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Salona Cotspin Ltd (SALONA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590056 NSE: SALONA Textile - Spinning | Small Cap | Salona Cotspin Share Price

₹285 -4.65 (-1.61%)

As on 04-Jun'26 16:59

Salona Cotspin Ltd (SALONA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590056 NSE: SALONA Textile - Spinning | Small Cap | Salona Cotspin Share Price

₹285 -4.65 (-1.61%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹150 Cr.
Current Price
₹285
52-Week Low / High
₹227 / 335
TTM EPS
₹0
TTM Sales
₹631 Cr.
Book Value per Share
₹162.4
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
21.5
Price to Book (P/B)
1.76
Lower than its 5-year historical median
Price to Sales (P/S)
0.24
Higher than its 5-year historical median
EV/EBITDA
11.83
Higher than its 5-year historical median
Dividend Yield
0.43%
Profitability Efficiency
Return on Equity (ROE)
3.86%
In line with industry median
Return on Capital Employed (ROCE)
7.41%
Outperforms industry median
Return on Assets (ROA)
0.87%
Operating Profit Margin
4.8%
Net Profit Margin
0.47%
Gross Profit Margin
2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-8.32%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
5.76%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-48.94%
Asset Quality
Promoter Holding
68.42%
Pledged shares (%) of Promoter's holding (%)
0.28%
Reserves
₹80 Cr.
Equity
₹5.3 Cr.
Face Value
₹10
All Time Low / High
₹6.37 / 383.00

Salona Cotspin stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Salona Cotspin Ltd a good quality company?
Salona Cotspin Ltd is a weak quality company, based on a inconsistent 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 Salona Cotspin Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Salona Cotspin Ltd vs industry peers?
Salona Cotspin Ltd revenue CAGR is 40.29%, compared to the industry median CAGR of 1.47%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Salona Cotspin Ltd?
Promoters hold 68.42% of the Salona Cotspin Ltd, with 0.28% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Salona Cotspin Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 24.2% based on the current price.

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)

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

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10.6%8.6%8.8%8.1%7.7%13.1%22%13.9%8.3%7.4%-
Value Creation
Index
-0.2-0.4-0.4-0.4-0.5-0.10.60.0-0.4-0.5-

Growth Parameters

Sales 100121107133122230647487722662631
Sales YoY Gr.-21.1%-12%24.4%-8.3%88.9%181.2%-24.8%48.3%-8.3%-
Adj EPS 4.36.34.732.212.537.833.411.660
YoY Gr.-46.9%-25.6%-35.5%-26.6%460.5%202.1%-11.5%-65.2%-48.9%-
BVPS (₹) 46.652.956.959.460.972.1108.6140.8151.5156.8162.4
Adj Net
Profit
2.33.32.51.61.26.619.917.66.13.10
Cash Flow from Ops. 0-346.414.3-23.7-34.8-5-11.963.7-
Debt/CF from Ops. 753-11.910.97.92.8-3.2-4-31.3-21.63.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 23.3%40.3%0.8%-8.3%
Adj EPS 3.7%21.7%-46%-48.9%
BVPS14.5%20.8%13%3.5%
Share Price 24.9% 17.7% 5% 10.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
9.612.78.65.23.718.841.726.883.90
Op. Profit
Mgn %
8.77.18.77.676.75.87.24.24.85.1
Net Profit
Mgn %
2.32.82.31.212.93.13.60.90.50
Debt to
Equity
1.21.31.41.61.322.42.13.22.9-
Working Cap
Days
1401471991731831358315512313364
Cash Conv.
Cycle
113121160137140966210987998

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales100121107133122230647487722662
Operating Expenses + 9211398123113215610452692630
Manufacturing Costs16151316161719141518
Material Costs6686739284181537404637567
Employee Cost 455666891112
Other Costs 676971246252933
Operating Profit 9991091537353032
Operating Profit Margin (%) 8.7%7.1%8.7%7.6%7.0%6.4%5.8%7.2%4.2%4.8%
Other Income + 0000000000
Exceptional Items 0000000000
Interest 323444791519
Depreciation 3444333578
Profit Before Tax 333228272086
Tax 0-101127322
Profit After Tax 232216201863
PAT Margin (%) 2.3%2.8%2.3%1.2%1.0%2.7%3.1%3.6%0.9%0.5%
Adjusted EPS (₹)4.36.44.73.12.211.837.633.411.66.0
Dividend Payout Ratio (%)17.40%9.40%12.70%19.40%0%8.50%3.20%3.60%8.60%16.80%

