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Shine Fashion (India) Ltd (543244)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543244 NSE: Trading | Small Cap | Shine Fashion (I) Share Price

₹20.60 -1.06 (-4.89%)

As on 02-Jul'26 16:59

Shine Fashion (India) Ltd (543244)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543244 NSE: Trading | Small Cap | Shine Fashion (I) Share Price

₹20.60 -1.06 (-4.89%)

As on 02-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹54 Cr.
Current Price
₹20.6
52-Week Low / High
₹18 / 66
TTM EPS
₹1.2
TTM Sales
₹99.3 Cr.
Book Value per Share
₹12.3
P/E Ratio
17.55
Lower than its 5-year historical median
Industry PE
38.3
Price to Book (P/B)
1.76
Lower than its 5-year historical median
Price to Sales (P/S)
0.55
Lower than its 5-year historical median
EV/EBITDA
3.76
Lower than its 5-year historical median
Dividend Yield
0.08%
Profitability Efficiency
Return on Equity (ROE)
41.98%
Outperforms industry median
Return on Capital Employed (ROCE)
47.56%
Outperforms industry median
Return on Assets (ROA)
16.39%
Operating Profit Margin
11.7%
Net Profit Margin
8.67%
Gross Profit Margin
11.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
52.13%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
80.96%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
79.64%
Asset Quality
Promoter Holding
67.47%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹18 Cr.
Equity
₹12.5 Cr.
Face Value
₹5
All Time Low / High
₹2.41 / 66.00

Shine Fashion (India) stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Shine Fashion (India) Ltd a good quality company?
Shine Fashion (India) Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Shine Fashion (India) Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Shine Fashion (India) Ltd vs industry peers?
Shine Fashion (India) Ltd revenue CAGR is 59.03%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Shine Fashion (India) Ltd?
Promoters hold 67.47% of the Shine Fashion (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Shine Fashion (India) Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 44.56% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Shine Fashion (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 14.1%6.2%10.2%16.3%55.3%47.6%-
Value Creation
Index
0.0-0.6-0.30.23.02.4-

Growth Parameters

Sales 7.96.912.119.952.980.599
Sales YoY Gr.--13%75.6%65.1%165.3%52.1%-
Adj EPS 0.20.10.20.31.72.91.2
YoY Gr.--55%77.8%93.8%454.8%68%-
BVPS (₹) 2.12.22.42.84.59.612.3
Adj Net
Profit
0.30.20.40.73.973
Cash Flow from Ops. 0-2.20.4-1.211.9-
Debt/CF from Ops. 0-0.31.3-1.60.83-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA59%88.2%52.1%
Adj EPS NA70.6%162.4%68%
BVPSNA35.8%58.6%113.8%
Share Price - 21.5% 53% -63.5%

Key Financial Parameters

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.84.7712.147.441.911.2
Op. Profit
Mgn %
5.33.545.19.811.7NAN
Net Profit
Mgn %
4.12.933.57.38.73.1
Debt to
Equity
00.10.10.30.10.3-
Working Cap
Days
02711961711351630
Cash Conv.
Cycle
022416211857420

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales7.916.8812.0819.9452.8980.46
Operating Expenses + 7.496.6411.6018.9347.6971.05
Manufacturing Costs0.070.040.131.391.341
Material Costs7.296.2511.0216.8945.4267.96
Employee Cost 0.030.070.100.170.230.76
Other Costs 0.110.280.340.480.701.33
Operating Profit 0.420.240.481.025.209.41
Operating Profit Margin (%) 5.3%3.5%4.0%5.1%9.8%11.7%
Other Income + 0.050.050.120.130.040.07
Exceptional Items 000000
Interest 00.020.070.070.050.14
Depreciation 00.010.010.010.010.02
Profit Before Tax 0.470.260.531.065.199.32
Tax 0.120.030.130.271.312.35
Profit After Tax 0.340.230.390.793.886.97
PAT Margin (%) 4.4%3.3%3.3%4.0%7.3%8.7%
Adjusted EPS (₹)0.20.10.20.41.72.9
Dividend Payout Ratio (%)0%0%0%0%0%0.50%

