 | 0 | 1 | |
| Trade Payables | 5 | 1 | 5 | 2 | 2 | 68 | 52 | 15 | 13 | 8 |
| 15 | 13 | 13 | 12 | 13 | 13 | 13 | 13 | 12 | 1 | |
| Total Liabilities | 169 | 147 | 140 | 116 | 106 | 146 | 108 | 44 | 38 | 32 |
| 126 | 117 | 107 | 98 | 88 | 81 | 74 | 2 | 2 | 3 | |
| Capital Work in Progress | 6 | 6 | 6 | 6 | 6 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 4 | |
| 4 | 5 | 6 | 1 | 0 | 34 | 1 | 1 | 9 | 16 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 1 | 0 | |
| Cash & Bank | 2 | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 2 |
| 30 | 18 | 21 | 11 | 11 | 30 | 32 | 27 | 22 | 6 | |
| Total Assets | 169 | 147 | 140 | 116 | 106 | 146 | 108 | 44 | 38 | 32 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 2 | 0 | 2 | -1 | 5 | 3 | 12 | -1 | -8 | |
| Cash from Investing | -2 | 1 | 1 | -0 | 0 | -1 | -2 | 48 | 1 | 10 |
| Cash from Financing | -2 | -2 | -1 | -1 | 1 | -3 | -1 | -61 | -0 | -0 |
| -0 | 0 | -0 | 0 | -0 | 1 | 0 | -1 | 0 | 1 |
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
2026-09-11 - Shekhawati Industries Limited has informed regarding Disclosure of material issue
2026-09-11 - Shekhawati Industries Limited has informed the Exchange about General Updates
2026-08-13 - Shekhawati Industries Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-12 - Shekhawati Industries Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-23 - Altius Buildcon Private Ltd has submitted to the Exchange a copy of Disclosure Under Regulation 29(1) of SEBI (SAST) Regulations, 2011.
2026-07-15 - Shekhawati Industries Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
2026-06-22 - Shekhawati Industries Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-06-22 - Shekhawati Industries Limited has informed the Exchange regarding Resignation of Mr SushilPodda as Independent Director of the company w.e.f. Jun 22, 2026.
2026-06-18 - Shekhawati Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 17, 2026. Further, the company has informed the Exchange regarding voting results.
News
Recent coverage and analyst commentary for SHEKHAWATI
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