Valuation of Salona Cotspin - 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 25283031323857748083
Share Capital 5555555555
Reserves 19232526273352697477
Debt +273340483871132151247225
Long Term Debt865971227367765
Short Term Debt192734393160105116170160
Minority Interest0000000000
Trade Payables447471818241213
Others Liabilities 867771120212433
Total Liabilities 6471839083138228270364354

Fixed Assets

Net Fixed Assets +181715262427434170106
Gross Block727476899095114117154198
Accumulated Depreciation53576164666871778491
CWIP 005100003618
Investments 0000000000
Inventories27273637374363565966
Trade Receivables13221918145396122144117
Cash Equivalents 2010110112
Others Assets 457891526505345
Total Assets 6471839083138228270364354

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0-34614-24-35-5-1264
PBT 333227272096
Adjustment 66787711152226
Changes in Working Capital -8-11-5-36-37-67-38-4131
Tax Paid -1-1-1-1-0-1-5-2-10
Cash Flow From Investing Activity + -1-2-7-100-5-20-3-72-26
Capex -1-2-7-10-0-5-20-4-72-26
Net Investments -0-0000-0-0-0-00
Others 0000000000
Cash Flow From Financing Activity + 2334-142954884-38
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -2-2-03-2515842-12
Interest Paid -3-2-3-4-4-4-7-9-15-19
Dividend Paid -00-0-0-00-1-1-1-1
Others 8875-828471057-6
Net Cash Flow 2-2-0000-0-0-00

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)9.6312.798.625.333.7117.7241.6126.777.973.86
ROCE (%)10.648.598.848.127.7313.0721.9713.888.327.41
Asset Turnover Ratio1.691.81.391.531.412.083.531.952.281.84
PAT to CFO Conversion(x)0-12314-4-1.75-0.28-221.33
Working Capital Days
Receivable Days38.8051.4069.6051.3047.5053.1042.2081.9067.3072
Inventory Days85.3081.40108.70101.10110.506329.8044.8029.3034.50
Payable Days16.101726.8021.102324.8012.2019.1010.508.40

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.700.700.700.700.280.280.280.28
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Salona Cotspin Ltd FAQs

The current trading price of Salona Cotspin on 04-Jun-2026 16:59 is ₹285.0.

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 03-Jun-2026 the market cap of Salona Cotspin stood at ₹150.0 Cr

The latest P/E ratio of Salona Cotspin as of 03-Jun-2026 is 0.00.

The latest P/B ratio of Salona Cotspin as of 03-Jun-2026 is 1.76.

The 52-week high of Salona Cotspin is ₹335.0 and the 52-week low is ₹227.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Salona Cotspin is ₹631 ( Cr.) .

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

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

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Salona Cotspin Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Salona Cotspin Ltd

Salona Cotspin, a Salona Group company, is engaged in the manufacture of carded and combed, ring spun greige yarns for knitting and weaving applications, from cotton. Salona Cotspin was incorporated in 1994 as a public limited company having administrative and export division Office at Coimbatore and Branches at Calcutta and  Tirupur.

The Salona Group is a leading Indian manufacturer and exporter of Cotton Yarn, Knitted / Woven / Fabrics and Garments. The registered office and manufacturing unit of Salona Cotspin is at Poongampalli Erode District with an installed capacity of 11,000 spindles. The company is listed at Coimbatore, Calcutta,Chennai & Ahmedabad Stock Exchanges. The company specializes in 100% cotton yarn.

Salona yarn is made on state-of-the-art machines. They are designed to provide maximum flexibility  to the customers while maintaining  the desired  quality of their knitting and weaving customers The raw materials, the work in progress materials and the final yarn produced are continuously tested to ensure that the yarn quality is of the  highest international standards.

Product range of the company includes:

  • 100% Cotton Yarn
  • Ring Spin for Knitting & Weaving
  • Count - 20/1 TO 40/1
  • Carded - Semicombed & Super Combed
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