Salona Group

India Listed
Yarn and fabric manufacturing focused on sustainability and advanced technology in India.
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About Salona Group

Salona Group is a publicly listed company based in India. Yarn and fabric manufacturing focused on sustainability and advanced technology in India. Its Indian entity Salona Cotspin Limited reported revenue of ₹594 Cr. Salona Group offers products and services including Yarns and Fabrics. Its focus areas include Textiles and Apparel, Fabric Production, Knitted Fabric Manufacturing and Eco-Friendly Materials.

Company details

Salona Group is known for the production of premium yarns and fabrics that incorporate sustainable practices and advanced manufacturing processes. Green energy is utilized to minimize environmental impact, while circular fashion principles are applied to transform organic waste into high-quality products. The companys facilities employ the latest technology for yarn spinning, knitting, and garmenting, serving various industries with eco-friendly solutions. Certifications for superior quality are held, ensuring traceability and reliability in operations. Overall, a commitment to innovation and sustainability is demonstrated in all aspects of production.

Operational Areas
Industrial Goods & Manufacturing → Textile & Yarn Production
Key Metrics
  • Market Cap
    ₹140 Cr

    SALONA · NSE

  • Share Price
    ₹266.49

    -0.56% today

  • Revenue
    ₹594 Cr

    FY 2025-26 · -10.3% YoY

  • EBITDA
    ₹34.31 Cr

    Margin 5.8%

  • Net Profit
    ₹1.21 Cr

    FY 2025-26 · -61.2% YoY

  • P/E (TTM)
    60.4x

    P/B 1.7x

  • ROE
    1.9%

    ROCE 8.2%

  • Debt / Equity
    2.57

    Interest cover 82.5x

Products & Services of Salona Group

Salona Group offers a comprehensive portfolio of products and services, including Yarns and Fabrics.

Yarns
Textile Products

Yarns are manufactured by Salona Group using advanced technology for superior quality and sustainable practices.

Fabrics
Textile Products

Fabrics are produced by Salona Group with unmatched softness and eco-friendly attributes for various applications.

Board of directors of Salona Cotspin Limited (Salona Group)

Salona Cotspin Limited is the primary company behind Salona Group. The board of Salona Cotspin Limited currently have 11 directors; the longest-serving is Shyam Lal Agarwala, appointed in 1997. 10 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Shyam Lal Agarwala
DIN 00003055
Managing Director18 Jan 199729 yrs 9 moSalona Cotspin Limited
Manoj Kumar Jhajharia
DIN 00003076
Managing Director26 Sep 199828 yrs 1 moSalona Cotspin Limited
Dhiresh Jayasi
DIN 06931744
Director25 Jul 201412 yrs 3 moSalona Cotspin Limited
Meenakumari Shanmugam
DIN 07143889
Director30 Mar 201511 yrs 7 moSalona Cotspin Limited
Arunkumar Jhajharia
DIN 00003086
Director12 Feb 20188 yrs 8 moSalona Cotspin Limited
Hari Desikan Ganesh
DIN 08710451
Director25 Jun 20206 yrs 4 moSalona Cotspin Limited
Raghav Agarwal
DIN 06981525
Director14 Nov 20223 yrs 11 moSalona Cotspin Limited
Prabhu
DIN 05342906
Director14 Nov 20223 yrs 11 moSalona Cotspin Limited
Harshidaa Dhiresh Raichura
DIN 10832996
Director12 Nov 20241 yr 11 moSalona Cotspin Limited
Gaurav Jain
DIN 10719870
Director23 Aug 20251 yr 2 moSalona Cotspin Limited
Ramasamy M Shanmugam
DIN 11880982
Additional Director13 Aug 20262 moSalona Cotspin Limited

IPO & Listings of Salona Group

Salona Group is a publicly listed company on the NSE with ticker symbol SALONA in India, operating in the Textiles sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: SALONA
  • Listed entitySalona Cotspin Limited
  • Exchange sectorTextiles

Financials of Salona Group

Exchange-reported figures of Salona Cotspin Limited, the listed company behind Salona Group (NSE: SALONA).

