Overview

Detailed Summary

Spice Islands Apparels focuses on the manufacturing and selling of knitted and woven garments.
The company has a significant presence in international markets, particularly the UK, Japan, and European countries, due to its early export initiatives.
With its expansion in producing knitted fabrics, Spice Islands has increased its production capacity, supporting its business growth.
Acquisition of additional shares in Bhupco Alloys Ltd extended the company's diversification into manufacturing T-shirts, demonstrating strategic moves to broaden its product line.

Sector: Consumer Durables
Industry: Gems, Jewellery And Watches
Market Cap: 187 Cr
Volatility: Low Risk
P/E Ratio: 33.0
Industry P/E: 46.5
PEG Ratio: 0.5
P/B Ratio: 15.5
52W High: 494.50
52W Low: 41.66

Sales CAGR

1Y: 42.18%
3Y: -33.74%
5Y: -45.12%
10Y: -31.34%

Profit CAGR

1Y: 66.50%
3Y: —
5Y: —
10Y: 6.19%

ROE

TTM: 40.38%
3Y: 47.01%
5Y: -167.61%
10Y: -27.50%

ROCE

TTM: 38.98%
3Y: 71.18%
5Y: -60.63%
10Y: -21.67%

Technicals

‌

Forecasts

Peers

Consumer Discretionary Consumer Durables Consumer Durables Gems, Jewellery And Watches

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SONAMLTD		53.99	216 Cr	29.53	3.65	0.00	10.24	13.27	6.37
GJL		134.60	195 Cr	9.22	2.94	0.00	30.47	29.17	20.50
SPICEISLIN		434.35	187 Cr	33.00	15.45	0.37	40.38	38.98	32.00
GOLKUNDIA		242.00	169 Cr	12.32	2.10	0.62	17.07	18.87	9.01
MINID		14.12	165 Cr	155.75	2.59	0.00	2.18	2.57	0.36
AUSOMENT		117.95	161 Cr	8.25	1.00	0.85	12.09	15.07	9.82
Median: 6 Co.	—	126.28	178 Cr	20.93	2.76	0.18	14.58	16.97	9.42

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2007	Sep 2007	Dec 2007	Jun 2008	Sep 2008	Dec 2008	Sep 2009	Dec 2009	Sep 2010	Dec 2010
Sales	2.77	3.92	1.97	3.02	3.51	2.98	4.53	7.09	5.31	4.61
Expenses	2.84	3.27	1.81	2.29	2.82	2.48	3.81	5.65	4.92	4.30
Operating Profit	-0.07	0.65	0.16	0.73	0.69	0.50	0.72	1.44	0.39	0.31
OPM %	-2.53	16.58	8.12	24.17	19.66	16.78	15.89	20.31	7.34	6.72
Other Income	0.04	0.04	0.06	0.08	0.11	0.17	0.28	0.24	0.20	0.23
Interest	0.02	0.01	0.00	0.00	0.01	0.02	0.03	0.09	0.04	0.05
Depreciation	0.08	0.09	0.08	0.08	0.08	0.10	0.06	0.08	0.07	0.08
Profit Before Tax	-0.13	0.59	0.14	0.73	0.71	0.55	0.91	1.51	0.48	0.41
Tax %	-7.69	0.00	7.14	4.11	16.90	-5.45	-9.89	27.81	12.50	34.15
Net Profit	-0.14	0.59	0.13	0.70	0.59	0.58	1.00	1.09	0.42	0.27
EPS in Rs	—	—	—	—	—	—	—	—	—	—

