Salona Cotspin

Why is Salona Cotspin Ltd. falling/rising?

As of 09-Jul, Salona Cotspin Ltd. is seeing its stock price rise to 258.70, up 3.38%, driven by strong performance, increased investor interest, and a significant gap up at opening. The stock has outperformed its sector and shows potential for further gains despite being lower than longer-term moving averages.

As of 09-Jul, Salona Cotspin Ltd. is experiencing a rise in its stock price, currently at 258.70, which reflects an increase of 8.45 or 3.38%. This upward movement can be attributed to several factors. Firstly, the stock has outperformed its sector by 2.43% today and has been on a consecutive gain streak for the last two days, accumulating a total return of 4% during this period. Additionally, the stock opened with a significant gap up of 7.09%, reaching an intraday high of Rs 268.<BR><BR>Investor participation has also increased, as evidenced by a delivery volume of 305 on 08 Jul, which is up by 60.19% compared to the 5-day average delivery volume. This suggests a growing interest in the stock among investors. Furthermore, while the stock's moving averages indicate that it is higher than the 5-day moving average, it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages, indicating potential for further upward movement.<BR><BR>Overall, the combination of strong performance today, increased investor participation, and a positive market response contributes to the rising stock price of Salona Cotspin Ltd.

Which are the latest news on Salona Cotspin?

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

How big is Salona Cotspin?

As of 10th June, Salona Cotspin Ltd. has a market capitalization of 142.00 Cr, with recent net sales of 593.82 Cr and a net profit of 1.56 Cr. The latest balance sheet shows shareholder's funds of 82.58 Cr and total assets of 354.50 Cr.

As of 10th June, Salona Cotspin Ltd. has a market capitalization of 142.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Salona Cotspin reported Net Sales of 593.82 Cr and a Net Profit of 1.56 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds of 82.58 Cr and Total Assets of 354.50 Cr.

Who are in the management team of Salona Cotspin?

The management team of Salona Cotspin includes Shyamlal Agarwala (Chairman & Managing Director), Manoj Kumar Jhajharia (Joint Managing Director), Dhiresh Jayasi, Meenakumari Shanmugam, and Hari Desikan Ganesh (Independent Directors), Arun Kumar Jhajharia (Director), and Sajith K B (Company Secretary & Compliance Officer).

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>If you need more details about any specific member or their roles, feel free to ask!

Who are the peers of the Salona Cotspin?

Salona Cotspin's peers include Shri Techtex, Avi Ansh, Lagnam Spintex, Praxis Home, Bhandari Hosiery, Lorenzini Appar., Swadeshi Polytex, and Binayaka Tex Pr. In terms of management risk, Salona Cotspin has an average rating, with its 1-year return at 3.19%, lower than Avi Ansh's 1.18% but higher than Bhandari Hosiery's -47.56%.

Peers: The peers of Salona Cotspin are Shri Techtex, Avi Ansh, Lagnam Spintex, Praxis Home, Bhandari Hosiery, Lorenzini Appar., Swadeshi Polytex, and Binayaka Tex Pr.<BR><BR>Quality Snapshot: Excellent management risk is observed at Shri Techtex and Lorenzini Appar., while Good management risk is found at Swadeshi Polytex. Average management risk is present at Salona Cotspin and Lagnam Spintex, while Below Average management risk is noted at Avi Ansh, Praxis Home, Bhandari Hosiery, and Binayaka Tex Pr. Growth is Good at Avi Ansh, Average at Lagnam Spintex and Swadeshi Polytex, and Below Average at Shri Techtex, Salona Cotspin, Praxis Home, Bhandari Hosiery, Lorenzini Appar., and Binayaka Tex Pr. Capital Structure is Excellent at Shri Techtex and Swadeshi Polytex, Good at Lorenzini Appar., and Below Average at Salona Cotspin, Lagnam Spintex, Avi Ansh, Praxis Home, Bhandari Hosiery, and Binayaka Tex Pr.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Avi Ansh at 1.18%, while the lowest is Bhandari Hosiery at -47.56%. Salona Cotspin's own 1-year return is 3.19%, which is higher than Avi Ansh's but significantly lower than the best-performing peer. Additionally, the six-month return is negative for Praxis Home, Bhandari Hosiery, Lorenzini Appar., and Lagnam Spintex.

What does Salona Cotspin do?

Salona Cotspin Ltd. is a manufacturer and exporter of cotton yarn and knitted fabrics, incorporated in 1994, with a market cap of INR 142 Cr. As of March 2026, it reported net sales of 110 Cr and a net profit of -1 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 segment.<BR><BR>History:<BR>Incorporated in 1994, Salona Cotspin Ltd. has maintained its focus on the cotton textile segment, specifically in the spinning of yarn and knitted fabrics. The latest quarterly results reported net sales and profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 110 Cr (Quarterly Results - Mar 2026) <BR>Net Profit: -1 Cr (Quarterly Results - Mar 2026) <BR>Market Cap: INR 142 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 90.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 0.37% <BR>Debt-Equity: 2.24 <BR>Return on Equity: 1.86% <BR>Price to Book: 1.70 <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

Are Salona Cotspin Ltd. latest results good or bad?

Salona Cotspin Ltd.'s latest results are considered bad, reporting a net loss of ₹1.37 crores in Q4 FY26 and a significant decline in net sales by 28.96% quarter-on-quarter. Despite improved operating margins, ongoing losses and declining sales raise concerns about the company's near-term recovery.

Salona Cotspin Ltd.'s latest results indicate a challenging financial situation. In Q4 FY26, the company reported a net loss of ₹1.37 crores, which represents a significant decline of 515.15% compared to the previous quarter's profit. This loss is accompanied by a substantial drop in net sales, which fell by 28.96% quarter-on-quarter and 25.26% year-on-year, marking the lowest sales figure in the past eight quarters at ₹110.46 crores.<BR><BR>While the operating margin improved to 7.32%, the overall financial performance reflects persistent operational challenges, including high interest costs and an extraordinary tax charge that negatively impacted profitability. The company has also faced a decline in annual net sales, down 10.30% from the previous fiscal year.<BR><BR>Despite these setbacks, Salona Cotspin has outperformed the broader textile sector in terms of stock performance over the past year, delivering a 16.28% return compared to the sector's negative returns. However, the ongoing negative trend in profitability raises concerns about the company's near-term recovery.<BR><BR>In summary, while there are some positive indicators like improved operating margins, the overall results are considered bad due to the significant losses and declining sales. Investors should proceed with caution and closely monitor future performance.

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.

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.

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.

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.

When is the next results date for Salona Cotspin?

No Upcoming Board Meetings

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.