5

Spice Islands Industries

SPICEISLANDSAPPARELSLTD NSE

Key Fundamentals

MicrocapJewellery & WatchesConsumer Goods
Market Cap
₹290 Cr
Volatility
Moderate
P/E Ratio
43.2
EBITDA
₹5.80 Cr
Return on Equity
40.38%
Debt to Equity
0.04
Book Value
₹4.5
52W High
₹110
52W Low
₹14.2

Tapetide Score

Data-driven rating, 0–100. How it works →

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

3
  • Stock is trading at 20.4 times its book value
  • Earnings include an other income of Rs.4.09 Cr.
  • Promoter holding has decreased over last 3 years: -19.2%

Growth Rate

Revenue Growth
607% higher than 3Y
Net Income Growth
—
Cash Flow Change
880%
ROE
99.41% higher than 3Y
ROCE
-18.32% higher than 3Y
EBITDA Margin (Avg.)
-34.43% lower than 3Y

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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 in Rs
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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
-1.11%
-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 in Rs
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%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Promot.43.11%Others23.29%Public33.59%As ofJun 2026

Documents

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[1]
Where is Spice Islands Industries Ltd (526827) listed?
Spice Islands Industries Ltd trades as SPICEISLANDSAPPARELSLTD on the NSE and 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 market capitalisation of Spice Islands Industries Ltd?
Spice Islands Industries Ltd has a market capitalisation of ₹289.55 Cr, which places it in the Small Cap band.
What is the PE ratio of Spice Islands Industries Ltd?
Spice Islands Industries Ltd trades at a PE ratio of 43.20, 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 ₹14.2 and ₹110.
Does Spice Islands Industries Ltd pay dividends?
Spice Islands Industries Ltd has a dividend yield of 1.71%.
What is the Return on Equity (ROE) of Spice Islands Industries Ltd?
Spice Islands Industries Ltd reported a return on equity of 40.38%. 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[1]

Website spiceislandsindia.com
Face Value ₹ 2

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