About Salona
Salona is a publicly listed company based in Coimbatore (India) founded in 2003. Yarn, fabrics, and related products are manufactured under contract. The company has 356 employees. Its chief executive, as recorded, is Shyamlal Agarwala. Its Indian entity Salona Cotspin Limited reported revenue of ₹594 Cr. Salona offers products and services including Ring Spun Yarn, Compact Yarn, Open End Yarn, Blend Yarn, and Single Jersey Fabric. Its focus areas include Retail, Contract Manufacturers, Fashion and Fabric. Its competitors include Alok Industries, A.K. Spintex and Jaykay Enterprises.
Company details
Salona was founded in 2003 and is headquartered in Coimbatore, India. Operations focus on contract manufacturing within the textile sector, where yarn, fabrics, and associated products are produced. Services encompass the full spectrum of textile production for clients. The company is led by Managing Director Manoj Jhajharia and CEO Managing Director Shyamlal Agarwala. Activities are centered in the Indian market, supporting global supply chains through its domain salonagroup.com.
- Headquarters Coimbatore, India
- Employees 356
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website salonagroup.com
- Social LinkedIn Instagram
- Legal Name Salona Cotspin Limited
- Market Cap₹127 Cr
SALONA · NSE
- Share Price₹245.38
+1.80% 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)58.4x
P/B 1.6x
- ROE1.9%
ROCE 8.2%
- Debt / Equity2.57
Interest cover 82.5x
- Employee Count356
Associated legal entities of Salona
Salona is associated with 2 registered companies on The Company Check; the primary company is Salona Cotspin Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Salona Cotspin Limited Listed CIN L17111TZ1994PLC004797 | Active | 18 Jan 1994 | Sathyamangalam, Tamil Nadu | ₹594 Cr | 380 | 13 | View details |
| Salona Spinntex Private Limited CIN U17111TZ2006PTC012561 | Active | 10 Feb 2006 | Coimbatore, Tamil Nadu | ₹43.9 Cr | 3 | View details |
Products & Services of Salona
Salona offers a comprehensive portfolio of products and services, including Ring Spun Yarn, Compact Yarn, Open End Yarn, Blend Yarn, and Single Jersey Fabric.
High-quality yarn for durable textiles and superior results.
Yarn offering enhanced strength and fabric touch for various uses.
Cost-effective yarn for everyday textile applications and blends.
Mixed yarn for versatile, high-performance fabric production.
Knitted fabric providing unmatched softness for apparel needs.
Board of directors of Salona Cotspin Limited (Salona)
Salona Cotspin Limited is the primary company behind Salona. The boards of the 2 registered companies of Salona currently have 14 directors; the longest-serving is Shyam Lal Agarwala, appointed in 1997. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shyam Lal Agarwala DIN 00003055 | Managing Director | 18 Jan 1997 | 29 yrs 9 mo | Salona Cotspin Limited |
| Manoj Kumar Jhajharia DIN 00003076 | Managing Director | 26 Sep 1998 | 28 yrs 1 mo | Salona Cotspin Limited |
| Pramod Kumar Jhajharia DIN 00061636 | Whole-time director | 10 Feb 2006 | 20 yrs 8 mo | Salona Spinntex Private Limited |
| Pista Devi Jhajharia DIN 00003066 | Director | 10 Feb 2006 | 20 yrs 8 mo | Salona Spinntex Private Limited |
| Saloni Agarwal DIN 06929292 | Director | 21 Jul 2014 | 12 yrs 3 mo | Salona Spinntex Private Limited |
| Dhiresh Jayasi DIN 06931744 | Director | 25 Jul 2014 | 12 yrs 3 mo | Salona Cotspin Limited |
| Meenakumari Shanmugam DIN 07143889 | Director | 30 Mar 2015 | 11 yrs 7 mo | Salona Cotspin Limited |
| Arunkumar Jhajharia DIN 00003086 | Director | 12 Feb 2018 | 8 yrs 8 mo | Salona Cotspin Limited |
| Hari Desikan Ganesh DIN 08710451 | Director | 25 Jun 2020 | 6 yrs 4 mo | Salona Cotspin Limited |
| Raghav Agarwal DIN 06981525 | Director | 14 Nov 2022 | 3 yrs 11 mo | Salona Cotspin Limited |
| Prabhu DIN 05342906 | Director | 14 Nov 2022 | 3 yrs 11 mo | Salona Cotspin Limited |
| Harshidaa Dhiresh Raichura DIN 10832996 | Director | 12 Nov 2024 | 1 yr 11 mo | Salona Cotspin Limited |
| Gaurav Jain DIN 10719870 | Director | 23 Aug 2025 | 1 yr 2 mo | Salona Cotspin Limited |
| Ramasamy M Shanmugam DIN 11880982 | Additional Director | 13 Aug 2026 | 2 mo | Salona Cotspin Limited |
People of Salona
2 people are tracked at Salona (2 in leadership); the tracked headcount is 356.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership | |
| CEO & Managing Director | Leadership |
Complete people profiles for Salona
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Salona
Salona is a publicly listed company on the NSE with ticker symbol SALONA in India, operating in the Process industries 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.
