Salona Cotspin

Market Cap: Micro Cap
Industry: Garments & Apparels
ISIN: INE498E01010
NSEID: SALONA
BSEID: 590056

INR

275.35

0.6 (0.22%)

BSENSE

Dec 05

BSE+NSE Vol: 999

{
  "main_header": {
    "sid": 536762,
    "name": "Salona Cotspin",
    "stock_name": "Salona Cotspin",
    "full_name": "Salona Cotspin Ltd.",
    "name_url": "stocks-analysis/salona-cotspin",
    "exchange": 1,
    "exchangecode": "",
    "country_id": 34,
    "currency": "INR",
    "cmp": "275.35",
    "chg": 0.6,
    "chgp": "0.22%",
    "dir": 1,
    "prev_price": "274.75",
    "mcapval": "147.00 Cr",
    "mcap": "Micro Cap",
    "scripcode": 590056,
    "symbol": "SALONA",
    "ind_name": "Garments & Apparels",
    "ind_code": 32,
    "indexname": "",
    "isin": "INE498E01010",
    "curr_date": "Dec 05",
    "curr_time": "",
    "bse_nse_vol": "999 ",
    "exc_status": "Active",
    "traded_date": "Dec 05, 2025",
    "traded_date_str": "2025 12 05",
    "score": "",
    "scoreText": "",
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    "market_time": 0,
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  "news": {
    "results": [
      {
        "title": "Salona Cotspin’s Evaluation Revised Amid Mixed Financial and Market Signals",
        "link": "https://www.marketsmojo.com/news/stock-recommendation/salona-cotspin-upgraded-from-sell-to-hold-by-marketsmojo-on-10-nov-2025-3748378",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/12/SalonaCotspin_mojoScore_3748378.png",
        "date": "2025-12-05 10:10:08",
        "description": "Salona Cotspin has experienced a revision in its market evaluation, reflecting a nuanced shift in its financial and technical outlook. This change comes amid a backdrop of steady sales growth, high management efficiency, and valuation metrics that suggest potential interest despite recent profit pressures and market underperformance."
      },
      {
        "title": "Why is Salona Cotspin falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-salona-cotspin-fallingrising-3744975",
        "imagepath": "",
        "date": "2025-12-04 00:47:44",
        "description": "    <div class=\"article-news-new\">\n        <div class=\"article-container\">\n\n<div class=\"article-content\">\n\n<p><strong>Short-Term Gains Amidst Broader Challenges</strong></p>\n<p>Salona Cotspin’s recent price appreciation contrasts with its year-to-date and one-year returns, which remain negative at -1.90% and -5.81% respectively. This is in stark contrast to the Sensex benchmark, which has delivered gains of 9.90% year-to-date and 6.25% over the past year. The stock’s five-year performance, however, remains impressive with a cumulative gain of 326.56%, significantly outperforming the Sensex’s 97.85% over the same period. This suggests that while the company has demonstrated strong long-term growth, recent market conditions have posed headwinds.</p>\n<p>In the past week, Salona Cotspin has outperformed the Sensex, registering a gain of 0.63% compared to the benchmark’s decline of 0.84%. This short-term resilie..."
      },
      {
        "title": "Salona Cotspin Q2 FY26: Modest Recovery Masks Persistent Margin Pressures",
        "link": "https://www.marketsmojo.com/news/result-analysis/salona-cotspin-q2-fy26-modest-recovery-masks-persistent-margin-pressures-3719316",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/SalonaCotspin_quaterlyResult_3719316.png",
        "date": "2025-11-18 17:02:22",
        "description": "Salona Cotspin Ltd., an Erode-based manufacturer and exporter of cotton yarn and knitted fabrics, reported a net profit of ₹1.07 crores for Q2 FY26, representing a sharp decline of 30.07% quarter-on-quarter (QoQ) and a dramatic 51.14% drop year-on-year (YoY). Despite sequential revenue growth of 8.70% to ₹170.77 crores, the micro-cap textile company continues to grapple with compressed margins and elevated interest costs that have eroded profitability significantly over the past year."
      },
      {
        "title": "How has been the historical performance of Salona Cotspin?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-salona-cotspin-3708852",
        "imagepath": "",
        "date": "2025-11-17 23:08:36",
        "description": "Answer:\nThe historical performance of Salona Cotspin shows a fluctuating trend in key financial metrics over the years.\n\nBreakdown:\nSalona 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 decli..."
      },
      {
        "title": "How has been the historical performance of Salona Cotspin?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-salona-cotspin-3703421",
        "imagepath": "",
        "date": "2025-11-14 23:59:02",
        "description": "Answer:\nThe historical performance of Salona Cotspin shows a fluctuating trend in key financial metrics over the years.\n\nBreakdown:\nSalona Cotspin's net sales peaked at 722.26 Cr in March 2024 but declined to 662.16 Cr by March 2025, following a significant increase from 486.91 Cr in March 2023. The total operating income mirrored this trend, with a decrease 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) decreased slightly from 30.48 Cr in March 2024 to 32.12 Cr in March 2025, while profit before tax fell from 8.40 Cr to 5.54 Cr in the same period. Consequently, profit after tax also declined from 6.13 Cr to 3.13 Cr. The company's total assets decreased from 363.55 Cr in March 2024 to 354.50 Cr in March 2025, with total liabilities also declining from 36..."
      },
      {
        "title": "How has been the historical performance of Salona Cotspin?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/how-has-been-the-historical-performance-of-salona-cotspin-3694049",
        "imagepath": "",
        "date": "2025-11-12 23:18:30",