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	18	29	17	16	6.60	2.68	0.86	0.90	0.78	2.70
Expenses	20	30	21	18	8.41	3.83	1.08	0.91	1.74	3.26
Operating Profit	-1.80	-1.65	-4.31	-2.81	-1.81	-1.16	-0.22	-0.01	-0.96	-0.56
OPM %	-10.17	-5.72	-25.29	-17.97	-27.37	-43.23	-25.68	-1.08	-123.42	-20.74
Other Income	1.04	1.22	0.56	0.42	0.01	0.11	0.22	0.43	2.20	2.05
Interest	0.24	0.35	0.36	0.18	0.08	0.11	0.06	0.06	0.06	0.05
Depreciation	0.47	0.49	0.48	0.39	0.30	0.15	0.04	0.04	0.06	0.05
Profit Before Tax	-1.47	-1.27	-4.58	-2.96	-2.18	-1.30	-0.10	0.32	1.12	1.39
Tax %	-5.06	-3.92	14.68	0.97	0.00	-1.05	-19.32	0.00	57.46	46.04
Net Profit	-1.54	-1.32	-3.91	-2.94	-2.18	-1.32	-0.12	0.32	0.48	0.75
EPS in Rs	-1.52	-2.11	-6.31	-4.72	-3.50	-2.12	-0.19	0.53	0.77	10.07
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	4.30	4.30	4.30	4.30	4.30	4.30	4.30	4.30	4.30	4.30
Reserves	8.77	6.83	5.52	1.59	-1.35	-3.53	-4.82	-4.92	-4.60	-1.94
Borrowings	0.86	2.28	4.50	3.20	1.80	1.99	0.87	0.63	0.63	1.28
Other Liabilities	2.01	2.11	3.71	2.81	3.62	2.28	3.18	1.95	0.96	1.44
Total Liabilities	16	16	18	12	8.38	5.04	3.53	1.95	1.29	5.08
Fixed Assets	2.89	3.08	3.12	2.23	2.08	1.25	0.84	0.60	0.21	0.76
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	2.88	2.96	2.71	1.81	0.19	0.00	0.00	0.00	0.00	0.00
Other Assets	10	9.48	12	7.86	6.11	3.79	2.68	1.34	1.07	4.32
Total Assets	16	16	18	12	8.38	5.04	3.53	1.95	1.29	5.08

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	1.56	-1.78	-3.43	0.82	-0.24	-0.90	0.76	0.07	-1.22	0.30
Cash from Investing Activity	-1.37	0.85	0.38	0.54	2.12	0.50	0.15	0.15	0.37	-2.91
Cash from Financing Activity	-0.29	0.79	1.92	-1.72	-1.72	-0.08	-1.20	-0.30	0.96	2.77
Net Cash Flow	-0.10	-0.13	-1.13	-0.35	0.16	-0.48	-0.28	-0.08	0.10	0.16

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Feb 2026	Mar 2026
Promoters	0.00%	0.00%	62.50%	62.50%	62.50%	62.50%	62.50%	62.50%	62.50%	62.50%	43.11%	43.11%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	100.00%	100.00%	37.50%	37.50%	37.50%	37.50%	37.50%	37.50%	37.50%	37.50%	56.89%	56.89%
Total Shareholders	2,195	2,208	2,158	2,119	2,097	2,071	2,104	2,077	2,430	2,412	3,007	2,820

Market Transactions

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Projection

Documents

Presentations

Concalls

Reports

Presentations

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Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Board Appointment

2 days ago

Board appoints Dr. Huzaifa Khorakiwala as Non‑Executive Chairman; Nikhil Mathur appointed as Additional Director

Board approved appointment of Dr. Huzaifa Habil Khorakiwala as Additional Non‑Executive Director and Non‑Executive Chairman, and Mr. Nikhil Saran Mathur as Additional Non‑Executive Director, effective June 10, 2026, subject to shareholder approval.

Board appointment

2 days ago

Board appoints Dr. Huzaifa Khorakiwala as Non‑Executive Chairman; Nikhil Saran Mathur added as Non‑Executive Director

Board passed a circular resolution on June 10, 2026 appointing Dr. Huzaifa H. Khorakiwala (DIN: 02191870) as Additional Non‑Executive Director and Non‑Executive Chairman, and Mr. Nikhil S. Mathur (DIN: 00192195) as Additional Non‑Executive Director, both subject to shareholder approval; both not debarred.

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Frequently Asked Questions about Spice Islands Industries Ltd

Spice Islands Industries Ltd (SPICEISLIN) is currently trading at 455.35 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Spice Islands Apparels focuses on the manufacturing and selling of knitted and woven garments. The company has a significant presence in international markets, particularly the UK, Japan, and European countries, due to its early export initiatives. With its expansion in producing knitted fabrics, Spice Islands has increased its production capacity, supporting its business growth. Acquisition of additional shares in Bhupco Alloys Ltd extended the company's diversification into manufacturing T-shirts, demonstrating strategic moves to broaden its product line.

Over the past 52 weeks, Spice Islands Industries Ltd has traded between a low of ₹41.66 and a high of ₹494.50. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Spice Islands Industries Ltd has a market capitalization of approximately 186.77. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Spice Islands Industries Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 33.00 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 186.77 Cr, Spice Islands Industries Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Spice Islands Industries Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Spice Islands Industries Ltd is 33.00. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Spice Islands Industries Ltd

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