Salona Cotspin

Who are the top shareholders of the Salona Cotspin?

The top shareholders of Salona Cotspin include Krishna Agarwal, who holds 8.47%, and Pansari Textiles & Investments Private Limited, with 3.8%. Individual investors collectively own 20.52%, while there are no mutual fund or foreign institutional investor holdings.

The top shareholders of Salona Cotspin include the promoters, with Krishna Agarwal holding the highest individual stake at 8.47%. The company has no mutual fund or foreign institutional investor (FII) holdings. The highest public shareholder is Pansari Textiles & Investments Private Limited, which holds 3.8%. Additionally, individual investors collectively own 20.52% of the company.

What does Salona Cotspin do?

Salona Cotspin Ltd. is a manufacturer and exporter of cotton yarn and knitted fabrics, operating in the Micro Cap market. As of March 2025, it reported net sales of 148 Cr and a net loss of 3 Cr, with a market cap of Rs 134 Cr.

Overview: <BR>Salona Cotspin Ltd. is a manufacturer and exporter of cotton yarn and knitted fabrics, operating in the Garments & Apparels industry within the Micro Cap market-cap bracket.<BR><BR>History: <BR>Incorporated in 1994, Salona Cotspin has been engaged in the cotton textile segment. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 148 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: -3 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 134 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 43.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 0.39% <BR>Debt Equity: 2.86 <BR>Return on Equity: 3.78% <BR>Price to Book: 1.64 <BR><BR>Contact Details: <BR>Address: 74/12 & 75/3 Sathy Main Road, Pungampalli Valipalayam PO Erode Tamil Nadu : 638402 <BR>Tel: 91-04295-268381/82 <BR>Email: info@salonagroup.com <BR>Website: http://www.salonagroup.com

When is the next results date for Salona Cotspin?

No Upcoming Board Meetings

Who are in the management team of Salona Cotspin?

As of March 2022, the management team of Salona Cotspin includes Shyamlal Agarwala (Chairman & Managing Director), Manoj Kumar Jhajharia (Joint Managing Director), and four independent directors: Dhiresh Jayasi, Meenakumari Shanmugam, Sajith K B (Company Secretary & Compliance Officer), Arun Kumar Jhajharia (Director), and Hari Desikan Ganesh.

As of March 2022, the management team of Salona Cotspin includes the following individuals:<BR><BR>1. Shyamlal Agarwala - Chairman & Managing Director<BR>2. Manoj Kumar Jhajharia - Joint Managing Director<BR>3. Dhiresh Jayasi - Independent Director<BR>4. Meenakumari Shanmugam - Independent Director<BR>5. Sajith K B - Company Secretary & Compliance Officer<BR>6. Arun Kumar Jhajharia - Director<BR>7. Hari Desikan Ganesh - Independent Director<BR><BR>These members play key roles in the governance and management of the company.

Has Salona Cotspin declared dividend?

Salona Cotspin Ltd. has declared a 10% dividend, amounting to 1 per share, with an ex-date of September 13, 2024. While recent total returns show mixed performance, the company has achieved significant positive returns over the longer term.

Salona Cotspin Ltd. has declared a 10% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 10%<BR>- Amount per share: 1 per share<BR>- Ex-date: 13 Sep 24<BR><BR>Dividend Yield: 0.39%.<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -11.78%, with a dividend return of 0%, resulting in a total return of -11.78%.<BR><BR>For the 1-year period, the price return was -9.31%, the dividend return was 0.34%, leading to a total return of -8.97%.<BR><BR>Over the 2-year period, the price return was -0.37%, the dividend return was 0.36%, which resulted in a total return of -0.01%.<BR><BR>In the 3-year period, the price return was 3.82%, with a dividend return of 0.48%, culminating in a total return of 4.3%.<BR><BR>For the 4-year period, the price return was 102.9%, the dividend return was 1.36%, resulting in a total return of 104.26%.<BR><BR>In the 5-year period, the price return was 401.27%, with a dividend return of 3.15%, leading to a total return of 404.42%.<BR><BR>Overall, Salona Cotspin Ltd. has declared a dividend, but the total returns over the recent periods show a mixed performance, with significant positive returns over the longer term despite some negative returns in the shorter periods.

Who are the peers of the Salona Cotspin?

