Shiva Mills Limited
NSE: SHIVAMILLSOther Textile Products
Share price
₹59.58
-0.88% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
52
out of 100 · worked out 9 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹54 Cr
P/E ratio
15.9
P/B ratio
0.6
ROCE
-0.7%
ROE
0.0%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales fell 14.1% over the past year. Meanwhile what it keeps of every 100 rupees of sales slipped from 13.8% to 6.3% over the last four years.
Whether it grew faster than its sector
It grew -1.2% a year against a sector median of 7.2% — 8.5 percentage points slower.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 0.7 times its growth rate, on earnings growth of 24%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Shiva Mills Limited — this one | 24%/yr | 15.9× | ₹0.66 |
| Filatex India Limited | — | 25.1× | — |
| Alok Industries Limited | 3%/yr | — | — |
| Jindal Worldwide Limited | -18%/yr | 50.7× | — |
| Sanathan Textiles Limited | -23%/yr | 69.6× | — |
| Raymond Lifestyle Limited | — | 24.0× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Other Textile Products), it ranks 97 of 106 on returns, 85 of 103 on growth, 82 of 106 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
It is losing money on the capital in the business, so there is no advantage to measure.
Whether its growth pays for itself
Yes — Over the last five years it made ₹27 crore of cash from the business, spent ₹18 crore on plant and equipment, and returned ₹10 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 11 years, about 448 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back more slowly than it used to: it went from being waiting 72 days for its cash to waiting 83 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
8 of 8 checks clear · 100%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 17 Sep 2026 · Standalone · Unaudited
Revenue
₹38 Cr
Revenue vs last year
+1.4%
Revenue vs last quarter
+3.3%
Net profit
₹3 Cr
Profit vs last quarter
+100.5%
Net margin
7.4%
EPS
₹3.27
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹54 Cr
- Prev close
- ₹59.58
- 52w High
- ₹74.0
- 52w Low
- ₹43.0
- Enterprise value
- ₹49 Cr
- Beta
- 0.8
- Price CAGR 1y
- -15.0%
- Price CAGR 3y
- -7.0%
- Price CAGR 5y
- -11.0%
- Price CAGR 10y
- —
Ratios
- Return on assets
- 0.0%
- PEG ratio
- 0.6
- P/E ratio
- 15.9
- P/B ratio
- 0.6
- EV / EBITDA
- 5.3
- Industry P/E
- 16.3
- ROCE
- -0.7%
- ROCE 5y average
- 2.0%
- ROE
- 0.0%
- Debt / Equity
- 0.0
- Interest coverage
- —
- Dividend yield
- 0.0%
- ROE 3y average
- -3.0%
- ROE last year
- -1.0%
Annual P&L
- Annual revenue
- ₹139 Cr
- Annual profit
- ₹0 Cr
- Operating margin
- 4.1%
- Net profit margin
- 0.0%
- EBITDA margin
- 4.3%
- Sales growth 3y
- -4.4%
- Sales growth 5y
- 0.0%
- Profit growth 3y
- 24.0%
- Profit growth 5y
- —
- EPS
- ₹-0.1
- Sales growth TTM
- -14.0%
- Profit growth TTM
- 194.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹38 Cr
- Profit latest quarter
- ₹3 Cr
- YoY quarterly sales growth
- 1.4%
- YoY quarterly profit growth
- —
- OPM latest quarter
- 11.9%
Balance Sheet
- Book Value
- ₹103
- Face Value
- ₹10.0
- Total debt
- ₹0 Cr
- Total cash
- ₹5 Cr
- Borrowings
- ₹0 Cr
- Reserves / Equity
- 9.3
Cash Flow
- Operating cash flow
- ₹16 Cr
- Free cash flow
- ₹14 Cr