Valuation of Shine Fashion (I) - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3.3355.396.1910.0623.15
Share Capital 11.401.401.401.401.50
Reserves 2.333.6044.798.6721.65
Debt +00.710.541.860.815.72
Long Term Debt000000
Short Term Debt00.710.541.860.815.72
Minority Interest000000
Trade Payables0.630.260.833.5415.1026.25
Others Liabilities 0.290.160.240.341.362.63
Total Liabilities 4.246.12711.9127.3457.76

Fixed Assets

Net Fixed Assets +0.040.040.030.020.060.06
Gross Block0.050.050.050.050.100.12
Accumulated Depreciation00.010.020.030.040.06
CWIP 000000
Investments 000.010.010.010.01
Inventories0.410.370.380.876.4311.70
Trade Receivables3.355.265.8410.3017.5426.55
Cash Equivalents 0.040.040.040.100.0212.94
Others Assets 0.390.420.710.613.296.49
Total Assets 4.246.12711.9127.3457.76

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0-2.240.41-1.171.031.91
PBT 0.470.260.531.065.199.32
Adjustment 00.040.080.080.040.05
Changes in Working Capital -0.46-2.44-0.13-2.12-3.94-6.16
Tax Paid 0-0.10-0.06-0.19-0.26-1.31
Cash Flow From Investing Activity + 0.030-0.18-0.01-0.03-0.02
Capex 00-00-0.05-0.02
Net Investments 00-0.01000
Others 0.030-0.17-0.010.020
Cash Flow From Financing Activity + 0.012.24-0.231.24-1.0811.04
Net Proceeds from Shares 0.011.600006.11
Net Proceeds from Borrowing 000000
Interest Paid 0-0.02-0.07-0.07-0.03-0.04
Dividend Paid 000000
Others 00.66-0.171.32-1.054.96
Net Cash Flow 0.04-0-00.07-0.0912.92

Financial Ratio

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)10.375.517.5613.6647.7541.98
ROCE (%)14.096.2110.2216.2555.3247.56
Asset Turnover Ratio1.861.331.842.112.691.89
PAT to CFO Conversion(x)0-9.741.05-1.480.270.27
Working Capital Days
Receivable Days154.50228.30167.60147.7096.10100
Inventory Days19.1020.8011.3011.5025.2041.10
Payable Days31.50261847.2074.90111.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Shine Fashion (India) Ltd FAQs

The current trading price of Shine Fashion (I) on 02-Jul-2026 16:59 is ₹20.60.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jul-2026 the market cap of Shine Fashion (I) stood at ₹54.26 Cr

The latest P/E ratio of Shine Fashion (I) as of 01-Jul-2026 is 17.55.

The latest P/B ratio of Shine Fashion (I) as of 01-Jul-2026 is 1.76.

The 52-week high of Shine Fashion (I) is ₹66.00 and the 52-week low is ₹18.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Shine Fashion (I) is ₹99.33 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Shine Fashion (India) Ltd is a average quality company.

The key valuation ratios of Shine Fashion (India) Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Shine Fashion (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Shine Fashion (India) Ltd

The company was incorporated as a public limited company under the Companies Act, 2013 and registered with the Registrar of Companies, Central Registration Centre with the name & style ‘Shine Fashions (India) Limited’ pursuant to a certificate of incorporation dated September 11, 2019. Subsequently, the company has acquired the entire business with the assets and liabilities of A. M. Fabrics sole proprietorship concern of father of its Promoter Anil Mehta vide Business Transfer Agreement dated September 30, 2019.

Business area of the company

The company is primarily engaged in importing, supplying and trading of non -woven interlining fabrics, woven fusible interlinings and microdot fusible interlinings. It sources its products from reliable manufacturers of the market. The interlinings produced are in different sizes, to cater diverse customers specifications. It is offering high grade quality and fine finish products to customers. It provides bulk of products to its customers in the stipulated time frame and as per their choice. Its products are provided in safe and tight packing to ensure their accurate delivery to the patrons. The company’s proficiency lies in understanding the specific requirement of its customers and based on which it place the order of its products to manufacturer having requisite manufacturing facilities. It supervise the entire manufacturing process including selection of interlinings produced till dispatch of the goods to customers place, to assure product quality and customer satisfaction.

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