Salona Cotspin

Why is Salona Cotspin Ltd. falling/rising?

As of 31-Aug, Salona Cotspin Ltd. is seeing a stock price increase to 271.95, attributed to strong weekly and monthly performance against a declining benchmark. However, high volatility and reduced investor participation may present future challenges.

As of 31-Aug, Salona Cotspin Ltd. is experiencing a rise in its stock price, currently at 271.95, with a change of 0.95 (0.35%) upwards. This positive movement can be attributed to several factors. Firstly, the stock has shown strong performance over the past week, gaining 4.58%, while the benchmark Sensex has declined by 0.53%. Additionally, over the past month, Salona Cotspin has increased by 7.51%, contrasting with a 1.46% drop in the Sensex.<BR><BR>Today's trading activity has also been notable, as the stock opened with a significant gain of 9.96% and reached an intraday high of Rs 298. Furthermore, Salona Cotspin is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is important to note that there has been high volatility today, with an intraday volatility of 9.05%, and a significant drop in investor participation, as evidenced by an 87.82% decrease in delivery volume on August 28 compared to the 5-day average.<BR><BR>Overall, while the stock is rising, the erratic trading patterns and declining investor participation could pose challenges moving forward.

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 information about their roles or the company, feel free to ask!

What does Salona Cotspin do?

Salona Cotspin Ltd. is a manufacturer and exporter of cotton yarn and knitted fabrics, established in 1994, with a market cap of INR 157 Cr. As of June 2026, it reported net sales of 197 Cr and a net profit of 2 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 June 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 197 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 2 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 157 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 63.00 <BR>Industry P/E: 28 <BR>Dividend Yield: 0.37% <BR>Debt Equity: 2.24 <BR>Return on Equity: 2.73% <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

Who are the peers of the Salona Cotspin?

Salona Cotspin's peers include Swadeshi Polytex, Lambodhara Text., Osiajee Texfab, and others, with varying management risks and growth rates. Salona Cotspin has the highest 1-year return among its peers at 13.91%, while Swadeshi Polytex has the lowest at -45.68%.

Peers: The peers of Salona Cotspin are Swadeshi Polytex, Lambodhara Text., Osiajee Texfab, Binayaka Tex Pr, Avi Ansh, N R Vandana, Lagnam Spintex, and Shri Techtex.<BR><BR>Quality Snapshot: Excellent management risk is observed at Swadeshi Polytex, N R Vandana, and Shri Techtex, while Average management risk is found at Salona Cotspin, Lambodhara Text., Osiajee Texfab, and Lagnam Spintex, and Below Average management risk is noted at Binayaka Tex Pr and Avi Ansh. Growth is Excellent at Osiajee Texfab, Average at Swadeshi Polytex, and Good at N R Vandana, while Below Average growth is seen at Salona Cotspin, Lambodhara Text., Lagnam Spintex, and the rest. Capital Structure is Excellent at Swadeshi Polytex and Shri Techtex, Average at Lambodhara Text., and Below Average at Salona Cotspin, Binayaka Tex Pr, and Avi Ansh.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Salona Cotspin at 13.91%, while the lowest is Swadeshi Polytex at -45.68%. Salona Cotspin's 1-year return is significantly higher than that of Swadeshi Polytex. Additionally, Osiajee Texfab and Swadeshi Polytex have negative six-month returns.

How big is Salona Cotspin?

As of 31st August, Salona Cotspin Ltd. has a market capitalization of 157.00 Cr, with net sales of 633.32 Cr and a net profit of 2.29 Cr over the latest four quarters.

As of 31st August, Salona Cotspin Ltd. has a market capitalization of 157.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Salona Cotspin reported net sales of 633.32 Cr and a net profit of 2.29 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with shareholder's funds amounting to 82.58 Cr and total assets valued at 354.50 Cr.

Which are the latest news on Salona Cotspin?

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

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.