- IPO date16 Jun 2016
- Listed onNSE: SALONA
- Listed entitySalona Cotspin Limited
- Exchange sectorProcess industries
- ISININE498E01010
- Share price₹272.80 (-0.09% on the day) · 2026-10-14
- Market capitalisation₹145 Cr
- Price to earnings62.8
- EPS (diluted, trailing year)₹4.34
- Dividend yield0.22%
- Volume (last session)49
Financials of Salona
Exchange-reported figures of Salona Cotspin Limited, the listed company behind Salona (NSE: SALONA).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 594 | 662 | 722 | 487 | 647 | 230 | 122 |
| Revenue growth | -10.3% | -8.3% | +48.3% | -24.8% | +181.2% | +88.9% | - |
| EBITDA | 34.31 | 31.97 | 30.23 | 34.84 | 37.39 | 14.76 | 8.55 |
| EBITDA margin | +5.8% | +4.8% | +4.2% | +7.2% | +5.8% | +6.4% | +7.0% |
| Profit before tax | 4.79 | 5.53 | 8.41 | 20.26 | 26.74 | 7.75 | 1.90 |
| Net profit | 1.21 | 3.12 | 6.13 | 17.57 | 19.75 | 6.17 | 1.18 |
| Net profit margin | +0.2% | +0.5% | +0.9% | +3.6% | +3.1% | +2.7% | +1.0% |
| EPS (₹) | 2.93 | 5.88 | 11.50 | 32.97 | 37.14 | 11.63 | 2.20 |
| Balance sheet | |||||||
| Total assets | 278 | 325 | 340 | 233 | 197 | 116 | 72.99 |
| Net worth | 83.78 | 82.58 | 79.77 | 74.18 | 57.24 | 38.02 | 32.09 |
| Total debt | 190 | 239 | 257 | 157 | 139 | 76.66 | 40.27 |
| Cash & bank | 2.26 | 2.11 | 1.15 | 0.80 | 0.40 | 0.53 | 0.57 |
| Net working capital | 156 | 203 | 227 | 179 | 156 | 88.76 | 47.92 |
| Cash flow | |||||||
| Cash from operations | 79.27 | 63.74 | (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) | 83.81 | 8.39 | 54.16 | 29.05 | (14.26) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 197 | 110 | 155 | 171 | 157 | 148 | 158 | 166 |
| Revenue growth (YoY) | +25.1% | -25.3% | -1.8% | +2.8% | -17.3% | - | - | - |
| Other income | 0.05 | 0.24 | 0.24 | 0.04 | 0.04 | (0.03) | 0.10 | 0.05 |
| Total expenses | 186 | 102 | 148 | 162 | 147 | 142 | 149 | 158 |
| EBITDA | 10.68 | 8.09 | 7.65 | 8.92 | 9.65 | 5.98 | 9.32 | 8.22 |
| EBITDA margin | +5.4% | +7.3% | +4.9% | +5.2% | +6.1% | +4.0% | +5.9% | +5.0% |
| Depreciation | 2.49 | 2.93 | 2.38 | 2.56 | 2.24 | 2.31 | 1.81 | 1.82 |
| Interest | 5.42 | 4.63 | 4.68 | 5.23 | 5.44 | 5.12 | 5.77 | 3.64 |
| Profit before tax | 2.82 | 0.77 | 0.83 | 1.17 | 2.01 | (1.48) | 1.84 | 2.81 |
| Tax | 0.56 | 2.13 | 0.52 | 0.10 | 0.49 | 1.43 | 0.26 | 0.62 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 197 | 110 | 155 | 171 | 157 | 148 | 158 | 166 |
| Revenue growth (YoY) | +25.1% | -25.3% | -1.8% | +2.8% | -17.3% | - | - | - |
| Other income | 0.05 | 0.24 | 0.24 | 0.04 | 0.04 | (0.03) | 0.10 | 0.05 |
| Total expenses | 186 | 102 | 148 | 162 | 147 | 142 | 149 | 158 |
| EBITDA | 10.68 | 8.09 | 7.65 | 8.92 | 9.65 | 5.98 | 9.32 | 8.22 |
| EBITDA margin | +5.4% | +7.3% | +4.9% | +5.2% | +6.1% | +4.0% | +5.9% | +5.0% |
| Depreciation | 2.49 | 2.93 | 2.38 | 2.56 | 2.24 | 2.31 | 1.81 | 1.82 |
| Interest | 5.42 | 4.63 | 4.68 | 5.23 | 5.44 | 5.12 | 5.77 | 3.64 |
| Profit before tax | 2.82 | 0.77 | 0.83 | 1.17 | 2.01 | (1.48) | 1.84 | 2.81 |
| Tax | 0.56 | 2.13 | 0.52 | 0.10 | 0.49 | 1.43 | 0.26 | 0.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 594 | 662 | 722 | 487 | 647 | 230 | 122 |
