Spice Islands Industries
Consumer Discretionary
526827 BSE
₹131.20
Close ·
- P/E
- 57.80
Close 3 Nov 2026 ₹131.20 +113.16 +627% 1Y
Start ₹18.04
Key Fundamentals
MicrocapJewellery & WatchesConsumer GoodsPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 62.40%
- Debt to Equity
- 0.04
- EPS (TTM)
- ₹2.27
- Book Value
- ₹4.50
- Market Cap
- —
- P/E (TTM)
- 57.80
- P/B
- 29.16
- ROE
- 69.10%
- Dividend Yield
- 1.34%
- EBITDA
- ₹5.80 Cr
- 52W High
- ₹141.00
- 52W Low
- ₹17.64
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
61 Good
Data confidence 95/100
Category scores
- Quality
- 67
- Strong
- Returns, margins, earnings quality 22% weight
- Valuation
- 29
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 99
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 85
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 99
- Strong
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
4- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 37.7% CAGR over last 5 years
- Debtor days have improved from 305 to 58.4 days.
Weaknesses
2- Stock is trading at 22.6 times its book value
- Earnings include an other income of Rs.4.09 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bullish | 0 | 5 | 14 |
| Oscillators | Bullish | 0 | 5 | 4 |
| Moving Averages | Strong Bullish | 0 | 0 | 10 |
Oscillators
Bullish
Bearish
0
Neutral
5
Bullish
4
Overall
Strong Bullish
Bearish
0
Neutral
5
Bullish
14
Moving Averages
Strong Bullish
Bearish
0
Neutral
0
Bullish
10
Key readings
- RSI (14)
- 68.13
- Neutral
- MACD (12,26,9)
- 9.14
- Bullish
- SMA (50)
- 105.51
- Bullish
- SMA (200)
- 80.59
- Bullish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −2.46% |
|---|---|
| 5Y | +22.07% |
| 3Y | +175.02% |
| 1Y | Tiny base |
| TTM | Tiny base |
Net profit
| 10Y | +35.07% |
|---|---|
| 5Y | Turned to profit |
| 3Y | Turned to profit |
| 1Y | Tiny base |
| TTM | +797.33% |
Operating cash flow
| 10Y | +6.54% |
|---|---|
| 5Y | Turned positive |
| 3Y | +247.60% |
| 1Y | +880.00% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | +13.08 pp |
|---|---|
| 5Y | +38.25 pp |
| 3Y | +33.63 pp |
| 1Y | +136.94 pp |
| TTM | +28.99 pp |
Revenue by year
| Mar 2017 | ₹17.73 Cr |
|---|---|
| Mar 2018 | ₹28.82 Cr |
| Mar 2019 | ₹17.03 Cr |
| Mar 2020 | ₹15.64 Cr |
| Mar 2021 | ₹6.60 Cr |
| Mar 2022 | ₹2.68 Cr |
| Mar 2023 | ₹0.86 Cr |
| Mar 2024 | ₹0.00 Cr |
| Mar 2025 | ₹0.78 Cr |
| Mar 2026 | ₹17.89 Cr |
Net profit by year
| Mar 2017 | −₹1.54 Cr |
|---|---|
| Mar 2018 | −₹1.32 Cr |
| Mar 2019 | −₹3.91 Cr |
| Mar 2020 | −₹2.94 Cr |
| Mar 2021 | −₹2.18 Cr |
| Mar 2022 | −₹1.32 Cr |
| Mar 2023 | −₹0.12 Cr |
| Mar 2024 | ₹0.32 Cr |
| Mar 2025 | ₹0.48 Cr |
| Mar 2026 | ₹5.66 Cr |
Quarterly Results
₹ Cr| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.2 | 0.13 | 0.1 | 0.48 | 0 | 0.1 | 0.33 | 0.34 | 1.93 | 1.74 | 3.32 | 10.91 | 17.83 |
| Expenses | 0.13 | 0.1 | 0.18 | 0.49 | 0.13 | 0.44 | 0.6 | 0.56 | 1.66 | 1.65 | 2.31 | 9.78 | 17.27 |
| Operating Profit | 0.07 | 0.03 | −0.08 | −0.01 | −0.13 | −0.34 | −0.27 | −0.22 | 0.27 | 0.09 | 1.01 | 1.13 | 0.56 |
