---
title: "Shining Tools Ltd (544607) — Share Price, Financials & Analysis"
symbol: "544607"
company: "Shining Tools Ltd"
canonical: "https://tapetide.com/stocks/544607"
isin: "INE0D8001018"
nse_symbol: "SHININGTOOLSLTD"
bse_code: "544607"
sector: "Capital Goods"
industry: "Industrial Products"
market_cap_cr: 62.32
generated_at: "2026-09-13T18:28:09.091Z"
---

# Shining Tools Ltd (544607)

Canonical page: https://tapetide.com/stocks/544607

## Company

- **NSE Symbol:** SHININGTOOLSLTD
- **BSE Code:** 544607
- **ISIN:** INE0D8001018
- **Sector:** Capital Goods
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2025-11-14
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** tixnatools.com

## About

Incorporated in May 2013, Shining Tools Limited designs and manufactures high-performance solid carbide cutting tools for various industries in India.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:48:52.288438Z.

- **Market Cap:** ₹62.32 Cr
- **Classification:** SME
- **P/E (reported):** 16.9
- **Book Value:** ₹45.7
- **Price to Book:** 2.54
- **Dividend Yield:** 0%
- **ROE:** 22.47%
- **ROCE:** 31.59%
- **Debt to Equity:** 0.24
- **Revenue (yearly):** ₹18.29 Cr
- **Net Income:** ₹3.36 Cr
- **EBITDA:** ₹6.67 Cr
- **52-Week High:** ₹115.95
- **52-Week Low:** ₹38.43
- **RSI (14):** 74.94