- FCF yield
- 24.6%
- Net cash flow
- ₹5 Cr
Shareholding
- Promoter holding
- 74.9%
- FII holding
- 0.3%
- DII holding
- 0.0%
- Public holding
- 24.7%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| K P R Mill Ltd | 1,067.60 | 40.0 | 36,492 | 0.45 | 258.5 | 21.6 | 1,935.5 | 9.6 | 19.6 |
| Welspun Living | 228.20 | 77.4 | 21,559 | 0.04 | 162.6 | 83.6 | 2,795.5 | 23.7 | 6.3 |
| Vardhman Textile | 528.90 | 18.1 | 15,316 | 0.92 | 314.6 | 49.5 | 2,703.1 | 13.3 | 8.6 |
| Trident | 21.96 | 28.4 | 11,191 | 2.26 | 158.1 | 12.9 | 1,786.8 | 4.7 | 9.8 |
| Indo Count Inds. | 458.50 | 60.2 | 9,081 | 0.32 | 63.2 | 62.0 | 1,207.0 | 25.9 | 8.2 |
| Garware Tech. | 762.00 | 33.7 | 7,441 | 1.17 | 64.6 | 21.7 | 482.4 | 31.4 | 22.0 |
| Kusumgar | 594.35 | 49.6 | 6,240 | 0.00 | 41.9 | 882.6 | 241.9 | 93.6 | 18.8 |
| Shiva Mills | 60.11 | 15.4 | 52 | 0.00 | 2.8 | 556.5 | 38.1 | 1.4 | -0.7 |
| Median | 115.85 | 18.7 | 359 | 0.00 | 5.9 | 45.4 | 116.3 | 10.5 | 9.9 |
Competes with: Alok Industries Limited, Garware Technical Fibres Limited, Indo Count Industries Limited, K.P.R. Mill Limited, Kusumgar Limited, Trident Limited, Vardhman Textiles Limited, Welspun Living Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 33 | 42 | 35 | 47 | 44 | 48 | 36 | 41 | 38 | 30 | 34 | 37 | 38 |
| Expenses | 34 | 41 | 35 | 45 | 43 | 47 | 36 | 40 | 36 | 29 | 34 | 34 | 34 |
| Material Cost | 25 | 25 | 25 | 23 | 21 | 26 | |||||||
| Change in Inventories | 6.70 | 2.83 | -4.25 | 2.45 | 4.78 | -2.27 | |||||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 0 | 0.05 | |||||||
| Employee Cost | 3.55 | 3.81 | 3.87 | 3.74 | 3.60 | 4.17 | |||||||
| Other Expenses | 4.94 | 4.76 | 4.35 | 4.26 | 4.64 | 5.19 | |||||||
| Operating Profit | -0.63 | 0.80 | 0.57 | 1.92 | 0.86 | 0.97 | -0.11 | 0.67 | 1.07 | 1.37 | 0.63 | 2.61 | 4.53 |
| OPM % | -1.91 | 1.90 | 1.61 | 4.06 | 1.94 | 2.02 | -0.31 | 1.63 | 2.85 | 4.50 | 1.84 | 7.08 | 12 |
| Other Income | 0.22 | 0.16 | 0.08 | 0.43 | 0.15 | 0.12 | 0.57 | 0.51 | 0.10 | 0.23 | 0.39 | 0.49 | 0.52 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Interest | 0.04 | 0.28 | 0.13 | 0.31 | 0.33 | 0.29 | 0.26 | 0.35 | 0.16 | 0.13 | 0.08 | 0.03 | 0.02 |
| Depreciation | 1.63 | 1.70 | 1.70 | 1.69 | 1.66 | 1.68 | 1.71 | 1.70 | 1.67 | 1.75 | 1.83 | 1.71 | 1.64 |
| Profit before tax | -2.08 | -1.02 | -1.18 | 0.35 | -0.98 | -0.88 | -1.51 | -0.87 | -0.66 | -0.28 | -0.89 | 1.36 | 3.39 |
| Tax % | -10 | -12 | -22 | -29 | -13 | -18 | -2.65 | -11 | -6.06 | -43 | -20 | -3.68 | 17 |
| Net Profit | -1.88 | -0.90 | -0.92 | 0.45 | -0.85 | -0.72 | -1.47 | -0.77 | -0.62 | -0.16 | -0.71 | 1.41 | 2.83 |
| EPS in Rs | -2.18 | -1.04 | -1.06 | 0.52 | -0.98 | -0.83 | -1.70 | -0.89 | -0.72 | -0.19 | -0.82 | 1.63 | 3.27 |
| Diluted EPS in Rs | -0.89 | -0.72 | -0.19 | -0.82 | 1.63 | 3.27 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | -0 | 170 | 169 | 175 | 164 | 139 | 213 | 159 | 158 | 169 | 139 | 140 |
| Expenses | -0 | 148 | 153 | 156 | 152 | 119 | 183 | 161 | 155 | 167 | 133 | 131 |
| Material Cost | 131 | 95 | ||||||||||
| Change in Inventories | -0.47 | 5.82 | ||||||||||
| Purchases of Stock-in-Trade | 0 | 0 | ||||||||||
| Employee Cost | 17 | 15 | ||||||||||
| Other Expenses | 20 | 18 | ||||||||||
| Operating Profit | -0 | 21 | 16 | 20 | 12 | 20 | 30 | -2 | 3 | 2 | 6 | 9 |