        "description": "Answer:\nThe historical performance of Salona Cotspin shows a fluctuating trend in key financial metrics over the years.\n\nBreakdown:\nSalona Cotspin's net sales peaked at 722.26 Cr in Mar'24 but declined to 662.16 Cr in Mar'25, following a significant increase from 486.91 Cr in Mar'23. The total operating income mirrored this trend, reaching 722.26 Cr in Mar'24 and then decreasing to 662.16 Cr in Mar'25. The company's total expenditure, excluding depreciation, was 630.19 Cr in Mar'25, down from 692.03 Cr in Mar'24. Operating profit, measured as PBDIT, was 32.12 Cr in Mar'25, slightly up from 30.48 Cr in Mar'24, while profit before tax fell to 5.54 Cr in Mar'25 from 8.40 Cr in Mar'24. Profit after tax also decreased to 3.13 Cr in Mar'25 from 6.13 Cr in Mar'24. The company's total assets were reported at 354.50 Cr in Mar'25, down from 363.55 Cr in Mar'24, while total liabilities decreased to 354.50 Cr in Mar'25..."
      },
      {
        "title": "Salona Cotspin Ltd. Forms Golden Cross, Signaling Bullish Breakout Ahead",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/salona-cotspin-ltd-forms-golden-cross-signaling-bullish-breakout-ahead-3686215",
        "imagepath": "https://i.marketsmojo.com/newsimg/2025/11/SalonaCotspin_goldencross_3686215.png",
        "date": "2025-11-10 18:25:22",
        "description": "Salona Cotspin Ltd., a microcap in the Garments & Apparels sector, has recently achieved a Golden Cross, indicating a potential bullish shift. The stock has shown a 2.34% daily increase, outperforming the Sensex, while its long-term performance over the past decade remains notably strong."
      },
      {
        "title": "Why is Salona Cotspin falling/rising?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/why-is-salona-cotspin-fallingrising-3680944",
        "imagepath": "",
        "date": "2025-11-07 23:01:19",
        "description": "As of 07-Nov, Salona Cotspin Ltd. is experiencing a price increase, with its current price at Rs 268.60, reflecting a rise of Rs 7.55 or 2.89%. The stock has shown a positive trend recently, gaining for the last three days and achieving a total return of 6.48% during this period. Additionally, it outperformed its sector by 2.24% today and opened with a gain of 2.89%. However, it is important to note that the stock has seen a decline of 7.38% over the past week and a year-to-date decrease of 2.96%. The stock's trading activity has been erratic, with a significant drop in delivery volume of 56.8% compared to the five-day average, indicating falling investor participation.\n\nIn the broader market context, Salona Cotspin's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.86% over the past week, while the stock has outperformed it. Over the past month, Salona Cotspin ha..."
      },
      {
        "title": "Is Salona Cotspin overvalued or undervalued?",
        "link": "https://www.marketsmojo.com/news/stocks-in-action/is-salona-cotspin-overvalued-or-undervalued-3677983",
        "imagepath": "",
        "date": "2025-11-07 08:10:39",
        "description": "As of 6 November 2025, Salona Cotspin's valuation grade has moved from very attractive to attractive, indicating a shift in its perceived investment quality. The company is currently considered overvalued, primarily due to its high PE ratio of 57.72 and a Price to Book Value of 1.66, which significantly exceeds the industry averages. Additionally, the EV to EBITDA ratio stands at 11.27, further suggesting that the stock may be priced too high relative to its earnings potential.\n\nIn comparison to its peers, K P R Mill Ltd is deemed very expensive with a PE of 43.81, while Trident is rated fair with a PE of 32.8. Notably, Vardhman Textile, which is also attractive, has a much lower PE of 14.68, highlighting the disparity in valuations within the sector. Despite a strong historical performance over the past decade with a return of 740.74%, recent trends show that Salona Cotspin has underperformed relative to t..."
      }
    ],
    "total": 91,
    "sid": "536762",
    "stock_news_url": "https://www.marketsmojo.com/news/salona-cotspin-536762"
  },
  "announcements": [
    {
      "details": " <table><tr><td>Salona Cotspin Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 12, 2019. Further, the company has informed the Exchange regarding voting results. </td></tr></table>",
      "source": "NSE",
      "caption": "Shareholders meeting",
      "datetime": "13-Sep-2019"
    },
    {
      "details": " <table><tr><td>Salona Cotspin Limited has informed the Exchange that the Register of Members and Share Transfer Books of the Company shall remain closed from September 6, 2019 to September 12, 2019 ( both days inclusive) for the purpose of Annual General Meeting?? </td></tr></table>",
      "source": "NSE",
      "caption": "Book Closure",
      "datetime": "16-Aug-2019"
    },
    {
      "details": " <table><tr><td>Salona Cotspin Limited has submitted to the Exchange, the financial results for the period ended June 30, 2019. </td></tr></table>",
      "source": "NSE",
      "caption": "Financial Result Updates",
      "datetime": "13-Aug-2019"
    }
  ],
  "corporate_actions": [
    {
      "img": "board-meeting.svg",
      "title": "BOARD MEETING",
      "msg": "<span>No</span> Upcoming Board Meetings",
      "data": []
    },
    {
      "img": "dividend.svg",
      "title": "DIVIDEND",
      "msg": "",
      "data": [
        {
          "txt": "Salona Cotspin Ltd. has declared <strong>10%</strong> dividend, ex-date: 12 Sep 25",
          "dt": "2025-09-12",
          "middle_text": "Dividend Alert"
        }
      ]
    },
    {
      "img": "splits.svg",
      "title": "SPLITS",
      "msg": "No <strong>Splits</strong> history available",
      "data": []
    },
    {
      "img": "bonus.svg",
      "title": "BONUS",
      "msg": "No <strong>Bonus</strong> history available",
      "data": []
    },
    {
      "img": "rights-issues.svg",
      "title": "RIGHTS",
      "msg": "No <strong>Rights</strong> history available",
      "data": []
    }
  ]
}

