Shine Fashions India Ltd

Shine Fashions India Ltd

BBSE:SHINEFASH
22.30
INR
+2.31
(+11.56%)
510.42MMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
3.53
3.69
5.7
9.41
24.18
35.62
40.75
- -
Basic EPS, GAAP
0.15
0.12
0.18
0.39
1.75
3.05
1.17
- -
Free Cash Flow per Basic Share
- -
-1.2
0.05
-0.54
0.46
0.82
-9.77
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
0.02
- -
Book Value per Share
1.49
2.23
2.41
2.81
4.55
9.7
11.78
11.78
Tangible Book Value per Share
1.47
2.22
2.4
2.8
4.55
9.7
11.78
11.78
Basic Weighted Avg Shares
22
19
22
22
22
23
25
26
Sales/Revenue/Turnover
79
69
128
211
541
816
1,020
- -
Operating Margin (%)
5.27
3.45
3.87
5.98
9.71
11.57
11.99
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
3
2
4
9
39
70
29
- -
Effective Tax Rate (%)
26.02
12.27
25.62
25.58
25.21
25.19
27.32
- -
Profit Margin (%)
4.36
3.34
3.12
4.19
7.22
8.56
2.87
- -
Working Capital
33
49
54
63
103
234
316
316
LT Debt
- -
- -
2
2
2
2
2
2
Total Equity
33
50
54
64
103
235
316
316
Return on Invested Capital (%)
- -
4.4
6.17
12.83
39.77
34.54
8.35
- -
Return on Capital (%)
- -
5.18
7.34
11.46
39.6
34.43
9.68
- -
Return on Common Equity (%)
- -
5.51
7.65
15.12
47.46
41.64
10.66
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
57
80
200
LT Borrowings
2
2
2
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24
25
27
Market Capitalization
1,053
1,218
510

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
583
685
1,140
Cash, Cash Equivalents & STI
130
70
74
Accounts Receivable, Net
266
381
486
Inventories
122
218
286
Total Current Liabilities
349
386
824
Payables & Accruals
- -
- -
- -
ST Debt
57
80
200
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
50%
34.78%
Free Cash Flow
- -
-568.78%
-1,402.48%
Net Income, GAAP
- -
111.68%
-58.01%
Sales/Revenue/Turnover
- -
76.64%
25.02%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
541
2025
- -
- -
816
2026
- -
- -
1,020

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.75
2025
- -
- -
3.05
2026
- -
- -
1.17

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
0.02

Company Description

CEO
Purvi Anil Sanghvi
Full Time Employees
13
Sector
Process industries
Industry
Textiles
Address
912, Runwal R-Square, LBS Road Mumbai MA India 400080
IPO Date
Oct 26, 2020
Business
Shine Fashions (India) Limited engages in manufacturing, processing, importing, exporting, supplying, and trading a diverse range of interlining fabrics and textile raw materials primarily for the apparel and textile industry. The company offers a comprehensive portfolio of products including non-woven interlining fabrics, woven fusible interlinings, microdot fusible interlinings, water-jet interlinings, circular interlinings, cotton fusible interlining, polyester fusible interlining for suits, hair canvas interlining, waistband interlining, traffeta suit interlining, tricot interlining, double tape and web interlining, and water-soluble interlinings for delicate embroidery. Its products serve garment applications such as shirts, trousers, suits, and ethnic wear across menswear and womenswear segments. Founded in 2012 and headquartered in Mumbai, India, Shine Fashions has evolved from primarily a trading firm to a manufacturer with a strategic focus on backward integration and operational expansion. A major recent development includes the company's approval and establishment of its first in-house manufacturing unit for technical textile interlining products, marking a strategic shift towards self-sufficiency and import substitution. This manufacturing facility enhances the company's production capabilities in waterjet interlinings and other technical textile products. Additionally, Shine Fashions has diversified into outer fabrics like Nylon Terry and expanded its product range to include advanced non-texturized and thermobond interlinings. The company is also increasing its pan-India presence and expanding its global footprint to capture export markets beyond India. Shine Fashions targets broad geographic markets including India, Asia, Europe, and international regions, serving a diverse customer base that ranges from garment manufacturers to global apparel brands. The company’s strategic priorities emphasize capacity expansion, technological automation, innovation in product development, and deepening global market penetration. Shine Fashions is listed on the Bombay Stock Exchange and continues to pursue growth through product diversification, manufacturing scale-up, and enhanced export initiatives. Its business segments include manufacturing, trading, and supplying interlining fabrics and raw materials critical to technical textiles and garment finishing applications. Recent performance indicators highlight steady revenue growth and profitability gains, underscoring strong operational momentum. The company’s promoters retain majority ownership while actively considering capital raises to support further expansion of manufacturing capabilities and innovation in interlining solutions. Shine Fashions holds an important position in India's textile industry as a leading provider of interlining solutions and aims to consolidate its market share domestically and internationally through strategic investments and market development efforts. Overall, Shine Fashions (India) Limited is a specialized textile firm focused on producing and distributing a wide array of interlining fabrics and related textile products, backed by recent significant moves into manufacturing and capacity enhancement, underpinning its growth ambitions in the competitive global textile market.