---
title: "Shyam Dhani Industries Ltd (SHYAMDHANI) — Share Price, Financials & Analysis"
symbol: "SHYAMDHANI"
company: "Shyam Dhani Industries Ltd"
canonical: "https://tapetide.com/stocks/SHYAMDHANI"
isin: "INE1CRP01016"
nse_symbol: "SHYAMDHANI"
sector: "Fast Moving Consumer Goods"
industry: "Food Products"
market_cap_cr: 107.2
generated_at: "2026-09-13T18:46:34.816Z"
---

# Shyam Dhani Industries Ltd (SHYAMDHANI)

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

## Company

- **NSE Symbol:** SHYAMDHANI
- **ISIN:** INE1CRP01016
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Food Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2025-12-30
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shyamspices.co.in

## About

Incorporated in the year 2010, Shyam Dhani Industries Limited is engaged in the manufacturing and processing of over 163 type/varieties of spices such as Ground Spices, Blend Spices and Whole Spices under the brand name “SHYAM”.  In addition to spices offerings, it also engaged in trading and distribution of Grocery Products.

## Latest Price

- **Price:** ₹52.95
- **Change:** -1.65 (-3.02%)
- **Open:** ₹51.9
- **Day High:** ₹52.95
- **Day Low:** ₹51.9
- **Previous Close:** ₹54.6
- **Volume:** 16000
- **As Of:** 2026-09-11T09:55:21+00:00

## Key Fundamentals

Observed at 2026-09-11T04:34:00.425294Z.

- **Market Cap:** ₹107.2 Cr
- **Classification:** SME
- **P/E (reported):** 13.2
- **Book Value:** ₹33.22
- **Price to Book:** 1.64
- **Dividend Yield:** 0%
- **ROE:** 34.07%
- **ROCE:** 37.67%
- **Debt to Equity:** 0.52
- **Revenue (yearly):** ₹145.77 Cr
- **Net Income:** ₹8.74 Cr
- **EBITDA:** ₹16.5 Cr
- **52-Week High:** ₹139.65
- **52-Week Low:** ₹47
- **RSI (14):** 47.99

## Key Insights

### Strengths

- Company has reduced debt.
- Company has delivered good profit growth of 90.5% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 46.4 days to 92.0 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -14.07% | -304.65% | -6.16% |
| ebitda margin growth | -3.59% | 11.24% | — |
| net income growth | 9.25% | 43% | 91% |
| revenue growth | 16.8% | 29% | 27% |
| roce | -15.56% | 0.03% | — |
| roe | -15.88% | 35.38% | — |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Sales | 65 | 64 | 82 |
| Expenses | 58 | 55 | 74 |
| Operating Profit | 7 | 9 | 8 |
| OPM % | 11 | 14 | 10 |
| Other Income | 0 | 0 | 0 |
| Interest | 2 | 2 | 2 |
| Depreciation | 1 | 1 | 1 |
| Profit before tax | 5 | 6 | 6 |
| Tax % | 26 | 25 | 24 |
| Net Profit | 4 | 4 | 4 |
| EPS in Rs | 2.59 | 2.82 | 2.1 |

### Profit & Loss

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

| Item | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 35 | 44 | 68 | 108 | 125 | 146 |
| Expenses | 33 | 42 | 62 | 97 | 110 | 129 |
| Operating Profit | 2 | 2 | 6 | 11 | 15 | 16 |
| OPM % | 5 | 4.5 | 9 | 10 | 12 | 11 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 1 | 1 | 1 | 2 | 3 | 4 |
| Depreciation | 1 | 0 | 1 | 1 | 1 | 2 |
| Profit before tax | 0 | 1 | 4 | 8 | 11 | 11 |
| Tax % | 25 | 38 | 31 | 25 | 25 | 25 |
| Net Profit | 0 | 0 | 3 | 6 | 8 | 9 |
| EPS in Rs | 2.1 | 2.97 | 25.52 | 55.07 | 5.41 | 4.13 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1 | 1 | 1 | 1 | 15 | 21 |
| Reserves | 4 | 4 | 8 | 14 | 9 | 48 |
| Borrowings | 11 | 13 | 13 | 24 | 47 | 36 |
| Other Liabilities | 2 | 5 | 6 | 13 | 12 | 14 |
| Total Liabilities | 18 | 23 | 28 | 53 | 82 | 118 |
| Fixed Assets | 0 | 0 | 8 | 12 | 27 | 26 |
| CWIP | 0 | 0 | 2 | 2 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 18 | 23 | 17 | 38 | 55 | 92 |
| Total Assets | 18 | 23 | 28 | 53 | 82 | 118 |