| Revenue growth | -10.3% | -8.3% | +48.3% | -24.8% | +181.2% | +88.9% | - |
| Other income | 0.56 | 0.15 | 0.25 | 0.29 | 0.06 | 0.11 | 0.08 |
| Total expenses | 560 | 630 | 692 | 452 | 610 | 215 | 113 |
| Employee cost | 18.17 | 11.99 | 10.62 | 9.47 | 7.85 | 5.57 | 6.14 |
| EBITDA | 34.31 | 31.97 | 30.23 | 34.84 | 37.39 | 14.76 | 8.55 |
| EBITDA margin | +5.8% | +4.8% | +4.2% | +7.2% | +5.8% | +6.4% | +7.0% |
| Depreciation | 10.11 | 7.74 | 6.86 | 5.47 | 3.33 | 2.66 | 2.65 |
| Interest | 19.97 | 18.85 | 15.21 | 9.40 | 7.38 | 4.46 | 4.08 |
| Profit before tax | 4.79 | 5.53 | 8.41 | 20.26 | 26.74 | 7.75 | 1.90 |
| Tax | 3.23 | 2.40 | 2.28 | 2.69 | 6.96 | 1.56 | 0.72 |
| Net profit | 1.21 | 3.12 | 6.13 | 17.57 | 19.75 | 6.17 | 1.18 |
| Net profit margin | +0.2% | +0.5% | +0.9% | +3.6% | +3.1% | +2.7% | +1.0% |
| EPS (₹) | 2.93 | 5.88 | 11.50 | 32.97 | 37.14 | 11.63 | 2.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 5.33 | 5.33 | 5.33 | 5.33 | 5.33 | 5.33 | 5.33 |
| Reserves & surplus | 78.45 | 77.25 | 74.44 | 68.85 | 51.91 | 32.69 | 26.76 |
| Shareholders' funds (net worth) | 83.78 | 82.58 | 79.77 | 74.18 | 57.24 | 38.02 | 32.09 |
| Secured loans | 66.36 | 78.24 | 85.96 | 39.78 | 32.08 | 15.26 | 38.40 |
| Unsecured loans | 123 | 160 | 171 | 117 | 107 | 61.40 | 1.87 |
| Total debt | 190 | 239 | 257 | 157 | 139 | 76.66 | 40.27 |
| Total liabilities | 278 | 325 | 340 | 233 | 197 | 116 | 72.99 |
| Assets | |||||||
| Gross block | 223 | 198 | 154 | 117 | 114 | 94.93 | 90.04 |
| Net block | 122 | 106 | 70.48 | 40.54 | 42.81 | 26.64 | 23.92 |
| Capital work in progress | 2.39 | 18.19 | 35.63 | 0.27 | 0.00 | 0.00 | 0.00 |
| Investments | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventories | 58.59 | 65.80 | 59.32 | 56.47 | 62.92 | 42.77 | 36.66 |
| Sundry debtors | 79.33 | 117 | 144 | 122 | 96.21 | 53.47 | 13.51 |
| Cash & bank balances | 2.26 | 2.11 | 1.15 | 0.80 | 0.40 | 0.53 | 0.57 |
| Loans & advances | 35.20 | 41.50 | 43.04 | 33.54 | 23.96 | 13.25 | 6.29 |
| Total current assets | 175 | 226 | 248 | 213 | 183 | 110 | 57.03 |
| Total current liabilities | 19.50 | 23.16 | 20.17 | 33.69 | 27.86 | 21.26 | 9.11 |
| Net working capital | 156 | 203 | 227 | 179 | 156 | 88.76 | 47.92 |
| Total assets | 278 | 325 | 340 | 233 | 197 | 116 | 72.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.11 | 0.06 | 0.06 | 0.07 | 0.21 | 0.19 | 0.08 |
| Net cash from operating activities | 79.27 | 63.74 | (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) | 83.81 | 8.39 | 54.16 | 29.05 | (14.26) |
| Net change in cash | (0.02) | 0.05 | (0.01) | (0.01) | (0.13) | 0.01 | 0.12 |
| Closing cash | 2.26 | 2.11 | 1.15 | 0.80 | 0.40 | 0.53 | 0.57 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 / equity | 2.57 | 3.05 | 2.69 | 2.25 | 2.26 | 1.67 | 1.44 |
| Long-term debt / equity | 0.71 | 0.88 | 0.73 | 0.48 | 0.41 | 0.26 | 0.24 |
| Interest cover | 82.52 | 77.80 | 65.08 | 32.01 | 21.67 | 36.86 | 69.15 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.82 | 3.77 | 5.33 | 4.21 | 6.19 | 2.49 | 1.36 |
| Inventory turnover | 9.55 | 10.58 | 12.48 | 8.16 | 12.24 | 5.79 | 3.30 |
| Debtors turnover | 6.06 | 5.08 | 5.42 | 4.46 | 8.65 | 6.87 | 7.69 |
