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Spinaroo Commercial Ltd - Stock Valuation and Financial Performance

BSE: 544392 | NSE: | Packaging | Small Cap

Spinaroo Commercial Share Price

63.06 -0.39 -0.61%
as on 19-Jun'25 16:59

DeciZen - make an informed investing decision on Spinaroo Commercial

M-Cap below 100cr DeciZen not available

Spinaroo Commercial stock performance -

mw4me loader
P/E Ratio (SA):
30.67
Market Cap:
44.1 Cr.
52-wk low:
52.1
52-wk high:
83

Is Spinaroo Commercial Ltd an attractive stock to invest in?

1. Is Spinaroo Commercial Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Spinaroo Commercial Ltd is a below average quality company.

2. Is Spinaroo Commercial Ltd undervalued or overvalued?

The key valuation ratios of Spinaroo Commercial Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Spinaroo Commercial Ltd a good buy now?

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

10 Year X-Ray of Spinaroo Commercial:

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.
Spinaroo Commercial Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'22Mar'23Mar'24TTM
ROCE % 13.7%13.6%19.6%-
Value Creation
Index
0.00.00.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 47.453.140.839
Sales YoY Gr.-12%-23.1%-
Adj EPS 11.92.32.1
YoY Gr.-87.9%24.7%-
BVPS (₹) 7.49.312.128.9
Adj Net
Profit
0.50.91.21
Cash Flow from Ops. 1.21.80.9-
Debt/CF from Ops. 7.34.78.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA-23.1%
Adj EPS NANANA24.7%
BVPSNANANA30.2%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'22Mar'23Mar'24TTM
Return on
Equity %
13.322.421.810.1
Op. Profit
Mgn %
4.74.16.5NAN
Net Profit
Mgn %
11.82.83.7
Debt to
Equity
2.41.81.3-
Working Cap
Days
01061450
Cash Conv.
Cycle
058850

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 1.25

Return on Equity has declined versus last 3 years average to 10.10%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Spinaroo Commercial Ltd.

Standalone Consolidated
TTM EPS (₹) 2.1 -
TTM Sales (₹ Cr.) 39.3 -
BVPS (₹.) 28.9 -
Reserves (₹ Cr.) 13 -
P/BV 2.18 -
PE 30.67 -
From the Market
52 Week Low / High (₹) 52.05 / 83.00
All Time Low / High (₹) 52.05 / 83.00
Market Cap (₹ Cr.) 44.1
Equity (₹ Cr.) 7
Face Value (₹) 10
Industry PE 22.6

Management X-Ray of Spinaroo Commercial:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

No data found!

Key Ratios of Spinaroo Commercial

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24
Sales47.4453.1340.84
Operating Expenses 45.2050.9338.17
Manufacturing Costs3.292.692.62
Material Costs39.6946.1434.08
Employee Cost 0.620.460.27
Other Costs 1.591.631.21
Operating Profit 2.252.202.67
Operating Profit Margin (%) 4.7%4.1%6.5%
Other Income 0.130.070.38
Interest 0.810.780.75
Depreciation 0.640.510.43
Exceptional Items 000
Profit Before Tax 0.930.981.86
Tax 0.410.050.46
Profit After Tax 0.520.931.40
PAT Margin (%) 1.1%1.8%3.4%
Adjusted EPS (₹)1.01.92.8
Dividend Payout Ratio (%)0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 3.704.636.03
Share Capital 111
Reserves 2.703.635.03
Minority Interest000
Debt8.648.027.40
Long Term Debt1.441.690.82
Short Term Debt7.206.336.58
Trade Payables3.725.254.13
Others Liabilities 1.991.451.38
Total Liabilities 18.0519.3518.93

Fixed Assets

Gross Block2.872.471.79
Accumulated Depreciation0.020.020.02
Net Fixed Assets2.852.451.77
CWIP 000
Investments 0.240.240.09
Inventories7.899.6111.11
Trade Receivables3.854.643.76
Cash Equivalents 0.270.640.60
Others Assets2.961.761.61
Total Assets 18.0519.3518.93