## Key Insights

### Strengths

- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.9%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 140 days to 262 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -64.76% | -49.35% | -71.32% |
| ebitda margin growth | -16.76% | -10.15% | 87.34% |
| net income growth | 86.67% | 256% | 130% |
| revenue growth | 23.58% | 21% | 18% |
| roce | -24.43% | 112.01% | 23.49% |
| roe | -48.7% | 20.78% | 806.05% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Mar 2026 |
| --- | --- | --- |
| Sales | 9.39 | 10.29 |
| Expenses | 5.29 | 7.22 |
| Operating Profit | 4.1 | 3.07 |
| OPM % | 43.66 | 29.83 |
| Other Income | 0.03 | 0.39 |
| Interest | 0.41 | 0.43 |
| Depreciation | 1.26 | 0.97 |
| Profit before tax | 2.46 | 2.06 |
| Tax % | 46.34 | 0 |
| Net Profit | 1.33 | 2.05 |
| EPS in Rs | 3.2 | 3.62 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 7.96 | 10.07 | 10.32 | 10.53 | 14.73 | 18.29 |
| Expenses | 5.89 | 8.2 | 8.5 | 6.31 | 8.31 | 11.62 |
| Operating Profit | 2.07 | 1.87 | 1.82 | 4.22 | 6.42 | 6.67 |
| OPM % | 26.01 | 18.57 | 17.64 | 40.08 | 43.58 | 36.47 |
| Other Income | 0.01 | 0.03 | 0.14 | 0.07 | 0.04 | 0.41 |
| Interest | 1.16 | 1.11 | 1.13 | 0.92 | 0.98 | 0.84 |
| Depreciation | 0.84 | 1.04 | 0.93 | 0.74 | 2.46 | 1.67 |
| Profit before tax | 0.08 | -0.25 | -0.1 | 2.63 | 3.02 | 4.57 |
| Tax % | 37.5 | -20 | -30 | 25.48 | 40.73 | 15.1 |
| Net Profit | 0.06 | -0.2 | -0.08 | 1.96 | 1.8 | 3.89 |
| EPS in Rs | 0.3 | -1 | -0.4 | 9.8 | 4.33 | 6.87 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 2 | 2 | 2 | 4.16 | 5.66 |
| Reserves | 0.41 | 0.1 | 0.02 | 2.5 | 3.83 | 20.2 |
| Borrowings | 11.25 | 10.46 | 9.45 | 7.54 | 8.18 | 6.3 |
| Other Liabilities | 4.25 | 5.62 | 5.36 | 4.04 | 3.5 | 3.84 |
| Total Liabilities | 17.91 | 18.18 | 16.83 | 16.08 | 19.67 | 36 |
| Fixed Assets | 6.88 | 6.11 | 5.27 | 6.61 | 6.78 | 13.59 |
| CWIP | 0 | 0 | 0 | 0 | 0.34 | 0 |
| Investments | 0.15 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 10.88 | 12.07 | 11.56 | 9.47 | 12.55 | 22.41 |
| Total Assets | 17.91 | 18.18 | 16.83 | 16.08 | 19.67 | 36 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 4.08 | 2.3 | 2.31 | 3.32 | 1.17 | 1 |
| Cash from Investing Activity | -1.82 | -0.4 | -0.09 | -1.4 | -2.95 | -12.04 |
| Cash from Financing Activity | -2.23 | -1.89 | -2.14 | -1.78 | 1.49 | 11.27 |
| Net Cash Flow | 0.03 | 0.01 | 0.08 | 0.14 | -0.29 | 0.23 |
| Free Cash Flow | 2.26 | 1.89 | 2.23 | 1.92 | -1.8 | -7.14 |
| CFO/OP | 197 | 123 | 127 | 80 | 39 | 33 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 164.62 | 145.35 | 134.05 | 82.5 | 126.62 | 134.51 |
| Inventory Days | 1041.26 | 378.59 | 432.37 | 252.63 | 235.88 | 251.81 |
| Days Payable | 685.21 | 298.02 | 449.51 | 170.67 | 82.56 | 66.68 |
| Cash Conversion Cycle | 520.66 | 225.92 | 116.9 | 164.45 | 279.95 | 319.64 |
| Working Capital Days | 70.16 | 50.02 | 43.86 | 36.05 | 121.17 | 261.83 |
| ROCE % | — | 6.56 | 8.49 | 30.2 | 28.36 | 22.39 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2025 | Mar 2026 |
| --- | --- | --- |
| Promoters | 96.18% | 70.68% |
| FIIs | 0% | 0% |
| DIIs | 0% | 0% |
| Government | 0% | 0% |
| Public | 0% | 27.09% |
| Others | 3.82% | 2.23% |
| No. of Shareholders | 22 | 555 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 5 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 109.74 | Buy |
| EMA (10) | 109.93 | Buy |
| SMA (20) | 103.29 | Buy |
| EMA (20) | 104.11 | Buy |
| SMA (50) | 91.8 | Buy |
| EMA (50) | 93.54 | Buy |
| SMA (100) | 78.68 | Buy |
| EMA (100) | 84.69 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 70.84 | Sell |
| MACD (12,26,9) | 7.26 | Buy |
| Stochastic (14,3,3) | 93.97 | Sell |
| ADX (14) | 41.11 | Buy |
| Williams %R (14) | -9.52 | Sell |
| ATR (14) | 4.57 | High Volatility |
| ROC (12) | 18.8 | Buy |
| Stoch RSI (14) | 48.9 | Neutral |
| UO (7,14,28) | 65.06 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Acquisition](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ef62491-6b55-4a5c-972b-f1a96daa8b03.pdf) |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=256f393e-fd01-47e2-bef1-60507fc49d4e.pdf) |
| 2026-09-08 | [Board Meeting Outcome for Board Meeting Outcome For Intimation Of Outcome Of Board Meeting Dated On 8Th September 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=94412753-7781-4dfc-8f21-55adc2670a99.pdf) |
| 2026-09-08 | [Correction Of Day Of Board Meeting.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=37655640-13d4-4a27-9e09-555088096dec.pdf) |
| 2026-09-08 | [Intimation Of 13Th AGM Scheduled To Be Held On 30Th September 2026 At 12:00 Noon.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fb966922-5378-4a47-bf32-d2edb6e31d5a.pdf) |
| 2026-09-08 | [Intimation Of 13Th AGM Scheduled To Be Held On 30Th September 2026 At 12:00 Noon.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9888aa00-4296-4ac0-8d3e-8cb03011d91c.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=853f1ca0-14b7-47bb-9178-4e23ccceee60.pdf) |
| 2026-08-24 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=27a8d005-5bcc-41e7-9609-9cd729ce9292.pdf) |
| 2026-08-10 | [Announcement Under Regulation 30 Of SEBI (LODR) Regarding Incorporation Of Subsidiary Company.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9530b108-088f-4e40-92cf-cf728100611a.pdf) |
| 2026-08-04 | [Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e2706790-909f-455a-8e6d-01fdf470450d.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-30 | [Outcome Of Board Meeting Held On 30 May 2026 To Consider And Approve The Audited Standalone Financial Results Of The Company For The Quarter And Financial Year Ended On March 31 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bce05e1e-4b9b-4577-8163-562df6ec813f.pdf) |