| OPM % | 13 | 10 | 11 | 7 | 15 | 14 | -1.10 | 1.70 | 1.30 | 4.10 | 7 | |
| Other Income | -0 | 0 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 2 | 1 | 2 |
| Exceptional items (within Other Income) | 0 | 0 | ||||||||||
| Interest | -0 | 6 | 6 | 8 | 6 | 3 | 1 | 1 | 1 | 1 | 0.40 | 0 |
| Depreciation | -0 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 7 | 6.76 | 6.96 | 7 |
| Profit before tax | -0 | 10 | 6 | 8 | 2 | 12 | 24 | -7 | -4 | -4.25 | -0.47 | 4 |
| Tax % | 57 | 35 | 13 | 24 | 30 | 28 | -4 | -17 | -10 | -81 | ||
| Net Profit | -0 | 4 | 4 | 7 | 1 | 9 | 18 | -7 | -3 | -3.81 | -0.09 | 3 |
| EPS in Rs | 4.48 | 7.64 | 1.32 | 9.89 | 20 | -8.29 | -3.76 | -4.41 | -0.10 | 3.89 | ||
| Diluted EPS in Rs | -4.41 | -0.10 | ||||||||||
| Dividend Payout % | 0 | 31 | 18 | -0 | 10 | 6 | -0 | -0 | -0 | -0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 0%
- 3 years
- -4%
- TTM
- -14%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- 24%
- TTM
- 194%
Stock price CAGR
- 10 years
- —
- 5 years
- -11%
- 3 years
- -7%
- 1 year
- -15%
Return on equity
- 10 years
- 3%
- 5 years
- 0%
- 3 years
- -3%
- Last year
- -1%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.05 | 0.05 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 8.64 | 8.64 |
| Reserves | -0 | 75 | 69 | 74 | 74 | 82 | 99 | 91 | 88 | 84 | 84 |
| Borrowings | -0 | 67 | 57 | 54 | 40 | 4 | 8 | -0 | 10 | 10 | -0 |
| Other Liabilities | 0 | 24 | 24 | 19 | 18 | 20 | 16 | 16 | 16 | 16 | 15 |
| Total Liabilities | 0 | 167 | 159 | 155 | 141 | 115 | 132 | 116 | 123 | 119 | 108 |
| Fixed Assets | -0 | 83 | 81 | 80 | 76 | 70 | 66 | 65 | 64 | 60 | 55 |
| CWIP | -0 | 0 | 0 | -0 | -0 | -0 | -0 | 3 | 0 | 0 | 0 |
| Investments | -0 | 0 | 0 | 0 | 0 | -0 | 0 | 1 | 1 | 1 | 1 |
| Other Assets | 0 | 84 | 78 | 75 | 65 | 44 | 66 | 47 | 58 | 58 | 52 |
| Total Assets | 0 | 167 | 159 | 155 | 141 | 115 | 132 | 116 | 123 | 118 | 107 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0 | 7 | 19 | 18 | 16 | 43 | -3 | 27 | -17 | 4 | 16 |
| Cash from Investing Activity | -0 | -6 | -5 | -3 | -1 | -0 | -1 | -8 | -3 | -3 | -1 |
| Cash from Financing Activity | -0 | 2 | -18 | -12 | -20 | -39 | 2 | -10 | 10 | -2 | -10 |
| Net Cash Flow | -0 | 3 | -3 | 3 | -4 | 3 | -2 | 9 | -10 | -0 | 5 |
| Free Cash Flow | -0 | 1 | 14 | 14 | 15 | 42 | -4 | 19 | -20 | 1 | 13 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 43 | 56 | 59 | 28 | 26 | 33 | 46 | 58 | 32 | |
| Inventory Days | 154 | 144 | 123 | 105 | 108 | 116 | 43 | 94 | 72 | 107 | |
| Days Payable | 33 | 48 | 23 | 22 | 29 | 6 | 14 | 16 | 17 | 19 | |
| Cash Conversion Cycle | 165 | 139 | 156 | 141 | 107 | 136 | 62 | 123 | 113 | 120 | |
| Working Capital Days | -11 | 6 | 8 | 21 | 52 | 72 | 49 | 72 | 68 | 83 | |
| ROCE % | 23 | 9 | 11 | 6 | 14 | 24 | -7 | -3 | -3 | -1 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
-5.04inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
News
News and filings about Shiva Mills Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- Cotton
Depends on the price of
- cotton
- cotton yarn
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Textiles
- Industry
- Other Textile Products
- Classification
- Textiles › Other Textile Products
- ISIN
- INE644Y01017
Plants
- Shiva Mills Spinning Unit, Velvarkottai
