Salona Cotspin
Salona Cotspin
Consumer DiscretionaryKey Fundamentals
MicrocapCotton/BlendedTextilesTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
4- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 76.9%
- Debtor days have improved from 62.0 to 48.8 days.
- Company's working capital requirements have reduced from 16.3 days to 10.3 days
Weaknesses
2- Company has low interest coverage ratio.
- Company has a low return on equity of 4.33% over last 3 years.
Growth Rate
Quarterly Results
| 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 | 141 | 209 | 206 | 166 | 190 | 166 | 158 | 148 | 157 | 171 | 155 | 110 | 197 |
| Expenses | 134 | 199 | 200 | 160 | 182 | 158 | 149 | 142 | 147 | 162 | 148 | 102 | 186 |
| Operating Profit | 6.35 | 10.28 | 6.91 | 6.68 | 8.44 | 8.22 | 9.32 | 5.98 | 9.66 | 8.92 | 7.66 | 8.08 | 10.68 |
| OPM % | 4.52% | 4.92% | 3.35% | 4.01% | 4.44% | 4.95% | 5.89% | 4.05% | 6.15% | 5.22% | 4.93% | 7.31% | 5.43% |
| Other Income | 0.01 | 0.05 | 0.09 | 0.11 | 0.04 | 0.05 | 0.1 | -0.03 | 0.04 | 0.04 | 0.24 | 0.24 | 0.05 |
| Interest | 2.76 | 4.21 | 5.53 | 2.71 | 4.31 | 3.64 | 5.77 | 5.12 | 5.44 | 5.23 | 4.68 | 4.63 | 5.42 |
| Depreciation | 1.38 | 2.5 | 0.26 | 2.72 | 1.8 | 1.82 | 1.81 | 2.31 | 2.24 | 2.56 | 2.38 | 2.93 | 2.49 |
| PBT | 2.22 | 3.62 | 1.21 | 1.36 | 2.37 | 2.81 | 1.84 | -1.48 | 2.02 | 1.17 | 0.84 | 0.76 | 2.82 |
| Tax % | 7.21% | 51.93% | -19.83% | 34.56% | 3.38% | 22.06% | 14.13% | 96.62% | 24.26% | 8.55% | 61.9% | 280.26% | 19.86% |
| Net Profit | 2.06 | 1.73 | 1.44 | 0.9 | 2.27 | 2.19 | 1.58 | -2.92 | 1.53 | 1.07 | 0.33 | -1.37 | 2.26 |
| EPS in Rs | 3.91 | 3.29 | 2.74 | 1.71 | 4.31 | 4.16 | 3 | -5.55 | 2.91 | 2.03 | 0.63 | -2.6 | 4.29 |
Profit & Loss
| 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 | 103 | 100 | 121 | 107 | 133 | 122 | 230 | 647 | 487 | 722 | 662 | 594 | 633 |
| Expenses | 93 | 91 | 113 | 97 | 123 | 113 | 215 | 610 | 452 | 692 | 630 | 559 | 598 |
| Operating Profit | 10 | 9 | 9 | 9 | 10 | 9 | 15 | 37 | 35 | 30 | 32 | 34 | 35 |
| OPM % | 9% | 9% | 7% | 9% | 8% | 7% | 6% | 6% | 7% | 4.2% | 4.8% | 6% | 6% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Interest | 3 | 3 | 2 | 3 | 4 | 4 | 4 | 7 | 9 | 15 | 19 | 20 | 20 |
| Depreciation | 4 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 7 | 8 | 10 | 10 |
| PBT | 3 | 3 | 3 | 2 | 2 | 2 | 8 | 27 | 20 | 8 | 6 | 5 | 6 |
| Tax % | 17% | 17% | -20% | 4% | 29% | 38% | 20% | 26% | 13% | 27% | 43% | 67% | — |
| Net Profit | 2 | 2 | 3 | 2 | 2 | 1 | 6 | 20 | 18 | 6 | 3 | 2 | 2 |
| EPS in Rs | 4.01 | 4.31 | 6.35 | 4.05 | 3.1 | 2.22 | 11.78 | 37.61 | 33.39 | 11.65 | 5.95 | 2.96 | 4.35 |
| Div. Payout % | 0% | 18% | 10% | 15% | 20% | 0% | 9% | 3% | 4% | 9% | 17% | 205% | — |
Balance Sheet
| 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 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 17 | 19 | 23 | 25 | 26 | 27 | 33 | 52 | 69 | 74 | 77 | 78 |
| Borrowings | 26 | 31 | 35 | 43 | 51 | 40 | 77 | 139 | 157 | 257 | 239 | 190 |
| Other Liabilities | 6 | 9 | 8 | 10 | 8 | 11 | 24 | 32 | 39 | 27 | 33 | 31 |
| Total Liabilities | 54 | 64 | 71 | 83 | 90 | 83 | 138 | 228 | 270 | 364 | 354 | 304 |
| Fixed Assets | 21 | 18 | 17 | 15 | 26 | 24 | 27 | 43 | 41 | 70 | 106 | 122 |
| CWIP | 0 | 0 | 0 | 5 | 1 | 0 | 0 | 0 | 0 | 36 | 18 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 33 | 46 | 54 | 63 | 63 | 59 | 112 | 185 | 229 | 257 | 230 | 179 |
| Total Assets | 54 | 64 | 71 | 83 | 90 | 83 | 138 | 228 | 270 | 364 | 354 | 304 |
Cash Flow
| 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 | 10 | 0 | -3 | 4 | 6 | 14 | -24 | -35 | -5 | -12 | 64 | 79 |
| Investing | 0 | -1 | -2 | -7 | -10 | 0 | -5 | -20 | -3 | -72 | -26 | -10 |
| Financing | -10 | 2 | 3 | 3 | 4 | -14 | 29 | 54 | 8 | 84 | -38 | -69 |
| Net Cash Flow | -1 | 2 | -2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 9 | -1 | -5 | -3 | -4 | 14 | -29 | -54 | -9 | -84 | 37 | 69 |
| CFO/OP | 101 | 0 | -35 | 43 | 64 | 167 | -161 | -93 | -8 | -35 | 198 | 233 |
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 | 31 | 46 | 65 | 65 | 50 | 41 | 85 | 54 | 92 | 73 | 64 | 49 |
| Inventory Days | 101 | 148 | 115 | 184 | 146 | 159 | 124 | 43 | 51 | 34 | 42 | 44 |
| Days Payable | 9 | 22 | 17 | 34 | 16 | 29 | 52 | 12 | 22 | 7 | 9 | 6 |
| Cash Conversion Cycle | 123 | 172 | 163 | 216 | 181 | 171 | 157 | 85 | 121 | 100 | 98 | 86 |
| Working Capital Days | 45 | 49 | 50 | 47 | 36 | 41 | 37 | 25 | 43 | 24 | 15 | 10 |
| ROCE % | 11% | 11% | 9% | 8% | 8% | 8% | 13% | 22% | 14% | 8% | 7% | 8% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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59 extracted metrics + investor summaries across FY01–FY26.
Documents
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Company Information
Incorporated in 1996, Salona Cotspin Ltd manufactures and sells Textiles[1]
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