| 2025-12-04 | [Approval Of Unaudited Standalone Financial Results By Board Of Directors Under IND AS For The Half Year Ended On 30Th September 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72f06fd8-2556-4499-a3ea-d8ab11c0a187.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9 Feb - Audio recording of Q3 FY2025-26 earnings call (Dec 31, 2025); link provided. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 9 Feb - Audio recording of Q3 FY2025-26 earnings call (Dec 31, 2025); link provided.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d84288a8-f32d-4088-b8b9-0152ff8a16ff.pdf) |
| 8 May - Shining Tools says it is not a large corporate; outstanding borrowing was nil on 31 March 2026. | [Shining Tools Limited Has informed Regarding Confirmation On Non-Applicability Of SEBI Circular On Large Corporates Initial Disclosure For FY 2026-27 8 May - Shining Tools says it is not a large corporate; outstanding borrowing was nil on 31 March 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ae2c4655-3324-4a9b-aed4-adfa22468a99.pdf) |
| 6 Feb - Board approved Q3/9M unaudited results; new Haridwar unit 150,000 sets p.a., Rs.20 Cr, production by July 2026. | [Announcement Under Regulation 30 6 Feb - Board approved Q3/9M unaudited results; new Haridwar unit 150,000 sets p.a., Rs.20 Cr, production by July 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3bda20fa-1763-4f3d-81db-87f9440ac366.pdf) |
| 6 Feb - Approved Q3/9-month unaudited results; Haridwar plant 1,50,000 sets p.a., ~Rs.20 Cr, operations by July 2026. | [Results - Financial Results - 31/12/2025 6 Feb - Approved Q3/9-month unaudited results; Haridwar plant 1,50,000 sets p.a., ~Rs.20 Cr, operations by July 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f8987240-5128-475c-9746-58fe174f88fc.pdf) |
| 30 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for year/half-year ended March 31, 2026. | [Closure of Trading Window 30 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for year/half-year ended March 31, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/40940d4d-32cf-4f0c-8722-3b94b3774062.pdf) |
| 26 Feb - CIT(A) orders dated Feb 23, 2026 reduce tax demand from Rs84.89 Cr to Rs6.11 Cr; appeal to ITAT. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 26 Feb - CIT(A) orders dated Feb 23, 2026 reduce tax demand from Rs84.89 Cr to Rs6.11 Cr; appeal to ITAT.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/10135738-29d8-4651-aab2-873101ada202.pdf) |
| 16 Feb - EGM 10 Mar 2026 to regularize three independent directors; terms from 11 Dec 2025 and 12 Feb 2026 until 2030/2031. | [Notice Of 3Rd/ 2025-26 Extra Ordinary General Meeting Pursuant To SEBI (LODR) Regulations 2015. 16 Feb - EGM 10 Mar 2026 to regularize three independent directors; terms from 11 Dec 2025 and 12 Feb 2026 until 2030/2031.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8fc864f7-5450-4fc9-a5d5-44a355944476.pdf) |
| 12 Feb - Appointed Mr. Akshar Patel as Independent Director (12.02.2026–11.02.2031) and Harikrishna Ghadia & Co. as FY2025-26 Internal Auditor. | [Announcement under Regulation 30 (LODR)-Change in Management 12 Feb - Appointed Mr. Akshar Patel as Independent Director (12.02.2026–11.02.2031) and Harikrishna Ghadia & Co. as FY2025-26 Internal Auditor.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bf26dd76-436f-4353-88f7-1e6317bb3cf1.pdf) |
| 10 Mar - EGM on 10-Mar-2026 regularized three independent directors; 3,340,228 votes (100%) in favor. | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 10 Mar - EGM on 10-Mar-2026 regularized three independent directors; 3,340,228 votes (100%) in favor.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b9c1fdf2-9d6b-4524-a263-ae942e49d81c.pdf) |
| 10 Mar - 10-Mar-2026 EGM approved three independent directors (Sagpariya, Pansuria, Patel); 59.03% turnout, 100% votes. | [Shareholder Meeting / Postal Ballot-Outcome of EGM 10 Mar - 10-Mar-2026 EGM approved three independent directors (Sagpariya, Pansuria, Patel); 59.03% turnout, 100% votes.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2256a72e-5b55-43b0-855e-81291c4c900e.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/679ec8ed-7d6a-4c8b-ab8e-eb7fa9ffbcb9.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/34458216-91ae-44a8-b063-c70f3cabed9b.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ad3bfc1f-5ec6-4247-87c9-c30081c456f0.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93c60a7c-66ba-4158-9eb7-d2ce8ed51779.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c47b9ca6-faea-4d51-863d-a02730c8a00f.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/46034174-5f61-45f7-8c5f-7223f85df341.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3d58fcc5-8685-43cd-85f3-4e1de6baa2aa.pdf) |
| Jun 2022 | [Concall - Jun 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e3215f99-bf8a-428e-aea0-5f2ca880319d.pdf) |
| Jun 2021 | [Concall - Jun 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/231273a2-312c-4495-bbb2-8da167de3ed9.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/86bfc1e3-ee96-4e09-b1d9-8134b5cee674.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/daf91eb3-87c4-4946-a168-db42a6182819.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6e8d084-a552-4706-beba-b4e747eee565.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/94763d60-a467-4e93-b195-c73ed24cf2d8.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/535602/74842535602.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/535602/69284535602.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/535602/66358535602.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/535602/5356020319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/535602/5356020318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/535602/5356020317.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/535602/5356020316.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:28:09.091Z.