- Shiva Mills Windmill Unit, Dhanakarkulam
- Shiva Mills Windmill Unit, Gathalrev
- Shiva Mills Windmill Unit, Irukkandurai
- Shiva Mills Windmill Unit, Vadavalli
- Shiva Mills Windmill Unit, Varapatti
News impact
Big market events that reach Shiva Mills Limited, and how the effect spreads.
30 Sept, 14:13 IST · Market event · high impact
JSW Cement to merge with listed arm Shiva Cement
JSW Cement plans to merge its listed arm Shiva Cement, likely lifting Shiva Cement holders and mildly helping JSW Cement, with no real effect on same-name textile firms or big cement rivals.
Who it hits first
- JSW Cement, a cement maker, plans to absorb its listed arm Shiva Cement, which makes cement, into one company.
- Shiva Cement holders face a repricing as the merger swap ratio will set what their shares convert into, though the ratio is not yet disclosed.
- JSW Cement holders get a simpler group with one listed cement unit, but also take on Shiva Cement's weak balance sheet with negative book value.
Who may gain
- Shiva Cement holders may gain if the swap offers a premium to the current price, as listed targets often do in mergers.
- JSW Cement holders may gain modestly over time from lower listing costs and a single pool of cement assets.
- Lawyers, bankers and advisers on the deal earn fees, but no operating customer gains cement demand from this paperwork merger.
Along the supply chain
Downstream
No direct downstream link — dealers and builders face the same cement supply and prices, since plants and output do not change on announcement.
Upstream
No direct supply-chain link — quarries, coal and freight suppliers to both cement plants see no volume change from a share merger.
Where demand moves
Business
No new cement is ordered or sold because of this merger — builders buy the same bags from the same plants; the only business change is internal, combining two balance sheets.
Capital
Money may rotate toward Shiva Cement shares on hopes of a merger premium, while JSW Cement shares see mild buying on simplification; big rivals see no fresh capital pull.
How it spreads across sectors
Construction Materials
Small consolidation signal as JSW folds its listed arm in-house; large makers like UltraTech and Ambuja see no demand shift.
Textiles
No ripple — Shiva Mills and Shiva Texyarn share only a first name with Shiva Cement and make cloth, not cement.
When it plays out
Immediate
1–7 days: Shiva Cement shares reprice on merger hopes; JSW Cement steadies as investors wait for the swap ratio.
Medium term
1–6 months: shareholder and regulatory votes decide the merger; combined accounts show whether the simplification saved costs.
Short term
1–4 weeks: swap ratio and approvals timetable emerge; textile namesakes drift back as no link is confirmed.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 17 Aug 2022 | unspecified | ₹1.2 |
|---|---|---|
| 9 Sep 2021 | unspecified | ₹1 |
| 8 Aug 2019 | unspecified | ₹1.4 |
| 14 Sep 2018 | unspecified | ₹1.4 |
Splits, bonuses & buybacks
- daily-prices repair: 8 rows from NSE's archive (replace 2, delete 0, insert 6), 2018-02-28..2026-02-01 (docs/flat_day_repair.md)1× · 28 Feb 2018
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2627 Jul 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.