Spice IslandsInd

Why is Spice Islands Industries Ltd falling/rising?

As of 01-Sep, Spice Islands Industries Ltd's stock price has declined to Rs. 102.40, reflecting a -2.98% change after reaching a 52-week high of Rs. 110 earlier in the day. Despite impressive long-term growth, the recent drop suggests a potential short-term correction influenced by broader market conditions.

As of 01-Sep, Spice Islands Industries Ltd is experiencing a decline in its stock price, currently at Rs. 102.40, which reflects a change of -3.15 (-2.98%). This drop follows a trend reversal after two consecutive days of gains, indicating a potential short-term correction. Despite reaching a new 52-week high of Rs. 110 earlier in the day, the stock underperformed its sector by 3.1%, suggesting that broader market conditions may be impacting its performance.<BR><BR>The stock's intraday movements showed a high of Rs. 110 and a low of Rs. 101.65, with trading volume weighted towards the lower price, indicating that more shares were traded closer to the day's low. Furthermore, while the stock has demonstrated impressive long-term growth, with a year-to-date increase of 170.73% and a staggering 584.31% return over the past year, the recent performance reflects a temporary setback.<BR><BR>Investor participation has increased significantly, with delivery volume rising by 562.51% against the 5-day average, which may indicate ongoing interest in the stock despite the current decline. However, the stock's performance today, combined with the recent trend reversal and underperformance against the sector, contributes to the observed decrease in price.

Who are in the management team of Spice IslandsInd?

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 (Whole-Time Director & Additional Director).

The management team of Spice IslandsInd includes the following individuals:<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** - Whole-Time Director & Additional Director<BR><BR>If you need more details about their roles or the company, feel free to ask!

What does Spice IslandsInd do?

Spice Islands Industries Ltd trades in branded packaged beverages, offers hospitality services, and rents electric two-wheelers, operating as a micro-cap company in the Gems, Jewellery and Watches industry. As of June 2026, it reported net sales of 18 Cr and a net profit of 1 Cr, with a market cap of INR 330 Cr.

Overview: <BR>Spice Islands Industries Ltd is primarily engaged in trading branded packaged beverages, hospitality services, and renting electric two-wheelers, operating within the Gems, Jewellery and Watches industry as a micro-cap company.<BR><BR>History: <BR>Spice Islands Industries Ltd was incorporated on 28 December 1988 as a private limited company and was converted into a public limited company on October 6, 1994. The latest quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot: <BR>Net Sales: 18 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 1 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 330 Cr (Micro Cap) <BR><BR>Key Metrics: <BR>P/E: 49.00 <BR>Industry P/E: 28 <BR>Dividend Yield: 0.22% <BR>Debt-Equity: -0.27 <BR>Return on Equity: 48.00% <BR>Price to Book: 22.52 <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

Who are the peers of the Spice IslandsInd?

Peers of Spice IslandsInd include T B Z, Khazanchi Jewell, Motisons Jewel, Shanti Gold, Renaiss. Global, Asian Star Co., and Utssav CZ Gold. Spice IslandsInd has the highest 1-year return at 638.73%, while Motisons Jewel has the lowest at -14.88%.

Peers: The peers of Spice IslandsInd are T B Z, Khazanchi Jewell, Motisons Jewel, Shanti Gold, Renaiss. Global, Asian Star Co., and Utssav CZ Gold.<BR><BR>Quality Snapshot: Excellent management risk is observed at Khazanchi Jewell and Utssav CZ Gold, while Average management risk is found at T B Z, Motisons Jewel, Shanti Gold, Asian Star Co., and Spice IslandsInd. Growth is Excellent at Khazanchi Jewell and Utssav CZ Gold, Good at Spice IslandsInd and T B Z, while Below Average growth is noted for Motisons Jewel, Renaiss. Global, and Asian Star Co., and the rest have Below Average growth. Capital Structure is Excellent at Khazanchi Jewell and Motisons Jewel, Good at Asian Star Co., Average at Spice IslandsInd and Renaiss. Global, and Below Average at Shanti Gold.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Spice IslandsInd at 638.73%, while the lowest is Motisons Jewel at -14.88%. Spice IslandsInd's return is significantly higher than all peers. Additionally, Utssav CZ Gold has a six-month return of 0.00%, indicating no growth during that period.

Which are the latest news on Spice IslandsInd?

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

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

The next results date for Spice Islands Industries Ltd is 19 August 2026.

The next results date for Spice Islands Industries Ltd is scheduled for 19 August 2026.

How big is Spice IslandsInd?

Summary could not be generated.

As of 14th August, Spice Islands Industries Ltd has a market capitalization of 307.00 Cr, which categorizes it as a Micro Cap company.<BR><BR>For the latest four 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 data for Shareholder's Funds and Total Assets is unavailable.

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.

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.

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.

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.

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.