Spunweb Nonwoven Ltd.

•

₹ 1000.5%

2026-08-21

spunweb.comBSE: -NSE: SPUNWEB

Market Cap₹ 239 Cr.

Current Price₹ 100

High / Low₹ 174 / 80

Stock P/E10.3

Book Value₹ 21

Price to Book4.67

Dividend Yield0.00 %

ROCE22.3 %

ROE30.5 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Operating margins have improved to 13.9% from 9.3%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.73x)
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.2
Company converts assets efficiently - asset turnover of 1.6x

CONS

Company has a high debt-to-equity of 2.02x
Receivables are growing faster than sales - a possible quality concern
Equity base is being diluted - shares outstanding up 77.5%
Total debt has risen sharply - up 88.6% year on year
Though reporting repeated profits, the company pays out little dividend (0.0%)
Inventory has been piling up - inventory days up from 41 to 60

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

TextilesTextileTextile

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	PAGEIND	35400.00	0.00	39484.71	1.55	192.81	-3.98	1420.45	7.89	73.60	20.35
2.	KPRMILL	1122.45	42.05	38366.91	0.45	258.54	21.55	1935.52	14.77	20.16	19.37
3.	VTL	594.75	20.30	17216.57	0.84	314.56	51.46	2703.08	13.31	11.31	18.11
4.	WELSPUNLIV	181.25	61.68	17123.64	0.06	162.61	82.09	2795.45	23.66	15.04	11.53
5.	ARVIND	518.15	34.04	14095.79	0.87	57.77	5.61	2500.96	24.65	13.98	9.64
6.	MANYAVAR	542.75	32.73	13187.64	1.43	66.90	37.31	267.95	22.74	33.92	45.53
7.	PGIL	2410.95	35.88	11136.31	0.60	99.23	51.37	1528.26	24.46	22.42	10.72
8.	SWANCORP	302.25	42.38	9474.23	0.05	-35.99	-233.33	1013.75	-16.44	4.50	-0.38
9.	ICIL	444.15	58.30	8796.58	0.34	63.22	67.28	1206.96	25.89	8.73	11.88
10.	GARFIBRES	759.85	35.32	7419.81	1.18	64.60	21.56	482.37	31.35	20.98	18.70
11.	KUSUMGAR	565.70	60.48	5939.36	0.00	426.47	—	2472.47	—	26.15	30.50
12.	SPUNWEB	99.00	10.34	238.62	0.00	—	—	—	—	22.26	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	114	116	149	226
	107	105	133	195
Operating Profit	11	13	21	32
OPM %	9	11	14	14
Other Income	4	2	6	1
Interest	3	4	5	8
Depreciation	2	7	9	9
	5	2	7	16
Tax %	29	34	27	31
Net Profit	3	1	5	11
EPS	3	1	5	6
Dividend Payout %	0	0	0	0
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	2	1	3	6
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	2	1	3	6

Mar 2022

: 114
: 107
Operating Profit: 11
OPM %: 9
Other Income: 4
Interest: 3
Depreciation: 2
: 5
Tax %: 29
Net Profit: 3
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2023

: 116
: 105
Operating Profit: 13
OPM %: 11
Other Income: 2
Interest: 4
Depreciation: 7
: 2
Tax %: 34
Net Profit: 1
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2024

: 149
: 133
Operating Profit: 21
OPM %: 14
Other Income: 6
Interest: 5
Depreciation: 9
: 7
Tax %: 27
Net Profit: 5
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2025

: 226
: 195
Operating Profit: 32
OPM %: 14
Other Income: 1
Interest: 8
Depreciation: 9
: 16
Tax %: 31
Net Profit: 11
EPS: 6
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 26%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 48%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -30%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 20%
Last Year:: 30%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-
Equity Capital	10	10	10	18
	9	10	16	27
	6	11	15	46
Trade Payables	6	22	29	39
	53	40	36	52
Total Liabilities	85	93	106	182
ASSETS	-	-	-	-
	12	50	46	57
Capital Work in Progress	38	0	0	0
	9	10	24	50
	0	0	30	60
Cash & Bank	0	0	0	1
	26	33	6	13
Total Assets	85	93	106	182
Total Debt	56	50	48	91
Net Working Capital	10	1	6	21
Contingent Liabilities	0	0	0	0
Book Value per Share	19.20	20.33	25.77	25.38
Face Value	10.00	10.00	10.00	10.00
Total Debt	56	50	48	91
Net Working Capital	10	1	6	21
Contingent Liabilities	0	0	0	0
Book Value per Share	19.20	20.33	25.77	25.38
Face Value	10.00	10.00	10.00	10.00

