Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Profit & Loss 
Valuation 
Analyst Note 
Balance Sheet 
Cash Flow 
Financial Ratio 
Qtr. Results 
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About
Spinaroo Commercial Ltd (544392)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544392 NSE: Packaging | Small Cap | Spinaroo Commercial Share Price
₹56.78 0.00 (0.00%)
As on 17-Jun'26 16:59
Spinaroo Commercial Ltd (544392)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544392 NSE: Packaging | Small Cap | Spinaroo Commercial Share Price
₹56.78 0.00 (0.00%)
As on 17-Jun'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹40 Cr.
Current Price
₹56.8
52-Week Low / High
₹27 / 84
TTM EPS
₹0.8
TTM Sales
₹39.3 Cr.
Book Value per Share
₹24.1
P/E Ratio
74.06
Higher than its 5-year historical median
Industry PE
21.5
Price to Book (P/B)
2.36
Higher than its 5-year historical median
Price to Sales (P/S)
1.01
Lower than its 5-year historical median
EV/EBITDA
32.10
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
4.41%
Underperforms industry median
Return on Capital Employed (ROCE)
6.13%
Underperforms industry median
Return on Assets (ROA)
2.18%
Operating Profit Margin
3.6%
Net Profit Margin
1.37%
Gross Profit Margin
2.6%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-0.1%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-51.53%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-62.5%
Asset Quality
Promoter Holding
47.66%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹10 Cr.
Equity
₹7 Cr.
Face Value
₹10
All Time Low / High
₹26.60 / 83.77
Check Before You Invest
M-Cap below 100cr DeciZen not available
Is Spinaroo Commercial Ltd a good quality company?
Spinaroo Commercial 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 Spinaroo Commercial Ltd performance compare with that of its Peers?
Revenue growth of Spinaroo Commercial Ltd vs industry peers?
Spinaroo Commercial Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 1.27%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Spinaroo Commercial Ltd?
Promoters hold 47.66% of the Spinaroo Commercial Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Spinaroo Commercial Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -11.78% 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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.7% | 13.6% | 19.6% | 18.6% | 6.1% | - |
| Value Creation Index ⓘ | 0.0 | 0.0 | 0.4 | 0.3 | -0.6 | - |
Growth Parameters ⓘ |
||||||
| Sales ⓘ | 47.4 | 53.1 | 40.8 | 39.3 | 39.3 | 39 |
| Sales YoY Gr. | - | 12% | -23.1% | -3.8% | -0.1% | - |
| Adj EPS ⓘ | 1 | 1.9 | 2.3 | 2.9 | 0.8 | 0.8 |
| YoY Gr. | - | 87.9% | 24.7% | 24.1% | -73.3% | - |
| BVPS (₹) ⓘ | 7.4 | 9.3 | 12.1 | 14.9 | 24.1 | 24.1 |
| Adj Net Profit ⓘ | 0.5 | 0.9 | 1.2 | 1.4 | 0.5 | 1 |
| Cash Flow from Ops. ⓘ | 1.2 | 1.8 | 0.9 | 0.9 | -6.4 | - |
| Debt/CF from Ops. ⓘ | 7.3 | 4.7 | 8.7 | 8.3 | -1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | -9.6% | -0.1% | ||||
| Adj EPS ⓘ | NA | NA | -25.5% | -73.3% | ||||
| BVPSⓘ | NA | NA | 37.5% | 61% | ||||
| Share Price | - | - | - | -6.3% | ||||
Key Financial Parameters ⓘ
| Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 13.3 | 22.4 | 21.8 | 21.3 | 4.4 | 3.2 |
| Op. Profit Mgn % ⓘ | 4.7 | 4.1 | 6.5 | 7.5 | 3.6 | NAN |
| Net Profit Mgn % ⓘ | 1 | 1.8 | 2.8 | 3.7 | 1.4 | 1.4 |
| Debt to Equity ⓘ | 2.4 | 1.8 | 1.3 | 1 | 0.4 | - |
| Working Cap Days ⓘ | 0 | 106 | 145 | 161 | 199 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 58 | 85 | 107 | 144 | 0 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Sales | 47.44 | 53.13 | 40.84 | 39.31 | 39.27 |
