Spice IslandsInd

Who are in the management team of Spice IslandsInd?

As of March 2023, the management team of Spice IslandsInd includes Umesh Katre (Chairman & Non-Executive Director), Nilesh Shevade (Independent Director), Shikha Sethia Bhura (Additional Director), Shivanand R Hemmady (Additional Director), and Sandeep Jamnadas Merchant (WTD & Additional Director). Umesh Katre is the only member with a specified remuneration of Rs. 22.57 lacs.

As of March 2023, the management team of Spice IslandsInd includes:<BR><BR>1. Umesh Katre - Chairman & Non Executive Director<BR>2. Nilesh Shevade - Independent Director<BR>3. Shikha Sethia Bhura - Additional Director<BR>4. Shivanand R Hemmady - Additional Director<BR>5. Sandeep Jamnadas Merchant - WTD & Additional Director<BR><BR>Umesh Katre is the only member with a specified remuneration of Rs. 22.57 lacs, while the other directors do not have any remuneration listed.

What does Spice IslandsInd do?

Spice Islands Industries Ltd manufactures and sells knitted and woven garments in the Gems, Jewellery and Watches industry. As of March 2025, it reported net sales of 0 Cr and a net profit of 2 Cr, with a market cap of Rs 21 Cr.

Overview: <BR>Spice Islands Industries Ltd is engaged in the manufacturing and selling of knitted and woven garments, operating within the Gems, Jewellery And Watches industry and classified as a Micro Cap company.<BR><BR>History: <BR>The company was incorporated on 28 December 1988 and was converted into a public limited company on 6 October 1994. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 0 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 2 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 21 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 20.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -1.35 <BR>Return on Equity: -41.03% <BR>Price to Book: -16.79<BR><BR>Contact Details: <BR>Address: Unit 43-48 Bhandup Indl Estate, L B S Marg Bhandup(W) Mumbai Maharashtra : 400078 <BR>Tel: 91-22-25968069/65078883 <BR>Email: sales@spiceislandsindia.com <BR>Website: http://www.spiceislandsindia.com

Has Spice IslandsInd declared dividend?

Yes, Spice Islands Industries Ltd has declared a 7% dividend, amounting to 0.8000 per share, with an ex-date of September 15, 2016. However, there has been no dividend return in recent periods, as indicated by a consistent 0% yield, despite significant total returns over longer time frames.

Yes, Spice Islands Industries Ltd has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 7%<BR>- Amount per share: 0.8000<BR>- Ex-date: 15 Sep 16<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>Over the 6-month period, the price return was -9.44%, the dividend return was 0%, resulting in a total return of -9.44%.<BR><BR>In the 1-year period, the price return was -7.61%, the dividend return was 0%, leading to a total return of -7.61%.<BR><BR>For the 2-year period, the price return was 105.83%, the dividend return was 0%, which resulted in a total return of 105.83%.<BR><BR>During the 3-year period, the price return was 298.26%, the dividend return was 0%, culminating in a total return of 298.26%.<BR><BR>In the 4-year period, the price return was 805.21%, the dividend return was 0%, resulting in a total return of 805.21%.<BR><BR>Over the 5-year period, the price return was 353.08%, the dividend return was 0%, leading to a total return of 353.08%.<BR><BR>Overall, while Spice Islands Industries Ltd has declared a dividend, it has not provided any dividends in recent periods, as indicated by the consistent 0% dividend return across all time frames. The total returns show significant growth over longer periods, particularly in the 2-year to 5-year spans, despite the lack of dividends.

Is Spice IslandsInd overvalued or undervalued?

As of June 11, 2024, Spice IslandsInd is rated as risky and appears overvalued with a PE ratio of 19.78 and negative EV to EBITDA, while its recent stock performance has declined by 4.33%, contrasting with a 1.39% gain in the Sensex.

As of 11 June 2024, the valuation grade for Spice IslandsInd has moved from does not qualify to risky. Based on the analysis, the company appears to be overvalued. The PE ratio stands at 19.78, while the EV to EBITDA is at -21.36, indicating significant concerns regarding profitability. Additionally, the PEG ratio is notably low at 0.36, which typically suggests undervaluation, but in this context, it reflects the company's financial instability.<BR><BR>When compared to peers, Spice IslandsInd's valuation metrics are concerning. For instance, K P R Mill Ltd, categorized as very expensive, has a PE ratio of 47.51, while Trident, which is considered fair, has a PE of 42.6. This stark contrast highlights that Spice IslandsInd is not only struggling with negative financial ratios but is also lagging behind its competitors in terms of valuation. Furthermore, the company's recent stock performance shows a decline of 4.33% over the past week, contrasting with a 1.39% gain in the Sensex, which reinforces the notion of overvaluation amidst a broader market context.

