1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Manufacturers
Salona Cotspin Limited

Salona Cotspin Limited

SALONA.NS
Salona Cotspin LimitedIN flagNational Stock Exchange of India
257.50
INR
+0.05
- -
1.36BMarket Cap
Salona Cotspin Limited
SALONA.NS
(National Stock Exchange of India)

Recent

price

257.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
151.3
150.14
162.86
202.15
193.45
190.46
227.9
200.24
249.72
231.55
427.66
1,160.37
839.44
1,281.54
1,257.49
- -
1,126.48
Revenue per Share
8.5
-9.33
5.91
10.76
4
4.31
6.35
4.05
3.1
2.23
11.78
37.6
33.39
11.64
5.95
- -
2.96
Basic EPS, GAAP
-2.62
31.9
13.47
20.01
17.26
-1.41
-5.66
7.58
12.2
26.65
-57.31
-103.94
-16.33
-159.74
71.14
- -
- -
Free Cash Flow per Basic Share
1.16
- -
- -
1.4
- -
- -
- -
0.72
0.72
0.72
- -
1
1.2
1.2
1
- -
- -
Dividend per Share
33.33
23.99
29.91
38.98
42.98
46.38
52.76
56.77
59.24
60.69
71.95
108.35
140.67
151.12
156.15
- -
10.11
Book Value per Share
33.31
23.98
29.9
39.27
43.25
46.65
52.93
56.77
59.28
60.79
72.12
108.71
140.87
151.4
156.47
- -
158.29
Tangible Book Value per Share
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
- -
5
Basic Weighted Avg Shares
796
790
857
1,064
1,018
1,003
1,199
1,054
1,314
1,218
2,251
6,106
4,417
6,744
6,622
5,938
5,938
Sales/Revenue/Turnover
13.02
-3.32
9.18
10.12
4.76
5.49
3.95
4.54
4.72
4.84
5.26
4.29
6.18
2.5
3.66
4.08
4.08
Operating Margin (%)
59
51
55
57
44
33
36
37
38
26
27
33
55
69
77
101
101
Depreciation Expense
45
-49
31
57
21
23
33
21
16
12
62
198
176
61
31
16
16
Net Income, GAAP
25.29
- -
16.12
25.76
17.03
16.87
- -
3.6
29.15
38.23
20.1
26.02
13.27
27.08
43.4
67.4
67.4
Effective Tax Rate (%)
5.62
-6.22
3.63
5.32
2.07
2.26
2.79
2.02
1.24
0.96
2.75
3.24
3.98
0.91
0.47
0.26
0.26
Profit Margin (%)
91
24
58
118
131
154
167
144
132
142
240
442
579
478
298
190
190
Working Capital
231
203
182
143
104
81
57
54
87
66
120
273
356
771
649
528
528
LT Debt
175
126
157
207
228
246
279
300
313
321
380
572
742
798
826
838
838
Total Equity
12.24
- -
13.25
15.94
8.19
8.82
- -
6.74
5.65
4.71
10.09
12.36
11.01
4.32
4.17
2.65
2.65
Return on Invested Capital (%)
7.07
- -
6.25
15.42
9.13
8.84
- -
7.68
5.41
4.78
9.5
16.07
11.93
5.95
4.2
3.13
3.13
Return on Capital (%)
28.65
-32.57
21.95
31.25
9.76
9.65
12.81
7.39
5.34
3.72
17.76
41.71
26.81
7.98
3.87
3.57
3.57
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,773
- -
1,369
LT Borrowings
598
- -
528
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
- -
5
Market Capitalization
1,328
1,377
1,414

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
2,234
- -
1,754
Cash, Cash Equivalents & STI
28
- -
24
Accounts Receivable, Net
1,214
- -
793
Inventories
597
- -
586
Total Current Liabilities
2,002
- -
1,564
Payables & Accruals
- -
- -
- -
ST Debt
1,773
- -
1,369
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.91%
18.53%
1.45%
Free Cash Flow
74.6%
162.57%
81.97%
Net Income, GAAP
43.17%
8.76%
-50.16%
Sales/Revenue/Turnover
29.38%
36.83%
-10.32%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,406
2,089
2,064
1,185
6,744
2025
1,900
1,661
1,583
1,478
6,622
2026
1,571
1,708
1,555
1,105
5,938

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.91
3.28
2.74
- -
11.64
2025
4.32
4.16
3.01
-5.54
5.95
2026
2.91
2.03
0.62
-2.59
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.2
2025
- -
- -
- -
- -
1
2026
- -
- -
- -
- -
- -
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Business
Salona Cotspin Limited manufactures and sells cotton yarn, knitted fabrics, and garments primarily in India and for export markets. Founded in 1994 and headquartered in Sathyamangalam, Erode District, Tamil Nadu with corporate offices in Coimbatore, the company operates vertically integrated facilities featuring ring spinning, open-end spinning, knitting, and garmenting equipped with advanced machinery including USTER-tested labs, contamination removal systems, auto-coners, and solar power integration; it produces over 75 metric tons of yarn daily across more than 100,000 spindles. Core products encompass carded, combed, compact, open-end, slub, mélange, recycled, polyester, and viscose yarns in various counts for knitting and weaving applications; knitted fabrics such as single jersey, interlock, pique, French terry, fleece, and rib in gauges of 18 to 32 and diameters from 16 to 36 inches; and knitwear apparel including finished garments. The company serves hosiery, knitted garment sectors, and global retail brands with a focus on sustainability, traceability, and eco-friendly processes. Recent developments include the appointment of Rajkumari R as Company Secretary and Compliance Officer in December 2024; appointment of Gaurav Jain as Non-Executive Independent Director effective August 2025; addition of new board members such as Arun Kumar Jhajharia as Non-Executive Director and Hari Desikan Ganesh as Independent Director in 2024; and ongoing board meetings including the November 2025 session for unaudited financial results alongside participation in international textile exhibitions.