SALONAConsumer Discretionary

Salona Cotspin Limited

Other Textile Products · ISIN INE498E01010 · BSE 590056 · NSE EQ · FV ₹10
Last price
₹266
+0.78%today
What this company does

Salona Cotspin Limited operates in Other Textile Products, part of the Consumer Discretionary sector. It booked ₹197 cr of revenue in its latest quarter (Q1 FY27) and kept 1.1% of sales as profit.

The Company is engaged in the business of manufacturing and sale of Cotton yarn, Knitted fabrics, and Garments.
In the report:
54out of 100
Equitytale Health Score
Mixed

Healthier than 54% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 69–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
52

At close. Not part of the score.

Profitability & returns61

How much profit it earns on the money it employs

Balance sheet15

How much it owes, and whether earnings cover the interest

Cash quality72

Whether reported profit actually arrives as cash

Growth & consistency43

Whether sales and profit have grown, and how steadily

Valuation60

What today's price implies, against our models or its peers

Governance & risk95

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 25% vs last year
Profit up 47% vs last year
Promoters hold 68%
Turns profit into real cash
Watch-outs
! Thin 1.1% net margin
! 0.3% of promoter stake pledged
! Carries high debt (D/E 2.3)

What if I invest in SALONA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own revenue trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹266 +0.78%
latest close · 2026-09-17
1-year return
+29.3%
52-wk low ₹18352-wk high ₹350
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio15.5Average
LowAverageHigh
P/B ratio1.67Moderate
Below bookModerateHigh
EV / EBITDA7.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.8%Fair
WeakFairStrong ▸15%
Return on capital22.3%Strong
WeakFairStrong
Net margin1.1%Thin
ThinDecentStrong
EBITDA margin5.5%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity2.26High
LowModerateHigh ▸1
Interest cover1.5×Risky
RiskyOkayStrong ▸5×
Current ratio1.12Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹140 cr
Book value
₹159
EPS
₹4.29
latest quarter
Net debt
₹190 cr
owes more than its cash
Enterprise value
₹330 cr
EBITDA
₹43 cr
annualised
EBIT
₹33 cr
annualised
Operating margin
4.2%
Return on assets
3.0%
Earnings yield
6.45%
P/S
0.18
Sales / share
₹1,494.4
Tax rate
20.0%
Face value
₹10
Shares
0.5 cr
Working capital
₹19 cr
Current assets
₹175 cr
Current liabilities
₹156 cr
Delivery %
74.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹106₹146, midpoint ₹126

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹197 cr
Other Income₹5.5 L
Total Income₹197 cr
Cost of Materials₹45 cr
Purchases of Stock-in-Trade₹121 cr
Inventory Change (±)₹3 cr
Employee Benefit Expense₹5 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹2 cr
Other Expenses₹11 cr
Total Expenses₹194 cr
Profit before Tax₹3 cr
Tax Expense₹56.6 L
Net Profit₹2 cr
Net margin on total income1.1%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹170 cr86.3%
Employee benefit expense₹5 cr2.7%
Finance costs₹5 cr2.8%
Depreciation & amortisation₹2 cr1.3%
Other expenses₹11 cr5.5%
Tax expense₹56.6 L0.3%
Profit for the period₹2 cr1.1%
Total income ₹197 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue155 cr110 cr197 cr
Total income156 cr111 cr197 cr
Expenses155 cr110 cr194 cr
Profit before tax84 L76.2 L3 cr
Tax51.2 L2 cr56.6 L
Net profit (owners' share)32.8 L-1 cr2 cr
Net margin (owners' share, on revenue)0.2%-1.2%1.1%
EPS (₹)0.62-2.594.29
YoY (latest quarter): total income +25.1% · net profit +47.4%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹304 cr
Shareholder equity
₹84 cr
parent shareholders
Total debt
₹190 cr
Cash
₹8.8 L
Cash flow · H1 FY26
Operating
₹21 cr
Investing
₹-9 cr
Financing
₹-12 cr
Peer comparison
Other Textile Products · by market value
CompanyPriceMarket capP/E
K.P.R. Mill Limited₹1,095₹37,441 cr36.2
Welspun Living Limited₹212₹20,051 cr31.4
Vardhman Textiles Limited₹561₹15,986 cr12.9
Trident Limited₹23₹11,762 cr18.6
Indo Count Industries Limited₹436₹8,625 cr34.1
Garware Technical Fibres Limited₹800₹7,809 cr30.5
Kusumgar Limited₹552₹5,790 cr33.0
Jindal Worldwide Limited₹49₹4,913 cr38.3
Filatex India Limited₹90₹4,012 cr20.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.23%
trailing 12 months
Dividend / share (TTM)
₹0.6
Last dividend
₹0.6
ex 16 Sep 2026
ActionDetailEx-date
Dividend₹0.6 / share16 Sep 2026
Dividend₹1 / share12 Sep 2025
Dividend₹1 / share13 Sep 2024
Dividend₹1 / share8 Sep 2021
Dividend₹0 / share11 Sep 2020
Dividend₹0.6 / share4 Sep 2019
Who owns it · 2026-06-30
0.3% pledged
Promoter
68.4%
Public
31.6%
Promoter stake up 1.3% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtSABITHA AGARWAL · Promoters13,000 · ₹7.5 L11 Sep 20
BoughtRAGHAV AGARWAL · Promoters16,000 · ₹9.3 L11 Sep 20
BoughtKRISHNA AGARWAL · Promoters15,000 · ₹8.7 L11 Sep 20
Bulk / block deals
BoughtSURESHKUMAR MAKWANA · NSE27,702 @ ₹297.2513 Oct 23
SoldSURESHKUMAR MAKWANA · NSE27,702 @ ₹295.3313 Oct 23
SoldMANMOHAN CHAUHAN · NSE42,641 @ ₹198.0819 Jul 21
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 19 Sep 2025
See the official result
1
To consider and adopt the Audited Financial Statements for the financial year ended 31st March 2025 together with the report of Board of Directors and the Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
26,230 votes for, 3 against
2
To declare a Dividend on Equity Shares for the financial year ended 31st March 2025
Backed by 100% of shareholders other than promotersneeded 50%
26,230 votes for, 3 against
3
To appoint a Director in place of Mr. Arunkumar Jhajharia (DIN:00003086), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
26,230 votes for, 3 against
4
To consider and, if thought fit, approve the remuneration payable to Mr. B Venkateswar, Cost Accountant, Cost Auditor of the Company, for the financial year ending March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
26,230 votes for, 3 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 24 named members
owning 68.4% between them · as of 2026-06-30
Krishna Agarwal .8.66%
Shyamlal Agarwala .8.16%
Arun Kumar Jhajharia .6.47%
Pistadevi Jhajharia .6.18%
Manoj Kumar Jhajharia .6.12%
Pramod Kumar Jhajharia .6.06%
Mahesh Agarwal4.94%
Sheli Agarwal .4.50%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.