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹594 Cr
-10.3% YoY
EBITDA
₹34.31 Cr
+7.3% YoY
Profit After Tax
₹1.21 Cr
-61.2% YoY
Net Worth
₹83.78 Cr
+1.5% YoY
Total Assets
₹278 Cr
-14.6% YoY
Total Debt
₹190 Cr
-20.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue594662722487647230122
Revenue growth-10.3%-8.3%+48.3%-24.8%+181.2%+88.9%-
EBITDA34.3131.9730.2334.8437.3914.768.55
EBITDA margin+5.8%+4.8%+4.2%+7.2%+5.8%+6.4%+7.0%
Profit before tax4.795.538.4120.2626.747.751.90
Net profit1.213.126.1317.5719.756.171.18
Net profit margin+0.2%+0.5%+0.9%+3.6%+3.1%+2.7%+1.0%
EPS (₹)2.935.8811.5032.9737.1411.632.20
Balance sheet
Total assets27832534023319711672.99
Net worth83.7882.5879.7774.1857.2438.0232.09
Total debt19023925715713976.6640.27
Cash & bank2.262.111.150.800.400.530.57
Net working capital15620322717915688.7647.92
Cash flow
Cash from operations79.2763.74(11.90)(5.01)(34.78)(23.72)14.30
Cash from investing(9.83)(26.11)(71.91)(3.39)(19.51)(5.32)0.08
Cash from financing(69.46)(37.57)83.818.3954.1629.05(14.26)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue197110155171157148158166
Revenue growth (YoY)+25.1%-25.3%-1.8%+2.8%-17.3%---
Other income0.050.240.240.040.04(0.03)0.100.05
Total expenses186102148162147142149158
EBITDA10.688.097.658.929.655.989.328.22
EBITDA margin+5.4%+7.3%+4.9%+5.2%+6.1%+4.0%+5.9%+5.0%
Depreciation2.492.932.382.562.242.311.811.82
Interest5.424.634.685.235.445.125.773.64
Profit before tax2.820.770.831.172.01(1.48)1.842.81
Tax0.562.130.520.100.491.430.260.62