Salona Cotspin's peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Bhandari Hosiery, Omnitex Industri, Pion. Embroider., and Suryalak. Cott. In terms of management risk, Salona Cotspin has a good rating, with a 1-year return of 7.03%, higher than Vedant Fashions but lower than Page Industries.

Peers: The peers of Salona Cotspin are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Bhandari Hosiery, Omnitex Industri, Pion. Embroider., and Suryalak. Cott.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Salona Cotspin and Trent. Average management risk is noted at Trident and Omnitex Industri, while Below Average management risk is present at Bhandari Hosiery, Pion. Embroider., Suryalak. Cott., and SEL Mfg. Co. In terms of Growth, Excellent growth is seen at Trent, while Good growth is noted at Salona Cotspin, K P R Mill Ltd, and Suryalak. Cott. Below Average growth is observed at Page Industries, Vedant Fashions, Trident, Bhandari Hosiery, Pion. Embroider., and SEL Mfg. Co, with Average growth at Omnitex Industri. Capital Structure ratings show Excellent at Page Industries, K P R Mill Ltd, and Vedant Fashions, Good at Trident, Below Average at Salona Cotspin, Bhandari Hosiery, Omnitex Industri, Pion. Embroider., Suryalak. Cott., and SEL Mfg. Co.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Page Industries at 26.58%, while the lowest is Vedant Fashions at -24.65%. Salona Cotspin's 1-year return of 7.03% is higher than Vedant Fashions but lower than Page Industries. Additionally, the peers with negative six-month returns include Vedant Fashions, Trident, Bhandari Hosiery, Pion. Embroider., Suryalak. Cott., and SEL Mfg. Co.

What is the technical trend for Salona Cotspin?

As of June 6, 2025, Salona Cotspin's technical trend is neutral with mixed signals: weekly indicators show mild bullishness while monthly indicators lean bearish, resulting in a lack of clear direction.

As of 6 June 2025, the technical trend for Salona Cotspin has changed from mildly bearish to sideways. The current stance is neutral, with mixed signals across different time frames. The weekly MACD is mildly bullish, while the monthly MACD is mildly bearish. The weekly RSI shows no signal, but the monthly RSI is bullish. Bollinger Bands indicate a bullish trend on the weekly chart, yet mildly bearish on the monthly. Daily moving averages are mildly bearish, contrasting with the weekly KST, which is mildly bullish, while the monthly KST remains bearish. Dow Theory reflects a mildly bullish stance on the weekly level but is mildly bearish on the monthly. On-balance volume (OBV) is bullish for both weekly and monthly periods. Overall, the indicators suggest a lack of clear direction, with strength varying across different metrics.

How big is Salona Cotspin?

As of 24th July, Salona Cotspin Ltd. has a market capitalization of 134.00 Cr, with recent net sales of 662.15 Cr and a net profit of 3.12 Cr. The balance sheet for March 2024 shows shareholder's funds of 79.77 Cr and total assets of 363.55 Cr.

As of 24th July, Salona Cotspin Ltd. has a market capitalization of 134.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Salona Cotspin reported Net Sales of 662.15 Cr and a Net Profit of 3.12 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 79.77 Cr and Total Assets of 363.55 Cr.

How has been the historical performance of Salona Cotspin?

Salona Cotspin's historical performance shows fluctuating financial metrics, with net sales declining from 722.26 Cr in March 2024 to 662.16 Cr in March 2025, while operating profit slightly increased to 32.12 Cr. Despite a drop in profits, cash flow from operating activities improved significantly to 63 Cr in March 2025.

Answer:<BR>The historical performance of Salona Cotspin shows a fluctuating trend in key financial metrics over the years.<BR><BR>Breakdown:<BR>Salona Cotspin's net sales peaked at 722.26 Cr in March 2024 but declined to 662.16 Cr by March 2025. The total operating income followed a similar pattern, decreasing from 722.26 Cr in March 2024 to 662.16 Cr in March 2025. The company's total expenditure, excluding depreciation, was 630.19 Cr in March 2025, down from 692.03 Cr in March 2024. Operating profit (PBDIT) was 32.12 Cr in March 2025, a slight increase from 30.48 Cr in the previous year, although it was lower than the 35.13 Cr recorded in March 2023. Profit before tax fell to 5.54 Cr in March 2025 from 8.40 Cr in March 2024, and profit after tax also decreased to 3.13 Cr from 6.13 Cr. The company's total liabilities decreased from 363.55 Cr in March 2024 to 354.50 Cr in March 2025, while total assets also saw a decline from 363.55 Cr to 354.50 Cr in the same period. Cash flow from operating activities improved significantly to 63 Cr in March 2025, compared to a negative cash flow of -11 Cr in March 2024, indicating a positive shift in operational efficiency. Overall, Salona Cotspin's financial performance reflects a mix of challenges and improvements across various metrics over the years.