News and Views

Salona Cotspin’s Evaluation Revised Amid Mixed Financial and Market Signals

2025-12-05 10:10:08

Salona Cotspin has experienced a revision in its market evaluation, reflecting a nuanced shift in its financial and technical outlook. This change comes amid a backdrop of steady sales growth, high management efficiency, and valuation metrics that suggest potential interest despite recent profit pressures and market underperformance.

Why is Salona Cotspin falling/rising?

2025-12-04 00:47:44

Short-Term Gains Amidst Broader Challenges

Salona Cotspin’s recent price appreciation contrasts with its year-to-date and one-year returns, which remain negative at -1.90% and -5.81% respectively. This is in stark contrast to the Sensex benchmark, which has delivered gains of 9.90% year-to-date and 6.25% over the past year. The stock’s five-year performance, however, remains impressive with a cumulative gain of 326.56%, significantly outperforming the Sensex’s 97.85% over the same period. This suggests that while the company has demonstrated strong long-term growth, recent market conditions have posed headwinds.

In the past week, Salona Cotspin has outperformed the Sensex, registering a gain of 0.63% compared to the benchmark’s decline of 0.84%. This short-term resilie...

Salona Cotspin Q2 FY26: Modest Recovery Masks Persistent Margin Pressures

2025-11-18 17:02:22

Salona Cotspin Ltd., an Erode-based manufacturer and exporter of cotton yarn and knitted fabrics, reported a net profit of ₹1.07 crores for Q2 FY26, representing a sharp decline of 30.07% quarter-on-quarter (QoQ) and a dramatic 51.14% drop year-on-year (YoY). Despite sequential revenue growth of 8.70% to ₹170.77 crores, the micro-cap textile company continues to grapple with compressed margins and elevated interest costs that have eroded profitability significantly over the past year.

How has been the historical performance of Salona Cotspin?

2025-11-17 23:08:36

Answer: The historical performance of Salona Cotspin shows a fluctuating trend in key financial metrics over the years. Breakdown: 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 decli...

