Salona Cotspin
- Market cap
- ₹ 143 Cr.
- P/E
- 58.1x
- P/B
- 1.62x
- 52-week range
- 200 – 320
- ROE
- 2%
- ROCE
- 8%
- Dividend yield
- 0.2%
- Debt / equity
- 2.26
- Sector
- Textiles & Apparels
- Industry
- Other Textile Products
- Listed on
- NSE, BSE
About
Salona Cotspin Limited is an India-based company which is engaged in the business of manufacturing and sale of cotton yarn, knitted fabrics, and garments. Its products are marketed in both domestic and international markets. The Company operates through the Textiles segment. Its manufacturing facilities consist of Ring spinning, Open End Spinning, Knitting and Garmenting. Its yarns are crafted from environmentally friendly materials such as bamboo, organic cotton and recycled fiber. Its yarn product range includes Ring Spun Yarn, Compact Yarn, Open end Yarn, Blend Yarn, Melange Yarn, Slub Yarn and Organic Yarn, among others. The Company’s grey fabrics cater to daily wear, leisure wear and outerwear ranges. It is a supplier of all kinds of Printed and Dyed Fabrics and are made of natural fibers, synthetic yarns or filament yarns. Its fabric product range includes single jersey, interlock / double knit, fleece 2/3 thread, full / mini jacquard, and French terry, among others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Textile Products: 275 companies →Salona Cotspin against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)58.1 against a typical 16.7: pricier than most peers (1st = cheapest).216th of 268
- Sales growth+25.1% against a typical +6.7% from a year earlier.59th of 234
- Profit growth+47.7% against a typical +12.9% from a year earlier.56th of 166
- Share price, 3 months+3.9% against a typical −4%.64th of 240
- Size₹ 142.9 Cr. market value against a typical ₹ 58.7 Cr. (1st = largest).82nd of 256
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BBB- to C by 3 agencies- CARE lowered its rating on 30 Mar 2026.
- India Ratings expects things to get worse (negative outlook).
- The agencies don't fully agree: CARE says BBB-, Acuite says C.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND B-(NCO); IND A4(NCO) | Negative | 17 Jul 2026 |
| CARE | CARE BBB- | Stable | 30 Mar 2026 |
| Acuite | ACUITE C | — | 5 Sep 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 17 Jul 2026 | Rating action | IND B-(NCO) | — | India Ratings | ₹ 39.86 Cr. | |
| 30 Mar 2026 | ▼ Downgrade | CARE BBB- | — | CARE | ₹ 276.08 Cr. | |
| 5 Sep 2025 | Reaffirmed | ACUITE C | — | Acuite | ₹ 150 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 13 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 29 May 2026 | Financial Results/Dividend | Meeting of the Board of Directors of the Company is scheduled to be held on May 29, 2026 to consider and approve the financial results for the period ended March 31, 2026 and recommend dividend for the FY 2025-2026. |
| 9 Feb 2026 | Financial Results | Notice is hereby given in compliance with requirement of Regulation 29(1) of the Securities and Exchange Board of India (LODR) Regulations, 2015, that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, February 09, 2026, to inter-alia, to consider and approve the Un-audited financial results for the quarter ended December 31, 2025. |
| 14 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 11 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 28 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and Recommend Dividend on equity shares for the financial year 2024-25 |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | 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 | 209 | 206 | 166 | 190 | 166 | 158 | 148 | 157 | 171 | 155 | 110 | 197 |
| Expenses | 199 | 200 | 160 | 182 | 158 | 149 | 142 | 147 | 162 | 148 | 102 | 186 |
| Operating Profit | 10 | 7 | 7 | 8 | 8 | 9 | 6 | 10 | 9 | 8 | 8 | 11 |
| OPM % | 4.9% | 3.4% | 4% | 4.4% | 5% | 5.9% | 4.1% | 6.2% | 5.2% | 4.9% | 7.3% | 5.4% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | −0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 4 | 6 | 3 | 4 | 4 | 6 | 5 | 5 | 5 | 5 | 5 | 5 |
| Depreciation | 3 | 0 | 3 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 2 |
| Profit before tax | 4 | 1 | 1 | 2 | 3 | 2 | −1 | 2 | 1 | 1 | 1 | 3 |
| Tax % | 51.9% | −19.8% | 34.6% | 3.4% | 22.1% | 14.1% | 96.6% | 24.3% | 8.6% | 61.9% | 280.3% | 19.9% |
| Net Profit | 2 | 1 | 1 | 2 | 2 | 2 | −3 | 2 | 1 | 0 | −1 | 2 |
| EPS in Rs | 3.29 | 2.74 | 1.71 | 4.31 | 4.16 | 3 | −5.55 | 2.91 | 2.03 | 0.63 | −2.6 | 4.29 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 19%
- 5 Years
- 21%
- 3 Years
- 7%
- TTM
- 1%
- 10 Years
- −4%
- 5 Years
- −24%
- 3 Years
- −55%
- TTM
- −4%
- 10 Years
- 23%
- 5 Years
- 5%
- 3 Years
- 0%
- TTM
- —
- 10 Years
- 12%
- 5 Years
- 14%
- 3 Years
- 4%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Salona Cotspin | ₹ 253.55 | ₹ 143 Cr. | 58.1x | 1.6x | 2% | — |
| Arvind | ₹ 482.00 | ₹ 13,095 Cr. | 32.6x | 3.4x | 10.6% | 4.6% |
| Trident | ₹ 20.48 | ₹ 10,437 Cr. | 34.5x | 2.7x | 8% | 5.6% |
| Garware Technical Fibres | ₹ 740.25 | ₹ 7,202 Cr. | 36.2x | 5.7x | 16.4% | 13.9% |
| Filatex India | ₹ 91.60 | ₹ 4,068 Cr. | 17.6x | 2.1x | 12.9% | 4.4% |
| Nitin Spinners | ₹ 602.30 | ₹ 3,386 Cr. | 17.4x | 2.1x | 12.8% | 5.5% |
Management
- Shyamlal Agarwala
- Executive Chairman of the Board, Managing Director
- Pramod Kumar Jhajharia
- Chief Executive Officer
- Sajith K.B.
- Compliance Officer, Company Secretary
- Manoj Kumar Jhajharia
- Joint Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.