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Salona Cotspin Ltd

SALONA

Salona Cotspin Ltd

SALONA
Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹156 cr, stock is ranked 2,724
High RiskStock is 3.07x as volatile as Nifty
294.201.18% (-3.50)
294.201.18% (-3.50)

Price Chart

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Returns
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1W
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1D
1W
1M
1Y
5Y
Max
SIP
Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹156 cr, stock is ranked 2,724
High RiskStock is 3.07x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

Avg

Average profitability - not good, not bad

Entry point

Avg

The stock is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹156 cr, stock is ranked 2,724
High RiskStock is 3.07x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
23.412.010.33%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
39.166.810.72%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Salona Cotspin Limited is engaged in the business of textiles-spinning of yarn and knitted fabrics. The Company operates through Cotton Textiles segment.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 40.29%, vs industry avg of 2.98%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.09% to 0.42%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 30.33%, vs industry avg of -9.63%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue100.40121.53106.92132.97121.93230.24647.14487.20722.51729.18
Raw Materialssubtract67.9590.0376.6698.4477.52129.34564.16375.64642.44698.62
Power & Fuel Costsubtract7.094.294.226.236.075.225.403.374.67
Employee Costsubtract3.874.905.426.016.145.577.859.4710.62
Selling & Administrative Expensessubtract6.658.597.259.467.6212.2246.8725.6329.04
Operating & Other expensessubtract5.995.023.952.6715.9563.01-14.6037.975.26
Depreciation/Amortizationsubtract3.353.633.733.852.652.663.335.476.866.60
Interest & Other Itemssubtract2.772.313.474.014.084.467.389.4015.2116.19
Taxes & Other Itemssubtract0.46-0.570.080.670.721.566.962.692.280.93
EPS4.216.224.003.052.2111.6837.6133.0911.4612.78
DPS0.750.600.600.600.001.001.201.201.001.00
Payout ratio0.180.100.150.200.000.090.030.040.090.08

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2016

Annual Report Unavailable

FY 2017

Annual Report Unavailable

FY 2018

Annual Report Unavailable

FY 2019

Annual Report Unavailable

 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryTextiles

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Salona Cotspin Ltd26.122.010.33%
KPR Mill Ltd47.908.850.44%
Vedant Fashions Ltd78.4620.290.64%
Aditya Birla Real Estate Ltd587.647.250.19%

Price Comparison

Compare SALONA with any stock or ETF
Compare SALONA with any stock or ETF
SALONA
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding67.09%0.00%0.00%0.00%32.91%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep0.00%0.00%0.00%0.00%0.00%0.00%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 13, 2024

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Sep 13, 2024

Cash Dividend

Ex DateEx DateSep 8, 2021

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Sep 8, 2021

Cash Dividend

Ex DateEx DateSep 4, 2019

Final
Final | Div/Share: ₹0.60

Dividend/Share

0.60

Ex DateEx Date

Sep 4, 2019

Cash Dividend

Ex DateEx DateSep 19, 2017

Final
Final | Div/Share: ₹0.60

Dividend/Share

0.60

Ex DateEx Date

Sep 19, 2017

Cash Dividend

Ex DateEx DateSep 8, 2016

Final
Final | Div/Share: ₹0.75

Dividend/Share

0.75

Ex DateEx Date

Sep 8, 2016

News & Opinions
Earnings
Salona Cotspin standalone net profit rises 26.59% in the September 2024 quarter

Net profit of Salona Cotspin rose 26.59% to Rs 2.19 crore in the quarter ended September 2024 as against Rs 1.73 crore during the previous quarter ended September 2023. Sales declined 20.50% to Rs 166.06 crore in the quarter ended September 2024 as against Rs 208.88 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales166.06208.88 -20 OPM %4.954.92 - PBDT4.636.11 -24 PBT2.813.61 -22 NP2.191.73 27 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Salona Cotspin to hold board meeting

Salona Cotspin will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Salona Cotspin Ltd leads gainers in 'B' group

Timex Group India Ltd, Tainwala Chemicals & Plastics (India) Ltd, G G Engineering Ltd and AGI Infra Ltd are among the other gainers in the BSE's 'B' group today, 25 October 2024.Salona Cotspin Ltd spiked 19.99% to Rs 316.95 at 12:02 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 2612 shares were traded on the counter so far as against the average daily volumes of 281 shares in the past one month. Timex Group India Ltd soared 19.71% to Rs 149.1. The stock was the second biggest gainer in 'B' group. On the BSE, 12.21 lakh shares were traded on the counter so far as against the average daily volumes of 57408 shares in the past one month. Tainwala Chemicals & Plastics (India) Ltd surged 12.62% to Rs 276.1. The stock was the third biggest gainer in 'B' group. On the BSE, 2962 shares were traded on the counter so far as against the average daily volumes of 10043 shares in the past one month. G G Engineering Ltd advanced 8.42% to Rs 2.06. The stock was the fourth biggest gainer in 'B' group. On the BSE, 438.46 lakh shares were traded on the counter so far as against the average daily volumes of 64.23 lakh shares in the past one month. AGI Infra Ltd exploded 7.91% to Rs 1011.85. The stock was the fifth biggest gainer in 'B' group. On the BSE, 1504 shares were traded on the counter so far as against the average daily volumes of 1358 shares in the past one month. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Salona Cotspin AGM scheduled

Salona Cotspin announced that the 13th Annual General Meeting (AGM) of the company will be held on 23 September 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Earnings
Salona Cotspin standalone net profit rises 10.19% in the June 2024 quarter

Net profit of Salona Cotspin rose 10.19% to Rs 2.27 crore in the quarter ended June 2024 as against Rs 2.06 crore during the previous quarter ended June 2023. Sales rose 35.18% to Rs 190.01 crore in the quarter ended June 2024 as against Rs 140.56 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales190.01140.56 35 OPM %4.434.52 - PBDT4.153.60 15 PBT2.352.22 6 NP2.272.06 10 Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Salona Cotspin to discuss results

Salona Cotspin will hold a meeting of the Board of Directors of the Company on 12 August 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live

Salona Cotspin Standalone March 2023 Net Sales at Rs 146.99 crore, down 13.87% Y-o-Y

1 year agoMoneycontrol

Salona Cotspin Standalone September 2022 Net Sales at Rs 92.58 crore, down 43.68% Y-o-Y

2 years agoMoneycontrol

Ortin Laboratories Ltd leads gainers in ‘B’ group

2 years agoBusiness Standard

Yaari Digital Integrated Services Ltd leads gainers in ‘B’ group

2 years agoBusiness Standard