How has been the historical performance of Salona Cotspin?

2025-11-14 23:59:02

Answer: The historical performance of Salona Cotspin shows a fluctuating trend in key financial metrics over the years. Breakdown: Salona Cotspin's net sales peaked at 722.26 Cr in March 2024 but declined to 662.16 Cr by March 2025, following a significant increase from 486.91 Cr in March 2023. The total operating income mirrored this trend, with a decrease 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) decreased slightly from 30.48 Cr in March 2024 to 32.12 Cr in March 2025, while profit before tax fell from 8.40 Cr to 5.54 Cr in the same period. Consequently, profit after tax also declined from 6.13 Cr to 3.13 Cr. The company's total assets decreased from 363.55 Cr in March 2024 to 354.50 Cr in March 2025, with total liabilities also declining from 36...

How has been the historical performance of Salona Cotspin?

2025-11-12 23:18:30

Answer: The historical performance of Salona Cotspin shows a fluctuating trend in key financial metrics over the years. Breakdown: Salona Cotspin's net sales peaked at 722.26 Cr in Mar'24 but declined to 662.16 Cr in Mar'25, following a significant increase from 486.91 Cr in Mar'23. The total operating income mirrored this trend, reaching 722.26 Cr in Mar'24 and then decreasing to 662.16 Cr in Mar'25. The company's total expenditure, excluding depreciation, was 630.19 Cr in Mar'25, down from 692.03 Cr in Mar'24. Operating profit, measured as PBDIT, was 32.12 Cr in Mar'25, slightly up from 30.48 Cr in Mar'24, while profit before tax fell to 5.54 Cr in Mar'25 from 8.40 Cr in Mar'24. Profit after tax also decreased to 3.13 Cr in Mar'25 from 6.13 Cr in Mar'24. The company's total assets were reported at 354.50 Cr in Mar'25, down from 363.55 Cr in Mar'24, while total liabilities decreased to 354.50 Cr in Mar'25...

Salona Cotspin Ltd. Forms Golden Cross, Signaling Bullish Breakout Ahead

2025-11-10 18:25:22

Salona Cotspin Ltd., a microcap in the Garments & Apparels sector, has recently achieved a Golden Cross, indicating a potential bullish shift. The stock has shown a 2.34% daily increase, outperforming the Sensex, while its long-term performance over the past decade remains notably strong.

Why is Salona Cotspin falling/rising?

2025-11-07 23:01:19

As of 07-Nov, Salona Cotspin Ltd. is experiencing a price increase, with its current price at Rs 268.60, reflecting a rise of Rs 7.55 or 2.89%. The stock has shown a positive trend recently, gaining for the last three days and achieving a total return of 6.48% during this period. Additionally, it outperformed its sector by 2.24% today and opened with a gain of 2.89%. However, it is important to note that the stock has seen a decline of 7.38% over the past week and a year-to-date decrease of 2.96%. The stock's trading activity has been erratic, with a significant drop in delivery volume of 56.8% compared to the five-day average, indicating falling investor participation. In the broader market context, Salona Cotspin's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.86% over the past week, while the stock has outperformed it. Over the past month, Salona Cotspin ha...

Is Salona Cotspin overvalued or undervalued?

2025-11-07 08:10:39

As of 6 November 2025, Salona Cotspin's valuation grade has moved from very attractive to attractive, indicating a shift in its perceived investment quality. The company is currently considered overvalued, primarily due to its high PE ratio of 57.72 and a Price to Book Value of 1.66, which significantly exceeds the industry averages. Additionally, the EV to EBITDA ratio stands at 11.27, further suggesting that the stock may be priced too high relative to its earnings potential. In comparison to its peers, K P R Mill Ltd is deemed very expensive with a PE of 43.81, while Trident is rated fair with a PE of 32.8. Notably, Vardhman Textile, which is also attractive, has a much lower PE of 14.68, highlighting the disparity in valuations within the sector. Despite a strong historical performance over the past decade with a return of 740.74%, recent trends show that Salona Cotspin has underperformed relative to t...

View All News

Announcement

Shareholders meeting

13-Sep-2019 | Source : NSE

Salona Cotspin Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 12, 2019. Further, the company has informed the Exchange regarding voting results.

Book Closure

16-Aug-2019 | Source : NSE

Salona Cotspin Limited has informed the Exchange that the Register of Members and Share Transfer Books of the Company shall remain closed from September 6, 2019 to September 12, 2019 ( both days inclusive) for the purpose of Annual General Meeting??