| Operating Expenses ⓘ + | 45.20 | 50.93 | 38.17 | 36.37 | 37.84 |
| Operating Profit ⓘ | 2.25 | 2.20 | 2.67 | 2.95 | 1.43 |
| Operating Profit Margin (%) | 4.7% | 4.1% | 6.5% | 7.5% | 3.6% |
| Other Income ⓘ + | 0.13 | 0.07 | 0.38 | 0.02 | 0.01 |
| Interest ⓘ | 0.81 | 0.78 | 0.75 | 0.71 | 0.43 |
| Depreciation ⓘ | 0.64 | 0.51 | 0.43 | 0.29 | 0.25 |
| Profit Before Tax ⓘ | 0.93 | 0.98 | 1.86 | 1.97 | 0.75 |
| Tax ⓘ | 0.41 | 0.05 | 0.46 | 0.53 | 0.22 |
| Profit After Tax | 0.52 | 0.93 | 1.40 | 1.44 | 0.54 |
| PAT Margin (%) | 1.1% | 1.8% | 3.4% | 3.7% | 1.4% |
| Adjusted EPS (₹) | 1.0 | 1.9 | 2.8 | 2.9 | 0.8 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% |
Valuation of Spinaroo Commercial - Standalone
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 3.70 | 4.63 | 6.03 | 7.47 | 16.83 | ||||||
| Debt + | 8.64 | 8.02 | 7.40 | 7.79 | 6.51 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 3.72 | 5.25 | 4.13 | 3.98 | 3.94 | ||||||
| Others Liabilities ⓘ | 1.99 | 1.45 | 1.38 | 1.58 | 1.11 | ||||||
| Total Liabilities ⓘ | 18.05 | 19.35 | 18.93 | 20.81 | 28.38 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 2.85 | 2.45 | 1.77 | 1.62 | 1.52 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0.32 | ||||||
| Investments ⓘ | 0.24 | 0.24 | 0.09 | 0.43 | 1.74 | ||||||
| Inventories | 7.89 | 9.61 | 11.11 | 12.61 | 17.47 | ||||||
| Trade Receivables | 3.85 | 4.64 | 3.76 | 3.84 | 4.90 | ||||||
| Cash Equivalents | 0.27 | 0.64 | 0.60 | 0.59 | 0.15 | ||||||
| Others Assets ⓘ | 2.96 | 1.76 | 1.61 | 1.72 | 2.28 | ||||||
| Total Assets ⓘ | 18.05 | 19.35 | 18.93 | 20.81 | 28.38 | ||||||
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 1.23 | 1.81 | 0.86 | 0.93 | -6.37 |
| Cash Flow From Investing Activity ⓘ + | -0.33 | -0.11 | 0.74 | -0.13 | -1.78 |
| Cash Flow From Financing Activity ⓘ + | -1.26 | -1.33 | -1.65 | -0.81 | 7.70 |
| Net Cash Flow ⓘ | -0.36 | 0.37 | -0.05 | -0 | -0.44 |
Financial Ratio
| PARTICULARS | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.03 | 22.35 | 26.28 | 21.31 | 4.41 | |||||
| ROCE (%) | 13.69 | 13.63 | 19.63 | 18.62 | 6.13 | |||||
| Asset Turnover Ratio | 2.63 | 2.84 | 2.13 | 1.98 | 1.6 | |||||
| PAT to CFO Conversion(x) | 2.37 | 1.95 | 0.61 | 0.65 | -11.8 | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 29.60 | 29.20 | 37.50 | 35.30 | 40.60 | |||||
| Inventory Days | 60.70 | 60.10 | 92.60 | 110.10 | 139.80 | |||||
| Payable Days | 34.30 | 35.50 | 50.20 | 45.60 | 43.10 | |||||
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Spinaroo Commercial Ltd FAQs
The current trading price of Spinaroo Commercial on 17-Jun-2026 16:59 is ₹56.78.
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 16-Jun-2026 the market cap of Spinaroo Commercial stood at ₹39.71 Cr
The latest P/E ratio of Spinaroo Commercial as of 16-Jun-2026 is 74.06.
The latest P/B ratio of Spinaroo Commercial as of 16-Jun-2026 is 2.36.
The 52-week high of Spinaroo Commercial is ₹83.77 and the 52-week low is ₹26.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Spinaroo Commercial is ₹39.27 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Spinaroo Commercial Ltd is a average quality company.
The key valuation ratios of Spinaroo Commercial Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
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.
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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