Is Spinaroo Commercial Ltd (544392) 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 .

Is Spinaroo Commercial Ltd (544392) 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 Somewhat overvalued zone .

What is Spinaroo Commercial Ltd (544392) share price return in the past 10 years?

Data is not available for this company

Is Spinaroo Commercial Ltd (544392) 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.

What is the share price of Spinaroo Commercial Ltd (544392)?

Company share prices are keep on changing according to the market conditions. The current trading price of Spinaroo Commercial Ltd (544392) on 10-Apr-2026 16:59:59 at 16:59 is 57.80.

What is the P/E ratio of Spinaroo Commercial?

The latest standalone P/E ratio of Spinaroo Commercial as of 10-Apr-2026 is 28.11.

What is the P/B ratio of Spinaroo Commercial Ltd (544392)?

The latest standalone P/B ratio of Spinaroo Commercial Ltd (544392) as of 10-Apr-2026 is 2.00.

What is the 52-week high and low of Spinaroo Commercial Ltd (544392)?

The 52-week high of Spinaroo Commercial Ltd (544392) is Rs. 83.77 and the 52-week low is Rs. 26.60.

Spinaroo Commercial Ltd (544392) Share Analysis – Brand Strength, Quality & Valuation Zone & DeciZen Rating

Name: Spinaroo Commercial Ltd (544392)
Brand: Spinaroo Commercial

Spinaroo Commercial Ltd (544392) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Key Metrics

Market Cap

₹40 Cr.

P/E Ratio

28.11

Price to Book (P/B)

2.00

Price to Sales (P/S)

1.03

EV/EBITDA

16.01

Return on Capital Employed (ROCE)

19.63%

Current Price

₹57.8

Return on Equity (ROE)

26.28%

Return on Assets (ROA)

7.32%

Operating Profit Margin

6.5%

Net Profit Margin

3.43%

Gross Profit Margin

5.6%

Book Value per Share

₹28.9

Sales Growth (YoY)

-23.13%

Sales Growth (3 Years)

NA%

Operating Profit Growth (1 Year)

21.36%

Operating Profit Growth (3 Years)

N/A%

Net Profit Growth (1 Year)

50.54%

52-Week Low / High

₹27 / 84

Net Profit Growth (3 Years)

N/A%

Dividend Yield

0.00%

Promoter Holding

47.66%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Spinaroo Commercial Ltd?

Spinaroo Commercial Ltd revenue growth is -23.1% for FY-2024 , which is below its 5 year CAGR of 0% , indicating slower growth.

Q.1 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.

Q.1 Revenue growth of Spinaroo Commercial Ltd vs industry peers?

Spinaroo Commercial Ltd revenue CAGR is 0.00% , compared to the industry median CAGR of 2.49% , indicating stable growth and maintaining its market share.

Q.1 Which industry/sub-sector does Spinaroo Commercial Ltd belong to?

Spinaroo Commercial Ltd belongs to the FMCG sector, operating specifically within the Packaging segment.

Q.1 Stock return of Spinaroo Commercial Ltd over the last decade?

Over the last 1 year(s), the stock has delivered a CAGR of -13.41% based on the current price.

DeciZen - make an informed investing decision on Spinaroo Commercial

Based on:

Data

M-Cap below 100cr DeciZen not available

Spinaroo Commercial stock performance

Key Ratios

Is Spinaroo Commercial Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	13.7%	13.6%	19.6%	-
Value Creation Index ⓘ	0.0	0.0	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	47.4	53.1	40.8	39
Sales YoY Gr.	-	12%	-23.1%	-
Adj EPS ⓘ	1	1.9	2.3	2.1
YoY Gr.	-	87.9%	24.7%	-
BVPS (₹) ⓘ	7.4	9.3	12.1	28.9
Adj Net Profit ⓘ	0.5	0.9	1.2	1
Cash Flow from Ops. ⓘ	1.2	1.8	0.9	-
Debt/CF from Ops. ⓘ	7.3	4.7	8.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	NA	-23.1%
Adj EPS ⓘ	NA	NA	NA	24.7%
BVPSⓘ	NA	NA	NA	30.2%
Share Price	-	-	-	-13.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	13.3	22.4	21.8	10.1
Op. Profit Mgn % ⓘ	4.7	4.1	6.5	NAN
Net Profit Mgn % ⓘ	1	1.8	2.8	3.7
Debt to Equity ⓘ	2.4	1.8	1.3	-
Working Cap Days ⓘ	0	106	145	0
Cash Conv. Cycle ⓘ	0	58	85	0