| OPM % | 35% | 23.08% | −80% | −2.08% | — | −340% | −81.82% | −64.71% | 13.99% | 5.17% | 30.42% | 10.36% | 3.14% |
| Other Income | 0.01 | 0.08 | 0.18 | 0.16 | 0.24 | 0.06 | 0.09 | 1.81 | 0.09 | 0.72 | 0.48 | 2 | 0.89 |
| Interest | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.02 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | −0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| PBT | 0.05 | 0.08 | 0.07 | 0.12 | 0.06 | −0.29 | −0.21 | 1.56 | 0.33 | 0.78 | 1.46 | 3.08 | 1.41 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 220.69% | 4.76% | 0% | 0% | 0% | 0% | −0.32% | 0.71% |
| Net Profit | 0.05 | 0.08 | 0.07 | 0.11 | 0.06 | −0.93 | −0.21 | 1.56 | 0.33 | 0.78 | 1.46 | 3.09 | 1.4 |
| EPS (₹) | 0.02 | 0.04 | 0.03 | 0.05 | 0.03 | −0.43 | −0.1 | 0.73 | 0.15 | 0.36 | 0.47 | 0.99 | 0.45 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.11 | 22.95 | 17.73 | 28.82 | 17.03 | 15.64 | 6.6 | 2.68 | 0.86 | 0 | 0.78 | 17.89 | 33.8 |
| Expenses | 23.52 | 22.77 | 19.53 | 30.39 | 21.23 | 18.34 | 8.21 | 3.6 | 1.03 | 0.91 | 1.74 | 15.41 | 31.01 |
| Operating Profit | 0.59 | 0.18 | −1.8 | −1.57 | −4.2 | −2.7 | −1.61 | −0.92 | −0.17 | −0.91 | −0.96 | 2.48 | 2.79 |
| OPM % | 2.45% | 0.78% | −10.15% | −5.45% | −24.66% | −17.26% | −24.39% | −34.33% | −19.77% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | −123.08% | 13.86% | 8.25% |
| Other Income | 0.77 | 0.81 | 1.04 | 1.22 | 0.52 | 0.42 | −0.13 | −0.13 | 0.17 | 1.33 | 2.2 | 3.29 | 4.09 |
| Interest | 0.15 | 0.17 | 0.24 | 0.43 | 0.43 | 0.29 | 0.14 | 0.11 | 0.06 | 0.06 | 0.06 | 0.05 | 0.07 |
| Depreciation | 0.39 | 0.49 | 0.47 | 0.49 | 0.48 | 0.39 | 0.3 | 0.15 | 0.04 | 0.04 | 0.06 | 0.08 | 0.08 |
| PBT | 0.82 | 0.33 | −1.47 | −1.27 | −4.59 | −2.96 | −2.18 | −1.31 | −0.1 | 0.32 | 1.12 | 5.64 | 6.73 |
| Tax % | 25.61% | 15.15% | 5.44% | 3.94% | −14.6% | −1.01% | 0% | 0.76% | 20% | 0% | 57.14% | −0.35% | — |
| Net Profit | 0.61 | 0.28 | −1.54 | −1.32 | −3.91 | −2.94 | −2.18 | −1.32 | −0.12 | 0.32 | 0.48 | 5.66 | 6.73 |
| EPS (₹) | 0.28 | 0.13 | −0.72 | −0.61 | −1.82 | −1.37 | −1.01 | −0.61 | −0.06 | 0.15 | 0.22 | 1.81 | 2.27 |
| Div. Payout % | 105.74% | 115.18% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 17.61% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 4.3 | 6.23 |
| Reserves | 8.88 | 8.77 | 6.83 | 5.52 | 1.59 | −1.35 | −3.53 | −4.82 | −4.92 | −4.6 | −1.94 | 7.79 |
| Borrowings | 0.2 | 1.08 | 2.52 | 4.8 | 3.45 | 1.92 | 2.01 | 0.87 | 0.63 | 0.63 | 1.28 | 0.59 |
| Other Liabilities | 2.56 | 1.8 | 1.88 | 3.4 | 2.56 | 3.51 | 2.25 | 3.18 | 1.93 | 0.94 | 1.44 | 3.07 |
| Total Liabilities | 15.94 | 15.95 | 15.53 | 18.02 | 11.9 | 8.38 | 5.03 | 3.53 | 1.94 | 1.27 | 5.08 | 17.68 |
| Fixed Assets | 1.94 | 2.89 | 3.08 | 3.12 | 2.23 | 2.08 | 1.25 | 0.84 | 0.6 | 0.21 | 0.76 | 2.82 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2.36 | 2.88 | 2.96 | 2.71 | 1.81 | 0.19 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 11.64 | 10.18 | 9.49 | 12.19 | 7.86 | 6.11 | 3.78 | 2.69 | 1.34 | 1.06 | 4.32 | 14.86 |