Mar 2022

Equity Capital: 10
: 9
: 6
Trade Payables: 6
: 53
Total Liabilities: 85
: 12
Capital Work in Progress: 38
: 9
: 0
Cash & Bank: 0
: 26
Total Assets: 85
Total Debt: 56
Net Working Capital: 10
Contingent Liabilities: 0
Book Value per Share: 19.20
Face Value: 10.00
Total Debt: 56
Net Working Capital: 10
Contingent Liabilities: 0
Book Value per Share: 19.20
Face Value: 10.00

Mar 2023

Equity Capital: 10
: 10
: 11
Trade Payables: 22
: 40
Total Liabilities: 93
: 50
Capital Work in Progress: 0
: 10
: 0
Cash & Bank: 0
: 33
Total Assets: 93
Total Debt: 50
Net Working Capital: 1
Contingent Liabilities: 0
Book Value per Share: 20.33
Face Value: 10.00
Total Debt: 50
Net Working Capital: 1
Contingent Liabilities: 0
Book Value per Share: 20.33
Face Value: 10.00

Mar 2024

Equity Capital: 10
: 16
: 15
Trade Payables: 29
: 36
Total Liabilities: 106
: 46
Capital Work in Progress: 0
: 24
: 30
Cash & Bank: 0
: 6
Total Assets: 106
Total Debt: 48
Net Working Capital: 6
Contingent Liabilities: 0
Book Value per Share: 25.77
Face Value: 10.00
Total Debt: 48
Net Working Capital: 6
Contingent Liabilities: 0
Book Value per Share: 25.77
Face Value: 10.00

Mar 2025

Equity Capital: 18
: 27
: 46
Trade Payables: 39
: 52
Total Liabilities: 182
: 57
Capital Work in Progress: 0
: 50
: 60
Cash & Bank: 1
: 13
Total Assets: 182
Total Debt: 91
Net Working Capital: 21
Contingent Liabilities: 0
Book Value per Share: 25.38
Face Value: 10.00
Total Debt: 91
Net Working Capital: 21
Contingent Liabilities: 0
Book Value per Share: 25.38
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	15	17	10	3
Cash from Investing	-39	-6	-4	-9
Cash from Financing	24	-11	-5	6
	-0	-0	0	0
Free Cash Flow	15	11	6	-20
OCF / Net Profit	4.44	15.18	1.83	0.27
Cumulative 5-Year FCF	0	0	0	0
OCF / Net Profit	4.44	15.18	1.83	0.27
Cumulative 5-Year FCF	0	0	0	0

Mar 2022

: 15
Cash from Investing: -39
Cash from Financing: 24
: -0
Free Cash Flow: 15
OCF / Net Profit: 4.44
Cumulative 5-Year FCF: 0
OCF / Net Profit: 4.44
Cumulative 5-Year FCF: 0

Mar 2023

: 17
Cash from Investing: -6
Cash from Financing: -11
: -0
Free Cash Flow: 11
OCF / Net Profit: 15.18
Cumulative 5-Year FCF: 0
OCF / Net Profit: 15.18
Cumulative 5-Year FCF: 0

Mar 2024

: 10
Cash from Investing: -4
Cash from Financing: -5
: 0
Free Cash Flow: 6
OCF / Net Profit: 1.83
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.83
Cumulative 5-Year FCF: 0