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	2.1	-
TTM Sales (₹ Cr.)	39.3	-
BVPS (₹) ⓘ	28.9	-
Reserves (₹ Cr.) ⓘ	13	-
P/BV ⓘ	2.00	-
PE ⓘ	28.11	-

From the Market
52 Week Low / High (₹)	26.60 / 83.77
All Time Low / High (₹)	26.60 / 83.77
Market Cap (₹ Cr.)	40.4
Equity (₹ Cr.)	7
Face Value (₹)	10
Industry PE ⓘ	20.7

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Spinaroo Commercial - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24
Sales	47.44	53.13	40.84
Operating Expenses ⓘ +	45.20	50.93	38.17
Manufacturing Costs	3.29	2.69	2.62
Material Costs	39.69	46.14	34.08
Employee Cost	0.62	0.46	0.27
Other Costs ⓘ	1.59	1.63	1.21
Operating Profit ⓘ	2.25	2.20	2.67
Operating Profit Margin (%)	4.7%	4.1%	6.5%
Other Income ⓘ +	0.13	0.07	0.38
Exceptional Items ⓘ	0	0	0
Interest ⓘ	0.81	0.78	0.75
Depreciation ⓘ	0.64	0.51	0.43
Profit Before Tax ⓘ	0.93	0.98	1.86
Tax ⓘ	0.41	0.05	0.46
Profit After Tax	0.52	0.93	1.40
PAT Margin (%)	1.1%	1.8%	3.4%
Adjusted EPS (₹)	1.0	1.9	2.8
Dividend Payout Ratio (%)	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund +	3.70	4.63	6.03
Share Capital ⓘ	1	1	1
Reserves ⓘ	2.70	3.63	5.03
Debt +	8.64	8.02	7.40
Long Term Debt	1.44	1.69	0.82
Short Term Debt	7.20	6.33	6.58
Minority Interest	0	0	0
Trade Payables	3.72	5.25	4.13
Others Liabilities ⓘ	1.99	1.45	1.38
Total Liabilities ⓘ	18.05	19.35	18.93
Fixed Assets
Net Fixed Assets ⓘ +	2.85	2.45	1.77
Gross Block	2.87	2.47	1.79
Accumulated Depreciation	0.02	0.02	0.02
CWIP ⓘ	0	0	0
Investments ⓘ	0.24	0.24	0.09
Inventories	7.89	9.61	11.11
Trade Receivables	3.85	4.64	3.76
Cash Equivalents	0.27	0.64	0.60
Others Assets ⓘ	2.96	1.76	1.61
Total Assets ⓘ	18.05	19.35	18.93

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ +	1.23	1.81	0.86
PBT ⓘ	0.93	0.98	1.86
Adjustment ⓘ	1.35	1.27	0.82
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	-0.11	0.74
Capex	-0.13	-0.12	0.35
Net Investments	0	0	0.39
Others ⓘ	-0.21	0.01	0
Cash Flow From Financing Activity ⓘ +	-1.26	-1.33	-1.65
Net Proceeds from Shares ⓘ	0	0	0
Net Proceeds from Borrowing ⓘ	-1.69	0.25	-0.88
Interest Paid ⓘ	-0.73	-0.77	-0.73
Dividend Paid ⓘ	0	0	0
Others ⓘ	1.16	-0.81	-0.04
Net Cash Flow ⓘ	-0.36	0.37	-0.05

Finance Ratio

PARTICULARS	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	14.03	22.35	26.28
ROCE (%)	13.69	13.63	19.63
Asset Turnover Ratio	2.63	2.84	2.13
PAT to CFO Conversion(x)	2.37	1.95	0.61
Working Capital Days
Receivable Days	30	29	38
Inventory Days	61	60	93
Payable Days	34	36	50

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Spinaroo Commercial Ltd FAQs

The current trading price of Spinaroo Commercial on 10-Apr-2026 16:59 is ₹57.80.

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 09-Apr-2026 the market cap of Spinaroo Commercial stood at ₹40.43 Cr

The latest P/E ratio of Spinaroo Commercial as of 09-Apr-2026 is 28.11.

The latest P/B ratio of Spinaroo Commercial as of 09-Apr-2026 is 2.00.

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 ₹39.31 ( 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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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Spinaroo Commercial Ltd (544392) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Spinaroo Commercial Share Price