| EPS (₹) | 2.93 | 5.88 | 11.50 | 32.97 | 37.14 | 11.63 | 2.20 |
| Dividend per share (₹) | 0.60 | 1.00 | 1.00 | 1.20 | 1.20 | 1.00 | 0.00 |
| Book value per share (₹) | 157.21 | 154.96 | 149.69 | 139.20 | 107.41 | 71.34 | 60.22 |
Competitors of Salona
Salona has 3 listed competitors in our database. They include Alok Industries, A.K. Spintex and Jaykay Enterprises.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| alokind.com | 1986 | Mumbai, India | 11,851 | Textiles and related products are manufactured in India. | ||
| akspintex.com | 1994 | Bhilwara, India | 297 | Fabrics are manufactured on a contract basis by A.K. Spintex. | ||
| jaykayenterprises.com | 1991 | Kanpur, India | 27 | Yarn and cotton are manufactured by Jaykay Enterprises in India. |
Detailed competitors of Salona
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Web traffic of Salona
The website of Salona (salonagroup.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 151% vs previous month
Websites whose visitors overlap most with Salona. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rjkimpex.com | 100% | View details | |||
arunmill.com | arunmill.com | 91% | – | ||
| uniminindia.com | 87% | View details | |||
| shahtaj.com | 87% | #12,869,967 | View details | ||
| internationaltextile.com | 87% | #14,769,332 | View details |
Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as Salona (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Industrial components, mould bases, and storage solutions are manufactured globally. | 1986 | Coimbatore, Tamil Nadu, India | USD 28 M | USD 853.09 M | 3,060 | |
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | USD 114.37 M | 618 | ||
Apparel and clothing are manufactured and exported on contract. | 1979 | Bengaluru, Karnataka, India | USD 400 M | 40,280 |
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Frequently Asked Questions about Salona
Salona was founded in 2003.
Salona is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.
Shyamlal Agarwala is the CEO of Salona, as recorded in our data.
Salona has 356 employees.
The primary company behind Salona, Salona Cotspin Limited, reported revenue of ₹594 Cr for FY 2026, down 10% year on year.
Salona was founded in 2003 and is headquartered in Coimbatore, India. Operations focus on contract manufacturing within the textile sector, where yarn, fabrics, and associated products are produced. Services encompass the full spectrum of textile production for clients. The company is led by Managing Director Manoj Jhajharia and CEO Managing Director Shyamlal Agarwala. Activities are centered in the Indian market, supporting global supply chains through its domain salonagroup.com.
Salona's top competitors include Jaykay Enterprises, Alok Industries and A.K. Spintex.
Salona offers Ring Spun Yarn, Compact Yarn, Open End Yarn, Blend Yarn, and Single Jersey Fabric.
Yes, Salona is publicly traded on NSE under the ticker symbol SALONA.
Salona is associated with 2 legal entities: Salona Cotspin Limited, Salona Spinntex Private Limited.
The legal entities of Salona currently have 16 directors, including Pramod Kumar Jhajharia, Pista Devi Jhajharia, Saloni Agarwal and others.