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue197110155171157148158166
Revenue growth (YoY)+25.1%-25.3%-1.8%+2.8%-17.3%---
Other income0.050.240.240.040.04(0.03)0.100.05
Total expenses186102148162147142149158
EBITDA10.688.097.658.929.655.989.328.22
EBITDA margin+5.4%+7.3%+4.9%+5.2%+6.1%+4.0%+5.9%+5.0%
Depreciation2.492.932.382.562.242.311.811.82
Interest5.424.634.685.235.445.125.773.64
Profit before tax2.820.770.831.172.01(1.48)1.842.81
Tax0.562.130.520.100.491.430.260.62
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue594662722487647230122
Revenue growth-10.3%-8.3%+48.3%-24.8%+181.2%+88.9%-
Other income0.560.150.250.290.060.110.08
Total expenses560630692452610215113
Employee cost18.1711.9910.629.477.855.576.14
EBITDA34.3131.9730.2334.8437.3914.768.55
EBITDA margin+5.8%+4.8%+4.2%+7.2%+5.8%+6.4%+7.0%
Depreciation10.117.746.865.473.332.662.65
Interest19.9718.8515.219.407.384.464.08
Profit before tax4.795.538.4120.2626.747.751.90
Tax3.232.402.282.696.961.560.72
Net profit1.213.126.1317.5719.756.171.18
Net profit margin+0.2%+0.5%+0.9%+3.6%+3.1%+2.7%+1.0%
EPS (₹)2.935.8811.5032.9737.1411.632.20
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital5.335.335.335.335.335.335.33
Reserves & surplus78.4577.2574.4468.8551.9132.6926.76
Shareholders' funds (net worth)83.7882.5879.7774.1857.2438.0232.09
Secured loans66.3678.2485.9639.7832.0815.2638.40
Unsecured loans12316017111710761.401.87
Total debt19023925715713976.6640.27
Total liabilities27832534023319711672.99
Assets
Gross block22319815411711494.9390.04
Net block12210670.4840.5442.8126.6423.92
Capital work in progress2.3918.1935.630.270.000.000.00
Investments0.010.000.010.010.010.010.01
Inventories58.5965.8059.3256.4762.9242.7736.66
Sundry debtors79.3311714412296.2153.4713.51
Cash & bank balances2.262.111.150.800.400.530.57
Loans & advances35.2041.5043.0433.5423.9613.256.29
Total current assets17522624821318311057.03
Total current liabilities19.5023.1620.1733.6927.8621.269.11
Net working capital15620322717915688.7647.92
Total assets27832534023319711672.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.110.060.060.070.210.190.08
Net cash from operating activities79.2763.74(11.90)(5.01)(34.78)(23.72)14.30
Net cash from investing activities(9.83)(26.11)(71.91)(3.39)(19.51)(5.32)0.08
Net cash from financing activities(69.46)(37.57)83.818.3954.1629.05(14.26)
Net change in cash(0.02)0.05(0.01)(0.01)(0.13)0.010.12
Closing cash2.262.111.150.800.400.530.57
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-10.3%-8.3%+48.3%-24.8%+181.2%+88.9%-
EBITDA growth+7.3%+5.8%-13.2%-6.8%+153.3%+72.6%-
PBT growth-13.4%-34.2%-58.5%-24.2%+245.0%+307.9%-17.8%
Net income growth-61.2%-49.1%-65.1%-11.0%+220.1%+422.9%-
Revenue CAGR (3Y)+6.8%+0.8%+46.4%+58.7%+69.5%+29.2%+0.1%
EBITDA CAGR (3Y)-0.5%-5.1%+27.0%+59.7%+54.9%+16.5%-0.2%
Profitability & leverage
Net income margin+0.3%+0.5%+0.9%+3.6%+3.1%+2.7%+1.0%
Return on capital employed+8.2%+7.3%+8.2%+13.8%+21.8%+13.0%+7.7%
Return on net worth+1.9%+3.9%+8.0%+26.7%+41.6%+17.7%+3.7%
Debt / equity2.573.052.692.252.261.671.44
Long-term debt / equity0.710.880.730.480.410.260.24
Interest cover82.5277.8065.0832.0121.6736.8669.15
Efficiency & per share
Fixed asset turnover2.823.775.334.216.192.491.36
Inventory turnover9.5510.5812.488.1612.245.793.30
Debtors turnover6.065.085.424.468.656.877.69
EPS (₹)2.935.8811.5032.9737.1411.632.20
Dividend per share (₹)0.601.001.001.201.201.000.00
Book value per share (₹)157.21154.96149.69139.20107.4171.3460.22

Top companies in Textile & Yarn Production

3 companies that operate in the same segment as Salona Group (Textile & Yarn Production) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Hero Cycles
Bicycle manufacturing, sales, and accessory services in India.
1956Gurugram, Haryana, IndiaUSD 246.88 M2,472
Grasim
Fabrics, synthetic yarns, viscose, chemicals, and linen products are manufactured.
1947Ujjain, Madhya Pradesh, IndiaUSD 18.65 B193
Himatsingka
Home textile products are manufactured, retailed, and distributed globally.
1985Bengaluru, Karnataka, IndiaUSD 253.24 M8,060
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Frequently Asked Questions about Salona Group

Salona Group is headquartered in India.

The primary company behind Salona Group, Salona Cotspin Limited, reported revenue of ₹594 Cr for FY 2026, down 10% year on year.

Salona Group is known for the production of premium yarns and fabrics that incorporate sustainable practices and advanced manufacturing processes. Green energy is utilized to minimize environmental impact, while circular fashion principles are applied to transform organic waste into high-quality products. The companys facilities employ the latest technology for yarn spinning, knitting, and garmenting, serving various industries with eco-friendly solutions. Certifications for superior quality are held, ensuring traceability and reliability in operations. Overall, a commitment to innovation and sustainability is demonstrated in all aspects of production.

Salona Group offers Yarns and Fabrics.

Yes, Salona Group is publicly traded on NSE under the ticker symbol SALONA.

Salona Group operates through Salona Cotspin Limited.

The legal entities of Salona Group currently have 13 directors, including Hari Desikan Ganesh, Shyam Lal Agarwala, Manoj Kumar Jhajharia and others.

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