Mar 2025

: 3
Cash from Investing: -9
Cash from Financing: 6
: 0
Free Cash Flow: -20
OCF / Net Profit: 0.27
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.27
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-
EPS (₹)	3.33	1.13	5.44	6.08
Book Value (₹)	19.20	20.33	25.77	25.38
Dividend per Share (₹)	0.00	0.00	0.00	0.00
Cash EPS (₹)	3.49	4.62	8.63	11.00
PROFITABILITY	-	-	-	-
Operating Margin %	9.31%	10.95%	10.20%	13.85%
Net Margin %	2.93%	0.97%	3.66%	4.77%
ROE %	17.35%	5.70%	23.61%	30.48%
ROCE %	10.90%	8.54%	16.67%	22.26%
	3.90%	1.26%	5.47%	7.50%
EFFICIENCY	-	-	-	-
Debtor Days	38	53	64	73
Inventory Days	29	30	41	60
Payable Days	24	59	83	74
	44	24	22	59
FINANCIAL HEALTH	-	-	-	-
Debt to Equity (x)	2.91x	2.44x	1.88x	2.02x
Interest Coverage (x)	2.35x	1.38x	2.64x	3.05x
	1.49x	1.04x	1.12x	1.21x
GROWTH	-	-	-	-
Revenue Growth %	0.00%	1.84%	28.20%	52.31%
Operating Profit Growth %	0.00%	19.72%	63.87%	54.60%
Net Profit Growth %	0.00%	-66.17%	382.94%	98.32%
	0.00%	0.00%	382.94%	11.71%
VALUATION	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	2.80x	3.37x

Mar 2022

EPS (₹): 3.33
Book Value (₹): 19.20
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.49
Operating Margin %: 9.31%
Net Margin %: 2.93%
ROE %: 17.35%
ROCE %: 10.90%
: 3.90%
Debtor Days: 38
Inventory Days: 29
Payable Days: 24
: 44
Debt to Equity (x): 2.91x
Interest Coverage (x): 2.35x
: 1.49x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 1.13
Book Value (₹): 20.33
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.62
Operating Margin %: 10.95%
Net Margin %: 0.97%
ROE %: 5.70%
ROCE %: 8.54%
: 1.26%
Debtor Days: 53
Inventory Days: 30
Payable Days: 59
: 24
Debt to Equity (x): 2.44x
Interest Coverage (x): 1.38x
: 1.04x
Revenue Growth %: 1.84%
Operating Profit Growth %: 19.72%
Net Profit Growth %: -66.17%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 5.44
Book Value (₹): 25.77
Dividend per Share (₹): 0.00
Cash EPS (₹): 8.63
Operating Margin %: 10.20%
Net Margin %: 3.66%
ROE %: 23.61%
ROCE %: 16.67%
: 5.47%
Debtor Days: 64
Inventory Days: 41
Payable Days: 83
: 22
Debt to Equity (x): 1.88x
Interest Coverage (x): 2.64x
: 1.12x
Revenue Growth %: 28.20%
Operating Profit Growth %: 63.87%
Net Profit Growth %: 382.94%
: 382.94%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 2.80x

Mar 2025

EPS (₹): 6.08
Book Value (₹): 25.38
Dividend per Share (₹): 0.00
Cash EPS (₹): 11.00
Operating Margin %: 13.85%
Net Margin %: 4.77%
ROE %: 30.48%
ROCE %: 22.26%
: 7.50%
Debtor Days: 73
Inventory Days: 60
Payable Days: 74
: 59
Debt to Equity (x): 2.02x
Interest Coverage (x): 3.05x
: 1.21x
Revenue Growth %: 52.31%
Operating Profit Growth %: 54.60%
Net Profit Growth %: 98.32%
: 11.71%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 3.37x

Shareholding Pattern

Numbers in percentages

TRADES

	Jul 2025	Sep 2025	Mar 2026
	65.18	65.18	65.27
	3.11	0.87	0.05
	8.24	5.47	5.06
Government	0.00	0.00	0.00
	23.47	28.49	29.61

Jul 2025

: 65.18
: 3.11
: 8.24
Government: 0.00
: 23.47

Sep 2025

: 65.18
: 0.87
: 5.47
Government: 0.00
: 28.49

Mar 2026

: 65.27
: 0.05
: 5.06
Government: 0.00
: 29.61

Documents

Announcements

Nothing filed yet.

Annual Reports

Nothing filed yet.

Credit Ratings

Nothing filed yet.

Concalls

May 2026
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