What is the technical trend for Spice IslandsInd?

As of June 6, 2025, Spice IslandsInd's trend has shifted to sideways with mixed signals: while the weekly MACD is bullish and Bollinger Bands indicate potential upward volatility, daily moving averages and other indicators suggest a lack of clear direction.

As of 6 June 2025, the technical trend for Spice IslandsInd has changed from mildly bullish to sideways. The current stance is neutral, with mixed signals across different time frames. The weekly MACD is bullish, while the monthly MACD is mildly bearish, indicating divergence in momentum. The Bollinger Bands are bullish on both weekly and monthly charts, suggesting potential upward volatility. However, daily moving averages are mildly bearish, and both the weekly and monthly KST and Dow Theory indicators are also mildly bearish. The RSI shows no signals in both time frames, reflecting indecision in the market. Overall, the indicators suggest a lack of clear direction, reinforcing the sideways trend.

Who are the peers of the Spice IslandsInd?

Peers of Spice IslandsInd include York Exports, Lypsa Gems, S.M. Gold, Varyaa Creations, and others. York Exports has the highest 1-year return at 78.55%, while Spice IslandsInd's return is -0.62%.

Peers: The peers of Spice IslandsInd are York Exports, Lypsa Gems, S.M. Gold, Varyaa Creations, Sover. Diamonds, Cityman, Gautam Gems, Meyer Apparel, U. H. Zaveri, and Kenrik Indust.<BR><BR>Quality Snapshot: Excellent management risk is observed at Varyaa Creations, while Below Average management risk is found at York Exports, Lypsa Gems, S.M. Gold, Sover. Diamonds, Gautam Gems, U. H. Zaveri, and Kenrik Indust., and the rest. Average growth is noted at Varyaa Creations, while Below Average growth is seen at York Exports, Lypsa Gems, S.M. Gold, Sover. Diamonds, Gautam Gems, and the rest. Good capital structure is present at Varyaa Creations, while Below Average capital structure is found at York Exports, Lypsa Gems, S.M. Gold, Sover. Diamonds, Gautam Gems, U. H. Zaveri, and Kenrik Indust., and the rest.<BR><BR>Return Snapshot: York Exports has the highest 1-year return at 78.55%, while Gautam Gems has the lowest at -43.68%. Spice IslandsInd's 1-year return is -0.62%, which is higher than Gautam Gems but lower than York Exports. Additionally, peers with negative six-month returns include Varyaa Creations, Sover. Diamonds, Cityman, Gautam Gems, and Kenrik Indust.

Who are the top shareholders of the Spice IslandsInd?

The top shareholder of Spice IslandsInd is Fotoset Trading Private Limited, holding 62.5% of the shares. Individual investors own 31.89%, while the highest public shareholder, Mahendra Girdharilal, has 2.69%.

The top shareholders of Spice IslandsInd are primarily the promoters, with Fotoset Trading Private Limited holding the largest share at 62.5%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. The highest public shareholder is Mahendra Girdharilal, who owns 2.69%. Additionally, individual investors collectively hold 31.89% of the shares.

How big is Spice IslandsInd?

As of 24th July, Spice Islands Industries Ltd has a market capitalization of 21.00 Cr, with recent net sales of 17.82 Cr and a net profit of 1.74 Cr; specific values for shareholder's funds and total assets are unavailable.

As of 24th July, Spice Islands Industries Ltd has a market capitalization of 21.00 Cr, categorizing it as a Micro Cap company.<BR><BR>For the latest 4 quarters, the company reported Net Sales of 17.82 Cr and a Net Profit of 1.74 Cr.<BR><BR>The reporting period for the balance sheet is the latest annual period, but specific values for Shareholder's Funds and Total Assets are not available.

How has been the historical performance of Spice IslandsInd?

