1. India Stocks

  2. •

    Process industries

  3. •

    Textiles
Spice Islands Industries Limited

Spice Islands Industries Limited

BBSE:SPICEISLIN
125.41
INR
+5.65
(+4.72%)
2.64EPS
39.44P/E
3.25BMarket Cap
Spice Islands Industries Limited
BSE:SPICEISLIN
(Bombay Stock Exchange)

Recent

price

125.41

P/E

ratio

39.44

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
9.04
6.42
5.73
7.52
11.22
10.73
7.54
12.62
7.62
7
3.01
1.22
0.3
- -
0.36
7.24
13.24
Revenue per Share
0.5
0.1
-0.35
0.2
0.28
0.13
-0.72
-0.61
-1.82
-1.37
-1.01
-0.61
-0.06
0.15
0.22
2.29
2.64
Basic EPS, GAAP
-1.1
-0.25
0.87
0.34
-1.39
-0.14
-1.14
-1.85
0.36
-0.16
-0.46
0.3
0.03
-0.09
-1.22
-0.52
- -
Free Cash Flow per Basic Share
0.3
0.15
0.15
0.1
0.2
0.3
0.15
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
6.88
6.8
6.33
6.3
6.13
5.91
5.18
4.57
2.74
1.37
0.36
-0.24
-0.29
-0.14
1.1
4.5
- -
Book Value per Share
6.88
6.8
6.33
6.29
6.12
5.91
5.18
4.57
2.74
1.37
0.35
-0.24
-0.29
-0.14
1.1
4.01
- -
Tangible Book Value per Share
22
22
22
22
22
21
22
22
22
22
22
22
22
22
22
25
26
Basic Weighted Avg Shares
194
138
123
162
241
229
162
271
164
150
65
26
6
- -
8
179
338
Sales/Revenue/Turnover
7.88
-0.83
-8.03
-2.92
1.53
2.15
-13.9
-7.17
-24.39
-20.49
-29.6
-39.04
-31.05
- -
-122.31
14.85
7.95
Operating Margin (%)
3
3
3
2
4
5
5
5
5
4
3
1
- -
- -
1
1
1
Depreciation Expense
11
2
-8
4
6
3
-15
-13
-39
-29
-22
-13
-1
3
5
57
67
Net Income, GAAP
38.54
45.94
- -
11.33
25.33
14.19
- -
- -
- -
- -
- -
- -
- -
- -
57.46
- -
- -
Effective Tax Rate (%)
5.58
1.51
-6.15
2.65
2.53
1.21
-9.53
-4.86
-23.87
-19.51
-33.72
-50.15
-18.85
- -
61.29
31.65
19.91
Profit Margin (%)
85
88
71
71
70
91
76
61
24
-1
-16
-23
-15
-12
-7
68
- -
Working Capital
2
2
3
1
1
6
7
4
1
2
3
1
1
- -
- -
- -
- -
LT Debt
148
146
136
135
132
127
111
98
59
30
8
-5
-6
-3
24
140
- -
Total Equity
6.86
1.23
- -
3.12
4.52
2.04
- -
- -
- -
- -
- -
- -
- -
791.89
-20.69
- -
- -
Return on Invested Capital (%)
7.51
1.23
- -
3.52
4.85
3.12
- -
- -
- -
- -
- -
- -
- -
-474.91
25.26
- -
- -
Return on Capital (%)
7.49
1.41
-5.36
3.16
4.57
2.15
-12.95
-12.58
-49.77
-66.37
-116.95
- -
- -
- -
- -
69.14
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
6
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
25
31
31
Market Capitalization
934
1,681
3,246

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
104
- -
Cash, Cash Equivalents & STI
- -
28
- -
Accounts Receivable, Net
- -
29
- -
Inventories
- -
2
- -
Total Current Liabilities
- -
37
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
6
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-78.08%
-118.56%
494.88%
Free Cash Flow
124.98%
102.75%
-51.01%
Net Income, GAAP
12.14%
129.07%
1,086.34%
Sales/Revenue/Turnover
- -
- -
2,197.55%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
1
3
3
8
2026
19
17
33
109
179
2027
178
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.03
-0.43
-0.1
0.73
0.22
2026
0.15
0.36
0.59
1.25
2.29
2027
0.45
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
Similar Companies
Sasa Polyester Sanayi A.S. (BIST:SASA)
WF Holding Limited (NASDAQ:WFF)
Raymond Limited (NSE:RAYMOND)
Aksa Akrilik Kimya Sanayii A.S. (BIST:AKSA)
Filatex India Ltd (NSE:FILATEX)
Indo Count Industries Limited (NSE:ICIL)
Business
Spice Islands Industries Limited engages in the manufacturing and trading of garments and related products, with additional involvement in renewable energy activities. The company operates through three primary business lines: trading of branded packaged beverages; hospitality services; and renting of electric two-wheelers, complemented by textile and garment production capabilities. It has historical roots in readymade garment exports to the UK, Japan, and EC countries, and has expanded its operations to include knitted fabrics production at its Bhandup facility, with significant capacity in the early years. The firm positions itself as a diversified conglomerate with a focus on apparel manufacturing, export-oriented garment operations, and energy-related ventures, aligning with evolving market demands. Headquartered in Mumbai, India, Spice Islands Industries Limited was established in 1988 and is publicly listed. The company’s product portfolio historically covers ladies and children's wear, including shirts, blouses, skirts, T-shirts, polo shirts, and sweatshirts, along with yarns and fabrics. The current leadership and corporate structure oversee three principal domains: branded apparel trading, hospitality outsourcing services, and renewable energy-related activities, while maintaining its historical emphasis on export-oriented garment production and fabric knitting. Recent corporate developments include strategic shifts toward renewable energy opportunities and enhanced focus on scalable garment manufacturing capacities, reflecting a broader diversification strategy aimed at capturing growth across consumer apparel, energy, and service sectors.