Is Salona Cotspin overvalued or undervalued?

As of December 3, 2025, Salona Cotspin is considered overvalued with a valuation grade of "attractive," reflected in its high PE Ratio of 114.02 and underperformance of -1.90% year-to-date compared to the Sensex's 9.90% gain.

As of 3 December 2025, the valuation grade for Salona Cotspin has moved from very attractive to attractive, indicating a shift in market perception. The company is currently considered overvalued. Key ratios include a PE Ratio of 114.02, an EV to EBITDA of 11.16, and a Price to Book Value of 1.69, which are significantly higher than its peers. For instance, K P R Mill Ltd has a PE Ratio of 41.06, while Trident shows a PE of 32.27, suggesting that Salona Cotspin's valuation is not justified by its earnings relative to these competitors.<BR><BR>In terms of performance, Salona Cotspin's recent stock returns have been underwhelming compared to the Sensex, with a year-to-date decline of 1.90% against the Sensex's gain of 9.90%. This underperformance, combined with its high valuation ratios, reinforces the conclusion that Salona Cotspin is overvalued in the current market context.

Are Salona Cotspin Ltd. latest results good or bad?

Salona Cotspin Ltd.'s latest results are concerning, showing an 8.95% decline in net sales and a 79.15% drop in net profit, indicating significant operational challenges and margin erosion. The company's financial health is under strain, necessitating a recovery in demand to restore investor confidence.

Salona Cotspin Ltd.'s latest results indicate a challenging performance. The company experienced a significant decline in net sales, which fell by 8.95% sequentially to ₹155.49 crores. This decline breaks a two-quarter growth streak and raises concerns about demand conditions. Operating margins also compressed to 4.93% from 5.22% in the previous quarter, reflecting pressures on profitability.<BR><BR>Net profit saw a dramatic drop of 79.15% quarter-on-quarter, landing at just ₹0.33 crores. The profit after tax (PAT) margin has collapsed to a mere 0.21%, down from 0.63% in the previous quarter. This indicates severe strain on profitability, compounded by elevated interest costs and a high tax rate anomaly for the quarter.<BR><BR>Overall, the results highlight significant operational challenges, including margin erosion and a high debt burden, which are critical concerns for the company's financial health. The outlook appears cautious, with the need for a recovery in demand and improved financial metrics to restore investor confidence.

Should I buy, sell or hold Salona Cotspin Ltd.?

Why is Salona Cotspin Ltd. falling/rising?

As of 20-May, Salona Cotspin Ltd. is facing a stock price decline to 275.85, down 2.28%, due to underperformance against its sector, a significant drop in investor participation, and a dramatic 99.9% fall in profits, overshadowing its positive management efficiency and historical valuation.

As of 20-May, Salona Cotspin Ltd. is experiencing a decline in its stock price, currently at 275.85, which reflects a change of -6.45 or -2.28%. This drop can be attributed to several factors highlighted in the provided data. <BR><BR>Firstly, the stock has underperformed its sector by 2.12% today, indicating that it is not keeping pace with its peers. Additionally, there has been a significant decrease in investor participation, with delivery volume on 19 May falling by 68.2% compared to the 5-day average. This decline in trading activity suggests a lack of interest from investors, which can contribute to downward pressure on the stock price.<BR><BR>While the stock has shown some resilience over longer periods, such as a year-to-date return of 5.55% and a one-year return of 8.80%, it is important to note that its profits have dramatically fallen by 99.9% over the same period. This stark contrast between stock performance and profit decline raises concerns about the company's financial health, further influencing investor sentiment negatively.<BR><BR>Moreover, although the stock is trading at a discount compared to its peers' average historical valuations and has high management efficiency with a return on capital employed (ROCE) of 19.09%, these positive factors are currently overshadowed by the recent performance metrics and falling investor engagement. Thus, the combination of underperformance against the sector, reduced trading volume, and significant profit decline are key reasons for the stock's current downward trend.

Which are the latest news on Salona Cotspin?