Spice IslandsInd exhibited consistent growth from 2008 to 2010, with net sales increasing from 13.37 Cr to 20.39 Cr, and profit before tax rising from 1.66 Cr to 3.94 Cr. Key financial metrics, including operating profit and cash flow, also showed significant improvement during this period.

Answer:<BR>The historical performance of Spice IslandsInd shows a consistent growth trend in net sales and profitability over the years from 2008 to 2010.<BR><BR>Breakdown:<BR>Spice IslandsInd's net sales increased from 13.37 Cr in March 2008 to 20.39 Cr in March 2010, reflecting a strong upward trajectory. The total operating income mirrored this growth, rising from 13.37 Cr in March 2008 to 20.39 Cr in March 2010. The company faced rising raw material costs, which grew from 3.78 Cr in March 2008 to 6.62 Cr in March 2010, but managed to maintain a positive operating profit (PBDIT), which increased from 2.03 Cr in March 2008 to 4.34 Cr in March 2010. Profit before tax also showed significant improvement, climbing from 1.66 Cr in March 2008 to 3.94 Cr in March 2010, while profit after tax rose from 1.86 Cr to 3.33 Cr in the same period. The earnings per share (EPS) reflected this profitability growth, increasing from 4.34 in March 2008 to 7.74 in March 2010. Cash flow from operating activities also improved, reaching 4.04 Cr in March 2010, up from 2.91 Cr in March 2008, indicating a healthy cash position with closing cash and cash equivalents rising from 2.09 Cr in March 2008 to 6.51 Cr in March 2010. Overall, the financial metrics demonstrate a robust performance trajectory for Spice IslandsInd over the analyzed period.

When is the next results date for Spice Islands Industries Ltd?

The next results date for Spice Islands Industries Ltd is 14 February 2026.

The next results date for Spice Islands Industries Ltd is scheduled for 14 February 2026.

Are Spice Islands Industries Ltd latest results good or bad?

The latest results for Spice Islands Industries Ltd are concerning, showing a 75.23% decline in net profit and a 34.98% drop in revenue year-on-year, alongside significant operational challenges reflected in a reduced operating margin and negative return on capital employed. Overall, these metrics indicate a deteriorating financial health and operational inefficiencies, characterizing the results as bad.

The latest results for Spice Islands Industries Ltd are concerning and indicate a significant decline in performance. In Q3 FY26, the company reported a net profit of ₹0.27 crore, which is a staggering 75.23% decrease year-on-year. Revenue also fell sharply to ₹4.61 crore, down 34.98% from the previous year. <BR><BR>Moreover, the operating margin has contracted dramatically to 6.70%, down from 20.29% a year ago, reflecting serious operational challenges. The company's return on equity (ROE) is also troubling, averaging just 5.08%, while the return on capital employed (ROCE) is negative, averaging -48.65%. <BR><BR>Despite a substantial increase in stock price over the past year, these financial metrics reveal a stark disconnect between the stock's performance and the underlying business fundamentals. The company is facing significant challenges in its core garment manufacturing business, particularly in export markets, which raises serious questions about its future viability.<BR><BR>Overall, the results can be characterized as bad, with deteriorating financial health and operational inefficiencies that need urgent attention.

Should I buy, sell or hold Spice Islands Industries Ltd?

Why is Spice Islands Industries Ltd falling/rising?

As of 04-Mar, Spice Islands Industries Ltd's stock price is 253.85, down 1.99% after a trend reversal. Despite a strong year-to-date increase of 34.23%, current trading shows a lack of upward momentum, although investor interest has surged significantly.

As of 04-Mar, Spice Islands Industries Ltd is experiencing a decline in its stock price, currently at 253.85, which reflects a decrease of 5.15 or 1.99%. This drop follows a trend reversal after two consecutive days of gains. Additionally, the stock has underperformed its sector by 0.46% today. <BR><BR>Despite the recent decline, the stock has shown strong performance over longer periods, with a year-to-date increase of 34.23% and an impressive 599.31% rise over the past year. However, the current trading conditions indicate that the stock has not moved from its opening price, suggesting a lack of upward momentum. <BR><BR>Investor participation has increased significantly, with delivery volume rising by 7013.24% compared to the 5-day average, indicating heightened interest. Nevertheless, the stock's performance today, combined with its recent trend reversal and underperformance relative to the sector, contributes to the current decline in its price.

Which are the latest news on Spice IslandsInd?