### Cash Flow

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

| Item | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0 | 3 | -5 | -6 | -8 |
| Cash from Investing Activity | 0 | 0 | -3 | -4 | -14 | -13 |
| Cash from Financing Activity | 0 | 0 | -1 | 10 | 20 | 22 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 0 | 0 | 0 | -10 | -20 | -10 |
| CFO/OP | 0 | 0 | 58 | -30 | -22 | -35 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 28 | 23 | 21 | 19 | 25 | 32 |
| Inventory Days | 86 | 114 | 77 | 128 | 163 | 191 |
| Days Payable | 23 | 42 | 22 | 44 | 25 | 31 |
| Cash Conversion Cycle | 91 | 95 | 76 | 103 | 163 | 193 |
| Working Capital Days | 82 | 87 | 19 | 27 | 20 | 92 |
| ROCE % | — | 9 | — | 33 | 24 | 17 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 100% | 98.11% | 72% |
| FIIs | 0% | 0% | 4.04% |
| DIIs | 0% | 0% | 6.35% |
| Government | 0% | 0% | 0% |
| Public | 0% | 1.69% | 13.55% |
| Others | 0% | 0.2% | 4.07% |
| No. of Shareholders | 7 | 44 | 711 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 1 / 9 / 9

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 53.47 | Sell |
| EMA (10) | 53.95 | Sell |
| SMA (20) | 54.4 | Sell |
| EMA (20) | 54.76 | Sell |
| SMA (50) | 57.76 | Sell |
| EMA (50) | 57.74 | Sell |
| SMA (100) | 62.65 | Sell |
| EMA (100) | 63.47 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

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

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.5 | Neutral |
| MACD (12,26,9) | -1.26 | Buy |
| Stochastic (14,3,3) | 50 | Neutral |
| ADX (14) | 17.2 | Neutral |
| Williams %R (14) | -74.58 | Neutral |
| ATR (14) | 2.09 | High Volatility |
| ROC (12) | -3.81 | Sell |
| Stoch RSI (14) | 44.97 | Neutral |
| UO (7,14,28) | 54.25 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jul - Regulation 74(5) certificate filed for quarter ended June 30, 2026; shares fully held in demat form. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 Jul - Regulation 74(5) certificate filed for quarter ended June 30, 2026; shares fully held in demat form.](https://nsearchives.nseindia.com/corporate/SHYAM_09072026153618_Intimationsign.pdf) |
| 9 April 2026 - Shyam Dhani Industries Limited has informed regarding 'Clarification on Price Movement of Shares '. | [Updates 9 April 2026 - Shyam Dhani Industries Limited has informed regarding 'Clarification on Price Movement of Shares '.](https://nsearchives.nseindia.com/corporate/SHYAM_09042026112002_Clarification.pdf) |
| 8 April 2026 - SME-listed company states corporate governance provisions not applicable for FY ended 31 March 2026. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 8 April 2026 - SME-listed company states corporate governance provisions not applicable for FY ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/SHYAM_08042026143948_Non_Applicability_of_CG_Certificate_.pdf) |
| 7 January 2026 - Reg. 74(5) SEBI certificate for quarter ended Dec 31, 2025; non-applicable—all shares in demat. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 January 2026 - Reg. 74(5) SEBI certificate for quarter ended Dec 31, 2025; non-applicable—all shares in demat.](https://nsearchives.nseindia.com/corporate/SHYAM_07012026112927_Certificate.pdf) |
| 7 April 2026 - Regulation 74(5) compliance certificate for quarter ended 31 March 2026; no rematerialisation or dematerialisation requests. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Regulation 74(5) compliance certificate for quarter ended 31 March 2026; no rematerialisation or dematerialisation requests.](https://nsearchives.nseindia.com/corporate/SHYAM_07042026125943_Certificatesigned__.pdf) |
| 6 May 2026 - Shyam Dhani Industries submits SDD compliance certificate for FY2026, confirming no non-compliances. | [Structural Digital Database 6 May 2026 - Shyam Dhani Industries submits SDD compliance certificate for FY2026, confirming no non-compliances.](https://nsearchives.nseindia.com/corporate/SHYAM_06052026141856_SDD_Compliance_Certificatesign.pdf) |
| 6 Jul - Promoters disclosed no encumbrance on shares during FY ended 31 March 2026. | [Disclosure under SEBI Takeover Regulations 6 Jul - Promoters disclosed no encumbrance on shares during FY ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/team_bbodade_28042026180323_SHYAMDHANI.pdf) |
| 5 Sep - Newspaper publication confirms 16th AGM notice dispatch; AGM scheduled for 28 September 2026 via VC/OAVM. | [Copy of Newspaper Publication 5 Sep - Newspaper publication confirms 16th AGM notice dispatch; AGM scheduled for 28 September 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/SHYAM_05092026110407_Intimationsign.pdf) |
| 5 May 2026 - Shyam Dhani launches refreshed spices range; Priety Zinta named brand ambassador. | [Press Release 5 May 2026 - Shyam Dhani launches refreshed spices range; Priety Zinta named brand ambassador.](https://nsearchives.nseindia.com/corporate/SHYAM_05052026164023_Press_Release_Intimationsigned.pdf) |
| 4 Sep - Company to hold 16th AGM on September 28, 2026; annual report FY2025-26 and voting cut-off date September 21. | [Shareholders meeting 4 Sep - Company to hold 16th AGM on September 28, 2026; annual report FY2025-26 and voting cut-off date September 21.](https://nsearchives.nseindia.com/corporate/SHYAM_04092026145110_Notice_along_with_annual_report.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31367_SHYAMDHANI_2025_2026_A_87012227_04092026150800.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 2026-09-13T18:46:34.816Z.