| Total Assets | 15.94 | 15.95 | 15.53 | 18.02 | 11.9 | 8.38 | 5.03 | 3.53 | 1.94 | 1.27 | 5.08 | 17.68 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −2.64 | 1.56 | −1.78 | −3.43 | 0.82 | −0.24 | −0.9 | 0.76 | 0.07 | −0.2 | 0.3 | 2.94 |
| Investing | 0.74 | −1.37 | 0.85 | 0.38 | 0.54 | 2.12 | 0.5 | 0.15 | 0.15 | 0.37 | −2.91 | −5.69 |
| Financing | −0.62 | −0.29 | 0.79 | 1.92 | −1.72 | −1.72 | −0.08 | −1.2 | −0.3 | −0.06 | 2.77 | 5.28 |
| Net Cash Flow | −2.52 | −0.1 | −0.13 | −1.13 | −0.35 | 0.16 | −0.48 | −0.28 | −0.08 | 0.1 | 0.16 | 2.52 |
| Free Cash Flow | −2.93 | 0.12 | −2.44 | −3.95 | 0.89 | −0.24 | −0.45 | 0.87 | 0.22 | 0.17 | −2.61 | −1.28 |
| CFO/OP | −439 | 900 | 95 | 218 | −20 | 9 | 56 | −83 | 53 | 18 | −32 | 119 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 12.11 | 22.9 | 52.08 | 73.33 | 48.22 | 26.14 | 37.61 | 105 | 25.47 | — | 552 | 58.35 |
| Inventory Days | 60.59 | 64.87 | 62.17 | 22.34 | 53.23 | 40.19 | 10.11 | 4.4 | 0 | — | 101 | 9.17 |
| Days Payable | 38.92 | 28.33 | 54.17 | 43.12 | 67.42 | 57.25 | 39.53 | 54.97 | — | — | 93.19 | 23.17 |
| Cash Conversion Cycle | 33.78 | 59.44 | 60.09 | 52.55 | 34.03 | 9.07 | 8.19 | 54.3 | 25.47 | — | 560 | 44.35 |
| Working Capital Days | 52.38 | 52.64 | 60.94 | 33.31 | 3.21 | −23.34 | −110 | −339 | −675 | — | −487 | 49.58 |
| ROCE % | 5.98% | 2.32% | −14.17% | −11.46% | −34.39% | −36.45% | −46.54% | −61.34% | 5.56% | 211.76% | 59.45% | 62.36% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Spice Islands Industries insights
61 extracted metrics across FY11–FY27.
Documents
- 19 Mar 2024
- 31 Jan 2023
- 25 Nov 2021
- 28 Sep 2020
- 27 Jun 2019
- 27 Sep 2026
- 5 Sep 2026
Frequently Asked Questions about Spice Islands Industries
What does Spice Islands Industries Ltd do?
Incorporated in 1988, Spice Islands Industries Ltd manufactures textiles and has diversified into various other activities
Where is Spice Islands Industries Ltd (SPICEISLIN) listed?
Spice Islands Industries Ltd trades under code 526827 on the BSE.
Which sector does Spice Islands Industries Ltd belong to?
Spice Islands Industries Ltd is classified under the Consumer Discretionary sector, in the Consumer Durables industry.
What is the PE ratio of Spice Islands Industries Ltd?
Spice Islands Industries Ltd trades at a PE ratio of 57.80 as of 3 Nov 2026, on earnings per share of ₹2.27, against a book value of ₹4.5 per share.
What is the 52-week high and low of Spice Islands Industries Ltd?
Over the last 52 weeks Spice Islands Industries Ltd has traded between ₹17.64 and ₹141 as of 3 Nov 2026.
Does Spice Islands Industries Ltd pay dividends?
Spice Islands Industries Ltd has a dividend yield of 1.34%.
What is the Return on Equity (ROE) of Spice Islands Industries Ltd?
Spice Islands Industries Ltd reported a return on equity of 69.10%. Its debt-to-equity ratio is 0.04.
Company Information
Incorporated in 1988, Spice Islands Industries Ltd manufactures textiles and has diversified into various other activities
Website spiceislandsindia.com
Face Value ₹2
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