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24
Cash Flow From Operating Activity 1.231.810.86
PBT 0.930.981.86
Adjustment 1.351.270.82
Changes in Working Capital -0.55-0.16-1.55
Tax Paid -0.50-0.28-0.26
Cash Flow From Investing Activity -0.33-0.110.74
Capex -0.13-0.120.35
Net Investments 000.39
Others -0.210.010
Cash Flow From Financing Activity -1.26-1.33-1.65
Net Proceeds from Shares 000
Net Proceeds from Borrowing -1.690.25-0.88
Interest Paid -0.73-0.77-0.73
Dividend Paid 000
Others 1.16-0.81-0.04
Net Cash Flow -0.360.37-0.05
PARTICULARSMar'22Mar'23Mar'24
Ratios
ROE (%)14.0322.3526.28
ROCE (%)13.6913.6319.63
Asset Turnover Ratio2.632.842.13
PAT to CFO Conversion(x)2.371.950.61
Working Capital Days
Receivable Days302938
Inventory Days616093
Payable Days343650

Spinaroo Commercial Ltd Stock News

Spinaroo Commercial Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Spinaroo Commercial on 19-Jun-2025 16:59 is ₹63.06.
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 19-Jun-2025 16:59 the market cap of Spinaroo Commercial stood at ₹44.10.
The latest P/E ratio of Spinaroo Commercial as of 19-Jun-2025 16:59 is 30.67.
The latest P/B ratio of Spinaroo Commercial as of 19-Jun-2025 16:59 is 2.18.
The 52-week high of Spinaroo Commercial is ₹83.00 and the 52-week low is ₹52.05.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Spinaroo Commercial is ₹39.31 ( Cr.) .

About Spinaroo Commercial Ltd

Spinaroo Commercial Limited was originally incorporated as a Private Limited Company under the name ‘Spinaroo Commercial Private Limited’ on August 17, 2012, in accordance with the Companies Act, 1956. It received a fresh certificate of incorporation from the Registrar of Companies, West Bengal. Subsequently, the company converted into a public limited company, resulting in a name change to ‘Spinaroo Commercial Limited’. This alteration was formally recorded in a new Certificate of Incorporation dated August 22, 2024 issued by the Registrar of Companies, Central Processing Centre.

The company is engaged in manufacturing of Aluminium Foil Container, Aluminium Home Foil, Paper Cups, Paper Plates, Paper Bowls, Semi Processed Material for Paper Cups viz. paper coating, printing, blanking etc. It also deals in wide range of Paper Cup related Machinery like High-Speed Paper Cup Making Machine, Flexo Printing Machine, Automatic Roll Die Cutting Machine etc. with full end to end support.

The company offers a wide range of products made from superior-quality raw materials sourced from its highly reliable vendors. Under the guidance of experienced professionals, these products are manufactured to ensure exceptional performance and premium quality. In addition to delivering quality products, it provides these products at competitive prices and ensure timely delivery, tailored to meet its clients' precise specifications. Its paper cup making machines are procured from reputable and trusted vendors within the industry, who ensure the highest quality standards. These certified vendors utilize state-of-the-art machines and tools to manufacture products that meet specific client requirements. They are well-versed in understanding and fulfilling the unique demands of its customers.

Business area of the company

The company’s primary business activities include manufacturing of Aluminium Foil Container, Aluminium Home Foil, Paper Cups, Paper Plates, Disposable Bowls, Raw Material for Paper Cups viz. paper coating, printing, blanking etc. 

Products of the company

  • Aluminium home foil
  • Aluminium containers
  • Paper cups

History and milestones

  • 2012: Company incorporated as a Private Limited Company in the name of ‘Spinaroo Commercial Private Limited’.
  • 2014: Establishment of the manufacturing facility in Jalan Industrial Complex Gate-1, Right Lane-6, P.O. Jangalpur, Begri Gram Panchayat, Howrah, West Bengal, India.
  • 2018: Establishment of the manufacturing facility in Jalan Industrial Complex Gate-1, Right Lane-3, P.O. Jangalpur, Begri Gram Panchayat, Howrah, West Bengal, India.
  • 2021: Received Quality Management System certificate - ISO 9001:2015.
  • 2024: Company converted from Private Limited Company to Public Limited Company i.e., ‘Spinaroo Commercial Limited’.

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